diff --git "a/reddit_finance_43_250k_77.txt" "b/reddit_finance_43_250k_77.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_77.txt" @@ -0,0 +1,10000 @@ +4. Hedgies r fuk. + +&#x200B; + +&#x200B; + +# 2. Hedgies only want one thing, and it’s fucking disgusting + +&#x200B; + +&#x200B; + +Really, when I identified all of the structures below a couple of days ago, I just thought why didn’t I notice all those patterns and fractals earlier. Those are freaking obvious even for a five year old, and are gniwolb gnikcuf dmin. We were looking at the cycles through the false prism this whole time! + +Without further ado, let’s get straight to the business, starting from: + +[GME hourly chart, November 2021 price action.](https://preview.redd.it/jdqpdksed6081.jpg?width=2388&format=pjpg&auto=webp&s=ca14ad247eaa03f55cb43d8ab58699a9bdcf7cf2) + +This is where my discovery originated. As many of you did too, I observed the early Nov bullrun, playing with the chart and TA. I swear, I have seen this pattern so many times on GME this year, so I decided to dive deeper. Notice anything? + +&#x200B; + +Okay, I’ll tell you what you are looking at: + +[Taken from the book ‘Market Psychology for Dummies’, hehe](https://preview.redd.it/3d81mgsbd6081.jpg?width=1200&format=pjpg&auto=webp&s=eff897aac37cf629eb14f4e277d9cd80f2a684f3) + +What you see above is the explanation of the emotional cycle which market participants (primarily unsophisticated ones) go through during a typical market cycle. This basic emotional pattern described above seems to be the root of the hedgies algo, which they use for the price suppression. Yes, the financial derivatives and complex fin-engineering constructs are their tools, but the market sentiment control is their main objective. And that’s understandable, as Jan events and the global retail GME obsession scared the shit out of them. The GG report showed us that the shorters dickinsons were not covering in January, and the sneeze was primarily caused by the retail buying pressure. And where did the retail buying pressure come from? That’s right, it was building up on the global retail hype, which, in turn, was caused by quadruple digit % price increase. The attention of the broader retail investors circles is the hedgies Kryptonite. Even though lately that attention has been pulverized elsewhere (SPY, creeptoe ATHs), GME cycles and its contraction indicate that RIP (Dumbass) is just around the corner, and that DIP machine is broken. Let’s take a closer look and analyze the psychological cycle via the November price action. + +&#x200B; + +***Apes, meet Cycle 2*** + +[GME hourly chart, \(the first half of\) November 2021 price action.](https://preview.redd.it/ta2lb1lyc6081.jpg?width=2388&format=pjpg&auto=webp&s=48bcfb900aa3cd8fb6ed5d5a59946c06c566f333) + +Please refer to GME hourly chart above, and pay attention to the following factors which are relevant for all of the examples discussed further: + +&#x200B; + +1. The ‘positive’, growth phase of the cycle takes up no more than 10 percent of the cycle as a whole (timewise). Those rapid, sharp runs are intensive and short-lived, which enables hedgiesrfuks adjusting their positions in a very precise and careful manner, avoiding broader retail investors circles’ FOMO, and going through optimism to euphoria stages with the speed of lightning. +2. Even if the bullrun caught investors’ attention, the rug is usually pulled violently, and the newcomers buyers are shaken out. This is where the ‘anxiety’ stage kicks in. +3. Then there is hedgies’ favorite stage: flat titties W-shaped consolidation, which covers all of the stages up to ‘depression’, and makes the financial asset unattractive. + +&#x200B; + +Let me ask you a simple question: would you invest in the asset that has its price declining/staying flat up to 90% of time? That’s how they kill the buy side. And with the latest options talk, how do you think the options perform through this type of cycle with nasty theta decay? [Bad](https://www.reddit.com/r/Superstonk/comments/qvm5zd/i_lost_100k_on_gme_options_because_i_bag_held/). + +Hedgies only want two things (pulling the rug and flat titties) and it’s fucking disgusting. Okay, I think you got the point. This very simple psychology based price action pattern is their main weapon, which allowed them to keep status quo throughout 2021. I used past simple for ‘allowed’ because the hedfucks seem to be no longer in control, let me explain why and let’s count the cycles. + +Take a brief look at red/magenta/dark-pink (dafaq is this Crayon?) November cycle numbered 2 above. Two is its number in the sequence of cycles (7-6-5-4-3-2-1 - and yes, its the FINAL COUNTDOWN), I’ll keep number 1 for myself for a bit and we’ll come back to it later in the analysis, but you should be able to see its first (light purple) impulse wave on the chart above. **Cycle 2** lasted for about two weeks (**Nov 1 - Nov 15**). + +&#x200B; + +***Zoom out, rewind: Cycle 3*** + +[GME 4H chart, August 24 - October 30 price action.](https://preview.redd.it/ow9n6kc7c6081.jpg?width=2388&format=pjpg&auto=webp&s=132ca51b023feb21e6deac99a9ec0311c66ff796) + +The orange cycle, 4H chart is the most appropriate timeframe for this one. Refer to the previous example (2) if you would like to go through the stages in-depth again and apply those here. Basically, it goes like impulse>fuckery>correction>relief uptrend>W-consolidation. **Cycle 3** lasted for about *two months* (**Aug 24 - Oct 30**) or 69 days exactly (noice!). + +The most important factor that should be mentioned, is that DRS really took off in the first half of this cycle, in the middle of September and as you will see in the examples that follow - preceding **Cycle 4** (green) and **Cycle 5** (light blue), are when they managed to kick the can down the road in the most efficient way; each had the duration of three months, and the orange **Cycle 3** was the one to break this duration sequence. Coincidence? I think not, DRS is the way. + +&#x200B; + +&#x200B; + +***Zoom out, rewind: Cycle 4*** + +[GME daily chart, May 25 - August 23 price action.](https://preview.redd.it/067xcn6vb6081.jpg?width=2388&format=pjpg&auto=webp&s=1539d31734fefbbb582edff17e63a87d9a4e1dba) + +The green cycle with the second most severe correction phase (guess which cycle had the most violent correction phase?). The cycle is also the longest (**May 25 - Aug 23**), lasted for about *three months*. + +&#x200B; + +***Rewind: Cycle 5*** + +[GME daily chart, February 24 - May 24 price action.](https://preview.redd.it/ckrv9dxlb6081.jpg?width=2388&format=pjpg&auto=webp&s=1fa2009d014d1be27b92d20490753043f7faf39a) + +The light-blue cycle is the second longest. Lasted for *three months* exactly (**Feb 24 - May 24**). + +&#x200B; + +***Zoom in, Rewind: Cycle 6 (January Sneeze)*** + +[GME hourly chart, January 21 - February 24 price action.](https://preview.redd.it/kzhl277eb6081.jpg?width=2388&format=pjpg&auto=webp&s=aee26a5995c3e6a2372169612f3a076296bbedb8) + +The apes remember. The blue cycle. + +Let’s pause here for a second, and have a minute of silence for hedgies, because they r utterly fuk. + +Thank you, let’s continue. + +&#x200B; + +***Zoom out: Cycles combined, the bigger picture*** + +[GME daily chart, January 21 - November 17 price action. Simulation confirmed.](https://preview.redd.it/gbm5mf76b6081.jpg?width=2388&format=pjpg&auto=webp&s=0ac79c45e4767fcc1e21ed9079bea18da6b033da) + +The pattern that is observable on every cycle (10% impulsive growth while readjusting shorts and 90% downtrend/flat trend) is designed to mess with the psychology of the broader retail investors circles, keeping them away from investing in the asset and controlling the buying pressure. + +Looking back at all the cycles, there are several conclusions to be made based on the analysis. First, consider this sequence: one month (cycle 6) - three months (cycle 5) - three months (cycle 4) - two months (cycle 3) - two weeks (cycle 2). The fifth and the fourth cycles were the perfect, comfy zones for shorters dickinsons to kick the can down the road (through FTDs, ETFs shorting, DOOMPs, etc.), decay theta, and make GME unattractive as an investment vehicle forcing the flat trend while other assets were flourishing and reaching for ATHs. The orange cycle, in its turn, is where they see a middle finger from the retail in the form of DRS, and the duration of the cycle reflects hedgies’ pain (retail took their toys away from them): the fuckery’s duration is cut by a third. BUT WAIT, THERE’S MORE! The red cycle (2), which started in November, lasted only for two weeks! In my opinion, this radical cycles contraction is largely due to DRS, and an extremely vivid indication of the fact that DRS is working, and it’s working right now, forcing hedgies’ algos into the singularity point of no return. + +&#x200B; + +***Zoom out: Cycle 7 (Long Term)*** + +[GME weekly chart, January 21 - November 17 price action. Confirmation simulated.](https://preview.redd.it/wxuei4r1b6081.jpg?width=2388&format=pjpg&auto=webp&s=5f5632f28fdf0a6013640876a55e56d11c68a8d6) + +Speaking of points of no return, take a look how GME competed exactly the same cycle on the weekly chart, and it is composed of the shorter term cycles, making Xzibit really proud. There is so much pressure on GME charts, on every level of it, it feels fucking nuclear. The best part about it all, is that the explosion is TODAY! + +&#x200B; + +&#x200B; + +# III. The Ouroboros has bitten its tail + +&#x200B; + +&#x200B; + +Finally, **Cycle 1**! This is the moment for apes to ooh aah ooh aah, because it fucking started! The MOASS started while I’m finishing this post! Just like the cycles predicted. + +[GME 5 minutes chart, November 15 price action.](https://preview.redd.it/cu76r11sa6081.jpg?width=2388&format=pjpg&auto=webp&s=35580f48d5bd88225a440267286419406dd760e1) + +So, remember the cliff hanger about **Cycle 1** that I left in the beginning of the post? This is it! **Cycle 2** took two weeks to finish, cycle one only needed one day! + +Just like **Cycle 0** yesterday: + +[GME 5 minutes chart, November 16 price action.](https://preview.redd.it/m5lpw8gka6081.jpg?width=2388&format=pjpg&auto=webp&s=794bf9f04a6597e1f0dfb68e5a1cbe9d838afa2f) + +It was yesterday, when Ouroboros has bitten its tail. Today’s price action is the MOASS unveiling. + +&#x200B; + +**TL;DR: hedgies r fuk, as apes forced them into the point of singularity with DRS, and looped the cycles hedgies used for psychological warfare against the retail and the Stonk. The explosion you are observing today is highly likely the consequence of DRS and the beginning of MOASS, as hedgies ran out of bullets and resources to short the Superstonk.** +I trade spot FX (market making + prop) for one of the majors and have 5+ years in the industry. I am yet to read any posts here by anyone who gets paid to be a trader - by that I mean not a commission based trader - and so thought I’d share my experiences +I have had a lot of conversations in the last couple of days with loan officers. + +Every lender I've spoken to is forcing point buy-downs. I got quoted 9.3% total closing costs on a $75k loan ($100k purchase price). 9.3%! How is this even legal to quote on a QM loan? + +I stated I don't want to buy down the rate, please give me a higher interest rate if you have to. I'll take an 8 or 9% interest rate. Nope, they won't negotiate. + +One of my lenders I currently use quoted me at a 5 point buy-down. + +&#x200B; + +Wtf is going on? +The CEO of AMC, Adam Aron, just sent out a Tweet confirming that they will also accept ETH, LTC and BCH in addition to BTC in all of their theaters by the end of 2021. While I don't think this is going to make any of these coins do any parabolic movements as a result, to me this is just another awesome step in the global adoption of crypto as a whole. + +https://preview.redd.it/c3bhyctaprn71.jpg?width=1125&format=pjpg&auto=webp&s=e1db14028c841776a22a9858e5872e6d53f78e88 + +From the Tweet: "*Cryptocurrency enthusiasts: you likely know AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.*" +Hello! I have been trying to transfer my PF account for 4 months now, 3 requests, 2 grievance and 4 tweet later I don't know what to do, hence posting here. + +All my transfer requests were rejected saying below reasons +1. Technical error, please resubmit again +2. Father name mismatch (for this I checked and name is correct in uan portal profile, as well as form 13 in both employer details) + +For grievance again, in both they replied there was a technical error, resubmit. Once they said technical error, apply offline. Now I'm fedup, why do they have online portal then, I don't want to go out in this covid time, don't want to visit EPFO and then give bribe there. So No help from grievance portal there. + +For tweets they never replied. There I even noticed that people have even gone to such extent that they are saying will it take them to jump from a building for EPFO to clear their claims. So I have no hope of solution from tweeting, so I'm headed to our reddit community now. + +Can someone please suggest what to do now, what I might be missing, I have pan and aadhar kyc approved, previous employer bank account kyc approved, current employer bank account kyc initiated, personal details are correct. What do you suggest? Should I resubmit the claim again and again till they accept(but it will bother the employers who have to repeatedly approve my claims), or apply offline(I'm worried for offline that they might just reject there also, and process is tedious offline). + +Edit: adding current status +1. Filed an RTI to ask for answers from EPFO +2. Added current employer salary account too, it enabled the attestation through current employer so applied again eith that. +3. Raised complaint on platforms like PMO India etc as few people here suggested. + +Will update once get update from either platform. It's weekend for now so. +I grew up with my grandma. She took me in when she was 60 and living on disability. Eventually, she'd take in my little sister too because my mom was suffering from mental illness and self-medicating in the worst way. So there were three of us, and we lived on $20k. (And this wasn't 100 years ago either; I'm a millenial.) Money was always, always tight. We didn't have a car, a computer, cell phones. We couldn't even afford a lawn-mower. A neighbor would lend his. What Save-A-Lot didn't sell we didn't eat. + +When I was 16, I got a job at Subway, and I had to walk two miles each way. Then I got fired because I didn't take my drug test in time. I didn't take the test, not because I was gonna fail it but because I couldn't get a ride to the nearest drug testing place, which was miles and miles away. + +All through high school, I kept dreaming that I would work hard in school and get a scholarship to Harvard and land a good job and bring Grandma (and myself) out of poverty. But that didn't exactly happen. + +First disappointment is that I didn't get into Harvard, but all in all, that actually didn't matter. I got into another good college on a scholarship. And I did work hard and plotted a path for myself where I would finally come up. I finished all my schooling three years ago, and I took my first adult job. I made enough just to cover all my expenses and have a small cushion, but it all felt very precarious. + +Last September, I interviewed for a good job, making six figures, a job that would actually change my life. I got the offer and accepted in October. My Grandma died in November. + +On the one hand, I made it out of poverty, so I should be happy. On the other hand, it all feels meaningless since I can't share my success with the one person in the whole world I wanted to share it with the most. + +With the new job came a new city. Nobody knows my story here. I'm just another guy in a suit, who went to good universities, whose life is 'working out.' +*On February 24, the company's Board of Directors authorized a new share repurchase program to repurchase up to $1B of the company's common stock. This repurchase program replaces the remaining availability of approximately $76.6M under the company's previously approved $1B share repurchase program. + +This is after earnings that missed estimates. + +*Earnings per share: $3.46 adjusted vs. $3.89 expected* +*Revenue: $1.36 billion vs. $1.39 billion expected* + +*U.S. same-store sales increased by 11.2%, down from third quarter’s 17.5% growth. International same-store sales climbed by 7.3%.* + +Domino’s also said it made a $40 million investment in Dash Brands, the privately held company that serves as the pizza chain’s franchisee in China. Domino’s first invested in Dash in the second quarter of 2020, acquiring a noncontrolling stake for $40 million. + +**The company’s new two- to three-year outlook projects net unit growth of 6% to 8% and global retail sales growth of 6% to 10%, excluding foreign currency.** + +https://www.cnbc.com/2021/02/25/dominos-pizza-dpz-q4-2020-earnings-miss.html +About a few months ago, I started to sell CSPs instead of YOLOing all my money into options because it was clear that was not going to work for me. I would get anxious as fuck before the market open because it was clear I was going to lose money. + +Now, I stick to trying to create a consistent income, and I work towards increasing my percentages each month. Thetagang is pretty dope and I am glad that I am starting to understand it. + +I started at about $1500 and was selling CSPs on AAL, AUY, NIO (before it was cool), RKT, PLTR, and now GME. My plan is to usually stick to selling CSPs on extremely high IV stocks, which end up being the meme stocks of r/wallstreetbets + +I have a spreadsheet that documents my trades, and it psychologically keeps me on track and keeps me in check so that I do not go and YOLO all my money. Anyways, looking forward to selling more CSPs, and hopefully implementing some more strategies. + +&#x200B; + +[Came to my senses in mid-August](https://preview.redd.it/oeo1gwi8b2261.png?width=757&format=png&auto=webp&s=020d898b2e5510406e12f0c592e45af71917d3a9) + +[Great spreadsheet to keep track of things](https://preview.redd.it/cgvpyg4ab2261.png?width=1327&format=png&auto=webp&s=844177167b1bc9aff26d4dde7cd1b8d342ee6d84) + +[Tracks the p\/l in graphs](https://preview.redd.it/ejsjfejbb2261.png?width=1146&format=png&auto=webp&s=d48c18c81ef2a56511810878948a20bd764e6f82) + +TLDR: I am selling CSPs to create an income, and I will use that income to buy more shares / sell more CSPs. + +&#x200B; + +EDIT: Here is the Google Drive link to the spreadsheet. + +[https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing) + +\*Create a copy and save it to edit it in your own drive. Enjoy! + +&#x200B; +I've had credit card debt for way too long. Two cards, one at about $3,300 and another around $4,600. And I took out a $10K loan for a 4Runner a few years back that I probably shouldn't have. Long story short, the car was pummled by hail in the spring, and totaled out. The insurance company called it a complete loss and cut me a check for $13,500 (which I thought was overvalued, but aparently they're worth way more in Colorado than in Illinois). + +I used the money to pay off the rest that I owed on the car ($5,600), and my two credit cards. I've been riding my bicycle since they took the car away, and am feeling physically and mentally great. The check just cleared and I wiped out all three debts within five minutes. I feel so liberated. Now I just have to put all that money towards my student loans, and anticipate being debt free within three years. + +I do want to say that subscribing to this forum kept my mind in the game regarding a debt free life. I've been chipping away at these debts, but this windfall was amazing and I feel like I just took the cheat tunnel in Mario to skip a few levels. Not having a car will be tough for a while, but luckily I can share with my wife when I need it, and ride my bike the rest of the time (13 miles round trip to/from work). + +Thanks PF! + +Edit: lots of good points. One of the best was that I could have sold the car before the hail damage and walked away with the same deal. That’s true, and I think the real lesson here is that paying off old debts is more important than owning a nice car *if you don’t need said car.* +He has a net worth of $130m and that seems very low compared to some other investors, yet hes one of the most looked up to value invester along with Buffet, and Munger. + +Whats the hype around him in the value investing circle? +So my understanding is that Brazil is going through an economic crisis. They have high inflation (highest in the world last quarter), unemployment is rising, and there is less disposable income. To combat this they have to (already began to?) raise interest rates. The locals are dumping their stock, foreign investors are just starting to buy in. Additionally, gross government debt is 80% of GDP. + +All of these things have led to fear and subsequently, cheap prices. You can find companies making consistent profits trading for 3-7 times earnings. + +So, is it finally time to be greedy where others are fearful? I think if prices ever got that cheap in places like this in the US, they are nothing to scoff at. Look at when we had high inflation (12%) and negative GDP (-2.5%) in the mid 70’s. It led to what Buffett calls some of the cheapest prices he’s seen. He said it’s unlikely to see stocks that cheap again in the annual meetings. Of course, the recovery back to the top from this crash took over 10 years for most countries. + +So how are we feeling about Brazil? Too much political risk with an election coming up? Or just the right time to jump in when everyone else is slitting their wrists? +Like the title stated. We lost our financial controller early last month. He came to work early on a Monday, the week of his retirement and died at work. He was discovered by his replacement (the poor guy) when he got to work. When the rest of us arrived, the police and ambulance were there, and no one would tell us what was going on since we were sectioned off to one part of the building and not allowed to go to our offices. Then the coroner truck arrived and some of us freaked out, so our national director had to tell us what happened before it was announced to the rest of the offices in different states. That was done that same day an in-emergency Zoom call to all staff. + +He was 64. He was all about saving for retirement. We have a pension and an IAP plan that we make no contribution. We also have an unmatched 401K that I had just started contributing 15% to last Oct. I started at 5% and I've worked there for 10 years, and I am 45 years old. I had it automatically go up by 1% on Oct 1st because it's the day we receive our 3% yearly increase (union contract). The 15% was my maxed so there would not have been any more increases. Our departed controller told me that I should continue to at least 20% and so I changed the threshold to 20% so it will continue increasing by 1% every Oct. I do also have a Roth IRA due to this forum. This year contribution will be my 6th year. I've maxed it out since opening it 6 years ago. I am thinking of staying at the 15% and increasing my traveling budget. I'm just feeling very fragile since we lost him. He was so looking forward to traveling with his wife. It's a passion we both share. I go to 2 foreign vacations yearly and thinking of increasing it to 3 and gradually add to it. I have at least another 15 years, maybe even 20 before retirement and I don't want to put it off like he did and never get the chance. + ***A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history*** \- Mahatma Gandhi. ^(At POLYX we are determined to make history!) + +💯 The winner of the YEAR with the best community ever is here: POLYX!!! + +WHITEPAPER is now Live on Website 💯 + +Biggest auto-MATIC Reflections + DEX Platform in development! + +POLYX Token (PXT) is a token that looks to become the most extensive yield farming token in Decentralized Finance (DeFi) on Binance Smart Chain (BSC). PXT has a unique taxation system that rewards holders in Polygon $MATIC. + + +The unique thing about POLYX is that it dedicates a large percentage (7%) from each transaction to rewarding its holders. Holders of PXT will earn $MATIC for just holding. You will be earning while you sleep + + + + +With a fully DOXXED DEV and a hardworking team, the unique thing about POLYX is that it dedicates a large percentage (7%) from each transaction to rewarding its holders. Holders of PXT will earn $MATIC for just holding. You will be earning while you sleep!!! + +But wait! POLYX is even much more. POLYX is designed not only to become the biggest Polygon (MATIC) rewards token on BSC, It will also be the governance token on POLYXSWAP, a DEX platform with exchange/swap capabilities amidst other functionalities. + +TOKENOMICS: + +✅ 7% rewards in Polygon $MATIC for every HODLER + +✅ 4% LP + +✅ 4% Marketing + +✅ PolyXSwap platform with Pools, Farms and lottery integration in development. + +Our social media: + +Website: [https://polyxtoken.com](https://polyxtoken.com/) + +Twitter: [https://twitter.com/polyxtoken](https://twitter.com/polyxtoken) + +Telegram: [https://t.me/polyxtoken](https://t.me/polyxtoken) +I have been working for the same company for 2 years now. Every year you make at the company you have a review where you get a raise. Only people that work "full time" are eligible. + +The first year that I was working there, I was working "part-time", which really just means I didn't have benefits, because I was still working almost 40 hours a week. I started working "full time" when I made my first year, which meant that I did not get a review for my entire full year. It's been a year of me being full time and I had my first review and I left with a $1.5 raise. + +A couple of months ago I referred my friend to the job because we were short people. Long story short she has been here 5 months, and she found/was offered a job at another office for $6 more an hour. When she put in her two weeks to leave for the new job, my current boss counter offered her to match the pay for her to stay. So now my friend who has only been working there for less than 6 months got a $6 raise, while I only got a $1.5 raise after two years of working for this company. + +While I'm happy for my friend, I can't help but to feel cheated and undervalued. We technically have the same job, but I do more work than she does and I don't know what to do or how to handle this situation. + +Do I ask my boss to match her pay? How would I even bring that up? What if she says no? I'm just really lost as to what my next steps are.. + + +One main reason cited for co-op bank issues is the dual control and the fact that many operational aspects of them are under the state governments. Last year, RBI got control of the larger co-op banks. FY21 budget speech mentioned that this would extend to all co-op banks. An ordnance is likely to be passed to enable this. + +Source: [https://www.livemint.com/industry/banking/govt-decides-to-bring-co-operative-banks-under-rbi-through-an-ordinance-11592992900620.html](https://www.livemint.com/industry/banking/govt-decides-to-bring-co-operative-banks-under-rbi-through-an-ordinance-11592992900620.html) +What the title says. This high-market-valuation situation isn't going to change despite all the warning cries of value investors, until and unless the US gov stimulus stops and it begins to unwind/extricate itself from the financial markets & banks. So, my question is, how will that happen and what will The Great Unwinding look like when it does? + +• what is the effect on markets when bond/corporate bond-buying by the Fed ceases, and who loses and who benefits (this may involve tracking individual companies to short/buy based on their debt and credit facilities utilization)? +• what is the effect on markets when windows close on Cares Act related loans and grants, and who loses and who stands to benefit? What do we look for there? I've read an article that said no one knows what companies will actually be solvent and which will not because that info is currently hidden behind the loans and grants. +• what is the effect on markets when the window closes on Cares Act related unemployment benefits, and which stocks stand to lose and which stocks stand to benefit (bank/credit stocks lose & defensive Wal-mart style stocks benefit?)? +• what is the effect on markets if this new stimulus package proceeds, as they suggest it will, in mid to late July? +• how will The Great Unwinding of the most massive stimulus ever affect inflation and what are the factors that can tip us to inflation or deflation? (This is very relevant to me because investing in some foreign stocks as a hedge against a big inflation move of the USD is a part of my strategy)? +• what is the true risk of downside so long as the Fed and the US gov has its stimulus hat on? What factors, if they exist, could defeat the US gov's attempts to prop up market values during this time and are they so-called "tail-risk", "black swan" events like a new SARS-CoV emerging while SARS-CoV2 is still in pandemic mode? + +I don't know about anyone else but being on top of these questions seem more relevant to my investment decisions for the rest of the summer & early Fall than the things that value investors typically look at. As far as coronavirus infection factors, I think every investor is looking at those, so I think analyzing the stimulus and how The Great Unwinding might go down is the only thing I feel I haven't gotten a handle on. I think it would be cool if reddit get good at analyzing this aspect of our current market situation. + +Any suggestions? +I'm 26 and have no savings. I have, however, recently paid off my $80k in student loans. I make ~$85k. This is the first I'm really looking at long-term financial planning, so I'm in a little over my head. + +My parents have no savings and no other assets. They blew through everything, college funds included, trying to keep the house in the 2000's. They're 58, and my dad is the primary source of income, but his continued health is highly questionable. + +My parents still owe 50k for my younger brother's loans, plus whatever $1800/month is on the mortgage and any CC debt on top of that. There's a much-needed new car on the horizon as well. I don't know the totals, but I know it's nauseating. + +I don't really want to tackle their debt, having put so much effort into clearing mine, but I don't want to watch them struggle, either. I've already accepted that it's likely they'll move in with me eventually. + +How much should I start saving for them (without being too stingy) so they can be comfortable, but without completely messing up my own/potential future family's finances? + +I figure if SS is enough for their groceries and whatever personal expenses/bills they might have, then besides housing I need to have a float for medical costs and probably something to supplement their spending money. + +Also, any basic recommended reading would be helpful. +A buddy of mine asked to come stay with him over the weekend in a city about two hours away. Having nothing better to do I agreed. In the past it's been going out for beers, pub food and a normal weekend of expenditures. But recently the trips out of town have gotten more and more expensive. As I was about to leave he said to bring a Blazer, which I only have a suit from a wedding. When I asked why he said we are going out to so and so place for brunch to meet some people and the require a jacket to get in. Well I looked the place up and the first thing on the menu is a 30 dollar stack of pancakes. It's not that I can't afford it, but that I don't want to. What is the best way to deal with hanging out with people who make double your salary without sounding cheap. +Hello, + +Had some good feedback on my last posts here. Wanted to share some different dimensions of vols. If you're looking to collect theta on any of these names, hopefully these visuals can guide you towards the juicier strikes, and steer you away from the lower vol strikes. + +&#x200B; + +**VIAC** + +As some earlier threads mentioned, VIAC upside options are extremely expensive. Here's a visual of the Apr 23 strike vols, compared to Sep: + +&#x200B; + +[VIAC Skews](https://preview.redd.it/guh6evnut6s61.png?width=1360&format=png&auto=webp&s=0c5b91525434d1f98794cee18045dc5af40f6cf8) + +It might be tempting to catch a falling knife with a pillow by selling downside VIAC puts, but keep in mind that customers have been doing this for a while, depressing lower strike vols. Additionally, buy-the-dippers have been loading up on upside calls, hoping for a bounce back. + +&#x200B; + +**PLTR** + +[PLTR June and Jan skews](https://preview.redd.it/wmxs2sx8u6s61.png?width=1334&format=png&auto=webp&s=d4465b47b78bd08747a2e8546d0babc57e7c6175) + +Nothing tooo crazy in PLTR, call skews have been juiced for a while, came back down in the backs ([sold it a few weeks ago](https://www.reddit.com/r/thetagang/comments/m75u11/capitalize\_on\_high\_pltr\_call\_skew\_collect\_decay), will have a trade update on this one!). and has rallied a bit recently in the fronts in anticipation of the Double Click event next week. + +&#x200B; + +**ARKK Skews** + +&#x200B; + +[ARKK June and Jan Skews](https://preview.redd.it/h60xco9su6s61.png?width=1334&format=png&auto=webp&s=5faadc7b7bf167168baa748f8b71f35b89b54e4c) + +ARKK isn't one I've followed for a while. But it was interesting to see that ARKK has the cheapest upside calls. For correlation reasons, ARKK should have cheaper calls / more expensive puts than the average of its holdings. Either way, ARKK upside calls *seem* cheap, but its tough to quantify this without some more info on implied correlations. Maybe this is something I can keep track of in the future. + +&#x200B; + +**TSLA** + +Now, the juicy one. + +&#x200B; + +[TSLA June and Jan Skews](https://preview.redd.it/fnhhfff4v6s61.png?width=1346&format=png&auto=webp&s=2ea65d0c171000be1756352dc32ef4b3e0cfc06a) + +TSLA June 800-1000 strike are continues to be extremely depressed, as institutional sellers have been pounding this area. I put on [a trade](https://www.reddit.com/r/thetagang/comments/mfbn0x/tesla\_skew\_slopes\_diverging\_across\_time/) two weeks back to capitalize on cheap June calls, it's up small on gamma pnls and was up small in vol terms, but has come back and the distortion has continued to expand. Might find a way to put on more of this spread, if possible. In TSLA, long dated vols and downside puts in May and June seem to be the best things to sell. Stay away from selling mid-dated upside, it's a little too cheap compared to the rest of the chains. + +&#x200B; + +&#x200B; + +**Here are a few top tech names' 1-standard deviation up call volatilities minus the ATM vols** + +&#x200B; + +[Tech Skews](https://preview.redd.it/wy5rrg6xv6s61.png?width=1340&format=png&auto=webp&s=5dff1d42eac119dc2d27b57b2f2bdf757e96833d) +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||!> +I find it odd that one of the criticisms of Keynesianism is that it led to the high unemployment and high inflation of the 70s in America and failed to recover the economy efficiently. Of course, the 70s were a tumultuous time for the American economy, but that was largely because of the oil crisis and policy responses which made things worse (combating a negative supply shock with high interest rates). + +Now, I will concur that a shortcoming of Keynesian economic policies leading up to the 70s was it's unawareness of monetary policy- the rigid interest rates ignored inflation and other economic trends. However, it's unfair to blame the economic crises on this aspect (especially as the fed started increasing nominal interest rates from the early 70s). + +Taking these factors into account, it only seems fair that Keynesian economics be exonerated against its stagflation-causing accusations. So why is it still criticized for it? Is there any merit to the criticisms? Are there factors that I'm failing to see? +I recently got into economics and while studying the Solow model, the main conclusion I got is to maintain economic growth technological progress is required. As far as I know, this crisis has led to increasing technological advances. + +In so a question has been bothering me, after we reach steady-state, would the economic growth be higher because of accelerated technological progress? Or is my reasoning flawed? +Hi, I'm new and i don't know if this site is the right place for this., please warn me. I am starting economics education this year and I expect your advice for it. what can i do to be good in this science? Thanks to everyone who wrote! +A lot of charts I see of EUR/USD go back to 1979 even though (I thought) the Euro didn't become a currency until 1999. What's the reason for this? Did the Euro supersede another currency? And how was the Euro's initial value determined? Or did it just adopt the value of the currency it superseded? +After your learning curve which will take awhile the patterns will make sense, and you’ll be green when the overall market is red, or a certain sector gets wrecked. + +Volume and price action. +Trade like kings. + +GLTA +I'm not the type of person to display my wealth but wonder if I'm missing anything by not doing so. As a curiosity I've started looking a fine watches online and envisioned walking around the city in one. Would people take notice? Not that I'm treated poorly now, but would I be treated any better after someone glances at my wrist? If so, can people tell the difference between a $10K watch and one that's a $100K? + +I went from a Subaru to a Tesla and have had interactions with people I would have never had with the Subaru. People giving thumbs up on the interstate, asking questions about it in a parking lot, and seemingly being treated with more respect at a valet. All of these interactions were rather insignificant but had a lasting effect which makes me question what I'm missing by not showing off my wealth more. + +(I hope this post doesn't fall outside of the "relevance" rules but when I searched previous Reddit post about fine watches, they talk about watches under $10K and that's not the level I'm interested in discussing) + +Update: It's refreshing to hear that material possessions aren't necessarily opening doors to a better life. I'd still be interested in hearing any stories where it has. Apart from that, my interest in watches have quickly waned based on your responses. +For example, how much, out of the entire dollar value of the loans created in the US in 1980, was paid back, and how much debt ended in bankruptcy? + + +Edit: I would include not just bankruptcies but also loan forgiveness or any material adjustments to the original loan. And I'm not thinking about the rate or number of personal insolvencies, more along the lines of how much of the debt from central banks is paid back in full. +I was recently re-reading Dave Lauer’s jungle AMA, and the community’s reaction to it. The reaction was very negative, because Dave clearly stated that he thinks MOASS probably won’t happen, and all the reasons why he thinks that. He enumerated the doubts he had, and then received a flurry of attacks accusing him of FUD. + +Now, the point of this post is not to go over all of Dave’s points and argue them one by one. He has some valid concerns, but he’s drawing the wrong conclusion… + +# OF COURSE MOASS IS UNLIKELY, THAT’S THE FUCKING POINT! + +Here’s a list of some of the unlikely things that have happened to get us here: + +* **DFV and the beginning of the GME saga**….if one lone genius didn’t recognize the pattern of abusive short selling that was going on, and figure out how to turn it back on the short sellers, none of us would be here. +* **The existence and survival of Superstonk itself.** This community has faced many existential threats, and has survived them all. Many of you don’t remember or weren’t here for the craziness last summer. The red queen, renshill, and runic glory almost sunk us. The constant assault from bots, shills, and saboteurs has been a battle from the start, and somehow we’re still here. +* **The DRS movement** is utterly remarkable. The odds of it gaining and maintaining the momentum it has over the past 10 months is EXTREMELY UNLIKELY. Especially because we’re not an organized group, there’s no central authority telling apes what to do, and there was no reason for this movement to take off the way it has. +* **The vision and actions of Ryan Cohen.** Where else on earth would you find a guy like this? Any other chairmen out there playing infinite-dimensional chess on a daily basis? The challenges RC faces, and the courage he has in finding creative solutions to them, is unlike anything any executive has ever done before. +* Ever hear of a **Black Swan**? + +*If MOASS were guaranteed to happen, then it wouldn’t be a big play, now would it?* + +*Likelihood* and *inevitability* are not the same thing. Something can be unlikely…and still be inevitable. MOASS is unlikely. MOASS is inevitable. + +# We will have EARNED our tendies because we’re retarded enough to believe in a low probability event happening. + +# We are the ones who read the writing on the Wall. + +# BUY. HODL. DRS! + +🚀🦍💎😂🙌 + +&#x200B; + +**Edit**: Oh crap, this is kinda taking off. I gotta go to work, so please just be civil in here, okay? Don’t make a mess while I’m gone. Be respectful of other’s opinions. Be excellent to each other. + +**Edit 2**: Nooo, stop, I just wrote this while I was pooping. Didn't think this through. Apologies to u/dlauer for throwing him under the bus, that was not my intention. My message is that everything is fucking fine, everyone needs to take a deep breath, be zen, and stay calm. Be patient and compassionate. Solve problems TOGETHER. Listen to Dave's points carefully, don't attack him for saying them, and then calmly do research on how to solve them. BE EVERYTHING THAT OUR FOES ARE NOT! If we are to get our tendies and inherit the responsibility of wealth, we cannot become what we hate. Love one another 🙏💖🕊️ + +**Edit 3**: I love you, Victor. Boom. + +**Edit 4**: For those who have been asking for the AMA link, I won’t provide a direct link for brigading reasons (remember when reddit admin almost shut us down? Pepperidge Farm remembers). However, if you go to Dave’s profile and look under his posts, it’s near the top. (Mods, please tell me if I need to remove this edit - will happily do so without taking down the post) +A little bit of context: my flight was cancelled due to COVID19, I filled in the form to request a cash refund approximately a month ago and until yesterday the only emails that I had gotten were saying that I had to wait as there was a high number of refunds that needed to be processed. + +Yesterday, a few hours after reading this [post](https://www.reddit.com/r/UKPersonalFinance/comments/g37odt/ryanair_delaying_refund_by_giving_credit_then/), I got a similar email, basically saying, we have ignored your request for a cash refund and we are giving you a voucher. If you want a cash refund, speak to us on the chat. + +After waiting in the queue of the chat. I get the following message regarding why I haven't been offered a refund and why they can't tell me when it will happen: + +"*Please note that as our payment agents are required to stay at home in the fight against the COVID-19 pandemic, payment security restrictions prevent us from processing cash refunds until the COVID-19 crisis has abated. Your voucher will be valid until the refund is paid"* + +I answer that I will then issue a chargeback to which he answers: + + "*In case you do issue a charge-back through your bank account you might be banned from Ryanair, I am afraid. I advise you to wait until the refund is processed."* + +I don't really want to be banned from Ryanair, do you guys think they will actually go through the ban? +The CEO of AMC, Adam Aron, just sent out a Tweet confirming that they will also accept ETH, LTC and BCH in addition to BTC in all of their theaters by the end of 2021. While I don't think this is going to make any of these coins do any parabolic movements as a result, to me this is just another awesome step in the global adoption of crypto as a whole. + +https://preview.redd.it/c3bhyctaprn71.jpg?width=1125&format=pjpg&auto=webp&s=e1db14028c841776a22a9858e5872e6d53f78e88 + +From the Tweet: "*Cryptocurrency enthusiasts: you likely know AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.*" +Hello everyoneAfter the craziness of this week and heavy losses (lost like 4% of my account this week alone) , I was trying to find something to focus on and realized **I could share a table I had created a few months ago comparing different brokers** when I moved out of Robinhood. + +&#x200B; + +https://preview.redd.it/un2qhqw7kje61.png?width=1787&format=png&auto=webp&s=870b969d1d281a60006f676f72e031d80238f975 + +To view the table with all the links in full detail, [please just directly visit the notion page](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7)(if the screenshot is not sufficient for you). I also expanded the page which is linked here : [https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7) to provide additional details such as + +1. Things to remember before you start the process +2. How to do the process + +and a few other thoughts which I thought might be helpful. + +In the table, I basically added the brokers i thought are the most common, but if there are some ones which are missing, please let me know and I'll update it later. + +**EDIT 1** : Added details for schwab, fidelity and E-trade and fixed some discrepancies in the data and missing details for IKBR. Also updated the screenshot.Also added a FAQ about common questions + + +**EDIT 2 :** I know i missed a few other brokers, if you want me to add them, please send me a message with the name of the broker and the details so that I can add them to the table. + +# Frequently asked questions + +1. **Which is the easiest user interface for me to get to used to** \- This is a personal opinion and I would say based upon my analysis of the platforms, [Webull](https://act.webull.com/vt/QSbEePifonrc/ek4/inviteUs/) and [First trade](https://www.firstrade.com/content/en-us/promos) are your closest options. +2. **Which ones provide crypto** \- Based upon my research, your only options are webull and tradestation +3. **Which ones have the best customer service** \- I use TD Ameritrade (thinkorswim) for my day trading, Schwab for my IRA and Fidelity for my work based 401K and all have excellent customer service. +4. **How do I actually do the move** \- If you click on the notion link [https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7](https://www.notion.so/Moving-from-Robinhood-to-another-broker-3fcf510b4a964df584a244c26266c4b7) and scroll to the bottom of the page, it will specify details on how to transfer and the things you should be mindful of. +5. **I need free shares or a signup bonus** \- Scroll to the bottom of the notion page and i added a section for the ones which I know offer free shares or signup bonuses +6. **How much time does it take for the transfer** \- seriously read the notion page, but it can take from 5-14 days for everything to transfer over +7. **Can I trade during the transfer** \- No, your account gets locked out so be mindful of that. +8. **Is there a transfer fee** \- Yes, Robinhood charges $75 for a transfer but you can reach out to the customer care team after the transfer and ask them to refund it (please read the notion page, all of this is mentioned there) + +# Please dont spend money and give me awards. + +If you do want to spend money, please support these guys - [RobinhoodNYC which is an anti-poverty non profit](https://www.robinhood.org/) + +https://preview.redd.it/edo7l703wie61.png?width=1309&format=png&auto=webp&s=4c654b8a2f81570ce7acf2300a75679d98086b2a + +They are **unfortunately getting the brunt of the robinhood fiasco** and i know their CEO even got death threats which is ridiculous. They are a fantastic non profit. + +Good luck in these wild times. +Literally every male that I know now, since lockdown, considers themselves stock traders. Most of them are making considerable money. Even my friend Charlton is making money and he doesn't even own a laptop! 100% on the robinhood app. + +My question. What are the possible long term ramifications of EVERYONE becoming a trader? We can already see the market decoupling from the economy for example. + +Logically I can't imagine the system supporting this amount of financial manipulation forever (but anything is possible). It's worked for decades because only financial institutions and hedge funds participated in these activities. What happens now that retail traders are entering the market in such large numbers. + +. +Title is pretty self explanatory, I’ve been pretty interested in trading for awhile now. Have been watching videos, reading articles, subreddits, etc. I’m smart enough to know not to jump into something like this head first with no knowledge from the information I’ve gathered on how brutal this can be. So to start, I was just wondering if anyone would help me out with tips, where to start, what to study/practice, maybe point me in the direction of some valuable/realistic information... whether that be videos, articles, free/affordable courses , comments, or just PMing with your own experiences & lessons.. maybe a form of mentorship. Not expecting anything but doesn’t hurt to ask. Any help or insight at all is much appreciated. Not looking to become rich, just a livable income one day. I currently only make $13 an hour at my job- I know lol. So even profits of $80-$85 a day, one day, to match my job would suffice for now. But I know I’m a long ways away. Thanks :) +I’m 20m +I'm hoping this post is allowed in this sub + + +So, i was thinking which would be the best way to optimise credit cards for cashbacks. + +1. I have ICiCI cc for all Amazon transactions, i get 3% cashbacks.I do all buyings from this site and as there is no yearly charges it doesn't affect me when I have dry months. + + +2. In a year I do 20-30k in flight fares on outside platforms (i don't get any cashbacks for it) + +3. Transactions on suiggy zomattio are mostly cod + +4. I make payments of the credit card bill. + + +Is there any way I can get cashbacks for #2 and #4(any other options than cred, preferably cashback by bank itself) + +Just a note, in no way I am of the philosophy of getting multiple cc or purposefully making transactions for cashbacks. I have limited expenditure and was wondering if other people have multiple credit cards or any thing they do to optimise their spendings + +Thanks in advance! +36 married with 1 kid (we're considering more) +8M net worth (5M invested and 3M equity in a 4M home). We rent the 'guest house' on our property for about 50K/yr that nicely covers our housing costs. Could easily downsize to 2M in a less trendy neighborhood and be equally happy. + +Earning 600-700K and my partner earns 150k, not that we need it but we both stand to receive low 7 seven figure inheritances one day but we decided to not factor that into any of our decision making. + +Total cost of lifestyle currently is about 150k and especially since my partner wants to keep working (but even if they didn't) I'm confident I could pull the trigger on a fatFIRE now. My partner is completely supportive. + +I own my own consultancy business which I built from scratch over the last 6 years after leaving a job where I did exactly the same kind of work for someone else (and hated it) for about 130k/yr. I enjoyed the experience of building the business but while it continues to grow the money is no longer motivating and I'm both bored of the work which I no longer find challenging and tired of the stress. What's more every minute it pulls me away from my family I'm thinking to myself 'something is seriously wrong with my priorities'. + +The catch - the nature of my work depends entirely on me being the face of the business. I can easily find positions for all my staff but I can't count on them ever returning if I do. My clients will need to quickly head elsewhere and are also unlikely to ever return. If I do this, it is for good. The golden goose will be cooked. Also, going back to work for someone else is not a reality I am willing to face. + +What I'm struggling with the most is that I've been working without interruption since even before I left highschool. Had another business (tiny by comparison, but paid for my school) during college; I can't remember a time when work (whether I enjoyed it or not) didn't consume most of my waking hours. Life is short, I want to enjoy it but will being FIRE'd lead to me being happier for the next 30 years compared to the alternative? Looking to hear from anyone else who took the plunge at a similar age. How was the transition and how do you look back on it years later? + +EDIT: WOW I'm overwhelmed by all the incredible comments. Thank you everybody! To answer/address a few: +-I would gladly entertain selling my business or transitioning it off to an employee but it doesn't lend itself well to that; every contract is a one-off that is referred to me personally. Most clients would not be satisfied if they were asked to deal with someone else; I push hard to delegate as much as I can to my staff. Anyone who would be perceived as satisfactory in my place is already a competitor. There is a significant experience paradox barrier to entry, not entirely insurmountable but a real barrier it could take years to overcome. +-Cutting down hours sounds very appealing! I have been locked into the mentality of don't say 'no' to (good) new bueiness because that will cost you the opportunity to say 'yes' in the future. If pulling the plug is already on the table, what do I have to lose? Just booked off every Friday for a couple months, let's see if I can stick to it. + +@jovian_moon & @SnooTangerines240 thank you both in particular, you've given me a lot to think about. @jcarter593, excellent advice I wish it were applicable to me. +I'm from Europe and here we are told that if we must pick just one index fund for a long term reccuring investment, we shouldn't invest it all in a S&P 500 etf but into a ACWI etf. + +A provocative question I'd like to hear your opinion on: is Warren Buffet "stupid" to choose the S&P 500 index fund instead of the more diversified ACWI fund? I put stupid in quotes of course as he's known to be one of the best investor of all times. + +Why is it OK for him to invest everything he has into an American market but not for me? John Bogle also thinks investing more than a few percent of your portfolio in a World fund is unnecessary; the rest should be invested in the US market according to him. + +Looking at the historic performance of both indexes the S&P 500 index heavily outperforms the ACWI index over the last few decades. So why wouldn't you invest it all into a S&P 500 etf if you had to choose just one etf long term? Why is the ACWI etf a better choice? +Please help me. I'm currently a senior in high school. I've been accepted into all of my top colleges, but haven't committed yet because I was supposed to check how much money I would be able to get for school. + +All my life my parents would talk about how we don't have much money, and that the "FAFSA would be my make or break". + +Well I'm getting nothing from the government because my family makes too much. And now I'm hearing "fuck you, you're going to be 18, we don't need to spend anything on you". "Start apply to do community college, it's still college and you might be able to actually pay for" + +So now I'm really confused. I don't want to go to community college. I've been directly accepted into my major for all of my top schools. My #1 choice is going me 1/3 of the tuition already. And I've got a couple essays in the works for more potential scholarships. But, as I'm sitting, how the heck do I 20k for school? + +Any tips would be nice. I really need help + +edit: 150 comments in 3 hours, thanks guys. I saw some comments talking about "getting off my high horse and going to CC", yeah you're right that may be my only option but if I can go to *insert chicago city school* here I'd really want to take it + +little background information: Think of all the major downtown Chicago universities, both public and private, that's where I've been accepted to + + +part 2: Big question I should have asked as well. I know 20k+ per year debt is going to be rough, but how bad would 14k be? Maybe I can convince my dad to give me the money for the CC and pay the rest myself. + + + + +For example, if I can go to DePaul for 14K out of the 35k base price, would that be worth it/doable (depaul is just an option. also considering above average unis like UIC, Loyola, etc.) + + + + +edit 2: rereading this the quote sounds harsh without context, this blew up and I feel like I gotta say; I love my family and they love me blahblahblah so it's not like in necessarily toxic setting. but that quote still stands as our last conversation on the topic lol +This was the best sub I could think of and if there’s is an other one that’s better please let me know. + +So my dad came to me and shared his idea of pulling 300k from his 401k (accounting for taxes and not pulling 100% of it out) and use it as a down payment to buy me a house for around 400k if the housing market allows it come next year. He thinks there could be a crash. I kinda think so but I definitely couldn’t say. I already have a tiny place that I own and technically paying him back on right now. That part is a little complicated but the just is, my sister and I got a property together, she got the original house and my dad fronted the cash to build out little 700sqft place, and I’m paying back that money. + +He thinks it’s a good investment for me and my wife to be set up after he’s gone by having a home and renting the smaller 700sqft as a passive income. He has other money tucked away so it won’t effect him. + +Besides attempting to buy a house here in California, is there maybe other options to consider investing property wise? I just want to have other avenues lined up if he wants to invest if nothing opens up in our price range. + +Edit: I just wanted to ad for those still looking, he isn’t looking to do this any time soon. This was just an idea to implement maybe next year before he retires. If it happens it happens because it will come down to something becoming available in that small budget range. + + +Looking for some financial advice. 33 year old male. I work full time and make around £1900-£2100 a month. i rent a flat that i live by myself in. I have an overdraft of £2000 that I basically live in. Rarely getting out it, and when I do it’s only for a matter of days. I would now like to get out that overdraft but not sure the best plan of action. Am I best taking a loan out and paying it back monthly? What other options are there. Im generally pretty clueless when it comes to thi stuff. Many thanks in advance for any tips or feedback. Cheers +... and I only hold one share. And as soon as my savings reaches an amount equal to a share, I'm gonna buy another one. Fuck the whole financial system. Let's use it against its self and make the world a better place! Stay excellent, and HODL. + +RIP HARAMBE. 🍌🍌🍌 + +"RIP RYAN COHEN" 🪦🪦🪦 + +edit: thanks you everyone for all the ENCOURAGMENT. This is why we will prosper as apes. Strong together, we are + +edit pt. 2 :. I just woke up to my reddit being literally blown the fuck up. Thank all of you so much. I've never had a post with more than 10-20 comments. I'll respond to as much as possible! + +edit 3: this is giving me so much confidence in our cause. Look how many of us there are! And all I can see is the people who are involved!!!! Hedgies r so fuk! + +Edit 5: I have never interacted with so many thousands of people!! This is amazing y'all! I love this place, UNITY OVER EVERYTHING. WE, THE APES!!!!! +I just received this email from Motilal Oswal: [https://www.motilaloswalmf.com/emailers/2022/index-funds/International\_Index\_Fund/Suspension\_Notice/index.html](https://www.motilaloswalmf.com/emailers/2022/index-funds/International_Index_Fund/Suspension_Notice/index.html) + +&#x200B; + +This is not looking good, when the email explicitly states that there is no clarity on when the limits will be enhanced. I am not sure what should I do with my Nasdaq100 ETF holdings, as it is almost 25% of my portfolio. Thoughts? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +The title says it all. I called 1800-323-4332 aNd it only took me about 7 minutes to complete the whole process. No computershare account needed in advance. This is the way. I'm proud of all of the apes who transfered before be. Now let's squeeze these fückers +🚀 🌙 +Hey all not sure if this is the best place to post but I wanted some advice. + +My landlord lives a few blocks away and goes on multiple walks per day starting at 6AM. + +He texts me constantly asking me to do things around the front of the property. I just replaced a 33 year old window that had a stress crack from age (his request). According to 2 separate professional opinions it was from age. + +Now he’s asking that I have them come back and take the window out because he saw fog in the window at 6 in the morning. + +I feel like I have no privacy here this is a weekly if not daily occurrence of him requesting things. +I’m new to actively trading, but not so much to stocks in general. And I decided to try it out on paper (probably like a year or so) before I give it a real go. I guess what I’m asking here, is that if I can learn how to consistently make a profit on paper, will that correlate to my actual trading once I step up to real trading? I would imagine that it mostly would, but I’m sure there’s factors I’m not accounting for. Any thoughts? + +Edit: The general consensus in the comments seems to be that it does indeed carry over, but in a limited way. Some people seem very opposed to the idea that paper trading is helpful, but I can’t imagine that it has zero value. Even if it’s a limited value, it’s still something and seems like a good place to start at the very least. +I'll keep it simple - I'm a mid-30s director at a mid/late stage startup (non-technical, if it matters). Virtually all of my conversations with my management are around organizational priorities and updates. I have not received any tangible developmental feedback in a long time. + +At this stage of my career, is it reasonable to expect any guidance to come from my chain? + +Is it even appropriate to ask, or does that makes me look 'weak'? + +Is this something I need to specifically identify a mentor for? + + +Understand this isn't 100% related to FatFIRE but figure it's an appropriate audience given the concentration of highly accomplished professionals. +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) +Aside from having an emergency fund, of course. + +Are there certain purchases, investments, or expenses that are more appealing, for example? + +Interested to hear from others that have weathered some storms! +I've found that selling puts has made me a lot less susceptible to FOMO. Back in the day if a stock was mooning and I had no position, especially if it was one that had been on my watchlist before it took off, I'd chase it. Now, I sell a put instead. Getting a piece of the action thru selling puts seems to cure my FOMO, and it helps me wait patiently for a good entry. It's basically like setting a limit order and getting paid for it. +In the many rent vs. buy discussions on here and elsewhere, people have such strongly held convictions, often based on an incomplete analysis. (They perhaps mention two or three factors.) + +This calculator nails it all...fees on purchase and sale, expected years of stay/ownership, your tax bracket, opportunity cost (editable % return loss) on down payment and on recurring costs, adjustable inflation factor on home values, expenses, and rental costs, and more. +https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html + +EDIT it's also in the tools wiki of this Sub. +EDIT2 paywall but a few free articles allowed monthly. +EDIT 3 yes might be slightly outdated due to changes in deductibility of state and local taxes and new standard deductions, but likely still close or perfect for most situations. High price homes in high tax states might be off due to “salt” limits Edit 4 and for homes under 300k give or take, or married couples with large std deduction, likely best to set marginal rate low due to higher std deductions now so unlikely to have- or less - benefit of interest and taxes. Would need to peek inside this thing to see how they calculate tax savings re std deductions, if at all +Look, I'm going to keep this as simple as my wife's boyfriend. I do not hold a negative or positive view about the new kid on the block, I'm just fearful about a potential rug pull and dodgy media narrative being spun. + +We all know what they tried with DFV and the last thing I think we need, at the 11th hour of the hedgies being fuk is some media outlet treating pulte like they do for the leader of the popcorn stock, AA. + +I think we all need to remember a few things: + +1: We are all individual retail investors + +2: We have no "leader" ( sorry daddy RC ) + +3: No one organises us and we don't move or invest as a group + +4: We just like the stock + +5: Buy-HODL-DRS + +Edit: I'm seeing alot of people calling this FUD or an attack. It's not, I just know we are close. So close to MOASS I can almost taste it. I just want us to all remain vigilant ❤ + +Edit 2: Thank you to all the like minded, fellow individual investors xx +We are looking in to Thatcher School for our 2 social and independence loving children. We are moving to Ojai so Thatcher is our top choice. At MOST we would want to be a helicopter ride away but driving distance is much preferred. + +For those who have gone or sent their kids to boarding school: + +what did a typical year look like? + +Do you feel you got enough interaction with your children/parents despite living away during the semester? + +How often did they/you visit home on the weekends? + +Were there ever times your child/you chose to stay at school on weekends/breaks? + +Did you/your child feel like they were well taken care of and comfortable during their time there? + +What boarding schools would you recommend and which would you avoid? + +Any other things we should know or questions we should be asking? +Because I am willing and able to buy all the bitcoin ever mined at 1 cent each. So the next time a bitcoin skeptic brings up the bitcoin going to zero argument just let them know that a random reddit guy on the internet said that he will not let that happen. + +Edit: thanks for all the love and support Reddit family! Looks like we made it on Cointelegraph. + https://cointelegraph.com/news/bitcoin-to-zero-not-while-this-redditor-has-187-000-to-spend +It’s highly likely that I’m just seeking validation. 41M, NW > $5M, W2 > $1M, with a comfortable path to FF somewhere between $12M and $30M in the next 8-10 years. Maybe > $50M if I keep climbing the ladder. 40 hours a week WFH with occasional travel and lots of time off and flexibility. Satisfaction wise, work is about as satisfying as being a small fish in a very big pond can be. + +I could’ve only dreamt of being in this situation even by the end of my career if you’d asked me 10 years ago when my NW was zero and comp ~$100k. Up until now, I’ve kept my blinders on and charted a somewhat safe path. + +But here I am, sitting by the ocean, wondering if there should be another chapter in my book. Wondering if I should take a few years off and build that startup with 0.001% chance of success. Maybe it’s the melancholy induced by the predictability of the waves crashing against the rocks, or the vastness of this ocean perhaps. Lack of thrill? Purpose? Not sure what to call it. + +So I ask those of you who reached the point of having a comfortable path to FatFire and yet decided to wander off it - what was your motivation? How did your journey play out? + +P.S. - I am very happy, not depressed at all, and have a therapist (by choice) already who I see occasionally to stay in peak mental health. I also have good hobbies and a great social circle, but neither I’d want to spend the rest of my life on. +Not really the best when it comes to financial planning so I guess I’m really starting from scratch...wondering if you guys could give me top 3-5 things someone my age should be doing with their money! Thanks!! +I've noticed in the last few years a lot of people use "treating themselves" as an excuse to overspend. I agree that you should treat yourself! It's so much easier to live within a budget when you do, however, my tip is budget for this and don't over indulge! + +Personally, as a broke University student, eating out on campus once every two weeks is such a treat that I look forward to. Too often I see fellow students overindulging in things like fake nails and eyelashes (or male equivalent buying overpriced clothing/food/beer); treating themselves when they didn't budget for it and end up short on money. + +I think at all ages it's important to keep up a balance, I'm curious to know what other people's 'treat yourself' purchase is? +I day trade crypto(FUTURES forgot to add that in my title) at the pace of light with 20x leverage, Now before you come and say, woah woah woah, you gonna wreck yourself. I have been day trading for the past 3 months. I have tried it all, scalping spot trading for 0.5-1% gains(minus broker fees), margin trading. I was doing a 2:1 risk reward ratio(risking two dollars to win 1 dollars) because that is the only way you can make money in scalping super volatile markets like crypto. My win rate was 70-80%. but the 1 trade was making me lose everything. + +I have made all the classic mistakes, fomoing, overtrading, revenge trading, everything.I have watched countless hours of videos,(over 200-300 hours, I watch at 2x), read books and finally realized yesterday, what the hell I was doing wrong.Most of the stuff on daytrading online is absolute BS.Yes, you blow up your accounts, because you are impatient, just like I am, most people are impatient.So, can we use this character trait of ours to make money? After failing with margin for one more time yesterday, I switched to futures. Never tried futures before. I was using margin at 3x. Futures was easier, and default margin was 20x. Now I knew that in a couple of seconds I can predict where the market is going. I just need to get a decent enough entry and take anything in green. No Profit targets, nothing. Just proper clean entry and take whatever the market is giving me. So, I trade a good enough mid cap coin, (Gala Futures) and scalp for 1-2-3-6% within a few seconds. + +Since yesterday I did around 23 trades and my profit percentage was 16% yesterday and 17% today. + +Now I am testing this on a very small account (2 figures), but given the volume of trades happening, I bet the strategy can still apply to 3-4 figure scalps. You can use your intuition to advantage. I mainly short, because in crypto I can't trust long anymore. Whenever there is a upward trend it ends abruptly. I have traded over 1000 trades in the past 3 months. So, I know. I look at the 1,3,5 min time frames, and I trade in 1 minute time frames. The key is to not have any profit targets per trade since the distribution of profit is uneven in each trade. I just focus on getting a good enough entry and then as soon as I see some profit I close the position within seconds. Granted I could have made more if I could have held way more longer(a few more seconds to minutes in a few positions) but since I am a pullback trend reversal trader, there were times, if I had not acted within a fraction of a few seconds, I would have not made any green. Whenever I finish a trade, I take 5 minutes break because, the crypto market trend changes enough, to again get back into the similar position (I will get wrecked, if I trade as soon as the previous ended, because the trend would have changed in most cases). + +Thinking in terms of probabilities of entering the trade is my main objective and ofcourse then I have my risk target in my mind. I take whatever profit the market gives me. I don't care if the market goes down 3-4% in my direction within a few minutes, (I don't have fomo of making more profits). + +I will probably make an update within a month, after I start with a 3 figure position from tomorrow and see how that goes. + +But I want to tell you, that the reason most traders are losing is because they are having a fixed profit percentage, Yeah, sometimes having a clear cut goal is good, but I would say, have a risk defined( till how much % are you able to hold your position when it goes to the other direction, especially in crypto) and then take whatever profit you can get, once the trade turns in your favour never let it turn in the other direction. + +I will not advice anyone to trade futures or leverage, who have not mastered spot trading or margin trading at smaller leverage first and then you can apply these things, if you wan't. +I tend to do it everyday when marker open until market closes and I find it very stressful. I don’t think this is a good practice. Would be best to do it just once a month to track my portfolio value and check if something needs a rebalance/adjust ? Thanks +After a mostly middle class existence (<300K/yr), I earned $1m in 2021 and am on pace for $1.5M in 2022. I don't know how long it will sustain. Hopefully a few more years. Who knows. My biggest expense is tax, and my family burns about $10-15k/month. + +$500k in 401k + +$750k or so in real estate equity (non liquid) + +I have about $1M in cash. In the last year or 2, I'm able to save about 50-70k/month in cash after spend and tax. Since this amount of savings is new to me, I just keep it as cash. + +How can I get to the next level? Most asset classes seem top heavy (real estate, markets). I'm sure a lot of you would just say that you can't time the market, but most analysts aren't very bullish at the moment. +My wife and I have been planning on buying a bigger house for some time now. The plan was to buy one when I top out my income at UPS next year around April, and I will get a $10/hour raise. + +The other day my brother was talking about refinancing his house because rates are so low right now. Which made me think, should I wait till my raise still or should I take advantage of the current situation? Which option would get me the most house for my buck? + +Edit: I guess I should also mention that we're going to be looking in the 300,000 to 400,000 range. my area is fairly rural and we are looking for somewhere out of town with some land away from most people. +Futures were lightly positive. Then bloodbath: DOW -1000pts, NASDAQ -4.9%, etc. Only indexes that were positive were China, Taiwan, and Nikkei. The VIX was at 30%+. Europe’s STOXX 600 saw it finally inheriting the headwinds from US -> China -(to finally)-> Europe. + +Now with the mkt closed we see DOW, SPX, NASDAQ all positive. The VIX is only 3%+. + +Curiously, the massive comeback across US Equities started at 12:00. Had a pull-back at 13:45, and 14:30 the rally was back on to close positive. + +So what happened? I mean, even Chanos is long in this market. + +"The S&P 500 has recovered from an intraday loss of more than 3.98% only three times (since HLC data began in 1977): + +Jan 24, 2022 (today) +Oct 16, 2008 = down -4.63% and closed up 4.25% +Oct 23, 2008 = down -4.28% and closed up 1.26% + +- Bianco Research” + +I am an institutional investor and I am somewhat baffled. I mean, I thought the market was already irrational (and getting rational), but wow. I am lost for words. + +EDIT: Corrected Bianco Research date (Jan 24, 2024 -> Jan 24, 2022). + +EDIT 2: I can’t believe I have to explain this. This is “bar-talk” to me. Instead of sports, I wanna comment on today’s market session in a casual fashion. This is absolutely not research (jesus hell no). The fact I have to even state this is baffling too +Good morning everyone! Happy Thursday. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: MARA, RIOT, NIO, TSLA, GRWG, PTON, SPCE, FCEL, RBLX, AMC, VIR, AVEO, RSI, BMBL, SUNW, FUTU +* Gapping DOWN: GME, AMTX, KOSS, EYES, ORCL, HESM, YSG + +**Stocks Under $10** + +1. NVFY: Gapping up but couldn't find a catalyst. Seeing strong volume and price action in the premarket, just be cautious as it could get over-extended. Low float, so this could see some volatile swings this morning. +2. SIEB: Gapping up after reporting earnings. Seeing good volume and decent price action in premarket. Also pretty low float, so could see some volatility early this morning. +3. SPPI: Gapping up on lung cancer catalyst. Seeing decent volume and price action in the premarket. +4. PHUN: Gapping up on news of a partnership. Seeing strong volume and price action at the moment, I'll want to see if that holds up. +5. SLGG: Gapping up on news of acquiring Mobcrush. Seeing some weakness in price action at the moment, but I'll be keeping an eye on it to see if there's a revival before market open. +6. OGI: Gapping up on news of strategic deal. Decent volume in premarket, but could see some better price action. +7. KERN: Gapping up on news of an acquisition. Seeing strong price action at the moment, I'll be watching to see if that is sustainable. + +The market should open nice and green all around, with lots of stocks gapping up this morning. SPY is trading at a little above 392 at the moment, and we should see some strength today, maybe even a push to ATH. If SPY takes a step back and makes it back down below the 390 level, we could see some choppiness. Bitcoin is trading at around 56,800. Bitcoin-related stocks are up in premarket and I could see them having a strong day for intraday trading. Marijuana stocks are following the market trend and are trading higher in premarket. Gold and silver are also up at the moment, and oil continues its climb again. GME is down in premarket, but I'll be keeping an eye on it today. Stay patient and disciplined in your trading, and let's have a good day. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +My current 2 year contract was about to expire so I called Verizon to change it. I was told I could not change a thing because there was a credit hold on my account. I am a 30 year customer with a perfect payment record so I was shocked when I was told I owe Verizon more than $2,000. It took a 2+ hour phone call, multiple transfers and several 3 way conversations, until one Customer Service Rep took charge and refused to give up. This Customer Service Rep, after multiple tries, finally found someone in the Verizon Credit Department who was willing to listen to common sense and correct my account. My townhouse community's addresses are similar to apartment buildings, one overall street address per court then each townhome is assigned a unique unit number. My neighbor has the same "common" first name as me and the first 3 letters of our last names match (only 3 out of 9 for me). The Credit Department Rep told me that Verizon's fraud monitoring system used this minor name similarity to automatically assign my neighbor's outstanding accounts to me. It did not matter that my neighbor's outstanding accounts had different full last names, account numbers, unit numbers, phone numbers, SSN, etc. My fear is at the end of the conversation the Credit Department Rep. said this could easily happen again because a "computer" did the initial assignment. My questions are. Is this even legal? Is there anything I can do and/or anyone I can contact to prevent this from happening again? + +&#x200B; + +**UPDATE:** To answer some questions I am receiving and what suggestions I took so far + +I did check my Credit Report while on hold and it was OK. I plan to keep a good eye on it now. + +Verizon used to be Bell Atlantic which provided copper wire phone service so that is why I have been a customer for 30 years. + +I was lucking that SSN's were required because the Credit Representative asked for my last four numbers as final proof that the other accounts were not mine. They had a different SSN. + +Thanks to a link provided in the comments I emailed what happened to two Senior Executives. I got an auto reply from one saying they just retired and use this link for making contact. I went to that page and filled out an on-line form sending it to another senior executive. I doubt I will get a response but will update this post if I do. + +In both the email and online form I highly commended the CSR who was determined to get my account fixed. + +&#x200B; + +**UPDATE 2**: I'm Shocked, A person from Verizon's Executive Relations Office called me and left me a message saying they are so sorry for what happened to me. They were happy a CSR did finally help me and they will be notifying their manager about my positive feedback and compensation. Finally they left a phone number and asked me to call them back tomorrow so they can talk to me about my experience. I will update this post again after this phone call. Personally, I give Verizon credit for responding to my email so quickly. + +&#x200B; + +**UPDATE 3**, Before I report on my conversation with the "Executive CSR", I wanted to add more detail on what happened, I think it is relevant now. + +I called Verizon support to update my plan that was about to expire. The initial CSR began to make the changes I wanted then told me they could not because I had a Credit Hold on my account. I asked why, I always paid my bills but the CSR had no idea. This CSR then contacted the Credit Department and we had a 3 way conference call. The Credit Rep. was no help at all, she said I could not change anything on my account and I could have my services cut because of the amount of money I owe. I told her that I have never seen these charges on my account, on-line and never received a bill for them. She did not care. Then whenever I tried to ask a question she kept repeating I had only 3 choices, pay the money, contact the billing office or something else (I forgot what this was). I kept asking her where did these charges come from but she would only respond with those 3 choices. I asked her to review my account and I kept getting the same response. Then she accused me of not listening to her and interrupting her. Finally I got so frustrated I had the CSR forward me to the billing department. While on hold with the billing department I got cut off. I called back and finally got someone from the billing department. This person could not help me but then conferenced in a gentleman from some department who would at least answer my questions on what the charges were. He gave me the account numbers, the amounts, the years (2003 and 2012) and the address associated with the accounts. But neither the billing rep. or this gentleman could remove my Credit hold. I was then transferred to the Fraud department. The Fraud department asked if I had my identity stolen and if I thought my neighbor did this to me and I said no. Then they said they could not help me because it was not fraud. I was again transferred back to billing who could still not help me so I was transferred back to a new CSR. This CSR listened to me, looked up all the accounts, and immediately said it was common sense that I was not responsible for these charges. He said he could clear this up quickly but was unfortunately over optimistic. He then called the Credit Department and got the same Credit Rep. I originally talked to, she gave him the same answers she gave me previously and refused to help. Then the CSR got his supervisor involved and that did not help, then I think he even went higher up the management chain trying to figure out how to help me. The CSR kept assuring me he will get this solved but was obviously getting frustrated. Then he and his managers decided to call the Credit Department back hoping they would get someone else other then the Rep. we previously dealt with. Luckily he did and again I was involved in a 3 way conference call. This Credit Rep asked me a few questions and the final one was, what is the last four of my SSN. Once I said it I was finally believed and the Credit Hold was removed. But that is when I was told this could happened again and the first Credit Rep was just following company policies and procedures. + +&#x200B; + +**My conversation with the Executive Customer Service Representative:** + +I got another apology and was again told that the CSR's manager was notified about my compliments. My case will be sent to the Fraud department for review but she could not assure me that this would not happen again. She said that what happened to me was very rare. I did not agree with this but I said what really bothered me about this whole situation was I was treated like I was automatically guilty of fraud and if the initial Credit Rep. just looked at the accounts and used common sense this could of been cleared up quickly. I was told they have standard policies and procedures that must be followed. + +I then explained in detail everything that occurred, which I explained above. None of this seemed to matter. + +I then asked if this hold could affect my Credit Reports and was told no because they only report to Credit Bureaus when accounts are closed, this reporting is done by SSN, and the outstanding accounts had different SSNs. + +I then asked if what happened could be added to my account and was told it could not be added directly to my main account but was added to my Credit Account, But I said since the Credit Department was the department that was the least helpful and they found me guilty immediately, I do not have any confidence they would help me in the future if this happened again. I then got the standard answer they have policies and procedures they have to follow. + +I then asked her to send me an email documenting everything she said and asked if I could contact her directly if this happened again and I was told no for both requests. I would have to follow Verizon's standard policies and procedures and call the normal customer service line initially. And at one point during the conversation she began to imply that the CSR who finally helped me could of done better if they followed their standard policies and procedures. In no way did I believe this and I did not want to get this CSR in any trouble so that is when I moved to end this conversation. Basically, this conversation only made me more angry. + +**My Next Step**: I really like Verizon's Services, I previously had both Direct TV and Comcast and I never want to go back to them. This was the first time in 30 years I ever had any issue with Verizon, even though I was not very unhappy with what happened, I plan to stay with Verizon for now but keep all my documentation, emails and continue to check my Credit Reports periodically. + +**Finally**: I was shocked this went Viral, sorry for the length of this update, and I want to thank everyone for your assistance. + +&#x200B; + +**WAIT....The Executive Customer Service Representative just called me back:** She was just notified that the Fraud Department has permanently disassociated my account with 3 other outstanding accounts. It looks like there was even another account on top of the two I knew about. I asked for an email documenting this and was told yes. I did get the email + +&#x200B; + +&#x200B; +With the crazy btc run (eth’s too), it has me wondering if eth could reach this value within 5 years. While this is obviously unknown, given what you do know, are you confident this is a realistic *possibility*? Been on board since March and hodling for dear life. +I wasn’t sure what the best sub to post this in would be, but I wanted to get the word out! My wife is a teacher and is required to have Microsoft Office on her laptop. We bought her a new laptop for the school year and, while at Best Buy, the salesman was telling us that the only way to get Office was through the yearly subscription. I thought that didn’t sound right, so I decided to do some digging. Sure enough, if you go to https://www.microsoft.com/en-us/education/products/office and have a valid school email address you can get Microsoft Office free, for the duration of your schooling or teaching career! + +Hope this helps all the teachers and students out there! + +Edit: A few people have also recommended LibreOffice, which is another free program, thought I’d go ahead and provide the link to that as well! + +https://www.libreoffice.org/ +Sorry am an amature. What is vwce? Is it safe to invest in it? Can i add a monthly amount into it? How are the returns? What other options do i have for a monthly investment? +Tesla Inc (TSLA.O) top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company. + +Tesla's shares fell 5% to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped Tesla breach $1 trillion in market capitalization. read more + +Musk tweeted late Monday, "If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet." + +"Hertz deal has zero effect on our economics." + +Tesla and Hertz did not immediately respond to a request for comment. + +Interim Hertz Chief Executive Officer Mark Fields had told Reuters last week the order will primarily include Model 3 vehicles. Considering Tesla's cheapest Model 3 sedan starts at about $44,000, the order could be worth about $4.4 billion, if the entire order were for the mass-market sedan. + +"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers," Musk said. +Basically the title. The biggest concern for retail investors is: what if the system doesn't play fair during MOASS? I often hear an argument that if the government interferes during MOASS, then the entire world will lose faith in American markets and this will lead to bigger problems for the status quo. My counter-argument here would be that no system will enforce rules and laws that lead to its own destruction. Moreover, the current people at the top are scums of the highest order. They will not shy away from sinking the ship if they can no longer be the captain of the ship. By the time good people take the reins of SEC, DTC, DOJ, etc. it might already be too late. + +Let me start with some assumptions: + +1) Paperhands have taken their profits and this has caused a few SHFs to go under. + +2) Shady retail brokers have gone under. Retail investors at these brokers have received some tiny insurance money in exchange for their priceless assets, which they should have ideally DRSed. + +3) All remaining entities on the short side of the bet (large SHFs, large brokers, Market Makers, Prime Brokers, Clearing Houses, DTC etc.) have been liquidated, but there isn't enough money in the pot to buy back all counterfeit shares. + +Let's say the government steps in and forcibly buys back all DTC shares (legit or counterfeit) at 100k per share. I am using 100k because 100k * 100M = 10 trillion, which seems like a number that would cause a lot of social unrest. + +It is obvious that GameStop would leave DTC after this. There will only be two kinds of shares remaining: + +(1) DRSed shares at ComputerShare (owned primarily by retail and company insiders); and + +(2) DTC shares that are fully owned by the government. + + +What happens next? + +**The price of DRSed GME shares will shoot up by at least 10x** + + +Why? Because the stock would then be seen as a *store of value* play. + +If there's one thing wealthy people don't like is when government uses its overreach to assign a value to an asset and forces a sale on it. They fear that their wealth will be taken away arbitrarily, so they will want to invest in an asset which can no longer be fucked with. Having lost faith in DTC, they will be looking for decentralized exchanges, for instance. + +If you think that the above scenario is too extreme and is not possible, then I have some bad news for you. The US government used Executive Order 6102 to seize almost all gold from its citizens back in 1933 during The Great Depression. See the wiki page for more details: https://en.wikipedia.org/wiki/Executive_Order_6102 + + +Coming back to GME, if the government interferes with MOASS, then it is pretty much a guarantee that there will be a huge demand to buy all remaining DTC shares through ComputerShare, and this will drive up the price insanely. The proceeds of these DTC -> CS sales will go to the US government, which they will use to soften the blow from the forced buyback that they did earlier. The primary buyers of the remaining shares at ComputerShare will be semi-rich apes (whose DTC shares were force sold) and some rich fucks who have a lot of money sitting around. It would be near impossible for a FOMO retail investor to join the party simply because they will be priced out. As soon as DTC shares get exhausted, GameStop will move the stock to a decentralized exchange that they own. + +**Moral of the story** +No matter what happens in the future, your DRSed shares are not only safer than DTC shares, they might actually be more valuable. + + +---------- +My choice of using the number 100k per share is guaranteed to annoy many of you. I stand by it because I don't like counting on the government to do the right thing. I was initially thinking of using 10k per share, but then was like - America's reputation as a "free market" is definitely worth at least 10 trillion. + +Also Mods, can I please have the flair "Wet Blanket Ape"? Lately I have been getting called a shill for my negative posts, so wearing this flair should ease some tensions. Also, I strongly believe that the sub needs some cautious optimism to keep expectations in check. + +Edit 1: someone questioned me why I don't fully believe in MOASS. I currently place a >99% faith in MOASS. I am leaving a tiny gap just to be open to new information. We have popcorn apes who fully believe that their stock is gonna MOASS, while we know that it's a trap. I don't wanna be like a popcorn ape. +I keep on top of my credit score pretty closely. I check CreditKarma at least once a month, and validate it by logging into MyEquifax to see the score offered there. + +I just applied for a new car loan, and - despite my published Equifax score of 780 - was surprised to be offered a rate lower than the rate reserved for "excellent" credit. When I asked the lender about this, they said my score was 670. I called Equifax to find out why they were vending a different credit score to the lender than to me. + +Evidently (and maybe I'm just late to understand this), there is no such thing as a "credit score". The score published by Equifax is their own model (which closely mirrors FICO), but *every lender can define their own scoring model*. This means that there's effectively an infinite number of models and no visibility into how you can increase your score against them. + +This is a rigged game, and carefully monitoring/grooming your credit does *not* necessarily result in a better score. +I went to an auction to look at a cheaper property and ended up buying a : +4br 2ba brick (1377 sq ft living space upsatairs) and full unfinished basement. +Has inground pool = 4k estimate to usable condition +Paid 71.5k plus 7150 seller premium = $78,650 +Tax appraisal = $119,000 + +1st mistake: Not realizing there was a added 10% seller premium for the auctioned property. Winning bid was 71,500 so added 7150 to the cost. 78650 out the door. + +2nd mistake: Not lining up financing. I am going to end up using equity on my house to finance 60k of it and then dip out of savings for the rest. Any ideas on better alternatives to this? + +3rd mistake: Didnt do my homework to properly check out house. I am worried about several things going wrong (heat pump, basement issues, pool, roof) and costing me too much for me to make money. + +4th mistake: Not knowing the tax implications of flipping a house. + +I will learn some things through this no doubt about that. But, I have realized now that my "ready, fire, aim" approach is causing me stress. + +I had a couple of very good deals in real estate and wanted to take another step but I am not sleeping well on this one so far. + +This house built in 60's and has hardwood all rooms upstairs except kitchen and 2 baths. Heat pump 13 yo and roof is not too far from needing replaced but hoping it wont be me doing it. + +Hoping to put 15k in it and sell for tax appraisal..if that works I would have $93, 650 invested and get $119,000 out of it. + +My worries are extra money for heat pump, roof, and/or repair for basement water issues. Dont know yet about these last things...these are the things keeping me up at night. +It's time to rollover my 401K into an IRA. I talked with an LPL Advisor and she said there would be a 1% annual fee. Doing some quick math, that would be thousands of dollars *lost* every year. + +She says that they'll make me the money for that fee to be inconsequential, but stocks are stocks and this has been an unfortunate year so far... + +*What do you all think?* + +**UPDATE for Clarification:** Thanks to everybody for all your replies! I should have made it clear that I have already retired at the first of the year. This rollover to an IRA is to get my funds out of the employer plan. +3 AERDROPS successfully given to HODLers already! only 2 weeks old! + +&#x200B; + +5 partner tokens already lined up to aerdrop to all coin HODLers + +&#x200B; + +The true DeFi technology of the future. You literally grow your portfolio just by holding AERDROP. This team is about to change the whole game and no one is seeing it coming. Be one of the chosen few to get in on this at the beginning. + +&#x200B; + +AERSTATION LAUNCH + +What is AERSTATION you ask? + +Aerdrop partners with new coins launching in to the BSC space, support them through launch, offer credibility by verifying the legitimacy of their project AND offer instant exposure to their large existing community of passionate hodlers. + +&#x200B; + +AER holders will receive a share of these 3rd party coins via AERdrops, which will be weighted relative to their AER holdings AND will be given the opportunity to become long term investors in a wide variety of exciting crypto projects from launch. + +&#x200B; + +This is a win / win situation, the partner coin gets instant credibility for their project, cross marketing opportunities and access to a large pool of crypto savvy investors. AER holders get early access to promising crypto projects at the ground level, FREE AERdropped coins AND the opportunity to choose to be part of many new community projects as they grow!! + +&#x200B; + +&#x200B; + +CG – Approved ✅ [https://www.coingecko.com/en/coins/aerdrop](https://www.coingecko.com/en/coins/aerdrop) + +&#x200B; + +CMC listings - ✅ Applied day 1 – Approval incoming any day now, traditionally a huge positive catalyst for defi projects + +&#x200B; + +Audit - ✅ Ongoing + +&#x200B; + +Detailed white paper - ✅ A living document, passionately written by the team of developers + +&#x200B; + +Dev doxxing - ✅ Scheduled for a 75M market cap milestone + + + +Aerstation platform - ✅ Bespoke platform currently under construction + +&#x200B; + +We know the AERFAM has something special, and we can’t wait for you to join us! + +Come fly comfortably with AERDROP! + +&#x200B; + +4% to redistribution + +4% to liquidity + +&#x200B; + +🔗 Telegram: [https://www.t.me/aerdropofficial](https://www.t.me/aerdropofficial) + +&#x200B; + +Website: [https://www.aerdrop.finance/](https://www.aerdrop.finance/) + +&#x200B; + +Contract: 0x1a6c2c3c52cd3cc21db2b8f2b331ca9c4780f1ee +With negative real returns and most traditional fixed income products (liquid funds, FDs etc) offering lacklustre prospects, all you salaried folks should seriously consider Voluntary Provident Fund (VPF) offered by your employer as a portion of your portfolio. It’s currently yielding 8.5% pa, with a lock-in period of 5 years and interest being tax-free. You can contribute up to 100% of your basic salary and dearness allowance towards your VPF. + +Chasing yields in the debt market by compromising on debt quality will not pay off as things stand now, with NPAs yet to be recognised on books. Equities might still pay off but future returns are surely going to be muted. + +With inflation hovering around 6-8%, VPF might be one of the last safe instruments offering positive real returns. +Howdy! + +I note there was a thread here a little while ago about payday lenders in disguise, including MyPayNow and BeforePay. Shocking stuff. + +I've been researching/writing about this since Oct last year, and made an appearance on a great article by SMH this morning if anyone is interested: + +[https://www.smh.com.au/business/entrepreneurship/up-there-with-pay-day-loans-calls-for-crackdown-on-wage-advance-apps-20210715-p589xm.html](https://www.smh.com.au/business/entrepreneurship/up-there-with-pay-day-loans-calls-for-crackdown-on-wage-advance-apps-20210715-p589xm.html) + +There is more detail in this little thread I wrote, including how proposterous it is that major television networks think it's ok to let quasi-payday lenders be major sponsors of prime-time shows, and the Gold Coast Titans bragging about being a part of what appears to be payay lending campaign: + +[https://twitter.com/Gabe\_Bernarde/status/1417313987251691521](https://twitter.com/Gabe_Bernarde/status/1417313987251691521) + +Lastly, I am writing a formal complaint to ASIC with a lot more detail and would like to get more data from people who have used the service. I put out a call on my twitter, would appreciate any updoots and retweets. + +[https://twitter.com/Gabe\_Bernarde/status/1417318442173034501](https://twitter.com/Gabe_Bernarde/status/1417318442173034501) + +Cheers! + +Gabe +I don’t have anyone else to share this with but in the past I used to struggle with spending all of my money due to a gambling addiction (that I’ve now overcome). Every time I’d put money in my savings I’d end up withdrawing it the next day and would gamble it all off, until I was sad, broke and the cycle would continue. Now I haven’t gambled in 6 months and I can finally look at my savings and be proud. +Moving to a new job means I lose out on the pretty decent MI plan I have in my current job. Ergo, I'm on the look out for a MI plan for my father who is 60+, diabetic, heart patient with a surgery a few years back. + +I understand there are a lot of nitty gritties involved and seek suggestions from anyone here who might have gone thru the drill recently. My few requirements/preferences - minimal waiting time for pre existing conditions, no pre med check up, minimal co pay, coverage >=10L. While this may push up the premium a notch, I think I'll be okay with it. +I paid 23$ a day for 2 packs of smoke. 23$...bucks...a...day. After 4 weeks, it's more than 600$ i would have spent on it. + +Proud to be out that unhealthy and pricey habit ! + +*Edit : For those wondering, I'm from Quebec, Canada ! :) This is why it may look expensive for some of you, I don't know if it's about the same price in the U.S or else ? Here I was at 11.50$ a pack.* +Homeowners in disasters that are recognized by FEMA can get a period of leniency from their mortgage servicer. + +The time period has not been decided on yet for Harvey, but during this period your servicer will not try and collect late payments, won't put you into foreclosure, etc. + +Based on our portfolio I'd estimate that 300k mortgages fall into FEMA's current disaster zone. + +Obviously people are more worried about evacuation right now, but in the coming weeks contact your servicer if things are going to be tight. +# + +https://preview.redd.it/7f4ydk4jun471.jpg?width=3735&format=pjpg&auto=webp&s=3ef1413833fa53d916654190722b8fdf788c362d + +# Dearest Apes, + +# + +I love you all. I want to throw this out there for reference, I served two tours years ago Fallujah Iraq getting shot at, rocket/mortars lobbed onto our bases while we slept, driving through IED alley, etc while I was in the Marines. **I'll always believe that those people who I served with are the toughest SOBs on the planet. Guess what? You guys are a close fucking second which is a compliment to say the least. I've watched GME Apes fucking take lumps daily for months at a time. Constant FUD. Wild Swings. 90% losses for us Jan Apes, People watching their life savings disappear in mins, Drops from bid whacking that would scare 99% of investors.......that shit would take a toll on your average person's mental health.....Not you fucking Diamond Handed Crayon eaters**......So hear me out. + +&#x200B; + +&#x200B; + +# Supply and Demand. The rarest things on earth usually cost more. If it is hard to obtain and people want; it will be priceless. + +&#x200B; + +&#x200B; + +**If Apes can just keep buying and hodling. It doesn't matter what outside analyst think, what the media thinks, it doesn't matter what the government thinks, etc. We already own the entire float, shorts are stuck, and as long as we never sell; they can't unfuck themselves. It's that simple.** **We just broke the system with the most simple concept: BUY & HODL.** We like the stock, we support the stock/stores, and GameStop will thrive under great leadership and our continued support fueled by short interest driving up the price every couple weeks. If we keep having solid quarters, whales and institutions will be piling in. **If you are reading this now, congratulations; you got in at the ground floor of the biggest turnaround in history. It's like buying Amazon at $400 bucks or Tesla at $60.** If nobody sells, this stock becomes something special. **They can't make us sell and they can't stop us from buying. Therefore, the problem gets too large and it blows up into the largest and LAST MOASS that will ever happen. (Dear SEC, DTCC, Institutional Analyst who lurk here.....this problem isn't going away. We understand the game now, and if you don't let it squeeze it will blow up in the world's face. If they drop it to $1 tomorrow, I'll sell my house and buy the entire float myself and from what I've seen, so will every Ape here.** + +# + +# Ready for some jacked Tits: There are about 73,000,000 total (Estimate since we don't know how many got sold at the ATM yet) subtract - 6.57 Million for insiders = 66,430,000 million total for the market. So 66.43 Million shares for the entire world. + +&#x200B; + +&#x200B; + +# Let's just subtract some of the biggest players positions. + +**RC Ventures LLC** owns 9,001,000 + +**BlackRock** owns 8,508,379 shares + +**Vanguard** owns 5,444,295 shares + +**SSgA Funds Management, Inc** 1,858,535 + +**Charles Schwab Investment Managem...** 996,241 + +**Geode Capital Management LLC** 916,828 + +**Northern Trust Investments, Inc.(...** 698,602 + +**Jane Street Capital LLC** 509,922 + +**Principal Global Investors LLC** 381,932 + +**Paradice Investment Management Pt...** 308,442 + +**Invesco Capital Management LLC** 290,602 + +**DFV=** 200,000 + +# Just those right there are 28,806,336 shares. That would leave 37,623,664 shares available for the float after Institutional Investors (Don't worry ETF's are next). + +&#x200B; + +&#x200B; + +# Now ETF's. + +\*\*Vanguard Total Stock Market Index...\*\*1,477,414 + +**Vanguard Small Cap Index Fund** 1,284,171 + +**Vanguard Small Cap Value Index Fu...** 776,788 + +**Vanguard Extended Market Index Fu...** 773,937 + +**Vanguard Tax Managed Small Cap Fu...** 459,087 + +(Vanguard Total ETF: 4,771,397. 672,989 difference from Original number. ) + +**iShares Core S&P Small Cap ETF** 3,700,560 + +**iShares Russell 2000 ETF** 1,352,130 + +**iShares Russell 2000 Value ETF** 647,980 + +**iShares S&P Small Cap 600 Value E...** 486,018 + +(BR iShare total: 6,186,688) + +**St. James Place Unit Trust - Glob...** 403,953 + +&#x200B; + +6,590,641 + Either 672,989 (Combined with other ETFs 7,263,630 shares) or 4,771,397 (Combined with other ETFs 11,362,038 shares) + +&#x200B; + +# Total Remaining Shares after ETF's: (Edit) I learned that iShares are BlackRocks so I took out the Vanguards. The updated number is 36,546,722 + +# + +# + +# ===================================================== + +# So the ENTIRE rest of the float for everyone else in the world is 36,546,722 ***This is just like the top 10 holders, I didn't even bother to go further. So the float is likely much lower than this but I wanted to show how fucked the shorts are. + +# ===================================================== + +&#x200B; + +# Now for fun: Let's pretend like there isn't naked shorts and retail owns zero shares. There are 425k Superstonk members. (I'll not even count the overlap apes at WallStreetBets (10.5 Million users) or GME (300k) Let's say 25k of SuperStonk are shills and bots so 400k hardcore Apes. + +# + +# I did the math, if each Ape (400k) would buy 91.366 shares (Edit: was 66 now after removing iShares ETF numbers it's updated to 91.366805 right now) at ($216), that would buy up the entire remaining float. Now, let's stop pretending, and remember we own MILLIONS alone in this sub and guess what, I didn't even bother to do all institutional ownerships. I just did the fucking top like 10 just to show you how fucked they are. + +&#x200B; + +&#x200B; + +There is zero doubt we already own the entire float. Now think about this, each time they try to scare us into selling with these massive drops, if Apes buy or continue HODL if they have no more money left, the noose gets tighter. The lower the price is, the more shares retail is able to buy. They are stuck in between a rock and a hard place. If they lower the price, Apes significantly make the issue bigger when they buy more to HODL. If they start covering, they will probably go bankrupt. + +# + +# + +# Just think about this. Let's take the 94 million shares minimum I saw calculated on someone's DD on the options chains synthetics. Let's say our total float is 26.2 Million shares, that would leave SHF's having to buy back 67.8 million shares that Apes won't part with. THAT'S FUCKING MINIMUM!! I think the number is much larger than that. + +&#x200B; + +&#x200B; + +# If each pay period, we buy what we can.........that amount of buying pressure is making each FTD day much bigger than before. I'll continue buying and holding. They have to keep hiding their FTD's and each time the number grows and so do the swings up. + +&#x200B; + +# All you have to do is keep doing what you are doing. Don't lose faith, buy if you want to, and HODL. They can't close their positions unless they start buying. Remember those close to 200 million volume days in Jan, that's how you know they are covering. Until we see that again, they are just kicking the can down the road..... just keep doing what your doing. BUY, HODL, till MOASS. + +# Lastly, to me, GameStop is the long play regardless. I'm going to be a lifelong investor of theirs. I feel like I got in a really good time and I'll keep buying their shares. I think they have a SUPER bright future. I'm in it for the long haul. + +&#x200B; + +OOk OOk! Thumps Chest, and drops Mic! + +# Edit: Forgot the TLDR: Total float is between 26.4 Million shares and 30 Million shares for the rest of the world. Did the math, if 400k Apes keep buying it would only take 91.366 shares each person to own the entire float (Sidenote: I didn't even bother doing any additional shares outside the top 10 holdings, I just wanted to show how fucked shorts are). That's not including what we already own which my guess is in the millions of shares. Shorts can't cover anymore so they just keep kicking the FTD can down the road. 94 million shares were flagged as probable synthetic shares in the options chains. Just buy and hold until you start seeing volume and green dildos like back in Jan. Hedgies R Fuked and the problem is getting too big for the SEC/DTCC to ignore. + +Not financial advice. I'm a Marine for fucks sake......Trust me with a M16A2, not your money. I don't know if we have to keep writing that shit but just in case. lol + +# EDIT 2: I'm going to take this opportunity if anyone wants to learn a little about Marines. + +# + +There is a scene from the Part 2 video. 2:51 + +That reminds me of this community. Just sub the word Marine for Ape. + +"He's an Ape, I'll take care of him. " + +Fucking gives me chills. + +Love you all + +&#x200B; + +Part 1: [https://www.youtube.com/watch?v=rexpWI0nJTc&t=336s](https://www.youtube.com/watch?v=rexpWI0nJTc&t=336s) + +Part 2: [https://www.youtube.com/watch?v=xw05sDpFL3s](https://www.youtube.com/watch?v=xw05sDpFL3s) + +&#x200B; +Hoping this type of post isn't banned here, sorry if it is. Mods, remove away if need be. + +I found 1.5 acres of land in the Southwest USA for less than $1K. I've done some of the minor legwork researching costs and in my own head it seems almost ridiculous not to buy it, but I literally don't know squat about something like this. + +Property is in a subdivision of a city of about 15K people about 15 miles away. Very few neighbors w/ homes in the immediate area near the property. I found the subdivision restrictive covenant and it has a minimum of 600 sq ft for a structure, but not much else I need to worry about. I'm picturing the most basic of basic - 4 walls and a foundation - cabin/home or possibly earth sheltered concept, maybe an A frame with solar? + +Power: Power lines on road with easy access, also thinking I could mainly use solar(desert) + +Water: Water table is ~50 ft. down, but possibly bulk water delivery to start + +Internet: Closest neighbor is a block over and they have internet according to the broadband map of US, but even if not available, it is flat enough that I could probably use cell hotspots + +Plumbing: Lot is definitely big enough for possible septic in future, but the state allows composting toilets which I've looked into a bit and think it could be a decent option. Not having nearby neighbors would be a big plus while I figure that one out. + +It has a slight elevation as it moves towards the back of the property and I thought possibly a small cabin/earth sheltered home might work well if you dug in a little bit. + +Am I crazy for thinking this could work out ok? The logic in my head is telling me that for the price of the land I could just sit on it for years and it would still wouldn't be a terrible investment. The taxes are less than 50/year, so even if I pitched a tent there for a week I'd be saving money on paying rent. I'm 41 and have been paying rent for 23 years. It just seems so refreshing even to contemplate not having to pay that each month. + +And this is by no means an actual plan for the future, but there are other lots in the area and could potentially do something again in the future to rent out or re-sell... Just a thought, not a plan by any means. Just one for now will be fine. + +Any and all advice welcomed as long as it is actually helpful and not just calling me a moron... thanks! + +Edit: Just found out the postings are inaccurate. It's only a half acre, not 1.5. Gonna keep looking, but a major buzzkill. +I was reading the Black Mirror Wikipedia page when it said “The series was expensive for Channel 4, as the anthology format meant there were no economies of scale.” I looked up what an economy of scale meant and the video made sense in the context of making bread, but how does it apply to a show? I guess it means the higher budget of the show should mean it makes more profit, but how does an anthology not apply to that? Is it because the episodes aren’t continuous and don’t build up to some bigger thing? +Hi all :) + +I wrote a short article concerning why the U.S. stock market has outperformed its European counterpart for more than a decade. Let me know what you think. + +[http://lucid-finance.com/2021/08/11/why-u-s-stock-markets-have-historically-outperformed-european-stock-markets/](http://lucid-finance.com/2021/08/11/why-u-s-stock-markets-have-historically-outperformed-european-stock-markets/) + +Note: Thanks for all the comments! I can't please everybody, but at least the article made for some interesting discussions :) +Federal Housing Administration mortgages -- the affordable path to homeownership for many first-time buyers, minorities and low-income Americans -- now have the highest delinquency rate in at least four decades. +Federal Housing Administration mortgages -- the affordable path to homeownership for many first-time buyers, minorities and low-income Americans -- now have the highest delinquency rate in at least four decades. + +The share of late FHA loans rose to almost 16% in the second quarter, up from about 9.7% in the previous three months and the highest level in records dating back to 1979, the Mortgage Bankers Association said Monday. The delinquency rate for conventional loans, by comparison, was 6.7%. + +Millions of Americans stopped paying their mortgages after losing jobs in the coronavirus crisis. Those on the lower end of the income scale are most likely to have FHA loans, which allow borrowers with shaky credit to buy homes with small down payments. + +For now, most of them are protected from foreclosure by the federal forbearance program, in which borrowers with pandemic-related hardships can delay payments for as much as a year without penalty. As of Aug. 9, about 3.6 million homeowners were in forbearance, representing 7.2% of loans, the MBA said in a separate report. The share has decreased for nine straight weeks. + +U.S. Virus Relief Set to Vanish in Series of Fiscal Cliffs + +Housing has held up better than expected in an otherwise shaky economy, with record-low mortgage rates fueling sales of both new and previously owned houses. With job losses mounting and Congress slow to act on a fresh stimulus package, that momentum could be threatened. + +New Jersey had the highest FHA delinquency rate, at 20%. The state also had the biggest increase in the overall late-payment rate, jumping to 11% in the second quarter from 4.7%. Following were Nevada, New York, Florida and Hawaii -- all states with a high proportion of leisure and hospitality jobs that were especially hard-hit by the pandemic, the MBA said. + +But the current spike in delinquencies is different from the Great Recession, thanks in part to years of home-price gains and equity accumulation, according to Marina Walsh, vice president of industry analysis for the bankers group. + +https://www.bloomberg.com/news/articles/2020-08-17/fha-mortgage-delinquencies-hit-record-high-with-economy-rattled +This will be my first time owning property. +Some fast facts: +- offer was accepted at 95k +- 3.5% conventional loan +- Unit is in Albany, Georgia +- I have 40k cash on hand +- 4 units as separate houses on one parcel of land +- there is currently one tenant who had been there for 17 years and she pays below market value at $400 +- 3 other units are unoccupied +- found people to fix up cosmetic (which seems to be the only thing needed so far until I get an inspection) labor will be 5500 for all units plus yard work +- I do not live in the state of Georgia, I'd have a property manager do everything +- it is estimated I can charge 550- 600 per unit + +I just wanted opinions on this before I'm completely locked in. Thanks +I did a [quick google search](https://www.google.com/search?q=fatfire+reddit+best+house+features) for this and didn't see any existing threads. + +What are some favorite features that your upscale houses have, that a normal house does not? + +Giant home gym? Infinity pool? Beautiful finishes? A special garage for your boat and RV? Something that you wouldn't expect? Let us know! +So have enough $$ for a few 20% down payments on some homes in Jackson County, MO, which seem decent for low income SFH + +What I understand is this: + +3 Bedroom SFH listed at 75K + +20% down for around 18K total + +Mortgage is $450 + +Rent I can charge according to FMR is $1,400 + +Monthly net: $950. + +Lather, rinse, repeat till I’m comfortable enough to give 7-10% of my income to a good property management company. Do it more till I don’t have to work at all and buy more properties with just my rental income, and be happy. + +Is it seriously that simple? What am I missing? +I have no interest in crypto, but Wealthsimple has been pushing crypto again today and it made me think of the FTX situation. Is wealthsimple crypto a similar setup as a crypto bank? Should I be worried even if my investment (don't own any crypto) are protected due to IIROC? +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. +Hello all, the bubble is fixing to burst and I’ll tell you how I know. The Fed just sent a little message to everyone and hopefully nobody (but me) caught it. Well, I’m sure I’m not the only one but that’s beside the point. + +[This is what gives it away](https://www.bloomberg.com/news/articles/2021-09-09/fed-s-kaplan-rosengren-to-sell-all-stocks-amid-ethics-concerns) + +Insider trading. It’s the oldest trick in the book. In fact, the last 2 significant market corrections, there were insider trading. [2008 Great Financial Crisis](https://www.esquire.com/news-politics/politics/news/a49046/wall-street-insider-trading-2008-crash/) and [The 2020 Congressional Scandal](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal). Both times insiders traded before the collapse. + +#Bazinga! + +For those of you who don’t have a Bloomberg subscription, the highlight of the article in my opinion is how they say that everything was legal but due to the nature of the situation we will be selling our positions and investing in indices or cash savings (rates gonna go up? or are we both stoned?). While Kaplan was investing in floating rate bonds, Rosengren was playing with the REIT market. Now they wanna sell? [Now we can taper…](https://twitter.com/northmantrader/status/1436082195286876164?s=21) + + >*”While my personal saving and investment transactions have complied with the Federal Reserves ethics rules, I have decided to address even the appearance of any conflict of interest by taking the following steps.”* - Rosengren + +So you feel weird about the trades you made a lot of money ($1MM+) on and people think there’s ethics concerns so you’re gonna liquidate everything by September 30th, literally at the peak of the biggest bull run market in all of history? + +##Nope! +Nothing shady to see here… I mean, it *is* fall and we *are* 317 days since the last 5% correction. We gotta be due, right? I think so. I also think that it’s gonna be much sooner than we anticipate. Just buy as much as you can afford and hold on to your seats. This is why I think the hedgies are trying to shake us so bad right now. Expect this thing to get hammered over the next few weeks. Remember that we are close. Remember that insiders are selling their stocks off. Know that when we lift off, it will be the launch heard ‘round the world. The reverberations will travel across the globe. Everyone will know that we were right all along. GameStop will become the greatest retail company of all time. Diamond. Fuc%ing. Hands. 💎🙌🏻🚀 To the moon! +The world used to be not so fucked. Then the world got a little bit fucked. Now the world is really fucked and it's about to get *way* more fucked. Fuck, it's actually fucked. + +What this sub has come to learn over the past 2 years is that the root cause of the majority of the trials and tribulations most people are currently experiencing in the world today have been due to global financial systems abusing their many privileges in the pursuit of profits at any cost. Bad bets are made often and when things go south, taxpayers are left with the bill. Well, we're at the precipice of global financial collapse brought on by a massive positive feedback loop of countless bad bets, except this time, the people who usually win are losing. Badly. And we are the winning side. + +Through a combination of time, greed, incompetence, negligence, corruption and crime, modern markets have become 100% rigged. Yes, you heard me. 100%. Investors are being robbed at a fixed casino, but the **Game** is about to **Stop**. + +My goal in writing this is to outline 3 main reasons why I think investing in GameStop is simultaneously a smart long-term investment play and is also one the few, if not the only life raft in the inevitable financial turmoil the world is about to experince; + +1. GameStop is a healthy long-term investment +2. NFTs are not what you think they are ^(humor me) +3. Illegal Naked Short Selling/GME Short Squeeze + +# GameStop is a healthy long-term investment + +Why? GameStop; + +1. is hellbent on maximizing customer experience; + 1. Ryan Cohen founded Chewy in 2011 and sold it to PetSmart in 2017 for $3.35 billion. It became a hyper-successful online retailer due to repeat business from customers that had incredibly positive experiences like being able to keep products ordered/sent by mistake for the sake of convenience and sending flowers and hand-written cards to customers whose pets had died. Cohen is bringing the same mentality to GameStop. Leadership has been refreshed, stores have been updated, branding has been unified, new innovative products like the GameStop Wallet are powerful and easy to use, and much more. +2. has has no debt; + 1. Up untill Cohen invested in GameStop, it had tremendous levels of debt. Now it has relatively [none](https://www.macrotrends.net/stocks/charts/GME/gamestop/debt-equity-ratio). As Larry Cheng (Volition Capital, GME Board Member) [says](https://twitter.com/larryvc/status/1557177841036443649), "The best position: debt free, cash flow positive, strong balance sheet." +3. has revamped leadership; + 1. GameStop has poached literally [hundreds](https://www.gmedd.com/dd/amazon-dont-tell-me-we-lost-another-as-gamestop-poaches-over-250-hires-from-tech-giants/) of top-tier talent from reputable, strong, blue chip companies. New leadership for their new direction, which is *up*. + 2. Netflix pivoted to streaming during the dawn of the internet, which made them successful and made compies like Blockbuster obsolete ^(shh, don't tell them). GameStop is now making a similar pivot, creating a new ecosystem and ensuring they are situated to capitalize on systemic changes, and they have the right people in place to drive this change. +4. is expanding their product offerings; + 1. Their online store offers a much wider array of products and they have strategic parnters to deliver products to customers at an impressive speed. +5. is at the forefront of integrating cryptocurrencies and NFTs into gaming; + 1. GameStop developed their own NFT Marketplace. + 2. GameStop developed their own self-custodial crypto wallet; + 1. Self-custodial means that even in the *extremely* unlikely event that GameStop goes bankrupt and/or if the GameStop Wallet poofs out of existence, you still own all your assets through your Ethereum address and can access it from other UIs. Ownership of any item is not dependent in any way on the success of the company. + 3. They have partnerships with industry-leading companies in the crypto space; + 1. [Loopring](https://loopring.io/#/layer2) \- an open-sourced, audited, and non-custodial exchange and payment protocol that anyone can build upon. A Layer 2 scaling solution for payments. + 2. [Immutable X](https://www.immutable.com/) \- an industry-leading NFT minting and trading platform with a heavy emphasis on gaming. A Layer 2 scaling solution for NFTs. + 3. [Cyber Crew](https://engwindart.com/cyber-crew-nft) \- A collection of digital artists creating high-quality *playable characters* and *usable items,* all tradable on the Ethereum blockchain. + 4. [Kiravirse](https://kiraverse.game/) \- KIRA is an online multiplayer blockchain-based game created in Unreal Engine 5 where users across the globe can come together to play, compete, and earn. Think Fortnite but on blockchain (remember, most consumers/gamers don't need much, if any knowledge of NFTs). Check out some [footage](https://www.youtube.com/watch?v=xceD0gN7nnU&ab_channel=KIRAVERSE). Nice. Why Kira over games like Fortnite? Well, you can never have your items taken from you, they're cross-compatible between games and you can earn real money through playing and trading. + 5. [FTX](https://ftx.com/) \- A registered and regulated crypto exchange. FTX US will collaborate with GameStop to introduce its customer base to the digital asset ecosystem. As a result of this partnership, FTX US will be GameStop's exclusive crypto exchange partner in the U.S. and GameStop will be FTX US's preferred retail gaming partner. + 4. See below; + +# NFTs are not what you think they are + +If you hear the term "NFT" and immediately think something along the lines of "overpriced JPGs are stupid", you aren't wrong to feel that way. **We agree.** When you see this community get excited about NFTs, *that isn't what we're excited about*. + +While JPGs can be NFTs, that doesn't mean NFTs are JPGs. They are not synonymous terms, not even close. Instead of thinking of NFTs as images exclusively, think of them as *any* ***unique*** *thing that is compatible with blockchain technology*. That's it. Everyone has been focusing on the product itself (and often they can't be blamed for that), where a more fitting metaphor for an NFT would be the *barcode* on that product. + +Hating on NFTs because you disagree with everything that the *Bored Ape Yacht Club* and other projects stand for is like disagreeing with Costco as a business because they stock Dyson vacuums. + +Remember, the barcode on any product in any store is irrelevant to the average consumer, but vital to the business for logistics and operations. Think of what barcodes have done to increase the efficiency of commerce at every level. All NFTs are doing is bringing that efficiency to blockchain-based items. + +Relative to GameStop specifically, gaming NFTs will be unique, blockchain items and the fact that they will be NFTs will be virtually ^(no pun intended) irrelevant to the average consumer. The important aspects of NFTs are the underlying methods by which they're created, stored and traded - trustless, permissionless, verifiable and immutable on a blockchain, and more specifically to GameStop, the Ethereum blockchain. + +Ether is the native currency of the Ethereum blockchain, and like bitcoin, if I have one and you have one, and we switch, there is no difference. It's like trading a like bill or coin with a friend. You still have the same amount of money. Conversely, if I have an NFT and you have an NFT, and we switch, *there is a difference.* I had #20 of something and you have #35, and now we have the other. The number is what matters and it can be tracked and verified by the use of NFTs. And within the vastness of the blockchain that is Ethereum, they're basically like universal barcodes for all upcoming digital games, stores, communities and more. + +It's not overly revolutionary in theory, but it does allow everyone to create, communicate and trade in one unified system. Gamers will be able to complete actions like giving/selling a game item (a skin, for example) to someone else *between different games*, all without the need for an intermediary. You will **never** have a studio step in and restrict your access to your shit in this ecosystem. You can't tell me that isn't desirable, especially in the industry of gaming. + +I'll give one more example regarding *ownership*. Here are some recent examples of how the things you buy aren't really yours; + +https://preview.redd.it/m6ybv05grhu91.jpg?width=1001&format=pjpg&auto=webp&s=de9cd00c6a60dbbcd73cf79b62071b62ead58592 + +https://preview.redd.it/u2dtcl5grhu91.jpg?width=1221&format=pjpg&auto=webp&s=b563384152d47bbcfd9db46448b78a7cace4a4da + +https://preview.redd.it/ennr8l5grhu91.jpg?width=1080&format=pjpg&auto=webp&s=9a87462c33934975b67a26bf70cc680b5be07239 + +I understand there are certain examples where outrage may not justified, as you may have purchased the license to one specific thing and if that thing updates or changes then your license may become void in some way, but let's not get lost in the weeds. + +The point is - **in the modern world you do not own your assets**. If a developer wants to take your stuff, they can. If a corporation wants to move the goalposts of a contract mid-game, they can. If an exchange want to restrict your ability to trade something, they can. One solution to this probelm that GameStop is about to offer through the use of NFTs is that it removes the intermediary, meaning *every* transation is done by somewhat of a calculator, a very secure, very trustworthy program. No one can get in the way. No one can shut it off. No one can interfere. Again, when done properly, you can't tell me that isn't desirable. + +Remember, an NFT can be *anything* on the blockchain. So technically, games licenses could be distributed as NFTs, or skins, or rare items, or a universal gaming currency, etc. etc., and as long as you never sell them or get scammed out of them (that's on you - with freedom comes responsibility), you own them in perpetuity and they will *never* change. + +# Illegal Naked Short Selling/GME Short Squeeze + +What would it sound like if I said, "*RadioShack is destroying the economy!", or "Home Depot investors are stealing from teachers' pensions!"*? It sounds ridiculous because it is, yet somehow when *RadioShack* or *Home Depot* is substituted with *GameStop*, somehow everyone believes it. Here is one question that *no one* has been able to answer since Jan 21' - how *exactly,* in terms of specific market mechanics, does retail investors *buying* something, aka injecting liquidity *into* the markets, into *one specific stock,* pose a threat to the entire system? I'll tell you - it doesn't, and anyone who says it does is manipulating you and if they aren't aware of that, they're on the payroll of someone who else who is. + +People much smarter than me have written in great detail about the specifics of how this is done, I won't come close to doing any paticular topic justice so if you're new here I will simply direct you to the [Superstonk DD Library](https://fliphtml5.com/bookcase/kosyg), but I will simply do my best to summarize at a high level. + +In a onceuponanuttshell, get familiar with the tern ***Illegal Naked Short Selling,*** despite what the media will tell you, it is the single most powerful mechanism by which our the stock markets are being manipulated in the modern era. Top players get to pick and choose which companies thrive and fail by controlling the stock price via creating more shares than exist, selling them in the open market to plummet the price and hiding that crime in the complexity of the system. + +Let's say I have a milkshake stand and I want to go public because my milkshake brings all the boys to the yard. I sell 1000 new shares for $1, so the market cap on *OnceuponaMilkshakes* is $1000. BUT, Booster Juice (no disrespect, love a good BJ) sees me as a threat and wants me out of business, so the CEO of BJ conspires with some financial criminal who specializes in this sort of thing, let's call him Gen Kriffin, and they work together to secretly and illegally sell shares that don't exist. They do this by "borrowing" as many shares as they see fit with the "promise" of returning them. This artificially increases the supply of my stock which has a real-world effect of lowering the stock price. All they really need is a little drop, or a slow and sustained drop over time. Then magically bad news about my company and/or me comes out in the news and low and behold real investors see red with bad news, get fearful and sell out, creating a positive feedback loop, plummeting the price to $0.10. Now I have no capital, can't afford my debt, can't afford to continue business and I'm forced close down. Little do we know, BJ CEO, Gen Kriffon and some close friends of theirs opened up short positions at $1 based off their inside information. The initial dip was manufactured and the bad news wasn't real. They just **stole** $0.90 from everyone who took the bait. Paying the news company to run negative stories and risking volatile markets are just "costs of business". They will also never pay taxes on those profits - for more fun facts refer to the DD libary above! + +What happened here was *Illegal Naked Short Selling*, in conjunction with a few other illegal practices, but they aren't important for the purposes of this example. The benefit for short sellers is they capture the difference in price when it goes down, but remember, this is a gamble. The risk is that if the price goes up, short sellers need to *return the thing that they didn't have*, which means they are forced to buy it. + +Had *OnceuponaMilkshake* investors not sold, and in fact purchased those 200 new shares, the price would have risen above $1 and the "promise" of short sellers to return what they "borrowed" would need to be fulfilled. I only issued 1000 shares but 1200 exist in brokerage accounts, so shorts need to buy 200 more to close their position. The tricky part is the only place they can buy shares is from the original investors of the 1000 shares, and if no one sells, shorts need to increase their prices until they can afford 200 shares. Let me introduce you to my friend, *Mr Short Squeeze.* + +This is obviously a gross oversimplification, but by and large GameStop has been one of many victims of *Illegal Naked Short Selling* like the example above. The difference is, for the first time ever no investors took the bait. We threw a really big fucking wrench into their engine and now they're all panicking because they don't know what to do with all the extra shares they borrowed and sold. And there are a lot. + +In the words of Houston Wade; + +>There's no panic selling. These people, they may have bought at $4, sat through $400, went back to $40, went to $350, back down to $110, and they have not sold. All they've done is bought more, and there's no answer for that. It's like Art of War mastery by a bunch of idiots who should know better. + +We don't know exactly how many shares are out there, but at one point last year there was official data that showed GME had 2.26x the amount of shares in existence and that number has only gone up. That's evidenced by the rabid GME community continuing to *buy* but the price has continued to go down. + +What we do know is that the data (crime) previously hidden in the complexity of the system is slowly coming to light, especially with GME investors Directly Registering Shares (DRS) through GameStop's official transfer agent, Computershare. (Info on this can also be found in the [DD Library](https://fliphtml5.com/bookcase/kosyg)) + +In closing, GameStop was neatly packed into the 'fuck you' box, but we the investors have given Ryan Cohen and his team the capital needed to help it transform into a successful company. There is **a lot** more to the story but all the data points towards one thing - the Mother of All Short Squeezes (MOASS), and anyone holding GME shares will benefit from it. +Even billionaire investors are caught out like retail bears. + +Back on May 12: + +https://www.cnbc.com/2020/05/12/risk-reward-for-stocks-is-maybe-as-bad-as-ive-seen-it-stanley-druckenmiller-says.html + +>Legendary investor Stanley Druckenmiller says he doesn't like the way the market is set up + +>Hedge fund manager Stanley Druckenmiller told the Economic Club of New York on Tuesday that, "the risk-reward for equity is maybe as bad as I've seen it in my career," Druckemiller said, according to the organization's Twitter account. + +>The hedge fund manager also said he thought the market was overreacting to news of progress on antiviral drugs, such as Gilead's remdesivir. "I don't see why anybody would change their behavior because there's a viral drug out there," he said, according the club. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I was examining the US government budget and noticed that about 2/3 of it goes to medicare and social security. This is a bit odd to me since the beneficiaries of these programs are old people, who actually have higher incomes than younger people and have had a whole lifetime to accumulate wealth. + +Is there a good economic motivation (I've noticed that economists often use some desire satisfaction theory of utility. Just suppose that I'm asking whether or not such programs are optimific in this regard) for these programs? On a related note, I was watching an interview of Alex Nowrasteh conducted by Econoboi and the former mentioned that studies randomizing people to different levels of healthcare found that more coverage results in more consumption, but health outcomes do not improve. + +[https://youtu.be/YFGyaWR5pXQ?t=343](https://youtu.be/YFGyaWR5pXQ?t=343) + +If this is the case, why do we spend so much money on healthcare? Nowastreh mentions that employers started paying people in benefits because these aren't taxed. But I don't think this explains why the government spends so much. + +Thank you very much for your help. +This is a light DD - everything you need to know is in their Webinar recording, linked below. It's worth the watch. + +BVT is still in foreplay mode, but pretty soon they'll be f\*cking the pesticide industry right up. + +Proof & viability of the technology is done. California green light for operations is done. FDA approval is done. Mexico clearance is on it's way. + +Look at their statistics from operations in Georgia - how well their technology took to agriculture there. + +I'm a huge fan of BVT and think that their technology will make money, help the environment, and increase food security. That's a magical trifecta. Prove me wrong. + +[https://www.youtube.com/watch?v=ECIIlHQ2iSQ&utm\_source=BVT+Communications&utm\_campaign=3bb5e2376f-EMAIL\_CAMPAIGN\_2019\_11\_20\_07\_52\_COPY\_01&utm\_medium=email&utm\_term=0\_199f2216ac-3bb5e2376f-367979813](https://www.youtube.com/watch?v=ECIIlHQ2iSQ&utm_source=BVT+Communications&utm_campaign=3bb5e2376f-EMAIL_CAMPAIGN_2019_11_20_07_52_COPY_01&utm_medium=email&utm_term=0_199f2216ac-3bb5e2376f-367979813) + +&#x200B; + +Position: $20,000 in at 41.5 cents. +Can they do that? Basically they said he could get his tips paid out in cash, by direct deposit, or by card. + +But he has set up the direct deposit several times, with HR, and they keep blowing him off that his “next check” will have the tips included on direct deposit. + +So far he has not been paid any tips in 3 weeks because he has not set up the card, because he doesn’t want it. + +He’s going to demand all of his past 3 weeks tips be direct deposited when he goes to work tomorrow, but he’s worried they’ll refuse, can they do that? + +US, Maryland. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello everyone, I am new to trading options. I opened a brokerage account, that allows me to trade options for 2,5$ per contract. (There are no zero commission brokers in Europe) + +I found the perfect stock for spinning the wheel on. I would not mind owning that stock and the IV is around 40 to 30. I now started to sell 14 or 7 DTE CSPs with a Delta around 0.25. I make around 0,7 to 1% on my capital for each contract I sell, which is awesome and the underlying is a dutch dividend aristrocrat, that has little price movements and that has not that huge of a downside in market situations such as covid or the current circumstances. + +I saw that a lot of people buy their puts back before they expire OTM. Why is that? I would have to pay another 2,5$ for each contract. If I just let it expire worthless and continue selling another contract on monday I do not have the additional costs. Is there something I am doing wrong? + +Edit: Thank you so much for the answers. I now know why I should close my positions with 80-90% profits. This community is really outstanding. I thought that this was a stupid question to ask, but you really helped me and there is a lot of constructive discussion going on here. Cheers thetagang, looking forward to sell options with you guys! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +New to the investing scene. Just learning the basics and trying to get into investing. Read somewhere that investing in US market crash can get someone rich as it a good opportunity etc etc. + +Is it actually a good idea to do that? + +Also, new to investing. Don't judge me if this is something dumb lol. +Imagine that you could lock all your assets into an 8% (edit: nominal, and see edit comment below too) risk free annual return for the rest of your life. Would you (1) take it or not, (2) are you fatFIRE or not, and (3) what's the reason for your answer? + +Curious as to how answers to this will vary depending on if fatFIRE or not. Will share my answer too in a while among the other responses so as not to accidentally influence anyone with my opinion. + +Edit: Clarifications on my dream scenario based on questions asked below are: + +---It's a theoretical question only + +---US type country (ie, not one that's apt to see hyper inflation like Argentina/Venezuela) + +---nominal returns + +---the 8% return is pre-tax (aside from whatever % you might have currently in a Roth IRA or equiv)...imagine you're holding a growth stock that doesn't pay dividends...would grow at 8% and taxes owed on profits when you decide to sell) + +---your assets remain 100% yours to eventually be inherited, but can also be sold to pay for your living expenses or buy a yacht or whatever else you'd like but then 0% return on that portion going forward...(so you wouldn't be handing the assets off to some annuity company) + +---all the assets you had would grow at 8% nominal, risk free (home, vacation home, rental properties, stocks, VC investments, coin collections, art, pokemon cards, your stash of gold or silver...) + +---Current assets only; you're not allowed to leverage the sh_t out of things in this low interest rate environment and make your own money machine! + + +Edit #2: Great discussion occurring here on both sides of the 8% topic for the most part, with a lot of solid points made; thanks. I only joined this sub about two months ago, and I’m thrilled to be able to have these kind of back & forths. This subReddit definitely moves at a higher level of $ knowledge than others that are somewhat similar. It’s a blast being able to talk about serious fat money topics with others that enjoy it too! +I have 1800 shares of TSLA that I own outright and I also have margin lending turned on for CSPs. I've been doing the wheel on TSLA for a bit over a year now. It seems reasonably profitable. When I'm holding shares of TSLA and I'm selling CCs, I will also typically sell between $500-$600k worth of CSPs on margin as collateral, and if it doesn't expire worthless, then I'll just keep rolling it out further in time, over and over again. Obviously TSLA has dropped quite a bit from its ATH. Though I fundamentally believe Tesla's decade long future is bright. Elon has built the most advance cars and the most advance rockets, and that is why I'm feel very confident putting all my money in only TSLA. The stock could drop to $300 tomorrow and I would still happily hold, of cause my CSPs would get crushed. So far this year I've collected about $330k in premiums from both CCs and CSPs on TSLA. Can I assume I'm set for life, that I'll just keep doin the wheel on TSLA forever? Or is there some danger that I'm not thinking about? I suppose if TSLA drops to $80 like Gordon Johnson predicts, that would end my career in doing the wheel on TSLA....haha. +I'm 21 and the advice is to focus on growth stocks/investments if you are young and your time horizon is long. If average annual returns are 10%. Would I not have the exact same net worth growth as having a %10 yield annually instead? The outcome would be exact same no? The only difference is I don't have to sell any investments to realize the 10%. + +I must be missing something cause this isn't making sense how growth investments are better long term then income yielding investments. Thanks! +**The format of this post has been modified to be more reddit friendly. Apologies for any momentum lost.** + +*This piece was written in collaboration with u/beerchicken8. He deserves a massive amount of credit and our thought experiment could not have been generated without him.* + +We wrote this piece to remind the community and new investors that we are incredibly early to this investment, and also to demonstrate that **ETH is massively undervalued even if viewed as a network utility token**. We meant for this to be as simple, yet impactful as possible. We are not in the practice of writing academic papers, but the narrative is clearly demonstrated. + +*all data is accurate to May 22, 2017* + + + + +**A Crude Valuation of ETH** + + +Pundits and the media will look at the recent price graph and will likely tell you that cryptocurrencies are in a bubble. Sure the recent price action looks aggressive and may appear unsustainable, but it is hardly a bubble. In fact, it is likely that ETH is significantly undervalued. + +[ETH Price Graph](http://i.imgur.com/1Kz2DgD) + + +Crypto skeptics attempt to value bitcoin or ETH using conventional stock market metrics like P/E ratio or by comparing market capitalizations of crypto versus blue chip companies. These metrics do not fairly translate to cryptocurrencies. We can improve on that. + +[Metcalfe's Law Image Description](http://i.imgur.com/a/573k6) + + +A close friend of mine stumbled across Metcalfe’s Law in an effort to properly value the market price of ETH, the cryptocurrency of ethereum. We can think of ETH as a demand-driven digital asset, since it is converted to gas to execute the smart contracts on the blockchain. It provides a vital network function: incentivizing miners to secure the blockchain. Therefore **we should attempt to value ETH by attempting to value the ethereum network itself. We can use the daily transactions as our tool.** + +Metcalfe’s Law aims to value the network effects of communication technologies like the Internet or social networking. The premise is that the value of a telecommunications network is proportional to the square of the number of connected users of the system. + + +**To determine a fair market price of ETH, we can compare the ethereum network transactions squared (or the network value) versus the market cap of ethereum.** + +In the following chart, we chose to graph the log of our inputs for a better visualization of the correlation. + +[Log graph of Transaction^2 and Marketcap](http://i.imgur.com/a/tzdUv) + + +The scale is misleading, but when we look back at the ETH market cap and see that it fell below the network valuation around the time of the DAO hack. The market cap languished as the ETH price suffered from a lack of investor confidence. But as investors licked their wounds and Bitcoin maximalists cheered, the ethereum transactions have steadily increased; they even outpaced the price correction. +Yet, that was just the log graph. This is the actual Metcalfe’s Law graph demonstrating that network value of ethereum vs the market cap: + +[Metcalfe's Law for Ethereum](http://i.imgur.com/WsnXvy2) + + +We can see clearly that the market cap is significantly lagging the network effect. Theoretically, the network valuation calculated by transactions squared should equal the market cap. + +So here we are. We can conclude ETH appears cheap. But this is probably far from the truth: **If the current network value equals the current market cap, we are completely discounting the future growth of the network.** + +Stock investors will buy stocks on their future earnings and growth potential years in advance. The Tesla stock has outperformed every incumbent metric due to tantalizing growth projections. But Tesla will likely not generate profits for years. +In the case of ETH, this growth discount is significant. Not only does it not appear to exist in the price, but we can make 3 safe assumptions to forecast the opportunity for incredible growth: + +* The corporate adoption of ethereum is ramping up: the current EEA onboarding of 86 companies last weekend and 100 more coming in June will accelerate the network transactions in the coming months. The sheer marketing network from these corporates should also draw additional attention to the burgeoning blockchain space. This will likely snowball into more corporate memberships as these companies aim to keep up with the joneses. + +* The EEA plans to standardize the basic smart contract functions. The collaboration between EEA Members using this enhanced functionality will provide more momentum to roll out of more dapps and use cases. This will further increase the network transactions. + +* The synergy of the dapps will exponentially increase ethereum’s network transactions as they stack protocols to change the world. + + +Also, there are additional factors accelerating the scarcity of ETH: + +* The Ethereum Name Service (ENS) auctions lock up ether for at minimum one year. These have only just begun as investors are claiming their naming rights for their wallet addresses. + +* The looming ‘Ice Age’ essentially reduces the daily issuance, or supply, or eth tokens. This decrease in supply should be price supportive as well. + + + + +**Further Reading:** +u/mr_yukon_c touched on some other metrics signalling the strength of Ethereum Network in an excellent post the other day: + +https://np.reddit.com/r/ethtrader/comments/6cr75s/current_state_of_the_ethereum_network_extremely/ + + + + + +i have a few friends who absolutely despise donald trump and have been all cash since 2017 and continue to double down that they made the right choice because the BIG ONE is coming. +&#x200B; + +[Banner Submission by u\/Gambion](https://preview.redd.it/i3xfzrxertv61.jpg?width=1920&format=pjpg&auto=webp&s=b57379cdf0a13f177fa43a5628c684411e6a9671) + +# Good Morning Superstonk!!! + +&#x200B; + +Let's get these bananas 🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +[Fill my cup, Superstonk](https://preview.redd.it/qkl6it1jauv61.png?width=722&format=png&auto=webp&s=92f0d6283a015d5c32f5ff5a74d1642c9256625d) + +&#x200B; + +# The MOAAMA's + +&#x200B; + +**🚀If you haven't yet,** [**get your AMA question submitted!🚀**](https://www.reddit.com/r/Superstonk/comments/mzknu6/official_ama_dr_susanne_trimbath_phd_thursday/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Listen, I want to make sure everyone understands how frickin' GLORIOUS it is that someone like [Dr. Susanne Trimbath](https://www.gminsight.com/bio-susanne-trimbath) is coming to spend time with us apes tomorrow. Do you remember how much it blew your mind when you read [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/?utm_source=share&utm_medium=web2x&context=3)? Imagine figuring out this web of deceit in *1993*! She has been cruising around internet chatrooms and forums since before you had to collect AOL disks to chat all weekend on a 14K connection. This woman is a ***legend.*** Do you hear me? Everyone here is fascinated by the brilliant minds we've learned about on this journey like Dr. Michael Burry and u/atobitt. I want you to understand that when it comes to these beautifully wrinkly brains that we love to pick... + +[Dr. Trimbath=Yoda](https://preview.redd.it/mjpuaoz0xtv61.jpg?width=300&format=pjpg&auto=webp&s=c195b1116616b9b1c6544a3edd95396b069f5e65) + +Are y'all getting HYPED yet?! Because I know I am! And I want to start today's daily by letting you guys in on a little secret. I guess it's not really a secret because I *was* given permission to share this with you today... I want to tell you about my conversation last night with our favorite wrinkly brain, u/atobitt, who is also currently working on [House of Cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_source=share&utm_medium=web2x&context=3) Part 2 while he does all this amazing research for the AMA. + +He has been in contact with Dr. T and let me tell you... This dude is **pumped** about this AMA. You know why? Because after reading through [Naked Short & Greedy](https://www.ipgbook.com/naked--short-and-greedy-products-9781910151341.php?page_id=21), he got a GIGANTIC SHOT OF CONFIRMATION BIAS. AND HE IS JACKED! Do you realize what a big deal that is? The guy who taught us what [rehypothecated](https://www.federalreserve.gov/econres/notes/feds-notes/ins-and-outs-of-collateral-re-use-20181221.htm) means just read about the same concepts that he describes in his DDs, but written by a professional with accolades, accomplishments, and experience that extends directly to the DTC itself. To quote Atobitt; + +**"Until now, her coverage has been under-reported and unappreciated. Radio hosts would have her on, then someone completely different the next day. This marks the beginning of a new saga for her, and apes.** + +**Now, day in and day out, apes will be pushing for this. The fight is literally being brought to their doorstep. She's got the brains and the expertise, the resources, the credibility. And then there's the pissed off apes that want answers. This is the beginning. Enjoy it!" -** u/atobitt**.** + +&#x200B; + +Imagine going back to your February 5th self and telling them we would be talking with someone from the DTC. They're going to be speaking directly to apes on our little corner of the internet. Life is *wild* man. + +&#x200B; + +So IDK about you, but when the smartest dude I've probably ever met is this impressed by someone, I'm *really* excited to hear what they have to say. + +**The** [**AMA**](https://www.reddit.com/r/Superstonk/comments/mzknu6/official_ama_dr_susanne_trimbath_phd_thursday/?utm_source=share&utm_medium=web2x&context=3) **is tomorrow at 3PM EDT on our Superstonk Live YouTube Channel (NON-MONETIZED)**. Be there to watch a groundbreaking interview by apekind, for apekind! + +This is as grassroots as it gets! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Proxy Voting + +[Please HODL](https://preview.redd.it/1lb1fjkmiuv61.png?width=504&format=png&auto=webp&s=5f4ad1484541caf8e8c561621fc39d3f5b455d80) + +So you called Fidelity, or TDA, or whoever your broker is, and you sat on hold for 500 hours because a bunch of other monkeys were using their opposable thumbs to also call *their* brokers and... yeah. This is confusing and frustrating for some (especially the customer service reps 😅). First of all, let me tell you that if you haven't gotten your control number or proxy voting information yet from your broker, it's ok. Ape no panik. + +What originally started as an initiative to compile broker experiences from around the sub, has now turned into just a simple reminder of a few things; + +* The earliest any broker will be sending you voting information is today, the 28th. Keep an eye on your broker inbox today and in the coming days for that info. +* Some brokers may not give you your control number yet. They all have internal procedures to follow here. And remember... they are **really having to scramble to find these shares.** +* Contacting your broker is the only way to know how they are handling the proxy vote and what their timeline of releases looks like. +* This is going to take a little time. Brokers are not used to having this many shareholders interested in a proxy vote. *This is unprecedented*. Apes are literally changing the market and creating a new normal. +* Once again, **ONLY USE THE WEBSITE PROVIDED BY YOUR BROKER TO VOTE. DO NOT RELEASE YOUR CONTROL NUMBER ANYWHERE ELSE.** This is your ticket to Tendieland. Don't you want to ride the roaring kitty coaster and have banana cotton candy on the moon with Papa Cohen? Then HANG ON TO THAT CONTROL NUMBER UNTIL VOTE TIME. Don't give it to $Crypt0King69420's twitter link please. Ape protecc golden banana. +* Lots of brokers, especially Euro brokers, reported to be charging customers to vote. Yes it's legal. Yes it's kinda' sketch. Just like PFOF. +* I've gotten several user reports that E-Toro does not allow you to vote, because they do not trade actual share certificates, they just trade based on the underlying value of the stock. Therefore they cannot reserve their customers the right to vote. I have not confirmed this with EToro, but with the number of reports I've gotten and seen around, I will defer to the comments and ultimately for you to call your broker for confirmation. +* You are a shareholder. You have every right to do everything you can to get to exercise your right to vote and be involved in the decision making of a stock you like. So be vigilant, **but also be kind to the people you interact with. Apes are making an** [impression](https://www.reddit.com/r/Superstonk/comments/mx88v2/so_i_called_td_ameritrade_to_get_my_control/?utm_source=share&utm_medium=web2x&context=3) **worldwide. Set a good example!** + +[Gamestop for President or smth](https://preview.redd.it/7hxe5zsrquv61.png?width=743&format=png&auto=webp&s=c011485bf30e112d7211b5dc68a7eb37eacb6f6b) + +# Citigroup $5.5 Billion Bond Offering + +&#x200B; + +[Bloomberg reports Citigroup Bond Offering](https://preview.redd.it/bre0loqn5uv61.png?width=1920&format=png&auto=webp&s=106c65bd2b9947ade945fa6d03c50e5d56e9afe7) + +So I won't spend a lot of time on this because it's a lot of speculation from where I'm sitting, but it's definitely noteworthy. Citigroup just [reported](https://www.reuters.com/article/us-usa-banks-results/big-banks-say-u-s-consumers-sturdy-as-businesses-quiver-with-growth-fears-idUSKBN1WU2BI) record breaking quarterly earnings. Above and beyond Wall Street expectations. Like, if you look at them on paper, they were *kickin ass and takin names* in the last quarter. + +&#x200B; + +So why in the world would you need **$5.5 Billion** in liquidity so quickly after you were just talking about what an absolute Chad you are? Citigroup is sure setting aside a lot of emergency cash. I mean, yes this is speculation like I said. No I don't consider "a person with knowledge of the matter" any better a source than u/ButtFarm69 would be a good reference to put on a job application. + +&#x200B; + +I'm not sure why none of us were able to confirm this on other news sites, but... Smells like a leak to me. That's just my opinion. :sips tea: I look forward to finding out what a bank needs that much cash on hand for. 👉👈 + +# Automod... will be back.... + +[Bragged on you a lil too early, automod](https://preview.redd.it/co2fd491ruv61.png?width=540&format=png&auto=webp&s=a722b2cf28832535e2be64de3abdf7a49bcacb6e) + +Yesterday I went over the new karma requirements for posting and commenting, and well as all of the different bells and whistles on the automod. Automod is a ~~terminator~~ reddit bot that is programmable and helps keep your community clean based on the parameters you set. And it's friggin amazing. + +Well after bragging about the wonders of automod, we got tons of messages that automod had terminated their posts even though they surpassed the karma requirements. And then we realized [it was a site-wide issue](https://www.reddit.com/r/ModSupport/comments/mzyo75/karma_is_busted_again_resulting_in_automod_issues/?utm_source=share&utm_medium=web2x&context=3). Sooo.. the automod rules still stand, just please be patient as reddit works through the kinks (it's not mods fault this time yaaaaaayyy!!!) + +Also, a kind reminder to please not contact mods directly (Rule 1) about not being able to interact in the sub due to karma requirements. There are lots of ways to [build karma](https://zapier.com/blog/how-to-get-karma-on-reddit/). But we felt these karma requirements for the time being would help locate more imposters among us ༼ つ ◕\_◕ ༽つ trying to sway and deceive with FUD the closer MOASS gets. So far we have been receiving excellent feedback! Mods really appreciate your patience while we figure out the best way to keep the sub safe. + +# A note from your friendly local pink cat 🐈 + +Just want to slip this little note in here because this is an important point. I really tried to convey the deep sense of excitement I have for where this journey has lead from January to today. This community is genuinely on the cusp of greatness, I hope you can sense that. I'm not just talking about Gamestop poppin off. Although it does have the potential to enrich for generations... This is bigger than any of us that read these posts. Who would have thought we would all be so WRINKLY! And welcoming such a legendary ape as Dr. T! My heart just bursts with pride! + +Having said that, I don't want to see any bullying of anyone around the sub -even if they are a blatantly criminal ex-hedgie having a breakdown on live tv- don't pick on people- and even if they're not real apes and pretending to be one! Be groovy or leave, man! ✌ + + + +https://preview.redd.it/bquhlbnf0vv61.png?width=554&format=png&auto=webp&s=ca5a1bc6072b618aaeb73922b35435f44683d507 + +**Be excellent to each other!!!** + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +**This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out** + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +[What is this sorcery?](https://preview.redd.it/l38mfkqp1vv61.png?width=720&format=png&auto=webp&s=3c134d81b8fea6e49c9279fa2dff890dfcd95c85) + +**Links you should read if you have time:** + +[**https://www.reddit.com/r/Superstonk/comments/mz7c7h/put\_anomalies\_pt1\_were\_127\_million\_synthetic/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/?utm_source=share&utm_medium=web2x&context=3) **(SAME AS YESTERDAY BUT STILL WORTH A READ FOR THE WRINKLIES!)** + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Edits** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +As the title says I'm curious as to what the general sentiment around the housing market is right now. + +People that have been looking are you still looking? + +Is anybody intentionally holding off? Or are you rushing to get into a place? +So I have Eth. By using MyEtherWallet I've stored keys in my Trezor. + +What happens if MyEtherWallet suddenly disappears for whatever reason. + +How would I access my Eth on my Trezor? + +I guess I should ask Trezor but I'm on here now and thought I'd throw it out there. + +TIA +I was on both sides of the coin with these sucky Zestimates. Especially they are totally off the wall, when it involves water properties & Golf course properties. + +You go to listing appointment with all your comps and seller doesn’t give a shit. All he shows me is the Zestimate. Either list it there or take a hike. It worked out well during this frenzy though and we actually sold listings at 30% over price. + +On the other hand, when you are on buyers side, you explain that those Zestimates are high and not to put an offer at that price. Lone behold, some other gullible buyers buys it @ zestimate price and now I am the bad guy for my buyer cause I lost the deal. + +Thank God, now the word is out that Zillow admitted that their Zestimates suck and lost $500 mil. + +I hope the sellers and buyers wise up and start paying attention to the local RE agents +The majority of my team has announced their resignations around the same time, including myself, and it has gained c-level executive attention, to the point where the CFO was authorized to 'pay whatever we asked'. + +Today, I indicated I would be willing to stay should I be offered a 250k retention bonus over 2 years of guaranteed employment. + +I know there are different ways that retention bonuses get paid out, and wanted to help understand some of the common 'pitfalls' that are associated with such a request. + +1. What are the pros\\cons to 'lump-sum' vs installments\\prorated payout? +2. How should I negotiate wording that wouldn't result in the company deciding at random that I didn't meet their goals and be on the line to pay the bonus back? (At will \\ sole-discretion) +3. Tax implications (eg supplemental income) + +I'm also wary of the following situations: + +1. Expectations to work insane hours, (able to bake this into the contract?) +2. Unachievable goals that set me up to fail so that they don't have to pay the full amount + +Finally, as I don't have any experience with retention bonuses myself, I'd be interested to hear some pros\\cons others have run into in their own experiences. + +Thanks in advance! + +\-r + +&#x200B; + +edit1: I did not demand the bonus, I was asked what it would take to keep me and this was my response +Ever wanted to see how it would look if someone bought ALL the dips? Here's your chance! + +&#x200B; + +EverBoom is a reflectionary buyback token that rewards its holders and buys on every sale as long as the bot is funded. BNBs from the unlocked portion of the presale will be directly deposited into the bot to eat sells. + +&#x200B; + +We have experienced based devs, marketing funds, presale that was sold out within minutes, all the ingredients are there to make this fly! + +&#x200B; + +And the best news? You’re early! We're launching in 3 hours! + +&#x200B; + +Tokenomics: + +💲 1,000,000,000,000,000 Total Supply + +💹 2% reflection to all holders + +💰 3% to the marketing wallet + +🐳 6% to the buyback whale + +🔒 70% Liquidity Lock on DxSale + +✅ 30% From the presale goes to the Buyback Bot to eat sells! + +&#x200B; + +Liquidity will be locked via Dxsale + +&#x200B; + +There's 3 members on the team, all of them trusted and experienced. One of them involved in several projects before this, that all exploded. + +&#x200B; + +Website: [https://www.everboombsc.com/](https://www.everboombsc.com/) + +&#x200B; + +Telegram: [https://t.me/EverBoomBSC](https://t.me/EverBoomBSC) + +&#x200B; + +BSCScan: [https://bscscan.com/token/0xB082Fd9E341ED77bd70a802f7734faf98D325b92](https://bscscan.com/token/0xB082Fd9E341ED77bd70a802f7734faf98D325b92) +Hi all, + +I've seen lots of posts telling apes to remove their 420.69 limit sell orders. **Those limit sells might not be from Apes.** I think hedge funds are placing limit sell orders in meme amounts to make us believe that apes are paperhanding. + +DON't ASSUME IT'S APES JUST BECAUSE IT'S A MEME NUMBER!! + +What do the hedge funds gain from this? Think about it, they know apes are looking at that data. And they have to sell to control the price anyway, so it is reasonable they will try to make it look as bad as possible or to shape the narrative around what the floor might be. + +Expect this fuckery to continue all the way to the top. Expect $1337.69 limit sells. Expect $6969.69 limit sells. Expect $420420.69 limit sells. + +DON't ASSUME IT'S APES JUST BECAUSE IT'S A MEME NUMBER!! + +I think the apes sharing the 'remove your limit sell order' posts are probably genuine apes trying to help. That is what is so insidious about this new FUD tactic. +My trading platform doesn’t allow me to buy SCHD directly. I’d like to buy some of its best holdings instead. If you could only hold 3-5 of the stocks within the fund, which ones would they be and why? Which stocks could encapsulate the purpose of the etf best? +I'm retarded and probably older than most here (30s). I have been depressed since my wife left me and took my 2 year old daughter + +I havent had the money for a lawyer and literally have been suicidal. + + +I now have enough money to get a good lawyer and get my daughter more. That evil bitch is done. + + +My life is the best it's been in 3 years. + +2 million retards combined can do anything. + + +Should I buy my wife's bf a a present ( we are still married just seperated) +Right now I just use my debit card from wells fargo to purchase everything. I do have a credit card that I rarely use. Should I switch to the mentioned method to build credit? Or maybe find another cc that racks up flyer miles? Really confused on this and that if it actually benefits my credit score + +Edit: Thanks for the responses! Looks like I'll be researching for one to get. + +Edit 2: Additional questions: + +Does it cost to use cc for bills? Has happened to me several times (Like 2-3% charge) instead of using debt + +Where to keep savings? Stay with Wells Fargo? + +I omitted that my cc has $4k balance on it (from college, used to be 8k) should I pay that off first before switching or keep paying it down and then switch once balance is 0? +[Some time ago, we made a post to discuss the attempt by the federal government to let company directors that act criminally go free and make sure that the victims of their crimes are unable to sue them.](https://www.reddit.com/r/ASX_Bets/comments/lp8czt/the_director_crims_paradise_laws_and_the_unholy/) Even when there was obvious criminal behaviour occurring, but they could argue they didn't at that moment intend to break the law, because they could claim to be an idiot. These are called the "Director Crims paradise" laws, hardly something I'd expect the government to do, but I guess I don't pay the bribes, so what do I know about how laws are passed? [There was even some surprisingly accurate media coverage.](https://www.smh.com.au/business/markets/your-rockets-are-at-risk-reddit-traders-campaign-to-save-sharemarket-disclosure-rules-20210226-p57646.html) + +&#x200B; + +The argument is that directors by default will be assumed to not act with “knowledge, recklessness or negligence” when they chose to not immediately report critical information to the market, though "accidentally" telling their mates will be fine. And by market, we mean you, they want to defraud you. You people who own shares and are their boss and a responsible for them getting paid large amounts of money. You invest in these companies in the hope that you have all the information, the same information as the others. The changes mean that it will be much harder to sue people who commit fraud on shareholders, large, small and very small . This will leave only ASIC, an enforcement agency so underfunded that its biggest cases of recent memory was a guy sharing statistics data while on the toilet who then took 5 years to prosecute. + +&#x200B; + +Yes,[this is actually a law](https://www.moneymanagement.com.au/news/policy-regulation/continuous-disclosure-bill-%E2%80%98foolish-and-dangerous%E2%80%99-senate) that they are trying to pass. [Since then, there has been a senate inquiry on the matter. The inquiry has found that the changes aren't needed, that there doesn't seem to be any demand. They stopped short of asking who has paid a bribe to who, which is unfortunate, since what’s the point of parliamentary privilege if you can't ask questions that probably will lead to MPs going to jail? Because someone might end up going.](https://www.gtlaw.com.au/knowledge/continuous-disclosure-reforms-rejected-senate-committee) + +&#x200B; + +The outcome seemed fairly clear then, since it was clear that any attempt to continue to pass the law changes were a clear sign that someone somewhere had taken some money from someone in order to allow dodgy directors (something people here are familiar with) to lie to, deceive and act fraudulently to people. They wanted to make it easier. + +&#x200B; + +[Pauline Hanson came out against the laws, showing some interesting common sense that “The government needs to abandon this attempt to shield corporations and insiders,” as she put it.](https://www.afr.com/politics/federal/hanson-s-change-of-mind-brings-continuous-disclosure-reform-closer-20210802-p58f2p) and I must say, good work Senator Hanson... + +Then 3 hours later she clearly had some meetings (or someone who advises her got a new highly paid consulting job) and changed her mind. So now she supports the change. Pauline...I'm not sure who advised you, but I suggest checking their bank accounts for suspicious payments. + +&#x200B; + +So it looks like it's time to grab a pitchfork again. Last time we did come out to say that the government should not be working with criminals to make them immune from civil prosecution, we were questioned by the regulator shortly later. Sadly, this is how it has to be. + +&#x200B; + +tldr; They're back trying to steal money from you...again +Cloning seems to be the popular term of late. Coat-tailing. Cloning. Copy cat investing. Call it whatever you want. It's dangerous. + +We just had a great example of ***why it's so dangerous***. + +Munger's operation just sold a large chunk of Alibaba. Why? Who knows. Not me! + +Popular hypotheses include: + +1. Recognition of a mistake (an *unknown* became known) +2. Rumsfeld's dreaded unknown unknown (something *unknowable* has come to light) +3. It made financial sense from a tax loss selling perspective +4. Margin call or voluntary deleveraging +5. Swapping VIE shares for unlisted HK shares +6. "Paper hands" .. really? +7. Found an even better bargain +8. Stepping down as chairman +9. CCP pressure, other behinds the scenes pressure +10. Jack Ma being exiled (ala George W., "has taken up painting") + +**The real problem here is none of the coat-tailers have Charlie Munger's phone number.** Even if you did, he wouldn't take your call. + +Nobody has the *why* behind the Alibaba purchase anymore than they have the *why* behind the selling. Every coat-tailer who bought because someone famous bought is flying blind. That's a terribly precarious place to be. + +This is a violation of one of the basic tenets of investment, Circle of Competence. Buy what you know. + +Circle of competence has a ton of benefits. Most have to do with protecting the downside. A bet that doesn't work out. What does circle of competence gain you? + +1. We are more skilled at recognizing negative developments in a business. +2. We can recognize changes earlier than others and be decisive. +3. We are less likely to ride a doomed ship to the bottom of the sea. +4. We are less likely to get off a ship suffering temporary distress at the wrong time. +5. We don't have to opine on social media, guessing about why someone else did a thing. + +Don't outsource your thinking. +Good Afternoon Apes, + +&#x200B; + +Okay, so we know that overall the Russell 1k transition ended up being a net selling event for the ETFs holding $GME. In total the transition saw a total of 2,629,434 shares of $GME be released into the free float (Which could've been gobbled up by retail or other institutions). The one outstanding factor we did not know the day after the re-balance was Vanguard. They only release their ETF holdings on a monthly basis on the 15th of the month. So I calculated the total $GME in all their funds and found that while Blackrock was a net-seller during the Russell re-balance, Vanguard was in fact a buyer. Specifically they loaded up 366,000 shares of $GME mostly in their mid-cap ETFs. This makes me bullish! (As if I wasn't already). If you know the history of Vanguard and RC we know that Vanguard was a long term believer of RC and was and is still holding a significant position in Chewy. I think it's very important to know what institutions are on the long side of $GME. [Original Data Set](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +https://preview.redd.it/bgoyhqmw9fb71.png?width=486&format=png&auto=webp&s=11b6e2593d013cfa8e579af9d595b2eb9aacfc77 + +&#x200B; + +TLDR: Tits are jacked! Vanguard has been slowly increasing the size of their position in $GME! +In the "A Millionaire Next Door" book, authors mention people, who do not have money but behave as they did. Apparently, a Texas saying for such people is "big hat, no cattle". + +I am reading posts from people of all ages, who describe their meteoric rise to wealth, getting a large inheritance, etc. In your opinion, how often such posts are fake or exaggerated? Have you met folks who create an empty image of wealth? What are their motivations, aside from vanity? I know we do not have hard data on this, but let's speculate. + +(I do not mean any particular post or user here, it is a general question.) +Since most of the comments about the coalition's policy to raid super seem to be negative, I was just wondering what would you do instead? + +I personally don't agree with the government's policy but I don't know what the solution is, would be interested to know what type solutions other people can think of. +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +Remember when he posted the song Thats Life? + +That's what all the people say +You're riding high in April, +shot down in May +*But I know I'm gonna change that tune +When I'm back on top, back on top in June* + +He knew weeks before that he would be "shot down" or rather shut down in May, but he'd be back in June. The man is a genius. 💎✋💎✋💎✋💎✋💎✋💎✋🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edited to add link https://twitter.com/TheRoaringKitty/status/1338566739110600708?s=19 +I work in insurance defense and I rub shoulders with many insurance adjusters. I am shocked by how many people tell the insurance company they do not plan to make a claim after a loved one has been killed by a negligent driver or property owner. + +Before deciding not to make a claim against someone, understand that you are literally just donating money to an insurance company. If you are understandably uncomfortable with receiving money because of a loved one's death, make the claim and donate the money to a cause your loved one cared about. + +Edit: I also want to point out that if you are partially at fault, we take that into account before making you an offer. So don't think, "well, I was partially at fault too so I'll just swallow up all the costs." If you are partially at fault, we will only offer you an amount proportional to the insured's fault. And in the extremely unlikely event it goes to trial, the jury will be instructed to do the same. +&#x200B; + +https://preview.redd.it/1gx0525isjq81.png?width=1144&format=png&auto=webp&s=0cc141c871664dbdbe40436815bc7ec45511fa67 + +[Fortune - BlackRock](https://fortune.com/2022/03/30/blackrock-president-kapito-entitled-generation-seatbelts-high-inflation-spain-us-germany-scarcity/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/yosi5rymsjq81.png?width=981&format=png&auto=webp&s=6e8eed9a5435b50d0c26db2c1b79df9165273e6a + +[Marketwatch - BlackRock](https://www.marketwatch.com/story/inflation-has-lessons-for-a-very-entitled-generation-says-blackrock-co-founder-11648637024) + +&#x200B; + +&#x200B; + +https://preview.redd.it/gpni013ssjq81.png?width=769&format=png&auto=webp&s=3cab2044168989e55983703673faef0bcdb673fb + +[New York Post - BlackRock](https://nypost.com/2022/03/30/millennials-are-entitled-generation-blackrock-president/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/isxdcz3xsjq81.png?width=779&format=png&auto=webp&s=80d076eaf318bd006dcab4877b63ada02e3ab832 + +[The Street - BlackRock](https://www.thestreet.com/personal-finance/blackrock-president-warning-entitled-youngsters) + +&#x200B; + +&#x200B; + +If I type much more than this, it will be flagged because of sub and reddit rules; anything I have to say about this fucker will get me banned. + +&#x200B; + +&#x200B; + +https://preview.redd.it/txqltgq2vjq81.png?width=319&format=png&auto=webp&s=f067667a1cb90e86e6f4c8d71903b86359490c74 +**TL;DR: Germany owns the boat \~1x with around** **~~79,600,000~~** **69.476.000 shares.** + +**TA;DR: There should be no way that armitards or other europoors own even a single share of this great company, because Germany is standing on the right side of history for once.** + +&#x200B; + +Edit: There are many criticisms to this analysis. I will try to address most of them here. I am glad that ppl are sceptical and I urge you to disprove these numbers because they are just insane. + +1. The analysis is only married couples adjusted, not couple adjusted in general: Yes that is true, not every couple holds one account but to stay conservative we can use 19% couples, 51.4% married couples and the rest singles. The resulting number is **69.476.000 shares**. 10mm less but still insane! +2. There must be a huge bias because not everyone is on the internet and answers polls like this: Almost every single person younger than 65 years old uses the internet. Google is truly amazingly capable of reaching most of these users through ads on videos, if one downloads apps or reads articles. Furthermore I would argue that tech savvy people use ad blockers and can't be reached far more likely than the generation of my parents. Check out this link for more information:[ https://www.destatis.de/DE/Themen/Gesellschaft-Umwelt/Einkommen-Konsum-Lebensbedingungen/\_Grafik/\_Interaktiv/it-nutzung-alter.html](https://www.destatis.de/DE/Themen/Gesellschaft-Umwelt/Einkommen-Konsum-Lebensbedingungen/_Grafik/_Interaktiv/it-nutzung-alter.html) +3. The data is not reliable, because it is google survey and people just click randomly and don't really answer questions: Yes it is possible that online surveys and surveys in general are flawed instruments. Yes there will always be and error in the data. But in general there is a scientific understandment, that surveys conducted like this have some value and can be used scientifically. Check out the FAQ to google survey to find out more about their approach so that you don't have to trust me here [https://support.google.com/surveys/answer/2753080?hl=en#zippy=%2Cin-this-article](https://support.google.com/surveys/answer/2753080?hl=en#zippy=%2Cin-this-article) +4. The numbers are just insane and way to high, there must be a huge error in this analysis: Yes the numbers are insane af, and even I don't know what i should think of them. If this was the only indicator of uckery I would highly doubt them, but for me there are flashing red lights everywhere in regards to GME. Nonetheless I am still sceptical. The number of Germans active in the stock market rose lately by a lot, possible in regards to GME too. I can see that in my close friend and family circle too, just check out the link for more informations:[ https://www.ft.com/content/31c4d453-498e-4cc2-b14f-d7e8b17b9221](https://www.ft.com/content/31c4d453-498e-4cc2-b14f-d7e8b17b9221) + +&#x200B; + +# 1. Shout-out and Introduction + +As you guys probably already know there was a google survey done by u/Get-It-Got and he pretty much found out that the official numbers are most likely bullshit. I myself as a mid xxx holder wanted to know how Europe and especially my country of origin is doing in regards to my favorite stock. My expectations were conservative with around 0.5% to 1% of the population as GME owners, I even was worried that there were so few stockholders, that it would be statistically insignificant. Boy oh boy was I wrong. + +My survey is a translated copy of the above mentioned survey in armitardland, so that comparisons with it and similar future surveys are possible. Countries like France, UK, Netherlands, Italy and Russia would be really interesting to investigate further, so if one of you guys are willing and still have money to spend on something else than shares, do it! + +# 2. Methodology + +**“Representative, Randomized sampling and why does it make sense for this project?** Representative sampling allows researchers to understand the behaviors and/or characteristics of a population by identifying the behaviors and/or characteristics of a subset of the population. In the case of this research, this was done through a randomized, internet-based survey that asked a very simple question about the status of $GME share ownership. + +Results from this survey to draw conclusions about the behaviors and characteristics of a wider group, in this case, the whole of the U.S. adult population. In combination with randomized sampling, it’s possible to understand things about a population of millions by surveying only hundreds or thousands of individuals. + +Representative, randomized sample is especially valuable to simply, binary data (do own, don’t own), as well as grouping (how many shares owned). Given this, and the affordability of GCS as a surveying tool ($.10/sample), this approach was sensible.” + +\- This is a direct quote from u/Get-It-Got + +The survey population is the german population above 18 years old. In the survey the number of shareholders above 65 was miniscule, so it was decided to exclude everyone from this age cohort in this analysis to stay conservative. The total number (excluding below 18 and above 65) is 51.2 million people. The percentage of married persons is about 51.4% and every married couple will count as only one possible stockholder. All in all the relevant population of this analysis is 38.03 million. + +Check out the following two links for population numbers: + +[https://service.destatis.de/bevoelkerungspyramide/#!y=2021&a=18,65&l=en&g](https://service.destatis.de/bevoelkerungspyramide/#!y=2021&a=18,65&l=en&g) + +[https://www.bib.bund.de/DE/Fakten/Lebensformen/Zahlen-Anteile.html](https://www.bib.bund.de/DE/Fakten/Lebensformen/Zahlen-Anteile.html) + +This analysis will take a conservative stance at every level. For this reason the share count of the answer categories will always be on the lower side: + +1-5 shares = 1 share + +6-20 shares = 10 shares + +21-50 shares = 30 shares + +51-100 shares = 70 shares + +101 and more = 101 shares + +The result of this conservative approach should be an underestimation rather than an overestimation. The survey took place from 07.04.2021 to 08.05.2021. + +# 3. Survey Result + +* The RMSE Score is 5.9% (not perfect but not bad either) +* 94.9% of all Germans are not stockholders of GME, 1.5% of these are former stockholders +* 5.1% of all Germans are currently stockholders +* The average german stockholder holds around 41 shares +* The german population holds around 79,600,000 shares + +&#x200B; + +https://preview.redd.it/asm2z3k4ujf71.png?width=1344&format=png&auto=webp&s=f203f69df9ca1c66f0555e696ab25cf49f55ea86 + +&#x200B; + +[Edited Spreadsheet with couple adjusted.](https://preview.redd.it/f0ru39g3qof71.png?width=810&format=png&auto=webp&s=ad9ede3f19b91546717b31e773c53c3bca7a079e) + +Check out following link for the Survey: + +[https://surveys.google.com/reporting/survey?survey=zpchvaq5cu4efhyfhjkk5c7p6q](https://surveys.google.com/reporting/survey?survey=zpchvaq5cu4efhyfhjkk5c7p6q) + +&#x200B; + +# 4. Parting Thoughts + +For me, this is confirmation bias, but keep in mind that I am no financial advisor and that english not my native tongue. Pls correct me if i made an honest mistake in my math and keep it if you find one in my language. In my opinion this data can be used for Mountaingermany (Austria) and Richgermany (Switzerland) aswell. Mountaingermany is as german as it can get. Please don’t tell them, because they want to believe that they are unique. Richgermany just laughs about our wealth and can probably buy GME with just the salary of one janitor. There is a lack of data for the rest of Europe, but if you feel like it YOU can step in! + +&#x200B; + +Edit 1: Updated Spreadsheet and discussion on top. + +Edit 2: Spelling + +Check out the following links for the armitard surveys: + +[https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/) + +[https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) +Hidden GEM is here + +&#x200B; + +\- World Class Team (Microsoft, Y Combinator, Nvidia, Visa, IBM, etc) + +\- Already listed on some TOP Exchanges, waiting for BINANCE + +\- High transparency: Update reports every 2 weeks, regular videos made by the Founder on Twitch to show progress + +\- Strong network and top class VCs. Mentioned by Willy Woo, Pentoshi, Birb, Moonwalker, StackingUSD, Martini Guy, etc + +&#x200B; + +Big Buying Opportunity + +&#x200B; + +Radix is a solid and unpumped layer one protocol and will do a full unlock tomorrow! It is a huge buying opportunity before smart contracts and ecosystem come into the play. I personally expect a dump happening within a few days given the fact of there are early investors but it will create a very good entry point for the new ones! + +&#x200B; + +Be part of our community: + +&#x200B; + +JOIN RADIX TELEGRAM GROUP: [https://t.me/radix\_dlt](https://t.me/radix_dlt) + +&#x200B; + +100x potential is the truth + +&#x200B; + +For more information: + +Links: + +Website: [https://www.radixdlt.com/](https://www.radixdlt.com/) + +Twitter: [https://twitter.com/RadixDLT](https://twitter.com/RadixDLT) + +Discord: [https://discord.gg/WkB2USt](https://discord.gg/WkB2USt) +Looks like this is after effect of luckin coffee, many of China based companies listed in US exchange gets their result audited by Chinese auditors but US watchdogs can't see their books. + +Ref: [https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges?utm\_medium=social&utm\_campaign=socialflow-organic&utm\_source=twitter&utm\_content=tv&cmpid%3D=socialflow-twitter-tv](https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=tv&cmpid%3D=socialflow-twitter-tv) +That man was streaming 7 hrs a day to 10 viewers talking about gme, laughing, drinking beer. + +Now he is gonna have fukin 100k viewers swallowing his every word. + +What would be fucking epic is that when he turns on the stream for the first time after all this, he just sits there for few minutes just smiling into the camera with his red headband while 100k apes are going wild fucking apeshit in the chat meanwhile he is just sitting quietly. + +I fucking love him and all of you +I can’t stress this enough. Even if you think you’ll be able to acquire more shares doing so, it’s the worst possible thing you could do. 1. Options trading is gambling, so what happens if you lose it all? 2. Selling those shares drives the price down meaning it’s difficult to hit on those options that you now bought after selling. + +If you have the money do decide to go the options route Only buy ATM call options. $210-225 seems like a good range! + +BUY HODL DRS! + +This isn’t financial advice. I’m very stupid. If I wasn’t stupid, I would be on a yacht right now +**Update: Thank you for the advice. I logically explained my rationale and my requirements, they did not balk and said they need to talk to comp team and will get back to me. Wow...** + +&#x200B; + +Hi - I am not a true executive but in the $400K range within Financial Services, a few years away from "making it". I've been getting messages from recruiters on LinkedIn and have had some conversations. One of them has led to the brink of an offer. My current company is a better name and I am on a solid path, but it would be a bigger role and could potentially help me fast forward a couple years. + +I fucked up by at the beginning of the process telling them my current comp and that I would at least need that to switch. But in reality I would need $600K or so to see it as a worthwhile switch. How do I communicate this without offending them or having them think I misled them? + +Also, is it going to burn bridges and leave bad blood to wait for an actual offer in writing and **then** reject it (let's say because I have a conversation with my current employer and they sweeten my situation)? + +I am a people pleaser and feel very uncomfortable leading people on, but I am not sure how else to test the market. It feels like somebody will get upset and feel strung along either way. Not sure how to best proceed. + +Figured this would be the best forum where people may have gone through similar things in their careers. Thank you in advance for any guidance/thoughts. + +&#x200B; + +&#x200B; +September marks the end of the moratorium on insolvent trading. Many, many Australian companies will enter administration between now and mid 2021, but most will restructure and continue to trade. + +When a company enters administration it means that they can’t make a profit any more, can’t meet debt obligations and need a third party to step in and take over. At the point, this party (the administrator) acts in the best interests of the creditors to get some money back. The bigger the company and the stronger their brand is, the more likely it is. + +Amongst many others, so far this year, Harris Scarfe, Sea Folly and Jeans West have entered and exited administration. The administrator axed unprofitable business units and then sold a profitable core to another party to recoup some of what was owed to financiers and suppliers. + +If there is nothing to salvage, the company may go to liquidation which is where it really ceases to exist. + +We will see many, many more. STA went into administration today - they’ll probably close a few stores that were losing money, shake rental obligations then reopen is a smaller chain. + +TLDR: administration means someone took over to work out what can be salvaged from a business to get some money back for suppliers. Liquidation means they’re gonezo. +So my husband and I were planning on buying a house this year. Preferably before October. We have the down payment as of now, but haven't shopped around for our banker/interest rates yet. (Were planning to middle of March, but we all know what happened with that..) + +Things are going downhill fast in terms of the economy, obviously. Our initial thought was that, after this covid-19 business has died down, interest rates will be low and it will be a buyer's market. But then we worry about selling in 4-6 years. + +What are the possible pros and cons to buying this year? Should we just wait another year? Or will things not be any better in a year and it won't matter? + +I understand this is all speculation and we won't know what's going to happen, but any advice/thoughts on this are appreciated! + +Edit- since it's come up a lot, my income is secure. I have a job that's not going anywhere. We're buying on just my income, too. So husband's income will be towards living expenses/savings. +I’m a guy in my early 30s, in a pretty secure public sector role, and I earn a decent living. No debt aside from the mortgage, and I worked hard to get here. Recently I’ve been getting incredibly bored (uninspired?) in my role, and this has been exacerbated by the pandemic. This is due to working from home, which has taken its toll on my motivation and drive. Tons of work, which doesn't feel rewarding, and little feeling of being in a team due to being so isolated. Meanwhile, I’ve also been working (volunteering) in another public sector role which has proved far, far more interesting and 'hands on'. + +I have an opportunity to take up a professional position in this other public sector role, but I would be starting out again at the very bottom on about £21k (£24k in the second year). I can’t stress enough how much I love the work, and how much more interesting it is than what I currently do, which is the only reason I ever even considered it. It's also pretty secure in itself. Said new job would have annual increments, so after 7 years the salary automatically rises to, let’s say, £50k with overtime. Basically, I can eventually claw my way back to what I’m already earning. That’s a long time though, and the first few years would be tough. On paper, I can make it, it would just mean a lot of sacrifices over the first few years in particular. + +I’m pretty good at saving, budgeting and generally just being financially responsible. I calculated my projected in/outgoings from the new job in a spreadsheet, and I just about managed to balance my budgets. I used to be confident that I could do this. However, recently I’ve been having doubts due to the state of the economy and what’s yet to come in the next couple of years. I don’t exactly want to ‘wait a few years’ and see what happens, because when it comes to the new job, the younger you are the better (should've done this in my 20s, obviously). + +I’m not here to get you to talk me out of making the move. In any other time, it would be a no brainer to switch to my dream profession. I’m just asking for reasonable/impartial advice, because this may be the most difficult decision of my life (no pressure). I’m biased by following my passion, but I need to be sensible too. I guess this is where I’m hoping you could come in. Thanks for any advice, peeps. +Queue the Total Recall memes...this is big. + +&#x200B; + +[I can taste it! - BlackRock](https://preview.redd.it/o2fr6088gys61.jpg?width=311&format=pjpg&auto=webp&s=a9de127791b428513d39afd5e7f1b9f85b5e852a) + +Let's dig in. So lots of talk in the DD's recently on how this whole situation may have been a big trap that Black Rock set for the Hedge Funds and Citadel. Simple logic really, story goes like this: + +* Black Rock is an historically a long-positioned asset manager. +* 2015-2019 Black Rock sees Hedge Funds short brick and mortar retail to bankruptcy...."*hmmm what can we do about this? this is damaging our assets? Is this an opportunity for us?*" spoiler alert: yes! +* 2020 COVID 19 hits, Citadel and HF's go into a feeding frenzy with shorts. +* Black Rock...."*let's try something....loan the hell out of our shares to these bastards*". BR proceeds to suck up millions of shares at a bargain - and keeps loaning them out, like giving line to a fish that you already hooked. +* Black Rock: "*the HF's are playing right into our hands! Wouldn't it be a shame if a millennial became the Chairman and CEO of a company that is historically loved by millennials?*" I wouldn't even be surprised if BR was doing some demographics analysis on US REDDITORS, especially WSB in fall 2020, to see what the mood on RC was back in 2020. They discovered we grew up buying games at GME. They discovered we hate hedge funds just as much as them. They discovered RC would be the perfect thing to turn around their *beloved* GME asset. +* HF Shorts double down, except they add to their firepower not only the lent-out shares from long positions, but also borrowing shares from Brokers will dumb retail on margin (cough cough RH cough cough). Of course, Vlad and RH are Citadel's puppets. Probably didn't even realize they were being used by Citadel. +* Citadel uses PFOF from select retail investors to simulate/model (on a probability basis) the behavior of ALL retail. Even 10 or 20% of retail PFOF data would be enough for them to simulate and extrapolate this data to ALL retail. They know your hand, they keep pumping it down. +* Retail and Reddit smell something is up and jump on the stock (although we didn't quite understand the full picture yet) +* BlackRock: "*oh shit...retail turned this play from a savvy asset management move to a powderkeg - retail is vacuuming up all the short sold shares, uh oh we didn't plan to do this..*.*this could get ugly..*.we *created a monster...*" + +That brings us to today. Fundamentally, what was Black Rock's play here? Why would they loan out shares for a small borrow fee, so that the price of their own assets could be driven into the ground? Obviously Black Rock was burned on a couple brick and mortar bankruptcies pre-COVID. Obviously they would be looking for a way to stick it to the shorters, and they found it. + +**So how do you combat a short seller?** I wrote a piece on the fundamental market transactions that you can perform with an asset (like a share) in a market. Read up on it here: + +[https://www.reddit.com/r/Superstonk/comments/mpjunr/market\_fundamentals\_of\_short\_selling\_why\_it\_is/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mpjunr/market_fundamentals_of_short_selling_why_it_is/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +TLDR; I conclude that SHORT SELLING has **no known inverse market transaction**. BUYING is the natural inverse to SELLING. CALLS are the natural inverse to PUTS (for the derivatives market - see link above). So what is the inverse to SHORT SELLING? Long selling? Short Buying? ....never heard of those terms, I don't think so. + +Then it hit me and I think my brain gained a wrinkle..... + +# RECALLING LENT-OUT SHARES IS THE INVERSE MARKET TRANSACTION TO SHORT-SELLLING!!!! + +This is why I think BlackRock will recall their shares. Additional considerations below but first, let me summarize *why a share recall is the market inverse of short selling*: + +* Selling short means you **borrow** a share from a share owner for a fee (borrow rate). You then sell that share on the market. Thus, the shorter effectively has two IOU's, 1) to deliver the share back to the lender, and 2) to deliver a share to the person they sold it to. +* This creates a **~~synthetic~~** **induced supply** of shares. The lender thinks they own a share (they do) and the person who bought the share from the short seller thinks they own a share (they do) - BUT THERE IS ONLY ONE SHARE. +* Thus, the market responds to the additional share supply pressure by dropping the price. Simple law of supply and demand. +* if every market transaction has a yin and yang, what is the ying to short seller's yang? Well, if short selling creates a *~~synthetic~~* *induced supply* of the underlying asset, you need a transaction that creates a S~~YNTHETIC~~ INDUCED DEMAND. What is that transaction? TOTAL RECALL. Let me explain: +* ~~When you recall a share, you create synthetic induced demand because it forces the short seller to find a share and cover. If one share one lent and re-lent many many times, recalling that share reverses (literal UNO reverse card) all those short sell transactions that flooded the market with synthetic supply. The recall forces those transactions to be covered.~~ **~~So recalling ONE share forces a synthetic demand to hit the market to close every short position represented by that share.~~** *~~The natural inverse of the short sell.~~* ~~See my post linked above for a more detailed discussion.~~ **EDIT** this comment may require additional analysis by others to confirm. I’m open to feedback on this piece. Regardless if it collapses a single synthetic supply, or multiple, still needs more analysis, as rightly pointed out by u/Galbert123. Nonetheless I think the following still holds, as a recall could be a possible catalyst for the MOASS. **DO NOT SET A DATE.** + +**WHAT THIS MEANS and MY PREDICTIONS (not financial advice)** + +* NOBODY should give BlackRock a hard time for this fundamental market transaction: share recall. This is 100% the short sellers fault. Recalling a lent out share is a fundamental right of a shareholder (**Edit - subject to the terms of the contractual agreement between lender and borrower, but c'mon there is always a termination clause).** +* Black Rock always planned to recall this month. All the cryptic tweets point to this. +* Reddit smelled what was going on and jumped on this. HF's doubled down. Turned this smart investment play by Black Rock into a market-threatening powderkeg. +* Upon realizing the powderkeg this play turned into, Black Rock told the DTC to get their ducks in a row and prepare for the nuke to drop. DTC said ok and instituted new rules. Black Rock keeps the borrow rate low and price in check while the ramparts are shored up. (remember, they are long on many other positions and down want this nuke to blow up in their face). +* Black Rock increases their cash reserves waiting to pounce on the inevitable market dip while they cannibalize Citadel and the HF's corpses. +* The HF's are in such a hole that either the share recall will trigger the MOASS, or margin-called hedgies trigger it (when high borrow rates hit). Either way it is a massive chain of collateral dominos that are about to fall and will crush the HF's and Citadel. +* Is Black Rock our friend? Well, they might be right now. But should we be worried when the MOASS turns them into one of the most powerful financial entities on the planet? Ya maybe we should be a bit worried. They are no angel either. +* Black Rock wants to trigger it by doing the share recall. Waiting for borrow fees to rise and panic-margin calling to set this thing off is NOT how they want to play it. They want to know when and exactly how this will play out, and they want to be in full control to capitalize on the fallout. There is too much risk in just letting this go on too long. + +**TLDR;** share recall is the fundamental inverse market transaction to a short-sell. Black Rock laid a trap and is about to unload on the shortsellers. Get ready for a big correction. + +Not financial advice this is all opinion and hypothetical. + +\*Edit - changed flair to opinion as rightly pointed out by many. This is not intended to set a date. Squeeze could be triggered multiple ways, this is just a narrative that attempts to connect the dots. +As per title. How do I convince them to do something more sensible with it? Their primary (largely, as I see it, irrational) concern is losing the lot to some sort of investment scam, or losing a big chunk to some sort of dot-com-bubble 40% crash. + +This would have been intended for a house purchase, but we live in a house I own. We expect to get married a some point in the nearish future, but have separate finances for now, with me paid a contribution towards the bill and mortgage interest. With a high paying job, my partner's savings are growing fast, and we have no immediate need for them, so they have the potential to help us bring forward retirement. + +So how do you convince a very nervous investor that keeping cash in the bank (zero interest, too nervous to even switch a bank account) isn't the best move? +There are a bunch of discussions going on (some informed others not so much ) about what is going to be successful and what is going to crash in 2018. I thought it would be great to consolidate peoples positions in one easy to find post so our future selves can easily revisit (to cry over/to smugly refer people to/to quietly smile and pat yourself on the back/etc) + +I invite you to look into your crystal balls, post your picks and set a "remind me". The more detailed your prediction the more bragging rights or mockery your future self will earn! + +I will start with mine: + +NEO - to the stratosphere + +Stellar Lumens - to the mesosphere + +IOTA - to the International Space Station + +Bitconnect - will die in an alley during a deal gone bad + +Bitcoin Gold - will die of untreated diabetes + +Eth classic - will go missing and will be presumed dead + +(I posted this in r/cryptocurrency too. I hope that doesn't break any rules. I meant to post it to this community but posted it there in error and I can't delete it because people have started to respond. Not my intention to spam but I want people here to take part) +I have traded both equity options and futures options, now I trade futures options exclusively for the past few years, I trade neutrally and sell strangles/ICs with at least 45 DTE, here is why I trade futures options: + +&#x200B; + +\- MARGIN REQUIREMENTS + +Futures use what is called SPAN margin, basically giving you more leverage to trade with, here is an example(Both positions will pay a premium of $6,000): + +SPX 1 lot short strangle with 54 DTE (C-4980/P-4400) margin requirements: $50,118 + +ES 2 lot short strangle with 54 DTE (C-4980/P-4400) margin requirements: $29,882 + +Both products follow the same price, ES is mini S&P futures. + +In some cases the difference is a big as 10 times less margin requirements for the same premium received on the same products with futures. + +It gives me more flexibility in managing my account in terms of margin requirements because they change everyday and usually increase. + +&#x200B; + +&#x200B; + +\- TRADING HOURS + +The futures market is generally open 24/6 with one break between 5-6pm, same goes for options on futures! I can basically trade them whenever I want, now not all futures have the same opening hours! it varies from sector to sector. + +&#x200B; + +&#x200B; + +\- DIFFERENT UNCORRELATED SECTORS IN THE FUTURES MARKET + +There are 8 major sectors in the futures market: Agriculture, energy, metals, bonds, indices, currency, product & produce and live stock. + +Most sectors are not correlated to one another, meaning if one sector is down hard, it generally doesn't affect the other ones. + +This allows me to have 7-8 small positions open, each belongs to a different sector, therefore less P&L volatility and overall more profitability. + +Yes I did trade during March 2020 and two of my positions (CL, ES) got stopped out, however the other positions were okay for the most part and turned into profits. (It wasn't that simple, I had to manage my positions creatively but none of them reach my stop loss). + +When trading equity options, if SPX is down, everything is down for the most part and it is extremely dangerous in my opinion, especially during these times. + +&#x200B; + +&#x200B; + +\- COMPLEXITY + +Futures options are more complex than equity options, for someone who is looking to get into this world, do your research! It is extremely easy to miss out on a small detail and blow your account. + +However when you understand futures options, you see how you have better tools to manage risk comparing to equity options. + +&#x200B; + +&#x200B; + +\- FEES + +Futures options have higher fees than equity options. + +Depending on your broker (I use IBKR) fees can vary! + +Fees are usually twice the amount with futures options, some products have higher fees than others but in my experience it makes zero difference, for smaller accounts under $5K it does matter. + +&#x200B; + +&#x200B; + +\- FUTURES OPTIONS ARE EUROPEAN STYLE + +Most futures options, not all, are European style, meaning they can only be exercised at expiration if ITM. + +Equity options are are American style and if ITM can be exercised before expiration as well. + +I think it is a big benefit as you definitely don't want to get stuck with futures contracts in your account before expiration. + +&#x200B; + +&#x200B; + +\- FUTURES RARELY HAVE GAPS + +There are gaps in the futures market, however it is very uncommon because the market is open all day. + +Stocks on the other hand gap almost every day! (The SPX gaps because of ES movement when the stock market is closed) + +This "feature" gives me a bit more rest of mind because my positions are open overnight for 17 days on average. + +&#x200B; + +&#x200B; + +\- FUTURES OPTIONS HAVE NO STOP LOSS ORDERS + +Yes, you heard right, CME doesn't allow stop loss orders for futures options. + +Equity options have all types of stop loss orders which I wish futures options had. + +My solution? I use IBKR and there is a workaround with OCO orders on their platform, it works okay when the price doesn't move too quickly, but you still get a bad fill. + +I usually close my positions manually for a loss if I can. + +Take profit orders work perfectly. + +&#x200B; + +&#x200B; + +\- THERE ARE ONLY ABOUT 23 LIQUID FUTURES OPTIONS + +Only 23 products to chose from with futures options while equity options have 100s of liquid stock options. + +It is a blessing in my opinion, less selection means you can be more focused on what you have and you get to know the products very well over a few years on trading, how they behave and what a 'typical' winning or losing trade looks like. + +&#x200B; + +&#x200B; + +\- THE FUTURES MARKET IS LESS POPULAR AMONG RETAIL TRADERS + +Because of the above reasons the futures options market is less popular among retail traders comparing to equity options, and I see it as a massive advantage for a number of reasons which I will not get into in this post, that topic deserves its open post. + +&#x200B; + +Hope this post helped a few to get a bit more insight into futures options and my mindset regarding options, let me know if you want more posts about things I learned over the years! +Hypothetically if someone gets $1,000,000 and wants to put it somewhere so they can live off the interest it generates. Roughly how much would it generate? What are the needs to know? What kind of tax problems should I expect? Who would I go talk to to set this up? I'm worried + + +44M, married, no kids, no debt, unemployed, renting apartment, two paid-off cars, no 401k, no IRA, received $500k cash windfall. wife makes \~$65k/yr gross. + +I was taking care of a my mom for the past year and a half. She passed and left me with an inheritance of over $500k. One of the first things I did was pay off our new car, which my wife had been making payments on. So we have no debt, but I'm not yet employed and have no retirement investments like 401k, IRA, or owning a home. + +I've been learning a bit about investing, but it's new for me, so I'll be seeking a consultation with a fee-only fiduciary. I had one meeting with a commission-based advisor, who suggested an income portfolio for me. It sounded like a pretty nice idea to have monthly income from a portfolio, but I didn't dive in with a large investment because I've repeatedly read about the importance of a fee-only fiduciary. I did spontaneously put $80k in a 9-month CD at 2.5% APY, which maybe was dumb; I consider it an emergency fund. I still have about $420k just sitting in a savings account that is ready to be invested, and I don't think I'll need to draw from it for at least couple months, while unemployed and drawing from my checking account ($10k). + +I don't want to rush back to employment, but do some light traveling like camping and road trips, pursue my low cost hobbies and art, and manage our household (chores). We're talking about having children, so I may end up as a stay-at-home dad for a while before returning to work. Our dream would be to raise our kids in a home that has a yard (for our dog), but such a family home in our area is $700k - $1m these days, so I don't know if that's feasible. + +For retirement, I'll eventually receive inheritance from my dad in the future, who has over $400k in savings that he's unlikely to ever need, want, or even know what to do with. I might help him invest it as part of managing an early inheritance. + +Now some of my questions: + +1. Does an "income portfolio" sound appropriate for my current situation? +2. What kind of considerations should I make when balancing income, growth, risk? +3. What questions should I ask a fee-only advisor? +4. Are investment apps like M1 Finance and Dizraptor secure? +5. Are index funds only for growth, or can they be for income? + +Thanks in advance for answering any of those! +I checked out [this recent video](https://www.youtube.com/watch?v=bEQbpmqyVEk) out hoping that it would shed some light on how someone could be financially stable and growing their wealth *outside of the current week-to-week survival lifestyle.* Instead, it highlights a 32 year old waitress who makes $50-55k waitressing and $5k dancing who has no retirement savings with no plan to, shares a place with two roommates, has $5k in savings with what seems like no idea that she is losing more and more potential wealth every day of her life. + +Now, don't get me wrong, people can and should live however they damn well please, but I was saddened that CNBC was selling *this* to millennials as a way of life instead of accumulating wealth to say, buy a house or retire before 65 anywhere else but in the middle of Kansas. And kids? Forget about it. + +I'm frustrated that this is what my genertaion is reduced to - being happy about being ignorant poor. Thinking it's OK to strive for this woman's lifestyle while thinking "this can't be right, right?" in the back of our minds. All the while, the rich stay richer and the ignorant stay ignorant. + +This hit me personally because I grew up blue collar and I know most of my old friends and family would be super happy to see this video, but they'd have no idea what they're missing or why. +Why would for example a machine losing value through wear and tear create value for a country. From what i know GDP represents the final sum of worth from all the goods and services produced in a year, but how does depreciation create value? +Written by Acceptable-Dish5279, published on DD into GME. Give this guy some upvotes….. original author, I figured an account with higher karma Would be able to spread the word easier which is why I borrowed it, don’t forget to give this ape his credit + + +First off, everybody make your own decision with your own investment… + +“Misinformation CAMPAIGN RIGHT NOW. + +I made a post earlier and with discussion with people i realized that my post was not clear and was missing information with all the discussion i decided to make a more complete one, i hope you enjoy it! + +what DRS is ( it's like a physical certificate but not physical! ) + +[https://www.sec.gov/fast-answers/answersbookentryhtm.html](https://www.sec.gov/fast-answers/answersbookentryhtm.html) + +[https://www.investopedia.com/terms/b/bookentrysecurities.asp](https://www.investopedia.com/terms/b/bookentrysecurities.asp) + +Hi everyone! I want to start this DD that with some research and even the confirmation of DR.T from tonight talk on twitter, i can confirm that shareholder discussing of a broker change all together is not collusion since we are all already shareholder, just to make everything clear. + +First of all i want to bring my point of view here , i will not assume anything, in this post we will take the most conservative view to review our option with Computershare and our transfer and look how and why it's a good idea too but also mentioning a theory of mine that link everything together. + +*TLDR at the end :)* + +**CYBERATTACK THE FORUM IS UNDER A SIEGE!** + +What i am talking about, well you all saw the FUD when it happen, it's pretty obvious but what about the timeframe that we are under attack? + +* When the stock goes up , we have misinformation to make people play with option and sell their option worthless. +* When the stock goes down, we have FUD to make people sell their share. +* When we have no up or down but sideways, we can see those big headline in media that the squeeze is done and there will me no more, BUT WAIT there's a catch too! + +I realised after seeing many post that people in the subs were noticing too many Computershare post, but what's wrong with it right? Let me start with couple of screenshot took on the most popular subs of GME within 5 minute. + +The screenshot down here are from holder not SHILLS , i double checked! But with a lots of research i found a couple of account talking about infinity pool and DRS 20% of their share and funny enough , looking into their historic they seemed to be shills . But why shills want us to DRS ?? They don't but they know we will so my assumption and pure speculation is that it's to make us think that sending 20% is enough or even 40% could be enough. Those screenshot just demonstrate that the narrative did reached holder and impacted their thinking about DRS as only an infinity pool where we need to send a small portion of our share. + +&#x200B; + +[Not a shill , it's a regular holder](https://preview.redd.it/dpgqvdz24eo71.png?width=877&format=png&auto=webp&s=d976e8b21ca79f4b2c226e5cd831f1b14a3eb0d4) + +What in this screenshot is obvious to you? + +&#x200B; + +[again a regular holder that take for granted the float](https://preview.redd.it/b5fq3pp44eo71.png?width=656&format=png&auto=webp&s=6070b65553a41670d62249fc0691d1594ec65466) + +What about this one? + +There's a correlation between both and it's the fact that we send only a portion of our share and not the majority of it. + +So what? I will first show you my view on it and then do the math for you so we can agree on the portion we need to send to have a real impact on our favorite stock.( Remember it's not collusion since we are all already shareholder, it's in our right to discuss this just like when we did when we transferred RB to Fidelity) + +The tactics in war ,when you know the inevitable is going to happen , your only way out is to divide ( we know all what i'm talking about here) and and the second thing to do is to spread misinformation in the community to make it straight up assumption from all their member. The misinformation might be the % of share we send. As far as i'm concern the historical squeeze happen because company DRS their share not a fraction of it but all of it. Keeping you from DRS 90% or even 100% of your share is pure misinformation from my perspective. + +We need to stop taking from granted that we own the float many time and take action in consideration that we might not. + +We all take for granted that we own 6-7-8-9 times the float name it some even say 10 times! But the reality is , we don't know and no survey or information at our disposition right now can confirm this by any mean. + +So let's say we own 6-7-8-9 times the float, it is fair to say if we DRS 20%-30% or even 40% or our share, we are good to go right? But remember any of those number have any evidence whatsoever! + +So to be rational in any situation where we have a lack of information is to take all possibility , review them all, and make sure to considerate ALL OF THEM , not only 1 or 2. Here i am going to do the math for yall so we can review EACH POSSIBILITY without omit any. + +We need just a little bit of information before we start speculation! + +* First , not all GME holder will DRS their share , some country straight up can't , some other country have the possibility but the fee are too high for low share holder counts, an other problem is that retiring account if you remove your share from it because you can't DRS from it you will straight up be charged taxes and some people simply can't afford it, we also have to take in consideration all the people that don't use reddit and are not aware of DRS and probably many other factor that i can't even think about. +* We can assume from the SI reported in JAN that the float could be 300M share let's say up to 600M if they kept shorting it. But for the math i will take the most conservative data which is 226% SI so 300M share floating around +* i came to the conclusion that around 55% to 70% of the holder at best can DRS their share so when the math down is referring to 55%(HOLDER) , this is what i will refer to, i take 55% because it's the most conservative number. +* But wait this is not it, there's 1 more thing to take in consideration before we proceed, NOT 100% OF OUR SHARE WILL BE DRS, we will all conserve a proportion of our share in a broker for the most part! So it's fair assume that most people will DRS from my own research so far, something between 20%-50% of their share. I did a lot of research on all forum and this seems to be the narrative pushed on the forum( You start seeing me coming???????) + +The math below will only take the most conservative number to make sure our view is center on the worst case scenario and not the best one since the worst is also a possibility. + +***1rst POSSIBILITY, we own 1 x time the float.*** + +worst case If we own 1 time the float which is 56M share and we DRS 20% of our share we would have 11,2M share in our name. But only 55%(HOLDER) will DRS so we drop down to 6,16M share + +best case If we own 1 time the float which is 56M share and we DRS 50% of our share we would have 28M share in our name. But only 55%(HOLDER) will DRS so we drop to 15,4M share + +***2nd POSSIBILITY, we own 1.5x time the float.*** + +worst case If we own 1.5 time the float which is 84M share and we DRS 20% of our share we would have 16.8M share in our name. But only 55%(HOLDER) will DRS so we drop down to 9,24M share + +best case if we own 1.5 time the float which is 84M share and we DRS 50% of our share we would have 42M share in our name . but only 55%(HOLDER) will DRS so we drop down to 23.1M share + +***3rd POSSIBILITY, we own 2x time the float.*** + +worst case if we own 2 time the float which is 112M share and we DRS 20% of our share we would have 22,4M share in our name. But only 55%(HOLDER) will DRS so we drop down to 12,32M share + +best case if we own 2 time the float which is 112M share and we DRS 50% of our share we would have 56M share in our name. but only 55%(HOLDER) will DRS so we drop down to 30,8M share + +***4th POSSIBILITY, we own 2.5x time the float.*** + +worst case if we own 2.5 time the float which is 140M share and we DRS 20% of our share we would have 28M share in our name. but only 55%(HOLDER) will DRS so we drop down to 15.4M share + +best case if we own 2,5 time the float which is 140M share and we DRS 50% of our share we would have 70M share in our name. but only 55%(HOLDER) will DRS so we drop down to 38.5M share + +* I will take a pause there , i think i made my point from here, thinking that 20-50% of our share DRS is enough is already saying that those 4 possibility are not realistic ( but they are....). In reality to make those 4 possibility in our favor to squeeze, we would need to send not less 90% of our share. So just like the meme anything below 50M is FUD, i will create the anything below 90% share DRS is indeed misinformation to the shareholder. +* If we own 1.5 time the float it doesn't mean no squeeze guys just to be clear , there's plenty of room for a massive squeeze like the MOASS, we could sell 30% of our share and still be ok to infinity. They still need to buy-back all the synthetic + the exceeding of the float that we own. + +Now can you see why it's in the best interest of MM and SHF to push the narrative of the infinity pool and sending 20-50% of our share to registration is probably misinformation? Because there's a possibility that we own between 1 time to 6 time the float and in all those possibility, we will never squeeze if we send only 20-50% of our share. To be proactive i will take the most bearish view and assume we have 1.1 time the float so on my behalf i will send 90% of my share to make sure if it's the case we will still squeeze. The blessing of the freedom to chose how many share we DRS! + +**BLUE PILL OR RED PILL?** + +Let's think about the moment SHF or even MM have not enough collateral and they collapse. I keep seeing post like the 350$ is the point where they collapse , HOW DO YOU KNOW? really i want to know, show me your evidence for fuck sake? In reality their breakpoint might be 2000$ and we will never know it until we reach it. + +So assuming a market crash will indeed cause the squeeze is on my opinion totally wrong. There's only 2 options to me that are realistic for the squeeze to happen. + +1. RC recall share for any reason like NFT dividend, switch to on blockchain broker instead of DTCC holding the share or who know what he got in his sleeve. I'm sure he have something but i don't know what and i don't know when maybe soon maybe not! +2. We DRS the float , case close. +3. I know there's other possibility but i discard them as very unlikely to be honest with you. + +Which rational scenario do you prefer the most? I honestly think that DRS 90% of our share is not that hard... We would stop talking about it in 1month at best right if indeed we own at least 1.2 time the float? They can still borrow at that point phantom share and prevent the squeeze but this will show the criminal side of their game in literally plain sight. It's like requesting all share certificate and we are still seeing share trading on the market , from this point theses criminal are completely fucked. The redemption of the justice! + +**THE ILLUSION OF THE CHOICE.** + +I see many of you telling me hey but when the squeeze happen, it will be hard to sell with Computershare and i rather sell with my broker. This is all illusion , you take for granted liquidity in the market, you take for granted that when you will want to sell your share there will be a buyer. At millions per share, there might be absolutely no liquidity with broker or Computershare , it doesn't matter , it won't work how you want it to work. At this point Computershare of broker doesn't matters. + +It's an illusion that you have that liquidity with GME is forever and ever. Let me tell you when the recall will start. There will be not even FOMO simply because share won't be accessible. The only entities that will buy will be the SHF or MM that are short on the stock so your fear of DRS should down from here. + +Not just that but remember in the squeeze the price will probably still be wrong and the only way of selling at our price point will be to wait a long time before it reach our price point. At example 1M per share with Computershare it might take month and it won't drop down from 1M to 20$ in a week , o hell no!!!! So even if it takes a day to sell because of too many people trying to sell , the broker will have the same problem. + +**CONCLUSION AND TLDR** + +I take a conservative approach to the DRS. And with basic math show that 20-50% share DRS won't be enough in many possibility regarding the float that we might own which is very different from the float of share floating in the market. The 20-50% is probably number pushed by MM and SHF to make sure we don't DRS enough share. They create problems that don't even exist and make you doubt that 90% of your share in Computershare is a good idea. + + I like feedback on this post i make correction when i'm wrong or insinuate something i don't want to. I just want everybody to be on the same page.” +This applies to many countries but I'm using the UK as an example. The source for all claims in this post is the [Office for National Statistics](https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/ageing/articles/howwouldyousupportourageingpopulation/2019-06-24). + +The UK population is ageing because of a rise in life expectancy and falling fertility rates. Because of this, the proportion of pensioners to taxpayers is growing. Since pensions are paid almost entirely from working taxpayers under the age of 60, the problem of sustaining pensions becomes more difficult as the population ages. + +One common solution is raising the retirement age, but this cannot be done indefinitely due to obvious physical constraints on the elderly. The other well-known response is to make up for falling fertility rates by increasing immigration levels. Migrants, who are typically of working age, would ensure that the number of taxpayers rises to match the growing number of pensioners. + +Ignoring any potential future technological developments, in a hypothetical scenario where life expectancy increases to 120 and retirement age rises to 80, how would pensions be paid if fertility rates remain low? Is bringing young workers from abroad the only solution? Is a population increase always necessary, and if so, what happens when overpopulation becomes unsustainable? +Not financial advise. I see a lot of yield chasers on this sub, especially younger folks just getting started. I understand, that's how I started out too when I was 18 (I'm only 30 now BTW). It's an easy analysis to look at the yield and do a quick assessment of whether you think the company can keep it up. But the reality is, high yields come at a cost. I've learned this over and over the hard way. And the cost is either A) that dividend ain't gunna continue (ultra high yields); or, B) it's barely going to grow (mid-high yields). So when you look at yields today we see a 10 year treasury giving 1.3-1.5%; and the S&P500 giving an effective 1.1-1.3%, you have to ask why are those so low and I can find energy companies, dinosaur telecom, tobacco, and distressed REITs giving 5,6,9% div yields? Is everyone else stupid or am I missing something? Probably the latter for the majority of the positions but of course not always (explained more in 4th section here). I do own some higher yield positions but it's not the foundation of my portfolio. My dividend growers are. My yield plays are either betting that the market has something mispriced at that time or they are just a better (and more tax efficient) bond alternative for my portfolio. + +I did a little scenario here to illustrate the concept of dividend growth vs. yield (see bottom of post). Security A has a 7% yield today but is only growing it's dividend by 1%. However security B has a 2.5% yield but is growing it's dividend at 15%. With security A you'll make more dividend income over the next 10 years. But with security B you will have a better 10 year yield on cost. It's probably not completely kosher but the logic is the same. Security A is fine if your priority is yield today. But security B is better if you're still a ways away from passive income. Bonus is security B will have much better share price appreciation along the way. + +The higher yield companies are generally going to grow their dividends slower then the lower dividend yield companies. Or they will be cut or suspended at some point. That's why the yields are higher. It's either because they have a higher payout ratio and management has less income left over to reinvest into growth & sustainability. OR it's because they are distressed, facing competition, weak balance sheet, etc. etc. Personally, I would take the lower yield that has the higher probability of growing it's dividend more aggressively. + +Anyway, it depends on your age, goals, etc. My point here is only that you should not only prioritize yield because yield comes at a cost. It's risk. Of course there are exceptions. I bought AVGO at a 5.5% yield, CAT at 3.9%, TGT at 3.6%. And I'd consider all of those great dividend growers but they were all during steep sell-offs or just immense pessimism about the stock/ industry that I thought was overblown. Like wall street loving AMZN and thinking it'll put every retailer out of business. March of 2020. Etc. For every one of these higher yield positions that ended up being spot on, I have another that's just pussy footed along giving me my 5-6% each year. + +There's no such thing as a free lunch. There's a reason you can buy a stock with a huge yield or low PE. In the words of Warren Buffett, "**I'd rather buy a wonderful company at a fair price over a fair company at a wonderful price**." Put that somewhere you'll see it every day. It's my favorite quote for investing, business, and life in general. + +[Security A looks good today but in 10 years, would you rather have A or B?](https://preview.redd.it/q08im3u6k7b71.png?width=448&format=png&auto=webp&s=76e34aafbbb757b3ae769903c638742b24e4bfaf) + +Edit: alot of blow-back on this being unrealistic. Because Company B won't grow it's divs at a 15% clip for 10 years. Agreed. But ALSO, it's very likely that Company A won't be able to sustain it's dividend let alone grow it at 1% for the next 10. This is not meant to be overly realistic, just a helpful framework/ mindset to have when you're screening. + +Bonus edit: assuming this is realistic (it's not), company B will have a much lower payout ratio and will reinvest in its growing business which will most likely result in higher (tax deferred) share price appreciation. +Looking for some advice. I need around $50k to fund a kitchen renovation. I have some investments that I can liquidate (funds and crypto), but would be selling them at a very low point given the state of the markets. The other option seems to be a loan, but I’m not sure about doing that given current interest rates and having additional debt for years. How would you fund? +⚠️ 18+ NSFW 🔞 + +&#x200B; + +(Ownership will be renounced along side 100% locked liquidity for 2 years) + +&#x200B; + +$HGS is a deflationary token operating on the BSC. 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After the presale is completed, we will launch on pancakeswap with the same price to make it fair for those who missed the presale. $HGS is mainly a community driven project, so the ownership of the contract will be renounced after launch on pancakeswap. To guarantee safety and security, all of the initial dev tokens will be burned, the liquidity will be locked forever and a full techrate audit will follow shortly after release. + +&#x200B; + +There will be a 10% tax on each transaction and will distribute as follows: + +&#x200B; + +5% added to liquidity + +&#x200B; + +2% redistributed to holders + +&#x200B; + + 2% burned + +&#x200B; + + 3% to marketing wallet + +&#x200B; + +Ownership will be renounced + +&#x200B; + +🔒 Liquidity will be locked for 2 years + +&#x200B; + + ANTI Bot Function in source code to Prevent bots + +&#x200B; + +We will never sell any tokens from the marketing wallet before consulting with the community and holding polls in our official telegram group. You will decide when and how we spend those resources. + +&#x200B; + +Tokenomics + +&#x200B; + +Total supply: 1000000000000000 HGS + +&#x200B; + +Initial burn: 950000000000000 HGS + +&#x200B; + +Presale: 25000000000000 HGS + +&#x200B; + +Presale rate: 1000000000000 HGS per BNB + +&#x200B; + +Listing rate: 1000000000000 HGS per BNB + +&#x200B; + +Telegram: [https://t.me/hotgirlsummerbsc](https://t.me/hotgirlsummerbsc) + +&#x200B; + +Twitter: [https://twitter.com/hgs\_bsc?s=09](https://twitter.com/hgs_bsc?s=09) + +&#x200B; + +Instagram: [https://instagram.com/hgs\_bsc?utm\_medium=copy\_link](https://instagram.com/hgs_bsc?utm_medium=copy_link) + +&#x200B; + +Website: [https://hotgirlsummerapp.com](https://hotgirlsummerapp.com) +This is really only useful for beginners like me who are day/swing trading using WealthSimple Trade for small amounts and don't want to pay $12USD to see live quotes on TradeView + +The app basically just refreshes the TMXMoney website every second for each stock you put in and gives you the current live quote in a neat little window. + +The app is in Python and you will have to install the following prerequisites: + +1. [beautifulSoup](https://pypi.org/project/beautifulsoup4/) +2. [PySimpleGUI](https://pypi.org/project/PySimpleGUI/) +3. [requests](https://pypi.org/project/requests/) + +Here's the code: + +[https://github.com/zargogo/LiveTSX](https://github.com/zargogo/LiveTSX) newest version + +[https://pastebin.com/c0Bkfu8D](https://pastebin.com/c0Bkfu8D) version 0.2 (thanks to /u/MikeTheWatchGuy) + +[https://pastebin.com/it4XYRVK](https://pastebin.com/it4XYRVK) version 0.1 + +P.S. I know it's pretty crappy in terms of code, but it works lol! If anybody here wants to make a better version, don't be shy put some more + +P.P.S. check out this [sick view](https://i.imgur.com/rXDcCcF.png) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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) + A moon mission to end world hunger. 😋🌕 + +Hungry for crypto gains whilst helping those in need? Introducing Yummy coin. + +Huge Celebrity Endorsements. ✍️ + +$1 Mill + Donated to Charity. 🎁 + +BitMart Listing Imminent. 🕸 + +Launched in May of this year, Yummy took the crypto world by storm after receiving huge hype due to big celebrity endorsers such as Jake Paul. This, coinciding with a clean logo and a simple mission, lead to a huge parabolic rise in the chart in the opening few days. The developers wanted to create a project where holders could reward not only for holding but also rewarded through a sense of good deeds by utilizing the coin’s 3% charity wallet. Already $1 million + has been donated to charity, with the team committed to donating up to $700,000 a week. The project is only a few weeks old with a huge road map ahead and the chart has consolidated at a very healthy $14 million market cap. This really is just the beginning of the journey for Yummy and its holders. + +$33m Million Marketcap 📈 + +74,000 Holders 🙌 + +LP Locked 🔐 + +Renounced Ownership + +1 T Total Supply + +25% of Supply Burnt On Launch 🔥 + +3% Of All Transactions Redistributed To Holders💎 + +3% Of All Transactions Go To Charity Wallet 💰 + +3% Of All Transactions + +Automatically Added To LP ➕ + +No Big Whale Wallets 🐋 + +Notable Upcoming Events: + +BitMart Listing Fee Paid – Listing Very Soon + +Top Gainer Last 24hours on CoinMarketCap + +4 Major Announcements 5pm EST 13/06/21 + +More Big Celebrity Endorsements In The Pipeline + +Further Charity Initiatives Planned + +Useful Links: + +🗣Telegram: + +[u/yummycoin](https://www.reddit.com/u/yummycoin/) + +🌐Website: + +[Yummycrypto.com](https://yummycrypto.com/) + +🕊Twitter: + +[u/yummycrypto](https://www.reddit.com/u/yummycrypto/) + +📬Contract Address: + +0x05F2dF7B3D612A23fe12162A6c996447dCE728a5 + +Pancake Swap V2 And Slippage At 11-12% + +If you want to find out more about this project you can join the active telegram or visit the website and read the whitepaper. +I have a big chunk (about 45%) of all my money in IndusInd FDs which I put in about a year or two ago. They are fetching me good returns for now. + +But seeing the current market situation, IndusInd stocks plumetting and their lending to not-so-well-to-do sectors while also offering high interest rates above repo rate, do you think it's getting too risky for us normal depositors? + +I mean is the bank big enough that RBI and GOI will prefer bailing it out if something happens to save the economy? +Or do you think the bank has what it takes to survive through the tough times? +Can someone explain how I can use my house, which I paid off, to buy another house? + +Is it basically that I’d take a home equity loan for the down payment on the mortgage for a new house? + +Just putting some numbers to it - + +I have a home worth $500k. I want to buy another house to use as a rental which is $500k. + +I take a home equity loan for $100k so I have the 20% down payment for the new house. This loan $790.70/mo for 15/yr @5.0% interest + + +The new mortgage (not including taxes) is 30/yr @5.0% interest comes out to $2,147.29/mo. + +If I want to break even on renting out the new house, I’d need to charge at least $2,937.99/mo ($790.70 + $2,147.29) to cover both loans. + +Is this all correct? +I find it hard to believe that condos are going to continue utterly tanking as restrictions and such loosen throughout the world from COVID. I’m looking at condo prices in my area and they are just tanking right now as they sit on the market for months on end. Is anyone snatching condos up right now? + +I’ve never purchased a condo before, so not sure if there’s something I’m missing here. +[Americans Are Retiring Later, Dying Sooner and Sicker In-Between](https://www.bloomberg.com/news/articles/2017-10-23/americans-are-retiring-later-dying-sooner-and-sicker-in-between) + +For all the talk about the shift in demographics to an older population due to the aging of the baby boomers and medical advances, during the past decade there's also been talk of how given the obesity and diabetes epidemic along with heart disease and other related health problems, it's expected that children these days won't live as long as their parents. Meanwhile, people are expected to retire later, pensions are dead, Americans are saving 3.5% on average, healthcare costs are increasing, and the population is sick. The net result is that people will have short and sick retirements. + +TLDR + +Physical health is just as or more important than financial health if you want to enjoy a long and healthy early retirement. + +https://www.reuters.com/business/russian-sovereign-bond-payment-received-by-jpmorgan-processed-source-2022-03-17/ + +Russian Federation dollar denominated bonds received thier coupon payment today. Referring to the 2023 & 2046 bonds. + +Despite capital controls and a decree signed by Putin to temporary pay creditors of hostile nations in Russian currency. +Ladies and gentlemen, welcome onboard Flight 69420 with service from Earth to The moon. We are currently first in line for take-off and are expected to be in the air in approximately, well, very soon. We ask that you please fasten your seatbelts at this time and secure all baggage underneath your seat or in the overhead compartments. We also ask that your seats and table trays are in the upright position for take-off. Please turn off all personal electronic devices, including laptops and cell phones. Smoking is prohibited for the duration of the flight. Thank you for choosing GME airlines. Enjoy your flight. + + +Some hype songs for you down below + +[MOSS Theme Song](https://www.reddit.com/r/Superstonk/comments/o6ypnq/t21_002_r1000/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +[Little Einstein Theme Song (Remix)](https://youtu.be/hGCSD6AHv5U) + +[Cat Vibing to levan polkka](https://www.youtube.com/watch?v=NUYvbT6vTPs&amp;amp;amp;amp;amp;feature=youtu.be) + +[Levan Polkka (club remix)](https://youtu.be/CAyWN9ba9J8) + +[Soon may The Tendieman come ](https://youtu.be/rejpDqQUcV0) + +#UPDATE + + 🚨BREAKING NEWS🚨 + + Gary Gensler Live on Fox Business 8:30am + + Let’s see what he has to say + + . +I find myself in a bit of a pickle. Moved to Louisiana in Aug 2020. We have a great home, a brand new build, and locked in a 30-year mortgage at 2.5%. The unfortunate part is we really do not like where we live. Not the town, but just living in the south. On paper, I can't justify moving. Ultra-low cost of living, affordable housing, and cheap money for 30 years. But, emotionally we're just not content. Not necessarily unhappy, but no way we can see ourselves living here forever. And, we feel moving elsewhere will give our kids better options and certainly better job prospects as they grow. But when we consider rising interest rates and the bonkers housing market everywhere, we feel stuck. Anyone else go through this? How do I make a rational decision? + + +EDIT: Current 100% remote job. No debt other than mortgage and one car payment (also \~2%). +Fucking upvote this and idc about upvotes. + +I WILL NOT let another fucking urgency shill tactic to beat apes in a small battle. + +Just wait for the wrinkle brain apes to look at it, chill for a moment. + +If you're urgent now, you'll be urgent when you see high numbers on your broker account + +DIAMOND 💎 HANDS 🙌 + +**NO URGENCY.** +I will be doing just that in a few months. The place I’m renting is in a prime location with a price tag to match. I have no desire to market myself so I’m slammed with clients. This is purely for my happiness because I’m tired of not working. + +We have some plans for at least breaking even but that’s as high as my expectations go. + +Would you do something like this? Or have you? Would you feel bad costing your household money? +I found a vacation home two hours from my home. Close to where I grew up. Has acreage (5), trees (I love trees) and privacy. House is 20 years old in good shape. I want to buy it as a vacation property for me. I am 63 years old, single, no kids. Here are the facts: my net worth is 4,000,000. 1.25 million in cd's at 2.7 to 3 %, 1 million in in bonds, 250,000 in stock index fund, 150,000 individual stocks, 500,000 in bond funds, the rest in treasury money markets and cash. I think it would be a good addition for diversification but I am retired so my portfolio has to sustain my lifestyle. I currently spend around 70,000 a year + +Any thoughts on whether this is a stupid idea are appreciated. +Inspired by this tweet by Jason Crawford: [https://twitter.com/jasoncrawford/status/1425533463294353423](https://twitter.com/jasoncrawford/status/1425533463294353423) + +The full quote: + +>In the pre-1920's era, there was no concept of "retirement." Workers "worked until they dropped - that is, they kept working until they were physically unable to do their jobs, after which they became dependent on their children, or on church charity and other kinds of private welfare programs. The first step in the old-age revolution was the passage of the Social Security legislation of 1935 that provided for a nationwide old-age pension system. + +The Rise and Fall of American Growth by Robert J. Gordon + +I am posting this because I sometimes feel like people don't appreciate just how amazing it is that it is even possible for some people to retire at a relatively young age. This entire community is a monument to just how wealthy we as a society have become. Go back only 100 years and most people didn't have an option to retire \*at all\* let alone at 40. It is an incredible achievement in my opinion. +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** Tickers under $50 will be **BOLDED** + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|**RIOT - Riot Blockchain Inc**|886M|$13.10|195%| +|**MARA - Marathon**|695M|$10.93|189%| +|**FUBO - fuboTV**|2.98B|$44.18|156%| +|**BLNK - Blink Charging Co**|1.6B|$49.63|155%| +|**SBE - Switchback Energy Acquisition Corp - Class A**|1.45B|$46.10|151%| +|**AMC - AMC Entertainment Holdings Inc - Class A**|273M|$2.51|150%| +|**DGLY - Digital Ally Inc.**|69.6M|$2.60|141%| +|**GME - Gamestop Corporation - Class A**|1.41B|$20.15|140%| +|**LAZR - Luminar Technologies Inc - Class A**|7.23B|$33.08|140%| +|QS - QuantumScape Corp - Class A|2.64B|$114.77|139%| +|**RIG - Transocean Ltd**|1.35B|$2.20|131%| +|**APXT - Apex Technology Acquisition Corp - Class A**|585M|$16.37|126%| +|**HYLN - Hyliion Holdings Corporation - Class A**|2.63B|$17.10|125%| +|**SRNE - Sorrento Therapeutics Inc**|2.07B|$7.86|124%| +|GSX - Gsx Techedu Inc - ADR|0|$55.00|119%| +|**ACB - Aurora Cannabis Inc**|1.26B|$8.87|119%| +|**JMIA - Jumia Technologies Ag - ADR**|0|$43.62|118%| +|**NKLA - Nikola Corporation**|5.28B|$13.76|118%| +|**CODX - Co-Diagnostics Inc**|306M|$10.81|118%| +|AI - C3.ai Inc - Class A|0|$161.00|117%| +|**TLRY - Tilray Inc - Class 2**|1.15B|$8.57|117%| +|ARCT - Arcturus Therapeutics Holdings Inc|2.4B|$98.09|116%| +|**CRSR - Corsair Gaming Inc**|3.34B|$36.33|115%| +|**APHA - Aphria**|2.13B|$7.13|109%| +|**WKHS - Workhorse Group Inc**|2.77B|$22.95|109%| +|**NIO - NIO Inc - ADR**|47.1B|$45.77|103%| +|**PLTR - Palantir Technologies Inc - Class A**|40.8B|$27.75|102%| +|APPS - Digital Turbine Inc|5.2B|$58.46|93%| +|**PLUG - Plug Power Inc**|14.8B|$35.59|91%| +|OSTK - Overstock.com Inc|2.43B|$56.72|91%| +|**COTY - Coty Inc - Class A**|5.5B|$7.18|91%| +|**SPCE - Virgin Galactic Holdings Inc - Class A**|6.06B|$25.85|91%| +|CRSP - CRISPR Therapeutics AG|12B|$168.33|90%| +|**GRWG - GrowGeneration Corp**|1.52B|$41.21|89%| +|**XPEV - XPeng Inc - ADR**|0|$41.87|87%| +|MRNA - Moderna Inc|48.8B|$123.44|86%| +|**CNK - Cinemark Holdings Inc**|1.95B|$16.51|86%| +|**PSTH - Pershing Square Tontine Holdings Ltd - Class A**|5.21B|$26.03|85%| +|**BBBY - Bed, Bath & Beyond Inc.**|2.34B|$18.61|85%| +|U - Unity Software Inc|44.7B|$164.92|83%| +|**FEYE - FireEye Inc**|5.09B|$22.36|83%| +|**CRON - Cronos Group Inc**|2.66B|$7.49|83%| +|ABNB - Airbnb Inc - Class A|93.3B|$154.67|82%| +|**HOME - At Home Group Inc**|1.04B|$16.06|79%| +|FROG - JFrog Ltd|6.28B|$68.74|78%| +|DASH - DoorDash Inc - Class A|0|$158.46|76%| +|ENPH - Enphase Energy Inc|22.9B|$181.38|76%| +|**SAVE - Spirit Airlines Inc**|2.39B|$24.42|75%| +|**PRPL - Purple Innovation Inc - Class A**|2.07B|$34.13|75%| +|FVRR - Fiverr International Ltd|6.82B|$211.56|75%| +|FSLY - Fastly Inc - Class A|9.98B|$97.49|74%| +|**CGC - Canopy Growth Corporation**|9.63B|$25.83|74%| +|**GLUU - Glu Mobile Inc**|1.66B|$9.66|74%| +|**CCL - Carnival Corp. (Paired Stock)**|23B|$20.84|73%| +|**NCLH - Norwegian Cruise Line Holdings Ltd**|5.28B|$24.58|72%| +|**AAL - American Airlines Group Inc**|9.47B|$15.66|72%| +|**OXY - Occidental Petroleum Corp.**|16.5B|$17.67|72%| +|**IQ - iQIYI Inc - ADR**|12.7B|$17.45|70%| +|**M - Macy\`s Inc**|3.34B|$10.75|69%| +|SNOW - Snowflake Inc - Class A|16.4B|$323.04|69%| +|DKNG - DraftKings Inc - Class A|20.4B|$52.11|68%| +|**UPWK - Upwork Inc**|4.61B|$37.79|68%| +|**X - United States Steel Corp.**|3.7B|$16.79|67%| +|PENN - Penn National Gaming, Inc.|14.7B|$94.63|67%| +|SEDG - Solaredge Technologies Inc|16.6B|$323.80|65%| +|**LL - Lumber Liquidators Holdings Inc**|973M|$33.70|64%| +|TSLA - Tesla Inc|627B|$661.93|64%| +|PTON - Peloton Interactive Inc - Class A|41.6B|$162.62|63%| +|NET - Cloudflare Inc - Class A|26.1B|$84.98|63%| +|**CLDR - Cloudera Inc**|4.65B|$14.88|62%| +|EAT - Brinker International, Inc.|2.61B|$57.71|62%| +|CVNA - Carvana Co. - Class A|12.9B|$274.71|61%| +|SFIX - Stitch Fix Inc - Class A|4.36B|$69.33|61%| +|CZR - Caesars Entertainment Inc|12.8B|$75.90|60%| +|**UAL - United Airlines Holdings Inc**|12.7B|$43.22|59%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|3.51B|$102.80|59%| +|RCL - Royal Caribbean Group|15.9B|$70.66|59%| +|W - Wayfair Inc - Class A|18.4B|$252.82|58%| +|CHWY - Chewy Inc - Class A|41.4B|$104.01|58%| +|**HUYA - HUYA Inc - ADR**|326M|$18.91|58%| +|PINS - Pinterest Inc - Class A|43.9B|$71.04|58%| +|CREE - Cree, Inc.|11.4B|$103.37|57%| +|**RKT - Rocket Companies Inc Class A**|2.4B|$20.83|57%| +|CHGG - Chegg Inc|11.9B|$92.41|57%| +|ZM - Zoom Video Communications Inc - Class A|107B|$375.00|57%| +|**HAL - Halliburton Co.**|17B|$19.21|56%| +|ROKU - Roku Inc - Class A|38.9B|$356.79|55%| +|**BIG - Big Lots Inc**|1.64B|$44.10|55%| +|**SNAP - Snap Inc - Class A**|61.9B|$50.15|54%| +|CRWD - Crowdstrike Holdings Inc - Class A|41.6B|$221.08|54%| +|AMD - Advanced Micro Devices Inc.|110B|$91.86|53%| +|BYND - Beyond Meat Inc|8.56B|$136.48|53%| +|**LB - L Brands Inc**|10.8B|$38.96|53%| +|DDOG - Datadog Inc - Class A|22.1B|$106.24|52%| +|ETSY - Etsy Inc|24B|$190.25|52%| +|**ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean**|4.27B|$27.82|52%| +|**LYFT - Lyft Inc Cls A**|15.1B|$48.83|52%| +|SQ - Square Inc - Class A|97B|$228.28|52%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|6.79B|$103.10|52%| +|**GPS - Gap, Inc**.|7.64B|$20.43|52%| +|WYNN - Wynn Resorts Ltd.|12.3B|$114.41|51%| +|YETI - YETI Holdings Inc|6.36B|$73.09|51%| +|TWLO - Twilio Inc Class A|50.9B|$362.88|51%| +|BABA - Alibaba Group Holding Ltd - ADR|601B|$222.00|51%| +|**GE - General Electric Co.**|93.3B|$10.65|51%| +|TDOC - Teladoc Health Inc|30.1B|$207.95|50%| +|Z - Zillow Group Inc - Class C|31.7B|$138.51|50%| +|SE - Sea Ltd - ADR|84.3B|$193.18|50%| +|SMAR - Smartsheet Inc - Class A|8.86B|$72.50|50%| + +&#x200B; +TLDR: Overstock has proved that issuance of a digital dividend is easy and requires no action to be taken by shareholders. If GameStop issues a digi-dend similar to Overstock, it's game over for SHF's. + +&#x200B; + +There has been some speculation that RC's [PG-13 tweet](https://twitter.com/ryancohen/status/1417315406272864258) is a reference to [pg. 13 of the GME prospectus](https://www.reddit.com/r/Superstonk/comments/onthet/pg13_of_the_gamestop_prospectus/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), and that perhaps GME is lining up for a stock split. + +&#x200B; + +I don't think so. I think it's better than that. Why? Because page 13 of the prospectus talks specifically about UNITS- not stock splits. + +&#x200B; + +[https:\/\/www.ig.com\/uk\/investments\/support\/glossary-investment-terms\/unit-definition](https://preview.redd.it/x20ar577gbc71.png?width=3312&format=png&auto=webp&s=1c6277711d57d977d00c5a8609ef410d88dac391) + +&#x200B; + +I think GameStop is going to execute an even better version of what Overstock did with its [blockchain based dividend](https://www.overstock.com/dividend): + +&#x200B; + +***"The Overstock.com, Inc. ("Overstock") Board of Directors approved the declaration of the dividend in the form of shares of Digital Voting Series A-1 Preferred Stock"*** + +&#x200B; + +Did you catch that? **Digital Voting Series A-1 Preferred Stock.** + +Which means it acts like regular stock, but it also is attached to a blockchain. + +Issuing a dividend in this way solves the problem of how to get the dividend into people's hands- **the stock is automatically disbursed through your broker AND shows up on the blockchain**. With the "Series A-1 method", GameStop avoids having to figure out how to issue a token or NFT in a way that people are actually able to access and claim ownership of it. + +Since a Series-A1 dividend acts like a regular stock dividend, it simply shows up in your brokerage account, with zero work required on our part (just the way we like it). + +&#x200B; + +**At the same time, the number of dividends issued shows up on the blockchain. Boom. The true share count is revealed.** + +&#x200B; + +If GameStop issues one dividend per share of regular stock, and your number of dividend shares isn't exactly equal to your regular shares, you know something is up, and you tell your broker to figure it the fuck out, which they are obligated to do. + +This is just a theory of course, but it's a theory with precedent- Overstock has already paved the way and proved it's possible. + +Can't help but love the poetic justice playing out- GameStop is *Overstock*ed, and might be taking a page out of the Overstock playbook to put a stop to the game once and for all. + +Gently jacking my titties. + +&#x200B; + +EDIT: Linking u/Minuteman_Capital's excellent [DD that provides a deeper dive into the Overstock](https://www.reddit.com/r/Superstonk/comments/o6si8c/how_overstocks_squeeze_was_a_twopart_squiz_court/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) situation. It's really interesting and tit-jacking to see that this has been done before. Overstock has helped set the legal precedents that provide a solid foundation for a GME launch. +Let me define "loss" for you. Loss means you bought high and sold low. First of all, there is no loss if you didn't sell. Second, the decision to sell is a personal decision. Nobody forces you to sell before the price goes back up. + +When it comes to Ethereum, the definition of a loss completely implies impatience on the part of the people losing. For a concrete illustration, zoom out of the Ethereum price graph until you see 6 months or more of data and you'll see ginormous gains. + +Take that same logic into the future and you'll realize that as long as you hold, you'll join the enormous gain crowd in time. + +HODL. +Alright fuck it. + +I've looked everywhere, searched everywhere, asked a bunch of people personally, and no one is brave, experienced or honest enough to have the balls and answer these questions about forex. If someone on here will do so, I would appreciate it a lot right now. + +I understand that there's a lack of reward for you to give out any information, but I would appreciate if you considered being the person you wished someone was to you when you first started out trading with no knowledge since that is what I am currently lacking since the beginning of my journey. + +What are the actual ways to LEARN how to be consistent? I know that there isn't a magical thing, day, or trade that will change everything, so I am willing to put in the hours, days, and weeks and I HAVE been doing that with forex but it seems like the more I learn the more there is to question! + +So I guess I want to see how some of you, see forex, and what goes on in your daily trading days. + +Did you watch videos? Read articles? Perhaps read books? Buy courses??? (To get to this stage) + +What does it TAKE to LEARN to trade forex consistently? + +I don't care about anything else but consistency right now, and I cant seem to get a full grip of what it takes to get there, because not many people or sources THAT I KNOW ANYWAYS will teach directly and be fully honest at all times. + +For any experienced traders on here in the forex industry, do you have any important sources, links, people, or books that come to mind when it comes to your early nooby days, that helped you? + +Perhaps the words "back in the day" will remind you of some things that helped you become the trader you are today? + +And if any of this was too much to respond to, LITEARLLY any summarised advice would be appreciated. + +Thank you in advance, I hope any help you give will be rewarded <3 +Hello everyone, + +I'm 32 married and live in Berlin. I have a 2-year-old boy and I'm planning to invest/save his kindergeld(\~250EUR monthly). My Bank's(Sparkasse) wealth advisor recommended [Private pension Insurance](https://www.berliner-sparkasse.de/de/home/privatkunden/altersvorsorge/juniorrente-fs.html). + +I can set when he can get it 18/25 years etc., + +He can continue to put monthly(until 67 years old) or withdraw a lump sum(has to pay 25% tax on profit) before 67 years old. + +They will invest money in a list of ETFs provided below. + +|Name|ISIN|%| +|:-|:-|:-| +|Lyxor MSCI World UCITS ETF-D-EUR|FRO010315770|70| +|Amundi MSCI Emerging Markets UCITS ETF EUR|LU1681045370|0| +|Nordea 1-GlobalClimate and Environm.Fund BP EUR|LU0348926287|10| +|Robeco MegaTrends D EUR|LU0974293671|0| +|Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF|FR0010524777|10| +|Xtrackers EURO STOXX 50 UCITS ETF-1C EUR ACC|LU0380865|0| +|Amundi MSCI Europe SRI Ucits ETF DR (EUR)|LU1861137484|0| +|JPM Emerging Markets Equity A (acc)-EUR|LU7576759|10| + +&#x200B; + +What do you guys think about this? Are there any better ways to save/invest money for my child? +Over the course of months the GME'S crashes have been harsh. Most of them triggering a SSR. + +End of March/April we have been seeing a lot of low volume(extremely low volumes) and days of side way trades, which is kind of strange in itself. However, it's even more interesting to note we have been slowly falling for the last week now. + +I have a concern the shorts changed up their strategy to make us paper hand. They probably latched onto the idea that the price plummeting seem too artifical to us so we knew the stock was being manipulated. + +I believe their goal now is to simulate a slow fall to make us believe people are paper handing. + +NOTE: It's funny how it skyrockets during premarket and backs to dipping every day now - only to skyrocket again during premarket + +TL:DR: +🚀💎🙌 +🦍💪🤝 + +Whilst the whole crypto space took a beating this week, nothing stopped at Bingus. Instead of moping around constantly refreshing the price, the team stuck their head back down and kept working. Within a few hours, we bounced back with an easy 3x because people know how comfy a hold bingus is. At the moment, we're at an excellent entry price for newcomers. As the market rebounds, so will Bingus, and oh boy will we bounce back hard. + +So why are we so bullish in the upcoming weeks? + +* Well Bingus was JUST listed on two new centralized exchanges (CEX) and a new decentralized exchange (DEX) in the last 24 hours. +* ProBit, HotBit and Snowgecoin +* Just hours ago, Bingus launched a new staking mechanism (thanks to our partners at Blowfish) where you stake Apeswap BNB-BINGUS LP and earn more Bingus! +* Next week, Bingus has a massive event hosted by our partners at Dogira.net. They will be auctioning off 5x NFTs of our celebrity endorsers (see below). And the best part? They will be sharing it to all their fans on their social media platforms +* In recent HotBit AMA, the lead developer Mike Cerisano announced that he is in discussion with Rocky Kanaka and his team, as well as many animal shelters around the USA to build a tool for them that would track, store and unify information about animals that go through their system, taking instruction and guidance directly from the end user. + * This was a soft announcement, with a more concrete roadmap to follow in a few weeks + * They have already secured the developer team that will be building this + * Bingus is creating utility #notjustashitcoin + +Quick facts: + +* The project donates to animal charities by collecting a percentage of all transaction fees. +* 1% charity, 1% burn, 1% reflect +* 876 billion circulating supply (down from 1 Trillion) +* Market cap $5 million (but not for long!) + +DEXs: + +* PancakeSwap (still v1 for now) +* Apeswap +* NEW Snowgecoin + +CEXs: + +* NEW Hotbit (listed 24th May!) +* NEW Probit (listed 27th May!) + +Passive income opportunities: + +* 1% reflect from holding in wallet +* BNB-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* TAKO-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* Stake GNANA and earn BINGUS on Apeswap in the Apezone +* NEW stake BNB-BINGUS Apeswap LP in the new staking pool and earn BINGUS + +Upcoming and recent events: + +* Hotbit listing (complete) +* Hotbit AMA (complete) +* Hotbit trading competition +* Probit listing (complete) +* New staking pool (complete) +* Dogira.net NFT auction for charity in partnership with all our celebrity patrons + + +Celebrity endorsements who will feature on Dogira NFT auction + +* Michael Rainey Jr, lead actor on the TV show Power +* bbno$, billboard top 100 USA rapper +* Moist Cr1TiKaL, streamer and Youtuber +* Rocky Kanaka, Emmy award winner, Netflix TV star and Youtuber +* Crispy Concords, Youtuber + +Donations: + +* Over $50k donated (and an extra $20k raised with Dogira last week) +* See the donations page on the website for a full breakdown + +Come find out more on the telegram channel: t.me/bingus_token +Or discover Bingus on their website: [bingus.io](https://bingus.io/) +[Dow futures up 250](https://www.google.com/amp/s/www.cnbc.com/amp/2020/07/14/stock-market-futures-open-to-close-news.html) + +I've been waiting for a correction, but this makes me want to cave in and get back in. +* **Under what circumstances do you use your debit card instead of your credit card?** +* **If you use your credit card for everything, how often do you pay it off?** +* **Do you try to get it down to $0 or do you carry a balance at all times?** + +**I’ve asked 10+ close friends and heard different personal strategies every time.** + +**I am curious to hear what you think are the most efficient ways to go about handling your finances!** +At the height of trading today, /CLK20 hit -$40.32. This means someone was willing to pay you $40,320 per contract to take 1000 barrels deliverd. Seems great and all, everyone gets paid, you store them in your garage or whatever, but there is an underlying issue here... storage. + +Generally, retail paper traders are not trading this contract, most brokerages won’t even allow you to trade the front month after last week. You would be forced to trade the forward (June) /CLM20 or later. People trading today are actual physical buyers and sellers, large companies needing to move physical oil. For it to go negative means a lot of people were on the phones calling around trying to find space to store said oil, and they couldn’t find the space for that oil, which drove the price negative just so they could unload the contract. Who cares right? + +We should all care... why? [Government has extended DoD Travel Ban to June 30](https://federalnewsnetwork.com/defense-main/2020/04/dod-to-extend-stop-movement-order-through-june-30/) so you can be sure if they are banning non essential travel through June 30 they are likely going to ban people from coming into the work place (that cube life, the resurgence of COVID)... Travel by plane and commuting to work... the two biggest reasons for oil/gas... They have been on hold for about 1.5 months and now the government is stating that they will be on hold for another 2 months at least. Now lets not even talk about heating oil needed for the northern areas coming into spring… + +You cant keep pumping oil if you have no demand for it, and you have no place to store it, although the later is more important. If you pump it, where do you put it? As I said before, to go -$40 today it means people were calling everything they could think of (container ships, tanker trucks, strategic reserve, out of the way storage facilities, etc) before they absorb a $40K loss per contract (and they sell thousands). + +What must happen next, which little demand is they must idle the pumps. They cant and wont pay oil workers $100K a year to sit around with an idle pump. We have about 10M oil workers in the US. We are potentially looking at 80% of those to be laid off… and this will take months to go through existing inventory if its completely full. This will extend for months, likely into Q4 2020, even Q1 2021. + +As a result of no travel and a slow opening all commerce will suffer. We are talking a stagnant society until at least June 30. More retail, consumer goods, automobile companies are going to go bankrupt. We have an annual GDP in excess of $20T. This is grinding to a halt. FED/Govt/Treasury has thrown ~$5T at it already, but they will need to throw $2T a month at it to keep it all afloat. Factor in treasuries, credit, bonds (corps), MBS, etc and we are looking at roughly $45T to service. This is all becoming increasingly more difficult to service with a stalled economy. This is where we are now. + +This is why its likely unsustainable and we are about to really feel the pinch. The current market with S&P (/ES) trading at 2820 (was almost 2900 last week) is an artificial pump. How long will wall street look the other way while the government throws $1T here and there? +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! + +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + + +This is a new bill that was introduced on the floor of the US Senate entitled, +“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” + + +It basically says everything is evil.. + + +1. Cash is Evil + +2. Bitcoin/Crypto is Evil + +3. Prepaid Phones are Evil + +4. Gift Cards/Vouchers/Coupons are Evil + + +These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. + + +Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process. + + +This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes. + + +Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’. + + +Have too much cash? You’d better tell the government. + + +If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. + + +They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form. + + +This is unbelievable on so many levels. + + +It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash. + + +But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever. + + +CALL YOUR CONGRESS MEN AND SENATORS TO TELL THEM TO NOT SIGN THIS EMAIL WORKS ASWELL +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + + +Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties. + + +Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years. + + +But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison. + + +Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella. + + +Here’s where these people demonstrate that they have no idea what they’re talking about. + + +No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply. + + +Bitcoin is created automatically amounts that are predetermined by its code. It’s software. + + +So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations. + + +The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US. +I'm a low count share holder (no positions, right?}. + +At 1,000 a share I get to go on a decent holiday when covid ends. + +At 10,000 I get to pay off the mortgage but my wife and I will still have to work until retirement. + +At 100,000 My wife and I get to retire and live to roughly the same standard that we currently have. + +At 1,000,000 We get to retire. Buy a nicer house in a nicer area. We can help out our close friends and family. + +At 10,000,000 We retire in luxury. Our friends and family, their kids etc are set for life. We can sponsor our favourite charities. We can chip in to cleaning the oceans, educating the world, drinking water for all. We can start to change the whole world for the better. + +Every zero added to the share price extends the circle of influence that we can help. + +This is why I want ALL of the money. +Anybody got any good stock that can potentially pop so I can do some DD on the weekend? Drop the ticker and I will add them to my watchlist and start doing some research. 🚀🚀🚀 +Not really sure about how to go about claiming my property here. I’ve had this sitting in my closet since my parents found it a few years back. + +Also not sure how to value it. At the time of the gift, it was 5 shares of Coca Cola. However, the stock has split twice since then, so theoretically it should be 20 shares. Since Coca Cola is worth $51 right now, I would think this certificate is worth at least $1,000. + +However, I’m also wondering about how dividends would be handled. Am I technically also entitled to dividends paid out over the last 27 years? + +Any help is greatly appreciated! + +UPDATE + +Things are looking good! + +After an hour on the phone with Fidelity, they were useless and provided no help. In fact, the guy I was talking to knew less about this than I do (mostly thanks to the knowledge shared below) + +Next I called the Computershares phone number that was listed on the Coca Cola shareholder services website. They were able to use my social security number and childhood address to locate the old account. Turns out there is actually an identical block of 5 shares of a Coca Cola that they show in my name as well! Not sure if this is because of the split, or if there’s more money out there that I just don’t have the physical certificate for. Computershares confirmed that the account has a zero balance because the funds were escheated by the state of North Carolina (a few of you warned me of this possibility, so thanks). + +Thankfully, NC does NOT automatically liquidate stocks! Their website explicitly states that if I would like to reclaim my shares I can submit a claim and they will transfer ownership back to me. Plan is to call them and submit a claim tomorrow! +Hello, + +Markets are continuously rising and it seems we're in a bubble. I have some cash to invest, so I was wondering whether markets are overvalued and that I should wait, or should I invest right away. + +What I did to investigate this was to compare S&P 500 with M2 Money supply. My hypothesis is that the rise that we're seeing is because of the extra money supply. If that is the case, then the real question we should be asking is **whether market's rise has overshot the money supply.** + +From the data, it doesn't look like so. Take a look at the historical chart of S&500 / M2 money supply. + +[https://imgur.com/a/ctrbC4E](https://imgur.com/a/ctrbC4E) + +You can play with the [dataset here](https://docs.google.com/spreadsheets/d/18S9anxRQAD6-865Mrdj6Xyr5DiFifSbef2AlFselWQc/edit?usp=sharing). + +**From the data and the chart, it's clear that the markets may rise even further**. Reasons: + +* The ratio reached its peak during the 2000 bubble, and the current levels of the ratio are much below that (although they're reaching the 2008 levels) +* Since early 2020, M2 Money supply has roughly increased by 24% while S&P has increased by 15% + +It's also interesting to notice that CAGR of this ratio over last 40 years comes to be around 2% which is similar to the annual increase of US GDP. Another way to look at this is that, the 8% annual returns of S&P 500 over the last 40 years can be broken down into two parts: + +* 6% annual growth in money supply +* 2% annual growth in GDP + +So, in some sense market's real growth has been simply the GDP growth. + +What do you think about this analysis? + +PS: Sorry, the data isn't very cleanly formatted as I did it very quickly. +Correction **you're** it was late. + +Need advice. + +I have a lump sum of money about $10,000 and trying to choose which of my 2 debts to pay down. + +My 2015 vehicle loan: $12,000 balance @7% for 2 yrs with gap insurance. $675/mo payment. + +Or solar loan/roof: $48,800 @5% for 20 yrs, which will re-amortize in 10 mos and take my payments from $350 to $250, and this will be my only chance to have a lump sum like this before it adjusts in 10 months. + +I'm tempted to get my vehicle paid off especially with the % rate, but 20 years will eventually put me into another car payment and being 40 I'm not expecting my income to hold steady, and don't want to be paying a high "utility" bill long after the kids are gone. + +I don't want to make it complicated with any refis. +Thanks in advance. +Hey everyone, my wife and I recently made it to millionaire status and I still feel like we don't have any money. Quick breakdown: + + + +* **Investments (retirement) $140k** +* **Cash in bank $32k** +* **House debt rental ($46k)** +* **House debt primary ($226k)** +* **Current rental value $340k** +* **Current primary value $760k** +* **Car value $18k** +* **Net worth $1018k** + +**We still live so frugally and because most of our net worth is in real estate we feel like we don't have any money. Any ideas or tips on what you would do if you were in my situation? We are both 27 by the way.** +The title says it all. I called 1800-323-4332 aNd it only took me about 7 minutes to complete the whole process. No computershare account needed in advance. This is the way. I'm proud of all of the apes who transfered before be. Now let's squeeze these fückers +🚀 🌙 +"As of August, Reddit said it had a [valuation of about $10 billion](https://www.wsj.com/articles/reddit-taps-investor-appetite-for-startups-further-raising-valuation-11628766000) after raising more than $400 million from Fidelity Investments Inc. In February, the social-media company said it had raised about $500 million at a [$6.5 billion valuation.](https://www.wsj.com/articles/reddits-valuation-doubles-to-6-billion-after-funding-round-11612833205)" + +[https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013?mod=markets\_lead\_pos6](https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013?mod=markets_lead_pos6) +https://www.bloomberg.com/news/articles/2018-03-01/trump-is-said-to-likely-impose-stiff-steel-aluminum-tariffs + +> Trump told aides he wants to announce tariffs of 25 percent on steel and 10 percent on aluminum from all countries, according to two people who asked not to be identified because the deliberations aren’t public. + +> China has already launched a probe into U.S. imports of sorghum, and is studying whether to restrict shipments of U.S. soybeans -- targets that could hurt Trump’s support in some politically important farming states. + +> “On financial assets, let alone trade, the Chinese can turn around and basically spook the Americans,” Evans told Bloomberg Radio Thursday. “The Chinese can always rebound with a comment that they own a hefty amount of U.S. Treasuries they can obviously withdraw.” + +> Canada is the biggest foreign supplier of U.S. steel + +RIP the steel industry in Canada, Germany, Japan and UK. And along with the US automotive and construction industry as they'll have to use more expensive metals. +[https://www.businesswire.com/news/home/20220305005035/en/](https://www.businesswire.com/news/home/20220305005035/en/) + +"This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally. + +With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs." + +"We don’t take this decision lightly. Mastercard has operated in Russia for more than 25 years. We have nearly 200 colleagues there who make this company so critical to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to provide pay and benefits. When it is appropriate, and if it is permissible under the law, we will use their passion and creativity to work to restore operations." + +The Purchase, New York-based company said late Tuesday [in a filing with the Securities and Exchange Commission](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001141391/e33452e6-2006-4390-8bbd-6c762062e723.pdf) that about 4% of its annual revenue derives from business related to Russia and about 2% derives from Ukraine.  +From my investment calcs it looks like if my wife and I retire at 50 we would have around $6.8M, but if we retire at 65 we would have around $22M. I’m leaning towards retiring earlier and enjoying life while healthy, but I’d love to hear everyone’s thoughts. +I have a fat fire target of $30m. 10x from our current NW. We have a high savings rate and now our invested capital should start compounding nicely. + +I shared my goal with some close friends and the feedback has been you don’t need that much money. + +We live a upper middle class lifestyle now and could splurge on luxurious and lower our fatFire target. + +Questions for the already FatFired on the thread, do you wish you would have spent more and had a lower target? + +For those that have $10m, do you “feel” rich? Or just upper middle class? + +Promise I’m not trolling and sorry if I’m missing any information or not using the thread correctly. +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! + +https://krebsonsecurity.com/2017/09/experian-site-can-give-anyone-your-credit-freeze-pin/ + +Two days I posted [How effective are credit freezes in actually preventing identity theft?](https://www.reddit.com/r/personalfinance/comments/70wt2j/how_effective_are_credit_freezes_in_actually/). It got virtually no attention, and I was disappointed, because it's an important question. + +A credit freeze will not 100% prevent identity theft. PIN's, like SSNs, can only be so secure. This discovery on the Experian site is proof of it. + +While a freeze will certainly will make things more difficult for hackers, it is not 100% a guarantee of protection. +Getting quite sick of the moderators on this subreddit. + +They are constantly removing helpful and valid discussion on personal finance but will do nothing about the 100s of "Just inherited 100k or whatever amount what should i do or where should i invest it", this subreddit is being clogged up by repetitive unhelpful stuff that doesn't belong here. + +Posts like that should be on the investment subreddit, asking where you should invest your savings, inheritance, etc isnt personal finance its UK investment. + +Actual helpful posts helping people with budgeting (which is **actual** personal finance) get removed. + +This subreddit is known as being out of touch because the moderators are the ones driving the discussion, removing actual helpful topics and driving it towards nonsense. + +It's becoming a bit of a joke now and actually starting to piss me off. + +If your not going to allow those posts then have a mega thread for discussion. + +It's ridiculous considering the current times were going through that the moderators of this subreddit ae so heavy handed deciding on what topic is allowed to grace "their" discussion board. +I'm a car guy. I have a shop and warehouse with lift, air, lots of tools, scanner, etc..... The Snap-On truck comes by if I call him. It's my hobby. I have a couple of sports cars and some vintage cars. A couple of motorcycles too. + +So there's a car I want. I won't bore you with the details. But to get this car, I have to pay MSRP plus 20%. I also have to travel out of town or have the car shipped to me, because the local dealer does not have an allocation for exactly what I want. This is also the last model year for this car (gas powered, high horsepower, brand is moving to electrics). + +I will stipulate that paying the 20% is a rip-off. + +I am relatively certain I would own this car for the rest of my time on earth. + +I am also relatively certain that I would remember the 20% every time I drove the car. And not in a fond memory way. + +Philosophically, should I just pay the 20% stupidity tax and try to enjoy the car? + +(Our home is paid off and we have enough to retire on already, so I am luckily able to write a check for the car and the 20% stupid tax. Also we both still work.) + +*EDIT: Challenger Hellcat Redeye. MSRP will be around $100K plus $20K dealer markup.* +NotSafeMoon. This is it. The answer to the endless stream of RFI forks that clone token contracts and do not address the underlying concerns for investors--either because the developers are ignorant, or because they know that that the bugs benefit them at the expense of holders. The critical bug in the Safemoon fork which transfers liquid to the developers wallet was exposed by WoR and is still being used in hundreds of clones every day. One developer, Ryan Dunn, has addressed the bug and many other useless bits of code that eat up gas. The optimized version is completely safe and benefits all holders equally. + +[Site: NotSafeMoon.com](https://notsafemoon.com/) + +[Telegram Chat](https://t.me/NotSafeMoonOfficial) + +[Chart](https://charts.bogged.finance/?token=0x337e35ed5b38d5c7ec9f8d7cf78fe7f43d7dec6f) + +[Buy on PCS](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) + +[Discord](https://discord.gg/urC6ysJNp3) + +NotSafeMoon is the result of hard work and careful analysis. Consistent long term growth of the deflationary token will be achieved because of the code fixes, like was always intended. fundamental issues in other community-driven projects that claim to be the next "moonshot" have all been addressed. This is a quote from the developer, Ryan: + +>The monumental rise in the deflationary shitcoins caught our attention and at first. Then we started pulling apart the contract code and pulling data for the various moon contracts from the binance blockchain and realized the only people this will work for in the long term are the contract owners, developers and first adopters; everyone else is being slowly bled. +> +>NotSafeMoon performed a complete audit of all the top meme coins contract codes then deployed them to test networks for further analysis. Here’s what we found: +> +>**The liquidity pool contributions for other shitcoins (from taxes on transactions) are being skimmed to the Developer wallets. This is happening several times a day in the more popular meme tokens at a rate of more than $750,000 per skim at the time of writing.** + +Ironically, this lopsided liquidity pool addition of other meme coins is actually the primary “feature” the other tokens are marketing. A basic understanding of how Liquidity Pools determine pricing, and you’ll understand that adding one sided liquidity to the pool is completely against how they operate--Liquidity has to be balanced--That is how the NotSafeMoon logo came to be. That code simply doesn’t exist on NotSafeMoon. If you're someone who has actual understanding on how contracts work, please feel free to read through their technical analysis of the other popular tokens that aren't what they say they are about. You can find the developers full analysis [here (SafemoonBugAnalysis)](https://notsafemoon.com/public/docs/MoonCoinsTA.pdf). + +Ryan Dunn was actually the first person who tweeted WOR about the bug within SafeMoon's contract a few weeks ago. After not getting a response from WoR or Safemoon, and seeing that bug was still being exploited, he decided to go out of his way to make his own project, the true community-driven token, after seeing how bugs similar to SafeMoon's were also present in other popular tokens mentioned in the analysis above! + +These forks of Safemoon are unfairly pumping up the developers bags and are over dependent on new investor's money being added to even out the liquidity pool. As soon as new investors slow down the price will automatically the next time LP is sent to the devs wallet. Get on NotSafeMoon and enjoy the smooth ride! Knowing that your funds are 100% Safu. Backed by a real dev, a dedicated community, and a specialized marketing squad of community members! +I’d like to hear what all the investors out there would do with this small amount to make it grow as efficiently as possible. My mind goes to stocks but with how the market is right now, maybe that’s not best option? + +Long term i would think to have it grow into an amount enough for a down payment on a property and then rent the property out for an income. But how would you get it to enough? + +Another idea I have is maybe to invest it into some sort entrepreneurial endeavour? Either yourself or someone else? +Hey guys, I’m a complete beginner I’ve only just started to research what etfs are, I pretty much know nothing on investing. My question to you guys/girls is what you say etfs are a good long term investment now even though the economic outlook isn’t looking good ? +To clarify in advance, as of writing I am neither long nor short Meta, but am getting tempted. + +**The core business:** + +Meta, just like the big tobacco in the good old days, has a product that a) has a massive brand / network effect type of moat b) is a money printing machine and b) is literally addictive to the end user. + +Just like tobacco companies in the early part of 2000s, Facebook is slowly reaching a plateau of its userbase growth. Having reached and conquered essentially the whole world, further growth potential (in terms of user count) seems to be limited. Additionally, they seem to be losing some of the younger folks. However, following the example of the big tobacco, large moats have a proven ability to translate into higher revenues even long after the user base growth has stopped. This is done through the increase in revenues per user, which the user, partially due to addiction and partially due to monopoly, has no other option but to accept. + +Similar trend can be observed with Meta, where Revenue per user has been on a steady increase since the IPO. However, unlike with big tobacco, Meta’s revenue per user, next to potential pure price increases (of ads), has another channel of growth: increased monetization of (currently underutilized) platforms (i.e. IG reels, Whatsapp etc.). + +**Suffering from Success:** + +Much can be said about the modern day tech companies and thier massive cash piles. As a famous American philosopher Khaled Mohammed Khaled would put it, they seem to be Suffering from Success. One notable counter example to this rule could be Tencent, which has consistently found ways to (visely) invest large chunks of the cash generated, fuelling additional growth. To some extent, similar can also also be said for Amazon. For the rest: not really – cash is usually just stuck on the Balance sheet without generating additional return. + +Yet, here you have Meta, who, just as its other big tech peers, is printing cash from its main product, but has potentially found the next big thing and is backing into it heavily. Going back to tobacco example – unlike the big tobacco in the old days, Meta seems to be, with an alien-like precision, aware that it’s main product is peaking and is thus trying to reinvest this cash into new products, namely Oculus and metaverse. And I wouldn’t call such investments as a “desperate attempts” of whatever, as would some folks would – both the metaverse and VR / AR are more likely than not to be a big thing in the near- to mid-term future and can enjoy nice synergies with Meta's current platforms. At least that’s my view – granted, I have no idea when and which product / metaverse will eventually prevail (so from NPV perspective this might still be a complete money-sink). + +However, throwing $ 10bn+ into such research each year – money that would otherwise just be stuck on the balance sheet – for a company that is making $ 30bn+ in FCF p.a. seems like a significant, yet sustainable bet and any other competitor will have a hard time fighting it. Moreover, Meta can tap into its existing user base for a well-needed network effect that a metaverse would inevitably live off. + +Once (and if) the metaverse takes off, this has a potential to be the biggest cash machine in the history of mankind. Opportunities to monetize for the creator / owner are virtually limitless, anything from land sales, leases, subscriptions and transaction fees etc. Madness + +**TL;DR** + +Strong existing business with a significant (yet far form guaranteed) upside potential. Normally the companies with the latter alone would be trading at idiotic metrics. Meta, unlike those startups, has a steady and cash rich core business to finance this gamble, protecting the investors from bankruptcy and dilution. Seems like a reasonable long bet? +Long-time lurker, first-time caller. I did some maths this weekend to validate my gut feeling that I could FatFIRE in about 4 years. Whether I will is another story altogether, but I thought I'd share that all with you to check my assumptions and share with those who might find it interesting. I'm happy to answer any questions that don't dox me. + +Quick background: + +* Mid-30s, SINK +* Highish level role at large tech company in a MCOL area. Paid a VHCOL salary. Job is stable. +* Liquid net worth: $2.9M invested in index funds, excludes home equity +* Income: between $1.8-2m if stock stays stable. Has increased significantly from 4 years ago, which is why NW is lower. + +# A look at spending in 2021: + +The first thing we want to look at is how much are we spending and how much will we need in retirement? Without this, it's impossible to have a clear retirement plan. + +I'll be honest: I didn't have a great handle on this until this last weekend when I went line-by-line through all my bank statements. I never operated with a strict budget. I knew I wasn't spending more than I could afford, given how much I was saving, but I didn't really know how much I'd need in retirement. My wild guess was around $250k. + +I was way off in how much I spent last year. I actually **spent $415k last year**. Uh oh, let's dig in. + +[Flow chart of income -> saving/spending/taxes](https://i.imgur.com/0RYx4a5.png) + +Looking at the flow chart, we can identify the biggest surprises and adjustments we need to make to better estimate retirement spending: + +* Housing at $230k. Biggest surprises were $75k on improvements, $35k on maintenance, and $55k on furniture. + * However, this is not as bad as it looks. We just recently bought a house that is > 40 years old and it had a lot of deferred maintenance/improvements that were needed. Our new house was also larger than our old house, so we had a lot of "filling the space" so to speak. This spending won't continue. + * I expect the new numbers to conservatively be: + * Improvements: $75k (2021) -> $50k (2022) -> less than $10k (ongoing) + * Maintenance: $35k (2021) -> less than $20k (ongoing) + * Furnishings: $55k (2021) -> less than $5k (ongoing) + * I also expect to pay off my mortgage before retiring. + * The above adjustments let us move long-term housing costs to $60k without a mortgage. +* Sports and Leisure at $80k. + * I bought a boat and that's the bulk of this. I'm just going to budget for $10k of ongoing expenses and a new boat every 10 years, so let's adjust this down to $20k going forward. +* Medical at $5k. + * This is too low for the long-term. Let's adjust to $20k to be safe. + +With the above adjustments we get to $200k in long-term spending. We can certainly spend much more if given the opportunity to do (see: above), but $200k would be reasonably comfortable. Let's add a lot of cushion, as travel will surely go up if the money is there, and say we want to aim for my original wild guess of **$250k for retirement spending and treat $200k as roughly the lower bound of our spending**, although there's clearly enough fluff to cut out another $30-50k easily if needed for a few years. + +# How much do we need to retire? + +This question is tied closely to our withdrawal strategy. A couple of options: + +* 4% SWR -> 25x expenses -> $6.25m +* 3.5% SWR -> 33x expenses -> $8.25m + +Well, let's stop right there. That's a massive difference in amount needed and represents years of additional work. At this point, I dug way deeper into the rabbit hole of withdrawal strategies and came across one I quite like: + +Variable Percentage Withdrawal (VPW): [Bogleheads link](https://www.bogleheads.org/wiki/Variable_percentage_withdrawal) + +The crux of VPW is to spend/gift as much as you can throughout your retirement, but safely using a increasing percentage of available assets. The general problem with SWR is you end up being overly conservative and die with a ton of money. For some people that's ok, but for us, I'd rather gift/spend it all while I'm alive. You can read the above link for more info, but the implications are: + +* Withdrawal rate is variable. You won't know exactly how much you have to spend ahead of time for a year, but there are some smoothing techniques. +* You have to be able to cut spending significantly in a down market. +* You should be able to ramp up spending/gifting in an up market. + +I won't try to convince you this is the answer for everyone, but I read the entire bogleheads thread and for us, I think it will work quite nicely. I played around with the numbers in the spreadsheet they have and at around $6.5m, with paid off house, our **projected safe spend for retirement is $190-$310k** in year 1. + +That's a really reasonable spread for us with $310k in a normal year and $190k if the market dropped 50% the year we retired. Our minimum above was $200k, but even that had some fat to trim. Our normal spend was $250k and this is well above that. + +In reality, I'd probably modify VPW slightly to not withdraw the absolute maximum every year, so that helps provide a little bit of additional cushion as well. + +So our **retirement number is $6.5m with a paid off house**. + +# When will we get there / what will we do? + +This is a little harder to figure out, but my best guess looking at expected spending/savings rates and very modest market growth is that it will take about 4-5 years to have saved $6.5m and paid off my mortgage. There's definitely some variability to this depending on how the market does. I don't intend to consider retiring before this time hits even if the market does well, and if the market does poorly I'm fine staying on a couple years longer. + +That's a reasonable enough answer for me, and there's the no rush to immediately retire once I hit that number, again providing additional cushion, but it gives me a rough sense of when I can take a hard look at either continuing my job, retiring, or exploring jobs that are more passion projects. + +Unlike some people, I have no shortage of ways to fill my time and despite having a high-flying job at a large tech company, I don't tie my identity to that. I'd also love to spend more time with my family. So when the time feels right, I think I'll be able to pull the trigger no problem. + +This was a useful thing for me to type out, but I'm not sure if anyone here got any value out of it. If so, I'm happy to answer any non-doxing questions and if this gets a good response, I'll try to do it again every year into the first few years of retirement. +Hi, + +I am 27 years old about to be 28 and I make 65K a year in NJ. After taxes I make $52,435.44. + +I put $1,600 a month into a brokerage account and $300 a month into a whole life policy. My total savings as of now is about 25K. It was more but the recession... Not worried. It will come back. + +I am married but we do not have kids. + +As my salary increases I try to increase the amount I put away. It is not always easy but I manage. + +Am I saving enough? Should I save more? Or should I have more fun and continue on my current track? + +I have 5K in cash. I really want a new watch but I just keep thinking about the ROI on putting it in the market at this age. + +My parents say I save a lot already. They think I should have fun and treat myself. + +What should I do? +# + +https://preview.redd.it/7f4ydk4jun471.jpg?width=3735&format=pjpg&auto=webp&s=3ef1413833fa53d916654190722b8fdf788c362d + +# Dearest Apes, + +# + +I love you all. I want to throw this out there for reference, I served two tours years ago Fallujah Iraq getting shot at, rocket/mortars lobbed onto our bases while we slept, driving through IED alley, etc while I was in the Marines. **I'll always believe that those people who I served with are the toughest SOBs on the planet. Guess what? You guys are a close fucking second which is a compliment to say the least. I've watched GME Apes fucking take lumps daily for months at a time. Constant FUD. Wild Swings. 90% losses for us Jan Apes, People watching their life savings disappear in mins, Drops from bid whacking that would scare 99% of investors.......that shit would take a toll on your average person's mental health.....Not you fucking Diamond Handed Crayon eaters**......So hear me out. + +&#x200B; + +&#x200B; + +# Supply and Demand. The rarest things on earth usually cost more. If it is hard to obtain and people want; it will be priceless. + +&#x200B; + +&#x200B; + +**If Apes can just keep buying and hodling. It doesn't matter what outside analyst think, what the media thinks, it doesn't matter what the government thinks, etc. We already own the entire float, shorts are stuck, and as long as we never sell; they can't unfuck themselves. It's that simple.** **We just broke the system with the most simple concept: BUY & HODL.** We like the stock, we support the stock/stores, and GameStop will thrive under great leadership and our continued support fueled by short interest driving up the price every couple weeks. If we keep having solid quarters, whales and institutions will be piling in. **If you are reading this now, congratulations; you got in at the ground floor of the biggest turnaround in history. It's like buying Amazon at $400 bucks or Tesla at $60.** If nobody sells, this stock becomes something special. **They can't make us sell and they can't stop us from buying. Therefore, the problem gets too large and it blows up into the largest and LAST MOASS that will ever happen. (Dear SEC, DTCC, Institutional Analyst who lurk here.....this problem isn't going away. We understand the game now, and if you don't let it squeeze it will blow up in the world's face. If they drop it to $1 tomorrow, I'll sell my house and buy the entire float myself and from what I've seen, so will every Ape here.** + +# + +# Ready for some jacked Tits: There are about 73,000,000 total (Estimate since we don't know how many got sold at the ATM yet) subtract - 6.57 Million for insiders = 66,430,000 million total for the market. So 66.43 Million shares for the entire world. + +&#x200B; + +&#x200B; + +# Let's just subtract some of the biggest players positions. + +**RC Ventures LLC** owns 9,001,000 + +**BlackRock** owns 8,508,379 shares + +**Vanguard** owns 5,444,295 shares + +**SSgA Funds Management, Inc** 1,858,535 + +**Charles Schwab Investment Managem...** 996,241 + +**Geode Capital Management LLC** 916,828 + +**Northern Trust Investments, Inc.(...** 698,602 + +**Jane Street Capital LLC** 509,922 + +**Principal Global Investors LLC** 381,932 + +**Paradice Investment Management Pt...** 308,442 + +**Invesco Capital Management LLC** 290,602 + +**DFV=** 200,000 + +# Just those right there are 28,806,336 shares. That would leave 37,623,664 shares available for the float after Institutional Investors (Don't worry ETF's are next). + +&#x200B; + +&#x200B; + +# Now ETF's. + +\*\*Vanguard Total Stock Market Index...\*\*1,477,414 + +**Vanguard Small Cap Index Fund** 1,284,171 + +**Vanguard Small Cap Value Index Fu...** 776,788 + +**Vanguard Extended Market Index Fu...** 773,937 + +**Vanguard Tax Managed Small Cap Fu...** 459,087 + +(Vanguard Total ETF: 4,771,397. 672,989 difference from Original number. ) + +**iShares Core S&P Small Cap ETF** 3,700,560 + +**iShares Russell 2000 ETF** 1,352,130 + +**iShares Russell 2000 Value ETF** 647,980 + +**iShares S&P Small Cap 600 Value E...** 486,018 + +(BR iShare total: 6,186,688) + +**St. James Place Unit Trust - Glob...** 403,953 + +&#x200B; + +6,590,641 + Either 672,989 (Combined with other ETFs 7,263,630 shares) or 4,771,397 (Combined with other ETFs 11,362,038 shares) + +&#x200B; + +# Total Remaining Shares after ETF's: (Edit) I learned that iShares are BlackRocks so I took out the Vanguards. The updated number is 36,546,722 + +# + +# + +# ===================================================== + +# So the ENTIRE rest of the float for everyone else in the world is 36,546,722 ***This is just like the top 10 holders, I didn't even bother to go further. So the float is likely much lower than this but I wanted to show how fucked the shorts are. + +# ===================================================== + +&#x200B; + +# Now for fun: Let's pretend like there isn't naked shorts and retail owns zero shares. There are 425k Superstonk members. (I'll not even count the overlap apes at WallStreetBets (10.5 Million users) or GME (300k) Let's say 25k of SuperStonk are shills and bots so 400k hardcore Apes. + +# + +# I did the math, if each Ape (400k) would buy 91.366 shares (Edit: was 66 now after removing iShares ETF numbers it's updated to 91.366805 right now) at ($216), that would buy up the entire remaining float. Now, let's stop pretending, and remember we own MILLIONS alone in this sub and guess what, I didn't even bother to do all institutional ownerships. I just did the fucking top like 10 just to show you how fucked they are. + +&#x200B; + +&#x200B; + +There is zero doubt we already own the entire float. Now think about this, each time they try to scare us into selling with these massive drops, if Apes buy or continue HODL if they have no more money left, the noose gets tighter. The lower the price is, the more shares retail is able to buy. They are stuck in between a rock and a hard place. If they lower the price, Apes significantly make the issue bigger when they buy more to HODL. If they start covering, they will probably go bankrupt. + +# + +# + +# Just think about this. Let's take the 94 million shares minimum I saw calculated on someone's DD on the options chains synthetics. Let's say our total float is 26.2 Million shares, that would leave SHF's having to buy back 67.8 million shares that Apes won't part with. THAT'S FUCKING MINIMUM!! I think the number is much larger than that. + +&#x200B; + +&#x200B; + +# If each pay period, we buy what we can.........that amount of buying pressure is making each FTD day much bigger than before. I'll continue buying and holding. They have to keep hiding their FTD's and each time the number grows and so do the swings up. + +&#x200B; + +# All you have to do is keep doing what you are doing. Don't lose faith, buy if you want to, and HODL. They can't close their positions unless they start buying. Remember those close to 200 million volume days in Jan, that's how you know they are covering. Until we see that again, they are just kicking the can down the road..... just keep doing what your doing. BUY, HODL, till MOASS. + +# Lastly, to me, GameStop is the long play regardless. I'm going to be a lifelong investor of theirs. I feel like I got in a really good time and I'll keep buying their shares. I think they have a SUPER bright future. I'm in it for the long haul. + +&#x200B; + +OOk OOk! Thumps Chest, and drops Mic! + +# Edit: Forgot the TLDR: Total float is between 26.4 Million shares and 30 Million shares for the rest of the world. Did the math, if 400k Apes keep buying it would only take 91.366 shares each person to own the entire float (Sidenote: I didn't even bother doing any additional shares outside the top 10 holdings, I just wanted to show how fucked shorts are). That's not including what we already own which my guess is in the millions of shares. Shorts can't cover anymore so they just keep kicking the FTD can down the road. 94 million shares were flagged as probable synthetic shares in the options chains. Just buy and hold until you start seeing volume and green dildos like back in Jan. Hedgies R Fuked and the problem is getting too big for the SEC/DTCC to ignore. + +Not financial advice. I'm a Marine for fucks sake......Trust me with a M16A2, not your money. I don't know if we have to keep writing that shit but just in case. lol + +# EDIT 2: I'm going to take this opportunity if anyone wants to learn a little about Marines. + +# + +There is a scene from the Part 2 video. 2:51 + +That reminds me of this community. Just sub the word Marine for Ape. + +"He's an Ape, I'll take care of him. " + +Fucking gives me chills. + +Love you all + +&#x200B; + +Part 1: [https://www.youtube.com/watch?v=rexpWI0nJTc&t=336s](https://www.youtube.com/watch?v=rexpWI0nJTc&t=336s) + +Part 2: [https://www.youtube.com/watch?v=xw05sDpFL3s](https://www.youtube.com/watch?v=xw05sDpFL3s) + +&#x200B; +My dad was making ~700-800k/yr for some time and recently bumped up to a bit over a million a year, but he's nearing retirement age, probably will retire in the next decade. He knows a lot of people in similar high salaried positions - VPs, directors, CFOs, leadership for each region/vertical, etc. - basically the fairly common "did very well in a corporate career" outcome. + +In all those positions, it seems like it's pretty hard to exceed a ~$1m/yr salary, maybe $2m if you're in finance, without being very close to the top at a very big company. + +So there's a bunch of people making maybe 1m a year for 10 years (since they're typically nearing retirement when they hit their peak), and they retire with liquid savings somewhere in the 10-20m range. + +My question is, what are some paths from that 10-20m "I got paid a pretty big salary" range to the ultra HNW 30m+ range which seems to be mostly dominated by business owners and CEOs? + +Is it most common to just invest and hope you get a bit lucky? What options are available at that 10-20m NW range to try to grow your wealth faster (hopefully reaching bigger numbers close to retirement, rather than well after)? Real estate? Private equity? Angel investing? +Major Francis Suarez wants to turn Miami into a crypto hub. + +In BitcoinMiami conference, Jack Dorsey said he would spend his lifetime on Bitcoin if he didn’t work for Twitter or Square. + +Where are you now in this widely adoption? + +https://www.cnbc.com/2021/06/04/twitter-and-square-ceo-jack-dorsey-focused-on-bitcoin-btc.html#:~:text=Billionaire%20Jack%20Dorsey%2C%20co-founder,my%20lifetime%20to%20work%20on.%E2%80%9D +Major Francis Suarez wants to turn Miami into a crypto hub. + +In BitcoinMiami conference, Jack Dorsey said he would spend his lifetime on Bitcoin if he didn’t work for Twitter or Square. + +Where are you now in this widely adoption? + +https://www.cnbc.com/2021/06/04/twitter-and-square-ceo-jack-dorsey-focused-on-bitcoin-btc.html#:~:text=Billionaire%20Jack%20Dorsey%2C%20co-founder,my%20lifetime%20to%20work%20on.%E2%80%9D +People have been asking for this from way back. Yet, it got devastated when I posted it the other day... so here's the repost... please keep it near the top!!!!!!! + + Hi all. Sorry it's been so long but it continues. I think what I have so far will explain all of this process. + +1. All IRA shares (Roth or Traditional) require a custodian. Your custodian can't be ComputerShare. However, IT DOESN'T MATTER! Why? No matter who the custodian is, the shares exist and are registered at ComputerShare (not the DTCC/Cede) Hooray!!! +2. Who is your custodian? It's your broker. And there is nothing we can really do about this as far as I know. Someone correct me if I'm wrong but from 1)... IT DOESN'T MATTER!!! +3. Now comes the fun part: First, I got all the info from CS.... It's all in the images. I use schwab, but the process is the same. The shares get transferred to CS and removed from DTCC/CeDE. The custodian remains the same, love'em or hate'em, it's you broker holding the account. +4. When doing the transfer, make SURE YOU TELL THEM it needs to classified as an IRA retirement account and either taxable (Traditional IRA) or tax exempt (Roth IRA) Also, if you've already done something like this and it wasn't meant to be a distro, chat with ComputerShare and see what the alternatives are like I did. + +WARNING!!!!!! The 'OOPS' I refer to is that Schwab told me that I couldn't rollover and I had to take a distro. THAT IS WRONG. As you can see, it's not how it's done. The rep I got told me how it's done. I am now reversing the transfer from being a distro to being a DTC transfer. ComputerShare has it's own department for handing screwups like this. I, specifically, told Schwab I wanted a transfer 'in kind' of my shares and they told me that there was no way to do it. Now, it seems I got a more knowledgeable rep who told me EXACTLY how to do it. + +&#x200B; + +https://preview.redd.it/ytcxptrwvx481.png?width=368&format=png&auto=webp&s=4a4beb7ad9e5c4fb4e64d43601a582d08444db76 + +&#x200B; + +https://preview.redd.it/1utdtscyvx481.png?width=355&format=png&auto=webp&s=db557952a3cf404fd84ee1a0469f425ee932c596 + +&#x200B; + +https://preview.redd.it/gotc8wy0wx481.png?width=362&format=png&auto=webp&s=c78849277ca5420894410c3c4519f708b26cc847 + +&#x200B; + +https://preview.redd.it/3deooie3wx481.png?width=362&format=png&auto=webp&s=66acb88ec9b8dd83574feff0e38bdafaf317d113 + +&#x200B; + +https://preview.redd.it/svuahxq5wx481.png?width=317&format=png&auto=webp&s=587ce217696aab72ffad1135663caa5249b9b877 + +&#x200B; + +https://preview.redd.it/upasrez6wx481.png?width=322&format=png&auto=webp&s=8bc852a92b092d1417eab86609402a9da35c6790 + +&#x200B; + +https://preview.redd.it/ag7lxkl8wx481.png?width=329&format=png&auto=webp&s=08d90652d5f6df989e4764cbbfd7ba04a798ef14 + +&#x200B; + +https://preview.redd.it/4bssswhawx481.png?width=320&format=png&auto=webp&s=fa874a248622374303c20ee731b0ec4da5171078 + +&#x200B; + +https://preview.redd.it/diogq16cwx481.png?width=333&format=png&auto=webp&s=a995788a3f1d13f1401dfd5e162facb53b429d09 + +&#x200B; + +https://preview.redd.it/tm4z6spdwx481.png?width=333&format=png&auto=webp&s=b079f1321f07e428e5fa65f5c428666f5b08c718 + +&#x200B; + +https://preview.redd.it/wgm33ptfwx481.png?width=329&format=png&auto=webp&s=3cc6f30a923d9e732a61f02a79db535d88faa7cf + +&#x200B; + +https://preview.redd.it/hym4ypbiwx481.png?width=427&format=png&auto=webp&s=9f62dd3a1df4678337b55ac3d9cee33eb56fc146 + +&#x200B; + +https://preview.redd.it/o2aais3kwx481.png?width=430&format=png&auto=webp&s=d0dc06f6039ee1ad14c1f4443c5b04b016ebae5a +People have been asking for this from way back. Yet, it got devastated when I posted it the other day... so here's the repost... please keep it near the top!!!!!!! + + Hi all. Sorry it's been so long but it continues. I think what I have so far will explain all of this process. + +1. All IRA shares (Roth or Traditional) require a custodian. Your custodian can't be ComputerShare. However, IT DOESN'T MATTER! Why? No matter who the custodian is, the shares exist and are registered at ComputerShare (not the DTCC/Cede) Hooray!!! +2. Who is your custodian? It's your broker. And there is nothing we can really do about this as far as I know. Someone correct me if I'm wrong but from 1)... IT DOESN'T MATTER!!! +3. Now comes the fun part: First, I got all the info from CS.... It's all in the images. I use schwab, but the process is the same. The shares get transferred to CS and removed from DTCC/CeDE. The custodian remains the same, love'em or hate'em, it's you broker holding the account. +4. When doing the transfer, make SURE YOU TELL THEM it needs to classified as an IRA retirement account and either taxable (Traditional IRA) or tax exempt (Roth IRA) Also, if you've already done something like this and it wasn't meant to be a distro, chat with ComputerShare and see what the alternatives are like I did. + +WARNING!!!!!! The 'OOPS' I refer to is that Schwab told me that I couldn't rollover and I had to take a distro. THAT IS WRONG. As you can see, it's not how it's done. The rep I got told me how it's done. I am now reversing the transfer from being a distro to being a DTC transfer. ComputerShare has it's own department for handing screwups like this. I, specifically, told Schwab I wanted a transfer 'in kind' of my shares and they told me that there was no way to do it. Now, it seems I got a more knowledgeable rep who told me EXACTLY how to do it. + +&#x200B; + +https://preview.redd.it/ytcxptrwvx481.png?width=368&format=png&auto=webp&s=4a4beb7ad9e5c4fb4e64d43601a582d08444db76 + +&#x200B; + +https://preview.redd.it/1utdtscyvx481.png?width=355&format=png&auto=webp&s=db557952a3cf404fd84ee1a0469f425ee932c596 + +&#x200B; + +https://preview.redd.it/gotc8wy0wx481.png?width=362&format=png&auto=webp&s=c78849277ca5420894410c3c4519f708b26cc847 + +&#x200B; + +https://preview.redd.it/3deooie3wx481.png?width=362&format=png&auto=webp&s=66acb88ec9b8dd83574feff0e38bdafaf317d113 + +&#x200B; + +https://preview.redd.it/svuahxq5wx481.png?width=317&format=png&auto=webp&s=587ce217696aab72ffad1135663caa5249b9b877 + +&#x200B; + +https://preview.redd.it/upasrez6wx481.png?width=322&format=png&auto=webp&s=8bc852a92b092d1417eab86609402a9da35c6790 + +&#x200B; + +https://preview.redd.it/ag7lxkl8wx481.png?width=329&format=png&auto=webp&s=08d90652d5f6df989e4764cbbfd7ba04a798ef14 + +&#x200B; + +https://preview.redd.it/4bssswhawx481.png?width=320&format=png&auto=webp&s=fa874a248622374303c20ee731b0ec4da5171078 + +&#x200B; + +https://preview.redd.it/diogq16cwx481.png?width=333&format=png&auto=webp&s=a995788a3f1d13f1401dfd5e162facb53b429d09 + +&#x200B; + +https://preview.redd.it/tm4z6spdwx481.png?width=333&format=png&auto=webp&s=b079f1321f07e428e5fa65f5c428666f5b08c718 + +&#x200B; + +https://preview.redd.it/wgm33ptfwx481.png?width=329&format=png&auto=webp&s=3cc6f30a923d9e732a61f02a79db535d88faa7cf + +&#x200B; + +https://preview.redd.it/hym4ypbiwx481.png?width=427&format=png&auto=webp&s=9f62dd3a1df4678337b55ac3d9cee33eb56fc146 + +&#x200B; + +https://preview.redd.it/o2aais3kwx481.png?width=430&format=png&auto=webp&s=d0dc06f6039ee1ad14c1f4443c5b04b016ebae5a +Let's be real - this coin slaps. + +Yesterday SLAP stealth launched to explosive success, and we're already at 200k mc with no pre-sale marketing. Our community is growing fast and we're taking on lots of talented members to grow the project! The team is very transparent and you can get in touch with them on TG with any questions. And that's not all: + +Tonight the SLAP team will be announcing their first SLAP community contest: it will be a fun opportunity to win some SLAP tokens - which are quickly gaining value! Furthermore, the SLAP team will be donating money from the project to a charity of the communities choice. More details will be released on TG in the next few days! + +Join the SLAP community because this is more than just another pump coin - this is the start of something bigger. With all the talent the team is gathering, the passion and commitment of the devs, anyone getting in now is SUPER EARLY. There is so much planned for the future. Come join the SLAP party! + + +Website: https://www.slaptoken.com/ + +Telegram: https://t.me/thiscoinslaps + +Contract: https://bscscan.com/address/0xb84828e7222339ce2688d2d6159603fa25004d53#code + +Liquidity Burnt: https://bscscan.com/token/0xb84828e7222339ce2688d2d6159603fa25004d53?a=0x000000000000000000000000000000000000dead +“sure owning a house must be nice but those people will never know the timeless thrill of pouring bacon grease directly into the sink” - renters everywhere +Has anyone else found the cost of living rising substantially? Inflation has stayed pretty consistent according to the RBA but just anecdotally it feels like the cost of everything is rising much more than 3-4%. It feels everywhere you go everything is costing a heck of a lot more. Whether it be a cafe, Bunnings or the supermarket. What is everyone else’s opinions? +I’ll keep this as short as I can but I’m sure a lot of you can relate to this feeling. +I learned about forex in March 2018 from a co worker and I immediately seen the potential. Since then I spent countless hours reading books, watching videos, and backtesting on my demo account. 3 months in, I went live with $200. Had some lucky success but ended up wiping my account. I was no where near ready. + +Went back to the demo , kept learning, and occasionally did .03 trades on live as a form of real practice. Had about a 50% win rate but I was missing some key components. I understood the trends but was not patient enough and would enter trades too early and get stopped out. It was very frustrating. I took about a 2 month break from forex and came back last week with a clear mindset and view on everything. + +It’s almost like all the information I learned in the year needed time to absorb so when I stopped, I subconsciously let that info stick and now when I look at the charts I’m doing everything close to perfect. + +I can’t look at charts or trade during the day do to my work schedule but that’s a good thing. I get home from work at 7pm and I find a trade I want to make. I keep an eye on it for a few hours and usually execute my trade before I go to bed around midnight if everything looks good. And during the night, it usually hits my take profit. Been doing this consistently once a day and it’s been great. I’ve been extremely confident with my trades now and it feels amazing. Just feels like everything is clicking! Really sticking to the buy low sell high phrase has helped a lot. My only problem is I play it safe and only catch 250 pips max but in reality with GU I could be catching 500-1000 a trade but I’ll get there lol. + +My goal is to slowly start increasing my lot size as my acct grows. By the end of the year I want to use $2-5 lots.I’m using small lots so my weekly goal since Sunday was $100 profit and I’ve already passed it. + +Here’s a look at my trades this week. + +https://imgur.com/gallery/ZyZMmPI + +I’d love to hear your guys stories and any tips or tricks you may have for me as well. I’m still an amateur obviously but I’m on my way to becoming an expert :) + + +A year has passed, which means it’s time for another annual update. + +If you missed my previous posts, they can be found below: + +https://www.reddit.com/r/financialindependence/comments/emwhuo/27_black_female_raised_in_hood_just_crossed_100k/ + +https://www.reddit.com/r/financialindependence/comments/n4tbll/you_may_snatch_my_job_from_under_my_feet_but/ + +Let me start with my numbers: + +401k: $203k // Ind. Brok: $182k // Roth IRA: $31k // Checking: $20k // RSUs: $2k + +NET WORTH = $438k + +Overall 2021 growth was $169k, which was a 63% increase YoY. I invested $113k total. + +Here’s how long it took to reach each $100k: + +$0k - $100k: 36 months + +$100k - $200k: 13 months + +$200k - $300k: 7 months + +$300k - $400k: 8 months + +As a reminder, I’m 29, I work in marketing, earned $187k total comp in 2021 ($150k base, 37k bonus), split expenses 50/50 with my partner and don’t have/want kids. + +Reflections +* FIRE Journey - I’m in what some call “the boring middle,” but it doesn’t feel boring or slow. If you factor in the power of compound interest and my contributions I’m technically 75% of the way to financial independence! As I near the end of this journey, it feels bittersweet. From being obsessed after discovering FIRE to having contributions on autopilot, it feels like I’m approaching my senior year of college all over again. I’m nervous, excited and impatient all at once. I understand the importance of cherishing these last few years as my life may look different after I hit FI (reduced hours, more travel, more writing/other hobbies). I’ve also been drawn to stories of people who write about their life post-FI. Maybe this is a sign for me to create a post-FI blog 😉 + +* Career - My current job is very low-stress and to many, it may sound fun. However, I feel like I’m hitting a ceiling in terms of growth opportunities and have been applying to other roles (specifically remote). The company treats and pays me well, but that’s not enough to keep me. Once I reach a point of mastering my responsibilities, I get bored. That’s when I know it’s time to look for another job. I figure if I’m roughly 3 years away from being fully FI, I might as well try to earn and learn as much as I can these last few years in this industry + +* Love - My partner and I are still going strong. We’ve been talking about marriage lately and playing around with the idea of getting engaged in 2023. His NW is nearly identical to mine so if we were to combine finances our NW would be ~$850k. Whenever we get married, we will likely have a small, intimate wedding (20 people max) and spend lavishly on the honeymoon + +* Family - After nearly 2 years (Thanks, COVID), I visited my parents for Christmas 2021. It was rough seeing the conditions of the neighborhood I grew up in. Everything is falling apart (houses and people) and my mother is drinking alcohol more than ever. I feel helpless. My mother and I don’t have the best relationship (it’s definitely improved over the years), but it still hurts to see her this way. I want to help her, but she has to be ready for change at her own time. After chatting with her a bit, she’s definitely not ready to seek help. As for my father, his health is deteriorating as well. The good thing is they both have pensions and should be okay in retirement. I just wish they took better care of themselves and moved to a safer environment + +* Mental Health - My happiness has been pretty steady. I don’t feel deprived. However, I’m itching to travel more (especially internationally). Hitting 50% FI has given me a sense of calm and freedom. So much so, I feel like I already won the game. I’ve been thinking about what I want to do when I reach 100% FI (some of which I’m already doing) and it’s been fun researching the possibilities + +* Physical Health - I cycle indoors 3-4x per week for an hour, lift weights 2x per week and eat well. During warmer months I go for long walks outdoors. My body feels fantastic. After witnessing the declining health of my parents (early 50s), I’m even more passionate about maintaining healthy habits. Financial independence is no fun if you’re sick or in pain all the time + +* Future - I don’t have specific financial goals except to continue what I’m doing. Within the next few years, I’d like to think more about what I want to transition to once I hit FI. Right now, my FIRE range is between $1.25M-$2.5M individually. I spend between $30k-$35k annually. For some reason, my partner wants us to aim for $10M ($5M each), but I’m not interested since I can’t imagine what we’d spend it on. I mean certainly travel, but with compound interest on top of that I can’t envision us spending it all in our lifetime. This will require more discussion before we get engaged, but would love to know how other couples reached a mutually desired FIRE number/range + +Until next time… +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). +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) +One of the main reasons why stocks fail to reflect the economic conditions experienced by most of us is the increase in stock buybacks. Companies often push up stocks in partial and arguable ways to increase the value of their management stock options by buying shares on the open market. + +The 2018 tax cuts initiated by Trump led to inflows of company cash, which is usually used to buy back shares. Therefore, there is no connection with the economy, but cash is swaying in the company's warehouse. + +The market is often seen as a rational indicator of the current and future economy. President Trump often brags about his success as a proof of economic strength. But this idea that the market is an indicator of the future and is closely linked to the real economy is a myth in most cases. The market is usually very irrational, otherwise we would not collapse. + +The market needs a stimulus plan. The current COVID-19 uncertainty and stimulus measures, and because high-tech companies are very likely to have false hopes, stock prices are soaring. The stock market is often completely wrong. This is based on the economic conditions of the pandemic, so there is a historical, huge new layer of uncertainty. +If you are new to crypto, these times can be scary. It's uneasy for all of us. + +But it's at these times gains are made. Not by trading (for some, sure) but by studying and planning your strategy. Now it's time for you to do your research on which coins you believe in and align your bags accordingly. + +**It's true what they say, "Time in the market, beats timing the market"**. So don't over-leverage, don't sell high or on the way down, and stick to projects/coins you believe in. If you believe in crypto, your goal is to still be in this game years down the road. + +And it's way more profitable than jumping ship from coin to coin depending on what's pumping. Plus you will learn a lot along the way. + +Once you've aligned your bags accordingly, all you need to do is to lay in a coma, trust your intuition and try to keep yourself from refreshing prices 24/7. + +This part is difficult for all of us to do, but it's important. Doing this is a lot easier if you have hobbies or things you're passionate about outside crypto. So try to pick up a new hobby or do something that keeps you from looking at charts every 5 minutes and FOMO into any shitcoin that's pumping this day. + +Best of luck to all of you. +I noticed I had a charge on my card for AmazonMusic Unlimited. I reached out to Amazon and they said the subscription was activated by my Alexa enabled device in the kitchen - no one in my house would have done this since we have a family Pandora Premium plan. The Amazon rep told me if you request a song thats part of unlimited, it may subscribe you. This is crazy - check your accounts just in case. Also, you can change the default music service for Alexa I just found out - so that's my next step. +They gave me a full refund and cancelled the subscription by the way. + +Edit: hi all! I haven't had time to read through all the comments, however there may be some questions about small children activating it etc. +It's just me and my wife in my household, no small children or any other guests within the last month when it was activated. My wife and I definitely didn't knowingly accept or ask for it, but we may have accidentally done it?? + +Edit 2: ok a couple more updates for all the questions and such. Mystery solved! I listened to the recording (all my Alexa interactions are recorded apparently) and it was my wife's sarcastic "ok" that did it. No I didn't call and "chew" out anyone at Amazon - I've worked my share at call centers so I'm not that guy - they knew I didn't want the subscription and refunded it right away - this was more of a PSA for people who weren't aware - but most of you are; good! +What did I learn: turn off voice purchasing!! Thanks everyone for the tips and help. +I know that we are Indians, and patriotism blah blah. But I think its good to hear a case that India isn't going to be the next economic superpower. Lots of people (even big fund managers) make this macro argument. I don't think its true. + +You can see this on my blog at: [https://pradyuprasad.wordpress.com/2019/11/25/the-bear-case-on-india-part-1/](https://pradyuprasad.wordpress.com/2019/11/25/the-bear-case-on-india-part-1/) + +Here's why (same text): + +Some famous international investors like Prem Watsa and Mohnish Pabrai have bought into the India Growth Story (IGS). I feel that the IGS is overhyped, and projections of India becoming an economic superpower are unlikely to happen unless major policy and cultural changes are in place. + +When Prime Minister Modi was elected in 2014, there were projections that he would be India’s Thatcher or Deng Xiaoping. These projections have been untrue. Economic growth in the country has slowed down with Q1 real GDP growth being at 5%, compared to 7.1% in 2018, and 8.2% in 2017. Unemployment according to the Center for Monitoring the Indian Economy a private sector company is 7.5% compared to 5.9% in 2018 and 5% in 2017. Worst of all, real consumption appeared to have declined by 3.7%, for the first time in 40 years according to a [leaked report](https://thewire.in/economy/consumer-sending-fall-rural-demand-nso-report) from the government. + +India optimists like [Bill Gates](https://m.economictimes.com/news/economy/policy/india-has-potential-for-very-rapid-economic-growth-says-bill-gates/articleshow/72094025.cms) have said that the country has significant potential and can get millions out of poverty in the next few years. I disagree. I think that India is headed for stagnation of growth in the long run and the current slowdown is just the first step in it. + +**The contents of the IGS:** + +The history of the IGS can be traced back to a [2003 paper by Goldman Sachs](https://www.goldmansachs.com/insights/archive/archive-pdfs/brics-dream.pdf) and a [2000 analysis by the Brookings Institution](https://www.brookings.edu/articles/india-rising/). It said that with the right policies, India would be a country with \~$3500 GDP per capita in 2030 and $8124/capita in 2040. + +Most proponents of the IGS believe that in the next 30 years or so India will have high (>8% real economic growth), will be an economic superpower with a billion and more consumers. This amazing country will benefit from a demographic dividend, from the [10 million Indians](https://cse.azimpremjiuniversity.edu.in/wp-content/uploads/2019/10/Mehrotra_Parida_India_Employment_Crisis.pdf) entering the job market every year who will find jobs, spend, save and invest. Another part of this story is that there will be massive fixed investment in roads, bridges, and others which will lead to more economic growth. I will now take down the first part of the IGS: the labour myth. + +**The labour myth: Jobs, people (and the lack thereof)** + +It is no secret that India is having trouble creating jobs now. Over the last year unemployment has shot up to 7.5% from 5.9% a year ago. The government attempted to hide this by stopping the release of the NSSO labour survey before the elections, which was leaked to the media. + +A big part of the IGS is this: + +1. Indians will enter the work force +2. Get jobs +3. Spend that money. + +**People? What people? It’s only men here** + +Indians are not entering the workforce. In most developing countries, labour participation rates are between 60 and 80%. The 75th percentile is 67% LPR, and the median is 62%. But India is at at a low 51% (the 13th percentile) with its neighbors being Gabon and Suriname. None of the GS papers or the Brookings piece anticipated this. In a country full of young bright educated (or so they claim) youngsters over half of them stay at home and chose not to go to work. + +See this photo: [https://imgur.com/a/vYPOJdS](https://imgur.com/a/vYPOJdS) + +The standard objection to this is that India’s young are educating themselves.They are building human capital for their future and so this should be excused. This shall be shown to be untrue later in this post series. The lack of participation of Indians from the workforce is not equal across the genders. + +**Almost 79% of males in the working age in India chose to look for a job, but only 21% of females do so.** The male participation rate is within global norms but the female labour participation rate falls laughably short. In fact the only countries which do worse than India in this are Egypt, Morocco, Somalia, Iran, Algeria, Jordan, Iraq, Syria and Yemen. It is worth noting that 3 of those countries are undergoing wars -Yemen, Syria and Iraq, 2 of them have mass protests against the government – Iran and Egypt and Somalia has a joke of a government. India is among the **worst** globally here. But why does this indicator matter? After all who cares about this number?\* + +I think you should, if you care about the health of the Indian economy. If India were to have normal (\~40%) labour participation rates with average incomes ($1900) each then there would be at least an approximate 156 billion USD\*\* (6%) boost to the economy. Moreover around 80 million women are sitting at home when if we had better education, and social norms that allowed for it. You don’t have to be a radical feminist to see what a waste this is to the economy. There are 80 million women at home, not working. They would if they were born in the US, Germany or Taiwan. + +**You should care because the demographic dividend may not even happen if half the country isn’t participating in it. The projected ‘dividend’ isn’t happening** **if half the country doesn’t work.** + +\*If that doesn’t piss you off enough, here’s this: Pakistan beats India by 1 percent. It has a female labour participation rate of 22%. + +**\*\*My analysis is an ESTIMATE. This is a back of the envelope calculation. I’m not an economist.**67% of India is in the working age (15-64). That is 897 million people. 48% of these are women. That is 430 million women. Only 21% of these chose to participate in the labour market. That means that there are 90 million women in the labour market today. I’m going to assume they ged paid the per capita GDP rate which is 1900 USD. Which means if these women earn the average income, they earn 171 billion USD. If more (\~40%) of women participated then we’d have 170 million women in the workforce. If they too get paid at the same pay they’d get make 327 billion USD. This is 156 billion USD more than what they are earning now. The India economy is 2.59 trillion USD. 156 billion is 6% of that. And this doesn’t count for the multiplier effect from the spending, the fact that women usually spend more on their children (when given cash transfers) which means a higher long run growth rate, and the social effects of this (lower family violence, lower birth rates). + +Edit: u/[g0dfather93](https://www.reddit.com/user/g0dfather93/) asked if I was contradicting myself when I said that unemployment is high AND that having more women participate in the labour market would increase economic growth. I should have been more clear in this. I think that when we do get back to normal aggregate demand conditions (with a healthy banking and non banking sector), the low LFPR for women will make India grow slower that it would with a higher one. +This post gained traction real quick, lots of comments, awards, upvotes. + +Nothing of substance was said, the only claim for tomorrow was that Uranus has 27 moons. There’s nothing in this that deserves the attention it’s getting. + +Don’t fall into the trap of buying options. + +Buy, DRS, Hold. +Righto, so my wife and I were really keen on a 3 bed property in Epping, Vic. We've spent the past 6 months looking in Heidelberg/Rezza and due to insane prices, we decided to venture out a bit further where on the surface, things seemed more reasonable. + +This particular property was listed from $495k to $539k. Tonight at 6pm, there would have been 100+ people there and within seconds the bids hit $600k. + +We called it a night at $630k but the bids kept rising. Eventually it sold for $671k. Completely insane in my opinion. + +I'm just posting this as a bit of a vent. I was slightly disappointed but also saddened for the 90+ people who were hoping for something competitive but looked defeated and demoralised within seconds of the opening bids. + +Hedge fund manager Steve Cohen became a billionaire thanks to insider trading. How is he not in jail? On top of insult, he bailed out Melvin Capital* and is allowed to buy the NY Mets. + +FRONTLINE documentary link: +[To Catch a Trader](https://www.pbs.org/video/frontline-catch-trader/) + +I finished watching this Frontline documentary and was flabbergasted to learn that only the people working under him were found guilt and sentenced to prison. In one instance, Steve Cohen literally tells investigators that although he opened an email with insider information, he didn’t pay attention to the screen right before executing a criminal trade! + +This pisses me off because most of us on Reddit are investing our hard earned money one day at a time. We are doing it honestly and are still getting better yearly returns than Wall Street. These guys are playing with house money, cheating, breaking the law and becoming billionaires. + +The same guy bailed out Melvin Capital when Individual investors were beating Hedge Funds fair and square: +[Melvin Announces $2.75 Billion Investment from Citadel and Point72](https://apnews.com/press-release/pr-newswire/business-investment-management-trusts-and-fund-management-financial-services-steven-cohen-8935453622eaa23ee976ca07fa65cb2d) + +Edit: +Meant to type “who bailed out Melvin Capital” not “who bailed our Citadel”. +Hello. I got the premise of the question from an article printed by The Economist (economist.com/special-report/2020/05/07/china-wants-to-make-the-yuan-a-central-bank-favourite) They claim 3 benefits to being a reserve currency: +1. Lower transaction costs - I assume this means that there’s not as much need to change currencies +2. Leverage - can be used to threaten sanctions etc. pretty straightforward +3. Macroeconomic flexibility - This is the one I’m asking in this question. They claim that foreign ownership of American notes is essentially a loan to the USA. + +Could someone walk me through how #3 works? I googled this before, but I never did understand what it meant. +I'm 17 with about $15k in my webull account. i formerly used r/wallstreetbets and just made a shit load from $GRVI. When i was trying to find safer things to invest in i looked a dividend stocks. I've bought some already but i'm debating if i should expand now or wait. I turn 18 early next year and i'm going to have to transfer my assets because i'll have to make an account under my name. +Merrill Lynch [was just fined $850k](https://www.finra.org/sites/default/files/fda_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf) for Reg SHO violations, primarily focused on improper netting of positions to eliminate FTDs: + +https://preview.redd.it/a47etu1098s71.png?width=673&format=png&auto=webp&s=a2efe05942ad15681e8a2f37d0b0570dc6b15731 + +This is something I had never heard of, but apparently there is a way to claim "pre-fail credit" to reduce delivery obligations: + +https://preview.redd.it/gee3vim898s71.png?width=680&format=png&auto=webp&s=b56e840b7ff4e0b8a27b352ed46eb26897f793ac + +So you know you're going to fail, and you try to claim credit against that impending fail through trading activity between the original trade date and settlement date. Primary issue appears to be that you can't use affiliate activity for "pre-fail credit", which Merrill allowed certain clients to do: + +https://preview.redd.it/kah9zfyl98s71.png?width=676&format=png&auto=webp&s=9cce5e05d0afcc5427303901a50d3cc4b4018818 + +The result was reducing close-out obligations while continuing to have a short position: + +https://preview.redd.it/97snbi7t98s71.png?width=705&format=png&auto=webp&s=35efbab91ad8bf787741cb640c2db07f2e0a8fa1 + +Another part of the action reveals that Merrill was using overseas affiliates to calculate net positions, which also isn't allowed: + +https://preview.redd.it/98n2s33da8s71.png?width=671&format=png&auto=webp&s=1f23b2fe3449f87cd58de7cbbddda5ba45a2f4f5 + +So the way I read this is that Merrill used derivatives trades in an overseas affiliate to offset short exposure in the US, and change whether orders were marked short or long. + +That sounds an awful lot like what Wes was talking about in his AMA. Also sounds like FINRA is looking a bit more closely at short sale marking, FTDs and delivery. + + +Title explains. + +You don't need to make a lot of money to be considered a "successful trader". If you're averaging anywhere between $100-$300 a day, that's great. Even if you're making less, that's great too. You don't need to be making $5000 a day to be considered a "profitable trader". It's very easy to feel discouraged when you're making "little amounts" in the market because of what we see online. + +A lot of times we see traders making thousands of dollars on YouTube or other social media platforms which could lead us to feel like failures if we're not averaging as much as them. This is what leads people to blow up accounts because they're overleveraging for their account size.. and it's just not necessary. + +Stay consistent, and just keep doing what you're doing. This is not a race. If you end the week making a few hundred or less, that's amazing. You can use that money to pay a few bills, or even treat yourself to something nice. + +You do NOT have to make thousands of dollars to be a profitable trader, okay? :) + + +Before this stock listed on the TSXV I provided a strong “Due Diligence Packet” which you can read if you’d like: [https://www.reddit.com/r/Canadapennystocks/comments/mnr6e7/due\_diligence\_packet\_justkitchen\_ipo\_jvv\_the/](https://www.reddit.com/r/Canadapennystocks/comments/mnr6e7/due_diligence_packet_justkitchen_ipo_jvv_the/) + +Jason Chen, CEO of Just Kitchen met with Jay Martin of Cambridge House International to discuss the company, their unique business model, the technology, revenues, expansion, and their unique ability to be agile and to pivot when needed. + +[https://www.youtube.com/watch?v=9QjjnFwAFgQ&ab\_channel=CambridgeHouseInternationalInc](https://www.youtube.com/watch?v=9QjjnFwAFgQ&ab_channel=CambridgeHouseInternationalInc). + +A few highlights (but highly recommend watching/listening - its only 20min) : + +\- Food delivery is on pace to be a $1 TRILLION business by 2030. Digital online ordering has outpaced dine-in traffic by a whopping 300% since 2014. 60% of homes in the UA use digital ordering delivery / dine-out. And in Taiwan this number is \~72% of households. + +\- The technology stack provides JK the ability to use data to predict future trends and allows them to optimize inventory, staffing, and location expansion. It also allows them to predict what restaurant brands and types of cuisines will be needed in certain communities. + +\- The old saying of “Location location location” is not essential in their business model. JK is focused on building spokes in population rich communities. They don’t need to focus on premium real estate such as on high/front streets. + +\- Domestic expansion is going on now in Taiwan and the business is basically on autopilot in Taiwan. Further international expansion is in focus now with Hong Kong and Singapore expansion already in motion for 2021. Relationships, data, and understanding of economics, etc make this an easy next choice. Negotiations for expansion into the USA and Philippines are also underway. All of these expansions are planned for 2021! MONSTER CATATYSTS are coming and will help propel the share price significantly higher. +Why would I sell GME at this price point when GameStop is: + +1) Beating Amazon at their own delivery service + +2) Expanding their market to more than just video games + +3) Reorganizing with a really strong board of directors + +4) Converting their retail stores to PC Cafes + +5) Made a freaking performance center in Texas - what else are they gonna make? They're also debt free somehow? Good lord + +6) Hinted at a esports department with a brand new Twitter account <- maybe fake but jesus christ it made me jack my god damn tits + +7) Lastly, nft.gamestop.com anyone? + +**The stock is truly undervalued in my honest opinion.** + +If Amazon was just an indie company out of a garage but is now valued at 3.2k - what makes GameStop any different? Seriously, why would you sell even if somehow the short squeeze did not happen? I bet you we'll see the institution have a change in sentiment towards GameStop in the near future irreagrdless of a squeeze or not. + +TL;DR: GameStop is about to be the new G in FAANG. Hedgies are fukt. HODL. + + + + + +EDIT: Alright, I'm glad this is well known lol and we have similar sentiments :) - I just see apes on this subreddit come and go and I'm not sure who read what. + + +I guess the last thing I'll say is: If there's ever an alarm of FUD - just recall our sentiment UwU +Hi guys, + +So I've been weighing the pros and cons of using credit vs debit, and actually makes sense to use someone else's money rather than your own (as you long as you pay everything back and don't get into debt, of course) + +In America you can harness the full power of credit in the form of rewards, cashbacks, insurance, airline miles and so on. But I'm yet to find such credit card in Germany, or in Europe altogether. + +Your help is much appreciated, thanks for your advise. +**Crossposting for** u/Justbeenlucky **from DDintoGME with permission.** + + +In an article linked below, the Ceo of Schwab stated that Fidelity uses internalization as an alternative to PFOF. + +What is internalization? + +according to investopedia "In business, internalization is a transaction conducted within a corporation rather than in the open market. Internalization also occurs in the investment world, when a brokerage firm fills a buy order for shares from its own inventory of shares instead of executing the trade using outside inventory. The process is often less expensive than alternatives as it is not necessary to work with an outside firm to complete the transaction. Brokerage firms that internalize securities orders can also take advantage of the difference between what they purchased shares for and what they sell them for, known as the spread. For example, a firm may see a greater spread by selling its own shares than by selling them on the open market. Additionally, because share sales are not conducted on the open market, the brokerage firm is less likely to influence prices if it sells a large portion of shares." + +Theory: + +Fidelity has been one of the main reasons volume has been dry. By internalizing their stock purchases when apes buy, fidelity has the option to take that order to the open market or internalize that order off exchange. So this entire time Fidelity has been able to make BANK off of us. When the price is high they can choose to internalize their customers orders making a profit off of the spread. Doing this takes away volume by keeping buy orders off of the exchange having less of an affect on price. Then when the price gets dropped from shorting they slowly buy those shares back before the next rollover period which contributes to the slow rise in price leading up to the jump then dump. + +This whole time we assumed that Fidelity was the good guy because they did not turn off the buy button. But to me it seems pretty convenient that the one broker that didn't is the only broker that uses internalization. Making them the perfect broker to keep volume low. + +Summary: + +Fidelity uses internalization as alternative to PFOF. Basically if i buy a share from them they can either take that to the open market or or sell me one of their shares off exchange. This impacts volume and price discovery. + +Again, all credit goes to u/Justbeenlucky +#LOCK THE FLOAT + + +_______________ +Edit: +Link added per request of author. + +Schwab CEO: Fidelity's payment for order flow claims not 'the whole story' + +https://www.spglobal.com/marketintelligence/en/news-insights/trending/IiJL9zOpAk76f_BrDunluA2 +Hi guys + +I’m very confused about using leverage, so I’ll use an example to see if anyone can help. + +Let’s say I have £2000gbp in xxx. +I think xxx will go up 3% near future. +I don’t want to lose all my £2000, but I would like to make more profit, so I decide I’ve got about £450 I can afford to lose. + +It’s at this stage I start to get overwhelmed. Let’s say I choose leverage x3, this means I’m investing/starting £150 of my own money. God even as I write this, I’m getting confused. + +All I really want to know is how to use leverage when I think a price is going up? Should I be buying or selling on the order? Man I know this is probably easier than I think but I’m just not getting it. +Because I am willing and able to buy all the bitcoin ever mined at 1 cent each. So the next time a bitcoin skeptic brings up the bitcoin going to zero argument just let them know that a random reddit guy on the internet said that he will not let that happen. + +Edit: thanks for all the love and support Reddit family! Looks like we made it on Cointelegraph. + https://cointelegraph.com/news/bitcoin-to-zero-not-while-this-redditor-has-187-000-to-spend +Hi everyone, + +My mom was given 2-6 months to live after her fight with breast cancer took a very bad turn. She's closing up her business which provided health insurance and paid her $1000 a week. + +She'll have no insurance or income in a week or two. Without saying too much she's under the age of retirement, has less than $2000 in her bank account, and is single in NJ. What options does she have for government assistance? + +EDIT: I'm shocked at how quickly this blew up with information and I'm so thankful. + +-Will definitely be reaching out to hospice social worker about options. + +-Unfortunately, all of her life insurance is term with no cash value. + +-Her business and assets are essentially worthless since they either make no money or she owes more on them then they're worth + +EDIT 2: This really supplied so much more information than I could have imagined and again just want to say thank you. There's simply too many posts and comments and questions to respond to, but I am reading them all. +This one is for all the newbies joining the corporate world. A lot of confusion about EPF and UAN. We simplify what UAN is and how it is useful in this article. + + +Universal Account Number (UAN) is all you need to operate your Employee Provident Fund (EPF) account. Withdrawal, PF loan application, checking EPF balance - everything is covered online through this one UAN. + +**What is a UAN?** + +Every employer contributing to EPF has a 12-digit Universal Account Number. This is alloted by the Employee Provident Fund Organization. + +The beauty of a UAN is that the UAN remains the same throughout the life of an employee. Does not matter if you change jobs. Every time you change jobs, the EPFO will allot a new membership identification number. This ID is linked to your UAN. + +**How do I find my UAN?** + +**A. Ask your employer** + +Your finance team/ HR team will have records of this. All you have to do is ask. Most employers also mention the UAN on the salary slips. + +**B. Know your UAN functionality** + +* Click on this link to access the EPFO website - [https://unifiedportal-mem.epfindia.gov.in/memberinterface/](https://unifiedportal-mem.epfindia.gov.in/memberinterface/) +* Click on Know Your UAN at the bottom right corner. +* Enter your mobile number. + +If UAN is linked to your mobile number, it will show up here. Otherwise, you need to talk to your Company's finance team/ HR team. + +**Activate your UAN** + +Now that you have obtained your UAN, your task does not end here. To actually access the [EPFO portal](https://passbook.epfindia.gov.in/MemberPassBook/Login), you'll have to Activate your UAN. + +* Click on this link to access the EPFO website - [https://unifiedportal-mem.epfindia.gov.in/memberinterface/](https://unifiedportal-mem.epfindia.gov.in/memberinterface/) +* Click on Activate UAN at the bottom right corner. +* Enter the necessary details. You can choose to enter one of the following: +* UAN +* Member ID +* Aadhaar +* PAN +* We recommend using UAN since that might be easiest. +* Click on Get authorization PIN and activate UAN using the OTP sent to your mobile number. + +And you're done! If you want to learn more about Income from salary and how tax is calculated, [click here](https://www.thegalacticadvisors.com/salary). + +The above is usually enough to answer most people's questions. But if you're here to learn or need additional information, read on below. + +**Documents required for UAN** + +New to the salaried world? Here's the list of documents you'll need (fret not. Your company will usually guide you through the process and what they need). + +* Bank account details: +* Account number +* IFSC code +* Branch name. +* ID proof: Any photo-affixed and national identity cards like driving license, passport, voter ID, Aadhaar, and SSLC Book +* Address proof: Utility bills (electricity bills, gas bills, etc), rental/lease agreement, ration card or any of the ID proof mentioned above if it has your current address. +* PAN card +* Aadhaar card + +**Do I really need a UAN?** + +Yes. There's no way around it. If you want to be employed in India, there's a high likelihood that you'll need a UAN. + +The UAN has several advantages for you as well: + +* There's no need for multiple EPF accounts. Your UAN remains the same irrespective of if you switch jobs. This is now a single unified account. +* The whole EPFO process is now online. No need to visit EPFO offices. +* Withdrawal (fully or partially) from PF is now online with this UAN. +* The EPFO passbook is available online instantly – either by logging in using the member ID or UAN or by sending an SMS. No need for passbook updation. +* If you do switch jobs, you can transfer EPF balance yourself. There's no need for any intervention from any of your employers. +* There is no need for new employers to validate your profile if the UAN is already Aadhaar and KYC-verified. +* UAN ensures that employers cannot access or withhold the PF money of their employees. +* Monitoring becomes easier. You can check that your employer is actually depositing money as their contribution in the EPF account. +There has been a rapid sequence of contradictory signals regarding the massively hyped tech company that is making a name for itself by claiming to have put together the world's first electric heavy truck capable of dealing with loads over 33,000 pounds/15,000 kg + +On September 8, GM announced a partnership with Nikola, further legitimizing the company in the eyes of the public. + +On September 10, MarketWatch posted a link to a lengthy document published by Hindenburg Research that contains lots of condemning evidence and even goes as far as calling the entire company a "Massive Fraud." + +I must admit I've only read 30% of it so far but it looks pretty bad. What's your take on this? + +**A word of warning**: Hindenburg Research is frequently accused of putting out sensationalist pieces that target particular companies to manipulate the market to their advantage. There have been multiple lawsuits. + +Sources: + +[https://hindenburgresearch.com/nikola/](https://hindenburgresearch.com/nikola/) + +[https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10](https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10) +Apes, it's time to don a wrinkly hat and pretend we're smarter than we really are. Let's think through what RC's plan might be with this share dividend and see if we can come up with an idea of what to expect. + +As you know, on March 31, GameStop announced a plan to request stockholder approval to increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 **in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend.** + +>"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) **in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend** and provide flexibility for future corporate needs." +> +>Sauce: [SEC filing](https://gamestop.gcs-web.com/node/19686/html) + +This is a **stock split** in the form of a **stock dividend**. There's a very big difference as explained by [u/justSomeWorkQs](https://www.reddit.com/user/justSomeWorkQs/) here "[Stock SPLIT and stock DIVIDEND are not the same! This is MUCH better news than just a split!!](https://www.reddit.com/r/Superstonk/comments/tta25x/stock_split_and_stock_dividend_are_not_the_same/)" + +TA;DR: + +* A **stock split** is an accounting problem where everyone just multiplies their share count. A 2:1 (two for 1) stock split would give you 2 shares for every 1 share you have. You take your X shares and multiply by 2 so you now hold 2X shares! Simple! +* A **stock dividend** is a "reward" for shareholders where the company gives you more shares for every share you have. A 2:1 stock split in the form of a dividend means you'll end up with 2 shares for every share you have now. Or, in ape terms, GameStop gives you a free share for every one you own. + +This difference is important because dividends are very commonly given as a **cash dividend.** With a cash dividend, a company straight up gives you money for each share you own. A company can give a $1/share cash dividend and, for every share you own, you'll get an extra [$1 to bet with the Dukes](https://en.wikipedia.org/wiki/Trading_Places#Plot). + +# Legit Shorts vs Naked Shorts + +A very important distinction here between **Legit Shorts** (where a borrower shorts a stock by *actually* borrowing a share from someone else) and **Naked Shorts** (Hi Kenny!). If you loan out your share to someone, you are not entitled to receive a dividend because all rights to that dividend go with the share which is now in someone else's hand. + +>When a security is transferred as part of the lending agreement, all rights are transferred to the borrower. This includes [voting rights](https://www.investopedia.com/terms/v/votingright.asp), the right to dividends, and the rights to any other distributions. +> +>Sauce: [Investopedia](https://www.investopedia.com/terms/s/securitieslending.asp) + +No apes here would ever knowingly let their share get lent out. But brokers are often looking for a quick buck and they will loan out our shares. When a dividend happens, if **our** shares are lent out, our broker makes it up by paying us the (typically cash) dividend. Brokers would effectively be hiding from us that our shares were lent out. Under normal circumstances, as long as we got our dividend, we probably wouldn't care too much. + +Here's the fun part: **Naked shorts are obligated to deliver dividends to the shareholder they sold a synthetic share to.** + +# Back to the Stock Dividend + +GameStop wants to issue a Stock Dividend of the Company's Class A common stock - that's the same type of stonks we all have been buying and DRS-ing. Which raises some very good questions: + +1. **Why ask for shareholder approval?** There are about [77M issued shares (aka shares outstanding)](https://finance.yahoo.com/quote/GME/key-statistics/) and, according to their [June 2021 prospectus](https://news.gamestop.com/node/18961/html#supprom192873_19), are authorized to issue up to 300M shares of Class A common stock. They could easily do a 3:1 share split as a dividend using just the shares they are already authorized to issue. +2. **Why Class A common stock?** This is the same type of common stock shares we are already buying and direct registering. We already know Kenny can easily Xerox up a new batch of these shares for us anytime he needs them. What's to keep Kenny from just Xerox-ing some more of these Class A shares to deliver (or fail to deliver)? +3. **Where NFT?** A very good question. Because, according to their [June 2021 prospectus](https://news.gamestop.com/node/18961/html#supprom192873_19), GameStop could easily issue Preferred Stock and [Units](https://news.gamestop.com/node/18961/html#supprom192873_24) \- neither of which exist now for Kenny to Xerox up. + +# A Phased Approach To Avoiding MOASS Risk + +I can think of two reasons: + +1. The main reason I can think of for RC and GameStop to be going down this path is to limit litigation risk related to MOASS. How? By giving as many exit ramps as possible for legit shorts and naked shorts to take. +2. Someone (perhaps SEC or FINRA?) is forcing RC and GameStop to give as many opportunities for market participants to close their short position. Many opportunities over a long time allow those players to reduce systemic risk of MOASS - if they exit. + +**Phase 1:** By publicly asking for shareholder approval, GameStop is putting everyone on notice of a common stock share dividend. (They didn't need to, but they did.) This allows market participants who ARE NOT FRIENDS WITH KENNY to exit NOW because they don't have access to Kenny's share counterfeiting machine. This is an exit for all the legit shorts to get out before getting burned. + +Kenny and Co are in deep though. So, they will run their share counterfeiting machine to sell the same Class A common stock into all those shorts closing. Kenny, of course, knows what's going to happen next: a dividend his share counterfeiting machine can't counterfeit. To Xerox something, you need the original. Neither Preferred shares nor Units exist. + +**Phase 2:** Preferred shares. Preferred shares are similar to Class A common stock, but they'll have a different identifier (CUSIP) and they don't exist - yet. Kenny shouldn't be able to counterfeit these Preferred Shares because they won't exist until GameStop issues them. (You can't Xerox something that you don't have the original for.) But, these preferred shares don't have any real protection to them. Once they exist, Kenny can Xerox these just like the Class A common shares he's been replicating. + +**Phase 3:** NFT dividend. This is where [Units](https://news.gamestop.com/node/18961/html#supprom192873_24) come in to play. From their [June 2021 prospectus](https://news.gamestop.com/node/18961/html#supprom192873_24), GameStop "may issue **units** consisting of any combination of two or more **securities described in this prospectus**". There's literally a section in that prospectus titled "[Description of Securities We May Offer](https://news.gamestop.com/node/18961/html#supprom192873_19)" which lists Common Stock, Preferred Stock, Depository Shares (including ***Dividends***!!!), and Book Entry Securities. Combining a NFT dividend with any other security (e.g., common stock, preferred stock) now authenticates and guarantees that security is both legitimate and not synthetic. + +BOOM. + +Disclaimer: Am smooth brained. This is all [conjecture](https://www.dictionary.com/browse/conjecture). +The title says it all. I called 1800-323-4332 aNd it only took me about 7 minutes to complete the whole process. No computershare account needed in advance. This is the way. I'm proud of all of the apes who transfered before be. Now let's squeeze these fückers +🚀 🌙 +As the title states, my parked car was hit by a guy backing out of his driveway at the end of September. Right after the accident, I called the police, got an accident report, and the other driver admitted fault. I submitted a claim with his insurance, got a letter stating my claim was in process...and I haven't been able to get anything else from them since. I have spoken to their higher ups, left hundreds of messages, and nothing happens. No updates, no one who answers will give me any information, nothing. + +I think I am at the point where I need to file with my insurance to get my car fixed, but I wanted to see if there are any other steps I can or should take. Is getting money from the other driver's shitty insurance company a lost cause? Will my insurance go after them? Do I get a lawyer involved? + +Thanks in advance everyone. + +UPDATE: Thanks for taking the time to give me advice everyone. I just filed with my insurance company to get this going. + +UPDATE: Great feedback, Reddit. Thanks for all taking time to reply. This was my first accident and I feel like I am now much more prepared to handle this. For others like me, go ahead and file with your own insurance, especially if the offending party's insurance is unresponsive. There is no good faith with these people, even with a straight forward accident with a police report. This should be illegal, but it isn't. My insurance has already scheduled repairs at the body shop of my choice and is going after the other party/company. I will check my rates but have been assured they won't go up as I wasn't at fault or even in the vehicle. Again, thanks everyone. You people are great. +Let’s have some fun, what do you waste money on? +We all hear about the lattes, eating out, cats/dogs, cars and the avo toast specifically being the downfall of the kids these. +Real talk however for me it’s buying watches and overspending on home shit + +What crippling consumerism is ruining your future? + + for me it’s the 6k gazebo getting installed today. + I encourage you ***ALL*** to watch this. + +Ethereal talk with Head of blockchain at EY (Ernst & Young) [https://youtu.be/ccqAoM9AsXs](https://youtu.be/ccqAoM9AsXs)starts at 3:37:57 + +He mentiones Nightfall there and some more interesting things. In a few words: Corporations WILL come to use Ethereum mainnet. That's the Head of Blockchain at Ernst & Young. It doesn't get much bigger than that. + +Thanks to /u/moontrainpassenger for sharing with the community +Our DD is correct, GME is over shorted, all shorts must close, they haven’t, MOASS is inevitable\*. + +However, those moneyed interests who wish to prevent this have arrayed three approaches I am seeing which are poised to prevent the MOASS. I refer to these disparate parties as the Global Financial Elite (GFE) because they aren’t just the short hedge funds, but money makers, bankers, elected politicians, unelected appointed policy directors, and moneyed families with long histories of running the show, none of whom have any interest in losing their control or letting serfs like you or I into their club. It also sounds spooky and ominous, and that’s fun. + +Let’s jump into it - here are the three approaches they are moving to implement right now (and what we can do to stop them) + +&#x200B; + +# 1) Inflation combined with sideways trading + +To avoid being margin called, they tried punching GME down. Again and again we’ve shown when they knock the price down we buy the dip and merely expand their obligation. While they need their GME liability to decrease relative to the assets that back them, knocking the price of GME down doesn’t work. Inflation however, accomplishes the same thing. If the prices of everything else go up, but GME stands still, the effect is exactly the same. + +[Stonks go up, GME go sidewise](https://preview.redd.it/rmryc2k3vk181.jpg?width=1933&format=pjpg&auto=webp&s=8d6479c494c5d88bd0b5267f5b3f2cf4a0a167fc) + +Inflation has been used to silently erode and steal value away from average folk without them realizing for over a century, and the GFE are absolutely pushing for **policies** which will have inflationary effects so they can reap the benefits of this mechanic yet again, against GME. If GME rises 10% while the market (inflation) rises 20%, GME has been boxed down. We need to be aware of this and vocally fight against inflationary policies with the same vigor as we do more transparent approaches like naked short selling and dark pools. + +&#x200B; + +# 2) Capital gains on UNREALIZED GAINS + Inflation + +Taxing your gains before you even sell is how they intend to force you to sell your GME. Inflation is the tool that makes this work. If inflation raises the price of GME up 25%, then not only has GME lost value (per method 1) but now the government will tax you say, 40% of that rise. 40% of +25% is 10% + +Imagine paying 10% of your total GME value, just because inflation made GME go up a little bit + +Big XXXX apes who dumped a lifetime of savings into GME, now must come up with 10% their whole life’s savings every year just to avoid selling. Good luck. Many will have to sell some of their GME to do that. And they aren’t alone. Every single baby ape that scraped together the cash to become a X holder, or XX holder over the last 9 months will have to come up with 10% of that money in taxes – I know **I'm** not used to filing my taxes and OWING the government money (usually I get a return). The only place I (and many others) can go to get that owed money, would be by selling some of our GME stock. + +Ignoring for the moment how this forced sell off accelerates as inflation rises, this reduces the overall short obligations and creates very real sell pressure that guarantees that while stocks rise, GME won’t rise as fast, all without them having to put in the same amount of effort on their end. + +We can not allow taxes on unrealized gains. Already it is being floated as a tax on the rich, but that’s all a smokescreen. It’s designed to hurt GME owners both big and small, create sell pressure, punch down the price, and make GME an incredibly unattractive proposition for any new money – both from existing apes, and prospective ones. A benign law passed that 'only applies to the rich' is only ever one quiet amendment from going nuclear. + +# 3) The Federal Reserve wants to be granted the power to (naked)short stocks + +“Bullshit” I hear you say, but this is **not** conspiracy theory. + +A proposal written by Saule Omarova, [Biden’s nominee](https://www.washingtonpost.com/business/2021/11/18/omarova-occ-senate-hearing/) for the Federal Reserve Comptroller of the Currency, is tailor made to kill GME. [You can read here](https://wp0.vanderbilt.edu/lawreview/2021/10/the-peoples-ledger-how-to-democratize-money-and-finance-the-economy/) (written in Fed-speak, so get wrinkled or get frustrated) how it lays out a radical restructuring of monetary policy which truly deserves its own post. In summary, the Federal Reserve would be expanded and private banking duties would be taken over by the government. A Central Bank Digital Currency (CBDC) replacing the dollar would be created. Your new bank account with the govt could be credited newly printed ‘fedcoin’ (their words), and could also be ‘debited’ in *“rare circumstances”* when the government decided there was too much supply in circulation (yes that means government could take money out of your account for no other reason than inflation numbers being too high). But the truly crazy, shocking, and threatening to GME part of the plan is the Government’s proposed role in purchasing, holding, and ***shorting*** stocks. + +&#x200B; + +[Page 47 of the PDF](https://preview.redd.it/9jgezi6bxk181.jpg?width=1110&format=pjpg&auto=webp&s=f68a7916cc4a1fe9b1dfd58b71285427cd991f6d) + +With the pretext of ‘preventing bubbles’ like the subprime mortgages in 2008, the government would be empowered (and required) to short any security or commodity that they felt was being traded for more than it’s actually worth, *"for purposes of financial-market stabilization"* ^((pg7)). Effectively, the government would get to decide what each stock was worth, the range it was ‘allowed’ to trade in, and manipulate the market to get the result it wants. + +There is way more to this paper, and to this shorting program inside this 71 page document, but you get the gist. This policy would be the end of GME. It would never squeeze. **Any time the price rose for any reason, it would** ***"threaten the stability of the market"***, and the government would short it to an effectively unlimited degree. Who is going to margin call the US govt? The massive asset size of their balance sheet protects them against any liability like GME. Particularly if they have the license to manipulate the price and thus what the liability of having shorted GME is actually valued at. + +But even worse, this wouldn’t just mean new shorts, but buying these short positions off the books of Citadel and your favorite Hedge Funds – They would clean their books of these ‘toxic assets’ just like the government did back in ’08 with the toxic MBS. The government would be on the hook, the hedge funds would walk away scott free. + +Do you get now why I call the adversaries aligned against us GFEs? They aren’t just folks on Wall Street. Saule Omarova can not be confirmed. All appointees need to be scrutinized. She needs to be a household name and this plan needs to be front page. This plan was published October 19th (not a decade ago) and was intended to be read by moneyed cronies of the Vanderbilt, not for the likes of you and I. Do I think she has it out for GME? Not necessarily. But those who do want her in, want policies like what she proposes to be passed, and they aren't siting on their thumbs. + +These folks are moving against GME right now, quietly. And this is why [KennyG talks about ‘surviving another day’](https://youtu.be/B0iSJdzF5pw?t=84) because you only have to make it long enough for something like a 2008 bailout, 2022 Inflation that buys you another year or two, a 2023 Fedcoin, or a branch of the Federal Reserve empowered to literally short assets they decide put market stability at risk. + +\---------------------------------- + +In closing: Inflation, taxes on unrealized gains, and political appointees aren’t just bad policy, but a direct and targeted approach to save the GFE from GME. An NFT could kick off the MOASS tomorrow and all this becomes moot **– but there ARE plans to kill GME, they are in motion RIGHT NOW, and we cannot sit idle waiting on a trigger and allow those plans to move forward without opposition.** + +Start discussing, and familiarizing yourselves with these plans, what they entail, what they require, what their signs and milestones will be, so you can recognize them and inject them into relevant conversation. We stop them by knowing them, knowing to say ‘NO’ to them, and because we will be loud. We will be loud because many of us will know to reject them, just like many of us now know to reject to dark pools, payment for order flow, and naked shorting. Apes *together* strong. + +The fight is not over. They are losing the game so they are trying to rewrite the rules. Merely hodling the winning hand is no longer enough. +I got a duplex in early 2021 and started leasing (year lease) to this young couple late 2021. Been househacking (living in the smaller unit) and renting out the larger unit. + +This is where I made a mistake. In Feb 2022 one day, he asked me if he could bring his dog (which stayed at his sister's) and pay an extra $50 a month. I immediately said yes since I felt bad for the dog. He's an outside dog and stays in the shed. Looks like a Rottweiler mixed breed. + +Now, the dog constantly barks almost all day and sometimes at nights I wake up. The noise is NOT worth the $50/month. I've asked him to calm the dog down, he's been apologetic but the noise is still just too much. I've been thinking of strategies to help. +1) Going to buy a anti barking dog device. Let's see if it works. +2) Add a clause in the renewed lease agreement that the dog would cost an hefty amount in the upcoming new lease agreement. I'm thinking somewhere like $300/month. To dissuade keeping the dog OR at least make the noise worth my while. + +Any thoughts, advice? +What an impressive Canadian growth story for Artizia (ATZ on the TSX). + +U.S. sales growing 80% YoY and now make up more than half of sales in their latest quarter. + +https://preview.redd.it/13v4ar7esgl91.png?width=815&format=png&auto=webp&s=035627c34610b4b2b3ff7e3da3fe40fa78d6a1d6 +We've likely all been taught, or have read, that when a strategy's alpha looks too good to be true, it probably is. We've likely all also coded strategies that have excess returns that the best hedge funds would die for, and it's a matter of time until we find the bug that caused the excess returns or would destroy the strategy in real world deployment. + +In cases where you are unsure what's "wrong", what are some of the first things you look at for sanity checking/debugging? +Putting names, faces and titles behind ape speak gives it damning credibility. There were literally 3-6 people who had openly associated themselves with the fuckery that had been happening in the marketplace so far. Since yesterday, it's been hundreds who have not been afraid to stand behind Peter and lend their support. + +They've been calling us 'retail' and 'dumb money' all this while. Look at the the profiles of some of the people who have been bold enough to comment/react to his posts. All fields and walks of life. Not. Dumb. + +It started with one man last year. It went global a few months ago. Yesterday it went mainstream. Goosebumps anyone? + +To all the LinkedIn apes and apettes... *Waves* + +To everyone else. We've seen this before. We have been here before. The price is not right. Hang in there. + +ETA: As for me, I like the stock. + +Edit 2: Ok this blew up way beyond random musings. Apes, please act responsibly on whichever online/offline platforms you choose - to talk about your favourite stock. + +Edit 3: Changing PH to Peter - for obvious reasons. +Hello! I have been struggling for quite some time. Being a single mother is very challenging and also rewarding. 4 months ago I fell on hard times ended up in a shelter. I would like to say that today my credit has improved, I moved into my apartment yesterday, will start a better job come the New Year, son starts preschool, and things are looking up. +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). +Jersey City appears to be screwed. Countless apartments for rent. Downtown units for as low as 1500/month that used to be over 2k+. Countless for-sale signs on every block. + +Yet construction is booming on countless new high-rises. This will only lead to more dropping in rents and flight from the area as the supply of units grows with less demand. + +Jersey City was a commuter city to NYC. NYC is going to be screwed for many years(hopefully it will one day recover but not soon). Now that there is no reason to work in NYC there is no reason to live in Jersey City. We are already seeing fight from JC in mass scale which will only continue as people leave to cheaper states and areas. Why live here when you can keep a 6 figure job and have a nice house with land? All the cultural activities that drew people to cities are closed for foreseeable future and crime is surging in NYC at record numbers. + +TLDR: WFH, civil unrest, and covid mismanagement by NYC will have a cascade effect bringing down the entire "tri-state" area as people flee for greener pastures. +Have been broke for a while. Got a job as a bartender in Ireland. It's OK. It nets me free food from the kitchen so I can spend very little on feeding myself. Pay is €400 to €450 a week, after tax. Rent is €134 a week (Am strongly considering finding elsewhere when I can. Which will be €390 a month.) Currently have €3,000 in my account, with a soft goal of saving €1,000 a month. Electricity is ridiculous, idk, can be maybe €60 a month. I believe I can have 10k by January 1st 2023. + + + +Anyway, I've never really had any kind of savings. I want to get some advice on what I should be aiming for or doing with it as it rises. Just straight into a current account? I'd like to try to own a house or apartment some day, but that's probably an unrealistic goal for someone like me. I'd also like to maybe train to do something that pays better and I enjoy more, but I already have a degree and a did not finish Masters degree. + + +Am 27, not an Irish citizen, but British, would like to become an Irish citizen though. Eventually would like to be an EU citizen and retire in Greece. +Hours cut due to covid same as wife's hours, no food, car troubles got worst, and family problems to top it off my mom is on her death bed I do not know a way out at all I'm trying to stay calm for my wife but inside I'm freaking out its putting a strain on our relationship I feel like if one more bad thing was to happen to us I would give up is how I'm feeling I dont think I could handle it just wanted to put this out somewhere love you guys stay safe. + + +UPDATE: talked with hr and was told I cant get partial unemployment because we are still working 40 hours use to work six days a week now to five that one extra day of work means alot. I was doing fine its crazy how one day can impact so much I've just had a really bad run with luck the last few weeks and the comments and messages have really helped me out mentally talked to my wife she understands and now we are making a budget which we have never done I'm lucky to have her. I just want to say thank you to everyone here so much I was able to pay people back get food and get gas you guys have saved me literally. also I have reached a hotline and set up a visit over the phone but nonetheless I got a therapist lined up low cost and first visit free. Thank you, everyone +How much do I need to get $3k-$4k per month? What stocks do you recommend to get that? I am happy to get assigned some good stocks which I can wheel for years. + +Edit : Just checked monthly premiums delta around 0.24 +AMD $230 (1 contract) +SQ $290 (1 contract) +Tqqq $200 (2 contracts) + +For $14400. If we do it x5 we need $72000. Comments/suggestions appreciated +The world used to be not so fucked. Then the world got a little bit fucked. Now the world is really fucked and it's about to get *way* more fucked. Fuck, it's actually fucked. + +What this sub has come to learn over the past 2 years is that the root cause of the majority of the trials and tribulations most people are currently experiencing in the world today have been due to global financial systems abusing their many privileges in the pursuit of profits at any cost. Bad bets are made often and when things go south, taxpayers are left with the bill. Well, we're at the precipice of global financial collapse brought on by a massive positive feedback loop of countless bad bets, except this time, the people who usually win are losing. Badly. And we are the winning side. + +Through a combination of time, greed, incompetence, negligence, corruption and crime, modern markets have become 100% rigged. Yes, you heard me. 100%. Investors are being robbed at a fixed casino, but the **Game** is about to **Stop**. + +My goal in writing this is to outline 3 main reasons why I think investing in GameStop is simultaneously a smart long-term investment play and is also one the few, if not the only life raft in the inevitable financial turmoil the world is about to experince; + +1. GameStop is a healthy long-term investment +2. NFTs are not what you think they are ^(humor me) +3. Illegal Naked Short Selling/GME Short Squeeze + +# GameStop is a healthy long-term investment + +Why? GameStop; + +1. is hellbent on maximizing customer experience; + 1. Ryan Cohen founded Chewy in 2011 and sold it to PetSmart in 2017 for $3.35 billion. It became a hyper-successful online retailer due to repeat business from customers that had incredibly positive experiences like being able to keep products ordered/sent by mistake for the sake of convenience and sending flowers and hand-written cards to customers whose pets had died. Cohen is bringing the same mentality to GameStop. Leadership has been refreshed, stores have been updated, branding has been unified, new innovative products like the GameStop Wallet are powerful and easy to use, and much more. +2. has has no debt; + 1. Up untill Cohen invested in GameStop, it had tremendous levels of debt. Now it has relatively [none](https://www.macrotrends.net/stocks/charts/GME/gamestop/debt-equity-ratio). As Larry Cheng (Volition Capital, GME Board Member) [says](https://twitter.com/larryvc/status/1557177841036443649), "The best position: debt free, cash flow positive, strong balance sheet." +3. has revamped leadership; + 1. GameStop has poached literally [hundreds](https://www.gmedd.com/dd/amazon-dont-tell-me-we-lost-another-as-gamestop-poaches-over-250-hires-from-tech-giants/) of top-tier talent from reputable, strong, blue chip companies. New leadership for their new direction, which is *up*. + 2. Netflix pivoted to streaming during the dawn of the internet, which made them successful and made compies like Blockbuster obsolete ^(shh, don't tell them). GameStop is now making a similar pivot, creating a new ecosystem and ensuring they are situated to capitalize on systemic changes, and they have the right people in place to drive this change. +4. is expanding their product offerings; + 1. Their online store offers a much wider array of products and they have strategic parnters to deliver products to customers at an impressive speed. +5. is at the forefront of integrating cryptocurrencies and NFTs into gaming; + 1. GameStop developed their own NFT Marketplace. + 2. GameStop developed their own self-custodial crypto wallet; + 1. Self-custodial means that even in the *extremely* unlikely event that GameStop goes bankrupt and/or if the GameStop Wallet poofs out of existence, you still own all your assets through your Ethereum address and can access it from other UIs. Ownership of any item is not dependent in any way on the success of the company. + 3. They have partnerships with industry-leading companies in the crypto space; + 1. [Loopring](https://loopring.io/#/layer2) \- an open-sourced, audited, and non-custodial exchange and payment protocol that anyone can build upon. A Layer 2 scaling solution for payments. + 2. [Immutable X](https://www.immutable.com/) \- an industry-leading NFT minting and trading platform with a heavy emphasis on gaming. A Layer 2 scaling solution for NFTs. + 3. [Cyber Crew](https://engwindart.com/cyber-crew-nft) \- A collection of digital artists creating high-quality *playable characters* and *usable items,* all tradable on the Ethereum blockchain. + 4. [Kiravirse](https://kiraverse.game/) \- KIRA is an online multiplayer blockchain-based game created in Unreal Engine 5 where users across the globe can come together to play, compete, and earn. Think Fortnite but on blockchain (remember, most consumers/gamers don't need much, if any knowledge of NFTs). Check out some [footage](https://www.youtube.com/watch?v=xceD0gN7nnU&ab_channel=KIRAVERSE). Nice. Why Kira over games like Fortnite? Well, you can never have your items taken from you, they're cross-compatible between games and you can earn real money through playing and trading. + 5. [FTX](https://ftx.com/) \- A registered and regulated crypto exchange. FTX US will collaborate with GameStop to introduce its customer base to the digital asset ecosystem. As a result of this partnership, FTX US will be GameStop's exclusive crypto exchange partner in the U.S. and GameStop will be FTX US's preferred retail gaming partner. + 4. See below; + +# NFTs are not what you think they are + +If you hear the term "NFT" and immediately think something along the lines of "overpriced JPGs are stupid", you aren't wrong to feel that way. **We agree.** When you see this community get excited about NFTs, *that isn't what we're excited about*. + +While JPGs can be NFTs, that doesn't mean NFTs are JPGs. They are not synonymous terms, not even close. Instead of thinking of NFTs as images exclusively, think of them as *any* ***unique*** *thing that is compatible with blockchain technology*. That's it. Everyone has been focusing on the product itself (and often they can't be blamed for that), where a more fitting metaphor for an NFT would be the *barcode* on that product. + +Hating on NFTs because you disagree with everything that the *Bored Ape Yacht Club* and other projects stand for is like disagreeing with Costco as a business because they stock Dyson vacuums. + +Remember, the barcode on any product in any store is irrelevant to the average consumer, but vital to the business for logistics and operations. Think of what barcodes have done to increase the efficiency of commerce at every level. All NFTs are doing is bringing that efficiency to blockchain-based items. + +Relative to GameStop specifically, gaming NFTs will be unique, blockchain items and the fact that they will be NFTs will be virtually ^(no pun intended) irrelevant to the average consumer. The important aspects of NFTs are the underlying methods by which they're created, stored and traded - trustless, permissionless, verifiable and immutable on a blockchain, and more specifically to GameStop, the Ethereum blockchain. + +Ether is the native currency of the Ethereum blockchain, and like bitcoin, if I have one and you have one, and we switch, there is no difference. It's like trading a like bill or coin with a friend. You still have the same amount of money. Conversely, if I have an NFT and you have an NFT, and we switch, *there is a difference.* I had #20 of something and you have #35, and now we have the other. The number is what matters and it can be tracked and verified by the use of NFTs. And within the vastness of the blockchain that is Ethereum, they're basically like universal barcodes for all upcoming digital games, stores, communities and more. + +It's not overly revolutionary in theory, but it does allow everyone to create, communicate and trade in one unified system. Gamers will be able to complete actions like giving/selling a game item (a skin, for example) to someone else *between different games*, all without the need for an intermediary. You will **never** have a studio step in and restrict your access to your shit in this ecosystem. You can't tell me that isn't desirable, especially in the industry of gaming. + +I'll give one more example regarding *ownership*. Here are some recent examples of how the things you buy aren't really yours; + +https://preview.redd.it/m6ybv05grhu91.jpg?width=1001&format=pjpg&auto=webp&s=de9cd00c6a60dbbcd73cf79b62071b62ead58592 + +https://preview.redd.it/u2dtcl5grhu91.jpg?width=1221&format=pjpg&auto=webp&s=b563384152d47bbcfd9db46448b78a7cace4a4da + +https://preview.redd.it/ennr8l5grhu91.jpg?width=1080&format=pjpg&auto=webp&s=9a87462c33934975b67a26bf70cc680b5be07239 + +I understand there are certain examples where outrage may not justified, as you may have purchased the license to one specific thing and if that thing updates or changes then your license may become void in some way, but let's not get lost in the weeds. + +The point is - **in the modern world you do not own your assets**. If a developer wants to take your stuff, they can. If a corporation wants to move the goalposts of a contract mid-game, they can. If an exchange want to restrict your ability to trade something, they can. One solution to this probelm that GameStop is about to offer through the use of NFTs is that it removes the intermediary, meaning *every* transation is done by somewhat of a calculator, a very secure, very trustworthy program. No one can get in the way. No one can shut it off. No one can interfere. Again, when done properly, you can't tell me that isn't desirable. + +Remember, an NFT can be *anything* on the blockchain. So technically, games licenses could be distributed as NFTs, or skins, or rare items, or a universal gaming currency, etc. etc., and as long as you never sell them or get scammed out of them (that's on you - with freedom comes responsibility), you own them in perpetuity and they will *never* change. + +# Illegal Naked Short Selling/GME Short Squeeze + +What would it sound like if I said, "*RadioShack is destroying the economy!", or "Home Depot investors are stealing from teachers' pensions!"*? It sounds ridiculous because it is, yet somehow when *RadioShack* or *Home Depot* is substituted with *GameStop*, somehow everyone believes it. Here is one question that *no one* has been able to answer since Jan 21' - how *exactly,* in terms of specific market mechanics, does retail investors *buying* something, aka injecting liquidity *into* the markets, into *one specific stock,* pose a threat to the entire system? I'll tell you - it doesn't, and anyone who says it does is manipulating you and if they aren't aware of that, they're on the payroll of someone who else who is. + +People much smarter than me have written in great detail about the specifics of how this is done, I won't come close to doing any paticular topic justice so if you're new here I will simply direct you to the [Superstonk DD Library](https://fliphtml5.com/bookcase/kosyg), but I will simply do my best to summarize at a high level. + +In a onceuponanuttshell, get familiar with the tern ***Illegal Naked Short Selling,*** despite what the media will tell you, it is the single most powerful mechanism by which our the stock markets are being manipulated in the modern era. Top players get to pick and choose which companies thrive and fail by controlling the stock price via creating more shares than exist, selling them in the open market to plummet the price and hiding that crime in the complexity of the system. + +Let's say I have a milkshake stand and I want to go public because my milkshake brings all the boys to the yard. I sell 1000 new shares for $1, so the market cap on *OnceuponaMilkshakes* is $1000. BUT, Booster Juice (no disrespect, love a good BJ) sees me as a threat and wants me out of business, so the CEO of BJ conspires with some financial criminal who specializes in this sort of thing, let's call him Gen Kriffin, and they work together to secretly and illegally sell shares that don't exist. They do this by "borrowing" as many shares as they see fit with the "promise" of returning them. This artificially increases the supply of my stock which has a real-world effect of lowering the stock price. All they really need is a little drop, or a slow and sustained drop over time. Then magically bad news about my company and/or me comes out in the news and low and behold real investors see red with bad news, get fearful and sell out, creating a positive feedback loop, plummeting the price to $0.10. Now I have no capital, can't afford my debt, can't afford to continue business and I'm forced close down. Little do we know, BJ CEO, Gen Kriffon and some close friends of theirs opened up short positions at $1 based off their inside information. The initial dip was manufactured and the bad news wasn't real. They just **stole** $0.90 from everyone who took the bait. Paying the news company to run negative stories and risking volatile markets are just "costs of business". They will also never pay taxes on those profits - for more fun facts refer to the DD libary above! + +What happened here was *Illegal Naked Short Selling*, in conjunction with a few other illegal practices, but they aren't important for the purposes of this example. The benefit for short sellers is they capture the difference in price when it goes down, but remember, this is a gamble. The risk is that if the price goes up, short sellers need to *return the thing that they didn't have*, which means they are forced to buy it. + +Had *OnceuponaMilkshake* investors not sold, and in fact purchased those 200 new shares, the price would have risen above $1 and the "promise" of short sellers to return what they "borrowed" would need to be fulfilled. I only issued 1000 shares but 1200 exist in brokerage accounts, so shorts need to buy 200 more to close their position. The tricky part is the only place they can buy shares is from the original investors of the 1000 shares, and if no one sells, shorts need to increase their prices until they can afford 200 shares. Let me introduce you to my friend, *Mr Short Squeeze.* + +This is obviously a gross oversimplification, but by and large GameStop has been one of many victims of *Illegal Naked Short Selling* like the example above. The difference is, for the first time ever no investors took the bait. We threw a really big fucking wrench into their engine and now they're all panicking because they don't know what to do with all the extra shares they borrowed and sold. And there are a lot. + +In the words of Houston Wade; + +>There's no panic selling. These people, they may have bought at $4, sat through $400, went back to $40, went to $350, back down to $110, and they have not sold. All they've done is bought more, and there's no answer for that. It's like Art of War mastery by a bunch of idiots who should know better. + +We don't know exactly how many shares are out there, but at one point last year there was official data that showed GME had 2.26x the amount of shares in existence and that number has only gone up. That's evidenced by the rabid GME community continuing to *buy* but the price has continued to go down. + +What we do know is that the data (crime) previously hidden in the complexity of the system is slowly coming to light, especially with GME investors Directly Registering Shares (DRS) through GameStop's official transfer agent, Computershare. (Info on this can also be found in the [DD Library](https://fliphtml5.com/bookcase/kosyg)) + +In closing, GameStop was neatly packed into the 'fuck you' box, but we the investors have given Ryan Cohen and his team the capital needed to help it transform into a successful company. There is **a lot** more to the story but all the data points towards one thing - the Mother of All Short Squeezes (MOASS), and anyone holding GME shares will benefit from it. +I don't know what else to say about this, other than I'm glad I don't live in Canada... + +[https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/](https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/) + +I don't know if "Human Rights Tribunal" decision is legally binding in Canada or if there is an appeals process? +To all the CA folk, this is Prop 10 2.0 + +https://ballotpedia.org/California_Local_Rent_Control_Initiative_(2020) + +It was previously called the Rental Affordability Act, but they just recently changed the wording to call it "California Local Rent Control Initiative". + +Prop 10 couldn't pass because the housing activists wanted a full repeal of Costa Hawkins, so the RAA is a watered down version. For some reason it's flying more under the radar and I am concerned a lot of rental property owners in CA aren't aware of it. Here is what the RAA does: + +1. Allows cities to enact "vacancy control" if they choose to. Housing activists are trying to get people on their side by saying that the RAA doesn't create rent control! And it's true, it does not create it. But if the RAA passes, and a city decides to create rent control, or if a city already has rent control, they have the ability to now apply vacancy control over units that are covered under their local rent control ordinance. This means that property owners who are impacted by this can no longer raise the rent to market rate even when there is a vacancy. And get this, it applies even when it's a long term rent controlled tenant who moves out. Say you have a property in SF, or Santa Monica, or Oakland, or Berkeley, and you have a long term tenant paying $700 on a $2,500 unit. He decides to up and leave. Well, under the RAA you won't be able to raise the rent EVEN WHEN THEY LEAVE. You can raise it only 15% over the first three years of a new tenancy + +2. Allows cities to enact single family home rent control!!! That's right you heard it. But there's a caveat. It exempts property owners who own "one or two residential units". That means your own primary residence is included. We don't know if they include out of state properties. The text doesn't say. + +The activists say they won't go after mom and pop landlords, hence the exemption. Really?! So, let's say I own and live in my own home but also own two rental single family homes. Yep under this new proposed law, I am no longer a mom and pop landlord, because I now own more than "two residential units" in total. So essentially, people with single family home rentals are at risk of having their rental under rent control AND vacancy control. If you are a single family investor in CA this ballot measure could strip you of all your rights. Imagine owning a SFH only to be told that the city you own it in is making it rent controlled, all because you own more than "two housing units". Have fun getting the tenant out! You will either have to "buy them out" or Ellis act/owner move-in eviction, which will cost tens of thousands of dollars. But cities are making it harder to do these as well. + +And if you are already a multi family property owner in CA, this could decimate your property value. Back in the 1980s, when vacancy control existed in places like Berkeley and San Francisco, apartment buildings lost 30-40% of value over night and never went up until the law was repealed. Don't let this new ballot measure fly under the radar. Fight against it! Donate to CAA or other organizations! +I’ve often wondered what the demographics of first-class fliers looks like. I could technically afford it easily but still have a really hard time justifying paying such a premium on slight comfort improvements. For long-distance flights and lie-flat seats I can sort of see a bit of the appeal, but otherwise is it just business travelers spending company money? Or is everyone in the first-class cabin making well into the 7 figures? Or are they just less averse to spending their money on stuff like that than I am? I’m not necessarily stingy with money but somehow first-class air travel feels like the last frontier of leaving my past self behind, and I’m not sure I want to. + +What are your thoughts on the topic? Does everyone here fly first class without a second thought? Private? +I’m 34 and well on my way to reach FI (NW 1M and 150k/y job per year) but I find myself worrying about money every day. + +I think the source of my financial anxiety is my childhood where I grew up in a lower middle class family with both parents going through bankruptcy and divorce. Parents had daily fights over money, gambling, alcoholism, not knowing when the landline and lights at home will be switched off. + +I worry about not being able to provide for my family in this VHCOL environment (one toddler and another on the way), ageing parents with no savings and bimonthly calls from them for money, job security (in banking and layoffs are common), and wanting to provide a better environment for my young family. So many what ifs.. + +At what point did you stop worrying about money? Is it a NW issue or are there other factors? +Dear AusFinance Redditors + +1) What's your salary? +2) How many hours contracted weekly? +3) How many hours do you actually work per week? + +Optional: Industry & job title. +I'll be honest, when I was a beginner, I believed all the wild claims and "must buy 100x moonshots", until I found this sub. + +Now I look at all these videos and feel intense scorn for them. Especially bitboy crypto, who is making wild fucking claims like "btc drop to 17k", "cheapest altcoins to make you rich", "insane breakout to $300k". Thank god everyone in this sub says no one knows anything, I immediately got the message and massive FUD came in. + +&#x200B; + +https://preview.redd.it/1kcm5f6ybzo61.png?width=1143&format=png&auto=webp&s=45b7c1f8d36286386f37d2a6c62022785db25881 + +Literally, the two popular uploads in the same fucking page is "ETH to 0" and "Ethereum: Your Best Chance To Be A Millionaire in 2021". + +I know this sub has been talking about this a ton, a few top page posts saying what an unreliable source these guys are. But this guy yet continues to be racking up millions of views for pump and dumps on shitcoins he promotes and makes a fortune from manipulating the market from it, and clickbait videos on the youtube platform, and still have people revere him like some kind of god; we have to keep regularly exposing this guy and other Youtubers and drive them out of business. We will win the fight. +Ape first, mod second. + +You know what that is? + +It's our motto as mods of this subreddit. Everything done the past week showed that the decisions made were mod first, ape second. So I'm resigning, as I disagree with the action and inaction taken. + +**Why the AMA?** I thought it’d be kinda fun and light-hearted, given my time on the Superstonk Youtube asking your questions to our various guests, I wanted to know what it’s like being on the other side! + +I feel like you all should have a fair chance to ask my opinion, and to give you the reassurance that there are plenty of mods on the team who share the same sentiment as you all regarding what actions should have been taken. + +I look forward to continuing to write DD and enjoying shitposts 💎🙌. Hopefully, this drama dissipates by market open tomorrow and we can get back to posting buildings with lights on. + +Note: This is not me going rogue, had a chat with u/Bye_Triangle to let him know I’d post this and we’re all good. + +**Edit 6:05pm AEST:** Just making dinner (Recipe for reference, tastes so good [https://www.bonappetit.com/recipe/tomato-and-parmesan-risotto](https://www.bonappetit.com/recipe/tomato-and-parmesan-risotto)) keep asking away and I'll answer once I'm done cooking and eating 🙏 +I am a confused first year science student. I am planning on changing to the arts, specific either economics, political science or philosophy. + +I am very passionate about economics (as I’ll read “dry”, 30 Page research papers for fun), but I am, shall we say, not performing particularly well in my math courses. I don’t hate math, but I do struggle with it. I also just can’t seem to do well on the exams. + +Will this be a barrier that should inform my options? + +Careers I’m interested in are in public policy/policy analysis. This usually requires either economics or political science (or related field). Not interested in finance or other economics analysis. Only the political side of economics. +Hi guys. So my sister just received 100K from an accident claim. She has now in total a little over 150K. I have saved up 70K. I come from a poor family and no one has ever invested in anything before so I want to make sure I don’t mess this up. + +I’m not sure what we should buy together. We were thinking a duplex with at least 4 units where we can each take a unit and rent the other two units out. However this would cost around $800K-1mil in BC where we live. The down payment would be 20% so around $160K…which leaves us with barely anything… I talked to the bank about an FHA loan but he said that’s unlikely considering our annual income (40K each a year) and our current job status. (Not full time). + +Anyways, I live in Canada, houses start at around 700K here. Especially in BC. I could potentially purchase a place in Poland and rent it out as an investment but we are moving out of our current home and need a place to live anyways. Any advice on what you would do in my case? Or things I should consider? +Hi guys 👋 Newbie here, excited to be part of this community! + +Wanted to get your thoughts around this "Buy Now Pay Later" wave that blew up in the last year or so. For context, I myself grew up in a lower-income family that was financially illiterate and always in debt (terrible spending habits, no planning for future... ). As an adult I went through my own debt freedom journey and ended up working on Wall Street at a very high profile financial institution. + +I'm a bit of a fintech geek and love following trends in this space. Lately, one of the trends that's been pissing me off is the "Buy Now Pay Later" wave (think Affirm, Klarna, Afterpay etc.) - **the way these companies have been marketing and positioning this type of "financing" totally screams predatory lending but is just packaged in a cooler, more deceiving format- essentially they're promoting buying things now that you can't afford and often reeling people in with "0% APR for X months".** + +I'm curious what people in this group think of this? Do you see any positive impact to the personal finance space? Helpful to hear if you've used any of these before, would love to hear about your experience! +https://www.cnbc.com/2020/07/08/dividend-payments-plunge-by-42point5-billion-in-worst-quarter-since-financial-crisis.html + +Dividends on net fell $42.5 billion in the second quarter from a year earlier. + +That was the largest decline since the first quarter of 2009 during the Great Recession, according to S&P Dow Jones Indices. + +For the S&P 500, dividends totaled $119 billion, a sharp drop from the record $127 billion in first quarter. +Hi all, + +I understand that the majority of EU ETF investors prefer the MSCI World ETF to an S&P 500 ETF, because it includes more geographical zones (EU, Japan, Aus/NZ), more companies (1600~ vs 500~) and thus is more diversified than the S&P 500. + +However, given that the S&P 500 has been consistently outperforming the MSCI World for quite some time now, that US companies dominate most fields, and that both the EU and Japan are rapidly ageing with declining demographics, I am curious why one would choose the MSCI World over the S&P 500. + +To me, the MSCI World = the S&P 500 with a large weight (30-40%~) slowing it down. + +For those of you investing in the MSCI World for the long term (20, 30, 40+ years), what is your reasoning for choosing it instead of an S&P 500 ETF? + +For those of you investing in an S&P 500 ETF, what is your reasoning? And do you compliment it with another ETF? +That man was streaming 7 hrs a day to 10 viewers talking about gme, laughing, drinking beer. + +Now he is gonna have fukin 100k viewers swallowing his every word. + +What would be fucking epic is that when he turns on the stream for the first time after all this, he just sits there for few minutes just smiling into the camera with his red headband while 100k apes are going wild fucking apeshit in the chat meanwhile he is just sitting quietly. + +I fucking love him and all of you +I’m currently a management consultant at a Big 4 firm and life is miserable (but at least my coworkers are truly wonderful and fun). I’m earning a lot and that is an important piece of getting to FIRE but I don’t like this job. + + + +Thing is, I’m not sure I really want to RE. My goal is to get to FI at age 40 and transition to a low stress but rewarding job. The idea is that pay will not be an issue so I can take a job that I am passionate about. + + + +With that, what are some good FI jobs out there? My idea is to eventually go back to school for a Doctorate and become a college professor. Would love to hear from others who are currently FI but still working in a job they love. +I see it a lot on this sub. Someone will say that their target return is 2% a month and someone will attack them for it and tell them it is unsustainable and that they’d be extremely wealthy if they could sustain that for a long time. There are a few reasons why this is incorrect. Here they are: + +As retail traders, we have the advantage in that we can move in and out of positions in a few seconds. Guys like Warren Buffet can’t do that. + +We are able to invest in smaller companies and take advantage of their potential growth whereas Berkshire can’t really invest a large amount of money because the companies are so small that even if they were to double, the returns would be minimal. + +You can take larger risk when you have a small account. This has the potential for higher rewards. Billionaires are not looking for ways to compound their wealth at crazy high percentages. They care more about slower and steadier growth without much risk. + +The last point I want to make is specifically about options. I believe that options, if used correctly are a great way to grow your money at a high rate (20%+) without taking an insane amount of risk. Hedge funds with billions of dollars can’t actively trade options like we can. As an example, the AAPL $100 PUT 11/20 is going for about $2 in premium right now. Today there was about 2000 contracts traded. That’s $400,000. The largest hedge fund, Bridgewater Associates, has about $138 Billion in Assets Under Management. $400,000 is literally only 0.0003% of total assets. It’s just not possible for them to make money trading options. + + +So in conclusion, getting a high return is completely possible. You just won’t be able to get that return once you become a billionaire :) +Before you ask, no this isn't Denzel Washington's burner account. I've lurked here long enough and with the pandemic, social unrest, and tropical storm all conspiring to keep me indoors I figured now was as good a time as any to contribute to the community. + +Background: Grew up disadvantaged. Mom institutionalized schizophrenic, dad had other priorities so grandparents took me in and literally saved my life at 9 months old. Neither could read or write very well but managed to own two homes(that I now own) and were small business owners(maid and landscaper). Dad lived on the other side of the state but paid for catholic school which helped me avoid some of the pitfalls associated with abject poverty: busing, overcrowded schools, overworked educators, etc. So let's just say that I started the FIRE race a bit further back than most and had to navigate a few obstacles along the way. + +Graduated high school with a whopping 2.38 GPA and an 1170(old scale) SAT score. I wanted to go to college but didn't have the pedigree to make it happen. Oh yeah, I was the president of my high school's computer science club. I wasn't dumb, just distracted. Long story short, I joined the Service to pursue an ROTC scholarship and with a bit of remedial work and a fair amount of institutional motivation(read threats and punishment) I received an undergraduate degree in Computer Science and started my professional life. + +The Plan: At this point in my life (early 90s), I had a gig and was making the most money I had ever made in my life: $18,795.60(before housing allowance). I was finally housing and food secure and at 23 I had transitioned from poverty to the middle class. The plan was to complete my service commitment and join my peers in industry. + +You all know about the best laid plans of mice and men. Four years became \~20 years and add a wife, two kids and a couple wars to the mix. Outwardly my life resembled the Jones'. We had a single family home in the burbs, two great kids at great schools, and a couple of almost paid for cars. But we were net worth poor. In the late 2000s I would return from my final deployment to 22K of credit card debt, a rental property that was upside down and not cash flowing, while living in a rental across the country that we couldn't afford. + + Side note: In the early 2000s I stumbled across a book called The Wealthy Barber, and although I knew nothing about personal finance let alone FI, I knew that my finances were a mess and that I was mentally and physically tired. Something had to give. + +The Plan 2.0: The gory details aren't as interesting as the outcome, but starting in the late 201Xs and over the period of about 12 months I retired from the Service, divorced my now-ex, and founded an IT consulting firm. I hasn't been easy, but over the last 10 years the firm has grown to 40 engineers with annual sales in the mid seven digits. I've heard every possible version of no and been told on several occasions, to include by my now ex-wife, that I would never make it as a small business owner. Failure only occurs after you stop trying. I've also started up a new company that is product oriented. I'm getting to learn all about manufacturing and production. For a software guy this is uncharted territory and exciting to say the least. + +FI: YNAB tells me that I'm well on the path to financial independence. For you YNABers out there the age of my money is over 30 with a buffer over 100. For the non-YNABers, I live below my means. In practical terms, I'm debt free with about 4 years to go on my mortgage in a medium to low cost of living area. I have liquid assets over 1MM. I can almost go tell my boss to GFY(oh wait.. that won't work). + +RE: Like many others here. I'm not certain what retirement looks like for me. I'm receiving my military pension now(high 5 figures), and absolutely love running my company. I work on average 3 hours a day from home with the bulk of that mentoring and leading the team. It's something that I enjoy and can do from anywhere in the world. I travel as much as I like and when I like. Life is good. + +I'll humbly ask that this story be added to the collection of others like it. The magic of this community lies in the ability to be more open about finances. My neighbors and all of family members see me as the youngish, lucky, retired military guy. If they ever read that Tom Stanley book they might take a second look at this black man on fire. +SEBI and RBI are discussing a proposal to raise the overseas investment limit for Indian mutual funds by as much as 25%, as the funds have nearly reached the current limit of $7 billion, three people familiar with the matter said. + +AMFI has written to the RBI to raise the limit. The association is said to have already held meetings with capital markets regulator SEBI, which is now discussing the matter with the banking regulator. + +"The RBI now has to take the final call in permitting additional limits, which it may do once market volatility recedes globally," said one of the people. + +[Source](https://economictimes.indiatimes.com/mf/mf-news/mutual-funds-may-have-higher-limits-to-invest-in-overseas-securities/articleshow/89598918.cms) +**Some people are getting a little confused. These "auctions" are not for GME \*stonk\* or any other stock for that matter. These are for open options contracts in other companies that have yet to expire and will need to be sold to cover short positions. The OCC handles all options transactions while the NSCC handles securities (stocks) transactions.** + +This rule is set to drop tomorrow (April 6, 2021) on the federal register. You are able to see unpublished versions of proposed rule changes. + +[https://public-inspection.federalregister.gov/2021-06989.pdf](https://public-inspection.federalregister.gov/2021-06989.pdf) + +This new rule change amends the Options Clearing Corporation (OCC) Rule 1104. What's really interesting about this rule is that it provides an order of events in the case that an options clearing member is suspended. Remember, think: OCC = options contracts, NSCC = Stocks/shorts + +When an options clearing member is suspended, their current positions are then auctioned off to other OCC members. The proceeds from these auctions are then used to close out their other high risk positions. + +*"Rule 1102 enumerates the grounds upon which OCC may suspend one of its Clearing Members.4 Following the suspension of any Clearing Member, OCC would take a number of steps designed to reasonably ensure that the Clearing Member’s suspension is managed in an orderly fashion. Among the steps that OCC may take to manage a Clearing Member’s suspension is liquidating the remaining collateral, open positions and/or exercised/matured contracts (i.e., the remaining portfolio) of the suspended Clearing Member. "* + +**Ape speak: when members get booted, their positions are sold at auction to other participants.** + +*"OCC believes that participation by more bidders generally facilitates more competitive bids on a suspended Clearing Member’s portfolio. Competitive bids are necessary for OCC to sell the portfolio at a market price that minimizes the loss to OCC and its Clearing Members, and enable OCC to successfully complete an auction in a timely manner and thereby manage a Clearing Member default in a timely manner.*" + +**Ape speak: They want to change the rules to allow more auction participants to hasten the liquidation process** + +" *First, OCC proposes to revise I&P .02(c) to reflect that Clearing Members would not need to be invited by OCC to become pre-qualified auction bidders; instead, the revised language in I&P .02(c) would make clear that all Clearing Members are invited to participate in auctions of a suspended Clearing Member’s remaining portfolio.* " + +**Ape Speak: Previously the rule required these liquidation auctions to be invite only. Now any options clearing member can attend the auction by just applying.** + +\*\*"\*\**Further, the revisions to I&P .02(c) would remove the existing requirements that a non-Clearing Member must actively trade in the asset class in which it proposes to submit bids and must actively trade in markets cleared by OCC. Instead, the revisions to I&P .02(c) would make clear that non-Clearing Members could become pre-qualified auction bidders by (i) having a Clearing Member sponsor to submit bids on behalf of the non-Clearing Member, (ii) having a Clearing Member agree to guarantee and settle any accepted bid made by the non-Clearing Member, and (iii) completing any required auction documentation in advance.*" + +"*Accordingly, OCC proposes to eliminate the pre-qualification requirements related to a non-Clearing Member’s trading experience.* " + +**Ape Speak: Now even non clearing members can take part in the liquidation auction with a sponsorship from another clearing member. Additionally these new participants no longer have to have "significant trading experience". This \*may\* include foreign entities.** + +Edit: + +**Missed a key paragraph towards the end.** + +"*OCC believes these improvements, generally, would (i) promote prompt and accurate clearance and settlement as a result of shorter close-out periods and more competitive auction prices; (ii) help assure the safeguarding of securities and funds in OCC’s custody by reducing the risk of loss to such securities and funds from unallocated open positions;"* + +**Ape Speak: Just like how NSCC-801 and 004 are trying to reduce their potential losses from a major disturbance (\*ahem\* MOASS), this is the OCC following suit for all things related to options:** + +**Conclusion: The noose is tightening and everyone sees the inevitable for what it is. More people want their share of tendies, and theres a whole bunch of them to be had in open options contracts in other valuable companies. It seems like non clearing house members such as smaller banks and trading firms will now be able to take part in these member suspension auctions with just a member's sponsorship.** + +**Additionally, there seems to be another purpose: The OCC wants this liquidation procedure to go as quickly as possible to perhaps lessen the blow on the market as a whole.** + +TLDR: The wolves are licking their chops to grab discount options contracts at auction following the perhaps inevitable liquidation of a major options clearing member. Citadel is a major options clearing member. People are getting ready to take their slice of the pie. + +Edit 2: Thank you u/Themeloncalling for that point. This rule would make it much easier for foreign entities to partake in these auctions. + +Edit 3: moved clarification on options vs stocks to the top of the post + +&#x200B; +Some of the highest quality companies around. Stable and paying large dividends. + +I'm specifically looking at the large 5. + +Royal Bank of Canada $RY +Toronto Dominion Bank $TD +Bank of Montreal $BMO +Bank of Nova Scotia $BNS +Canadian Imperial Bank of Commerce $CM + +Comment if you're looking at or holding any of these, and why. +I know the GME, AMC, BB and NOK train is very exciting, but this is absolutely not a place to learn investing for the first time. WSB is a wonderful place for YOLO plays, but there's a loss tag for a reason. + +If you're a first-time investor, looking to learn about stocks, or wondering about the next GME... + +PLEASE go to r/stocks or \[Investopedia\]( [Investopedia: Sharper insight, better investing.](https://www.investopedia.com/)) + +And for the love of god stop filling the mega thread with comments asking for investing advice. You're asking people to elaborate on rocket ships, we call it a casino for a reason. This is wallstreetBETS not 3% government bonds the subreddit. You CAN and probably WILL lose money at some point if you follow the subs advice. + +WSB is a great place to find stock ideas, but you should ALWAYS do your own DD, and I highly suggest you come back to WSB once you understand what that means. + +That being said, GME is going to the moon and you should definitely buy if you can afford it 🚀🚀🚀 +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! + +It comes after the FAA issued guidance stating that planes with 30,000 or more take-offs and landings have to be re-inspected within 60 days. + +This is not a recommendation to buy or sell. Stocks are risky and not suitable for everybody. Please do your own research. + + [https://www.independent.co.uk/travel/news-and-advice/boeing-cracks-737-ng-pickle-fork-qantas-federal-aviation-authority-a9179461.html](https://www.independent.co.uk/travel/news-and-advice/boeing-cracks-737-ng-pickle-fork-qantas-federal-aviation-authority-a9179461.html) +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'm a PM at a high growth startup that IPO'd two years ago so I've gotten some great first hand experience. But I see that a lot of execs at most companies have some MBA. I've been working for 5 years and I'm considering getting an MBA from either HBS, GBS, or Wharton (if I get in and that's a big IF). Trying to get some perspective on how folks in this community navigated whether to get an MBA or not and if you did, what role did it play further down in your career. Did the cost of MBA pay itself later down the road? Would you do it again if you were to start over? +Hi all, + +35 male high rate earner with crica 40K in pension and 6K in S&S (both with Vanguard). Got very small change in FreeTrade ISA account. Healthy income and savings but feel investments need propping up. Made the decision last year to start heavily investing in my pension (£1200 per month goes in) and S&S ISA (circa £600-800 per month). I also over pay on my mortgage but only small amounts (10% extra on monthly payments). + +Most of my investments are just funds/trackers (global funds exc. UK, global bonds and satellite funds etc) that I don't want to touch until retirement (25+ years). Up circa 6% from January. I'm reading more and more around the stock market and how some people are beating the market (I appreciate this is a big topic in itself). Seeing some big changes from some well known YouTubers. + +Wanted to get some thoughts from people here. Here's my thinking: + +Keep to a cica 50:50 monthly investment split across pension and S&S. It seems pensions are more lucrative in terms of tax/benefits as a higher rate payer but we don't know how or if rules might change in the future. S&S funds can be accessed easily. + +Dump remaining allowance into funds for this year and start investing in stocks (carefully) from April next year (thinking 20-30 stocks over time based on research). +I've been thinking of options to help them long-term. A share portfolio, long-term savings, pay their school tuition? + +I want to do something to help set them up in life and not necessarily a large sum of cash they can blow on silly things as 18 year olds. + +Edit: I'm not their guardian just want to provide for them. I have every intention of also offering love and security. They are under the age of ten. + +It would be a gift but I can't help thinking that as their parents didn't have a long enough opportunity to grow their wealth the children won't receive very much inheritance down the line. + +They are taken care of for the immediate term. +I'm questioning whether or not it is even possible to have consistent profits, or make enough profit to before your trading system fails to make it worthwhile. The question mainly being, if someone can do it at home, why wouldn't whatever strategies they found be found/exploited by the countless people doing this full-time at hedge funds? +So I told my mum that I’d rather park in a free zone in the city and walk 3 minutes to get to the destination instead of pay $15 per hour at a parking complex right next to the destination. She called me stingy. I asked for examples to differentiate between stingy and frugal, but all her examples could be shown to be both stingy and frugal. + +Thus it got me thinking, is there a difference? Sure we can all come up with a fancy definition. But when it comes to giving tangible examples, most people break down and can’t give an example specific to that word. So, give me examples of the difference between thrifty, frugal, stingy and cheap. +https://www.wsj.com/articles/fed-stress-test-finds-u-s-banks-healthy-enough-to-withstand-the-coronavirus-crisis-11593117020? + + +For now banks seem to be healthy enough but if this stretches out for another year, the article said banks could see a 700 billion dollar loss. + +The fed is also preventing banks from buybacks to preserve capital. + +Thoughts? +First house was my primary residence for six years, fully owned. HCOL (in the US). Appreciated from $850K -> 1.5 Mn + +Moved out, rented the first (earn $4K in rental/month), and bought 2nd house for \~ $2.2 Mn. + +Lost job, unable to pay full mortgage for 2nd @ $12K/Month. Rental + wife’s job contributes to $7K of the mortgage. + +Wonder if I can take something from the equity of the first and pay for 2nd. What are my options? + +I am in my forties. + +&#x200B; + +1. Reverse Mortgage a good idea? First house will appreciate more. Don’t want to sell. +2. Other equity-based options? +3. Sell first house? Prefer not to. +4. Other options? + +**EDIT:** This has received more attention than I anticipated. + +Some clarifications. + +I am not in dire straits. I can pay off the mortgage for the 2nd house from my stock/RSU/ESOP savings, but I will be giving it away for a lower price, considering the market now. + +I work in tech and have wealthy friends/colleagues who can help me in times of trouble. + +Considering that I have a first house that’s fully paid off, I wanted to understand the **options on it**. If I sell that house today to pay part of the 2nd house and refinance, I can get out of this problem. But I wasn’t sure if that is the best path forward. Thoughts? + + +*My 2nd house is in a prime neighborhood in the Bay Area. Even in 2008, real estate did not depreciate. In fact, it never has. I expect the value to go up despite the current conditions.* +New year, new direction for the subreddit. Thanks for all your feedback in the previous mod-thread. The moderation team have discussed options and have decided to push the sub in the direction of serious, thoughtful discussions about longer-term active investing. + +We appreciate that this is a big swing in moderation style, and it is likely to be a bumpy ride for a while. If you are a regular user of this subreddit reading this and thinking "FINALLY we'll get some decent discussion", please help the mods out by using the report button where posts and comments don't meet these new requirements. + +This change will be monitored closely and we welcome feedback. Enforcement of the changes will start from today. + +--- + +# Welcome to /r/UKInvesting, a subreddit for thoughtful discussion of active investing strategies and tactics. + +Before posting or commenting, please make sure you are comfortable with the following posting requirements + +1. You have a sensible reason for not just buying an all-world index tracker +2. If you are posting your own research or content, or a question for discussion, you have written your own opinion and provided evidence to support it. Minimum character count of posts is 300. +3. If you are posting a link to other research or news, you are posting the link at the top of a text post and including your own thoughts and opinions + + +What this subreddit is for: + +* Presenting your stock research for discussion +* Sharing high-quality investment content written from a UK perspective. This does not exclusively mean UK stocks, but that the strategies should be focussed on positive outcomes for UK investors +* Positions on stocks and markets that relate to an investment period of at least 5 years (whilst the individual positions might be short-term, they must relate to a typical investment timeline) +* Discussion of investment themes and their impact on your portfolio - these could be big themes (geopolitical impacts on investing strategies) or small themes (individual company activity) + +What this subreddit is not for: + +* Beginner investors - please use /r/ukpersonalfinance instead, and check the recommended resources at https://ukpersonal.finance/recommended-resources +* “Just use a global tracker” - if a question leads to this answer, it breaks the posting guidelines and you should report it. +* Discussion of any form of ultra-short-term “trading” activity. No YOLO WSBs, no cryptocurrency, no spread betting or CFDs. There are more appropriate places to discuss that kind of approach. Short-term investment tactics are acceptable for discussion but only as part of a longer-term strategy (details of which must be included in any discussion). +* “What broker should I use?” questions - Use Monevator’s comparison list https://monevator.com/compare-uk-cheapest-online-brokers/ +* Rate my portfolio threads - use the weekly thread (always pinned to the top of the subreddit) +* “What is your opinion on x?” - present your own thoughts and have a discussion instead. +* Questions that can be answered with a Google search or that are unanswerable (this includes "DAE..."-style posts, which is any question that starts with "does anyone else [do/think/feel] ....?") +* Low-effort posts or comments of any sort. Top-level-replies especially will be held to the same high standards as posts themselves. Lower than top-level replies can be shorter and more discussional. +CREDIT TO u/FATJUUL FOR STRUCTURE AND INFO + +MAY 7th Edit: They have postponed the ruling until June 21st, please see my followup post: https://www.reddit.com/r/Superstonk/comments/n6zgng/nsc002_delayed_for_longer_period_of_comment_and/ + +I haven't seen as much talk about this, yet it is the biggest news to come and IT IS the endgame catalyst. + +NSCC-801 Passed with no objections yesterday. For this rule to enter effect it needs to piggyback on NSCC-002, which if no objections are made again, will be passed this Friday. Let me remind you just how powerful 801 really is... + +Once 801 enters effect, all hedgefunds holding short positions will be monitored Every. Single. Minute. They will have to report EVERY SINGLE MINUTE their value in short positions versus their actual money on hand. If they fail to report or their short position value crosses the threshold where it is higher than their money on hand, it is an immediate warning to deposit the funds needed to cover within ONE HOUR. Failure to do so leads to the NSCC immediately overriding operations and liquidating the hedge funds entirely, one after another until all that is left is the trillions in insurance. + +This is bigger than anything, This is so big, that this rule will prevent a squeeze even a fraction of this magnitude from happening ever again. It is that powerful, and with its implementation of this stage of the game... good lord. + +If NSCC-002 passes this Friday we have officially entered the squeeze. Hedgefunds will be on a leash that gets tighter the more they pull. Starting in after hours and following into Monday, they will be under so much pressure and restriction that one of two outcomes occur: + +1.) Their ability to short will be at such a minimum that our buying power will just break through sell walls and the price will just continue to rise and rise until they can no longer afford to suffer the loss and margin comes a calling, or. + +2.) There will be strong final blows of sell off aggression and shorting, literally out of pure ignorance and recklessness which will activate NSCC-801, and thus the great fall of the hedgies via margin call. + +If 002 passes this Friday, 801 will catapult us into uncharted waters, never before and never again. I am going to run through a wall Friday if 002 passes. That will be the true beginning of the end. Buy as much as you can this week. I expect the lowest price to be on Thursday or Friday pending the objection/no objection clause on 002. Hold. You hold like this will never happen again in your life because if 002 passes I can assure you that will be the case. Practice your breathing when this takes off. + +Edit: as brockm20 said in the comments below: + + +Remember they passed the rule that changed reporting from once a month to anytime for any reason. They can be spot audit unlimited times and for them to run under the radar will require their books to be radioactive. + +Edit 2: I threw this up to let everyone know what is up with the end game posts and the severity of the situation. Nobody knows OP. It's not about OP. It's about digesting the information here. + +FINAL EDIT: + +Yes, DTC-004 and the OCC filings are going to be important - BUT the 801 would NOT be passed and approved without having everything else coming down the pipeline. It makes no sense to have a deadline for NSCC-002 approaching, approve the 801, and NOT have any plan for the other regulations. We may not see any price movement until the other regulations are passed, but the fact that 801 is a go ahead means to me that 002 will be as well; domino effect. +Curious whether people choose to stay in California assuming you were already here for work. Of course everyone complains about the taxes and high CoL but once you’re in a position to control how much passive income to realize (dividends, stock sales, etc) it doesn’t have to be *that* bad especially if you own a place already. + +Also I’m assuming Biden will retroactively reverse the SALT deduction limits which further reduces state specific tax burdens. +We are aware that ORTEX is displaying a massive spike in GameStop (GME) short interest that is related to an extremely large increase in Borrowed Shares. We are currently investigating and will provide additional information soon. It is likely that a huge amount of stock is being borrowed for reasons unrelated to short selling. +NYAG [statements](https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/23/tether-bitfinex-reach-settlement-with-new-york-attorney-general.html) + +>New York Attorney General Letitia James' office says it found that Tether sometimes held no reserves to back its cryptocurrency's dollar peg. It said that, from mid-2017, the company had no access to banking and misled clients about liquidity issues. + +>In a 2019 filing, the attorney general's office said that Bitfinex handed $850 million to a Panama entity called Crypto Capital without disclosing it to investors. Executives at Bitfinex and Tether then allegedly engaged in a series of transactions that opened up Tether's cash reserves to Bitfinex. + +>”Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines," James said in a statement Tuesday. + +>”Tether's claims that its virtual currency was fully backed by U.S. dollars at all times was a lie," she added. + +>”These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system." + +**What is tether?** + +[Tether](https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)) is a 1 to 1 dollar peg cryptocurrency. It accounts for [60-80% ](https://coinlib.io/coin/BTC/Bitcoin)of all trading volume on cryptocurrency exchanges. + +**What is the significance of tether?** + +Please read the price manipulation section on it’s [wiki](https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)) page. In a nut shell, tether has been strategically printed (backed by nothing) and used to manipulate the Bitcoin and Cryptocurrency market. There is a high [correlation](https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2021-01-14/research-affiliates-quant-warns-of-bitcoin-market-manipulation) between how much tether is printed and Bitcoin’s price. + +https://assets-bwbx-io.cdn.ampproject.org/i/s/assets.bwbx.io/images/users/iqjWHBFdfxIU/irp9oaPu51XM/v0/-1x-1.png + +**What happens now?** + +This has long been one the cryptocurrency’s market biggest fears. That the price increases were mostly due to artificial demand. As to what happens next, I’m not sure, and no one really knows. I can speculate that Powell and Yellen may use this firepower to enact stricter legislation on the cryptocurrency market. Maybe Tether needs to be banned altogether. But if tether is banned what will happen to the artificially inflated Bitcoin/cryptocurrency market? + +[Tether recently released a statement in an attempt to show that all its stablecoins are fully backed. However, it fails to disclose what it's holdings are. “For all we know, they could have $25 in their bank account and the rest could be in Bitcoin.”](https://decrypt.co/63577/tether-attestation-takeaways) + +Tether will soon face a quarterly report, filed with the AG, may shed more light on how exactly Tether’s money is invested. + +What are your thoughts on tether and cryptocurrency after this news was released? +I want to detail our real estate / landlord journey now that my wife and I have been doing it for about 5 years. My hope is to portray one possible outcome for anyone considering investing in real estate and becoming a landlord just like my wife and I were contemplating 5 years ago. + +Note that we left some money on the table at various times due to our inexperience. We also benefited from some great tenants and decent market timing. We are not experts or authorities on this topic. We just took the dive and are happy with the results overall. + +## TLDR + +Recommended, would do again. + +## Original Goals and Constraints + +My wife and I were 27 and wanted real estate to be part of our path towards retirement. We come from modest beginnings and didn't have much extra cash lying around for large purchases. Given our financial situation and comfort zone, we decided: + +1. We would target high class C or low class B properties within 20 minutes of our house. These were the types of houses we grew up in and we knew the area (Chicagoland outer suburbs) well as a result. They commonly sold for about 100K but we would need a mortgage for each purchase. +2. We would target single family homes. By us they routinely rent above the 1% rule. We also held an assumption that families (parents + kids) rent SFHs, and we would see less turnover with families that didn't want to uproot their kids from school. (In our experience this assumption has been true, but it's a small sample size. Your results may vary). +3. We would manage the properties ourselves to save money and learn the ins-and-outs of being a landlord. + +## 2016 - Purchased Property #1 + +- 3 bedroom 1 bath SFH. +- 975 sqft. Unfinished basement. No garage. +- Purchase price: $72,000 +- Projected rent: $1200/month +- Actual rent: $1275/month +- Projected repairs upon purchase: $10,000 +- Actual required repairs: ~$15,000 +- Down payment: $14,400 +- Mortgage: $57,600 +- Time between purchase and first tenants: 6 months + +Notes: The house needed work but it was all superficial. New flooring, new paint, drywall patching, yard cleanup, new dishwasher, etc. No serious work like plumbing or foundations. + +The biggest lesson learned here was that it is better to hire painters/flooring people/etc. if you cannot dedicate yourself to get the job done immediately. My wife and I did all of the cleaning / flooring / painting / landscaping after work and on weekends. We had a few re-dos (we're not professionals) and ultimately lost 6 months' rent trying to save money on hiring someone else. Expensive lesson learned. + +We rented this house to exactly one family over the next 5 years. I was nervous when we signed the lease as their credit history was bad. But, ultimately, it was a class C property, so that was typical. The tenants/family have been great and always paid rent on time. Very responsive and friendly. They often fixed small issues themselves. + +We've had routine maintenance issues pop up costing a few hundred dollars per year. We also had to replace the A/C one year and refrigerator a different year, but these all were acceptable costs given the return. + +## 2017 - Purchased Property #2 + +- 3 bedroom 1 bath SFH. 975 sqft. +- No basement. Detached garage. +- Purchase Price: $115,000 +- Projected rent: $1300/month +- Actual rent: $1300/month +- Projected repairs upon purchase: $0 (ha) +- Actual required repairs: ~$15,000 +- Down Payment: $23,000 +- Mortgage: $92,000 +- Time between purchase and first tenants: 4 months + +Notes: After our first rental, we wanted something with less work up front. We bought this house at a higher price because it looked like it was move-in ready. + +Ultimately, the house had moisture/mold problems in the crawlspace. Our home inspector noted signs in the crawlspace but we assumed remediation (if needed) would be fairly inexpensive. This was not the case. Complete remediation AND fixing the root cause (which requires time and money to diagnose, too) ended up costing us $15,000 and wasting 4 months. + +We have had 2 families in this house since resolving these issues with no major incidents. We're just now breaking even financially on this property. Our current tenants have been here for 3 years now and pay on time without issue. + +## 2018 - Purchased Property #3 + +- 2 bedroom 2.5 bathroom town house. +- 1 car garage. No basement or crawlspace. +- Purchase price: $115,000 +- Projected rent: $1450/month +- Actual rent: $1475/month +- Projected repairs upon purchase: $5000 +- Actual required repairs: ~$5,000 +- Down Payment: $23,000 +- Mortgage: $92,000 +- Time between purchase and first tenants: 2 months + +Notes: This house had much less complications. It was also move-in ready, we just had to replace the furnace and water heater (we negotiated the sale price with this in mind). + +We've had one family living here for 3 years now. The family also had a questionable credit history but they keep the house immaculately clean and have never been late on rent. This town house is also newer (built in 2000) and has had basically no repairs needed. + +## 2021 - Sold Property #1 + +- Original purchase price: $72,000 +- Sale price: $122,000 +- Total profit over 5 years (income minus expenses): $18,000 +- Profit from sale: $50,000 +- Total profit: $68,000 + +Notes: My wife and I now had a young child and were looking to spend less time managing real estate. Our first rental property was rented by the same family for the entire 5 years, and those tenants eventually made an offer to buy the house from us. 2021 has been a hot market for sellers and that property had some major expenses upcoming. We opted to sell since any major improvements that we financed would require us to continue renting for a few years longer before we'd see a return. + +We sold about 5-10% below market rate since: +- no real estate agents were involved +- we agreed not to repair anything (no inspection) +- we agreed not to clean, repaint, or touch up anything +- we would not spend months (potentially without tenants paying rent) trying to coordinate a sale on the market + +## 2022 and Beyond + +As my wife and I want to focus on our home/family life now, we will not be purchasing additional properties. Our easiest property still required a lot more attention to research/purchase/fix/rent than we'd like to take away from our child at this point. Our retirement strategy going forward will rely on retirement accounts (stock market) and we'll use our two remaining rental properties as hedges against a bear market. If a particularly amazing offer came along we would consider selling; however, we're at the profit stage of the investment, so there's no urgency to rock the boat. + +## Specific (and anecdotal) lessons learned: + +* We saw a huge return on investment by treating our tenants well. In person we are sociable/friendly with tenants, have never enforced late fees on the rare occasion where warranted, and we are responsive if a concern does arise. We also give a $100-200 break on rent for December "to get a gift for the kids". On this sub I think this is considered excessive but we have found it to foster a human connection. We believe our tenants have been very open and fair with us in response. +* In our relatively short time as landlords we have never raised rent on existing tenants. We would only theoretically raise rent to encourage a bad tenant to leave. Importantly, we don't have huge discrepancies with market rental rates, so our hand has never been forced. But in the grand schema of things it's not worth pushing a good tenant out just to earn an extra $50/month. +* Most tenants just want to live their life and not involve the landlord where possible. This means they often will fix small things on their own. We never had a tenant call to replace a light bulb. +* Pay professionals to do the work if it is going to take you an excessive amount of time to do it right. E.g. don't lose $1200 in rent fixing something yourself that would cost $600 to pay someone else to fix. + +## Summary + +We are satisfied with our investments in real estate and our time as landlords. We learned a lot about fixing things around the house, we got experience running a pseudo small business, and we've made decent returns along the way. + +We probably would have earned equivalent retirement savings in the stock market over the last 5 years for a lot less work; however, 1.) you can't predict the markets and 2.) diversification is a good investment practice. Things have been so bullish these last 5 years that I am inclined to hold our remaining rental properties to hedge against a possible bear market over the next few years. +For the sake of this post, I'll consider anyone earning > 15lpa (pre-tax) as HNI. + +I just want to get a taste of what insurance you guys have as I have been in that income group for quite some time but being the idiot that I am, I haven't taken up any insurance yet. + +I've compared so many policies and had so many sales pitch calls... + +For health insurance, apart from govt providers, the ones that stood out to me were Max Health, HDFC (approached by ET Money for this), and Amex ICICI Lombard (10l+10l+10kopd benefit @15k) + +I'm doing this excercise basically to have an idea which ones the most trusted. + +Edit: sorry guys for wrongly mentioning HNI in the title. Basically I just wanted to mean anyone earning more than 15lpa. + +And after seeing all your replies here on HNI, I think that HDFC relationship manager of mine surely bullshitted me when trying to offer me the Infinia cc. +We know what you did + +We know what you’re doing + +Enough apes in a room finally wrote Shakespeare’s Macbeth and you’re surprised? + +Stop wasting money covering up your mistake. You work in a risky business and you’re acting like a toddler who lost his binky, but it’s obvious you’re running out of energy. + +Pay us our money. We’re ready for this to end whenever you are. + +The fact is, we can drag our knuckles and eat bananas longer than you can stay solvent. That’s not a hope, that’s not a request. We can continue to wait and watch your lives crumble, your families leave you, your reputations dragged through the mud. + +We don’t care about you because you don’t care about us: We are dumb. We aren’t on the inside. We don’t *really* know how it all works. We are poor, meme-obsessed millenials who don’t work a day in our life, right? Wrong. + +You don’t contribute to our society in any real way. Your cocaine-fueled imagination is not a gift to society. You aren’t smarter or stronger than us, you’re just high as balls, self-important, and lack common human decency. You’re willing to break the rules at the expense of others and that’s all. + +Me and my fellow apes want the GAME TO STOP. We like the stock, and we don’t believe you should have the power to kill companies with impunity, especially ones that prove they can utilize a second chance. We don’t believe you should sell things that you can’t deliver because that’s common fucking sense. + +You can do it whenever you want, so do it today. Pay me. +Edit: I have opened it in HDFC, went smoothly. Super fast opening and deposit process. + +I only have a savings account in HDFC. Don't want to go through the process of opening one at SBI just to be able to get a PPF account there. So wanted to know, is HDFC reliable in its PPF management facilities? Smooth customer care? + +Please let me know if there's anything ultra specific to HDFC I should watch out for, apart from the listed info on their website. New to the sub, but couldn't find exact info on this in the sidebar links. + +Thanks in advance! + (I am German, pls excuse bad english) + +**Just a little story for you guys to enjoy:** + +Like most people, I used to be concerned with status symbols. As a German, having a BMW was very important to me. Owning the latest smartphone was a must. I spent my money as fast as it came in. + +Then, a few years back, something changed when I became a little more aware of the world and I started to worry about everything there is to worry about. What if another world wide recession hits? What if I get sick? What if there is war or climate change? I was hyper focused on everything bad in the news. + +I then realized, how silly it is to spend 10 hours a day working, so my neighbour can envy my car. God damn pathetic. I used that car a total of 10 minutes a day. 5 Minutes to work and 5 minutes back. Germany is a small country. Texas alone is 5 times as big. Distances are tiny. I belong to the group of people who dont really need a car but like to have one. + +So I sold my car and something magical happened. I stopped spending money on gas, repairs, taxes, insurance, winter tires, summer tires etc. A few months later I checked my account and couldnt really believe how much money I had saved up. + +I then asked myself how much money I'd save if I didnt buy a new smartphone every year and casually became more and more minimalistic every day. If something breaks, I fix it instead of spending money on new stuff (including my 7 year old Samsung Galaxy S3 and my laptop). + +The one thing money buys without spending it is peace of mind. Imho there is not a car in the world, that can compete with that. When I go to bed, I close my eyes and I am gone. Far fewer worrying thoughts and money problems. Its amazing. +I know this will probably be an unpopular opinion. For years, I’ve heard real estate buyers saying, “There’s no reason NOT to use an agent! It’s free! The seller pays for it!” Aside from the fact that I’ve found single family real estate agents to be mostly unhelpful, the idea that their service fee doesn't affect you is just nonsense. Every additional cost that is added into a transaction causes upward pressure on prices, which means buyers end up paying more for properties. It doesn’t matter that the line items at closing say that the seller paid for the agent. The fact that there is a nonsensical and nearly-universally-accepted industry standard that brokers/agents get 6% of nearly every real estate transaction means that properties cost more (and sellers profit less) than they would if this unnecessary add-on cost didn’t exist. + +Look – If feel like you need an agent, more power to you. Use an agent. But don’t pretend that the 6% agent fee not costing you money when you purchase real estate. You just happen to be financing the cost instead of paying it all at once like the seller. +I know there are a lot of Bogleheads and Vanguard followers in this sub - http://www.philly.com/business/a/john-bogle-dead-vanguard-obituary-20190116.html +Im currently 20 years old and am visiting home from college and I went into my moms room to borrow something and I saw a note that said “claim ‘my name’s’ social security number not ‘my sisters name’”. Could anyone tell me what this means? Should I be concerned? +Bought Honda Civic 2019 brand new from a dealer 2 years ago and drove ~45000 miles. +Dealer wants to buy it back. +KBB instant cash offer is 17 435$ which is almost the price i bought it for (17 500$). Trade in value for very good condition is 18 411$. + +Crazy part: KBB instant cash offer from Feb 2021 is 12 812$! + +Is it a good idea to sell it and get something way cheaper? Old toyota or honda preferably. As i have to commute just twice a week. + +Car is not paid off yet though. Planning to use most of the money to cancel CC debt and put aside for savings. +I have come to realize that it isn’t enough to buy and hold the underlying security. You should be compensated for it. Those dividend payments definitely add up and can, if dons right, be good supplemental income +I've seen a couple of unanswered questions related to HRA across a few tax related posts. Since this is a very common one, thought I'd start a thread for all HRA related questions. + +&#x200B; + +My situation: + +I moved to my hometown after WFHs were issued mid of 2020. + +We had a shared apartment on rent. The landlord wouldn't accept any form of digital payment, so we had to pay the rent in cash and he wouldn't give us his PAN card information either. So, we just claimed around 8.3K every month which amounted to around 1L every year. + +Did the rent receipts through Clear Tax and signed it by ourselves. The whole process of getting receipts online and signing it yourself looked very shady in the beginning, but apparently that's what most of the employees do and I eventually ended up doing it myself. + +One thing I'm worried about is the Rental agreement which basically expired in the beginning of 2019 but we were postponing the renewal of the agreement because of other issues like rent increase and the like. + +I was paying rent for the apartment till around September 2020 after which we vacated the place. The owner didn't return the deposit amounting to another 2 and a half months of rent. + +But, during the beginning of 2020, we had entered the rent projections in the employer's portal for the year of 2020-2021. + +How do I go about this? Should I claim HRA only till September? Or can I include the unreturned deposit as rent for another 2 extra months? It's all under 1L either way. +I made a post earlier about Melissa untying the hands of media then lightning struck. Please hear me out here... + +I can't believe it took me this long to think of it but this unchained the beast that is **RYAN COHENCurrent events...**Friday - Melissa says "Naked Shorts yeah..."Saturday - Naked Shorts is trending on Twitter and getting the attention of the general public.Sunday - CNBC plays CYASunday - Wes Christian gets a meeting with MSM. + +**Theoretical...** +Monday - Wes has his interview. +Tuesday - More attention to naked shorting. +Tuesday or Wednesday - Ryan Choen can clear his throat and raise his hand and say the following. +**Edit -** Sometime this week - Rule 005 drops. I figure if you are going to dream dream big. + +**"My company just had their annual vote. We counted XXX millions share when there should only be 70 million total. I think my company may have been subjected to some form of naked shorting. I would like to look into this. "** + +He can say this without fear of market manipulation because it is mentioning a crime that has just been brought up in MSM. This would also eliminate any issue of backroom counting deleting votes. It would also allow Ryan to mention the vote count without someone claiming it is market manipulation. + +&#x200B; + +I'm truly retarded and it's hard to stay conscious with all my blood headed to my nethers because this idea has made me giddy as a teenager on prom night. +Im gonna skip alot in this story and just stay with as much relevant info that is needed. + +2 weeks ago i had to take a leave from my job as a sales associate because of overwhelming depression and stress from events happening at home but me being home for those two weeks to work on bettering myself only made things at home worse. Now I am currently in a hotel until tomorrow morning then all i have is my car my self and some clothes books and an old ps3. I left quite a few things behind because i was rushing, was terrified and heartbroken as i was packing to get away. + +I have family on the opposite side of the US from me that say I can live with them for a *short time* bc of my situation. The thing is this is the same family that kicked me out because i told them i needed to quit a job in order to better my grades in college. Also I am currently employed here and I dont know if I will be able to get a job anywhere else bc police were involved a ton in the incidents that put me in this position. Idk what to do. How should I go about getting myself shelter, food, a job (or keeping my current one) and keeping a good hygiene? Any advice can help I am currently in DC. + + +Edit: trying to reply to everyone but things are happening so its hard to keep up, i am reading every single comment, just cant reply to them all now. i appreciate every comment, prayer, and all the support thank you all +An old family friend messaged me yesterday telling me he just **traded all of his BTC for ETH**, which he'd been holding since 2013. Like me, he's lost his confidence in the Bitcoin project, team, community, value proposition, and roadmap. Based upon current market dynamics and sentiment, he is not alone. Even die-hard maximalists ([like Richard Heart](https://www.reddit.com/r/ethtrader/comments/7vcvcy/daily_general_discussion_february_5_2018/dtrp8v5/)) and other long-time BTC supporters ([like Vinny Lingham](https://twitter.com/VinnyLingham/status/959076300685172736)) have started to jump ship or strategically distance themselves from BTC and start to embrace ETH. + +Meanwhile, the Ethereum project, team, community, value proposition, and roadmap for 2018 / 2019 were just all too enticing for him, and perhaps you as well. + +And he made the trade over to ETH at practically market bottom / maximum market despair, *like a boss.* He minimized tax liability, while getting the same amount of ETH for his BTC that he would have today. And if the ETH-BTC ratio continues to increase, he may have gotten quite a deal indeed. + +Hopefully some of you were able to take advantage of that opportunity if you wanted to ([I wrote about it here yesterday](https://www.reddit.com/r/ethtrader/comments/7vlev1/daily_general_discussion_february_6_2018/dttxne0/)). Considering we are well below all-time high, I daresay the opportunity is still there for the taking. + +If you want to hold both BTC and ETH, no worries here. I'm not going to stop you, and I don't think many here would. Just take the time to understand the value propositions behind both coins and make sure you buy into their respective visions and roadmaps. 2017 was a defining year for both projects, with the vision changing and becoming more clear for both projects. I don't follow BTC as closely any more since it decided to focus on "digital gold," but I will say that ETH has an exciting 2018 and 2019 ahead of it. Scaling and increased developer / user adoption will reach fever pitch in the next two years for ETH. + +**But if you're coming over from BTC, welcome.** We're happy to help you learn about ETH and welcome you into the community. And if you get down-voted for asking a question the first time in the Daily, don't take it personally. We're used to getting a lot of trolls around here, and sometimes it can be hard to tell. + +**If you do have questions and you're not getting the answers you need, please post below and someone will hopefully help you out.** If that doesn't work, then please feel free to message me personally and I'll try to help if I can. +Started my investment journey in January but honestly was able to continuously put money in starting May. Currently have 5k invested with projections of 200$ a year. Made some mistakes along the way so I don’t think I’ll see that 200 but it’s motivation for next year. + +New goal is to have 15k invested by next summer while also growing my emergency funds. 600-800$ a year will be a game changer for my DRIP and compounding. +This is a follow-up of sorts to [my previous post where I thought everything had been resolved](https://www.reddit.com/r/personalfinance/comments/7hqaen/employer_recently_changed_providers_and_i/). + +In yesterday's mail I received a collection notice from Grant Mercantile Agency (is ID'ing them by name okay? I'll remove their name if Mods disapprove) showing a Principal amount of $0.00, because I'd paid the bill in full in June, but with Interest of $15.38. So the collection agency is claiming I ***currently*** owe them $15.38. ("Because of interest and other charges that may vary from day to day, the amount due on the day you pay may be greater.") + +I immediately called the radiology center where I'd paid the bill in June but their A/R people had already left for the day, so I got A/R's direct number and am planning to call them this morning. + +I'm hoping A/R will call the collection agency (CA) and tell them to knock it off. + +But it's also entirely possible that this is something I may need to do myself. + +So, that's the question. + +If I do have to call the CA myself and **IF** they're ***not*** willing to acknowledge that this is clearly a computer error and just zero out the account, how do I fight this? What do I tell them? *Other* than "fuck off, you shady cunts". Because that would not only *not* be polite but counterproductive as well. + +And I'm certainly **not** paying interest on a bill that I've already paid in full. + +***Update:*** I just spoke to A/R, told them the CA was charging me $15 interest on a $0.00 bill, and they agreed that that's not right. They're going to send me a $0.00 statement, and said they will also contact the CA to let them know the account has been settled. I guess I'll have to wait to see if the CA is willing to play ball, or if they'll still try to get a slice of my pie. + +***2nd Update:*** A couple of hours have passed and I decided to call the CA myself. With all the bad rep CAs get, the lady I spoke to was very polite, friendly, nice, etc. She looked up my account, told me it had been zeroed out, and that I did not owe them a penny. She also assured me that the debt had ***not*** been reported to the credit reporting agencies, then reassured me a second time that it would not be. Yes, she actually said it twice, that it ***has not*** been reported and ***will not*** be reported to them. + +Due to the security snafu with Experian we have their "Pro" service for a year (or however long it is) so when I get home tonight I should be able to pull my credit report with them for free, regardless of the "one free report per year" caveat. +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; +I'm 15 and I have saved up $6500 from my job and side hustle over the past year. What should I do to keep this investment safe in such an uncertain time in regard to the US dollar? I was considering keeping assets in gold but I am not very familiar with this. Would that be a good idea? + +Thanks!!! +Going out for dinner will always be one of life’s little luxuries. And it’s also of the most expensive when done regularly. + +I’ve been travelling a fair bit for work recently so I’ve been eating out while on the road. Obviously everything is more expensive and restaurants need to pay rent and keep the lights on, but $50+ for a single of food is something I struggle to justify. Even when my work is paying for it, I can’t help but think about how many meals I could cook at home for the same amount. + +The $25-30 pasta dishes really get me. +Will there be a near-100% unemployment rate? Will all capital become consolidated in the hands of a few? Inevitable redistribution of wealth policies? Ultra-cheap goods? Will companies have to employ humans so that they will have customers to purchase their products? +Hi everyone, Bob here. + +I'm just posing this quick update to the FTD status . it slooks like we're going to be seeing increased FTDs moving forward, with a nice spike on C35 ETF FTDs in the near future. No dates, but dates: + +https://preview.redd.it/tefuqljh8ic81.png?width=1074&format=png&auto=webp&s=017f568090352e8a278e36052180f844832bee21 + +This plays nicely with the futures theory posted by the gherkin. his theory and others are looking great - more on them in my recent DD series + +* [Compendium part 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) +* [Compendium part 2](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) + +**We are in the FTD pileup portion of the cycle, and it looks to be coming to a climax soon.** + +Current price action looks to be the work of sHFs working the price down using puts (or synthetics). + +Wondering what the effect of heavy shorting thru XRT was? + +https://preview.redd.it/rg7hjxj28ic81.png?width=348&format=png&auto=webp&s=41e724de03ff3c6de470c9065686e6596f43403e + +heavy FTDs... time to pay the piper. + +In crayon: + +&#x200B; + +https://preview.redd.it/f8ffm4ewnjc81.png?width=2583&format=png&auto=webp&s=c84d63f4d0e7516be0b3308808ec7230b27f05e1 +Let me start by saying my main purpose of this post is to give a **HUGE THANK YOU** to people on this sub that are knowledgeable and experienced that have probably answered a stupid question or two back when I started selling options \~1 year ago by attempting to pay something forward. + +**TLDR:** This post won't be short and if you need everything abridged for you to understand than simply click the "X" above and find another post with a catchy meme to entertain you. + +&#x200B; + +**Celebrating A Milestone As I Shift Towards More Optimal:** + +As I'm eagerly anticipating crossing this milestone I thought I'd give some context to why I'm using theta plays in general and specifically what appeals to me. I read a ton of posts on here from people that are using theta to \[ideally\] beat an index or to normalize returns in an otherwise roller-coaster world of investing. ***That isn't quite why I do this*** so I wanted to share my perspective in case others can relate or in case it encourages others to hop in. + +&#x200B; + +**Context For Why I Sell Options:** + +I don't use theta plays as my primary strategy with investing but rather to supplement other activities I involve myself with re: trading. Many people here have pointed out that a great theta strategy return 12-18% annually if done optimally and I suspect that range is accurate, but it takes a decent amount of attention to the market regularly and it involves tax liabilities that are at times less than optimal. Therefore ***I do not dedicate my entire portfolio to theta but rather I use it to create somewhat of a dividend*** on stocks I own and would be willing to own more of as a supplement to my longer term goals. + +I recently sold an insurance business I owned and day to day our income derived from earning commissions on policies that were sold to our clients. More specifically, we made 10-15% of the premium we generated with these policies (commissions range based on type of product) so as long as we were hitting our monthly/annual goals then there was net profit left over for me at the end of the day after paying all expenses. ***But operating a small business can be as annoying as it can be fun just depending on the day.*** I had to manage training and recruiting staff from time to time, providing the space to operate the business from, phone bills, calls from insurance companies we worked with who wanted to tell us about product changes, clients that weren't happy about claims, billing issues, having to occasionally stay late, having to occasionally come in early, dealing with USPS delays, buying supplies, etc etc etc. Short story long, running a business means a lot of moving pieces. + +However, once I started getting more serious about selling options and generating premiums (after I sold my business) I feel like a lightbulb flipped on. I can sell without ever picking up the phone, without ever handling an upset client, and without 99% of the expenses necessary to operating my business and still (hopefully) generate net profit. ***My perspective had changed for good!*** Starting this year I began to track every open/close of a position and I decided to spend about an hour a day on average making trades an analyzing what worked and didn't work to develop a more optimal strategy and so far I think I've come to some good inflection points. + +&#x200B; + +**Lessons I've Learned The Hard Way, The Only Way I Know How:** + +Having been at this diligently for about 5.5 months now I've noticed some trends in my earlier trades that I haven't wanted to repeat since then and I'm happy to share a few now. These may be obvious to some but for me they took getting that *burning, itching feeling* before I decided to change things up a bit. + +1. The first time I got assigned on covered calls I was pumped! I had shares of a company that I had higher hopes for but as I started thumbing through more SEC docs I became turned off towards their future prospects. I sold the calls, made $3,482 in premium (felt like free money!) and forgot about the shares until a month or so later my shares were gone and I had the money in my account instead. I was stoked and then it was off to the races.... until my second assignment happened that I DID NOT want to happen and I felt terrible. Lesson #1 therefore was come up with a better strategy to determine how far OTM to sell to lessen the probability of this occurring again. ***I now use 1.5-2.0 standard deviations as my metric depending on how sad I think I'd be if I lost the shares and I haven't been assigned since.*** +2. This one should have been obvious from the start since I had traded options for years casually before ever selling one but it wasn't. Shame on me I guess. The day you open a position REALLY matters. Said more specifically, ***selling calls on big green days or selling puts on big red days really adds up in total premium collected in the long run.*** IV matters too and so do a couple other random calculations but so far for me nothing has mattered more than picking the days to sell more than picking what strikes/expirations to sell. +3. When I started I was only selling weeklies. I knew from being a former buyer of 30DTE-or-less calls that they hardly ever worked out so logically I figured selling weeklies would yield a nice little premium-receivables business. ***But I soon realized that the premium on weeklies sucks compared to 14-30DTE and even 30-45DTE*** (so long as my standard deviations were in check) so I quickly stopped selling weeklies (with only one exception covered below) and now I mostly sell 30DTE and and try to close for 30-50%+ profit, or just let them go the distance if strike is nowhere close. +4. My brokerage used to charge me $0.65/contract when I'd sell them and while that seems nominal to some I was feeling like it was WAY too high. With my background in running a small business I felt like I needed to be on top of minimizing expenses anywhere possible and this was the first place I looked (because the best part is, this business has almost no other expenses!). I love my brokerage and wasn't willing to change so around April I asked for a lower price and a week later they called me back and ***said they'd drop to $0.45/contract in commissions*** which thrilled me. Relatively speaking that's a huge reduction so I strongly suggest anybody selling hundreds of contracts a month to call and ask the same. YTD I have spent $805.61 in commissions so I knew by the end of 2021 I could be \~$2,500 which is better than \`$3,000+ if they didn't cut me the break. +5. I've probably made the least off of selling near-ITM CSP's because for the most part I feel like they've moved against me quickly before eventually moving again in my favor for me to close the position out for a small profit. ***Profit is profit so I'm not complaining***, buuuuuut, making \~10% on a position isn't worth it to me so I now avoid these completely. +6. I have never lost a penny on any of these plays (from the perspective of STO and BTC) but I have accomplished this by accepting less premium for what I'm selling in exchange for less risk. ***There is no easy way to make theta money and so if you're constantly swinging for the fences you will eventually get burned.*** I see these posts asking "hOw mUCh cAn I mAKe wITh x sIzE pOrTFolIo???" and I just chuckle to myself. This is where my strategy and the guys/gals looking to make 12-18% consistently have alike strategies... none of us are trying to get stupid rich by YOLO nonsense, we're all just trying to get a little extra juice from every squeeze. + +&#x200B; + +**My Exception to 30DTE Rule:** + +Because I mentioned it above I'll briefly touch on the one exception I make to my 30DTE rule and I'm honestly on the fence about whether I'll even keep this in my bag of tricks long term or not. As a *proof of concept* I have done a few plays this year where I'll buy shares on a dip and them immediately sell weekly CC's with the plan of making the small upside in share appreciation + the premium and maybe arbitraging and squeezing a little extra profit out of the day, so to speak. I know there's a catchy name for this, just don't remember/care what it is. I did this with $BBBY, $EXPR, and currently with $BB. Looking back, though, $BBBY I would have made more by simply holding the shares a few extra days (vs getting assigned at the lower strike price), $EXPR I probably made a little extra but I also had to sell a few rounds of weeklies before eventually getting assigned and having my buying power back, and with $BB I'm just getting sick of seeing the relatively small position in my holdings so the sooner I'm rid of those shares the better. I also own some BB LEAPs that I'm more excited about so I frankly just want the shares gone. ***In hindsight this is where the big arguments usually take place between buy-and-hold vs thetagang and these examples show why both sides of that coin have merit.*** Opportunity cost, loss of buying power, etc are all relevant here and these plays haven't been my most profitable so when I get assigned on my $BB shares I likely won't be doing these again. + +&#x200B; + +**My Portfolio Size & Tax Liabilities:** + +I'll start by saying my portfolio size has no relevance to this post because I'm not using all of my holdings or all of my buying power for these strategies. I do not measure my success against an index or some other arbitrary calculation and instead I'd simply say with the exception of getting assigned once when I didn't want to be assigned I'm merely looking at this as an extra \~$70k so far for the year as a replacement for the career that I used to spend a lot more than 5 hours a week thinkin about. + +From a tax standpoint I think about this a lot and I can't say I've come up with all the answers here, but I do have some thoughts: + +* Doing theta strategies in a tax-advantaged account (ie an IRA of some sort) has pluses and minuses. The big plus is obviously deferring short term capital gains. However, unless theta play are your sole plays then they take up buying power in a limited funds environment that might be costing you opportunities elsewhere. For example, I typically only buy options in IRA accounts because I know with certainty that my holding period will be less than 12 months. The more theta plays I do the fewer options I can buy so it's a trade off. +* Doing theta plays in a non-tax-advantaged account increases the tax liability I'll have for the year but I used to get taxes don all the net profit from my business anyway so in a way this is a wash. I've never taken assignment on my CSP's because I have usually already closed them out for 50%+ profit before expiration but also we've been in an environment the past year that creates more up than down. I suspect later this year and/or in the future my CSP's will bring in premium while I grow positions of some of my long term holding and if/when I sell in the future those gains will be mostly/all taxed at the long-term gains rate. + +&#x200B; + +**Final Thoughts:** + +I'm not really sure what more I can offer but if anybody has questions I'll do my best to answer. More so, though, I just wanted to put this out there ***in case others are wondering if a full theta portfolio is right for them or if there is a hybrid model to be had that will generate a little extra revenue*** without having to take the full dive into the world of thetagang. Any keyboard warriors that want to flex in the comments and criticize for the sake of satisfying your own insecurity are welcome to do so, I probably just won't respond. + +My only other final thought is that soon I plan to start using an actual tracking program so I can spot any major weaknesses in my plays and perhaps tidy things up a bit for the second half of 2021. I have seen a couple cool possibilities and I'm not opposed to spending money on tools to get better so long as they work. After all, this is my business and sometimes you gotta spend money to make money. + +***If you read this far I hope it has been worth it. Good luck and Godpseed!*** + +&#x200B; + +**EDIT 1: Somebody pointed out that selling consecutive weeklies makes more in premium than selling consecutive 30DTE. While I am not certain of this I do believe it is true. It obviously takes 4X more work but you probably eek out of a little more profit too so it's worth noting.** + +**EDIT 2: I forgot how salty people can be online. LOL Anywho, I think I've said all I can say so hopefully at least a few people read something of value. Good luck to all and happy trading!** + +**EDIT 3: Here is the link to the calculator I use for standard deviations on CC's:** [**https://my.aeromir.com/go/c.standard-deviation-calculator**](https://my.aeromir.com/go/c.standard-deviation-calculator) +Economic principles should be determined by verifiable facts, observational evidence, and repeatable experimentation, not ideological theories and beliefs. Economists should be politically and ideologically agnostic. +I’ve been having an emotional battle with myself. I’ve always been left of centre and while morally I probably have more in common with socialists, I want to understand capitalism better and brush away any propaganda from capitalists and socialists. +You may have heard about this ‘golden’ formula that can make you a crorepati in 15 years. But it’s nothing more than a hoax. + +According to the 15x15x15 rule, if you earn Rs 15,000 every month for 15 years and expect a mutual fund scheme to deliver a 15% return, you’ll earn **Rs 1,00,00,000** at the end of 15 years. + +Mutual fund agents and companies often sell their mutual fund schemes by showing false dreams. + +# How? + +While you can control the amount and period of investment, you **can’t control the returns** earned from a mutual fund scheme. Not every mutual fund scheme will give you a 15% return over a period of 15 years. + +And the higher the return expected, the higher the risk involved. + +Never trust any TIP or RECOMMENDATION blindly while investing in a mutual fund scheme. + +**Do your own study, gain knowledge**, and choose a specific mutual fund scheme that meets your **financial goals**. +THIS IS THE SAME COMPANY THAT ALSO: + +Has been selling ape/rocket themed merchandise for over a year + +Has a LITERAL Chair who tweets art created by this community (thinking back to your spotlight u/ButtFarm69 ) + +Has very recently decided to make a new addition to their quarterly reports featuring an updated number of DRS shares + +AND HAS DECIDED TO LAUNCH ITS NFT MARKETPLACE ALONGSIDE A 4:1 SPLIVIDEND + + + +Seriously, this company has given us SO much beyond financial returns. They’re engaging with us with a level of respect and equity that cannot be purchased. GameStop knows it’s community support is ironclad, but instead of the executives capitalizing on that for their own personal gain…they’re playing games with us. + + + +How many OTHER companies in this current economic climate are living the embodiment of zen? + +Hopefully this was enough for the character minimum, if not… + +**DRS.** + +Edit: They also chose to announce the NFT Marketplace at 4:20pm +I'm 27 years old and my net worth is ~$3MM, mostly in stock from the company I started working at when I was 19 but also in real estate and I put 50% of my salary into index funds to diversify since my options are in a single stock. + +**But before the envy kicks in and you start to ask me pointed questions like:** + +*What company do you work for?* + +*What do you do? What did you study?* + +*How did you get to $3MM so soon?* + +**Before you compare my situation to yours...** + +Before you wonder where I went right and you went wrong. + +*Before you feel helplessly behind...and disheartened.* + +**Know this:** + +I just fucking made that shit up. + +I typed into my computer and hit enter. + +It was that easy. + +And I'm neither the first, nor the last, to do it. + +Humans are funny creatures and a lot more people are compelled to tell bald-faced lies in anonymity online than you'd ever imagine. + +While there's little doubt that many of the success stories in this sub are 100% true....many aren't. + +And a great many are embellished...or leave out key details. + +Small details akin to *getting a small million dollar loan.* + +I'm not saying to disbelieve every story you read...this is a place where people of all incomes can feel comfortable sharing a candid snapshot of their finances...but a lot of people are simply full of shit, so don't get down on yourself and wonder where you took a wrong turn when you read a story that sounds implausible. Often when something sounds too good to be true it just isn't. +My wife is always talking about going part time. She is financially independent but does not want to totally retire. She would love to work four days a week 4-5 hours a day but in a professional job similar to the one she has now. + +Trouble is most part time jobs are low pay and menial work. + +Would you take a 50% pay cut if you could continue in your job but at half time? Why or why not? +I am reading an article on Elon Musk's views on moas (which the Motley Fool thinks we should heed!) and the original quote is: + +&#x200B; + +>First of all, I think moats are lame. It's nice sort of quaint in a vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is the pace of innovation. That is the fundamental determinant of competitiveness. + +This seems ridiculous to me. If a company has to rely on innovation and pour funds into R&D just to keep up with competition with new products etc... then it never had a moat in the first place. The whole essence of a moat isn't just a competitive advantage - but a **DURABLE** competitive advantage. + +The very consistency of the product, switching costs, barriers of entry etc.. are proof of the moat which stands for the long-term economics of the business. Companies come and go, and the ones that stay are rare. + +What do you all think? +Recently I read somewhere that some famous content creator on Twitch gets paid somewhere in the ballpark of **$60 million/year** just through sponsorships (promoting brands). + +These content creators were also on some podcast taking about tax saving strategies: https://youtu.be/cktEuje06xo?t=5108 + +Out of curiosity this got me thinking, with such a large income, + +**Assuming they reside in California**, how much could a pro tax team/CPA bring down their overall tax rate on the earnings by? If say the most effective tax strategy is used. + +I apologize for any wrong use of terminology, I'm not from the States and am not too familiar with the ins and outs of US taxes. Just wanted to hear from you guys' experience what tax rate you think a pro tax team/CPA could bring the original overall tax rate on the $40 million down to? 25%? 28%? +What am I missing? Are there any risks of it I am not seeing? It’s literally SPY, but 3x per day, so in the long term if it goes up it will actually be more than 3x because of compounding. Which is why I am wondering if there are any risks I am overseeing. +If so, then that would imply that health insurers cannot differentiate their customers by risk. if that is the case, then why did the U.S. government make it illegal for them to charge different rates based on risk in the PPACA? If not, then why does no rich country opt to have actuarially fair health insurance rather than social insurance? +With inflation rising globally and interest rates at all time lows, why are people so confident the housing market will withstand significant rises in interest rates? These seem almost certainly on the horizon and no-one is panicking? + +If you’re in the school of thought that the recent jump in inflation is just the start of what’s to come, significant rate rises are inevitable. + +I know plenty of people are concerned that the potential rate rises, tied with the almost universal understanding that the housing market is in a bubble (and has been for a very long time), will precipitate in a housing crash. But I honestly see more people labelling these people as wackos/doomsday preppers. +I've never traded with real money but I've been paper trading for quite some time now to test my trading strategy. In the meantime I did a lot of research and familiarized myself with indicators like Moving Averages, Trendlines, Resistance and Support etc. I'm gradually getting a feeling though that those indicators aren't really useful when it comes to picking stocks. In my paper trades, my success rate of trades where I traded with my instincts was about the same as my success rate of trades which were almost exclusively based on indicators, if not higher. I'm personally trying to figure out a system for myself with clear metrics which I then would take into account when forming a decision on buying/selling a stock, but honestly I feel like it's better to trade with my instincts, which will also sharpen the more experiences I gather as a trader. I think the reason why people are so stuck up on indicators might have something to do with people wanting to have a system or guidelines, which, when they follow those guidelines, they're "guaranteed" to make consistent profits. It gives them peace of mind, because they can expect a consistent and scalable income in the future. If you trade with your instincts, it sounds a lot less reliable. It sounds like gambling on luck, which of course is not sustainable. + + +I think I drifted away a little. Anyway, my question is whether or not there are any successful long-term traders who pick their stocks based on their instincts? I usually look at the 6-, 3- and 1-month charts of a stock and that's enough for me to make a picture for myself. In probably 90% of the cases, the stock price performance of the least 6 months doesn't really tell me where the company is headed, but there are a few stocks that are very consistent in their trend for the last 6 months. For example FedEx at this moment. It's in a consistent uptrend since 6 months without very minimal oscillations. If a stock has been highly consistent in its trend during the last 6 months, chances are, it will continue to do so in at least the short term future. FedEx, which notes at 226.12 USD at this moment, is in my opinion far more likely to reach a price of 238 USD before 214 USD, which is only an deviation of roughly 5,3%. Short-term for me would be something in the range of 1-2 weeks. Now in this specific example, I think it's realistic for the stock price to move either 5,3% down or up. But again, this is just my instincts, which have been formed and keep being formed through experience. Right now, I would buy the FedEx stock and take profit at 238 USD and sell at 214 USD. If I really made that purchase, there's nor real science behind it, just my instincts. And I think in at least 5 cases out of 10, I would make a profit with this decision. + +If there are any highly illogical parts in my way of thinking, feel free to point it out! +Libertarians love Friedman for his beliefs if liberty and freedom. I've seen even neoliberals and democrat economists claim that he was influential and intelligent. If they truly felt that way, why do they ignore most of his teachings? The only people that seem to follow his line of thinking are the austrians and they don't seem that well respected. +I been reading a lot about the US trade deficit and how the U.S. is now a net importer. Why is being a net importer bad for a country’s economy? If being a net importer is bad how would it be possible for everyone to be a net exporter since you need somewhere to send your products? +[List of countries by external debt](http://en.wikipedia.org/wiki/List_of_countries_by_external_debt) + +How is it possible that EVERYONE owes so much money? Whose money is it? The cynic in me wants to say "oh China's just lending everyone money" but I've read that they've got their own problems too, many of which are masked by their lack of transparency. + +Seems like every country on the news is in some form of "crisis". If no one can pay off their debts, how is this ever resolved? Maybe this belongs in /r/conspiracy +https://www.google.com/amp/s/www.moneycontrol.com/news/business/economy/why-were-tax-collections-at-record-highs-from-us-to-uk-to-india-despite-weak-economic-recovery-8369511.html/amp + +Here are some specific things I didn't understand: +- "the past half year has seen rising inflation and inflation always elevates the nominal parameters. High product prices led to super normal profits for metal companies, as also for other product companies that could pass on price hikes. Also, customs duty collections in many countries, including India, rose as the nominal value of the imports rose." What does 'nominal parameters' mean? Why does inflation increase tax collection? Shouldn't it be the other way round? If there is more inflation the middle class man needs more money to spend, so tax collections should be less right? +- "Thirdly, huge stimuli from many governments like US, UK, EU and Japan led to a pick up in global trade in 2021. India, too, reported record exports of $418 billion in FY22, as also record imports of $610billion. Both push up the entire ecosystem of manufacturing to result in higher tax collection." Shouldn't this mean that trade is strong and the economy is doing good? Hence removing burden from tax payer? Or does this refer to tax collections from customs? +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! + +September marks the end of the moratorium on insolvent trading. Many, many Australian companies will enter administration between now and mid 2021, but most will restructure and continue to trade. + +When a company enters administration it means that they can’t make a profit any more, can’t meet debt obligations and need a third party to step in and take over. At the point, this party (the administrator) acts in the best interests of the creditors to get some money back. The bigger the company and the stronger their brand is, the more likely it is. + +Amongst many others, so far this year, Harris Scarfe, Sea Folly and Jeans West have entered and exited administration. The administrator axed unprofitable business units and then sold a profitable core to another party to recoup some of what was owed to financiers and suppliers. + +If there is nothing to salvage, the company may go to liquidation which is where it really ceases to exist. + +We will see many, many more. STA went into administration today - they’ll probably close a few stores that were losing money, shake rental obligations then reopen is a smaller chain. + +TLDR: administration means someone took over to work out what can be salvaged from a business to get some money back for suppliers. Liquidation means they’re gonezo. +As any Day Trader knows **a lot** goes into being consistently successful. + +For this post I am going to focus on **one** technique - it is not the only thing one should focus on, nor should it replace indicators that are currently working for you. + +As a final caveat (and on Reddit caveats *are* needed) - *this does not apply to momentum-based trades on low-priced gappers that you are trading within the first 30 minutes.* + +It is really quite simple - roughly 70-80% of all stocks follow the market. And when I say "market" here, I am referring primarily to the S&P 500, which is reflected in the **SPY** ETF. However, you'll notice that every day there are some stocks that seems to be relatively strong or weak against SPY. Sometimes this is due to a news event or earnings, but others the stock is just weak/strong on its own. + +There are four types of these stocks: + +**1) SPY is up, but this stock is stronger than SPY proportionally** + +**2) SPY is up, but this stock is down** + +**3) SPY is down, but this stock is weaker than SPY proportionally** + +**4) SPY is down, but this stock is up** + +These are the stocks you want to focus on to day trade. As an example on Friday - SPY was up, but at around 2 hours into trading **DGX** began dropping, even as SPY continued to push upwards. Shorting DGX around 2hrs and 30 mins into trading, right around 137.50 and you would have made a quick $1.50 a share. Seeing the weakness in the stock you could have even done a lotto play and bought the 135 puts which were going for about 20 cents at the time and within an hour were at 60 cents (a 300% return). + +Another example on Friday would have been **UPST** \- it gapped up $4 and then within the first hour is jumped up another $10 before pulling back and consolidating. But then at roughly 1:45pm (est) it started to move up again, even though **SPY** was flat. This answers the age-old question of - "The stock is already way up, isn't it done for the day?" Clearly it wasn't and increasing while **SPY** is flat is a signal of the stock's strength. Going long at 1:45pm (est) and selling at the first pullback would have given you $5 on the trade (as well as an insanely good lotto trade with the 100 calls). + +*Note I am not talking about RSI which is different than Relative Strength or Relative Weakness against SPY*. *Nor is this Beta which measures volatility compared to the market.* + +Trading these stocks also gives you an advantage - if you are shorting a stock that is relatively weak against SPY and the market starts dropping - that stock will drop even harder. If the market goes up, that stock will at worst just stay flat most of the time. + +When you Day Trade stocks that are not Relatively Strong or Weak against SPY than you are at the mercy of the market. + +It is very simple, very basic and very essential to Day Trading, particularly once you are out of that first hour of momentum trading. +I’ve been investing for awhile and have really been puzzled by this latest bull run. I was very hesitant to make big moves because I feel the market is over extended and was anticipating a correction. + +But then I started thinking. And researching. And thinking some more. + +Basketball and baseball cards are SKY HIGH. Comic books are selling at print price then jumping 300% days later. Goodwill prices are up. Car prices are stupid. Real estate is insane. Gold and silver are super high. Guns and ammo are sold out. People are spending more money than I’ve ever seen in my lifetime. + +Maybe there WON’T be a crash. Maybe people have so much money they are investing more than ever (it’s also easier than ever with RH). Maybe the dollar is the worst thing to own right now. Maybe the fed is printing so much money people have the ability to buy things and spend more money on investments. MAYBE the market will only continue to go UP. Maybe if you stay in cash it will be impossible for you to get into stocks and funds at a “low” price and you will be left behind. Maybe inflation looks like this? + +I don’t know what’s going on. But I’ve been trying to wrap my head around this and I don’t know who else to talk with. So I’ve turned to the one place that will slam me back down to earth and provide me with some rationale. +&#x200B; + +https://preview.redd.it/vgs1850fh5x61.jpg?width=637&format=pjpg&auto=webp&s=636737f1f9e3a3868529aedd5821953027ab10ca + +Give a follow to [ZionLion](https://twitter.com/ZIONLIO29288757) for his Twitter DD + +SOURCE: [https://www.tradersinsight.news/traders-insight/securities/securities-lending/securities-lending-report-4-26-21-4-30-21/](https://www.tradersinsight.news/traders-insight/securities/securities-lending/securities-lending-report-4-26-21-4-30-21/). +Hi all, hitting the 2 year mark of living with my SO in September, which I believe will be when we are considered in a De Facto relationship. + +I have savings invested in ETFs that I've put together over the last 10 years. We've been together for the last 3 and living together for 1.5. She unfortunately doesn't have much savings or income as she's trying to get a business off the ground. + +I help her out with our bills and rent when needed, and continue to add to my investments where possible. I'm concerned about what happens when we turn DeFacto and she has the right to claim half of my investment portfolio. + +She's agreed she'd be happy to sign an agreement that the investments wouldn't be part of any separation as I accrued the money before we met, and we share all expenses moving forward. Is this an option legally? Can we make those finances untouchable in case of a break up? + +Just wanted to see if anyone had similar experience before I start paying for legal advice. + +EDIT: Other option of course is to just embrace that being in a relationship means sharing what you own. My parents divorced so I think that's why I'm a bit cautious but yea, maybe just gotta remember that we only live once. + +Thanks +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 131072 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Why? + +1. Because I invested in strong companies with strong cash flows and balance sheets. +2. Most of my holdings pay a healthy dividend. +3. If the market goes down and stays down, my DRIP yield during that time will skyrocket. +4. If it goes down and bounces back quickly, I am happy having my capital preserved and even appreciating. + +The only downside is that some investments will perform better than mine during a bull market. But that's the trade off. Greater reward comes with greater risk. It all depends on your goals. + +Me personally I think everyone could benefit from having some dividend investments in their portfolio. +Theft is exactly what it is. We go to the grocery store to buy groceries, the store takes our money, and tells us they'll feed us in 35 days, and in 35 days, they tell us the same thing. Why? because sooner or later we dle of starvation. that's their goal for every stock holder and every company they've shorted: steal from us, starve us, and hope they all dle or go away. and in the mean time they have our money and use it to buy other things and profit twice! once from the theft and then a second time by making money off the money they stole from us! + +Well, Wall Street, I have no plans of dylng anytime soon and I'm not going away. Put the damn groceries in my bag! 💎🤜🤛💎 + +Buy, Hodl, DRS. THIS IS THE WAY! 💎🙌🚀🦍🌕 + +🤟🦍 +When it comes to understanding how overvalued the market is, the Buffet Indicator\* (total market cap over USA GDP) is for sure one of the most popular ratios. Today, it is at 204%, which means "significantly overvalued", but this doesn't take into account what could be the new normal... + +In the past 5 years, thanks to companies like RobinHood, investing became accessible to many more people\*\*, which in turn drove the market higher. + +So, what if this is the new normal? What if these new investors are here to stay and so having an average P/E of the S&P500 of 25 will be the new 15?\*\*\* + +\* [https://www.gurufocus.com/stock-market-valuations.php](https://www.gurufocus.com/stock-market-valuations.php) +\*\*[https://www.businessofapps.com/data/robinhood-statistics/](https://www.businessofapps.com/data/robinhood-statistics/) +\*\*\*[https://www.multpl.com/s-p-500-pe-ratio](https://www.multpl.com/s-p-500-pe-ratio) +Like the title says. I'm starting to get more serious about investing in stocks. Previously I would just purchase shares of companies I thought would do well long term. + +However, when I analyze my own stocks, I see they're way overvalued. I own Tesla & Intuit for example. + +Would it be best if I just keep holding on these, or would it be wise to sell and reinvest in companies that are considered undervalued? +I am open to relocating, setting up offshore companies etc. - I am just curious what the lowest taxed solutions look like. + +Some things that have come up through my initial research are Portugal's NHR scheme, Croatia's digital nomad "visa," low Romanian / Bulgarian income tax, UAE offshore company, and moving to Cyprus. +Buying a big project? So hear this: + +We have over 900+ units in this condo, with multiple pools (diving pool, lap pool, etc.) + +And we have the stupidest problem, who seems to be a serial pool-shitter. Twice in a month now he's dropped a turd in the pool, and at least twice more in the past three months. The police have been called, but apparently it's really hard to pick him out of a huge crowd. There are a LOT of people using the pool. + +The pool has had to be cleaned each time, and the maintenance fund is gonna take a big hit. + +Just so you're aware, this sort of stupid nonsense can happen in big projects. +*'"Be greedy when others are fearful, and fearful when others are greedy.' -Warren Buffet."* -Michael Scott. + + +You ever notice how much everyone on this sub, and every other investing sub, talks about their huge allocations in tech heavy funds like QQQ and ARKK? + +Even going so far as to make tech the spine of their portfolio? Or even the entirety? + +Despite the massive valuations and parabolic price jumps the sector has undergone? + +Look guys, I know that stonks only go up, but sometimes in order to keep going up in the long term, they need to go down in the short term. Sometimes they need to go down a lot. Sometimes, if you're not properly diversified, it could take years, even decades, to recoup losses, even if you dollar cost average. + +Meanwhile, other stonks that you neglected because you went all in on one sector of one market of one country's economy will go up, and you'll miss making all those gains because you're still betting almost 100% on tech. + +Basically, what I'm trying to say is you're exposing yourself to a disproportionate amount of risk, more potential risk than potential reward, whenever you make QQQ half of your portfolio. Remember that even 60% VTI/40% VXUS is moderately risky, because you're still only exposed to one asset class. Just for context. + +Lastly, I just wanna loop back to the beginning and encourage you guys to look at that quote, then consider what happens whenever an asset becomes very popular, maybe even trendy. Weed stocks were big, and kept going up. Bitcoin was big, and kept going up. Real estate was big, and kept going up. Dotcom companies were big, and kept going up. What happened to them all? + +I'm not saying the tech sector is going to see the same fate, because I don't have a crystal ball. But I AM saying that when you effectively make your portfolio almost entirely tech by making it 40% QQQ, 20% VOO, 20% VUG and 20% ARKK, you're placing a very clear bet that tech will never meet that fate. + +Do you wanna make that bet? 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So I need suggestions on what I can do for money. + +I live in the UK, cannot set up a lemonade stand without a permit, do not suggest the typical "Dog Walking, Babysitting, Yard Work" those generally don't work, who'd trust a 13 year old boy to cut their grass, walk their dog or watch their child? + +&#x200B; + +Edit: Forgot to mention, home schooled btw. + +**Please put suggestions down below. <-----** +I recently received 6 grand from a deceased family member and I would like to grow it safely for when I leave for college. My main thought now is just to allow bank interest to increase it over time. I'm not very money savvy. So would appreciate advice from more knowledgeable people. + +Edit: Thanks for the great advice everyone! I'm feeling much more confident in my future prospects. Also, first Reddit award! Yay! + Before I share the medium post link, I'll quickly address something. It took about 10 days for me to structure my notes in a way that was readable and still descriptive, but it still turned out to be an hour long read and was mostly full of lingo in order to consolidate that much information that normies wouldn't have understood. On some persuasion from IRL folks, I had to cut down a lot of stuff and change the language from lingo to plain english that could be understood by most people. I had to attempt to explain a few things that netted the word count even more. In hindsight perhaps a medium post was not the best idea and maybe I should have just posted my earlier draft which goes much deeper analysis into every segment that ITC's involved in. I still have that draft and may post it on here or discord if there's interest around ITC at all. + +**TLDR**; Earlier draft had too many things, had to cut down on a lot of details, stuck to stuff that related only to my investment thesis. May post other stuff in another post/reddit but will be difficult to structure it any reasonable form. + +[Link to the medium post](https://medium.com/@agnanidivyansh/itc-e90752a078a6) + + Some stuff that I cut down on, if any of these get interest here I'll post it on discord and maybe on another post - + +1/ business strategies other than those mentioned + +2/ dynamics of contribution of different segments to topline and bottomline over the last few years, reasoning behind it, and a forecast + +3/ detailed taxation analysis, why taxation doesn't work, how the illegal cigarette market works + +4/ why it'll be prudent for the govt to ease taxations and regulations now, even though they've been taxing cigs heavily the past few years + +5/ supply chain stuff behind itc, much more details into backward integration and echoupal network, their triple bottomline philosophy + +6/ why net margins scaling is an eventuality and a case study of HUL in its earlier days going through the same expansion of margins + +before anyone asks, the segmental data on screener.in has some issues when it comes to FY14 & FY15, took the data from ARs instead +I'm a stats major, I've built GARCH models and I know how to cross-validate. But my one financial economics class taught me that trading isn't anything more than a 50/50 shot, unless you have insider information or a speed advantage like with HFT. i.e. "An index fund could out perform hedge funds over a 10-year period" and most hedge-funds tend to underperform... + +Clearly, I'm naive. Is there any thing you can suggest I read that debunks the idea that you can't predict the stock market, i.e. the random walk and EMH theories? Can most algo traders at hedge funds really make a profit in the long term? +TLDR: if you’re one of the people that comments in DDs that the stock isn’t GME or is distracting people from GME, you’re the bad kind of retarded. + +What is happening with GameStop was and is incredible, but this is not a GameStop subreddit. I’m so tired of reading through the incredible DDs in this sub only to arrive at the comment section where some smooth brained dolt wrote, “not GME, downvote” or some bullshit like that. There’s already a GME subreddit and a daily mega thread to try to keep you people from running this sub into the ground. + +So if you’re worried that your 5 shares @220 might not actually turn into 100k, make a Twitter account and start shilling GameStop there. I am aware that the GameStop play is still happening and don’t need the opinion of a 16 year old whose mommy still direct deposits money in their bank account every week. + +Let me read and plagiarize the DDs written by the real autists in peace. Thank you. + +Edit: mods get that pee martini ready for me, shaken not stirred. If you disagree with me get fucked. This is my post and karma only goes up 🚀🚀 + +Edit 2: A big thank you to the mods as they have delivered the nectar of the bulls. It goes down smooth, like GME shill’s brains. Good luck to everyone with money in the market tomorrow and GME to 1,000,000🦍🦍🦍 + +Edit 3: I want to reiterate that I’m not all hot and bothered by the volume of GME posts. It’s the ninnies that go into posts regarding other topics and fuck about. They’re like jehovas witnesses who knock on the doors of honest, hardworking, American DDs and try to convert them. In a few years they’ll teach classes about GME, but for now let me read about other autistic shit. +What are some small/medium (under $30k) purchases which can really make a big improvement to the quality of life for someone planning to fatFIRE or who has already fatFIREd? +Read [this article](https://www.moneycontrol.com/news/business/franklin-templeton-what-happened-behind-the-scenes-including-on-risk-management-6553741.html) recently which says that the warnings by FT's risk management were ignored/overruled. Things like these seem to be a constant reminder that the game is rigged and not in our favour. + +What would be the next course of action now? +I've worked for this shop that on the surface, everything is legitimate, we have many locations, and overall are very successful. I'm the manager at a growing and successful location, and have been working for this company for 3 years. But for some reason or another, the owner has me and all the other managers pay our employees in cash. I got into this position due to seniority as a regular employee and didn't have previous management experience, but just followed the guidelines my previous manager did. But this whole time, pay has been in cash with no paperwork for me or the employees, and I have no idea what to do. I need to be able to submit taxes, and I have a lot of ambitions for this business, but due to the fact that my work is undocumented, I am afraid of working here any longer since I do not know how to do my taxes or help my employees do theirs. I'd really like help since this has been a big stress for a long time for me and I don't want to owe the IRS money +Some people here seem to miss the balance between living life and being insanely frugal. Having fun experiences is an investment for your mental and emotional health, buying expensive stuff every once in while doesn’t mean you’re a slave to the consumerist society. Money is a tool, and depriving yourself of the happiness it can bring will make you an old miserable fart with a lot of money but no stories to tell and no friends to talk to. What’s the point of working if you’re spending all your days working and hustling and yet guilt yourself of the simple pleasures in life?! On the other hand, you also have those old farts who also end up miserable because they enjoyed a tad too much and end up in debt with no retirement fund. That’s a different scenario. + +Anyway, saving money for important financial goals and doing fun experiences or buying nice stuff (even on impulse) is not a this-or-that situation, they can coexist. But what makes this an ideal situation is having a clear plan on how to manage your money so that you have enough for your essential needs, your goals, and your variable expenses (which includes your fun fund). Many people fail to plan 2 things on top of their usual expenses: 1) what their saving goals are, and 2) what a realistic timeframe for them is. That’s why it’s so hard to balance their lifestyle. Everything has to be saved now, buy a house now, invest now. + +I have 3 categories for where my money goes every month: bills, variable expenses and wealth (including saving goals). Every month my money is allocated to these three categories, and if I spend more on one, another will have to give. It’s a balancing act. + +I’ll give you an example. Every month I have a total [saving goal of £805](https://imgur.com/pjl5GEZ). These goals are all extremely important to me, and I know that I need to save that much per month to reach the target dates. I have an income of £2450, and that leaves me with a budget for [variable expenses of £411](https://imgur.com/a/WHibaKY), which may not be much of a wiggle room. If suddenly my friends invite me to go on a daytrip to somewhere that would cost me £150, I can adjust my other goals or accept that next month I will have to try and survive with £265, or £336 for the next 2 months if I am dead set on my original target dates. The answer to fun unexpected things shouldn’t always be “no, that’s not on my budget”, or “no, I can’t afford it”. It should be “let me check if I can adjust something”. I used to be so guilty with my spending too, but when I found a method that works for me then I am more at peace with how I spend money. I’m sure there are a lot more simple ways you can do this, but my point is you just need to adjust and balance it out. + +If you’re struggling to reach your goals, then maybe set back your target dates a few months later. If you are dead-set on reaching these goals, then you should be alright to cut back on the variables. If you want to buy a new car late next year but your kid asks for a trip to Disneyland, then maybe hold back the car a few more months or save harder next month to keep up? Ten years down the line you’ll cherish memories you spend with the kid rather than buying the car 2 months later than you planned. + +You’re supposed to control your budget, your budget should not be controlling you. What strategy works for you when it comes to saving and spending for the unexpected? + +\[EDIT: The screenshots are taken from Nova Money which I use to balance out my spending vs saving goals\] +Hey guys, + +Have you ever been so broke that you cannot pay your bills? If so, what did you do? My situation, I left a job for another, the job I left it for required us to get licensed (mortgage loan officer) to start, I failed the test by a question, they let me go, said if you pass it on the next go around, 30 days, we’ll rehire you. Thing is, I have no money to meet this months living expenses. I have $500 to my name. But my bills start auto drafting on the 28th. And they total out to be $1300 ($1000 of this are debts, $600 of which are on payment plans with creditors that mark your credit if 3 days late, can’t have late payments or else cannot get licensed by the state to be loan officer even when I pass the test the 2nd time). This does not include rent which is $1900. What should I do? + +My parents don’t have it. They gave me $2000 last month because I couldn’t meet my expenses then bc I was waiting for this job to start. No one is responding to my Airbnb ad for a roommate. + +I think I have to open a new bank account and just pay the bills that mark my credit. And leave the other ones as late until I can pay. I have no option. Food and gas? You can forget about it. I’m doing all I can. I’m driving for Postmates every day but it’s not enough money. I’m so stressed out. Any suggestions? + +Update (5/10/2021): passed test and employed. Postmates was not worth it, did it for 4 days in a row spent 4 hours each day and the total pay out was $160, $70 of which was used in gas (edit: they did give me an added $40 compensation to meet min wage requirements 2 weeks after). Paid $100 in rent and 90 on utilities. I plan to hopefully get unemployment for those 6 weeks I was out of work and put that to rent. Then I’ll still need to find 400 rest. As far as the credit cards, they mark your credit after 30 days, so I haven’t paid any yet. I received a gift from my parents, thanKs, of $784 to pay all but smalls debts that are $180 that I’ll pay out of how much I have left, which is less than 5. Then I have regular bills northwestern T-Mobile geico $320 I have to pay but they can wait maybe. However, I think my food is covered because I applied for cal fresh and I think I will At least have that which is good and health insurance. Even when I start the job for the first 3 weeks is only 15 an hour, then commission starts, I’m going to be running a deficit for another month...or two, but I’ll get by. All that matters is progression, correct? +This post is created after a discussion in Discord about swing trading yesterday. I pointed about a fund run by some body I admire a lot there. Jim Simons founded Medallion fund in 80s and ran probably the best fund ever in terms of returns. It gave a return of around 66% CAGR in 3 decades from 1988 (Before fees) and 39% (After fees) and this is done at a larger scale of deployed money. Basically if Jim Simons is Bradman, WB is some body like Goutham Ghambir (not even Tendulkar). Jim Simons is such a talented mathematician and did so much before entering financial markets that I consider this fund not even the best achievement of his life. + +Any way coming back to topic, There are two types of people in the market. Those who vouch for finding best companies and invest in them and those who vouch for trading (Swing trading, derivatives etc.). The first approach depends on a company growing over time and second approach is a zero sum game. Net gains of all traders should be zero. I have no proof for this but after looking at multiple real port folios that is what I believe. + +Now how does Medallion Fund makes money? It is pure trading fund based on algorithms. Positions are taken and closed rapidly - some times even with in seconds. Basically for Medallion fund, the market is a casino. Looks like a win for trading. + +So from where do the fund make money from? They had an internal study some time back. Their finding basically says, the fund do not influence long term movement of stocks. In other words the money they make from is not from long term investors, not from growth of companies. They make money wholly from fellow traders. What this means is the billions they made are lost by other traders. Medallion fund is well known for it's success but there are even more such funds. + +An individual trader is competing against these people. Each of these kind of funds have an army of best minds of current generation. Individual traders are competing against this. Even if that person is among the most intelligent, the competition is against a hive mind. And if we assume trading is zero-sum game, the out come would be obvious. + +Too many people (I am included) are lured towards trading. Definitely at the beginning of their financial journey and too many people lose money. **Frankly I don't know any individual who made money in trading and more importantly any body who have strategies to scale that operation.** + +That is the reason I think, an individual should never trade. If interested at least form a team of geniuses (Interest is not substitute for genius) and then only try. +33M, NW: 2M USD, DINK. Annual household income: 400K USD + investment income of 100K USD. + +Targeting to retire at 40 with hopefully 6MM - 8MM net worth. + +Just wanted to see if there are any “non-west” stories worth sharing on fatfire? For example I am originally from Philippines, moved to Singapore (higher pay, lower tax) and work in fortune 500 non tech company before I want to fatfire retire back home when I hit 40. Cost of living is generally lower so 5MM exc primary residence should be sufficiently fat. + +Just curious how many people in the sub have similar stories/backgrounds! +I’m fairly involved with managing a few portfolios and providing financial advice apart from work. There are times every once in a while when I get extremely exhausted with markets with every Tom, Dick and Harry having an opinion on everything, TV pundits and analysts having opposing views etc. + +Time like these, I have a strong urge to just take pause from research and markets while I regain my attention. I usually just stop doing research, dig deeper into lighter books and news and let my passive portfolio do it’s thing. + +Is it just me who’s prone to this market fatigue or are more of you out there? How do you cope with it? +I’d be interested to see if anyone familiar with the fund can convince me otherwise. Keep in mind: we’re analyzing from the POV of a young person (mid-20s) with an above average risk tolerance. + +Even if your ultimate goal is high income, you’d be better off investing in growth until the moment you want to retire and then moving your capital gains into QYLD as compared to reinvesting QYLD dividends along the way. + +While I’m here, I can’t imagine that QYLG is a good product for any sort of investor…it straddles a middle ground between 2 completely different strategies. +Just a heads up, if you were looking for a call to action to make your voice heard: THIS IS IT!! + +&#x200B; + +The staff at the SRO are not stupid, if anything they are conniving and know exactly what they did. + +&#x200B; + +Take the time this weekend to jot down how you feel about these rule changes. Participate in the regulation of YOUR financial markets. + +Dr. T and others are correct, the best way to get the word out is to comment and to make them acknowledge how retail traders feel about proposed rule changes. + +&#x200B; + +Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, +My wife and I have a toddler who is 16 months now. My family have been pressuring us to take him to Disney World in Florida pretty much since he was born. Growing up my family and I went to Disney World pretty much every year. We can afford to go, but I just feel like the amount of money for flights, lodging, park tickets, food, etc... is going to be completely wasted on a young toddler. Also, we want to save the vacation time for future children in the near future. I was thinking when he's 5 years old or more would be more enjoyable. + +We have the goal of being able to comfortably retire at 40 if we choose to, but when I tell my parents that I feel like they find it silly, and maybe even selfish. We do a lot of fun outdoor activities with our kid, and spend plenty of time with family. I'm proud of our lifestyle, and I think we focus on what is important and it doesn't even feel like any kind of sacrifice, but I feel a little bit guilty for not traveling with him yet and I feel like the pressure is increasing. + +Has anyone else faced this pressure? How did you deal with it, and how did it turn out? +Hey all. I’m new to ETF investing. I’m wondering if you try to time your buys with ETFs much or are you not as concerned due to the length you’re planning on holding your positions for? +My boyfriend and I are planning a trip in January 2023 and have set a challenge to each other for maximizing growth on $1000 USD. I have been debating between several options of what to do: + + +1. Crypto (BTC) - unstable in the short run, potentially a good growth to cash out end of the year +2. ETF (VOO) - stable +3. Stocks (MSFT, APPL, BRK B) - The world is opening back up and I'm weary of a market crash popping the inflated stock market bubble +4. A friend has recommended the game Upland, but I have no experience in it + +Does fellow redditors have other advice or suggestions? +I'm saving for a house in Germany, putting aside 2000 a month for the next 5 years + +Putting in a bank is going to be safest but negligible interest. + +ETF's sound good but there is some risk there. + +Also considering a 50/50 split on the above + +How would you invest this? +I've traded options for a couple years, mostly using theta decay strategies (the wheel, sometimes OTM spreads) and rarely buying far OTM calls and puts as lottery ticket plays. I've never done much with ITM options outside of buying them for leverage using LEAPS. + +Here's my thesis: + +I want to make an outsized bet that there will be some black swan event soon that could send the market toppling, or that inflation will start to get out of control fast and JPOW will do a 180 and go Paul Vlocker on this party and brutally murder the bull. + +In the event of raising interest rates or a sudden and severe downturn, I suspect zombie companies will start to blow up left and right. The HYG ETF is comprised of junk bonds, many of which are companies I would consider teetering, especially if we have a rapid onset recession or rapid interest rate increases. + +I was looking into selling ITM call credit spreads as a way to short the fund, with limited loss potential and without having to payout the dividend, pay borrow fees, or margin interest like I would if I was directly short. + +Looking at specifically selling the $70c and buying the $88c for as close to $18 a spread as I can get. Experation can be variable but I'm looking for in the next 6 months. + +Let's say I'm able to sell this spread for $17.95 and I sell 1000 of them. That's $1,795,000 in premium collected. If HYG collapses below $70c before expiration most of the intrinsic value will evaporate and I can close anywhere between break even and a $ million + payday. If I'm wrong I lose $0.05 ($5 per contract) per spread plus commission costs. ($5000 + $1300). So for a max loss of $6300 I could potentially make up to $1.7 million by shorting junk bonds when everyone is uncertain of the future. + +The only risk I see is if I get assigned early, I'll have to exercise my long leg early to cover the short created on my assigned short call. Even in this case I only lose $5 per contract that gets assigned early on me. + +The other "risk" I see is there's no way I can get filled that close to the risk free rate. ($18 a spread between $70c and $88c) maybe I'll have to adjust to $17.90 in which case max loss is $11,300. Or $17.85 where max loss is $16300. + +So long as I can get reasonably close it seems like an absolute insane payout for just taking on early assignment risk. + +What am I missing? + +Am I really that likely to get assigned early on my short $70c leg? + +Any input would be greatly appreciated. +When Shill Sniffing Dog first came on the scene, he(she?) seemed like a great ally in the GME MOASS saga. He would bark at shills and call out the bullshit. He quickly endeared himself to the masses of apes by feeding our confirmation bias in a way that was amusing. + + + +Recently, though, he has taken a turn toward pushing QAnon-level conspiracies. He tweets cryptic messages and makes references to reddit user Rat10@Bl3550n5 (codifying the name in case it leads to auto-ban) who had also been creating a conspiracy stir. On top of that, Shill Sniffing Dog has started using the hashtag #GOODERTOGETHER. This sounds a lot like #WWG1WGA (Where we go one, we go all), the calling card of the QAnon conspiracy group. He makes mention of the "cabal" several times, which is another QAnon red flag. + + + +I believe that Shill Sniffing Dog is an attempt to infiltrate the apes in order to gaslight everyone. Most GME holders are sane, intelligent people who are invested in GME as a calculated move. When an endearing character who seems to be a central player starts to spew nutty conspiracy theories, it makes intelligent people question their own sanity. It makes people start to wonder if they actually got caught up in one big conspiracy theory. It makes people start to question everything. Where does the good DD end and the conspiracy bullshit begin? + + + +Don't get wrapped up in the conspiracy bullshit. + + + +This is all you need to know: + +**GameStop is heavily shorted.** + +**All shorts must cover.** + + + +Everything else is just noise. + +Edit: grammar +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! + +Finished the year off strong with $533 in dividends from December. + +A little about me. I’ve been a long time growth investor, but switched my focus to dividends in 11/2019. +I didn’t sell my growth investments, just poured new money into building positions that paid dividends. + +That focus only lasted a year.. but I still take enjoyment in tracking and growing dividend payouts. +Currently, I am deploying my money into Crypto, Growth (Tech stocks), and Dividends. + +In 2020, I only received $1137.04 in dividends. +In 2021, as the title states I received $3245.05 +This new year of 2022, I foresee at least $5000. + +- - - - + +Here’s a break down of my highest paying positions from the past year. + +QYLD (Global X NASDAQ 100 Covered Call ETF) - $448.45 + +FBGRX (Fidelity® Blue Chip Growth Fund) - $215.76 + +SPHD (Invesco S&P 500 High Div Low Volatility ETF) - $210.92 + +O (Realty Income Corp) - $184.99 + +NUSI (Nationwide Nasdaq-100 Risk-Managed Income ETF) - $175.89 + +JEPI (JPMorgan Equity Premium Income ETF) - $113.02 + +RYLD (Global X Russell 2000 Covered Call ETF) - $104.96 + +- - - - + +Positions that I’ll focused on + +BST (BlackRock Science & Technology Trust) + +BSTZ (BlackRock Science and Technology Trust II) + +COST (Costco Wholesale Corporation) + +ABR (Arbor Realty Trust, Inc.) + +- - - - + +Can’t wait till Money to max out both my Roth IRA & HSA to keep growing! + +Happy New Year! +Hi all. Yes. I am one of the goons that sold all of their shares in airlines due to the Buffet effect. + + +Still at a short term glance, it seems the airlines are starting to get back their very much needed summer air travel sales. And I can’t help but get FOMO with all the returns I would’ve seen if I would’ve simply held on to my LUV shares. + +Full disclosure - I was taught when I first started out with investing to NEVER try out outsmart the gurus. If they sell a lot of their shares at once, it usually means they know something you don’t. Considering they have financial advisors and investigators when most small investors only have their eyes to go off of. + +It may be too early to tell, but is it time to stop analyzing every single move Buffet makes? If I would’ve just stuck to my guns I likely would have had very healthy returns on my airline investment. I just felt forced to sell at the time since Buffet’s portfolio has such a huge effect on the market. Thoughts? +Opinions are my own, do your own DD. + +QYOU is a media company with an international presence + +With the upcoming earnings report, I believe that this is the perfect time to dip into QYOU. + +The catalysts are set up perfectly and with the insane team managing them, this is going to the moon. + +&#x200B; + +[https://finance.yahoo.com/news/correction-source-qyou-media-inc-155500920.html](https://finance.yahoo.com/news/correction-source-qyou-media-inc-155500920.html) + +They recently closed a deal that will be hugely beneficial and sets up the company for a great start for 2021. + +&#x200B; + +[https://ca.finance.yahoo.com/news/iiroc-trade-resumption-hhs-170100325.html](https://ca.finance.yahoo.com/news/iiroc-trade-resumption-hhs-170100325.html) + +Their India branch recently hit record numbers showing that growth in that sector is about to explode. + +&#x200B; + +&#x200B; + +[https://www.sedar.com/DisplayCompanyDocuments.do?issuerNo=00010753&lang=EN](https://www.sedar.com/DisplayCompanyDocuments.do?issuerNo=00010753&lang=EN) + +&#x200B; + +Here is a link to their Sedar filings. If you are interested. + +&#x200B; + +QYOU is on the cusp of breaking out, and in my professional retarded opinion I think now is a good time to go in. The catalysts are in place and we on the way to the moon. +I mentioned a couple times on this board about having some issues with a partnership that I was in. A couple members on the board asked me to share ... well, I'm finally out of it and want to share what I learned. Current NW is $5.5MM. Below is a lot of background on the situation. + +[https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired\_26\_months\_ago\_lessons\_learned\_and\_ama/](https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired_26_months_ago_lessons_learned_and_ama/) + +As a follow up, I mentioned in my original post 3 years ago, I bought into a small business. The last 7 months were pure hell. I finally sold my remaining position and thank goodness I'm OUT. I sold my shares at about 60% of the value but am happy to get out. Really happy! + +The short of it is that having a partner(s) in your business can make your life hell. If you're a minority investor, the majority partners have the right to vote for various things and could pad their own income, or change your role, or just screw the business because they're inept. But, even if you have controlling interest, you might have to buy the person out at a ridiculous price. In my situation, for 7 months, 4 partners tried to force me out because they did not want me to sell to an outside investor, nor did they want to buy me out at a fair price. By design, they made my life hell. And even though the true value of my shares was worth about 3% of my net worth, I nearly took nothing to sleep better so I could stop thinking about these aholes. Although expensive, I finally got a really good attorney and scared them with possible litigation before they came around and paid a decent albeit low price for my shares. + +Details --- + +I bought in and owned 49.9% of the small consumer product goods company that did $300K in sales with +55% operating margins... so the company made +$160K and was growing at +20%. I had 2 1/2 years of a lot of fun and then more business stress than I've ever had. Me and my original business partners (an older couple that started the business) sold 45% of the business to another younger couple. After the sale, I owned 30% of the business, the new younger couple owned 45%, and the original owners owned 25%. Our operating agreement was pretty standard/boiler plate. Unanimous consent to change anything directly listed in the agreement and majority votes for anything else. + +The young couple that bought in are very poor operators, control freeks, and integrity challenged. I spent 20 years at a fortune 1000 CPG company and they spent 20 weeks at our company and believed they knew everything. The male, 52 years old is also a middle manager in finance at a large auto company. The woman is about 35 and a career student. She routinely mentioned her large student loans and her ADHD when we were on friendly terms. About 9 months ago, I finally had enough and announced i was selling my shares and would exit the business. I didn't need this BS, the value was worth 3 or 4% of my networth. To sell to a non partner, you had to have unanimous consent. So, I figured the young couple would want to buy me out. I made the announcement and everyone thanked me for growing the business. I thought my shares were worth about $140K. The young couple offered me $30K. I said NO WAY and said I would look for an outside investor. The older original couple wanted me to sell the new couple because they believed I had "made enough and had enough money". They reminded me constantly that all four of my business partners would have to approve the new buyer. + +After I said NO to the low ball offer, the young couple and the original owners started passing a series of votes to enrich the themselves and reduce the margins of the company. Everything they did in the business was getting paid for and my accounting, finance, and managing contractors did not. Operating profit also drives the value of the business and they believed if they could weaken the margins and interested investors would shy away. The four of them (new and original couples) colluded in passing votes to change my role and their roles in the company as well. There was also standard clause allowing the other partners to kick someone out with cause. That clause said that if a partner did anything that embarrassed the brand or was unethical they could be kicked out. + +They tried hard to set this up. For instance, I made a minor mistake on the business taxes and that was turned into a series of emergency meetings. Luckily, our CPA agreed with me that it was a minor issue and easily corrected. + +After a couple of months I found an outside investor and he happened to be one of the business's passionate fans. He was somewhat friends with the original owners too. I gave him a good deal and he agreed to pay $128K cash for my shares. The partners denied the sale after sending him on cold calling missions and impossible tasks for an outsider to achieve. That wasted a ton of my time and my buyer's time. + +Finally, based on the success of the business and the profits being made the new couple upped their offer to $90K. Of course, I endured a bunch of bs to finally get to closing. + +If you're asking yourself, why would someone with a NW of +$5MM, be so stressed about $125K? The answer is, I really don't know ... I knew rationally, this investment was worth very little compared to my NW. But emotionally, I made this company a real business, grew it, and was getting screwed. I had a really hard time dealing with these aholes. Somehow, I FIRED and ended up in a crazy stressful situation. How did this happen? Getting into business with shitty business partners, that's how. Don't do it ... own 100% and hire out mgrs and contractors. You do not want business partners if you want to ensure your happiness. IMHO + +EDIT - I see a lot of great questions, i will try and answer them all. +I’m 15 and I’ve never had a job. I want to retire early, about 35, I wanted to ask some questions. + +When and why did you become a landlord? + +How much money did you start with? + +What education did you have when you started? + +What job did you have when you started and has it changed? + +How many properties do you own and how did you afford them? - I mean was it savings from your job or from rentals etc. + +Biggest challenges you faced. + +Things you wished you knew before you started. + +And was it worth it, do you have any regrets. + + +I’m hoping your responses will help guide me as you have walked the trail and I’m just beginning. +Any further advice would be appreciated. +# + +basically starting from scratch due to unforeseen circumstances and I just can't wrap my head around getting out of this hole. No job, no skills. I just need some inspiratiin coming from someone at their lowest point.. + +It is 2022, so I would imagine a lot of people at my age would have over 100k due to working for a decade now, have other opportunity of making money from online, have matches from employer and are living frugally. +I think the title basically says it all; we're all aware of stocks that give monthly dividends, and the question is, is there a combination of stocks that would result in you getting dividends every day (or close to every day)? Bonus points if the stocks are good investments and not just trash. + +Edit: I don't intend to invest this way. I'm curious if it's possible. I didn't ask if it's a good strategy or not (hint; it's not a good strategy, because it's not even a strategy), I asked if it was possible. +As cities shut down we are going to see the livelihoods of many impacted. Here’s a few steps we are taking to support our local economy: + +- Buy gift cards for local stores and restaurants you frequent to help them with cash flow + +- Advances (paid through April) for folks who provide us with personal services/home maintenance: landscaping, cleaners, hair dressers, masseuse, etc. regardless of if city allows them to perform services. + +Any other ideas around here? + +EDIT: We've been unlocked! Let's here other ideas people have come up with! + [https://i.imgur.com/0AKDrvE.jpg](https://i.imgur.com/0AKDrvE.jpg) + +\^\^This is the property. It's smack between a big busy street and the freeway directly behind it. + +I know this place, and because of these location defects, the property is at most worth 1.6M, even though it's over 1 acre. + +I can't make sense of it. Did this owner get a reverse mortgage and essentially give her house to the bank? + +She only has maybe 10 years left to live. But the bank is betting 40 years on this property in a bad location. + +What's going on here? +I paid 23$ a day for 2 packs of smoke. 23$...bucks...a...day. After 4 weeks, it's more than 600$ i would have spent on it. + +Proud to be out that unhealthy and pricey habit ! + +*Edit : For those wondering, I'm from Quebec, Canada ! :) This is why it may look expensive for some of you, I don't know if it's about the same price in the U.S or else ? Here I was at 11.50$ a pack.* +Also, what have you learned that massively helped you achieve your goals? + + + +Thank you. + +Quick edit. HOLY SH*T. Thanks for all the comments and upvotes, I’m going to go through all of them and give them a good read and reply. Hopefully some other people learned some stuff too that will help them because I did. Thank you! +Update: I posted a [follow-up](https://www.reddit.com/r/povertyfinance/comments/8c9in2/last_week_i_posted_a_guide_on_making_1000mo/?ref=share&ref_source=link) to this post with more info and added revenue streams. + +Time investment required for these numbers: 30-40 hours a week. Feel free to work less or more. 40 hours a week is only a requirement if you want to make over $1,000 following this guide. + +Tech required for these numbers: A working laptop, a cellphone (in some cases), and an internet connection. Alternatively, just go to the library a few hours a day. + +This is a slightly modified and edited post that I made on another sub. I know that when I was trying to improve my life, working online opened a lot of additional doors for me. I was able to eat when I wanted instead of when I could afford it, I have been able to get my car paid off a little sooner, and have been able to afford more luxuries like taking the wife out on weekly dates. + +Working online is something that pretty much anyone can do. If you are already browsing Reddit, you have the tools to make additional income. I am including payment proof as well as direct links to all of the sites, so everyone can see that it is actually possible and get started today. These are all legit sites and I have not been scammed or jipped by any of them for any amount. Feel free to do your own research about their trustworthiness if need be. + +This is by no means a comprehensive guide to everything you can do online to make extra cash, nor is this really that impressive a number to make. This does not include some of the more well known sites like swagbucks or earnhoney, as I just do not like them that much. It does not include sites like Rat Race or Appen. It also does not include tutoring Chinese kids with some of the well known sites. This is more a quick overview of how I personally boosted my monthly income by almost $1,000 a month working with six different websites. While I am in America, many of these sites can be used worldwide. Hopefully someone can find a new revenue stream through this write-up. + +The times I have invested vary greatly, from one or two hours a day to well over 12 hours a day. I average somewhere around $6.25 an hour (admittedly never giving it 100% attention), but to me that is better than making nothing an hour. While it may seem excessive some days, I actually enjoy making money and I do some of it while I am at my day job, so it has become more of a time filler than actual work. Everyone will have their own experience but these are what have worked the best for me, either in time investment or having a little fun along the way. + +**Prolific.ac** ([$120](https://imgur.com/LJBrl0O)): Based in the UK, this is one of my favorites because they pay in Great British Pound (GBP) which is the equivalent to 1.4x the USD. Prolific is similar to mturk in that all you do is fill out surveys. Pay is better than mturk, but the availability of surveys is not as great. The initial questionnaire you have to fill out is a bit long taking me about 20 minutes, but ensures you qualify for every survey they show you and will never get disqualified for not meeting the demographic. You have to hit £5 before you can cash out, but you get this after a few days of watching for surveys. Leave it open in a tab and check it throughout the day. I wish I could do this one all day because the pay rocks, but I only see a few a day. They pay out in PayPal anytime you request it and have a balance of over £5. [www.prolific.ac](https://www.prolific.ac/p?ref=O8LEJ7R6) + +**Mturk** ([$2,400](https://imgur.com/1EPHq64)): This is by far the one I spend the most time on and has been the best earner. This site lets humans perform small tasks that robots still cannot do well. It is owned by Amazon. Downside is there are slim pickings on weekends and when colleges are out on vacation. I typically stick to surveys, but once in a while do batch jobs which there are more of. You have to wait a week for your first payout, which will go to an Amazon payment account. You can the get payouts one time per day after that. Approval for mturk can sometimes be a pain in the ass, almost impossible if you are not from the US, but is definitely worth it in my opinion if you can get approved. www.mturk.com + +**Respondent.io** ([$1,300](https://imgur.com/a/ITb6G)): This site allows users to screen for online or in-person surveys and focus groups. The pay is amazing, easily averaging $125 per test. I only average getting approved for the groups about 10% of the time (I have filled out about 200 screeners and have been selected for 20 studies). Thankfully, each screener only takes me a few minutes to fill out. I have made up to $200 with one hour of work doing an in person focus group. Most focus groups are done through webcam, so you don't even have to leave your house. They payout via PayPal 7 days after the activity is complete. [www.respondent.io](https://app.respondent.io/r/7%20secondman-6cf3dc2d701d) + +**Usertesting** ([$600](https://imgur.com/sxUwXW8)): This site allows you to review new websites and apps. The pay is usually $10 per recorded test lasting 10-15 minutes. Sometimes the pay is more, but never less. I average a few tests a week. Some weeks I will get a dozen tests, other weeks nothing. This one is great to practice your feedback skills, which open up a lot of other doors. Pay is through PayPal, one week (to the minute) after the test is complete. www.usertesting.com + +**Redbubble** ([$60](https://imgur.com/wobuyuz)): After getting rejected by merch by Amazon, I came here. You design and publish t-shirts, clocks, mugs, phone cases, and about 20 other mixed products, with each sell netting you a few bucks. They are based in Australia, and do pay-outs once a month on the 15th via PayPal. I have only been at this one for about two months, but see the potential it has. It also takes a good amount of upfront work before you see any dividends. You do all of the uploading and just wait for people to find it with keywords or searches. Great if you are artistic or know how to use any creative software. www.redbubble.com + +**PlaytestCloud** ($150): This is just simple game testing. It is super fun, very quick, and you get to test new games before anyone else. They send you tests for different listed devices, you download the game file, and they record your screen. The only issue I have with this one is that you are only able to test 3-4 games per month, at $9-$11 each. Paid almost immediately after each test via PayPal. No payment proof available as it is not all saved in one place. www.playtestcloud.com + +**Reddit subs**($400): From test driving cars, to doing homework, to rating businesses, these subs have been a catch all for when I have any extra time to go through them. Honestly, this has probably been the third best pay per hour of work out of everything, after Respondent and Prolific. I just wish there were gigs to find all day. Be careful not to get scammed here. Some people are just... something else. + +Check out r/beermoney, r/workonline, r/slavelabour, and r/jobs4bitcoins. + +Well, that is all I have for now. I hope someone can get something from this. Feel free to share any other revenue streams you may have and feel free to ask any questions you may have. I will answer the best I can. + +Edit: This isn't a get rich quick scheme. And it isn't a way to make anywhere near minimum wage online. This post if for people willing to sacrifice free time to make a few extra bucks. + +Edit II: Holy fuck, I get it. A second job would pay better. This is for people who want extra money without having to get a second job, are confined to their house for whatever reason, have unusual hours free, or for people (like me) that prefer making a bit extra sitting around in their underwear eating cereal not having to deal with other people. + +Edit III: I still understand a part time job will pay way more than this. If you would rather have a part time job, or deal with the stress of deliverables and bosses, have at it. Please stop. + +Edit IV: u/gordigor did an [excellent write-up](https://www.reddit.com/r/povertyfinance/comments/8asxdk/its_possible_to_make_an_extra_1000_a_month/dx25udg?utm_source=reddit-android) on a more passive way to earn around $50 a month. +I hope this is in the right place. + +&#x200B; + +I spoke with an employee via phone at my local LA Fitness about cancelling my membership 4 months ago. I am a month to month member and she told me I could cancel via email and to send it to a specific manager in XX department. I did so and I believed I have cancelled. I got a new credit card number due to fraud and now I'm getting calls everyday from LA Fitness saying I've missed my payment. 6 days in a row I'm getting these calls. The first time I spoke to a young lady and explained what I had done, how I followed instructions and cancelled the account via email and she acknowledged that was in the notes and she would have a manager call me to reimburse for the last 3 months (Yes, they continued to charge me) and to confirm my cancellation. Problem is everyday they call back (from a different phone number), it's a different person, with the same story ... "You've missed a payment, would you like to update your card" and I have to explain and they apologize and say the manager should call the next day, except .... + +&#x200B; + +Today when they called he said I couldn't cancel via email and that my account was still active. What is the best approach to get this situation fixed? + +&#x200B; + +EDIT: WOW! This is the first time I've had a chance to check on this post since yesterday and it's completely blown up. Thank you all for your responses, I will be reading through everything and will update on what path I take and the outcome. Also, thanks for the gold internet friend! +# tl;dr + +# → I ape. I worries dey will no have monies for me. Do ape sell early before they run out? + +# → Nope! + +# → if theys runs out of monies to pay you, FED monies printer go brrrrr to pay you. Ape no need to worry about selling too soon. + +# → Ape should be prepared to ignore 'better sell now while dey still have monies' FUD as GME moons. + +&#x200B; + +Greetings apes, 4urkers, shills - thanks for taking the time to swing by. A bit more in-depth information for those looking to gain wrinkles as to the roles I think the FED and the various DFMUs (DTC, OCC, etc.) will play out when our rocket launches! + +&#x200B; + +Typed this up with the following goals in mind: + +* Educate apes on **what DFMUs are**, +* Offer context on **how the FED and other regulators view DFMUs**, +* Present an argument **as to why the FED will bailout DFMUs**, +* **Pre diffuse the potential FUD vector** of, "*you better sell now before they run out of currency*", +* Give something back to the community that's given me so much. + +&#x200B; + +# ...so to get started... + +# + +You probably are already familiar with the DTCC, [The Depository Trust & Clearing Corporation](https://www.investopedia.com/terms/d/dtcc.asp), [Cede and Company](https://en.wikipedia.org/wiki/Cede_and_Company), and the NSCC, [The National Securities Clearing Corporation](https://www.investopedia.com/terms/n/nscc.asp). + +&#x200B; + +What you may not be as familiar with is all the above entities are considered [Designated Financial Market Utilities](https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm) (DFMUs) by the Federal Reserve in addition to a few others who (I personally believe) will become relevant as our saga plays out, most notably the OCC - [the Options Clearing Corporation](https://www.investopedia.com/terms/o/occ.asp). + +&#x200B; + +The reason DFMUs matter is the [Financial Stability Oversight Council (FSOC)](https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc), established by Dodd-Frank, considers these entities to be *"systemically important"* as *"a failure or a* ***disruption to the functioning of an FMU could create, or increase, the risk of significant liquidity or credit problems*** *spreading among financial institutions or markets and thereby threaten the stability of the U.S. financial system...",* emphasis added. + +&#x200B; + +The practical impact is if a DFMU, say the DTCC or OCC, fails \[read: runs out of currency\] to provide final settlement \[read: payment\], the FED will backstop them and supply them with whatever liquidity is needed...this last bit is the money printer going brrrrr at speeds not previously thought possible. [Joseph Wang](https://fedguy.com/), a former FED insider, confirmed as much recently. + +&#x200B; + +*→ backstop?* + +*→ liquidity?* + +...but can you say that in ape? + +&#x200B; + +Imagine a squeeze kicking off a domino effect where the villainous \[naked short\] markets run out of monies before they buy back their shorts. + +Their primary broker becomes the bag holder of the \[still naked\] short position and then let's assume they too run out of monies before they can buy back their shorts. + +The still-naked, still-not-closed, and still-needing-to-be-delt with short position rolls up to the DTCC meaning the DTCC is now on the hook for closing out the short position. + +Now assume the DTCC *also* runs out of monies before being able to close out the short position...or said slightly differently...the DTCC has run out of ~~monies~~ *liquidity* to ~~close out~~ *settle* the ~~bag-o-massive-shit~~ *liabilities* which it now finds itself holding. + +This is where the FED (presumably) enters the picture. The FED ~~prints~~ creates ~~monies~~ *Bank Reserves* to ~~bailout~~ *backstops* the DTCC by providing it with an asset (the Bank Reserves) which in turn provides the DTCC with the *liquidity* needed to *settle* its liabilities. + +&#x200B; + +Thus if an ape wisely asks, *"what happens when/if the DTC goes broke"*, the simple answer is **the Federal Reserve will presumably supply them with the required liquidity to settle their obligations** as the FED possess *both* the means (Bank Reserves → DFMUs FED accounts...more on this in a sec) and, I would argue, the mandate to guarantee the DFMUs solvency due to their critical place in the market ecosystem (Dodd Frank's FSOC designating DFMUs as systemically important). + +&#x200B; + +# A Quick Review + +&#x200B; + +1. GME Mooning +2. DTC / OCC / etc. exhausts liquidity; teeter on the precipice of failure +3. FED creates Bank Reserves, deposits newly created reserves into DTC / OCC / etc. accounts at the FED +4. DTC / OCC / etc. uses newly created Bank Reserves (brrrrrrrrrrrrr!) to pay apes +5. tendies enjoyed +6. hedgies r fuk (they were always fuk, but now even more so) + +*(For those banking nerds out there DFMUs have accounts directly with the FED meaning the FED can conjure up their only product:* [Bank Reserves](https://www.federalreserve.gov/aboutthefed/section19.htm)***,*** *a wholesale currency not spendable by us real apes in the 'real' economy, and deposit the newly minted Bank Reserves onto the Balance Sheet(s) of the failing DFMUs. In turn, the DFMUs can use this newly created liquidy to pay out apes by transferring into the commercial bank system \[i.e. your bank/brokerage account\] in return for apes' GME shares. In essence, the FED would use the DFMUs to "launder" bank reserves into the real economy as the bank reserves would then be transferred by the DTCC to the commercial bank system as an asset to offset the liabilities of the increase in customer bank deposits arising from the proceeds of the squeeze. The net effect is what was once unspendable by apes in the real economy becomes spendable with the failed DFMU acting as the modus operndi to facilitate the monetary alchemy transforming Bank Reserves → Spendable-by-Apes-Commercial-Bank-Liabilities. If apes want a more in-depth explanation of exactly how this works let me know, but for purposes of this thread I think this captures the salient points.)* + +&#x200B; + +# I believe there are two important takeaways from this: + +# + +1. **While other factors may constrain a ceiling on how high GME can moon, DFMUs going broke is NOT one of them.** +2. **Help apes avoid falling prey to the** *"omggggg must sellz now b4 they go broke lmaooooo!11!"* **psych FUD once MOASS kicks off.** + +&#x200B; + +# Lastly for our option degens... + +&#x200B; + +The Options Clearing Corporation (OCC) is the central counterpart for all options in the US. As such the OCC, backed by the FED and as a designated systemically important entity, will be backstopped by an unlimited amount of newly-issued-FED-Bank-Reserves. + +&#x200B; + +**One should also note while the FED can issue bank reserves en mass, it cannot issue GME shares in mass. Fundamentally banks,** ***even the FED***, **are constrained if they are on the hook to deliver something they are unable to create, and the FED cannot create GME shares.** + +&#x200B; + +Therefore should a situation arise where option owners exercise their options for GME shares in excess of option market makers' ability to supply GME shares, the option market markers will fail and their obligation will roll up to the OCC. + +&#x200B; + +This in turn will force the OCC, and then the FED, to use the only option at their disposal to source the GME shares: raise the bid to ***whatever*** level is required to acquire the necessary amount of shares...effectively pitting the FEDs money printer directly against diamond hands. + +&#x200B; + +**Remember Heath Ledger's Joker's line in the Dark Knight?** + +"*This is what happens when an unstoppable force meets an immovable object*.”...think that. + +It will be quite a sight to see, I think. + +&#x200B; + +# Questions / Answers + +# + +*"I've DRS'd my shares, do I need to do anything with this?"* + +**→ No, you're already out of the system and the shares you own are not an IOU.** Should you decide to show mercy and sell one of your many shares for $69,420,471.69 via CS, you can do without worrying about actually getting paid when the trade goes through as the FED will underwrite the relevant DFMU. + +&#x200B; + +*"I've got some shares still in a broker for \[reasons\], do I need to do anything with this?"* + +**→ Probably not. Leaving shares in a broker exposes you to broker counter-party risk** \[i.e. are 'real' shares in your account or IOUs\] which is outside the scope of this DD. However, **I would GUESS the ultimate settlement of your IOUs → real GME shares will be guaranteed by the relevant DFMU (NSCC, I think?), which is in turn underwritten by the FED.** DRS elegantly solves this issue by completly sidestepping the counterparty risk vector but for those apes where DRS is not feasible, it is a net plus DFMUs are designated as systematically important. + +&#x200B; + +*"I'm an international ape and I got some shares still in a broker for \[reasons\], do I need to do anything with this?"* + +**→ UNKNOWN.** I lack the knowledge to offer insight here. + +&#x200B; + +*"Okay...so you're saying the FED will basically bail out GME holders. Yeah, not buying it."* + +**→ It's not so much the FED is bailing out GME holders as it is bailing out the existing system to try and save themselves.** + +Apes should always remember a key maxim when trying to predict outcomes, particularly when it may touch the political realm: ***"Preferences are optional and subject to constraints, whereas constraints are neither optional nor subject to preferences"*** \- *Marko Papic*. + +GME mooning will NOT happen in a vacuum and the fallout from a squeeze will resonate throughout the entire financial system - and beyond - as 'normal' market participants \[read: the public\] are at first shocked by the perfidy of the sophisticated \[mayo\] players and fecklessness of disgraced regulators once trusted. + +As markets spasms, gasps, and collapses under the weight of Marge's calls an enraged public's initial shock will grow to anger before blossoming to righteous fury as retirement plans, dreams, and hopes evaporate. The wealth illusion created through the asset bubbles in RE, equities, digital assets, etc. vanishing in the twinkling of an eye as [Gresham's Law](https://www.investopedia.com/terms/g/greshams-law.asp) plays out and a mad dash for collateral occurs. Thus the resulting scramble up the monetary pyramid ripping away any illusion of financial security once held by those who thought themselves financially secure. Politicians, fielding enranged calls from constituents demanding answers, will publically call on the FED to do whatever can be done to stop the hemorrhaging - and more importantly - placate an enraged public who'll be on the verge of calling for blood. + +**THIS is just PART the backdrop of what I assume will COMPELL the FED to act.** There are dimensions beyond economic (e.g. political, social, geopolitical to name a few) and I am not dumb enough to even hint I know all the twists and turns our saga will take. **But I do believe it will NOT the FEDs desire to do right by GME holders - far from it! - rather the FEDs desire to maintain their credibility, backed by terrified politicians desperate to shift blame from themselves and placate a newly impoverished electorate, that will in (large?) part constrain them to act out of their own sense of selfishness and/or self-preservation.** + +&#x200B; + +*"So this is going to be easy-peasy? Sweet. Why didn't you just say so?"* + +**No, far from it.** The entire system risks an extinction-level event here. This means **\[potentially illegal\] actions perhaps once considered too risky are suddenly 'on the table' as now the risk of NOT doing them is nothing compared to the FAR GREATER risks around an extinction-level event**. Truth be told I do not know how this will play out but I'd hazard a guess and say neither "easy" nor "straightforward" would be applicable to the endgame. Consider the SECs / Gary Gensler's recent tweet about the SEC freezing securities for up to 10 business days (...about two more weeks...) as an example of the craziness which may transpire as this sorts itself out. + +The takeaway is just as you've steeled yourself in face of the dips, **you must also steel yourself in the face of the rips and FUD** (e.g. the SEC is going to shut it down, they're going to run out of money, Reddit kicked offline, "financial terrorist cyber attacks", etc.) which will kick into overdrive as we liftoff. + +&#x200B; + +And lastly, if reddit does go dark (and expect it to) remember this: + +1. **First they ignore you,** +2. **then they laugh at you,** +3. **then they fight you,** *\[we are here\]* +4. **then you win.** +5. (optional) consider seeking medical attention if your tits remain dangerously Jacque'd. + +&#x200B; + +# Other relevant posts / work cited of sorts that helped to inspire this post: + +# + +[GME is fundamentally a value play. If the excessive naked shorting theory is true, then it's a squeeze play. If the government interferes with MOASS, then it becomes a store of value play.](https://old.reddit.com/r/Superstonk/comments/sd2syw/gme_is_fundamentally_a_value_play_if_the/) + +[The Goal is NOT to Make You Sell](https://old.reddit.com/r/Superstonk/comments/se3led/the_goal_is_not_to_make_you_sell/) + +[A Positive Hypothesis for the SEC Halting](https://old.reddit.com/r/Superstonk/comments/sfnlb6/i_have_a_positive_hypothesis_for_the_sec_halting/) + +[Government / PPT potentially interfering in the market?](https://old.reddit.com/r/Superstonk/comments/sfm3be/need_more_eyes_on_this_info_plunge_protection/) + +&#x200B; + +Closing remarks - **this is not financial advice and my opinions are my own**. Lastly, I'd like to again thank the community for all the help they've given me over the past year and hope this post can begin to repay the debt I owe. + +&#x200B; + +**But wait...there's MOAR!** Extra credit reading which helped me...maybe of use to other apes looking to gain wrinkles. + +&#x200B; + +|Title|Author|Remarks| +|:-|:-|:-| +|***Layered Money***|Nik Bahatia|Excellent job of explaing a very nebulous concept. Short and packs a powerful punch to improving financial literacy. While Nik's a bit too much of 'digital asset' maxi for own taste, his rundown of monetary history and layout of the Monetary Pyramid is second to none.| +|***Death of Money***|James (Jim) Rickards|In chapter 2 Rickard's goes over his financial wargaming with the government. Good layout showing how a failure in financial markets can resonate beyond the economey.| +|***The Road to Ruin***|James (Jim) Rickards|First half of the book discusses how the financial system can be frozen via Rickard's 'Ice-9' metaphore. Concept echoed by GG/SEC tweeting about suspension of specific equity trading. Rouch roadmap sketched by Rickards outlining how 'the powers that be' may react to financial armageddon.| +|***The Fourth Turning: An American Prophecy***|Niel Howe and (the late) William Strauss|Short. Easy read/listen. Big picture book describing America through cycles. Written in the late 90's it's been eerily accurate in describing where we are today.| +|***When Genius Failed: The Rise and Fall of Long-Term Capital Management (LTCM)***|Roger Lowenstein|[LTCM, a large hedge fund, almost cratered the entire financial system in 1998.](https://www.investopedia.com/terms/l/longtermcapital.asp) Same BS as today...but set in the late 90's with an Ace of Base background. Many of the current players in the GME saga were also intimately involved in LTCM (e.g. Gensler was Assistant Secretary for Financial Institutions from 1997 to 1999; Rickards was LTCM's lawyer, etc.)| +|***The Storm Before the Calm***|George Friedman|Like the *4th Turning*, this is more 'big picture' and while there is a focus on geopolitics from the US perspective, a large part of the book - and the cycles Friedman IDs - tie into the financial aspects.| +Hope you enjoyed this fun ride. I will post some more fun cc stuff. Any questions or concerns please call our customer service at...... + +https://preview.redd.it/cl9lvle8wuu71.png?width=1504&format=png&auto=webp&s=86b38edcdd2e722e0cf3ab7232deb38564017cbb + +https://preview.redd.it/4we3ole8wuu71.png?width=1574&format=png&auto=webp&s=f8d13a38bb1d146329173d598cf7ac177e54284c + +https://preview.redd.it/rhsl9ne8wuu71.png?width=1426&format=png&auto=webp&s=0efde51f7638100146d998b79248f91041f44dab +I know it's hard to do nothing while waiting for something. It gets boring and we look for things to signal what's coming or what's not. + +In all seriousness.. just HODL. + +Go outside. Ride a bike. Hug your kids. +I just bought a telescope for my family so I'm SUPER pumped about that. + +Don't forget to enjoy life while waiting for great things to happen. If you spend every second analyzing everything, it will cause more FUD than the media could ever hope for. + +Watch a movie. +Smoke a bowl. +Stay zen. + +I love this sub. +Just a weird experience and I wanted to see if anyone had any insight. + +We are out of state investors. Partner and I used a contractor to fix up one unit in our first quad and while we didn't love his work, decided to use him again on a duplex we were taking down to the studs for a remodel. He started the job in February and things seemed to be progressing well until June or so. All of a sudden it seemed like the update videos didn't change much. He mentioned on a few phone calls that there were lots of delays with COVID and some of his guys weren't working. He was also having trouble getting inspections done, again supposedly because of COVID. + +3 months later with little to no progress I started leaning on him a bit to get explain. He again blamed COVID delays but also said he couldn't find a reliable plumber to coordinate with the plumbing inspector. At that point I started mentioning that if he can't get it done to just let me know so I can find another contractor. + +He supposedly found someone to finish that plumbing up and then I asked him for a new schedule/budget to finish our the project. He promised he'd get it to me a few times and then dissapeared. No answer to texts or calls (I was doing one call daily followed by text instead of voicemail. 10 days go by and I let him know today that I'm looking for a new contractor and just wanted to confirm the code for the lockbox. He responded immediately with the code and said he'd have his guys come pick up their tools. + +I asked if he wanted to talk about what happened. He said "it doesn't matter" and "I don't want to argue and damage our relationship" (that one's a mystery to me since I'm not sure how the relationship isn't damaged at this point). + +I asked if all the work I paid for was done... And he's responded "I don't make any money until the end of the job. I have more into the job than I've collected at this point." And added her likely wouldn't have made anything money on the job. + +So is that what happened? Did he do the math and decide it wasn't worth continuing at the quote he gave me? It's not as though I haven't paid for overages on other jobs. I feel like that's just par for the course when working with contractors. + +Has this ever happened to anyone? + +Edit: to be clear, I was paying him for materials and labor as he needed it, so assuming he did all the work I paid him for I may not be out anything but time. +Good morning, everyone! As we kick off today's premarket, I'm here as a smooth brain to highlight why I believe tomorrow could be something to remember. Launch? Maybe not. But many signs point toward *something* being announced this week + +# Let's blow through some prerequisites + +* GameStop launches [NFT.GameStop.com](https://nft.gamestop.com) with the teaser "Change the Game" and a [crypto wallet address](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) +* GME token set to launch internally on [July 14, 2021](https://www.reddit.com/r/Superstonk/comments/nkzfst/gme_token_confirmed_for_july_14th_2021_1626261600/) +* GameStop teases 7/14/21 in online [Runner Game](https://www.reddit.com/r/Superstonk/comments/obv80f/in_the_bananya_cat_runner_game_on_gamestops_nft/) +* Ryan Cohen tweets a picture of himself at a GameStop located next to the store ["Tuesday Morning"](https://i.redd.it/wzet0v1ktdg71.jpg) (this is when I start to feel ridiculous) +* GameStop announces in their prospectus that [they can issue “individual securities” in exchange for our registered shares within 90 days](https://www.reddit.com/r/Superstonk/comments/pu6q9a/gamestop_spelled_out_what_happens_when_we/) if they so chose (credit u/ [cntry82txn](https://www.reddit.com/user/cntry82txn/)) +* GameStop [confirms NFT team](https://www.reddit.com/r/Superstonk/comments/q3krhr/nft_update_matt_finestone_officially_works_for/) that's been vocal on Twitter as of late (credit u/GoPhotoshopYourself) +* RC and several of the blockchain team members tweet proactively the night of 10/10/21. [RC Tweet](https://twitter.com/ryancohen/status/1447407898905268225), [NFT Spike Tweet](https://twitter.com/nftspike/status/1447372438552076291), [Jordan Holberg tweet](https://twitter.com/eviljordan/status/1447367629002326024) + +# Here's where it gets spicy + +&#x200B; + +[NFtSpike \\"Can you stand the heat\\" 10\/10\/21 \(probably not related\)](https://preview.redd.it/0hmo1q4m5ss71.png?width=562&format=png&auto=webp&s=0d144a7be1b0436ffcb5ae06c93e8f7e6cb26446) + +Get your tinfoil ready because here's what has come to me at 4 o'clock this morning. First, Tuesday morning is the start of NFT Con. [https://www.nftcon.co/](https://www.nftcon.co/) \-- As a disclaimer, I have **no idea** if GME would ever be involved with this. But if there was ever a time for a megaton announcement? 👀 + +>From their website: *"The NFT Revolution happening now and how it is changing our world. A 3 Day Conference Dedicated to Everything NFTs" --* Similarly, the trailer for the event shows "**GAMES. WILL. GROW."** in quick succession + +EDIT: WHOA! NFTCon is taking place in, you guessed it, FLORIDA?! [https://www.eventbrite.com/d/fl--fort-lauderdale/nft/](https://www.eventbrite.com/d/fl--fort-lauderdale/nft/) Are you telling me RC and the team are attending?! The event *is* marketed as the "largest NFT convention." If I was the head of an upcoming NFT marketplace, I'd definitely want to make an appearance here... + +# Moving on, + +While the NFTCon theory is interesting, I jacked myself to the tits with this one. Remember the prospectus (p.15-16) mentioned above? [https://news.gamestop.com/node/18961/html](https://news.gamestop.com/node/18961/html) + +[Page 16 of GME's prospectus ](https://preview.redd.it/gi1ph2f68ss71.png?width=1078&format=png&auto=webp&s=5ce6721c3ebaee29859f032432ab7fcb8b58b954) + +# Let's say the July 14 Bastille Day theories were true. What if RC initiated the 90 day transfer the day the GME token launched? + +[90 days from 7\/14\/21 comes to 10\/12\/21 ](https://preview.redd.it/qslgczmw7ss71.png?width=1090&format=png&auto=webp&s=faa3f0f91f26e3d44bb0d7c4f4c0d610ea0062ce) + +Look. I don't know shit about fuck. But seeing that date pop on my screen nearly made me scream! I'm interested to see if there's any validity to any of this as I'm not the one to break down why this is possible. Could this be it? Is Tuesday the launch date?! Either way I'll continue to buy and DRS my way there! 🚀 🚀🚀 + +TLDR: NFT soon? DTCC fuk? + +edit: While I linked this up top, I wanna shed more light on [u/cntry82txn](https://www.reddit.com/user/cntry82txn/)'s post about GME's prospectus. "**This is it, this is ballgame. We are leaving the DTC and the NYSE"** + +[https://www.reddit.com/r/Superstonk/comments/pu6q9a/gamestop\_spelled\_out\_what\_happens\_when\_we/](https://www.reddit.com/r/Superstonk/comments/pu6q9a/gamestop_spelled_out_what_happens_when_we/) +I entered with 0dte sep 23 SPY calls near the green circle, and exited at the blue circle about 15 min later. Netted 20% profits, but missed out on almost 3x if I had stayed in longer. I feel that while I’ve been timing entries correctly for modest profits, I’ve consistently been exiting too early and missing greater profits for larger momentum plays. Any advice would be greatly appreciated, thank you! +I don’t know who this person is and I’m assuming they sent it to the wrong user. Obviously, I’m going to return it but I just want to make sure this isn’t a scam or something... thanks! + +UPDATE: I contacted Venmo and they told me to just send it back with “wrong person” in the tag line. After reading all of the comments on here I was like yea no I’m not doing that so Venmo manually took it back. No word from the “sender” so hopefully that’s the end of that. Thanks everyone! +At my staffing firm we are practically begging our consultants to work. Employers are paying more than before the pandemic, and sometimes reduced hours and of course tons of remote work (we even give loaner laptops to consultants!). It is truly a candidate's market right now!! + +Do you know you're not satisfied with your current career, but not sure what else to do? Check out the Occupational Handbook (USA): +https://www.bls.gov/ooh/mobile/home.htm OR your local equivalent. I also recommend searching for the potential positions on Indeed, LinkedIn, etc to see what qualifications employers are really looking for in your area. + +Community colleges in your area are likely offering extra scholarships and financial aid due to the pandemic as well!! At my CC, they are still offering almost every class remotely or hybrid, which is great for those of us with day jobs or families to support. Apply and browse their Adult Education offerings, workplace skills courses, professional certificates, and of course regular associate+ degrees. + +You may not even need the classes for some roles that were out of your reach pre-covid. Entry level customer service candidates at my firm who have only worked in food service and retail are being offered roles in offices, or even as managers! These are roles with health insurance, paid time off, and annual salary increases. NOW CAN BE YOUR TIME!! I BELIEVE IN YOU!! + +Edit: I won't name my staffing firm of course, but I can say that here in at least the New England region, the employers we partner with are absolutely offering several dollars more per hour than before the pandemic. For example, data entry roles that were only $12/hr are now $14-15. Call center roles that were $13.50 are now $16. And in our permenant hire division, I have seen comparable increases as well as my firm offering bonuses to those who accept positions and stay at least 90 days. + +Edit 2: I agree with many of you that the economy needs serious overhaul. Further, workers rights and fair wages are something I care about deeply. This post was for those struggling with minimum wage, maybe multiple jobs, etc. who simply need better than what they currently have. + +Edit 3: YMMV. This post was intended for those really struggling to make above minimum wage or to find work with benefits... Those who want to get out of a food service or production line environment. A $2-6/hour improvement may not be much to some, but it's still BETTER and may mean a lot to some followers of this subreddit. +We are aware that ORTEX is displaying a massive spike in GameStop (GME) short interest that is related to an extremely large increase in Borrowed Shares. We are currently investigating and will provide additional information soon. It is likely that a huge amount of stock is being borrowed for reasons unrelated to short selling. +Greetings apes. Hope everyone is well. Not going to waste too much time, so I'm just going to get straight into it. + +&#x200B; + +https://i.redd.it/xl7lrwpnuux81.gif + +&#x200B; + +I have been hearing a lot of talk brewing about an Executive Order and how it can affect GME. This actually has my tits considerably jacked because I've been researching this topic for a while now, so it's promising to see more people are becoming aware of what is to come. Much of what I am about to talk about is pertaining to geopolitics, so I won't go deeply in depth, but you'll get the gist. + +So what the hell am I talking about?.... + +**EXECUTIVE ORDER 14032** + +https://i.redd.it/ky3nfd1quux81.gif + +Well, what is Executive Order 14032? + +In simplest terms, it's an executive order signed by Biden (Originally by Trump in Nov 2020, back then it was Executive Order 13959) that prohibits US entities from investing in military and surveillance related Chinese companies that support the Chinese military. + +That's nice, but what's the big deal, Owt? + +Well, funnily enough, many US asset managers like BlackRock, Vanguard, JP Morgan, and many others have SERIOUS exposure to the Chinese companies that are included in the EO. Those Chinese assets are being used as collateral by these US asset managers. in other words, once their billions of dollars in Chinese assets and collateral become worthless, an old friend of mine named Margy will be making a surprise appearance, and she will want her money. + +&#x200B; + +https://preview.redd.it/hdeix1tuuux81.png?width=1140&format=png&auto=webp&s=dd03dc64f5e13ab5027b3ef2dd2721932629ebf0 + +&#x200B; + +I get it Owt, MM's and other asset management entities are going to lose a lot of money in collateral, but how exactly does that affect GME? + +Well, lets look back at November 2020. + +https://i.redd.it/c3nv5sbwuux81.gif + +&#x200B; + +In November 2020, Trump signed the original EO titled: + +Executive Order 13959 Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies + +This EO basically did what the new amended EO 14032 does, however, at the time that it was implemented, there were far less companies on the sanctioned list. + +[https:\/\/home.treasury.gov\/system\/files\/126\/chinese\_military\_gl1.pdf](https://preview.redd.it/keweijgyuux81.png?width=2880&format=png&auto=webp&s=9b40ec9a30b0b4b710c6e680c52c886c792913e4) + +However, what's important to note is the date. The EO was to take effect on January 28, 2021. + +What the hell happened on or around January 28, Owt? + +Well..... + +&#x200B; + +[GME ATH $483](https://preview.redd.it/vagsw130vux81.png?width=2782&format=png&auto=webp&s=f9533bea155e6b1f4c106fed0617baf6e670730e) + +&#x200B; + +&#x200B; + +[ATER ATH $48](https://preview.redd.it/32uzym31vux81.png?width=2880&format=png&auto=webp&s=7fe7f230639e35863d9a40309ff7d952ac871eed) + +&#x200B; + +[AMC $20](https://preview.redd.it/c2r14a22vux81.png?width=2880&format=png&auto=webp&s=1c96d24f99c9b976c0e16d72585a875680da3599) + +In short, meme stocks ran HARD. However, they plummeted a few days later. + +How come? + +Well, Biden extended the EO and gave the fucks more time to gather themselves from getting obliterated (RIP Melvin Capital). + +Biden ended up extending the EO a few days later to May 27th, 2021. + +&#x200B; + +[https:\/\/home.treasury.gov\/system\/files\/126\/ccmc\_gl1a\_01272021\_1.pdf](https://preview.redd.it/074nisg3vux81.png?width=2880&format=png&auto=webp&s=ae94d45d4bae63e4ef19ef0c4888076fa1249a75) + +Pretty nice of him right? So What happened when May 27th came around? + +lol.... + +&#x200B; + +[GME $344](https://preview.redd.it/1m1enpm4vux81.png?width=2880&format=png&auto=webp&s=926a7051b353da64c3bbd7a51063f7d067dfe76a) + +&#x200B; + +[ATER $21](https://preview.redd.it/2ohc32j5vux81.png?width=2880&format=png&auto=webp&s=ecde207352068b0881b4ad9de09aa1fede15e861) + +&#x200B; + +[AMC ATH $72](https://preview.redd.it/b55rumr6vux81.png?width=2880&format=png&auto=webp&s=83ae755f65e581c7e50edcd85506d7f24b416ab0) + +Memes did what memes do when marge calls. However, Biden once again EXTENDED the EO a few days later. + +Now look, coincidences happen, I won't deny that. However, for some reason, these sanctions love forcing meme stock runs and fucking shorts. + +&#x200B; + +[GME apes vs Shorts](https://i.redd.it/7vz3q6t7vux81.gif) + +Now, what's next? + +As I stated above, we now have EO 14032 coming up. + +When?... + +# June 3rd, 2022 baby + +[https:\/\/home.treasury.gov\/system\/files\/126\/14032.pdf](https://preview.redd.it/91un9hm9vux81.png?width=998&format=png&auto=webp&s=3e3958ebd1a999b3794cf463a5e02ac5c7df10de) + +With EO 14032, there are 70+ companies that have been added to list of sanctioned companies, larger than the amount that were sanctioned in EO 13959. + +Now, why don't I think he will extend it again? + +Taiwan is an ally of ours. Furthermore, they are the world's largest exporter of semiconductor chips. China wants to eventually invade Taiwan the way Russia wants to take back Ukraine. By allowing American institutions to continue to invest in companies with ties to the Chinese military, we are directly funding the efforts to invade Taiwan and speeding up China's efforts in reaching that goal. With the geopolitical unrest currently ensuing in Europe, Biden will most certainly be hesitant to extend this executive order especially considering the economic advantage successfully taking over Taiwan could bring to China. + +**THIS IS NFA** + +However, I have strong conviction that this thing is about to moon to glory in the next month and a half. +After i got banned on CryptoMoonShots for no valid reason, I am currently posting on NextMoonShots instead : https://www.reddit.com/r/NextMoonShots/ + +---- + +I have been putting money in shitcoins since some time, i have so far put money in around 100+ shitcoins both on BSC and in Ethereum. Here's my observation so far: + +- Everyone in it for the quick money, thus be open to losing your money. + +- Get in early, with a small amount, no need to be a whale: I put less than 100$ in one coin when it barely had 1000 holder, now it made me 100x + +- Copycats, mostly avoid, if you put money in some shitcoin like safemoon/Hoge early on then you would be happy, but all the copycats are not worth a dime, all the safe-something that popped up after safemoon, all of them had made me lose money (invested in most of them-unless i missed some). + +- Rugpull is not the only issue, developers dumping is the bigger issue. When you see the early 5-10 holders dumping in huge quantities, it means pump and dump. +Dev is usually behind the few addresses that buy cheap at first. + +- More scams on BSC than on Ethereum, mainly due to cheaper costs to deploy and create a liquidity pool, thus if a scam does not pick up the scammer is only losing few bucks, while on ethereum would cost him 200-300$ + +- 10x loss is the standard, expect that the coin would drop 10x within few days from launch, with few exceptions. + +- Early investors are the enemy, many flock to these coins to make a quick buck, even if the dev have the best intentions. The early investors buy in insane quantities for very very cheap, then when demand picks up, they dump to make a quick buck. These dumps kill momentum, and few shitcoins recover. + +From my 100+ shitcoins: + +- 2 went 100x + +- ~10 went 2 to10x + +- ~10 same price or small loss + +- ~20 discount 50-70% + +- Rest 10x to 100x price drop (dropped to 10% [-90%] to 1% [-99%] initial investment) + + +Hope this will be helpful, i will still put money in shitcoins if early on or they have a nice idea. + +due to requests : +i have created a telegram channel to post about shitcoins and scam i invest in, link: +https://t.me/shitcoinsalert +💰 Ride early with us, to get the bounty of your LIFETIME! + +[Renounced contract](https://bscscan.com/address/0x4f0e7a273c7ff13062fa581bee4ffabdae94328f#readContract), [liquidity locked](https://www.bscscan.com/token/0x4f0e7a273c7ff13062fa581bee4ffabdae94328f#balances), [audited contract](https://github.com/TechRate/Smart-Contract-Audits/blob/main/Wild%20Ride.pdf), [60% burned](https://www.bscscan.com/tx/0xebd8e26c201db8c8aa2ce1b44c4f3a9ad6d271c157983b058282fa745f432c27) ! We are looking good both from shorterm and longterm perspectives. + +* **LONGTERM**: Everyone who has ever encountered advertising in the blockchain space knows how difficult it is to find a responsible promoter with respect to their work as well as an advertiser with whom you could face commercial fraud. Their platform will solve this problem once and for all. We are dedicated to developing a multifunctional ecosystem that brings together advertisers and promoters! Litepaper of the platform with all the details will be revealed this weekend! +* **SHORTTERM:** New YT videos about us appear every day! Next is UP CRYPTO with 240k SUBS!🦎 CG listing coming in 48 hours. CMC appliedWe are running TikTok contest with 3k$ bounty! + +**Join us before that huge pump, be early!** Get the opportunity of your LIFETIME! + +**🔥 🔥 🔥Videos about us**: [1](https://www.tiktok.com/@cryptokang/video/6960625113154768134?is_copy_url=1&is_from_webapp=v1) [2](https://www.youtube.com/watch?v=o9XmClJMaF4&t=103s&ab_channel=Alexandrus) [3](https://www.youtube.com/watch?v=zeKNSLdGD7g) [4](https://discord.com/channels/841447069163061308/841447726247051334/841783453129244683) 🔥 🔥 🔥CRYPTOPABLO [https://www.youtube.com/watch?v=oyr\_pA1sw2U](https://www.youtube.com/watch?v=oyr_pA1sw2U) + +💲 Get some coins on [pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4f0e7a273c7ff13062fa581bee4ffabdae94328f) and get your horse ready to ride! (Slippage 9% to 11%).If you have problems with transactions set Gwei 20 (press on the ⚙️ button and you will see the gwei) + +Listed on coinhunt and delta. Cointiger coming. CA: 0x4f0e7a273c7ff13062fa581bee4ffabdae94328f + +Read information about our town here! [Website](https://www.wildride.club/) Gather together and have some drinks at our [Saloon](https://t.me/WildRideBSC)!Latest news in the town: [Twitter](https://twitter.com/wridebsc) and in our [Discord](https://discord.com/invite/mpdBFNaSEW)! +I stumbled across $ALLY and am impressed with beating their earnings every quarter, huge up trend in their earnings, PE under 10, forward PE under 10. And from a TA standpoint they've been rock solid through all the choppiness these last few weeks. + +I've found that it's good to try to come up with reasons to NOT buy something that I have a positive bias towards. This helps balance me and make an informed decision. What reasons are there to not buy ALLY at it's current price? What are some competitors (internet banks) to compare metrics with? + +[Finviz](https://finviz.com/quote.ashx?t=ally&ty=c&ta=1&p=d) + +[Yahoo Finance](https://finance.yahoo.com/quote/ALLY?p=ALLY) +Hey guys, + +The story goes I was accepted for a role that was paying 75k in the job description, and after being offered the role was offered 10k less. + +After a few emails it turns out they have 'another applicant' that was willing to work for the lesser amount, but they are super keen/pushy to get me started... I should also note they verbally advised me of the 75k during the interview. + +Has anyone else come accross a similar problem? Any ideas of what to do? +I KNEW this would eventually happen. Huge interface issue. https://www.dailymail.co.uk/news/article-8433117/College-student-20-commits-suicide-Robinhood-glitch-showed-massive-debt.html +Sup Apes + +Not financial advice. Seriously. Do NOT listen to me, I am most definitely not a financial advisor. Just an ape who want 🍌 + +**Bump this shit now. not a request:** [**https://www.youtube.com/watch?v=X2LTL8KgKv8**](https://www.youtube.com/watch?v=X2LTL8KgKv8) + +This is gonna be a pretty short post, just giving a brief overview of what I expect/would like to see tomorrow. + +Please remember this is a PREDICTION and in no way a guarantee, I take crayons from restaurants and draw on my computer screen. + +I know y'all are JACKED after today, and so am I. I'm so jacked that I'm getting high and drunk as we speak (mothafuckin cheers you glorious degenerate bastards, porsche or food stamps ) + +&#x200B; + +[CHEEERS](https://preview.redd.it/zce14troow671.png?width=1068&format=png&auto=webp&s=532917c08d25cce427f678f4edbf1971bc16916c) + +Okay so everyone knows the ATM offering is complete. AND everyone knows what happened last time it was complete. Yesterday we finally touched the .618 level that I outlined in this post (see final edit) [https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot\_waves\_and\_gme\_why\_im\_jacked\_to\_infinity/](https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) + +"holy fuck, just another reason why you shouldn't listen to me, im so retarded (I was probably high in all honesty) when I wrote this and i looked at my fibs as 213 being the 61.8 level to watch... but i am retarded... the proper level is 201... so keep a strong eye on that for a bounce: [https://imgur.com/dmywYOA](https://imgur.com/dmywYOA) (okay now im acc leaving, the TA wasn't sitting right with me so i took a closer look, and voila... user error smh. Sorry for confusion, I'm just an ape (look CLOSELY at how the retracemnt is drawn, from the low on 3/24 to the high on 6/8... these are the PROPER ratios to reference, Irdk how I missed that yesterday" + +So we hit that yesterday and bounced at 197. The levels don't need to be hit perfectly by any means, but when the level IS hit, we have greater confirmation that the move is complete. Remember wave 2 typically targets at least 50% retracement of 1, though often times it hits the .618 level, or the .786 level. + +What's important is the LOW IS IN MOTHAFUCKAS (so it seems, i'd love more cheapies), AND we had a seemingly definitive wave 1 on a smaller scale complete. Identifying a wave 1 is often times the hardest part of EW, but the trick is to look for the end of a downtrend. It is imperative that the wave 2 does not cross below the low of wave 1, or the move is invalidated. + +Here's a view of what I see: + +[4hr](https://preview.redd.it/zhkj5o01qw671.png?width=2830&format=png&auto=webp&s=27f75c344d208b35483ab071a5d17bde5e61d1b0) + +My brain is playing tricks on me as I'm writing this, there are a few possible counts when looking intraday but I'm just gonna lay out the one that makes the most sense to me: + +&#x200B; + +[30m](https://preview.redd.it/rxzx4kc4sw671.png?width=2790&format=png&auto=webp&s=ca0fd31c5cd05f794ad36a9099dc0954864df1ac) + +So my thinking in this analysis is that the move after the morning dip to a high of 225.8 as a 1 and not the pre market move on news of the ATM offering being complete. The ALT count would be the move in pre market is the (i), but this doesn't really change much, just alters targets by a few points. + +So assuming the move to 225.8 was a (i), remember were looking for at least a 50% correction of said move as validation of a (ii). Low and behold, price crossed below the 50% level (white line), so the move is valid thus far. + +Do note, the .618 level was not hit, so I'm not ruling that possibility out just yet. Assuming our low of the day at 209.3 was our (ii), that puts the next (smaller timeframe) upside targets at 238.18 (1:1 extension of (i) ), remember (iii) can't be the shortest. thus, a minimum extension of 1:1 of (i) is expected, though typically 1.618:1. + +The 1.618 level comes out to 256, which ironically is the exact same as the 38.2% retracement level of our cycle wave 1 (run from 113 to 344). This is why I'm more inclined to go with this wave count. Fib is nature, when targets overlap I'm more convinced my count is correct. + +The drop to 197 yesterday does not change the overarching 3 within a 3 within a 3 setup at all, all it does is lowers original cycle 3 targets by the respective difference of the previous extension drawings (so like $9 or so). This put minimum CYCLE 3 target at 423 (This overlaps the bigger wave 3 initial target, see below and look at the 100% level, yellow) + +&#x200B; + +[target \(say it like tarzyay\)](https://preview.redd.it/jteqhb9ouw671.png?width=2824&format=png&auto=webp&s=4860b784c2e9608d8cee3c23b996fa5d4fd7d587) + +okay maybe i shouldn't have gotten drunk for this i'm really losing my train of thought lol, bear with me almost done + +in short, the move thus far is valid unless we break below 197, which idk about you, but I don't see that happening any time soon, if ever. Within this current wave subset, the highest we should go (assuming we dont see a hyperextension to 1160, personally I think moves of that scale will come a bit later, but I could be very wrong) is around 565 before a bit of retracement action. + +However, if you saw my recent post going over the (seemingly) correlation between eyyyy emm see, when that ticker did its thang, it actually hit the 1.618 level of its JANUARY run up. using that same philosophy with GME, that puts GME at... + +get ready for it... + +are you ready...? + +no you're not. + +>!862.16!< + +&#x200B; + +We shall see. + +I don't really care about the intraday action. Just look for higher highs/lows relative to 197 and were looking good. + +Will re evaluate when I must, but it's reallllly hard not to be jacked. + +Before I sign off, here's the 1.618 target of the january move... enjoy: + +[GME ](https://preview.redd.it/uzfrfragww671.png?width=2824&format=png&auto=webp&s=e48ad6f5acdb725dfd8e1e9272c99372155d7805) + +Will show you eyy emm see too just so you can see this shit really did happen, and I have reason to believe it will replicate on GME: + +&#x200B; + +[movie stonk](https://preview.redd.it/i3nu7mokww671.png?width=2802&format=png&auto=webp&s=018a2d4522b4d0c6938d7cb53a650cb91568dad5) + +TLDR: I CAN FEEL IT COMING 🚀also not saying 862 happens tomorrow lol, soon enough 😈 + +edit: interestingly enough, if we use fib time extensions, .5 level comes to 6/28 (drawing from GME's lowest low ever to the high of january. this doesn't really mean anything but It's interesting how it all ties into outside factors going on... this doesn't mean we squeeze 6/28 lol. Just something interesting) + +edit 2: probably nothing but noticed a tiny $.50 gap around the 200 level, worth noting. Its minuscule and doesn't show up on a daily chart, only hourly but you have to squint to see it. This is normal in stocks + +Edit: I’m going insane so I dug deeper . I’ll probably make a new dd tonight or tomorrow morning 🥴 +I'm 24, from Bulgaria. Started working last year (had some small jobs in the past). + +I make a little over 1k € / month (~~it's the average salary in my country~~ the average salary in Bulgaria is around 500€). I haven't really saved much - about 3k €. + +On the other hand, the cost of living is not very high. And I'm pretty sure my salary will go up as I gain more experience. So I will be able to save more. + +Is it worth to try to invest the "savings" that I got? From my research online, there is a broker in Bulgaria that is offering investments in Shroders funds. + +Is it worth to start putting money there? +Simple answer: [Dr. Lisa Su (how she turns around AMD)](https://www.youtube.com/watch?v=lHT5MRky9SA) + +When you invest in a company, it's not just the product that's important for the company, but its people and leadership as well. Because ultimately, a corporation is just an organization run by bunch of people, which Elon Musk emphasized this point. A company's leader who has a clear vision for the company will bring its people together and its competitive products to market for the future. You look at the leaders between Intel's and AMD's. One got a Ph.D in electrical engineering and has a firm grasp of where the industry is heading toward, whereas the other person who was previously a CFO just looks at spreadsheets and uses any means to appease the shareholders. How likely would a business major know anything what the semiconductor industry will look like in five years? + +Intel has been dominating 90% of the PC market for many years. The company becomes complacent and so do its shareholders' base as the stockholders enjoy their annual dividend payouts. You do that in a highly competitive semiconductor industry, your company will lose value and eventually get abandoned. You have to be constantly innovating to stay ahead, especially in the technology sector because that's just the nature of the industry. This isn't like consumer staples where the market remains static for a long time. A technology company's moat is easily broken if the company doesn't plan out its roll map & product lines for the next five years. A lot investors could tell this became quite apparent at the last Intel's earning report. + +This also separates the difference between value investing & growth investing. Value investors look at financial statements of a company to judge how it appears now, whereas growth investors look at a company and make financial projections where the company can potentially go toward for the next several years. Growth stocks will never appear cheap at any current time, because if they do, then by definition they already stop growing. If you're a value investor by heart, I advise stay away from investing into tech stocks if you don't have a firm grasp about their respective, ever-changing industries, because most of them will never make sense to you. + +There will be a time to revisit Intel. In my opinion, Intel needs a better leader who has an expertise in the field. Hitherto, AMD will continue to take market shares away from Intel to grow its revenues & earnings, because its leader already planned this out from the last few years. She knew her competitor would have a tougher time catching up in manufacturing the technology. AMD stock is going much higher for the next 2-5 years. + +Disclosure: AMD shareholders since $8.00 +**Take my words with a grain of salt. But always remember, advice may very well be bad advice. Apply critical thinking.** + +It seems like I caused quite a stir here. Oh bad bad me. But my point still stands. + +In October, I made a post about AAPL and asked whether it would be a good time to buy calls. AAPL was trading around $143 a share back then. I wanted to buy calls because AAPL was hitting the bottom trendline of a major ascending channel, according to my technical analysis. + +I was laughed at by people here telling me that I was "stupid" and that "it would never work" and that I was a "moron" for believing in technical analysis. I DID BUY THE CALLS, with some doubt tbh, and set a stop loss. Sold them two weeks ago at a handsome profit of 56k. + +Maybe I AM stupid, but I'm willing to ask questions and learn from mature, experienced people. + +**What I learned is, don't ever take Reddit advice seriously. Trust your instincts, and if you make a mistake, learn from it and move on. Learning from your own mistakes is much better than taking bad advice and then learning from them.** The fact is, as much as some of you want to deny it, this subreddit is made up of a limited number of decent people but a whole lot more adults that, like immature kids, tend to call you peculiar names and throw temper tantrums the second they find your opinions disagreeable, not unlike WallStreetBets. You should always be cautious when getting advice here. That's for your own benefit. + +It's sad that nowadays, people only want to hear what they believe in, but refuse to change perspective and hear the other side out. + +https://preview.redd.it/ob8acbuwcz781.png?width=1168&format=png&auto=webp&s=6e6b3eb8aa855a825eda117f1c8ccd0e0e9dbc8e +More and more FUD posts are gaining traction, suggesting MOASS is months and years away. + +The world is in complete and utter chaos, China is on the verge of collapse, hedgies are more fuk than ever, spy ATH, bcoin ATH, loopring (gme?) Announcement due in Q4, MSM actually starting to realise, fuck ton of options expire next week (correct me if I'm wrong) ... add to the list. + +Truth is, no one knows when the muthafuka is gonna blow, but let's get back to hypin' every mother fuckin day. LFGGG. + +Remarkably tickets to the moon are still only $183. + +You know the rest, BUY, HODl and DRS. + +Obligatory 🚀🚀🚀 +Title says it all. After years and years of struggling to live paycheck to paycheck, I spent >$9000 to pay off debt that has had a stranglehold on my finances for years. I paid off credit cards, medical debt, a phone plan that my parents put in my name and didn't pay( learn from me, be better), paid my car payment 2 months ahead, and I even paid the rest of my car insurance premium so I don't have to worry about that for 6 months. My parents never taught me how to handle money mostly because they were so poor that they didn't know how either, but i've learned over the past 7 years of being an adult that being poor is EXPENSIVE. I couldn't tell you how many thousands of dollars i've paid in late fees, overdraft fees, minimum payments on my CCs just to keep the balance the same the next month! It never ends. Once you're living paycheck to paycheck, there's very few ways to get out and after getting rid of it all, I now have $600 extra a month to save for a house which is my next goal. I hope one day everyone who is struggling like I was get to know the same feeling I feel. +[https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/](https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/) + +"In interviews with startups as well as real estate agents and analysts, it emerges that when a family finds its dream home, it has often already been crawled by AVMs that have analyzed its value as an asset, its potential yield as a rental, its forecast price growth, and countless other metrics." + + +I'm curious have you all had to compete with companies like Zillow, Opendoor, etc for deals? Are they buying multi-family or just focusing on single-family for the time being? + + +I'm all for capitalism but am terrified of what happens to this country when a huge portion of the single-family inventory is owned by either big tech or Blackrock. +I have been seeing a lot of posts about this topic with misinformed opinions. I wanted to contribute my thoughts to help those who are wanting to get into the market but are concerned. + +I’m not looking to argue endlessly esp if you have no experience in property. + +Everyone loves to follow the big headlines and freak out about rise in interest rates. If you believe that that please do some research as to why property prices have gone up the way they did in the last 2 years. It wasn’t only low interest rates. It was a multitude of factors. + +Here’s a few things to think about before saying housing market will crash: + +-currently there’s a severe shortage of supply of new builds. Material cost has gone up insanely higher than before. + +-80% of the buying that lead to this boom was done by owner occupiers… I repeat owner occupiers. There’s only been one other boom lead by owner occupiers and pieces held up after that. This is the second one and the same will happen. This is because owner occupiers aren’t looking at selling anytime soon even if interest rates rise. + +-floor assessment rates. Everyone who applies for a loan gets assessed at 3 bases points higher than the rates they’re charged. Banks assessments are super strict and they’re not lending money to everyone. That’s why people who can’t buy are posting about a incoming crash + +-rents are increasing and will continue to do so. For the few investors who have bought at the higher prices they will get more rent and can still service the higher rates. + +-incoming immigration. Again another supply and demand factor that everyone is ignoring. We havnt taken on any immigrants in the last 2 years. Once the borders open.. demand will be astronomical. + +So please stop following the headlines blindly without doing your own research. Back in 2020 all the same experts predicted a 30% crash but we all know what happened after. If you’re sitting on the side lines and waiting to jump into the market.. do it.. don’t wait you’ll just be missing out on growth. There are markets within markets so do your own research. +Good luck to every one. +My hospital hasn't given me a clear explanation on how to navigate financial assistance. I'm 21 years old. I don't have a job yet. I was hospitalized for a week and I came out with a $30k hospital bill. Insurance paid for $11k and brought it down to $30k when it used to be $41k. Since my hospital is out of network, it said my family is responsible for the rest of the bill. I don't know whether it's ridiculous or not but this bill is more than my car. I'm applying for hospital financial assistance and the form only lists me as the guarantor, although my parents will be paying the bill and not me. I don't have an income or assets or anything so I don't understand why they only request my information. They also want me to apply for Medicaid and show proof of denial before they can consider my application. I don't meet any of the eligibility requirements for Medicaid anyway. I'm just confused about all of this and was wondering if anyone could help me make sense of this process and how else my family could get assistance with the bill. + +EDIT: answering some frequently asked questions I’m getting. The state is Florida. I was admitted with sepsis from the ER after having pneumonia for a week. + +EDIT 2: Medicaid has been filled out and submitted. Hospital financial assistance form is filled out and submitted. Called insurance to explain the emergency situation and they are mailing us an appeals form. I read many posts about filing for bankruptcy, but I don’t intend to do that since I’m still in the process of lowering this bill. +I grew up pretty poor - I remember my mom finding $4 on the sidewalk and crying because it meant we could eat. I remember not having all 3 utilities on at the same time for most of high school. We would light candles when the electricity was out, go to the YMCA for showers and fill up gallon jugs of water from the gas station to flush our toilet. I never felt poor at the time, but in retrospect it’s alarming how much we did without. + +I saved aggressively for the past 13 years, denying myself all personal luxuries because no matter how much is in the bank, it could all be gone in an instant. I’m finally starting to feel comfortable getting things for myself - new glasses that I should have bought years ago. A proper haircut (not one my husband did with the kitchen scissors). Shoes that aren’t from the thrift store. + +I’ve always made sure to prioritize my daughter’s needs, so she doesn’t feel like I did growing up. And don’t get me wrong, I’m incredibly grateful that I’m able to do that and love that she doesn’t experience that lack of basic care. And I would never let her know that I’m resentful of her attitude… + +But I can’t stand how flippant she is towards money and material goods. She’s constantly watching YouTube shows with wealthy kids, talking about how she wishes we were like them with a mansion and a pool, all the latest toys, etc. + +Last Christmas, I got her a $50 Robux gift card. To me, that was *huge*. I agonized over that decision in the store, but wanted her to be happy, so I got it. I could not believe her reaction when she opened it. “Only $50? That’s okay, I guess.” I was smiling on the outside, but internally screaming (I haven’t bought her Robux since). + +A few days ago, she saw $25 on the counter (it was to buy her yearbook). She took it, walked to Target without permission, and bought toys and candy. It’s not like she doesn’t have money - she has almost $400 in her personal bank account. But I could not believe how little regard she had for money. When I was growing up, I would *never* have taken cash from my parents, let alone $25 - that could have fed us for a week. (And yes, she got in massive trouble for stealing) + +Since then, I’ve really been struggling with resentment at her attitude. I’m so glad she’s so far removed from what I felt as a child. She really is a good kid - kind, cares about others. And I would never tell her this… but the darker side of me can’t help but feel she’s ungrateful and spoiled - especially when I almost never get anything for myself, in order to provide for her. + +Edit: thank you to all who have offered support and understanding! For those sharing critical opinions, judgment, or advice, I’m feeling like I need to explain/defend myself, so here’s some extra info: + +-She’s in third grade. + +-We talk about finances often, and she has her own savings account which she funds through chores (mowing the lawn, doing her own laundry, etc). + +-She’s aware of bills and what it takes to make a household run. + +-I don’t treat her poorly because of my feelings. + +-She does have screen time restrictions, and we encourage healthy perspectives as much as possible - trips to the library, making bag lunches to take to the homeless, donating toys to lower-income children, talking candidly about wealth and class in modern society, etc. + +-She got some pretty serious consequences for the theft and walking to Target by herself, along with a series of talks about the issue. + +-The Target is about a 5 minute walk from our house. No, she’s not supposed to go there. She is allowed to play in the small park right behind our house, with check ins every 15 minutes or so. She came clean as soon as she got back from Target, because she knew she had done something wrong and was feeling very guilty about it. + +-We don’t force her to do any chores! She wanted ways to earn money, we offered her several choices, and she picked the ones she liked. As for the lawn mower, she’s always 100% supervised, it’s a non-powered mower, and we live in a townhouse with the tiniest strip of grass - it literally takes 3 passes and it’s done. She’s not in any danger, and it’s certainly not “child abuse.” + +Edit 2: Wow! Definitely did not intend for this to turn into a parenting advice post. I mostly was wanting to share the conflicting feelings of being happy my child has a stable life, and disappointment that she hasn’t quite figured out gratitude yet. Thank you all for your feedback! I assure you that she really is a great kid and I’m very proud of her. +**UPDATE 8:** 24 Hour Mark - 24 HOURS LATER AND NOT A GADDAMN PEEP FROM THE MSM 🦗🦗🦗… the ONLY article that references the announcement is still from ShackNews… Buckle Up Apes 🦍🦧 Monday gun be guud 🍀 + +**UPDATE 7:** 19 Hour Mark - 🦗🦗🦗… + +**UPDATE 6:** 16 Hour Mark - Still nothing new… + +**UPDATE 5:** 14 Hour Mark - STILL ONLY ONE. There is actually one more GameStop related article but it’s a hit piece on the GameStop NFT Marketplace ffs + +**UPDATE 4:** 7 Hour Mark - ONE more article from the past hour HOWEVER it’s about Options Volume traded in GameStop during Friday’s session and has ZERO mention of GameStop’s announcement… thank you DefenseWorld . Net… + +As of midnight CST the ShackNews article is THE ONLY news publication from Friday, August 5, 2022 that references GameStops’s announcement… + +Off to sleep now 💤 + +**UPDATE 3:** 6 Hour Mark - The ONLY article I have found so far is from “ShackNews”: https://www.shacknews.com/article/131733/gamestop-gme-missing-split-dividend-shares + +**UPDATE 2:** 5 Hour Mark - Still Nothing 🦗🦗🦗 + +**UPDATE:** 4 Hour Mark - Still Nothing 🦗🦗🦗 + +DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY + +If you find an article, please share so that I can update the post accordingly! Thank you +Hey Fam, + +Has any one ever done NoFap ? I haven't jerked off in approx 17 days since 9th Jan... I have deployed more cash into the stock market than I have in the last 2+ years. Normally I browser on AusFinance but I feel like there's just to much estrogen in the community which is holding me back... I had a vision to find a wife and purchase a home with little debt but over the last month I decided to fuck that off... I can loose a home, a wife, be paying child support but I will never lose my stonks and bro's in this community... + +My recent investment is into ASX:AGC 🚀🚀🚀🚀, I feel like this will easily be a 10x bagger if not sometime soon in the future be another Saracen Minerals a 40x bagger... If I do end getting 10x bagger from FFT 🚀🚀🚀🚀 or AGC 🚀🚀🚀🚀 I will host a fucking party at Melbourne with strippers... + +I decided to grow a pair of balls and try to get rich the quick way or die trying... I no longer feel any emotion when I place a order, before then I would be shaking due to the doom and gloom from AusFinance. Being on this community has given me the courage and balls to place bets... + +🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 +I live in Korea and I have been heavily impacted by the coronavirus. No, I'm not sick, and even if I do 100% of my care will be free. I've always heard of emergency funds, and so forth. I've also always heard of preppers who spend lots of money stockpiling supplies to survive things like the coronavirus. Until recently Korea had the 2nd largest outbreak of the virus. Here are some of the many economic impacts it has had. + +* Many businesses are shut down, especially bars and restaurants. +* Many schools are shut down (especially private schools) +* Many large companies have shut down major parts of their operations + +Some real impacts on my life + +My income has been slashed due to a massive drop in workload. This effect was essentially immediate. My income for the next few months is going be a fraction of what it normally is. And this is a direct result of the virus. There is nothing I can do to combat that. + +My girlfriend is a teacher for a private school. Her school has shut down, the question on her income is up in the air at the moment. Her school isn't receiving tution fees from the students since they are no longer in operation, but we still got bills to pay. So does her school. + +Now luckily for us, I literally completed funding my emergency fund in January after saving up for it, I'm laughing because chances are starting in April I'm going start taking money out of it to survive. This is with me drastically reducing what I spend. Some changes I've made + +* Not driving anywhere so no parking/gas expenses +* Not going out for drinks or dinner +* No trips +* Not buying anything we don't need, those new pair of shoes? Yea they can wait +* Etc + +Although we have spent some money, I recently got back into playing online poker I deposited $50 to keep my mind busy, I've also bought two new video games to take up time. My girlfriend ordered some art supplies and is painting a bunch. However those extra expenses are small compared to what we are saving. + +Some other examples I've seen + +**The Bar** + +A friend of mine owns a bar, its pretty successful. Recently he did some renovations in preparing for the upcoming spring/summer. His bar is now closed. He had to close it to save money because so many people were staying home it was costing him more money then he was earning to stay open. However, he still has bills he has to pay. He has a mortgage on his home, he has rent on his bill, car payment, and all your other standard bills. He's done the math and if by Mid-April he's not able to open back up he may never have the money to open back up again + +**The big spender friend** + +I have a friend who has lived paycheck to paycheck and never saving. His company has shut down and put him on unpaid leave. He's not earning an income, has next to nothing in savings, and still has living expenses. He's had to go to a bank to get a loan to pay rent. FYI if this virus last long enough (it'd have to be about 6-7 months) I may also have to go get a loan to pay rent, but at least I don't have to do that yet. + +You can still go to the store and buy all the food, water, etc what you need. The supply chains are still fully functional and shelves are pretty much stocked. No one is going hungry, but pretty soon people will be going broke. The Korean Govt has said they plan on giving out grants to small businesses, one major fear is that after the virus passes many small businesses (which are an important part of the economy here) will go out of business as soon as they open. + +And this just really highlights the importance of an emergency fund. + +And FYI my SO and I did some math, with the cut back on our expenses we should be able to survive up to 10-12 months with no income. You'd be amazed at how little money you spend watching netflix all day. + +SO seriously folks, get your emergency fund going. I'm seeing people all around me freaking out over lack of financial capacity. And 2 weeks ago everything was normal. +This is the official $GME Megathread for r/Superstonk. 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You heard that right. And no, garlic isn’t code. 500g of garlic will get you 5 yuan off your property.  + +Or maybe more realistically, 5 tonnes of garlic will get you 50,000 yuan off your property. That’s a little over $7,000 US dollars. + +**What's the strangest / best thing anyone's ever seen being used as down payment / collateral?** + +Edit: Source - [https://www.ft.com/content/2eef1d78-3c38-4065-b6dc-a8ba061d3483](https://www.ft.com/content/2eef1d78-3c38-4065-b6dc-a8ba061d3483) +I'd love to hear the stories of those of you who are skilled enough to go full-time as an independent trader. I am currently working towards this. I currently work in Private Equity and I am dying to not have to go into an office and work for someone else. + +At what point did you know you were ready? + +What is your daily % gain goal? + +Would love to hear all about it. +Ok not quite the usual financial question in this sub but it does involve money! + +My little one is losing a tooth and at random said I’m getting $10 for my tooth while brushing. + +That seems a bit steep to me. We never paid anything for a loose tooth so far so I’m assuming this came about because the tooth is very wobbly and kids talk about it at school. + +It seems to me the market rate these days is $10 (i.e. what the kids at school say). + +Is this Tooth Fairy QE money? For a full set of teeth that’s $200! That’s seems high. +Hello fellow quants. I wanted to share some stats from a 4-year backtest of one of my intraday trading algos. The logic is purely price-based, runs in the mornings on a 1-minute timeframe, and trades NQ futures exclusively. It's not all that I would like it to be, but it does appear to be fairly consistent, minus that stagnation period at the frontend of the curve. + +Some important notes: + +\- Sizing is static in this test (doesn't scale with the account). + +\- Largest drawdown was about 10% over the 4-year period. Return-to-Drawdown is 6.97. + +\- Percentage P/L over this timespan was +119.2% with a conservative risk per trade (you could get away with doubling/tripling position size if you were so inclined). + +\- Commissions & fees are accounted for, spread/slippage is being simulated. + +\- Currently in the process of forward-testing... + +What do you make of all this? Is that large stagnation period off-putting, or is an imperfect equity curve to be expected? What would you do before running this bot in a live account? I realize profit factor isn't incredibly high (sitting at 1.26), but would this bot have a place in your portfolio? + +[4-YEAR EQUITY CURVE | LINE CHART](https://preview.redd.it/w5r1nwimgxd91.png?width=1810&format=png&auto=webp&s=f473825714fecd697a90202c43b5dd094a271e17) + +[4-YEAR EQUITY CURVE | BAR CHART](https://preview.redd.it/c1wg3nvogxd91.png?width=1806&format=png&auto=webp&s=cd5561b1abfcac8d48e4fd8d1c5151cc49842ec2) + +[RETURNS](https://preview.redd.it/gmpvonmqgxd91.png?width=1838&format=png&auto=webp&s=2b4473d56b2f88f1576cfa3cf7582a36368e1f15) + +[AVG RETURN](https://preview.redd.it/x1eq6grsgxd91.png?width=1840&format=png&auto=webp&s=b2950e3d2dca52b1ea654ee8edef4e7b78d9da8a) + +[MISC STATS](https://preview.redd.it/ezpbz9cugxd91.png?width=1824&format=png&auto=webp&s=b3e97a1b900e862c90aba18688667d95a34771f2) + +[Monte Carlo Simulation for Fun :\)](https://preview.redd.it/q8pfse0zgxd91.png?width=2726&format=png&auto=webp&s=c993b1d4e8afa319984fb80ca8695bfabe400e1c) +**About** + +Over a year ago my 2 friends and I started working on a financial literacy app that teaches the ins and outs of personal finance in a way that people actually love: on their phone. Gamified. Broken into bite-sized chunks, with reward incentives embedded. + +I'm the Chief Design Officer at Zogo, so my responsibility is surrounding the user experience and overall design of the app. I'm always eager to hear thoughts regarding the design, so let me know! + +Zogo is 100% free.. **you can download it on [iOS](https://apps.apple.com/us/app/zogo-get-paid-to-learn/id1474636588) or [Android](https://play.google.com/store/apps/details?id=com.zogo.child)**. The only requirement is that you have a U.S phone number to sign up with (sorry, it's not available outside the U.S at the moment). + +**How can we pay people?** + +Usually, we partner with financial institutions like banks or credit unions and they sponsor their local community. However, for the next few days, Zogo is sponsoring ***everybody*** who downloads the app.. and that means you earn rewards for learning finance! + +**Future updates** + +Currently, we only offer gift cards as a reward. Our gift cards are for major brands like Amazon, Walmart, Starbucks etc. Within the next couple months we hope to include more rewards like charity, gift cards, and special offers.. + +It would look something like [this](https://i.redd.it/hxhz6sfo9xw51.png). + +So you'd be able to exchange your pineapples for awesome rewards. + +--- + +Thanks for reading, **I'm happy to answer any questions that y'all might have, and feedback is always appreciated as well :-)**. I contacted the mod team before posting and they had no issue with sharing our education app. + +I'm excited to hear y'all's thoughts. + +Happy learning! + +Download on [iOS](https://apps.apple.com/us/app/zogo-get-paid-to-learn/id1474636588) or [Android](https://play.google.com/store/apps/details?id=com.zogo.child). +here's the video: https://www.youtube.com/watch?&v=A-tNkuYV4_Q + +My mind is kind of screwed up right now. Why did I do this? Because I could. And if you don't, then you necessarily don't win. I just wish one of you inversed me so that one of us would have won. + +I love margin trading though and as soon as as I grind out the minimum amount of capital (through wagery or loan) I will try again. + +Till then, autists +I work at a cafe which struggles to find people competent enough to hire. It isn't a hard job so anyone really with half a brain can do it but we can't find staff and the staff we do find are usually 16-17 year old school dropouts who aren't the brightest, but it'll do. Many of my customers are business owners who also say that struggle hard finding staff and it seems like no one wants to work. + +I'm no economist but I'm trying to figure out what this means for the our economy. Too many jobs with too little workers sounds like it could be a booming economy, but surely that wouldn't be right with how stagnant things are currently with things casually getting worse. + +Long story short, what causes this and what can this employee shortage mean for the future +I've had this question for a few job interviews now, and I never know what the appropriate answer is. What do you say when a company asks what you expect your own rate to be? minimum wage? minimum wage+X? +I'll be as short as possible but i'm hoping this could help others save money and catch their insurance out + +My insurer is Hastings + +* Have old 1990s car, bought v recently, extremely low mileage and mint condition - worth 3k +* Get into crash 3 months later and is written off by insurer - mostly based on age +* Insurer offers £300, then eventually £700 then finally £1500 +* Sent complaint about numerous things - experience on calls with them, engineer who did valuation was a complete dick etc. I provide links to similar cars selling for more, with more mileage etc. They refuse to budge from 1500 and say its Financial Ombudsman (FOS) or accept our shitty offer. +* Complaint refused and final offer sent in post +* I ask about possibility of buying it back to repair myself (1500 minus excess is pointless) +* **Asked for the engineers report from their salvage company (Co part)** +* Claim handler sends it over, **with the engineers valuation redacted** +* Idiots used PDF software to redact, so i just open it up in a PDF programme (not just your browser) and remove the redactions +* Lo and behold, the engineer valued it at **£2500**, which is the price i said i was willing to settle on +* I point this out to my claim handler (i also find their CEO and other senior team email addresses via LinkedIn and hunter . io) , say looks like i've caught you trying to scam me here so i'll give you one chance to resolve this +* Claim handler doubles down and his argument is basically + * No valuation sources in the usual three databases (GLASS's and 2 others) + * Therefore they are using their engineers instead + * The links i had sent over they are choosing to ignore + * They also ignore their salvage companies valuation +* I point out that choosing to wilfully ignore their trusted partner's evaluation is ridiculous and i look forward to FOS's judgement plus compensation. Tell the handler to stop digging, go speak to his manager and get someone to call me in the morning +* Next morning i get a call from senior manager, who apologies profusely, offers full £2500 plus compensation for pissing me around + +&#x200B; + +So i hope others can benefit from this, if you have had a historic claim or a future one, always ask for their engineers report or salvage companies report. If it has big redactions on it - as pictured below - you can probably remove them using a free PDF programme (i used fox it) and then call them out for bullshitting you. + +[https://imgur.com/a/0SdunJ2](https://imgur.com/a/0SdunJ2) + +&#x200B; + +Edit: I have reported them anyway to the ombudsman +# The Algo +## How profitable? + +Makes a 20-30 pennies every hour off a $300 investment. + +## How long has it been profitable for? +2 days since the last update. It's been consistently profitable. + +## Average Losses? +Looses 10-25 cents every 5-6 trades makes that much in the other trade. Position sizing is key. Limiting risk is key. + +## Does it scale up? +Not sure yet, need to record a lot more data. + + +## Is it done? +Far from it, my sample size is tiny but it's nice to finally have an algo that doesn't just burn dollars. Inspiration is at an ATH. + +# The process + +## Backtesting Strategy? +Building a full-on simulation that incorporated position size, bid ask spread etc for an actual solution was waay too much work. For backtesting I didn't mess with any of that, I ran regressions off my signals, checked coefficients, R values and Jarque Bera tests. Then tested live with a smallish amounts of capital. ( 500-1000 dollars) + + +## Machine learning +Learning all about machine learning helped me be a lot more successful in my day job, and lead me to understand stats, jupyter notebooks and the works. Vector calculus is fucking cool. Note I didn't have a strong math background so I had to learn a lot, I still don't have a good math base. "What one fool can do another can" + +For actually trading, however, Machine Learning just lives in the land of overfit or useless. Myalgo works off of logic, statistics rather than AI. I'm sure it will be useful in someway but not in the way I expect it to. + +## Useful things +Understanding probability, distributions of events, Standard deviations don't mean jack if your data isn't normally distributed (It's not) But start estimating skews and kurtosis and you're getting further. + +## Day Trading + +DO IT! Nothing feels as intelletually usless as day trading does while being simultaneously useful. Find a friend, get some beers and compete for an hour, explain your logic for every move you make. Loose some real money. + + +# Misc + +## Stuff people will say to you + +### Don't you know the world's smartest people are doing this? How do you expect to compete? + +Fuck em, Motzart existing doesn't slow down amateur composers, in fact, it does exactly the opposite. Besides what sort of encouragement is that supposed to be for me following my passion? Again: "What one fool can do another can" + +### Markets are totally efficient. Everything is priced in. Let me lend you the Efficient-market hypothesis. + +No thanks, I already got the Econ major and my solid C average. I'm done reading unproven theory and speculation. - Note: The stats classes were useful, explanations of current systems were useful. I.e. The fed does X etc. Mostly useful for driving passion and interest. Everything else might as well have been inane ramblings. + +### Why don't you just take the losing algos and flip the sign? +Tried and tested. More times than I would like to admit. To quote the cunt: "Sounds good, doesn't work" + +### Rsi, MACD? + +No. Useful for manually day trading, might work if I was doing the same process in the algo: Long term trend is X and is probably overbought etc, how does the short term dip look. + +### Candle sticks? +Low & High are useful ish, open and close are useless all they do is sample two badly picked points. Consider constructing more telling candles: Little box plots, averages etc. + +### Approach to bid ask spread +Depends on maker-taker fees: Either know what you're doing or only place limit orders. Separate strategy from execution. + +### The hidden benefits +Almost everything I have done has been to ace the algos and along the way it's helped my work like crazy. + +#### Career growth + +##### Job 1 + I started off as a Junior accountant making 38k a year. (College grades right). Starting using python to do my job, Hooked directly into the SQL database. Started playing with data frames to handle data and the requests library & Selenium to do the job tedium. I learned all these tools because I figured they'd be helpful at some point in the algo trading. + +##### Job 2 +Got a job as a Data Analyst at 60k after 6-8 months. Learned about jupyter notebooks, matplotlib. Again self taught. Got way deep into machine learning (Predicting lead and customer rates, generating silly names from the customer databases etc) + +My boss in the job used to run sql queries, dump data into excel and provide averages I thought it would be more complicated so I made it more complicated. I learned a lot of SQL along the way. + +I went hard, learned everything I could. Went the extra mile, got in trouble with upper management for being too technical. Taught myself calc and then vector calc (I was really really bad at math before). + +What my boss did know was business processes and how to get done. That's what I learned from him and I learned as much as I could. Algotrading is logic, and understanding how things work, it's about being rational and a lot of the time it's doing the **'business efficient'** thing. Don't get distracted. Stay on task. That job was really helpful for staying on point. I automated everything I could in the job until the job became about doing statistical studies. Read a billion regression outputs. That was it. I could tell upper management what the average was and why it didn't matter if it wasn't stationary or if there were no actionable insights to be drawn from it. + +##### Job 3 +1.5ish years later: Financial Analyst 85k with mad benefits. I report directly to the CFO. They even provide lunch and cereal !. I'm 3 months in and I love the job. Probably not going to hop for a while unless something wild turns up, loads of room for growth. Getting deeper into finance, ratios, identifying problems, forecasting revenue, the works. This will help me in my quest further. + +*Other notes* + +- Hit the gym & meditate clear the mind yo. + +- Be interested in everything. Read that physics book, read the book on signal processing. Assign musical notes based on trades and *listen* to the market. Now learn music theory to try and make it sound good. Won't stop. Can't stop. + +- Don't forget to eat if you're going to binge code on a random holiday. + + + +Edit: Gym to other notes + +Queue the Total Recall memes...this is big. + +&#x200B; + +[I can taste it! - BlackRock](https://preview.redd.it/o2fr6088gys61.jpg?width=311&format=pjpg&auto=webp&s=a9de127791b428513d39afd5e7f1b9f85b5e852a) + +Let's dig in. So lots of talk in the DD's recently on how this whole situation may have been a big trap that Black Rock set for the Hedge Funds and Citadel. Simple logic really, story goes like this: + +* Black Rock is an historically a long-positioned asset manager. +* 2015-2019 Black Rock sees Hedge Funds short brick and mortar retail to bankruptcy...."*hmmm what can we do about this? this is damaging our assets? Is this an opportunity for us?*" spoiler alert: yes! +* 2020 COVID 19 hits, Citadel and HF's go into a feeding frenzy with shorts. +* Black Rock...."*let's try something....loan the hell out of our shares to these bastards*". BR proceeds to suck up millions of shares at a bargain - and keeps loaning them out, like giving line to a fish that you already hooked. +* Black Rock: "*the HF's are playing right into our hands! Wouldn't it be a shame if a millennial became the Chairman and CEO of a company that is historically loved by millennials?*" I wouldn't even be surprised if BR was doing some demographics analysis on US REDDITORS, especially WSB in fall 2020, to see what the mood on RC was back in 2020. They discovered we grew up buying games at GME. They discovered we hate hedge funds just as much as them. They discovered RC would be the perfect thing to turn around their *beloved* GME asset. +* HF Shorts double down, except they add to their firepower not only the lent-out shares from long positions, but also borrowing shares from Brokers will dumb retail on margin (cough cough RH cough cough). Of course, Vlad and RH are Citadel's puppets. Probably didn't even realize they were being used by Citadel. +* Citadel uses PFOF from select retail investors to simulate/model (on a probability basis) the behavior of ALL retail. Even 10 or 20% of retail PFOF data would be enough for them to simulate and extrapolate this data to ALL retail. They know your hand, they keep pumping it down. +* Retail and Reddit smell something is up and jump on the stock (although we didn't quite understand the full picture yet) +* BlackRock: "*oh shit...retail turned this play from a savvy asset management move to a powderkeg - retail is vacuuming up all the short sold shares, uh oh we didn't plan to do this..*.*this could get ugly..*.we *created a monster...*" + +That brings us to today. Fundamentally, what was Black Rock's play here? Why would they loan out shares for a small borrow fee, so that the price of their own assets could be driven into the ground? Obviously Black Rock was burned on a couple brick and mortar bankruptcies pre-COVID. Obviously they would be looking for a way to stick it to the shorters, and they found it. + +**So how do you combat a short seller?** I wrote a piece on the fundamental market transactions that you can perform with an asset (like a share) in a market. Read up on it here: + +[https://www.reddit.com/r/Superstonk/comments/mpjunr/market\_fundamentals\_of\_short\_selling\_why\_it\_is/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mpjunr/market_fundamentals_of_short_selling_why_it_is/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +TLDR; I conclude that SHORT SELLING has **no known inverse market transaction**. BUYING is the natural inverse to SELLING. CALLS are the natural inverse to PUTS (for the derivatives market - see link above). So what is the inverse to SHORT SELLING? Long selling? Short Buying? ....never heard of those terms, I don't think so. + +Then it hit me and I think my brain gained a wrinkle..... + +# RECALLING LENT-OUT SHARES IS THE INVERSE MARKET TRANSACTION TO SHORT-SELLLING!!!! + +This is why I think BlackRock will recall their shares. Additional considerations below but first, let me summarize *why a share recall is the market inverse of short selling*: + +* Selling short means you **borrow** a share from a share owner for a fee (borrow rate). You then sell that share on the market. Thus, the shorter effectively has two IOU's, 1) to deliver the share back to the lender, and 2) to deliver a share to the person they sold it to. +* This creates a **~~synthetic~~** **induced supply** of shares. The lender thinks they own a share (they do) and the person who bought the share from the short seller thinks they own a share (they do) - BUT THERE IS ONLY ONE SHARE. +* Thus, the market responds to the additional share supply pressure by dropping the price. Simple law of supply and demand. +* if every market transaction has a yin and yang, what is the ying to short seller's yang? Well, if short selling creates a *~~synthetic~~* *induced supply* of the underlying asset, you need a transaction that creates a S~~YNTHETIC~~ INDUCED DEMAND. What is that transaction? TOTAL RECALL. Let me explain: +* ~~When you recall a share, you create synthetic induced demand because it forces the short seller to find a share and cover. If one share one lent and re-lent many many times, recalling that share reverses (literal UNO reverse card) all those short sell transactions that flooded the market with synthetic supply. The recall forces those transactions to be covered.~~ **~~So recalling ONE share forces a synthetic demand to hit the market to close every short position represented by that share.~~** *~~The natural inverse of the short sell.~~* ~~See my post linked above for a more detailed discussion.~~ **EDIT** this comment may require additional analysis by others to confirm. I’m open to feedback on this piece. Regardless if it collapses a single synthetic supply, or multiple, still needs more analysis, as rightly pointed out by u/Galbert123. Nonetheless I think the following still holds, as a recall could be a possible catalyst for the MOASS. **DO NOT SET A DATE.** + +**WHAT THIS MEANS and MY PREDICTIONS (not financial advice)** + +* NOBODY should give BlackRock a hard time for this fundamental market transaction: share recall. This is 100% the short sellers fault. Recalling a lent out share is a fundamental right of a shareholder (**Edit - subject to the terms of the contractual agreement between lender and borrower, but c'mon there is always a termination clause).** +* Black Rock always planned to recall this month. All the cryptic tweets point to this. +* Reddit smelled what was going on and jumped on this. HF's doubled down. Turned this smart investment play by Black Rock into a market-threatening powderkeg. +* Upon realizing the powderkeg this play turned into, Black Rock told the DTC to get their ducks in a row and prepare for the nuke to drop. DTC said ok and instituted new rules. Black Rock keeps the borrow rate low and price in check while the ramparts are shored up. (remember, they are long on many other positions and down want this nuke to blow up in their face). +* Black Rock increases their cash reserves waiting to pounce on the inevitable market dip while they cannibalize Citadel and the HF's corpses. +* The HF's are in such a hole that either the share recall will trigger the MOASS, or margin-called hedgies trigger it (when high borrow rates hit). Either way it is a massive chain of collateral dominos that are about to fall and will crush the HF's and Citadel. +* Is Black Rock our friend? Well, they might be right now. But should we be worried when the MOASS turns them into one of the most powerful financial entities on the planet? Ya maybe we should be a bit worried. They are no angel either. +* Black Rock wants to trigger it by doing the share recall. Waiting for borrow fees to rise and panic-margin calling to set this thing off is NOT how they want to play it. They want to know when and exactly how this will play out, and they want to be in full control to capitalize on the fallout. There is too much risk in just letting this go on too long. + +**TLDR;** share recall is the fundamental inverse market transaction to a short-sell. Black Rock laid a trap and is about to unload on the shortsellers. Get ready for a big correction. + +Not financial advice this is all opinion and hypothetical. + +\*Edit - changed flair to opinion as rightly pointed out by many. This is not intended to set a date. Squeeze could be triggered multiple ways, this is just a narrative that attempts to connect the dots. +Hello Apes and welcome to the evening news. Tonight's story is one brought to us by u/stonkyagraha. Thank you stonkyagraha for this excellent tip. If you have a tip to submit, post it in the sub WeAreAPE for us to dissect and report. + +[Maxine Waters on 07\/28\/2021 proposed a bill for market transparency, in her speech referencing GameStop and the naked shorting situation. Representatives Bill Huizenga, Anthony Gonzalez, and Ann Wagner were the only 3 detractors to vote against the bill. Maxine argued admirably in defense of the bill, but ultimately her hands were tied by the naysayers on the committee. u\/stonkyagraha discovered through the FEC.gov publicly available data that by strange coincidence these 3 naysayers also received monetary donations to their campaigns from Ken Griffin and Steve Cohen.](https://reddit.com/link/oubvwm/video/bv1ocuezg9e71/player) + +Watch the video from the Official U.S. House Committee on Financial Services Youtube Channel [https://www.youtube.com/watch?v=2Wzt-SMH744&t=15708s](https://www.youtube.com/watch?v=2Wzt-SMH744&t=15708s) + +Check the FEC.gov releases regarding the campaign finance contributions to the 3 naysayers who voted against market transparency as it relates to the GameStop naked shorting situation: + +Donations by Ken Griffin to Bill Huizenga's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00459297&contributor\_name=griffin](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00459297&contributor_name=griffin) + +Donations by Steve Cohen to Bill Huizenga's campaign:: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00459297&contributor\_name=Cohen](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00459297&contributor_name=Cohen) + +Donations by Ken Griffin to Anthony Gonzalez's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00654079&contributor\_name=GRIFFIN%2C+KENNETH&contributor\_employer=CITADEL%2C+LLC](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00654079&contributor_name=GRIFFIN%2C+KENNETH&contributor_employer=CITADEL%2C+LLC) + +Donations by Ken Griffin to Ann Wagner's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00495846&contributor\_name=GRIFFIN%2C+KENNETH&contributor\_employer=CITADEL%2C+LLC](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00495846&contributor_name=GRIFFIN%2C+KENNETH&contributor_employer=CITADEL%2C+LLC) + +&#x200B; + +Credits for tonight's broadcast: + +u/stonkyagraha \- Without your tip, we would not have been able to report this story. Thank you. + +u/justkeeplaughing \- Production Director, Script writer, Voice Over Artist - "Jackie Tetas" + +u/GlassGoose4PSN \- Director of Broadcast, 3D Animator, Motion Capture +Anyone have any idea when this thing is going to pop? I thought it would keep going up with inflation but maybe it will cool when the interest rate goes up? + +[https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/](https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/) +I'm about to claim a car that we cannot use. I know nothing about owning, driving, or selling a car. We plan too sell it. + +What steps do we need to take? The only person I know who can drive and help us is money hungry, so if like to not involve him, my finances dad. My family lives far away, but could probably ask. + + After that, I pls to use most of that money towards debt and the rest we need. + +Wyatt are your suggestions on steps to take? +What up Autists, Retards, Autistic retards, retarded autists, re-tistic au-tards, tardau tisticsre, degenerate gamblers, wise investors, YOLO kings, loss queens, dumb cunts and the rest of you that resides in this hive of scum and villainy. + +It's ya boy BigJimBeef coming at ya with Fridays Bets and Bans and [Big Bouncing Breasts](https://www.youtube.com/watch?v=25GNYaiEDhs) post. I am absou-fucking-loutley honored to have been asked to do this and as the 1st person to have a go at it I am going to knock back 6 shots of Tequila 2 shots of Rum and see where this night takes us. So before I black out or become completely incoherent lets act like a highly trained malnourished Olympian and [dive](https://youtu.be/T33IE_RohGM?t=6) right in: + + + +Coming in hot u/ChalkyAus bet that LKE will make another Market Sensitive announcement (not their quarterly) before 10 August or he will take a fortnight with the sad sacks on the other side of the fence... in other words he will have 2 weeks ban. [Graph](https://imgur.com/a/ar5ziVr) + +Next with his/her/they/their smouldering good looks and meme stock investing skills is + u/_Smoulder_ who bets that if Z1P, everyone's fav BNPL meme stock, doesn’t reach $11.5 before Aug 31st he’ll take a 31 day ban. With only a few days to go the tension is palpable. Let's see what news drives the price up 50% :P + +I have some skin in the game on this next bet and I am shocked and appalled that anyone would make a ban bet about this particular dodgy fucking penny stock BPH. Seriously guys how many brothers have to fall to NOPTA approval? Anyway BPH to get approval by 31st of May hold up a sec, fucking scratch that u/FameLuck extended this one by 3 months by doing that [shoey](https://www.reddit.com/r/ASX_Bets/comments/noozhu/fameluck_shoey_warning_ginger_face_reveal/?ref=share&ref_source=link) so at the end of August if BPH don't have NOPTA approval u/FameLuck gets a one year ban. Flash forward to 2055 when it's still not approved and the robot overlords rule us all. + +So anyone remember that fucking [poll](https://www.reddit.com/poll/nry9a9) about the ban or mow the lawn in a pair of golden speedos that u/heavy798 was involved in? Well it comes due on the 31st of August. Tick tock motherfuckers. Looking forward to that video, get your popcorn ready. + +u/Coloneloscoppy has a bet due on at the end of August as well. Pretty fucking high stakes, a year ban if BBUS below 1.2575 on August 31st. + +Ok so if u/yaals doubles their money on YOW within 3 months u/debtandregret1984 will eat a yowie toy. Did this happen? Will u/debtandregret1984 eat a yowie toy? I have no clue. + + + If RAC touched $2 yesterday on August 5th u/theoriginaluser01 has some to do a pretty standard warm milk shoey. Taste that milky goodness. + +OZL going to be hitting $30 by the end of September or a 1 month ban for /u/daddyhitch + +2 week ban if LKE doesn't fall on its balls back below 45c by 13th August ban for /u/BillyZaneTrain. +Looks like it wasn't even close so a ban for BZT. Also I am semi-reliably informed that the big BZT is dating an actual gold medal winning swimmer. Big if true and would be nice to know that at least one person in the relationship is doing something with their life. + +CXO finish green on Friday the 6th or /u/Take1tez takes a 1 month ban. It didn't so that's a swift banning. + + +u/Logicorluck bet a weeks ban if ROG does not hit .015 by Monday close... I am not sure about the exact date but I am going to take a wild guess and say it didn't since the highest i see is 1c over the last month or so. + +u/thub1990 bet 1 week ban if LKE doesn't hit 70c by close on Monday at some point. Once again... Yes that's a banning. + +LKE to trade within the 25-30c range by the end of August. Not long left and it looks like u/billy2608 will take a month off and donate $50 to charity. Unless of course it drops by 50% in the next few days. Seems as unlikely as z1p to $11. Also u/ewanelaborate jumped in on this i believe. + +This one is slightly complicated but + +u/darkraiden u/FameLuck u/Texas_Tom u/LittleTimmysGrowFund u/VintageKrumb Losers on the PUR bet to take 4 week ban. +The bet was: PUR will hit 9c before VML hits 7c or vice versa. Condition: Close on the day they hit must be at least 90% of target (8.1/9c and 6.3/7c respectively). [To counteract next investor pumps] + + + +u/redditanomalyy bet 1 year ban ABB will trade above $4 by end of year. Looks likely from where I am sitting. Tick tock! + +noted IXR to close grey or u/logofpoo purchases 1 share of DLC. Can you even buy 1 share ? I believe the minimum is $500 so I have no idea how this will work, sort it out! +Proof or ban u/c-migs user was banned for not having any proof. + +Our resident mod u/mcfucking called a proof or ban on u/camthebogan for saying he had 6 figures worth of BRK. Looks like he deleted his post and his account possibly as well. What a coward. + +u/BrianWright45 banned for spammed. What a jerk. + +u/ggidd has a 30 day ban for shilling. If you want a link to the said shilling you are shit out of luck cause the link i was sent dosnt work. I hope this one wasn't in error. + + +Quoting u/itsdankreddit :I'll take a one week ban if it (RFX) doesn't close above .063 this Friday close. Lets see how this one plays out. + + +Ol' mate and big swinging granny tits /u/rhythm34 won a quick bet that KNI would get a speeding ticket. Low hanging fruit but a bets a bet. + +u/sayayyy bet if CLT doesn't close at or above 0.080 by Friday close he'll take a week's ban + +Also u/flemdiggitty has probably a new ASX_BETS record on VUL. Bought in at 20c and is still holding. A Congratulations and well deserved fuck you is in order. I never felt comfortable that a retard like me was holding the record so i am glad someone else has it now. Unless of course i still have the biggest realized gain percentage record in which case can someone sell some VUL and take it off me. + +When I started this i had no idea the amount of work that went into these posts. Fuck a duck it goes on and on. The amount of ban bets is ridiculous! The mods put in a stupid amount of work and we need to put some damn respect on [ them] (https://www.youtube.com/watch?v=4jLT7GQYNhI) . + +SO i have a funny feeling deep in my balls that this will not be the end of the guest posts. Who will be next? Will Melvin Butters make a triumphant return? Will Plucky finish up with the butt stuff long enough to put a massive bet/ban post together? Could it be someone back from the dead? I will let the speculation go wild. Or mild. Its probably going to be some crazy cooky cunt anyway. + +On a slightly more personal note I am quite sorry that i have not been posting as many memes as i used too, work has been getting [crazier](https://www.youtube.com/watch?v=3fHl9bxVT58). I enjoy the extra money but I do miss the time i used to spend researching stocks and making memes for you all. Also I have been noticing a definite downside in my portfolio since i cant spend 5 hours a day looking into every aspect of the market. Might be a life lesson there. + +See you all! +Edit: Misleading title due to a little lack of knowledge.The title should read: + +# SPY is on track to have had no gains by May/June 2022 from 2021. + +With all the inflation talk, I got to wondering what SPY would look like if it were adjusted for inflation. + +Naturally, I had to compare it to the unadjusted SPY price. + +[2018 - Present](https://preview.redd.it/ga71o0rylhn71.png?width=1352&format=png&auto=webp&s=e7bb6d14d191c22fb25294639e41d26a1b4bb848) + +[2000 - Present](https://preview.redd.it/22gsuzfblhn71.png?width=1366&format=png&auto=webp&s=ddf8c06f98622d8ca0492e2e153ec82d7f1f6d99) + +I was shocked to find that sometime between May and June of 2021, **SPY adjusted for inflation falls below the actual SPY price for the first time since the year 2000** (likely the first time ever). + +What this means is that ~~nobody invested in SPY (and likely most of the broader market) is actually making money.~~ if we continue at the same pace, by May/June 2022 SPY will have not realized gains. + +For those of you lost on what I mean by this; **the purchasing power of the dollar has fallen by so much, that it will exceed any gains seen while investing in SPY by May/June 2022.** + +I am no market expert, but if on average the people/entities in the market are not making money, then surely we are at a tipping point. + +I have been waiting to see if inflation would go to 7-8% and surpass real growth. But little did I know, it had already done so. I just needed to do the comparison. + +As a slight counter DD to myself, it's reasonable to presume that perhaps the large entities in the market may not be affected as much due to the way CPI is calculated and is mostly relevant only to those engaged in those markets. However, if we assume that the CPI is very close to true inflation across the board, then the original point of this post still stands. + +# Opinion: + +I personally believe that this is a big deal, but I'm curious to hear what others think. In my mind, if the majority of people on wall st. are starting to not making money, then something has to break and break it will. I suspect this will encourage the selling off of debt for corporations as they try and weather out the months on end where they are not making money in the market as they usually would. Those who choose not to sell off will have to increase their leverage even further to make any profit, thereby making the market further unstable. Since most of this inflation has happened in the last quarter, I expect sentiment in the market to shift rapidly as we head into Q4 (October 1st) as fund managers do the math for themselves and realize they are actually generally losing money by investing in the market. Let me know what you guys think. + +Inflation-adjusted data sourced from:[https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month](https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month) + +&#x200B; + +Edit: Some of you in the comments are calling this post misinformation because I did not know the correct way in which inflation data was calculated. Let me explain to you one simple thing. I did not calculate the inflation-adjusted data myself. It was calculated by the source I posted above. I have reviewed how they calculate this and so far as I can tell, it is correct. It makes no difference how I believed it was calculated. Now if you guys have a problem with how the website has calculated their figures, then I suggest you look into how they've done that and comment back here. + +Edit2: Since we have cleared up the fact that my data is not wrong, some have pointed out that my assumptions in the title and body are incorrect, and you'd be correct. The fact is, technically, you would have still made gains investing in SPY. HOWEVER, and this is a big however, the revised interpretation of this data is that SPY is ON TRACK to have had no buying power gains by May/June 2022. +Lately there has been a lot of global issues and inflation has certainly reared its head, and people are panicking like it’s some rabid animal that just got released to kill a bunch of sheeps dreams of getting rich. But its really not the issue at the moment, so let’s look at why. First off, we have bigger issues such as Chinas economy is slowing down and they appear to be doing everything they can to speed it back up but its just not working, we have people getting mortgages they shouldn’t be and can’t afford (In my shit opinion) and we have the US doing its own random shit which is always more important than whatever we are doing. + +Inflation is the necessary evil we need, because if we had deflation where things get cheaper the economy would go backwards and shit itself quite quickly. For anyone who doesn’t know much about inflation/deflation, imagine if you knew every year things like a car would get cheaper, well you wouldn’t bother buying one this year, because next year you could get a better one…and you can quickly see how this would domino out of control quite fast. So, deflation is not a solution for that simple reason, but inflation also needs to be controlled. If you want to give yourself a history lesson you can look at Nazi Germany where it got to the point it was cheaper to burn money than to go and buy the wood to burn, now obviously that’s a complete shit show and extreme, but even in current times we have countries like Zimbabwe, Venezuela and even some like Argentina with insane inflation rates, and as you can imagine nobody wants to be like them. + +&#x200B; + +https://preview.redd.it/t9ty7ebnk0y71.png?width=602&format=png&auto=webp&s=5c384e67d9819b5a3d49ce9935121be208fa6fc7 + +So why does the RBA aim for 2-3%? + [https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html](https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html) + +Well, here’s a link to their website where they explain it in more detail and use fancy colours and graphs, but essentially stable and low inflation allows for stable and good economic growth, which is a win win for everyone. Now the issue is at what point do we need to figure out when to change it and how do we do that? Without going down the rabbit hole too much its all about interest rates, if inflation gets too high the RBA raises interest rates because people are less likely to borrow money and then money becomes more valuable. The opposite is also true, if the economy is doing shit, then interest rates get lowered…but wait we are at record low interest rates! EXACTLY!! Its almost as if inflation was expected, and if you combine this with the government also jumping and trying to boost the economy, a year or 2 of high inflation is expected. This doesn’t mean it’s a major issue, because if you are aiming for 2-3% long term and over the past 10 years we have not hit it, then a couple years of \~5% will help balance it out, but this is a bit of a shock and not what companies want. + +Companies who can’t control their prices don’t want inflation because it means less profits. Lets imagine you have a little lemonade stand which you sell a hint of coke in, now imagine the price to get all these supplies increases but you aren’t allowed to increase prices due to competition, regulations or whatever, well then you are the one who is going to get shit on and if you make no profits, you business dies and people will go another lemonade stand, even if it doesn’t have a hint of coke in it! So, if we can’t control the prices with high inflation what else can we do as a company? Well, you will notice debt is also cheaper surprise surprise, and so companies can take advantage of this and use the extra debt to force the growth and it’s a win win again!! Until you look at the balance sheet or interest rates rise, and they are forced to pay back more than they can afford and the company realises they are over leveraged. Once again just use the lemonade stand idea and imagine debt increases, your prices don’t and your profits go down…. well you will sink faster than the lemonade. + +So, What companies benefit from inflation rises? Companies which are resistant to inflation or companies which have pricing power and can adjust it if needed. To start with mining companies are usually quite inflation resistant because they are tied to the commodity price, this is why when we saw the recent commodity boom, even though inflation was a fear, nobody cared, and the stocks followed commodity prices. But companies which can take advantage of this are ones which are able to exploit the extra room for debt, increase prices, increase profit, and ultimately speed up their growth… okay yes yes, so what companies? Well, the one example I’m going to use is PME which I have done too much research and made not enough profit from, they have a tech which radiology and health care clinics can use and it has no competition essentially. So, if inflation rises, they can increase the prices as they make the money on a per usage basis, now obviously it’s a bit harder than that and there’s details, but that’s the general point. + [https://www.youtube.com/watch?v=tlwyV3DYPHY](https://www.youtube.com/watch?v=tlwyV3DYPHY) + +Last and least important because they are boomer stonks are the banks, banks do well from interest rates increasing assuming one key factor, which is people can pay back their loans after rates have increased. If people can, then they get more money which means more profits which means more dividends and it’s a win win!! The issue comes in if people are over leveraged and start defaulting on loans and particularly mortgages which is what happened in the GFC, and the banks fucked themselves over and its really quiet a comedic shitshow from an outside perspective in terms of how the banks ruined themselves. + +Summary- + Ultimately inflation is not the devil you need to worry about, its China and the US because their economies are much more important globally and their growth is directly tied to us. If we have a year or two of inflation at 5%, presuming your company has quality management and doesn’t get fucked during the period, then it could provide some buying opportunities or just a different environment. Now this post doesn’t really explore the issue of interest rates rising/declining because this would just drag on, but ill probably do one on interest rates one day. The main thing to look at though is when will interest rates rise, how will this impact my company and are they over leveraged in terms of debt? If your company will do fine during inflationary periods and they are not over leveraged, then you shouldn’t be panicking wondering when the world will collapse. Just buy companies you like when you see good value and then figure the rest out, worrying about inflation is the RBAs job and they can’t even do that, so what chance have you got? Also its nice to be back retards +Two things that have led me here 1. Trying to figure out WTF Michael Burrry was trying to reference and getting it wrong several times 2. Why the fuck do we care so much about the Feds ON-RRP operation? + +There’s been so much hype about the ON-RRP volume the past three months or so, and it made me reflect. I don’t actually know **why** I’m hyped about it or **why** people keep posting about it. I had a good idea of why, at least I thought I did, but I decided to go about researching it further and ended up collaborating with a repo expert who’s had over 20+ years in the industry working at 3 different primary dealers. + +**All I knew was incorrect.** From how the Feds ON-RRPs are used, who is putting the money into ON-RRPs, and why I was hyped about it increasing every day. + +So let’s go on a journey to understand some history of the Feds ON-RRP operations and how that led me to realising I was looking at the wrong hints from Michael Burrry. + +&#x200B; + +1. A Series of Unfortunate Events +2. Honey, I Sucked All the Liquidity Out +3. Honey, I Blew up the Rates +4. Star Wars: The Fed Strikes Back +5. What Michael Burrrry was trying to allude to (ran outa puns) + +&#x200B; + +# A Series of Unfortunate Events + +https://preview.redd.it/d9o37zup8e871.png?width=960&format=png&auto=webp&s=245f72ebfbbe0147f89cb7643aed6196546202b6 + +From the above, you can see how this was a disaster waiting from back in 2008 when they started buying up assets due to the GFC. It all came to nip them back in the butt, let’s see what happened next shall we? + +&#x200B; + +# Honey, I Sucked All the Liquidity Out + +https://preview.redd.it/jikg6isy8e871.png?width=960&format=png&auto=webp&s=6d1c0ccd93eead724b0230da757905b1e1edfd41 + +Despite people often referring to 6. (myself included in a past DD) as Quantitative Easing (QE), it’s not. It looks like it though on face value. The Fed had to say it was not specifically in previous notes and meetings, as these types of operations do not stimulate the economy, it’s just the get the markets “oiled up again”. We’re talking about their repo operations here specifically, not adding back assets to their balance sheet. + +**Rates, Rates and Rates** + +Before we get into the next section, let’s understand the floor system that the Fed uses. The general gist of a floor with subfloor system, the fed sets several targets. Policy is announced as a target range for fed funds rate, top range of that is given by the IOER that they set and the bottom is the ON-RRP. + +Interest Rate on Excess Reserves = IOER = Floor + +Overnight Reverse Repo= ON-RRP = Subfloor + +Why not call it a roof and floor? To make it confusing for anyone that’s not in their world to understand 😂 + +Below is a visualisation to help put it in perspective, the federal funds rate aims to sit in the middle generally. + +&#x200B; + +https://preview.redd.it/bkzktfp59e871.png?width=651&format=png&auto=webp&s=dc73e43dbe1db2a77215cf5642b3d7229f298387 + +&#x200B; + +# Honey, I Blew up the Rates + +https://preview.redd.it/og4qpt799e871.png?width=960&format=png&auto=webp&s=57a0af2bdb7c3d3250e437308781107ee451707a + +**What happens if the fed funds rate were higher than the IOER?** + +That would mean a bank wanting to lend their cash would earn more interest on the fed funds market compared to lending to the fed at the IOER - aka the money the fed pays them on their reserves. This demand for fed funds would then cause the fed funds rate to go down (theoretically). + +**Let’s Chat ON-RRP** + +We only talk about the recent spike in activity, and totally ignore what’s happened previously. This ends up leaving us uninformed of the contextual reasons for it spiking. + +So starting in that rough 2018 period, it becomes obvious that the ON-RRP facility is not actually helping all that much when it comes to their ability to control the federal funds rate, keeping it within the 25-basis point target range they had back then. + +There’s also another reason for their disappearance which is to do with the Fed hiking rates from 2016 onwards, the banks can now get paid more in interest from the Fed on their reserves in comparison. There’s liquidity regulations nowadays in comparison to pre GFC times. The Liquidity Coverage Ratio (LCR) is a big boi, but in summary, banks just need to hold some combination of reserves and U.S. treasury securities to guard against deposit outflows in times of market stress. + +Due to a range of reasons, banks actually prefer reserves compared to securities - main reason being if treasuries are sold off quickly, it’ll drive prices down, so in the end, reserves are preferred. + +&#x200B; + +# Rate Wars: The Fed Strikes Back + +https://preview.redd.it/8mlk2m0e9e871.png?width=960&format=png&auto=webp&s=7bc4dd1536cee9bf4e59eb274b6f3cc288553793 + +That was a lengthy one, but now you know the contextual history of how the Fed manages its rates and why RRP is exploding (on purpose to manage rates, if that was not clear already). It’s honestly not that big of a deal that people make it. Please remember online new sources do tend to write for viewership, as such, disaster writing will bring in more viewership than boring macro economics talk…. + +Let’s dig into some myths that often get talked about incorrectly in relation to ON-RRPs operations of the Fed. Before we get to debunking, let’s understand Tri Party and what itm eans. + +**Tri Party Repos** + +Both Repo and Reverse Repo operations are done in a triparty format (also remember, they are one in the same transaction). Only around 0.1% are done DVP (directly). This is largely for efficiency purposes - let’s visualise what this tri party process looks like. + +&#x200B; + +https://preview.redd.it/uen1anm8re871.png?width=967&format=png&auto=webp&s=aee789cfa3951aea8ce1a72e9bc51cb697ccc31c + +The most obvious thing with a triparty repo is that the customer receiving the collateral does not have access it. It’s sitting in the trade shell the custodial bank set-up. So if the they want to re-use the collateral sitting in that shell, it’s actually the custodial bank that’ll set that up. DVP (Direct) can’t be reused unlike Tri-party. + +Collateral Re-use is simply as follows, custodial bank takes the existing shell and puts it into another shell. + +I think we know enough now, so let’s get to debunking! + +&#x200B; + +# Debunk Time! + +**Hedge Funds are involved with RRP** + +This is not exactly a popular one, but i’ve seen it mentioned before. HFs have zero involvement in the Feds’ ON-RRP market. The following link plainly debunks this one. [https://www.newyorkfed.org/markets/rrp\_counterparties#reverse-repo-counterparties](https://www.newyorkfed.org/markets/rrp_counterparties#reverse-repo-counterparties) + +While HFs are not involved with the Feds’ ON-RRP market, they certainly are in the repo market as it’s how they leverage their long positions and cover their short positions. + +&#x200B; + +**The effect of the high RRP amounts will blow up everything** + +The above is dramatic, but you get the general vibe that’s shared within the sub. All the analysis we’ve done above should give you the answer. Once rates increase, money market funds will move elsewhere. We’ve seen recent increases, so why no change in ON-RRP volume? Because MMFs are not gonna show a rate better than 5bps, as the repo market also moved up the same amount… So why move your money if there’s no benefit? We can observe the recent days tapering off in volume since the 5bps increase, so this will likely be the future trend, if not decreasing. + +The Fed will continue its balancing act. It is very much a build-up from 2008 and u/criand ’s recent post is some good storytelling on it (as well as this DD from a more technical standpoint). As such the Fed are learning as they go, it’s becoming clear that loading up the ON-RRP facility is not sufficient to influence rates, which is displayed through the most recent rate increase by 0.05%. They just does not care about the volume of ON-RRP being high, because that’s how it’s designed to work, policy-wise. They have far more assets than the participants have cash, so as long as demand is there it’ll keep rising until something otherwise changes (such as rates increasing as mentioned above). + +We’re only noticing this because big numbers attract attention and we made a connection between rehypothecation and reverse repos. But wrongly so in my opinion. (pls no pitch forks). + +&#x200B; + +**RRP is used to support trading/margin functions** + +This is not a popular theory either, but better to touch on it while we’re here. + +It’s illogical to use RRP as a way to post margin. It “could” be done, but why would you spend cash to borrow treasury securities? You end up in the same spot regardless if you’re using cash or a security to post for margin. + +&#x200B; + +**Trading 212** + +May as well touch on this topic while it’s making its rounds. What’s described in their terms they are trying to get people to agree to is described as a collateral swap with a haircut. The haircut is anything over that 100% mark. To be clear, it's very common and it should not come as a surprise to anyone who has bought shares through a broker that lends out customers' shares. + +You should get in contact and ask what type of collateral is posted and MORE IMPORTANTLY ask for your shares not to be lent out. If they say “nah dawg”, then ask if you get the profits reaped from the haircut in the case above, or any interest charged. + +As to what happens when the MOASS happens and HFs start going bankrupt, no clue. A good topic for someone to delve into. What about bond value taking a dive? Dunno, best guess would be they'd have brokers knocking on their door. + +&#x200B; + +**Treasury Securities are being shorted utilising rehypothecation** + +I think this is probably the biggest theory that’s misunderstood. + +It’s technically possible to do this, the problem is that it just makes no sense to do it. The main reason is due to how the shell functions that the Custodial bank sets up. They create a shell for the collateral that the Fed dumps their securities into, the only problem is, the dealer/counterparty does not know which issue they’ll get in that shell. The Fed decides what to put in that shell. + +So let’s imagine you are wanting to short a bill and you have a crystal ball. + +You’re not gonna be shorting a 3 month bill simply due to the maturity of the trade, and more likely a longer dated issue such as the 30yr where you’ll make far more money. + +Using the crystal ball: + +IF you knew the bill or bond being given in the RRP shell + +AND IF you could sell that issue in time before the market closed for the day AND sell it for cash (same day) settlement. + +AND IF the Fed whispered in your ear that you’d have it for a week straight (meaning you won’t have any fail to delivers) + +AND IF the Fed did this all in DVP for you (0.1% of all ON-RRP trades, Fed only does Tri-party), else you can’t touch the security as it’s in a shell created by the custodial bank + +So if all these unlikely things were to occur, you’re still in the pickle of being in the need to buy back the bond you shorted the next day (because these are overnight transactions remember), if you don’t find it then you’ll be on the hook for 300bps (3%) a day on FTD charges, which in the bond world, is a big deal. + +You’d also likely need to be a primary dealer (big boys like goldman) to pull this off in the first place, but the Fed would get pissed and you’re jeopardizing your primary dealership status - which is something you don’t want to risk as you’ll make more money being a primary dealer rather than being kicked out of the club. + +The source i’ve been working with has said over his 24 years time at a variety of primary dealers, Not one would have voluntarily shorted ON-RRP bonds. It’s just way too risky and there’s virtually no upside - IF you could even pull off the above in the first place. + +&#x200B; + +# Figuring out what MB meant this whole damn time…. + +There’s been three things that Michael Burrry mainly tweets about + +1. Cryptocurrency +2. Inflation +3. Leverage + +(and random non financial stuff - borrrrinnngggg) + +I’ve personally been on a mission to understand wtf he meant ever since he deleted his profile the first time, leaving us a link to a note from the federal reserves on the in and outs of collateral re-use (pictured below). + +&#x200B; + +https://preview.redd.it/5am3ooiw9e871.png?width=293&format=png&auto=webp&s=b82b1cf9a74245668d1b6e70c38cce817ca7d23c + +The Fed note was so so heavily focused on Reverse Repos, Repos, Rehypothecation that it clouded my judgement in terms of what he was trying to reference within that paper. Largely because it was the talk of the town at the time (and still is), but as we went through above, the purpose of that was to show that the **ON-RRP numbers we screenshot all day are not a huge concern.** + +&#x200B; + +https://preview.redd.it/lvvgvacy9e871.png?width=943&format=png&auto=webp&s=5cd3a571ee45636e2cff0878f4124c3e2e0004c5 + +It’s the tweet above that ironically connected the dots for me, but also answered the question in itself as it gave us what we already knew in a way. But i’ll walk you through what i perceived him trying to point out in regards to the speculative bubble. I believe this was the chart he was alluding reference to, specifically, the margin loans trend. + +&#x200B; + +https://preview.redd.it/y00d0gx0ae871.png?width=596&format=png&auto=webp&s=ca28cbc11b56922c5258057dc421f8eb3ac2e545 + +**Unencumbered Products** + +This refers to positions that are purchased outright that are free of legal, regulatory, contractual or other restriction on the ability of the reporting entity to monetize the assets. The entity in this case are primary dealers, the big bois of the world, of which 24 exist. You can find the list [here](https://www.newyorkfed.org/markets/primarydealers), names from Goldman, Morgan Stanley to you get the gist. Now note, the chart above is only based on a subset of primary dealers, so the numbers could very well be bigger. + +**Back to the Chart** + +What we can see is the following: + +https://preview.redd.it/913chwt2ae871.png?width=960&format=png&auto=webp&s=db38ca9e7f2d6172edff30ab7ddaf924f4d72571 + +I was attempting to find what “order of magnitude by 2” he was referring to, and the closest thing i can refer to is the total is how margin+cash accounts have gone from millions -> billions -> trillions. The greatest crash in US history was “The Wall Street Crash” in 1929 (or at least most famous, please correct me if i’m wrong), sadly i don’t have data that goes back that far - but i don’t think it’d be a long shot to imagine that aggregate margin+cash accounts may have been in the tippy top of the millions in the 1920’s. + +Therefore we’ve gone from millions in the 1920’s to billions in the late 1900’s and we’ve just hit the trillion mark in Dec-2020. So there are your two orders of magnitude ladies and gentlemen. + +And that is what i believe MB has been referring to, we obviously did not figure it out, because the dude had to come back from his SEC enforced slumber to literally serve it up on a plate via a tweet. + +It essentially comes down to this logic in the past year since COVID happened, with primary dealers, aka big banks like Goldman saying “Yeah nah, we’re not gonna get fucked, let’s pump cash into the market via our HF buddies to make sure they don’t tank and continue their bull run” - *All while being leveraged to the tits…* pretty easy judgement to make from my POV. As we say, kick that can down the road. + +**TL;DR** + +* The Feds ON-RRP are really nothing to be worrying about, let alone posting everyday. As soon as rates go up high enough, Money Market Funds (make up majority of ON-RRP volume) will take their cash elsewhere (we’re starting to see this already) +* Hedge funds are not involved in ON-RRP as they are not “on the VIP list” if ya get what i mean +* ON-RRP is not used to support margin/trading functions +* Treasury securities that are rehypothecated are not being shorted (it’s purely illogical) +* Margin balances are fucked at $800b+ an \~83% increase from last year. It really feels like they are trying to prop the market up via speculative and spectacularly dumping cash into the market (don’t forget the increased presence of retail in these markets now as well) + +**Counter DD** + +The first part of the DD tends to go against the grain of [https://www.reddit.com/r/Superstonk/comments/o9aanm/black\_monday\_events\_are\_mondays\_which\_experience/](https://www.reddit.com/r/Superstonk/comments/o9aanm/black_monday_events_are_mondays_which_experience/) which is u/Criand’s post about RRP in some areas. To note, i agree on most points about the spikes re EOM dates. + +The thing i have the largest disagreeance with is that the Feds ON-RRP operations are something to worry about. As soon as rates go up to a certain level, MMFs will start moving their cash elsewhere and ON-RRP volume will shrink again (and treasury balance for the Fed increases as a result). My prediction is that we’ll enter a similar cycle before 2020 where rate increases become more abundant (we’re seeing hints of this already with recent 5bps increase). + +Edit: Fuck. Ignore the orders of magnitude part. I overshot big-time 😅 10\^6, 10\^12, 10\^18, far more than two orders of magnitude. It however may be referring to different events 🤔Let me know your thoughts in the comments! + +# Edit: + +Thanks for taking the time to read, judging by the top comments while I was asleep, it looks like i succeeded in creating some awesome discussion and further thoughts on this topic! I encourage you to take this further and write even better DDs that help promote our knowledge within the sub on the matter! + +Thanks for the great comments u/Longjumping_College, u/Criand, u/lightwhite u/Modswithnobods! +Hi All, + +&#x200B; + +A few weeks back my partner and I put in an offer for a house (715,000) - In Melbourne. We were unsuccessful, yet, we saw that the place we put an offer in for sold for $715,200. It seems like the real estate agent has worded up a friend or something of the like? + +I realise the offer is higher, yet could the agent not have let us know and we could have gone higher. + +Is this dodgy or something that commonly occurs? + +&#x200B; + +Thank you, +So I've had my EV for just over 12 months and have been tracking data on cost of ownership since I received it. There is a lot of misinformation out there regarding EV ownership costs, that's the reason I decided to do this. Tracked all the data via Teslascope. + +Reasons I switched is price went down last year + $3000 rebate one car was still available (got in just before the backlog) and my car was coming up to needing replacement and I have access to free charging at work. I was going to purchase a car in similar price range anyway and didn't want another ICE car. + +Car: Tesla Model 3 SR+ 2021 + +KM driven in 12 months: 33,576 km + +Total kWh of power used: 4,466 KwH + +Average energy used per KM: 133wh/KM or 7.51 KM per kWh + +Maintenance cost: $0 (no scheduled servicing) + +Cost of Supercharging (road trips only): $309 + +Cost of Charging at home: $141 (charged primarily at work for free) + +Cost of Charging at home if charging at work wasn't available (no solar): $725 + +EV road tax (VIC): $839.40 **<- great disincentive.** + +Comprehensive insurance: $1252 + +Car rego: $745.90 (- $100 EV Rego VIC) + +12 Months total cost of ownership: $3287.3 ($4012.3 with full charging at home, no solar) + +Happy to answer any questions. + +EDIT: Forgot insurance cost, rego. +Like, no one did this for us. We have all been given the information needed and collectively, yet individually, have all decided to HODL together. We did this. Not an old relative who died and left us a shit ton of money. We didn't suck dick for our beloved stonk. Didn't blackmail anyone to get to the top. We did this. You did this! Together we can, and I believe will, change the world for the better. + +I fucking love you beautiful apes! I trust in RC. This is my life now. Love, peace and HODL to the mooooon! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Anyone purchased an armored car? Thinking about something slightly armored to protect from gang activity cross fire. I’m not a VIP target but people in my community have been caught in cross fire and there are increased car jackings. So don’t need IED, bomb proof vehicle but something that blocks small arms and not ridiculous that it draws attention to itself. Also don’t need to be spending a million dollars on this but i figure if a 80k car becomes 160k that’s a small price to pay to protect against admittedly low probability event but with devastating outcome if it occurred. +I don't know if I'm the only one who thinks this way, but it's extremely difficult for me to comprehend how real estate prices will continue to go up (and outpace inflation) forever. Everyone I talk to in real estate believes that to be the case. + +If prices continue to outpace inflation forever, then eventually no one will be able to own a home except a few people. Eventually it has to hit a point where it levels out. What makes it more difficult is that investors will continue to invest and eventually there will be no homeowners -- only investors and renters. + +Let's take coronavirus for example. The people getting hurt the most are the renters, they are the people losing their jobs. Because of this, they are way less likely to ever buy a home meaning that they are way less likely to buy a home and those homes will be bought by investors. In addition, the homes that get foreclosed on will be bought by investors as well. + +Is anyone else concerned about this? I really don't know the end in sight but it doesn't seem good. Maybe I shouldn't be saying this on this sub, but a system where people continue to gain passive income without providing much work to society doesn't seem sustainable. + +Thoughts? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hi everyone, Bob here. + +I'm just posing this quick update to the FTD status . it slooks like we're going to be seeing increased FTDs moving forward, with a nice spike on C35 ETF FTDs in the near future. No dates, but dates: + +https://preview.redd.it/tefuqljh8ic81.png?width=1074&format=png&auto=webp&s=017f568090352e8a278e36052180f844832bee21 + +This plays nicely with the futures theory posted by the gherkin. his theory and others are looking great - more on them in my recent DD series + +* [Compendium part 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) +* [Compendium part 2](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3) + +**We are in the FTD pileup portion of the cycle, and it looks to be coming to a climax soon.** + +Current price action looks to be the work of sHFs working the price down using puts (or synthetics). + +Wondering what the effect of heavy shorting thru XRT was? + +https://preview.redd.it/rg7hjxj28ic81.png?width=348&format=png&auto=webp&s=41e724de03ff3c6de470c9065686e6596f43403e + +heavy FTDs... time to pay the piper. + +In crayon: + +&#x200B; + +https://preview.redd.it/f8ffm4ewnjc81.png?width=2583&format=png&auto=webp&s=c84d63f4d0e7516be0b3308808ec7230b27f05e1 +I cannot understand the "any selling is weak hands" argument. Why not spend a little more time paying attention to the economy in the short-term, so you can make proactive decisions about your investments? + +Here's a bit of reality for all you genius apes. + +The fed meeting is tomorrow and its going to be a .75 basis point hike. First time since 1994. Some of this is already baked into markets (I'm assuming you've realized by now that your stocks are down almost 10% and crypto is down 30% since Friday), but there is always more room to drop and more pain to come. + +A lot more. + +When JP pulls a switcheroo from .5 to .75 a mere 36 hours before the Fed meeting, you had better bed your ass that he'll open up the doors for more hikes at .75. And he should. A CPI at 8.6 is bonkers with a base funds rate of 1.5%. It's borderline economic catastrophe. Since the invention of the dollar, rate hikes have only successfully brought down inflation once they got within 2.5% of the inflation rate. Get your calculator out bc that means if the inflation rate were to stay at 8.7 (yea right) it would take 6 more rate hikes to get us in the functional range. When he says that "we are now considering .75 rate hikes in July and September, possibly higher" you had better believe people are going to trade whatever they can for cold hard cash. + +And that's not all. + +You've probably heard of Quantitative "Easing". That's how the Fed "prints" money into existence. They create the money on a magic computer and use it to purchase treasuries and mortgage-backed securities (those bundles of mortgages you heard Christian Bale and Steve Carrell talking so much about in The Big Short). The Fed bought 3 boatloads of this stuff in 2008 (these purchases are referred to as the "bailouts"), and up to now they've got about $8,500,000,000,000 worth. That's trillion, with a T. + +Now we get to play a new game. Quantitative "Tightening". + +Starting tomorrow (Wednesday for anyone late to the party), the Fed will sell $45,000,000,000 in assets onto the open market. That's going to be a whole lot of pressure on markets to stay up and we all know people aren't exactly buying-hand-over-fist right now. Their purpose is to bring markets down. That, by definition, is fighting inflation. Remember: price up = bad. Price down = good. + +But the QT fun doesn't end there. The Fed is going to sell another $45 billion in assets in July, and another $45B in August. Then, they will increase the rate to $95 BILLION EVERY MONTH starting in September. At that rate of monthly selling they won't run out of MBS for 7.5 years. + +Let's talk about those mortgage-backed securities for a second. Those bundles of thousands of mortgages we call MBS start out when you buy a house. Or when your cousin buys a condo to rent on Airbnb. Remember when you finally closed on your house and 2 days later you received a letter saying that your loan was purchased by another lender? "Underwriting" is your lender making sure there is a buyer ready and willing to buy this loan the moment you close on the property. That's why you get the notice right away. As you were figuring out to whom you should make your mortgage payment that new lender was bundling your loan with many others to sell yet again to a bigger bank. The bundle grows each time and at some point they refer to them as MBS, and for some reason they are considered much more secure than individual mortgages. They are given ratings like A, BB, CCC, etc. Picture Ryan Gosling playing jenga. Now when the biggest MBS customer not only stops buying but starts dumping MBS onto the market, you can imagine the demand for these bundles of joy will shift. Soon smaller banks can't sell to bigger banks as easily as before. And eventually not at all. This past Friday the market for MBS actually hit "zero bids" for the first time since 2008 (you might have seen a tweet from the actual Michael Burry). As loans become harder to sell, will also become harder to write. And we know what that will do to the housing market. Remember: price down = good. + +Now you're getting it. + +Lastly, because my legs are asleep, you need to understand that most of the money that came into crypto since 2017 was not from people here on reddit. Many of them do not share your diamond hands conviction, and their crypto investment doesn't represent an "inflation hedge". It represents the riskiest thing they've ever done with their money. Ever. Big risk = big reward. And when both the stock market and the housing market get tumultuous, risk assest get sold first. That is what you are starting to see. An almost perfect correlation between crypto and the Nasdaq, just where the swings in crypto gains and losses are exaggerated. + +Unfortunately we are probably one or two cycles away from certain cryptos being seen and used like the scarce resource inflation hedge that they really are. + +So here you are, with all this new knowledge and a bag of Shitcoin Potpourri. And there is a train coming tomorrow that will last until at least through September. + +Good luck! +Last November I thought I was getting a great deal by buying a pass from 24 fitness from Costco. Of course, I did not anticipate a pandemic that would close gyms. I had gotten a good 5 months of use out of the pass, and I figured I was just out of luck. + +Last week I figured, what the heck, maybe I'll see if they can prorate the pass given that the gyms are closed. The CS person was super nice, said he would forward on the request and it shouldn't be a problem. Today I got a credit for the full amount. + +Could not believe it. Costco is awesome. I feel bad about the time I got to use the pass being refunded, but really grateful that they stood by their refund policy. + +edit: thanks for the gold! Also thanks everyone for the great suggestions for other things to buy at Costco. Appliances, tires, and all sorts of things that I might have bought on Amazon are going in the Costco bucket now. +AT&T gets a lot of well deserved criticism for the high debt and poor acquisitions like DirectTV. The dividend, however, is a bright spot currently at 7%. + +My question is, is AT&T a great long term dividend investment play given its a Dividend Aristocrat and the fact that the stock never goes up much so by reinvesting the dividends your able to keep buying year after year at around the same share price? +It's generally required for a parent to co-sign a minor's bank account in the US. Once you turn 18, the best course of action is to establish an account in your name ONLY so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one the minor account was in, to avoid any inadvertent connections between the previous and new account. Bank personnel can make mistakes and link up what they thought were similar accounts, or give close relatives unwelcome access to accounts in an attempt to be "helpful". + +There are several reasons for this. Stories of people who are still using the accounts they had when they were minors who are shocked when their money is suddenly taken away for reasons beyond their control are not uncommon. Parents can have financial problems and either use the money to pay off their debts or the money is seized by the institutions that they owe. There could be disagreements between parents and their kids over the kid's life choices, so they take the money away as a punishment or for control. It could just be selfishness and greed, so the parents decide to just take the money. Who earned the money in the account doesn't matter. If two people are named on the account, the money belongs to both parties and the bank isn't going to stop someone on the account from withdrawing the cash. Getting it back can be a difficult legal process, if it's even possible. + +Having your own account does not mean that parents can't send money if their child needs it. All they need is the account and routing number (the same information that would be on a check) to deposit money into the account. In addition, PayPal, Zelle, Venmo, or any number of banking apps are available they could use to send money if they're still financially supporting their kids or even just want to occasionally send some money as a gift. Other excuses may have good intentions at heart, but from a safety and security standpoint, it's best to establish an independent banking account. +TD ameritrade president was on CNBC talking about the return of the meme stocks. All he mentioned was “day traders”. Then they laughed about how bad of an investment GME is. + +He certainly knows about the DRS movement and didn’t bother mentioning it. Didn’t bother mentioning the thesis of the investment. Didn’t bother mentioning the fundamental transformation GME is making. + +They’re all in on it, pretty obvious. +This is going to be a very short post. I just needed to say this, because I see a lot of folks discourage using a credit card the way I do. + +Every now and then, my wife and I have a big purchase to make. We do have the cash in the bank to do it, but we always call up one of our credit cards, ask for a 0 percent promo, and use the 12 month term (usually it's that length) to pay it off throughout the year. + +No interest paid, and I get to stay more liquid. Ohh and rewards points! + +I've gotten chewed up on this sub for doing that, but it's worked for me numerous times. We trust ourselves to pay it. + +That is all. +Good afternoon lads. + +I have returned from the depths of Uniswap yet again. I had to crawl through scamcoin and gas fee hell to make it back here alive. I will now present to you my research and write-up on the next moonshot. Take heed. + +My illustrious time on this sub has been hallmarked by the creation of untold millions of dollars in cryptocurrency value. Check my profile--the last three posts here were Asko (65x), Strudel (14x), and Chow (15x). I was even gifted Reddit Silver, an achievement that triumphs all. My enormous shitcoin profits pale in comparison to the sheen of that beautiful medal. Thank you kind stranger. + +The coin is VIDYA. Before reading any further, check out the website and teaser. It is probably the coolest and most well done crypto site I have seen, and the teaser is actually funny. High quality stuff. + +Site: [https://team3d.io/](https://team3d.io/) + +Teaser: [https://twitter.com/Team3D\_Official/status/1327748977085779976](https://twitter.com/Team3D_Official/status/1327748977085779976) + +Dex:.[https://www.dextools.io/app/uniswap/pair-explorer/0xda3706c9a099077e6bc389d1baf918565212a54d](https://www.dextools.io/app/uniswap/pair-explorer/0xda3706c9a099077e6bc389d1baf918565212a54d) + +For transparency’s sake, I’m in at $.060 and $.069. + +Quick Tokenomics Rundown: + +2.3M Mcap, volume at a healthy 350k and picking up strongly ( was only 80k yesterday), not a ton of holders. Liq locked through UniPower. + +Devs are non-anon (registered business in Canada, owner is fully doxxed) there are multiple articles from various news sources on the website. Their previous works include blockchain games like TronGoo and TronFarms and the on-chain messaging platform 0x60. + +First, a mesh of pasta from the VIDYA websites and articles will be presented. Then, I’ll further break down and give my opinion/outlook on this coin. + +Da Pasta (skip if you want a more informal breakdown, read through if you want a bit of a deeper understanding): + +VIDYA is a new project by Team3D, the development team behind Vidya Games Incorporated, a blockchain gaming startup from Toronto, Canada. The Vidya platform will include a lineup of fast-paced, turn-based and single-player games which use non-fungible token based items, utilities and cosmetics. As NFTs, these items can perform as cross-game and cross-platform methods of progression tied directly to your Ethereum wallet. Decentralized and player-driven markets, as well as a centralized shopfront, allow users to directly buy and sell NFTs to each other through their vendors, or purchase and mint new items directly from Team3D. Play-to-earn avenues for non-PvP users are not only offered, but appreciated, as they support the artistic goal of the team to produce intriguing content for all kinds of gamers. The transactional volume produced by user engagements with these products assists in funding of the Generator, a staking mechanism that incentivizes lockups with rewards in the form of Vidya tokens, which are circulated through player activity. Every Team3D product can be accessed from the website, referred to as TeamOS due to its stylistic representation of a retro desktop environment combined with a vaporwave aesthetic. + +All items on the Vidya platform are non-fungible tokens, putting ownership in the hands of players and allowing them to manage items from their Ethereum wallets in a trustless and decentralized fashion. These items function as cosmetics, utility, Easter eggs, rewards exchangeable for Vidya tokens and quest items for community challenges. Each wallet has a seven-slotted paper doll for equipping applicable items, providing access to weapon and character skins, attachments and hidden content. Third-party game developers are welcome to request to mint their own item lineup, providing their own various utilities and purposes while supporting the Vidya ecosystem. They can edit and manage their own prices, descriptions and restock times. The Vidya marketplace allows users to vend their items to others, purchase items from other player vendors, or buy them directly from the team with VIDYA tokens. A percentage of all transactions in the marketplace support stakeholders for locking up their Vidya and liquidity provider tokens. + +Back To Me: + +Ok. So now you understand the concept. + +The price action of this coin is unlike 99% of other coins on this sub. Why? Because it hasn’t pumped yet. You aren’t going to be FOMOing into a massive green candle here. + +Their FPS game is set to release soon. Marketing is picking up, and hype is building. Clips of the game, player models, guns, etc. are all being teased. The game looks sick, like actual game dev good, not another bullshit boring crypto game. Think Superhot, Farcry 3 Blood Dragon, and Hotline Miami vibes. Bet on matches with NFTs. There are a ton of test clips on their Twitter. + +This is not a low-tier mobile-esque game like almost every other crypto game. This is a high quality FPS that actually plays like a real game is supposed to. + +Here’s one of the latest updates from the lead dev: + +“Animations for the player-model are complete. We've been grinding out new maps and ideas all the while and are keen to work on rekindled social outreach, regular content and footage releases, and a brand spanking new trailer showcasing all that we've accomplished so far. The fun starts now." + +They even have a staking system as well--The Generator--as mentioned above. It uses the entirety of Team3D’s blockchain games and NFT’s to form an ecosystem for earning tokens. + +Read more about it in the medium article here: [https://team3d.medium.com/the-generator-nft-staking-art-and-decentralized-finance-collide-4acc06527a1f](https://team3d.medium.com/the-generator-nft-staking-art-and-decentralized-finance-collide-4acc06527a1f) + +VIDYA is substantially undervalued relative to the innovativeness and quality of their product. It fits the current NFT mania craze niche, has an extremely reputable team, an amazing game in development set to release, and some of the best optics I’ve ever seen. Marketing is building, and word is getting out. The TG channel and Discord are seeing an influx of new members. Volume is building. MCap is extremely low. TG/Discord active. Responsive admins/devs/owners. NFT mania. Not pumped yet. + +Website, Twitter, and Medium linked above. Here’s the TG. + +[https://t.me/Team3D\_Official](https://t.me/Team3D_Official) + +&#x200B; + Hey apes, + +It's me again, Online Activity Tracker Guy. I'm back with more data for you. I made a [post](https://www.reddit.com/r/Superstonk/comments/pvmxo5/i_may_have_been_a_bit_early_saying_the_bots_are/) about this a few days ago but was downvoted into oblivion. Guys, I'm fully aware Reddit resets their servers randomly. I'm the guy who tracks this and has been since the end of May. I want to share my latest statistics again to bring more awareness to the situation of shills flooding Superstonk. + +I'm trying this again because I was tagged in this [post](https://www.reddit.com/r/Superstonk/comments/px4631/the\_shill\_campaign\_is\_here/) + +Here's my latest batch of statistics with new subs I've been tracking. + +KryptoKurrency | Average Count - 13532 | Current User Count - 13793 + +Diablo | Average Count - 1771 | Current User Count - 5160 (Major hype week for D2R) + +DnD | Average Count - 6382 | Current User Count - 5219 + +DunderMifflin | Average Count - 5653 | Current User Count - 4684 + +GME | Average Count - 6491 | Current User Count - 7778 + +GMEJ - ungle | Average Count - 3896 | Current User Count - 7932 + +Jigglefuck | Average Count - 336 | Current User Count - 369 + +NSFW\_GIF | Average Count - 6035 | Current User Count - 5891 + +StockMarket | Average Count - 1791 | Current User Count - 2453 + +SuperStonk | Average Count - 35804 | Current User Count - 65379 + +Popcornstock | Average Count - 14010 | Current User Count - 21814 + +criticalrole | Average Count - 802 | Current User Count - 722 + +dogkoin | Average Count - 3436 | Current User Count - 2361 + +gaming | Average Count - 18697 | Current User Count - 37649 + +lotrmemes | Average Count - 3956 | Current User Count - 4248 + +mildlyinteresting | Average Count - 10216 | Current User Count - 8104 + +politics | Average Count - 22373 | Current User Count - 25572 + +rupaulsdragrace | Average Count - 2900 | Current User Count - 2801 + +stocks | Average Count - 4897 | Current User Count - 11401 + +Double USB | Average Count - 29245 | Current User Count - 38156 + +Superstonk and other GME related subs both had abnormal occurrences of significant online user drop-offs around 11:30PM on 9/25, and both subs were back up to their averages around 12:15AM with SuperStonk having 12457 online, GME having 1488 online, and GMEJ-ungle having 1552. A little after midnight of that night, they were both at their averages again. + +Seeing this [post](https://www.reddit.com/r/Superstonk/comments/px82mu/one\_of\_the\_top\_drs\_posts\_is\_fake\_see\_prove\_inside/) about one of the top DRS posts being fake should be enough for everyone to come to a consensus that these shills are out in full force. I estimate at least 30k are active with possibly 50k at their disposal with what I call "sleeper" accounts who only upvote or downvote. + + +This is a post to help us stay vigilant in smelling out the bull shit that causes this sub to forum slide. + +Do your research. Question everything. + +See you on the moon. + +Edit: Check this [post](https://www.reddit.com/r/Superstonk/comments/pv4h7m/weird_jobs_2_screens_get_rdy_for_sep_27_oct_7/) about a weird job campaign that has to be active from Sept 27-Oct 7 requiring people to sign an NDA. +I still have a long way to go to break even but loving the trends. Took a lot of hard work and figuring out my inner self but I've made major progress over the last 4 months. It isn't much but it's something. + +https://preview.redd.it/vujnrvjk2g471.png?width=2785&format=png&auto=webp&s=ad973396d36e23cb480d329dfcc3e61a7f20c4f3 +I haven't seen a lot of discussion here around the recent I-bond interest rates but [the composite rate is currently at 3.54%](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate). + +You can buy up to $10k/year/SSN and you're almost guaranteed to beat inflation every year. +If you use your tax refund you can buy up to $15k, I believe, and you can get paper bonds that can be cashed at any bank. + +It's a great place to store your emergency fund if you want to get more than the 0.x% rate in savings accounts. + +The only caveat is you can't sell the bond within the 1st year and you lose 3 months of interest if you sell before 5 years have passed. +I was curious what disposal method fidelity was using for my transactions so I asked the robot assistant if fidelity uses first in first out method for shares, which means the first shares of a stock you owned are the ones that it sells, which doesn't necessarily end up with you paying the lowest amount of taxes which is, to me, about the only thing someone would care about with this sort of deal. + +So what I did was switched to a new algorithm they have, called tax sensitive, which figures out what share or shares you would have to sell in order to have the lowest hit on your taxes owed. I'm not a big trader but I do rebalance my asset allocation a few times a year. + +It's under accounts and trade, update accounts and features, and the cost basis option on the left will guide you to all the choices you have. + +EDIT: IF on PC its under account features, brokerage and trading, then cost basis. +Operating earnings drop 11% while stock gains boost net income + +Buffett was a net seller of stocks and slowed repurchases + +https://www.bloomberg.com/news/articles/2019-08-03/buffett-s-cash-pile-hits-record-as-berkshire-holds-122-billion +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! + +We are missing out on buying international shares at low rates. A limit that has been set long ago should not dictate current retail investor choices. I'm not seeing even a change.org or any communication from the authorities that this is even being looked into. + +Currently our only option is to invest through platforms like Vested :( +I remember years ago the RBA said that the government needs to use other methods to control the housing market or we risk getting into a situation where interest rates need to rise but doing so will hurt the property market. + +Sure, when things get really scary, APRA steps in but here we are in the exact situation the RBA warned the government about. +Z1P is not fucking around at the moment. I initially invested because of their impressive business, team and they have shown nothing but solid QTR on QTR growth, not to mention a lazer like focus on global expansion. + +This confidence was tested when, despite still showing great growth, analyst downgraded Z1P and the share price went down to <$4 which feels like only a couple of months ago. + +Many investors jumped ship, and I came so close. + +Buffet Dinner's words that "The stock market is a device for transferring money from the impatient to the patient", gave me pause to stick with it. + +If I had sold my shares at $4 when I was most nervous, I would be down almost $160k as off today. + +For me, the lesson here is that when you have a good business, run by good people who are demonstrating consistent growth, HODL your nerve because eventually a good biz will turn things around. + +Z1P will likely dip again but it's trajectory is pointing north. this is not one of those stocks that has a nice little linear growth story. It's growth chart is hectic so strap in and don't freak out. + +Congrats to everyone who held their nerve, or who have picked up during the dip. Even if you picked up Z1P lately, you may not know it yet, but you're already richer for it. Here is to $20+. +I don't understand why people say it's impossible to become rich in short time with forex. + +Let's assume we have a strategy that has a winrate of 50% with a r/r of 1:1.25 (not so strong or impossible, right?). We are daytrading it and we can open 60 operations per month. We risk 2% (a conservative approach) per trade of initial capital of the year, starting with 5000. +With these numbers we are gaining 15% each month, let's lower that down to 10% because yes. +Within a year we can make 120% of initial capital! Let's lower that down to 100% because, again, yes. + +After 8 years we would be more than millionaire. + +If we could bring up that r/r to 1:1.5 we would be millionaire in 5 years (and billionaire in 12!!!!). + +I don't understand why this is wrong, why people keep saying that trading isn't the Holy Grail. +1:1.25, 50% winrate is the lowest working strategy I could imagine and still would be extraordinary even though I've lowered that down even more. + +What's wrong with this? What am I missing? + + +P.s I'm backtesting a strategy that is doing 45% winrate with 1:2 r/r and 80+ possible operations per month. I feel like I'm going to eat golden nuggets in few years! Please roast me! +I know this is a fairly broad question, but I wondered how much people earn in different European countries and what sort of lifestyle / quality of life does this income bring? + +I wondered if anyone would be willing to share their personal experience? + +How much do you earn (gross & net)? + +What job do you have or where does your income come from (investments etc)? + +Could you describe the kind of life this brings / what can you afford on this level of income? + +Are you able to save any money at the end of each month on this level of income? + +Do you have an opinion on what would be deemed as a poor, good, great, excellent income level for a given country? + +I do not live in Europe at the moment, so I cannot share my personal experience. I plan to move back in a few years, hence my interest. +Hi all, + +I have been looking into the above. I understand these houses do not cost €1 and all is well. I know that this is an investment into a property that will be needing lots of renovation work and lots of support to bring back into a liveable state. + +I am looking for honest, open opinions as to the investment process and likelihood of it being a good idea - generally speaking. + +I am aware that it would be a case by case basis, and that you’d need to check the level of work needing to be done and costs, per property. + +Has anyone done this, or know anything about it? Is it worthwhile? Or actually… not that great of an idea, at all! Just a good marketing ploy to reel you in to buy a property? + +I would like to look into it if worthwhile as family have moved to mainland Europe and I’d like to be on the continent too. It wouldn’t be to live all year, but certainly a place that would be visited often and would be accessible to family (France). + +Please only helpful replies. I am here to be enlightened, not made fun off as I know this not an opportunity to buy a cheap house. + +Thank you! +[This shit right here](https://www.reddit.com/r/Superstonk/comments/mtnzih/since_citadel_has_been_working_over_the_weekend_i/?utm_medium=android_app&utm_source=share), this we dont need. + +The subs and GME holders dont need this type of attention. Its bad enough we already have and will have the media painting us as the bad guys in all of this, we dont need to prove them right. Honestly the weekend is so slow for some of you that you feel inclined to do shit like this? It paints us ALL in a bad light. This behaviour is NOT the way. + +What part of DONT. FUCKING. DANCE are some of you forgetting?? We havent won yet. We havent even started the full on squeeze yet. Some of you need to remember that this isnt over, and despite how harmless it all seems, they will certainly find a way to push it under harassment, once again, not the attention apes want or need, especially now. + +We have people droning around their offices, sending "gift baskets" with the intent to mock (even playfully) and video/photographing every angle of their buildings. TWO WRONGS DONT MAKE A RIGHT, WE ARE BETTER THAN THIS. They may have mocked us during the crash, but we shouldn't do the same. We need to prove we are better. We need to BE better. + +Sit in your corner, read your DD, keep your eyes on the prize and for GMEs sake, STOP FUCKING DANCING + + +EDIT: This is gaining hella traction, please let me elaborate further. + +Im NOT saying that these posts should be banned, nor should the hype be killed (which sounds shilly to me, look around, theres more hype than ever and its not going away). +What im saying is, GME is against people who dont want to be crossed. People who haven't been crossed, and have never lost everything or anything. They have money, lots of it. Lawyers, lots of them. Good ones. Qualified ones. They CONTROL media. + +Like it or not, to them, we arent the individuals making our own decisions like we know we are. To them we are a collective and we are WE. Please understand that the things you do as an individual do effect ALL APES because thats how it will be portrayed. They didnt say GME was up $30, they said it was down over 50% of peak. +THEY WILL NOT SAY INDIVIDUALS HARASS HEDGEFUNDS. THEY WILL SAY WE HARASSED them. + +there is no we, but thats not their agenda. + + +Stay healthy, stay HYPED AND JACKED, and stay rational. TO THE MOOONN 🚀🚀🚀🚀🚀🚀🦍💎🤲🤲🤲🍌🍌 +After months of trying to find a place to live and just 8 days shy of being evicted we finally found a 1 bedroom apartment! It's not the 2 bedroom we were shooting for but it's pretty big so I'm going to convert the living room into the kids bedroom for when they're here and I have a cool fort idea I think they'll love. +To top it all off, after months of pure stress and hell and working 60+ hours a week, I just got a job offer for the first stepping stone in my dream career! +Life is finally starting to look up for me! +I (30, M, US) after making 40k or less my whole life just got a job (software engineer) making 95K/yr. I have no savings, no retirement, and no investments but I also have no debt as I didn't go to college and have only had $500 limit credit cards. What should I do with my new income? Thank you! + +Edit: Thank you all so much for your advice, insights and well wishes!! + +I thought I’d also share a project of mine that hopefully will be helpful to someone. https://postsecretvoicemail.com +The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. + +Pressured by surging inflation, rising interest rates and intensifying supply chain pressures, gross domestic product fell 0.9% for the period, following a 1.6% decline in the first quarter. The Dow Jones estimate was for a gain of 0.3%. + +Officially, the National Bureau of Economic Research declares recessions and expansions, and likely won’t make a judgment on the period in question for months if not longer. + +But a second straight negative GDP reading meets a long-held basic view of recession, despite the unusual circumstances of the decline and regardless of what the NBER decides. GDP is the broadest measure of the economy and encompasses the total level of goods and services produced during the period. + +https://www.cnbc.com/2022/07/28/gdp-q2-.html +$1.4b Valuation seems unrealistic. +It truly has been a fun ride but the stock is obviously manipulated heavily everyday and its speculative value is probably hella inflated. +Those who have made it into a 12 month hold with significant profits obviously can ignore this, but dumbasses who are just jumping in should be cautious. +Hate to be the cuck bear who says this. +If I’m wrong, that’s fine - Enjoy your tendies. + +As always, DYOR. + +Edit: +:) +Hey guys, I was just thinking about how Peter Lynch talks about boring businesses in one up on wall street. I feel like I currently don’t have a company in my portfolio that I would consider boring. To say it different, I don’t think I own a company which I could sufficiently describe to you in under a minute. Obviously there are such companies, but are there any great business from a valuation standpoint at the time? +Some of us are very ambitious and excited about achieving FIRE, myself included despite it being pretty far out. We think “the sacrifices will all be worth it when we get to our target date!” But we forget that each day is gift to be enjoyed. Be smart, be frugal, but enjoy that Starbucks drink/time with the kids instead of a side hustle/good Parmesan vs sawdust/etc. + +Post motivator: my grandpa had a stroke and isn’t recovering well. That plus old age leaves him unable to talk much, read, or hear. He has severe anxiety due to the Hell inside his head and inability to express himself - wishes he was dead. He lived a good life and continued farming until the stroke. Every time I see him I am reminded that the journey to FIRE is just as important to enjoy as the result. +Recently I have been reading about the IWW and unions generally and I was wondering what you guys and gals of AusFinance think? +Are you a member of a union? +Do you support unions generally? +Given the current climate do you think we are going to see a resurgence in membership? +Last time i checked this is called superstonk not supermod or supercult. + +Idgaf about mods or their pathetic petty dramas that they shouldve kept to themselves, its like their celebrities here. + +I write this because pretty much every week there is some new bs drama or fud here. + +I dont need to be told to hold anymore. I got months of dd (not jus from DD heros, but from MANY people with VARIOUS perspectives) +So i dont need to stay in this sub anymore. + +I know my apes are gonna hold through the crazy dips during squeeze and i know they'll ignore shills exactly like they did in february. If any bad broker tries to screw apes u better believe im gonna hire the best legal team with kennys money + +If ur a new ape all ill say is ignore the shills as they will try everything they can during squeeze to make you sell. +My Binance account was hacked, all coins sold to BTC, transferred off exchange. + +My 2FA was temporarily disabled while switching phones, they got in through a trojan in a keygen from software I regretfully torrented. + +It was my whole stack ~60 ETH. + +I take full responsibility and I feel like garbage letting this happen. I starting buying in late summer 2017 and tended my coins with love every day. + +Please, if you haven't yet, even if you heard this a million times before like I have. + +Don't keep your main holdings on an exchange. + +Use 2FA, if you have to change phones like I did when my 6p bootlooped, reactivate it right away. + +Just spend the money on a hardware wallet. You're your own bank, take security seriously. + +The money was enough to set me back for years, I'm a musician and don't earn much. I shudder when I think of the hours I spent staring and caring and loving those coins. (I grew a 10k stack of LINK since Etherdelta) I never felt like I could have wealth until crypto. + +I only wish I'd taken a post like this seriously and got off the exchange or immediately reactivated 2FA (though if someone's in your email they can disable it without you knowing) + +It all happened so fast. Over a year of love and holding through this bear and it's over in an hour. My heart is broken for this loss of my crypto. + +Please let this be the post that motivates you to take security seriously so I didn't lose all that money, time, and love for nothing. Please take better care of your coins than I did. + +**edit Here's the email from Binance, I can't get to my account showing all the market sells and transfer because my account is disabled, but here's the email. [Binance email](https://i.imgur.com/nOjC0MH.png) 1.7 BTC around 3pm yesterday (the 28th) +Hi everyone, Bob here. + +[Bob's pissed...](https://preview.redd.it/gp62wlpt16a81.png?width=800&format=png&auto=webp&s=b2ae73b69fa17dc1af28b53cb9b55a218f1d1f09) + +Yesterday, I posted something interesting about incoming FTDs. These FTDs are largely incoming because of abusive shorting of ETFs containing GME, among other meme stocks. Here’s a quick screencap of that post in all it’s glory in case you missed it: + +Edit: Bad link + +drive.google\[.\]com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing + +While I’m at it, All my data is open to the public, and I welcome you to poke around and ask questions. This is DD after all, so Do your **Due Diligence**. Link to the drive is in my profile + +**Disclaimer**: + +None of this is financial advice, and I'm mostly just a dumb ape who’s been learning all along the way. A great example of just how ape-ish I am is the fact that we are trading at $1**69** is extremely bullish to me. Not because we’re up, way up, in after hours (where retail *obviously* is keen on fomo’ing into leaked news 🙄). No, because the number as 69 in it, and i find that bullish AF… + +# The DD + +So let’s dig right in. Many apes have worked tirelessly over the past year to identify just what in the sam hell is going on with GME, and other meme stocks I really don’t give a shit about, so won’t mention here. What has been uncovered is nothing short of amazing. There’s tons of theories out there on what’s up, and there’s amazing amounts of tinfoil hat theories circulating about crime, market manipulation, and class warfare, but I try to focus on concrete, tangible things. So let’s look at the data shall we? + +# FTDs for GME, a Year in review: + +[FTD & Cyclic Tracking of my favorite stonk, GME](https://preview.redd.it/bd3wwe4w16a81.png?width=2315&format=png&auto=webp&s=4845659b7417cfe426d79498ccf46e13ca39d477) + +You might be noticing the giant pink dildos. This is resultant of what I think to be short interest hiding in derivatives. We have been seeing pretty good indication of this being a stall tactic that may or may have been a knee-jerk reaction to what happened in Jan 21, which I like to call the Big Sneeze. Since we’re nearing that date, we have been seeing exponentially larger shorting activity on mostly ETFs containing GME, such as XRT, which is on the threshold list and likely at least part of the reason for the major spike after hours today on all the basket stocks. + +What’s got me even more jacked about this is the fact that XRT is thresholded, Jan puts hiding SI are expiring, AND there is a PILE OF FTDs coming due all around the same time. Where did this pile come from you ask? Failing to roll the CBOE futures on the last cycle, and subsequently shorting the everliving shit out of the stock through ETFs. + +# Time to pay the piper. + +It is looking like last Jan might end up being rookie numbers compared to what is coming. No dates, but I do have data. Check it out. + +[A comparison on the change in different metrics between last year's run and this year's setup.](https://preview.redd.it/e1a4jq8x16a81.png?width=1036&format=png&auto=webp&s=73b68da19ee63c0c19592d0374725f4d37e84542) + +Notice the large increase in total FTDs, as well as FTDs per share traded. Most recently, we see an *increase* of 2.28 FTDs created per share traded... Hmm, i wonder how that run in after hours affected that number :D + +**Key Points:** + +* The stock is MUCH MORE illiquid +* There are more FTDs being generated per trade +* Shorts Never Covered and the price doesnt matter. +* Shorts are using ITM puts to drive the price down along with shorting the stock. here's how: + +[credit to u\/gherkinit](https://preview.redd.it/8yshr3dy16a81.png?width=676&format=png&auto=webp&s=9d04cb73e61efd213f360173c837abe154c59f24) + +# TADR + +Shorts never covered in Jan, big ups incoming methinks, and the data seems to agree. AH run is likely from paying the piper for all their fuckery. + +**See you on the moon** +I think we can all agree that this petition is a bit more important than a banner. I support the banner discussion, but it doesn't have quite as much potential at getting the SECs attention. Wouldn't you agree? It's just for the weekend. Can we make this happen MODS? + + +**Edit1:** Adding a direct link to the petition. + +https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09 + +Thanks to u/AlaskanSamsquanch for pointing out that I'm retarded for not doing it in the first place + +**Edit2:** Ok. Been 2 hours and no response from MODS. I'm not saying SPAM modmail with [pictures of Bea Arthur](https://www.google.com/search?q=bea+arthur&client=firefox-b-1-d&sxsrf=APq-WBv3He-qQDSPqkI_G-PHPUJ_QeKpTQ:1649444350842&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj-_O6Ek4X3AhUjnOAKHcF_B5sQ_AUoAXoECAIQAw&biw=3440&bih=1280&dpr=1) or anything, but...... + + +**Edit3:** I'm not sure which pictures of Bea Arthur you guys sent but u/Doom_Douche is looking into pinning Dave's petition. Thank you all for supporting not just this post but the overall exposure to the corruption in our "Free and Fair Market" + +**Edit4:** thanks to u/Doom_Douche this is now pinned. Please stand down your Bea Arthur bombings! + +https://www.reddit.com/r/Superstonk/comments/tzbhsk/we_the_investors_petition_for_the_sec_to_address/ +While I know a large percentage of you are high income earners I'm still curious what people are spending on their weddings. + +Feel free to elaborate, we are planning our wedding for next year. +I finally saw someone mention this in a DD post, which I have always wanted to ask, but thought I would get destroyed for bringing up. + +Can someone explain to me how the price could possibly go into the millions, or even tens of thousands, without the government stepping in and making some kind of settlement? Meaning, the price starts to go into the thousands, and the government steps in and says, “okay, okay.. this is getting crazy. Everybody is getting $3,000 a share and now it’s all over.” + +Do people that think this will not happen actually have reasoning of why it wouldn’t, or are they just conveniently ignoring this possibility? + +Yes, I have asked critical questions about MOASS before and gotten destroyed for it. No, I am not a hedge fund shill. I am a 31 year old guy that works for parks in a western state, have two cats named Kevin and Webster and drive a Prius. If you hate this question please just down vote and move on, save the vitriol please. Thanks for any interesting insights anyone can provide. + +————————————————————————————— + +Edit: wow, this got a lot more attention than I thought. Thanks to all those submitting thoughtful comments, some decent reasons why what I outlined above could not come to pass. + +Just want to point out one thing: a lot of people are pointing out that there are a lot of stocks that trade above 3k on a daily basis. I of course am aware of that - I thought it was pretty clear I was talking about the feds freaking out of a parabolic rise in price, and not a company with steady organic growth year after year reaching into the thousands per share. +JEPI is brand new. JEPI is actively managed. JEPI has a high expense ratio. JEPI claims to use a covered call type strategy which doesn’t work well in bull markets. JEPI hasn’t proven itself over a 10y+ period. + +Sure JEPI has done quite well recently but we don’t know why. Lucky allocations? Genius money managers? Who knows?! + +I’m not a JEPI detractor but it seems like half this sub thinks it’s SCHD’s non-identical twin brother. +**Phil continues: "GameStop’s extensive store base, focus on digital transformation in an omni-channel environment and expert gamer associates remain an important part of our gaming ecosystem, and we’re pleased to elevate our partnership.”** + +[GameStop announces multiyear strategic partnership with Microsoft - Oct 2020](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +edit: related [post](https://www.reddit.com/r/Superstonk/comments/s76l3h/game_informer_which_is_owned_by_gamestop_hyping/ht7zefc/?context=3) + +edit 2: An Ape who would like to remain anonymous DM'd me this thought: + +The Microsoft acquisition of Activision IS our pathway into the microtransaction revenue. I couldn't figure out how we'd get in on it. More than 50% of Activision annual revenue is microtransactions. So I figured GameStop had a plan. Microsoft is a big player in Ethereum blockchain already. They've already made statements about a decentralized future and shit. I'm so fucking pumped on this. The stars are fucking aligning. +As the population grows while construction of housing supply falls behind, is the cost of housing and rent going to go up forever? + + Will a 1 bedroom apartment eventually cost $3000 a month? Will wages stay stagnant and, eventually, it becomes a new norm to see five people sharing a small apartment in order to avoid spending 90% of their income on rent? Will a large portion of the population become homeless? The only ones who can exist comfortably are those who inherit their parent’s house. + +Will the prices keep rising until the end of time? How will society as a whole be affected? +I read median household income in the US is $61,000/year. Does this mean that most americans could not afford survival as single adults? Do most of you earn $30,500/year and rely on dating or marriage to be able to afford to survive? +I am TERRIBLE about saving money. I always want to take my gf to dinner, I always buy stuff I want instead of thinking about it and I just use my savings account money when I run out of money in my checkings account. What tips do y’all have when it comes to saving money? +The blatant and criminal act of market manipulation using dark pools to re route a majority of retail buy orders and the consistent shorting and dodging of ftds by using married puts should be enough proof that Citadel is exploiting the MM privileges they have been granted. + +Just imagine any other party doing this in your face criminal market moves and they would get fucked faster in the arse by the sec than they could say "gimme a banana". + +It is making me furious and strengthening my grip on my gme shares by the minute I think about it. The sec needs to be defunded and not the us police. The true criminals of this world are the thieves that have been stealing the money of hard working folks through the years and blaming everything else on it like nature or the lower class. + +This blind greed and entitlement to market control has to end! +Good evening everyone, + + +Its well known that the last few years have taken their toll on doctors, nurses, allied health (physios, dieticians, speech path's), social workers and well the entire health field and everyone is really tired. I'm not surprised quite a number of health workers have left the industry for better pay, less stress and better conditions while the ones who chose to stay are exhausted due to the the massive backlog of work. I'll be honest, I don't hate nursing but I don't love it either and only see it as a means to and end. Ill go even further and say if someone offered me a higher paying secure job (any secure six figure government job) or my actual dream childhood job (firefighter) I would jump ship really quickly. + + +I'm just a bit curious as to where all you former health workers have ended up and how they are going ? Are you happier and satisfied overall ? + + +Anyway hope everyone has a happy new year. Take care of yourselves tonight and stay safe. +Was just commenting on another post and thought I’d make it it’s own post + +I see people regularly recommend cancelling things like Netflix/Prime etc but havent seen anyone recommend cancelling your TV licence - you may not need it yet continue to pay the £12-13 a month just because you assume you “have to” + +If you only watch non-BBC streaming or catch-up services, you don’t need a TV licence + +You only need one if you watch live streamed tv (eg normal terrestrial tv (any channel) as a show airs the first time) or if you watch iPlayer (owned by the BBC obvs) - other catch-up providers like ITV/channel 4, don’t require a licence + +https://www.tvlicensing.co.uk/check-if-you-need-one + +Obviously if you should have one, pay it but if you don’t need it, save yourself the money - it’s as simple as filling out a small form to say you don’t need one and then about once a year they’ll write to you to confirm you still don’t need one + +Edit: someone mentioned you need a licence to “view or record” live tv which is true so adding in. Doesn’t matter that you watch it later when it’s no longer live. Pay per view too apparently + +Edit 2: few people have said it so adding in here... if you just watch something like Prime/YouTube, you DONT need a licence UNLESS you watch something that’s live streamed (eg a boxing match that’s happening now) on that platform - in this case, you would need one. It’s the live streaming that’s important, not the device or platform (except iPlayer, you always need one for that) + +Edit 2.1 couple of people have said this only applies to UK based live streamed content eg if you watch a live broadcast of a US based boxing match on Prime, you wouldn’t need to have a licence. I’m deffo not an expert and have no clue but adding anyway for clarity/ref. If this applies to you (I don’t watch sport), look into it yourself to be safe + +Edit 3: adding some more links for ref + +https://www.gov.uk/tv-licence + +Communications Act 2003 +https://www.legislation.gov.uk/ukpga/2003/21/part/4 +One counter argument against all world ETF is that they tend over allocate to large slow growing economies, because they weight by market-cap. For example VWCE is has 6.20% in Japan. + +How do you think about that? What is alternative(to split VWCE to 3 - 4 ETF and weight accordingly?!) +Podcast with Adam Draper: BoostVC ( Season 3 Ep. 1: Returning the Power of the Internet to Its...) + +Worth listening to the full discussion between Chris Dixon and Adam Draper. + +Chris Dixon talks about Ethereum from 12.15 onwards.. + +https://www.stitcher.com/podcast/the-boost-vc-podcast/e/53980036?autoplay=true + +https://a16z.com/author/chris-dixon/ + +- " to me, Ethereum is the most important technology of the decade, for sure. I don't even think its going to be questionable" + + " When you look back on it, Ethereum is an incredibly important and revelatory moment" + +For a number of reasons: + + - 1) "The technology itself is just profound and it takes the blockchain concept to its fullest potential.. and creates this giant wave of innovation ... + + - 2) It showed, you could get another blockchain to real scale..get the miners going, get the developers going. It proved to me and a lot of other people wrong, that there was NOT going to be this one crypto to rule them all" + +" I work with developers and entrepreneurs all the time, coming from companies like Google and Facebook and so on. I haven't heard this much excitement, around Ethereum, Solidity and all those things...since probably the iPhone. Just the number of times Ethereum is mentioned, the number of stories I hear.. + +" I remember when this happened with AWS, I remember when it happened with the iPhone. it started with games, as it is now on Ethereum. +Around 2009, 2010, 2011 there were a couple of thousand credible projects. And of those around 15 or 20 had huge impact. I think a very similar thing is going on now." + + - " people say: what are the killer apps? I say, I don't really know, I just know, wow, there are a lot of really good people working on this. Follow the smartest people and don't try and outsmart them! " +So, yes I know "coin goes up, coin goes down". We seem to have taken a bit of tumble these last few hours. Curious if there was trigger. Not on Twitter, so I tend to need to ask around. Thanks. +Ref: https://www.barrons.com/articles/grayscale-bitcoin-trust-fund-etf-price-51637689328 + +With $37 billion in assets, the Grayscale trust GBTC is the world’s largest Bitcoin fund. It towers over every other fund on the market. Investors have flooded into the Grayscale trust because it owns Bitcoin directly. Its largest holder is Ark Invest, the fund shop run by Cathie Wood, which has invested $375 million in the trust, including assets held in its Ark Next Generation ETF (ARKW). + +Shares of the trust, which trade over the counter, are up 42% this year versus a 95% gain for Bitcoin, through Oct. 29. + +“Investors that crowded into GBTC, buying at a premium, really got burned,” says Morningstar analyst Bobby Blue. + +Yet, GBTC management made a killing! +Edit: I fucking get it, the building being uninsured was a terrible business decision, but I'm here to make sure things are done right. + +I wake up to a bunch of missed calls my from dad this morning. His main money maker, a 3-unit (2 residential apartments and a ground floor grocery store), had a fire in the 3rd floor apartment. The property was uninsured. + +Luckily no one was injured. My dad is devastated. That's $3000+ a month gone. He owns the building outright. It's in a great up and coming area. The property was worth about 350K. He has bad credit, but my mom, my siblings and I have good credit. I have a high income. +What are our options? I don't even know our next steps. My dad had a stroke 2 years ago and he's just not the same. It's kind of on me to make sure my dad is doing things correctly moving forward. He's always cut corners. I moved to Baltimore a year ago to help him with the rest of his portfolio, this was his safety net. +- Do we get an inspector to see what can be salvaged? +- How do we find builders to redo or raze the building? +- Will the next door's insurance come for us? + + +TLDR My dad's property just burned down, it was uninsured. 2 apartments and 1 commercial unit. +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! + +Now that the trading week is over, what are you planning for the week to come? Did you make any gains this week or are you a big loser who blew up their TFSA on wealthsimple trade? + +This is unregulated discussion. Remember this is a community to learn. **Downvotes are discouraged** + +Add 🚀🚀🚀 if you serious +So, I run a business that receives US dollars via PayPal. To avoid the currency conversion rate which is horrendous, I started using Transferwise which means my funds could be transferred to a US-based bank account. However today I discovered that PayPal has now decided to tack on a 3% standard bank transfer fee. They're forcing you to either convert with their shitty rate to AUD or cop this new "fee" to avoid the conversion process. How is this even allowed? Essentially they are double dipping because you already pay fees when you receive the money! + + +WE JUST GOT LISTED ON CMC AND TAKING OFF, JOIN BEFORE IT'S TOO LATE! + +They are now sitting well over 73,000 holders and I think people are finally starting to realise that MOONPIRATE ARE A SERIOUS PROJECT. + +Will try and keep this post concise and to the point. Some of their deliverables so far have included: + +☠️PirateSwap launched (investors can purchase MoonPirate directly on their website) + +☠️Pirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding) + +☠️Get Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut – as voted by investors) is 3 to 5 months away + +☠️Catchment Brewing Co (Brisbane, Australia) – MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it + +:☠️Updated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy) + +☠️Governance Platform incoming (your MoonPirate holdings will dictate your voting potential) + +☠️Now on CoinGecko and CMC, Add this to Blockfolio, Stocktwits & Delta + +☠️Weekly Live Video AMA’s (including founder, community manager and communications manager) + +On top of that, they have NFT’s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more. + +Be sure to check out EVERYTHING on the website, which is being updated on a daily basis. + +Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits) + +Website: [https://www.moonpirate.finance/](https://www.moonpirate.finance/) + +TG: [https://t.me/MoonPirate](https://t.me/MoonPirate) +https://www.investopedia.com/terms/t/tombstone.asp + + + + + + +Death to RC Ventures - RIP to the dumbass that thought he could take on Amazon and turn around a failing brick and mortar + + + + + +New CUSIP for the newly merged entity = share recall + + + + + +Could this be the catalyst? +I browse this sub to get information about Canadian stocks, but the top post is a screenshot of a Facebook post and people engaging in pointless arguments about housing. This has been an increasingly common pattern in recent weeks. + +These posts aren't any more useful than discussions about microcaps, which are understandably banned on this sub. Honestly, I would prefer those discussions over rants about housing that inevitably won't go anywhere. Keep that stuff to /r/canadahousing. +A few months ago, when Ether was trading for about $380, I made [this](https://www.reddit.com/r/ethtrader/comments/6hc2an/ive_predicted_most_movements_correctly_so_far/) post calling that the bubble peak, and predicting the rest of the year we'd see no further rallies, just a slow, steady decline, a few pumps here and there that would lead to nowhere. I got a lot of hate for that thread, yet, look what happened. Cool, right? I made that thread because the overall sentiment made it overwhelmingly obvious. It is not about technicals, it is about observing the sentiment of the communities, because, guess what? They are what move the price! + +There is another very obvious moment going on right now: the ETH/BTC pair is very oversold. I can't predict what will happen with the BTC/USD pair, the bubble could burst right now, or it could go to 10k. I'd say both scenarios are very likely, so buying BTC right now is gambling. I can't predict what will happen with the ETH/USD pair for similar reasons. But the ETH/BTC pair is going to correct **very strongly** soon, and you know that for sure by merely observing how many people that are into ETH sold their Ether to ride the BTC rally. They will come back as soon as they get scared because Ethereum, as a whole, is very strong right now: it still has most of the dev share, the best transaction fees, the best block time, smart contracts, fucking zk-snarks, pretty much everything. So, a well-placed long on ETH/BTC might result in huge gains on the short term, even if the USD price of ETH falls. Again, it is all about sentiments, not charts. (; +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) Last ban length: 1,048,576 days + +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/2sQBNuM) +Through my years of traditional investments and job security I've got about 600,000 in cash and 400k in a duplex (brings in about 4k a month), paid full in cash. However, I'm still quite young, in my 30s, and want to head into development. Anyone have any suggestions on getting started? The whole, buy tons of duplexes/sfr's and eventually get up to 100k in income is just a slow and daunting task. How do people get mega rich with real estate? +To put into perspective, let’s look at Singapore. Despite a population of only 8 million, there were 277,000 millionaires living in Singapore in 2020. + +Superstonk is 300k, worldwide, out of 7 billion. + +Shut up about “if everyone becomes rich then no one is rich”. Statistically it’s easier for all of Superstonk to be literally on the moon than for all 7 billion people be rich. + + +TLDR; +Ignore FUD about guilt tripping you for being rich. +&#x200B; + +***Pidilite is the largest adhesive manufacturing company in India. The company started its operations in the year 1959, with its most popular adhesive brand named Fevicol and since then it has established its presence in 80+ countries across the world***. + +* The company’s shares have 52 weeks high of INR 1709 and have a total market capitalization of INR 644 billion which makes it a Large-Cap company. +* ***The company now manufactures adhesives, sealants, pigments, Industrial resins, construction and Paint chemicals etc. It currently has a portfolio of 500+ products.*** +* Pidilite Industries have a total of 23+ manufacturing plants in India and a solid market presence of over 6 decades. The company has expanded into 18 international and 9 domestic subsidiaries and has established 8 R&D centres. +* The company owns some well know brands like Fevicol, M-seal, Dr Fixit, WD 40 etc which has a strong awareness in both consumer and industrial segments. The focus of the company is on-brand premiumization and Innovation. +* ***Some of their brands like M-seal has 70% market share in the plumbing segment and Dr Fixit has achieved 98% top of the mind awareness among consumers.*** +* Pidilite’s market dominance is also near-monopolistic in Fevicol and M seal brands which contribute to a major portion of the revenue + +***I have evaluated the company on 10 fundamental categories and each has been given a rating out of 5 stars. From this, I have arrived at a combined stock rating for the company.*** + +***This is the summary of the analysis. For details check the source link.*** + +***Source:*** [***Pidilite Shares Fundamental Analysis and Future Outlook***](https://billiondollarvaluation.com/pidilite-shares-fundamental-analysis-and-future-outlook/) + +Some insights for the coming years from management discussion & analysis (MD&A) and con calls are as follows. + +* ***The COVID-19 outbreak will have a negative impact on sales across the countries. Exports will also see a significant decline. The demand for industrial adhesives will recover only after manufacturing companies start operating at their full capacity.*** +* Pidilite will also benefit from the fall in the crude oil price as it constitutes a major portion of raw material cost. The actual impact will only be seen after the factories start operating. +* ***Pidilite acquired a stake of $30 million in HomeLane due to evolving market dynamics and innovation. The company has an interest in interior design space and wants to be part of the changing landscape due to technology.*** +* Tile adhesives are doing good with the category sales growing at a fast rate. The product is witnessing higher market acceptance with consumers increasingly switching from cement to tile adhesives. + +The company shows promising growth opportunities once the temporary disruption due to COVID-19 clears. + +***Therefore Pidilite seems to be a fundamentally good stock for investment over a long term horizon.*** +As the title says, once people catch wind of this baby rising from the ashes, many will want to join.... before anything, a quick shoutout out to the mods for implementing minimum age and karma rules, that should help alleviate things. 🙏🏻 (personally I think it should be raised higher) + +1.) We’re going to have to be patient and give insightful answers to simple questions. Many won’t even know what a squeeze is.... if you don’t feel like answering a question then just don’t, instead scroll on; another ape in a good +mood, will answer (Sometimes I’m in a helpful mood, sometimes I’m not... that’s okay) + +2.) DO NOT post things like “NOBODY SELL” and “NOBODY PANIC” —- that makes noobs reading the post think that others are indeed panicking and selling. This was a HUGE issue back in January. + +3.) Remember, no matter what happens to the price, we’ve survived this long by TRUSTING your fellow ape. So continue doing just that.... I trusted you didn’t sell when they crashed it to $40, so I trust you won’t sell if they do it again. —- instead we buy more, cuz fuck do I wish I had bought more lol + +4.) Day traders, new paperhands, they don’t matter so don’t make posts about them.... You and I, the true diamond hands, have proven that we own the float. Otherwise, we would have stayed down at $40..... If they sell, fuck it and fuck them. they’re just cancelling out the synthetic share they bought, they’re not actually impacting OUR situation. —— We just keep doing what we’re doing and we will reach Valhalla + +5.) There will be trade halts/circuit breakers... shit, they might even shut down the game AGAIN... it doesn’t matter because we’re not selling. — any price drop is artificial, we know this by now. + + +🚀 🦍 🚀 🦍 + +💎 In Papi Cohen, DFV... and in you guys, I trust 💎 +What do you think are the most stable, best dividend stocks that someone should have in their portfolio if they believe the market might crash again in the next 1-2 years? +after reading page 222 in the latest edition of the intelligent investor I had an idea to edit the appearance of my graphs. + +when the stock goes down instead of being red it is now green and vice versa. This makes me excited when prices are low and scared when they are high. + +[https://ibb.co/VwmP5xC](https://ibb.co/VwmP5xC) +Thoughts? + +“Reported inflation is understated. Owners’ Equivalent Rent (OER) relies on owner surveys to estimate inflation in housing costs. This is an extremely imprecise metric. The single family rental market provides more accurate data. OER in today’s reported core CPI was 3.5% YoY. + +The largest owners of nationwide single family rentals are reporting 17% YoY rent increases. OER is 30% of the Core CPI calculation and 24% of reported CPI. Using the more empirical measure in the calculation increases today’s Core CPI from 4.9% to 9.0% and CPI from 6.8% to 10.1% + +Housing inflation is unlikely to abate based on supply and demand trends. The inflation that households are actually experiencing is raging and well in excess of reported gov’t statistics.” + +- Bill Ackman, Twitter + +EDIT: there have been many “Ackman is just talking his book again” responses which may be true, but this doesn’t make what he is saying false. he’s not the only one pointing out the understated inflation numbers. + +* “The numbers seem atrocious because they are atrocious. They are also understated. A discussion of the Percentage weights shows why.” +Source: https://mishtalk.com/economics/inflation-hits-a-39-year-high-in-november-the-biggest-rise-since-1982 published on Mish Talk 12/10/21 + +* "The CPI index is a Govt created tool... it's based on a survey that's been changed over the years that significantly impact the actual numbers that are reported and play into what Govt wants people to believe" +Source: https://youtu.be/pRIELoITIHI published on Khan Academy 4/7/2009 +BABA has been trading around a 20 EV/EBITDA multiple.This is a company that has huge growth and very little debt.Yesterday Alibaba was fined 2.8 billion for monopolistic behavior.The bad sentiment around the fact that it’s a Chinese company has made it very undervalued.IMO this is where value investing and growth investing meet. +Received this in a newsletter. The information about the cement cartels in India and their pricing powers is very interesting. + +> Cement Cartel: Read to understand working of the cement industry as a cartel. Delibrately produce less cement, create an artificial scarcity and then increase prices to earn high profits. + + +> Cement business is very tough, cyclical, highly capital intensive with non-differentiable products. Routinely, inefficiently players shut shop and exit. Only a few large players dominate the industry in India as well as around the globe. + +> May be cartelization is the only way to survive in this tough industry + +https://www.drvijaymalik.com/2020/06/analysis-heidelberg-cement-india-ltd.html +Hi, all! Vacationing for the 6th time in 9 years at a place we love. I’m at the point now financially where I’m starting to think about buying a property to have as a vacation home that I could rent out the rest of the year, then eventually do the snowbird thing. + +I’d love to hear stories about how it’s worked out for you. What you wish you’d known going in, how easy/hard it is to succeed, etc. + +Thank you! +In this chart VOO and VTI are the lines below while VUG and VONG are the lines above. I have shares in each ETF. I'm wondering why VOO and VTI seem to be considerably more popular in discussions. + +Thank you. + +https://preview.redd.it/s5jvr1pkpfg81.jpg?width=1048&format=pjpg&auto=webp&s=ee22bb8217498cb3ff859cac45c4fca1745c0b13 +I was reminded today that Ticketmaster desperately needs to go the way of Blockbuster. I bought a seat ticket for a Tool concert next year, $74. With fees it came to $97. Ridiculous considering I don’t even receive a physical ticket anymore. + +Blockchain, once mainstream and widespread, will break the stranglehold middlemen hold over venues. Imagine direct selling NFTs to fans and locking in price so scalping is practically non-existent. And the artist would get a kickback of secondary sales. Maybe lock in transferring the ticket more than once. + +There’s so many possibilities I’m sure these issues will get solved someday soon. This is why crypto is so exciting. The possibilities are endless. + +Edit: Blah blah gas fees blah blah. Not worried about that, as I think that’s an addressable issue within blockchain. Obviously not looking at ETH for that replacement right now, hahaha. +Hear me out! + +I know the economy is heading for a crisis, so it's likely people are not going to be able to afford meals and drinks out. + +My personal situation is that I'm stuck in a toxic relationship, I haven't been able to work for over 2 years as I have 2 children under 2 and was extremely unwell before the first one was born, and I received a big inheritance at possibly the most inconvenient time, preventing me from being eligible for any benefits or government assistance with housing. + +Now the area of the UK that I live in has a housing crisis, I can't find anywhere to rent, and if I could, it just depletes my already massively depleted inheritance, which was supposed to buy me a house. I can't buy a house because I haven't got enough to buy one outright and I can't get a mortgage due to not working for a while. + +But I can buy the lease on a pub, which comes with a campsite, a lot of land and a big 4 bed apartment. + +My logic was even if I wasn't making a profit in the pub/restaurant, as long as it covered costs, I would effectively be living for free as well as providing my kids with a huge amount of outdoor space that we wouldn't be able to afford otherwise. +The campsite is also guaranteed to make money given its location. + +It seems to be my only way out of my awful relationship and household without all my inheritance literally going down the drain, unless of course, it will still go down the drain. + +Edit: +Hey, thanks everyone that commented (apart from the mean guy, that was a bit uncalled for and unnecessary!). + +I think I've got my answer really. + +The place is super tempting because of the accommodation and land and campsite etc but in order to prioritise my children it's not likely viable for me personally. + +I can't keep up with the comments now and have started getting error messages when I try to reply, but honestly thank you to everyone who took the time to lay out their thoughts and experiences for me. + +Back to the drawing board, one foot in front of the other. + +Cheers everyone! + +Sorry, EDIT 2 - y'all need to stop assuming my gender! I'm the female. And yes my kids come first. Good day! +Frequently see "just move" to another state, county, whatever in order to obtain services (insurance, medical care etc). Can you please help to provide reasons why this "advice" is ridiculous? + + +For example, per USNEWS website, typical cost of moving in US = *Expect to spend anywhere from $2,000 to $8,000 or more for an interstate move* -- how can a poor person do that? Thanks for your input! + Hey apes, + +It's me again, Online Activity Tracker Guy. I'm back with more data for you. I made a [post](https://www.reddit.com/r/Superstonk/comments/pvmxo5/i_may_have_been_a_bit_early_saying_the_bots_are/) about this a few days ago but was downvoted into oblivion. Guys, I'm fully aware Reddit resets their servers randomly. I'm the guy who tracks this and has been since the end of May. I want to share my latest statistics again to bring more awareness to the situation of shills flooding Superstonk. + +I'm trying this again because I was tagged in this [post](https://www.reddit.com/r/Superstonk/comments/px4631/the\_shill\_campaign\_is\_here/) + +Here's my latest batch of statistics with new subs I've been tracking. + +KryptoKurrency | Average Count - 13532 | Current User Count - 13793 + +Diablo | Average Count - 1771 | Current User Count - 5160 (Major hype week for D2R) + +DnD | Average Count - 6382 | Current User Count - 5219 + +DunderMifflin | Average Count - 5653 | Current User Count - 4684 + +GME | Average Count - 6491 | Current User Count - 7778 + +GMEJ - ungle | Average Count - 3896 | Current User Count - 7932 + +Jigglefuck | Average Count - 336 | Current User Count - 369 + +NSFW\_GIF | Average Count - 6035 | Current User Count - 5891 + +StockMarket | Average Count - 1791 | Current User Count - 2453 + +SuperStonk | Average Count - 35804 | Current User Count - 65379 + +Popcornstock | Average Count - 14010 | Current User Count - 21814 + +criticalrole | Average Count - 802 | Current User Count - 722 + +dogkoin | Average Count - 3436 | Current User Count - 2361 + +gaming | Average Count - 18697 | Current User Count - 37649 + +lotrmemes | Average Count - 3956 | Current User Count - 4248 + +mildlyinteresting | Average Count - 10216 | Current User Count - 8104 + +politics | Average Count - 22373 | Current User Count - 25572 + +rupaulsdragrace | Average Count - 2900 | Current User Count - 2801 + +stocks | Average Count - 4897 | Current User Count - 11401 + +Double USB | Average Count - 29245 | Current User Count - 38156 + +Superstonk and other GME related subs both had abnormal occurrences of significant online user drop-offs around 11:30PM on 9/25, and both subs were back up to their averages around 12:15AM with SuperStonk having 12457 online, GME having 1488 online, and GMEJ-ungle having 1552. A little after midnight of that night, they were both at their averages again. + +Seeing this [post](https://www.reddit.com/r/Superstonk/comments/px82mu/one\_of\_the\_top\_drs\_posts\_is\_fake\_see\_prove\_inside/) about one of the top DRS posts being fake should be enough for everyone to come to a consensus that these shills are out in full force. I estimate at least 30k are active with possibly 50k at their disposal with what I call "sleeper" accounts who only upvote or downvote. + + +This is a post to help us stay vigilant in smelling out the bull shit that causes this sub to forum slide. + +Do your research. Question everything. + +See you on the moon. + +Edit: Check this [post](https://www.reddit.com/r/Superstonk/comments/pv4h7m/weird_jobs_2_screens_get_rdy_for_sep_27_oct_7/) about a weird job campaign that has to be active from Sept 27-Oct 7 requiring people to sign an NDA. +Hey everyone, I tried to sell my Subaru 2017 47k base legacy to Carmax in October of 2020 and they offered me $10,500. I tried to sell it privately over that time period with no luck. + +I went back in April of 2021 and they offered me $15,000 and I had an additional 2k miles on the car. The people there claimed there is a capacitor shortage right now which is driving the car costs. + +Figured I’d share this and let people know if they have a car they are planning on selling what they could expect if they take it to Carmax. + +Edit: Bought a brand new Subaru 2021 outback limited (one step under touring) for $37,000 (taxes included) 0% APR over 65 months 2 Saturdays ago. 2% under invoice price. Dealer said they were only getting 60 cars in May. +So my former apartment management has sent me a bill for carpet cleaning and professional cleaning. I can understand the professional cleaning although I left the place spotless it could just be protocol. However, the carpet cleaning is bullshit because I left the brand new carpet in brand new condition. It was just me without any animals, I am positive that the carpet was flawless. How should I proceed? + +Edit: As of right now, whenever the manager quits avoiding my calls, I am going to request photos of the “mess” I left as well as receipts of the services completed. I will ask why these charges weren’t deducted from my deposit as well as check my lease to see if the carpet cleaning was contractual. Thanks guys. + +Edit: great news, after requesting photos and receipts of the work done, the $95 cleaning fee was promptly dismissed. It turns out the $55 carpet cleaning is part of the lease agreement so I’ll take that hit, but I consider this a win! Thanks for your input!! +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! + +Sup Apes + +Not financial advice. Seriously. Do NOT listen to me, I am most definitely not a financial advisor. Just an ape who want 🍌 + +**Bump this shit now. not a request:** [**https://www.youtube.com/watch?v=X2LTL8KgKv8**](https://www.youtube.com/watch?v=X2LTL8KgKv8) + +This is gonna be a pretty short post, just giving a brief overview of what I expect/would like to see tomorrow. + +Please remember this is a PREDICTION and in no way a guarantee, I take crayons from restaurants and draw on my computer screen. + +I know y'all are JACKED after today, and so am I. I'm so jacked that I'm getting high and drunk as we speak (mothafuckin cheers you glorious degenerate bastards, porsche or food stamps ) + +&#x200B; + +[CHEEERS](https://preview.redd.it/zce14troow671.png?width=1068&format=png&auto=webp&s=532917c08d25cce427f678f4edbf1971bc16916c) + +Okay so everyone knows the ATM offering is complete. AND everyone knows what happened last time it was complete. Yesterday we finally touched the .618 level that I outlined in this post (see final edit) [https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot\_waves\_and\_gme\_why\_im\_jacked\_to\_infinity/](https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) + +"holy fuck, just another reason why you shouldn't listen to me, im so retarded (I was probably high in all honesty) when I wrote this and i looked at my fibs as 213 being the 61.8 level to watch... but i am retarded... the proper level is 201... so keep a strong eye on that for a bounce: [https://imgur.com/dmywYOA](https://imgur.com/dmywYOA) (okay now im acc leaving, the TA wasn't sitting right with me so i took a closer look, and voila... user error smh. Sorry for confusion, I'm just an ape (look CLOSELY at how the retracemnt is drawn, from the low on 3/24 to the high on 6/8... these are the PROPER ratios to reference, Irdk how I missed that yesterday" + +So we hit that yesterday and bounced at 197. The levels don't need to be hit perfectly by any means, but when the level IS hit, we have greater confirmation that the move is complete. Remember wave 2 typically targets at least 50% retracement of 1, though often times it hits the .618 level, or the .786 level. + +What's important is the LOW IS IN MOTHAFUCKAS (so it seems, i'd love more cheapies), AND we had a seemingly definitive wave 1 on a smaller scale complete. Identifying a wave 1 is often times the hardest part of EW, but the trick is to look for the end of a downtrend. It is imperative that the wave 2 does not cross below the low of wave 1, or the move is invalidated. + +Here's a view of what I see: + +[4hr](https://preview.redd.it/zhkj5o01qw671.png?width=2830&format=png&auto=webp&s=27f75c344d208b35483ab071a5d17bde5e61d1b0) + +My brain is playing tricks on me as I'm writing this, there are a few possible counts when looking intraday but I'm just gonna lay out the one that makes the most sense to me: + +&#x200B; + +[30m](https://preview.redd.it/rxzx4kc4sw671.png?width=2790&format=png&auto=webp&s=ca0fd31c5cd05f794ad36a9099dc0954864df1ac) + +So my thinking in this analysis is that the move after the morning dip to a high of 225.8 as a 1 and not the pre market move on news of the ATM offering being complete. The ALT count would be the move in pre market is the (i), but this doesn't really change much, just alters targets by a few points. + +So assuming the move to 225.8 was a (i), remember were looking for at least a 50% correction of said move as validation of a (ii). Low and behold, price crossed below the 50% level (white line), so the move is valid thus far. + +Do note, the .618 level was not hit, so I'm not ruling that possibility out just yet. Assuming our low of the day at 209.3 was our (ii), that puts the next (smaller timeframe) upside targets at 238.18 (1:1 extension of (i) ), remember (iii) can't be the shortest. thus, a minimum extension of 1:1 of (i) is expected, though typically 1.618:1. + +The 1.618 level comes out to 256, which ironically is the exact same as the 38.2% retracement level of our cycle wave 1 (run from 113 to 344). This is why I'm more inclined to go with this wave count. Fib is nature, when targets overlap I'm more convinced my count is correct. + +The drop to 197 yesterday does not change the overarching 3 within a 3 within a 3 setup at all, all it does is lowers original cycle 3 targets by the respective difference of the previous extension drawings (so like $9 or so). This put minimum CYCLE 3 target at 423 (This overlaps the bigger wave 3 initial target, see below and look at the 100% level, yellow) + +&#x200B; + +[target \(say it like tarzyay\)](https://preview.redd.it/jteqhb9ouw671.png?width=2824&format=png&auto=webp&s=4860b784c2e9608d8cee3c23b996fa5d4fd7d587) + +okay maybe i shouldn't have gotten drunk for this i'm really losing my train of thought lol, bear with me almost done + +in short, the move thus far is valid unless we break below 197, which idk about you, but I don't see that happening any time soon, if ever. Within this current wave subset, the highest we should go (assuming we dont see a hyperextension to 1160, personally I think moves of that scale will come a bit later, but I could be very wrong) is around 565 before a bit of retracement action. + +However, if you saw my recent post going over the (seemingly) correlation between eyyyy emm see, when that ticker did its thang, it actually hit the 1.618 level of its JANUARY run up. using that same philosophy with GME, that puts GME at... + +get ready for it... + +are you ready...? + +no you're not. + +>!862.16!< + +&#x200B; + +We shall see. + +I don't really care about the intraday action. Just look for higher highs/lows relative to 197 and were looking good. + +Will re evaluate when I must, but it's reallllly hard not to be jacked. + +Before I sign off, here's the 1.618 target of the january move... enjoy: + +[GME ](https://preview.redd.it/uzfrfragww671.png?width=2824&format=png&auto=webp&s=e48ad6f5acdb725dfd8e1e9272c99372155d7805) + +Will show you eyy emm see too just so you can see this shit really did happen, and I have reason to believe it will replicate on GME: + +&#x200B; + +[movie stonk](https://preview.redd.it/i3nu7mokww671.png?width=2802&format=png&auto=webp&s=018a2d4522b4d0c6938d7cb53a650cb91568dad5) + +TLDR: I CAN FEEL IT COMING 🚀also not saying 862 happens tomorrow lol, soon enough 😈 + +edit: interestingly enough, if we use fib time extensions, .5 level comes to 6/28 (drawing from GME's lowest low ever to the high of january. this doesn't really mean anything but It's interesting how it all ties into outside factors going on... this doesn't mean we squeeze 6/28 lol. Just something interesting) + +edit 2: probably nothing but noticed a tiny $.50 gap around the 200 level, worth noting. Its minuscule and doesn't show up on a daily chart, only hourly but you have to squint to see it. This is normal in stocks + +Edit: I’m going insane so I dug deeper . I’ll probably make a new dd tonight or tomorrow morning 🥴 +I dont really have anyone to tell this to, so its going here. I guess you have to understand the situation to be able to appreciate the news though so here's a little background: + +My husband was devastatedly injured in 2014. He suffered a brain injury and went blind overnight and was medically fragile for 2yrs before before he passed away from complications of his injuries Thanksgiving of 16. During thoes 2yrs he required 24hr care so I stayed home to care for him. Our fall into extreme poverty was pretty deep and hard. And I have not recovered yet. + +After he died Ive struggled very badly with mental/emotional health, isolation, insomnia and maintaining employment. It is what it is. + +6 or 7 weeks ago my depression/PTSD/insomnia/suicidal feelings began raging out of control and Ive been in a quick downward spiral since. I quit showing up for work, lost my job, have exhausted all my resources and sold any belongings I could. I currently am facing homelessness, Ive been going days on end without food (who knew Id be thankful for being so fat, lol) Im doing all I can think of to pull out of this situation before I finally just give up completely and decide to go be with my husband. Its been hard. I have applied for a ridiculous amount of jobs, but Im scared. I know mentally I have a hard line in the sand: I refuse to be homeless, especially in 100+ degree heat; I refuse to prostitute; refuse to sell drugs; refuse to steal; refuse to panhandle. I just wont, Id rather exit the suffering instead. + +Anyhow, on to the good news. + +I reached out to a mental health place, they sent an emergency crisis team to my house within the hour and said the state Im in qualifies me for some FREE mental health help and will schedule me with a psych doctor in a couple weeks to get on some meds for the depression/PTSD/insomnia. I just gotta hold on a few more weeks. + +The other day I paid my very last dollar to buy one more week of rent (been living in a pay by the week "apartment alternative"...basically a motel, it is what it is) and I took an odd job that provided me with gas money to continue my job search/get to work once I find a job and I had some cash to get some food. + +When I went to go get some food there was something going on outside with a heavy police presence, but it was mostly just a bunch of cops standing around shooting the breeze behind my car while 2 cops dealt with whatever the issue is. My car has expired plates and my insurance is expired as well. It felt too risky to ask the police to move, but I was also SO HUNGRY from not eating for 6 days. I broke down and called Domino's. + +While on the phone with Domino's I made it clear that I needed to price check everything before actually ordering because money is tight. Even as I did this I was starting to hate myself because waiting for the police to leave and then going to the store would be cheaper, but I was just so dang hungry. The Domino's guy said: "Listen to what I say carefully. I got you ma'am, Im going to do what I can to hook you up" I order their special of 2 medium 2 topping pizzas, which with delivery and tip will cost me a flat $20. I felt like I had punched myself in the stomach knowing I shouldn't spend that much, but I did it anyhow because it had been 6 days without food and the temptation to have some quickly was too much. He then says "When your order comes make sure its correct." + +30mins later, police still gossiping in the parking lot, my pizza came. The order was NOT correct, the spinich was missing off both my pizzas (spinich and feta with alfredo sauce) so I call back and he says "Oh darn, let me make this right by sending out your correct pizza free of charge, keep the ones you already have" Hero in my book. I got pizza to last for days! + +I was able to sleep well that night (a win in its self considering how bad my insomnia has been) wake up and have pizza for breakfast. THEN the job Ive been interviewing for text me a job offer. I start training Tues. Its only part time, but once I start getting a actual paycheck again and add that to my little monthly "widow check" I can cover my rent. (I just gotta figure out this next week or two of rent then I should be good.) Not only did I get the job, but it also comes with a FREE meal every day I work. + +IM LITTERALLY CRYING TEARS OF RELIEF RIGHT NOW. + + If I ration my pizza I will have enough to last till my first day of training, then I will get a daily meal when Im working and a paycheck again to follow, help with my depression/PTSD around the same time too. I just got to get through the next week or two and things will be getting better. Because the Domino's guy hooked me up with pizza I can use what money I have to hit Goodwill and look for the required clothes for the job. All of this is a huge relief and makes me think maybe I *can* pull out of this nose dive Ive been in! +Let's say that hypothetically, Evergrande defaults, putting China in a recession. The USD either hyperinflates or the FED increases interest rates, leveraged investors bail and the markets crash, European markets follow. + +I'm not sure how feasible this is, i've only started my investment journey one year ago. But for argument sake let's assume that whatever is the current worst projection becomes a reality. + +&#x200B; + +How does a retail investor react to this type of situation? + +My portfolio consists mostly of a world index (MSCI World, [IWDA.AS](https://IWDA.AS)), small amount of s&p500 Healthcare sector and a bit of crypto. + +&#x200B; + +EDIT: Obligatory RIP inbox and thank you for the award kind stranger. Y'all amazing +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! + +What’s everyone think of CRO?? +They seem to be the biggest advertisers out there… renaming the Staples Centre, Matt Damon as a spokesman, Ads on Reddit, CryptoMarketCap and CoinGecko, etc etc. +There’s growth right now and room for more! +Thoughts?? +I want to help. They've been very good tenants for a very long time but I'm wondering what options are out there - for both of us. + +* Will business owners get any relief? +* Should I defer rent, not forgive rent? +* Should I ask for receipts that show at least an x% drop in business? + +Any suggestions are certainly welcomed +I cant stop looking at my CC account showing a balance of $0.00! Paying it off was incredibly difficult and stressful. Many times I felt like it would never go away until I got it below a 1,000 dollar balance. Thats when it felt like the end was finally near. As a result of paying it down my credit score soared from low 600s to standing at 756. + +I paid 300 dollars a month on it, plus tax refunds each year. That extra money can now be saved and used to improve my quality of life dramatically. + +If you are in high CC debt. Just bear down and keep chipping away at it. It will feel hopeless at times but as the debt shrinks the payments start taking bigger and bigger bites out of that balance. It takes patience and grit and alot of discipline. But it is completely worth it! +* TLDR at the end. + +&#x200B; + +Hey guys! I have seen this post going around the subreddit of the community being a literal SCHD shill, and nothing else. While I actually thought it was funny, I wanted to analyze the reasons why it is seen as a dividend king-pin over anything else. + +After that, I will be making a few other posts analyzing the top holdings. They are a major part of the portfolio so logically, I would assume that these companies represent what a typical r/dividends investor is looking for, right? + +&#x200B; + +So finally: SCHD vs VTI. Two US funds, with a major bias towards large-caps. I assumed they would be great enemies since VTI / S&P500 funds are the most classic US funds of them all. + +&#x200B; + +First of all, what does VTI have to offer? A very old and classic ETF (2001 inception date) with ratios representing the average of the US market. It is reliable, it is cheap with an expense ratio of 0.03%, and relatively ok dividend. + +https://preview.redd.it/u4kf92422dj91.png?width=1892&format=png&auto=webp&s=e23fb16231dcac8c77b6b83bb00f286593d01b63 + +On the other hand, SCHD is more recent, and has not yet seen major crashes like in the early 2000s. It is important to note the almost doubled-dividend, with cheaper average stocks (14.47 P/E vs 19.30). Finally, the difference in expense ratio is pretty much negligible. + +https://preview.redd.it/46wyktlp2dj91.png?width=1901&format=png&auto=webp&s=19ee41c95ebc4abaeaca015efc438b16d7d1a224 + +&#x200B; + +VTI's top holdings: + +https://preview.redd.it/jexjjx3j5dj91.png?width=1851&format=png&auto=webp&s=6222555042909b7053e5f6a6a0a2e5934b70fcfe + +Mega-cap stocks, we see the FAANG group with some other large-moat companies. The weight is very reasonable for the top-10, but these stocks are expensive and growth-oriented. + +&#x200B; + +&#x200B; + +SCHD top holdings: + +https://preview.redd.it/99rxd8r26dj91.png?width=1857&format=png&auto=webp&s=ad4366cce4d3af399875ac6aba03d020cb7924f6 + +NOW that's what we like even more. Dividend kings after dividend kings, SCHD holds major dividend companies like TXN, PEP, KO, HD, etc. It feels like the sector diversification of the top-10 is better. Less tech, more physical product sellers with pricing power and increasing dividends. + +&#x200B; + +Finally, VTI's sector exposure: + +https://preview.redd.it/49nxi1gv6dj91.png?width=1851&format=png&auto=webp&s=f3432a1e7164f4e0bd87e42e1e421439dae2f9f3 + +And SCHD's sector exposure: + +https://preview.redd.it/y6ec59dy6dj91.png?width=1862&format=png&auto=webp&s=8505602f4e9acd2c3de10903637183d1e48b50f9 + +&#x200B; + +TLDR: VTI and SCHD are both very cheap, diversified US large-cap funds. While SCHD has overall cheaper companies inside of it, it is more concentrated in the top-10 holdings and in its sector allocation (except tech): even missing real estate. + +Overall, I would say SCHD is worth it if you do not mind risking a little bit of concentration to get more value / cheaper stocks while keeping a constantly higher dividend. + +&#x200B; + +I will be making other posts in the next few days analyzing the top holdings of SCHD to see why it is considered such a king around town. Let me know what you think of this kind of comparison. See ya! +Hello folks, today was pretty fun, as it was my first full month of getting all dividend payments for my portfolio in a single month. I am currently on average to make $15.75/monthly from my monthly payers. + +My goal is to get my portfolio to $100/mo for dividend payers and then transition new capital to growth and continue to use the dividend income add to or build out small dividend positions. + +I track everything in a spreadsheet and determine minimum investment amounts to make $10/mo per position (at least that is my goal.) I have 6 dividend payers, but only 1 of them is over the $10/mo target right now. + +It's pretty fun, I don't obviously have a lot invested, nor do I invest more than a few hundred a month, but I do feel like I am on my way and I have a strategy in place. + +I'd be interested to hear your strategy? How are you using your dividends? +Well. This. Cheers! + +&#x200B; + +Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. +Please realize that no amount of money is worth losing your life over. If you’re feeling stuck, I promise you there’s a way out. Ask yourself: what do you like to do? Do you like people? Look for a sales job and work your way up. Do you like traveling? Try and save some money, move to Latin America (edit: or somewhere else abroad) and teach kids English while living in a much more affordable tropical place. Feeling isolated? Reach out to one person who you would be happy to talk to. There are always solutions. + +I know it’s easy to feel isolated, especially now. But I love each and every one of you, and I don’t even have to know you personally because you are all my brothers and sisters from a cosmic perspective. + +If anyone is feeling down, please DM me and id be happy to chat. No one should suffer alone. + +Edit: so happy to see so much love on this post. Thank you all for the awards. + +Also, I am not trying to offer a one size fits all solution to depression/anxiety. I was in a very dark place after my sister died and was dealing with a bunch of external pressures that exacerbated my anxiety/depression. I am just trying to give EXAMPLES of questions one COULD ask themselves if they are feeling stuck, from my perspective. + +I may be overly optimistic, but I believe the universe has a place for each of us and no harm can come from continuing to hope for a better tomorrow. Peace and love my brothers and sisters. + +Second edit: +This post goes out to all people suffering from anxiety/depression and/or suicidal thoughts and is not just limited to those who are active in the stock market. Love you all + +Third edit: +I love you all so much. + +This edit is for the person who made the following account (u/Many_Technician_4065) and messaged me. I was responding to your message and just as I clicked it, it said you had deleted your account. Your words spoke to me so deeply and I wanted to post my response here in the hopes that you might see it. I hope you do: + +I just want to say you are a beautiful writer and what you said really resonated with me. “If I want to kill myself for some reason that is at its core superficial, maybe I should live for an equally superficial reason just to see what happens. Maybe the prospect that I can do what I know I’m capable of.” That is a very similar sentiment to absurdism by Albert Camus and honestly is a lens through which I see the world. + +The chances of us being born, exisiting on this strange rock suspended in a sun beam, were so infinitely small yet here we are. Yes, there may not be any objective purpose but here we are and that’s pretty fucking special. I know you said I don’t care about you, but I promise you I do. I care that you took the time to message me and share the beautiful inner workings of your Mind with me. I care that you and I are both 2% genetically different than chimps, evolved from bacteria in the ocean yet here we are, helping each other out and connecting. I really do care, and I appreciate your existence so much. +WOW, today is going to be quite a day by the looks of it!! + +(oops - title meant to say "surge", sorry) + +* * * + +U.S pharmaceutical giant Pfizer and German biotech firm BioNTech said their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection, according to data published Monday from their late-stage vaccine trial. + +It comes as drugmakers and research centers around the world scramble to deliver a safe and effective vaccine in an attempt to bring an end to the coronavirus pandemic that has claimed over 1.25 million lives worldwide. + +Scientists are hoping for a coronavirus vaccine that is at least 75% effective, while White House coronavirus advisor Dr. Anthony Fauci has previously said one that is 50% or 60% effective would be acceptable. + +Albert Bourla, chairman and CEO of Pfizer, hailed the development as a “great day for science and humanity.” + +The results were based on the first interim efficacy analysis conducted by an external and independent Data Monitoring Committee from the phase three clinical study. The independent group of experts oversee U.S. clinical trials to ensure the safety of participants. + +The analysis evaluated 94 confirmed Covid-19 infections among the trial’s 43,538 participants. Pfizer and BioNTech said the case split between vaccinated individuals and those who received a placebo indicated a vaccine efficacy rate of above 90% at seven days after the second dose. + +It means that protection from Covid-19 is achieved 28 days after the initial vaccination, which consists of a two-dose schedule. + +The final vaccine efficacy percentage may vary, however, as safety and additional data continues to be collected. + +“The first set of results from our Phase 3 COVID-19 vaccine trial provides the initial evidence of our vaccine’s ability to prevent COVID-19,” Pfizer’s Bourla said in a statement. + +“We are reaching this critical milestone in our vaccine development program at a time when the world needs it most with infection rates setting new records, hospitals nearing over-capacity and economies struggling to reopen,” Bourla continued. + +“With today’s news, we are a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to this global health crisis. We look forward to sharing additional efficacy and safety data generated from thousands of participants in the coming weeks.” + +Roughly 42% of the trial’s participants had diverse backgrounds, Pfizer and BioNTech said, adding that there haven’t been any serious safety concerns reported yet. + +The companies said they planned to submit for emergency use authorization to the U.S. Food and Drug Administration soon after they have two months of data, which is currently on track for the third week of November. + +Based on current projections, Pfizer and BioNTech expect to produce up to 50 million vaccine doses in 2020, and up to 1.3 billion doses in 2021. + +The companies said they plan to submit data from the full phase three trial, which began on July 27, for scientific peer-review publication. + +https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html +The world used to be not so fucked. Then the world got a little bit fucked. Now the world is really fucked and it's about to get *way* more fucked. Fuck, it's actually fucked. + +What this sub has come to learn over the past 2 years is that the root cause of the majority of the trials and tribulations most people are currently experiencing in the world today have been due to global financial systems abusing their many privileges in the pursuit of profits at any cost. Bad bets are made often and when things go south, taxpayers are left with the bill. Well, we're at the precipice of global financial collapse brought on by a massive positive feedback loop of countless bad bets, except this time, the people who usually win are losing. Badly. And we are the winning side. + +Through a combination of time, greed, incompetence, negligence, corruption and crime, modern markets have become 100% rigged. Yes, you heard me. 100%. Investors are being robbed at a fixed casino, but the **Game** is about to **Stop**. + +My goal in writing this is to outline 3 main reasons why I think investing in GameStop is simultaneously a smart long-term investment play and is also one the few, if not the only life raft in the inevitable financial turmoil the world is about to experince; + +1. GameStop is a healthy long-term investment +2. NFTs are not what you think they are ^(humor me) +3. Illegal Naked Short Selling/GME Short Squeeze + +# GameStop is a healthy long-term investment + +Why? GameStop; + +1. is hellbent on maximizing customer experience; + 1. Ryan Cohen founded Chewy in 2011 and sold it to PetSmart in 2017 for $3.35 billion. It became a hyper-successful online retailer due to repeat business from customers that had incredibly positive experiences like being able to keep products ordered/sent by mistake for the sake of convenience and sending flowers and hand-written cards to customers whose pets had died. Cohen is bringing the same mentality to GameStop. Leadership has been refreshed, stores have been updated, branding has been unified, new innovative products like the GameStop Wallet are powerful and easy to use, and much more. +2. has has no debt; + 1. Up untill Cohen invested in GameStop, it had tremendous levels of debt. Now it has relatively [none](https://www.macrotrends.net/stocks/charts/GME/gamestop/debt-equity-ratio). As Larry Cheng (Volition Capital, GME Board Member) [says](https://twitter.com/larryvc/status/1557177841036443649), "The best position: debt free, cash flow positive, strong balance sheet." +3. has revamped leadership; + 1. GameStop has poached literally [hundreds](https://www.gmedd.com/dd/amazon-dont-tell-me-we-lost-another-as-gamestop-poaches-over-250-hires-from-tech-giants/) of top-tier talent from reputable, strong, blue chip companies. New leadership for their new direction, which is *up*. + 2. Netflix pivoted to streaming during the dawn of the internet, which made them successful and made compies like Blockbuster obsolete ^(shh, don't tell them). GameStop is now making a similar pivot, creating a new ecosystem and ensuring they are situated to capitalize on systemic changes, and they have the right people in place to drive this change. +4. is expanding their product offerings; + 1. Their online store offers a much wider array of products and they have strategic parnters to deliver products to customers at an impressive speed. +5. is at the forefront of integrating cryptocurrencies and NFTs into gaming; + 1. GameStop developed their own NFT Marketplace. + 2. GameStop developed their own self-custodial crypto wallet; + 1. Self-custodial means that even in the *extremely* unlikely event that GameStop goes bankrupt and/or if the GameStop Wallet poofs out of existence, you still own all your assets through your Ethereum address and can access it from other UIs. Ownership of any item is not dependent in any way on the success of the company. + 3. They have partnerships with industry-leading companies in the crypto space; + 1. [Loopring](https://loopring.io/#/layer2) \- an open-sourced, audited, and non-custodial exchange and payment protocol that anyone can build upon. A Layer 2 scaling solution for payments. + 2. [Immutable X](https://www.immutable.com/) \- an industry-leading NFT minting and trading platform with a heavy emphasis on gaming. A Layer 2 scaling solution for NFTs. + 3. [Cyber Crew](https://engwindart.com/cyber-crew-nft) \- A collection of digital artists creating high-quality *playable characters* and *usable items,* all tradable on the Ethereum blockchain. + 4. [Kiravirse](https://kiraverse.game/) \- KIRA is an online multiplayer blockchain-based game created in Unreal Engine 5 where users across the globe can come together to play, compete, and earn. Think Fortnite but on blockchain (remember, most consumers/gamers don't need much, if any knowledge of NFTs). Check out some [footage](https://www.youtube.com/watch?v=xceD0gN7nnU&ab_channel=KIRAVERSE). Nice. Why Kira over games like Fortnite? Well, you can never have your items taken from you, they're cross-compatible between games and you can earn real money through playing and trading. + 5. [FTX](https://ftx.com/) \- A registered and regulated crypto exchange. FTX US will collaborate with GameStop to introduce its customer base to the digital asset ecosystem. As a result of this partnership, FTX US will be GameStop's exclusive crypto exchange partner in the U.S. and GameStop will be FTX US's preferred retail gaming partner. + 4. See below; + +# NFTs are not what you think they are + +If you hear the term "NFT" and immediately think something along the lines of "overpriced JPGs are stupid", you aren't wrong to feel that way. **We agree.** When you see this community get excited about NFTs, *that isn't what we're excited about*. + +While JPGs can be NFTs, that doesn't mean NFTs are JPGs. They are not synonymous terms, not even close. Instead of thinking of NFTs as images exclusively, think of them as *any* ***unique*** *thing that is compatible with blockchain technology*. That's it. Everyone has been focusing on the product itself (and often they can't be blamed for that), where a more fitting metaphor for an NFT would be the *barcode* on that product. + +Hating on NFTs because you disagree with everything that the *Bored Ape Yacht Club* and other projects stand for is like disagreeing with Costco as a business because they stock Dyson vacuums. + +Remember, the barcode on any product in any store is irrelevant to the average consumer, but vital to the business for logistics and operations. Think of what barcodes have done to increase the efficiency of commerce at every level. All NFTs are doing is bringing that efficiency to blockchain-based items. + +Relative to GameStop specifically, gaming NFTs will be unique, blockchain items and the fact that they will be NFTs will be virtually ^(no pun intended) irrelevant to the average consumer. The important aspects of NFTs are the underlying methods by which they're created, stored and traded - trustless, permissionless, verifiable and immutable on a blockchain, and more specifically to GameStop, the Ethereum blockchain. + +Ether is the native currency of the Ethereum blockchain, and like bitcoin, if I have one and you have one, and we switch, there is no difference. It's like trading a like bill or coin with a friend. You still have the same amount of money. Conversely, if I have an NFT and you have an NFT, and we switch, *there is a difference.* I had #20 of something and you have #35, and now we have the other. The number is what matters and it can be tracked and verified by the use of NFTs. And within the vastness of the blockchain that is Ethereum, they're basically like universal barcodes for all upcoming digital games, stores, communities and more. + +It's not overly revolutionary in theory, but it does allow everyone to create, communicate and trade in one unified system. Gamers will be able to complete actions like giving/selling a game item (a skin, for example) to someone else *between different games*, all without the need for an intermediary. You will **never** have a studio step in and restrict your access to your shit in this ecosystem. You can't tell me that isn't desirable, especially in the industry of gaming. + +I'll give one more example regarding *ownership*. Here are some recent examples of how the things you buy aren't really yours; + +https://preview.redd.it/m6ybv05grhu91.jpg?width=1001&format=pjpg&auto=webp&s=de9cd00c6a60dbbcd73cf79b62071b62ead58592 + +https://preview.redd.it/u2dtcl5grhu91.jpg?width=1221&format=pjpg&auto=webp&s=b563384152d47bbcfd9db46448b78a7cace4a4da + +https://preview.redd.it/ennr8l5grhu91.jpg?width=1080&format=pjpg&auto=webp&s=9a87462c33934975b67a26bf70cc680b5be07239 + +I understand there are certain examples where outrage may not justified, as you may have purchased the license to one specific thing and if that thing updates or changes then your license may become void in some way, but let's not get lost in the weeds. + +The point is - **in the modern world you do not own your assets**. If a developer wants to take your stuff, they can. If a corporation wants to move the goalposts of a contract mid-game, they can. If an exchange want to restrict your ability to trade something, they can. One solution to this probelm that GameStop is about to offer through the use of NFTs is that it removes the intermediary, meaning *every* transation is done by somewhat of a calculator, a very secure, very trustworthy program. No one can get in the way. No one can shut it off. No one can interfere. Again, when done properly, you can't tell me that isn't desirable. + +Remember, an NFT can be *anything* on the blockchain. So technically, games licenses could be distributed as NFTs, or skins, or rare items, or a universal gaming currency, etc. etc., and as long as you never sell them or get scammed out of them (that's on you - with freedom comes responsibility), you own them in perpetuity and they will *never* change. + +# Illegal Naked Short Selling/GME Short Squeeze + +What would it sound like if I said, "*RadioShack is destroying the economy!", or "Home Depot investors are stealing from teachers' pensions!"*? It sounds ridiculous because it is, yet somehow when *RadioShack* or *Home Depot* is substituted with *GameStop*, somehow everyone believes it. Here is one question that *no one* has been able to answer since Jan 21' - how *exactly,* in terms of specific market mechanics, does retail investors *buying* something, aka injecting liquidity *into* the markets, into *one specific stock,* pose a threat to the entire system? I'll tell you - it doesn't, and anyone who says it does is manipulating you and if they aren't aware of that, they're on the payroll of someone who else who is. + +People much smarter than me have written in great detail about the specifics of how this is done, I won't come close to doing any paticular topic justice so if you're new here I will simply direct you to the [Superstonk DD Library](https://fliphtml5.com/bookcase/kosyg), but I will simply do my best to summarize at a high level. + +In a onceuponanuttshell, get familiar with the tern ***Illegal Naked Short Selling,*** despite what the media will tell you, it is the single most powerful mechanism by which our the stock markets are being manipulated in the modern era. Top players get to pick and choose which companies thrive and fail by controlling the stock price via creating more shares than exist, selling them in the open market to plummet the price and hiding that crime in the complexity of the system. + +Let's say I have a milkshake stand and I want to go public because my milkshake brings all the boys to the yard. I sell 1000 new shares for $1, so the market cap on *OnceuponaMilkshakes* is $1000. BUT, Booster Juice (no disrespect, love a good BJ) sees me as a threat and wants me out of business, so the CEO of BJ conspires with some financial criminal who specializes in this sort of thing, let's call him Gen Kriffin, and they work together to secretly and illegally sell shares that don't exist. They do this by "borrowing" as many shares as they see fit with the "promise" of returning them. This artificially increases the supply of my stock which has a real-world effect of lowering the stock price. All they really need is a little drop, or a slow and sustained drop over time. Then magically bad news about my company and/or me comes out in the news and low and behold real investors see red with bad news, get fearful and sell out, creating a positive feedback loop, plummeting the price to $0.10. Now I have no capital, can't afford my debt, can't afford to continue business and I'm forced close down. Little do we know, BJ CEO, Gen Kriffon and some close friends of theirs opened up short positions at $1 based off their inside information. The initial dip was manufactured and the bad news wasn't real. They just **stole** $0.90 from everyone who took the bait. Paying the news company to run negative stories and risking volatile markets are just "costs of business". They will also never pay taxes on those profits - for more fun facts refer to the DD libary above! + +What happened here was *Illegal Naked Short Selling*, in conjunction with a few other illegal practices, but they aren't important for the purposes of this example. The benefit for short sellers is they capture the difference in price when it goes down, but remember, this is a gamble. The risk is that if the price goes up, short sellers need to *return the thing that they didn't have*, which means they are forced to buy it. + +Had *OnceuponaMilkshake* investors not sold, and in fact purchased those 200 new shares, the price would have risen above $1 and the "promise" of short sellers to return what they "borrowed" would need to be fulfilled. I only issued 1000 shares but 1200 exist in brokerage accounts, so shorts need to buy 200 more to close their position. The tricky part is the only place they can buy shares is from the original investors of the 1000 shares, and if no one sells, shorts need to increase their prices until they can afford 200 shares. Let me introduce you to my friend, *Mr Short Squeeze.* + +This is obviously a gross oversimplification, but by and large GameStop has been one of many victims of *Illegal Naked Short Selling* like the example above. The difference is, for the first time ever no investors took the bait. We threw a really big fucking wrench into their engine and now they're all panicking because they don't know what to do with all the extra shares they borrowed and sold. And there are a lot. + +In the words of Houston Wade; + +>There's no panic selling. These people, they may have bought at $4, sat through $400, went back to $40, went to $350, back down to $110, and they have not sold. All they've done is bought more, and there's no answer for that. It's like Art of War mastery by a bunch of idiots who should know better. + +We don't know exactly how many shares are out there, but at one point last year there was official data that showed GME had 2.26x the amount of shares in existence and that number has only gone up. That's evidenced by the rabid GME community continuing to *buy* but the price has continued to go down. + +What we do know is that the data (crime) previously hidden in the complexity of the system is slowly coming to light, especially with GME investors Directly Registering Shares (DRS) through GameStop's official transfer agent, Computershare. (Info on this can also be found in the [DD Library](https://fliphtml5.com/bookcase/kosyg)) + +In closing, GameStop was neatly packed into the 'fuck you' box, but we the investors have given Ryan Cohen and his team the capital needed to help it transform into a successful company. There is **a lot** more to the story but all the data points towards one thing - the Mother of All Short Squeezes (MOASS), and anyone holding GME shares will benefit from it. +Edit: Yes that’s right, those fines and penalties the SEC and DOJ charges corporations/banks for manipulation and Fraud are usually written off as tax deductions! There is 0 sense of liability and punishment in this market for the ultra rich and guess who pays for it all? The taxpayers like me and you! Not only do they not go in jail they don’t even lose most of the money from the fines and penalties, realistically they lose only 63% of the initial fines amount (20-37% gained back from tax deductions)! This is fucking absurd, every tax payer should be pissed and demand answers. On top of that every fine is so low that it’s basically a slap on the back. + +A report in June 2016 showed from the start of 2010 14 banks were fined more then $1 Billion, and a lot of them are very familiar to all of us with Bank of America at the top of the list with $56 Billion fine, JP Morgan $28 Billion, Citigroup $15.4 Billion, Wells Fargo $10.9 Billion, and more adding up to more then $160 Billion and guess what most of it was probably written off as tax deductions. Here’s some of the categories these penalties were charged on- Manipulation of foreign exchange markets, Manipulation of energy markets, failing to report suspicious behavior by Madoff, assisting tax evasion, toxic securities and mortgage abuses, and many other major cases. + + +“When banks negotiate an out-of-court settlement instead of waiting for a judge to decide the penalty amount, the categorization of the payment as a “fine or penalty” becomes — as a “cost of doing business” and thus get a tax deduction on those payments.” + +In the definition of a fine or similar penalty, the U.S. Tax Code does NOT consider compensatory damages paid to a government as constituting a fine or penalty. This exception is the “tax loophole” a clever tax lawyer can exploit to help banks reduce the amount of money they have to pay to compensate the people harmed by their actions + +[https://sevenpillarsinstitute.org/ethics-tax-breaks-bank-fines/](https://sevenpillarsinstitute.org/ethics-tax-breaks-bank-fines/) + +“The corporation gets to ultimately deduct these huge amounts of payments, the government agency gets to advertise these huge top-line numbers saying that they’re holding the corporation accountable for its behavior, but the bottom line is that TAXPAYERS are the ones who are LOSING. + +In 2013, for example, JPMorgan Chase agreed to what was then a landmark $13 billion civil penalty with the Department of Justice to resolve investigations into its sale of risky mortgages prior to the financial crisis. Of that amount, $11 billion was eligible for a tax deduction.” + +[https://www.pbs.org/wgbh/frontline/article/how-80-billion-in-coporate-fines-can-become-48-billion-in-tax-breaks/](https://www.pbs.org/wgbh/frontline/article/how-80-billion-in-coporate-fines-can-become-48-billion-in-tax-breaks/) + +Fines are not acceptable, I want people behind bars! No cell, no sell. + +Edit: The title meant to say “Fines” instead of “Fees” sorry for any mix up. + +Special thanks to @ApesTogetherDoc on Twitter for shedding light on the topic. +https://seekingalpha.com/news/3611885-teslaminus-4_3-s-and-p-500-rebalance-skips-automaker + +>In a fairly heavy shuffle, several companies are moving among the S&P 500 Index, the S&P MidCap 400 and SmallCap 600 as part of September's quarterly rebalance. + +>Not added to the S&P 500 in the rebalance: Tesla (NASDAQ:TSLA), which is down 4.3% after hours. + +>Moving into the S&P 500 are Etsy (NASDAQ:ETSY), Teradyne (NASDAQ:TER) and Catalent (NYSE:CTLT), as more reflective of that market space. Making room for them are three names heading down to the MidCap 400: H&R Block (NYSE:HRB), Coty (NYSE:COTY) and Kohl's (NYSE:KSS). ETSY is +5.4% postmarket; TER +3.1%; COTY +0.8%; KSS +0.5%. + +>Making a market-cap move up to the MidCap 400 are SmallCap 600 constituents Wingstop (NASDAQ:WING), Medpace Holdings (NASDAQ:MEDP) and Fox Factory Holding (NASDAQ:FOXF). They're replacing PBF Energy (NYSE:PBF), Allegheny Technologies (NYSE:ATI) and Mack-Cali Realty (NYSE:CLI), all of which head down to the SmallCap 600. After hours: WING -0.9%; PBF +0.8%; ATI +3.5%. + +>Jazz Pharmaceuticals (NASDAQ:JAZZ) is also joining the MidCap 400, replacing Transocean (NYSE:RIG), which is no longer representative of the space. After hours: JAZZ +4.8%; RIG -0.8%. + +>And Mr. Cooper Group (NASDAQ:COOP) and R1 RCM (NASDAQ:RCM) are joining the SmallCap 600, replacing Express (NYSE:EXPR) and Pennsylvania Real Estate (NYSE:PEI). After hours: COOP +1.5%; RCM +7.1%; EXPR -0.5%. + +>All moves are effective prior to the open of trading on Monday, Sept. 21. + +You can find the direct link [here](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20200904-1214656/1214656_finalmigraseptetsyctltter30.pdf?force_download=true) (PDF warning) +Warning: The following post is **speculation** on how a swap is being used against GME. + +**TL;DR: I am attempting to explain how popcorn is being used as a SWAP with GME. More specifically, popcorn is possibly being used as collateral for a short position of GME held by a third party who actually owns the short positions, and the hedgies are profiting/losing daily based on the performance of the swap. Why is this important? Understanding the process provides us a way to gauge how much we are winning the war against GME shorters through TA. In addition, and completely unrelated to GME apes, this has DIRE implications for popcorn holders.** + +In the past, there have been a few great DD posts that talked about swaps, popcorn, and Berkshire. Here is one of the first DD that got me asking questions, [THE POPCORN / BUFFETT HEDGE: A Weapon of Financial Mass Destruction](https://www.reddit.com/r/Superstonk/comments/uhs0x1/the_popcorn_buffett_hedge_a_weapon_of_financial/) by u/Digitlnoize + +Also the recent swap post on Twitter by ShillWhisperer: [https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432) + +It sounded good, but I wanted to know exactly HOW the swap worked and how popcorn was being used. So I started digging. + +# What exactly is a swap, and how is it being used against GME? + +There are actually [several kinds of swaps, per Investopia](https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp), and they all work slightly differently and serve different purposes. + +**Credit Default Swap**: The ones made famous from the 2008 crash involving the housing market/bonds made famous from the Big Short movie are 'Credit Default Swaps.' These act as buying insurance on an asset that you don't own. Every month you pay a fee, and if that asset blows up, you get paid even though you didn't own the underlying. + +**Commodity Swap**: The ones that veggie growers and other physical goods traders use to hedge against volatility and uncertainty are 'Commodity Swaps.' I think this is what a lot of apes may think how popcorn is being used, as a "hedge" against GME, that if GME goes up, hedgie losses are offset by the gains of popcorn because they have swapped losses/profits between the two with another party. I personally don't believe this is what is being used against GME. + +**Total Return Swap**: **Lastly, the one that makes the most sense to me and if there is a swap in my opinion it can only really be this swap, is the Total Return Swap (TRS).** In this swap, one party Hedgie A, can take on a short or long position on an asset without ever shorting or holding the underlying. They go to Bank A (or possibly Broker, or maybe a Family Fund?) to do the actual shorting, but Hedgie A pays them a daily fee (low risk) to receive all the benefits or losses of the position. So if there is a profit in the position, Hedgie A receives a paycheck from the entity holding the position, which would be Bank A. If there is a loss on the position, Hedgie A then writes a check to Bank A. In order to hold this long/short position, Hedgie A must provide collateral, and that is where popcorn comes in. + +**Why would they use a total return swap to short instead of just directly shorting?** + +As I understand it, the advantage of a TRS that they can get leverage, and also keep the shorts hidden, because swaps are unreported (a private contract between parties). + +Also, be aware that the Total Return Swap is what Bill Hwang used to hide his long positions. [Here is a great video on YouTube explaining the entire process and how Hwang did it.](https://www.youtube.com/watch?v=JfPtabPipaQ) + +Now, I can't confirm 100% that this is what hedgies are doing to short GameStop, but I have a few other data points to back up this suspicion. + +## Summary of what I think is happening + +1. Hedgie A wants to short GME, but wants leverage, and to hide the short position. Decides to use a TRS. +2. Hedgie A calls up Bank A, to get Bank A to hold a short position on GME +3. Hedgie A pays a daily/monthly fee to Bank A to keep the position open +4. Bank A pays Hedgie A daily/monthly **profit** if the short position is net positive +5. Hedgie A pays Bank A a daily/monthy **loss** if the short position is net negative +6. Hedgie A must post collateral to Bank A to keep the short position open +7. The collateral that Hedgie A uses is popcorn (and/or additional assets) + +# Hedgies Loading the Ammo + +In order for the TRS to work, whatever collateral hedgies are using must have value. They must be long on this collateral. As such, there must have been an accumulation period, and they must pump this collateral afterwards. + +Let's look at popcorn: + +Well, well, well, what have we here. Popcorn did a 480% increase from May 21 to June 2 + +https://preview.redd.it/zf855jltw5491.png?width=1341&format=png&auto=webp&s=b95291f1ccd77fe78b785310a0008c540cf187eb + +And then as for GME: + +https://preview.redd.it/frgx5upuw5491.png?width=1341&format=png&auto=webp&s=4d4aecd85c087fa83927cd52ede1ce9442459e63 + +GME had a whopping...62% gain from May 21 to June 2? + +Note that at this time, June 2, 2021 (the highest candle of popcorn), popcorn overtook GME's marketcap for the first time: $31bn to $20bn. It was after this point that GME seemed to have been under hedgie control for a good part of the next year. + +Another odd thing I noticed was that popcorn always had massive amounts of volume compared to GME. They ALWAYS had a larger daily moneyflow, of share price x traded shares. It always seemed to me that GME had more apes buying than popcorn did. Just look at the difference in activities in the subs, and userbase. Why, then, did popcorn have such large volumes every day? And then it occurred to me to look at another data point. + +Here is popcorn's institutional ownership over 2021 to present via Marketbeat.com + +https://preview.redd.it/a9x1c4gww5491.png?width=1942&format=png&auto=webp&s=695167a66e0c82810d8245b3277928f7687f396c + +This image explains all of the oddities surrounding popcorn. Why there was so much buying despite lack of retail interest (comparatively to GME), and how the price jumped so significantly while GME barely popped (comparatively). + +My hypothesis is that, while not every institution is short GME and has to pump popcorn for collateral, it's highly possible that Kenny & Friends prepped some popcorn-flavored kool-aid and passed it around to their friends. Gave them tips, and got them to help bag-hold under the guise of profiting off the next big meme squeeze. This helps the short position hedgies maintain collateral, and thus maintain or increase their short positions on GME in the swap. + +Last year, I had run into a Yahoo article that commented on Ken and Citadel's LONG position on popcorn via public holdings. I can't link it, because it has the popcorn name in url and I get removed by automod. But it notes that: + +*When looking at the institutional investors followed by Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in POPCORN Entertainment Holdings Inc (NYSE:POPCORN).* + +I posted this article on the popcorn sub asking why they hate Kenny G when their main man is actually net long on popcorn. I got swiftly banned. + +By the way, here is GME's institutional ownership over 2021 to present + +https://preview.redd.it/xyhxoxgxw5491.png?width=1942&format=png&auto=webp&s=6ea899946f49f3874788f7dc712075956b4dd0bf + +So far, we have proof that institutions have been quite long and bullish on popcorn (and are actually quite bearish on GME). The TA shows that there was a large period of accumulation, and after marketcaps flipped, GME seemed quite suppressed. These actions, while not directly proving, do show popcorn possibly being used as collateral for GME's shorts in a Total Return Swap. But don't worry, the redemption arc is coming, and you're gonna like how the story seems like it wants to end. + +# TA on popcorn and GME predicting the tides of the war? + +If we look at the chart of popcorn, although it goes up with GME goes up and down when GME goes down, we can see several things. + +https://preview.redd.it/ln26wlxyw5491.png?width=2696&format=png&auto=webp&s=70f1b516894a01b29b107ae642f559cf2b903053 + +1. Popcorn is actually making lower lows +2. It has fallen out of its bullish dorito chip +3. It is spiraling towards the bottom of a descending channel. + +What this means, is that more folks are selling than buying popcorn. + +Let's compare to GME's chart + +https://preview.redd.it/x92to7wzw5491.png?width=2696&format=png&auto=webp&s=9b4f48bf6028aaf2aba85c13930d9f8f84d11f5b + +Over the long term, we can see + +1. GME is actually making higher lows +2. It has risen BACK into its bullish dorito chip +3. It is propelling towards the resistance (high/ceiling) of a similar descending channel + +This is showing that over long term, GME wants to go to Uranus. + +**So what does this have to do with swaps?** If you look at the two images, you can see that the most recent dates, GME had a higher low while popcorn had a lower low. And more importantly, that's exactly around the time when GME had the spasmic 4-halt day. Remember, popcorn didn't have any halts that day. If I were to guess what happened, popcorn's price went so low that a small hedgie became undercollateralized, received a margin call, couldn't meet margin, and suffered force liquidation. + +**Let's zoom in to around that point, May 12 - June 6, shall we?** + +https://preview.redd.it/x8lqddu0x5491.png?width=1348&format=png&auto=webp&s=50df79c9d4edb9baf10f34d1f5eb4d6d0d0f005d + +As we can see, what happened from the lows of May 12, 2022 to the present is EXACTLY what happened with the long term price action of Jan-June 2021. GME has an intensive, halt-inducing breakout sneeze. Popcorn follows. They both stabilize. And then popcorn has its own mini-pump. And this has happened TWICE the past month. Just like other posts have mentioned, we seem to be able to see recursive patterns in the algos, from larger time frames down to the smaller time frames, until they start to unwind. I can only hypothesize that these price actions reflect somebody holding popcorn as collateral is becoming undercollateralized, and is then having to scrounge for liquidity to pump up their collateral some time afterwards. + +# So what does this mean for GME and popcorn? + +As the hedgies who are long on popcorn and DON'T have a short position on GME, they will trade away their position over time to avoid losses. As this happens, the popcorn longs that ARE holding short positions (via the total return swap) will be forced to pump more and more liquidity into their popcorn longs to stop from being margin-called. But, there will come a day when the kool-aid drunk friends become sober, and their algos start to trade against the descending valuation. When this day comes, Hedgie A's liquidity will receive diminishing returns, and his precious collateral will be moving against him. + +**And then there will be a day when Hedgie A can no longer meet margin. What happens when someone fails to meet margin? Their collateral gets force liquidated. And what do we think their main collateral is?** I dunno, maybe hotdogs or something. + +We can already see GME is winning the battle. We're starting to make higher highs and higher lows, and popcorn is making lower highs and lower lows. GME has overtaken the marketcap lead considerably. If anything, this tells me swaps could be blowing up soon, unless they post additional collateral. + +Again, this is all SPECULATION. I have no hard evidence, only circumstantial evidence based on institutional holdings matched with TA volumes and price action during specific time frames. If anyone can point out flaws in my data points or lines of thinking, please feel free. I am a very smooth brained ape when it comes to financial matters, and all I know how to do is eat crayons and draw lines with them. Thank you for reading. + +This is not financial advice. + +\*Edit: Added Tweet DD reference by ShillWhisperer. +\*Edit2: Fixed images. +\*Edit3: Fixed a date, May 12, 2002 to May 12, 2022. +\*Edit4 (June 8, 2022): Well, well, well! [https://www.reddit.com/r/Superstonk/comments/v80wj3/popcorn\_swaps\_caught\_red\_handed/](https://www.reddit.com/r/Superstonk/comments/v80wj3/popcorn_swaps_caught_red_handed/) +I know a lot of people aspire to have passive income so I wanted to post about my experience being an accidental landlord. As a brief background I moved in with my partner so rented my leasehold 2 bed flat in London out. + +The people who moved in have been great, paid on times and minimum issues. I have tried to be good to them by keeping rent at below market rates for them. Being zone 2 it is a high rent and all counts as income which has other impact on tax, child care etc + +However with the tax on rent at 40% and interest rates going up it looks like I'll have to sell up. My current net profit on the place after taxes, service charge, insurance etc is around £250/month. With the remortgage rates it would be about £5/month even if I increase the rent. + +I'm not in a position to be able to buy the freehold (other leaseholders aren't able to at the moment) so not much I can do on service charge or interest rates. + +This is *not* a post for sympathy as I have made a good capital gains profit over the 10 years I've owned the flat (even counting the expensive divorce) but more wanting to make people aware. + +If I reinvested the money I would look to either do in a commercial property via a sipp or set up and buy via a LTD company. Any resi properties would be in other locations (probably NW so Manchester or Liverpool) but issue are that be depriving other people of family homes too. + +If anyone has advice on if I can put the property into trust/children's names do let me know but I believe those options are limited and not nearly as efficient as they once were. + +Being leasehold I've been slammed by the freeholder on some random charges and costs that eat into the tiny profit. + +If anyone is interested the rough numbers are below + +Rent £1850 +Mortgage £650 +Service charge /insurance £250 + +Net income 1110 (rent - 40%) - £900 = £210 net profit + +Edit: it is an interest only mortgage on the property +My mother wants to invest in my brother future who is 15 now and in high school. I don’t know much about finance investing money stuff like that but I’ve been trying to research what are some beginner ways to start investing in his future. We thought about opening credit card under my mother account like minimum balance that he can’t excesses but idk how that works or if it’s actually a good idea. Many have mention plans like 529 college, custodial Roth IRA with fidelity. My mom doesn’t make lot of money as she only works in fast food place but she wants to help build something to help him out. +In a discussion about increasing the long-term health habits of Americans last night, a friend of mine and I were rolling around the option of decreasing or eliminating corn subsidies (as well as possibly wheat and soybean subsidies) in an effort to raise the prices of unhealthy, starchy foods (that use large amounts of HFCS as well as other corn products) as well as hopefully save money in the long-run. Another hoped-for effect is that the decresaed demand for corn would create increased demand for other, healthier produce, which could then be grown in lieu of corn and reduce in price to incentivize the purchase of these goods. + +These were only a couple of positive outcomes that we thought of, but we also talked at length about some negative outcomes, and I figured I'd get people with a little more expertise on the matter. + +Corn subsidies, as of 2004, make up almost [$3 billion](http://www.usda.gov/documents/FY06budsum.pdf) in subsidies to farmers. Since we spend from the national debt, removing this subsidy would effectively remove $3 billion a year from the economy. The immediate effect is that corn prices, and subsequently all corn-related product prices, would skyrocket to make up at least some of the difference. Subsidies are there, at least **ostensibly** for a reason, so theoretically farmers couldn't go without that money without becoming bankrupt. (Linked in the [wikipedia](http://en.wikipedia.org/wiki/Agricultural_subsidy) article I got the PDF from, wheat and soybean subsidies total around $1.8 billion themselves.) + +Secondly, in the optimal scenario where some degree of corn production shifts over to other produce, there are a lot of overhead costs associated with trading in specialized capital equipment used in harvesting corn for other kinds, seasonal planting shifts, and possible land-buying by large agricultural firms because not all produce grows everywhere, so any reduced cost in produce must come after that cycle of restructuring. + +What my friend and I were trying to get a grasp on is the potential price spikes and their scale that we could expect from this. Would this have the coutnerintuitive effect of actually starving poor people instead of getting them more nutrition, at least in the short term? What's the approximate likelihood of something like a food shortage? Can farms remain profitable without these subsidies, and if not, why not? +A Big Pharma company that got millions of Americans addicted to oxycontin and 100,000s killed from overdoses? A chocolate company who relies on child slave labor in West African cocoa plantations? A fast food chain that gets its hamburger beef from devastated deforested areas of the Amazon? Etc. + +Serious question - are there any rating systems for corporate evil and/or investment funds that will allow for moral investments? +“I trade Forex because ___________” + +I’ll go first, + +I trade forex because I want F**k you money, and be chillin on the beach with my Batman shorts baked af, not working a 9-5 job for the rest of my life. +So, i did some digging into ETFs. + +XRT is an absolute outlier. I have been through the Top 100 ETFs that hold GME from here: [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +&#x200B; + +Some observations (trust me, bro, or go check it yourself by browsing the link): + +1: Most ETFs have an average daily volume of 0.25% to 2%; XRT? about 80%: + +https://preview.redd.it/1rye3ts608c81.png?width=354&format=png&auto=webp&s=0d0f15b6e0285a7aba0fa224d23a4808c2dbc5bb + +2: Most ETFs have very little Open Interest, like double digits or for the bigger ones a few thousand;XRT? 259.661, thats a whopping 26 million shares in options (XRT only contains about 4.8 Million shares - calculated by market cap and share price): + +&#x200B; + +https://preview.redd.it/nlu2fn5318c81.png?width=357&format=png&auto=webp&s=7eb2d6723740a4d88def4f37b3909f1d31665236 + +Here is the same picture for RTH(AUM 240 million $) - from [https://www.etf.com/RTH#tradability](https://www.etf.com/RTH#tradability): + +&#x200B; + +https://preview.redd.it/o6d7b71918c81.png?width=351&format=png&auto=webp&s=636a2bff11cf1ca22999d59a382aa8390acab41b + +&#x200B; + +Now, that XRT open interest piqued my interest, how is this distributed? + +According to [https://marketchameleon.com/Overview/XRT/OpenInterestTrends/](https://marketchameleon.com/Overview/XRT/OpenInterestTrends/): + +&#x200B; + +https://preview.redd.it/y3raj03p18c81.png?width=1547&format=png&auto=webp&s=1850f5c13a91a0cc7d41834b90069415a55b6869 + +190k puts or 19 million worth of XRT shares. + +That´is all on top of the short interest. + +I did not find any other GME holding ETF with anything near this numbers. For the - probably soon equally fucked - Motley Fool ETF TMFX there isn't much data available yet: + +[https://www.etf.com/TMFX](https://www.etf.com/TMFX) + +&#x200B; + +https://preview.redd.it/tvg0er6228c81.png?width=356&format=png&auto=webp&s=79e124ad00ef7c27df3cc1be94ff0cf05fe01ba7 + +It trades about 20% of market cap per day, but as it's only 2 weeks old i guess that could be considered normal. + +Edit2: + +\--- + +More about TMFX: + +Insane daily short volumen %: [https://www.reddit.com/r/Superstonk/comments/s5y409/kinda\_funny\_motley\_fool\_has\_a\_new\_etf\_yes\_it/](https://www.reddit.com/r/Superstonk/comments/s5y409/kinda_funny_motley_fool_has_a_new_etf_yes_it/) + +Some additional info from me: + +[https://www.reddit.com/r/Superstonk/comments/s5yjia/tmxf\_the\_motley\_fool\_next\_index\_contains\_gme/](https://www.reddit.com/r/Superstonk/comments/s5yjia/tmxf_the_motley_fool_next_index_contains_gme/) + +\--- + +&#x200B; + +Why XRT? + +I guess many of this is not new, but i cannot understand the blatant fuckery they are doing in the open. And, as a reminder, this has been going on, see past volume for XRT: + +&#x200B; + +https://preview.redd.it/ti8mf6ch28c81.png?width=713&format=png&auto=webp&s=11e2877c595c6745d8807cfe7680e1032b77d6dc + +Up to 30million on Jan 27. and 28. 2021. + +&#x200B; + +I hope someone with more wrinkles can dig deeper. I think XRT is key, to the current movement and a whole lot of indirect fuckery. + +Edit1: + +Another observation, according to the OCC position limit data, the limit for XRT is 25.000.000 - quite exact the number of shares represented by the options. Could this be the reason for the inception of TMFX? + +Someone do more digging, please, i could very well misunderstand this. + +OCC source: [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Position-Limits](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Position-Limits) + +&#x200B; + +&#x200B; + +https://preview.redd.it/bf6r9kdcr8c81.png?width=754&format=png&auto=webp&s=da9c9f04cfebc4385a83a03fd8d08fb5cf732753 + +https://preview.redd.it/z43lxmm8r8c81.png?width=474&format=png&auto=webp&s=7095d0aa3dee2d069d0745ae7171b98f8bf54874 + +&#x200B; +And the inverse, why do customers of said tower-owners like Verizon have to pay more, when Verizon gets supplemental income by renting out towers to smaller providers? + +I was always under the impression that when you own the infrastructure, its cheaper for you to use. What obvious fact am I missing? +Doubt it's the correct subreddit for that feel free to redirect me elsewhere. + +Here is the data [https://data.worldbank.org/country/myanmar?most\_recent\_value\_desc=true](https://data.worldbank.org/country/myanmar?most_recent_value_desc=true) +OPEC et al appear to be classic cartels who artificially fix oil prices. In any other sector, such price fixing would be highly illegal. The recent oil wars seem to be consequences of a free market where they are actually competing against each other rather than price fixing. + +I never understood why price fixing in oil was encouraged. I would rather have producers take part in actual competition, which is what's happening now. +Would rates naturally begin to increase when the economy was going well and decrease when it’s going bad? Is there a country with free floating interest rates determined by the market? +Absolutely loving the continued efforts to sort out the shady tactics of these financial criminals. I feel like we've come such a long way over the past few months. Let's keep it up! + +Last time we spoke about the OTC, [Robinhood had increased the GME January OTC trades by over 32%](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). + +Well after I posted, they further increased these January OTC trades. These were supposedly updated on "8/12" but as my post was on 8/15, it seems like that date is somewhat arbitrary. + +Before (from my last post): + +https://preview.redd.it/5kxtowrtpij71.png?width=1065&format=png&auto=webp&s=9b486970b19b7bcacf8ba4f986873b56a04af5af + +After + +[ An increase in 2,006 shares and 1,978 trades on 1\/4\/21](https://preview.redd.it/txti25m3pij71.png?width=1236&format=png&auto=webp&s=412cb8becb6659418789be0acd841aaace2fe9bf) + +Those increases in the scheme of the monthly data are meaningless. However, the fact that they're still increasing their January trades (7 months later) after already updating the data the week prior speaks to how insane the trading was during January and February and how fucked they truly are. + +From the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData): + +[Now updated 8\/12](https://preview.redd.it/oz30zaretjj71.png?width=896&format=png&auto=webp&s=2fa0f6564bfa2869a2c9f6155ebac9814aba0498) + +# It turns out they weren't done with their Book Cookin'... + +I present February OTC data - last updated by Robinhood Securities on **8/19/2021** + +[Comparison of Old OTC data and New OTC data. A modest 6.57&#37; increase in total OTC trades. However, Robinhood increased their OTC trades by 70.49&#37;!](https://preview.redd.it/n1y5sm5drij71.png?width=1237&format=png&auto=webp&s=6e45599bc9a94ad8b909ec795b2ad47b45d28b66) + +Robinhood increased their February OTC trades by 70.49% on 8/19! + +&#x200B; + +https://preview.redd.it/57r5tw6wlij71.png?width=1004&format=png&auto=webp&s=7c0205dda451378a76740fdacd7588d77f1edfb7 + +Here's a screenshot from my previous DD [The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/) from 4/25: + +https://preview.redd.it/yyuw0pbkuij71.png?width=695&format=png&auto=webp&s=6910d088c45a23d1ddff0be46bfb32d0baf7f2f6 + +Here's another image from my post on 4/25: + +[Why didn't they previously report any of their OTC activity from January? Why do they keep changing their February OTC data?](https://preview.redd.it/9ywgg5rtvij71.png?width=671&format=png&auto=webp&s=4cd832d99257f86b29d34d05cefa74b01f0f4115) + +# Let's take a closer look: + +I **hate** updating my spreadsheets to reflect their OTC changes 6 months after the data is published. + +I **hate** that FINRA and the SEC are enabling this bullshit. + +And I **hate** Robinhood and Vlad, cuz Fuck Them. + +https://preview.redd.it/nuebmq6qfjj71.png?width=1752&format=png&auto=webp&s=c5d64bef404dafdd9f86e3d32b0a00898047bdc1 + +# So here's a Master Table to summarize their OTC involvement to date: + +[They've made 5.976 million trades with 6 million GME shares to their 'clients' in the OTC](https://preview.redd.it/20otdsa7fjj71.png?width=998&format=png&auto=webp&s=49c4d8adb2ab5ef85b3ff69d982319b717655a7c) + +Highlighted in the S/T column are the weeks where total shares = total trades or were within 1 share of total trades. OTC manipulation at its finest. + +Highlighted in the 2nd to last column are weeks were GME accounted for more than 4% of their total OTC trades (pretty much every week from late February through April). + +The far right column is GME's OTC rank in # of OTC trades. As you can see, GME was in the Top 5 of OTC traded stocks 11 of 13 weeks from 1/19 through 4/12 (DFV options week). The only weeks it was not in the top 5 was 2/8 and 2/15, before the second run-up. + +Their recent OTC rank (from 6/28 on) reflects the change from NMS Tier 2 to NMS Tier 1. + +&#x200B; + +Here's the OTC data for the **Week of 2/1/21**, showing RH's recent update / contribution. + +[Previously reported OTC trades for this week were 0, now 364,015 trades, updated 8\/17.](https://preview.redd.it/evfc7pcxtij71.png?width=1012&format=png&auto=webp&s=0655d961feeafcd3df2fe137ded991ab62c23d86) + +And here's another one from the Week of 2/15. + +[Previously reported 14,907 trades, now 45,525. Updated 8\/16.](https://preview.redd.it/a2rp7xtqojj71.png?width=1016&format=png&auto=webp&s=3559b1e43ce84e86e117ad6c70d5b5fc8ea79959) + +And don't forget 2/22! + +[Previously reported 755,424 trades, now 767,770. Updated 8\/17.](https://preview.redd.it/0nmlbpp6pjj71.png?width=896&format=png&auto=webp&s=c1ee142484d0d84ae4518c121b245d6aaa456c6a) + +# I decided to look a little closer at the 2/22 data, since the run-up yesterday felt a lot like that run-up on 2/24. + +[During the week of 2\/22, RH accounted for 0.62&#37; of the weekly share volume, but 24.22&#37; of weekly trades. GME was 17.37&#37; of their total OTC activity for that week!](https://preview.redd.it/z65hfqbeijj71.png?width=1185&format=png&auto=webp&s=edb369f5ff3397434f697be463499c5f03181fc2) + +During the week of 2/22, RH accounted for 0.62% of the weekly share volume (red line), but **24.22%** (red line) of the **weekly trades**. GME was **17.37%** (red line) of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. High frequency trading? + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **38.39**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +&#x200B; + +During the week of 3/8 (remember that big dip we saw on 3/10? Pepperidge Farms remembers...), RH was the top OTC participant with another 764,285 trades. They were responsible for 1.00% of the weekly shares, but 25.81% of the weekly trades. GME made up 19.89% of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. High frequency trading again? + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **25.84**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +# I'll leave you with a few more tables for the true data donkeys! + +I bolded all the participants each week who had %Trades GME >1% (last column). + +**5/24 (moderate fuckery)** vs 5/31 (slightly less fuckery) + +[5\/24 - GME is 5.68&#37; of RH's OTC trades, 5.56&#37; of RH's OTC shares](https://preview.redd.it/vvkpibozpjj71.png?width=1438&format=png&auto=webp&s=a0d37f0e6949d67f709960bfd4d0de069325d298) + +**5/24** \- GME was **2.28%** of the total OTC trades and was the #2 OTC traded stock. However, GME was only 0.20% of the total OTC shares traded, which is reflected in the low shares/trade for GME **32.14**, vs the OTC (including GME) **357.97**. 10 of 10 had %Trades GME >1%, including **5.68%** for **RH**, 5.32% for **Drivewealth**, and 7.25% for NFS. + +**5/31** \- GME was 1.24% of the total OTC trades and #7 OTC traded stock. Shares/trade for GME was **28.93** vs. **323.11** for the entire OTC (including GME). 8 of 10 had %Trades GME >1%. + +&#x200B; + +**6/7 (major fuckery after earnings)** vs 6/14 (less fuckery) + +[826,774 weekly OTC trades during the week of earnings.](https://preview.redd.it/aul5rfkqqjj71.png?width=1434&format=png&auto=webp&s=6d4a5a6ca96e9abbd345e0919755ca4e3b2b2bd7) + +6/7 - GME was 1.96% of the total OTC trades and was #5 OTC traded stock. GME was only 0.20% of total OTC shares traded, which is reflected in the low shares/trade for GME **33.95** vs the OTC (including GME) **328.60**. 10 of 11 had **%Trades GME** **>1%** (all but HRT). + +6/14 - GME was 0.92% of Total OTC trades and was #11 OTC traded stock. GME was 0.09% of total OTC shares traded. Shares/trade for GME was **30.49** vs **323.11** for the OTC (including GME). 4 of 10 had %Trades GME >1%. + +&#x200B; + +And last, but not least, that random volume spike during the week of 8/2 at least partially caused by De Minimis Firms, and not any of our beloved OTC participants. + +[Shares\/trade for GME during the week of 7\/26 was 20.49 - an All-time low](https://preview.redd.it/tgvz6s5irjj71.png?width=1433&format=png&auto=webp&s=bb5dccc2ad474e63b04c7dce767e318e99da8484) + +&#x200B; + +&#x200B; + +[Here's a diesel OTC summary table, updated to the best of my ability with the latest RH adjustments. I apeishly made a new measurement to detect extremes in volume \(shares\) or trades by just multiplying them together. Good for detecting crime. I used a GME float of 58.06 million so the shills can't shill.](https://preview.redd.it/xjbltt0xkkj71.png?width=1465&format=png&auto=webp&s=9762374e101f08f998469598af85a59673ce1bf5) + +&#x200B; + +And just so I'm not only picking on Robinhood, Drivewealth Institutional, who first entered the GME OTC frenzy in April, is owned by Point72 (15% ownership) and Steve Cohen. + +&#x200B; + +I could keep going, but I can imagine I lost a lot of you in the details and that seems like a good stopping point for now. + +Join me next time on, "Crooks Cookin' the Books", featuring Robinhood and their OTC clients, the manipulative MM giants. + +No cell, no sell. + +Buy, HODL, and Buckle Up! + +&#x200B; + +# TLDR + +* Robinhood continues to "adjust" their OTC data from January and February. +* [My last post showed a 32% increase in GME January OTC trades](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). +* This post shows that they continued to "update" their January data on the FINRA OTC website. +* Last week, they increased their February GME OTC trades by 70.49%. +* RH is responsible for up to **25% of the weekly OTC trades**, but **less than 1% of the weekly OTC shares.** +* Are they involved in high-frequency trading? Why do they only trade in 1.0000 shares/trade? +* Weeks the highest OTC trading (2/22, 3/8, 6/7) were weeks where we saw major dips (2/25, 3/10, 6/10). + +&#x200B; + +[Quite the increase in GME OTC trades over the past 11 months, wouldntcha say?](https://preview.redd.it/toduglchfkj71.png?width=807&format=png&auto=webp&s=ac7a59a31dde66ed36c8446f70a49ada7bebd013) + +&#x200B; + +Edit 1 - added a little more discussion to the data tables above + +Edit 2 - TLDR, Monthly table, Total OTC weekly table +&#x200B; + +https://i.redd.it/ehfxstjs46v61.gif + +&#x200B; + +Edit: + + +Thanks everyone for the feedback. I appreciate the different angles shared. I'm sharing the MT4 stats below just in case it can help clarify a few things. + +https://preview.redd.it/twbco9ry5dv61.png?width=848&format=png&auto=webp&s=77b986e7350f6429ef21f2b64ebb9064d5f9e45a + +Yes, this is a demo account. Some will say I won't be able to reproduce this in real life. Sure, it's possible, I'm not denying that. I know it first-hand having been in trading through the ups and downs these past several years. However, I've been able to put together a list of rules that I go by. I track every trade I take and I take the screenshots of the chart at the moment I trade it so I can refer to study it over the weekend. + +I risk between 2-3% of the starting capital per trade, and put a daily risk limit of 10% per day. I usually stay within 8% of the daily risk limit though. I still think that is pretty high, so I plan to cut all of it down by half (1-1.5% per trade, 5% max daily risk). Theoretically I just have to cut my lot size in half and I should be able to achieve this. + +I did however have one relatively big drawdown of 13-14%, although I attribute this one to a trade where my stop order was accidentally cancelled. Tried my best to hedge it but had to cut it at a loss before it became greater. + +Based on the comments I've gotten from everyone here, it looks like only time will really tell if I am on the right track or not. + +&#x200B; +Basically the title. What are, in your opinion, the best value add moves to make, and what is there value? + +Ie: are you looking for an opportunity to add a bathroom or shower? What is the value for that? Are you trimming costs? If so how, and where are the most cost efficient places to do so? +Without going into detail, it’s been a hard year. If I look at my finances, I could probably effectively go to working about 5 hours a week with $2.5m in NW. The plan was to shoot for $25m NW in 10 years. So, what is the difference for you? Why FatFIRE? What does $1m a year really buy you that $100k a year doesn’t? +As a proportion of the U.S.'s total tax revenue, what increase would come from say a 75% tax rate on those making $1,000,000 income annually. You hear 'tax the rich' thrown around but would it make much of a dent in the total pot? +# Things I hear all the time.. + +*"My strategy is collecting premium"* + +*"I prefer delta 35 Iron condors over Delta 40 Iron Condors"* + +*"My strategy is selling calls on my stocks for income"* + +The odds are you have heard statements similar to these across all platforms, forums, and places where traders congregate. It is not uncommon to hear statements like this from new traders and traders with more "experience". + +In this thread I will be discussing why this is the **wrong** way to think about trading strategy. I will be breaking down why it is *dangerous* and *limiting* to your performance in the markets to think this way. + +I invite criticism and differing opinions in the comments. + +# Part 1: What is a structure? (and common misconceptions about them) + +Iron condors, verticals, strangles, calendars, diagonals... calls... puts.... + +These are what we would call structures. As a new trader learns more about the option space, they grow in familiarity with certain structures, and what I have been seeing is that traders start to lean on one or two of them heavily. + +*"My trading strategy is selling ATM Straddles"*, etc. + +At first glance, this makes sense. But lets phrase the exact same thing differently: + +*"My trading strategy is selling delta neutral, short vega, short gamma, long theta".* + +All of a sudden, it sounds a lot less like a strategy, and starts to sound more like what it really is. A view on the market. + +You see, an iron condor is not better than a straddle. A straddle is not better than a call. Each of these structures gives you different exposure in the market. + +**Lets use an analogy to make this clear. Instead of traders, let's talk about home builders.** + +Does a home builder prefer a saw, or a hammer? + +The answer is: *If he is trying to cut a piece of wood, he prefers the saw. If he is trying to hit a nail, he prefers the hammer.* + +He is inherently indifferent to the tools. No attachment to either. The tool just allows him to complete a job. + +So the real question we should be asking as traders is: what job are we trying to get done? That should dictate the tool we use, not the other way around. + +# Part 2: What is Exposure? + +Now that we understand how one structure isn't inherently better than another, lets talk about why each of them matters. + +**Each structure provides you with different exposures in the market.** + +Imagine if you want to bet on a stock going up quickly, so you bought a put. You would be quite shocked if the stock went up but didn't get paid. You were right, but you still lost. How come? + +*It's because you didn't express yourself correctly in the market. You had the wrong exposures for "what you were trying to say would happen" in the market.* + +Now this was an obvious answer, but the same thing happens with call spreads, covered calls, short puts, the wheel, etc. + +Here's a clear example: did you know a covered call is the same as a short put at the same strike? + +It's literally the exact same exposure. + +Yet most traders would say they like the covered call over the short put because its "less risk". (*it's literally the same.*) + +Why does this happen? + +It's because we are looking at the story, not the exposure. + +*"You mean if the stock goes up, I make money, and if the stock goes down, I collect premium? Sounds great!"* + +a very different story from + +*"If you sell a put, you are taking on the risk of losing a lot of money if the stock plummets"* + +Even though a covered call is a synthetic short put. + +# So Why isn't a structure or Risk Exposure a strategy/edge? + +Because everyone has them. The market is a competitive place. It would be a mistake to think we have uncovered a "secret" by learning about the covered call, or an iron condor. + +A strategy is only worth doing if it generates alpha. How can a hammer generate alpha for a home builder if every other home builder has a hammer too? + +Now I understand that this might be frustrating. You might be wondering "If a covered call doesn't generate alpha, or my iron condor doesn't, etc... then what the heck do I do?" + +# To answer this, lets talk about our friend the Home Builder Again: + +If every home builder has the same tools, a similar education, a decent team to work with.. what makes one home builder more profitable than another? + +**It's their ability to find better jobs to do that defines their profitability.** + +Maybe they can find jobs working for richer people, who are more loose with their money, and therefore allow the builder to charge a higher price per square foot. + +Or maybe they move to a location where there are no builders, and can charge whatever they would like. + +What this means is that profitable builders have better strategies than unprofitable builders. They are able to charge a higher premium or find an inefficiency that others are not taking advantage of. + +# To bring it back to trading.. (Conclusion) + +Your strategy is what generates alpha. + +and depending on your strategy, you will need a different risk exposure to capitalize on it. And if you need a different risk exposure.. + +**You'll need a different tool.** + +So don't limit yourself. Don't get married to a hammer. Saws are just as good. We haven't even talked about wrenches yet. + +Start off with an idea. Something worth exploring. And if you uncover gold, ask yourself how to extract it. Then use the right tool for the job. + +This is the way of the winner. The trader who receives more output than the time/effort input. +https://www.cnbc.com/2020/02/01/apple-temporarily-shuts-all-stores-and-offices-in-mainland-china.html + +Looks like the analysts calling an even sharper dip as things worsened weren't kidding. +&#x200B; + +Everyone that questions why so many projects are exposed to many risks should analyze that question carefully. Some of the risks included in the binance smart chain market are related to **whales risk, rugpull risks, unfair launches risks, price risk, liquidity risks, hacking risks** and **impermanent loss risk**. The Fire Token was designed to mitigate some of these risks. For instance the token will have a fair launch with an **anti-snipper mechanism** meaning that bots had a low probability to buy before the launch. + +In addition, it will also have an **anti-whale mechanism** for 48 hours meaning that the dev team made the contract in a way that does not permit a holder to have a maximum trade of 5BNB or 0.5% of the circulating supply. For example, if a holder tries to buy more than the established amount, the transaction will get rejected. After renouncing the ownership of the contract, the **anti-whale mechanism** will be deactivated.  + +I believe that **Fire Token** is the first unrruggable token because they had a pre-launch audit performed by solidity.finance, which gives more comfortability to holders. Unlike other contracts, the Fire token contract does not have the functions that give power to the devs to exclude addresses from getting rewards and also to not pay fees. Moreover, it also blocks the dev from updating fees. Differently, from the other projects that can update the liquidity fees and force holders to pay it, Fire token does not include this function. Other projects can increase the liquidity pool fee to 100% and receive the minted liquidity pool tokens which allows them to rug pull at any time. In contrast, **Fire Token** does not have these functions. In fact, new minted liquidity pool tokens go directly to the burn address, making the Fire Token unrrugable. Furthermore, the the owners of the project will renounce their ownership after 48 hours after the launch. Moreover, the liquidity pool was already burned.  + +&#x200B; + +Other aspects to consider:  + +The reflection model is a clever mechanism that taxes sellers to reward holders. Fire token taxes sellers, also known as paper hands, by 6%: + +2% back to the holders (diamond hands) + +2% liquidity pool + +2% marketing fund + +&#x200B; + +Website: [http://firetoken.xyz/](http://firetoken.xyz/) + +EN telegram: [https://t.me/FireTokenyxz](https://t.me/FireTokenyxz) + +PT/BR telegram: [https://t.me/firetokenxyzptbr](https://t.me/firetokenxyzptbr) +You force sell every share, you delete every share, you run into "unforseen" system issues and all of a sudden your clients account holdings go to ZERO. Why do you do this? Because when the rocket ignites and shares are phone numbers, you would rather pay millions of dollars in fines for fucking over retail, than trillions of dollars to buy GME shares you never bought back off the market. + +Apes want to sue me?(Good luck dealing with years of legal bullshit) Sure, I'll settle for pennies on the dollar in the grand scheme of things. + +DRS your shares is the only way to ensure you get what is yours. We've already witnessed a masterclass of fuckery from brokerages, they don't play by the rulebook. + +This post scare you? It should. + +**PROTECT YOUR INVESTMENT, DRS YOUR SHARES** + +Edit: Couple love DM's from individuals really focused on the deleting of shares as the only takeaway from this post. Who knows what is possible, we're currently in a reactive vs proactive approach to most of what we understand. To say a broker won't sell your shares on your behalf is naive and maybe something you are comfortable gambling with, but I am not. Perhaps they can't delete shares, but when it's life or death for your company, there are no rules; ask Citadel. + + +Edit #2: We are in uncharted territory, no one knows what is going to happen. Prepare yourselves for the worst, DRS and HOLD until the system breaks, the crime lords are in jail and you have generational wealth waiting for you. + + +**Last Edit:** Summed up by another user here nicely @jebz: "Nobody can say with any degree of certainty that the shares at your broker won't be fucked with. + +You can however say with complete confidence that the shares in your name at Computershare will not be fucked with." +What are your thoughts about the markets future after this WSB gme event. I have a feeling this wont be the last time we see something like this. The people realize how much power they have and the hatred for the 1% grows stronger daily. Excited to see what happens! +I worked for a Blue Cross affiliate for nearly three decades and frequently see questions here about medical insurance. I wanted to share some helpful tips about some common roadblocks people run into. + +Firstly, medical insurance has many, many policies in place, but you have to ask for them. + +* You visit the ER and are seen by an out of network doctor. You are shocked when the statement comes in and you have to pay much more than you expect. Similarly, you have surgery with an in-network surgeon, but surprise surprise, the anesthesia doctor is out of network and the claim gets applied to your much larger, out of network deductible. This is known by many names - surprise billing, RAPs (Radiologist/Anesthesiologist/Pathologists). If this happens do you, don't panic. Call the number on your insurance card and explain to the rep that this particular scenario was out of your control and you are requesting that they process the claim under your in-network benefits. 99/100 times, they will agree and your share will hopefully be reduced significantly + +* An offshoot of the above - if you are treated by a "surprise" provider, and your insurance does process the claim under your in-network benefits, you may find that the doctor bills you more than expected. For example - radiologist bills Cigna $1000. They "approve" $500, pay 80% of that $500, and state that you share is 20% of that $500 ($100). But the bill comes and they are billing you your $100 share, plus the other $500 that the insurance "ignored'. This is called "balance bill". And again, if you call your insurance and explain that this was out of your control ,and the doctor is not kind enough to accept the reduced rate that insurance calculated, 99/100 times they will recalculate the claim to approve the full $1000, and then assign the 20% as your share (or whatever your benefits happen to be). + +* A big complaint around here is having some test, service or procedure that ends up not being covered by the plan. It could be because the plan simply does not cover it (cosmetic procedure), or perhaps they deem it experimental. So how are you supposed to know? Every single blood test, scan, surgery, poke, and prod is assigned a unique five digit code known as a CPT code. They bill that code, along with other codes that describe your medical state. Those are known as diagnosis codes. 99/100 times, a decide to either pay or deny a claim is based on a policy that involves looking at the combination of CPT and diagnosis code to determine if that is a covered service. That means that before you have anything done, you can ask the provider for those codes, then contact your insurance by email to get confirmation that those codes, when billed together, are covered. I say by email, so that you have it in writing if there is a problem down the road. There are *some* CPT codes that have very rare coverage, so even with a diagnosis code, they may not be able to definitively say yes or no. In those cases, the doctor can send them your full medical records and ask for a pre-determination. Basically saying, if we were to bill you a claim with these codes, and this medical history, would you pay or deny. They will send a response letter letting you know. + +* Pricing is all over the place. If you are lucky to have a plan that just charges copays for everything, this does not really apply to you. But if you are like most people and have a large deductible, the negotiated rate for a specific service can make a huge difference. If you need an MRI, there could be 5 in-network facilities in your area and the range of negotiated rates can run from $450 for a private, MRI facility, to $4500 for large university hospital. You can call your insurance with the CPT code for the test you are having and ask them to supply you with the negotiated rates for a few facilities in your area. Many insurers now offer this pricing tool when you log into your insurers website. + +* Many insurers are recognizing that keeping customers happy is good for business. They are starting to create programs to erase the old image that insurance companies just want to deny everything. For example, Aetna has a program that (**IF** you ask,) will reprocess a claim to an out of network provider, to your in-network benefits, once per year. See this link for a full description of the program: https://www.crnstone.com/news/service-without-borders/ + +* You have appeal rights. Depending on your plan, you can have 2-3 attempts to appeal, so even if you are not lucky the first time around, you can try again. After you have used up all attempts, many plans let you ask for an external review, where a 3rd party reviews everything and makes a non biased decision. By the way, since you have a fixed number of appeal rights, usually 1-3, make sure each one counts. Don't call up Cigna and say "I dont agree with this copay, i want to appeal". You just wasted an appeal because what exactly did you give them to review other than your dissatisfaction? + +I will try to answer any other questions that pop up regarding medical insurance so feel free to post here. + + +**Edit** - I am so glad this has gotten popular. I really hope this advice can help someone. A few more tips: + +* I cannot say enough good things about GoodRx. Run your prescriptions and compare prices. Firstly, you will see that there can be a huge range of prices between CVS, Walgreens, Walmart etc. Also, you may find a price that is even lower than your insurance company's negotiated rate. If the difference is large enough, it may make sense to just use the coupon, instead of your insurance. The only downside is that you won't get credit towards your deductible. But saving a large amount of money may be worth it. + +* Always, ALWAYS check with your insurance to make sure a particular doctor is in-network *at the particular location, with the particular Tax ID#*. I cannot count how many times someone got screwed over because a doctor was in-network but they saw him at a location that was not. And NEVER rely on the doctor's office to know the details about *your* plan. They manage 3,000 patients accross 25 different plans. And doctor's office are more than glad to tell you "we take your insurance*. What that can often mean is "Sure, we will physically **Take** your insurance card and bill them, but are we in-network? absolutely not!" +Are stocks like APPL, MSFT, NVDA “enough” or do you really mean we should focus on stocks that don’t pay a dividend at all? + +My portfolio right now is: APPL, PEP, MPW, O, MDT, JNJ, MSFT, NKE, NVDA + AMZN, GOOGL and TSLA + +From all of these, the stocks with a higher growth after my first year investing were the ones that do pay a dividend, and even if my dividend return is still very low (take into account that I’m a student and my choices don’t have the highest of yields) I love seeing it grow and reinvesting. These 3 additional dollars I can invest every month motivate me so much. + +I’m thinking of selling my “only” growth stocks and put that money in APPL, NVDA and MSFT. Will I be missing out on big gains in the near future if I do so? +1. Congratulations to everyone wo had bought the dip in the disccounts of today. +2. Sorry for my english