diff --git "a/reddit_finance_43_250k_101.txt" "b/reddit_finance_43_250k_101.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_101.txt" @@ -0,0 +1,10000 @@ +# 🔴 MISHANDLED + +* Belfius 🇧🇪 [\[1\]](https://imgur.com/a/0KgnntW) +* Charles Schwab [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wjghwa/schwab_straight_split/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wjebw3/schwab_did_not_process_the_dividend/) [\[3🟡\]](https://www.reddit.com/r/Superstonk/comments/wi8b3g/havent_seen_much_about_schwab_us_yet_i_left_a_few/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/wit7v1/schwab_live_chat_about_stock_dividend/) +* Chase YouInvest [\[1\]](https://www.reddit.com/r/Superstonk/comments/wje89u/jp_morgan_chase_confirmed_not_processed_as/) +* Comdirect 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wdhh8h/german_broker_comdirect_says_that_the_dtcc_told/) +* DeGiro [\[1\]](https://www.reddit.com/r/Superstonk/comments/wiqfn2/dutch_ape_could_use_some_help_so_degiro_also_did/) +* Etoro [\[1\]](https://www.reddit.com/r/Superstonk/comments/wejzwc/etoro_confirms_they_simply_split_existing_gme/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/whkpzl/etoro_blatantly_admitting_they_did_a_stock_split/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/w56rt6/for_etoro_and_other_brokers_it_is_not_a_split/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/w2g7kr/etoro_are_going_to_be_doing_a_stock_split_not_a/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/ttoruf/etoro_response_for_stock_dividend_after_a_stock/) +* Firstrade [\[1\]](https://www.reddit.com/r/Superstonk/comments/wglsim/confirmation_from_firstrade_they_do_stock_split/) +* Hang Seng 🇭🇰 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wfyj7y/this_is_worldwide_hang_seng_banks_one_of_hong/) +* HSBC 🇹🇼 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjbwt6/hsbc_is_fucked_just_got_confirmation_taiwan_didnt/) [\[2🔗\]](https://ibb.co/85ypyvk) +* IG 🇬🇧 [\[1\]](https://www.reddit.com/r/GME/comments/wisuww/proof_that_ig_uk_implemented_it_as_a_stock_split/) [\[2\]](https://i.imgur.com/e0Yb8Zd.jpg) +* ING 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wj484z/i_confronted_my_german_broker_with_the_gamestop/) +* iWeb 🇬🇧 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgz181/my_broker_pretty_much_just_told_me_to_go_eff/?utm_medium=android_app&utm_source=share) +* Interactive Broker [\[1\]](https://www.reddit.com/r/Superstonk/comments/wdv1m0/just_got_off_the_chat_with_a_rep_from_ib_split/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wehft4/ibkr_uk_may_have_done_a_normal_forward_split_not/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/wktpmc/so_ibkr_singapore_processed_splivy_as_stock_split/ijpgeyb/) +* Lloyd's Banking Group 🇬🇧 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgz181/my_broker_pretty_much_just_told_me_to_go_eff/) +* National Bank of Canada 🇨🇦 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgwk2r/canadian_brokerage_also_admitted_to_providing_a/) +* RobinHood [\[1\]](https://www.reddit.com/r/Superstonk/comments/wiqzxs/holy_shit_got_this_from_a_friend_of_mine_who/) +* Saxo SG [\[1\]](https://www.reddit.com/r/Superstonk/comments/wj2ojs/received_official_reply_from_saxo_sg_they_did_a/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wf86vy/answer_from_saxo_confirming_they_followed_the/) [\[3\]](https://reddit.com/r/Superstonk/comments/wdrl17/i_contacted_saxo_to_ask_how_they_handled_the/) [\[4🔗\]](https://www.help.saxo/hc/en-gb/articles/6190790003997-GME-Share-Split-FAQ) [\[5\]](https://www.reddit.com/r/Superstonk/comments/w5afg3/saxo_bank_sold_my_shares_and_purchased/) +* S Broker 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/we44m1/my_shares_are_back_but_as_a_split/) +* S.B.I. Securities **🇯🇵** [\[1\]](https://www.reddit.com/r/Superstonk/comments/wky3uu/sbi_securities_broker_splividend_mishandle_w/) +* SwissQuote / Post Finance [\[1\]](https://www.reddit.com/r/Superstonk/comments/wf2mef/swiss_apes_its_time_to_take_action_swissquote_and/) +* Trading 212 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wj3lty/so_t212_treated_the_splivy_like_a_normal_stock/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wg4ak1/t212_confirms_they_do_not_act_on_our_own_accord/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/wf6fhz/t212_confirming_i_received_additional_shares_and/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/wdvnit/trading_212_confirms_traditional_stock_split_for/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/wdon7r/trading_212_have_confirmed_they_executed_the/) [\[6🟡\]](https://www.reddit.com/r/Superstonk/comments/wedf6y/t212s_response_to_the_stock_split_matter/) [\[7🟡\]](https://www.reddit.com/r/Superstonk/comments/wjjvcn/chatted_to_trading_212_to_see_where_my_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [\[8\]](https://www.reddit.com/r/Superstonk/comments/wjzlz3/never_forget_t212_cant_even_get_the_stock/) [\[9\]](https://www.reddit.com/r/Superstonk/comments/wdpss1/its_not_just_germany_trading212_in_the_uk_also/) +* Vanguard [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjcli4/vanguard_coded_it_as_a_forward_split_and_theyre/) +* WealthSimple 🇨🇦 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wjhuh5/wealthsimple_update_they_received_shares_from_the/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wjarho/did_the_dtcc_deliver_our_4for1_shares_to_the_cds/) [\[3🟡\]](https://www.reddit.com/r/Superstonk/comments/wifelw/mapleape_here_sharing_my_convo_with_wealthsimple/) [\[4🔴\]](https://www.reddit.com/r/Superstonk/comments/whbex8/canada_apes_wealthsimple_just_confirmed_that_gme/) [\[5🔴\]](https://www.reddit.com/r/Superstonk/comments/wg8wuc/apes_this_is_huge_canadian_broker_actually/) [\[6🟡\]](https://www.reddit.com/r/Superstonk/comments/wjkfkk/discussion_with_wealth_simple/) + +# ⚫ Needs Sourcing + +* CGD 🇵🇹 +* DBS +* Deutsche Kreditbank 🇩🇪 +* Erste Bank 🇦🇹 +* Etrade +* Fidelity (A lot of responses saying they didn't handle correctly) +* FinecoBank 🇮🇹 +* Flatex 🇦🇹 +* Futu +* Hatch Invest 🇳🇿 +* MooMoo +* Nordea +* Northern Trust Company +* Renta 4 🇪🇸 +* QTrade +* Scocia iTrade +* Self Wealth 🇦🇺 +* Smart Broker +* Trade Republic (Rumors of Split ➡️ Splivy ➡️ Back to Split) +* Volksbank 🇩🇪 + +# ℹ️ General Information + +First off, THANK YOU EVERYONE for obliterating my inbox with sourcing and helping me make this list the best it can be! + +I wanted to provide some general knowledge about how this *should* be processed as it keeps coming up in comments / DMs. There are two basic types of stock splits. + +1. Forward Stock Split (You have 1 share that becomes 4) +2. Reverse Stock Split (You have 4 shares that become 1) + +Gamestop filed this corporate action as a stock split in the form of a stock dividend. The DTC should distribute the shares down to your broker and those shares should be deposited into your account. + +This is different than a "common" or "regular" stock split where your broker goes into your account and administrativly multiples your shares by 4 without receiving shares from the DTC. + +Both are technically a forward stock split. + +Each broker will have differences on how their system will show either one of the scenarios above. + +# ℹ️ Providing Sourcing + +Want to help out by providing sourcing for a broker? Here are the guidelines needed to provide clear sources to definitively filter where a broker should live in the list. + +The source should + +* Have original source material such as + * Emails + * Chats + * Documents +* Confirm how the splividend was processed (see General Information) +* Not contain any PII (Personally Identifiable Information) + * Please crop or black out your PII +* Have an accompanying English translation if in another language +* Be a publicly linkable source such as + * Another Superstonk post + * Not from another subreddit (Superstonk automod will delete) + * Imgur post or related service + +To be added as a source, please either comment on this post with the relevant information or DM me with it. If you have any questions on the conclusivity of your source, feel free to reach out and i'll help vet it. Appreciate all your collective efforts! + +&#x200B; + +EDITS: + +1. Added IG to Mishandled +2. Added Nation Bank of Canada to Mishandled +3. Supplement Sources +4. Added NordNet to Correctly Handled +5. Moved Questrade to Mixed for now as more sourcing shows it has been handled properly +6. Combined HL and Hargreaves Lansdown +7. Additional Sourcing (Fidelity / WealthSimple) +8. Added iWeb to Mishandled +9. Added Apex (webull / sofi) to Mixed; Additional Sourcing +10. Combined Revolut with Drivewealth and placed in Mixed. +11. Added Needs Sourcing section +12. Added CIBC to Handled Correctly with sourcing +13. 🟢TDDI; ⚫DBS; ⚫Etrade; ⚫Fidelity; ⚫Self Wealth 🇦🇺; ⚫Smart Broker; ⚫TD Canada 🇨🇦; Changed description to better describe purpose of post; Unabbreviated some names. +14. 🔴Chase YouInvest; 🟡CommSec international Australia (Inconclusive) +15. Reviewed Charles Schwab and marked a few sources as inconclusive, added a 4th showing that it was a forward stock split; ⚫CGD 🇵🇹 +16. Removed Fidelity Source #2 post as it was deleted; Revetted Fidelity sources and marked anything as inconclusive. Added more sources as I tried finding something that Fidelity processed as a forward split. +17. 🔴Den Norske Bank (Handling Splivy as Taxable) +18. ~~I'm tired boss, I need to rest for a few. Will read through notifications and continue updating when I return. :)~~ +19. 🟢Merrill Edge / Merrill Lynch; 🟢➡️🔴WealthSimple (Revetted sources / Added New - Processed as forward split); ⚫Northern Trust Company +20. Finally looked up at the shit ton of awards! Thank you all! +21. 🔴S Broker; ⚫Nordea; ⚫Erste Bank; 🟢Disnat +22. 🟢➡️🟡Royal Bank of Canada (Seems to be some debate, needs more evidence) +23. ⚫Deutsche Kreditbank 🇩🇪; ⚫Renta 4 🇪🇸; 🟢Bolero 🇧🇪; ⚫Hatch Invest 🇳🇿; Saxo SG \[🟡🔗\]\[🔴\]; ⚫Volksbank 🇩🇪; ⚫FinecoBank 🇮🇹; IG \[🔴\]; 🔴➡️🟡Den Norske Bank 🇳🇴 \[🟢\]; ⚫Flatex 🇦🇹 +24. HSBC 🇹🇼 \[🔴🔗\] +25. ⚫➡️🔴Belfius 🇧🇪 \[🔴\]; Trading 212 \[🔴\]; DriveWealth (Revolut) \[🟢\]; 🟢Scalable Capital 🇩🇪 \[🟢\] +26. Added General Information / Providing Sourcing sections +27. Interactive Broker \[🔴\]; S.B.I. Securities **🇯🇵** \[🔴\] +28. Moving to the [BROKER MASTER LIST \[2.0\]](https://www.reddit.com/r/Superstonk/comments/wlt06b/broker_master_list_20_for_splividends/) for all further updates +I've been an Ape for both sides. GME and Popcorn since January. I'm sure most of you know this because I've also been posting since the start. I made videos, posted DD's, and I've invested everything I have and more into both these stocks and I've never sold a thing. + +I also never planned to sell either until peak MOASS on the way down. Until now. + +I still believe they'll run together as they have but after today, I believe fully that GME is the one, the true, and only MOASS stock. And now my plan is to sell Popcorn as they start to rise. + +I'm going to sell that shit so fast it's going to look like ultra instinct in this bitch. And once I do I'm going to direct buy GME at whatever price it is, I don't care how high. + +I'm going 💯 into GME. + +And the reason is simple. Adam won't stop fucking selling. Popcorn apes seem to trust blindly. If Ryan did that shit GME apes would pick it apart and have an exact clear answer for why. + +I asked popcorn why everywhere. On YouTube, Twitter and Reddit. The answers I got where, "go fuck yourself, he's old and needs to plan retirement, shouldn't panic because he warned everyone, no answer for why JPMorgan Chase at all, oh and go fuck myself." + +So....on that note, I'm sorry to all the GME apes that went back and forth with me trying to show me the wae. I was blind but now I see. + +The options are simple. Hold GME or hodl GME. + +GME IS THE ONLY REAL SQUEEZE. + +(And I plan to make some serious edits to my DD on popcorn from months back. That's all. Sorry for the rant) +This seems like a new scam, no one at bank of America has heard of this scam or knows how to help me get my money back. + +Here is the summary: + +I have a BOA cash rewards credit card, which i pay off in full at end of every month. + +I paid my entire balance off Jan 2, 2021 for a total of $4500. all was well. + +I login to my online banking on Jan 24 and notice i have $5200 balance on my card. i think no way i spent this much, so i look at transactions, and indeed, new purchases are $1200 and one mysterious line item from Jan 21 that reads: "ACH PAYMENT REFUND" $4000. + +I call bank of America, to ask, what is this?? they say that is a partial refund of my original payment that i made on Jan 2, for the amount of $4500 and they refunded $4000 out of that payment. as some one called BOA saying they over paid on the credit card payment and wanted a partial refund. + +So i tell them, well, i did not request a partial payment refund. and where did this refund go, as i dont have it in any of my accounts.... + +They give me the last 4 digits of the account number it went to. its none of my accounts. + +So basically some one called BOA asking for a partial refund of an overpayment on a credit card payment, AND asked the refund to be sent to some unknown account number which I do not own. + +How can this even be possible to send a refund to a totally random account that a caller provides??? + +So far i spent 9 hours on the phone with BOA, they keep bouncing me between credit card fraud and billing agents. I already spoke to 9 different agents, they have no idea what to do, they all pass the ball to the next agent. + +Credit card fraud says since its not a fraud purchase but a payment refund its a billing issue, then billing says its a fraudulent billing issue so they transfer me to credit card fraud. rinse and repeat. + +I went to my local bank, sat with a banker lady for 3 hours while she was on the phone with what seems the same exact people/departments (fraud and billing), she too was getting bounced around between the same departments. + +at the end she said she will forward this higher up, and hopefully i will hear something in the next week or two from them. + +Have any one heard of such a fraud?? + +Im not sure what to do at this point, its been about 1 week since i was at the bank and heard nothing so far. +DRS is the way. The naysayers may say they don't see DRS working yet, that's because we have just started. It's a long process and it takes patience. The company can't promote DRS and we just like the stock. That alone makes locking the float nearly impossible. Institutions can work together, insiders can obviously work together, but we are only allowed to like the stock. With that said, let's go over a brief history of popular instances floats were nearly locked. + +&#x200B; + +Piggly Wiggly had nearly all its shares locked by the owner, Clarence Saunders, in the 1920s. Unfortunately, once he locked these shares and had the market cornered, trading Piggly Wiggly was suspended from the exchanges. The rules changed mid game and it gave time for the shorts to find and cover. This story is an example of why owners have to file with the SEC and can only own a certain % of their own stock. They cannot corner the market. This changed the way the market works, but was still easily controllable because they just had to screw over 1 person. + +Porsche, who owned 42.6% of Volkswagon ordinary shares, and was able to lock 31.5% more through cash settled options without being on the shorts radar. Once it was known that Porsche had managed to lock 74.1% of the float, shorts panicked and you can see the squeeze in the graph below. This is the graph we use today with arrows that point, "We are here - dip before the rip." This is also a very popular alleged meaning behind 741, for those that didn't know. Again, this situation was manageable because the company worked with shorts and allowed them to close their positions. + +&#x200B; + +>“At the end of last week Porsche SE held 42.6 percent of the Volkswagen ordinary shares and in addition 31.5 percent in so called cash settled options relating to Volkswagen ordinary shares to hedge against price risks, representing a total of 74.1 percent.” + +&#x200B; + +https://preview.redd.it/gb4zk5ts22i81.png?width=1196&format=png&auto=webp&s=7706f943acd5a2df28142e71c5881c6bdc3c6479 + +I keep seeing Dillards being thrown around as an example of how DRS doesn't work. Supposedly around 70% of Dillards has been direct registered through an employee program. But this isn't something I've seen, just heard through popular DD creators. Using this as an example of how DRS doesn't work is arguable because Dillards, compared to its competition, large indoor mall stores, Sears (bankrupt) JcPenneys (bankrupt), is doing great. + +https://preview.redd.it/y0fvsa2e72i81.jpg?width=632&format=pjpg&auto=webp&s=7f06228b5363708c50c6167ca8efb19015170f12 + +If the naysayers use Dillards as an example of how DRS doesn't work, does that chart look like it doesn't work? For the record, Dillards does not have the sentimental value of GameStop, the new group of execs behind it, nor is it even comparable to suggest employee DRS is the same as retail choosing to register their shares. Not close, not comparable, yet I'd still argue DRS has been effective (if true). Dillards is far from being bankrupt (see Sears & JC Penneys) + +&#x200B; + +What does any of this have to do with GME? Well, for the first time in history it isn't a single company or owner trying to lock the float, it's a large group of retail investors individually DRSing their shares to literally **buy** the company they like. This is how the market should have always been, retail buys and support the companies we like. But companies have good days and bad days. Unfortunately *the big money* couldn't make big money on the bad days...*until they could*. And then they decided to create their own bad days with false news and narratives. And then the bad days made more money than supporting any companies ever could. Because millions of retail investors could be liquidated by 4 or 5 whales creating bad days on whichever investment they decided. Enter the hedge funds. So let's take it back to the basics. Retail wants to own this fucking company and take away their power to make money on bad days. + +If the free float is locked through DRS, this will not be easily manageable because we aren't one owner buying the float, or 1 company buying the float. We are a million individual investors that just like this stock. They'll have to fuck over way more than 1 person this time. And what they'll have to do to stop retail will be much more damaging than just turning off the buy button. With that being said, it is my belief that institutions are lining up on the other side of the DRS movement and doing the same thing as retail! They are registering more shares! Institutional ownership has went from 39% of the float to 45% of the float. Why? Because these registered shares will be the only shares that matter once the float is locked by retail. They know that. So they are doing the same thing retail is doing, hoarding. I think they are realizing that the DRS movement isn't stopping. In fact, if the DRS numbers keep going up and others see the DRS count is making real progress, much more will join, **especially as the free float gets smaller.** Unfortunately DRS is still at the beginning and there will always be those on the sideline watching and waiting. + +It is my understanding that as institutions file and change their positions, registering more shares, now owning 45% of the float, rather than 39%, **it makes the free float smaller.** This means locking the free float through DRS is now going to be easier. + +The most interesting part about all this is the idea of a tug of war. Once the free float is locked, either retail DRS numbers will have to go down, or institutional shares will have to go down. If retail locks the free float and institutions are still lending out shares, more lendees will be unable to return shares, creating more FTDs (failure to deliver). But someone bought those shares the lendee shorted. That someone may not being able to register their shares because the free float is locked. CS may not allow it. That is going to cause major issues. Imagine the flood of people upset that they are buying shares they can't put in their own name. The tin foil conspiracy days would be over. It's real. This is clearly going to cause an implosion. The ability to lend so hedge funds can short will at this point be too risky. It's already too risky and we've probably only locked a third of the free float! Isn't utilization already at 100%? This is when institutions will have to start actually selling their stash rather than lending them out. But that isn't shorting the market, that's a different type of volume. It would take what, 30 days with a million volume a day to dry them out? This is why DRS matters. What I am confused about is will retail be able to DRS their shares once the float is locked? Will CS be able to continue to register during this tug of war? Also, what is going to happen with brokers who know that any share bought or sold on their platform will be unable to be registered. That's more than just a problem. I mean, once the float is locked, all brokers will clearly know, can we allow our clients to buy these shares when they can't register them? IS THAT LEGAL? What exactly are our clients holding now? When someone buys 100 shares, what the fuck are they buying? Will the institutional numbers be updated regularly so we can see their numbers dwindle away? Like I said, this is a total unknown, but with the institutions now having 45% of the float, this tug of war is getting closer. Much closer. Because the free float is getting smaller. This is going to be exciting and interesting to watch play out. I hope those on the sidelines have a plan or understand that as the free float gets locked, especially as it gets close, it's going to be a race to either sell (I only say sell because it seems risky to just hold them in a broker account when you clearly see the float locked) or try to register your shares. Do you believe the violent movements up will be as the float gets near locked up, or after? + +&#x200B; + +TL/DR + +Buy, Hold, DRS. +I know a few people on here have made some money either short or medium term with various algos/bots, but does anyone on here use income from trading bots as their primary source of funds for rent/food/booze? +So I'll try my best to keep this short and simple, but overall looking for advice if I'm able to interevene in this situation at all. + +My mom is 61 years old and hopefully close to retirement soon. She says she is not able to retire just yet. Her 401k is around $550k, her cash amount is around $270k (literally cash in a savings account due to an inheritance) and her house is worth around $500k with about $150k still left in her mortgage. + +Here is the big issue: My grandmother passed away about 4 years ago and when she died she left my mom and my uncle her house in San Jose, CA. This house is literally centered in the heart of Silicon Valley and is pretty big. I don't know the exact value of the house because it hasn't be appraised in who knows how long, but houses in the same neighborhood are easily going for 2.5mil+. The house probably needs some work but nothing major. + +My uncle currently lives in the house and has lived in the house all his life. He is a free loader, never moved out, didn't go to my grandmas funeral, and my mom pretty much has zero contact with him. + +I've told her numerous times if you guys sell and split this you can retire right now! My mom is very non confrontational and has not wanted to deal with this since my grandma died 4 years ago. + +I have told her many times to try to reach out and see if she can get ahold of him but she always says she will but won't. I've told her maybe get an attorney and see if they can help - still hasn't. + +What kind of help can I do in this situation? I'm assuming some might just say you can't. its her house and she can do with it want she wants and I respect that but my mom deserves to retire. She has worked hard her whole life - made some bad financial decisions but has put her self in a good spot now. + +Any help is appreciated, thank you! +A near-record number of tech stocks have plunged by some 50% in an echo of the dot-com crash. + +Roughly four in every 10 companies on the Nasdaq Composite Index have seen their market values cut in half from their 52-week highs, while the majority of gauge members are mired in bear markets, according to Jason Goepfert, chief research officer at Sundial Capital Research. + +“Whatever the fundamental and macro considerations, there is no doubt that investors have been selling first and trying to figure out the rest later,” Goepfert said in a note. + +Another way of thinking about the tech wreck: At no other point since the bursting of the dot-com bubble have so many companies fallen like this while the index itself was so close to a peak. + +“Valuations are at historical highs, companies are raising billions based on fairy dust, and the Fed is signaling a tightening cycle,” Goepfert said. “All of these are scaring investors that we’re on the cusp of a repeat of 1999-2000.” + +Tech stocks have been under pressure since the start of the year amid a bond-market selloff that’s driven yields on 10-year Treasuries to 1.72%. The carnage worsened after minutes of the Federal Reserve’s last policy meeting — released on Wednesday — pointed to earlier and faster rate hikes, suggesting to some that the central bank became more hawkish quicker than many had expected. Traders were quick to unload tech shares, whose high valuations become harder to justify in a rising-rate environment. + +All this could spell trouble for active managers with broad market exposures since so many stocks are off their recent highs. + +https://www.bloomberg.com/news/articles/2022-01-06/number-of-nasdaq-stocks-down-50-or-more-is-almost-at-a-record?utm_content=business&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social +Editing to put this up here: \*please\* PM for more specific information than is included in the post. With the nature of Reddit being a wonderful but weird place I'd prefer at the very least to have certain things kept off of a public post. Thanks for understanding :) + +\--------------------------- + +Hi everyone, I’m a relatively recent first time home buyer (November 2020) in the US who got bit by the real estate bug and just closed on a house in Italy (north of Torino) a little over a week ago. From what I’ve gathered there are plenty of people interested in doing this but not as many confirmed closings so hoping this will help some folks out there who are interested in taking the plunge. + +Numbers will be at the bottom of this post. + +Background: I’m single, not made of money but with a decent income, and I got an amazing deal on a condo in the bottom of the pandemic market. I’ve always wanted to have a first home and then one second home/investment property somewhere. Initially I was thinking in New Orleans because I have a lot of family there, but as we all know the market is crazy- and besides that it’s really not that easy to come up with the money for a second property. + +Simultaneous with this consideration, I had been hearing for the last couple of years about the €1 houses being sold in several towns in Italy (France and Spain too I think) with the obligation to fix it up in a set amount of time. I had decided to take out a HELOC to finish renovations on my place (I bought it well below what market value had been just before the pandemic and sales had gone way back up again, so I decided to tap into the equity) so I began to also consider renovating one of these properties. + +Now, the renovation on my place in the US started a year ago now, so I was also wary of trying to oversee a major rehabilitation across an ocean while I’d only be able to be there part time. So additionally I started to look at habitable fixer uppers that were a bit more expensive but didn’t need quite as drastic of a project (or have the time constraint to rehabilitate). After looking at listings in various places in the country, I realized that I could actually buy a place in good condition for less than €100k. So I narrowed down my search area and started looking in earnest. + +The purchase process: I decided first and foremost that I needed to have legal representation in Italy. I interviewed several firms who specialize in assisting foreign buyers with the process. They all offered comprehensive services but I ended up going with one specific to Italy that also has a US office (the others did several EU countries). I also did my research and reached out to confirmed clients to pick their brains about the services they received. It’s a leap of faith to pay someone you’ve only ever met on zoom a retainer, but I also found the attorneys’ legal registration in the Italian database, so everything seemed kosher (if it didn’t work out I’d be out the €2500 deposit). + +I had a legal assistant functioning as my case manager/buyer’s agent and we did the typical meet and greet/assess what my wish list was. Despite the internet saying that foreigners can get Italian mortgages, they advised me that in practice this is very difficult to do. So I set a hard upper price limit of €90k cash for everything related to the purchase (sale price, legal fees, closing costs including taxes, wire fees, etc etc etc). She had offered to search for properties for me and come up with a list (this is what they typically do) but I had already narrowed my list to three (really it was two that I was deciding between) properties. + +So we scheduled some virtual visits for these properties. For me it was between one house that had an amazing veranda/view and another house that didn't but was in my ideal location (just on the border of Piemonte/Valle d'Aosta). I had my realtor/good friend join me on these calls just for an extra set of eyes. Once we got halfway through the visit of the latter house I knew it was the one I wanted to buy (what can I say, when I make my mind up I make my mind up!). + +Side note on visits/general agency structure: in Italy, aside from with foreigners, it is not typical to have a buyer and seller agent, but to have one agent for the property. Both sides pay that agent their commission, and it is typically a fixed rate, not a percentage of purchase price. There is also VAT on just about everything (including the commission). In my case though, the law firm acts as a buyer's agent in every way that we in the US/Canada would consider them. + +So once we got off that call (I stayed cool while the listing agent was on so I didn't show all of my cards) I told my law firm person that I knew that this was the house I wanted- as long as I could visit it and it passed inspection. Another note: the real estate market in Italy, especially outside of major cities, is not at all like it is in the US. It is entirely normal for a property to be sitting on the market for months or even years, especially in covid times, and it is generally expected that the list price will be negotiated down. + +So I had a flight scheduled to Italy for about ten days later, and in the meantime had my law firm draft a formal offer and set up a surveyor visit (this is essentially like an inspector- though not as comprehensive. they are licensed by the locality and are focused on the habitability and structure of the property). I knew this would essentially be an "as is" purchase, as most are in Italy. While drafting the formal offer she also had a conversation with the listing agent to feel them out. Right off the bat he agreed to reduce his commission from 4k to 3k, and indicated that the price was negotiable. + +So I advised them to draft an offer contingent on a successful surveyor's visit that I would attend (so I could see the property/town). In the drafting process they also conducted an attorney review period/research on the property, which included pulling municipal documents/certifications on the property, They found that it did not have a certificate of habitability at all. This was because the property was originally a ruin (built in the late 1700s) and gut rehabbed by the seller (who inherited the property) but there were a couple of things they never finished. So everything was permitted but the final certification had not been carried out. + +Luckily as soon as they were alerted to this (even before receiving my offer) the seller agreed to resolve all discrepancies at their expense. They knew I was a serious buyer because I offered a deposit about 5x the normal amount, and as the house had been listed for a while (I found a google earth snap from 2017 with the for sale sign up!) they wanted to move on it. So they even paid for the surveyor's visit. + +So fast forward a couple of weeks later, I attended the surveyor's visit and everything checked out (and I still ADORED the house/location/everything). We had not formally submitted the offer yet as they were still doing research, but it was formally completed and translated by my lawyer within two days. The listing agent (who I had met and told him what I would accept as a final price) met with the sellers and we agreed upon a price. So we were under contract! Woohoo! + +Ok, next. I transferred my deposit to the seller's bank account and we finalized the purchase agreement. It had extensive contingencies that I would be allowed out of the contract if anything involving the certification/legality of the property were to not pass. This was around February 10th, and the surveyor indicated that he thought we could get all the paperwork done by the end of the month. Unfortunately (not surprising) it wasn't until mid march that that was completed, so we scheduled the closing for April 8th. + +I had already signed over power of attorney (which involved notarizing the document in the US and getting it apostille'd) so that the law firm could close on my behalf, but as luck would have it I had a gap of a few weeks in April without much going on so I planned a trip here just before closing so I could attend. + +Once we got all of the certification documents back I was given all of my final numbers and sent a butt load of cash to various accounts in Italy :) note: Wise (formerly TransferWise) is THE best and cheapest way to do international transfers. I also began researching homeowners insurance (which apparently is not common in Italy, but I'm too risk averse not to carry it) and got in touch with an English speaking broker. I got a policy with Generali (one of the biggest insurers in Italy) which covered all of the usual things for €330/year. I also, in the meantime, got my internet account opened and the listing agent assisted me extensively with getting everything set up. + +I flew over and arrived in the region the day before closing, and the listing agent had gotten the sellers to agree to me taking the keys that day. So bonus, I slept in the house that night. + +Closing: closing is conducted by a notary in Italy, who is similar to a lawyer and certifies the legal complaince of the contracts/deed transfers/etc. This is different from the American concept of a notary. This functioned similarly to a title agency, in which I sent the bulk of the purchase price to the Notary's account for security in case something went wrong with the closing. Then basically we (myself and the law firm assistant/my power of attorney) went to the notary's office along with the sellers and the listing agent. The notary read out the contract (similar to the reading of a will), asked if we had any objections, and then went out of the room to sign off on things and produce my certification of deed transfer (I will get the actual deed itself in a few weeks). And then- boom- I'm an Italian homeowner! + +The sellers were absolutely lovely and have been immensely helpful in making sure everything is ok with the house- for example, the hot water wasn't working when I first got here so they came over the following morning and got it to work. We will be transferring the water/electric bills this coming week. + +Note to everyone: Google translate is an absolute godsend. + +Some stats: + +The house: listed for €75k, purchase price was €65k. house is 160msquared, 3bed/2bath. The entire inside of the house is new, along with the roof/foundation/systems/etc. If you picture a tiny little alpine village with cobblestone streets, that's what my town is like. The house still needs some finishing touches, including a kitchen faucet, bathroom sinks, interior doors, and a stair railing. I'm meeting with a contractor this week to get all of this done. + +Listing agent commission: €3k plus VAT (20% I think) + +Law firm fees: €5500 plus €450 for the representative to travel to the closing. This was worth. every. penny. And included everything pre purchase that you can think of. They also offer post closing services for things like utilities, taxes, setting up internet, etc, but I've managed to figure out most of that on my own and with the assistance of the listing agent. I will eventually be getting a property manager (will figure that out at a later date) to oversee the property when I'm not here. My plan is to spend half fish time here and rent it out very occasionally during the other months. + +Notary's fees: included payment to the actual notary (plus VAT) as well as transfer taxes: €4900 + +I'm sure there are helpful things I'm forgetting, so please feel free to ask away! Please PM me if you'd like contact info for the people I worked with. + +Hopefully this very long post has been informative! Have a great week, y'all. +Hello All, + +Just created this throwaway account for obvious reasons. + +A little backstory - FatFIRED in 2017, 38 male, not married, no kids, \~ $6.5m NW. + +NW is: + +* $3.2m liquid in brokerage +* $3.3m equity real estate (rental properties) - have \~ $3m in debt across several properties - the $3.3m accounts for that +* $600k equity in personal home - $500k in mortgage debt left on the note +* $800k misc. assets (mostly illiquid) + +Here's the problem. I bought most of my rental properties using a pledged asset line (similar to margin but much lower rates) at my brokerage for the down payments and it has worked well so far. Have \~ $1.4m outstanding on the line. + +Liquid investments in brokerage touched $4m in Dec. 2021. Dipped to $3.2 in mid-Feb. 2022. Pledged account value is only $2.1m (rest is spread across other accounts). Was $2.6m in Dec. 2021. So ratio of debt to value is \~ 67% ! + +Sudden drop of 20% in the portfolio made me have to transfer some funds into the pledged account to avoid selling. Market is dropping every day (the past week alone has been > -$250k in value). + +Can't afford to keep transferring funds into the pledged account to ward off demand/margin-call. + +What do you guys suggest? + +Things were going swimmingly until Dec. 2021. I can't believe the value has dropped > $800k in \~ 50 days! + +I couldn't sleep last night. I have a severe stomach ache today. What is the best/safest strategy out of this mess? I built up my NW diligently only to see myself at the precipice now. + +I welcome constructive criticism and helpful suggestions. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I've had the same Landlord for about 3 years now. He's always been very good to me, and once I got married he has been nothing but helpful to myself and my wife. We moved from one of his rentals to another one a couple of years ago. The house we moved into was nowhere near ready, but we helped out by installing new floors, finishing the bathroom, painting, and many other things to help keep improve the house while we've been living here. He has become very fond of us. + +Sadly, he has begun the process of a divorce. He's emotionally in a very bad place, and he apparently just tried to have a talk with one of his son's and it didn't go well. So, this morning he came by and had a proposition for us. + +He is reworking his will, and he wants to put us into the paperwork. He has two sons, and one will get his house up the road. He's had a falling out with the other one, who doesn't want anything from him. He would like to leave the property that we're currently living in to us. "I like you two, and anything I can do to give you two a boon feels right to me," he said. + +This has a fair amount of land, a double wide with a small room addition (where we are,) and a large two story garage, which is a commercial space where he runs a mechanics business, as well as a car lot. He's very respectable and fixes up cars, and sells them for a very honest price. He doesn't take financing, and cars are all under $5k, in good condition. The "used car dealer sleezeball" image doesn't apply to him. + +Anyway, upon his death we would get the buildings and land, apparently worth about $300k, and all of the tools and equipment in the garage (which he says is worth about $100k) as long as we pay in $10k per year for 10 years. + +He also takes care of an elderly woman across the street who lives in another one of his properties. So, if she decides that upon his death she still wants to live there, she has the choice of either buying the property and taking care of it all herself, or paying us $450 per month to take care of her bills and to shovel her snow and lawn and other repairs. + +I have the following list of questions, but I want to make sure I've not overlooked anything. + +1. How much land is on the property? +1. What are the zoning lines/laws for the area? +1. What are the property taxes? +1. What happens if we have to sell before the neighbor dies/moves? +1. Any other bill information for state/city/municipal? +1. Estate fees paid to the bank/state/family? Interest payments? +1. Rental information: What if we wanted to rent out the car garage to someone else? + +1. Would we also be getting the land that the elderly woman lives on? If not who owns that if she doesn't decide to buy it? + +There must be many questions that I haven't thought of, but I hadn't even considered any of this until this morning when he stopped by. + +The hardest part is that he wants to be able to have this decision made by Tuesday. Monday is a holiday in the USA, so there's not any time to check into this by asking around anywhere in the mean time. + +Help me out Reddit. My wife and I are kind of dumbfounded by all this. + +Edit: New information. My wife tells me I wrote it down wrong. It seems that the 10k per year would be to his granddaughter in the event that he dies. So we're not paying in until he actually does die. + +Edit 2: You are all giving amazing advice. The suicide angle was the absolute first thing that came to mind, however if that's the case then our decision of yes or no probably won't factor into what he decides to do with his life. That's a separate type of thing. + +**Edit 3: Result:** After a lot of thinking, and taking into consideration all that has been said here, as well as talking with some family members, we decided to agree to let him put us in his will. + +Now, he's a smart man, and has a good lawyer. Our landlord has set up a Living Trust in order to make sure that we get the property, and his family and wife can have absolutely nothing to do with it. He also said that of the $100k, half of that is debt, and the other half will go to his grand daughter. So, as long as he's alive he'll be paying down 50 grand. So that's cool. + +As far as the neighbor, there's an escape clause set in the trust that says that if there is absolutely any dispute, we win, and she'll have to move, because that's just how life is. + +So all in all I think this was a good decision. My wife and I have no immediate plans to move, and we really do like our Landlord, and will certainly take care of his property well in the future. + +He's also said that he knew that he was having a hard time, and has sought help, so I'm not so worried about him as I was before. + +Thank you all for the helpful advice. I'm glad that this sub exists, and that there are so many thoughtful, and intelligent people who were willing to put their thoughts into the mix. It was a very overwhelming decision for me. Reading all of the perspectives here certainly helped to keep me grounded, and calm. + + +>The United States engaged in roughly $608 billion worth of research and development in 2018. That figure includes R&D by all entities in the US, from universities to private and public corporations. During the same year, corporations in the S&P 500 spent $806 billion buying back their own stock. In other words, the 500 largest companies in the US are now spending 33% more on their stock buyback programs than the entire country is investing in R&D. Cumulatively, buybacks have now outpaced R&D investment for the last five years. From 2014 through 2018, total R&D investment in the US was roughly $2.736 trillion whereas S&P 500 buybacks totaled $2.978 trillion. + +**https://thesoundingline.com/sp-500-buybacks-now-outpace-all-rd-spending-in-the-us/** +Please correct me if I'm wrong. The way I understand the moratorium as announced and clarified by RBI: + +* Interest will continue to accrue on deferred payments. So it does postpone the burden but it also *increases* it. + +* It is left to the lending institutions' discretion how and whether to implement. Not mandatory. + +* Prevents your loan account from becoming NPA. Does this help optics for the lenders? Maybe collections departments won't harrass borrowers? + +* Deferred payments won't affect credit ratings. I feel many will slip through the cracks, but I guess it is a small plus. + +How is this supposed to provide any real respite or help the economy? What am I missing? +I am no longer sure FatFire is a worthy goal for us and wonder how to get my partner aligned or find my motivation. + +Age - Early 40s +Net Worth - 6M excluding primary home ( 1.8 mortgage on a 2.5M value) +Annual Income - 225k ( me) plus 2-2.5 M(spouse), both tech. +Annual Expenses - 300k ( VHCOL. mortgage plus private schools being the big ticket items) +Fire goal - 300k annually (private schools will be replaced by long term care for parents at some point) + +Spouse and I had a salary differential of 2-3x until recently. We were chugging along happily towards our Fire goals with a CoastFire lifestyle. We have young kids and had equitable household responsibilities. +Spouse got an awesome work opportunity, majorly increasing his income. It came with a cost I did not anticipate. Work pressure is heavy (14 hrs work days). Covid happened, we decided to prioritize his work over mine if required but I continued working full time . With health risks, we are avoiding getting help. I am burnt out as the primary caretaker plus home manager plus work. Spouse thinks the easy answer is my quitting, but the last few months have taught me I need to think of something other than diaper changes and cooking. +Spouse and I have not had much time with each other over the last year, our marriage is hurtling towards troubled zones. While I do not worry about separation ( cultural reasons) , I do feel the love we had is lost. Spouse thinks this is a temporary state. But even pre COVID , we hardly had any time with 2 careers. +I have started believing that pulling back from the ‘Fat’ part of our goals and having spouse back on a CoastFire lifestyle will be better. +Looking for external perspective, Thank you! + +EDIT: Thank you very much for all the insight. Specially appreciate the personal experiences shared. +I am calmer - taking a break from work, working on finding help and a counselor for myself and trying to carve out time with the husband. + +Relationship issues aside, couple of FIRE related milestones in this whole situation : +1) First time discussing ‘Do we have enough’ +2) Talking about how we visualize ‘RE’ to be + +Anyways, thank you again for taking the time to share your wisdom with me! +I know this might seem like a dumb question but can anyone help explain how futures trading work? Like, how much money should I have to start trading or what should I keep in mind before I start? I want to start to trade on the futures market but with a smaller amount of money but I’m finding it difficult to look for resources to learn everything about it in-depth. +I think that Robinhood has a big problem on their hands (no surprises there). Maybe I never understood PFOF until now, but here is a breakdown of how they were **stealing my money and fudging the receipts** when I bought **fractional shares** with them. I would highly recommend that anyone else who bought fractional shares of GME from Robinhood, and then transferred to another broker, check the reported costs. + +# On Jan 27, 2021 I opened a Robinhood account and spent $300 on fractional shares of GME right at market close and into after market hours. I never had an account before this date. + +&#x200B; + +[1st purchase of 0.273305 shares for $100 at 4:07PM EST on Jan 27th, 2021](https://preview.redd.it/1j850zhbaa071.png?width=1210&format=png&auto=webp&s=62a987af1fde4763f27d5a8dcc85037048f35714) + +[2nd purchase of 0.309138 shares for $100 at 4:18PM EST on Jan 27, 2021](https://preview.redd.it/os31baxdaa071.png?width=1240&format=png&auto=webp&s=a6ab3f50e671001ea6ffd39eb95bb30981cad989) + +[3rd purchase of 0.296296 shares for $100 at 4:47PM EST on Jan 27, 2021](https://preview.redd.it/allbxhdfaa071.png?width=1116&format=png&auto=webp&s=28be426a740058742353c1bd35e08649b4fe418d) + +Like many others, after discovering how bad of a brokerage that Robinhood was, I decided to switch. I transferred all of my securities over to JP Morgan's YouInvest (one of the few brokerages that did not limit buying or selling of GME in January) in March. It has taken until recently for the cost basis information to show up in my new account. I've seen recently that people were posting some discrepancies in the way their shares were transferred over-- particularly the cost basis. So I decided to check mine. + +&#x200B; + +[The information transferred to my YouInvest account from Robinhood shows only one purchase of GME on 1\/27\/21 and SIX purchases of GME on 1\/13\/21...](https://preview.redd.it/hveupx3jaa071.png?width=1442&format=png&auto=webp&s=ea8dd3e7945b6c52ca25e632d70396c1ecdca9df) + +# To reiterate, I made my RH account on 1/27/21. There is no way that I could have purchased GME with them on 1/13/21. But wait, there's more... + +*Just look at those* ***unit costs***. That was the cost of a full share that RH is saying that they purchased a fraction of on my behalf. But on Jan 13, 2021 the price of GME was **nowhere near** that. + +&#x200B; + +[The highest cost for 1 share of GME on Jan 13, 2021 was $38.65 according to Yahoo. So these unit costs reported by RH are fake and made up to make the numbers make sense.](https://preview.redd.it/4rx2c8ykaa071.png?width=1684&format=png&auto=webp&s=1f3e73a2d880a46da64ae9806e19c3ff44dc008a) + +# The full breakdown looks like this: + +&#x200B; + +[I gave $300 to Robinhood and they spent only $252.02 to give me 0.8787 shares of GME](https://preview.redd.it/m1lqng2naa071.png?width=1456&format=png&auto=webp&s=fce487bde11ad100b72ad514adf469ee653fe707) + +# TL;DR Robinhood stole $50 from me and then fudged the dates and unit costs for my fractional shares in order for the numbers to make any sense. The way the purchases were recorded on my RH account documents and the way that they were reported to JP Morgan Chase are different. I never even had a Robinhood account on January 13th, 2021. If RH would have spent my $300 on 1/13/21 like these documents say, at the highest GME price, I would have owned 7.76 shares. Based on the reports that THEY sent to my new broker and the closing price of GME today, they owe me $1,360. + +**P.S. The true cost of trading <1 share of GME with Robinhood in January was $50. Not free at all.** +I purchased my house in December of 2020. I had to purchase it in cash because it was a quick sale before the house went on the market. I am now considering going to get a mortgage on the house and investing the money in the stock market. Is it a good idea to do that or should I just keep the house paid off? I do have a savings of over 50k. I am 27 years old. Any help would be really appreciated. Thank you. +I see a lot of people who recommend paper trading, but i really think its worthless. You cant compare real money trades with paper trades, because you dont have the same emotions and would never trade the same way. + +Its ok for the first one or two weeks to learn the basics but i would switch to real money as soon as possible. +See the edits at the end if you want to follow a trail of DDs that leads us here. + +This is just a theory. But we know that Citadel has been hiding FTDs in some kind of married put shenanigans, so maybe they have a way to use these shell companies to hide an even greater short position than we can even tell from their activity alone. + +Look how Melvin hid their positions for two months by asking for a secret filing even when they knew they wouldn't get one. It's just a way to delay reporting for two months. + +Well, if reporting happens every three months but can be delayed up to two more months, then you can hide new short positions for almost half a year by opening these married puts right after reporting dates. Maybe you can hide them even longer or more deeply by using foreign registered companies, but I don't know the reporting laws and such. I just know that lawyers can keep things in limbo for a long time, especially when dealing internationally. + +I don't have all the options data, but maybe someone like u/eastrod or u/dejf2 that's worked with it can put some dates together. If we look at those weird put buys as coming from shell companies rather than one of the known ones, where do they line up against regulatory filing dates? + +This combined with the recent discovery that short interest is unlimited in the U.K. (Luxembourg too?) makes me think this is how Citadel has been avoiding margin call all this time. They don't technically own the puts and naked shorts that have been pouring in since March, even though they almost certainly do once the pieces are put together. + +If this is the play, then Citadel will try to avoid its own heat death by toppling all of these "new" funds first to shake paperhands. Even better, Citadel won't even be on the hook if we DO paperhand...they'll just liquidate the shell companies and Citadel will survive. + +**Oh, and remember last week when all that "we won't sell until HFs are liquidated!" FUD came about?** These are the HFs they want you to see. + +FUCK THAT. WE AREN'T SELLING. + +This is the play. They tried to condition us to sell once "hedge funds" start falling, but we won't sell until a certain hedge fund is liquidated. + +We got you Kenny. + +P.S. They probably think they are clever calling their shell company Glacier, you know, "the tip of the iceberg" lol + +**EDIT 1:** u/JJ_Shosky and u/ThePwnter added this article from Reuters about how Lux is a criminal haven for global markets (my words not Reuters): [https://www.reuters.com/article/us-luxembourg-report-idUSKBN2A81NP](https://www.reuters.com/article/us-luxembourg-report-idUSKBN2A81NP) + +\-- + +**EDIT 2:** from u/eastrod + +[https://www.reddit.com/r/DDintoGME/comments/n1p0j1/reported\_short\_interest\_is\_still\_being/](https://www.reddit.com/r/DDintoGME/comments/n1p0j1/reported_short_interest_is_still_being/) + +"The method for creating phantom (naked) shares goes as follows: + +* Hedge fund (Melvin) buys a put (or 1.09 million puts) +* Market Maker (Shitadel) sells that put and is legally entitled to create and sell 100 phantom shares (or 109 million phantom shares) to hedge the put(s) they just wrote to remain neutral on the trade +* Hedge fund then sells that put back to the Market Maker except the Market Maker doesn’t buy back the phantom shares leaving them net short on the stock and having pocketed the cash for the phantom shares that they did not need a borrow for + +Now this is where I snorted a couple of the fat crayons and had a brand new wrinkle form inside my otherwise smooth brain: + +**The market maker could be using the method above (selling puts and then buying them back for the same price) as an excuse to create new phantom shares and then selling them to the short hedge funds - the ones trying to hide fuck tons of FTD’s. This makes the short hedge funds look like they bought shares to clear their FTD’s and then the hedge funds sell the share right back to the MM for the same price to create a neutral (net $0) trade while resetting the FTD countdown, essentially kicking the can down the road a little further and hiding 109 million shares of their short position from being reported as FTD’s."** + +Now replace Melvin with "Glacier" and other shell companies. We always wondered who was buying these puts and why, now we know! + +\-- + +**EDIT 3:** u/dejf2 [https://www.reddit.com/r/Superstonk/comments/mz7c7h/put\_anomalies\_pt1\_were\_127\_million\_synthetic/](https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/) + +Tons of data to sift through here, but I am smoothbrain. One thing I did notice, though, is that every time there's a runup it passes through 167-ish before being driven back down. Glacier reported taking out their position at around that number, and that's almost exactly the peak price on 25 Feb. + +**EDIT 5:** from u/JaeDeeEm \- "I assume we have a whole lot of small-time shells that fall below the 13F filing requirement of "discretion over $100 million or more". + +Seems a handy way to hide things you don't want to report on." + +**EDIT 6:** u/db2 and u/Flokki_the_Monk contribute to a greater understanding of what's going on. Citadel is building a firewall of shell funds that they can burn slowly to control the pace of the squeeze hoping to shake paperhands or cause so much damage to insurance and agencies that they remain untouched in the end. Kenny is literally willing to fuck everything and everyone until he is the last fund on earth. + +u/Flokki_the_Monk + +"Kind of sounds like Citadel, and any of the other SHF in trouble, could just use these shell companies to attack the price through puts. Then the new shorts are on these books, rather than further endangering their own. When the shell companies sell those new phantom shares, I'd guess they do so on the dark pools to ensure those large blocks end up in the hands of their true owners. Then the SHF can either pass them around in price attacks, or reset FTD, or even ease some of the positions off their books. They're not escaping it, to be clear, just delaying and obstructing the situation. Sounds like coordinated market manipulation." + +u/db2 + +"Step 1: Dump a bunch of debt in a shell company nobody actually works in + +Step 2: Activate the company and make terrible market bets with it to basically intentionally kill it + +Step 3: Watch as the company implodes and insurance kicks in to zero out that debt without touching you + +These people are really sick fucks." + +\-- + +**EDIT 8:** u/NotLikeGoldDragons points out: "It's not really "hiding the FTD's per se". Different way of looking at it is that they really are covering the short, but in a way that just keeps making their short position bigger. From u/Criand + +[https://www.reddit.com/r/Superstonk/comments/nc1lny/ive\_estimated\_the\_current\_si\_based\_on\_the\_si/](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) + +\-- + +**EDIT 7:** Apparently I've gotten to the level where the conspiracy theorists think I'm interested. Let me assure them that I am not interested in rabbit holes. I am interested in taking all of the monies. Shills, you can still come at me because I find it hilarious when you give me intel on you. + +**EDIT 4:** ~~Looks like Glacier is owned by Susquehanna according to Griffin Research (thanks~~ u/TheRailGunner\~\~)\~\~ [~~https://www.griffinfingroup.com/griffin-advises-glacier-capital-holdings-llc-acquisition-capitol-insurance/~~](https://www.griffinfingroup.com/griffin-advises-glacier-capital-holdings-llc-acquisition-capitol-insurance/) + +Different Glacier, but I wouldn't discount a connection anyway...who wants to research? Thanks to u/0xB00TC0DE for pointing this out. + +&#x200B; +https://www.cnbc.com/2019/12/17/alan-greenspan-says-inflation-is-inevitably-going-to-rise-as-deficit-balloons-over-1-trillion.html + +Why does he say this now when we've pumped 4Trillion and no inflation has occurred ? +In 2008, we know the market crashed because people were given mortgages they couldn't afford. Those mortgages were made into mortgage backed securities, which became worthless and toxic because they were mixed with good securities. A lot of corruption took place. + +In 2021, due to interest rates at near zero levels... And due to CoVid relief liquidity for banks... Banks over loaned money to hedge funds, which used their over loaned money to invest in a quick buck scheme. They tried killing AMC and Gamestop to cash out from the bankruptcy jackpot. "Who'd miss GameStop and AMC?" they thought. + +They went at it hard. They shorted these stocks into oblivion. Legally, then illegally, and created as many shares as they could to guarantee a massive pay out... + +Before the apes came, this was a calculated killing spree. A hit on GameStop guaranteed to win. The banks took that over loaned amount and turned it into securities. Sliced it up and packaged it up in tranches. It was a wall street win-win. + +Banks would sell securities and make money selling these products containing debt from hedges. Hedges would make money shorting stocks and pay back debt to banks. + +Then the apes came. + +Hedges are now faced with infinite losses. Banks are now faced with a lot of defunct unpaid loans. A lot of investment products are worthless like the mortgage backed securities of 2008. The toxic assets are probably everywhere in the financial world. + +Bank of America, JP Morgan and another bank (Goldman I think) one recently offered bonds that when combined, totalled over $34b. They're selling bonds which are debts for their own business. Their business is about to become worthless. Just like in the movie margin call, they need to make as much money as they can before the truth gets out. + +It's about to. + +Shit is about to hit the fan. + +...not a financial advisor, just my opinion +Since I discovered a $12 monthly charge a while back when my account was automatically switched from a student account after I graduated and moved, I've been passing the warning along to those who might be unaware every year around graduation. Also a $5 maintenance fee on savings accounts. + +If you are job hunting and don't have much money or have dipped into your emergency funds you certainly are [getting charged](https://m.huffpost.com/us/entry/us_5a68a762e4b0dc592a0e91d6) without realizing it, or will be soon. This was in the ~~fine~~ print when you signed up for your free account, but most people don't tend to remember things that they agreed to as teens when going through crucial life changes like graduation or loss of a job. So I hope posting this again helps people like it did last time. + +A customer representative said there's nothing that can be done, so I recommend changing banks perhaps to a credit union if this may be a problem for you. + +Edit: TD Bank also does this as per another user. + +Edit 2: People are really salty that I've shared this information. If you are not job hunting, in really good financial shape, and already knew this then great, but this post isn't targeted at you. And yes, there *are* banks and credit unions that don't require this kind of fee to provide service. If you personally feel BoA is the best for your particular financial situation, that's totally okay too. + +Edit 3: Guys chill, I signed up for the account when I was 16. Yes yes, it's my mistake for not remembering. The point of this post is to help people avoid this mistake and to be aware that there are banks that don't do this. Last year I helped remind some people, and this year I hope to help some more people too. :) + +Edit 4: online banking and credit unions have been recommended (which I personally use), and if you absolutely need brick and mortar large chains for some reason USAA and +Capital One Bank have free accounts. + +Edit 5: If you go to close your BoA account, be sure to withdraw or transfer all your money *before* you tell them you want to close your account. They often will try to charge you $10 for the cashier's check to get your money back when you close your account. If you are overseas you're out of luck, there is virtually no way to close your account from overseas and you'll continue to be charged, so remember this before moving abroad or moving back to a country with no BoA. +I purchased a rental duplex in 2018 for $270,000. The initial loan was a conventional 30 year fixed for $200,000 at 5.875% APR. According to the Zestimate, the house is now worth $380,800. Even if the house was worth less, I'd think it would be worth refinancing to get a lower interest rate. + +I called several of the big mortgage refinance companies and was told they are not refinancing rental duplexes due to them being more risky and new Fannie Mae guidelines. When I looked on Bankrate and spoke with local banks/credit unions, some refused to even consider a refinance on a rental duplex and others said closing costs would be 15k-50k rolled into the loan. + +Its not an option for me to owner occupy. Has anyone had success recently refinancing a residential investment property at a reasonable rate and with reasonable closing costs? +Do they keep much in cash? In the UK, the insured limit is £85,000, surely it's too risky to keep more than this limit in a bank, even if it is private and 'super safe'? I know Warren Buffet is said to hold a significant amount of cash but surely this isn't sitting in a savings account, no matter how high interest! + +When they put everything on their charge/credit cards, where do they take from to pay these off every month? Do they simply cash in liquid assets like bonds that are being held for this purpose? Surely selling stock, bonds or funds for a car purchase, for example, is risky as the market might be down? + +What kind of rough percentage is held in liquid assets? Bonds, savings accounts etc + +Do they use the same stockbrokers as us? + +Do they allow a financial planner to move their money around for them, leaving them to just worry about the spending? + +If anyone has any insight in to this sort of thing, I'd appreciate being enlightened! Thanks +Aka the "half-ass" or "work hard enough to not get fired" approach. I busted my ass at my first job out of college and while it got me raises and promotions, I look back and it wasn't worth the sacrifices I made. Now at my new job, I'm doing the bare minimum and still get recognition but my life is way less stressful. Who else just coasts through their job while collecting paychecks along the way? +https://www.cnbc.com/2019/03/19/netflix-ceo-breaks-with-big-tech-saying-its-actually-a-media-company.html + +Netflix CEO Reed Hastings argued that his company is more of a media company than a tech company because it spends most of its money on content, Recode reported. + +Many of the other big tech firms have resisted labeling themselves as media companies and instead opted for the label of “platform.” + +Hasting’s response came after Recode asked about the role U.S. lawmakers should play in regulating tech companies. +https://www.cnbc.com/2019/03/19/netflix-ceo-breaks-with-big-tech-saying-its-actually-a-media-company.html + +Netflix CEO Reed Hastings argued that his company is more of a media company than a tech company because it spends most of its money on content, Recode reported. + +Many of the other big tech firms have resisted labeling themselves as media companies and instead opted for the label of “platform.” + +Hasting’s response came after Recode asked about the role U.S. lawmakers should play in regulating tech companies. +Obviously, if we see anything like the crash from earlier this year, most of them will be a bargain. But what specific stocks would you buy? + +I’m inclined to steer clear of travel stocks and financials. Delinquency a problem for the latter. Already pilled into travel and we may see some sort of change in attitudes to travelling. + +I’m probably going to jump in on consumer staples. Interested to hear what you’re all thinking if it does happen. +It is especially helpful for free-spenders in the family to conceive a cause-and-effect relationship between work and money management. + + + +**EDIT:** Thanks to everyone for the kind comments. I'm hoping to reply to comments as quickly as I can. I'm happy to have helped some with my post. + +**I wanted to add a suggestion for those who get paid on salary/commission/irregular income:** + +Use your total take home pay for the previous month (or the average take home pay from the previous quarter), and use this in your calculation as your take home pay. + +Create a column to calculate the percentage of your take home pay that that budget category/expense represents. It makes each category a piece of a pie that is your take home pay. + +Use this information to help decide if that piece is too big. If you see your fast food/clothing/car payment is too high of an overall percentage, you can make adjustments in your spending habits to better utilize your income (and avoid upward spending trends in certain areas of your life). +As we approach the 1 year anniversary, we felt like giving back a little bit. We decided, you've already given all your money to Mr and Mrs Market, why not give some to people who actually may need it. + +As an effect, we're announcing the Charity flair a-thon. For one week only. Give a donation to Charity to receive a flair. Now, the rules are fairly simple, but we're stating them right now to make sure people know ahead of time. + + + +First note: This is not the only way to get flair. We will still be freely giving out flair during the week and in future. But while normally, we only give flair when the inspiration grabs us, or a mod shares a particularly embarrassing post and requests that the most comedic/evil mod to “Flair em”, we’ll try to get yours done. + +Rules: + +&#x200B; + +1. You don't get any input (I mean any) into the flair. +2. You can't complain about the flair being excessively mean or misconstruing you. Made a comment once about loving your dog? [There is a risk your love could be interpreted many ways.](https://www.reddit.com/r/ASX_Bets/comments/kobkeb/if_lrs_hits_20_cents_in_2021_im_going_to_support/) +3. If you are a lurker and post fuck all other than a single suspicious ticker and rocket Emojis, we will assume you have something to hide. Prepare for wild accusations. It's like a Tinder profile, with nothing there, the odds of getting fucked are changed. +4. Has to be registered charity. That means this is also tax deductible. Think of it as sticking it to the man. +5. No donations to Political Parties, Political groups who's primary action is bribing parties and/or religious organizations (it gets a little complex, look at whether their main focus is helping people or spreading their thing). [Speaking of, have you called your rep and senators yet? Remember, while they’re talking to you, those staffers aren't in private meetings with the MPs.](https://www.reddit.com/r/ASX_Bets/comments/lp8czt/the_director_crims_paradise_laws_and_the_unholy/) +6. We don’t have any requirements on who to give to, but the following guidance is suggested: + +&#x200B; + +1. Autism treatment, prevention and support- To help out your fellow members. +2. Koala or General Animal/wildlife protection- To ensure our mascot has plenty of mates in future. +3. General Poverty prevention or assistance- To help out your fellow members kids. + + + +The minimum rate is something that’s hard to work out. We don’t want the sub flooded with flairs, they are meant to be special in some way, this is an exception. Enough of you are poor thanks to the sub. So the poll below will give this benevolent dictatorship the appearance of democracy, we can also chose to ignore it. Click what you think it fair and starting tomorrow, we will use that value. If the "Fuck no" votes exceed all the other votes total, shits cancelled. If a clear winner is visible, we may say go early. + + If you already have a flair and are fine with keeping it, just say when you post. Also, if you already have a flair, the mods reserve the right to keep it, or even make it worse. + + + +Remember, this isn’t supposed to be everyone. A lot of you did a lot (or ate strange or salty things) for your flair, so if you want the club closed to the dumb but rich Autists, feel free to click the no button to this event. Even if people say “Nah mate, fuck off.” to this, donations are still a good idea. It’s good for the soul, or whatever Disney movie you self-identify as. + +[View Poll](https://www.reddit.com/poll/m00rpl) +Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively. + +The bank aims to begin offering investments in the emerging asset class in the second quarter, according to Mary Rich, who was recently named global head of digital assets for Goldman’s private wealth management division. + +″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term,” Rich said in an interview this week. + +Goldman is looking at ultimately offering a “full spectrum” of investments in bitcoin and digital assets, “whether that’s through the **physical bitcoin, derivatives or traditional investment vehicles**,” she said. + +The move means that soon, clients of two of the world’s preeminent investment banks – Goldman and Morgan Stanley – will have access to a nascent asset class that has intrigued billionaires and digital currency believers alike. Earlier this month, Morgan Stanley told its financial advisors that **they could place clients into bitcoin funds starting in April**, CNBC was first to report. + +It is the latest sign of the staying power of blockchain-related assets including bitcoin, a new kind of money that emerged out of the wreckage of the 2008 financial crisis and whose exact origins are still unknown. Until now, big U.S. banks have mostly shunned bitcoin, deeming it too speculative and volatile for clients. + +But the industry capitulated after the latest boom in bitcoin’s price. The surge has drawn in institutional investors, corporations and fintech players, and the infrastructure to hold digital assets is continuing to mature. In the end, it was client demand that won out, according to Rich. + +“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that,” Rich said. “There are also a large contingent of clients who feel like we’re sitting at the dawn of a new Internet in some ways and are looking for ways to participate in this space.” + +Goldman’s private wealth management business mostly targets individuals, families and endowments **with at least $25 million to invest**. + +The bank may offer bitcoin investment funds, similar to those that Morgan Stanley will have, as well as other ways to invest that are “more akin to the underlying asset class which trades 24-7 globally,” Rich said. Some cryptofunds, such as the Galaxy Bitcoin Fund, can only be sold or bought once per quarter, she said. + +“We’re still in the very nascent stages of this ecosystem; no one knows exactly how it will evolve or what shape it will be,” Rich said. “But I think it’s fairly safe to expect it will be part of our future.” + + +https://www.cnbc.com/2021/03/31/bitcoin-goldman-is-close-to-offering-bitcoin-to-its-richest-clients.html +Apes sending letters. +Emailing concerns. +Doing polls and surveys. +Urging shills to whistle blow. +Incredibly hard to read documentation. +Gg fuckshow report. +Rule changes. +P0rnhub. +And so much more. + +It’s all pointless. It’s theatrics. It’s smoke and mirrors. The SEC is literally there to fool us into thinking they’re there for us. I know there’s been dd done on this topic but it still seems that apes have hope in the SEC. + +Your letter gets thrown in the trash. +Your emails get deleted. +Your polls and surveys are used to get a pulse on us. +Shills won’t whistleblow because they don’t fucking know why they’re doing it and who the 3rd/4th funding party really is. +Whistleblower “awards” are a complete crock of shit. Never even existed. There to fool us into thinking they’re doing something. Fuck off. +All fillings look like gibberish unless you’ve been to law school to confuse the common folk. +Don’t get me started on that stupid fuckin report. +All the rule changes and additions did fuckshit. +And whatever the pornhub shit was, like why? + +I cant even say go fucking do something because I know you’ll never. No wonder why el0n says the sec is pieces of trash. Fuck you Gary you snail looking fuck. +For most of my childhood I lived in an inner city neighborhood that probably had more drug dealers per capita than just about anywhere else in the state, if we're going to be pleasantly vague about how crappy it was. + +Needless to say, it gave me a very strong drive to never live like that, and to give my own kids a much better life. + +Now that my own kids have a much better life, they take it completely for granted because they've never known anything else. They just assume there's going to be someone doing the cleaning or if they want something, money isn't an object. They're far more trusting of other human beings and have never seen anything bad in their lives that would make them think otherwise. + +Personally, I'd rather them not have to witness a drive by shooting or someone getting beaten up by a gang, nor do I want to be a miser where their material needs are concerned. + +But I'm not sure how much drive they'll have to improve their own circumstances by the time they're out of the house in another decade or so, and it does worry me a bit. Some of the families I live around now have been essentially coasting on an upper middle / upper class existence for at least several generations and that bothers me for some reason. + +For those of you with kids that have grown up and are out of the house, what do you wish you would have done earlier if you'd had the chance? +No, this is not another *"guys I'm sure we're in a bear market this time"* post. It's just that most of the threads catastrophising about a bear market don't really elaborate on what people should be doing. + +I'm new and since my experience investing is mostly in this absurd bull run betting on growth tech stocks with infinite P/E, I'd like to learn what to do in a bear market so that I have some prep when it happens. +I’m 23 years old, have a stable income, and have $30K in student loan debt at 4.5% interest. Interest is on hold until November 2021 and by that time I will have enough cash on hand to pay it all off. I’m currently renting and this would push off the possibility of me buying an apartment for a couple years as I would lose down payment money, though I’m not in any real rush to buy. Alternatively I could throw this cash into the market. What would you do in my shoes? Happy to provide more context if wanted. +As I have to write some empirical research soon, I got introduced to our uni’s subscription to Wharton Research Database. Assuming a lot of people here are students themselves, they probably unknowingly have acces to these resources as well. + +So find out if your uni has any connections to any reputable data vendors. This shouldn’t be too hard to figure out as most reputable uni’s have this information about subscriptions stored somewhere. + +Thought I’d share as I did not know before and reckon a lot of other students forget about this too. Instead of trying to scrape prices online using some bound-to-break Python script you can better direct your resources to backtest any strategies you might have directly on reputable data. Good luck. + +Edit: Also wanted to say, that if you are able to get this data as a student; invest some time in a proper database structure. Install PostgreSQL, get the extension timescaledb on it and play around with your data. It will cost some time to set up, but will save you countless of hours of time in the end. I have PostgreSQL DB running on old Linux laptop and can connect to it with any PC within the network. Python and R are also able to process these requests to DB and it will make your life so much easier . +(https://www.youtube.com/watch?v=HMEUFcDF-fg) Link that is referenced below - in alignment with sub rules. + + +Hey guys long time user of this sub and gained a lot of value from it. I wanted to create this open question to get peoples thoughts on what I see as scary investing advice been personified as the normal - with a strange confirmation bias (especially in US/ Crypto atm) taking place. And no I'm not talking about your snake oil salesmen or 'gurus' that (at least to me) you can see a mile off, it's people who genuinely have large followings online that talk openly of crypto 'going to the moon' and generally personifying that investing is easy money. An example of this is KSI talking on a podcast recently; (see link above) + + +With investing becoming more accessible and the strong influence of social media on impressionable/ young people, I ask, should we be worried that people could get severely burned in the mid/long term here? What can be done (with the penetration of online media continually increasing) to stop this problem getting worse? Do these people need to be burned before they spend the time to learn more about investing? And any other comments people have on this topic. + + +(I must state I have nothing wrong with crypto or US tech stocks or whatever people think is the next easy money - its more the lacking of foundational investing principles/ diversification/ fundamentals/ portfolio strategy etc that this sub clearly supports) + +EDIT; yes yes, "being" not "been" - I wrote this at 6am, give this a pass please. Luckily I choose investing rather than writing books to grow my money... +Want something simple. I like decent growth with good dividend income and feel SCHD provides all of that. + +But is it still a bad idea to go all in? I always hear, “never put all your eggs in one basket” but SCHD has around 104 holdings. + +“Maybe” a worry is if Charles Schwab goes bankrupt or something- with the ETF going down under. +When talking about investing long term, most people rush to recommend people put most of their eggs in the XEQT basket, some mention VFV as well but less often. +Just curious what would make XEQT more attractive than VFV. I bought both but I tend to prefer VFV and XUU based on the wealthsimple info. If I'm wrong can you please enlighten me? +Activision is currently around $75 a share with an accepted buyout from Microsoft at $95 a share. That’s a potential 26% arbitrage gain in a currently bear market. I guess the major risk involved with this is antitrust getting involved. + +Anyone in this play or have any other reason to avoid it? +I am going to be honest right away and tell u that retail companys arent my type of investment and that i dont like the industry as a whole. + +on the other hand footlocker offers us an amazing deal almost to good to be true. it looks like the company is left for death but this is a core value investment. + +footlocker is listed with an 3x pe ratio 5-6% in dividend and 40% share buy back at this price with net cash of15-20% of the market cap. + +the over reaction makes this company a text book value play. + +**The business** + +foot locker is a shoe store active in the eu and amerika. footlocker is a majority of their company but they have some other retail names aswell as their own shoe brand. footlocker has special partner ships with nike and other retailers to bring out special shoes for their costumers only. + +the reason for the decline is that nike doesnt want that partner ship anymore and focus on their own customers. other brands want to make partnership deals with footlocker but no one as big as nike. + +the focus for footlocker now is to get their own brand succecful. this will give them a better supplychain and more security aswell as higher margins. + +online retailing seems to have takenoff but to be honest i never shop via footlocker if i want to get nikes i always got to nike website so the e commerce is going to be a harder part for them but getting a succesful brand would fix this aswell. + +&#x200B; + +**Issues footlocker has to deal with** + +\-*nike leaves*. nike is their main brand that they sell a huge issue because they arent looking as favourble to their cooperation anymore. they have some new partner ships and are becoming a more independent company insted of nikes retailer. other retailers happly want to be in a partnership with footlocker and i see an oppertunity here getting new desingers new brands and making some brands of their own will tranform footlocker in a way better business. + +\-*store closures* footlocker has a big network without but a lot of stores are getting closed low margin stores first but they bought some other brands and they can remodel these stores and the store decline is slowed down and might reverse if they keep aquiring new businesses which they want to do. + +\-*brand underpreformens* a low of big companys can use their brand to make a shoe succesful on day 1 think about nike addidas when they work with u its a huge deal. foot locker has a lot of potential unused here and should make their own brands to be less dependent they have a huge network which goes unused. + +&#x200B; + +**the value** + +this is of course the best part. footlocker is extreemly undervalued + +the pe ratio is about 3\~ and a net cash of 400 mil on 2,7 billion market cap. + +their capex is about 275 million with about 420-460 million in adjusted earnings and 200-300 deprication. gives them at least 345 million in FCF. on the downside. pricing in low deprications and a decline in profit of 10%. on the higher side there can 485 million. this includes a 6% downside in profit. + +this is a low expectation. + +345-485 million in fcf for a company without any net debt gives them a the option to pay this out to investors. which they want to do with a 1,2 billion share buyback and 33% dividend growth. + +the share price moved a lot yesterday but 40% of shares can be taken of the market which translates to 71% return included with dividends if the market cap will remain at sub 3 billion levels. + +at 71% return this year in the low end u will beat most money managers with less risk. + +but what is foot looker worth. + +intrinsic value is 32$ per share but there are long term leases on their balance sheet and goodwill and those dont realy matter. + +the value of inventory, property, net cash, minority investments and equiment get u at 44$ per share. + +Inlude the 66% of the share buyback at 3 billion value and we get 53$ and 73$. their is some cash to be excluded for this but the company also makes returns over this period but it would lower fair values about 14$ + +39$ and 59$ in balance sheet value. which is a 33%-100% return in 1 year on the low end if they get to book value of assets they use. + +these are bear valuations and compaired to every other company. if this is just a one time set back and footlocker can grow 2-3% about inflation numbers it doesnt make sence for them to be at a lower pe then 10x. which is without the sharebuyback a return of 50% with the sharebuyback we are talking about 100%+ returns. + +compaired with the other retailers lows, home depot footlockers share price should be trading about 90 bucks with this guidence on the low end. + +if they pay out 100% of FCF after the share buyback u get a 71% return+ 11%- 16% a year on the low end + +if u compaire them to lowe's home depot or any other retailer u get no sub 100 dollar value at their most recent guidence. + +&#x200B; + +**Why is this the one of the best value plays in the market** + +to answer this question the best way. u have to ask what is value investing. answer to buy a company for less then its accuatly worth and getting returns for the least amouth of risk. + +\-net cash + +\-profits + +\-low pe + +\-share price below bookvalue + +over the past years foot locker was able to grow with 3-6% per year. their buying spree and digitalisation are drivers of growth. this seems like 1 bad year if management is taking action. + +this is a textbook value stock buying back shares under bookvalue while being profitble and having a net cash postition that can get them a very long way. + +it preforms, digitalise and innovates above the pace of the market it is one of the better retailers. + +i think that in a market overvalued market footlocker gives me a good deal and great entry point + +i opened a postion at the higher end of 26 dollar and it accounts for 8% of my total portfolio. + +&#x200B; + +**Future** + +i think footlocker has a decent outlook in the long term. + +management has a long term view and is building up the company to be less dependent on nike. i cannot deny that his is a painful periode for footlocker and strong management is required. + +some female brands have launched and new partnership deals aswell but nike defintely is going to sting. on the other side it will be a more independent company and make more sence as an investment compaired to a nike dependent company. + +was this the right move for nike? i think that taking out your dominant postion in retail isnt a great strategy but building a relationship with custumers is. nike is going on a different track then i am used to of branding companies. coca cola would do anything to get their drinks on every spot to keep their name as the best cola. i think clohting brands are diffrent and that digitalistion is important but the move seems too fast and their losing some store shelf space. nike is fully going for e commerce and it might just pay off realy well with better margings and a very dominate place in e commerce or they are going to lose some market share. + +nike had retail companys that had 80% of their sales to be nike brands + +**Management** + +management seems to make the right decisions and they have good looks to the future. most of them are footlocker veterans with long historys there. only issue seems to be that some more experience in ecommerce and degins would be grewat + +chief operating officer seems to be the man for the job with the right degrees and past experience to turn this company around. worked at coca cola as branding and marketing officer. + +i would like to see someone extra from a big retailer that has worked on digitalising in his company to get on the board. + +&#x200B; + +**Conclusion** + +Footlocker seem to be significantly undervalued and buys up a big part of the business to change this. their management seem to be in the right place to steer this company through hard times aswell as build up in the future. the net cash and profitible part of this company put it at a low risk high return play + +&#x200B; + +**DD** + +\-i do hold a stake in footlocker since yesterday at 26,86 + +\-I do not reccomend a buy this is just free research to make u come in contact with the company always DYOR. + +\-i do have dyslexia and english is my second language if u see spelling errors u can inform me i will correct them asap. i am trying to improve +youtube video at [https://www.youtube.com/watch?v=wWbg3ex678c](https://www.youtube.com/watch?v=wWbg3ex678c) + +Analyst expectations are 12% to 15% revenue growth + +Good Luck to all folks vested in BABA + +cheers + +Master Leong + +&#x200B; +Ok we seriously need a place where we can all learn where to go and how to keep our wealth till we can get our minds straighten and our emotions under control post MOASS, i keep book marking all the post i come across that are educational in this matter but the flair is to wide and most of them repeat themselves since there isnt a base where to build this subject, I'm a engineer by trade not and accounts, banker or anyone who works with money and I'm sure a bunch of us are in the same situation, the last thing we want is vultures taking away our precious tendies and seeing apes loose it all for lack of KNOWLEDGE. + +Eddit:Wow the engagement is serious on this subject i knew i wasn't the only one scratching it's head on this matter. +For the record I'm not asking for fanancial advise but rather awareness as to where to start searching and asking the right questions, just as many great wrinkle brained apes thought us how to do our DD and where to look for info so i hope this gets the same. + +Edit: thanks for the awards, i just hope we can get something that can benefit us all post this one event in history. + +Edit: for those apes who don't like to see post like this i can understand where they come from but right now we have time to educate ourselves infact we should be doing the +" BUY HOLD VOTE and LEARN" +Because I personally feel when this things burst i won't be able to learn for a few weeks or maybe months and I'll feel drown and overwhelmed with what to do. + +Edit: mod contacted. +Background: My health insurance's vision plan sets a flat amount ($450 in my case) that can be used on all vision related expenses (Dr. visits, contacts/lenses, frames) for a plan year. Because of this, I was calling around to ask the rates of a regular eye exam to maximize the amount of money remaining for new contacts. One place I called said they charge more for patients with insurance. I've heard of negotiated rates that insurance companies make with Doctors, but this is almost like the opposite! Instead of a reduced price, the price doubles! Why would the insurance company allow themselves to be billed almost twice the normal cost? + +For reference, I called some other Eye Doctors and their rates were around $230, so $350 is definitely on the high end. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +For all you apes out there who are being fed bullsh\*\* from MSM, do not forget what happened on March 10. There is absolutely no doubt that this day was a day of crime. See for yourself: + +&#x200B; + +[Drop of 40&#37; in 25 min](https://preview.redd.it/wfv2443dplu71.png?width=839&format=png&auto=webp&s=ed3e46b303a965c2b2f4d29ce2cab72b22789468) + +Here's the article talking about it: + +[https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html) + +**DO NOT FORGET** AND BUY INTO THEIR CRAP. + +Hold, DRS and buy more if you like the stock (this is not financial advice). +Per Howard Marks of OakTree, it would be the equivalent of negative growth in the US. Other than compared to expectations and history, it’s still ‘good’ or at least not disastrous, yes? +Is there a concern of "overdoing it" on that account (i.e. having a balance higher than anticipated future medical expenses)? If so, what's the remedy -- is it simply a taxable withdraw if you no longer have medical expenses to offset it? + +I realize the "not enough medical expenses" scenario is unlikely, but am still wondering how it plays out. +I was going to flair this as speculation/opinion, but it's such a "hunch" based on my own confirmation bias and desperate need to no longer be poor, that I decided to flair it as a shitpost instead. TA;CR at the bottom. + +This is just a narrative I have in my head to make sense of everything we've seen the past few weeks, and I hope it's helpful, and that apes can provide meaningful contributions in the comments to more fully flesh out or correct/adjust this narrative. It's a bit of hype mixed with a dose of cope and hopium, my favorite crayon porridge. Nom nom nom. Enjoy. + +# The Implications of Desperate Shorting ($250 to $130) + +The hedgies' latest spree of desperate shorting of the stock from $250 a few weeks ago to as low as $130 last week was simply to reduce their gamma exposure to options expiring on Friday, including ETF LEAPS (options on ETFs that have been available to buy for over a year). + +They did this so they would have less to cover -- less shares to deliver -- this week from options expiring ITM (in the money). For those that aren't aware, each GME option exercised = 100 shares delivered to the person who exercised it. For every time a market maker writes a naked call, they're opening themselves up to the exposure of delivering 100 shares if it gets exercised, whether they are synthetic or "real" shares (we know synthetic). As for ETF options, I'm too smooth-brained to figure out how many GME shares an ITM option works out to. + +Anyway, the point is that this shorting from $250 to $130 helped them live "one more day", as Kenny said in that now infamous clip of him talking about Citadel maneuvering through the 2008 global financial crisis. These past few weeks, they forced millions of shares' worth of options OTM (out of the money) so they could no longer be profitably exercised. Instead, people either A) bailed out by selling their options at a loss, or B) let them expire worthless. Either way, no covering required. + +In fact, if the hedgies had been delta hedging at all (buying shares to cover the risk associated with the chance of the option being exercised), then they actually got to sell those shares as options fell further and further out of the money. That said, there is an argument to be made that they're not delta hedging at all or perhaps just not to the extent they should be accordingly. This could explain why they were so desperate to force the price down, because they weren't hedging at all, therefore had zero shares to cover their risk, and thus every ITM option represented a full 100 shares to be delivered within T+2 (ie. today's pre-market). Too explosive to risk, so they atom bombed the price into the low $100s again for the first time in months. + +However, the thing is, in shorting the stock that much, the hedgies dug themselves such a deep hole with puts, synthetic shorting, and FTDs, that I don't think they can now ever climb out without a massive share-buying frenzy that would send the stock to $300 and beyond, back to all-time high (ATH) territory, followed by smaller hedgies getting margin called, forced liquidations, more share-buying, higher price movement, leading to the dominoes of larger hedgies getting margin called and force liquidated, more share-buying and so on to MOASS. + +I think every report they release from here on out, especially Citadel, showing what positions they hold, is now going to be Grade-A 100% BULLSHIT. They're going to simply report that they're continuing to responsibly delta hedge, deliver shares, not creating synthetics, not piling up FTDs, etc, etc, etc until the shit hits the fan because there's no other way around it for them without setting off MOASS. + +It's all going to happen sooner or later, but according to the dictum of "one more day", of course they'll choose later, and to them, who gives a fuck if that increases the collateral damage on the global economy. Perhaps this will give Kenny and Citadel's execs enough time to jump ship and bail with a few billion tendies before the house of cards collapses in on them. + +Regardless of what's happening on the inside of these short hedgies and market makers, and in the boardrooms of the major banks that are backing their margin, something big is coming soon to attempt to scare us all off (and fail again, of course). + +# The Incoming MOAFUD -- Mother Of All Fear Uncertainty and Doubt + +I don't know what shape or form it's going to take, but I believe there is going to be a major move to interfere with MOASS like they did in January with turning off the buy button on multiple brokerages. The Mother Of All FUD, if you will. + +Maybe the theories of them turning off the buy button again, while they cover and MOASS takes off, are right. I hope that's all they do. Just block new entrants from FOMOing in and making the situation worse for themselves and the global economy while we all get our tendies. All us apes who have been holding for months (or even the lucky ones who just got in weeks beforehand) will get paid with intergenerational wealth, while the world watches it happen without being able to take part (don't feel too bad -- everyone has had 12 months to pay attention, read the DD and buy in). + +Whatever shape or form this MOAFUD takes, we just have to ignore it by staying zen and holding the stock we like. My tinfoil-hat-wearing self thinks it might get super serious such as a deep fake of RC getting assassinated playing on repeat on MSM in an attempt to get people to panic sell. Maybe this new global [Log4j cyberattack vulnerability](https://www.wsj.com/articles/what-is-the-log4j-vulnerability-11639446180) will be used as an excuse to shut down all of our brokerage apps for a couple of days and the hedgies will say they covered somehow in the interim (of course they won't have). + +Whatever happens, just stick to the general wisdom and wait 24 hours for the sub to clear the fog of FUD before making any rash decisions. 99/100 times every piece of big bad news meant to scare us ended up turning out false. The only time they actually "worked" at preventing MOASS was turning off the buy button in January, making MOASS 100x bigger because we then had time to understand the enormity of what they were trying to cover up. + +They failed in January because we have unprecedented diamond hands due to our ability to share information and keep each other hyped and jacked to the tits each week. They figured shorting from $483 to $40 would shake off any sane people. Only thing is, they didn't realize how truly insane we are. + +Brings to mind the old saying, "We can stay retarded longer than you can stay solvent." + +**TA;CR: Buy. Hold. DRS. (Don't fuck around with weekly options.)** +Hi All, + +I’m a single mum of one year old boy who had to take out two credit cards to survive being left by my ex while I was pregnant. + +I now work full time on £24,000 a year in a job I really love. But I’m still saddled with that £4.5k in credit card debt that I’m struggling to shift. The interest free period has run out on both and I’m just managing the minimum repayments each month. + +As you can see below, my outgoings are more than my income meaning that I perpetually become overdrawn or have to sell stuff at the end of each month to keep my head above water. + +What should I do? + +Outgoings: +Mortgage - £574 +Council Tax - £100 +Gas and Electric - £50 +Internet - £26 +Water - £32 +Mobile - £30 +Nursery Fee - £742 (3 days a week) +Food Shop - £150 +Credit Card One - £80 minimum repayment +Credit Card Two - £59 minimum repayment. +Total: £1843 + +Income: +Wage - £1623 +Child Benefit - £80 +Total: £1712 + +Any advice is appreciated. The nursery fee seems like an obvious place to start but without childcare I would not have a job! +Again, as the title implies, I am just looking for old trading strategies regardless of language. I don't care if they are profitable or not, I just enjoy looking through others code and feel it is a great place to learn. Any help is appreciated. Cheers! +I feel like I have been lucky to find a few stocks earlier in the movement but I'm sure I miss several a day. Is there anything you guys do to seek out these stocks before they boom? I'm not looking for specific stocks. + +I was curious if there was a way to see if X stock has hit its average daily volume 10 minutes after the opening bell. + +EDIT: Thank you all for the information you have shared, I feel like I'm not the only ones that has learned something. + +My first award!!! Thank you +>Yes Bank said it has acquired over 24 percent stake in Dish TV India following invocation of pledged shares due to debt default by the DTH service provider and other group firms. +> +>Yes Bank Limited, pursuant to invocation of pledged shares, has acquired 44,53,48,990 equity shares of Dish TV India Limited constituting approximately 24.19 percent of the post-issue paid-up share capital as at March 31, 2020, it said in a regulatory filing. +> +>Shares were acquired on invocation of pledge subsequent to default/breach of terms of loan to Dish TV India Limited, it said. +> +>Further, Yes Bank said there was default/breach of terms of credit facilities sanctioned by it to Essel Business Excellence Services, Essel Corporate Resources, Living Entertainment Enterprises, Last Mile Online, Pan India Network Infravest, RPW Projects Private, Mumbai WTR and Pan India Infraprojects. +> +>The companies are part of the Subhash Chandra-led Essel Group. +> +>Dish TV is a direct to home (DTH) entertainment service provider. It had a consolidated total income of Rs 6,218.28 crore as on March 31, 2019. + +[https://www.cnbctv18.com/finance/yes-bank-acquires-24-stake-in-dish-tv-post-invocation-of-pledged-shares-6037261.htm](https://www.cnbctv18.com/finance/yes-bank-acquires-24-stake-in-dish-tv-post-invocation-of-pledged-shares-6037261.htm) +At the time I'm writing this, SNAP is up 59.18% in AH trading due to earnings. That's insane! Like yes ok they made profit for the first time but does that REALLY justify 60 friggin percent move????? + +Likewise Facebook losing net users for the first time, does that *really* justify an overnight 20% dump? These are not penny stocks, they're big tech and these moves represent huge changes in market cap. + +What the hell is going on? +Apes, + +I can do a press release pushing drsgme.org and also have contacts with sites like Forbes.com, entrepreneur.com, business.com, etc. + +My name can completely remain hidden from the post and I would be fully protected. + +What I’m asking is what are the consequences of posting about drsgme.org and the issue at hand? + +These sites have 100% success rate as long as I’ve been a publisher and these articles would definitely receive traffic. + +Anyone with more knowledge regarding and legalities and such that I need to be aware of? + +Oh and I also can get quora answers in bulk with anything having to do with GameStop while adding question and answers there to support GameStop. + +Someone talk me off a ledge or tell me to push it. + +🚀🚀🚀🚀🚀🚀 + +Edit: lots of pros and cons as well as people private messaging me. I will be moving forward with this and I’ll be working closely with drsgme.org for the initial release and I will be posting statistics, places the PR shows up on, etc with the community. + +This is simply about awareness and after talking to my legal guidance along with getting approval from drsgme’s legal guidance, we will be moving forward. + +Stay tuned for updates! +Currently we both own our own houses with mortgages. We plan on moving in together and getting our very own home - so both selling. + +To simplify the chain and the stress as much as possible our plan is that I sell my home sans chain (on my end) and move into hers. At this point we would look to buy somewhere new together. + +My question is what is fair in the meantime. + +My thoughts are that what I currently pay towards my mortgage would go into savings, and we would simply split all bills leaving her to pay her own mortgage. My reason being that my home is also an investment and I am stopping investing in that home and so I don’t want to cease that completely and instead contribute to her investment instead. + +She doesn’t see it that way but I’m struggling to see the alternative and wonder if thinking along the wrong lines and would like some advice. + +If it helps, we earn a very similar amount and our mortgages are also quite similar, albeit both slightly in my favour currently. + +Any advice is certainly appreciated! +\[Request: Please consider only replying if you are a current or past client of a Multi-Family Office or if you have significant first hand experience with one. If you work for an MFO, please disclose that.\] + +# About Me + +I'm in my 30s, categorized as UHNW with a $30m+ investable portfolio but don't have anywhere near the capital to build out a Single Family Office (I think around $150m+ would start to make sense for that). I am currently evaluating whether or not to engage with a Multi-Family Office vs sticking with a DIY strategy. (\*Note: I love and contribute to r/fatFIRE separately but am using a throwaway for anonymity here. Happy to verify with mods if that would be valuable to the sub.) + +# My Current Understanding of MFOs + +My current mental model of an MFO is as follows: I pay an AUM fee (.5% - 1.0%?) in exchange for comprehensive financial oversight of all my assets including investment planning, asset allocation, Private Equity and Real Estate sourcing / access / execution, liquidity management, asset protection, tax planning and avoidance, accounting, behavioral coaching, philanthropy advice, family dynamic help, legal structuring, on-call legal advice, etc. + +PRO: Single point of contact for an increasingly complex financial life. This did not seem necessary at $10m, but somewhere around $20m things got complicated. Typical service providers, accounts, policies, tax strategies, online portals, etc. have seemed to grow exponentially in complexity (and are now breaking down) at my current net worth and lifestyle. The amount of time I now spend trying to optimize "simple" financial tasks when sums are in the millions of dollars is staggering and unpleasant. + +PRO: Constant set of eyes to optimize my entire legal, tax, and financial well-being. Again, above $20m-ish, there seems to be a whole new world of strategies that is hard to learn by DIY. Particularly given an ever changing legal and tax world, long term this is a blind spot for me unless I devote part-time hours for the rest of my life. + +PRO: Access to pooled alternative investments, particularly Private Equity and Real Estate that I find difficult to gain access to otherwise. + +PRO: Access to slightly superior rates and terms across all financial instruments, i.e. someone is always negotiating for extra basis points on every loan, line of credit, private fund, etc. + +PRO: Downside protection + Wealth Preservation: Wide-ranging and comprehensive behavioral protection against me doing something very stupid at some point. + +CON: COST and portfolio drag. All of this comes at a cost and that is basically the one big con I see here. Assume a portfolio of $50m and a blended fee of 1.0% AUM (maybe this is high? Please share your experience). This is going to cost $500,000 per year and presumably will continue to increase as the portfolio grows. + +# Questions + +My core questions are as follows. Please answer any or all where you can be helpful! + +1. FEES: For a full service MFO as described above, what AUM fee were you quoted? How much were you able to negotiate down, and where did you ultimately settle? What other fees were involved? +2. EXPECTATIONS: Where did your MFO overpromise and underdeliver and vice-versa? Was anything different than what you expected? +3. FREE TIME: Did an MFO actually reduce complexity and free up time in your life? Or did it add more complexity? +4. AFTER TAX RETURNS NET OF ALL FEES: How do you think your portfolio performed relative to a simple 3-fund portfolio, a roboadvisor, or some other DIY method? +5. QUALITY OF EXPERTS: Did you feel you would have hired better quality accountants, advisors, lawyers, etc. if you had spent the time to hand select them and build your own team? Or did the MFO attract very high quality people? +6. OVERALL VALUE: Subjectively, is / was an MFO worth it to you? +7. (ANTI-)RECOMMENDATIONS: Are there any firms you would like to recommend or warn others about? \[Note: If you don't want to share publicly, please DM me and I'll keep it in confidence\] +8. ANYTHING ELSE: Am I missing the forest for the trees? What are my blind spots? What other questions should I be asking? + +# Thank You + +Thank you SO MUCH in advance for reading this far and considering sharing your advice. I am trying hard to make a well-informed decision on an uneven playing field. Hopefully this can help me and others in the future who go through this same scenario. +There is an old piece of conventional wisdom, that the best time to look for a job is when you already have a job. A recent study by the Federal Reserve Bank of New York provides solid evidence that that is the case: + +**[Do the Employed Get Better Job Offers?](http://libertystreeteconomics.newyorkfed.org/2018/04/do-the-employed-get-better-job-offers.html)** (Federal Reserve Bank of New York) + +> . . . We want to compare how job offers received by the nonemployed compare to those received by the employed . . . The most striking result is that there are very large wage differences associated with these offers: on average, employed job seekers receive hourly wage offers that are 39 log points (48 percent) higher than those received by the nonemployed. Even after controlling for the observable characteristics of the job seeker and the employer offering the job, the employed receive wage offers that are still 22 log points (23 percent) higher, on average. + +That's a big difference - a very big difference. There follows some discussion on why exactly the difference is so big. (My own experience suggests that people who are already employed only look for jobs that are strict upgrades from their current position, so are more selective in what they apply for in the first place.) + +That obviously is not good news for those who are unemployed. But it suggests a few general ideas to guide the job search. + +**Don't quit a job until you have an offer for another in hand.** ([As stated in the PF wiki](https://www.reddit.com/r/personalfinance/wiki/leaving_job#wiki_before_resigning_or_if_you_are_at_risk_of_being_let_go.2Flaid_off).) It's not just that being unemployed is *really* expensive - although it is - it's also that your prospects for finding another job are worse than if you stuck with the last one. + +**Consider starting early in looking for the next job if it looks like layoffs or an unlivable work situation are headed your way.** Waiting until you get the pink slip is a really bad idea. Even if the layoffs never materialize, you'll have expanded your business network by meeting with other potential employers. + +**Consider taking interim or temporary work while engaged in a long-term job search.** "What are you doing right now" is a terrible question if the answer is "nothing". Being full-time looking for new work looks good on paper, but see the statistics cited above - it's bad for job offers. Taking a temporary position, even something like an unpaid internship (you don't have to tell them how much you're currently making - or not making), can improve your position in negotiating a new position. +I realized that shares are sold by FIFO recently. I generally buy and keep and do not sell as much. + +Recently I saw an opportunity of making quick beer-money type money, and made it by buying on top of my long term holdings. I wanted to sell the recently bought shares at a nominal profit but when I did I realized my long-term holdings got sold, and the avg cost now is that of the newly bought holdings. + +Anyway to prevent this? Or am I being naïve and missing something here? +I'm at some sort of a weird cross road that I never felt like I would be at. There is a small part of me that feels like I should be doing more than just trading. + +I just feel like some people go to their jobs every day and they help build things, others sell things, others help other people. Obviously these tasks are for money and by no means charitable, but it feels like something is physically created, or done. Meanwhile on the stock market you are just buying virtual items at certain prices and selling them later at different prices. + +It just leaves me with a feeling of guilt like I should be doing more. Does anything else ever think like this or thought like this at some point. Does my thinking make sense? Am I crazy? + +I guess its a deep question(?) there is just a part of me that feels like I should be creating things (software engineer by trade). +I keep reading comments and quotes in news stories from people complaining how high prices are due to inflation and how inflation has to come down and Joe Biden has to battle inflation. Except the inflation rates we look at are year over year or month over month. Prices can stay exactly the same as they are now next year and the inflation rate would be zero. + +It’s completely unrealistic to expect deflation in anything except gas, energy, and maybe, maybe home prices. But the way people are talking, they expect prices to go to 2020 levels again. They won’t. Ever. + +So push your boss for a raise. The Fed isn’t going to help you afford your bills. + +Feel free to tell me I’m wrong, that prices will go down in any significant way for everyday goods and services beyond always fluctuating gas and energy prices (which were likely to fall regardless of what the fed did). +Yes the most boring investment of all time, but now with yields rising and prices falling - say this trend continues - if bond yields rise to like 6% what’s the downside to not throwing in the majority of your wealth into government bonds? + +If understood correctly, in the same way stocks work, when you buy a bond with x yield, you are collecting a cash distribution based on x yield. So even if bond prices go back up and yields fall, you still bought at x yield, so you’re still getting distribution based on that yield correct? + +Does this mean then at 6% yield, you can collect 6% indefinitely? + + +If so, what’s the drawback here? High yield little risk(?) + +*Unless* your yield unlike stocks are not locked in due to bonds eventually maturing. So say you buy a government bond etf, that etf is based on a blend of different bonds, when those bonds mature/new ones are issued, your yield is distorted. + +Thus, your yield of 6% by no means is *locked in* indefinitely. + +Am I correct in thinking this? + +Thanks. +GameStop is listed in the new list published today for the Russell 1000 additions! + +Source: [https://content.ftserussell.com/sites/default/files/ru1000\_membershiplist\_20210628.pdf](https://content.ftserussell.com/sites/default/files/ru1000_membershiplist_20210628.pdf) + +Very pumped for Monday and every day thereafter!! +Senior management at multi billion tech company. Generally happy with my role but it’s an exploding industry with limited talent + lots of recruiters looking to fill roles at interesting companies (big and small). + +Given “head of” and “director” and even “vp” mean different things to different places, there’s a lot of figuring each other out on intro calls. What’s the best way you get at the comp range before wasting too much of each other’s time? + +I worked at one of the tech giants long enough to know the ranges for dir/sr dir/vp titles, so I usually work off of that reference point. If they push, I give my current comp and anticipated promotion timeline + next role comp. This feels like checkers though, I want to know who here has been playing chess. +My dad is 63 and has no retirement accounts. His only income is Social Security. + +He just inherited $100,000 from my grandfather. My dad's total monthly expenses = $1,000/month. + +How should he allocate the $100k with little risk but some potential returns? +My dad is 63 and has no retirement accounts. His only income is Social Security. + +He just inherited $100,000 from my grandfather. My dad's total monthly expenses = $1,000/month. + +How should he allocate the $100k with little risk but some potential returns? +A gain is a gain they said - a tough pill to swallow at the moment. + +Me: Wheeling AMC since February with a $6.45 cost basis, rolling along CCs since then, adjusting strike prices up as needed and getting my premium. Sells a $16 CC about a week and a half ago. + +Also Me: If i didn't sell that recent CC I could sell my shares and pay off a student loan with what was a measly $600 trade. +ICO raises 300k ETH. + +ICO see's ETH dropping, ICO sells ETH to make sure they have fiat runway. + +ETH price drops. + +Another ICO raises 250k ETH. + +ICO see's ETH price dropping more. Cashes in more ETH. + +People see ETH dropping in price. + +People panic. + +People sell ETH. + +Price drops. + +More People sell ETH. + +More ICO's liquidate ETH. + +etc etc. + +This is like a chain that's been going on. Please stop throwing your ETH at random ICO's -- none of the recent ICO's deserved the money they recieved -- it's just getting crazy. +I've learned something the hard way, figured I'd share. + +We used to be a company of about 80 people. I was there since they were 12 and helped grow the company. I was on £47K two years ago when we hit a major blow and had to dramatically reduce costs. The team that I worked with was 4 people, all earning in the £45-50K region. + +The company went down from 80 people to 20 within a few months. We were told that they'll only keep one of us, and that person has to take a significant cut to salary as well. The other three gave their notices and went to work elsewhere. + +Me, in my loyalty to the company, decided to stay and "rebuild". I accepted to go down to £37K for one year until we're in a better situation and I worked very hard. After a year things were good, we began hiring again and I asked to be placed back to my old salary which was refused. I was given a "well-deserved raise" to £40K according to the owner. + +Towards the end of 2018, I asked to be placed on £50K. They offered me £45K and cited that they can't afford £50K right now as we're expanding the team and must keep to the budget. + +One of the former co-workers who left applied for his old job back, and told us that he was making £50K and expects £52.5K. They gave him an offer of £52.5K in early January. + +I asked for the same £52.5K, was turned down citing "new hires take precedent over existing employees when it comes to salaries". + +So yeah, I stayed and when everyone else left, took the salary cut, worked 12 hours a day and some weekends too for this company and this is what I got from them. + +I interviewed elsewhere and received a job offer of £55K. I gave my notice last week and immediately received a counter offer of £55K. My heart isn't here anymore and I'll be leaving from March. I should have left two years ago. + +So a few of you have been messaging me asking questions, this is totally normal and fine and I am glad to help out where i can. However remember I am not a financial advisor, I am not an authority, I am not a stonk lord. I am a man who has gotten lucky a few times. + +So what are BBOZ and BBUS? They are stocks you can buy like any other stock on the ASX except they strive to **INVERSE** the ASX and the American market. BBOZ for Australia BBUS for the US. It goes up, they go down. It goes down they go... UP! + +Wild and crazy times we live in. So if you thought the markets were prime for a crazy dive you could invest in them to try to take advantage of that fact. + +Now BBOZ and BBUS are leveraged as well, so if the market drops 1% they aim to rise 2%. There are unleveraged choices as well. BEAR is the one I am thinking of and there is probably a US version as well. + +All the information is available [HERE](https://www.betashares.com.au/) + +If you follow Wazza B's advice and are acting greedy when others are fearful or whatever he was on about you can also check out GEAR which is kinda the opposite of BEAR in that aims to go up more then the market. Once again read about it [HERE](https://www.betashares.com.au/fund/geared-australian-equity-fund/) + +One last thing to think about, these are not really long term holds. The math behind it is interesting but it all boils down to dont hold for more then a day or 2 unless you know what you are doing and have taken the long term deterioration into account. + +This is from the website +> The Fund’s portfolio exposure is actively monitored and adjusted to stay within a -2x to -2.75x range on any given day. The Fund’s returns will not necessarily be in the range -2x to -2.75x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives. +The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market. + +Here are my other posts + +[A 1](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) + +[and a 2](https://www.reddit.com/r/ASX_Bets/comments/kyve7b/newb_traps_revisited_dont_trust_internet_randos/) + +[and a 3](https://www.reddit.com/r/ASX_Bets/comments/l6elep/some_more_tips_for_the_newbies/) +So a few of you have been messaging me asking questions, this is totally normal and fine and I am glad to help out where i can. However remember I am not a financial advisor, I am not an authority, I am not a stonk lord. I am a man who has gotten lucky a few times. + +So what are BBOZ and BBUS? They are stocks you can buy like any other stock on the ASX except they strive to **INVERSE** the ASX and the American market. BBOZ for Australia BBUS for the US. It goes up, they go down. It goes down they go... UP! + +Wild and crazy times we live in. So if you thought the markets were prime for a crazy dive you could invest in them to try to take advantage of that fact. + +Now BBOZ and BBUS are leveraged as well, so if the market drops 1% they aim to rise 2%. There are unleveraged choices as well. BEAR is the one I am thinking of and there is probably a US version as well. + +All the information is available [HERE](https://www.betashares.com.au/) + +If you follow Wazza B's advice and are acting greedy when others are fearful or whatever he was on about you can also check out GEAR which is kinda the opposite of BEAR in that aims to go up more then the market. Once again read about it [HERE](https://www.betashares.com.au/fund/geared-australian-equity-fund/) + +One last thing to think about, these are not really long term holds. The math behind it is interesting but it all boils down to dont hold for more then a day or 2 unless you know what you are doing and have taken the long term deterioration into account. + +This is from the website +> The Fund’s portfolio exposure is actively monitored and adjusted to stay within a -2x to -2.75x range on any given day. The Fund’s returns will not necessarily be in the range -2x to -2.75x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives. +The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market. + +Here are my other posts + +[A 1](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) + +[and a 2](https://www.reddit.com/r/ASX_Bets/comments/kyve7b/newb_traps_revisited_dont_trust_internet_randos/) + +[and a 3](https://www.reddit.com/r/ASX_Bets/comments/l6elep/some_more_tips_for_the_newbies/) +&#x200B; + +https://preview.redd.it/6tv9n2023k971.png?width=1600&format=png&auto=webp&s=e7d41e9b0472d64c3baaf515a68cbcc405748dbb + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/jvbsr1y33k971.png?width=680&format=png&auto=webp&s=9fbe18b287ea334f1c04e92f0e7045ed390c7c0b + +The reverse repo's + +&#x200B; + +https://preview.redd.it/8sc0ui1c3k971.png?width=688&format=png&auto=webp&s=95f0c1236f6cef31bb3bdabf8d75eeb00df90ac2 + +seems like the weekend was a quiet one for change + +# Peek-a-boo! I see 103M hidden shorts + +u/WhatCanIMakeToday made a thead [here](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +His post goes into checking the married puts/calls action, worthless OTM married puts are to hide short interest and Deep ITM calls are to hide/reset FTD’s and after Feb 1'st they went up quite a bit. + +It's an interesting read and idea that they indeed try to hide their short position with deep itm/otm married puts and calls. + +&#x200B; + +https://preview.redd.it/dwnri9mr7k971.png?width=720&format=png&auto=webp&s=a8230fbd2f2721f046cd82064813d5aa4398a0c7 + +# The apes of the group + +u/zedinstead made a list of all the apes and what they do in the sub, it's good to keep this aside just in case it ever becomes useful for you, it's ranging from dank memelords to people who post TA. + +the list can be found [here](https://www.reddit.com/r/Superstonk/comments/oek6xl/im_just_a_guy_that_likes_the_stock_and_likes_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[no one is quite sure what it means...](https://preview.redd.it/fnvsu0qt7k971.png?width=1080&format=png&auto=webp&s=0bcd8e88f5e621def441bf0f802f8cb50648843d) + +# US stock falling down + +[https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf](https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf) + +Now goldman is predicting that the us shares will fall soon, now isn't that a thing 🤔 + +But wait there is more. + +Reuters is reporting that our current situation isn't unlike other situations we've had before, mainly the crashes, but this time it's worse. + +[https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/](https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/) + +(also this is written by Edward Chancellor not THE chancellor) + +And the Zoltan also saying there is danger on the horizon + +[https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002](https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002) + +&#x200B; + +Now if I were a wrinkled ape, I would think this spells out danger for the banks/stockmarket in the months to come. but I know I'm smoothbrained at best + +https://preview.redd.it/y531tywu5k971.png?width=596&format=png&auto=webp&s=45cccf8065baa9b34f39fae309f98b623d3c4762 + +&#x200B; + +https://preview.redd.it/baxpq78f6k971.png?width=4096&format=png&auto=webp&s=68a0f9c52e856430c184eb047357e7047b4b3544 + +Daily Short volume by [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +&#x200B; + +https://preview.redd.it/2ou631tk6k971.png?width=4096&format=png&auto=webp&s=b1e0d6893c41344d53aaca658ca4650b2557ae63 + +# RC's tweets are timed with ETF FTDs + +u/dentisttft also has a theory that he might need some more eyes on, because perhaps this one holds true, and we can fill in the blanks were needed, or it's false and we can see why. + +Either way it's interesting as hell to think about and think that there may be something there + +You can check out his thread [here](https://www.reddit.com/r/Superstonk/comments/oeahh2/rcs_tweets_are_timed_with_etf_ftds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/xk1lno7y8k971.png?width=799&format=png&auto=webp&s=648c8daad71b0bb7ecfadcf5f02fafa80b30f7ff + +# Technical TA math stuff + +u/MOSfriedeggs made a TA, which shows mostly bullish signals, and even something that's even more rare then we normally see in TA **Historical Volatility Percentile** signal was given off last month, meaning we could see some big rips in the coming weeks. + +Check out his thread [here](https://www.reddit.com/r/Superstonk/comments/od7swq/wen_moon_10_endgame_final_ta/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/pmfn665z8k971.png?width=554&format=png&auto=webp&s=8be07f86f0a4a67e9bb3e2c28dabc2258eee5bdc + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/g6z3wh119k971.png?width=400&format=png&auto=webp&s=dfb1c6d1204518d6404068c60ddc2cb7a54cd0b3 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1: + +Gamestop continues expansion of their fulfillment network + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility) + +&#x200B; +Ladapes and gentleapes, a lot of names are fast becoming common in the sub, so I thought to go over something with you guys. Something which these names were part of. It was something bad, and they're still in it. + + +EDIT 3: There's no TL;DR. It's just a 3mins read. If you a retarded smooth-brained crayon-muncher you should be able to read it in 5mins. + + + +Let's go back to the 2008 financial crisis. Bear Stearns, one of the big boys of wall street fell. Why did BS fall? Simply put, BS had a lot of bad deals in their books. BS had a lot of 'toxic real estate assets' that no one wanted to touch with a 10ft pole. JP Morgan bought Bear Sterns for $2 a share. They wouldn't have done it if the government hadn't sent in $30b of taxpayer money to support the deal. + + + +But why exactly did Bear Stearns accumulate such bad deal, that no bank wanted to touch? Money. Greed. BS wrote so many real estate deals, they became stupidly retarded and believed prices only go up. Everyone was either buying, building or selling houses. It was a money printing machine. You need a home, they write you a deal, no questions asked. No good job, no steady income? no problem, BS would write you a deal and get you a house. When housing prices fell, they were left holding the bag, their ballsack was down. Everyone could see it, and no one wanted to touch it. Oh, I just remembered the greedy Lehman Brothers. They were also holding bad bad real estate assets no one wanted. It was so bad one option was for the government to buy all the houses and literally set them on fire. House inflation. They can easily raise interest rates to keep up with money printing, but there's no remedy for houses no one wants to buy. Lehman Brothers stock price fell so fast, then CEO said it was a short and destroy attack. Now, keep this in mind, while we fast forward to the present. + + + +It's 2021, HFs are making lots of money shorting stocks, together with their accomplices. It's so profitable they have forgotten they can lose it all. They've gotten greedy. Same mistake Lehman Brothers, Bear Stearns made. + + + +There's something not being talked about much. A financial instrument that played a big role in destroying the market. + + + +Let's go back to 2008. Remember the role CDOs played? The instrument that allowed banks make money from debt obligations. They now call it Bespoke Tranche Opportunity. Stay with me, we'll see why this is important. + + + +The overall volume of CDOs on bespoke portfolios rose rapidly in the early 2000s. In 1999, synthetic CDO issuance in total was less than $10 billion. 2005 issuance of bespoke portfolio tranches was cited by Rajan, McDermott and Roy as $294 billion. CDO tranches linked to bespoke portfolios continued to trade after the financial crisis of 2007–08 but in considerably reduced amounts. + + + + +The market for “bespoke tranches” — bundles of credit default swaps that are tied to the risk of corporate defaults — has more than doubled in the first seven months of 2017. Traders in this opaque, over-the-counter market estimate there has been issuance of $20bn to $30bn this year (2017), compared to $15bn in the whole of 2016 and $10bn in 2015. - **Financial Times** + + + +**Citigroup is the largest bank counterparty for such trades, according to investors and traders, with JPMorgan Chase and BNP Paribas also active. The resurgence of interest has pushed other banks, such as Goldman Sachs, to begin looking at expanding trading in the product as well. Banks structuring the deals say that they are more cautious this time regarding the risks of being caught with exposure on their own balance sheets. - Financial Times** + + + +Do you think they're more careful? No. They're getting greedy again. + + + +"...investors are using less leverage than was case before the financial crisis, traders say. Leverage up to 20 times is now typical, pushing returns above 5 per cent." Financial Times + + + +20X is considered safe. A 20x leverage on $500m is a lot of money. Just let it sink in. This was in 2017. + + + +Trading volumes in synthetic collateralised debt obligations linked to credit indexes are up 40% in 2019, according to JP Morgan, after topping US$200bn in 2018 on the back of three years of double-digit growth. Meanwhile, analysts predict more than US$100bn in sales of bespoke synthetic CDOs in 2019 following an estimated US$80bn of issuance last year. - Reuters + + + +Let's go over this. +In 1999 volume of CDOs was less than $10b, and by 2005 it skyrocketed to $294b. That's within 6 years. + + + +In 2015 it was approx $10b, in 2016 $15b, in 2017 it doubled to $30b, in 2018 it rocketed to $80b, and in 2019 it was over $100b. Who's to say it's current volume isn't over $150b or even $200b? We will never know, because they are unregulated. 2021 would be the 6th year from 2015. + + + +Back to Gamestop. + + + +EDIT1: Remember how the Fed and Treasury said inflation was transitory for months. Now they're saying it isn't transitory but it's within their tolerance. Bullshit. Majority of the nationa do not know what's coming. + + +These same guys are writing housing deals, remember interest rates are down to almost zero. (Correct me if I'm wrong). They're taking huge risks, everyone has access to loans, and housing prices are high. Add this to the BTOs, leverage, and Gamestop and you'd know for certain we're on.the right side the crash that's coming. I believe the Fed and the US Treasury are trying to work something out to cushion the crash. + + + +In the midst of all this, i want you to remember that the lack of access to cash/loans exercebated the effect of the 2008 crisis. People couldn't get small loans for personal care. Even though the US government gave banks billions to help them process loans, they didn't give it out. + + + +EDIT 2: In the days preceding the 2008 crash, the Fed and Treasury were scared of people finding out about thehe shit storm and pulling out their cash. If people start withdrawing from JP Morgan Chase, Citi, BoA, it's going to be a catastrophe. + + + +Today, we're DRSing and they're not able to loan out our shares. This is going to be what fucks them all. + + + +PLEASE DRS. DON'T DAY TRADE. +Hello and Happy new year, + + +I've recently turned 30 and, during the last 11 years of my career, I managed to secure a decent amount of money (roughly 90k€). I originally wanted to use those savings as down payment for an apartment within the next few years, but the market in my region (Berlin) is insane and I don't think this dream is realistic anymore. + + +As I'm extremely risk-averse, I stupidly kept most of those funds growing on my current account. However, in the last 2 years, I opened a "balanced" (60% bonds/40% stocks) investment account through my bank (N26) and put roughly 40k€ in there. The recent market crash has made me lose about 5%, and while I don't plan on panic-closing everything, it has become apparent that this approach doesn't work on the long term. + + + +This brings me to that question: where should I put those funds? I've obviously looked around for solutions, but I am basically financially illiterate when it comes to investments - all I know is how to save money, not how to make it grow. Here's a few key points: + + +- I intend to keep 20k€ in my current account/emergency fund (I'm a freelancer with unstable income, so I prefer to always keep more than necessary) +- I'm not planning on touching that money for the next couple of years (4-5), but I don't feel comfortable locking it away for 10+ years. +- I would like to be able to see my investment's performance at any time online. + +Thanks to anyone who might help me figure things out! +Here’s a DD on Melbana energy, an ASX small cap oil and gas explorer who’ve recently made a mega find in Cuba, with another one in the barrel about to let fly. If you like IVZ, you’ll love MAY. + +**TLDR: MAY has $35m in cash, a 30% share of 267million barrels of oil (80m) independently assessed from drill one, and drill two heading to target depth in the next week or two with a mean 114mbbl estimate (34m, MAYs share).** + +**If like me, you have the attention span of wing nut, you can read the bold bits alone.** + +Usually, the market prices in ground reserves conservatively, say at 70% discount. **At a share price of 10c the market values MAYs resource at $3.75-$5.86 per barrel, roughly a 95% discount.** + +Now I know it’s fashionable to chunder rainbows, spruik healthcare for whales and mine for lithium these days; but last I checked **new oil supply coming online is falling whilst global demand is still growing.** + +The macro setup for this stock for a 5 year hold is excellent. In the short term, it’s great for day trading degens, as its smack bang in the middle of pennant with price responding primarily to drill cycle catalysts for the last 6 months. + +The original DD on Melbana Energy (MAY) is from reddit user [u/portiss50](https://www.reddit.com/r/ASX_Bets/comments/p09kmf/melbana_energy_may_a_hybrid_mix_of_ivz_brk/) . This is now two years old and anyone riding since them has 5-10x. **Good for them, but is it too late, has MAY had its run and why is the market discounting this stock so heavily?** + +Let’s get **some basics** out of the way. MAY is an ASX listed oil and gas explorer, headquartered in Sydney. This DD is entirely focused on its onshore block 9 Cuba operations. They also have a royalty only interest in an exploration campaign in the beehive prospect offshore WA slated for drilling later this year. + +**MAY has a 30-70 split in block 9 with Angolan national oil company, Sonangol.** The joint venture agreement states that cost and profit of operating the lease after the initial two wells will be 30-70. In addition, **MAY has an offtake agreement with CUPET, the Cuban national oil company, CUPET buys the oil at international prices.** The **royalties imposed are approximately 27.5%** subject to change. + +The driller is Sherritt, a Canadian rig operator with a long history and good safety record in Cuba. The deposits are in accessible regional setting where farmland is dominant, serviced by existing roads, **approximately 50kms from the nearest port / refinery. There is a disused / underutilised pipeline adjacent to the Zapato prospect. Trucking the oil to the refinery is a stop gap solution.** + +**Costs of recovery** in Cuba are low, with CEO Andrew Paul giving a conservative **estimate at $20 per barrel**. Cuban fields traditionally produce heavy crude, but Zapato is adjacent to a field that produces / produced a lighter oil. Basically, heavy oil sells for a 13% discount on the lighter stuff. The two are mixed and refined, or used separately for different applications (ships, refiners powerplants all use different feedstock). **Cuba has a deficit of** heavy and light **oil**, but it is mainly set up to consume heavier oil. + +\- **Below is a summary of the two-drill campaign at block 9.** + +||**Alameda (Drill One)**|**Zapato (Drill Two)**| +|:-|:-|:-| +|Status|Drilled and logged Dec21-Mar22|Drilling \~1900/2600m| +|Million barrels est. (pre-drill)|180 (54)|\~ 38-214 (13-65)| +|Mbbl est. (post-drill) 5% recovery|**267 (80)**|\-| + +**So, to re-cap, MAY found 143% more oil than the mean estimate in their first hole, for a total of 3.6 billion barrels, of which the assessors (McDaniel’s) estimate 267 million (5%) are recoverable. MAYs net share (before royalties) is 80 million barrels… So far.** + +In case you care, Alameda consists of three sheets: Amistad (a further 3 sub-units), Alameda and Marti. I won't pretend to be informed about the geology on site, suffice to say they went looking for oil; and they found it. + +Before we dig into Zapato, let’s **spend a minute dreaming about what this resource could be worth to shareholders when MAY goes into production mode**. I’m going to include everything in this estimate that I have been able to find, cost of recovery, the "in-ground discount", royalties and I’ll also vary the oil price and recovery rate. Why mess with the recovery rate? The pressure regimes were quite high, that could lead to a higher recovery rate. We’ll set the max at 10%. Shares on issue is currently 2.9 billion. I’m using 3.4 billion to account for options exercise (expiring September) and purely hypothetical future cap raises. + +\- My numbers + +|In ground discount (reserve\*0.3)|Oil price ($AU)|Cost of Production ($AU|CUPET Take|Profit ($AU)|shares (m)| +|:-|:-|:-|:-|:-|:-| +|\~ mbbl|50-105|20|27.5%|(Mbbl\**0.3)*(price-CoP))\*(1-0.275)|3,400| + +**- The output** + +|Est. Fair Value|Est. Reserves 80mbbl|Est. Reserves 120 mbbl|Est. Reserves 160 mbbl| +|:-|:-|:-|:-| +|Oil at $35 USD | $50 AUD|15c|23c|31c| +|Oil at $50 USD | $70 AUD |26c|38c|51c| +|Oil at $75 USD | $105 AUD |**44c**|65c|87c| + +**Not bhed**. + +On the most conservative of scenarios, market is undervaluing MAY by 50%. At a very conservative estimate the share price should sit around 44c. Remember, **I’ve valued 70% of the 80mbbl reserve at $0. Worst case with production being put on, 15c-44c. Best case this is an easy 8-10x.** Now **in the short term these valuations don’t mean shit. I mean really, dog turds in the gutter have as much if not more predictive power than valuations**. + +$35m cash on hand might be enough to get this done, **but until MAY can demonstrate a credible path to production, oil in the ground =/= $$ on the balance sheet and value for shareholders**. + +**In the short-term price will be decided by flows, stock catalysts, macro etc. Speaking of…** + +**If above didn’t get the vein in your temple pulsing, let’s talk about Zapato** + +**Zapato is the second well** in the two well campaign **and currently being drilled**. It is also onshore in block 9, targeting one continuous sheet and has **been estimated to contain** between 38 and 214mbbl of recoverable oil (MAYs share 13-65mbbl), with a mean estimate of **114mbbl (34)**. + +The target was identified in the same way as Alameda, using electromagnetic and gravity surveys. MAY's geologists claim there is a large anomaly they are targeting. Melbana’s geologists speculate this could be the ‘kitchen’ for the historic Motembo field that produced a high quality light crude. + +**AS of the last update (05 August) the drill was at approximately 1900m of 2600m depth.** + +|Objective|Chance of Success|Low mbbl|Best mbbl|High mbbl|Mean mbbl| +|:-|:-|:-|:-|:-|:-| +|Zapato|23%|38|95|214|114| + +Looks ok. Sure. About **two weeks ago the drill head got stuck**. Whoopsie. In the process of pulling back the mud weight and recovering the stem, **oil was observed on the shakers at around 1650m** depth… This is well above the target structure and portends very well. I’ll let you dig deeper, **I recommend the ASX notices.** + +This has already gone on a bit too long but let me just do a quick **bear** dot point **summary**. + +* ESG / climate stuff makes banks wary of funding new O&G projects. +* Angolan Oil Company, Sonangol has a history of corruption (pre-2017). +* Cuba has jurisdictional risk and lower safety standards (very recent fire at oil warehouse). +* Both drill holes have had delays. +* No flow testing was done at Alameda, another well is needed (however this would likely also be the production well at Alameda). +* Falling oil price could drag MAY down. +* Macro environment could go to complete shit, or simply favour risk off. +* Insiders have been buying and selling, with ‘tax time’ selling over the last 6 months. +* **Management fails to progress to production.** +* You'll find all this stuff in the ASX notices. + +All in all, the usual risks of investing in a small cap O&G explorer in a developing country. **Nothing to run screaming from in my opinion.** + +**In conclusion, if you like IVZ, you should consider MAY too.** I don’t acrually think this is better than IVZ, every O&G explorer is different. However, I will say that even at double the MC, **MAY is significantly derisked and undervalued** by comparison and can reward short term and long-term holders alike. NFA. + +**Positions: 500,000 shares at 11c. Still adding on dips.** + + +EDITS: Fixed the ouput table formatting, and some minor gramar. +Everything feels like good news for ETH these days, with incredible stories about development milestones being hit and network effect growing, but the price action doesn't feel like such a good news story. I think some of us have been in this place before. There is a lot about this that reminds me about the perma-300 period. Good news and more good news, but the price just stayed the same. And now, the repeated rejection at ~700 to ~800 now, with range-bound price action that feels, sort of...yes, *manipulated*. But I'm not one to cry about such things. + +Just remember a year from now that you had more time to accumulate now. I also bought the hell out of that dip 5 month long dip in the 300s. And guess what? Now we're 5 months from when we first hit 700, and we saw much higher than that for a bit. That's a short time in normal financial markets, but an eternity in crypto. As for me, I'll keep reflexively buying anything under 1500, even though I probably don't need anymore. There is just too much potential for this technology, and I try to be a patient and forward-thinking man man. + +**Plasma Cash, Plasma, State Channels, Proof of Stake, Sharding, dapps hitting main net, increased adoption, institutional interest. We have barely scratched the surface of what Ethereum will be in the future.** + +And take a good look at that multi-year chart. ETH doesn't do a slow and steady rise up. It explodes, corrects, sleeps, an then does it all over again. Can you figure out when it's going to run again? I know I can't, but I am sure that it will- and probably sooner rather than later. + +We are on the cusp of real utility with this technology, and almost everyone that is smart in this space believes that Ethereum will be leading the way. If you're thinking in a timeline of years, I'd say seriously consider dollar cost averaging into these dips. I doubt you'll be disappointed when you look back on it. +Hey everyone hows it going ? + + +I think I am going through he classical Kubler-Ross stages of grief when it comes to Sydney house prices (denial, anger, depression, bargaining and acceptance) and I think I have now reached the bargaining stage. + + +I believe a lot of us wannabe bears here have begrudgingly turned into reluctant bulls since things aren't looking so grim anymore and there wont be that miraculous 50% crash we were all hoping for. So time for plan B. As much as I call Sydney home, there is life beyond Sydney /Melbourne and certain professions are more transferable than others. In hindsight as long as I'm in a state capital city with adequate services and things to do I'm content. I think I only clung onto Sydney/Melbourne because of the sizeable Asian population here and that people are more 'used to us' here whereas I would stand out so bad in places like Townsville and not sure if I would be completely accepted with open arms elsewhere. At least this isn't the deep US south. + + +Anyway, for those of you who were priced out of Sydney and Melbourne property and moved on, How has it worked out for you ? Do you regret it ? Do you miss Sydney/Melbourne ? How is your current lifestyle ? Any other tips or pieces of information you would like to share. + + +Thank you for your time and have a great day. +To clarify, I listened on Audible since I'm able to listen while I work at my job. + +I'm 30(M) and I'm finally on a better path for my financial security. + +The 4 books were: +The compound effect by Darren Hardy +The simple path to wealth by JL Collins +The little book of common sense investing by John Bogul +I will teach you to be rich by Ramit Sethi + +The amount of mind explosions and that I went through was insane. I felt stupid. Why am I 30 and just now realizing this? Why wasn't I taught this in school? My friends nor parents dont even know about simple TIF's, Roth IRA's, or even HSA's and the advantages it comes with despite high deductible insurance! I honestly can't believe it. The sad part is that this shouldn't even be a mind exploding secret. + +I just started my 401k this year for the first time in my life. It feels great but also disappointing that I didn't start it 10 years ago. Or really go for a job that provides it. I got caught up in the food industry through my 20s. The constant dating, flings, parties, weed, and lack of care for my future. But no better time then to start now and better late than never! + +I work at a factory now and I'm projected at my first 100k this year. It feels amazing. Not the fact of having extra money but rather the opportunity to use alot of it to put it where it counts. I can't even believe I didn't pay more attention to this sub either. I could've saved myself some time. I'm just glad I'm on the right track and it feels fucking awesome. + +I realize that I still have much to learn but I'm definitely better off than I was before. Excited to continue this journey! + +I'd also like to say that John C Bogul is a legend and I especially enjoyed I will teach you to be rich by Ramit. His narration style and the way he conveyed his book made it much more interesting to listen to. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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) +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) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Gamestop has been shorted into the ground. We know this, and here is some DD I have put together with sources. + +# I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. PLEASE DO NOT SUE ME IF PEOPLE MAKE OR LOSE MONEY. + +Most of these numbers are estimates and are not exact, but this is hopefully a solid, ideally underestimated as far as retail goes. + +My range for the final MOASS is $10,231.57 as a floor, and an AI predicted ( [https://www.reddit.com/r/GME/comments/lg0f24/ai\_predicts\_gme\_squeeze\_using\_time\_series\_model/](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/) ) ceiling of $130,000 inside a vacuum for short closing. I cannot provide an accurate ceiling, as a direct ratio of Short to percentage increase just become hilarious, and I am not smart enough to generate the parabolic formula. + +My range is between $7,763.68 and $97,500. + +My personal basis for the top of the squeeze is $37,675.79 + +Some financial institutions have not acted responsibly in the market, and I have reason to believe that GME has been shorted 432% of the estimated float. + +Total shares owned stand at 253,299,787 + +The total shares outstanding stands at 69,746,960 + +This cannot continue to continue, and I believe the firms responsible for this egregious short selling should take immediate steps to close their positions instead of borrowing more GME shares from ETFs to short further. + +This is unprecedented, and I believe it might crash the financial market. + +Please feel free to email me if you have any corrections to make. + +My findings and estimations are below: + +I like the stock + +**GME Share Ownership** + +Insiders – 23,704,787 + +Institutions – 151,000,000 + +Funds – 40,000,000 + +Retail – 38,595,000 + +Total Owned: 253,299,787 + +Total Outstanding: 69,746,960 + +Percentage of ownership to outstanding : 363.17% + +*GME Short Information* + +Estimated Synthetic shares: 183,552,827 + +FINRA Short % of Float: 78.46% + +Finviz Float: 50,650,000 + +Reported shares Shorted: 35,538,624 + +*Total estimated Short positions (synth + reported shorts)* + +219,091,451 + +Percentage of shorts to the float: 432.56% + +**Here is a deeper breakdown of share ownership:** + +Retail brokerage usership (sources provided below) + +* Robinhood - 13 million users +* TD Ameritrade - 11 million users +* Charles Schwab - 29.6 million users +* Webull - 10 million users +* E-Toro – 13 million +* T212 – 14 million +* M1 Finance – 250,000 +* Fidelity – 25.5 million +* Vanguard – 7.5 million +* Blackrock – 4.8 million + +There are an estimated 128.65 Million retail accounts total in the above retail brokerages. These retail accounts (correct me if I’m wrong) are not counted in the institutional share reporting, as these are not institutionally managed assets. + +My assumptions are as follows: + +* 10% of these accounts own shares of GME +* An average of 3 shares per holder + +Since it seems that retail owners are still buying (from my own perspective) this seems to be a safe assumption that r**etail ownership stands at 38,595,000 shares** in total. + +Institutional Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Institutions is approximately 151,000,000 Shares** as of the most recent filings. + +Fund Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Funds is approximately 40,000,000 Shares** as of the most recent filings. + +Insider Ownership + +According to the [Fintel.io](https://fintel.io/) website, under the insiders > insider trades tab, **ownership of Insiders is approximately 23,704,787 Share**s as of the most recent filings. + +Price Basis: + +A post on the WSBN subreddit, authored by [u/joethejedi67](https://www.reddit.com/u/joethejedi67/) on the 10th of February, 2021 showcased a closing of 7,056,150 shares resulted in a price increase of $327.09/share by the end of the day. This is based on the FINRA reports and dates from 1/13/2021 - 1/27/2021. + +As a Floor: If we assume a linear increase with a direct ratio of short coverage to price increase ($0.0000467/short), then coverage of 219,091,451 shorts would directly increase the price of GME by $10,231.57. This is not inclusive of the current price. + +I am aware that direct ratios are not indicative of how markets work, so a floor of 75% of the above number is **$7,763.68** personally seems reasonable. + +As a Ceiling: I will refer to an [AI on the ceiling](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/), as I am not intelligent enough to create a formula on something with this much potential data. The price would increase by approximately $130,000. This might not be unreasonable, as Tulip Mania raged on, + +>“the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns.” + +I will take the same rule as the floor pricing, and take 75% of the above price. My personal Ceiling arrives at $97,500. + +Taking an average of the two numbers, weighting the floor at 66% and the ceiling at 33%, **brings my personal target price to $37,675.79.** With the outstanding shares sitting at 69,746,960; the market cap would theoretically be $2,627,771,818,098.40. + +**$2.627 trillion would make GME the most valuable company by 6.88%.** ($169 billion difference.) + +The top 5 most valuable companies in the world are as follows: + +1. Saudi Aramco - $2.458 Trillion +2. Apple - $2.213 Trillion +3. Microsoft - $1.653 Trillion +4. Amazon - $1.596 Trillion +5. Delta Electronics - $1.435 Trillion + +This would put GME in line with the VW 2008 short squeeze, where **VW became the most valuable company in the world by 7.87%** ($27 billion difference.) + +***ETF Shorting*** + +Recently, we have learned that certain ETF’s are being shorted to short GME by proxy. + +SPDR S&P Retail ETF (XRT) currently has Institutional ownership of 25,662,569 shares compared to 6,700,000 outstanding shares. This is 383.02% of issued shares. + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) + +I am not sure if all of the synthetically created shorts are counted in the fund ownership above, but I doubt it. + +These ETF short positions will cause a rippling effect in the market should GME squeeze. + +These are all the ETFs with GME in their funds: + +* GAMR - ETFMG Video Game Tech ETF +* XRT - SPDR S&P Retail ETF +* XSVM - Invesco S&P SmallCap Value with Momentum ETF +* RWJ - Invesco S&P SmallCap 600 Revenue ETF +* VIOV - Vanguard S&P Small-Cap 600 Value ETF +* VIOO - Vanguard S&P Small-Cap 600 ETF +* VIOG - Vanguard S&P Small-Cap 600 +* VTWV - Vanguard Russell 2000 Value ETF +* IUSS - Invesco Strategic US Small Company ETF +* VCR - Vanguard Consumer Discretionary ETF +* VTWO - Vanguard Russell 2000 ETF +* IWC - iShares Microcap ETF - Small Cap Blend Equities +* EWSC - Invesco S&P SmallCap 600® Equal Weight ETF + +**Sources:** + +GME DD Compiliation - [https://www.stonking.info/gme](https://www.stonking.info/gme) + +• Insider Ownership – 23,704,787 + + [https://fintel.io/n/us/gme](https://fintel.io/n/us/gme) + +• Institutional Ownership – 151,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Fund Ownership – 40,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Shares Floated: + + [https://finviz.com/quote.ashx?t=GME](https://finviz.com/quote.ashx?t=GME) + +Retail Account Ownership sources + +• Fidelity Retail accounts – 25,500,000 + +• estimated +5,000/day from 2018 (1/2 of claimed 2019 daily increases multiplied by 2 years \[5 days \* 50 weeks) + + [https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657](https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657) + +• Vanguard Retail accounts – 7,500,000 + +• 25% of total investors + + [https://about.vanguard.com/who-we-are/fast-facts/](https://about.vanguard.com/who-we-are/fast-facts/) + +• Blackrock Retail accounts – 4,800,000 + +• Based on Fidelity’s average account size of $125,000 divided by the AUM for active retail on page 6 ($608,552,000,000) + + [https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html](https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html) + + [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf) + +• Charles Schwab Retail accounts – 29,600,000 + + [https://www.aboutschwab.com/Charles-schwab#:\~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts](https://www.aboutschwab.com/Charles-schwab#:~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts). + +• Robinhood Retail accounts – 13,000,000 + + [https://en.wikipedia.org/wiki/Robinhood\_(company)](https://en.wikipedia.org/wiki/Robinhood_(company)) + +• TD Ameritrade Retail accounts – 11,000,000 + + [https://www.tdameritrade.com/about-us.page#:\~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors](https://www.tdameritrade.com/about-us.page#:~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors). + +• E-Toro Retail accounts – 13,000,000 + + [https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5](https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5) + +• WeBull Retail accounts – 10,000,000 + + [https://investorplace.com/2019/09/webull-review-best-investment-apps/#:\~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions](https://investorplace.com/2019/09/webull-review-best-investment-apps/#:~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions). + +• T212 Retail accounts – 14,000,000 + + [https://comparebrokers.co/trading-212-review/](https://comparebrokers.co/trading-212-review/) + +• M1 Finance – 250,000 + + [https://www.listenmoneymatters.com/m1-finance-review/](https://www.listenmoneymatters.com/m1-finance-review/) + +Short Closing + +• Short closing to price increase ratios + +• Low End - 7,054,150 : $327.09 increase ($0.0000467/short) + +• High End – 7,054,150 : 160% Increase (0.0000227%/short) + + [https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme\_short\_percentage\_of\_float\_is\_117\_crunching/](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme_short_percentage_of_float_is_117_crunching/) + +Other + +• Current Most Valuable Companies - [https://fxssi.com/top-10-most-valuable-companies-in-the-world](https://fxssi.com/top-10-most-valuable-companies-in-the-world) + +• VW Short squeeze result - [https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028](https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028) + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) +Apologies if [this](https://www.abc.net.au/news/2022-07-20/homeless-crisis-million-homes-vacant-in-australia/101234424) ABC article has already been posted. + +There was one idea, repeated throughout the article, which really got under my skin.. + +>"We know of ratepayers from Canberra who have said they are putting their house on the market to help. They're doing it genuinely out of the kindness of their heart to benefit the community." + +Am I insane for thinking it ridiculous that Landlords are being "generous" in renting out their 2nd, 3rd, 4th holiday homes? They're getting paid, most likely a handsome mint, and local shire councils have to suck up to them with such gratuitously effusive language just to be able to house the homeless and staff warm bodies into coffee shops these Landlords frequent on their weekend away. How many hours does one of those warm bodies have to work in said coffee shop to pay these "generous" landlord their dues? +I currently make under 45k. My rent is increasing this year, cost of living in my area is increasing and I need a raise. + +What is the best way to approach this conversation with my manager? Also, what’s a decent percent increase that I should aim for? I will need to start the conversation above this percent because my employer will definitely push back. + +I’ve done nothing but work from home and save this past year. I don’t want to start eating away at what I’ve saved just because I won’t get a raise. + +I live within my means, but think I’m underpaid. Especially for my area. + + +Last October I bought my first rental property in Windsor (Canada) + +Here are the details + +**Purchase Details** + +* Buying Price: 160K +* Reno: \~4K +* Down Payment : 32K +* Closing Costs: \~4K +* **Total Cost of my project: 40K** + +**Monthly Numbers** + +* **Rent: 1,400\*** + + **Costs (monthly)** + +* Mortgage: 600 (300 goes towards my principal) +* Insurance: 100 +* Taxes: 100 +* Mis (repairs): 100\~200 + + **Cash Flow Monthly** + +* 400\~500 + +**Cash Flow + Equity Build Up (Monthly)** + +* 700\~800 + +**Annual Returns** + +* · CASH ON CASH ROI : 12% +* · Cash: 21% + +The Windsor in canada has appreciated like crazy. My SFH is roughly valued at 210\~215K + +Lessons Learnt + +* · Be Super conservative about the numbers. I used this calculator. It is free [https://www.calculator.net/rental-property-calculator.html](https://www.calculator.net/rental-property-calculator.html) +* · To determine the rent ask the property managers in the area. I also used kijji, face book groups etc +* · Don’t listen to most people. Most people are not real estate investor. They don’t have an idea of what real estate investing is. Be careful whom you listen to. +* · Don’t be too focused on the small things. When buying your first property you are bound to make mistakes. It’s okay. Just make sure you don’t make any big mistakes. Make sure you are getting a good deal and not over paying. Make sure your property can be rented. Don’t be too focused on lawyers fees, or inspection fees for the first property. + +I hope this help you! Anyone else in the game. Can y’all share your journey as well +**Join the Telegram for 24/7 support & daily AMAs -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have! - They encourage the transparency.** + +\--------------------- + +**When you think of the Binance Smart Chain what comes to mind?** + +When I think of BSC, the first things that pop into my head are moonshots, Ponzi schemes, and rug pulls... The one thing I haven't seen pop up yet is a legitimate business with real world products and mainstream media implementation. What **TacoCat** aims to achieve, is not only the moonshot aspect we all dream of and love, but it wants to revolutionize the way the mainstream media & investors view cryptocurrency as a whole. Whether you like it or not, times are changing and we are evolving technologically. Not only that, but it seems as if time is speeding up exponentially, and whether or not you attribute that to epigenetic evolution, or just a thing we all consciously feel, it's what's happening. What I'm trying to say is, you can either get on board, adapt with the changing markets, and learn along the way... OR... you can do what's comfortable, stay close minded, and be a sheep to the changes that are happening in the world. + +Elon Musk showed us that WE THE PEOPLE decided what has value. We saw GME first, DOGE second, and now **TacoCat**. Let these words marinate into your noggin as you either hop on board the metaphoric train, or sit back and watch as the train leaves the station. + +\--------------------- + +**Recap from the last post** : One of the devs has connections with some of the biggest names in the entertainment & business world. From what I understand, they aim to catapult this coin to DOGE levels in regards to mainstream attention, and that's not something that's every been done before in the crypto world with a brand to back it up. Understanding & grasping just how early on we are in this constantly evolving crypto space is the first step in realizing the potential this project has. The devs are the most genuine & transparent people of any project I've been a part of and I have unwavering confidence in their ability to take this project to otherworldly levels. + +This is fucking amazing & I encourage you to hop board now... Otherwise you'll be kicking yourself in the ass when your wife shows up on date night wearing **TacoCat** panties. + +**The investors mentioned above will be on the upcoming SatoshiStreetBets AMA currently in the works.** + +\--------------------- + +**🚀** **TacoCat** **🚀** + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Discord**](https://discord.gg/kwPG4edB) + +**🌮** [**Website Tacocat.Life**](https://tacocat.life/) + +**---------------------** + +Achievements in first 48 Hours + +\--------------------- + +* **PASSED** **~~5,000~~** **10,000 holders** +* **INSANE liquity stabilized at 20%-30%** +* **Listed on BogSwap &** [**Bogged.Finance**](https://bogged.finance/) +* **Successful Fair Launch - No presale so No snake whales** +* **Marketcap of** **~~$5 Million~~** **$20,000,000 just breached** + +\--------------------- + +**🌮 Community - Growing Quickly Come Join Us Cool Cats and Kittens in the** [Telegram](https://t.me/TacoCatCrew) **&** [Discord](https://discord.gg/XPQhnbwe) **Groups😺** + +\--------------------- + +**Taconomics? Like a Cat's 9 Lives there will be 9 % fees on Transaction** + +8% to liquidity pool + +1% to holders + +1,000,000,000,000 total tokens + +The wallets are SO evenly distributed : [**https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020**](https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020) + +**IMPORTANT - Good Liquidity is imperative to stable growth and control. It prevents whales from being able to manipulate the price & promises a safer investment long term.** + +\--------------------- + +**Locked Liquidity** + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +**🔥 100% LP tokens burned. 60% of all supply burned.🔥** + +**❗️ Just hit all time high with $2 million in liquidity ❗️** + +**---------------------** + +**✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020** + +**💵 Purchase on Pancake Swap:** [**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +**♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY** + +**💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS** + +**🔮 Contract Address 🔮**[**https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66**](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +**👌🏻 Ownership Renounced 👌🏻** +Struggling with this (as I’m sure many of us have) and looking for input.. As you’ve grown in your career, how have you combatted self doubt and imposter syndrome? + +I am a 30 year old dentist and practice owner living the Midwest, and my wife is a 30 year old physician assistant. No kids yet but trying to start soon. + +Right out of dental school in 2018, I took a big risk to start my own practice from scratch. After a few years of extremely hard work in and on the business, I have been very fortunate to see significant growth. + +In 2021, I will come close to netting 800k income before taxes, and combined with my wife that number will be around 925k. In 2017, our net worth was close to negative 850k with student loan and practice debt combined. Now it is around 2.5mil (with about 1 mil of that in index funds and a good majority in the valuation of the business.) The practice continues to grow. + +We are very efficient with our time at the office and I usually work 12-14 days a month clinically, with admin work sprinkled in here and there. + +What I am struggling with is the psychology of making, what is to me, so much more money than I have ever been accustomed to. I grew up lower-middle class. My wife and I don’t spend money on anything crazy, although we take lots of trips and spend money on things we care about. I truly truly keep my patients best interests at heart and I know we provide great value to them. + +Still, I sometimes struggle with the idea that I somehow don’t deserve what I have despite the years of sacrifice and hard work. I feel like an ordinary guy. Sometimes I become sad seeing service workers and other hourly workers working themselves to the bone and how they would probably kill to be in my shoes. I also struggle to see how this success can mesh with my Christian faith. + +I usually enjoy my days at the office, but I was not born to be a dentist. I could and would spend my time doing many other things if given the choice. + +I’m seriously considering therapy but not sure how to find a good one. I’d love to discuss together and talk about how one can deal with these issues as a high income professional. I am still very young in my career and success and hope to learn from you all who have been there before. + +Happy Thanksgiving! +The Bull is on the horizon and the atmosphere is set for next weekends launch into space. + +MoonBud is a rug-proof, community owned token with 100% liquidity locked and contract ownership renounced. + +The moonbud team is constantly active and only delivers ahead of schedule, in most recent headlines, their audit has been released a day early. You can see it here: [https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +In addition to a six figure donation to a doggo charity of the communities choice next weekend, the developers plan: + +\- Coingecko and CMC listings, already applied for + +\- Charity donations every weekend worth at **LEAST six figures** + +\- Developers will be doxxing themselves and recording charity donations in real life! A giant check will be presented + +\- Top tier NFT's + +\- Redesigned website built by professional web developers and graphic designers + +\- Huge marketing campaign that includes droves of top tier social media influencers on all platforms + +\- Governance Dapp + +Based off even a small analysis, Moonbud seems to have the **brightest future** of any project in the sea of charity and memetokens, a fully audited token **livestreaming** **six figure donations every week** sitting at a 2M market cap is truly a needle in a haystack. Not to mention the team will be fully doxxed. + +Links: + +Website(new one next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) or [https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA](https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) (v1) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Subreddit: r/MoonBud +The Bull is on the horizon and the atmosphere is set for next weekends launch into space. + +MoonBud is a rug-proof, community owned token with 100% liquidity locked and contract ownership renounced. + +The moonbud team is constantly active and only delivers ahead of schedule, in most recent headlines, their audit has been released a day early. You can see it here: [https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +In addition to a six figure donation to a doggo charity of the communities choice next weekend, the developers plan: + +\- Coingecko and CMC listings, already applied for + +\- Charity donations every weekend worth at **LEAST six figures** + +\- Developers will be doxxing themselves and recording charity donations in real life! A giant check will be presented + +\- Top tier NFT's + +\- Redesigned website built by professional web developers and graphic designers + +\- Huge marketing campaign that includes droves of top tier social media influencers on all platforms + +\- Governance Dapp + +Based off even a small analysis, Moonbud seems to have the **brightest future** of any project in the sea of charity and memetokens, a fully audited token **livestreaming** **six figure donations every week** sitting at a 2M market cap is truly a needle in a haystack. Not to mention the team will be fully doxxed. + +Links: + +Website(new one next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) or [https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA](https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) (v1) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Subreddit: r/MoonBud +There is no way he's not, but you know what is even more exciting for GME shareholders? That he has been able to keep restraint from talking about what is in the works. Cohen knows what they're launching needs to be PERFECT as it will be a target by SHFs on launch of the new platform. + +This is what excites me, the level of detail, cutting edge products, and time the Gamestop team will be putting into this project to make it ABSOLUTELY PERFECT ON LAUNCH is incredibly exciting to me as a shareholder of the company. + +RC and Gamestop's team, take all the time you need, I'm happy to wait and ride through dips and peaks because the price doesn't matter and I know what's coming will be huge. +Ummm does anyone else remember Gabe P Saying to congress he covered his short position back in Feb? Should we be contacting Congresswoman Maxine Waters about this news today? I bet some wrinkle brain out there can calculate the gains and LOSSES Melvin has been reporting match up perfectly with the rises and falls of GME's share price. What do you say we try and get Gabe P back in front of the House finance committee? + +I'll leave this here: + +[https://twitter.com/RepMaxineWaters?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/RepMaxineWaters?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +EDIT 5: + +Okay so I went back and rewatched everything Gabe said back in Feb during the first hearing. Here is what I could identify as important. + +[https://www.youtube.com/watch?v=RfEuNHVPc\_k&t=17423s](https://www.youtube.com/watch?v=RfEuNHVPc_k&t=17423s) + +00:19:57 + +Gabe goes under oath + +00:30:00 + +Gabe begins his opening statement..."in fact Melvin closed out all of it's positions in gamestop days before the platforms put those limitations in place." (Can some ape dig through the data and see if we can prove that to be a lie? If it were true we would have mooned back in Jan. All that happened in Jan was a Gamma Squeeze which I understand is driven by call options etc... not covered shorts. Solid evidence here would be nice.) + +00:34:06 + +"In the frenzy during January Gamestop stock rose from $17 to a peak of $483...... When this frenzy began Melvin started closing out it's position on Gamestop at a loss. (Notice him looking up at a lawyer just off camera lol) + +01:43:13 + +Rep Blaine Luetkemeyer (MO-3) "Mr. Plotkin you made the comment in your testimony a minute ago that you were not trying to manipulate stock. Yet if your short selling a stock 140% um for me on the outside looking in, it looks like that's exactly what you're doing. Explain to me why that's not manipulating the stock?" + +Gabe..."Thank you congressman um for us. I can't speak to other people that were short. Any time we short a stock we locate a borrow. Our systems actually forces us to find a borrow so we always you know short stocks within the context of all the rules." + +01:53:36 + +Gabe..."We run a long short portfolio, the majority of our investments are long investments, but we also have short investments to hedge out market risk." + +03:43:12 + +Gabe...."Umm look I think to some degree markets are self correcting. You know moving forward stocks. I don't think you're going to see stocks with the kind of short interest levels that we saw prior to this year. I don't think investors like myself want to be susceptible to these type of dynamics. (Aren't you only susceptible because the SI is 140%? which implies naked shorts. If they still bleeding then those shorts ain't covered) I think there will be a lot closer monitoring of message boards...." (Hi shills.) + +04:54:41 + +Gabe..."Yeah, hi ahh thank you for the question. you know I, I think ah, I mean I don't have the exact answer to your question. I do think it's worth noting that, you know as the stock price moved higher, you know, there was a three day period where it traded almost 11 times the entire float and so I think that kind of volume gave anyone who was short ample opportunity to cover and probably suggests tremendous either frenzy buying or institutional buying or some sort of combination. We did look at some of the options activity in the stock and you know on friday January 22nd there was options that were expiring that would have equated to 35 to 45 million shares of stock ownership. So I actually don't think the short covering was the biggest driver of the stock. When you kind of look at the volume I kind of think the biggest driver was the aggressive options activity, Umm and then wether it was institutional or retail, just the collective buying." + +okay interpret what you will and do as you want. Hope this helps Apes. + +EDIT 1: Gabe stated in his testimony that they closed all their gme position. + +[https://www.washingtonpost.com/context/testimony-of-gabriel-plotkin-founder-of-melvin-capital-management/8882e0d9-a683-4392-bc2e-87e56ba43baf/](https://www.washingtonpost.com/context/testimony-of-gabriel-plotkin-founder-of-melvin-capital-management/8882e0d9-a683-4392-bc2e-87e56ba43baf/) + +credit goes to u/[omishikenshin](https://www.reddit.com/user/omishikenshin/) + +&#x200B; + +EDIT 2: Here is a list of all the members of the [U.S.House Committee on Financial Services](https://financialservices.house.gov/about/committee-membership.htm). If one of them is your congress person pick up the phone and give them a call. They don't read emails. + +[https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +&#x200B; + +EDIT 3: Is there a wrinkle brain out there who knows how to calculate the reported losses against the GME share price? Being able to show a correlation would be nice. A clean graph or something might make getting congress on board easier. + +&#x200B; + +EDIT 4: Wow apes thank you so much for the awards. Seems like the community likes this idea. + +1st: Okay well in my opinion getting congress to act takes a lot of consistent PUBLIC pressure. I've listed the congress people in the committee, take some time and do a little DD if one of them represents you. You'll want to find the phone # for both their Washington office as well as there local state office. Congress people travel back and forth a lot so you want to hit them in both places. You will likely just speak to an aid (that's okay) so leave a message with them and follow up a few days later to make sure your message reached them. + +2nd: Some news coverage would help, but I like you don't trust the MSM. However there might be one exception. The Hill. + +As you can see from these examples they have understood and sympathized with us since back in January: + +[https://www.youtube.com/watch?v=atHMYQtunF0&t=483s](https://www.youtube.com/watch?v=atHMYQtunF0&t=483s) + +[https://www.youtube.com/watch?v=zTT4it\_f7Jc](https://www.youtube.com/watch?v=zTT4it_f7Jc) + +If we could get them to call this out in one of their segments that would apply a ton of pressure on the House Finance committee to act, + +Here is there twitter info: + +[https://twitter.com/thehill](https://twitter.com/thehill) + +[https://twitter.com/esaagar?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/esaagar?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +[https://twitter.com/krystalball?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/krystalball?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +Go forth ape army and make some noise! + +&#x200B; + +EDIT 6: This is not legal or financial advise. You can do whatever you want. I'm just organizing information in one spot so people can do what they believe is right. + +&#x200B; + +EDIT 7: This is what I mean can we some how use math to prove Melvin never covered in Jan and thus lied in Feb during the hearing? u/rensole Got any wrinkles for us? lmao. How about u/Atobitt ? + +Credit goes to u/[aoechamp](https://www.reddit.com/user/aoechamp/) + +"It makes perfect sense. They doubled down and shorted on the way down in Jan. This resulted in 20% gain (from their all time low) in Feb. Now the stock is up 400% from feb, and they’re down 50%. + +Another 2x would be in the $400-$500 range which aligns with the last peak and the expectations of where the margin calls begin." + +&#x200B; + +EDIT 8: Some wisdom from the past + +# “In this age, in this country, public sentiment is everything. With it, nothing can fail; against it, nothing can succeed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions.” + +― **Abraham Lincoln** + +&#x200B; + +EDIT 9: 13F filing on 5/17 could shed some light on this. + +Credit goes to: u/[Ok\_Entrepreneur\_5833](https://www.reddit.com/user/Ok_Entrepreneur_5833/) + +"Well I mean that's public knowledge, although it isn't updated often enough and hopefully one day will be as a result of all this since we (apes) demand transparency going forward. + +[https://www.insidermonkey.com/insider-trading/company/gamestop%20corp/1326380/](https://www.insidermonkey.com/insider-trading/company/gamestop%20corp/1326380/) + +This is the latest we have. So when they update the 13F filing again, which is 5/17 we'll know one way or the other. Until then we will not know." + +&#x200B; + +EDIT 10: Can't seem to cross post to r/wallstreetbets Maybe I don't have enough karma? Would someone being willing to cross post this for me? open up the debate to a bigger community? + +&#x200B; + +EDIT 11: This is the way. + +credit goes to: u/Mardanis + +"You lot are like the government going after Al Capone.. fine we can't get you on murder, extortion and rackets so will find something. Boom! Tax evasion! Except this time its lying under oath." + +&#x200B; + +EDIT 12: Why should we bring congress into the picture? PROS/CONS list + +PROS + +HF have to pay for lawyers, draining them of financial resources that would otherwise be used to delay the MOASS or short attack us. + +Public pressure and transparence makes DTCC nervous and they Margin Call Melvin and friends. + +News coverage triggers FOMO which increase size of Ape army and triggers MOASS + +Congress realizes how much TAX revenue the MOASS will generate and what that would mean for their own re-election effort. They pressure the SEC, the SEC fines Melvin and friend further draining their resources and increasing the speed at which we reach MOASS. + +Our collective knowledge after having gone through this these past months is made public and is used to reform the markets in a way that makes them fairer for retail. + +The complete corruption that is the SEC becomes obvious and triggers calls for a reform of the organization itself. + +The House Committee on Finance decides to make an example of Gabe to help them look good in the eyes of voters (because they hold the smallest of majorities in both house and senate) and they follow through and charge him with perjury like they did to Michael cohen and we all get to watch Gabe P marched off in hand cuffs while we collect our tendies. + +Nothing happens except Kenny G and Gabe P shit themselves harder than they already have been. + +&#x200B; + +CONS + +Congress does nothing and we're back where we started. + +The parties decide to take sides and this becomes a partisan issue (If we didn't have one party in control of the house, senate and white this might be a serious issue to consider, but in my opinion under the current conditions this wouldn't amount to more then a few 24 hour news cycles on the cable channels. Which would create some FOMO which I still consider a plus. Who doesn't want more Apes?) + +This Galvanizes the other HF and they unit behind Melvin and citadel to crush us and remove us a threat. (If that were going to happen I believe it already would have. I don't think these HF like each other very much. Many of them might be applauding the financial death of a serious rival. Just my take.) + +CNBC gets mad and starts coming after us even more than they have already. (Bring it Cramer, I ain't afraid of your bald ass.) + +&#x200B; + +EDIT 13: So every indication I've seen about the Jan pop was that it was a Gamma Squeeze. My understanding is that a Gamma Squeeze is driven by call options and high volume. If Melvin had honestly covered or "closed" in any way we would have mooned. All the DD I've read points to them reseting FTDs (which maybe could be argued that means it was closed) and doubling then tripling down to shake paper hands and push us down to $40 in Feb. This idea the Gabe P did cover and wasn't lying then for some dumb ass reason decided to re-short GME after the hearing I think is silly. Why walk back into a trap that you escaped and or passed off the citadel? + +Oc·cam's ra·zor/ˌäkəmz ˈrāzər/*noun* + +1. the principle (attributed to William of Occam) that in explaining a thing no more assumptions should be made than are necessary. The principle is often invoked to defend reductionism or nominalism. + +The simplest answer is that he lied because he was trying to bluff us at the time and was hoping we would paper hand and walk away, we didn't. If we had no one would have bother to look deeper and call him on his BS. + +&#x200B; + +EDIT 14: CLOSED VS COVERED + +okay there is a growing feeling in the community that thanks to his lawyers most likely; Gabe said 'Closed' not 'covered' and thus this will somehow let him loop hole his way out. + +So? Shouldn't he clarify that under oath? They're toying with our economy/our lives like it means nothing. They kill business we love just so they don't have to pay taxes on their investments. They crashed the world economy in 2008 and as we have all come to see they are preparing to do it again with US treasury bonds. They bring no value to society. Like a tick the just suck resources out of us so they can buy absurd apartments in the sky to better look down on the rest of us. I want them answering question in front of congress everyday. But then that's you know, like my opinion man. and this is just a "Discussion" as the flair so clearly displays. + +&#x200B; + +EDIT 15: CONGRESSIONAL INCOMPETENCE AND THE CYNICAL PERSPECTIVE + +Is congress filled with idiots? ///Yes, but even idiots know how to work to their own self interest. So we make it in their own self interest. Also Congress is filled with Human beings that juggle multiple committee jobs on top of the local stuff in their state. They only have soo much attention to give to any particular issue or topic. -- For example -- those of you who watch Andrew Mo Money probably are aware that he just got an interview with Congressman Ro Khanna. Andrew was smart enough to bring the man the myth the legend u/Atobitt with him. Watch the video and see how the congressman react to u/Atobitt questions and comments. He had no idea what was going on or how massive it was. (He also look exhausted as fuck probably did this after some four hour long kabuki theater routine on some committee he came off of) If congress isn't acting they way you want it might be as simple as their just to busy and or ignorant to whats going on beneath the surface. Admit it, you had no idea either until you found this beautiful community of apes to explain it to you. Maybe we should take the community and it's knowledge to them? Food for thought. + +[https://www.youtube.com/watch?v=sKnXneFUbxU&t=3s](https://www.youtube.com/watch?v=sKnXneFUbxU&t=3s) + +Is congress on our side? ///Depends on the context. If they can benefit from something they WILL consider it. It all flows back to how the general public with feel about it. Sentiment is key. This community and others like it have a pretty galvanized sentiment on what's happening with GME and why and last I checked there were 9.8 million apes on WSB. + +Will Congress protect Gabe P and Kenny G? ///Congress has plenty of lobbyist kissing their collective asses. They don't NEED Melvin or Citadel for anything really because they are easily replaceable by another HF that wasn't stupid enough to take on Reddit. + +What if I don't like the party in charge? ///You don't need to agree with a politician in order to compel them with speech. It's literally their job to listen to their constituents wether they voted for them or not. Never forget that they are our employees, our taxes pay there bills. We don't care what's convenient for them only that they do their job and act to improve our way of life and preserve the American Dream. + +How do we make it in congresses self interest? ///Call them and explain what you know. Synthetic shares and all. Remind them you are their constituent and that mid terms are fast approaching. One bad race could tip the scales of congress in a way they wouldn't like if they were seen to be on the side of HF and not a voter. Explain the 'Everything Short' and the threat of a 2008 repeat while on their watch. EXPLAIN IN DETAIL THE MOASS AND JUST HOW MUCH TAX REVENUE THAT WOULD GENERATE. who knows if you do a good job they might just go out and buy some GME themselves. + +Wouldn't it be naive to trust such a corrupt organization as congress? ///The good thing about corrupt organizations is the lack of loyalty. Just ask the FBI, turning one mobster against another sometimes is pretty easy. HF haven't done themselves any favors and it is a huge political risk for politicians to be 'openly' associated with them. The fact that there are only a few HF who have been caught in our diamond handed trap means the vast majority of other HF and MM will go on uninterrupted. Again Melvin and Citadel are replacable and politicians what and need to be on TV to build their own self serving profile in the eyes of the public. Even a corrupt man can be made to do the right thing so long as there is some kind of benefit. + +OKAY I'LL END THIS EDIT WITH ANOTHER FAMOUS QUOTE + +‘Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed it has been said that democracy is the worst form of Government except for all those other forms that have been tried from time to time.…’ + +Winston S Churchill, 11 November 1947 + +&#x200B; + +EDIT 16: FAMOUS APES WALK AMONG US + +credit to u/buttfarm69 + +"Completely agree. I think the problem is just that the information we have isn't reaching the people who can make legislative changes, or they aren't looking. We've got a lot of obstacles working against us so I am not confident that we will see jail time for these fuckers until many years from now once all the underlying pieces come to light. I just hope that the market mechanics work as intended because we are due our tendies." + +&#x200B; + +EDIT 17: QUOTES FOR DAYS + +Alexey Navalny + +(The only guy with balls bigger than DFV. After Putin failed to kill him with poison he flew back to russia just to show he wouldn't be scared off. This is what he said in court as he was being charged with a made up crime.) + +"The government and the system are trying to tell those people, "you're alone." The government's task is to scare you and then persuade you that you are alone. It's important not to feel lonely, because if I were Voldemort, I would like you to feel lonely. Obviously our Voldemort (Putin) in his palace also wants it. As another outstanding philosopher of our times, Rick Sanchez (from"Rick and Morty") said, "to live is to risk it all. If you don't risk, you're just an inert chunk of randomly assembled molecules drifting wherever the universe blows you." Just imagine how wonderful life would be without constant lying. Imagine how great it would be to work as a judge when a phone call justice doesn't exist, no one calls you, and you're just a cool judge with a big salary, bigger than you have now, you're a respected pillar of the society, no one would be able to call you and give you directions about what verdict to issue....We are a very unhappy country and we can't get out of this vicious circle of unhappiness. But we want it so much. That's why I suggest we change a slogan and we don't just say that "Russia has to be free." but also that "Russia has to be happy." Russia will be happy. I'm done." + +For the pessimists out there who think action from congress is unlikely. How likely did you think the MOASS was back in NOV or DEC? Look where things are now? Just cause something is unlikely doesn't mean you shouldn't try. +1. If anyone of you invest in REITs what has been you learning? +2. What the things to check before investing? +3. What is an ideal % of your portfolio that you should invest? +4. I saw a video of Mr Warikoo and he suggested three investments - Embassy, Brookfield and Mindspace - are there any others available? + +Update: + +Links to all REITs available: + +1. [https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/embassyofficeparksreit/EOP](https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/embassyofficeparksreit/EOP) +2. [https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/brookfieldindiarealestatetrust/BIR](https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/brookfieldindiarealestatetrust/BIR) +3. [https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/mindspacebusinessparksreit/MBP02](https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/mindspacebusinessparksreit/MBP02) + +For Taxation: + +[https://www.thegalacticadvisors.com/post/reit-taxation](https://www.thegalacticadvisors.com/post/reit-taxation) +I got married last year, and my husband and I agreed not to combine our finances. Our primary reason for keeping it separate was that his net worth and annual income (comprised of salary and company stock) far exceeded mine. For example, my annual W2 is about $100k and his is around $1.5-2M. + +However, we decided that, instead of combining our finances, he would help me contribute to my retirement/fatFIRE goals by giving me a lump sum of money per year. With this, I could save, invest, or spend as I want (most of it goes into a taxable account, as I can max out my traditional retirement accounts on my own). + +I’m curious - for those of you in this situation with an incredibly large income gap in your relationship, whether you're the higher or lower income earner, what did you end up doing? Combining accounts and calling it a day? If not, was there some type of mutual agreement on a financial compromise? + +I'm also hoping people don't see this as a money grab, as this is not what I want at all. This is also the reason why I agreed not to combine our finances - I didn’t want him to feel like he had to fully share his wealth 50/50, nor did I expect him to. But this is what we came up with. Would love your thoughts. + +... + + +Update 11/9/19: Thank you all for taking the time to comment on this thread and provide me with additional info and perspectives I need to think through. I've read every single comment thus far, and I really appreciate the personal examples you've shared and the tough questions asked. + +It's clear to me that, although my husband and I had our own financial compromise, California law says that we are a single unit and we share everything equally. We will need to have further discussions on our financial situation, and I will keep all your comments in mind. Thanks! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Let me know in the comments (with sourcing!) -- See Providing Sourcing section below! + +# 🟢 CORRECTLY HANDLED + +* Avanza 🇸🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wf9231/avanza_swedish_broker_confirms_that_they/) +* BMO Wealth Management [\[1\]](https://www.reddit.com/r/GMECanada/comments/wg58y7/i_emailed_bmo_about_how_they_handled_the/) +* Bolero 🇧🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjynje/divisplit_response_by_belgian_broker_bolero/?utm_medium=android_app&utm_source=share) +* CIBC 🇨🇦 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjlzs4/canadian_broker_cibc_confirms_they_received_stock/) +* ComputerShare [\[1\]](https://www.reddit.com/r/Superstonk/comments/wdpx26/i_got_the_answer_directly_from_cs_it_was_a/) +* Disnat 🇨🇦 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjpso1/canadian_broker_disnat_confirms_the_stock_split/) +* Fidelity [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wdlhvp/fidelity_confirms_that_they_are_handling_the_gme/) \[X\] [\[3\]](https://www.reddit.com/r/Superstonk/comments/wjd68b/made_a_previous_post_but_was_premature_hate_when/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/wjilfm/the_most_concise_answer_ive_gotten_from_fidelity/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/wjg53q/fidelitys_current_response_to_the_dividend/) [\[6\]](https://www.reddit.com/r/Superstonk/comments/wjgnfz/fidelity_answered_the_splividend_questions_shares/) [\[7\]](https://www.reddit.com/r/Superstonk/comments/wjev2d/i_asked_fidelity_about_my_shares_via_the_chat/) [\[8🟡\]](https://www.reddit.com/r/Superstonk/comments/wiwlaf/fidelity_split_data_point/) +* Freetrade 🇬🇧 [\[1\]](https://www.reddit.com/r/Superstonk/comments/weg6q8/from_freetrade_in_the_uk/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wfdym2/freetrade_response_to_the_split/) +* Hargreaves Lansdown [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjfmwa/hargreaves_lansdowns_stock_split_process_makes/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/whxfnt/hargreaves_lansdown_response_to_splividend/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/webz7d/hargreaves_lansdown_seems_to_have_handled_the/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/webxou/hargreaves_and_lansdown_confirm_they_received_new/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/weo8ja/this_was_hargreave_lansdowns_response_we_have_not/) [\[6\]](https://www.reddit.com/r/Superstonk/comments/wecj4u/asked_my_broker_how_the_split_was_distributed/) [\[7\]](https://www.reddit.com/r/Superstonk/comments/wj6d9s/after_gamestops_announcement_end_of_last_week_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +* Merrill Edge / Merrill Lynch [\[1\]](https://www.reddit.com/r/Superstonk/comments/wi37pw/merrill_edge_has_posted_my_gme_shares_as_stock/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wdxjoe/it_was_a_dividend_according_to_merrill_lynch_usa/) +* NordNet 🇳🇴 [\[1\]](https://www.reddit.com/r/Superstonk/comments/we5zat/asked_norwegian_broker_nordnet_about_how_they/) [\[2\]](https://reddit.com/r/Superstonk/comments/wfez5x/nordnet_makes_its_own_post_on_shareville_stating/) +* Scalable Capital 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjwy03/german_broker_scalable_capital_handled_the_split/) +* Sharesies 🇳🇿 [\[1\]](https://www.reddit.com/r/Superstonk/comments/weqtju/chaos_of_misunderstanding_splividend_new_zealand/) +* TD Direct Investing [\[1\]](https://www.reddit.com/r/GMECanada/comments/why8rh/td_did_do_the_split_reverted_back_and_now_has/) +* Trade Republic 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjhesb/statement_from_the_german_broker_traderepublic/) + +# 🟡 INCONCLUSIVE + +* Apex Clearinghouse (Webull / SoFI) [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wdojfs/sofi_apex_clearing_may_also_be_treating_the_41_as/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wdte39/webull_apex_says_its_basically_a_split_i_asked/) [\[3🟡\]](https://www.reddit.com/r/Superstonk/comments/wjec8j/webull_points_finger_at_gamestop_in_first/) +* BMO Wealth Management [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wdohf1/i_just_requested_evidence_that_i_received_a/) +* Capital.com [\[1🟡🔗\]](https://imgur.com/a/4BSaYpK/) +* CommSec international Australia 🇦🇺 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/we5jns/comsec_international_cannot_confirm_or_provide/) +* Den Norske Bank 🇳🇴 [\[1🔴\]](https://www.reddit.com/r/Superstonk/comments/we68of/update_to_system_is_broken/) [\[2🟢\]](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) +* DriveWealth (Stake^(a) / Revolut^(b)) 🇦🇺 [\[1🔴\]](https://www.reddit.com/r/Superstonk/comments/wj19a3/response_from_stake_australia_regarding_slividend/) [\[2🟢\]](https://www.reddit.com/r/Superstonk/comments/wiux7w/how_australian_broker_stake_is_handling_the/) [\[3🔴\]](https://www.reddit.com/r/Superstonk/comments/widgbm/drivewealth_support_confirming_they_actioned_it/) [\[4🟢\]](https://www.reddit.com/r/Superstonk/comments/wic6lq/revolut_saying_it_was_a_stock_split_in_a_form_of/) [\[5🟢\]](https://www.reddit.com/r/Superstonk/comments/wk2b40/stake_i_asked_those_2_questions_regarding_the_gme/)^(a) [\[6🟢\]](https://www.wykop.pl/cdn/c3201142/comment_1660024247TbYOBMsaJRR35E0MvqCAlV.jpg)^(b) +* iTrade [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wjdlw9/on_july_22_i_emailed_my_broker_regarding_the/) +* Questrade 🇨🇦 [\[1🔴\]](https://www.reddit.com/r/Superstonk/comments/wec6ii/canadian_here_questrade_confirmed_it_was_a_4_to_1/) [\[2🟢\]](https://www.reddit.com/r/Superstonk/comments/wjazgh/canadian_ape_questrade_seems_to_have_processed/) [\[3🟢\]](https://www.reddit.com/r/Superstonk/comments/wi2qrf/questrades_response_re_gme_splividend/) +* Royal Bank of Canada 🇨🇦 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/whw1wx/canada_apes_and_rbc_user_i_contacted_rbc_who/) +* TD Ameritrade [\[1🟢\]](https://www.reddit.com/r/Superstonk/comments/wjfl3d/tdas_response_to_splitdiv/) [\[2🟢\]](https://www.reddit.com/r/Superstonk/comments/wjf8tp/td_direct_investing_canada_claims_the_split_was/) [\[3🔴\]](https://www.reddit.com/r/Superstonk/comments/wjb3uy/tda_message_center_rep_on_how_they_processed_the/) [\[4🔴\]](https://www.reddit.com/r/Superstonk/comments/wiglk5/tda_response_to_my_question_about_a_forward_split/) [\[5🔴\]](https://www.reddit.com/r/Superstonk/comments/wdq0e0/chat_logs_from_tda_confirming_dtcc_told_them_to/) [\[6🔴\]](https://www.reddit.com/r/Superstonk/comments/wec1mf/a_letter_from_my_broker_after_an_inquiry/) [\[7🟢\]](https://www.reddit.com/r/Superstonk/comments/wfcdx0/i_have_received_the_update_from_tda_about_the/) [\[8🟢🔗\]](https://i.imgur.com/5qeYQZr.jpg) + +# 🔴 MISHANDLED + +* Belfius 🇧🇪 [\[1\]](https://imgur.com/a/0KgnntW) +* Charles Schwab [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wjghwa/schwab_straight_split/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wjebw3/schwab_did_not_process_the_dividend/) [\[3🟡\]](https://www.reddit.com/r/Superstonk/comments/wi8b3g/havent_seen_much_about_schwab_us_yet_i_left_a_few/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/wit7v1/schwab_live_chat_about_stock_dividend/) +* Chase YouInvest [\[1\]](https://www.reddit.com/r/Superstonk/comments/wje89u/jp_morgan_chase_confirmed_not_processed_as/) +* Comdirect 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wdhh8h/german_broker_comdirect_says_that_the_dtcc_told/) +* DeGiro [\[1\]](https://www.reddit.com/r/Superstonk/comments/wiqfn2/dutch_ape_could_use_some_help_so_degiro_also_did/) +* Etoro [\[1\]](https://www.reddit.com/r/Superstonk/comments/wejzwc/etoro_confirms_they_simply_split_existing_gme/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/whkpzl/etoro_blatantly_admitting_they_did_a_stock_split/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/w56rt6/for_etoro_and_other_brokers_it_is_not_a_split/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/w2g7kr/etoro_are_going_to_be_doing_a_stock_split_not_a/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/ttoruf/etoro_response_for_stock_dividend_after_a_stock/) +* Firstrade [\[1\]](https://www.reddit.com/r/Superstonk/comments/wglsim/confirmation_from_firstrade_they_do_stock_split/) +* Hang Seng 🇭🇰 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wfyj7y/this_is_worldwide_hang_seng_banks_one_of_hong/) +* HSBC 🇹🇼 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjbwt6/hsbc_is_fucked_just_got_confirmation_taiwan_didnt/) [\[2🔗\]](https://ibb.co/85ypyvk) +* IG 🇬🇧 [\[1\]](https://www.reddit.com/r/GME/comments/wisuww/proof_that_ig_uk_implemented_it_as_a_stock_split/) [\[2\]](https://i.imgur.com/e0Yb8Zd.jpg) +* ING 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wj484z/i_confronted_my_german_broker_with_the_gamestop/) +* iWeb 🇬🇧 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgz181/my_broker_pretty_much_just_told_me_to_go_eff/?utm_medium=android_app&utm_source=share) +* Interactive Broker [\[1\]](https://www.reddit.com/r/Superstonk/comments/wdv1m0/just_got_off_the_chat_with_a_rep_from_ib_split/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wehft4/ibkr_uk_may_have_done_a_normal_forward_split_not/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/wktpmc/so_ibkr_singapore_processed_splivy_as_stock_split/ijpgeyb/) +* Lloyd's Banking Group 🇬🇧 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgz181/my_broker_pretty_much_just_told_me_to_go_eff/) +* National Bank of Canada 🇨🇦 [\[1\]](https://www.reddit.com/r/Superstonk/comments/wgwk2r/canadian_brokerage_also_admitted_to_providing_a/) +* RobinHood [\[1\]](https://www.reddit.com/r/Superstonk/comments/wiqzxs/holy_shit_got_this_from_a_friend_of_mine_who/) +* Saxo SG [\[1\]](https://www.reddit.com/r/Superstonk/comments/wj2ojs/received_official_reply_from_saxo_sg_they_did_a/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wf86vy/answer_from_saxo_confirming_they_followed_the/) [\[3\]](https://reddit.com/r/Superstonk/comments/wdrl17/i_contacted_saxo_to_ask_how_they_handled_the/) [\[4🔗\]](https://www.help.saxo/hc/en-gb/articles/6190790003997-GME-Share-Split-FAQ) [\[5\]](https://www.reddit.com/r/Superstonk/comments/w5afg3/saxo_bank_sold_my_shares_and_purchased/) +* S Broker 🇩🇪 [\[1\]](https://www.reddit.com/r/Superstonk/comments/we44m1/my_shares_are_back_but_as_a_split/) +* S.B.I. Securities **🇯🇵** [\[1\]](https://www.reddit.com/r/Superstonk/comments/wky3uu/sbi_securities_broker_splividend_mishandle_w/) +* SwissQuote / Post Finance [\[1\]](https://www.reddit.com/r/Superstonk/comments/wf2mef/swiss_apes_its_time_to_take_action_swissquote_and/) +* Trading 212 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wj3lty/so_t212_treated_the_splivy_like_a_normal_stock/) [\[2\]](https://www.reddit.com/r/Superstonk/comments/wg4ak1/t212_confirms_they_do_not_act_on_our_own_accord/) [\[3\]](https://www.reddit.com/r/Superstonk/comments/wf6fhz/t212_confirming_i_received_additional_shares_and/) [\[4\]](https://www.reddit.com/r/Superstonk/comments/wdvnit/trading_212_confirms_traditional_stock_split_for/) [\[5\]](https://www.reddit.com/r/Superstonk/comments/wdon7r/trading_212_have_confirmed_they_executed_the/) [\[6🟡\]](https://www.reddit.com/r/Superstonk/comments/wedf6y/t212s_response_to_the_stock_split_matter/) [\[7🟡\]](https://www.reddit.com/r/Superstonk/comments/wjjvcn/chatted_to_trading_212_to_see_where_my_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [\[8\]](https://www.reddit.com/r/Superstonk/comments/wjzlz3/never_forget_t212_cant_even_get_the_stock/) [\[9\]](https://www.reddit.com/r/Superstonk/comments/wdpss1/its_not_just_germany_trading212_in_the_uk_also/) +* Vanguard [\[1\]](https://www.reddit.com/r/Superstonk/comments/wjcli4/vanguard_coded_it_as_a_forward_split_and_theyre/) +* WealthSimple 🇨🇦 [\[1🟡\]](https://www.reddit.com/r/Superstonk/comments/wjhuh5/wealthsimple_update_they_received_shares_from_the/) [\[2🟡\]](https://www.reddit.com/r/Superstonk/comments/wjarho/did_the_dtcc_deliver_our_4for1_shares_to_the_cds/) [\[3🟡\]](https://www.reddit.com/r/Superstonk/comments/wifelw/mapleape_here_sharing_my_convo_with_wealthsimple/) [\[4🔴\]](https://www.reddit.com/r/Superstonk/comments/whbex8/canada_apes_wealthsimple_just_confirmed_that_gme/) [\[5🔴\]](https://www.reddit.com/r/Superstonk/comments/wg8wuc/apes_this_is_huge_canadian_broker_actually/) [\[6🟡\]](https://www.reddit.com/r/Superstonk/comments/wjkfkk/discussion_with_wealth_simple/) + +# ⚫ Needs Sourcing + +* CGD 🇵🇹 +* DBS +* Deutsche Kreditbank 🇩🇪 +* Erste Bank 🇦🇹 +* Etrade +* Fidelity (A lot of responses saying they didn't handle correctly) +* FinecoBank 🇮🇹 +* Flatex 🇦🇹 +* Futu +* Hatch Invest 🇳🇿 +* MooMoo +* Nordea +* Northern Trust Company +* Renta 4 🇪🇸 +* QTrade +* Scocia iTrade +* Self Wealth 🇦🇺 +* Smart Broker +* Trade Republic (Rumors of Split ➡️ Splivy ➡️ Back to Split) +* Volksbank 🇩🇪 + +# ℹ️ General Information + +First off, THANK YOU EVERYONE for obliterating my inbox with sourcing and helping me make this list the best it can be! + +I wanted to provide some general knowledge about how this *should* be processed as it keeps coming up in comments / DMs. There are two basic types of stock splits. + +1. Forward Stock Split (You have 1 share that becomes 4) +2. Reverse Stock Split (You have 4 shares that become 1) + +Gamestop filed this corporate action as a stock split in the form of a stock dividend. The DTC should distribute the shares down to your broker and those shares should be deposited into your account. + +This is different than a "common" or "regular" stock split where your broker goes into your account and administrativly multiples your shares by 4 without receiving shares from the DTC. + +Both are technically a forward stock split. + +Each broker will have differences on how their system will show either one of the scenarios above. + +# ℹ️ Providing Sourcing + +Want to help out by providing sourcing for a broker? Here are the guidelines needed to provide clear sources to definitively filter where a broker should live in the list. + +The source should + +* Have original source material such as + * Emails + * Chats + * Documents +* Confirm how the splividend was processed (see General Information) +* Not contain any PII (Personally Identifiable Information) + * Please crop or black out your PII +* Have an accompanying English translation if in another language +* Be a publicly linkable source such as + * Another Superstonk post + * Not from another subreddit (Superstonk automod will delete) + * Imgur post or related service + +To be added as a source, please either comment on this post with the relevant information or DM me with it. If you have any questions on the conclusivity of your source, feel free to reach out and i'll help vet it. Appreciate all your collective efforts! + +&#x200B; + +EDITS: + +1. Added IG to Mishandled +2. Added Nation Bank of Canada to Mishandled +3. Supplement Sources +4. Added NordNet to Correctly Handled +5. Moved Questrade to Mixed for now as more sourcing shows it has been handled properly +6. Combined HL and Hargreaves Lansdown +7. Additional Sourcing (Fidelity / WealthSimple) +8. Added iWeb to Mishandled +9. Added Apex (webull / sofi) to Mixed; Additional Sourcing +10. Combined Revolut with Drivewealth and placed in Mixed. +11. Added Needs Sourcing section +12. Added CIBC to Handled Correctly with sourcing +13. 🟢TDDI; ⚫DBS; ⚫Etrade; ⚫Fidelity; ⚫Self Wealth 🇦🇺; ⚫Smart Broker; ⚫TD Canada 🇨🇦; Changed description to better describe purpose of post; Unabbreviated some names. +14. 🔴Chase YouInvest; 🟡CommSec international Australia (Inconclusive) +15. Reviewed Charles Schwab and marked a few sources as inconclusive, added a 4th showing that it was a forward stock split; ⚫CGD 🇵🇹 +16. Removed Fidelity Source #2 post as it was deleted; Revetted Fidelity sources and marked anything as inconclusive. Added more sources as I tried finding something that Fidelity processed as a forward split. +17. 🔴Den Norske Bank (Handling Splivy as Taxable) +18. ~~I'm tired boss, I need to rest for a few. Will read through notifications and continue updating when I return. :)~~ +19. 🟢Merrill Edge / Merrill Lynch; 🟢➡️🔴WealthSimple (Revetted sources / Added New - Processed as forward split); ⚫Northern Trust Company +20. Finally looked up at the shit ton of awards! Thank you all! +21. 🔴S Broker; ⚫Nordea; ⚫Erste Bank; 🟢Disnat +22. 🟢➡️🟡Royal Bank of Canada (Seems to be some debate, needs more evidence) +23. ⚫Deutsche Kreditbank 🇩🇪; ⚫Renta 4 🇪🇸; 🟢Bolero 🇧🇪; ⚫Hatch Invest 🇳🇿; Saxo SG \[🟡🔗\]\[🔴\]; ⚫Volksbank 🇩🇪; ⚫FinecoBank 🇮🇹; IG \[🔴\]; 🔴➡️🟡Den Norske Bank 🇳🇴 \[🟢\]; ⚫Flatex 🇦🇹 +24. HSBC 🇹🇼 \[🔴🔗\] +25. ⚫➡️🔴Belfius 🇧🇪 \[🔴\]; Trading 212 \[🔴\]; DriveWealth (Revolut) \[🟢\]; 🟢Scalable Capital 🇩🇪 \[🟢\] +26. Added General Information / Providing Sourcing sections +27. Interactive Broker \[🔴\]; S.B.I. Securities **🇯🇵** \[🔴\] +28. Moving to the [BROKER MASTER LIST \[2.0\]](https://www.reddit.com/r/Superstonk/comments/wlt06b/broker_master_list_20_for_splividends/) for all further updates +I live in a very well to do town. Teens here are driving BMW and Mercedes to school. Parents pay $1500/year for reserved parking spots( there are limited parking at the high school). My daughter needed shorts for the summer and asked to go to mall so we could buy shorts at Aeropostale, Hollister or Abercrombie. I told her that I was not paying $25 for a pair of shorts. She is growing so fast, and whatever I buy her this summer, is not going to fit in 6 months. So we went to Goodwill and found 2 shorts from Hollister, 1 guess, and 2 from Aeropostale. My daughter is so excited and I am too. The shorts are in the washer as I type. +I personally play the euromillions every Tuesday. + +In my mind this is a 90% entertainment, 9.999% charitable and 0.001% financial decision. + +It's mainly something which allows me to occasionally daydream about "if I won I'd do xyz". But nothing more. + +To some respect, I believe this is a privilege. This isn't my only ticket to financial freedom or living well, as I'm well educated and do believe that I'll be able to fulfil my financial dreams through hard work and determination. + +My question is do you play the lottery, what is your relationship with it, and do you think it holds people back with respect to the financial aspirations? +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.* +Calculations from his GME posts using [https://docyx.github.io/reddit-award-calculator/](https://docyx.github.io/reddit-award-calculator/): 1,247.12+1,667.24+2,430.30+2,924.70+4,202.76+2,565.00+1,392.30+432.47+799.56+218.43+98.15+376.86+26.93+35.97+37.95+26.26+18.21+33.64+8.04+11.60+6.53+11.46+1.02+3.84+2.55+3.87+3.49+11.48+10.35+72.60+3.78+15.41+1.57+0.53+0.90+3.08+0.60+0.30+0.68+1.38+1.44+1.43+0.60+60.69+2.33+0.92+0.92+1.52+3.11 + += + +$18,781.87 in Reddit Awards + +A true autist. What a legend. + +&#x200B; + +inb4 uNrEaLiZeD lOsSeS +(Also posted in r/valueinvesting) + +T is still off more than 25% from pre-pandemic prices for what feels like an improving situation for them, with a nice dividend. Curious if people think that's justified or not? + + +My read is - their base revenue from pure phone/internet subscribers is safe, meanwhile they've been able to refinance all their debt at the record low rates from some previous mistakes (DirecTV acquisition). The only significant hit they would seem to have taken in the pandemic is Warner Bros studios shutting down for awhile and a delayed release of some movies, but that's very temporary and easy to make up. Their main competitors (Verizon, Comcast, Disney, Netflix) are all up in the pandemic - Why is T still down? + + +Plus, as a bonus (its not a significant percentage of revenue, but is very high profit margin) HBO Max launched at exactly the right time mid-pandemic and tripled projected subscriber numbers, mostly leveraging the old catalogue of content they already own (Friends, West Wing, Sopranos etc.) which costs them nothing for sticky, high profit customers + +Disclosure: I am long several hundred shares of T and a couple small long call options +Ive been day trading part time as a retail investor. + +Doing the general day trader, must do things. + +Managing risk by setting stops at pivot points/ key level over various time frames. + +Trading in line with with industry/futures sentiment. + +Long/short entry at key level, typically on re-test with confirmation on the tape and chart. + +Narrowing down watch list to x criteria and only trading those tickers Ive made plans on. + +Cutting losses and letting winners ride. + +Etc etc + +&#x200B; + +However, to actually make amounts needed to live off in North America, would need a significant amount of capital. + +I used a simple interest calculator to work out an approximate profit amount using [https://everydaycalculation.com/simple-interest.php](https://everydaycalculation.com/simple-interest.php) + +&#x200B; + +So, if you had $25k, and traded every day with this amount, with an average daily profit rate of 0.5%, your monthly profit would be $3802.08. + +Then youd have to take out costs for tools used, broker commissions, short locates fees, scanners. Whatever is left is used to grow your account, invest elsewhere and to live off. + +And for typical risk management and size positioning, 25k would be around 1/3 of the account youd be trading with since typically, textbook rule is you wouldnt be trading 100% all in (unless youre scaling in multiple times), but I say this loosely since some traders, do, and will trade on margin (so then this 25k would be 50k using 100% leverage). + +Yes, weve some huge PnL porn across Reddit, but is it sustainable in this case and forum, in day trading considering we are looking to make a consistent living off it. + +&#x200B; + +This leads me to now think, most (most NOT all) of these traders we see across YT and IG, who regularly post big PnL's, are likely to be from prop firms. I mean, weve seen them in offices with 5+ workstations (consisting of multiple screens). How many retail traders have built themselves up so big to get to this level if they arent profiting elsewhere aside from retail sized day trading. + +&#x200B; + +Dont get me wrong, there are of course the few who live off day trading alone successfully, no doubt about that. + +All Im saying is the day traders we typically see over social media, are living off day trading AND social media income. + +In summary of this, would you agree that to have a higher chance, and, to live off day trading, would be to trade for and within a firm (typically prop traders are contractors and take a cut of the profit)? + +Dont forget too that within a firm, you have access to other multiple sources than trading alone at home, such as peers, mentors, institutional tools (bloomberg terminal as an example). + +Edit: Do you want to be a daytrader? (retail view). [https://www.youtube.com/watch?v=kcKkV0idGAs](https://www.youtube.com/watch?v=kcKkV0idGAs) +I've been a VOO trader, basically just socking money away into the S&P 500 for some time now. I'm considering some bets on specific stocks, but I was curious if there were any tools out there that I could use for due diligence. +So I saw the documentary the China Hustle, which sheds a light on some of the earnings / accounting malpractices that used to go on at Chinese companies. + +For large Chinese companies like Baba and JD, do you believe you can trust the numbers they are reporting? I know they are audited by the big 4, but I believe it is a Chinese branch of the big 4, so not as reliable. + +I am hoping there are people on here that are bigger experts in the Chinese markets that can help me answer this. Thanks. +Mine are: + +1. "In the final chapter of The Intelligent Investor Ben Graham forcefully rejected the dagger thesis: "Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety." Forty-two years after reading that, I still think those are the right three words. The failure of investors to heed this simple message caused them stagering losses as the 1990s began." Warren Buffett +2. "A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price." Ben Graham, The Intelligent Investor +3. "The market is a pendulum that forever swings between unsustaintable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists." Ben Graham +4. "We select our marketable equity securities in much the same way we would evaluate a business for acquisition in its entirety. We want the business to be (1) one that we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) available at a very attractive price." Warren Buffett +5. "In business, I look for economic castles protected by unbreachable "moats." Warren Buffett +6. "How do you contemplate the current stock market, we asked Warren Buffett, the sage of Omaha, Neb. "Like an oversexed guy in a harem," he shot back. "This is the time to start investing." The Dow was below 600 when he said that. Before we could get Buffett's words in print, it was up almost 15% in one of the fastest rallies ever." Forbes +You actually inspired me to get off my ass and start jogging 741.... Yards.... after like a decade of almost no physical exercise. It's been about 3 weeks now and my lungs went from holy hell burning in the first day to tempered and resilient. Moass will be amazing but you know what money can't buy? Healthy lungs, a good metabolism, a skinny waistline. Thanks for inspiring me and reminding me that even though money will solve 90% of all the problems I have in life, jogging will solve the other absolutely crucial 10%. Keep on keeping on fellow ape. + +Edit 1: I didn't expect this to gain that much traction. Just wanna say I love this community. You've given a black pilled cynical bastard hope. Hope that the future isn't as bleak as I had believed when I bought my first share on Jan 25th, 2021.. My momma's birthday. I've always held the belief that power and wealth would always become more concentrated and centralized and it has caused me great distress. But this group of less than 1 million people from all walks of life in every continent have joined in solidarity to say: We will not be slaves. Slaves in cages called jobs. Slaves who have to request time off only to be denied. Slaves who can't afford property. Slaves who get lied to daily by the politicians and talking heads on television. Slaves who will be forced to eat crickets. This was the future that was destined for us if they had their way but we said no... We like the stock. Not only for what the stock now is with all of the beautiful web3 potential but for the idea that the stock stands for 800,000+ apes who wear the mask of anonymity who hold onto an idea.... + +“Beneath this mask there is more than flesh. Beneath this mask there is an idea, Mr. Creedy, and ideas are bulletproof.” + +Freedom, liberty, personal improvement, self sufficeinecy, brotherhood, good will, benevolence, doing good for all mankind. + +I truly believe now... That no power on earth will ever have such dominating force that these ideas will be silenced. + +Thank you apes, from the deepest depths of my heart. I am 99.95% DRS. I kept 5 shares in fidelity because I need to sell them to pay off my house.. My home... That is currently on the market because GME means more to me than the garden in my backyard. I stand with you... more than I stand for myself. + +With much love, + +-Nate +I'm a 37 year old North American based woman who hit FIRE (2.0M) a while back and am now on my way to FatFIRE (2.85M), but I'm realizing all of the contacts that I have for this are men! I know very few on the FIRE path, and I actually know zero women in the same boat. I'm looking to grow my circle in this respect! + +Are there others, specifically women, in this position looking for friendship? It seems almost impossible to find other women in my situation. Regarding my situation: I've sent verification to the mods, hopefully it should be up soon. + +I am happily partnered and am not looking for any kind of romance, I'm only looking for platonic friendships. Feel free to reach out if you are in the same boat as me, especially if you are another woman. Discord is my primary communication for social things. + +**Edit: I did not expect the response this post got in my DMs. I am slowly sorting through all of my messages but there's about 20 left. I will hopefully be able to get back to everyone by the time the day ends here.** + +**Edit 2: I've gotten to all the DMs and post replies, will get to the chats later this morning.** +I'm starting to research how to help my mother, as it is clear she will have nothing when she is at an age that she can no longer work or care for herself. I want to have a conversation with her soon. + +She is nearing 60 years of age. She and my father are not divorced, but have not had contact in over 10 years (I believe they are separated). She lives with her boyfriend of over 10 years. Her boyfriend owns the home and they do not share accounts; each pays half of everything. She has no savings, and is always paying back people, bills, etc (she lives paycheck to paycheck). She does not have life insurance and as far as I know she has no will. + +I have started to realize this is going to be my burden. I'm looking for ideas on where to start and what I should do legally (for example if I paid for a life insurance policy, how to ensure I'm the beneficiary). What are the implications of she and my father not being divorced? + +I welcome any advice or links to articles, perhaps even information I can show her to help reality set in. + +Edit: Thank you for all of the responses. I didn't expect so many! I will read through the rest after work and make my notes. + +We are in the northeastern US. +It's been a rough 9 months. I got behind on some credit card payments (2 are about to be sold to collections but I can't afford to pay the $500 minimum balances on them) and I was constantly overdrafting my checking account just to keep food in my fridge. Now thanks to some really strict budgeting and a reality check of my credit score (hello 499 score) I was able to pay all my bills that are due the first half this month and still walk away with $100 in my checking account. After my next check on the 15th and paying my bills I will hopefully have $300 left by October 31st! Thank you povertyfinance for getting me through these 9 months. +Has anyone ever done this? Is there a way to see how this would have performed historically? + +&#x200B; + +My situation- have been saving a large amount of money for down payment over the last 3 years, only to come to the realization that I still can't afford the type of house I would want given this fucked up housing environment. I'm tired of sitting on this cash and seeing it essentially lose value. Fixed income instruments are a joke right now given interest rates. I'm heavily considering throwing it all into the market (in a non-registered account, all registered accounts full). Contemplating a couch potato style ETF portfolio (ie. VCN/XAW) but was wondering if this idea off an portfolio equally weighted in all 5 big banks makes any sense- yes I know this is the opposite of diversification. It would be favourable in terms of the tax treatment of canadian dividends in non-registered accounts, and canadian banks just don't seem like they can ever fail. + +&#x200B; + +I have a good income and a steady job. Would plan on keeping a good amount (50k) in an emergency fund in a HISA +https://www.cnbc.com/2022/05/24/snaps-down-32percent-and-its-dragging-other-stocks-down-with-it.html + +>Snap shares plunged 40% on Tuesday, putting the company on pace for its worst day ever and dragging down other social media and digital ad company stocks. + +>The tumble comes after Snap issued a warning on Monday to investors saying it won’t meet its own targets for revenue and adjusted earnings in the current quarter. + +>“Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated,” the parent company of Snapchat said in an SEC filing. Snap’s shares are down about 83% from a 52-week high in September 2021 and are off 70% year to date. + +>The filing also led its peers with a heavy reliance on advertising down in the afternoon. Shares of Meta were down more than 8%, Roku fell more than 15% and Pinterest dropped over 24%. Alphabet and Twitter dipped 6% and 3%, respectively. + +>Snap’s warning is also impacting the ad tech industry. The Trade Desk fell 18%, Magnite slipped 12% and PubMatic is also down more than 13%. + +>“We expect all online ad platforms to feel some impact of a significant consumer pullback,” Morgan Stanley analysts said in a Tuesday note to investors. “Advertising is cyclical.” + +>Fears around inflation, interest rate concerns, continued supply chain issues and the war in Ukraine have forced some advertisers and brands to rethink ad spend in the current quarter. Companies, including Snap, have been pressured into slowing hiring and cutting back costs in an effort to make up for losses. + +>“We see no real reason to not take Snap’s negative pre-release at face value. Digital advertising is cyclical, but like all advertising, and Macro headwinds are very likely getting much harder,” Evercore ISI analysts said in a Monday note. +Some thoughts: + +1. Ethereum (and all crypto, really) is a hyper market. Booms. Busts. Over and over and over again. And not over the span of decades, but months, weeks, and sometimes days. Look to BTC price history for guidance, and that fun graph with "IT'S A BUBBLE!" and "SEE WE WERE RIGHT!" cycles from $0.1 to $3,000. You can expect the same for ETH. + +2. Ethereum is not a business. It is a protocol. Say it with me: "ETH IS NOT A BUSINESS. IT IS A PROTOCOL." Even if the "value" drops 90%, it means next to nothing like it would for FB or Apple. Stocks in these companies represent mature securities traded with all of the world's capital having a vote. A 90% drop there would mean their business isn't doing so well (probably). ETH prices carry much less meaning in this regard. + +3. Ethereum is creating things that were not previously possible. Therefore, this is new GDP. This is new value creation for the entire world, 24/7/365. Comparing "market caps" to companies and industries is meaningless. That's not to say the value of this stuff will increase infinitely. What I will say is that not you nor I nor anyone has any idea what a fair market value for any of this stuff is. One day we'll have some sort of equilibrium and some quant finance genius will come up with a method or methods that reasonably approximate what the value "should" be; just like we have for equities and bonds and real estate. I say "should," because as we all know actual price varies. + +4. We represent a small fraction of the crypto market, which in turn represents a small fraction of the world's capital that I mentioned before. When we see Warren Buffet take a long position and/or substantial inflows from hedge/pension/index funds, then I think we can safely say we've reached some kind of "maturity." As for now, you still have to be a bit of a tech nerd compared to the average person to figure out how to invest into any of this stuff. When it becomes clear that our society's dumbest dumbs are clicking "buy" in their Etrade account, and the price goes apeshit, then I'll worry about a bubble. That being said, if we see $10 Ether again I won't be the least bit surprised. + +5. Anyone who thinks this is all Tulips hasn't a clue about anything. Godspeed. + + There are 3 exciting Canadian stocks that have the possibility of being giants in their fields. It's a foregone conclusion that their respective fields are growing and at the early stages of the exponential curve. + +**Stationary power backup** using zinc batteries - cheaper, more scalable, more fireproof than Li-ion batteries. **Zinc8** (ZAIR.CN) is one of the leading contenders. + +**Drone delivery** \- cheaper and safer than delivery by trucks in remote locations. Fewer regulatory hurdles to pass compared to those companies that are focusing on cities. **Drone Delivery Canada** (FLT.V) is one of the leading contenders. + +**Biodegradable, plant-based plastics** \- The world has to move in this direction. No ifs or buts. **Good Natured Products** (GDNP.V) is one of the leading contenders. Revenue growing 50% yearly. Profitable. + +For once, let's support Canadian technology. Allow them to have larger market cap necessary to out-compete American counterparts which traditionally had larger access to venture capital funds. Company with the bigger market cap ends up buying the one with the better technology anyway. Free market does not reward innovation as much as it rewards cash. Let's push these Canadian gems to the moon! + +Disclaimer: I recently discovered these Names and have begun purchasing their shares, and will continue to do so. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +$1000 account set up on Webull for an experiment. + +Taking disproportionate amounts of risk wheeling the crappiest stocks in the armpit of Wall Street. For the candidates see the link below. + +Currently short: + +CLNN $2.5 Sep 16 put, at $0.55 + +ENDP $0.5 Sep 16 put, at $0.2 + +[https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc](https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc) + +Need to add 5-6 more, for diversification, whatever that means in this context. + +I have never blown an account, and I have never made any outsized gains. This is an experiment on theta, and if options can be temporarily overpriced. It is not a suggestion or advice to buy or sell any stock or option. + +Will add screenshots with new or closed positions. + +Constraint: never take or add to this account, and never spend more than 30 minutes finding the options and entering the trades. + +Wish me fat theta, and cheers! +After a couple of f*ck-ups on the part of our local oncologist, the wife and I are seriously considering moving all our medical needs to Mayo Clinic and damn the extra costs - Mayo being the place most seem to espouse as the #1 place to go in the U.S.. Just wondering how many here have actually taken the Mayo plunge and what your experiences/feelings have been on the institution in comparison to other everyday medical facilities. How is it better, does it live up to its reputation, is it worth the extra travel/fees/time involved, etc.? + +Thank you! +All these ICOs are starting to feel like a big scam. Just write up a 10 page document and a few lines of code and then proceed to collect hundreds of millions of dollars worth of digital currency from ignorant FOMOs. + +How are you people not worried about what's happening? What do you think will happen once these ICOs start failing (and most of them WILL fail) and the greedy developers start dumping all their ether? + +I believe in ethereum and I think the technology has potential, but the way these ICOs are exploiting investors, 90% of whom can't even tell you what a block chain is... It's just a disaster waiting to happen. + +Please feel free to correct me if I'm wrong, but I'm starting to think a lot of people are going to lose a lot of money in this bubble simply because people are too damn lazy to research and understand the shit theyre throwing their money at. + +Hi all, + +I have been on my fire journey over the last several years. + +I have made a lot of progress, but I am feeling exhausted. I feel the need to pause for a few months. I have been deferring a lot of my wants over the last few years. + +Anyone else feel this way? Did any of you feel the need to take a pause? Or did you manage to overcome this feeling? +I’m planning a 10-year anniversary trip for my spouse, who’s always wanted to see the northern lights. + +Would love suggestions from this community for the fatFIRE way to do this. I know travel is talked about a lot on this forum, but if anyone has specific experience with this adventure - travel agencies that do it well, premium packages, etc., I’m all ears. + +Would prefer to do this from Canada but willing to travel to Iceland, e.g. if it’s truly that much more amazing. +I just started a couple weeks ago selling CSP’s. So far it has been pretty lucrative but want to get an idea of how sustainable it is. + +Edit: I think cash amount rather than percentage only would be more exciting to hear, if anyone is comfortable with that. +Hey guys. So I know someone made a similar thread recently, but I wanted to ask this too along with some caveats. + +So I recently was assigned on an AAPL put I sold and I was actually happy to just keep the shares. I love the stock long term. But I figured why not just sell calls weekly anyway. I can bring in a couple thousand bucks a year even if I'm being super cautious and conservative. + +BUT in that other thread, everyone was warning the person to not do it. Because eventually you'll have your shares called away and be very unhappy. + +Is that really that much of a concern though? Yes, I'd be very annoyed if that happened, but I think it's pretty unlikely. I monitor my options daily anyway, and I'll just be sure to roll it up and out each week if I'm even REMOTELY worried about my shares being called away (like I just did on this past Thursday). + +So, those of you who are more experienced, should I stop being cute and just keep my shares and cut it out? Or is it worth it to bring in the extra money? + +Thanks. +While I have been in the stock market for two years, and I have seen my portfolio increase I now have a concern as a long term investor. Over the past several decades we have seen the S&P provide an average annual return of around 10% greatly outpacing 3% inflation. I am concerned this can not be sustained over the long term due to the fact the earth has limited resources, and that investing may be based on the speculation of infinite growth which may not be possible. Does anybody else feel this same concern or can prove me wrong. +While today is only one day, I think that it pretty dramatically shows that bitcoin is not the new gold, as a lot of its proponents claim. As of 10am EST this morning, bitcoin is down about 7% while gold is up about 2%. Something like a Russian attack on Ukraine is what people have in mind when thinking about a black swan-type event, but bitcoin has only magnified losses. + +Instead of acting like an uncorrelated asset, bitcoin basically just acts like a super high-beta tech stock. Not saying anything about what will make anyone more money going forward, but I think any rationale to have bitcoin to improve portfolio diversification is mostly a fiction. + + +Edit: the time is now 355pm EST, and stock markets, bitcoin, and gold have dramatically reversed this afternoon (SPY +1.5%, QQQ +%3, BTC +%2%, gold -0.5%). This basically just proves my point. The point isn't that bitcoin will not make money in the future (it might, I have no idea), the point is that bitcoin is very correlated with tech stocks instead of being an uncorrelated asset like gold. The action today reinforces that idea. +The main argument was because it would make other apes feel bad. It also conviently made it impossible to know with any certainty how much was held by retail (and then DRS'ed which came later). At the time I was amazed this became the "rule", the arguments went on for months but this sub was specificity free for too long. + +Now it's being argued that any discussion on BBBY needs to be shunted to a much smaller sub especially because there is no "DD". This is backwards, DD comes from more eyes on things not less. + +This URGENCY is telling to me. It would also conveniently make it much harder to get real news on BBBY to the front page and more exposure. + +GME is happening. It may take a few more months if there's some small buys into BBBY, but it's been 1.5 years of this. I've seen people say it will derail GME. You must be new here, it won't. After 1.5 years it isn't going to make everyone abandon or stop buying and holding GME. + +Information is power, and I for one want to keep hearing about BBBY here where there is a collective memory and wisdom. +I’m a single mom. I have a degree and work in insurance but I’ve had to live with my parents for the last 10 years because I lost my food stamps after getting my first job out of college making $10 an hour. I have student loan debt and CC debt. Groceries have killed all wiggle room I had. I have been holding for over a year and ….. fucking hell! + +This SEC bullshit should make everyone outside of SuperStonk furious! + +The markets are NOT free! + +It’s so fucking obvious now! The SEC and DTCC do not care about retail! The president doesn’t care about retail, no one in government does! + +They are literally setting up to make sure the big players who rigged the system get to exit before the whole system collapses under the weight of debt and obsessive money printing caused by the very people they are choosing to protect! + +Da faq?! This is 2008 at a massive scale! How could the government actually expect the people to allow this to happen without a voice?! + +This is why I hold! You better believe that MSM will blame retail long on GameStop, but I don’t care. They dug this grave and will have to pry these direct registered shares from my cold dead hands before I ever sell to close their short position. It’s not about making money anymore, it’s the principal! 😡 + +I’m so pissed I’ve been sharing SuperStonk posts left and right on LinkedIn and Facebook… I don’t care how crazy I sound, I’m sounding a fucking alarm to anyone who will listen… + +I hope you guys are brave enough to do the same. + +See you on the moon my ape family! 🦍🦧❤️🚀🌕 + +Update: I’m getting downvoted hard. I labeled this a shitpost for a reason. I’m not sure if it’s because it’s not worth a damn to my ape family or shills.. either way. I just wanted to voice my opinion as a lurker holding 93 DRSed. Love you guys, always. 💜 + +Update 2: I closed the app for a bit, opened it up again.. and looked at my profile. I had apparently downvoted my own post. Lol. I’ll leave it at that. Shit is getting lit 🔥🤭 + +Update 3: if I may say.. my kids birthday is September, school starts August. I have every reason to sell. But no. I’m not. /js +Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you. +Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you. +Hi, first of all thank you for reading this. + +Basically ive hit a bit of a wall. ive been attempting to build something profitable for a couple of years now, and i just cant seem to get anything worthwhile. i have taught myself to code (probably pretty poorly lol), and have managed to make my own automated trading program for a number of different assets classes. + +Ive been focusing on forex, trying thousands of strategies over all sorts of time frames and i am yet to make anything even break even. + +Ive recently started playing around with deep learning for another project, and im aware it has applications in time series prediction. + +Essentially i would love some advice from someone who has been in my position and managed to become profitable...should i focus on trying new strategies by experimenting with different indicators/money and risk management and time frames, or start jumping into machine learning and throw my energies there? + +Im a bit stumped and feeling a bit defeated at the moment, so any sort of advice would be greatly appreciated + +Thank you +I know this is ausfinance and we all earn more than $200k+.... + +But, with the topic of recession on everyone's mind, it begs the question: is anyone feeling the pinch or struggling financially? + +From what I can see, the job market is booming and there doesn't seem much risk of a recession. Yes, rents are high, food prices have gone up, and petrol as well (lowering real incomes). But since the job market is hot, those costs seem manageable. That's unlike a situation when everyone is losing their jobs, which typically signals a recession (i.e. GFC or early-2020 COVID). + +Used/new car prices are still elevated, showing evidence of strong demand which favours a strong economy as well. + +The construction and mining sectors appear to be strong as well... + +But what do I know. + +Can anyone see any pending real-time cracks? + +Perhaps I'm somewhat out-of-touch with what's really going on... +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. +Can we get back to digging about BCG? You know, the reason he got here to begin with? Let's not let ourselves be divided again, not over another ape (even if he still needs to gain a wrinkle, but c'mon who doesnt here). + +You don't have to trust him, nor anyone if you read the DD you know whats coming tomorrow anyway. + +&#x200B; + +Apes together DRS!!! +>Tesla delivered a record 112,000 vehicles globally during the fourth quarter, significantly topping Wall Street estimates and achieving an ambitious year-end sales goal of CEO Elon Musk. + + +>Wall Street expected Tesla to deliver 106,000 vehicles to customers during the fourth quarter, which would have just met the company’s annual delivery goal of between 360,000 and 400,000 vehicles, a 45% to 65% increase from 2018. + + +[CNBC](https://www.cnbc.com/2020/01/03/tesla-tsla-4q-2019-production-and-delivery-numbers.html) + +[TSLA share price](https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch) +Currently, 36% of U.S. employees are engaged in their work and workplace -- which matches Gallup's composite percentage of engaged employees in 2020. Globally, 20% of employees are engaged at work. + +The percentage of actively disengaged employees is up slightly in the U.S., from 14% in 2020 to 15% through June 2021. Actively disengaged employees report miserable work experiences and are generally poorly managed. +The ratio of engaged to actively disengaged workers in the U.S. is 2.4-to-1, down slightly from 2020 when the ratio was 2.6-to-1. + +https://www.gallup.com/workplace/352949/employee-engagement-holds-steady-first-half-2021.aspx +Read this article about seniors who have no money. Even if I never achieve RE (not sure what my life path is going to be), I will never consider my efforts to save money as a young person to be wasted. + +https://www.theatlantic.com/business/archive/2018/02/pensions-safety-net-california/553970/ + +>"Older Americans were the only demographic for whom poverty rates >increased in a statistically significant way between 2015 and 2016, >according to Census Bureau data." + +>"Two-thirds of Americans don’t contribute any money to a 401(k) or other >retirement account, according to Census Bureau researchers." + +>"while financial advisors say that retirees need at least 70 percent of their >pre-retirement earnings to live comfortably" + +>"Today, about 12.4 percent of the population aged 65 or older is still in the >workforce, up from 3 percent in 2000" +> **Bitcoin Just Plunged 20% in a Matter of Hours** + +https://www.bloomberg.com/news/articles/2017-11-29/wild-bitcoin-ride-erases-2-200-in-five-hours-after-record-rally + +> Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages. + +> The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $11,434 before the reversal took it as low as $9,009. As of 3:36 p.m. in New York, it traded at $9,911.10, virtually unchanged from where it began the session. + +> The heaviest selling came amid reports of service outages and delays on some of the largest online exchanges. The extent of the problems on platforms such as Coinbase and Gemini remained unclear, with several saying massive spikes in traffic had caused unspecified problems. Coinbase remained unavailable to some users. + +> Bitcoin had rallied 20 percent in just four days, topping $10,000 for the first time earlier this week in a runup that drew increased warnings it was in a bubble. The cryptocurrency ended September at $4,171.25. + +This might be a buying opportunity if you don't mind volatility. Definitely no guarantees though. I do not currently own any bitcoin or have plans to buy any. +I can't even comprehend being able to afford a deposit let alone finding a house or apartment to purchase. It feels like the only thing I can focus on is hoping rent doesn't go up and saving as much as I can all while trying to survive and maintain good mental health? + +I simply just don't understand the interest rate mortgage conversations I often see on here and it honestly makes me feel so behind. Offset, refinance, lenders, rates, I don't even know what I am saying. + +I bought a block of cheese and a can of men's body spray yesterday and I was asked to produce $17. I don't know what needs to change but this isn't living Barry. +Extended family gathered for Thanksgiving and I ended up in a conversation with an older relative discussing some chronic medical issues he’s been having. Not to get into details, but essentially it’s a degenerative neurological situation leading to loss of balance/muscle weakness. He’s sharp as a tack mentally but the body is starting to go. The usual doctors/experts are stumped. + +What got me thinking was him saying “I’d pay a million dollars right now to be able to ride a bike or go for a run again” - he’s very financially well-off and I’m sure would actually go much higher if necessary - is there a direction I can point him where mystery cases like this would get world class attention? Mayo Clinic? Anywhere else? + +Edit - appreciate all the ideas so far, just to add a comment I placed down below - “6 years of spinal taps, gamma globulin, lyrica, etc etc etc. The local/regional options have failed to adequately diagnose the issue and the symptoms continue to slowly get worse.” + +Looking to think outside the box at this point - in-depth professional genetic analysis a must-do, will also recommend the Harvard undiagnosed network as an intriguing option. +Hello everyone, I had a quick question. I am trying to be talked off of investing the $25k in JEPI for a year or so and withdrawing when I need the money. I have a IRA maxed out as well as a personal brokerage with our favorite dividend players, so this money isn't going to be used for either of my brokerages and otherwise I would be putting it in a CD for a year. What is the downside of parking it in a high yield fund such as JEPI for a year and collecting it when it's needed. I understand taxes, etc. But after considering taxes etc it still seems better to put the money in JEPI over a 4-5% CD. Am I missing something...? It seems like a great place to park a "cash savings account." + +&#x200B; + +TIA and I also understand the price of JEPI is designed to fall around it's high dividend. I just don't see how this could go wrong other than a total collapse of the fund lol. +Hi all, + +I frequently hear about the phrase above particularly when a user posts about a strategy that seems to be working out for him/her. + +This group is about selling options so I find it a little hard, particularly if you do the wheel, that long term the steamroller would catch you. + +Again I agree that the key to this is picking the right underlying. + +Can you please share examples or your experiences? + +Thanks a lot!! +Can I please get a big round of applause for all of you that were able to survive the recent bear market caused by Covid-19 Omicron. ([source ](https://www.cnbc.com/2021/11/26/crypto-bitcoin-btc-enters-bear-market-on-new-covid-variant.html?&qsearchterm=Bitcoin)) + + +I absolutely am amazed by all of your persistence for surviving this extensive bear market of roughly 2,5 days. I know most people gave up. But you were here and stayed. + +Respect to all the hodlers. + +Now let's watch the market blow up to 100k$ BTC. + +Congratulations on surviving the bear market. +Hi folks. + +I'm 29, with a B.A. in politics and several years of unrelated work experience. +Originally I planned to go back to school, do another B.A. and then do a Masters. +However, upon talking to several economics lecturers at various universities I was considering, they all recommended to just do a Masters. However, I'm genuinely terrified about doing so, because Masters are extremely expensive, and I feel woefully unprepared. + + +How essential is the B.A. to a Masters, and how detrimental will not having any relevant experience or education be? Should I listen to the lecturers, and just go for it? +Think about it. Hedgies will have backup plans to their backup plans. Let's say you're a hedgie and you've failed at plan A (stop moass). So now moass is happening and you're fucked. What's plan B? + +Plan B is to mitigate losses. + +So then, how do we think they will do this? + +They'll deploy their shill army to try and get people to sell early. Induce some fomo by making posts like "Ohh I'm so happy! I sold at $500 and bought a Lambo!" with the intention to get paper hands to fold early. + +So, I propose that we ban all of these posts until a certain set of requirements have been met. At the very least, I think that the ape community should unanimously agree that moass is over for at least one month. Or maybe the price is $1 trillion or something ridiculous. + +Ape strong together. Buy, hold, drs! +Early 30s here, I was raised in a household watching every penny and being frugal. Similarly I’m very frugal and have been eyeing a watch that costs $500 for years. Logically I have plenty of money but every fiber of me and my upbringing says this is a stupid purchase but the logical side of me says it isn’t even noticeable at my net worth. For those of you that went through this journey from frugality to spending on nice things how did you tell yourself it’s ok and how did you give yourself permission to do so? +Credit is there to protect the illusion that we still have a viable middle class in this country, and help's hide the effects of inflation on our every day lives. + +Think about it, 36-55k a year (depending upon where you live) is still considered middle class, however most people in this category cannot afford homes, cars and other things without massive borrowing. Middle class? not likely. In actuality, the people making 100k-250k are the "middle" class, with the poorer people simply believing they are middle class but not realizing if it were not for credit they would not be able to afford most things in life. That way, the super rich that control the country have the poor lulled into believing that 30 year loans are the norm and they don't realize that they are simply lashed to the slave stick. + +Not to say that it is impossible to buy things without credit, but most people i know simply go "30k car? I'll just put 3000 down and get a loan for the rest.." + +In America, it used to be possible for the Father of the family to work a job while the mother would stay at home and raise the kids. By job, I mean a normal job, like a factory worker or an office drone. Nowadays, BOTH parents work their asses off while the schools and television raise the kids and people still are barely just getting by... something is wrong with that picture. The "middle class" is in rapid decline. +* I should note, 36-55k before taxes. +Today at work I opened the PDF link that was posted. I read it once again, slowly, word by word. + +I already hold X amount of shares because I firmly believe in GME. + +I thought I’d explain the findings as simply as I can to my wife, and friends. + +At dinner tonight ( I live in Sydney ) I explained as simply as I could the whole worth of the 37 pages as I had grasped. I believe I did understand most of it, the extent of criminality Wall Street is involved in, and the simple simple fact that shorts MUST cover. + +I explained to them GME is 140% shorted, I explained the Goldmansachs F3 fuckery, I talked about the FINRA fines that come years later. + +I talked about the AMAs, I explained naked short selling. I explained the TLDRs of the highest voted DDs on this group. + +I ended by telling them about Charter Corporation, the over 280% or so shorting and the bankruptcy. I told them this can’t happen to GME as it is not going bankrupt. Shorts must cover. I explained the NFT announcement. + +I talked about Ryan Cohen and Keith Gill... + +I did say this is not financial advise... + +After some silence, 1 friend bought 10 shares...another bought 5 and I myself bought 16 ( 8 for the wife , 8 for myself ) + +This is the impact of HOC. It has sent ripples not only across reddit, but all the way to Sydney. + +Price is psychological. The truth is out. The house of cards will crumble! +Short answer: NO + + +Do you younger guys/gals feel that gnawing uncertainty ? + +Do you feel totally shaken ? + +Have you ran through all the different scenarios of what can possibly come from this virus ? + +Well this is exactly what it feels like when you're staring into the unknown. This is my 4th major financial upheaval. Everyone of them different from each other but all them equally scary. It doesn't have to be but it's how we're hardwired as humans. It's in our DNA. The guys/gals who are able to override the initial rush of fear are the ones who will make money in all of this. + +Yes, I understand that this one is different from the others but they're all different from each other and make no mistake about it ...... I am very much at risk here. + +My prediction is, the country goes on a 60 day timeout ..... no mortgage payments, no cc payments, no interest, no taxes ... nothing. And then when the uncertainty is over, the markets roar back, higher than they were 3 weeks ago. + +Of course, I could be wrong. I'm generally an optimist and maybe i'm kidding myself but markets come back .. they ALWAYS do !!! +In the meantime I refuse to idly sit by and feel helpless .... I assure you someone will let the fear take over and I'll be there to capitalize, so for now this shark is on the hunt for deals ! + +Buckle up motherfuckers .... this is going to get interesting. +I see so many P/E numbers thrown around but I have yet to see a respected source with updated Q2 earnings and a revised P/E. + +For example https://www.multpl.com/shiller-pe shows only the latest earnings as of March 2022, with a real EPS at 203.88. They should be higher now as of Q2. Anyone have actual revised information? +Most of us are familiar with positive reinforcement, which is where a reward is given to the subject at or around the time of the behavior being trained. This makes that behavior more likely to occur in the future because the subject is driven to consistently perform those behaviors he or she perceives as rewarding. + +With negative reinforcement what happens is that the subject is exposed to aversive, unwanted stimuli for all behaviors except the desired behavior being trained. At or around the time the desired behavior is enacted the aversive stimuli is lifted. This makes that behavior more likely to occur in the future because the subject is driven to consistently perform behaviors he or she associates with the lack of punishments. + +Positive and negative reinforcements are the two main training methods for making desired behaviors happen more often. Obviously we’ve been exposed to very few positive reinforcements by our ‘trainers’ and a metric shit ton of negative reinforcements. + +They need us to sell. That’s the behavior they’ve been trying to reinforce. But it didn’t work. As training subjects we revolted. Actually all the negative reinforcements they threw at us over the last year, the massive FUD campaign and tanking the price hard, inspired the opposite of the behavior they were trying to train. + +Not only did we not sell. We all bought a lot more. + +Positive reinforcements didn’t work at all either. The best they could do was try to entice us with the sneeze price points and hope mid 400s was positively reinforcing enough to sell. Then they tried the reward angle a few more times over the year where they ran the price up. + +So all they’re left with is extinction, which is a training technique not meant to make a behavior occur more often but rather to try to stamp it out. + +That’s what we’re being exposed to now more than ever, where they make it seem like regardless of what we do we’ll have no effect whatsoever on price movement or systemic change. While the negatively reinforcing MSM pieces are still being written on the daily those are for the general population. What we’re receiving is nothing. No movement by SEC or other bodies despite our pleas, no sign that our buy orders can have any lasting impact on price movement. + +Being exposed to extinction is a painful, frustrating, laborious process for any organism. But the fact that they’re reduced not to trying to get us to sell, but simply to give up on the behaviors of buying and investigating rampant wrongdoing, is positively reinforcing! You better believe they are sweating behind the scenes. + +And so to the behavioral psychologists working for the opposition, I raise my middle finger in the air and wave it around like I just don’t care. I will never stop buying. Never. +Short squeezes only exist because of the predatory and **illegal** market manipulation practiced every day on Wall Street. GME will not only benefit from calling this practice out and standing against it, but also has the potential to demolish it as a practice entirely. + +All we need to do is frame our intent as less about our wallets and more about meaningful, impactful change for our economic ethics, and by way of that, meaningful and impactful change for the world. + +Everything is connected. Let me say that again — **Everything is connected.** +This is so much bigger than me, than you, than GameStop, than the stupid *stock market.* This is about people becoming enlightened to the fact that we aren’t a society divided into the haves and have nots, the white, the black, the young and old. We are one collective *global* people, and we have believed the lie that we aren’t for far, far too long. + +We can fix our economic system from a moral and ethical standpoint as long as we march upon this crusade with that set as the intent in our hearts. And boys, I think we are going to do just that. + +Love you all. Buy and hold. Do something good with it. 🧡 +I've been researching leveraged ETFs because x3 returns sounds pretty awesome. I keep reading they are not meant to be held longterm. The reasons they give seem pretty weak. + +1. Leverage Decay. That the ETF won't go up as fast as it goes down since it mirrors the index daily. But comparing YTD returns a leveraged ETF most often is around the X3 YTD returns. +2. Fees. Yes they are high but I imagine X3 returns usually more than makes up for this. + +Am I missing something here? +Citadel finally released 13F-HR + +Type | Previous Holdings | Current Holdings | Change +----- | ------ | ----- | ----- +CALL | 1,714,100 | 2,278,000 | +32.9% +PUT | 2,224,500 | 3,271,400 | +47% +SHARES | 217,132 | 22,405 | -90% + +You can swipe the chart to see the % change. + +As you can see, they sold 90% of their shares. +Probably they needed liquidity to pay the high energy cost at night, especially on weekends. + +Obligatory Rockets🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Source SEC: +https://www.sec.gov/Archives/edgar/data/0001423053/000095012321007021/0000950123-21-007021-index.htm + +https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=custom&category=custom&startdt=2021-05-17&enddt=2021-05-17&forms=13F-HR + +Source also provided in this great Thread: +https://www.reddit.com/r/Superstonk/comments/neg7tx/13fhr_reports_hot_off_the_press_and_updated/?utm_medium=android_app&utm_source=share + + +ELIA: These are their GME Holdings. +Check out the sources my beloved friends. +Got dragged to my wife's 20th HS reunion. Luckily it was at a brewery. + +I knew a few of her friends but was kinda bored and nursing a sour beer. + +Wife runs up to me excitedly. Hey this is Sally (not real name) guess where she works? GameStop! + +My wife knows im balls deep in the stock and i guess talk about it enough that I would really want to talk to her. + +Sally lives near corporate hq in Texas and works in a senior position (Not going to dox her). + +I started off the conversation. "I have significant holdings in GameStop and follow the stock daily." + +She smiles and asked me if I'm on reddit. "Of course!" + +I asked her about the morale of the team. "Very high, everyone is very excited with the direction the company is going. I've worked there for a while and there is excitement and joy at work with what we are doing. Especially the NFT marketplace." + +I asked her about the recent layoffs. "Most of the people that were let go weren't engaged in the new direction we are taking." I took that to mean they were dinosaurs or legacy employees that couldn't adapt. + +I asked her, How do you feel about the future of GameStop? "Very very bullish. I have most of my net worth in the stock. Ryan Cohen has done an amazing job of turning the culture around. We have had a revolving door at CEO it seems but I like the direction things are going." + +I asked her about the buy button being turned off. "It was a big deal. We couldn't believe it." + +I then say. "I hope Citadel goes bankrupt." + +She retorts. "They aren't the only ones that deserve to." + +We made small talk for another 10 mins and she was curious about what I did. She told me stories about my wife in HS and appreciated how kind my wife was to her as she was kinda a quiet nerd. + +That last sentence has me really thinking. Who else was she talking about? + +Robinhood? + +Apex? + +DTCC? + +TLDR. + +Gamestop employees after layoffs are energized with new direction company is going in. + +Employees are putting their own money in stock and holding. + +Citadel isn't the only company that deserves to go bankrupt. + +Edit. + +Someone get me a trust me bro flair! + +Best part of this day is I've got many new sour beer recommendations I need to try. Didn't realize there were this many of us in the wild. + +SS is an amazing community. While our convo is based on my memory after drinking to deal with a reunion I didn't want to go too... It is as accurate as I can recount. + +Imagine you have been part of SS for over a year and your wife drags over a GME employee? Not only did my boredom vanish I was giddy with excitement. Sally felt like a vip and she should. My wife might have been a bit jealous... + +Should you be skeptical of posts that can't be verified. 100%. People are going to try to sow discord and create rifts between this community. We should be vigilant. Is me relaying to you the GME employees are excited as we are about this stock a danger to this community? No chance. + +My tits are jacked! + +Going to drs some more today. +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 daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +First, a fact I would like you consider: Ryan Cohen has been GameStop's Chairman for only [281 days](https://www.wolframalpha.com/input?i=how+many+days+since+June+6+2021). + +Let that sink in. + +I'm not going to post any links because I don't want users who have been swept up by FUD to start getting accused; that's anti-productive. It **is**, however, important to note that a significant campaign against Ryan Cohen is definitely being smeared across the internet this week. + +Please stay vigilant; I've had to downvote/report several posts that have reasonable titles, decent first paragraphs, then suddenly plummet into criticism of Ryan Cohen demanding some sort of action. + +Why is that a problem? Well, frankly, because believing in RC to take his shot and shoot it well is the single thing that DRS apes, Options degens, and long-term deep value investors all share. + +Anyone who saw RC's work at Chewy knows that he intends to release an efficient, effective, system. He intends to develop this system to bring value and delight to customers. If you haven't seen that implemented on a grand and unignorable scale yet, then you are not disappointed by RC, only waiting for him. + +Basically, nobody here has any reasons to doubt RC's methods until he's actually fully implemented the changes in GameStop that he put his CASH into. So, why suddenly now? Because FUD. + +NOTHING HAS CHANGED. RC and GameStop will change the game, but it takes money and **time** (fermenting) to have whiskey. + +BUY, HODL, DRS is my only way. + +Hold them accountable, and don't let them divide sensible investors with their schemes. + +💎 🙌 🚀 + +EDIT: To those who say I am insisting on no accountability, I tell you that is not the case. I am insisting we recognize what RC **HAS** communicated to Gamestop investors: + +*"You won't find us talking a big game, making a bunch of lofty promises or telegraphing our strategy to the competition... moving forward, we want you to judge GameStop based on our actions, not our words!"* -Ryan Cohen **Jun 09, 2021** + +⬆️ This means that if you've bought in since June 9, 2021, you knew what to expect from Ryan Cohen or hadn't heard his snippet from the conference call. + +Therefore, until at least a year after that statement, I have no need whatsoever for Ryan Cohen to sweep in from the clouds and save the world with super memes. I just like the stock, and leadership, and I want to give them the room to work without telling the entire world what strategies they intend to use. +Hello, + +I was reading a thread in this sub and saw a comment not to confuse insurance with investment. Granted, Insurance would be less glamorous than investing in funds or stocks, is there still any reason to get something like an LIC insurance if wealth building is your goal ? +A lot of questions in [this post about a million missing puts](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) reference what I call the Voltron Fund and its machinations. Here's my original post (launched it on mod drama day, bad timing for visibility, but now the technical wizards are starting to find the machinations behind the fund): + +[Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) + +https://preview.redd.it/c68byuqfp5e71.jpg?width=486&format=pjpg&auto=webp&s=01846f87ad99690ff0dc83402176615292b83779 + +Put simply, we now know the game isn't against a single entity (Shitadel), but against a global financial network with ties that go far outside the financial world. It means that we're in this until margin call wipes them all out, and they're going to balance the books for as long as they can until one side breaks. + +There is no "sending risk back to the original firms" really, just a massive, ongoing shell game that moves assets between (potentially) hundreds of companies in order to control margin. + +# Analogy in a Game + +[Responding to this comment](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/h6x5hdn?utm_source=share&utm_medium=web2x&context=3) + +Think about it like this: you and three friends (Swill, Joe, Nancy, and Rohit) have 25 pennies each. + +Every minute, The Great Marge comes and takes five pennies from the group at random. If anyone drops below 16 pennies, everyone loses. The only exception is if a player reaches 0 pennies, the game can go on. + +Players can freely trade and give pennies amongst themselves. + +**Turn 1**: The Great Marge comes and takes five pennies from Joe. All good. + +Swill 25, Joe 20, Nancy 25, Rohit 25. + +&#x200B; + +**Turn 2:** The Great Marge comes and takes five pennies from Joe again, bad luck! That would put Joe at 15 pennies and the game would be lost. So Rohit gives Joe one of his pennies + +Swill 25, Joe 16, Nancy 25, Rohit 24 + +&#x200B; + +**Turn 3:** The Great Marge takes 3 pennies from Swill and 2 from Nancy. Easy turn, and Joe even adds a couple of pennies from his pocket (illegal, but allowed). + +Swill 22, Joe 18, Nancy 23, Rohit 24 + +&#x200B; + +**Turn 4:** The Great Marge comes and starts to take 5 pennies from Joe again. Joe is out of illegal pennies, and Marge seems fixated on him, so the rest of the group tells Joe to take a hike. Joe distributes all his pennies among the remaining players BEFORE Marge takes them and issues an angry press release about stupid reddit traders. The game continues, with one less player. + +Swill 28, Nancy 29, Rohit 30 + +&#x200B; + +Notice how the remaining players are even stronger than when they started, despite there being less overall pennies and players in the game? Voltron Fund was designed like this just like an end boss should be. It gets stronger as you hit it, not weaker, until finally you break through and defeat it. + +Notice how there have been 4 turns, which should have been a loss of 20 pennies, but in reality only 13 are missing? SHF tricks, delays, loopholes. + +However, the game goes on, and the Great Marge will continue to come and take pennies. The players can't find new pennies fast enough to cover for Marge, but they can whittle down the players one by one to delay the end of the game. They're hoping to find a save point before the last pennies are taken. + +The most powerful save point would be retail selling their shares, which is why they put so much focus on making that happen. As long as Apes hold, though, that door is locked and the game continues. + +What the Voltron Fund research shows is that this is a long, rich battle that isn't going to be won by share recalls or other mechanical closing catalysts. This is, and always has been, a technical short squeeze against the largest portfolio in history. The bad guys (bag guys?) thought they were squeeze proof because of their vast network and resources, but there's always one weakness in any castle wall. + +We are the uruk-hai running the mine at those walls. + +&#x200B; + +https://preview.redd.it/1xkt0wj7p5e71.jpg?width=488&format=pjpg&auto=webp&s=bd6d06edd4ce84f844130c3fca8e826192df5241 + +This is why zen and patience are necessary. There could come a day when all these funds are all exactly one penny above margin call, and that day will be just like any other. They'll borrow and short attack, they'll shill, we'll party. But the NEXT day they will collectively only have a four penny balance, and The Great Marge will come asking for five. We will know that day when it comes. + +Until then, it's just Buy and Hold. + +Hope this helps. + +Love, + +Blanderson +So I've done the unthinkable. Something I didn't think in a million years I'd do but I've decided to get rid of my internet line. I was paying around $80 per month and it basically gave me everything I needed (1000GB and 100mb/s) except my phone plan also had around 40GB of data each month. So I weighed up in my mind if I really need the internet on at my house and realised I don't actually use it all that often except YouTube and Netflix. Netflix is already included in my phone plan so it doesn't chew into my 40GB and I can work on living without Youtube. So to me thats pretty much a win! + + +Has anyone made similar decisions and if so, how's it going for you so far? +***Edit:*** *Per recommendations from commenters, I've updated the flair to DD. I'd originally flaired as "Education/Data". Mods, if it needs to be switched back, I'm more than happy to.* + +\------------------------------------------------------------------------------- + +**I'm not giving you a TLDR. If you panicked over the other posts and jumped to conclusions, you need to sit down and read this one.** + +There were a couple of highly upvoted posts about active users/users online suddenly dropping. The conclusion in the majority of the comments is “these are bots logging off suddenly": + +* [Example 1](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/) +* [Example 2](https://www.reddit.com/r/Superstonk/comments/no2er4/anyone_else_just_saw_the_number_of_online_users/) + +Guess what? **This has been going on for a while now.** Stop what you’re doing for a moment, and breathe, read this, get some wrinkles. + +&#x200B; + +Important stuff before the education part: + +1. **Creds:** I'm a senior level software engineer at a very, very large corporation. Part of my job is (and has always been) assisting setting up environments and configuring/setting up servers/server management software to environments that have to be up 24/7. I have been doing this job for over 8 years. I have seen some shit and done my time. I am tired. +2. “Users Online” is not the number of people **actively viewing** the sub, it's the number of **active sessions** tied to the sub (meaning that a browser/app is currently logged in and that subreddit is up in that client). +3. Yes, there are bots here. Whoopty-freaking-doo, because, guess what? The DD hasn’t changed. Buy, hold, grab a towel and *don’t flipping panic.* +4. This is not financial advice, nor is there any here. + +**Ever wonder why Reddit is (almost) always up and rarely has maintenance?** It’s because they have some form of a load balancer that filters the request load between the underlying web servers so that (in general) the site stays up. Every now and again, the underlying servers have to go down for maintenance or have scheduled tasks that refresh the active memory, clear sessions, and perform updates (e.g., security patches) so that the site is still accessible even though the engine hood is open and there's black smoke billowing out. + +[Actual picture of me and you, right now](https://preview.redd.it/nqdzvobn48271.jpg?width=900&format=pjpg&auto=webp&s=d26537f5db7501eb434d9b05c3c1a742cd9d4161) + +**ELIAA:** When you access most sites nowadays, you’re not sending a request to a physical machine or box – you’re sending a request to a *load balancer*. This is a piece of software (think of it like a valet) that chooses how your request to the site will be directed *before it even gets processed*. The response you see in your browser is *not coming from a single location* \- it's distributed internally across multiple internal networks and there is a huge amount of stuff going on behind the scenes just so you can see Superstonk at 3 AM. + +Reasons why this is good: + +* Load balancers distribute the load between the underlying servers so if one server has gone down, the system stays up. This is called redundancy. It's like having multiple cash registers at a supermarket - if one goes down, you can still check out customers, *they just have to switch lanes*. +* Load balancers act as a buffer between the underlying servers and direct contact with the outside world. Think of a load balancer like your computer's firewall, except that firewall has AI that detects threats/threat patterns *and* has active management around the clock by real live server administrators (who sometimes get calls at 3 AM because servers go down or someone forgot to press F3). + +Having a *distributed internal network* of servers means that when there's issues or internal maintenance, the ability to access the site doesn't change... but people sometimes see weird effects (like active users dropping, or the site being down momentarily). + +**The most likely explanation:** Reddit’s server management system does “scheduled cleanup” on sessions. It drops inactive sessions (or refreshes sessions) older than X minutes or starts dropping them when a server or component has too many sessions in memory. Some form of this is standard practice across the industry - it clears up local memory and makes the site run faster as a whole. Think of it as “clearing your cookies/cache” in your browser, except Reddit is doing it on the backend with your *session* when it needs to. The effect you see is that everyone who hadn't accessed it in a while got kicked, ergo, 150k -> 20k in less than 5 minutes. + +*Wrinkly Stuff: a session is a quick and easy way of keeping up with a user's state while they're logged into a system without the user ever knowing about what the session contains. Sessions can hold a lot of info, or very little, depending upon the architecture of the underlying application(s). In this case, Reddit is most likely holding your current subreddit* *in session, or current subreddits - which is important to think about... if you have multiple tabs open, which tab are you "online" for - all or one?* ***The "online users" is not a count of the number of people "actively looking" at the subreddit, it's a number used to gauge interactivity, which is calculated by reddit internally using session data, ceiling wax, and other fancy stuff.*** + +Even if you didn't understand much of the "wrinkly stuff" above, re-read the the bolded sentence. "Online users" is **not** the number of users that are **currently focused** on the subreddit. It includes browser sessions that left a tab open (ever leave an extra 15 tabs open?) or reddit being open in the app on your phone in the background (ever check SuperStonk every 5 minutes?). + +So, yes - I'm sure there's several shills and bots in there too (hi Ken and all his friends). But, based on what I've seen posted, many of us are tuned into this from the moment we get up til the moment we go to bed. I know I am. It's very possible we could actually have 100-150k active users on a daily basis. + +So, yes, we have bots. Yes, we have lots of non-subscribed visitors, but that's understandable because we're starting to get attention *and has been noted for a while*. I cannot disprove or confirm that the sudden drop in online users *isn’t* bots logging off en masse. However.... + +**I can confirm that this has been reported** ***in a positive light*** **since the initial GME/Superstonk split (which I was here for), which makes me suspect this is being highlighted because of FUD.** + +Posts dating back to inception: + +* ["Look at the online users"](https://www.reddit.com/r/Superstonk/comments/mkkdwa/almost_70k/) +* ["More users online than GME"](https://www.reddit.com/r/Superstonk/comments/mkosn6/holy_cow_guys_you_are_amazing/) +* [**"No other sub has this many of its users online at once"**](https://www.reddit.com/r/Superstonk/comments/ms9ny5/no_other_sub_has_this_many_of_its_users_online_at/) + +That last one is the most important. One month ago, we were celebrating having 66% of the sub online. Now... we're not? What changed? + +There very well could have been a ton of bots logging off - my point is that it was the only answer provided, **and it is 100% not the only possible answer and is based on BIAS.** *Also - did anyone posting these even check or monitor any other subs* *outside* *of their confirmation bias circle (Superstonk/GME/W-s-b) to see if they had the same issue? (****Seriously****, if anyone has this info, it is vital to check against a non-biased dataset before jumping to conclusions)* + +So, the data hasn't changed. The DD hasn't changed. **The only explanation is your emotions are getting the better of you**. One month ago we were celebrating the number of active users online and now it's being called sus. The fact that this sub is incredibly active has not changed. If you celebrated it before and now it's sus, your own FUD has affected your judgment. + +Grab a towel and a tea and for the love of the gods breathe. Nothing changed in the data, but your POV did. + +**It's the weekend, chill and trust the DD.** +If had invested $1 in 2012 (when I began contributing to my 401k) into an account that appreciated based on inflation, I would have $1.32 today. I have invested approximately $175k in 10 years (I try to max out my 401k contributions every year when I can). I received a quarterly statement today, and I have $5.8k in investment earnings, down from a peak of approximately $75k at the end of 2021. I am by no means near retirement age, I am sure it will go up sharply in the next few years, but this seems like a scam, and people near or in retirement are getting screwed. Is this still the best thing out there? Of course, this does not consider employer contributions. +I was painfully reminded this week of a relative who had worked hard all her life but neglected to maintain her health, and is now experiencing an extremely poor quality of life. She's tethered to her oxygen tank 24/7 and barely able to leave her house, save for the short ride to the dialysis center three times a week for treatment of her type 2 diabetes. Her health is so poor that even if there was an available kidney for transplant, they wouldn't give it to her due to the low probability of her surviving & recovering from the operation. She is relatively young, but both her and her husband (who recently passed away from coronary disease) focused on their careers and didn't pay attention to their health. She's literally waiting for her body to stop functioning, and it's so sad to witness--especially when knowing that all the dreams she and her husband worked for will never be realized. + +Please don't let this become you. I know some people can become overly obsessive about the accumulation of wealth above all else, but it's not worth it if you sacrifice your health in the process. As someone who has maintained my health into middle age, being healthy is more important to me than money. It's easy to neglect your health while on your FI journey, but in my opinion staying healthy and fit is much more difficult than getting rich. While you can automate many of your savings and investing habits, it takes active effort to eat right and exercise every day. As I get older, being fit has provided me with a much greater sense of accomplishment than achieving any financial milestone. + +Young people tend to have more health, and old people tend to have more wealth, but life is so much sweeter when you have both. Plus, when you're staying active and making fitness a priority, you're less likely to feel bored with life once work stops consuming the majority of your time, as /u/jasonlong1212 and other active redditors can probably attest to. + +Remember, it's much more difficult to regain your health once you've lost it than to maintain it as you go through life, so please don't neglect it. And if you're interested in FI and fitness, please join us in /r/FitFI! +Hi /r/ethtrader! Thank you for reading! + +In the last two months since I posted here, my team and I have been hard at work trying to make everyone's lives a bit easier for cryptocurrency and tax. In fact, we will be able to launch some tools this summer that will help optimize your trades from a tax perspective - as you make them. We think there's a chance we could even make it tax advantageous to use crypto vs. fiat... more on that later. For now, we would love to get your feedback on what we're working on. + +> The TLDR: [We made Cointaxes so you can estimate your tax liability and whether or not you have FINCEN obligations for free on our site](https://www.cointaxes.com). It was important to make this summary information free because our mission is create confidence and certainty around cryptocurrencies. + + +Please let me know if you have any questions or comments (I'll probably respond to every comment here!) + + +> [**Watch a Cointaxes' YouTube Series answering the top questions**](https://www.cointaxes.com/guide) How are cryptocurrencies taxed? Why should you pay this year? Am I taxed when I convert into fiat or pull money out of my exchanges? What about mining and airdrops? All this and more is covered! + +> **We launched a tool to help measure your FINCEN requirements for FBAR & FATCA** + +In my last post, I mentioned a "fun" fact around FINCEN requirements. The media is talking about this more [(i.e. CNBC - "How cryptocurrency investors could find themselves behind bars")](https://www.cnbc.com/2018/04/09/how-cryptocurrency-investors-could-find-themselves-behind-bars.html). The good news is it's really simple for the ledger technology we built to check if you cross the $10,000 or $50,000 thresholds. On our [site, Cointaxes,](https://www.Cointaxes.com) you can add your exchanges and then check if you have crossed the threshold. Importantly, we wanted to make this critical information available for free. Particularly because the the deadline is April 15. + +If you fail to file the FBAR, the deadline will be extended to October 15. You can read more about this on official government sites [General FBAR information](https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar), [FBAR FAQS (not super helpful IMO)](https://bsaefiling.fincen.treas.gov/docs/FBAR_EFILING_FAQ.pdf) and the [online form itself](https://bsaefiling1.fincen.treas.gov/lc/content/xfaforms/profiles/htmldefault.html). + +> **About Cointaxes** + +Cointaxes was formed and funded with the mission to establish confidence and certainty around cryptocurrency. We have a base tax preparation tool with support for Coinbase, GDAX, Binance, Bittrex, Poloniex, and Kraken. + +[We made Cointaxes so you can estimate your tax liability and whether or not you have FINCEN obligations for free on our site](https://www.cointaxes.com). Your detailed reports or Form 8949 for tax filing is behind a modest paywall compared to what we've seen other tools out there charging. + +We see global adoption of digital currencies as an inevitability. The uncertainty lies in how effectively and smoothly this once-in-a-lifetime shift occurs. As a tax preparation service, we have a special seat in the cryptocurrency ecosystem directly related to this uncertainty: it is our job to help both citizens and governments around the world understand how to use and treat digital currencies. + + +* We will regularly invite regulators, lawyers and tax experts to private discussions and public webinars to ensure you will have a firm understanding with each regulatory shift as the world adopts cryptocurrencies. + + +* We will conduct proprietary research and publish Cointaxes Guides to answer questions you may have about using your digital currency. + + +* We will provide [high quality cryptocurrency tax preparation software](http://www.cointaxes.com) for individuals and tax professionals. + +> **If our mission excites you** + + +* Please know that we are hiring. Contact jobs@cointaxes.com with a resume and cover letter. + + +* If you're are regulator or a crypto-experienced legal or tax professional, please contact experts@cointaxes.com with some background information and reason for connecting. + + +* Please consider following us on [Twitter](https://twitter.com/cointaxes) and liking our [Facebook page](https://www.facebook.com/cointaxes/)! + + +> **Newsletter update** + +If you want to stay on top of regulatory and tax related crypto news (as well as when we roll out shiny new tools) then [consider subscribing to our newsletter](https://cointaxes.us17.list-manage.com/subscribe?u=ffa9bb9a681d0dcb59dcbf2cb&id=06ed9ffdd3). + +If you signed up for our newsletter two months ago - sorry for the lack of content! We've been too focused on trying to get this product up and running in time for the deadline (barely made it!) We recently expanded our team and will be able to be much more consistent about the content we're creating! + +Important Disclaimers: For this post and any of my replies to your questions below... this is not tax advice and should not be relied upon for making any tax decisions. We always recommend speaking to a tax professional before making decisions related to your taxes and our guides are not a substitute for tax advice. +**Age: mid-40s.** + +**Annual household income: about 400K. Four kids, two currently in college. VHCOL area.** + +**Net worth: 3.7M, roughly evenly divided between taxable, retirement, and stocks in a family-held company.** + + +(I post on fatFIRE under a different user name, but this is a throwaway because of the specific numbers, largely because I don't want people on other subs I visit to see my post history and bring up my privileged position in an unrelated argument.) + +The family company in question was founded by an ancestor about 90 years ago, and has grown under the steady hand of various family members, most recently an uncle. Current valuation of the overall company was 800M by an independent auditor, but that value is spread among *a lot* of descendants of the founder and the families of key employees. + +My parents had been giving me and my siblings 20-30K in family stock every year for a long time, and I assumed this was designed to work through the stock in a timely manner, but this Christmas they sat me down for the first time and shared the numbers. They have about 15M in company stocks, and another 5M in liquid assets that are intended to pay taxes on the 15M if someone like Sanders or Warren changes the inheritance laws. I openly wondered why they didn't more aggressively transfer that money now, since the 5M would be easily enough to cover their expenses, which are about 120K or so per year at this point. And of course all that money is a lot less useful to me in 15 years as an inheritance than it would be now. + +Turns out they're doing this more limited gifting because of my annoying Brother in-law. My parents were stung by the divorce of my brother several years ago, when his ex took half the company stock with her and sold it back in the annual buybacks. My parents currently have a fraught relationship with this other BIL, who is admittedly a bit of a tool (and is probably cheating on my sister, as well), but it's especially my parents who don't get along with him. They're convinced my sister is going to get a divorce and potentially lose millions of the company stock, but they also don't want to treat her any differently than the rest of us. + +The company stock pays a dividend of about 2%, and has been increasing in value at 8-12% per year for many years. The company buys back several million a year in a sort of auction format, making it semi-liquid. There is, however, a fair bit of pressure not to sell back stock, as it's also a question of family control of the company going forward. People do it, but in a limited way. Nobody I know is actually decreasing their their value by more than the stock seems to increase on an annual basis. + +This is obviously not the worst problem to have, but seems odd to me that I'll already be retired by the time I come into money that could be a lot more useful now, especially with all these present and looming college expenses. +I used to think WSB was exactly what they describe themselves as: retards at a casino. + +While that still may be true, there might be some brilliance to their madness. + +Traditionally, valuations follow fundamentals. That's what we've all been taught: P/E, DCFs, revenue/earnings growth and multiples. + +TSLA completely shattered this reality. A promise of a company that could transform an industry led to retail investors piling up shares and increasing valuations past any sense of normalcy. + +While we can say that "eventually all bubbles pop" it doesn't really matter anymore. TSLA used this irrational market to raise $12B in CASH. That's enough to guide it through whatever obstacles it meets. With this war chest (and its retail investors "buying the dip") it's much clearer to see TSLA come out the winner of the EV/autopilot revolution and justify its $800B valuation. (There's a whole other argument to be made about top talent wanting to work in a company that will make you a millionaire thanks to stock options). + +In essence, fundamentals for Tesla are being built around its valuation. + +The recent GME hysteria seems ridiculous, but it could end up being a similar situation. While this week's movements is a game of liquidity between longs and shorts with a limited float, GME could end up being a leader in the gaming industry simply because of the amount of cash it will undoubtedly end up raising at these valuations. + +We've all heard that "the market can stay irrational longer than you can stay solvent", but that was said in a world when access to capital was more limited and a lack of technology only allowed linear growth. + +I'm slowly being convinced that due to technological exponential growth and access to capital, (many cases, not all cases of) irrational valuations will more quickly be caught up by fundamentals than they're caught up by a lack of support. That's especially true with stocks that generate emotional decisions such as TSLA. + +So, is it different this time? I'm beginning to think it is. +I'm starting to coast fire now, and wondering if any FatFIRE people that used to hustle feel like you have less time now doing not much? I realised that these days I would wake up make breakfast go out to the store have lunch then sit around the computer answering a few emails have dinner then play a few rounds of computer games go on reddit then suddenly it's snack and sleep time? + +I don't know how I used to be so productive and fit so much in my day. +Is this a retire-ing thing or a pandemic thing?? Any one else feel like you can't fit so much in a day anymore now that you stopped working? +Most of the posts here are related to Mutual funds as compared to direct equity. +I would like to hear your stories about how you picked that particular stock. How did that eventually turn out for you and mistakes you did, if any. +This [image](https://imgur.com/a/kq6Nj3X) was posted to the other sub during the halt. + +You can see that the minimum ask (sell) order is for $448,950 each for 2 shares and the “last” bid (buy) is for $0.02 with 2600 shares. These bids had to be planted during the halt or a millisecond before it happened for it to be the last buy order entered. + +If you take $448,950 + $0.02 = $448,950.02 and divide that by the 2602 shares it equals $172.54. That can’t be a coincidence +hi guys.. i’m actually 17 about to turn 18 in a few months, for about 6 months now i have been putting in hours and days learning forex trading and everything in between. when i’m 18 i get 10k to play with for forex. now my question is should i spread the 10 all over different brokers or one account with 10k in it. Also since i’m at my step fathers place i don’t have topay anything like expenses, rent, etc etc, i want to be able to move out around 21 years old achieving this thru forex profits is the ideal scenario. I think this is very possible... what do you guys think? what should be realistic expectations? +Hello friendos, and welcome back to another CoolKid PSA post. Credit score can be stressful and even confusing to some people, so I'd like to clarify a few facts about the responsible use of credit, paying interest just to bump up your score, and the concept of diminishing returns. Please note, this guide assumes you've at least *glanced through* the "credit" wiki. + +- Responsible use. Start here if you have no credit history or really bad credit. Get a secured credit card, preferably one which you would like to use as a regular credit card as well, and put all gas/groceries/misc living expenses on it. Pay off in full every month to reap the cash back/travel miles/points without paying interest. Repeat until you get upgraded to unsecured. + +Myth time!: Many people believe carrying a small balance on your credit card every month benefits credit score. Untrue! If anything, it *decreases* your score by increasing usage % + +Edit for clarity: *carrying a balance* means leaving a small balance on your credit card, past the due date, and paying the interest on it. I am *not* advocating for opening a card and then not ever using it. + +- Paying interest just to bump your score. I've seen several people, even users of this forum, advocating for taking out a small personal loan or car loan *for the sole purpose of increasing credit score*. This is entirely irresponsible. While it does work, *paying interest in order to bump your credit score doesn't pay off*. Why, you might ask? Because of the concept of... + +- Diminishing returns! If your score is anywhere within the 750s/760s range, you already qualify for the best deals, lowest interest rates, etc. Please note, *even if you are lower than this*, I still wouldn't advocate for paying interest. + +Myth time 2: The Electric Bogaloo!: Many people believe that using the above tactics to increase credit score before a big purchase, such as a car loan or mortgage, will pay off in the end due to a decreased interest rate on that bigger loan. a) Car loans are getting lower and lower, with many credit unions boasting a 1% or even 0% interest rate with a semi-decent score. b) Mortgages can be refinanced. c) using normal credit repair tactics, without paying interest, usually has the exact same effect with a *marginally* longer pay off time. + +Edit: Ok folks, yikes. I'm catching a lot of flak for my statements on housing and down payments, so I'm removing it. See my other [post](https://www.reddit.com/r/personalfinance/comments/6og0ax/countering_the_rent_is_just_throwing_away_money/) on "Rent is not throwing away money" for more on this if you're curious. + +Hope this helps some folks out there, and Merry Christmas. + +Edit: Removed myth 3, as it was partially incorrect. Check the below comment threads for more details by /u/Mildly_Uninteresting + +Everywhere you look people are talking about “crash” in RE prices. Say a crash comes and real estate is 30% cheaper tomorrow, why would anyone sell? Highly qualified 700+ credit employed people will panic sell and lose all equity, just to move into a rental property? I just don’t see it. + +For prices to go down we either need inventory to increase or buyers to disappear. For a crash or a fast downward acceleration in pricing we would need people to start panic selling….. +Hi all, + +Thanks for creating such a great community. I'm 27 y/o with $1.5M through inheritance. + +I have $700K invested in the market, $100k equity in real estate, and another $700K I plan to invest into the market this year. + +I work a professional services job netting about $150K a year. It's an okay job - people graduating from college vie for it since it has great career progression and great benefits. + +I'm in a position now where I feel like I'm just going through the motions daily - the only reason I do this job is so that I have cash flow. I know that if I take my $1.5M and invest it without touching it, in 15 years I'll have $4M (assuming 7% growth). + +But, this job doesn't excite me, nor do other companies/startups I look at. I truly don't care to work. All my needs are met - I live in a decent middle class house, drive a nice luxury sedan, and eat whatever I want, and travel 3x a year. For some reason, I don't feel like there is anything else I really *want* in life - some people here strive to eat at expensive restaurants, drive nicer cars, fly business class, etc. - none of that really interests me. I also don't feel there is any sort of archetype I am working towards becoming - I don't care to be the next hotshot company executive or public figure. I feel chasing professional achievement is so meaningless. + +Some people have suggested taking time off work to do some soul-searching - I did, 3 weeks off spent in SE Asia near Xmas last year, and another week off golfing with friends last month. I came away with nothing - there really isn't much more I look forward to working towards. I know I'll have a family and kids in a few years, and so yeah $10M+ would be cooler than having $4M, but why go through the effort? + +I have passions - cars and travel. But I also believe the second you start making your passions your career, they no longer remain your passion. I'd hate to be, say, a car dealer, or a travel blogger. I just want to sit around, do nothing, drive nice cars, and travel. + +Anyone else in this predicament? How do I reinject motivation into my life, or a goal to work towards? +creddit goes to ~~/u/samsens for [discovering this](https://www.reddit.com/r/Superstonk/comments/mqaxlh/holy_shit/).~~ [DOMO for highlighting and twattering this.](https://twitter.com/DOMOCAPITAL/status/1382064324248735744?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) + +___ + +As most apes already know [today Gamestop announced they are paying off there 2023 corperate bonds nearly two years early.](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) Now why would they want to do that when all that liquidity could be put towards reshaping the company? + +Well, according to previous quarterly-filing in 10-Qs to the SEC, the 2023 "10-year" Bonds Gamestop took out restricted the company from doing a number of things that are vital to reshaping Gamestop into an e-commerse business, and stops potential catalysts for a squeeze. + +[Here's a direct quote from Q2 2020 10-Q filing :](https://news.gamestop.com/node/18221/) + +> The indenture governing our 2023 Senior Notes and our revolving credit facility restrict our current and future operations, particularly our ability to respond to changes or to take certain actions or take advantage of certain business opportunities. + +>The indenture governing our 2023 Senior Notes and our revolving credit facility contain a number of restrictive covenants that impose significant operating and financial restrictions on us and our subsidiaries and may limit our ability to engage in acts that may be in our long-term best interest, including +restrictions on our ability to: + +>- incur, assume or permit to exist additional indebtedness or guaranty certain obligations; +- **declare dividends**, make payments or redeem or repurchase capital stock or make distributions in respect of capital stock; +- prepay, redeem or purchase certain indebtedness; +- issue certain preferred stock or similar equity securities; +- **make loans and certain investments**; +- **sell assets**; +- incur liens; +- engage in transactions **with affiliates**; +- enter into agreements restricting our subsidiaries’ ability to pay dividends; +- **engage in mergers, acquisitions and other business combinations.** + +###TA;DL: Gamestop just unlocked new business abilities. Bullish AF. +i'm new into investing in crypto but i'm already seeing some gains ( Still learning, bound to do some mistakes) , its just insane to me that some little gains have so much value here. + +I live in Brazil, things are REALLY rough here right now, alot of close people dying to covid, got a pay cut because of the quarantine ( Still, following it is the best course ) and the economy is getting worse everyday. + +Investing in crypto is the thing keeping me afloat, i had some gains ( 35 dollars ) from the BnB rise and it was already enough for my food supply of the month!! It felt so good to know that i can have this support. + +Thank you all that paved the way for this, and all that keep the market moving. +So you know that $216 million in debt that GME had on the books on it's 10k? + + +Tonight they announced that they're paying it all off by months end; +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + + +insert 1000 rocket emojis here + + +$400+ million in cash, no debt, entire new digital friendly leadership transforming the country + + +Domo Capital outlines what they'll be allowed to do now that the debt is gone; +[https://twitter.com/DOMOCAPITAL/status/1382064324248735744](https://twitter.com/DOMOCAPITAL/status/1382064324248735744) + + +Bullish as fuck....I mean, uh, yeah I'd short that terrible company /r/sarcasm + +Edit 1; holy shit that’s a lot of awards and karma! Hope you’re not buying the awards, spend that money on some stock you like instead. +TL:DR - 10 months ago [u/jumpster81](https://www.reddit.com/user/jumpster81/) wrote up [THIS](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) amazing piece of DD on bust out schemes perpetrated by Bain Capital and Mitt Romney. It seems that Wall Street has some way of internally sabotaging companies they intend to short. It seems like BCG is one of the tools used by Citadel and possibly other firms to do this. **IT GOES DEEPER THAN THIS THOUGH!** It's possible that the firms also defraud the companies **IN BANKRUPTCY COURT. Also possible they intentionally take these cases to the Court for the District Of Delaware because the judges are in Wall Street's pockets. The BCG Case was filed in the Court of Delaware. If BCG case goes to Delaware, entirely possible that Ryan Cohen will lose or walk into a trap somehow** + +# The BASICS + +* As u/jumpster81 wrote in his DD, the plan appears to be something like image 1, with similar conclusions being drawn today on the front page with image 2. A leveraged buyout is when someone acquires a company using a huge amount of debt (like 10% cash, 90% borrowed money) with the target company being posted as collateral. The target company is saddled with the debt afterwards. Jerome Powell himself made shit tons of money doing LBOs as I detailed in my video here: [https://youtu.be/930Dk2co7r0?t=212](https://youtu.be/930Dk2co7r0?t=212) + +[https://preview.redd.it/2cg2xmeg0fp81.png?width=702&format=png&auto=webp&s=5ad9294efef89ee0fbb215cd996c395121a7618c](https://preview.redd.it/2cg2xmeg0fp81.png?width=702&format=png&auto=webp&s=5ad9294efef89ee0fbb215cd996c395121a7618c) + +[https://preview.redd.it/0vpj0ngp0fp81.png?width=929&format=png&auto=webp&s=ad92a675accc1bb5b2d16597d90fda01810e3481](https://preview.redd.it/0vpj0ngp0fp81.png?width=929&format=png&auto=webp&s=ad92a675accc1bb5b2d16597d90fda01810e3481) + +* Tons of evidence for this - as u/Longjumping_College [pointed out today in his post](https://www.reddit.com/r/Superstonk/comments/tn2uuo/bcg_gave_consulting_advice_to_toysrus_as_well_as/) BCG gave consulting 'advice' to Toys R Us and Blockbuster. We all know how that ended up. +* [KBToys inexplicably decided to not sell video game consoles](https://www.nbcnews.com/id/wbna28179348) like the Wii during the holidays and their sales dropped 20% during the holidays which is usually a hot time for toy retailers. Bad advice perhaps? + +&#x200B; + +[https://preview.redd.it/az6p8kh92fp81.png?width=568&format=png&auto=webp&s=46e4986d18f80cbd15ebfd49ed0889521498df12](https://preview.redd.it/az6p8kh92fp81.png?width=568&format=png&auto=webp&s=46e4986d18f80cbd15ebfd49ed0889521498df12) + +# Shit Gets Real (Scary) + +This is the stuff we already know for the most part. Now here's where shit gets really real. + +* I've been following this sub for a long time, I've read countless DDs. This guy has popped up a couple times here and there, Laser Haas. Didn't think much of it until today. Laser Haas is the former CEO of E-Toys - one of the companies targeted by Mitt Romney / Bain Capital. He's been blowing the whistle on the crimes they committed for a long, long time. His story is big and super hard to wrap your head around but essentially - **Colm Connolly is currently the Chief United States District Judge of the United States District Court for the District of Delaware. He was ALSO Mitt Romney's lawyer and Bain Capital's partner and helped them commit the exact same types of crimes he's supposed to be currently prosecuting! Laser claims that, when his company eToys went to bankruptcy court, the law firm that was representing his interests in the case (MNAT) were ALSO secretly working for Goldman Sachs and Bain Capital! This is totally illegal in bankruptcy court and it's a huge conflict of interest.** You can read more about it [here](https://delawareliberal.net/2012/07/14/did-delawares-colm-connolly-run-interference-for-romney-and-bain-illegalities/) [here](https://www.dailykos.com/stories/2012/07/12/1108594/-Mitt-Romney-s-2001-Secrets-Lies-Assuring-Bain-Capital-Mitt-s-Politico-Inevitable-Demise) and [HERE](https://medium.com/@laserdliquidator). Proof that Colm Connolly worked for MNAT during the eToys bankruptcy case on the DOJ's website [HERE](https://www.justice.gov/archive/olp/colmconnollyresume.htm) +* THE KBTOYS CASE WAS FILED IN THE DISTRICT COURT OF DELAWARE, SO WAS THE eTOYS CASE!! Click 'Court Docket' here: [https://cases.omniagentsolutions.com/?clientId=2438](https://cases.omniagentsolutions.com/?clientId=2438) for proof that eToys' case was in Delaware and [https://www.nbcnews.com/id/wbna28179348](https://www.nbcnews.com/id/wbna28179348) for proof that KBToys' case was filed in Delaware. +* Laser explicitly stating that Colm and others are in the pocket of Bain Capital / Sachs / the powers that be [https://youtu.be/qv1YGJjmOpo?t=152](https://youtu.be/qv1YGJjmOpo?t=152) + +&#x200B; + +[Laser's blog post on Medium](https://preview.redd.it/1uanu71b7fp81.jpg?width=877&format=pjpg&auto=webp&s=3ec097b96d9f16e40da5b0ec1c5a1e111cdd8d30) + +**When I read that the BCG v GameStop case was filed in the court of Delaware, I got chills all over my fucking body. The corruption runs so much deeper than we can imagine guys. It's all a web of evil financial terrorism.** I seriously hope that RC can find a way to get it out of the court of Delaware. + +EDIT: It's being filed in Delaware because GameStop and pretty much every other company is incorporated in Delaware because of the lax business laws. That being said, it makes sense why the powers that be chose to take over Delaware court specifically and why they probably love Colm Connolly so much +As the title states I've gotten my first taste of flipping and now have a little over 150k in cash. I would like to begin my next project (new builds or reno, even small communities like 3 or 4 townhouses ) however I don't want to use a hard money lender or finance the project with my actual liquid funds. + +I've read tons of blogs talking about using banks to grow the business.(using cash as collateral and such) but can't really find best next steps to iron out a business plan. I do have a LLC and would like to grow. i have some key vendors like, excavators, plumbers, electricians, painters and working to add more. + +I'm working out of Atlanta GA. (and surrounding Metro Area) + +Any advice would be greatly appreciated!! +Only three times in Major League Baseball postseason history has a team come back from more than 7 runs. + +1929 - Philadelphia Athletics +2008 - Boston Red Sox +2022 - Seattle Mariners + +Octobers of 1929, 2008, and 2022. + +Market Crash confirmed. + +Buckle up. +&#x200B; + +https://preview.redd.it/zr583721wqb71.jpg?width=700&format=pjpg&auto=webp&s=05d6c1c9eda0e33e970a938865e65ccf68c1c8c3 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/v872p06gsqb71.png?width=1200&format=png&auto=webp&s=073e46acae7b387fdaacbfd86dc563a8b432c262 + +Myer was founded over 120 years ago by an enterprising Russian immigrant, Sidney Myer, who had come to Australia during the gold rush. He started up the first Myer store in Bendigo, Victoria in 1900. For many years the chain of stores grew under the ownership of the Myer family. + +&#x200B; + +[The Original Myer’s](https://preview.redd.it/2qp96tsgsqb71.png?width=1000&format=png&auto=webp&s=f636458124c0381eefec8fa013e6f8eebc5ec7d7) + +By the second half of the century, Myer had a national footprint, having acquired another major upscale department store chain (Grace Brothers) as well as a discount store chain (Target). When it merged with Coles in 1985, it was, at that time, the largest deal in Australian corporate history. + +Ultimately, Myer was spun off again when it was split and floated on the ASX in 2009. Today, with 60 stores around the country and over 2 billion in annual revenue, it’s one of the best-known retail store brands in Australia, having long been the country’s largest upscale department store by revenue and store numbers. + +# The Checklist + +* Net Profit: positive last 9 of 10 years (loss in FY20). Neutral ⚪ +* Outstanding Shares: 1 cap raise in 2015, otherwise stable L5Y. Good ✅ +* Revenue, Profit, & Equity: trending down L10Y. Bad ❌ +* Insider Ownership: 20.6% w/ on market buying @ \~30-35c in last 6m. Good ✅ +* Debt / Equity: 861% (?!) w/ Current Ratio of 0.8x. Bad ❌ +* ROE: 9.1% Avg L10Y w/ -4.7% FY20. Bad ❌ +* Dividend: 17.3% 10Y Avg Yield w/ 0% FY20. Bad ❌ +* BPS 26cents (1.9x P/B) w/ NTA -25cents (#N/A P/NTA). Bad ❌ +* 10Y Avg: SPS $3.21 (0.2x P/S), EPS 10cents (5x P/E). Good ✅ +* Growth: -2.7% Avg Revenue Growth L10Y w/ -13.5% FY20. Bad ❌ + +**Fair Value: $2.79\^** + +**Target Buy: $1.39\^** + +^(\^Obviously well above actual fair and target values. The major difficulty of trying to evaluate a falling knife is that historical figures can be misleading. For a business that has been in decline, the historical figures would tend to indicate that the current price is highly undervalued--a value trap.) + +^(The true value of the stock is in the future earning potential. In the case of a stable or growing business in a bull market, one cannot go wrong if buying at a discount to historical earnings, so it is an easy mistake to make.) + +^(However, there is serious potential in turnarounds, where a company is heavily undervalued to future earnings due to having had a prolonged decline--a deep value play. But the risk is high, and therefore the diligence required must be thorough.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/k1lnmzvssqb71.png?width=1836&format=png&auto=webp&s=742101e570b91ff7d4cbb4db524fff7c826ca44c) + +When Myer listed on the ASX, their share price floated at $4.10. A harbinger of things to come, on it’s very first day of trading, Myer lost 8% and closed at $3.88. For a fleeting year, Myer was worth over $2billion in market cap, and up until 2018, it was part of the ASX 200. + +However, Myer never recovered to its float price, reaching only $4.02 in Sept of 2010. It has been on the decline for nearly all of its years on the exchange. During the March 2020 crash Myer reached an intraday low of 8.3cents. At that point in time, any bagholder from the original listing would have been down **\*\*\*98%\*\*\*** on their investment! And though it has improved almost 600% from that all time low, at the close of Friday (16th July 2021) @ 49.5cents, Myer is still 88% down from its all-time high. + +# The Diagnosis + +The short answer: Department stores are antiquated and are dying a slow death. + +&#x200B; + +[Bloody customers never learn.](https://preview.redd.it/1x0t9y0vsqb71.png?width=1400&format=png&auto=webp&s=405d6bb0e13e48ef1ea030dd3d2480b1fbac66d8) + +The long answer: Myer has certainly been in decline, and the idea that brick and mortar is dead has some merit, but is over stated. The success of JB HiFi and Harvey Norman, as well as discount department stores like Kmart, have shown that there will always be a market for in-person shopping if done well. In fact, Myer’s struggles would seem to be more heavily linked to their business being badly run for many years. Increasing costs, falling margins, and overly top-heavy management have contributed far more to their decline than actual decreases in revenue. + +&#x200B; + +https://preview.redd.it/l50o4jzwsqb71.png?width=1050&format=png&auto=webp&s=a3666e87ebc1637d056675990b96f89d8cde7dc8 + +For example, from FY11-FY16 Myer consistently posted over $2.7b annual revenue. While not growing, it was surprisingly stable. What was not stable was their net profit after tax, which was falling dramatically in that same time frame. So badly, that even though Myer had a slightly better top line result in FY16 than 6 years previous, their net profit had fallen almost 60%. + +At that point, Myer hired a new CEO, Richard Umbers, who almost immediately went to market with a $220m capital raise for a “turnaround plan.” In hindsight, the plan appears to have been primarily aimed at clearing out some of the increasingly onerous half a billion in debt (which Myer had made no progress on paying down in the 6 years previous), and not much was effectively done to actually fix the underlying issues. + +Indeed, under Umber's leadership their profitability didn’t improve and, even worse, their revenue began to slide too. Umbers was sacked in 2018 after steering the company headlong into a 486m loss, which at that point was larger than Myer’s entire market cap. To be fair, the loss was attributable mainly to write-downs in its intangible assets, but it was clear to many that Myer was quickly headed towards insolvency if it could not arrest the decline. + +# The Outlook + +Enter John King. + +Having revived the House of Fraser, a 172-year-old department store chani in the UK, King may have been the best man for the job. Since taking on the job, his strategy has been threefold: + +1. *Launch Myer Online* – this was part of how King helped bring House of Fraser back, by getting them online in a serious way. Now, Myer’s website is the largest single contributor to revenue. +2. *Reform Customer Service* – King travelled around the country to each store, and spent one day a week serving customers on the retail floor as part of his effort to shift the business culture. Customer satisfaction metrics have significantly improved. +3. *Cut Overheads Heavily* – a huge percentage of the bloated top heavy management positions were cut, and he put into place plans to move the head-office to a building ½ the size in 2021, which is coming to fruition now. + +In FY19, one might have seen the glimmer of King's plan starting to take shape. Myer improved its underlying net profit, despite still having a slide in revenue, and the website was in full swing contributing a bit under 10% of the total revenue for the company. + +**Cost Reductions & Balance Sheet** + +When evaluating Myer’s overheads and balance sheet, perhaps the first thing that is noticeable in the last couple of financial years is the seemed explosion in its debt, from 86m to 1.6billion from FY19 to FY20. This leads to some really absurd metrics like over 1000% debt/equity and a negative net tangible asset value. + +Digging one step deeper, one realises that the explosion in debt was a product of the changes in reporting surrounding lease liabilities. Myer only has about $75m in actual borrowings. Most of the “debt” on its books is its store leases. Furthermore, a large number of those leases are on a very long-term basis (8+ years), which really blows out the numbers. More than half do not expire until after 2030. + +&#x200B; + +[Composite from the 1H21 presentation](https://preview.redd.it/k9vcfhx0tqb71.png?width=1974&format=png&auto=webp&s=b4b9ea4bca6561115721726afda00996a0153295) + +While many companies didn't see a dramatic change in their book value as a result of the new reporting, Myer's heavy lease exposure saw its book drop 60%. No doubt, the leases are not inconsequential, they are not quite the same as the crushing debt that it once held prior to FY16. These lease liabilities are very spread out over, literally, more than a decade. Servicing these liabilities doesn't necessarily require big profit levels, but rather consistent cashflow. + +Furthermore, the lease liabilities are perhaps not as rigid in their nature as much as a hard debt would be. In a counterintuitive way, though 2020 was a difficult year for Myer with many of its stores closed for much of the year, these circumstances have become a catalyst for change in its leases. Myer has been able to renegotiate many of those liabilities by reducing unneeded floor space and exiting unprofitable stores. In 2018, Myer’s leases represented a total liability of $2.8b. Having brought that number down to $1.6 by FY20 is actually an impressive feat on its own, if not necessarily well recognised. + +In addition to cutting back on their head-office costs, the changes have contributed to a significant reduction in the overall cost structure for the group, even before the Government’s Jobkeeper support is factored in. There are plans underway to further and substantially improve these cost reductions in the pipeline. Such a reduction would see the company generate profit levels it hasn't seen in years, even without a tangible change in its revenue. + +This has led Myer to be left at the end of the 2020 calendar year in a substantially better position with their balance sheet. At the time that the 1H21 report was released, Myer had more cash in the bank (\~$200m) than what their total market cap was at that point. + +**Online Growth & Turnaround Indications** + +Another interesting aspect of the 1H21 report was the dramatic increase in their online sales. + +&#x200B; + +[Composite from the 1H21 presentation.](https://preview.redd.it/r00sb8xqyrb71.png?width=1872&format=png&auto=webp&s=f4a354135c9fa4daa2d3c7b3560e8c74d41a82fc) + +In FY20, Myer’s online sales had improved 73.6%, and pulled in revenue of $423million to the group. To put this in some perspective, Kogan (KGN) during the same period had revenues of $492m and was trading at $20 per share @ 80x P/E on an EPS of 26cents. Myer's online store is nearly as big, and only represents a fraction of their overall business, with historical EPS levels that could rival that. + +It’s also worth noting that despite lockdowns forcing some of its stores to shut for weeks (primarily CBD stores), Myer showed continuing strength in the regionals stores on a compariable sales basis. If anything, the lockdowns demonstrated that Myer’s brand had legs outside of the store front with the dramatic growth of its online offering. Furthermore, that the company’s turnaround plan under King seemed to be gaining momentum when looking at the sales at the less effected stores. + +&#x200B; + +[Myer One App](https://preview.redd.it/ufgoslt6tqb71.png?width=1000&format=png&auto=webp&s=8ddd921f0bc9c13ce9a5c677916d202fee8593f3) + +It's worth mentioning that Myer’s strength as a brand has some implications behind the true value of its Myer One program. With 5million+ Members around the country, Myer has about 20% of Australia signed up. Those participating in the loyalty program accounted for about 70% of Myer’s revenue in 1H21. + +In 2021, Myer is certainly not out of the woods with regards to lockdowns. However, with the renegotiation of leases, and the online store firing on all cylinders, and what would appear to be a fairly loyal customer base, I think that the market's concern of an imminent insolvency has been alleviated. + +# The Verdict + +More recently the hot talk on the street hasn’t been about whether Myer will survive, but about who will be leading it. + +**Premier Investments** + +Years prior, in 2017, Solomon Lew through his Premier Investments had acquired an 11% stake in Myer. At the time he launched an unsuccessful bit to take control of the then faltering department store. Part of the issue was other large institutional holders like WAM voted against him. + +&#x200B; + +[Not a bad stonk.](https://preview.redd.it/0kmcl72juqb71.png?width=1600&format=png&auto=webp&s=711d6c9b2cb4830c808190c8afad1a210b909dd0) + +Lew had previously been the Chairman of Coles Myer in the 2000s, prior to the split. He has some substantial history with the Myer brand. Lew cut his teeth in the retail industry and has become a billionaire in the process. His Premier Investments houses brands like Just Jeans, Peter Alexander, and Smiggle. Premier over the years has done pretty well with Lew and his team at the helm. The stock listed in 1999 at around $2.50, and has in that time grown tenfold, currently trading around $27 on a 20x P/E ratio. + +Since acquiring his 11% stake and his unsuccessfull attempt to spill the board, Lew's been on the sidelines as perhaps one of the biggest bagholders in Australia. Every year arking up as Myer board posted worse and worse results. Last year after the FY20 result showed an underlying loss, Lew managed to force the previous chairman to resign when WAM finally sided with him. However, there has been very little word out since then about what has been happening behind closed doors. + +Earlier this month an enormous block trade occured after hours for 41million shares @ 40cents. What was odd about this trade at the time was that the closing price earlier that day was only 37cents. Something was afoot! + +&#x200B; + +[Crafty Old Man](https://preview.redd.it/fx8dxbkfuqb71.png?width=1200&format=png&auto=webp&s=9eeed7006efedc4edd17bbed274140d0f63c509f) + +Perhaps not much of a surprise that the culprit behind the trade was Lew himself. He had managed to acquire another 5% take, pushing Premier Investment's interest to 16%. The next day, an announcement was released by Myer’s board stating that they were “willing to negotiate.” Premier fired back by demanding that the rest of the board resign! + +&#x200B; + +[I think the one in the red shirt might be Solly Lew. 😺](https://preview.redd.it/lyn6efdkuqb71.png?width=800&format=png&auto=webp&s=c083415e62e248bf5fda62e9b74384a068841501) + +Myer could well benefit from having someone of Lew’s calibre at the helm. He showed some of that business acumen in his high stakes negotiations with Scentre Group (Westfields) last year over rent and lease obligations, forcing the multibillion dollar landlord to compromise with Premier. In addition, the talent that Lew can bring to bear could help to further steer Myer back to profitability. There's rumors that the previous CEO of JB HiFi, Richard Murray, might be the pick to chair the board, should Lew get his way. At the very least, investors seem to think Lew would be an asset. In the span of 2 weeks since the block trade, Myer has gone up over 30%. Probably the biggest “risk” at this point is that Lew gets too good of a deal. + +# The Target + +Perhaps that’s ultimately the real question here. With Myer trading at just under 50cents now, are they still a good deal? To find out, one needs to have a good idea on where they will finish for FY21. Though, this is actually a bit more difficult than it might seem. The main problems are: + +* Retail is seasonal (1st half has Christmas holidays). +* New reporting requirements obscure historical patterns. +* Lockdowns depressed CBD store revenue significantly in 1st half. +* Online may have offset closures, but we do not know by how much. +* 2nd half has been more open, but gov restrictions presumably are still an issue. +* Jobkeeper also bolstered the numbers, but hard to determine how relevant. + +&#x200B; + +https://preview.redd.it/iz2nwwnauqb71.png?width=1032&format=png&auto=webp&s=9c7635b064d68f9793ee131b2a0b3c19637161be + +Reverse engineering the 2H results from the last few years, and using consistent reporting numbers and underlying profit levels one can start to see a pattern between the first and second halves. It seems like at least during those two years, revenue and EBITDA had relatively consistent relative results. + +NPAT was a bit less reliable, but given that EBITA and NPAT in the first half was very similar to where it has been in the last 3 years, it seems reasonable to take the difference between the "normal" years of FY18 and FY19 as a bearing to estimate what it could be for FY21. + +There is still the question of lockdowns, which make it impossible to truely factor out its potential ongoing effects on 2H21. However, the first half was experiencing similar struggles, and given our ratios are based on those potentially already depressed figures, it seems reasonable to consider that the downsides from lockdowns are already baked into the cake, so to speak. + +Jobkeeper is the last point of contention in a similar manner, but I think it is also reasonable to consider that is offset with the expectations that further cost reductions were achieved this year. King himself indicated that if jobkeeper had not existed, Myer would have just been more aggressive in their own cost cutting. + +Thusly I come to the following FY21 estimated fundamentals: + +* SPS - $2.47 +* EPS - 3.7cents +* BPS - 26cents +* BPS (hist.)\* - 60.7cents + +^(\*I’ve included a historical, pre-AASB16 book value as a means to hedge the leases, which otherwise have dropped Myer’s on paper book from 73cents down to 21cents just through accounting method, though in reality their position is actually better than it was years before.) + +To hedge even more conservatively, given the years of decline, I’ve opted to calculate the fair value at reduced multiples to provide a margin of safety (1x P/S, 10x EPS, 1.8x P/B), which gives the following: + +**Fair Value (FY21) - $1.10** + +Regarding the target price, I think as a result of the two very different approaches to book value over the last couple of years, its relevant to use both to calculate different targets (depending on how one might view the significance of the lease liabilities): + +**Target Price (FY21 hist.) – 58cents** + +**Target Price (FY21 current) – 38cents** + +I would observe that the last few years history of Myer’s share price, it seems to have floated roughly around its book value. This makes sense, given that there have been fears that it would go insolvent. + +Thus, the lower book value under the revised reporting might be a drag to getting to the same sort of levels that it previously held in 2018 and 2019, despite likely having similar results. At that point in time it hovered around 50-70cents. As such, I think that the share price has caught up to most of its current potential. + +However, compared to even a very conservative estimate of fair value, in my opinion Myer is still trading at a significant discount. If Myer can start to demonstrate that the company has turned the corner and start to produce the kind of profit margins that they enjoyed previously, perhaps even start paying dividends again, then I think it could easly close the distance to a "fair value" level of around $1.00 in the near term. + +The upper limit in the medium term is probably closer to the $2 mark, when looking at historical levels. And long term? With consistent and improving trends, it’s not hard to see Myer finally claw itself back to its original highs. Though, there is a lot of ifs and buts in those projections, and the assumption here is the belief that Myer could regain the sort of revenue levels it had 5+ years ago. That is far from certain, even if they do survive. + +# The TL;DR + +At over 120 years old, Myer has long been one of the most recognized names in Australian retail. With 60 stores nationwide, and over 2 billion in annual sales, it has been the largest upscale department store chains in the country both in terms of revenue and in terms of number of stores for decades. + +[Myer's 2015 Christmas window displays w\/ Jennifer Hawkins](https://preview.redd.it/2a0n5tfftqb71.jpg?width=650&format=pjpg&auto=webp&s=0f147b1ab24bb7e119fbe806e526307b988b6db4) + +In recent years, Myer has fallen on hard times, with many saying that the days of brick-and-mortar stores are over. Online and speciality retailers threaten to cannibalise the old behemoths. And for several years, there has been serious concerns that Myer would become insolvent. + +However, under fresh leadership of John King, Myer has done a lot to shore up its position, cutting costs and launching its online store. This was no small part of why Myer was able to weather the lockdowns of 2020 and finished up the year in a stronger position that it has been in for years. It's online store alone racking up revenue figures fast closing in on half a billion a year. + +Even with the recent boost in Myer's share price, it seems to me that they are still well under their fair value, should the company continue to show signs of strength. This annual report could perhaps be their most crucial since listing on the ASX. With a positive result pointing to further progress in the turnaround, I think Myer could regain a lot of the value that is otherwise heavily discounted in its current share price due to uncertainty in the store’s future. + +Not to mention the recent developments with retail billionaire and Myer bagholder, Solomon Lew, point to a further shake up in the Myer board. There is speculation to all manner of possibilities being on the table. The market seems to think Lew’s larger involvement with the business as a positive for their future, with a big bounce in the share price after the news. Lew's plans could easily play as a wild-card in Myer's future. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice* 🚀🚀🚀 + +*P.S If you can't get enough of Myer and you want to read a novel, this installment of Catching the Knife is actually somewhat of follow-up of a* [*DD I did on Myer earlier in the year.*](https://www.reddit.com/r/ASX_Bets/comments/lnhdiw/myr_your_mothers_favourite_stonk/) *Major flaw in that analysis was that I had completely missed the mark on the nature of the debt. Though there is some in depth commentary on retail and Myer's position in the marketplace that may be of interest.* + +*I'd love to hear other's opinion on MYR* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): SSM, CGF, URW, IPL, COE, SGH, FLT, Z1P/APT, SXL, RFG, AZJ.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +I've humbly hit fatfire territory. Thanks to work and moving, I'm in my early 30s, my social circle is close to naught, and my relationship of 4 years recently ended. I've only lived a middle class life so this is all new to me. + +Are galas or artshows useful? Do people actually meet there? Is that all there is? + +Annual budget is ~200k. +I, like all of you ( I assume) would be transferring my shares not because I would seek to cause an issue in the market or collude to do so at all. + +I, like all of you, (I assume) would be transferring for my own reasons, my reason is because I don't know if I can trust the DTCC and I personally feel safer with my shares in Computershare. + +If by chance people transferring shares for their own individual reasons causes a MOASS, that is not anyone's fault. + +I would deeply caution anyone from saying that " we are transferring to start the MOASS, " no WE are not; it is all for our own reasons. Period. +My post is not intended to be a one-size-fits-all approach. It’s merely a lowly account of how I beat the cycle of poverty. I will mention parts of my personal 30+ year journey as illustrative examples. I’m a very pragmatic person, so I like organizing my points into actionable deliverables and providing practical tips. + +I’ve noted common vs. uncommon advice so that it helps you skim / skip. Even for the common advice, it might be worth the read because I’ve attempted to narrow it down to the most useful / impactful ones that worked for me. + +&#x200B; + +1. **\[Common\] Your greatest asset is your health, don’t overlook it.** I know some of us had to work multiple jobs, myself included.. but I learned this the hard way. Your health should always come first. Without it, you can’t work and you can lose everything. + 1. **Active prevention** \- Eat right, exercise and get an annual physical (if you’re able). You don’t have to pay for a gym - walk 30 minutes a day around your neighborhood at a minimum! A cheap alternative to the gym is the city community center ($30 for the **entire year** in my high cost of living city vs. $30 **a month** at a commercial gym). + 2. **Don’t overwork** \- Each person has his or her own limit, but… don’t take on too much. You can suffer from exhaustion and die from it. + 3. **Keep your mental health in check** \- Talk about your struggles with loved ones, and seek outside help from counselors, a religious leader or even Reddit! Mental health is so important and without it, we can make bad decisions that have irreversible consequences. +2. **\[Uncommon\]** **Sacrifice** \- Unfortunately, living in poverty taught me that it is filled with heavy sacrifices. + 1. **Some social events** \- I was never able to attend school dances. Why? They cost money and I was barely able to afford clothes. I wore a rotation of 2-3 school outfits the whole school year. I spent my early twenties busting my @ss off at work to get out of the projects. There was nothing like drive bys during holidays to motivate me to work harder. People who love you, will make time for you, and vice versa. To some, social events are very important. Although it was painful at the time, I don’t have any regrets. + 2. **Material necessities** \- Having a car is a necessity in my area… and I had to take several hours of bus rides when it could have taken 20-30 minutes by car. As a woman, I was not able to afford beauty products when I was poor. It was tough, but at least there were workarounds... + 3. **Time, effort and sleep** \- Greatest things you’ll have to sacrifice when you don’t have money… + 4. **Dignity** \- Working at the bottom could be one of the most dehumanizing experiences one can face. People use you and treat you like shit. They talk over you, yell at you, tell you you’re not worth it in some form, etc. How I overcame this was by becoming more emboldened and standing up for myself. **DOCUMENT evidence**, my friends. BE VERY SPECIFIC with dates, times, places, quotes, etc. and email it to yourself, should you ever need to use it. Unfortunately, some people just don’t have class, so when they resort to **personal attacks**, I shut it down **immediately** by simply stating that it is below my level of professionalism when someone is unable to stick to the work product. I’m used to having experts nitpicking and tearing apart my analyses… and one of the hardest lessons to learn early in my career was not taking these critiques personally. I used to be afraid to speak up to abusive bosses for fear of losing my job… but I armed myself with knowledge and experience to combat this. So I learned how to argue, come up with counterpoints, poke holes in their logic and reasoning, but most of all - control my emotions and being professional even when others are unprofessional. Don’t get me wrong, I’ve had awesome bosses as well, but early in my career, I’ve had to deal with an inordinate amount of bad ones. Growing up, bullying was common for being poor. I was made fun of for a lot of different reasons, but it taught me to be resilient and enabled me to improve myself. +3. **\[Common\]** **Make friends and network** + 1. I’d say about 33% of the people at a previous firm were hired through friends and/or family. They had a guaranteed interview at a minimum vs. someone submitting a resume had like a 1/100 shot at an interview. + 2. One coworker I had was incredible. She would befriend almost every client we had and was so genuine… She had a personal touch with each person. You better believe she was one of the most amazing people I’ve had the privilege to work with and to learn from. + 3. Networking and making friends allows you to have more job opportunities and tap into a pool of resources. Different people are good at different things. They can help you out in life and vice versa. +4. **\[Common\]** Capitalize on your strengths, minimize your weaknesses and develop yourself. + 1. **Know what your strengths are and cultivate them.** I used to be painfully shy and had trouble speaking to everyone. However, I had to change this in order to get good grades, be gainfully employed and move up the ladder. **Communication skills** are absolutely necessary in order to get ahead in life. The ability to be persuasive and convincing with your viewpoints, the ability to distill complex information in an understandable manner, utilizing humor to lighten intense situations and being able to give valuable input and solutions - all of this is rolled up under communication skills. + 2. **Minimize your weaknesses.** We all have weaknesses, and you need to find out ways to mitigate them. Some people are predatory and will try to use them against you, or we can just fall short at times. It’s good to admit we have them and try our best to improve. +5. **\[Uncommon\] Try to be nice to everyone, even the @ssholes.** + 1. Don’t burn your bridges, if possible. It’s a small world out there. You will most likely run into people again at some point especially if you work within a certain field. Even if someone did you dirty, keep it professional and move on. I don’t waste my energy trying to get revenge, or telling them off, or whatever… things have a way of evening themselves out. + 2. Sometimes, you have to work with @ssholes. Be nice to them, or at the very least, deliver the message without negative emotions. You never know when the jerk will actually help you. +6. **\[Uncommon\] Opportunities** + 1. **Learn how to identify opportunities, prioritize them and take action on the right ones.** First, it might be easy to identify opportunities if you’ve grown up without many. However, there is an art to knowing which ones to take or leave behind. What I mean is that some opportunities are indirect or too speculative. Some are tempting but are too risky… In the end, it depends on what you want and what you value. For example, it might be tempting to take the higher paying job offer that has little upward mobility because you have an immediate need for money, but in the long run, career development and advancement becomes increasingly important. + 2. **Create opportunities.** You can create opportunities especially nowadays. I created my own jobs by learning some musical instruments and providing lessons that paid me twice the minimum wage at the time (which was still much less expensive than what professional musicians charged), and the occasional gig at $100 an hour. For the record, I disclosed to everyone that I wasn’t a professional musician. + 3. **Opportunity cost.** Evaluate your opportunity costs. Although you might have no choice but to be the fixer of your car / water leak / random plumbing issue / etc., be an assembly person, cook, etc. if you’re able to afford it, it might be worth it to hire a professional to save you the trouble. I calculate how much I make an hour and multiple that to the estimated time it will take me to fix it, and then make my decision. Some opportunity costs aren’t quantifiable by money, but might require sacrifices made on life events. I remember not telling my mom about the parent conferences or mommy and me events at school, because I knew she had to work. +7. **\[Common\] Take advantage of the resources available to you** + 1. There’s no shame in asking for help, but be proactive as much as possible. Take initiative, and take advantage of the resources available to you. It goes both ways. One day, when you’re out of poverty, you’ll remember the help you got and hopefully help others! No one can do it alone. +8. **\[Uncommon\] Your greatest business partner is your significant other.** Think of it this way - Who gets half (theoretically) in the case of a divorce? Cut people out that are toxic and get closer to the ones that make you better. + 1. Haters - There will be haters and naysayers around you. Don’t let the hate get you down. + 2. Try to surround yourself with people that make you better, not worse. + 3. One of the biggest decisions in your life is settling down with “the one.” It has a great impact on your financial life. Sometimes, you can get out of poverty from marrying someone well off; other times, you can get into the trappings of poverty from marrying someone who makes bad financial and personal decisions. All I can say is, do whatever you can to be self-sustainable because the divorce rate is 50%, people’s health fail, shit happens, and in the end, it’s up to you to decide how you want to live your life. +9. **\[Common\] Know your audience and learn how to pitch yourself** + 1. You need to know your audience and adapt to their preferences. This means that you may have to study up on the common trends, specific vernacular and small talk in your desired career field. + 2. Learn how to pitch yourself, not only for interviews but to advance yourself in your career. +10. **\[Common\] Strike a balance** +11. Try to strike a balance in all that you do. For major decisions, sleep on it and get other people’s viewpoints - especially opposing viewpoints. Don’t surround yourself with yes people because this will hurt you in the long run. +12. **\[Common\] Grow your money / earnings potential.** +13. **Education** \- Learn the necessary skills to earn a decent paying job. Whether it be college, trade school, certificates, apprenticeships, etc., gain the knowledge in order to get the experience, which leads to more $$$. There are many threads on this, so I won’t go into further detail. It’s worth noting that I tried to get accreditations and degrees on paper from well-established institutions so it minimizes any credibility issues. +14. **Experience** \- Even if it’s an internship, you need to get your foot in the door by getting real experience. I recall many “entry-level” positions requiring some experience… +15. **Branch out into related fields** \- Jobs are becoming highly specialized. Try not to pigeonhole yourself into one niche and be adaptive to the needs of the job market. +16. **Investing** \- Take advantage of any matching offered by your company, learn how to invest your money even if you don’t have it yet. I believe in value investing and investing in companies that have differentiation, a clear path towards revenue, and actually making revenue. I try to stay away from companies that are losing money even if they are well known (even if it’s in a growth stage) - different thoughts on this though and it’s largely personal preference. Diversify your wealth so that you don’t lose it all at once. +17. **Depends on your area, but try to save up to buy a home** \- Rent money goes out the window vs. you’re able to build equity when purchasing a home plus tax benefits. Lots of advice on this elsewhere. +18. **\[Common\] Learn how to manage your money and track it regularly.** This goes hand in hand with building wealth. What good is it to make a lot of money when you don’t know how to keep it? +19. **\[Uncommon benchmark\]** Differentiate necessities, nice to haves, and wants / splurges. Denote the frequency of use. Analyze how much of your spending habits fall within each bucket. When I was living in poverty, 99%+ of the money spent was on necessities. It was rare that I would get a Christmas present, and I remember thinking as a young child that it meant I was a bad child. I cried myself to sleep and then cheered myself up when I came to the conclusion that Santa couldn’t give me a present because my apartment didn’t have a chimney. (I lived in the suburbs, so we didn’t have toys for tots programs nearby.) +20. **Track your spending habits.** This will make you aware of how much you’re actually spending / wasting / saving. It allows you to make corrections expediently and makes you accountable. +21. **\[Common\] Save, save, save.** +22. **Saving money** is the first step to getting out of poverty. If you have a 90%+ rate of spending behavior vested in necessities, then it means that you are getting the required discipline to save. Analyze how many unexpected financial events happened in the past year, and then adjust your savings rate % accordingly, or better yet, use a 5 year average. +23. **Biggest savings behaviors** \- Cooking at home, ability to fix things, being good at administrative stuff / filling out paperwork pay off, big time. +24. **Savings from coupons.** Whether it be online, or the ads you get in snail mail, utilize coupons whenever possible! +25. **Frugality**. Whole subreddit dedicated to this. It’s worth noting that I’m all for saving the environment and saving money and stuff… but I draw the line with reusable toilet paper. + +&#x200B; + +**Mindset-oriented** + +1. **Don’t get trapped in the victim mindset** + +I got trapped in the victim mindset in being dealt a bad deck of cards. I didn’t have much handed to me growing up, and I definitely had a lot of resentment and bitterness for suffering for things I didn’t cause myself. This resulted in a depressive “Oh woe is me!” cycle in which I spent a lot of time crying, complaining, being hopeless, etc. Then one day, I realized that I was wasting time because instead of doing something useful, I was spending my time being miserable. Now, don’t get me wrong. Emotions get the best of us and can’t be controlled at times… but deadlines are unforgiving, and I had to make ends meet. So I realized that although I cannot control what happens to me, I can try to control how I react to them… which brings me to the next points. + +**2. Turn negatives into positives** + +This took a lot of trial and error, but I had to learn how to turn negatives into positives. Stuck with team members that slacked off? I wasn’t happy with them, but I saw it as a leadership opportunity and carried the team. Not enough money to buy breakfast? It’s okay, I don’t have to work out as much. Made fun of for wearing the same clothes? It’s okay, I’m going to channel all the anger I have and study/work more. Success is the best revenge. + +3. **It’s okay to fail.** **Just pick yourself back up and try again.** Try as many times as you need to. Try something different. The key is to not be discouraged or paralyzed from the fear of failing. I didn’t have much to lose, so it explains why I kept at it. Have a back up plan, and another backup for the backup. + +4. **Get out of your comfort zone and challenge yourself.** You’ll need to get out there and make things happen, because no one is going to do it for you! Get used to doing things you don’t like. I had to leave my ego at the door and have a receptive, learning attitude. + +5. **Enjoy the pleasantries but also recognize the faults.** Sometimes, we think in black and white. If you like someone, you can ignore his or her faults, and vice versa. I think it’s important to have a well-rounded, realistic view of everything and everyone, including ourselves. + +6. **It’s easy to say you “know” or say you will do something, but hard to actually do it.** There’s a lot of times when I hear people refuse advice because “they already know” or they say they’re going to do it… but very few times when I actually see people applying or practicing the lessons. It’s not just about knowing, it’s about doing. + +&#x200B; + +**Things I learned while being poor:** + +* Jack of all trades - Because you don’t have a lot of resources available, you end up doing a lot of random things. +* I’ve seen people go either way - Either they become GREAT problem-solvers, or really bad at it. You usually have to go through a milieu of different kinds of bullshit, usually simultaneously, so you get good at coming up with solutions on the fly and putting out fires. +* Learned early in life that my best was not enough. It was utterly devastating. I had to learn my shortcomings and limitations, and saw inequities abound. +* I try not to take things for granted. I thank people for helping me and for whatever contribution they bring - big and small. +* I learned not to be as judgmental. Living a tough life, I know I could have messed up and have made mistakes. When someone makes a bad or unhealthy decision, who am I to judge? It could have been me! +* I was ugly, awkward and poor, of which the most painful was being poor. Being poor means that no matter how smart, capable, etc. you are, you still might get passed up because you didn’t have certain connections or opportunities presented to you. It’s a powerless position in which you see the worst in people, and in rare times, the best in people. +* No one wants to hang around someone who is sad / complaining / etc. Although it’s hard at times, I try to be upbeat and positive. I don’t want to worry others or burden them with my problems - each person has enough of his/her own struggles. +* **It’s expensive to be poor.** You get hit with bank monthly minimums, higher interest rates, etc. +* **Social injustices are real and rampant.** This is another thread in itself. +* **Keep your eye on the prize** \- Don’t lose focus. A lot of small steps and small wins are necessary for the big win. It’s okay to have setbacks and make mistakes - just… keep… going. + +&#x200B; + +**What gave me an edge:** + +* **Good reader of people.** This allowed me to avoid toxic people and gauge situations effectively. +* **Anticipate people’s needs.** This gave me an advantage because people really appreciate when you’re able to deliver what they want/need without them having to tell you. +* Struggling AF during junior high and high school competing against kids that had so many resources. I had to put in 2-3 times the effort. I continued this work ethic and this allowed me to get multiple degrees and certifications while working. +* Ability to quickly pick things up, including thinking on the fly. People don’t really hold your hand in the real world. While I had many good teachers, I had to self study a lot of things in the workplace. Most of all, I had to learn how to react and adapt quickly to sensitive and tenuous situations. +* An open mind to learn new things, flexibility and adaptability, being forgiving, giving without expectations or quid pro quo, motivation to do better and be better, and belief in God. + +&#x200B; + +**Things I learned NOT to do:** + +* Try not to get into unhealthy addictive behaviors. It’s difficult to get out of, and it usually perpetuates the cycle of poverty. +* Don’t blame others for everything. Try to be accountable to yourself, and own it. Of course others are to blame sometimes, but playing the blame game doesn’t really solve the problem. +* Try not to become disillusioned, and don’t lose hope. It took me 20+ years to get out of poverty. It might take some others less time, and some others more. However, the key is to keep trying and know that at the end of the day, love heals the pain and covers a multitude of suffering. +* Don’t be cruel to others, even if you think they deserve it. When we get into a cycle of vengeance, you often become destroyed in the process of trying to destroy others. +* Don’t rely on others to break the cycle of poverty for you. If you get a lucky break, then great! However, the reality is that for many people, we have to break the cycle ourselves. + +&#x200B; + +Thank you for reading! Hope it was helpful. +I'm 40, working full time. I have managed to stay pretty much above water for the past 8 years as a single mom, but I haven't saved nearly enough for retirement. Can I catch up? How do I fix this before it's too late? + +I would say at this point I probably have an extra $75-$100 to put away each month. +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 🚀🚀🚀 +I'll start by saying I have a pretty high risk tolerance. I don't see IV going down on GME for quite awhile at this point. I managed to sell 2 GME 60P 2/5 on the DOE for $7.50 a piece. That was $1498.64 in premiums on $12k of collateral. They expired worthless, and I made 12.48% return in a single day. This morning I sold 4 GME 60P 2/12 for $9.58 a piece, yielding $3833.27 in premium on $24k collateral for 1 week. That's a 16% ROI for the week if it expires worthless. If not, selling covered calls would also yield high premium payments, even waaay out of the money ones. I believe in GME long term, and I'm willing to both hold and let go of it for the right price. Wheeling GME is the best opportunity I've seen for myself in a long time. I'm not recommending this to everyone, but if you're a member of theta gang with a risk tolerance close to a WSB degenerate, and if you believe in the GME turnaround with Cohen at the wheel (no pun intended), I see this as a limited time opportunity to make some serious $ selling insurance to both the bulls and bears, WSB and the hedgies, when everyone's position on the matter seems to be extreme and highly fueled by emotion and speculation. + +Edit: spelling +ok so I am a university student, pretty broke but make a somewhat decent income ( atleast for a student). I have shares in companies like AAZ, SNDL, AMC, CCIV, BB, GSAT, and FIRE, and I wanna expand my portfolio and purchase one of the bigger stocks. My next idea is to either buy a few Tesla stocks, one Amazon or a few apple. Which would you go for first and why? +Thanks :) +Link: https://www.quantconnect.com/forum/discussion/13441/alpha-streams-refactoring-2-0/p1 + +The [TL;DR is overfitting](https://lh3.googleusercontent.com/O8G-XgfewhTXXthuvYAQeCsDRgDm3pqidjgmEet8AnLwoEPYcCI_dV6yTb2sIy8LFiX6R8UrAMyRmw_tOjZ56kdTyLZZR-oO_HS6R4WbvSDdoY8_vWxb6O2eLHz2hSh9K92D990R) that on out of sample data with actual live trading that most algorithms were negative sharpe. + +>We researched taking a “needle in a haystack” approach and only selecting the top 5% of the Alpha Market but after eliminating illiquid alphas, and a few crypto outliers, the remaining alphas underperformed the S&P500. We also explored taking uncorrelated alphas and adding them to a broad market portfolio to complement performance but they were not additive. + +I've personally created hundreds of algos on QuantConnect, and it is hard to get a probabilistic Sharpe ratio above 1.0 to even submit to the alpha market, and even harder to get it to hold up on out of sample data. If the best of the best couldn't make it - then don't beat yourself up. + +I'm writing this post as I thought I had yet another holy grail algorithm. Recently a new brokerage launched called Atreyu. Their specialty is they have a fiber connection to every stock & option exchange, and they allow retail direct market access through QuantConnect. They let you decide to route orders to any exchange you want. They allow accounts as low as $25k as long as you keep pattern day trader status. They also act as a prime broker and will clear trades for you which gives you certain advantages in the intraday space. + +They posted a sample algorithm that did inter-exchange arbitrage but it turned out the sample had a ton of bugs in it and wasn't performing ideally (lets just say the quick code they wrote missed over 90% of opportunities in the data.) I fixed the bugs, verified the trades, and the results were outstanding: + +[338% CAGR 14.82 sharpe 1 mill account](https://i.imgur.com/euGlWBC.png) +[Runs really well on $100k](https://i.imgur.com/pS6EsKz.png) + +Then I was salivating to sign up for an Atreyu brokerage account. I then decided to do some reality modeling and queue the targeted exchange market orders by 10 milliseconds. [It fell apart.](https://i.imgur.com/al7qdnM.png) And yes, I also explored 5ms (still losing), and 1ms of latency (break even.) + +Algo trading is hard. There's a reason in the HFT world there is a ton of microwave tower communication ;). The speed of light is  0.70c in fiber, while 0.98c with microwave frequencies. It's likely this algo would have never worked live. It's clear you need ASICs with microwave towers to try to jump in this space. + +Also let it sink in that this failed inter exchange arbitrage algorithm with 0ms latency is at the 92nd percentile on their platform. There is 8% of a huge number of algorithms that has sharpe and total PnL characteristics better than that, they decided to take the top 5% that actually submitted them to the alpha market, and they didn't do better than the S&P 500. + +I personally feel a lot better about my hobby exploring algo trading. I'll keep coding away at the next algo! +https://www.cnn.com/2020/10/13/media/amc-theatres-money-movies/index.html + +"Boosting liquidity won't be easy without a return to business-as-usual. It's exploring additional debt financing, renegotiations with landlords, and even potential sales of assets. But AMC threw cold water on those options. "There is a significant risk that these potential sources of liquidity will not be realized or that they will be insufficient to generate the material amounts of additional liquidity that would be required until the company is able to achieve more normalized levels of operating revenues," AMC said." +By not jumping to the perfect conclusion right in February/March when DSR was first mentioned and hinted at by multiple experts in interviews we uncovered so much more of their bullshit. We’ll be less naive for it when it comes to the future. + +I personally would not have been nearly as careful with my tendies had MOASS happened straight away. Now I know the markets aren’t fair and Hedgies will try everything to take their money back afterwards. Well…whoever of their ilk is left standing. Certainly not Kenny and Stevie. + +All the best to you pretty Apes. +With vaccination rates rising, talks about border reopening etc I was wondering if you have moved from SYD/MEL to avoid lockdown and are WFH for SYD/MEL based employer what are your plans if you are asked to come back to office? + +My thinking is that with the exception of a very few, most companies will not do full WFH or mandate full work from office once life goes back to normal, but will settle on some sort of hybrid model (3 days in office, 2 WFH). +**Introduction** + +Recently, the mods of Superstonk conducted a temperature check post regarding DRSGME.org. Although there were a lot of supportive voices, there were also many concerned users. At the time of the post this split sentiment was reflected among the Superstonk mod team as well: some mods were proponents and even donated to the campaign in the beginning, some did not believe the fundraiser belonged on the sub. + +After the DRSGME.org ad campaign launched however, the mod team is now increasingly concerned about the fundraiser, and we feel it is our duty to share these concerns with the community we serve. Just to be clear: we’re having doubts about this specific project, not about DRS or Computershare as a whole. Allow us to lay out the reasons why we see the potential for this to head in the wrong direction. + +**Issues for Superstonk** + +First and foremost: The GoFundMe for DRSGME violates subreddit rules. Superstonk is a community of individual investors, not a billboard, not a platform, not a blog. It’s as simple as that. Regardless of where the funding comes from, DRSGME is not considered to be a Superstonk community website or a community project. Although we have made one-time exceptions to the “no self-monetization” rule under specific conditions in the past, the DRSGME website is an ongoing project and thus no longer considered to be a one-time exception. + +[Example of a carefully worded comment to avoid the rules \(but is still an advertisement\)](https://preview.redd.it/7u7q78amme991.png?width=682&format=png&auto=webp&s=37779715cec21cecd164fc2fb77e98424d232d37) + +The project is soliciting funds from the community and thus transparency should be something that is provided on a regular basis, without mods or the community prompting for it. Although the project owners seem to have granted this transparency with funds already received and spent, there’s no way to truly verify this without having full access to all accounts. In addition: anything can be altered at any point in time without mods, the community or donors to the campaign having any say in this decision. + +The project owners asked if the mod team would help to oversee funds, however we rejected this request due to conflict of interest. Managing funds for an external project is not something any of us are comfortable doing and allowing this project on the sub even though it breaks the rules, we are essentially saying “everything checks out, trust this” and we cannot give these assurances. Furthermore: if something was to backfire, we as a mod team would rightfully be held accountable for it. As it stands right now, we cannot in good conscience give our seal of approval to this project, there are just too many red flags. + +**Feedback** + +**The Fundraising Campaign** + +https://preview.redd.it/3my0oytome991.png?width=966&format=png&auto=webp&s=5e39f39e9baa9822d956492fb2830e6d352b2259 + +&#x200B; + +https://preview.redd.it/1yh8yjnqme991.png?width=703&format=png&auto=webp&s=9b40834b963da9a118a26378b75086fdd367901c + +The website is designed to get engagement on GME and is paid for by individuals who have the common goal of GME performing well. However, nowhere on the website is this stated. There are legalities for not disclosing that there is a financial interest and bias at play regarding this project’s motives. + +As of 7/2/22, the fundraiser has raised nearly $16,000 towards its $50,000 goal, the majority of which have been withdrawn from GoFundMe into a bank account held and controlled by one person. Even with the level of transparency now being provided on the website, this is something that requires ongoing, weekly management to ensure funds are being allocated properly. The statements provided below consist of incomplete screenshots and were only provided after being prompted by members of the mod team multiple times.  + +**Transparency provided so far:** + +https://preview.redd.it/hqwu5o9sme991.png?width=677&format=png&auto=webp&s=7dfe7af104a7108ccef85006b62534f842786873 + +**The Ad Campaign** + +https://preview.redd.it/ahs20getme991.png?width=642&format=png&auto=webp&s=dbb8a9f5953a510630799b749c5a92877e88f9f8 + +Let's take a look at the ad campaigns that are currently appearing on social media platforms like Facebook and Instagram. These campaigns were also intended to appear via Google. However, due to violating Google’s content policy, the ad campaign was suspended. Many of the images being used are also licensed and not credited.  + +The biggest concern with these advertisements is the imagery and language used. These ads depict GME investors as not just violent, but also as an organized movement. We are individual investors that like the stock; these images were chosen by a small group of people. They do not represent the overall community, nor has there been consensus from the subreddit that this is how we should be portrayed. Since this is an external project, we have no way to veto ads that we feel do not represent us, nor is it established that we even *want* any type of representation for us. + +These types of guerilla marketing ads promote scare tactics rather than encouraging people to educate themselves. If you saw any of these ads, and you were not already a part of the Superstonk community, would you deem them trustworthy enough to consider making a financial decision? These ads do not come across as professional and, unfortunately, put the credibility of DRS at risk in their current state. + +A core issue with the DRSGME fundraiser being on Superstonk is that it violates Rule 6: No Self Monetization. The money raised is going to fund the project for the DRSGME team, which is why this does still fall under self-monetization. Another less obvious issue is how the ad campaign is managed. The DRSGME team is using multiple different advertising channels to theoretically garner attention from untapped audiences. This gets into SEO (Search Engine Optimization), keywords, negative keywords, organic ads, paid ads, etc. It's a complicated system to say the least, and many companies and organizations outsource this work to companies that are dedicated to it 24/7. + +To properly allocate the funds raised from Superstonk and other sources (roughly $16,000 USD) would be a priority. With a small budget, every cent matters and your ad campaign would ideally be tweaked to perfection which is no easy task. A big issue with the DRSGME campaign is that they continue to advertise on Superstonk, directly or indirectly, which drives these users to the site, or to google the site and click on paid ads, thus wasting money. + +The DRSGME team has never made it a priority to alert Superstonk users to avoid clicking the paid ads, if they have at all. Every ad clicked is a cost to the advertisers. Among other signals we receive from professionals in the field, this indicates to us that the DRSGME team does not have the experience and care needed to manage users' funds. The situation gets more complicated when you consider at least 2 different types of ad campaigns are taking place, another one being on Facebook. Ideally, Superstonk users would stay away from it completely and keep their budget intact. We have all the information a user would need to DRS their shares on the sub itself, and those with issues can reach out to the community through multiple different channels for help. The data that the DRSGME team receives in the form of summary reports is also skewed by this and would make dialing in their ad campaign nearly impossible. + +**Legality** + +There are many legalities involved with this project that could, collectively, put the sub at risk, not least of all Reddit's own rules where we have highlighted those issues below. + +[Content Policy](https://www.redditinc.com/policies/content-policy) + +**Content Policy, Rule 1: Content Promoting Violence** + +The images and specifically the Guy Fawkes mask contains implicit associations, it wouldn't be a stretch to send a complaint associating that image with violence given its use has been recorded in violent protests around the world. As of 7/3/22, they have discontinued the Guy Fawkes ad, however the damage has still been done. Given DRSGME.org describes itself as a 'movement' it's not a far reach to state such an image is a promotion of potentially violent conduct and/or at least, themes of a violent nature, paid for from donations of users from Superstonk. + +**Content Policy, Rule 2: No Spamming** + +Reddit is being spammed by the website owners which not only is a breach of the content policy, but the user policy too. + +[User Agreement](https://www.redditinc.com/policies/user-agreement/) + +**User Agreement, Rule 3: Your Use of the Services / Commercial Exploitation of the 'Content'** + +The ad which specifically uses a Reddit post is technically owned via license by Reddit itself, given its deployment on its platform. Promoting an ad using Reddit's own licensed content could itself constitute commercial exploitation given this is being used as an advertisement to fund donations for itself, and even GameStop and Computershare by association. + +**User Agreement, Rule 5: Your Content** + +**"By submitting Your Content to the Services, you represent and warrant that you have all rights, power, and authority necessary to grant the rights to Your Content contained within these Terms. Because you alone are responsible for Your Content, you may expose yourself to liability if you post or share Content without all necessary rights."** + +The provenance and authority for use of the advertisement images are unknown and highly unlikely to have been given. Of particular concern is the Burry Twitter post, as it is unlikely either Burry or Twitter gave authority for their content to be used in an advertisement, which could create messy liability down the line from whoever's content is being used in this manner. + +**User Agreement, Rule 6: Third-Party Content, Advertisements, and Promotions** + +**"If you choose to use the Services to conduct a promotion, including a contest or sweepstakes (“Promotion”), you alone are responsible for conducting the Promotion in compliance with all applicable laws and regulations, including but not limited to creating official rules, offer terms, eligibility requirements, and compliance with applicable laws, rules, and regulations which govern the Promotion (such as licenses, registrations, bonds, and regulatory approval). Your Promotion must state that the Promotion is not sponsored by, endorsed by, or associated with Reddit, and the rules for your Promotion must require each entrant or participant to release Reddit from any liability related to the Promotion."** + +This project is teetering the line of a charitable enterprise and we can't be sure any and all applicable laws relating to this are being met. + +Reddit shifts liability to the user on anything to this effect and by association, the community we are required to 'keep healthy' further to their terms. Notwithstanding the above, if it were the case clauses such as this were sufficient alone to discharge all liability for Reddit, there would be no need for Reddit admins to respond and manage communities in the manner they do. Chief contemporaneous evidence in point is the recent removal of the cease-and-desist letter sent on behalf of Citadel and Kenny removed on our subreddit, lest Reddit itself be considered a platform supporting what (even if I think it to be a tenuous claim) is stated legally to be tortious slander. + +**In addition, the site claims to have a copyright of "DRSGME" which doesn't appear on the register of copyright for the US, which is illegal.** + +**User Agreement, Rule 11: Intellectual Property Breaches** + +This is possibly the biggest legal concern here. The issue is things of this nature take time to shake out but if the intent is 'global' awareness, spreading such awareness via IP breaching images will likely result in ads being bought and paid for and then revoked or suspended, **making the funds used to deploy them essentially obsolete, which results in donations essentially being misappropriated as funds for the advertising platforms if the issues aren’t resolved.** + +The fund is currently around $16k in advertising (if all has been used for it) but if this grows with continued outreach, most likely Reddit, Facebook, Instagram, etc. will take notice, as Google already did by suspending them. **This could result in outrage if that which was donated and paid for doesn't achieve the intended outcome, notwithstanding the very valid concerns regarding the imagery and content itself.** + +Collectively and from a community perspective, we as moderators are expected to maintain 'healthy' subreddits and any and all of the above could be factors through which Reddit admins deem our community to be 'unhealthy'. + +The perspective of "we haven't said it's not OK so it's OK", or authorization by omission in action, is a very reasonable viewpoint as there is a positive duty on moderators to actively remove content that doesn't fit the subreddit guidelines or that of Reddit. At the current status quo, this is a huge risk, and the sub could easily be shut down for these multiple violations. + +**TLDR** + +In closing, the moderators of Superstonk have grave concerns about the long-term viability of DRSGME.org content on this subreddit. + +* Supporters of the website are slowly turning this subreddit from one that works to educate and promote GameStop and, by extension, DRS through Computershare, to one that primarily promotes an off-subreddit website. That the website in question educates and promotes DRS does not negate the fact that it is currently aggressively monetized and breaks the subreddit rules. +* This community is not meant to be represented by such a small group. There have been prior instances of this happening in other ways, which was roundly, and rightly, called out by the users of this subreddit. DRSGME should be no different here. +* Allowing the project on Superstonk implies that mods have vouched for the team and project behind it. This is not something we are prepared to do. + +While we don’t debate that the website is a great tool for DRS information, these issues are simply unsolvable while retaining DRSGME on this subreddit. Although we’ve continuously asked for there to be no posts or comments regarding fundraising on our sub, there is still a string of endless promotion to draw attention to their campaigns, which is really no different than asking for funds. + +We’d be doing the drsgme.org campaign a disservice if we didn’t recommend that they create their own dedicated sub for this. A place where they can post transparency reports, ad ideas, traffic stats, as well as provide a direct line of communication for any user questions. Their own dedicated sub could also be used to crowdsource ideas and leverage the talents among their supporters, whether that involves creating art, checking grammar, or enhancing SEO optimization. + +There are numerous legal concerns that we as moderators have no desire to enmesh ourselves or the community with. Furthermore: if we refuse to take appropriate action, we could find our community to be exposed to a potential legal-, financial- or media fallout and we have no desire to take that burden on ourselves. + +**DRSGME.org has commercialized this subreddit and a small group of people have taken it upon themselves to represent a very large community in what we believe is a harmful way. Due to a lack of judgment and a myriad of potential legal issues we will no longer be allowing any mentions of their website unless it is brought up purely as the educational resource it was originally intended to be, a simple and easy to digest guide on how to DRS shares. If this is not followed, we will have no choice but to remove all links and mentions of the site entirely.** +It may be that there’s just a small window of opportunity because hopefully the price will rip, but with this splividend Papa Cohen has definitely created a few more seats on the rocket for apes that would otherwise have missed out due to financial means. I was an XX ape and now I’m a XXXholder - but every penny has counted for me this past year and I’ve had to make some tough sacrifices to HODL. Like I said, yesterday $158 was too much for me, but at $38 today, RC has just gifted me an extra ticket to a new life. + +NFA. +Hi, +Welcome to conversation three in the Ethereum Community Series, today with u/vbuterin! If you're new to this, please check out earlier conversations with [jtnichol](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/) and [Ameen Soleimani](https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/). + +Thank you all for the [150+ questions](https://www.reddit.com/r/ethtrader/comments/b4359q/please_post_and_upvote_your_questions_for_vitalik/) and I'm sorry if yours didn't make the cut. (Please make sure to listen to the entire conversation, there's a good chance your question actually did get answered. +*I would also recommend listeners or viewers to check Vitalik’s recent talk with [Laura Shin](https://unchainedpodcast.com/vitalik-buterin-on-whether-or-not-ethereum-is-blowing-it/), [Into the Ether](https://podcast.ethhub.io/vitalik-buterin-current-and-future-state-of-ethereum), and his talks with Dimitri from [Hidden Forces](https://www.hiddenforces.io/podcast/vitalik-buterin-vlad-zamfir-ethereum-roadmap-blockchain) and Tyler from [Conversations with Tyler](https://medium.com/conversations-with-tyler/vitalik-buterin-tyler-cowen-cryptocurrency-blockchain-tech-3a2b20c12c97).*) + +**Link to YouTube**: https://www.youtube.com/watch?v=e3vxt6l7ATw&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&index=4 +**Link to MP3**: http://krokodilmannchen.belgianboy.com/ethtrader-series/vitalikbuterin.mp3 +**Link to RSS**: http://krokodilmannchen.belgianboy.com/feed/podcast/ (if you like podcasts) + + +Please note that I grouped the questions into five categories: Intro, General, General Ethereum, Technical Ethereum, and Closing Questions. Please click the category to go to the YouTube-timestamp. Also, I tried to tag everyone that submitted questions but I might've lumped some together and thus might have tagged the wrong person, whoops! + +I did my best to ask the questions more or less chronologically. + +## Intro ([timestamp](https://youtu.be/e3vxt6l7ATw?list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&t=60)) + +- Can you share a little bit about the place where you’re sitting right now? +- Who are you and what are your interests? What is your background? +- What, if anything, did you study? +- Who do you look up to, and if it's nobody in particular, where do you go for advice? + +- Where can people learn more about you? (blog, youtube channel, twitter?) + +## General ([timestamp](https://youtu.be/e3vxt6l7ATw?list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&t=192)) +- You're incredibly gracious on Twitter. How do you manage to stay calm in the face of trolling, ignorance, and tribalism? *u/reterical* +- What do you think about the crypto-space as a whole? For me it seems that there are a lot of different bubbles with maximalists who want their own technology/coin not only to succeed but others also to fail. Do you share their opinion that one day there will be one superior coin/blockchain or is there enough space for different blockchains and technologies? *u/spcialx* +- You and Glen Weyl say that the crypto community is a great testing ground for Radical Market ideas such as quadratic voting and Harberger taxes. Blockchain projects are in need of better rules, and the communities are generally more receptive to trying out radical changes and games. If these ideas are successful, how do you see them being transitioned from the blockchain space into the “real world?” Do you foresee incumbents of the current systems rejecting these ideas out of fear of losing their own power and property? How might a righteous idea overcome these rejections? *u/blockduane* +- How long do you believe it'll be before we have a unique human identity protocol with strong anonymity guarantees and what do you think is the most promising approach to this problem? *u/DCinvestor* +- How is your relationship with Vlad changing and do you see him continuing to contribute to Ethereum long-term or moving in a different direction? *u/lfc052505, and u/etherbie* +- Vitalik, are you aware that you have 82,300 donuts!? And that Reddit recently announced they are supporting a community initiative, r/daonuts, to decentralise the donuts system. Do you think there is value in bringing Ethereum/web3 technologies back into web2 entities like Reddit? What would you like to see change with how Reddit communities operate? *u/carlslarson* +- How do you manage being productive while having to attend talks and meetings all around the globe. as a person who trots the globe for work, i find it takes a lot of energy beyond the work to do, to be effective. curious on how your routine is. *u/nhaneezy* +- Which country are you legally (for tax purposes) a resident of? *u/Rabid_Tanuki* + + +## General Ethereum ([timestamp](https://www.youtube.com/watch?v=e3vxt6l7ATw&feature=youtu.be&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&t=1693)) +- Over a year ago you suggested that prices had outpaced development, but I’m curious if your opinion has changed given current prices and the latest developments. *u/olddaddywarbucks* +- Almost 18 months after the ICO euphoria, which, in your opinion are the successful examples of dapps, utility tokens, and so, as it comes to real adoption. *u/martinkarolev, and u/chazschimdt* +- Do you have a vision for what comes after Eth 2.0? Does Ethereum become a a very reliable and somewhat stagnant base layer, with most of the innovation happening on L2? Or do you expect that the base layer should continue to evolve in dramatic fashion to keep up with the latest technology? *u/DCinvestor, u/spacepiratem too (kind of, on the robustness of L1 iirc)* +- I think it's fair to say an initial shared vision/gameplan involved the EF funding development of a technology trifecta (blockchain, swarm, whisper) + a browser to use it all. Has that plan been lost and if so is that a good outcome? *u/carlslarson* +> (Similar question) At the moment everyone is talking about Ethereum 2.0. Is Ethereum's grand vision still enabling web3 and how has this vision developed over time? How far are the "other" web3 components that are being developed and when would you consider Ethereum to be "complete"? */u/smidge (your question was definitely answered in the convo, as part of DCInvestor's question iirc)* +- How do you feel about the progress OmiseGO has made with their MoreViable Plasma release? *u/ZipZapBeepBoop* +- Recently someone did some in-depth investigation into Ethereum holdings and your personal wealth. In my mind, that's really nobody's business but yours. So my question is how do we protect identities on the Ethereum? What is the current status of privacy mechanisms like zksnarks? When can we expect to see more accessible privacy options? *u/0661* +- There is a lot of talk about the "failures" of Ethereum governance from some in the community, but what do you see as the primary advantages of Ethereum's somewhat unique governance structure, and what role can/should the broader community of non-devs play in this structure? *u/DCinvestor* +- As we begin to possibly enter a more robust multi-chain world, what do you believe is the unique value proposition of Ethereum, in comparison to the value propositions articulated by many competing chains (often focused upon scalability, interoperability, on-chain governance, etc.)? *u/dcinvestor, also tagging u/spcialx* +- I know I have heard you mention implementing a supply cap and the benefits of doing so; I think many people really want to see one because to most people, finite supply triggers a value mechanism in our brains. Do you think a supply cap will be implemented? and if so when? and what number? *u/Wendys_4_Tendies* + + + +## Technical Ethereum ([timestamp](https://www.youtube.com/watch?v=e3vxt6l7ATw&feature=youtu.be&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&t=3582)) + +- Re beacon chain. You've been thinking about on chain randomness for a long time, from Randao around 2016 to now VDF (verifiable delay functions) and threshold signatures etc etc. Besides protocol security, how else do you think having cheaply available provable randomness on the web will change the world? What will the world do differently with this randomness in the future? */u/ckd001* +- Do you think STARK proofs will eventually become small enough to use in place of SNARKs in schemes such as roll-up? Do you eventually forsee transaction aggregation using STARKs at L1 of the protocol rather than L2? *u/consideritwon* +- With the switch over to PoS and the need for stakers to maintain uptime will the security requirements be a barrier to entry for an average user who wishes to stake? *u/consideritwon* +- What's your biggest concern for the transition into PoS? *u/eddyg987* +> https://www.reddit.com/r/ethtrader/comments/b660l4/vitalik_answers_to_rethtraders_questions/eji9bhd/ +- In an ideal world, what are 3 things that could happen that would allow Serenity Phase 2 to be deployed quicker? As a follow-up question is there anything members of the wider community can do to make these things more likely to happen? *u/blockchainunchained* + +## Closing questions ([timestamps](https://www.youtube.com/watch?v=e3vxt6l7ATw&feature=youtu.be&list=PLTzbA2lLaEj3O0PiYVP9p-YS3PoF_Le8L&t=4260)) + +- What books strongly shaped your worldview? *u/Automne888* +- Outside crypto, what fascinates you? *u/Etereve (it got asked, u/jtnichol!)* +> “What do you daydream about doing (in the abstract or concretely) aside and apart from crypto?” *u/reterical* +- How much do you actually work a week? *u/spcialx* +- What do you do to relax when you're not working and do you have a favourite T-shirt? > And where do you get your T-shirt’s?!?! *u/shammyfeen* +- Where do you see yourself (yourself, not Ethereum) in 10 years time? Do you ever think about early retirement? *u/moontrainpassenger* + +## Things mentioned (please post stuff in the comments so I can add it here) +- https://slatestarcodex.com/ +- http://glenweyl.com/ +- https://twitter.com/robinhanson +- https://meltingasphalt.com/ (Hanson's co-author) + +I put it in a blog post [here](https://www.belgianboy.com/my-talk-with-vitalik-buterin/). + +__________________________________________________ + + +### *"Keep being a great community."* - u/vbuterin + +Binance is scouting to list new stablecoins in light of Tether's recent failures. Which one below would you like to see supported as a quote currency on Binance. + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9qrxns) +I am looking to expand into ETFs and am curious how the management fee is paid/accounted for in a real life transaction. I use Scotia iTrade, but would welcome advice in general. + +For example: +-- I invest in ETF $XYZ with an Expense Ratio of 0.68%. +-- Buy 250 shares at $25.00/share and plan to hold for 50 years +-- That's a principle investment of $6,250 (250 shares x $25.00) +-- 0.0068% per year of $6,250 is $42.50 + +Where does the $42.50/year come from? + +Is $42.50/year deducted from my cash position in my iTrade account? +Does the money get garnished off the ETF sell price? +Do they garnish my shares? +Do the fees typically get deducted annually? Quarterly? + + +These seem like simple questions, but I can't find any great answers online. +Thanks in advance for the help! + + +EDIT: Some really great responses - I definitely have a better understanding of how the fees work now. Also, thanks for those awards! I'm usually a lurker, so I will learn how to leave a better thank you message in the future. Happy investing everyone! +I’m curious as to how different it would be to trade stocks with $1mil instead of $10k. Would my order fills be similar or would there be a significant delay and constant order rejections? Would I be able to get filled at the ask for long positions? Would I be able to locate and easily short HTB stocks and get filled at the bid or would I be relegated to using market orders to get filled? +I have been fix and flipping for quiet some time , tried to do rentals but had bad tenants and didn't try again. I want to start buying and holding now , flips is a burnout. Any Suggestions for what to do when screening tenants ? +We’ve been paying an extra $1000 on our mortgage for a few years now, but with a 30-year fixed at 2.5% it may be better to put that grand somewhere else. Thoughts/suggestions? + +Background: already maxing our 401k, 403b, 457 accounts respectively. Also doing backdoor Roth accounts for both of us annually. No car payments. No debt aside from the mortgage. + +Have small amounts in a Wealthfront account and a Fidelity brokerage that I started years ago for funsies, but I admit I’m not market savvy (aside from knowing ok- low cost ETFs are generally good). + +I know we’re doing quite well overall and we’re very lucky. +Hi all, been reading your posts for a while. My mom is 55 and has no savings or retirement accts. I have no financial knowledge on how to help her. What kind of acct can she open to start earning something for the next 10years? I hope its not too late. Last year she earned 10k and this year she is back to full time work. Thank you for your suggestions! +I'm pretty young and have started growing my portfolio steadily considering my age and current job. Anyways, I've never delt with a recession as an adult and considering the current status of the country and all the signs pointing to a potential recession in the near future, what is the game plan for a dividend investor? Hold? +Is there a good YouTube channel? . + +That talks about current long-term value strategies, especially Warren Buffett and Charlie Munger, that is, great gurus. + +Thank you. +Markets been pulling back a lot seems earnings have been a coin toss if the stock goes up or down 20% in 5 minutes the last couple weeks. This volatility has brought a lot of new value prospects onto the market though. Do you have any picked you are thinking of loading up on? + + +[Southwest Airlines](https://www.foxbusiness.com/category/southwest-airlines) lost $144 million before taxes during the first three months of the year as the elimination of non-essential travel aimed at slowing the spread of COVID-19 brought business to a grinding halt. + +The Dallas-based air carrier lost $94 million after a tax benefit, or 18 cents per diluted share, as revenue slid 18 percent to $4.2 billion. Wall Street analysts surveyed by Refinitiv were expecting a loss of 41 cents a share on revenue of $4.42 billion. + +&#x200B; + +&#x200B; + + [https://www.foxbusiness.com/markets/southwest-airlines-coronavirus-earnings-q1-2020](https://www.foxbusiness.com/markets/southwest-airlines-coronavirus-earnings-q1-2020) +Long story short, I've been in talks to buy a house for 2 weeks and I keep flaking because the conveyancer wants more information from the certifier. She basically wants to know if the land is a filled lot before I sign. Also the bank estimate for the house came in lower so I might have to pay more cash up front for my LVR. + +Anyways the vendor is refusing to dig that information out for me (only they can access the information from the certifier) because they think I've been dicking them around for too long while I'm just trying to play it safe being a first home buyer putting my life savings into a house. + +Am I being too cautious? Im pretty sure the agent is losing her shit at me and the vendor is probably stressed to hell +It's not like I'm stopping them from selling it to someone else.. +Anyway now I'm worried they'll trash the place before I sign and move in + +Any advice? Is what I'm doing normal? Has anybody ever pissed off their agent/vendor + +Meanwhile the agent keeps saying if I don't sign thEn tHe HoUsE InSpecTioN on SaturDaY wiLl go ahEAD +"Give a man a fish, you feed him for a day, teach a man to fish, you feed him for the rest of their life" + +...But what happens when they refuse to fish? + +\------------- + +A discussion brewed between my family members tonight, where I pointed out the difference between the thought process between the "less fortunate" and the wealthy. I laid out a scenario where someone making minimum waged receives a cash infusion of $10kk, what do you do? + +Everyone said "buy a car" or "pay off bills" etc... I merely pointed out that "the difference between the wealthy and the poor is how they view money"; then explained how "one class views it as currency, the other views it as capital". I then went on to explain how capital works for you whereas currency works against you and capped it off with "this is why the poor stay poor and the wealthy remain wealthy". Perhaps I didn't state the scenario as eloquently as maybe the thought experiment deserved (5 glasses of wine in on the evening), but my point was still quite valid. + +Regardless, I'm sipping box wine at my computer now, alone, pouring the intimate details of a heated family discussion to strangers on the internet in hopes of affirmation. But to be honest, the reaction I received from my family members in telling me that I sounded like a "pretentious assohole", gives me all the affirmation I need in knowing that I'm on the right track in changing my view on money. Old me would have taken $10 and spent it on a golf cart, or some stupid shit. New me, however... New me puts that money to work selling Theta, generating that income, penny by penny, dollar by dollar... Because I know that one day, I'll be looking at a network North of $5 Million, and I don't care who's feelings are hurt because of it. + +I'm quite excited about the future and knowing that I'm on the right track and at the final step in transitioning from my old views regarding currency vs capital, and taking my first steps into what I believe will be a very prosperous life going forward. Do I feel bad about the things I said and how I said them? No, absolutely not... As the scripture states (if you're into that sorta thing), teach a man to fish.... BUT if they refuse to learn, then so be it, they never had a chance to begin with... +Press release: [Consumer Price Index Summary (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) + +&#x200B; + +Please post all CPI related news here, additional threads will be removed. +* I've been unable to buy more than $100 worth of shares with a cash balance of tens of thousands. +* I've been unable to sell shares I just bought, or submit a stop-sell on them to protect against losses. The same screen that refuses to let me sell even 1 share shows that I own over 1500 shares. +* I've been getting random UISYSIN0033 errors which seems to indicate a general system problem unrelated to my specific requests. +* And finally, sometimes their system is so unresponsive it takes 20 seconds to respond to a mouse click. + +This thing is a nightmare. What's the recommended trading platform for Canadians that won't break the bank? +Thank you all for your contribution - what damn great coordination we had to build and defend something on such a large scale. Truly impressive. + +Shoutout to these community members who were hecticly designing, redesigning and helping develop the tech we used: + +* u/mooziechan +* u/chipptharipp +* u/disproportionatewill +* u/boltflower +* u/Cythrl +* u/half_dane +* u/doom_douche +* u/platinumsparkles + +I'm sure we'll see many a picture circulate once the "final image" is released. Thanks again for all your effort, has been a pleasure working with you all :) +Was experimenting to see how it would be. I’m aware there is overlap and looking to readjust to 3 or 4. Unless I should keep all these? Holding: ARKQ, ARKW, ARKK, ARKG, ARKF, SPY, IBB, IWM, TAN, FAN, ICLN. Ideally I’d like just a few to set and forget it. I have high risk tolerance though and wouldn’t mind one that is high risk high reward. Wondering what you guys would recommend. Take care and thank you! + +Edit: I’m quite young and would be holding for 10-15+ years. I look at this account as one that will help build a foundation for me in the future +Here is a link to last week's announcement: [https://www.benzinga.com/pressreleases/21/11/b24185353/dillards-inc-announces-special-dividend-of-15-00-per-share?utm\_campaign=partner\_feed&utm\_source=yahooFinance&utm\_medium=partner\_feed&utm\_content=site](https://www.benzinga.com/pressreleases/21/11/b24185353/dillards-inc-announces-special-dividend-of-15-00-per-share?utm_campaign=partner_feed&utm_source=yahooFinance&utm_medium=partner_feed&utm_content=site) + +&#x200B; + +Why is it important for GME if it's another stock? We are all about GME, but these are in the basket of stocks shorted significantly in 2020 that weren't closed and have similar ownership patterns. + +Also, if these guys rip then the SHFs get margin called just the same and GME goes to the moon. + +Also, it lays out a possible strategy for GME to follow. + +AAAAaaaannnd it shows that 'similar' stocks have a much higher % of shares sold short than is being reported. + +GME to the moon. + +EDIT 1: Adding in the short interest names from Fintel - I don't have access to the numbers and they don't really matter. More it shows that GME's usual suspects are also short on these guys as well for people questioning the underlying 'basket' part. + +&#x200B; + +&#x200B; + +https://preview.redd.it/eqe2jttgek181.png?width=792&format=png&auto=webp&s=286b6a8fff3255f95a25cd3c710110a41773a189 + +Edit 2: +Institutional owners according to Fintel. Total shares are 16m so would need 5m here outside of the Dillard's listed to lock the float... + +https://preview.redd.it/n66k1fq6jk181.png?width=1598&format=png&auto=webp&s=641f8ced5a075aa83add2a3e48ed9d64635050e9 +Hello. + +Quick background, I was kicked out at 17 for my behavior around drugs and money, but seven years later I find myself 3 years clean and sober and with 6k in my checking and 1.5k in my savings with the local town bank. I have good credit and a credit card I use sparingly. I was working in the service industry full time until I was laid off due to covid. I will be receiving my B.S. in psychology next year and am viciously putting myself out there to get out of the service industry and find a job as a mental health counselor or a medical scribe (which probably won’t happen until covid is through, could be a year of unemployment I’m looking at). + +I live in MA and we have a robust unemployment system, and I’m receiving weekly benefits consistently for now. Furthermore I receive tuition remission due to my mother’s employment at the college I attend. We are also on good terms now. + +What can I do with the 7.5k I have sitting in my bank accounts? I was thinking of opening an index fund or an IRA with fidelity and letting them manage what little I have long term to at least begin to build a baseline that will grow on its own. My mother doesn’t give me money, but she supports me indirectly via tuition remission without which I would not be able to attend college. My only form of income now is unemployment, which isn’t something to rely on long term (nor do I want to rely on it long term). I’m kind of lost as to how to even begin doing anything remotely responsible with my money aside from living frugally and not touching it (which I’m good at). Any tips would help, and I hope you are all staying safe during these crazy times :) + +TLDR: 7.5k sitting in my local bank checking/savings accounts. How do I start building long term stability? +From market rebellion, “Putin is banning the export of products and raw materials until the end of the year” what will this mean for stagflation and the US economy in terms of raw materials? What stocks will benefit? + +Commodities may continue their rise up the rest of the year and we are in for even more turmoil than expected +I have like £48k in savings, 35k in a one year fixed rate of 1.9%, 5k in a cash LISA, 7k in a savings account that I plan to move to my LISA overtime. I plan to use this for a mortgage for a house, when I eventually have the income, or a partner to get a mortgage with. But I am worried that it is losing value (and that they'll be a massive crash and it'll be worthless). I don't know what to do with this money to keep it safe I guess. I'm about to go back to university to do a master's so I won't be using it for a mortgage for at least 3 years, if I am lucky. + +What can I do to help keep the value of this money in the meantime. Or is it just doomed to bleed value at the moment? + +EDIT: One year fixed rate is 1.9%, not 5%. I have no clue where I got that number from, just put the money away and have not been thinking about it until the year ends +Since I've started investing I've had much less interest in buying shit I don't really need like shoes, clothes, random stuff for the apartment, etc., as most of my focus has been on what stock to buy next and how much extra funds I have to put towards it. Now with that extra money I'd much rather buy another share or put it towards my Roth. I'm still planning vacations and enjoying life. Just a fun random thing I was thinking about while bored at work. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have some friends and family who are pro crypto. I have other important people in my life that think crypto is a scam. (A tulipe they call it.) Last week I finally convinced one of my best friends to buy bitcoin above 60K. The dump on Saturday effected our relationship. He is very upset with me. I’ve been in the crypto space for almost one year. I would recommend to everyone to avoid giving financial advice to friends and family. It’s not worth ruining a relationship. +Long story short, I dropped out of college and don't plan to go back any time soon to get a degree. Male, early 20s. I am looking for a decent-paying job that can be obtained without a diploma, or with a short training (a year or less). I am really as frugal as it gets, but I still have to eat and pay rent, so please no "just cut out cable and eat pasta bro" advice. I am specifically looking for advice regarding jobs, not "general" life advice. I am from Canada, but I am willing to go relocate anywhere in North America or Europe if I have to, so if you're from the U.S., please don't hesitate to post. + +Things I have already considered and would like to heard other options for X reasons: +-army +-waiter/busboy/bouncer/barman +-security guard + +There is always "that guy" who works some obscure job that nobody knows about, and there's no better place to ask than the Internet. + +Thank you very much in advance! Any kernel of advice can potentially change my life for the better! +When looking back at Disney’s previous acquisitions, I can’t help but to think that even if they “corporatize” many of our favorite entertainment brands, those brands happen to still be cool and they happen to be much bigger than what we once saw them as. + +Look at Marvel. Ever since Disney acquired Marvel, many fans felt that Disney will ruin the brand and make it worse. While Disney “corporatized” Marvel, it has boosted the popularity of it. Even if it created more movies and more shows and even more literature for it, fans still love Marvel. + +And look at Lucasfilm. Many Star Wars fans felt that Disney would ruin the show. Next thing you know, you had the Rebels series, then The Mandalorian, then the final season of The Clone Wars, and soon, many more series. In the process, you had many great books come out for Star Wars fans and we even had many great movies like Rogue One, Solo, and even the final movie trilogy. + +If Disney created massive returns from “corporatizing” Star Wars and Marvel, I bet it can create bigger returns with The Simpsons, Avatar, etc. + +https://dissectingthemarkets.wordpress.com/2021/03/20/the-walt-disney-co-is-a-master-at-monetizing-entertainment-brands/ +UK wage growth picked up in January as job vacancies hit a new record high, but pay failed to keep pace with the highest inflation rate for three decades. + +The Office for National Statistics said the annual growth rate for average total pay, including bonuses, increased to 4.3% in the three months to December, up from a rate of 4.2% in the three months to November. + +The rate was boosted by bonus payments in December, with the strongest pay growth for workers in finance, insurance and the property industry. Regular wage growth excluding bonuses dropped by 0.1 percentage points to 3.7% over the same period. + +Source: The Guardian + + +Have you received a pay rise in Jan? + + I got a 2.9% pay rise, our employer said that they will review pay in the middle of the year if inflation is still rising but I will not hold my breath. + +They will use Andrew Bailey's (BOE Governor on £550k) excuse that workers should not request pay increase because it will fuel further inflation. + + +And another thing : Why is it called Bank of England and not bank of UK? +NOTHING OFFICIAL FROM GAMESTOP HAS BEEN PUT OUT. + +I want to say right off the bat that this is NOT from me, but rather u/kcoryjones. Please give him all credit for finding this! He unfortunately does not have enough karma to post it, so please shower him with awards (if you so choose to) on his [original comment](https://www.reddit.com/r/Superstonk/comments/oko8xc/gme_daily_discussion_july_15_2021/h5b2hpj?utm_source=share&utm_medium=web2x&context=3). + +While checking out the call options, u/kcoryjones received this message: + +[https://i.imgur.com/4h7ibyY\_d.webp?maxwidth=6400](https://i.imgur.com/4h7ibyY_d.webp?maxwidth=6400) + +The language does not make it seem like this is related to a past dividend, and the message only comes up \*after\* August 27th on E-Trade's option analyzer tool. Timeline could be August 28th-September 17th? + +Do we need to get an adult in here to look at this?! + +EDIT: I just received a message from u/fordyoz, who doesn't have enough karma to comment: + +"re dividend: (I have no karma)all you have to do is search gme dividend to find its just a coincidence, and nothing really [GME Next Dividend Date (dividendchannel.com)](https://www.dividendchannel.com/symbol/gme/next-dividend-date/) " + +Could E-Trade just be going based off of that? + +EDIT 2: I am on hold waiting to be transferred to a team to help me with my GME question! + +EDIT 3/Final Update: I finally got through to someone! + +I talked to a woman first, and a man second. The woman told me that she could not answer, and would have to transfer me to their corporate team. + +After 15-20 minutes, the guy came on and was obviously annoyed from the start. He kept deep sighing and saying things like "she should have told you this" and was getting a bit snippy with me, even though I was a perfectly nice ape the entire time 😃 + +Basically, there is no "official" word from Gamestop, so no official dividend is set. I had asked him if there was a reason why that message was posted, and he said that they "may" announce one in the future, but that message could be appearing since their last dividend was in March of 2019 (how the FUCK does that make sense?). I asked why other stocks do/do not have that message, and he couldn't really tell me and just said that Gamestop "might" be announcing one. I apologized for upsetting him and told him to have a better day 😂 + +However, I need to bring this thread to light: + +https://www.reddit.com/r/Superstonk/comments/okzvj3/is_etrade_giving_us_a_timeline_on_when_a_dividend/h5b7yz0?utm_source=share&utm_medium=web2x&context=3 + +Looks like another ape confirmed that only ones WITH dividends coming have this message 👀 + +Sorry I couldn't provide a more solid answer, but I am so fucking jacked to the tits 🚀 + +Last edit for real: Our friend u/DJBD85oh sent me this via chat: https://imgur.com/j8foZc8 + +This is the only date that Disney has. This *might* debunk our theory? +18th March 2020 + +Last few weeks have seen massive wealth destruction worldwide. Equity markets have corrected around 30% in India too, though the correction is even more severe in US and Europe. + +Your investment portfolio has also taken a hit and you must be worried about the current scenario and thinking what to do. It must be very painful to see such erosion in value of investments. + +As your financial planner, we are also much in pain when we see the portfolio getting hit by such falls. It all happened so fast around the globe due to Corona Virus scare that there was little time to take any suitable measures to protect the fall in value. At this stage, changing the asset class from equity to debt doesn't seem to be a good choice. + +Events like these are black swan events which happen once or twice a decade. History suggests that things eventually improve after such events. We urge you to sit tight on your investments. We strongly suggest to continue your SIPs as they are helping you buy at lower levels. Pls do know that buying cheap is the essence of getting higher returns and so we would also suggest you to consider buying lumpsum in 2-3 tranches if markets go down further. We know it is not easy. If you would like to give it a pass, we would understand. + +We are keeping a close eye on the developments and will reach out to you if any action is required. These are extraordinary circumstances and pls know that I am on your side, always. I have personally seen such situations earlier in the past in my over 17 years of MF investing. When I look at hindsight, the best decision I made was continuing my SIPs and actually increasing more investment way back in 2008 during the financial crisis. It was not easy to do something different from others, but that's what is needed when it is a Sale in the markets. We will together come out of this situation and see good days for the portfolio in the near future. + +Please feel free to reach out to me in case of any questions. + +Regards, +XXX +I'm considering moving out of Italy for a better job and quality of life. + +I wanna consider what would make financially more sense. + +Mostly I'm looking at northern Europe because I had a good experience studying in Finland. +In particular I have asked a friend infos about Copenhagen since he's been living there 5 years as an architect and he loves it. + +There the base salary for a junior front-end dev or a UX designer seems to be around 35/40k dkk which translates to 4700/5400 euros. Taxation at 36% and rents in the city exceed 12k dkk for a modest flat. +I'ld be moving with my gf so I can't rent a room or a 30m2 flat. At least 60m2 would be ideal. I currently live in a 90m2. + +She would be working too but at the moment her qualifications make it hard to tell what she can do. + +I personally speak fluently Italian English and French. Spanish like shit. +I like learning new languages so I consider learning the local language when I get there but obviously it will take time. + +Really what I'm looking for are better working conditions, good welfare, a nice modern city, lots of cultural activities. + + + +What are your opinions and suggestions? +I’m about 3 weeks away from closing on a 32 unit apartment complex in small town Texas (50k) population + +Deal is being owner financed at 5% 20 year amortization five-year balloon 20% down on a purchase price of 600k + +The property built in the 1950s seems to have deferred maintenance but there were upgrades to electrical and roof. 20 units Are two bed one bath and 12 units are one bed one bath + +Numbers income- median rent is 425 per unit so when all are rented which currently all but 2 are total rent should be $13600 per month + +Expenses - total $8800 per month +Property taxes 1100, property management 1200, insurance 950, water 1800, cable 700, lawn maintenance 200, gas 400 and 3100 mortgage. (Capex additional 15% & 8%vacancy not included) + +Should net around 4K per month as things stand +With capex and vacancy % would be $1700 monthly. + +My concerns that I’ve never gone over 4 units so this is a big jump for me and I don’t have loads of cash perhaps 30k available for unexpected expenses. + +Pros- there is definite upside in rent could get closer to 16k-19k monthly income after a moderate increase . Also it really does seem like a deal at 20k per door. + +I’m putting 1031 exchange funds from a sale so I really don’t want to mess this up so please give your best advice thank you all +You also only have to buy into BTC once, unlike a 401K where most people keep buying back in every pay check only to lose what you earned in interest by paying a penalty if you withdraw too early. Because that's the trick. The trick to a 401K is to get everyone to hold because if everyone sells, then everyone else who didn't sell fast enough will lose money and the whole thing will crash. That's why they charge penalities. + +It's like investing in safemoon and they charge you penalities for selling In order to keep the current value more stable so the entirety of holders don't start panic selling it into oblivion. + +Also you can panic sell a 401K too. It happened to many people after the housing market crash of 2008. My mom panic sold her 401k because it went from $50K to $9K ...I didn't know much about investing back then, but I will never forget what she said. *I was afraid I would lose it all, it kept going down* + +What she said sounds much like what people say about Bitcoin today. + +Nowadays my mom is retired, and sometimes she brings that up...*I should've just kept it in...it went back up* + +Unfortunately this is how the most powerful people work. They shake out weak hands so they can buy up super low. Otherwise there would be no big guy buying your shit back. + +Rich are buying your shit cheap for a reason...not just because they are just speculating. + + +So yeah, you can get serious FUD with 401K and it's not just coming from my mom. Many honest hard working people don't understand the game whales play...they get shilled into things and are convinced it's safe because their employer offers it. All a 401K is, is investments into stocks and bonds that are stable but not always safe. + +So if you can continually dump every paycheck into something that penalizes you for withdrawing early and hold that shit for 30 years , then you can buy Bitcoin once and hold it for 3 years without any penality for withdrawing some too early unless tax on capital gains. But that's normal. + +So stick to your original plan, and hold. +The sheer volume of red tape associated with programs like EBT and medicaid is mind boggling. I had some life changing events happen over the summer and as a result, of course, I'm in financial straits again. + +I haven't qualified for foodstamps for a long time. My household was right in that sweet spot of too much gross income to qualify so every last red cent after bills went into groceries. We lived paycheck to paycheck with no hope of saving and no luxuries like vacations and only absolutely needed expenses. + +I'm used to living like this. I think a vast swath of people my age are as well, I know everyone here knows what I'm talking about. And now we're down to one income. It took two months (others gracefully lent a hand to feed the boys) before I felt emotionally ready for this wonderful welfare roller coaster so many believe the poor take joy in riding. + +I applied mid August. It's taken up until today to gather all the needed documentation. Part of that was switching the electricity into my name to prove I pay utilities. The very last bit of info I needed was a bill for electricity. I go to the office to pick one up, since everything is pay-as-you-go and paperless now. + +My account is too new to have generated a bill. So she gives a membership to the coop document. Seriously? I've given you people $175 dollars over the course of almost three weeks and you can't even print out a paper saying I've paid you!? + +Nope, sure can't. Have a nice day. + +So I take this to the local foodstamp office and drop it in the box. My money (that doesn't exist) says that it won't be accepted. I need to call and speak with them to get an extension on my case until the electricity people decide to create a statement. + +I have to be at work in ten minutes, the wait time is 62 minutes to speak to a rep. + +FML. I'm so close to calling it quits and raiding food pantries to keep us fed instead. The issue with that is around here, most food pantries require either a foodstamp card or proof of income. + +So more documentation either way I go. A few check stubs sounds much easier though. I do like to sleep on my days off, since I don't get to during the work week but I don't have that luxury either I guess. + +Edit: Stop telling me it's on purpose. I know it's on purpose. I wouldn't be doing this if I didn't need to. This is a vent. I know why they do it, I didn't ask why. I know. Please stop. This is mostly about not being able to get a paper saying I pay for electricity. I understand why the system treats the poor the way they do. + +Glorious additional update that is life changing for the good: + +My boss just formally offered me a better paying position tonight! A few kinks need to be ironed out but in the near future, I'm trying out for a position that will hopefully have me back at what I lost! Back to the sweet spot but better than feeling like shit for being on the draw! +I've been trying to do a better job of keeping a chunk of cash in my account so that I have some extra buying power on red days without dipping into my margin. The problem is I get aggravated (greedy) at watching the cash balance make 0.01% interest, so I've been looking for ways to make more of a return but still keep things relatively liquid. + +&#x200B; + +[Ultra High Quality Visual Aid](https://preview.redd.it/bcg4s6953eg71.png?width=1920&format=png&auto=webp&s=027e69080eaed9be70bfd02ac2c1ac41dffd88f8) + +I'm all to familiar with the dangers of trying to pick up "loose change" in front of a steamroller. However, if I reign in my greed and sell short DTE credit spreads well OTM on something like SPY I wouldn't be getting much in credit, BUT it'd be more than the interest and they'd be easier to close if I want to free up the funds. I feel like the danger could be further reduced with a stop order. + +What do y'all think? Is this too stupid? What do y'all do with your cash balance? Is there a safer strategy I'm not thinking of? +My partner and I are currently under contract to buy our first home. I was so ready until we actually got an offer accepted, and now I'm an absolute wreck. I am worried that we pushed our budget too far. Logically, the math all works out fine but I cannot running worst case scenarios through my head. I would really appreciate you taking a look at the conditions below and sharing your thoughts. + +Purchase Price: 420k + +Down Payment: 5% (21k) + +Location: California + +Income: 116k + +Monthly Mortgage: $2,400 (includes home insurance, property tax, mortgage insurance). + +I was also absolutely floored that 500/month of the mortgage goes to property tax. + +The house seems to be in great condition but we are of course doing inspections. Its the only contingency we have. If all goes really smoothly with the inspections/appraisal, we should be left with 28k savings after closing. That is best case scenario. + +After the intial expenses of moving in (fridge, etc.), we will be able to continue saving 1.8k/month. We have no debt of any kind. We do anticipate additional expenses for vehicles and insurance within the next 3-5 years. We plan for a child in 3 years at the earliest. + +We stretched our budget for this home because we will not grow out of it any time soon and did not require us to make major sacrifices on our wants/needs. We would stay here minimum 7 years. + +I am terrified of everything - the market flipping upside down, major financial surprises affecting our ability to pay mortgage, etc. My husband does not have these concerns (not as extreme as me). Some budget calculates say we have overextended, some say we are just fine. I don't have friends and family in similar positions to discuss this with, no idea what average Californians are doing. + +Appreciate any thoughts from those who have been in a similar place, or any thoughts in general. +Now I have a yeast infection, kidney infection, and a bad fever. No health insurance, and the clinics within a three hour drive can’t take walk ins due to COVID. + +So I’m crying at work. I fucking hate being poor. + +Update: I found an online pharmacy that will give me antibiotics for $65 including the telehealth visit and I can pick them up at a pharmacy after work. My friend is loaning me the money. Thanks to those of you that provided good advice! + +UPDATE/ I don’t think anyone will see this but the anyibiotics didn’t help and I’m in the hospital. Sepsis, early stages they said? Wish me luck +So i thought it was about time i Did a updated DD on VML and try and share what knowledge I have on the Company. + +Technicals: + +SOI: 4,154,233,084 + +MC: 236Mil + +SP: 0.056c + +Financials : $43 million in Bank + +Debt: **0 Debt....** + +Outstanding Options and Performance shares will once complete will bring the SOI over 4 Bil SOI. This is the rough end of the Stock if it's too high for some that's completely understandable. I will agree the Performance Shares are on the high side but it is what it is. + +This is a Current List of all Available options, Ones in red have been done and or expired due to lack of conditions met. + +https://preview.redd.it/mf7t13vx7ox61.png?width=792&format=png&auto=webp&s=2ad7ac079ad1243f3cb737d6949417f5987d4623 + +[So far 30&#37; of the 800mil Options have been Converted](https://preview.redd.it/r0d5bp6z7ox61.png?width=846&format=png&auto=webp&s=bb6cd0b0f22fff8906e07c671c8b3d317e2c8097) + +&#x200B; + +**Who are Vital Metals** + +VML are a Rare Earth Mining company Focused on their Nechalacho project in Canada with the aim of Producing 5000't's ex Cerium that means actually about 10000t/yr with Cerium (Bastnaesite normally has a Ce content of about 50%). + +What sets VML apart from other Hard Rock RE explorer's/ producers is the 3 Stage approach to production ensuring as less Dilution as possible and self funded growth. + +**Stage 1:** Near Term production on North T section containing 9000t's REO to fund future expansion ( Will be Mining entirety of North T from March-September and Stockpiling for continued revenue. + +**Stage 2:** Moving into the Tardif Zone which contains over 95Mil Tonnes of RE's at 1.4% TREO this is a Multi generational Mine which will be used to Ramp up production and supply to Clients. + +**Stage 3:** Wigu Hill Project in Tanzania contains 3.3Mt's at 2.6% Treo + +[The last Column is when we expect Wigu Coming online Closer to 2030 when Supply\/Demand hits Critical levels](https://preview.redd.it/ci6pc3yi9ox61.png?width=1133&format=png&auto=webp&s=65b6a71f8061cfc77cbf47465e2d87c414f507bd) + +[Traditional RE Project Model](https://preview.redd.it/rpgf46oxnsx61.png?width=1126&format=png&auto=webp&s=4df94464fc00698fffa53a7fc785a4072433b670) + +Management: + +https://preview.redd.it/lndjrefl9ox61.png?width=1641&format=png&auto=webp&s=5a7da1b78d51a95c58b9f4e8a22e2d01a35b12ac + +Geoff Atkins and Tony Hadley were both brought up through the Ranks of Lynas in a time when there was only China and Lynas producing RE's. Geoff was Corporate Planning Manager at Lynas Corporation where he oversaw development and implementation of the corporate strategic planning process for plants such as: + +Mt Weld Rare Earth Mine and Concentration Plant; + +Lynas Advanced Materials Plant (LAMP): Kuantan, Malaysia; + +Kangankunde Rare Earth Project: Malawi; + +Tony Hadley is regarded as one of the world’s leading experts in rare earth processing outside of China, former GM of Lynas Mt Weld mine and Northern Minerals Browns Range mine with over 25years’ extensive experience in metallurgical process, operations. + +&#x200B; + +**Location Location Location:** + +Nechalacho is situated in the Saskatchewan province in Canada it contains 94 Mil tones of Contained RE's. Now we all know in October 2020 President Trump signed a Exec Order ([https://www.defensenews.com/congress/2020/10/01/trump-executive-order-on-rare-earths-puts-material-risk-in-spotlight/](https://www.defensenews.com/congress/2020/10/01/trump-executive-order-on-rare-earths-puts-material-risk-in-spotlight/)) put a spotlight on the RE industry and recently President Biden did the same ([https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html](https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html)) with the over reliance on China for its RE's but in June 2020 Canada and US formed the Critical Minerals Cooperation ([https://ca.usembassy.gov/united-states-and-canada-forge-ahead-on-critical-minerals-cooperation/](https://ca.usembassy.gov/united-states-and-canada-forge-ahead-on-critical-minerals-cooperation/)) in order to protect and supply each other with the needed RE's they may need. + +In January 2021 Saskatchewan received a **AAA** **Global Rating** ([https://www.saskatchewan.ca/government/news-and-media/2021/january/13/saskatchewan-gets-top-global-ranking-in-international-mining-report](https://www.saskatchewan.ca/government/news-and-media/2021/january/13/saskatchewan-gets-top-global-ranking-in-international-mining-report)) The report ranks 111 jurisdictions across 83 countries Saskatchewan was one of only two jurisdictions that achieved the highest AAA rating. + +Not only are VML ( Cheetah Resources) Mining in a AAA rating province but in 2020-2021 corporate incentive grants went to BNT Gold Resources Ltd. (gold – C$37,123), [Cheetah Resources](https://www.miningnewsnorth.com/search/Cheetah_Resources) Corp. (rare earth elements – C$180,000) ([https://www.miningnewsnorth.com/story/2021/01/01/news/government-offers-more-mining-incentives/6585.html](https://www.miningnewsnorth.com/story/2021/01/01/news/government-offers-more-mining-incentives/6585.html)). + +**First Offtake:** On Feb 2nd 2021 VML executed its **First** offtake with Norway company REEtec for 1000T's ex cerium per year for a 5 year contract with options to increase to 5000t's for 10 years. This is a major accomplishment by both parties as it's not a traditional offtake as both parties have entered into a Profit Sharing Scheme where each will be covered for operating costs and split the profits of the finished separated product worth $42 mil per Anum. + +([https://www.youtube.com/watch?v=cRjYCGH6bkI](https://www.youtube.com/watch?v=cRjYCGH6bkI)) Geoff Atkins interview about the Partnership + +On the 8th of March Samples were sent to REEtec to confirm Spec's were correct. + +https://preview.redd.it/ea9kfdsp9ox61.png?width=554&format=png&auto=webp&s=34cef2ad2795bb2e2de4f20a454ddb1867defbaf + +Not only this it sets up VML and REEtec to be the first supplier of Mine to Magnet in Europe as The light and heavy rare earth oxides produced by Reetec will be turned into metals and alloys by UK-based Less Common Metals and then made into magnets by Germany's Vacuumschmelze ([https://www.argusmedia.com/en/news/2067472-europe-moves-closer-to-rare-earth-magnet-supply-chain](https://www.argusmedia.com/en/news/2067472-europe-moves-closer-to-rare-earth-magnet-supply-chain)). + +**SRC:** Vital Metals (VML) subsidiary Cheetah Resources has signed a binding term sheet for the construction of a rare earth extraction plant in Canada The deal was signed with Saskatchewan Research Council (SRC), which recently announced it would spend $31 million building a complementary rare earth processing and separation facility in Saskatoon. Vital's plant would be built alongside the facility and work to produce a mixed rare earth carbonate product, SRC seperation plant is set to come online late 2022. What this means is VML by late next year will have two seperation facilities that it will be feeding REO to. + +SRC is a State funded Research facility in Canada. + +[\(https:\/\/www.src.sk.ca\/campaigns\/rare-earth-processing-facility\)](https://preview.redd.it/6dpv0qz9nsx61.png?width=510&format=png&auto=webp&s=414f3ab5deb1b073c1b6fadc82e2d09b47040e41) + +https://preview.redd.it/awz4tcur9ox61.png?width=1132&format=png&auto=webp&s=37bf7ca9444d97298f70d3e00f78259b622c4977 + +&#x200B; + +[VML Makes History Hiring First Nations Constructions](https://preview.redd.it/pb86n031mox61.png?width=984&format=png&auto=webp&s=2f7bc077d39697ca120789459393cff52d8c0742) + +[Interview of a Det;on Cho Nahanni Worker](https://preview.redd.it/h5ald4o1mox61.png?width=751&format=png&auto=webp&s=9033bccbb5db4dd46578fff9469e63a5c7eca965) + +[The plan for 2021](https://preview.redd.it/9ovwiilbmox61.png?width=941&format=png&auto=webp&s=62ddcac649bf6cd47d23d3cac865eafa164a1d64) + +**What Product are we selling...** + +[All Resources Are known](https://preview.redd.it/m4liq1nwmsx61.png?width=1125&format=png&auto=webp&s=c0b73ac60838b6aecceb8c843808e664f3197ea5) + +https://preview.redd.it/0w74i2bu9ox61.png?width=1190&format=png&auto=webp&s=0f5b5d010b63379e11294233d63807440ec93eef + +Above is a chart of VML's combined Elements in the ground. In total we average 43.7% Ndpr which is the critical minerals for EV's ect. So if we have a 5000t Offtake by 2025 2205T's of that will be critical materials needed for EV production. + +The Table below that is a very rough outlook of the possible income we may expect from our 1st initial years of revenue and so on. + +&#x200B; + +**Moving Forward**: + +Winter is beginning to end in Canada the Mining Fleet has been Mobilized. + +https://preview.redd.it/hfzjcnxx9ox61.png?width=941&format=png&auto=webp&s=d10736d394effef3ba30f1728e0e369e951e3fd9 + +Construction Crew have arrived and Started to Clear Site for Operations. + +https://preview.redd.it/5xceeabz9ox61.png?width=785&format=png&auto=webp&s=b8765404f7e022b8bf35c78f7249cbbc6b543d6a + +&#x200B; + +https://preview.redd.it/34ahzz9ky7z61.png?width=989&format=png&auto=webp&s=75be02f4c217c0bedf95d6b018dac1cad26f8821 + +https://preview.redd.it/mxpf6b4dy7z61.png?width=799&format=png&auto=webp&s=805cdd45a0ba87ee810625c87c4bddba0ba1c2cb + +[ “Our facility will be located within SRC’s rare earth precinct which has the potential to provide us with several advantages including the opportunity for SRC to be a potential customer of our rare earth carbonate product,” ](https://preview.redd.it/kn2c5rwygd071.png?width=859&format=png&auto=webp&s=412277cdaaeb72fe4f3b4908fe527a20a74e1570) + +https://preview.redd.it/rcehlc44hd071.png?width=525&format=png&auto=webp&s=13f47e4992b346df3ed050b6539f7fe2f3681581 + +&#x200B; + +" Mineral Reserve estimate of 12.0 million tonnes of 1.70% TREO1, 3.16% zirconium oxide (ZrO₂), 0.41% niobium oxide (Nb₂O₅) and 0.041% tantalum oxide (Ta₂O₅). Combined recoveries of TREO, ZrO₂, Nb₂O₅and Ta₂O₅ are 84.6% from the flotation plant and 90% from the hydrometallurgical plant. All four products will be concentrated together and are only isolated into individual products in the final stages of the hydrometallurgical process and therefore, their recovery costs have been aggregated. Expected revenues are based on the following average price assumptions in USD per kilogram: TREO = $21.94, ZrO₂ = $3.77, Nb₂O₅ = $45.00, Ta₂O₅ = $130.00. Some of the price assumptions used are above current prices, based on independent third-party long term forecasts." + +([https://sec.report/otc/financial-report/33179](https://sec.report/otc/financial-report/33179)) + +Avalon's Pre Feasibility Study of Nechalacho Thor lake RE mine. + +&#x200B; + +([https://www.youtube.com/watch?v=PULsVHJXf0M](https://www.youtube.com/watch?v=PULsVHJXf0M)) Crux Investor Interview + +([https://www.youtube.com/watch?v=Kl\_0cFOlwkQ](https://www.youtube.com/watch?v=Kl_0cFOlwkQ)) VML Introduction + +([https://www.youtube.com/watch?v=gE71Q8XqgIQ](https://www.youtube.com/watch?v=gE71Q8XqgIQ)) Feb Market Update + +([https://www.youtube.com/watch?v=alg-5IiFAVs](https://www.youtube.com/watch?v=alg-5IiFAVs)) Sydney RUI Conference. + +&#x200B; + +**Everyone Wants some tendies** + +[ The colonel’s back in town and some Yellowknifers couldn’t be happier.  ](https://preview.redd.it/ff7wakz4lox61.png?width=791&format=png&auto=webp&s=e1b17c14d7d4fee56d89ba529da7a49529a1661b) + +&#x200B; + +([https://cabinradio.ca/61699/news/yellowknife/sanitized-finger-lickin-good-kfc-returns-in-covid-hit-yellowknife/](https://cabinradio.ca/61699/news/yellowknife/sanitized-finger-lickin-good-kfc-returns-in-covid-hit-yellowknife/)) + +&#x200B; + +The Risks: + +1. Share Dilution is to me the biggest Risk when it comes to return value of investment. Higher the SOI the easier it is to manipulate the SP and due to the large amount of options and Performance shares available these can be used to stagnate the SP. +2. Unknown % of profit VML and REEtec are splitting +3. No economic data so far presented for the Nechalacho project + +Disclaimer I am a Holder. +And I got it! + +I wrote out a formal letter bulleting my successes over the past four years, named my figure and the reasons I was asking for that specific figure, attached my research, and had a meeting with my manager to go over everything. I didn’t feel like it went well. My manager didn’t seem interested in discussing anything with me. She took the letter from me and that was that. I left feeling pretty discouraged. + +The thing is, I was making 11% below the average for my job title in our area, but I frequently take on the responsibilities of other job titles. So I asked for a 15% raise. I absolutely did not think they would give me that much, but I had hoped that it would leave room for some negotiation. I really wanted that 11%. If they were unwilling to negotiate, I decided I’d have to find a new job after my leave (see below - currently pregnant). I know I am worth more than I was making. + +It took two weeks to hear back. Unfortunately, it was really bad timing. I wanted to ask for a raise a while ago, but my company has been undergoing some awkward changes for about seven months. It NEVER seemed like a good time to take my chances, until I realized there wouldn’t be a good time for a while and I was running out of time. I am pregnant, going on STD soon, and figured it was now or never. I needed the extra cash. When my manager finally called me in, she told me how much they all appreciate my efforts and how nothing I’ve done has gone unnoticed. She offered me the 11% I was secretly hoping for, and I took it! + +I still can’t believe it! I’m not an executive or anything like that. I’m a glorified receptionist in the eyes of most, so it took a lot of confidence building for me to decide that I deserved this raise and I deserved the opportunity to ask for it, even though I had no idea if how I was going about it was right or wrong. This will definitely help soften the blow of a new baby for my husband and I while we pay off thousands in medical debt (not including what’s to come after the birth). + +I just wanted to share my good news. Thanks for reading!! +I'm going to keep posting this sentiment because it keeps getting drowned out: + +**The only reason you aren't rich is because not enough shares have been directly registered.** + +That's it. Literally anything else is bullshit. + +I don't care if TA/options man is right today or tomorrow or next week. In the end it doesn't matter because they'll always be able to suppress the price after a run up unless we DRS the float. + +Did GameStop post the number of ITM calls on their 10q? + +Did GameStop draw a dorito of doom on their 10q? + +Did GameStop say only T+69 days until the next OPRAH cycle is in retrograde on their 10q? + +NO. + +They put the number of directly registered shares. They're doing everything they legally can to communicate that they want us directly registering our shares. Everything else is noise. + +Locking the float is going to be a heavy lift, 60 million is a lot of shares. Until all the individual investors in this sub make their own decisions about directly registering their shares, we won't be able to lock the float and the fuckery will continue. + +This will require **months more of focused effort**. There is no quick or easy solution. + +Don't buy into all the hype. It's being used to wear you out, disappoint you, and prevent you from directly registering because you think 'MOASS is tomorrow'. + +To address the inevitable complaints: + +&#x200B; + +* *'Ape no fight ape':* I'm sick of this being used as a reason to not call out bullshit. I'm not fighting anyone. I'm trusting the consensus of the community, not to mention GameStop themselves, to promote focusing on the only thing we can do that will actually help. +* *'I'm an individual investor, I'll do what I want with my money':* True, if you don't want to DRS, no problem. Just don't contribute to the noise by complaining about DRS posts or pushing fringe opinions on the community. We're fighting a war against disinformation and we have the solution, there's simply no reason to open the door to distracting bullshit. If you want to sit on the sidelines, fine, but don't try and stop the team from winning. +* *'Options are a good way to leverage buying power for more shares':* If you're part of the 15% of people that don't lose money on options, congratulations. But that means 85% of us are just handing premiums over to Citadel and losing money that could be going to buying and directly registering shares. Do you, but stop acting like we're going to catch them off guard all of a sudden with an influx of options purchases. + +&#x200B; + +They're using our money to run their casino. We need to stop this bullshit and in order to do that we need to keep the sub focused. + +**Take back ownership of your shares. DRS is all that matters.** + +Edit: + +Feel honored to finally have gotten the 'crisis hotline' message. For the record, I don't want to hurt myself or anyone else. I'm very happy with my life, but thanks for the concern :) +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; +This isnt some place where we pick stocks to squeeze it never was that and can never be that, GME is a BLUE MOON EVENT in the stock market, so fuck off with these posts about “yeeeooooooo guuuaays whats the next squeeze boyyyys” because fuck off its not happening. WSB is magical but its not fucking magical. + +I love everyone joining WSB, the more autists we have the more chance for diamond DD, but stfu we historically lose money here GUH! + +Oh and if youre new to stocks consider learning at least fucking something about it before posting here holy fuck go watch a youtube video its so damn easy. +Thats like trying to fucking post on bodybuilding.com without ever going to the gym you autist. + + +Tldr: if ur a new account please use the fucking search bar and dont ask for advice this is a goddamn Wendy’s not a “decentralized hedge fund” + +Edit: Gatekeeping is for pussies and we all deserve a cut of the action, just telling you that not all DD you will see here plays out like this. Many are actually losing bets that we have all paid wallstreet tuition to. + +The true art of wallstreet bets is filtering out the bad DD and hindsight is 20/20 + +Double Edit for the super autists: + + Lets avoid having a commie witch hunt on this sub please. Reddit has this amazing feature of clicking on the fucking dudes profile where u can see if we are autistic or hedge fund + +Triple Edit for the hedgecommie accuser trolls: if this bitch GME hits $2k, then I turn $1000 to 5.2 million cocksuckers and you bet im posting that gain porn. +To get an idea of where shorts start to feel pain, I started to track the 'cumulative average short price' to come up with my Shorts R-FKD Indicator. (For the curious journalists, Shorts R-FKD is an abbreviation for Shorts Risking Fund Knockout Defeat.) The red line in the chart below shows the Shorts R-FKD Indicator, and represents the target price shorts would like to stay at or below. Any price above the red Shorts R-FKD Indicator is danger territory for shorts. + +As of right now, at a share price of about $160 or higher - the majority of GME shorts will be losers. As we move higher up, a growing portion of the shorts will be at a loss, and their total dollar losses will just mount further as prices head higher. Prices staying above this indicator would imply future transfers of wealth from short funds to long investors. + +https://preview.redd.it/0fq7v52edb791.png?width=568&format=png&auto=webp&s=dbc11ddf6ddd74ea4b7479b3e011ac93864c19ca + +Since the GME sneeze back in January 2021, shorts have consistently sold shares to suppress the stock price. Notice in the chart how after every GME price surge in 2021, GME was pushed back down to the red line representing the breakeven point for shorts. + +The recent broader stock market selloff that started in November helped shorts temporarily push GME well below their breakeven point for the first time since the buy button was turned off in early 2021. However, GME share prices have bounced back, and the shorts are facing danger again as GME share prices creep up on them. Watching GME shares approach the red line at $160 is turning up the heat and probably making shorts sweat again. + +https://preview.redd.it/ehidoxc5c5791.jpg?width=1174&format=pjpg&auto=webp&s=c0a0dee3fdb3fbbf4ae1e46013de617a63122f50 + +\---- + +&#x200B; + +Methodology: This first version of the Shorts R-FKD Indicator was calculated using a volume weighted average approach assuming consistent shorting activity since the peak price of the sneeze on 1/28/21. For simplicity the mid-point prices between the daily high and low was used and multiplied by the daily volume, then this trading activity was aggregated over time, and divided by the cumulative number of shares traded over that same time, to come up with the volume weighted average price. This indicator gets the job done, but there is some room for improvement using additional data and analysis. A future version of the indicator can use intraday volumes at specific prices coupled with short volumes specific to each date. But we’ll save that for version 2.0. I will try to update this indicator again and share findings every few weeks. + +\---- + +&#x200B; + +In the meantime, for anyone interested in seeing daily shorting activity charts look here: + +[https://www.shortvolume.com/?t=gme](https://www.shortvolume.com/?t=gme) + +Raw data of shorting activity can be viewed here: + +[http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +&#x200B; + +\---- + +TLDR – prices above $160 will place the majority of shorts at a loss, and we are close to crossing that level. +If you want to read this all, you will need a good 8 minutes. ~~I do not have a TL;DR since it completely defeats the purpose of DD, especially with the market since it is so complex and cannot be summarized in one line.~~ + +Edit: TL;DR at bottom. + +I also *very* briefly summarize some important and complex topics for the sake of keeping this short(ish). + +&#x200B; + +Disclaimer: I study this all for fun and all of the topics I will discuss are conclusions I personally made while researching market mechanics. There may be flaws and I hope that smarter apes than me can set me straight if anything is incorrect. + +&#x200B; + +&#x200B; + +Buckle up because I am about to go over some weird stuff that will likely make you think differently about the stock market as a whole if you decide to fully read this post. + +The stock market is driven by many factors, but there are some that outweigh the others in particular scenarios. The major drivers are the following: + +&#x200B; + +Futures, ETFs, options, swaps, and least importantly... inherent value of the companies + +&#x200B; + +I will discuss a few of these and show how they can affect an unsuspecting stock + +&#x200B; + +&#x200B; + +**1) Futures** + +When you wake up at 4:01AM EST to check your stocks and see that your entire portfolio is up 4% and the major indices are flying high, do you ever wonder why such large moves happened overnight? The answer is Futures. + +&#x200B; + +https://preview.redd.it/d7p5r8m60wr91.png?width=249&format=png&auto=webp&s=608fdfb1aff4c8d9b0c9e3445afd906144abf3ba + +Futures trade all night long and have major effects on the opening prices the following day. There are a lot of 1-day futures that determine what the closing price will be from the opening price. + +[https://finance.zacks.com/correlation-between-premarket-futures-daily-close-11268.html](https://finance.zacks.com/correlation-between-premarket-futures-daily-close-11268.html) + +This can be seen on illiquid stocks which lack options. If you give me the opening price of one of these stocks for any given day, I can give you the closing price with high confidence at 9:31AM EST on the same day. Let's look at an example of this: + +For this example, The blue line represents the overnight price change from market close to market open, then it is sampled each day and compounded. The orange is the inverse, where it takes market open to market close and compounded. + +&#x200B; + +https://preview.redd.it/a0wngut50wr91.png?width=1230&format=png&auto=webp&s=d016aa1afed3077acf65096a0f584200d276c7ab + +As you can see, the price change that happens overnight is almost a direct inverse of the price change intra-day, and even the magnitude is maintained. The only outliers can be seen during the jan'21 sneeze timeframe. + +So based on this chart, I can say that if the opening price is lower than the previous day close, the stock will close this day higher than it opened. This is true to many illiquid stocks but I will just show this one here since it is linked to GME in some way. + +The lack of options gives a limited number of signals to the algorithms to push the price, so they need to rely on something that is visible to the public (but not many people actually look at this stuff, I'm sure) + +&#x200B; + +&#x200B; + +**2) ETFs** + +Do you ever wonder why stocks almost all follow the overall market and can even get price action pushed down on good news if the rest of the market is tanking? One of the big movers here is ETFs. I am sure there will be a lot of pushback on this since ETFs are 'passive' and only follow the underlying baskets of securities... in theory... + +In practice, ETFs give traders several advantages such as tax exemptions and no wash-sale rule. + +[https://www.investopedia.com/articles/exchangetradedfunds/08/etf-taxes-introduction.asp](https://www.investopedia.com/articles/exchangetradedfunds/08/etf-taxes-introduction.asp) + +These among other reasons have caused ETFs to rise dramatically in popularity. It is easier for an investor to dump their money into an ETF that tracks an entire basket of stocks than to pick and choose with much more risk and time commitment. Because of this, ETF trading accounts for a large % of daily trading volume and in many cases, it could be more cost effective to trade the underlying securities to manipulate the ETF price in your favor for arbitrage purposes. + +&#x200B; + +https://preview.redd.it/bh689ax40wr91.png?width=1059&format=png&auto=webp&s=9c4a55d618e6d6e663ad0608692b84e199531ce6 + +&#x200B; + +https://preview.redd.it/8bc3zjc40wr91.png?width=1066&format=png&auto=webp&s=2949fcf24375e487db4f233aafc1f477cefbeee8 + +&#x200B; + +3) Swaps + +Now this is a gray area for everyone not 'in the know' since swaps data is intentionally hidden from the public. I started scratching my head a bit on this when I read the Credit Default Suisse (CDS) report on the Archegos mess. + +Link to the report can be found here:[https://www.credit-suisse.com/about-us-news/en/articles/media-releases/archegos-202107.html](https://www.credit-suisse.com/about-us-news/en/articles/media-releases/archegos-202107.html) + +&#x200B; + +&#x200B; + +https://preview.redd.it/sc9a02c30wr91.png?width=761&format=png&auto=webp&s=cb4d650b9bd6a0593cf3436393670cbbb8f7b194 + +https://preview.redd.it/whwfemj20wr91.png?width=745&format=png&auto=webp&s=7898f921b9cad7f6b9d8c3cd759793d8bdf029ae + +&#x200B; + +https://preview.redd.it/f9vg71u10wr91.png?width=576&format=png&auto=webp&s=07663e01651bd144b271d8d29669242cdf6f57fb + +The TL;DR of the CDS report was that Archegos had way too much leveraged long positions compared to short swaps, and it left CDS exposed in the event that they defaulted. Here is a pretty picture that explains how margin works: + +&#x200B; + +https://preview.redd.it/itl598710wr91.png?width=870&format=png&auto=webp&s=ab3c987146baa496b6ef0384574d0da042d90e1c + +Let's take an example. With CDS, the collateral and margin requirements were lowered if the borrower could lower their risk exposure by purchasing short swaps to offset their leveraged long positions. The idea here is that if the long positions lose value, the short swap positions will hedge the loss. + +On paper, this sounds great, but what happens when the Fed decided to pump the entire market out of control starting in 2020? Nearly every stock rose in value, which made the short swap positions less valuable, and the levered long even more exposed since their hedging position was just reduced by a lot. Now this means that if I don't increase my short exposure, I could potentially blow up if my long positions take a massive hit. Look at this statement from CDS. Does it sound exactly like what I just described? + +&#x200B; + +https://preview.redd.it/ql3kjyi00wr91.png?width=576&format=png&auto=webp&s=c1cf6fa0e248cae5777f4f352d7515aa3af62adf + +Now think about this happening to nearly all HFs that do business with these banks that require short exposure in order to minimize required collateral... Nearly everybody was completely over exposed to a wild market event... like Jan 2021. + +After the crime was committed, all these HFs realized that they were completely exposed and needed increase their short exposure massively. They decided to target mid-cap stocks (mostly the stocks retail day and swing traders love investing in). Here is a picture of the Russell 2000 flatlining right after Jan 2021. + +&#x200B; + +https://preview.redd.it/s1h5syqzzvr91.png?width=1103&format=png&auto=webp&s=7e3dabf1ff45e8e31e9bf8fe89071f449f6a515a + +And here is the SPY + +&#x200B; + +https://preview.redd.it/piviuzzyzvr91.png?width=1112&format=png&auto=webp&s=e7da65606bc398231176213752f4c7e91e187033 + +Now they talk a lot about short swaps so I took time to try and see if I can find the swap data surrounding any of the major stonk events... but all days of significance are magically missing from the repositories. + +Here is 1 Feb 2021. Data for 28 Jan 2021 is completely missing. There is data for 27 Jan but there isn't much there. + +&#x200B; + +https://preview.redd.it/9vhpq2dyzvr91.png?width=1618&format=png&auto=webp&s=7bd5eb2914b1449842cd53e154b2862dc3f02feb + +Here is 21 May 2021 + +&#x200B; + +https://preview.redd.it/5ibnoirxzvr91.png?width=1788&format=png&auto=webp&s=97d375fe047a2627348ee92bb12fcdbe71c29711 + +The next available data is 1 June 2021 + +&#x200B; + +https://preview.redd.it/pnf6r93xzvr91.png?width=1696&format=png&auto=webp&s=1edf91d0fda26a6c57ccb1f2073d2e5ce9706214 + +Something curious about all he swaps which I brought up in a prior DD is that the effective date for nearly every Total Return swap is 9/16/2019. + +&#x200B; + +https://preview.redd.it/euepck1vzvr91.png?width=1186&format=png&auto=webp&s=20ade18b7821b07c0e21ff3550ece08f9f716efb + +Now finally, why do I say that the first major move will happen at night? That is because I believe that loss of control or the unwind of a major swap will happen while the market isn't open. + +Here is the same style night/day data I showed earlier but this time for GME. As you see (kind of since I failed at making the scales logarithmic), the Jan 2021 and Mar 2021 pumps mainly happened overnight! The Jan sneeze looks overblown here, but it is on the right-hand scale while overnight is on the left. Daytime price tripled at it's maximum, while nighttime went up 15x in Jan 2021. The March pump was all overnight. The daytime price action was where the heavy volume came in but that was an attempt to price suppress the madness that happened the night(s) before. + +&#x200B; + +https://preview.redd.it/386gxa9f0wr91.png?width=1072&format=png&auto=webp&s=8379954243362238a238ded351b2ffd7b5ee778e + +I also believe that overnight action defines the overall trend of the market. As you can see, we are killing it during the day for GME recently, but they are walking us down overnight. All of our losses are coming from while we are in our beds asleep. They are the evil tooth fairy stealing our money in the night. + +The same can be said for SPY. + +&#x200B; + +https://preview.redd.it/gcf7osntzvr91.png?width=966&format=png&auto=webp&s=47c81c301539f37e3c636274e2703e865198290c + +The overall trend of the market happens overnight, while the noise happens during the day. The summer 'bull' run was an obvious fake-out if you looked at the nighttime price action since that still stayed on the same linear decline. It was a superficial pump that was to inevitably crash back down (which it has) This can be taken all the way back to the inception of SPY + +&#x200B; + +https://preview.redd.it/h6mrimnszvr91.png?width=1180&format=png&auto=webp&s=09d0fc25eebcce81f2b61ecc533dd7bc2aec3a1e + +Usually, the leading indicator for a crash is a steady decline in the intra-day trendline, but right now is unique. This is the first time that the market is being dictated by the night movement, and I believe that it has to do with the insane amount of derivatives and futures that are in the system. + +I know this was a long read, but I am not great at making short posts. + +&#x200B; + +&#x200B; + +As stated at the top, please put me in my place if I am wrong on any of my information. If not, feel free to leave comments with your thoughts :) + +&#x200B; + +TL;DRS +I hear this all the time. Take bigger risks when you are young. When you are in your 20’s its fine to go heavy in high risk/high reward stocks. But this is flawed reasoning. + +The truth is taking big risks when you are young is more risky because of opportunity costs. People always mention compounding interest over decades. But fail to apply this to investing in risky stocks when you are young. + +Lets say you are 20 years old and you have $10k to invest. Its common to hear people say you can be more risky since you are so young. And even if you do YOLO and lose it all you can easily recover. But think opportunity cost. What did you really lose doing a YOLO? + +$10,000 + +Invest in an index fund that returns 8.5% annualized return + +Withdraw at 65 years old + +That $10k becomes $400k. So you basically lost $400k because you YOLOed on a risky stock. + +If you hold till 70 you lost $600k. + +At age 90 you can give your children and grandchildren $3.2 million. Or you could have fun and lose it all on a risky stock. + +Bottom line is a young persons greatest asset is TIME. Throwing investment time away by taking unnecessary risk is a massive mistake. + +I’m not saying don’t buy stocks that are risky hyper growth companies. But also don’t gamble needlessly. Because you are gambling much more than that couple hundred or thousand you see next to the stock ticker. +I often hear the following argument in support of [Drug liberalization](https://en.wikipedia.org/wiki/Drug_liberalization): + +>If drugs were legalised, it would reduce crime because you would remove the profit motive of drug dealing from organised crime groups. + +But then, how come there are [organised crime groups in Mexico controlling a share of the avocado industry](https://www.npr.org/sections/parallels/2018/02/02/582086654/mexicos-avocado-capital-says-it-s-kicked-cartels-off-the-farm), and there are [organised crime groups in Italy are controlling a share of the olive oil industry](https://www.ft.com/content/73de228c-e098-11e8-8e70-5e22a430c1ad)? Unlike illegal drugs, avocados and olive oil are perfectly legal and fetch a relatively low price. So how come olive oil is more profitable than cocaine trafficking for organised crime groups in Italy? +I often hear certain right-wing inidividuals (in particular followers of the Austrian School), claiming that the New Deal actually worsened the Great Depression in the US. They rarely give any arguments or evidence of why this should be the case, so I want to have the opinion of actual economists. + +So how are the New Deal policies viewed today and which policies are regarded as effective, ineffective or even counterproductive? +I really don't understand basically anything about options, and calls and shorts or anything outside of actual stocks. + +I've only started investing for a couple of months now and have barely scratched the surface when it comes to this. I tried googling several times and I just couldn't wrap my head around calls, how do they work? How do you even buy them, I found the option in my app... I just didn't understand calls or puts, and buy to open? buy to close? sell to open? sell to close?... + +Any help would be appreciated. + +Thank you +I'm going to make this as quick and easy to read as I can on what has happened this week and what next week holds. + +We are T +14 from baby squeeze anniversary. + +There is a heavy amount of 50 cent ($0.50) put options expiring next Friday. The reason they are non stop shorting and dipping the price as hard as they can is to simply cause less pain for the boat loads of liquid cash they are about to lose next week. Every penny closer to the 50 cent mark saves them money. Next week is a short week. (4 day market week) + +As we all know at this point HEDGIES R FUKT. They know they are FUKT and they now we know they are FUKT. What has been done now in the world of PUTs is a massive amount of PUT options in the $160 - $320 range. A massive PUT wall because as those OTM (out of the money) 50 cent options expire EDIT: ***proving worthless, theoretically causing a ton of "potential shares" on their books to poof, potentially*** triggering upwards movement. This may be the last day we see the price this low again. + +Last thing is the $118 trampoline line. When the price was in the range of $118 from 2/21 - 4/21 it was a T+2 bounce line for huge price correction UP. We hit this line yesterday as the shorted the ETF's holding $GME. They continued to short today but Tuesday will most likely be a very crazy UPWARDS correction. History repeats itself. + +Expect next week FUD to be at an ATH. Huge waves of price corrections and more media saying we were wrong and advertising that we are selling. We all know this is not going to be the case. Apes are going to diamond hand until we see 2 things Hedgefucks... +1) Our floor price is a phone number, until it gets there you will not cover, close or own a single share. You wont own a single share ever though because +2) No sell until you're in a cell for fucking over the 99% for generations. + +HODL strong apes. Keep eating this tasty dip. BUY, HODL, and DRS and most importantly have a relaxing weekend. + +(This is not financial advice.) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Just an FYI, the CCP was the most talked about thing on Friday. The revolution is nigh! + +Viva La Revolution! + +[View Poll](https://www.reddit.com/poll/wnyemx) +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). +What are the best practices while investing for your child? + +Should you open a bank account and a mutual fund account or is it one more password to remember. + +We could just keep investing from our own account but then the decipline won't come and we won't see clear money for kids goals. + +What have you done? +ANYONE and I mean ANYONE who has seen the level of DD and has watched apes educate themselves sense January(and before) cannot deny this is any way. + +This kind of information is not free ANYWHERE. Hedgefunds, banks and market makers pay MILLIONS to professionals to give them a fraction of the information all of us have provided absolutely free of charge, out of the goodness of one's heart. + +STAND PROUD, AND HODL. + +HOUSE OF CARDS PART 2 & 3 ARE GOING TO BREAK THE INTERNET. + +Remember apes, our mods, Dd writers, professional consultants and even your fellow apes deserve a most righteous thank you, and I personally am proud to be apart of this movement. + +Apes together strong! Buy Hodl Vote! + +Mandatory rocket emoji 🚀 🚀🚀🚀🚀🚀🚀🚀 +Anyone else feeling that pain? + +I sold a CC on AAPL at 155 strike... currently $500 in the red with my profit capped on the shares I own + +I sold a CSP on NVDA at 320 strike... currently well over $1K red + +I sold a CSP on AMD at 144 strike... currently well over $1K red + +My 200 SOFI shares are down 10% + +My CRSR shares are down 50% + +Feel free to mock, at this point I could do with the humiliation to take my mind of the 4k I've lost since trading started on Monday morning. + +Edit: glad I shared. I’ve set 50% profit triggers for my CSPs and will leave my account alone for a week or so. Anything could happen in the next few days. I’m happy to own the stocks. + +It’s late here (UK). I’m off to bed. + +Night all. +You don't know me. And that is fine. I'm not selling anything, not affiliated with anyone. I don't share track records because I do not care to prove a point. This is my knowledge and what i've learnt, so I hope it's useful to you. Or not. + +I will not reply to DMs, I will hardly reply to comments. I just want to share. + +I've been trading for 9 years. Ok, I've been losing for 8 years and a half, then trading for the rest. 9 years is pretty precise, in 2 days from now is my very first deposit. + +I have lost 100+ micro accounts - i don't do demo, i just deposit 50-100 USD to play with; it is sufficient for daytrading with high margin, can maintain 4 usd risk per trade. I think it's important to trade with real money, even if it's beer money, because this is a brain game more than anything else. + +For 8 of those 9 years, I always thought I needed a better strategy. Some developed myself, some I took from courses. I watched 20+ courses, both from esteemed sources, and your generic 50 dollar private discord ones. Some were good, some were bad, but the good ones are not good because they had the better edge. I am convinced al 20 courses had an edge. But the problem is in the bullets below. + +If you have ever experienced the following: + +1. find a strategy +2. make some good money for it. Sometimes, even for a month +3. feel like you've got it +4. lose it all back within week(s) + +this is for you + +* Most edges are good. Seriously, they are. Your job as a trader is to identify an edge, and exploit it, and I am confident there are a billion ways to trade the market. I know a person who has been daytrading DAX on m1 with moving averages for 15 years, and is doing pretty good; i also know a few position traders off monthly candlesticks. Stop thinking the edge is what matters +* Trading is simple. If you think you are doing anything smart, you are delusional. My 4 year-old can draw a couple of lines on the chart. +* Trading is also hard, but not as hard as they convince you it is. Assuming you have proven an edge, the only thing stopping you from making money is YOU. We all know the stats, 99% of traders fail. I think, that statement alone, is the reason 30% of them do. Because we believe it is so hard, we don't trust ourselves that we can make it, and we make mistakes. +* Trading is a self-control game. Here i will break my rules and recommend a guy, who wrote a book. He's been trading live in front of thousands of people, for years now. And shares a lot of free info as well. I highly recommend the book Best Loser Wins: Why Normal Thinking Never Wins the Trading Game. Nevertheless, he offers the exact same info on his site for free. The name is Tom Hougaard. + +I really want to expand further into that last bullet. You all know how professional traders have losing days. Losing weeks. Losing months. Terrible years. If you think your current strategy has an edge, I have to ask you - how many trades have you done with it while being in drawdown, and without changing it? I just told you, and you've heard that before, pro traders also have HORRIBLE periods. When's the last time you stuck with the same strategy after losing 20 trades in a row? + +In reality, trading is a simple game. + +1. Find an edge +2. Prove edge (backtest) +3. Apply edge + +That bullet number 3 is the key. It sounds easy, but that IS the biggest problem of all. You are expected to perform, like a robot, day in, day out. + +Now the problem with trading is nothing is black and white. You have to eyeball a lot of stuff. That makes you part of the system, whether you like it or not (except if you have a trading robot; have not had success with those either). + +Back to those courses, i am certain they have an edge. I don't believe they generally sell faulty systems, I think most of them are actually good. But they can't teach you how they see the market; to this day, I make decisions during the day that i can't explain. "I saw something I didn't like" is very hard tho describe in a journal, let alone to someone else. Thus, the courses are all incomplete; very few I've seen teach you how they arrange their actual trading day, how they actually manage emotions, how they actually percieve the market as it goes. One that has is Al Brooks, and if anyone here has read his books, it almost feels like the rambling of the hobo by the bins downstreet. If you can follow his thinking, you have some insane focus skills. + +If courses are incomplete, as there is no way for the author to pass his actual knowledge to you, no wonder I haven't heard anyone say "o yeah, I took X course, and I'm now a profitable trader". What do you do now? + +Well, you have 2 problems on your hands. No one can teach you trading as they can't pass actual information to you (unless you get mentored by someone good, and i mean really mentored - stay by his ass for months and trading together) and applying any edge you might actually have. Both of these can be fixed somewhat easily. + +Get a list. Write down what you want to be. Who you are. What your weaknesses are. What your strengths are. How do you want to spend your days as a professional trader. What your life looks like. And focus on a target. There are many many edges out there, and nothing is impossible. Any trading rule you can give me, and I know someone, profitable for years, who breaks it consistently. + +Think of technical analysis. What is the tool you always go back to? I am not a fan of indicators myself, but i developed a RSI Overbought/Oversold strategy with an insane edge. Just a few rules, and a pessimistic target, and on backtesting it ended up killer. Anything is possible, so go with whatever comes naturally to you; because whatever comes naturally to you, is going to be easier to follow! + +Now develop an edge. Hard, boring, tedious work. Follow your list, and think of the tool. You want to catch every swing for whatever it gives you - sure, but be prepared to sit at the PC all day. You want to go Set&Forget style? fine, but accept sometimes you will scrape 10 pips out of a 100 pip move, and not be able to reenter anywhere; watch as the market tanks without you. You will ALWAYS have to give up something to gain something else. Wide stops/tight stops; passive and active management; scaling in, scaling out; set targets, floating targets. TA based targets, or fixed R targets. Play with/without confirmations. Generally, a good strategy covers these points: + +1. market conditions +2. Place where you want to buy/sell +3. confirmation - what do you want to see before you buy/sell +4. management - what do you want to see AFTER you buy/sell +5. Targets and risk management + +Develop your own, because you are the only one who can trade it. And it's the only way you will feel and know the nuances behind it. Develop it with your long-term goals in mind. A friend of mine was struggling, and he told me he wanted to daytrade now, to accumulate capital faster, so he can swing trade and enjoy life after. He doesn't have a mindset for daytrading, and, after 4 years, gave up. He is now swinging, and made a small fortune thanks to compounding - he just had to start being himself. + +Personally, I trade with high RR, and very low strike rate. I have strings of 30+ losers sometimes, and then a string of 5-6 6+R trades. It's who I am. I've tried for years to change. I always wanted a 2R, 50% strike rate, easy and simple strategy. I developed a bunch. All of them proved profitable in backtesting. Failed miserably live trading. When I did the checks at the end of the week, on 18 out of 25 trades I had broken the rules. Expanded the TP to 3-4R because "i saw a good technical level for target" or tried to "get in early"and artificially increase the R despite what i claim above. I ended up getting the worse of both worlds - low strike rate and low R. + +What I did? Fuck the 2% flat rule, it's like someone telling you to go all in every time you have AA starting hand in poker - not for every style, blind and boring advice. I now risk way below 1%, and I am comfortable. I have days with -4, -5, -10R; I also have days where I do 20+ R. It's just ME. trade-by-trade stats, my expectancy is really really low, 0.15 R - which means generally I make 1.5R every 10 trades, without compounding. My broker loves me for the commissions, but I end up green, and that is all that matters. + +If you think about it, you actually need very little to be extremely profitable with the power of compounding. I'm not gonna tell you you're gonna grow a $100 account into 3 billion in a year, but compounding is still there, and it does magic. What you need is to remain in the game long enough, and strict enough, to survive the shitty periods. Fortitude is the word. Get kicked in the nuts, but keep doing the same thing you know is good, day in, day out. + +So, a quick summary + +* Only YOU can develop YOUR strategy as per YOUR goals, aspirations, and personality. +* You can't undo whatever you've done till now, you already have a favourite tool in the toolbox; now sharpen it +* The game is NOT that hard, if you drop the mysticism around it. Develop, test, apply +* If you find the strategy that suits you, applying it should be easier + +There are a million edges in the market. You only need one, yours. You learnt all the "technical skills" you need back in kindergarten, now be a grownup and develop your business. +Edit 3: This is partially debunked b/c Dlauer has confirmed the halt was LULD, not Reason M. NASDAQ still shows "M" for an unknown reason. + +Several apes have linked to the LULD rules showing that the threshold for LULD halt is 5% and not 10%. They are correct. However, the actual LULD rules calculate on a moving average and use 30s data (not 1m). I don't have that data, so I can't do the math on the LULD calculation. + +For now, **I stand by my statement that the initial halt was NOT triggered by price volatility.** During the 26 seconds from 10:14:01 to 10:14:26 the price barely moved, and was trading within a couple of dollars during the minutes before that. + +It dropped from $92 to $84 in 1 minute at 10:05 and that did not trigger a halt. But, after the price goes from $90 to $94 over 4 minutes (10:11-10:14) it was halted. That just logically doesn't make sense. I will be looking into other avenues on how to determine the reason the halt was issued. (Possibly FOIA or public records request). + +&#x200B; + +**Original Post:** + +By now we are all aware that trading of GME was halted 4 times on May 12, 2022. Because these halts coincided with a big spike (and then fall) in price, it's a foregone conclusion that the halts are due to volatility. I think this is incorrect and that the volatility was CAUSED by the halts. + +You've probably seen this screenshot from another Ape: + +&#x200B; + +[GME Halts on May 12, 2022](https://preview.redd.it/oenlber7aaz81.png?width=802&format=png&auto=webp&s=1419532a365f4ecedf52d026a1f0d0d781cb48ed) + +Unlike other stocks that were halted for LUDP (Limit Up/Down)...GME was halted for Reason Code "M" + +&#x200B; + +[Reason Code M](https://preview.redd.it/1x03hgueaaz81.png?width=655&format=png&auto=webp&s=7c16230d7cc118ec76b3ccff73bf0eeedf0062a0) + +Reason Code M says "volatility trading pause" but also lists "Market Category Code = C". I've looked through all of the abbreviations in every category - and this is the only "C". + +[Market Participant Code C = Electronic Communications Network \(ECN\)](https://preview.redd.it/b65g1dthaaz81.png?width=866&format=png&auto=webp&s=f769bdf96449d3901c52e19090759270b54260f0) + +Now, what \*exactly\* is an ECN? + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/e\/ecn.asp#:\~:text=An&#37;20electronic&#37;20communication&#37;20network&#37;20\(ECN\)&#37;20is&#37;20a&#37;20digital&#37;20system&#37;20that,involved&#37;2C&#37;20offering&#37;20privacy&#37;20for&#37;20investors.](https://preview.redd.it/os0h7ey1baz81.png?width=649&format=png&auto=webp&s=494068427a0fd74c69fa962951f395fb4e5877e1) + +In other words, ECNs are the market makers and other exchanges that provide pricing data. So, at this point, it looks like GameStop trading was halted ***BECAUSE THE PRICE ON ONE OF THESE ECNs WAS VOLATILE***. *If the halt was due to the price on the actual market, then the reason code would be LUDP, like the other halts listed that day.* + +From here, I wanted to see what the stock actually did that triggered the halt. + +This is where it gets interesting. Let's look at reason code "M". These codes are all standardized and are the same on all major exchanges. + +&#x200B; + +[Reason Code of “M” is the volatility trading pause when securities experience a price change of over 10&#37; within a 5-minute period. ](https://preview.redd.it/aa3zg0ffcaz81.png?width=768&format=png&auto=webp&s=461489c8dfac2d1f1399eae31a766671423ba5a9) + +***When a trade triggers a trading pause, NYSE Arca (OR ECN) will send the indictor to the single plan processor.*** *This will result in the trading halt reason code and quote condition code “M” disseminated by CT/CQ to all data feed recipients. Pauses will last at least 5-minutes and end with an auction on the primary market similar to those held at the open beginning and close of each trading day.* + +&#x200B; + +Now, I don't have access to the order book because I'm just a regular ape. However, anyone can go to trading view and get data down to the minute for all transactions. + +[https://www.tradingview.com/chart/?symbol=NYSE%3AGME](https://www.tradingview.com/chart/?symbol=NYSE%3AGME) + +&#x200B; + +[GME Chart from May 12, 1 min incriment.](https://preview.redd.it/l0lxq6tqcaz81.png?width=1474&format=png&auto=webp&s=b7a5daa38fcc95b43a3a166e62e50707cf184864) + +I went through minute by minute and took the Opening, High, Low, Closing, and Volume and manually plugged them all into an excel sheet - adding in the gaps for when the halts occurred. + +&#x200B; + +https://preview.redd.it/ibapd8u2faz81.png?width=462&format=png&auto=webp&s=67953dc8abe83d45fc31eb9b57cf2bb03fae45ef + +From here, I made a formula that, for each minute, checks the previous 5 minutes for the high and low price, then adds or subtracts 10% to get the Reason M High and Low rolling threshold limits. + +I set it to be green if it's inside, and red if it exceeds the thresholds. + +Here's the thing: ***THE PRICE NEVER EXCEEDS THOSE THRESHOLDS.*** + +https://preview.redd.it/dr0i6z24faz81.png?width=640&format=png&auto=webp&s=6ff96e48cc4068a9bdfbaa395c61c96ce72f3cdf + +If the Trading View Data is accurate - ***then there was NEVER any sale of GME that was sufficient to trigger the Reason Code M volatility halt.*** + +**MY INTERPRETATION OF THIS DATA** + +1. A market maker/ECN triggered the halt (reason code M, Market Category C). But there was never any sale that triggered it. (I would love more input on this). +2. Someone bought 10k shares in the low 90's, triggered the halt, then dumped them in the 100's + +**DATA REVIEW** + +Look at the share price leading up to the first halt, and also the volume of shares traded. The price drops at 10:05 from 92 to 84...but then starts to rise. Over the next 10 minutes, it goes from 84 to 94 on next to nothing volume. + +Look at 10:14, just before the first halt. There were only 700 shares traded, then it was halted. 5 minutes later the stock resumes trading for 28 seconds. In that 28 seconds, more than 10,800 shares were purchased between $94 and $99, then there was another halt. + +The stock resumes trading at $102 ($3 higher than when the halt occurred). In the next :23 seconds the price goes up to $108, then gets halted again. Volume is 5k. + +Trading resumes at $108 and, in the span of :17 seconds, drops to $102 and is halted again. Volume is 5k. + +I don't know if it's exactly correlated, but the trading after halt one was 10,809 volume. The trading after halts 2 and 3 together is 10,816. That's weirdly similar considering the trades were done in just a few seconds. + +**SPECULATION:** + +I think the halt was initiated by an ECN in response to liquidity/volume drying up. (i.e., the float is almost gone and they had to do something). So they triggered the halt, then bought and dumped shares. Once the liquidity increased, they could further short and/or ladder to get the price back down. Then, because we're in the news again and the halt - everyone pours back in and there is volume to manipulate again. + +There's just literally no other reason I can see for the first halt at 10:14. It had gone up a couple of bucks in the previous few minutes but was relatively stable and unchanged immediately before the halt. + +**FURTHER THOUGHTS** + +I don't have access to the full order book. I would like to look at all of the orders that cleared during those halts and see if they originate from the same source. I also want to look at any options contracts or derivatives that were bought during the same time. I'd also like someone with wrinkles to explain any reason they know why the stock would be halted at 10:14 when there was low volume, and the price had not changed dramatically. (The price change came AFTER the first halt). + +I think this points towards some kind of new fuckery - but I just don't have the resources to drill down any further. Please review and let me know your thoughts or what else we can look at, or if I have missed something obvious. + +&#x200B; + +Edit 1: there is a non-relevant typo in my sheet for the closing price at 10:11. It was $90.35, not $99.35. + +Edit 2: credit to u/hank101 for this screenshot: + +This obviously did not go through as an order, I am unsure if this would trigger a halt - but the spread looks fucky for sure. + +&#x200B; + +https://preview.redd.it/tfx0sg3uraz81.jpg?width=770&format=pjpg&auto=webp&s=ca2524c7b614bb907cf4eecb36a1aecea96ccd60 +People say deflation is bad because it discourages spending. But is that really true? If deflation was severe, sure, but then you're probably in an economic crisis. + +However, when deflation is caused by supply side improvements such as innovation and free trade, then what's the problem? People's purchasing power increases and they still have a desire to consume things. + + +So let's say we strived for 2% deflation a year so to still maintain price stability, what could go wrong? +https://www.youtube.com/watch?v=XZComkkxeEI + +This man now lives in a tent in Oakland. He had millions of dollars back in a time when millions of dollars was a lot of money(!), until one day he woke up and learned that his financial institution was bankrupt and he lost everything. + +Just a small reminder that anyone can become homeless, as well as to avoid keeping all of your money with a single institution. +**Just published a new blog covering some of the most valuable lessons from the market throughout 2020! Give it a read and let me know your thoughts:** + +2020 has been a wild year in both everyday life and the stock market! We've seen the entire market crash and then recover to new all-time highs due to the COVID-19 pandemic, we've seen entire sectors of the market *(healthcare/vaccination, electric vehicle, energy, marijuana, etc.)* go completely parabolic, and we've seen some serious pump and dumps of 200%, 500%, and even 1,000% or more in a single day. + +All of this volatility in 2020 gave us some incredible money-making opportunities and, whether you were able to capitalize on them or not, it also reinforced some very valuable stock market lessons that can be used going into the new year. The rest of this post will dedicated to those stock market lessons. *Keep in mind that, even though history often repeats itself, these lessons may not be as accurate under different market conditions.* + +**1. Buy. The. F\*cking. Dip.** + +Realistically I could probably end it here because if 2020 taught me anything it's to buy the dip! This year it happened to be a little bit more than just a dip, with the S&P 500 *(and its ETF equivalent $SPY)*dropping about 35% from its high due to worldwide economic shutdowns from the COVID-19 pandemic. It only took about 5 months for the S&P 500 to completely recover up to its previous high, which it ended up soaring past. Anyone that bought the dip would have been rewarded nicely, which historically has always been the case when dip buying the S&P. + +Additionally, countless individual stocks also plummeted during this period, even though many of them hadn't been directly affected by the pandemic. These stocks also made great dip buys and, as you can see from their charts below, offered some incredible investment opportunities from their lows in March: + +[https://imgur.com/a/L8TSm1j](https://imgur.com/a/L8TSm1j) *(Amazon $AMZN)* + +[https://imgur.com/a/MIdwzDf](https://imgur.com/a/MIdwzDf) *(Apple $AAPL)* + +[*https://imgur.com/a/WCTMqB0*](https://imgur.com/a/WCTMqB0) *(Tesla $TSLA)* + +&#x200B; + +**2. Don't underestimated pump and dumps!** + +Pump and dumps are a huge part of the stock market and, specifically, the penny stock market. They happen when groups of traders, such as large chatrooms or alert services, simultaneously begin to promote and buy the same stocks. Eventually, the pumpers cash out with nice profits while other traders that chased at the highs are left with a loss when the stocks gets dumped back down to reality. Although trading them sounds a bit sketchy, there are many ways to make a lot of money with pump and dumps. If you can spot them early enough, you can ride their momentum and sell for a nice profit before the dump. Alternatively, you can wait for the pumping to end and the dumping to begin to short-sell them and profit from them coming back down. However, with this type of trading strategy you have to be extra cautious that you're short-selling the reversal, not just a temporary dip. + +2020 has shown the importance of not underestimating pump and dumps and avoiding being an early short-seller. Otherwise, you can easily end up wiping out your trading account if you get caught in a short position in a stock being pumped 500% or even 1,000% or more like we saw this year with $WEI, for example. + +[https://imgur.com/a/50imEwq](https://imgur.com/a/50imEwq) + +&#x200B; + +**3. Invest in sympathy plays** + +The market has had no shortage of sympathy plays over the past year, and hopefully the same will be true in 2021! Sympathy plays are simply stocks that spike for no reason other than their relation to another stock that is already spiking. Usually sympathy plays fall into the same sector as the leading stock/company and will have similarly priced stocks. A great example of this is the electric vehicle section of the market. Of course, the most well-known company in this category is Tesla *($TSLA)*, but because of the overall popularity of electric vehicles in 2020 there's been countless other companies that have jumped into the electric vehicle market just to take advantage of the momentum! + +These sympathy plays may not be as reputable or as investment worthy as the sector leader, but when there's a sector with a ton of hype around it, you can make a killing by hopping into some of the lesser-known companies early on. + +A quick and easy *(and free)* way to get an overview of which sectors have been performing the best lately is to go to finviz.com and select "Groups" at the top. This will show how different sectors of the market have been performing over multiple timeframes such as the past 1 day, the past 1 week, the past 1 month, etc. + +[https://imgur.com/a/gdHtOXy](https://imgur.com/a/gdHtOXy) + +&#x200B; + +**4. Don't fight the trend** + +If you've been trading or studying the market for awhile, odds are that you've heard this rule. This is just a friendly reminder to trade the trend... **not** fight it! The reason this was such an important lesson from 2020 is because of the overall market. After the initial "crash" in March, seemingly everyone was expecting a 2nd crash to come shortly after everything in the market started to recover. This led to a lot of traders and investors taking losses when they tried to short-sell into the bounce, with the expectation that their short positions would profit from the market making new lows. In other words, they fought the trend. + +With the market trending strongly in either direction lately, it's more important than ever to avoid fighting the trend. This means that you're better off buying into upward momentum than you are trying to buy at the exact bottom when there's a downtrend. The same is true for short-selling... you're better off short-selling into weakness than you are trying to short-sell at the exact high of a stock the is uptrending. + +[https://imgur.com/a/joiKmYR](https://imgur.com/a/joiKmYR) + +&#x200B; + +Best wishes with your trading and investing in this new year! Hopefully if 2020 wasn't a major success you are able to learn from some of the many lessons that this year has taught us and have a record-breaking 2021. +You see megarich people with super yachts but I always end up remembering the phrase "The two happiest days in a boat owner's life: the day you buy the boat, and the day you sell the boat". + +Like even if I was pulling in an 8 figure income, I cant imagine owning a boat would be worth it for the few weeks a year i'd actually use it. A private jet I could maybe justify I was flying... a lot (like several times a month). +I'm sorry if this is the wrong place but I wanted to share because I'm pretty sure I learned about this here. + +My wife makes just enough to not qualify for medical assistance but not enough to afford her own. She had an extremely bad asthma attack (exacerbated asthma attack?) and ended up in the hospital for about a week. We knew it was going to cost us but I was genuinely scared I was losing her so I didnt care. Thanks to this sub, I think, I knew to immediately request financial aid from the hospital. + +Before we heard from them though the bills started coming in. Totalled more than 85,000 but that's the gist. We just heard back that they dropped it down to 7,500. Itll still be a tough few years because we dont make much but its do able. 85,000 was not going to be do able... so thank you, whoever at some point shared that tidbit and potentially saved our financial future. +Short version: I’ve been paying thousands of dollars extra on my student loans because I didn’t know so much was going to interest. + +I’m 27 years old, and I recently realized how interest works. It all started when I stopped and looked at my monthly student loan bill. My parents were kind enough to pay for my loans until I graduated, and my mother has been making payments online from my bank account since then, so I was very hands off, just paying the minimum amount. +Well, I felt extra curious one day and wanted to get the breakdown of what I’m paying and saw I was paying 7% and 8% interest on two separate loans. That did not sound right to me. I googled and saw that the average rate was much less. +I got the information from my mom and went on the loan site and looked at my payment history for the first time. I had been paying about $300 a month and saw anywhere from $130 to $100 of that was going to interest. +Not going to lie, I freaked out a bit. How the heck is the principal going to go down if all that is going to interest?!? I called the loan people asking for an explanation; the woman on the phone knew nothing, I don’t think she even understood my questions. +I sent an email to the loan company and got a call from a woman that explained that the interest adds up daily. Like $2.75 a day or something, and the number fluctuated depending on the day the payment was made and the amount of days in a month. +I was content that I had an answer, but mad at myself for not looking into this closer. My mother made it seem like I should just pay the minimum until it’s gone, but if I could pay it off faster and save thousands, I’ll take that route. My father is actually the more financially aggressive one, he once convinced me to pay off a loan of $4000 upfront instead of making monthly payments for years to come. +Luckily, the loan company has a refinance option. I filled out the application, it was accepted, and the new rate for the consolidated loans is 4.8% with a monthly payment of $200. Happy ending right? No. See, I always thought that saving was the key, so I have a lot of savings, but I never even considered that paying off debt faster is also a way to save. +New plan, not just for this loan, but also for my car loan, put a lot more on the principal. I have a decent amount of money that’s not even a part of my savings for my house or my general savings, that could cut these loans down by 25% to 50%. So I’ll be making much bigger payments now. Sheesh + +UPDATE: you guys are amazing. I’m learning so much, and have so much more to look into. For the snarky comments about being 27 and having my mother use my bank account to pay this loan, I say to you, that’s how I was raised. She took control over a lot of things. She’s an amazing mother, but she has sheltered my sister (32) and I to a point where it has hurt our financial and adult growth. Now this is my fault too. I should have stepped up sooner, but I didn’t until now. Shoot, I don’t think she ever wants me to move out, but I am honestly working on independence. I appreciate you all and am looking forward to reading more advice! + +UPDATE: Damn, you guys did it again. I was lazy. I wasn’t nearly as on top as my finances and my life...as I thought I was. I took a lot of help as attacks, but you’re right. My mom does not need to be involved in my payments at all and she shouldn’t have been for a long time. I guess I felt ashamed to know that’s such a bad thing at this age. Just have to keep improving. This is great. Thank you guys. +Jellyfish here, I want to dive into what I view as a problem now, but is only going to get worse if not addressed moving forward. + +GameStop has an E t h e r e u m address now, that’s not speculation of fact, it’s verifiable on nft.gamestop.com 0x13374200c29C757FDCc72F15Da98fb94f286d71e + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/ogoml8izjs871.png?width=891&format=png&auto=webp&s=f51c65c1838b659df39907c4976a37c07bd073da) + +[Even has the logo](https://preview.redd.it/ud1q57l1ks871.png?width=709&format=png&auto=webp&s=ad700bebb212329f454452d721ea6e0af6faa477) + +But if I say GameStop’s ‘E t h e r e u m with the word spelled’ address is 0x13374200c29C757FDCc72F15Da98fb94f286d71e in a post or comment, auto-ban. + +I know it’s not as sexy as the Reverse Repo numbers every day, but this is where a sizeable chunk of the money raised from the share offerings is headed. The community should be able to show as much excitement about where our company’s money is going to be spent (in an area driving this fundamental transformation no less), as we are about where our future tendies are now. + +If we want the crypt0 dividend to deliver us to the promised land, we should be able to talk about the fundamentals of E t h e r e u m freely, as it is just as tied to GameStop now as all the macroeconomic stuff we get excited for in the sub every day. + +Like yesterday, [E T H surpassed B T C in daily active addresses](https://www.reddit.com/r/Superstonk/comments/obv6di/e_t_h_e_r_e_u_m_surpasses_b_i_t_c_o_i_n_in_daily/)! That is fantastic, and I want to know that the ultimate backend engine of our fundamental transformation is kicking names and taking ass! + +https://i.redd.it/1hp5q0s8ks871.gif + +If this were about say whatever cloud provider they want to use to power international shipping(as an example), and 1 of the big 3 was picked to power the infrastructure, and we had data for or against, you bet there would be a robust discussion. + +We need that robust discussion here on this new fundamental that the company is spending money on. Yes, they are probably going to have some awesome L2 solution to show us, but again it is all going to tie back to E t h e r e u m. + +Mods, I hope you consider changing this and potentially adding a member to the team with crypto knowledge as the lines are blurry now but they’ll be completely blurred after 7/14. + +Thanks and hope everyone has an awesome day! +I know that some of the folks on this subreddit think of retiring early as financial independence. I know myself well enough that if I retired, I'd just end up bored and frustrated. How I define FI is the fact that I can work a job that I enjoy, but as soon as I don't enjoy it anymore, I can walk away. + +I can't tell you how liberating it is to me personally to know, "If you're not happy, you can leave." Granted, that hasn't happened yet, but it makes me feel good that I don't have to stay in a job I don't like if I don't want to. +The fact that you have to pay a percentage of a property's value every time you transact is absolute bs. + +First, let's disperse the convenient lie of state governments that stamp duty exists to cover "administrative costs with buying and selling a property". How does buying a property cause hundreds of thousands of dollars in admin costs to the government and why doesn't the rate stay the same? I.e. is there significantly more paperwork for a $8mil house vs a $500k house? No there is not. + +Secondly, why isn't there a cap on the number of times this duty is charged to an individual? i.e. if I want to move 5 houses a year, why in the flying f do I have to pay the stamp duty 5 times?? + +This is a cash grab by the unscrupulous state governments, absolutely shameless in their nature which only worsen housing affordability and allow the councils to waste money on meaningless endeavours in order to justify their own jobs. + +For all the people saying "how will the state government cover their revenue shortfall" well looks like they simply won't be getting that revenue anymore or they will have to learn how to spend smarter or cut down on services. + +Over the ditch in NZ, there is no such rules whilst the market there is almost identical. +It is just money, no point in getting too upset. However if you feel you might do something stupid this is where you can get help (if you are from the US): + +1-800-273-TALK (8255) +We have the opportunity to buy our freehold from the council for £1750. +We currently have 956 years left on the leasehold and don't pay any ground rent. +We don't plan on making any major changes to the house like extensions but we don't plan on moving and would like to pass the house down eventually. +Should we buy our freehold? +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? +Received a call from an 800 number. They identified themselves as being from \[company that services my student loans\] and asked if I was \[my full name\]. No accent, caller was a native English speaker. + +The caller then told me they needed to verify some information to ensure my auto-payments would resume successfully when COVID forbearance ends next month - starting with my SSN. I told them I'd call back at the number listed on their website and hung up while the caller fumbled for some excuse. + +So I called my student loan servicer at the number listed on their website, and they confirmed that no outbound call was placed to me today, and that there would be no issue resuming autopay on my account next month. + +I am sure these scammers and going to be making a lot of calls like this, and I'm sure the next step was to ask for my bank account info for loan payments. Be careful, everyone. +Be careful everyone, volume is not much higher pre-market than any other day. There's something suspicious going on here. I think Melvin are selling shares below market price to force the price down. Volume is pretty average for pre-market, nothing seems too out of the ordinary. I'd imagine Melvin are scared, with short interest reports being released in a couple days, they probably want to bring that price down to a number that won't hurt them too much when they buy back. Stay safe, and remember the golden rule: 💎🙌 + +Edit: Stop giving me awards, use that money to buy GME shares retards +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! + +Originally I was going to buy a studio home for $165k which I think was a lot but that’s all that was cheapest in my home town in QLD. + +Then a two bedroom brick home became available which is $80k. I’ve been inside it and I’m in love! However it needs a paint job on the exterior and interior, and the bathroom works but is a real eyesore. I also need new windows installed. There are Pharo ants as well, a lot of them. Other than that the house is fine. + +Note: there is a serious housing crisis in my hometown. + +Is the $80k house worth buying? I could have it paid off in 6 years. I’m 24(F) with no children, no pets. Im working as a cleaner in Queensland Heath and I think I get paid quite well for someone without a degree at $1800 per fortnight. + +I am doing my diploma if I.T so I can get into Uni online so in three years I will be making a helluva lot more money then. + +What do you think? Is it a good buy? +Can we just pause for a minute and think of the magnitude of this forum’s impact on the global economy. Millions of people suppressed by the 1% are coming out in droves to fight back. To take back a small, but significant piece of what we’ve help build. We’ve lined the pockets of the greedy corporations, who have exploited the working class. In 1965, CEO employee ratio was 21:1, today it is 320:1 and rising. +This move has provided an opportunity for new and veteran retail traders to regain some of that capital back. + +This forum’s open and transparent dialogue has helped people pay off loans, make their rent payments, and perhaps get back on their feet after a horrific and painful 2020. It’s time the world gets to enjoy some tendies. Today, some kid’s $2k to $50k trade can help him regain some footing. Perhaps he can buy something supporting a small business or even start his own. + +This forum has transformed the economic narrative. Short traders pushing to bankrupt businesses at 138% of a company’s value will forever need to reconsider their moves. America was built on the backs of hard working people. Many of these people still work at some of these companies earning minimal pay. Shorts like this puts more people out of work and further into debt further suppressing their ability to make a sustainable living. Billion dollar hedge funds will need think twice about trying to bulldoze America simply for the benefit of a few. + +Many of us grew up with some of these companies. Companies like GameStop and AMC are part of +Americana. Sure, you may not have liked the $3 trade in for your game or perhaps you always wondered if the popcorn attendant came in your bucket, but fuck did you not still enjoy the movie experience. Other’s like Nokia and BB helped transform the way we communicate, share and communicate today. Way before we would browse Reddit while shitting, we were playing snake on our 6160. BB was, and still is Canadian. We hated their phones, but love our neighbors. These companies, who have lived among the most shorted companies, finally tells corporate greed that their game stops. + +So, to my fellow autist, as we rise this morning and gain further momentum, get ready to B.A.N.G. hard. There’s no time to slow fuck this. Get up, stay hard, and seize fucking the day. Our time has come. + +I like the stocks, but LOVE you all. +OK throwaway account here. + +Kind of a strange and maybe lucky situation im in. + +30yrs old. Software engineer for a startup making $150k/yr. As a side hobby, I got into coding smart contracts for blockchains etc. Through a series of lucky projects, I made $1.5M in the past 3 months - thus bringing my total NW to... Around $1.7M or something around there. + +Note: the $1.5m is in stable coins. Not volatile crypto. + +I've always lived pretty frugally and saved my earnings up just to lose it all following Wall Street bets and leverage trading crypto earlier last year (owie - $600k loss 😢) etc. + +Anyways - I have roughly $300k estimated coming in next month (January) but February is likely to be under $100k. I see this insane income as not sustainable since crypto is largely driven by hype and likely to dry up by March or April of next year. + +I've spent almost none of my earnings. Only just bought a new MacBook, but that's it. Still living in a crappy apartment, wearing free tech shirts I got 5 years ago, driving around in my 20 year old Volkswagen lol. + +Anyways - I'm looking to grow it to a point where I can fat fire and retire. I'm tempted to dump it all into index funds but not sure if that's the best move here. + +My monthly spend is like $5k max. Most of the time, it's actually closer to $3k. My full time job income is roughly $11k/mo after taxes. + +Asking for advice from the community here - what would a realistic goal be for NW and what's the right move here? Stocks? Indexes? Buy multi family homes? My ideal lifestyle is non stop travel so any property stuff would have to be remotely managed. + +(Edit: there's some irony to this. I build and launch crypto coins but will not invest in them lol) +The federal minimum wage is still $7.25. If you're currently being paid $7.25/hour, I'd love to find out how you make it work--do you have multiple jobs? What's your budget look like? I'm a reporter and I'm working on an article(s) focusing on how truly difficult life is when living on a federal minimum wage. + +&#x200B; + +\[Update: I'm referring to U.S. federal minimum wage. Also, happy to talk privately, feel free to DM\] + +\[Update 7/18\]: Just published the first article. Here's the link: [https://www.cnbc.com/2019/07/18/what-its-like-to-live-on-minimum-wage-in-the-us.html](https://www.cnbc.com/2019/07/18/what-its-like-to-live-on-minimum-wage-in-the-us.html) +*Disclaimer:* *As always, take everything with a grain of salt, and do your own research. Some of this is speculation and not entirely based on facts.* + +Enjoy getting your tetas jacked + +" **Comprehensive DD of how Citadel and friends are scamming GME and other shorts and how they are laundering the money.** " + +[https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive\_dd\_of\_how\_citadel\_and\_friends\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive_dd_of_how_citadel_and_friends_are/?utm_source=share&utm_medium=web2x&context=3) + +links to " **\[1/3\] The Ultimate DD guide to the moon!!. Crazy Melon"** + +[https://www.reddit.com/r/GME/comments/n2hgxq/13\_the\_ultimate\_dd\_guide\_to\_the\_moon\_crazy\_melon/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&utm_medium=web2x&context=3) + +by u/sydneyfriendlycub + +"**Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...** " + +[https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel\_securities\_has\_over\_57500000000\_in\_open/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/?utm_source=share&utm_medium=web2x&context=3) + +by u/ThatGuyOnTheReddits + +" Also, the one talking about Citadel's total short positions is full of ridiculous assumptions. While it is interesting to see what Citadel's short position value was on 12/20/20, OPs leaps of faith using that info are incredibly shaky (ex. " assuming 50% of these short positions are in GME"....whoa, wait what?). + +Please review and add a disclaimer." - u/justsaysso + +" Don't get ahead of yourself, fellow ape. That's the amount of all their short positions combined, not just GME. Granted, it COULD just be GME, but it's highly doubtful that is the case. Either way, that was how many months ago? They've had plenty of time to keep digging that hole. PLUS, that doc only shows us their *reported* short positions. Them illegal naked shorts aren't going to be accounted for. Ya know, cuz illegal. THAT is the number I'm most interested in, though we may never get to know the truth. " - u/Bradduck_Flyntmoore + +"**Ryan Cohens Kill Shot....the Reverse Merger"** (~~My personal favorite of the day~~) + +[https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan\_cohens\_kill\_shotthe\_reverse\_merger/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/?utm_source=share&utm_medium=web2x&context=3) + +by u/Alert_Piano341 + +" I don’t like the reverse merger one. The intercept article it links to is the only thing I’ve read that makes me nervous about the squeeze. It’s worth taking the half hour or so to read through the series. It’s old and talks about naked shorting and how they get away with it. The counter dd people are always looking for: it isn’t that we are wrong. It’s that we are right and it doesn’t matter. I hope this one is too big and too public to be ignored. The new rules and hearings keep me optimistic. " - u/fraygul + +" Clarifying question for you - are you saying you don’t like “the reverse merger one” because it linked to something that made you feel nervous? + +Sure, this question has crossed my mind too because it’s a valid issue. We could be correct and do all the right things but could still get fukd. We won’t know yet. Until we find out. In the meantime, there’s a lot we can do to anticipate and learn about the fuckery that allowed them to get away with it in the past. So the value of articles/information shouldn’t be measured by how it makes us feel but how informed we are after reading it. + +I see that you recommend folks read it but I’m confused by your opening and why you hold that against the reverse merger DD - which only had encouraging insights. + +In other words, I wonder if that loophole is now closed to them for the few reasons I mentioned (and possibly more I haven’t thought of). + +Edit: One thing to add - I’d have to research more into the obligation warehouse mechanism but I’m wondering if, for that loophole to work in favor of the short seller, *that’s* where they need a complicit issuer. Like, would the issuer have to sign off, so to speak, that the FTD’s are accounted for? I don’t know, smooth brain here but it sounds like the reverse merger can be leveraged in different ways, not just in favor of shorts." - u/blizzardflip + +" It's not that the Intercept article makes [/u/fraygul](https://www.reddit.com/u/fraygul/) feel nervous; it's that the Intercept article states that because the old short positions under the old CUSIP can no longer be closed, they can actually be warehoused indefinitely as a liability that will eventually have to be paid off, but no longer have an imminent FTD pressure that the shorts have right now. + +To quote the article directly: + +>Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. +> +>Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later. + +So instead of being a killshot for the hedge funds, this idea would actually be a killshot for the squeeze and the worst possible thing that could happen." - u/StringentCurry + +Thank you all for the feedback! + +" **AS SOMEONE WORKS AS AN ADVISOR FOR POLICY MAKERS AND HIGH OFFICIALS; THESE ARE OUR NEXT STEPS** " (My personal favorite of the day) + +[https://www.reddit.com/r/Superstonk/comments/n727qd/as\_someone\_works\_as\_an\_advisor\_for\_policy\_makers/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n727qd/as_someone_works_as_an_advisor_for_policy_makers/?utm_source=share&utm_medium=web2x&context=3) + +by u/keenfeed + +" I can’t fully support the one by [u/keenfeed](https://www.reddit.com/u/keenfeed/) because it calls on this sub to get politicians involved in a way that would make them easy targets for the people who don‘t want anything to change. + +I like the idea of sending out a Master DD (even though I doubt it could be a short read), but getting politicians on live stream and having THEM ask us questions to educate themselves is a bit over the top imo. + +[u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) replied to it and outlined some points detailing why it‘s not a good idea and I wholeheartedly agree with her." - u/jonnyHDM + +" Apes, + +We know how eager everyone is to get involved and make a difference. However, please keep in mind that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a place for people from around the world to get together to share news, information, memes and comments about stonks. + +Our AMAs are for informational purposes only. Our guests are here to inform us and to answer YOUR questions. + +We are not a political group. Mods will not spearhead any political campaign nor will we reach out to any politician on behalf of [r/Superstonk](https://www.reddit.com/r/Superstonk/). + +There are several reasons for this, however the most important ones are: + +1. Many of us, including several Mods, are not US citizens. +2. If [r/Superstonk](https://www.reddit.com/r/Superstonk/) reaches out to potentially "friendly" or "open minded" US politicians to try and "educate" or "inform" them, this is what will happen: + 1. Mods and influential [r/superstonk](https://www.reddit.com/r/superstonk/) users will be targeted as "bad actors" who are attempting to exert foreign influence on US politicians and policy; and + 2. Those politicians we reach out to, who may or may not be friendly, will be targeted as "compromised" and "under foreign influence/manipulation" +3. The result? All of a sudden, any positive changes they are attempting to make will be seen as "an attack on American Sovereignty" because they are "compromised" by "foreign manipulation" +4. Furthermore, politicians are not dumb. **You can bet that many of them are lurking on this sub, reading, watching and learning.** If they want to learn, they can and will do so. + +If you want to get involved, all you have to do is watch our AMA with Dave Lauer or [read the transcript](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/). Here's a direct copy/paste from the transcript: + +>\*\*WHAT CAN WE DO?\*\*There have been questions about **what can we do** and to me this is one of those things that we can do.Another thing is you can just continue to make your voice heard, **you can file comment letters with the SEC or FINRA, that's an excellent way to get involved**, they do read them and \*\*they do listen to well thought out comments, or well-researched comments.\*\*You can contact your members of Congress because these bills that are going to come up are going to be controversial and they need to hear that there are people out there that support them, for good reasons.You can make use of the SEC and Office of the Investor Advocate who is there to advocate on your behalf and is often focused on institutional investors but would probably like to hear more from retail.And Gary Gensler I think in his testimony before Congress is going to say that they're requesting public input on some of these exact issues.So I think getting involved like that is just an *excellent thing*.It's great to have more involvement and more perspectives in this market structure debate, versus most of the people that are involved generally work for the high-frequency firms, the exchanges, the broker-dealersThere are very few of us out there who are not beholden to one of those types of firms and who are making money, actively, off of the current market structure. + +If our American apes wish to contact their representatives **as individuals, please do so.** + +However, the Mod Team will not be contacting anyone on behalf of the community, nor will we be involved with organizing any "Master DD", slideshows, or political AMAs. + +Thank you for your understanding and cooperation, apes. + +🙏💪 + +**UPDATE:** + +Many American apes are asking for information/websites/links on how to contact their representatives/SEC/FINRA. This is information that I'll be happy to provide. I'm at work right now but I'll look into it tonight and post something tomorrow. + +Also, here's a message from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) regarding [u/mmedici](https://www.reddit.com/u/mmedici/)'s question in the comments below: + +>The subreddit is public space. I think that's even true, legally considering. People all over the world come to reddit and join public forums. We won't condone anything against our rules.Politics must be relevant to the discussion. There are private chat groups and messaging alternatives for those who truly wish to organize.This subreddit is geared toward public discussion and sharing of knowledge and education.This is not a place to organize action on the political battlefield.However, if those organized actions rely on information gained from [r/Superstonk](https://www.reddit.com/r/Superstonk) or other subreddits, that will not be on other community members or the moderators.We are here to facilitate public discourse, not censor information or discussion on the grounds of supposed involvement.**In the end, we all have free will and free speech, and we moderators seek to keep the peace and nurture public discussion, not police it or censor it without good reason.** " + +\- u/luridess + +"**I think I solved the Rubix Cube and... it is so much bigger than everyone thought.** " + +[https://www.reddit.com/r/Superstonk/comments/n7e18t/i\_think\_i\_solved\_the\_rubix\_cube\_and\_it\_is\_so\_much/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7e18t/i_think_i_solved_the_rubix_cube_and_it_is_so_much/?utm_source=share&utm_medium=web2x&context=3) + +by u/SoulSolus + +" Also, the Rubik's Cube one is super fishy. Check my comment history for my take in that post and also peep the comments of the ape I replied to (who was like the only voice of reason in the comments section). " - u/suddenlyarctosarctos + +" **Negative Volume Prints** " + +[https://www.reddit.com/r/Superstonk/comments/n772fg/negative\_volume\_prints/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/?utm_source=share&utm_medium=web2x&context=3) + +by u/dlauer (Holy shit The Ex-Citadel Employee, David Lauer is posting here! If you're reading this thank you so much for your contributions to the community, what an honor to have you!) + +"**Did you know Citadel is the NYSE DMM for $GME?"** (From yesterday, but still IMPORTANT) + +[https://www.reddit.com/r/Superstonk/comments/n68ooc/did\_you\_know\_citadel\_is\_the\_nyse\_dmm\_for\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) + +Another from the man himself by u/dlauer + +"**Recommended Reading"** + +[https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended\_reading/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended_reading/?utm_source=share&utm_medium=web2x&context=3) + +Also by u/dlauer (didn't get much love so when visiting the link make sure to supply many updoots!) + +**"\[Reposting because I aped it\]** **The SEC was potentially complicit in hiding squeeze worthy option data from retail investors after Melvin Capital's debacle, and institutional investors are capitalizing on it today"** + +[**https://www.reddit.com/r/Superstonk/comments/n77xou/reposting\_because\_i\_aped\_it\_the\_sec\_was/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n77xou/reposting_because_i_aped_it_the_sec_was/?utm_source=share&utm_medium=web2x&context=3) + +by u/StellarEVH + +" **Fidelity changed limit order restrictions to** **~~600%~~** " \*\*UPDATE\*\* now it is at 500% + +[https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity\_changed\_limit\_order\_restrictions\_to\_600/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity_changed_limit_order_restrictions_to_600/?utm_source=share&utm_medium=web2x&context=3) + +by u/candleaddict1 + +" [**u/Macnassmat**](https://www.reddit.com/u/Macnassmat/) **looks like it's** [**500% now**](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/)**.** " + +[https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle\_fridays\_change\_in\_limit\_order\_pricing/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/?utm_source=share&utm_medium=web2x&context=3) + +\- u/tikkymykk + +" **May 5: -1M volume. May 6: -2M volume. IT IS NOT JUST A SERVER RESET! This comment of** u/redditmodsRrussians **seems to be aging well. BRB, I gotta call mom. 💎🙌🚀🚀🚀** " + +[https://www.reddit.com/r/Superstonk/comments/n74w2r/may\_5\_1m\_volume\_may\_6\_2m\_volume\_it\_is\_not\_just\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n74w2r/may_5_1m_volume_may_6_2m_volume_it_is_not_just_a/?utm_source=share&utm_medium=web2x&context=3) + +by u/kim2oden + +" **Found something funky on the dark pools** " (\*\*ATTENTION BIG WRINKLED BRAIN APES\*\*) + +[https://www.reddit.com/r/Superstonk/comments/n7ahcl/found\_something\_funky\_on\_the\_dark\_pools/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) + +by u/Pubertus + +"**🚨 David Lauer AMA Transcript/Summary 🚨** " + +[https://www.reddit.com/r/Superstonk/comments/n7234n/david\_lauer\_ama\_transcriptsummary/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/?utm_source=share&utm_medium=web2x&context=3) + +" **🚨 David Lauer AMA Transcript Summary 🚨 (2/2)** " + +[https://www.reddit.com/r/Superstonk/comments/n7295i/david\_lauer\_ama\_transcript\_summary\_22/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/?utm_source=share&utm_medium=web2x&context=3) + +by one of our beautiful and honorable mods u/bye_triangle + +" **RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!!** " + +[https://www.reddit.com/r/Superstonk/comments/n73mqk/rh\_is\_out\_of\_sharesa\_day\_transfer\_now\_takes/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n73mqk/rh_is_out_of_sharesa_day_transfer_now_takes/?utm_source=share&utm_medium=web2x&context=3) + +by u/rafaelL2303 (Thank you for coming to the light!) + +((Seen transferred initiated on 5/5/21 must have been the tequila)) + +*\*\*Anyone who is still in Robinthehood during MOASS will be inducted in the Hall of Shame\*\** + +*\*\*\*\*Proclamation: If you are responsible for restarting the squeeze due to shit broker such as one who might sell on your behalf or not allow sell limit orders, I will personally pimp slap you\*\*\*\** + +" + +>" RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!! " + +To clarify, when you see trades "bounce" (erroneous trades that have been used to make the market but cannot be settled), you don't see the result on your end. The bad link in the chain is the brokers. + +You see asian brokers limiting share purchases to 10 shares max? Or brokers locking down big orders, even for big boy ISDA players? That's where the user sees the impact of erroneous trades. The brokers get fucked and have to sort out the IOU's or just kind of sit there, deal with it, and try to buy more at any opportunity they can. They can't get their hands on the paper because when they try, the trades keep bouncing, so they get stuck with too few shares and have to start throttling things. Brokers are the share bottleneck right now, RH likely worse than others + +The user just sees weird things happening all over the place with brokers and wonders wtf is up." + +\- u/ElleLeonne + +" **About 80% of the Ants in South Korea have already voted. Actually, we didn't even vote ourselves and this is the way.** " + +[https://www.reddit.com/r/Superstonk/comments/n7axoq/about\_80\_of\_the\_ants\_in\_south\_korea\_have\_already/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7axoq/about_80_of_the_ants_in_south_korea_have_already/?utm_source=share&utm_medium=web2x&context=3) + +by u/NyamNyam1227 (Special shout out to our comrades the Korean ants, WE SEE Y'ALL! 🐜🐜🐜🐜➕🦍🦍🦍🦍=🚀🚀🚀🚀 ) + +" **Italian News Article Tells of Incoming US Market Chaos, Starting with Hedge Funds and the Feds - “The Fed's "Catch 22" marks a storm. And a doubt: was Archegos sacrificed?” (translated from Italian using Google)** " + +[https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian\_news\_article\_tells\_of\_incoming\_us\_market/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian_news_article_tells_of_incoming_us_market/?utm_source=share&utm_medium=web2x&context=3) + +by u/CuriousCatNYC777 (Italianos checking in! Calling out the foogazi Feds and Hedgies) + +" **For those that don't know (I didn't) the legendary Dr. Michael Burry predicted the GME short squeeze two years ago. He might have been early, but he's not wrong.** " + +[https://www.reddit.com/r/Superstonk/comments/n7i5rj/for\_those\_that\_dont\_know\_i\_didnt\_the\_legendary\_dr/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7i5rj/for_those_that_dont_know_i_didnt_the_legendary_dr/?utm_source=share&utm_medium=web2x&context=3) + +by u/Confuciusly (Username checks out!) + +" **Potential Evidence Shorts are FUKT and have not covered and most of the buying pressure has come from retail.** " + +[https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential\_evidence\_shorts\_are\_fukt\_and\_have\_not/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential_evidence_shorts_are_fukt_and_have_not/?utm_source=share&utm_medium=web2x&context=3) + +by u/infation + +" **Retail owns over 500M shares** " + +[https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/?utm_source=share&utm_medium=web2x&context=3) + +by u/catsinbranches + +~~"~~ **~~Holy hell! Rule NSCC-2021-006 shows up to save the day! IT'S COMING.~~** ~~"~~ + +[~~https://www.reddit.com/r/Superstonk/comments/n7byxy/holy\_hell\_rule\_nscc2021006\_shows\_up\_to\_save\_the/?utm\_source=share&utm\_medium=web2x&context=3~~](https://www.reddit.com/r/Superstonk/comments/n7byxy/holy_hell_rule_nscc2021006_shows_up_to_save_the/?utm_source=share&utm_medium=web2x&context=3) + +~~by~~ u/Horror_Veterinar + +"**CLARIFICATION OF NSCC-2021-006"** + +[**https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification\_of\_nscc2021006/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification_of_nscc2021006/?utm_source=share&utm_medium=web2x&context=3) + +by u/SquareGravy + +" That guy is actually wrong and painting 006 in a bad light. - the one saying it isn't that important.. I corrected him in another thread which he agreed to. " - u/juventinn1897 + +Good luck trying to get some sleep now! + +Let me know if there are any that someone would like to add, just like to consolidate some of this so it's easier to refer back to since my uncle Renny (u/rensole) ain't here to do so 😥 + +We miss ya Unc! + +Hope you are enjoying your much deserved/needed rest and having a blast! + +You fucking legend! + +Oh and if any mods are reading this would like to petition for an AMA with Kenny G's ex wife or wife's boyfriends + +I'm sure they have VERY valuable information + +Like on his positions.. when she wears strap-on and they double team Ken.. + +You know the good stuff! + +Edit: Holy shit wasn't expecting this to blow up, thank you all for showing this post some love going to do a bit of editing with consideration to the comments below. I appreciate all the feedback this is what makes this platform so glorious! + +Take notes ~~Mainstream media~~ + +We are the news now! + +TLDR: N/A haha +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 pretty much explains what I'm guessing will happen. + +edit for preface: Lot's of confusion, misinformation, and frankly fud going around. I'll say this. The price doesn't matter. Shorts are obligated to return shares, not currency. The risk is already infinite. It becomes **infinite risk x4** with this dividend. + +Yes, there are all sorts of rules, exceptions, and processes that go into a split, dividend, reverse split, etc. + +But this situation is different from anything that's ever happened (and will happen). There are too many shares being held by investors, institutions, and insiders. Non-stop buying for years while shorts did their thing while printing shares like JPow and the Fed friends print money/debt. This coke-fueled strategy only dug them deeper and deeper after the buy button shut off Jan '21 as well. + +Nobody knew what would happen since then. Nobody knew when shorts would lose control. + +We've seen innumerable rules and filings since, not just to isolate damage, but to prevent an event of this magnitude from ever happening again. + +Now IMO, I think after Computershare does their thing and distributes the necessary shares to insiders and registered shareowners, the remaining number gets handed to the DTCC->DTC (along with a nice big giant bag) + +The DTC knows what's going on. It's their shit show. But they won't want that bag for long. + +I think the next step will be them forcing closure of short positions until they reach that nice number GameStop's Transfer Agent Computershare, handed them. Until they do, it's infinite risk in an increasingly illiquid and shrinking float. + +&#x200B; + +Nobody knows how it will play out though. But this is exactly what we individually knew as we aped into this wonderful stock/company backed by the fervent vision of Ryan Cohen. I personally, am super excited for the future of the company, not just MOASS. + +&#x200B; + +**Hang in there and DRS your shares.** + +edit: and I'm not selling a single share until I see massive numbers AND those responsible for all the manipulation and theft thrown in handcuffs+sentenced. + +edit2: Don't forget Ryan Cohen can buy millions more shares still. And he's done it on IEX in the past soooo.... 🚀 +Seriously, I get 4 phone calls a week with some lowball, fast close bs (I have 7 doors). If I want to sell my investment property, I know who to talk to. Is the hope to find a little old granny who doesn't know anything about selling property? +Wondering what skills or qualities people attribute their financial success towards. What do you think differentiates you from the average person? Was it your upbringing? Was it your dedication and hard work? Was it your commitment to learning? + +Edit: People asking me to define high income earner. I would classify $150k+ as high income earner. It’s a bit lower than the 95th percentile, which is doing incredibly well. + +I am still super interested in hearing from people who are complete outliers as well ($250k+), which Ausfinance seems to have plenty of. Even people in lucrative careers can cap out before $250k, so would be fascinating to hear about what differentiates these outliers +With Christmas season coming around, I thought I’d talk a little about giving. Particularly giving FIRE to your kids. Or at least a normal retirement. For example: + +Let’s say you invest $25k in a separate account when your child is born. You just let it sit there and add no additional savings. Here’s how it would grow over time using a rough estimate of doubling every 10 years: + +Age 10: 50k +Age 20: 100k +Age 30: 200k +Age 40: 400k +Age 50: 800k +Age 60: 1.6 mil + +Now, I get that doubling every 10 years may be aggressive, but it’s more to just illustrate compounding interest over a 60 year time frame. Whatever the “real” number ends up being, it’ll most likely be a lot. + +Part of me thinks it’s a great gift for a pretty low initial investment. A lot of people on this sub could give the gift of retirement with less than a year of additional savings for example. On the other hand, I would worry about the child not having to work for it. We all know the reputation trust fund babies have for example. + +Has anyone done this? Or thought about doing this? If so, how are you going about it? Questions like: Will you tell them, what age will it be given, etc. come to mind. + +EDIT: To be clear, the 1.6 million after 60 years accounts for inflation and is in today’s dollars. Doubling your savings every 10 years is just an easy way to estimate the amount. Here’s the actual math a friendly redditor pointed out: + +25000 * (1.07 ^ 60) = $1,448,660 + +Looks right. To find the nominal value, assuming 2.5%/yr inflation... + +25000 * ((1.07 + 0.025) ^ 60) = $5,791,447 +So I’ve never been the best with money only in the recent year have I been able to have a secure job and build my own savings, instead of living paycheck to paycheck. My own saving stand at about 9k with 1k of disposable income but I recently learned I’m about to come into a larger amount of money, not huge in the grand scheme of things but enough that I am uncomfortable about it and a little lost about how I want to use it for my future. I mean honestly my long term goal is to buy a house with my boyfriend but not until we’re married we’ve only been dating a year so I wouldn’t want to sign a mortgage or anything with him right now, I just recently started to establish credit so I also want to take a couple of years to build up my credit I’m thinking maybe financing a car? I have no clue about investing or good ideas to use this money for so please do tell. +# Tl;Dr: Not this time. You won't regret the time spent on this. There is also an ELIA at the bottom. + +# Disclaimer: + +The aim of the post is to display some options trading data that I believe many of us haven’t seen. It is to contextualize abnormal options trading activity on GME and dispel some myths about the put open interest. + +**BY NO MEANS DO I INTEND TO MAKE CONCRETE STATEMENTS ABOUT WHAT THIS DATA MEANS.** + +I am an ape with a research & writing background, not a financial or markets one. I am good at getting to and presenting data. Courtesy of ape’s donations, I am now working full-time on investigating and writing about GME. + +**I am asking for your input as to what we are actually looking at, how it works, and what the implications are. I am asking for the SEC, FINRA, and the relevant US Attorneys to tell us what this data means, and to what tune GME retail investors have been defrauded.** + +## Throwback time: + +* I am the guy which has been tracking deep-ITM call anomalies and reported the findings to the SEC, which you can find posts about here: + +[The SI% is fake. I found 44,000,000 million shorts that had their FTDs reset since January 1st using DEEP ITM CALLS.](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) + +[DEEP ITM Calls Activity PT2 - April 1st](https://www.reddit.com/r/GME/comments/mi31m6/deep_itm_calls_activity_pt2_april_1st_708000_ftds/)[Update on me contacting SEC about the 44m FTDs; Proposal for a 'The Game Did Not Stop' Project](https://www.reddit.com/r/Superstonk/comments/mkjaxs/update_on_me_contacting_sec_about_the_44m_ftds/) + +* The above data seems very damning in light of the SEC Risk Alert paper which describes such anomalies to be evidence of Fail-to-Delivers being reset in order to circumvent the law and regulations regarding short selling. + +# 5th of April + +Now, it is the belief of some apes that on the 5th of April, there was no deep-ITM call activity due to my widely-read posts on the 31st March and 1st of April. + +That is not my belief, because that would just be too hilarious to be true. If only Kenny saw how I lived. + +However, the fact remains that in the week after those posts, that activity was lacking. However, new Open Interest opened up on random worthless puts again. That caught my attention and piqued my interest. + +Here are the results of my almost 3-week investigation. + +# Observation 1: GME has some of the highest put Open Interests across all stocks + +**For the JULY 16 expiry, only S-P-Y has higher open puts.** For January 2022 expiry, it is rubbing shoulders in terms of open put interest with stocks that have 2-5bn shares outstanding, compared to GME’s 70m. + +https://preview.redd.it/q2cwjwpqhmv61.png?width=1648&format=png&auto=webp&s=9d294b6f46e3693b6cb098b921ad04ebcdf3a861 + +# Observation 2: Majority of that Put Open Interest is in seemingly worthless deep out of money puts, mainly around $0.5 puts. + +https://preview.redd.it/i9jpttvrhmv61.png?width=1652&format=png&auto=webp&s=7070cc3885bc9dbea2fe1a635d67e35f24cbc930 + +Why is this interesting? + +**These puts are the most worthless items in the GME options market.** + +They are the right to sell 100 shares of GME at the strike price. Therefore, buying a $1 put is equivalent to betting that you will profit from selling shares at $1, i.e. betting that the price will be lower than ($1 — premium for buying the put). + +**It is one of the four corners of the options spectrum. It is the worthless corner. Other three corners are far more valuable.** + +1. The corresponding strike price calls $0.5—$10 calls are ‘deep-in-the-money’ — meaning the stock price exceeded the strike price, in these cases, by a factor of over 20x. For this reason, they are pretty much priced at (share price — strike price) as the likelihood of them being in the money is pretty much at 100%. They are very valuable. +2. There are deep-out-of money calls ($800c), but with recent volatility, reaching those prices does not seem impossible for long-dated July, Nov and leap calls. They have time value and volatility premiums that represent the likelihood of the price reaching $800 by the expiry date. None of these deep-OTM calls trade at sub—$0.05 premiums like the deep OTM puts do. +3. High strike price puts ($800p) represent the right to sell shares at $800, which is approximately 4-5x the current share price. Therefore, the price for these is close to ($800 — share price), they are very valuable. + +All other strike prices for calls and puts are points along those scales. **The deep OTM puts we are looking at are at the most worthless end of the scale.** They in many cases trade at $0.01 premium per share, or $1 per put contract. + +This seems insignificant, but when we look at the share numbers tied to these transactions — we MUST ask — **why would somebody do something so ‘insignificant’ SO MUCH?** + +Additional proof to the worthlessness of these puts as well as the thesis that the holder of these puts is obtaining them for a gain other than financial: + +**On Feb 5, the following puts expired:** + +$0.5p - **22,163 OI expiring - 27,010 total** volume since creation + +$1p - **15,281 OI expiring - 19,531 total** volume since creation + +$1.5p - **6,951 OI expiring - 9,704 total** volume since creation + +$2p - **4,793 OI expiring - 6,549 total** volume since creation + +$2.5p - **4,671 OI expiring - 4,754 total** volume since creation + +On Feb 12, the following puts expired: + +$0.5p - **35,153 OI expiring - 43,835 total volume** since creation + +$1p - **15,802 OI expiring - 22000 total volume** since creation + +In many of these cases, the party who initially buys the put holds it until it expires worthless. + +Options are the casino of the stock market. The options represent bets. + +**What incentive is there to make such worthless bets over and over again at crazy volume?** + +Or maybe the question we should be asking is: + +**Why would somebody NEED to be writing these puts?** + +# Observation 2b) Other stocks do not have such high open interest on the lowest strike price puts. + +Here is a comparison of the Put Open Interest for GME against 4 other stocks. I have added the **total Put Open Interest** for the **LOWEST STRIKE PRICE PUT** for **EVERY EXPIRY**. I have then multiplied it by 100, for the maximum of theoretical shares linked to each contract, and divided it by the **TOTAL OUTSTANDING SHARES** for each of the stocks. + +https://preview.redd.it/kbgum22thmv61.png?width=1257&format=png&auto=webp&s=2f7a6a92c2d4fe1b486583560fbf8301d7eaaf4b + +**Not one of the other surveyed stocks even touched 2% compared to GME’s 53.38%.** This is completely ignoring the facts that not one of those stocks is priced higher than $27, to GME’s current $160s. Many of the other stock’s strikes started at $10 and $15 for some expiries, which means that in some cases, the lowest put strike price available was above 50% of the current share price, while in the case of GME, most of these puts were placed at $0.5 and $1 strike prices, which were 0.31%-0.62% of the share price. + +**If every one of those put contracts SOMEHOW corresponded to 100 shares, the total amount would constitute 53.38% of GME’s outstanding shares. And those are just the lowest strike prices. Can phantom shares be created in this way?** + +We have a sniff of a clue in this paper: + +# [Welborn, J. (2007): MARRIED PUTS, REVERSE CONVERSIONS AND ABUSE OF THE OPTIONS MARKET MAKER EXCEPTION ON THE CHICAGO STOCK EXCHANGE ](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf) + +***p1:*** *In hard-to-borrow securities, short sellers are illegally “renting” the options market maker’s exception from the locate requirement in order to obtain share entitlements and put options that they then sell and exercise for profit. In a married put, a short seller purchases put options from an options market maker who then \[naked\] shorts the same amount of stock back to the short seller as a hedge. If the stock sold is not a threshold security, then the options market maker may fail and never deliver. A married put can be disguised as a market-neutral reverse conversion. Married puts in Overstock executed, in part, on the CHX exchange indicate several layers of fraudulent, manipulative and criminal activity:* + +*1. Engaging in securities fraud by knowingly failing to deliver securities* + +*2. Mis-marking intentionally short sales as long.* + +*3. Engaging in market making activity that is not bona fide.* + +*4. Failing to comply with Regulation SHO close-out requirements (“rolling the fails”)* + +*5. Agreeing in advance not to demand delivery through buy-ins (i.e., criminal collusion)* + +***p6:*** + +[Married Put mechanism per Wellborn paper](https://preview.redd.it/hxc89g7uhmv61.png?width=670&format=png&auto=webp&s=571a4b5d3e01f592711092d12efba362bc601d23) + +***p7:*** *The outcome of the married put is that the actual naked shorting occurs on the books of the options market maker. Regulation SHO says that, at T+13, the options market maker need not locate and deliver the “shares” he sold. Options market makers face no penalties for failing to deliver. Similarly, the short seller has no incentive to buy-in the market maker, as that would create upward price pressure on the stock—just the opposite of what a holder of a real or synthetic short position would want. Even if that were not true, it is common knowledge that buy-ins are rare. In a* [*2003 SEC Interpretive Release*](http://www.sec.gov/rules/interp/34-48795.htm.)*, the Commission expressed concern about “the manipulative sale of securities underlying a married put as part of a scheme to drive the market price down and later profit by purchasing the securities at a depressed price.” With increased scrutiny on married puts, anecdotal evidence suggests that they are being masked within market neutral trades known as reverse conversions. Classically, conversions and reverse conversions were riskless arbitrage transactions that converted common stock into options (and vice versa).* + +***p9: “Those trades could be done to generate new “bullets” with which to depress the share price. It is also possible that the married puts are being used to roll failed positions.”*** + +**p9-10**: “*In May 2007, the American Stock Exchange* [*disciplined SBA Trading for abusing the options market maker exception through the use of fraudulent use of married puts*](https://www.yumpu.com/en/document/read/36560115/09-0008-sba-trading-llc-and-scott-arenstein-cboe) *and reverse conversions. It is a* ***FACT*** *that the Arensteins engaged in fraudulent options market making on this stock. This course of conduct enabled Respondents to maintain impermissible short positions in a number of Reg SHO threshold securities for extended periods of time.”* + +**My comments:** The GME case is different from the one discussed in the Wellborn paper. Throughout the paper, the married puts cited are described and implied to be in-the-money puts. On GME, we can observe incredible out-of-the-money put anomalies. + +However, not every tactic of the 2021 Abusive Short Seller will be described in papers from 1999-2013 that most of current GME DD is based on. + +We will never have all the answers presented to us, though. + +**However, from this paper and the SEC Risk Alert about deep-ITM calls, we can be CERTAIN that both calls and puts will show anomalies somewhere if fraudulent activity surrounding maintaining illegal short positions, creating phantom shares, and rolling failed buy-in obligations is taking place on a stock.** + +This is just where I found the anomalies on GME. + +It shouldn’t be my job as a retail investor to have to determine exactly how these anomalies link to and explain that activity, that is a job for the SEC, FINRA, the United States Attorney for the Southern District of New York, as well as probably Chicago and Philadelphia. + +**This is just the data I found.** + +# GME Phenomena relevant to the Wellborn Paper + +# 1. Abnormally High Put Open Interest on seemingly worthless puts + +# MYTH: + +The Abnormally High Put Open Interest on $GME **is a remnant of (possibly naked) shorting in 2020 and early 2021 (pre-January squeeze).** + +**Implication:** Yes, there was naked shorting on GME, but it is possible this was covered in the January rally. + +# FACT: These puts were almost exclusively opened DURING and AFTER the January rally. + +https://preview.redd.it/z15p9vtvhmv61.png?width=2044&format=png&auto=webp&s=4b171d0802ce7c97a6686cd57f74564113ffd842 + +The above graph is the **net change in open put interest** on all the puts that I suspect of having been manipulated. + +**If the abnormally high put open interest was accepted as a remnant of pre-January naked shorting, wouldn’t this chart make that proof of naked shorting happening on GME heavily during the January spike, and also preceding the mid-March drop?** + +A 1990 paper that I paid $25 for may hold a clue: + +*“Our results indicate that securities with high levels of short interest tend to have higher betas and traded options and convertible securities associated with them.* ***Changes in the open interest of options are positively related to changes in short interest.*** *To examine this, we looked at coincidental changes of the open interest in firm options and changes in a firm's short interest. Table 5 reports the aggregate simultaneous increases and decreases in short interest and open option interest based on the expiration cycle. The statistical results are easily significant at the 0.01 level and indicate that* ***short interest and option open interest tend to move together***. Tests performed on individual years also were significant for each year. The short interest changes tend to be positively associated with changes in the open interest of options.***” -*** [Brent, Morse & Stice (1990) — “Short Interest: Explanations and Tests” (Journal of Financial and Quantitative Analysis, Vol 25, No 2, June 1990)](https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/issue/FC6DD9EE2BFF94316B896BA21F6798FB) + +&#x200B; + +**In this fashion, there have been 90+ strike price & expiry date combinations used since January 2021 to perform this suspicious activity. They are:** + +**^(FEB 5 0.5p)** **^(FEB12 10p)** **^(16 APR 9p FEB 5 1p)** **^(FEB12 15p)** **^(16 APR 10p FEB 5 1.5p)** **^(FEB19 1p)** **^(16 APR 11p FEB 5 2p)** **^(FEB19 2p)** **^(23 APR 5p FEB 5 2.5p)** **^(FEB19 3p)** **^(23 APR 10p FEB 5 3p)** **^(FEB19 4p)** **^(23 APR 15p FEB 5 3.5p)** **^(FEB19 5p)** **^(23 APR 20p FEB 5 4p)** **^(FEB19 6p)** **^(30 APR 5p FEB 5 4.5p)** **^(FEB19 9p)** **^(JUL16 0.5p FEB 5 5p)** **^(FEB19 10p)** **^(JUL16 1p FEB 5 5.5p)** **^(FEB26 3p)** **^(JUL16 1.5p FEB 5 6p)** **^(FEB26 3.5p)** **^(JUL16 2p FEB 5 7p)** **^(FEB26 4p)** **^(JUL16 2.5p FEB 5 8p)** **^(FEB26 4.5p)** **^(JUL16 3p FEB 5 9p)** **^(FEB26 5p)** **^(JUL16 5p FEB 5 10p)** **^(FEB26 5.5p)** **^(JUL16 5.5p FEB 5 11p)** **^(FEB26 10p)** **^(JUL16 6p FEB12 0.5p)** **^(MAR19 1p)** **^(JUL16 7p FEB12 1p)** **^(MAR19 2p)** **^(OCT15 1p FEB12 1.5p)** **^(MAR19 3p)** **^(OCT15 4p FEB12 2p)** **^(MAR19 4p)** **^(OCT15 6p FEB12 2.5p)** **^(MAR19 5p)** **^(NOV19 3p FEB12 3p)** **^(MAR19 6p)** **^(21JAN2022 0.5p FEB12 3.5p)** **^(MAR19 10p)** **^(21JAN2022 1p FEB12 4p)** **^(16 APR 0.5p)** **^(21JAN2022 1.5p FEB12 4.5p)** **^(16 APR 2p)** **^(21JAN2022 2p FEB12 5p)** **^(16 APR 4p)** **^(21JAN2022 3p FEB12 5.5p)** **^(16 APR 5p)** **^(20JAN2023 2p FEB12 6p)** **^(16 APR 5.5p FEB12 7p)** **^(16 APR 6p FEB12 8p)** **^(16 APR 7p FEB12 9p)** **^(16 APR 8p)** + +# The following graph is the build up of Open Interest on these puts over time. + +This is the total puts opened since January, ignoring expiry. It assumes 100 phantom shares were indeed created for each of these suspicious put contracts. **Of course, market mechanics and the level of callousness of the naked shorter dictate that in reality, that number can be anywhere between 1 and 100, and as of now, we have no way of determining which. My suspicion is on the same side of 50 that yours is on, but there will be more data in a second to explain why.** + +https://preview.redd.it/cee6038xhmv61.png?width=1090&format=png&auto=webp&s=2d542ab16abd4eaea4fc19a0e7148748865a7032 + +**If it is indeed true that between 1 and 100 phantom shares were created corresponding to every put, then between 1,277,520 and 127,752,000 phantom shares of GME have been created between 11th of January and 9th of April.** + +Full sheet: + +https://preview.redd.it/tc4h4u8yhmv61.png?width=5498&format=png&auto=webp&s=a8c984519d00214ba8f79a97dbeda369894fee07 + +What else is new? + +# 2. Out-of-this-world Put Trading Volume 3 & 4th March + +Going back through all these suspicious expiries, something else cropped up. On a range of them, several days had spikes of **trading volumes that far exceeded the put open interest**. + +Exceeded how far? + +As far as **232,364 traded volume to 1,155 open interest**. The equivalent of total open interest changed hands every few seconds in blocks of 500. This happened to a range of puts: + +https://preview.redd.it/j04nmdazhmv61.png?width=814&format=png&auto=webp&s=9280454ad86b90bc754c6f4001e0becebf9ca8b2 + +This activity crops up on some other days, but not to this level. + +# March 3rd and 4th were real anomalies: + +[Options Trading volume suspicious on grounds of volume far exceeding Open Interest, 11JAN-8APR](https://preview.redd.it/9cgf0820imv61.png?width=1676&format=png&auto=webp&s=838e0f8dee643447bb7081871f462c02fbb06955) + +# How out of the ordinary is this? + +**Between MAR 3 & 4, a total of 1,676,236 contracts changed hands, both calls and puts.** + +**This activity constituted 1,094,004 — or 65.26% of the options trading activity on GME for those two days.** + +The next day, March 5th, there were only 388,638 contracts traded in total, even though it was a Friday. + +All of this volume on March 3 & 4 happened across these strikes: + +**^(9 APR 5p, MAR19 4p 26 MAR 5p, 1 APR 5p, JUL16 2p, JUL16 2.5p, 16 APR 1p, 16 APR 1.5p, 16 APR 2p , 16 APR 2.5p, 16 APR 3p, 16 APR 3.5p, 16 APR 4p)** + +**So what the hell is this?** + +I’ll tell you what it is not: + +It is not any HFT, algo trading, scalping or **any way to make money.** One look at the transactions on the 9 APR $5 puts proves that: + +**1,256 9 APR $5 put contracts were open after the trading session on 4-MAR-2021** + +**But 232,364 5 APR $5 puts traded during the session of 4-MAR-2021:** + +https://preview.redd.it/6r9lx2k1imv61.png?width=645&format=png&auto=webp&s=e32b0fcb192aa8fb5c6ae232a19245a17b31ac53 + +**— 230,009 traded between 13:56:14 and 14:51:40** + +# — 229,997 traded at the same price, of $5 per contract. + +Similar is true on other strikes with this unusual volume. **There was no profit opportunity here.** **The benefit had to be a regulatory / loophole one.** Why else would somebody generate “worthless” activity that exceeds the average option trading volume a couple times? Is this another way to reset FTD and buy-in obligations, like the deep-ITM calls? I believe contextualizing these spikes within the timeline helps us understand what they can be: + +&#x200B; + +[A hint, perhaps.](https://preview.redd.it/cd6hrrp2imv61.png?width=1680&format=png&auto=webp&s=c37d6f2736ea4d8770e99a2472cee393498e7d63) + +# The Weird Coincidence + +It is a good thing that composing this DD took a few days longer than planned. While watching some brainless TV, a lightbulb moment launched me from my seat. + +What if I were to compare my two charts, and take the: + +The Max Amount of Phantom Shares related to Open Interest up to MARCH 2nd… + +And compare it to the Volume of the March 3 and 4th Put Volume spike. + +https://preview.redd.it/hvfk30g3imv61.png?width=961&format=png&auto=webp&s=4b1ecb4d6583d9272e54631e99c88e4df53a3116 + +**Those two numbers fit within each other almost perfectly.** + +**So now, let’s get the SEC to tell us why this data is nothing to worry about.** + +Because as a retail investor in GME, I am mortified. + +The possibility that there are 127 million phantom shares on top of the rightful 70 million, does not fill me with confidence in the US stock market. + +**Gary, pls fix.** + +\--------- + +# ELIA ATTEMPT as requested: + +1. Interestingly, **GME has abnormally high number of puts open out of all stocks**. It has more puts open than stocks that have billions and billions of shares. +2. Interestingly, **most of those puts are placed on "worthless" puts** \- around $0.5-10 strike prices, meaning bets that you will profit from selling shares of GME at $0.5-10. **Nonsensical bet to make. Let alone to make a million of these bets**. +3. Most interestingly, **those bets, hundreds of thousands of these puts, were primarily made during the January price run-up**, which makes them even more non-sensical. +4. There are proven incidents of married puts being used to mislabel or enable transaction that naked shorted a stock - creating phantom shares. **They worked differently than they seem to do here**. I can't say if this is the same thing. +5. All I know, is that there were **1,277m of these puts opened since January**, and most of the time, they haven't been traded. The party who creates/purchases these new puts has an incentive to hold them, other than financial. **It is my suspicion that each one of those puts corresponds to between 1 and 100 synthetic shares of GME being created**. +6. Interestingly, **on 3&4th of March, 1,094m puts were traded on strike prices that had 1000-6000 open interest**, making it highly suspicious. GME would get maximum 500-800k option trading volume across two hot days. 3&4 of March, they get 1.6m+, with 65% of it being this seemingly nonsensical activity. **All of the puts traded at the same price, offering no profit opportunity**. None of those puts remained open at the end of the day. It is my suspicion that **somehow they are being used to reset FTD and buy-in obligations**, in a similar fashion to the deep-itm calls. +7. **The number of puts opened from 11 Jan until the 2nd of March, the day before the trading spike was 1,096m. Those two numbers fit within each other to 99.75%.** + +**What a curious story.** + +\------ + +**Courtesy of the ape's donations, I am researching and writing about GME full-time. You can find all of my published pieces in my profile, as well as a link to support the project, which one-day will become a book combining the timeline of empirical DD intertwined with my own personal story. I sold a car to average down, so that half should be interesting, too.** + +\------ + +## If you have relevant knowledge and want to help, please use this formula to make your suggestions: + +1. Link a source to any factual claims, publications, DDs, or data you reference while making your point. +2. Please mark all of the following in **bold**.— **Speculation / Theory:** + +— **My personal opinion:** + +— **Relevant DD / working theory / publication** + +— **Relevant data** + +We are a generation of skim readers and 7-second attention spans, please mark the boundaries where quoting turns to speculation! For example: + +***Speculation:*** *It could be X or Y, bla bla, bla. You can read about X in* ***this DD*** *(link).* ***My personal opinion*** *is that it’s more likely Y because so and so.”* + +**This is extremely important.** This is my full-time activity now and I’d hate to introduce confusion to the community, and I’d hate for the comments on my posts to do that. Feel free to comment whatever you like, but PLEASE, if you want to engage in discussion about what this data means, use the above formula. You will be helping big and small apes alike, and that is what we are all here for, isn’t it? +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! + +So obviously you can, and it’s very expensive if you do it properly. But I mean more the experiences. + +I’m about to sell my house and I’m hoping to receive around 200k for it, I’m 28 and I’ll be moving back in with my parents (very short term lol) and the original plan was to look for a nicer house in a better area, that was the whole reason for selling my place. + +I do have a good job for where I live, but I’d be lying if I said the thought of just planning a route and going travelling wasn’t crossing my mind daily. I am currently single, I have no pets, my car is approaching the end of finance so I could give it back and have no costs with it. My friends are all doing their own thing too. + +My question is essentially for the people in my situation, if you’ve taken the plunge and gone travelling at this sort of period in your life, has it been worth it? Have you suffered financially afterwards to the point of not being worth the year or so of experiences? Was it really difficult finding a job afterwards? + +Are there any better routes to go down, I’ve thought of buying a rental property to rent out as I travel, or of course you can work while you travel but i feel this may ruin the experience a little bit? + +My current savings are £14,000 in an S&S ISA and whatever my house sells for. + +Any tips / advice / experiences appreciated! And sorry if this is the wrong sub for this type of question. +Due to an unfortunate passing in my family i recently got a decent sum of cash thats going to be dulled out over time except for a lumpsum of 25k that i put into stocks that i kinda lurked here to see peoples opinions and some i looked into cause i generally like the company and products. + +With that being said i got my portfolio at just shy of 1k a year with current positions. For the stocks that allowed divided reinventing i opted into it, should i keep it that way or should i pull the divideds in for the year and then disperse it throughout the portfolio or maybe giving one or two stocks a nice bump? + +Any thoughts or opinions are appreciated! +Amazon have started a hiring freeze, facebook is letting go of 13% of their staff, so to twitter. Is your company still actively hiring/firing or freezing? +ANYONE and I mean ANYONE who has seen the level of DD and has watched apes educate themselves sense January(and before) cannot deny this is any way. + +This kind of information is not free ANYWHERE. Hedgefunds, banks and market makers pay MILLIONS to professionals to give them a fraction of the information all of us have provided absolutely free of charge, out of the goodness of one's heart. + +STAND PROUD, AND HODL. + +HOUSE OF CARDS PART 2 & 3 ARE GOING TO BREAK THE INTERNET. + +Remember apes, our mods, Dd writers, professional consultants and even your fellow apes deserve a most righteous thank you, and I personally am proud to be apart of this movement. + +Apes together strong! Buy Hodl Vote! + +Mandatory rocket emoji 🚀 🚀🚀🚀🚀🚀🚀🚀 +Okay touchy subject for background I’m 26 male have 450k in assets which I brought into the relationship. My partner is 22 and we are planning on getting married eventually. Since 18 I’ve been obsessed with finance and becoming financially independent. I’ve spent countless hours learning and researching and pouring my earnings into property and shares. My girlfriend has chosen to party and spend which honestly is fine she’s 22 that’s what most do I know I’m an outlier I love that she’s the free living outgoing spirit and I’m the introvert it balances out. I want what I brought into the relationship to be returned to me in the unfortunate event of a split and everything I earn or gain while together should be split 50/50. However I’m having a hard time explaining to her that it’s only an insurance policy no one gets life insurance expecting to die tomorrow same as no one gets comprehensive car insurance to purposely crash into someone. It’s purely a logical decision but she sees it as an emotional trust decision. She says she would never come after assets but the people you marry or date are not the people you divorce or break up with and I’ve seen some ugly things in my childhood with friends and my parents splitting. I know it gets thrown out the window if we have kids and if we are together for 15 years or more it won’t matter because the assets will appreciate a lot more than what I brought in I don’t know how to get past this because I honestly want to spend my life with her but how do I know what will happen in 20 years? Has anyone on here got a BFA and can relate? +I have found 15 acres that no one owns. Like actually no one. I’ve went to the recorders office and dug back into archives. And this property doesn’t exist. On paper. + +The recorder (county) doesn’t know where I should start to claim this property. + +Any ideas to set me in the right direction. + +County was founded in 1801. We made it back to 1880 with zero records. +Hello! I have a dispute with my bank (BOA) that I have not been able to resolve. + +About 3 months ago I spent $6 at an ice cream truck. When I check my statement a couple weeks later I had been charged $60. I contacted BOA, explained the situation, and they stated they would temporarily reimburse me the $54 difference and open an investigation. I thought it would get resolved here but boy was I wrong. + +They responded a few weeks later saying that my dispute had been rejected because the merchant provided a signed receipt - I never signed anything!! The only thing I can conclude is that merchant knowingly forged my signature. BOA sent me a photocopy of the receipt they received from the merchant and it is clearly not mine. I called again and requested that they pull up photos of my other signed receipts for comparison - my signature is quite consistent and the signature provided by the ice cream merchant looks nothing alike. They stated that they could not help me further. + +Do I have any recourse? I've never heard of something like this happening and haven't been able to find much info online. It's obviously not worth me hiring anyone to help but I just feel that I've been wronged. Any advice would be appreciated, thank you! + +tl;dr I was overcharged by ice cream truck, disputed the charge, merchant forged my signature on receipt, Bank of America sided with merchant. +I feel that it may be worthwhile for me to invest in companies that are likely to succeed in the global clean energy sector in the next 10-15 years. I already have a standard portfolio of Indian and US funds, so this is going to be sort of a long term gamble. + +Due to a lack of info about individual companies, I would prefer to go via either the ETF or the MF route. + +At first I was keen on investing in US ETFs directly such as ICLN or TAN, however upon further investigation I realised that this would neither be a cost-effective nor a hassle-free experience for me considering my planned investment amounts (which will be very modest and in the form of SIPs). + +Now I am considering investing in India-based FOFs such as [this one from DSP](https://invest.dspim.com/mutual-fund-products/fund-of-funds-schemes/international-fof-world-energy-fund/dspwe-regular-growth). The holdings seem pretty similar to the US ETFs, but ER is quite high, and performance has been very volatile lately (which is to be expected I guess). + +I wanted to ask: are there any better MF alternatives available in India, that can help me meet this objective? Is this there a better way to go about this? Would be very glad to get your advice on the matter. + + +Did you buy some Chainlink during the bear market? If you didn’t you missed out on **absolutely insane gains** as it went from a market cap of $70 million in June 2018 to $10 *billion* currently. + +The reason for these massive gains was because of the increasing need to find real world utility out of blockchain technology. The space simply can’t grow without being able to utilize all of the ledger data for external applications that we can easily access. + +Chainlink quickly became one of the most important coins in crypto because through their oracles because they filled a **demand that is only going to grow as we move through mass adoption.** + +Band Protocol quickly follows up behind with a $265M market cap as their closest competitor, offering the same services, but utilizing randomness as a core component of the protocol. Oraichain, $40M market cap, focuses on AI APIs. + +**If you, like me, are an ape who doesn’t understand what any of that means, I’m here to tell you it doesn’t matter.** + +The point is, you have a bunch of competing companies giving out different data from the same exact sources. This means you’ll have a bunch of companies choosing each Oracle service to suit their specific needs. **But this also means you’ll have a bunch of companies with no idea which one works for them or even why.** + +*Enter Decentralized Oracle, $DEOR.* + +If each of these oracle services are like a different film critic, then this is Rotten Tomatoes, you know, the only thing people actually use. Or think of it like Metacritic, as it aggregates the data from each of these independent oracle providers and brings you consensus results. + +**For your average company that just wants the data and doesn’t want to spend weeks choosing their provider, this service is an absolute godsend.** And with all this old money still running everything, believe me, they’re gonna want the simplest solutions cause they can barely grasp blockchain tech. + +Best of all, **it doesn’t even need to compete against oracles.** Instead, it works with them and, once they realize this service is important to their credibility, they’ll be lining up to join. You think Roeper and Ebert thought people would start only going to their site through aggregators like RT and Metacritic? Nope, but they’d be stupid not to use them now that they’re here. + +**Right now we’re looking at a circulating supply of about 25M, so at a price of $.30 a pop, about a $7M market cap.** That is absolute *peanuts* in a bull market for a token with an actual product backing it with **first movers advantage**. Seriously, look around. No competitors for this. This is an obvious need and they’re going to eat this market alive. + +Don’t be surprised if Decentralized Oracle ends up **bigger than your favorite LINK killer.** Instead, pick some up now so that you can be smiling next year about how early you got on such an essential product. + +Coingecko: [https://www.coingecko.com/en/coins/decentralized-oracle](https://www.coingecko.com/en/coins/decentralized-oracle) + +Uniswap :[ ](https://uniswap.exchange/swap?inputCurrency=0x79126d32a86e6663f3aaac4527732d0701c1ae6c)[https://uniswap.exchange/swap?inputCurrency=](https://uniswap.exchange/swap?inputCurrency=0x63726dae7c57d25e90ec829ce9a5c745ffd984d3)0x63726dae7c57d25e90ec829ce9a5c745ffd984d3 + +Website: [https://www.deor.io/](https://www.deor.io/) + +Twitter: [https://twitter.com/deor\_io](https://twitter.com/deor_io) + +Medium:[ ](https://darkmattertoken.medium.com/)[https://deor.medium.com/](https://deor.medium.com/) + +Telegram:[ ](https://t.me/darkmattertoken)[https://t.me/DecentralizedOracle](https://t.me/DecentralizedOracle) + +Github: [https://github.com/computercybersecurity/DecentralizedOracle](https://github.com/computercybersecurity/DecentralizedOracle) +&#x200B; + +https://preview.redd.it/k6hjk96wyx391.png?width=1310&format=png&auto=webp&s=d454afca782765d78f0a8ea311653f5154073eaa + +According to Bloomberg Intelligence credit analysts, funds across the word have reduced bond holdings to the tune of $1.5 billion in **par value** exposure from China's property bond market in the month of May alone, with BlackRock and UBS leading the way, pulling out $680M and $270M, respectively; this after a $1 billion reduction in par value being pulled out in April. + +"*According to China Real Estate Information Corp, the country's top 100 developers saw their combined contracted sales decline 59.4% year on year in May*". + +&#x200B; + +**What is par value?** + +A bond's par value is just the face value of a bond. + +So, if someone is issued a bond worth $1000, $1000 is the bond's par value, which can be different from the market price of the bond. Par value is important to bonds in that they determine the bon's maturity amount and the amount of interest payment. + +Also plaguing bond markets is par value increases. A bond issued at 1000 with a 5% coupon (or interest) rate, will yield the holder $50 coupon payments, until maturity. However, newer issues of the same bond could be issued later on with a higher coupon rate, making the previous issued bonds at $5 less valuable, as the newer bonds would yield a $60 coupon payment. This puts holders of the lesser valued bonds in a bit of a predicament, because, should they want to sell them off and no longer have any obligation to them, they'd be hard pressed to find a buyer on the secondary market for their bond that only gets $50 coupon payments while someone else has the same bond, but gets $60 payments for theirs. + +&#x200B; + +# "Defaults. Defaults, Everywhere!" + +&#x200B; + +https://preview.redd.it/vd56a0hxzx391.png?width=1164&format=png&auto=webp&s=3d0211c3fde3afc929c86b5fe4eb191d35a6d9d5 + +https://preview.redd.it/grqnns6yzx391.png?width=1070&format=png&auto=webp&s=d855f2b01c8765c5e85f56f9104b6bbc4439b6b6 + +&#x200B; + +# Now, this is where I have to contain myself and not get my hopes up, buuut.... + +&#x200B; + +Bloomberg Intelligence credit analysts go on to report that '***$736 billion of creditor money in the form of payables or debt may potentially be at risk of being haircut or restructured***'.When a bond is used as collateral, a haircut refers to the bond being devalued to provide lender a cushion in case the market value falls. + + +The source material I used to his made no mention of Executive Order 14032, but ***if*** this **$736 billion is**, in fact, part of whole of **the Chinese collateral alluded to in the Executive Orde**r, that would mean **more than 3/4 of $1 trillion dollars in collateral is now useless**. +**Intro** + +I've been trying my hand in Day Trading since around September; its been a fun, knowledgeable, exciting experience and incredibly enjoyable. By now I fully believe that my "Market Tuition" has been paid in full and its time to rake in consistent profit. I have made a fair amount of money on the side recently but mainly from meme stocks and I happened to get into Dog Coin early, but I'm done with that because I want a little more constancy and less risk in my bets. I only used them to cover the past losses I had from day trading, but the losses are now getting less frequent and my day trading portfolio is starting to turn green. I'm making this post for two reasons. First for support, Second for critiques on my strategy and execution of trades. Hopefully this might be easier with a little wind at my back, and if a make a bad decision someone can tell me. + +**Strategy** + +I will be trading mainly in Put Options. My plan is to buy put options on Pre-Market Top Gainers with a 2 day expiry (I made sure to check that my brokerage offers this). I won't go at random, I'l only bet against ones that have been historically going down, and with a weak catalyst. The strike will be set to 10% below whatever it opens at the day of the gap up. I've crunched the numbers and it looks promising. + +1 Month Data: + +[https://docs.google.com/spreadsheets/d/11mFiALzlrgTsUNOZGcqq7WimDql7tYasFQNnvpuE2qg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/11mFiALzlrgTsUNOZGcqq7WimDql7tYasFQNnvpuE2qg/edit?usp=sharing) + +The data says that the strike will be met around 66-75% of the time. I know that through my judgment of an OK vs a Good vs a Great Catalyst that my personnel accuracy is closer to 85%. The returns on a good bet are enough to cover the loss on a missed option and then some. + +&#x200B; + +**Postings** + +I'm not going to claim to be something I'm not. I don't think I'm very smart, and I make mistakes very often; the only thing I know for sure, is that I know very little of what there is to know. I'm going to be upfront about my goofs and failures. I'l try my best to post my results weekly on Friday Night. My post will include my profit/loss, Options made and fulfilled, reasoning behind my actions and my side thoughts. If I quit trading than I'l say so, and If I quit my job/school and trade for a living I'l say so. + +&#x200B; + +*To preemptively answer questions:* + +No I'm not a beginner, but I'm also not a seasoned by any means, I have roughly 9 months experience, and I would never call it "9 Months of Solid Experience" + +I'm choosing Put Options over Equities because I'm going to back out once the stock is down 10% regardless, and Options has larger returns and is a little bit more safe + +The reason I'm doing a Regular Put over a Naked Put with a Stop Loss is because the Stocks that I choose tend to shoot up 10-20% within 10 minutes and than crash. As its to risky to not use a stop loss, a large amount of profit would be thwarted by it, so it seems smarter to go with a Regular Put + +I will 100% take of the advice from the comments into consideration + +I'm trading on IBKR Pro + +&#x200B; + +Thanks for reading, and my apologies for any bad grammar/sentence formatting or miss used terminology + +Edit: Fixed grammatical and fixed terminology mistake +Started April 2020 with 20K worth of debt . + +Today I paid the last of it off! +Mega excited to go forward and out in place the lessons I have learnt over the last year and a half . + +:) + + +My only friend in the whole wide world just got into crypto because I told him that I made a small profit since I started. My pal went ahead and started watching bitboy-like youtubers and lost a whole lotta money. Now he is trying to blame it on me for telling him to get into crypto. + +I wholeheartedly believe that telling your friends or family about investing in crypto is just asking for trouble. Money can be evil and can destroy many things, also long-time friendships and even family. I’ve seen it before with some of my relatives and you don’t want that. + +And family dinners will be far less enjoyable when crypto will dip and they will start lecturing you with “I knew that computer money is a hoax”. They don’t understand crypto. They don’t even remotely understand what it’s trying to achieve. + +Keep your investments to yourself. There is no need to announce it to everyone. You don’t go around telling people how thick your wallet is right? You should stay safe. Be a Satoshi, an unknown figure from the darkness of the web. Banks and government know about you too much already, no need to give them any additional information. + +Have a superb weekend my bestest lads and lasses +In India, we have REITs primarily focused on commercial real estate properties having 7-9% rental yields. + +In listed REITs, Most of the completed properties are pre-leased to big companies. +Why no residential? As yields of 1-3% make them unattractive to investors. + +REITs have to distribute at least 90% of their taxable income to their shareholders. + +Both listed REITs trade at 6-7% dividend yield + +Moreover, 80% of their total value must come from completed & income-generating properties + it must avoid speculative land acquisitions. + +Debt restrictions +Debt Not more than 49% of the total equity. + +REITs are traded on the exchange (like stocks). +So, Instant liquidity in a very illiquid product (Bulky Commercial Real Estate) + +Risks with Investing in REITs + +- Slowdown in Commercial RE +- Oversupply: Renegotiation at lower rates +- Concentration risks (tenant & location wise) +- Difference b/w REIT yield & FD rate +- Broader stock market movements will have an impact on unit price +My aadhar is in the default state (no biometric lock) and I've been [hearing stories](https://economictimes.indiatimes.com/tech/internet/watch-out-aadhar-biometrics-are-an-easy-target-for-hackers/articleshow/61183055.cms) about how your biometrics can be misused and it's important to lock it. I want to know if these stories have any substance or it's mostly just fear? From technical perspective, I have a few questions: + +1. Have you already enabled the lock on your aadhar biometric? What's the best way to do it? +2. How difficult it is for the average hackers to misuse your biometric? +3. Are there any cons/issues after enabling the biometric lock? Like your normal OTP verification will continue working as it is, right? +I am not a lawyer or a financial advisor. Neither this post, nor any of the comments therein, shall be considered legal or financial advice. + +The Gamestop report is in and it's official - the SEC is going to do nothing. You know what's next right? SHF are going to bring the hammer tomorrow morning at the open, and maybe another one later in the day, to break our morale. They figure they can leverage this report, through the mountain of BS from the MSM pukes, into pushing us out once and for all. + +Instead, I'd like to suggest we make this OUR opportunity to break their morale instead. I've been holding back some cash for just this occasion. I don't doubt more than a few others have been too. Let's show those f\*cks what Retail can really do. +I don't really know how I came to join this reddit. I think I got a "we think you'd find this interesting" notification and took the bate. I'm glad I did. People complain about the rich and upper class and how snobby and uptight they are. From everything I'm reading, everyone on here seems so genuinely wholesome. I read through the rules and I'm not here to ask for help, ideas, or where to start (although any PM's for a 30y/o production supervisor are welcome!), I just wanted to say that I'm happy for the people on here who've managed to make their dreams a reality. Just reading about other's successes going from, the only thing you own is credit card statement to being financially free to actually live, puts a fire in my step. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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As a landlord who has a tenant 30,000 in back rent i would love to see this. + +https://abc7.com/finance/ca-measure-aims-to-pay-off-8025-of-most-unpaid-rent/10036767/ +Found an interesting post on a property Facebook page calling a softening of the market. + +Despite being bullish on property, I’d have to agree with their point and think sentiment is going to change at some point mainly because +“in real estate, perception (or rather mis-perception!) can be a very powerful driving factor.” + +Thought you lot may be interested. + + +Post by Henny Stier: + +After what can only be described as the most surreal quarter of Sydney real estate, we are starting to notice some signs of the market shifting gears. I write this not as some keyboard warrior reading lots of articles. But as a Buyers Agent whose team physically inspects 50-60 properties per week and attend 10-15 Auctions each week. Because we really pound the pavement hard, we are able to really pick up on even the most subtle of changes in the market which I'm pleased to share with PTA. + +This is our on-the-ground observation of the past couple of weeks in metro Sydney area (we don't cover outer Sydney, regional or interstate so we can't comment about that): + +1. Most Auctions are still going very strongly. However, quite a number of properties have sold just a day or two before the scheduled Auction. Indicating that perhaps there was not as much interest as in the initial weeks or there was just one stand-out buyer in the end and a better outcome can be achieved by doing a deal prior. Fear of Missing Out (FOMO) is slowly being replaced by Fear of Over Paying (FOOP). + +2. The number of new listings has gone up dramatically and we expect this will continue in the coming weeks. Especially once school holiday ends. + +3. Vendor expectations and greed are at an all-time high. Every agent we speak to is having a hard time managing their Vendor's expectations - which seem to increase exponentially week by week! These are Vendors who have watched their neighbour's property sell for a ridiculous sum at Auction and automatically assume their property is superior (even when it’s not!) and therefore should get even more. + +4. Vendors are inflating the figure that they would sell their property for because they are factoring in the amount they think they would need in order to make their next move. "I know my house is currently worth $X; but the market might go up another 15% in the coming months when I will be buying, therefore I won't sell my house unless I get $X + 15%." + +5. Many buyers are feeling horrified, fed up and priced out. Therefore, many are either voluntarily or involuntarily taking a break from house hunting. Many still want to buy but quite simply can no longer afford the area they want to be in. So, they are calling time-out for now as they wait for the craziness to settle down. A dramatic rise in house prices of 20-25% in 6 months is just not sustainable no matter how you look at it. + +6. Q1 this year was characterised by panic buying and massive overpaying just for the sake of buying something. We expect Q2 to be a period where agents have to try and bridge the widening gap between astronomical Vendor expectations/greed and decreasing number of buyers who are prepared to pay anything. The most desperate of buyers have bought in Q1. There will still be some really desperate buyers - but each week that goes by, there are less and less of them. Those who are still looking will have a lot more properties to choose from in Q2 and Q3 - reducing the pressure to pay big bucks. + +7. As soon as the number of listings go up, the lemon properties will no longer trade so swiftly or at such high prices. There is an influx of lemon properties on the market at the moment. Many of them were only bought recently and the owners are keen to off-load them quickly while the market is still hot and buyers aren't as discerning. Once buyers have more choices, the lemons are going to sit around or get passed in at Auctions. + +8. As more and more properties get passed in or withdrawn from Auction last minute (due to the gap between Vendor expectations and buyers' willingness to pay up), there will be the perception that the market is not holding up. This won't necessarily be the case - but in real estate, perception (or rather mis-perception!) can be a very powerful driving factor. + +Our advice to anyone looking to sell is to do it sooner rather than later while there is still a surplus of highly motivated buyers. + +Our advice to anyone looking to buy has been pretty consistent. Focus on buying only A-grade properties which will stand the test of time. The more inflated the market is, the more you have to be careful with whose advice you trust and what you buy. If you overpay for the wrong property, you will be stuck with an asset that will underperform in the future and that you won’t be able to easily recoup your money from if you want to sell it for whatever reason. +The only noticeable difference I could catch from Google is that Current Account has no limit to the number of transactions whereas Savings Account does. But I was unable to find the maximum number of transactions allowed in Savings Accounts in the Indian context. Nor have I encountered any troubles with my SBI savings account despite doing a good number of transactions via Internet Banking, UPI etc. +For many years I've been buying multifamily properties in popular urban areas, fixing them up, and then renting them out to college students or Millennials. However, everybody and their brother has been doing the same thing and the yields are so low that I don't think it makes sense to get another one. + +Sniffing around for other opportunities there appears to be more money in single-family homes in a rural area near me. However, the price for something new is quite expensive. And I don't really like what I see for sale. But lots are cheap, a 2-acre lot goes for about $100K. + +At this point, I feel pretty comfortable with the construction process and working with subcontractors. But all my projects have been rehabs. The numbers I've been hearing for ground-up construction are all over the board. + +My question to community is what were your costs for ground-up construction, excluding the land and carrying costs? If possible can you let me know the SF of the project, how much per component (electrical, plumbing, framing, foundation, etc.) and if the project was urban, suburban, or rural? +Edit: mobile so format may be weird + +Loan amount: $7,250 +APR: 3.49% +Minimum payment: $263 +Actual payment: $300+accrued monthly interest +Projected payoff: Sept/Oct 2023 +It's a Honda and plan on driving it till it just won't anymore so like 10+ more years + +My girlfriend just paid off her car (huge $20k payment) and it's been making me anxious about mine. And I'm wondering if I should bite the bullet, and make a moderate sized payment of $2k now, to get down to $5k in loans or invest that $2k instead and just keep making the current monthly payments I currently am right now. Or just pay the whole damn thing off. Am also considering upping my deductible from $500 to $1k as that will help lower my insurance about ~$150/year. + +I have $15.7k in emergency fund (definitely more than 3 months) +$8k in regular bank savings ($2.5k is for my international trip next year (flights, housing taken care of, so this is fun money). +Money in Schwab/Webull for investing $9.3k. + +My monthly savings is currently: +$300 general savings account +$100 emergency +$150 Roth IRA + +Completely paying off the car frees up an additional $300/month for saving/investing +[Listen to full episode](https://youtu.be/m-i-XmIyObg) + +Demetri Kofinas speaks with Gillian Tett, chair of the editorial board and editor-at-large of the Financial Times about America’s new “wartime economy” and the unspoken consequences of the most radical financial and political crisis since World War II. + +Demetri starts the conversation by asking Gillian what it’s like to run the largest financial newspaper in the world during the greatest economic and political crisis in three generations. The two discuss the latest central bank policy actions, fiscal stimulus, and a series of other timely topics ranging from distressed corporates, emerging markets, dollar funding, and much, much more. +The whole system is rigged and retail investors like your mom and dad who don't spend 12 hrs on a forum doing research have no idea what a naked short is let alone what DRS even means. + +The fact is, the system seems to have been designed in a way for retailers to buy their shares and **assume** ownership. Name one person you know who has their shares DRS'd in any stock other than GME or popcorn. + +The broader message goes beyond GME. EVERYONE should ALWAYS DRS their shares if they are long on a stock. Why is it that anytime major institutions invest on a stock the float decreases ? Because those shares are registered to that company. + +Name ONE BIG institution that invests in a stock that doesnt DRS their shares. The story of the century is literally, "You don't own the shares you buy until you DRS them and MMs make billions off your property every year." + +This revelation needs to be told to everyone. Every retail investor needs to know this information. DRS is how you create a fair DTCC and the fact that retail investors dont know that is because it was designed that way. +Just a quick suggestion for those with similar semi-FIRE lifestyle. + +If you have the means and the flexibility, I suggest organizing a 2\~4 people work-cation. ie Go somewhere fun/vacation-y and stay there with friends. Work for maybe 4\~6 hours / day and just chill around town for the rest of the day. It's actually a super relaxed and fun way to work. I also found myself to be more productive during these days. + +Everytime I do this I always wanna do it again and it's great! None of the guilt of not doing work during a full vacation and still some of the fun of a vacation. + +Since this is the FAT crowd I'd even suggest paying for the accommodation & flight for your friends if it's short term. I did this in order to make it easier for everyone to plan and reduce stress (and in my case our relationships go far back enough that it doesn't become an emotional burden for them). + +Context : I've been semi-FIRE for several years now - running a profitable company part time. And I was wondering what I should do with all the extra time and money since my girlfriend works full time and so does all my friends. +So you know that $216 million in debt that GME had on the books on it's 10k? + + +Tonight they announced that they're paying it all off by months end; +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + + +insert 1000 rocket emojis here + + +$400+ million in cash, no debt, entire new digital friendly leadership transforming the country + + +Domo Capital outlines what they'll be allowed to do now that the debt is gone; +[https://twitter.com/DOMOCAPITAL/status/1382064324248735744](https://twitter.com/DOMOCAPITAL/status/1382064324248735744) + + +Bullish as fuck....I mean, uh, yeah I'd short that terrible company /r/sarcasm + +Edit 1; holy shit that’s a lot of awards and karma! Hope you’re not buying the awards, spend that money on some stock you like instead. +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! +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). +For anyone interested, I created a website to help you do a discounted cash flow valuation: [ezdcf.net/](https://ezdcf.net/) + +It's a passion project of mine to simplify finance/valuation concepts. It doesn't have any blog posts or articles, but gives a guided tour of how business fundamentals drive valuations. Hopefully, I've designed it to be intuitive and easy to pick up! There are clearly some kinks to be worked out and it only works for companies that have 10 years of public financials, but regardless, give it a try and let me know what you think! +INTRO- + +Lockheed Martin is an aerospace/defense company. It has four primary classes of products. These include Aeronautics, Missile & Fire Control, Space, & Rotary/Mission Systems. + +Another huge factor to keep in mind from the beginning is that roughly 70% of the company’s revenue is from the United States government. + +STRENGTH’S- + +- 3.17% dividend, that has consistently grown at high rates over the last few decades. They have a payout ratio of 47.93% according to YF. I would like to see this be dropped, as they really have a chance to take huge amounts of market share in untapped markets. +- Lockheed has multiple NASA contracts. They are the prime contractor for the Orion Spacecraft, which will be designed for galaxy wide exploration. Additionally, many of their contracts are for aeroshells, which are used on most modern rovers and spacecraft. +- No mission to Mars has ever occurred without some sort of a Lockheed design. +- No company has ever landed on Mars. Besides Lockheed, and they have done it four times. +- They are developing a new technology called MAIA (Model-Based Artificial Intelligence Assistant). It allows for predictive feedback based on the surrounding environment and other factors. This tech would be implemented into every military and space vehicle they design and build. This technology is the future of warfare, and nations will line up to purchase it. +- Current ROE is 82.89%. That may be an outlier, but that is impressive. +- Shares have decreased from .427B to .277B as of 6/30/2007-9/30/2021. Nearly cut in half. We all love some share buy backs. +- The military budget has almost never been cut in US history. Obama did make some cutbacks, however Lockheed still managed to grow their earnings that year. I hate to say it, but I don’t see tensions between the world’s powers declining anytime soon. When things get worse, and they will, Lockheed will profit massively. +- I pray I am wrong on the last point, and if so, Lockheed will still have huge upside in all area’s of the soon to come, Space Industrial Revolution. Top that with buybacks, a juicy dividend, and a constant need for defense, and I believe this is quite a safe bet. + +CONCLUSION- + +These are only strengths, and weaknesses still must be accounted for. Additionally, more research must be made into their financials. However, I would like to hear the community’s thoughts on the simple bull case to be made. + +For centuries, only the wealthy would ever benefit from wars. Mankind has proven time and time again, we do not know peace. The wealthy ensure this happens. Why can’t we profit off it as well? +This is a total 'Trust Me Bro' post. At the same time, it will link together a LOT of actual facts, and if you connect the dots -> It points to there potentially being MASSIVE GME short positions held by Short Family Offices + +********************************************************************* + +A) What are Family Offices + +Family Offices are PRIVATE investment vehicles which hold money for just one person/one family and do not have to report anything + +Archegos was one such Family Office + +Because they don't have to report anything, they can do a lot more shady things than Hedge Funds (as hard as that is to believe), and negotiate a lot riskier deals with Big Banks + +Exactly what Archegos did + +************************************************************* + +B) Archegos is a small Family Office + +Yes, the Short Family Office that BLEW UP Credit Suisse and other big banks is a 'small' family office with $20 Billion assets under management + +The real big Family Offices are + +Bill Gates Family Office Cascade Investment LLC - rumored to have $100 Billion of Assets + +Bezos Family Office - rumored to have $125 Billion in Assets. It's called Bezos Expeditions + +Please keep in mind that Bezos' father and mother are two of the first investors in Amazon. They have an unknown and possibly massive stake in Amazon. So it is not just Bezos with $150 to $200 billion net worth + +His parents possibly have tens of billions of dollars too + +************* + +Many, many of the top Billionaires + +Please understand that Rich people ALWAYS do stuff like this. Bill Gates started his family office in 1995 - the year that Windows 95 came out + +So this is not some 'new' thing. It's been secret for so long because Billionaires LOVE being able to do everything in secret + +********************** + +We do not know whether or not they have super risky bets like Archegos + +We do know that if Archegos was going to 4 banks and getting loans against 4 different banks for the same SINGLE collateral, then + +it is quite possible that + +a few/some/a lot of these Large Short Family Offices would also be doing similar deals + +******************************************************************************** + +C) All the manipulation and market rigging and LACK OF JUSTICE does not make sense for + +saving Citadel's Ass + +In the grand scheme of things NO ONE cares about some small time $20 billion worth billionaire like Griffin. Did you even know he existed before GME? + +However, it suddenly makes a TON of sense if you realize that perhaps 20 of the Top 50 Billionaires in the world are at risk here + +Perhaps 40 to 80 of the Top 200 Billionaires in the world might be at risk + +Now consider their COLLECTIVE INFLUENCE + +Wall Street and Short Family Offices are all interlinked + +Bill Hwang is a Tiger Cub. Pretty sure many/most of the large Short Family Offices are run by ex Wall Street people + +Where else would they get domain expertise in cheating and stealing from every day people, other than Wall Street? + +So, when infinite money glitch like GME and other heavily shorted stocks comes around + +Short Family Offices have two options + +Option A: Sit around and do nothing. Let Wall Street Short Hedge Funds make all the money + +Option B: Jump in and ALSO take advantage of Infinite Money Glitch + +You think Billionaires became billionaires by passing up money making opportunities? + +******************************************************************* + +D) Bill Gates admitting that he has a $500 Million short bet against Tesla gives us a very valuable data point + +A company like Tesla, which no one in their right mind would short because it is such a strong story stock + +was being attacked by Bill Gates. Almost certainly through his Short Family Office + +Dude is willing to take on a trillion dollar company run by world's richest man (Elon Musk) + +What do you think that same Short Family Office thought when it saw GME and other Brick and Mortar Companies + +And then The Pandemic happened + +At the start of the pandemic -> anyone who had money and influence must have thought it is the opportunity of a lifetime + +attack brick and mortar companies + +pass legislation and do lobbying to hamper small and medium companies + +bankrupt them and take market share and assets for cheap + +******************************************************************* + +E) With GME we get four possibilities + +Possibility 1: Short Family Offices did not short GME + +Unlikely, and should still be considered a possibility + +**************** + +Possibility 2: Short Family Offices were shorting GME right from the start, alongside Short Hedge Funds + +We can see how many billionaires such as Amazon and Google Billionaires would benefit from this + +We know there is a Wolf Pack - a group of Short Hedge Funds that gang up on endangered companies + +We know that Amazon partnered with Bain and BCG etc and attacked Amazon competitors + +It is not a big jump that Short Family Offices are partnering up with the Wolf Pack and other short Hedge Funds to attack their Billionaire owners' rivals + +and also to attack weak companies + +************* + +Possibility 3: Short Family Offices found out from Wall Street Connections (most are Ex Wall Street) and jumped in to shorting GME + +********************* + +Possibility 4: Short Family Offices knew about GME being shorted, and then Pandemic happened, and they thought of it as + +either + +Infinite Money Glitch + +and/or + +Best time to eliminate brick and mortar companies + +And at start of Pandemic the Short Family Offices started shorting GME and some other of the heavily shorted companies + +******************************************************************** + +We have to consider all 4 possibilities + +The 3 possibilities that Short Family Offices are shorting GME are very strong because these are some of the most money driven people on the planet + +Just to become a billionaire takes an insane amount of money focus and money need. Imagine the drive and hunger to become worth $20/$50/$100 Billion + +That is why these people are always claiming 'I did it for the nookie' and 'I did it for the endangered species in Iceland' - they are scared of their rapacious lust for money becoming common knowledge + +************************************************************************* + + +What happens when we tie all these facts together + +1) Archegos was a short family office + short family offices do not have to report anything + +2) Archegos is a small family office compared to Gates and Bezos family offices + +3) Most of the Top 100 billionaires have family offices + +4) Bill Gates admitted to half a billion short bet on Tesla (imagine the balls on this Dude - to be shorting a stock like Tesla that can cause massive losses) + +5) GME went through a period of weakness + +6) That GME period of weakness was intensified and pandemic made it seem GME might get wiped out + +7) It seems that entire US Government is against GME MOASS and is trying to delay it + +8) Complete and utter Lack of Justice - which suggests some very powerful people are delaying the MOASS + +********************************************************************** + +Short Family Offices are part of the hidden 9/10ths of the Iceberg + +Melvin Capital getting wrecked is The First Chapter + +We are going to see a lot of surprises + +A lot of billionaires who get wrecked when MOASS happens + +Please check and see if they had Short Family Offices and whether or not those Short Family Offices had short positions on GME + +************************************************************************ + +This also means that Apes have to show patience and focus on what Apes can control + +locking up the float + +buying more shares + +buying more from GME (what Mark Cuban said - support the company by buying its products) + +support GME initiatives like Wallet + +The most popular wallets have million to a few million users - GME shareholders alone can make GME wallet #1 wallet in the world + +support GME NFT Marketplace + +***************************************************************** + +Paytience - Short Family Offices might be the reason the MOASS has been delayed + +And Apes don't just have to take on Griffin and Citadel + +Behind the scenes the Short Family Offices of 20 to 40 of the Top 100 Billionaires in the world might be involved + +One Unexpected Plus: That means there is a LOT more money available than just DTCC Insurance and Fed Printing Press. A lot of very rich billionaires (if they are short GME) are going to share their wealth with GME shareholders + +************************* + +Edit 1 -> This is from an Ape who doesn't have Karma to comment on SS. He's Trust Me Bro too, just like OP (me) + +Comment -> I work in FO, + +I think something else you should consider is that MFO’s often invest in institutions like Citadel in private pools or short term private placements often providing liquidity to the institutions when they are in a rough spot. + +(I’m personally long GME, my office does not currently work in equities.) +I see quite a few posts on China this morning and want to clarify a few points. In full disclosure I lost over 300k on Chinese stocks in a combination of shares, warrants, and options. Yes, I am glad I sold because my losses would be even greater. + +1. Chinese entrepreneurs like to IPO in America because the entrepreneurs and VCs are given US dollars for their shares. For those that didn’t know it is almost impossible to move money out of China. This is true for American companies such as Apple and Starbucks, the money stays there. It is a closed capital account. IPOs in American markets means foreign investors (American investors) can get liquidity when investing in a Chinese company. + +2. The CCP was more than happy to allow American IPOs because they need US dollars. The world does not trust the Renminbi and it is only used in 1 percent of transactions compared to 60 percent for the US dollar. China must use US dollars to trade with the world. (If anyone is familiar with the Belt and Road you will know China uses dollars to fund such project). When Chinese investors and entrepreneurs are allowed to sell their shares in American markets they bring in US dollars. + +3. China has global ambitions of being a super power. After watching a certain guy (not trying to get political) get banned from social media and made irrelevant, Xi and the CCP woke up to the reality it could be next. The party then decided to crack down even further on its entrepreneurs, who the CCP believes may one day oppose it. The crack down on the Ant IPO was just the start. (For those who don’t know, China does not take criticism well. If Apple/Tesla was to criticize the CCP both businesses would fail to operate in China (this happened to Hilton for naming Taiwan as a country, but only for a week).This is why you see NO American CEOs or entrepreneurs criticize China. + +4. The SEC is finally acting. News has broke the SEC will not allow anymore Chinese IPOs without disclosure of the CCP’s control. Every company in China is subject to control by the CCP. You either comply or you are sent to a camp. You also have the threat of delisting because of the Holding Foreign Companies Accountable Act. + +At this point China has pissed off pretty much the entire US. From crashing internet money, to stocks, and don’t forget about their lies about COVID. I can’t imagine investors will bid up the price of these stocks again. Cut your loses and consider this market dead. Xi is a 1940s German leader reincarnated. +I know I could recreate this sandwich (although I can’t make them taste as good) for $4 but that’s OK. Sometimes you just gotta reward yourself for how much stress you just survived. $9 in my belly is going to make me happier than $9 in my bank account. +(From Twitter) + +“Well, my last Big Short got bigger and Bigger and BIGGER too....$TSLA $60 billion increase in market cap today alone...1 GM, 2 Hersheys, 3 Etsys, 4 Dominos, 10 Vornados...enjoy it while it lasts.” + +What’s it going to be - broke Burry or Big Short 2 in cinemas 2025? + +Are any of you considering a similar angle? Would take an awful lot of bottle to see this one out... +As the title suggests, I started actively investing in 2018 (mostly FTSE 100 and FTSE 250 stocks). While I understand that investing is for the long run, 5 years is probably the first point you can take stock and see how everything is going. But it really isn't all that great at this moment in time: a measly 3.5% annualised return. The past 5 years have been shocking in terms of big, drastic events. We had the pandemic, with the pandemic for 2 of those years, a trade war, the current situation with Russia, and now going into a cost of living crisis! + +Is what happened in the past 5 years normal, or can we expect a 5 year period with fewer negative events than this? +I fully understand why people here recommend them as I did one myself after leaving school. I became a qualified gas, heating and electrical diagnostics engineer and by 21 I was earning 40k. I had full job security and I was always in demand. + +But my god was it soul destroying work! Sure the money was great and I could afford anything I wanted but it gave me no feeling of purpose in my life at all. I was just another cog in the wheel of society. I therefore quit in my late 20's to go to university to study to be a teacher and earn half the salary of an engineer. Obviously apprenticeships can work out brilliantly for some people. I'm just highlighting the other side of the coin. + +What I really noticed at university was the difference between young people who went straight into university and those who took a year or 2 out before. Those who waited showed so much more maturity and a sense of direction because they had made a more informed choice about their course and what they wanted to do after it. Many university degrees are not 'useless' as so many describe on here, it's just that they are often chosen by young people who don't have the life experience to make such a huge decision. + +There's a famous Sir Ken Robinson quote I often tell students.. "Not everyone needs to go to university and not everyone needs to go now". I think that second part gets overlooked. + +And on a separate note, the lifestyle of being at university can be incredible. The new people you meet, the views you develop away from your home town, the different clubs, sports and events you can get involved with. An apprenticeship doesn't come close to that life experience. + + +Edit: the 'cog in a wheel' comment was made regarding the feeling that I was doing something just for money and security, not the actual work itself. +As the title says. This is a total nightmare scenario and like most people who would be in this situation too, were completely ignorant as too how we should proceed. + +The story: My wife and I traveled to the Dominican Republic for a vacation at an all inclusive resort. Yesterday afternoon while she was walking by a pool she stepped on a foam raft that someone had left laying out and slipped. This only arose because she cut her foot on a broken tile in the pool and was getting out as it was bleeding everywhere. Her legs went out from underneath of her and she fell straight down onto her pelvis onto the hard tile floor. It took 30 minutes for resort staff to show up with a wheelchair, which was absolutely necessary as my wife was unable to walk without it causing excruciating pain. They took us to the small resort clinic to examine her but they were only outfitted to treat small scrapes and sprains. After the nurse there determined that this was out of her league she called an ambulance to take us to the hospital. Once at the hospital her pain was largely ignored and she was forced to sit/stand/walk 20 or 30 times with the back injury. After X-rays were inconclusive and difficult to read the doctor did a CT scan to reveal that she had 1 shattered vertabrae and a slipped disc. At this point he obviously recommend that she not move from a laid down position. It's honestly a miracle they didn't paralyze her or cause obvious and immediate damage during everything. The hotel agreed to pay for the transport to the hospital and the initial examinations (including the CT) but has pretty much washed their hands of us once she had to be admitted. Oh also, in order for them to pay for the CT they made me sign a release saying that their responsibilities had been fulfilled and we could no longer seek more help from them. + +We don't have travel insurance. We don't have out of country medical coverage from our regular US healthcare providers. I checked with our credit cards and they only offer reimbursement for "catastrophic" charges incurred. Apparently this doesn't qualify. I'm waiting to hear back from our homeowners insurance to see what coverage's they offer outside of the United States. + +So at this moment we're in a foreign country with a huge language barrier, footing a potentially massive hospital bill unless we can get back to the United States and into our own healthcare network. Apparently a medical flight where she's able to be prone can cost anywhere from $10,000 to $50,000 which of course, we don't happen to have just sitting around. I feel totally helpless as a husband right now watching my wife in pain and knowing that our financial future could be destroyed. + +Sorry for the long post but we've been awake for 24 hours with no near end in sight. + +TL;DR: My wife broke her back in the DR and we have no medical insurance in this country. We're just looking for a way home that won't send us into bankruptcy. + +Edit: Just wanted to earnestly thank everybody for their replies. We're far from home but feeling good vibes from you guys. +I need some advice. I am working to get myself out of debt (30K = student loan + credit card) and wanted some ideas on what worked for you on your financial planning journey. I just graduated school with a high paying part-time (28 hours a week), own my car, and rent a cheap but safe apartment. However, after all this inflation, I feel like I can not get ahead. Is anyone else dealing with this? Those who have, how did you get through it? Thanks! + +Edit: I have interviews for full-time work coming up. I just wanted to know your tips on how you were about to get ahead financially. +I’m 24 in my last semester of college and will be working full time at Microsoft doing coding. + + +I’ll have more income than I even would know what to do with and one thing I have been hearing to be “smart” with money is the potential to buy a condo early on in my life and sit on it. The reasoning is the amount that I would pay for a mortgage would be only about $1k more than what I would rent for a very nice 1 bed room in Seattle. + + +However, as I am new to this all I do want to make sure I use my money as efficiently and wisely as possible. I have about $25k in student loans and not that much credit card debt and I have paid off my car in full already. + +I am just wondering what the feasibility of this route is or is just better to rent and then take a mortgage for a nice house instead. I am also single with no dependents. + + +UPDATE: Thanks everyone for the advice! I’m meeting with another financial planner later today but I’ll tell him about what I have in mind and some ideas from this thread! +Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively. + +The bank aims to begin offering investments in the emerging asset class in the second quarter, according to Mary Rich, who was recently named global head of digital assets for Goldman’s private wealth management division. + +″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term,” Rich said in an interview this week. + +Goldman is looking at ultimately offering a “full spectrum” of investments in bitcoin and digital assets, “whether that’s through the **physical bitcoin, derivatives or traditional investment vehicles**,” she said. + +The move means that soon, clients of two of the world’s preeminent investment banks – Goldman and Morgan Stanley – will have access to a nascent asset class that has intrigued billionaires and digital currency believers alike. Earlier this month, Morgan Stanley told its financial advisors that **they could place clients into bitcoin funds starting in April**, CNBC was first to report. + +It is the latest sign of the staying power of blockchain-related assets including bitcoin, a new kind of money that emerged out of the wreckage of the 2008 financial crisis and whose exact origins are still unknown. Until now, big U.S. banks have mostly shunned bitcoin, deeming it too speculative and volatile for clients. + +But the industry capitulated after the latest boom in bitcoin’s price. The surge has drawn in institutional investors, corporations and fintech players, and the infrastructure to hold digital assets is continuing to mature. In the end, it was client demand that won out, according to Rich. + +“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop over the past year has certainly played into that,” Rich said. “There are also a large contingent of clients who feel like we’re sitting at the dawn of a new Internet in some ways and are looking for ways to participate in this space.” + +Goldman’s private wealth management business mostly targets individuals, families and endowments **with at least $25 million to invest**. + +The bank may offer bitcoin investment funds, similar to those that Morgan Stanley will have, as well as other ways to invest that are “more akin to the underlying asset class which trades 24-7 globally,” Rich said. Some cryptofunds, such as the Galaxy Bitcoin Fund, can only be sold or bought once per quarter, she said. + +“We’re still in the very nascent stages of this ecosystem; no one knows exactly how it will evolve or what shape it will be,” Rich said. “But I think it’s fairly safe to expect it will be part of our future.” + + +https://www.cnbc.com/2021/03/31/bitcoin-goldman-is-close-to-offering-bitcoin-to-its-richest-clients.html +Listen all you 💎🙌🏼. + +Part 2 of GME Thread. Here's the [first thread](https://www.reddit.com/r/wallstreetbets/comments/l5c0nr/the_gme_thread_part_1_for_january_26_2021/) from today. You can view WSB Stats [here](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +Remember - **follow the rules located on the sidebar**. To all new people - we don't discuss tickers <$1BN Market Cap. +Just imagine your trading account reading longer than an international phone. You spend the obligatory 15 hours running around in circles screaming with joy its helping people time. + +First stop, buying out game stop for the local kids hospital charity. + +Fuck everything on gamestop is sold out. Even the local stores have already been cleaned out by Apes. + +You hear a rumor from one of the staff there is a store a couple of towns over that might have some stock left. Faster than Kenny G can short a stock you speed over to the store and get there just in time to clean out the last few shelves. + +God dammit, you are going to help some kids. + +Donations all wrapped and presentable, you rock up to the local hospital only to find its already been visited. Gamestop toys and consoles as far as the eye can see. New wings of the hospital already donated. Funds for treatments and research grants over flowing with donations. + +Back in town the same is already happening. Schools and shelters rebuilt and funded. Homeless helped into accommodation and work. Everywhere you arrive other apes are already fixing things. + +The oceans are being cleaned. Local wildlife preserved and sanctuaries given new life. Nature preserves are no longer under threat and the balance around the world shifts for the better. + +The race is on to find a project to fix before it is all done. + +What a wonderfully weird problem to have. No longer a race to the bottom to salvage the last scraps, but a climb to the top to take back the lives of those around us and lift each other up. + +This will be in stark contrast to the weasels in congress who pulled the "fuck this shit I'm out." Who will also be neck deep in trading on insider knowledge. + +I will bet my highest sold share that GME MOASS starts within the next 2 weeks. Thats why they ducked out so they aren't holding the political bag. + +If MOASS doesn't launch by August 15th I will donate my highest sold share to Great Ormond Street hospital for children. + +Jokes on them, if it doesn't launch I get paid on the 15th and buy even more. + +See you in the tendie verse apes. +Hi! + +I'm new to economics, and still don't have a grasp of some of the basic concepts. + +If a Norwegian store sells clothing for 10,000$ a month, but all the clothes are produced in Bangladesh, and the store imports them for $2000$ a month, what is the store's net contribution to Norway's GDP? + +Thanks in advance! Feel free to ELI5. +Looking to buy a two-family home in one of the most expensive real estate markets in the country. Ideally would like to live in one unit for several years. It would be a much nicer unit for significantly less money than we're paying now to rent (negative cash flow but still an attractive situation relative to present). + +After we move out, expected cash-on-cash return with both units rented is 4-5%. Is there ever a situation where this makes sense? This is not counting the equity we would be building in the property as we pay off the mortgage. + +We're looking to live in a nice, historic home that we'll lovingly take care of. We've long given up on making good money in this area and are more looking not to lose money. This is the most reasonable way we've found to afford home ownership in this pricey area, but wondering if we're playing a game we'll regret. Thanks for any advice! +I hate my job. There’s really no other way to put it. I’ve been here for 6 years with limited growth and now our recent leadership changes have made the culture something I don’t care for. I used to love it, but now I seriously dread coming in every day. It’s not a normal “my job sucks” kind of thing. It’s more like “I hope I get hit by a bus so I don’t have to go in today.” + +I’ve been quasi looking and have had a couple interviews for analyst type positions. I have a bachelors in business administration and have experience as an office manager, operations manager and sales analyst. I make $52,000/year in a southeasternish state and I don’t foresee having an incredibly difficult time landing something, but it has been hard to attend interviews, follow up, adjust my resume for each position and keep a look out for new opportunities while still working full time and managing a household. Side note: I’m a single mom with a busy teenage son. + +Here are my debts: + +$20,000 in student loans which are in COVID forbearance. +My mortgage is $800. I purchased the house for $135,000 and owe $90,000 on it. It’ll probably appraise for $180,000 or so. +I have about $3,000 in credit card debt and a $15,000 personal loan which I used to buy my car and consolidate some old debt. The payment is $300 per month. + +I have just around $3,000 a month in necessary living expenses including paying the mortgage, loans, bills, and groceries. I have about $8,000 in liquid savings and access to like $90,000 of credit. + +I want to take a $15,000-$20,000 loan against my house. I don’t know if it’ll be a HELOC, home equity, or cash out refi. But I’d like to do it so I can quit my job and seriously focus on looking for something new and with a much higher pay scale. I’ll also do some sort of certification in project management or business analytics while I’m out. I anticipate it being 2-3 months. + +I’d love any thoughts especially from others who have left jobs without having another! +i don’t want him to know that i’m helping him because i get that it can be a bit embarrassing and i don’t know how he’ll react. a mutual friend said he’s struggling to eat and is selling off his own personal items. we’re both in first year at university. my parents are helping me out and i’m furloughed from my job back home. +Immutable X is a layer 2 system for building and transferring NFTs cheap and quickly. Without layer 2, building and transferring NFTs is like the state of Texas trying to process mail with 5 post offices in the entire state. **Layer 2 is necessary.** + +The way assets move between marketplaces and blockchains is by securing them with **encryption**. + +[Quantum computers can brute force attack modern encryption schemes with its raw processing power](https://www.nature.com/articles/d41586-022-00339-5) \- allowing it to attempt many more passwords or keys than a conventional computer due to its processing units being able to exist in a state of *superposition -* allowing the CPU to test many solutions at once. + +Every computer system is vulnerable to these types of attacks - [and they could be widespread as soon as 5 years.](https://www.verdict.co.uk/todays-encryption-crackable-by-quantum-computing-in-five-years-73-of-cybersecurity-pros-say/) Banks, governments, crypto - everything. + +**Except Immutable X.** + +Enter [Starkware](https://starkware.co/stark/). Starkware is a company Immutable X has worked with to build it's secure encryption scheme *(zero knowledge proofs, zkSTARKS)* that will be used for verifying data for its marketplace. + +That encryption scheme will be the first ever **quantum-resistant encryption scheme** used for ~~transaction data and financial data.~~ a large-scale, multi-asset marketplace. + +[The NSA has been working on a quantum computer for breaking encryption since at least 2014.](https://www.cnet.com/tech/services-and-software/nsa-working-on-quantum-computer-to-break-any-encryption/) Other countries and companies have been doing the same. Multiple technology standard committees in the US have declared the need for quantum-resistant encryption since at least 2015. + +Technology like the type that Gamestop will be utilizing in its NFT marketplace is the type of technology the US needs to stay protected and relevant in the *very near future*. + +There are likely many, many more things happening behind the scenes than people realize. In Gamestop, there's a lot more at stake than just it's investors money. **The US has a deep economic and strategic need to see Gamestop succeed.** + +Let that sink in. +I am 100% certain inflation and rising prices will happen on supply chain strained commodities. Any suggestions for beaten down stocks. Uranium? Potash? Oil yes of course. Gold miners! Best hedge for 1-2 years inflation rise. Thanks. +From Ray: The fiscal policymakers don’t have that money because they don’t create it (the central banks create it), so they will have to borrow that enormous amount of money at a time when lenders don’t have much money to lend because most people and companies are losing money. That will drive up interest rates, which would be even more devastating for everyone. Central banks will then have to decide if they will let interest rates rise or print a lot of money to buy those bonds. As they are faced with that choice, they will have no choice but to print money and buy a lot of government debt to hold interest rates down the way they did in the war years. +I’m genuinely curious who has made it as a full time day trader AND has been doing this for more than 5 years AND is profitable. + +I’m convinced there are are a tiny percentage of people and that this sub is mostly people with hopes and dreams like I had. + +After 2 years of doing this full time, I’m done. I’ve lost so much money and equally this lifestyle is complete shit. + +This “be your own boss” thing is a pipe dream when you’re going to be thinking about the markets 24/7 whether you want to or not. + +Randomly waking up in the middle of the night checking futures. + +Gaining weight because you’ve lost interest in your other active hobbies. + +Sorry to shit on full time day traders… maybe your experience has been better than mine. Please let me know. But I am looking for +5 years and profitable. + +Because if you’ve done well the in like the past year or two , you could just be a statistically anomaly. I’m convinced most people can’t make this a full time thing for like decade and be consistently profitable. +Wife and I are separated and dissolving our marriage. I got her to agree to not force me to pay child support on our 2 year old daughter, as long as I agreed to absorb the entirety of the mortgage debt. If I agreed to this, I was to get all of our tax return this year, since it is our last year filing jointly. + +I was expecting $6,000, but realized when I was putting in the taxes into turbo tax that my wife hasn't claimed any federal tips this year (waitress), and instead of receiving $6,000, I will only be receiving $2,000. I cannot make $2,000 stretch throughout the rest of the year like I could have the 6,000. + +I am strongly considering putting my house up on the market. We have only owned it for 19 months. We bought it for 67,500 at a price slightly higher than the value. I still owe 66,500 on it. I figure that after closing costs and realtor fees I can expect at least a $15,000 hit. + +If I walk away with that and I live at my moms I should be able to pay that and the rest of my debts (~30,000) off within the next 5 years and start all over. + +What do you all think I should try to do? Let me know if I need to give more information or clarification. +Climate change is always my concern. I want to stay put for next 60 years. I already have rental properties in Boston and Denver and am looking to buy the 3rd property. + +I feel great lake states are more climate change resistant. I hope to find a metro area with diverse industries (to avoid down turns and single failures like Detroit car industry), decent hospitals (if I do decide to retire there), safe neighborhoods, positive employment/population growth. Any good metro areas/markets to invest? + +I see people talk about Detroit as it bounced back from recession. But how does it do with pandemic? I still see negative population growth. + +(Residential rentals only. No college housing) + +================================================================================ + +**Edit**: Thanks all for contributing! The discussion is more engaged and insightful than I imagined. Here's my data source (search for climate change map, you can find many)Maps of all kinds of natural disaster [https://www.washingtonpost.com/graphics/2019/national/mapping-disasters/](https://www.washingtonpost.com/graphics/2019/national/mapping-disasters/) + +Sea level rise map [https://www.climate.gov/maps-data/dataset/sea-level-rise-map-viewer](https://www.climate.gov/maps-data/dataset/sea-level-rise-map-viewer) + +Climate change by region [https://grist.org/cities/we-broke-down-what-climate-change-will-do-region-by-region/](https://grist.org/cities/we-broke-down-what-climate-change-will-do-region-by-region/) (It's a common sense already) + +So my goal is to distribute my investment in multiple climate zone to hedge the risks. I also considered the deadliness, cost to prepare/repair, difficulty to predict/escape different kinds of disasters. So I'd avoid wire fire, earthquakes and immediate coastal cities. Adding up flood and drought, I think great lake states are decent choices for climate change resistance. Close proximity to Canada is a great plus: if US health care system turns into a disaster, I could turn to Canada for help. +How cheap/frugal do you have to be? My father’s net worth is at least $10 million mostly in real estate and he works an average job and lives in a small condo in a middle class neighbourhood. He refused to buy an air conditioner this past summer when I visited saying it will be over soon and I almost died from the heat. Ugh. Does anyone know someone like this? Do you have to be like this to get high net worth with a middle class job? +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! + +🌐 Website: https://www.everrisecoin.com + +✍️ Bsc Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +📢 Telegram: https://t.me/everriseofficial + + +EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback system and game changing use-cases. + +On the EverRise protocol, $RISE tokens are bought back from the market, resulting in an immediate effect on the price. These repurchased tokens are then instantly burned, permanently removing them from the circulating supply. + +The EverRise buyback function, also known as The Kraken, is funded by the strategic buyback fee. The tokens are converted into BNB and securely stored in the EverRise contract (while also sending the project sustainability percentage to the marketing wallet). + +The BNB locked and stored in the EverRise contract is known as the Kraken’s Strategic Reserves. + +The EverRise contract is coded so that the Kraken’s Strategic Reserves can only be utilized to buyback $RISE from the open market via the liquidity pool. These funds cannot be sent to any external wallet. + +Once the $RISE tokens are bought back, the new BNB amount is added to the liquidity pool and the $RISE tokens bought are immediately burned. This creates a true burn and guarantees the price per token will increase every time a buyback is activated. + +🔥35K BNB used so far in strategic buy-back burns (22.16% of circulating supply)🔥 + +The Kraken Strategic Reserves are deployed at specific moments to create stable floor prices during downward market trends, chart manipulation, or whale dumps. + +Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time. + +💎 THE EVERRISE ECOSYSTEM 💎 + +EverRise’s game-changing ecosystem and EverRise dApps will bring a true revolution to the cryptocurrency space. + +Our dApps: EverOwn, EverWallet, EverSwap, EverLock and EverSale will solve key problems on the crypto industry and will bring a new dimension in personal and project security for crypto. + +All dApps are coming to both the Binance Smart Chain (BEP-20) and the Ethereum blockchain (ERC-20). + +The EverRise Kraken Strategic Reserves will be fed both by the volume of transactions on RISE/BNB and the external ETH and BNB revenue from the dApps. This provides stability not only for the EverRise native token, but all projects within the EverRise ecosystem through their required reserve holdings of EverRise. + +This further protects EverRise ($RISE) investors and allows more power for the true price increasing buyback burns that the Kraken performs. + +📄 TOKENOMICS AND PROJECT SUSTAINABILITY 📄 + +The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells and transfers), to be dedicated into the following: + +* 6% for strategic buyback funds + +* 2% as commission to holders (rewards through reflection) + +* 3% contribution to project sustainability: enhancements, operations and marketing + +✅ ACHIEVEMENTS ✅ + +* CoinPayments integration for payments on Shopify, Magento and WooCommerce +* MyCryptoCheckout integration for payments on Wordpress Sites +* Listed on CMC, CoinGecko & Blockfolio +* 4K BNB Presale sold out in 10 seconds +* 71K+ Holders +* 34K+ Members on Telegram +* $23m+ Market Cap +* 6K BNB ($1.9M USD) "Kraken" Strategic Reserves +* 35K+ BNB used in Strategic buy-back burns (22.16%) +* Code audited by Certik and Techrate +* Included on PancakeSwap Top 100 List +* Most searched token on CoinMarketCap https://twitter.com/CoinMarketCap/status/1411859090964467714 +* The most engaged community in the crypto world and the most trusted Dev & Team +* Just hired experienced Legal and Business Director + +💰 MARKETING 💰 + +* Big marketing wallet for non-stop promotion +* DAVID GOKHSHTEIN joined the Core Team as Branding Consultant +* Wasso from Hodge finance (Marketing) has joined the Core Team +* Marco Calicchia from CertiK (Business Development) has joined the Core Team +* 2nd July NY Times Square Billboard +* Luna PR as agency of record +* Donated $100,000 to Binance Charity Fund +* 11th July Btok ads in China started for 5 weeks +* Certik AMA with Doxxing on July 15th +* 21st July London Billboard on the dominating Europe’s largest financial district, The Screen @ Canary Wharf +* Poo Coin and BTOK Ads running 24/7 + +🔼 NEXT STEPS 🔼 + +* EverRise to become a registered company +* Ads campaign on more platforms +* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made) +* dApp EverLock (Liquidly locking) +* dApp EverSale (Pre-sales) +* dApp EverWallet (Wallet) +* dApp EverSwap (Swap) +* More big announcements coming soon + +🌐 Website: https://www.everrisecoin.com + +📢 Telegram: https://t.me/everriseofficial + +🐦 Twitter: https://www.twitter.com/EverRiseToken + +✍️ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +🔝 Or type EverRise into PancakeSwap and select RISE from "Top 100 List" + +📋 Certik Audit: https://www.certik.org/projects/everrise + +🔒 Liquidly locked for 1 year (Connect wallet to see it correctly): https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC + +🔐 Dev wallets locked until January 2022 + + +☀️ With #EverRise, we all $RISE together ☀️ +The US Federal Reserve is expected to raise its benchmark policy rate by half a percentage point for the first time since 2000 and formalise plans to shrink its $9tn balance sheet, as it embraces a more aggressive approach to tackling elevated inflation. What will be the consequences of this choice in your opinion? +heart racing right now. i was nervous af because it was a little too easy imo + +&#x200B; + +edit: im also nervous because im an autistic ape that wants to avoid people lmayo + +special thanks to u/big-bedroom8783 for the direct line # + +LFG. + +**💎🙌** 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 🚀🚀 + +td rep said there were quite a few calls about this and was curious as to what is going on. + +spent some time explaining why DRS and how it stops the game for naked shorters. + +hope i can get my mits on an actual paper share one day. + +Edit: TDA number 1800-652-4584 + +Edit 2: Spoke with a TD rep again today, confirmed that it usually takes 5-7 business days but because of the "SUDDEN AND LARGE VOLUME OF REQUESTS ALL AT ONCE" it is now extended to 7-14 days. So the 30 days for processing was not good info. LFG. + +edit 3: transfer completed and now sitting in my Computershare acct fully registered to me. + + + +13 days including weekends, so it came out to roughly 9 business days. LFG +Hi everyone, I am getting very frustrated with the high MERs on my mutual funds. I have an appointment with my financial advisor at RBC next week and I want to address this concern. If I decide to abandon the mutual funds and go my own way with ETFs (my advisor doesn't sell those), how do I sell all the funds. Should I do it all at once or should I do it over a couple of years? I'm worried about the capital gains I assume I have to pay tax on when they get sold (?). For reference It's a 6 figure portfolio. Any advice is greatly appreciated. Also if anyone has good talking points for how to address it with my advisor. I know it's my money and my right to do as I please but I am also fairly soft-spoken and have trouble asserting myself. + +Thanks! + +Edit: I should mention that my TFSA and RRSP are maxed, and I know they won't be an issue for taxes if I sell them. The majority of my investments are in a non registered account due to no more room in the registered. So I am getting good advice from my advisor in that regard. I'm sure the funds she has me in are decent as well but at almost 2% mer it just seems insanely high. +The title pretty much explains what I'm guessing will happen. + +edit for preface: Lot's of confusion, misinformation, and frankly fud going around. I'll say this. The price doesn't matter. Shorts are obligated to return shares, not currency. The risk is already infinite. It becomes **infinite risk x4** with this dividend. + +Yes, there are all sorts of rules, exceptions, and processes that go into a split, dividend, reverse split, etc. + +But this situation is different from anything that's ever happened (and will happen). There are too many shares being held by investors, institutions, and insiders. Non-stop buying for years while shorts did their thing while printing shares like JPow and the Fed friends print money/debt. This coke-fueled strategy only dug them deeper and deeper after the buy button shut off Jan '21 as well. + +Nobody knew what would happen since then. Nobody knew when shorts would lose control. + +We've seen innumerable rules and filings since, not just to isolate damage, but to prevent an event of this magnitude from ever happening again. + +Now IMO, I think after Computershare does their thing and distributes the necessary shares to insiders and registered shareowners, the remaining number gets handed to the DTCC->DTC (along with a nice big giant bag) + +The DTC knows what's going on. It's their shit show. But they won't want that bag for long. + +I think the next step will be them forcing closure of short positions until they reach that nice number GameStop's Transfer Agent Computershare, handed them. Until they do, it's infinite risk in an increasingly illiquid and shrinking float. + +&#x200B; + +Nobody knows how it will play out though. But this is exactly what we individually knew as we aped into this wonderful stock/company backed by the fervent vision of Ryan Cohen. I personally, am super excited for the future of the company, not just MOASS. + +&#x200B; + +**Hang in there and DRS your shares.** + +edit: and I'm not selling a single share until I see massive numbers AND those responsible for all the manipulation and theft thrown in handcuffs+sentenced. + +edit2: Don't forget Ryan Cohen can buy millions more shares still. And he's done it on IEX in the past soooo.... 🚀 +Hi, + +What services do you use to go frugal in your life? For example, buying from a thrift store, using free mobile data by some mobile sim provider, etc. + +&#x200B; + +Share your thoughts and experiences. + +location: Germany. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +You actually inspired me to get off my ass and start jogging 741.... Yards.... after like a decade of almost no physical exercise. It's been about 3 weeks now and my lungs went from holy hell burning in the first day to tempered and resilient. Moass will be amazing but you know what money can't buy? Healthy lungs, a good metabolism, a skinny waistline. Thanks for inspiring me and reminding me that even though money will solve 90% of all the problems I have in life, jogging will solve the other absolutely crucial 10%. Keep on keeping on fellow ape. + +Edit 1: I didn't expect this to gain that much traction. Just wanna say I love this community. You've given a black pilled cynical bastard hope. Hope that the future isn't as bleak as I had believed when I bought my first share on Jan 25th, 2021.. My momma's birthday. I've always held the belief that power and wealth would always become more concentrated and centralized and it has caused me great distress. But this group of less than 1 million people from all walks of life in every continent have joined in solidarity to say: We will not be slaves. Slaves in cages called jobs. Slaves who have to request time off only to be denied. Slaves who can't afford property. Slaves who get lied to daily by the politicians and talking heads on television. Slaves who will be forced to eat crickets. This was the future that was destined for us if they had their way but we said no... We like the stock. Not only for what the stock now is with all of the beautiful web3 potential but for the idea that the stock stands for 800,000+ apes who wear the mask of anonymity who hold onto an idea.... + +“Beneath this mask there is more than flesh. Beneath this mask there is an idea, Mr. Creedy, and ideas are bulletproof.” + +Freedom, liberty, personal improvement, self sufficeinecy, brotherhood, good will, benevolence, doing good for all mankind. + +I truly believe now... That no power on earth will ever have such dominating force that these ideas will be silenced. + +Thank you apes, from the deepest depths of my heart. I am 99.95% DRS. I kept 5 shares in fidelity because I need to sell them to pay off my house.. My home... That is currently on the market because GME means more to me than the garden in my backyard. I stand with you... more than I stand for myself. + +With much love, + +-Nate +With social activities largely on hiatus we’re accumulating quite the budgetary surplus. Spending in March and April is at ~70% of typical. I expect May through August to be even worse as we forego our usual European summer travel. I’m estimating at least $100,000 will go unspent if we don’t act. + +Money doesn’t buy happiness, but travel makes us happy and costs money. Travel is how we would normally abate boredom, but that’s not happening this year. So I ask you r/FatFIRE: + +How are you buying happiness in these socially distant times? +Hi all + +I’m 38. About 10 years ago I sold a company and bought 17 rental homes with the money instead of spending it. They are all owned outright and the rents are what I live on for the past 10 years. + +Lately I’ve been wondering if it would be wise to take a mortgage out on one (some) of them and buy another home and use the rents from that new home to pay off the mortgage and eventually increase my “retirement” income by owning more properties outright once the mortgage(s) are paid off. Ie theoretically if I could get approved for it I could get maybe 10 mortgages which would get me 10 more homes, and in 20-30 years they’d be paid off and it would be much higher retirement. + +So a few questions: + +1) is this a good strategy? Anything I’m not thinking of? + +2) my bank has offered a 2 year $800k commercial LOC against a few of the rental homes so that I can make cash offers on the houses and once bought get a mortgage on them instead. They want a $500 fee and prime+1% on what I use and of course 1st position at the recorders office and won’t go on my personal credit. Good idea or no? + +I also have a $600k LOC on my personal home that I never use either. So not even sure I need that extra 800k or not. + +Thanks in advance. +There are so many people living abroad that send money through things like Western Union and Wise - and crypto can deliver a better experience overall. + +When crypto finally starts breaking into the mainstream and people realize that there are things like Tron and e-Money that lets you to send funds at near zero fees, it will make crypto spread ultra-fast. + +People outside of the crypto community do not really care much for learning about what crypto has to offer or the tech behind all the new alts that pop up every day. But something really useful such as sending funds with little to no cost can really attract more people to crypto. + +Features like crypto compatible credit cards from Binance or Coinbase becoming so popular and offering crypto cash back along some cheap fees, the crypto market might finally reach mainstream status after all. +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! + +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! + +So a couple weeks ago I found out I was going to be receiving quite a fat chunk of money. I've been wheeling individual stocks for a little over a year now but never had the cash on hand to wheel much more than $10-$20 stocks without eating a huge chunk of my cash. + +I'm putting most of the money I'm receiving into a regular retirement account but some of it (about $34k) I'm taking in cash. I was thinking about either wheeling QQQ or just buying 100 shares and selling 20 delta calls on it, using the premiums to buy more QQQ, but I'd like to hear from the community. + +Edit: the 34k is after tax, not pre tax +Yes, that's quite the title, I know. But after seeing the hundredth post on the frontpage talking about altcoins that have real use cases, I can't stop thinking about this one. + +You all know Venezuela, right? The country with space-high inflation rates, the one that /r/cryptocurrency says crypto adoption is feasible. + +Well, it's finally really happening. + +I'm Venezuelan, so let me explain some weird things about our economy. First, prices double every 3 months. Second, we don't have access to USD bank accounts in the country. And third, physical cash is scarce: Bolivares because you need a lot of them to pay for little, and USD because the "dollarization" isn't official, small change simply doesn't exist (coins, for example). This creates the perfect variables for digital, exact payment. This is where the Reserve Protocol comes in. + +We have been using some digital payments app since a while ago, apps like Zelle, PayPal or Transferwise. The problem with those apps is that they often close accounts in Venezuela to avoid problems with the US government. Simply put, those companies just didn't want to deal with the problem that is Venezuela related legislation. + +Enter [Reserve.](https://reserve.org/) The team at Reserve created a stablecoin alongside an easy to use app for mainstream use. The app allows people to deposit Bolivares (the local currency) from their bank account and instantly exchange them for dollars (RSV stablecoins!). You might be thinking, well, that isn't that big of a deal, is it? Thing is, it is. Venezuelans can't just exchange Bolívares to USD legally because there aren't any bank accounts in USD inside Venezuela. The only way to save in USD would be to open an account in Panamá or risk your money getting lost in Zelle or PayPal. The app allows people to send RSV, pay with RSV, receive any crypto and convert it to RSV or Bolivares and so on. Reserve is literally saving people from hyperinflation. + +Well, why do I say mainstream crypto adoption is happening? Because people aren't paying in bolivares anymore. It is estimated that in 2020, 55% of transactions were made in foreign currency, and that number just keeps growing everyday. Now, the great part. + +**The Reserve app has more than 100k downloads.** **People are using** **crypto, not as a way to invest, not as a store of value, but as it was intended: a currency.** And it's happening right in front of us, but we're too worried about the price going up or down so much that we missed the real reason crypto is here: to serve as a currency when fiat fails us. In my case, fiat failed me. And crypto, for me and many more, is the way. +Previously, I had to enter details on cleartax one by one per trade which was quite painful, but it now supports parsing zerodha statements, along with CAMs/Karvy for mutual fund transactions, to automatically fill the tax return with all of the capital gain details required to be filled in. + +Filing via income tax department's tools is also complex as it requires calculating everything and then entering totals, but the process has become much more seamless this year via cleartax. +Hi everyone, + +**Intro** + +Before I begin. This is only information from the global nuclear and uranium sector. I encourage everyone to verify the information that I post here. **This isn't financial advice. Please do your own DD before investing. And take your time to do your own DD before investing.** + +Most investors when talking about commodities are used to hear about Gold, Copper, Oil, Gas, ... + +Uranium on the other hand is a less known commodity. + +The uranium sector has a global uranium production of \~135Mlbs/y (global primary supply) in 2022 + +In the past the nuclear fuel cycle created a global secondary uranium supply of \~20Mlbs/y due to underfeeding. + +That's 135+20 = 155Mlbs total global uranium supply + +The annual global demand for uranium is around 200Mlbs + +And now (2022/2023) an additional ANNUAL supply gap of \~50Mlbs is being created as we speak. Only, the uranium sector is an unknow sector for most of the investors, so it takes time before the market starts to understand this. + +Compared to the total global annual production and demand, an additional annual supply gap of \~50Mlbs/y is huge! And even if it in the future that additional annual supply gap would be 40Mlbs instead of 50Mlb thanks to possible measures in the nuclear and uranium sector, it would still be huge. + +So the global uranium supply and demand is in a serious deficit and the uranium price today is still too low to incentives enough new production in the LT to get the global uranium supply and demand back in equilibrium. + +Today the uranium spotprice is \~50.00 USD/lb, while a price of 80 USD/lb is needed (based on the global production cost curve versus the global annual uranium consumption) to get the global uranium supply and demand back in equilibrium a couple years after reaching those 80USD/lb. + +The demand for uranium is also growing year afer year due to the global nuclear reactor fleet increase (China, India, ...) even Japan now wants to build new reactors. + +And the last 3 months (July/September) the global nuclear sector added 6,000,000lb/y + 6,500,000lb + 3,800,000lb/y of additional uranium demand for 2022/2024 = \~**9,800,000lb** of unexpected additional ANNUAL uranium demand + **6,500,000lb** uranium demand for first reactor cores. **This adds to the already existing global supply deficit.** + +&#x200B; + +After a more detailed explanation, I give some uranium stocks listed on the London stockexchange. + +&#x200B; + +Note: Most of the time I post about the global uranium and nuclear sector, because that's the sector that I know well. I let other people talk about the sectors they know the best. + +&#x200B; + +**1) Nuclear fuel cycle:** + +\- phase1 mining + +\- phase2: conversion from natural uranium to UF6 + +\- phase3: enrichment (where the shift from underfeeding to overfeeding is happening) to get EUP (Enriched uranium product) + +\- phase4: nuclear fuel rods fabication with EUP + +Some latest events in the global nuclear and uranium sector: + +&#x200B; + +**2) The Uranium demand side** + +a) Japan wants to build new reactors + +b) Japan wants to accelerate the restarts of existing nuclear reactors (September 14, 2022): [https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html](https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html) + +=> this will increase uranium consumption in **2022/2023** + +c) UK September 29, 2022: EDF wants to extend life of UK nuclear reactors: [https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/](https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/) + +=> this would increase uranium demand **early 2023** + +d) Canada September 29, 2022: [https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/](https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/) + +=> this would increase uranium demand in **2024** and beyond + +e) California, US, September 9, 2022: [https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability](https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability) + +=> this will increase uranium demand **end2023/2024** + +f) Michigan, US, September 13, 2022: Palisada plant may reopen in Michigan: [https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/](https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/) + +=> this would increase uranium demand in **2023.** + +g) Georgia, US, September 1, 2022: Southern Company has notified the US Nuclear Regulatory Commission (NRC) of its intent to apply for a 20-year extension to the operating licences of both units at the Edwin I Hatch nuclear power plant in Georgia. + +=> this would increase uranium demand in \~2031. + +h) Belgium August 31, 2022: Belgium nears a deal with Engie on the licence extension of 2 1000MW reactors that were scheduled for closure in 2025 [https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions](https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions) + +=> this will increase uranium demand in **2023** + +i) South Korea (August 2022): the *10th Basic Plan for Electricity Supply and Demand* calls for 201.7 TWh of electricity to be generated with nuclear power by 2030, which will account for 32.8% of the country's total generation. The previous version of the mid-term plan, released in October 2021, put nuclear's share at 25% in 2030. The actual figure for 2021 was 27.4%, according to MOTIE. + +This increase in nuclear's share reflects the start up of 6 new reactors between now and 2033 **(Shin Hanul units 1-4 and Shin Kori units 5 and 6)** as well as the continued operation of 12 existing reactors. Nuclear generating capacity is expected to increase from 24.7 GW in 2022 to 28.9 GW in 2030 and to 31.7 GW in 2036. + +U-turn in 2022: restart of construction of Korea reactors => This would increase uranium demand in **2022/2023** (3 add reactors = \~4000 MW add capacity = **add \~ 1,800,000lb/y + first core of 3 APR1400 reactors = \~6,500,000lb for those 3 first cores**)) + +In April 2022 the Yoon administration said it planned to seek a 10-year licence extension to unit 2 (640MW) of the Kori nuclear plant. The unit is currently licensed to operate until 2023. => This would increase uranium demand in **2022/2023** + +j) USA, September 26, 2022: Converting Coal power plants to Nuclear Gains Steam. A US Department of Energy report identifies over 300 coal plants that could be swapped over. [https://spectrum.ieee.org/nuclear-power-plant](https://spectrum.ieee.org/nuclear-power-plant) + +=> **This would double the annual uranium demand from USA!!** And a massive build out starting \~2030 would mean that the needed uranium for this will need to be signed in contracts with uranium producers around **2025**!!! + +k) Germany will probably extend the operations of 2 nuclear reactors. And if they extend the operations for several years => this will increase uranium demand in 2022/2023 + +l) Mexico extends the operational licence of their 2 reactors (September 21, 2022): [https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc](https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc) + +=> this will increase uranium demand in **2022/2023** + +m) Argentina (July 2022): Argentina is preparing to refurbish Atucha I, the first nuclear power reactor in South America, so that it may generate power for a further 20 years. A framework to regulate the work has been agreed. The company said the reactor would come back online in 2026. + +=> this will increase uranium demand in **2024** + +n) China is massively building new reactors: "China had 53 nuclear plants at the end of 2021 with a total generating capacity of 55GW. The country plans to expand this to 70GW by 2025 and up to 150GW by 2030, at which point it is likely to become the world’s largest generator of nuclear energy, ahead of the US and France." (September 27, 2022) + +=> **China today consumes \~28 Mlbs of uranium in 2022, that's 20% of global uranium production (\~135MLbs in 2022). Based on the uranium needs for reloads and the uranium needed for first cores of new chinese reactors, the total uranium demand of China will be \~50Mlb in 2025 (for 2027 consumption) and 110Mlb in 2033 (for 2035 consumption)!!!** + +But India, Turkey, Egypt, ... are also building new reactors that also need a 1ste core and than 40-80y of core reloads! + +0) **add to all the above, the shift from underfeeding to overfeeding creating an additional ANNUAL global uranium deficit of \~50,000,000lb uranium that will hit the uranium sector in 2H2022/2023** + +**2) The Uranium supply side** + +**In 2022 the global uranium production will only reach 135Mlbs.** And only with a significant higher uranium price in Q42022 than today, the uranium sector could maybe reach 155Mlbs global production in 2023. + +But the annual demand in 2022 is \~200Mlbs (primary demand + first impact of overfeeding in 2022) which reduces operational inventories of producers, convertors and end-users (utilities). + +Those operational inventories are now at a critical low level according to UxC (presentation in 1H2022), meaning that there isn't any room anymore to reduce operational inventories further. So now utilities effectively need to find an additional \~75Mlbs in the market!! But where exactly? + +Today the uranium spotprice is \~50.00USD/lb, while the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +Now comes the time that this will be translated in much higher upward pressure in the uranium spotmarket. + +And because the natural uranium cost only represents \~5% of total production cost of electricity from a nuclear reactor, utilities will not mind to buy uranium above 100 USD/lb if needed, because the cost of shutting the reactor down due to fuel shortage will cost so much more for the utility. + +**Conclusion:** The uranium price is about to increase significantly + +**This isn't financial advice. Please do your own DD before investing.** + +&#x200B; + +**3) Which uranium companies are listed on the London Stockexchange?** + +**This isn't financial advice. Please do your own DD before investing.** + +**a) Yellow Cake** (YCA on London stock exchange) is an investment in physica uranium without being exposed to the mining risks + +Yellow Cake (420 GBp) represents an uranium price of \~45.35 USD/lb. + +675 GBp would represent an uranium price of only \~73USD/lb. + +740 GBp would represent an uranium price of \~80USD/lb. + +830 GBp would represent an uranium price of \~90USD/lb. + +While the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again **a couple years after reaching those 80 USD/lb.** + +**"a couple years after reaching those 80 USD/lb"** means that a significant overshoot of the uranium price well above the needed 80 USD/lb is most probable. + +Here a link to a calculation of the discount over NAV of Yellow Cake: [https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ\_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867](https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867) + +&#x200B; + +**b) Kazatomprom** is one of the biggest uranium producers in the world. + +**Kazatomprom share price has some serious catching up to do.** + +Why? + +\- The uranium mines in Kazakhstan have the lowest production cost + +\- Kazatomprom is profitable + +\- Kazatomprom pays the highest dividend in the uranium sector. + +The dividend per ordinary share of NAC Kazatomprom JSC is KZT 876.74 (eight hundred seventy six tenge seventy four tiyn) (July 15, 2022) = dividend of 1.85 USD/share. + +1.85 USD compared to a share price of 29 USD/share = 6.38 % dividend + +And in my opinion the dividend will increase in 2023. + +\- More than 50% of future uranium will go to Chinees utilities and the strategic uranium reserve of China. China will become the biggest uranium consumer in the world in the future, they are building a lot of new reactors at the moment. + +\- The Kazatomprom price (29 USD/share) today only represents an Enterprise Value in USD / lb uranium in resources they have of 5.75USD/lb compared to Paladin Energy having a 23.04 USD/lb value back in February 2007 (when uranium price was \~75USD/lb) and Cameco today having a 8.05 USD/lb + +&#x200B; + +**c) HANetf ICAV - Sprott Uranium Miners UCITS etf** (alternative of the main Sprott Uranium Miners etf in the US stock exchange): well diversified 100% uranium sector etf + +&#x200B; + +Alternatives on US and TSX stock exchange: + +**d) Sprott Uranium Miners** etf (URNM etf): well diversified 100% uranium sector etf + +**e) Horizons Global Uranium index** etf (HURA etf on TSX): well diversified 100% uranium sector etf + +**f) Global x uranium etf (URA etf):** 70% invested in the uranium sector and the remaining 30% in multi-commodity producers, nuclear sector and utilities. + +g) **Sprott Physical Uranium Trust** (U.UN on the TSX and SRUUF on US stock exchange) is an investment in physica uranium (no uranium on paper!) without being exposed to the mining risks + +U.UN share price at 16.00 CAD/share represents an uranium price of \~47.00USD/lb. + +17.00 CAD/share represents an uranium price of \~49USD/lb. + +18.50 CAD/sh would represent an uranium price of only \~54USD/lb. + +21.50 CAD/sh would represent an uranium price of only \~63USD/lb. + +25.00 CAD/sh would represent an uranium price of only \~73USD/lb. + +While the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +**This isn't financial advice. Please do your own DD before investing.** + +Cheers +Hi, I currently have about 90% of my portfolio in equities right now and 10% in cash. I do think the market is overvalued right now. I'd like to get down to about 60-70% equities. But I also think even at current rates the pound is overvalued too - international markets are not pricing in the coming UK economic crisis this winter. Anyone know if there's a cheap platform where I can hedge against the £ collapsing by holding some USD or a basket of global currencies or something? +Do you think it would be better and more healthy for the UK stock markets (FTSE100, 250) to report quarterly earnings to give investors more frequent updates and understanding of the companies? + +As we see with the US they have them every three months and it seems to help to bring confidence to the market and therefore higher share prices. It also allows investors to manage expectations/realities more frequently so less massive rise or fall of the share price at the Annual Reports. + +What are your thoughts? And why do we not do it? + +Thanks +Heres the thing, most brokers didnt care about us, they follow the money. That being said, they would only start letting us vote, and media will only start giving us good coverage now if they know we are the next gorillanares. DONT MISTAKE KINDNESS WITH CARING ABOUT THE CORRUPTION, at the end of the day if we hadnt found out GME and exposed the shorts, along with pushing our opinion to media, we would definitely not get any love from them, they're material leeches that should be seen as jist wanting to profit rather than expose wrongdoing, media lies. + +Edit: from u/trusssst96 +Sorry for posting this here, T212 apes need to hear this + +https://www.reddit.com/r/Superstonk/comments/nna575/t212_apes_assemble_40k_people_holding_gme_through/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Apes with T212 assemble, we wanna vote! Pressure T212 like other apes did with eToro, Avanza, Nordnet! +Two part question: + +1. Do you believe we have hit a recession (I do not mean using the strict definition), I mean do you see the market as heading that way and if so... + +2. What companies/ sectors do you see the market turning towards when the recession is in full force? +I posted my 12 month update a year ago and figured I would post it again in case anyone might find it interesting.... I did all of the work on my first 4 properties, and now use contractors for almost everything + +Pre-REI Journey properties + +1. **5/4 SFH purchased to house hack and AirBNB the spare rooms ($110k cashout)** + 1. Bought $195k 10/2015 + 2. Sold $325k 1/2019 + 3. $0 overall spent/invested as I was cashflowing $1500/month on top of my mortgage payment allowing me to complete upgrades to all bathrooms/kitchen/outdoor deck areas + 4. &#x200B; +2. **2/1 SFH my now wife owned before we met - Property #0** + 1. Bought $95k 4/2014 + 2. Invested $75k in rehab + 3. Re-appraised at $325k this month + 4. Currently a full time rental cashflowing $400/month + +I used the above equity to open a 100k Line of Credit with my local credit union to start my REI journey - I was bored at the start of Covid and my wife encouraged me to go for it after I had talked about it for 6 straight months... + +&#x200B; + +* **Property #1 - 3/1 Duplex - April 2020** + * 75k purchase price - 30k down payment via HELOC + * 50k rehab budget - I did all work myself + * $815 monthly carry cost + * $1850 rent roll + * Refinanced into Commercial loan November 2021 - 225k appraisal +* **Property #2 - 3/1 Duplex - April 2021** + * 125k purchase price - 40k down payment via heloc + * Bought out from a deal that fell apart - closed 25k below the prior deal price + * 75k rehab budget - Did all work minus drywall myself + * $975 monthly carry cost + * $2250 rent roll + * Refinanced into Commercial loan November 2021 - 250k appraisal +* **Property #3 - 3/1 Duplex - July 2021** + * 135k purchase price - bought off market from the investor who owned #2 (met him during my rehab) - 210k hard money loan - 35k down payment paid via HELOC & 401k loan + * 75k rehab - I outsourced all demo/drywall/paint/flooring - I did kitchens and bathrooms + * $1200 monthly interest only carry cost + * $2500 rent roll + * Refinanced into Commercial loan November 2021 - 275k appraisal +* **Commercial Loan Refi #1 - November 2021** + * Rolled properties 0/1/2/3 into a 5.25% Commercial loan + * 75% LTV (realistically a 60% LT sales price) + * Paid off the HELOC & 401k loan + * Paid off all 0% credit cards I was floating material purchases on + * Decided to take a 6 month break - LOL +* **Property #4 - 2/1 Duplex - December 2021** + * 120k purchase price - 60k rehab budget - Hard Money Loan - 30k HELOC funds used to pay + * My hard money lender denied another client who was meant to close at 180k purchase/20k rehab due to them not knowing what they were doing. I was able to offer 120k and close 48 hours later keeping the sellers original close date - This was the deal of a lifetime + * My rehab ended up being over 100k as I decided to demo the garage minus the walls and start over. make a 1 car garage with a bunch of storage into a 4 car garage with separate doors for each resident + * The one side was studs so I re-framed the entire side and re-did all plumbing/electric/HVAC myself and paid someone to drywall/paint/flooring. Did kitchens and bathrooms myself again + * $1250 monthly carry cost + * $1850 rent roll + * Refinanced into Commercial loan #2 - $230k appraisal +* **Property #5 - 6 unit apartment building - January 2022** + * 170k purhase price - 150k rehab budget - hard money loan - 60k from HELOC for downpayment + * Realtor had a client walk away - I closed 40k below their prior agreement + * This project about killed my spirit.... + * all new plumbing / drywall / electric / flooring / bathrooms / kitchens / + * We filled 10 50 yard dumpsters during this project + * 50k for a new roof and coping resolutions - SURPRISE! + * 6 months to get the project completed and rented out + * $2700 monthly carry + * $5200 rent roll + * Refinanced into Commercial loan #3 - $575k appraisal +* **Property #6 - 3/1.5 Duplex next to #3 - April 2022** + * $165k purchase price - 30k rehab budget - hard money loan - 25k downpayment from 401k loan + * I had been offering off market for almost a year to the owner - they listed and I offered 5k less than I had been with a 5 day close (they listed it at 25k below what I had been asking) + * 1 side was already rented, 1 side was almost ready for move-in + * $1500 monthly carry + * $2200 rent roll +* **Commercial Refi #2 - July 2022** + * Rolled properties 4/5/6 into a 5.55% Commercial loan + * 75% LTV (realistically a 60% LT sales price) + * Paid off the HELOC & 401k loan + * I am actually taking a 6-12 month break this time..... I hope +* **Current Finances** + * 2mm appraised value of entire portfolio + * $55k in 0% credit card debt that expires in the spring - will have most paid off via cashflow by then + * Heloc & 401k loans are now back down to $0 + * $0 of cash invested in the business + * Monthly rent roll - $15,500 + * Monthly Carry Cost - $9,100 - two mortgage payments + * Monthly T&I Holdback - $2,200 + * **Monthly Cashflow - $4,200** +* **Things I learned in two years...** + * Always add 30% to your rehab budgets - shit happens + * Lowes/HD/Menards/Best Buy 0% same as cash cards can save your entire business if you need to float 15-20k in materials purchases for 6-24 months when scaling - This is a bad idea but it worked for me + * You can accumulate an insane amount of CC points if you do it right and open the right new cards.... Sitting on 1.3mm Amex points accumulated in the last 24 months + * Resident selection is the **entire** business - I had only 1 resident not renew in the last two years, and every single other one averages 1 maintenance call/year and I have zero missed rent payments. This has allowed me to do my own management which has saved me so much money and allowed my commercial loans to to payoff all my down payments due to LTV based on rent rolls expenses + * Hire a CPA when it makes sense - I thought I owed 4k in taxes in 2021 and ended up with a 2k refund. Fucking fairy dust lol + * Re-entry construction programs are amazing. I write checks to programs helping people get back into the work force, they work a little slower but who cares it is half the price + * I take the entire crew(s) out to lunch twice a month as a thank you - I want my partners to know I value them and I do not just view them as cogs in my machine... + * I want to take a 12 month break because I am fucking tired and have 2 kids under 3 years old... + +&#x200B; + +Maybe no one cares about all this - but I thought it might be insightful for others as they start their journey or are in the middle of their own. + + +AMA! + + +I live and invest in a small town in Canada. In the past I was able to find buildings that need a lot of cosmetic repairs and fix them up and rent them and I was quite successful at it; 10-15% CAP rates after renovations. Ever since covid I can’t seem to find anything worth my time everything is overpriced. There are buildings that I was looking at 2 years ago that are now selling at 100%+ over what they sold for in 2019. + +I am analysis at least 1-3 properties per week, but so far nothing seems to make financial sense. I am putting most of my savings in the stock market now as I don’t see the point of taking on a 1-4% CAP rate when I can get 8% in an index fund. I get that the RIO will be much more, but I don’t like using RIO as a measurement of return. + +I guess what I am asking is how are you finding buildings worth your time, effort and investment ? +It’s a constant occurrence to see people freaking out when a coin starts pumping, and they aren’t in it, and the coins start dumping and they want to sell it. + +Youtubers are constantly saying “this is just FUD”, and “the Bull market is not over”, and “Buy the dip”. But the problem is that A LOT of the FUD that newcomers feel, actually come from the crappy Youtubers, with their shitty “😱😱🚀🚀🚀🌕🌕📈📈📉📉” thumbnails. + +Imagine you finally bought some Bitcoin, maybe you bought it at 60k, and you see the market going 10% down. You invested in crypto, and it’s your first experience with volatility. + +You go to YouTube, and your homepage is now flooded with “THE MARKET IS TANKING 😱😱😱😱😱💥💥💥” “BITCOIN BEAR MARKET”. + +How do you think this would make you feel if you just came to the cryptocurrency market? I personally would feel a lot of fear, and try to cut my losses, as I wouldn’t know what any of this meant. Now I take a loss, and the market starts going up, and then I buy...and the cycle continues. It’s the meme of buy high, sell low...but although it is a joke, it does happen to a lot of people. + +We need to help the people that feel this way, by giving them reassurance. By not letting their emotions take over. I try to do this on the daily discussion, and maybe if you read this far, you could also jump in sometimes. + +Hope everyone has a lovely weekend! +The short version is I am curious if anyone here maintains any full-time domestic staff (e.g. housekeeper, cook). What makes it worth it, how much does it cost, and how do you find qualified candidates? + +I've heard that this sort of thing is more normal in some other countries, but I'm curious partly because my social circle isn't *that* rich, but also because it's not "how things are done" in the US. The closest among people I know are families who engaged a full-time nanny for a few years while kids were young. Outside of that though, most people live by the service-as-a-service model: maid service instead of housekeeper, landscaping service instead of gardener, and so-on (you can even "rent a chef" and have a professionally prepared meal served at home). + +It's hard to feel like this isn't the obvious choice at any NW since modern tools and appliances mean it's hard to imagine such tasks being a full-time job and also the cost of labor in a first-world country is sky-high. Certainly now, and perhaps ever, I can't really see at is an affordable or worthwhile expense (at least not below a NW of like $20m). On the flip side though, I personally dislike the "as a service" model since it seems to bundle all of the guilt of an obvious class difference with none of the personal connection of bringing someone into your household. + +So I'm mostly curious - is this a thing almost anyone does in the US, and if so how do you manage it and why do you think it's a good idea? +I'm really disturbed by how this subreddit has more memes than genuine discussions. The entire vibe seems to be about creating an unsubstantiated hype and creating extreme fomo in the minds of novice and naive traders looking to make money. + +Yes, I also feel ETH will do well in the long run unless there's a major regulatory hurdle, but that doesn't mean that it's wise for anyone and everyone to invest in it. Please learn more about what ETH is and only invest amount you're okay not liquidating for a good period of time (or better, losing completely). Dont put in your hard earned money into something you don't understand + +Even if you invest one week later or month later or don't invest at all after understanding crypto for yourself, it's okay. A period this small wouldn't matter in the long run. You must have heard of teenagers who became billionaires through BTC, but you haven't heard of people who lost everything when the prices dropped because they went all in for crypto. Please invest wisely. +Since VWCE is very popular on this subreddit, could somebody educated summarize what near future most likely holds for VWCE? And what would be outcomes? + +* unsustainable current grow - in 2 months we went up by 8,2% +* possible effect of possible USD inflation (or whatever will happen in the USA) + +Given that it is world ETF etc. +ETFs pertaining to lithium batteries, ETFs pertaining to clean energy, +ETFs pertaining to marijuana, +ETFs pertaining to online sports gambling + +I’m very interested to hear your thoughts! +A couple of weeks ago, my Airbnb account was hacked (had a very old, unsecure password, I've since changed it, along with all of my other passwords), whoever gained access then made a reservation for approximately £5000. As I've used Airbnb plenty of times with no issue, Airbnb was set up as pre-approved payment with PayPal, and so the money was sent instantly. + +I haven't got an amount even close to that in my account, so my bank declined it, and I thought this would be no issue as no money ever left my account. The problem is that PayPal has sent this money to Airbnb, and because this hacker chose to be refunded in booking credits, Airbnb are refusing to send the money back to PayPal as credits "cannot be changed under our terms of service". + +Now PayPal are calling / emailing me telling me I need to start paying them back or there will be legal consequences, so I am having to pay out of my own pocket in order to avoid this. + +I've been contacting Airbnb almost daily via phone, email and support chat but I get the same copy & pasted responses telling me credits cannot be changed. I did have one helpful agent tell me I would receive a refund after 5-15 days, but it's now past this point and I've heard nothing from them since. + +If anyone has any ideas / someone I can contact it would be extremely helpful. I did even think of sending the CEO an email but I'm not sure this would do any good. + +Thanks in advance if anyone can help! +Background story: + +My wife had some money in the savings account. Her account manager from IndusInd Bank asked for a meeting to explain a new investment option. The person explained that it was a Tax Free investment for a 15 year period like PPF and would give a return of 9% which is higher than PPF. It seemed all good, they took her signature on a KYC form and cancelled cheque. I asked them about the plan details and they said they will share the next day. In my absence, they asked my wife to get an online verification as per procedure. The numbers weren't discussed at all. + + +After 15 days, we received the policy of Tata AIA details, I was a bit surprised since the policy was initiated with no discussion on the numbers. When I saw the policy details, the returns were 4.5%. I immediately connected with the IndusInd guys to explain this and I wanted all the calculations on mail. I got a half baked calculation sheet which clearly was showing 4.5% return. Now the policy had seven years of investment and cancellation had heavy penalty. I told them, it's not acceptable and you need to cancel this without any penalty. But they didn't have the authority to do it and it would also mean accepting their mistake. + + +Action taken: I contacted Tata AIA directly mentioning that this was a misrepresentation of facts. Thankfully they were willing to accommodate. In next two weeks I had interactions with Tata and IndusInd, their representative came over personally along with IndusInd. The IndusInd employees were unable to explain the numbers and after 3 weeks Tata AIA approved the cancellation with full refund. IndusInd employees or senior management were not at all responsive or helpful in this case. + + +Learnings: Don't make investments through banks, they have preferred vendors and they will oversell to get more commissions. They don't care if you lose or make money. + +This is my second such problem with IndusInd so I will advice everyone to stay away from them if possible. Their policy is to just make more money out of customers. + + +TLDR +Don't trust banks in my case IndusInd for third party investments. Specially warn the people around you who don't understand the calculations. Its better to make investments through good brokers whose fees are linked to your returns. That way they also work hard to get more returns. +My mother is AWFUL with money. In 2006 she inherited about $4,000,000 from her mother and squandered nearly all of it within seven years. When she was down to about $1.5m left, she decided to build a log cabin on some property that she inherited and move from our hometown to the new cabin. The cabin was only supposed to cost $500,000 to build, but she was so naive and so easily manipulated that the contractor she hired to build the house ended up scamming her for an additional $500,000. And she had to spend another $150,000 to fix all the mistakes and code violations that the contractor left her with. + +To put just how bad she is with money in to context… she never even googled the contractors name before she hired him. The first link on Google was a website made by eleven people who he had scammed or ripped off previously…. + +Anyway… fast forward to present time… she has lived in the cabin for ten years now and lives on the basement level in an apartment that’s separate from the upper two levels. The upper two levels are rented as a vacation rental and generate on average $75,000 in gross revenue annually. Also, several years ago she took out a $150,000 mortgage against the property because she was running out of money. Other than that, the Property is fully paid off. The estimated value of the property in the current market is $1,400,000. + +She earns about $1200 biweekly from her full time job as a vet office front desk manager - a job she loved a great deal up until a few weeks ago. In addition to that, she makes $1100 monthly from state teacher retirement, and about $1500 a month of VR profit. The profit from the VR is split with me 60% her 40% me, after expenses like restock and housekeeping are deducted, as I manage 100% of the rental business for her. Her mortgage payment is $1100/month. She just refinanced this year and still owes for 15 more years. Anyway, Right now she basically lives paycheck to paycheck and has no emergency fund, savings, investments, or any assets aside from her home. + +Two weeks ago, completely out of the blue, my mom informed me she had decided she was going to sell the cabin and move back to our hometown. She wants to put it on the market before the end of November…. Without giving it any time at all to consider…. Reasons for this include: wanting to pay off the $150,000 mortgage and all other debts, job burnout, missing her close friends from hometown, loneliness, depression mostly related to her dismal financial situation, wanting to wipe her hands of the Property and the associated remorse and regret she feels for losing so much money building it by getting ripped off. She says she is going to budget $250,000 for a two bedroom single level house in central NC in her hometown (WAY overpriced). + +I have told her that if she is lucky enough to sell the house for $1.4m, she will owe upwards of $125k in capital gains tax, $75k for the 5% realtor commission, $140,000 to pay off mortgage, and if she found a house for $200,000 in her hometown - she’ll already be down to $800k. She says she will invest it so that she can get a monthly interest income from it. + +I am trying desperately to get her to look into other options like a shared appreciation loan that would allow her to access some of the equity in the house to pay off her mortgage and purchase her new house… rather than selling it and losing all of the equity she has. With a shared appreciation mortgage, she could borrow 30% of the houses current value and only owe it back after 30 years or if she decided to sell the house.. she would owe the principal of the loan + a portion of any appreciation. If the house depreciates between the time she was issued the loan and the time she pays it back, she would only owe the principal of the loan back. No interest. No monthly payments. + +On top of all this, she has found some realtor that is telling her she can store her stuff in her garage once her house sells and before she buys her new house…. And she has been coming the house to help my mom pack!! Can anyone say RED FLAGS? This is the only person she has been listening to advice from. And keep in mind she is poised to make a 5% commission on the sale. + +Please tell me I am not crazy for thinking this is a terrible idea and that there are SO many red flags. Can anyone validate my opinion that this would be a better option? Can anyone suggest any other better alternatives? If she sells her house, we lose that $75,000 of annual VR revenue and she sells off the only asset she has… this property is in the blue ridge mountains of western Nc and is occupied by guests 80% of the year. She is CRAZY to be doing this! Please help me convince her to change her mind and find another way to achieve her goals. Thank you all! + +Tl;dr - my mom is selling her only asset, a paid off home that doubles as her primary residence and a vacation rental that produces $75k a year in revenue… so that she can relocate back to her hometown and so she can pay off a $150k mortgage she took out against the house, a house currently worth $1.4m. Looking for ways to explain to her, an extremely financially illiterate and ADD 62 year old, that she is making a huge mistake and that there are better ways to go about doing this than don’t involve selling the house. + +EDIT: I know that is very unlikely I will be able to get my mom to change her mind and pursue another option, but I am still interesting in any alternative options that anyone here might suggest. I refuse to give up yet and I want to be able to present my mom with some different options that would allow her to pay off her $140k mortgage balance and relocate to her hometown and purchase a downsized home at a reasonable price. I want to be able to say that I tried to stop this and I tried to educate her about how stupid she is being. So any advice other than I am screwed would be greatly appreciated. +any advice?! +Edit: I don’t have gap insurance because I canceled it 2 months before the accident. +I already settled with the insurance on the amount so that isn’t negotiable anymore. + +How about if you don’t have anything helpful to say then Don’t say it!?? I know i’m in a really bad situation and I screwed myself, but i’m human and having a really difficult time with this. thanks to the people who have been helpful +**Eternal question: is it better to focus purely on dividends or should I aim for ones that offer both dividends and growth?** + +I took popular funds from three categories: High Yield, Dividend and Stock ETF’s, and put them in a virtual portfolio since august 2020. + +https://preview.redd.it/rl1epolba2h91.png?width=1107&format=png&auto=webp&s=1f8a9ebbc420a9693e5b6773c0e087d1241ebfc5 + +List sorted by total return that includes the difference between the purchase price and the current one, and dividends received. IRR is the average annual return calculated by the formula XIRR. + +**So I believe, based on data for 2 past years, that nearly all dividend ETF’s with yield around 3-4% (SPYD, SCHD, SPHD) were the best choice.** + +Also you can see how price and dividend growth affects total profit - SPYD in august 2020 had around 6% yield, then corrected to it’s natural 4% yield over 5 years (by increasing in price), which was the reason for the high profit. SCHD in august 2020 had the same yield as today 3,2%, but because of its massive dividends growth took second place. + +And another graphical way of data representation + +https://preview.redd.it/noriowxga2h91.png?width=1105&format=png&auto=webp&s=8b04cf407816aa03ad5c53b437a1f0440648396b + +I would like to take a longer period, but JEPI was only launched in May 2020 and it’s too popular to forget about it. + +I understand that past performance does not guarantee future performance (and you can take any other period and get different results), but **what is your answer to that question?** + +&#x200B; + +Fun fact: you need 1,6k to buy 1 share of each of these funds. + +https://preview.redd.it/13tlss4ka2h91.png?width=1095&format=png&auto=webp&s=e60f71de0e826daa3ae3c751fce6e86b4ef4310e +Chart here: [https://www.cnbc.com/quotes/?symbol=.DJI](https://www.cnbc.com/quotes/?symbol=.DJI) + +Obviously, it can keep falling if coronavirus continues to spread, I get that. But I wonder if part of this isn't JUST the virus, although that was the major causative factor. I think people were generally thinking this market needed a bit of a correction, and the virus, while a major danger to markets in its own right, provided everyone an opportunity to unload all of their anxieties. + +We'll see how far down it goes. +Is anyone else in a completely different lifestyle/ financial situation from their colleagues? All of mine choose to live in the eastern suburbs of Sydney, pay huge rents and haven’t bought. We chose to move to an outer suburb, with a long commute so we could buy. They seem to constantly make snarky/jealous remarks about it and I’m sick of it. If they wanted to make the sacrifice to move further out, I’m sure they could afford it too. They joke all the time about “must be nice” but it’s starting to not feel funny anymore, more snarky and it’s making me uncomfortable…. +**Context:** + +https://preview.redd.it/kvbzi53y2qx81.jpg?width=1125&format=pjpg&auto=webp&s=f459ff557acb8fe9593b5bb8f70ab3b727e9bd92 + +"I understand that the market is bleeding a bit today, and circuit breakers trigger once certain conditions are met. HOWEVER, the way he's wording this makes it seem like he knows something is up, and we're going to drop \~20% at some point AH. + +What's going on?" -- [LunarTones](https://www.reddit.com/user/LunarTones/) + +&#x200B; + +**My Response:** + +Well, let me just drop the short list here: + +* Fed printed 40-80% of all USD in 2020-2022 (turns out nobody has an exact number here) +* Overnight Reverse Repo sitting at nearly $2T daily ($100b was a HIGH day before 2021) +* Fed has no plans to slow inflation, they are aiming to contain at best +* BoA has said they expect BIG pain after S&P500 drops under $4000 ($4146 close today) +* Russian bond defaults contagion +* China likely to default on bonds very soon ($300B, Evergrande) +* Ukraine, and Russia produce 35% of the worlds wheat +* Diesel prices are rising faster than gas prices (those docking containers now are expensive to ship out) +* China lockdowns seem to have no near-term end in sight +* Elon Musk using Tesla as collateral for Twitter deal (As Tesla goes down, Elon needs to pad with $$$, which likely means he will sell Tesla shares) +* The Fed rate hike was smoke and mirrors, since they increased the RRR lending rate by the same % as the rate hike (aka, the US is still generating debt, AKA the reserve is printing, AKA, inflation is untamed still, were no better off than before the hike.) +* The US has an extremely apparent speculative bubble, given that the DTCC owns all the underlying assets, and derivatives create a surplus in share supply. +* Mortgage backed securities are crashing, and have been for a few months now. +* Banks are being raided for Fraud investigations across the world. Recently Morgan Stanley was caught stealing $200B from foreign countries (imagine what they are doing here, if they are willing to do it on foreign soil) +* Pay increases are not keeping up with inflation by any means, and people are starting to finally pay attention to this about a year too late IMO. + +&#x200B; + +Based on some Michael Burry speculation: + +* Every full crash is roughly 15% worse than the last one. +* The last one we saw was Covid, according to Burry, which had a low around $2000 on S&P +* MBurry expects us to travel about 13% below this level, since everything padding that has been artificially pumped markets due to Fed+Treasury spending. +* AKA, he expects a 60% dive in the semi-near term + +&#x200B; + +Based on some Euro Market problems: + +* Inflation isn't just untamed in the US, Europe has the same problems, along with Canada + the rest of the world. Example: Turkey had 69.9% inflation this year. +* Concerns around war, supply shortages, energy shortages, gas shortages, etc, are all just as large scale there as they are here, in some cases, much worse. + +&#x200B; + +Based on the Mortgage industry mass layoffs: + +* Rocket Mortgage fired \~10% of their staff +* Wells Fargo laid off about half of their mortgage staff +* Zillow reported record losses +* Better.c o m fired 10% of their employees, said they expect the next 2 years to be a bloodbath in the mortgage space +* Blackrock + others buying houses in cash 30% over ask (aka, it's better to plan to rent houses than it is to invest that money into the speculative bubble that is our crazy market right now) + +&#x200B; + +Now, is there any good news? + +* GME has no danger of bankruptcy, and has lots of new sources of income releasing soon, that could produce billions in profits/year on very low cost of maintenance, and are breaking through into the Web3 space. The first large company to fully dive into the space. +* The VIX will continue to rise as the market dies. +* A great buying opportunity for GME on the low, along with many other stocks. + +&#x200B; + +This list got way longer than I wanted it to be, but there's lots more that could be on here, and anyone that's shocked by an incoming recession hasn't been watching closely enough/or had a good enough understanding of the market structures. + +Buckle up. +https://m.youtube.com/watch?v=6bi2XvD0eXw + +This guy didn’t have to go to college, works as an overhead lineman with base pay about 120k, lives in a paid off house with his brother, saves 7k/month typically, has 3 rental properties, has girlfriend but no kids. +That is about $2k more than 2017. It was ***rough*** to say the very least, but I still accomplished a lot. I carried a 4.0 GPA in school all year, and I managed to move across the country to a place that is much sunnier. Not experiencing seasonal depression has completely changed my life. I ate a lot of canned fish, plain rice, and oh so many bananas, but most importantly, I managed to survive. I'm happy I made it through. This sub has always been a place that made me feel less alone, and I am grateful for this community. + +Cheers to a new year, friends! + +edit: my first silver! y'all are a wild bunch. thanks again for being one of the best communities on reddit. +Lurker on this sub for a little and very uneducated in Divs but looking to learn. Seen a lot of “reached my 1k/mo goal” type posts and I was wondering how achievable this goal is and what kind of investment frequency and timeline it takes to get there / what asset level nets this? + +any other tips appreciated for someone looking to start off learning (24yo) + +Thanks, +In light of recent price movements, it can be difficult to remember how far we’ve come. While the price, of course, is still up considerably from this point last year, the cultural phenomenon of cryptocurrency is still at a peak. + +While temporary regulatory fears are troubling, they also reflect normalization of the asset class. People as a whole have come to recognize the potential of blockchain and how it’s decentralization clashes with our increasingly centralized world. + +One industry that was **shockingly quick to adopt blockchain and NFT’s was that of sports**. Long a conduit to the average person’s heartbeat, organizations that are designed to seek an edge (and one Dallas Mavericks owner in the Cubes) quickly saw the opportunity in cryptocurrency and have looked to understand it from merchandising to ticketing. + +The next development in this saga begins with **Blocsport, the natural evolution of blockchain in sports** after the massive successes of NBA TopShots and Fan Token Offerings. + +This starts through BlocSport’s ability to employ smart contracts that include a players ID, transfer value, transfer form, confirmation of player movements to and from academy/club, transfer terms and conditions, and electronic signatures of relevant parties. + +While this seems like a far reach, considering the many applications of blockchain from handling highly complex loans operating as a bank to upending the entire art market, **handling the transfer of Eden Hazard seems like child’s play.** + +You may be wondering, why would teams need this when they seem to handle transfers just fine? The short answer is that they don’t. + +For one, even big clubs can have trouble tracking down real information about the players that they sign. **From a player’s age to a player’s experience, forgeries happen and facts are misrepresented.** Having immutable information about every player the minute they come into contact with the blockchain would go a long way to securing this data. + +Paper contracts are also inconvenient, fallible, and take considerable time to process due to their lack of integration with electronic tools. **For smaller clubs that lack adequate legal resources, this can be a complete nightmare.** + +This extends into scouting as well. With the international nature of sports like baseball, basketball, and soccer, trading information about players can be a process lacking in trust. **Blocsport offers a permissioned system for clubs to trustlessly and reliably trade information.** + +Furthermore a decentralized database of players shared directly between sports clubs, a player can register through Blocsport and provide their information to several federations at once. + +Their **Blocsport ID can act as a player passport,** streamlining operations even further and revamping the entire winding web of sports infrastructure depending on several centralized sources into a clean, decentralized system that should **cut down on a wide range of needless costs.** + +**Going live on JulPad tomorrow,** **$BSC1 is going to absolutely explode both in the short-term from obvious interest and in the long-term from obvious utility.** By starting with a familiar NFT Marketplace but one that should have exclusive access to athletes, Blocsport is well-positioned to take advantage of trends in the market on its way to **being the next billion-dollar market cap token.** + +Check out JulPad below and make sure you **get a piece of this IDO before more public listings begin!** + +[Website](https://blocsport.one/) + +[Telegram](https://t.me/blocsport) + +[Medium](https://blocsport1.medium.com/) + +[JulPad](https://julpad.com/home) +In light of recent price movements, it can be difficult to remember how far we’ve come. While the price, of course, is still up considerably from this point last year, the cultural phenomenon of cryptocurrency is still at a peak. + +While temporary regulatory fears are troubling, they also reflect normalization of the asset class. People as a whole have come to recognize the potential of blockchain and how it’s decentralization clashes with our increasingly centralized world. + +One industry that was **shockingly quick to adopt blockchain and NFT’s was that of sports**. Long a conduit to the average person’s heartbeat, organizations that are designed to seek an edge (and one Dallas Mavericks owner in the Cubes) quickly saw the opportunity in cryptocurrency and have looked to understand it from merchandising to ticketing. + +The next development in this saga begins with **Blocsport, the natural evolution of blockchain in sports** after the massive successes of NBA TopShots and Fan Token Offerings. + +This starts through BlocSport’s ability to employ smart contracts that include a players ID, transfer value, transfer form, confirmation of player movements to and from academy/club, transfer terms and conditions, and electronic signatures of relevant parties. + +While this seems like a far reach, considering the many applications of blockchain from handling highly complex loans operating as a bank to upending the entire art market, **handling the transfer of Eden Hazard seems like child’s play.** + +You may be wondering, why would teams need this when they seem to handle transfers just fine? The short answer is that they don’t. + +For one, even big clubs can have trouble tracking down real information about the players that they sign. **From a player’s age to a player’s experience, forgeries happen and facts are misrepresented.** Having immutable information about every player the minute they come into contact with the blockchain would go a long way to securing this data. + +Paper contracts are also inconvenient, fallible, and take considerable time to process due to their lack of integration with electronic tools. **For smaller clubs that lack adequate legal resources, this can be a complete nightmare.** + +This extends into scouting as well. With the international nature of sports like baseball, basketball, and soccer, trading information about players can be a process lacking in trust. **Blocsport offers a permissioned system for clubs to trustlessly and reliably trade information.** + +Furthermore a decentralized database of players shared directly between sports clubs, a player can register through Blocsport and provide their information to several federations at once. + +Their **Blocsport ID can act as a player passport,** streamlining operations even further and revamping the entire winding web of sports infrastructure depending on several centralized sources into a clean, decentralized system that should **cut down on a wide range of needless costs.** + +**Going live on JulPad tomorrow,** **$BSC1 is going to absolutely explode both in the short-term from obvious interest and in the long-term from obvious utility.** By starting with a familiar NFT Marketplace but one that should have exclusive access to athletes, Blocsport is well-positioned to take advantage of trends in the market on its way to **being the next billion-dollar market cap token.** + +Check out JulPad below and make sure you **get a piece of this IDO before more public listings begin!** + +[Website](https://blocsport.one/) + +[Telegram](https://t.me/blocsport) + +[Medium](https://blocsport1.medium.com/) + +[JulPad](https://julpad.com/home) +&#x200B; + +[Spike of SI seen today morning](https://preview.redd.it/wn0tejepxk281.jpg?width=3433&format=pjpg&auto=webp&s=130e64cad5241cf5956cb33ba85f0900ef83996f) + +&#x200B; + +So, my morning ritual includes waking up, checking up on fav stonk before going about my day. Sufficient to say that I haven't been able to sit still since. I initially thought it was a glitch so I called up refinitiv support and asked them if they "glitch" and they assured me that if I saw it on the terminal, its true. My key take away from all of this was refinitiv will give a short squeeze score of 97 to a stock that's been shorted over its float. Really makes me wonder why I'm paying for this lol. + +&#x200B; + +P.S Thank you mods for giving me approval to post on here. I'm a low karma lurker and have been holding since Jan so really excited to be here! + +Edit1: I'm seeing 2 downvotes for every 1 upvote. Is that normal? Have I said something incorrect? Please let me know so I can make an official correction. + +Edit2: Thank you everyone for the discussion and the implications of what this means. But as I was reading through comments, the thing that I couldn't fathom was..this community has spent countless hours trying to determine what is happening here and have been for months. But for someone unfamiliar with all of this, for someone who truly believed that the short interest was 10%, the above screenshot and other screenshots indicating the SI has gone up 100% with no apparent price movement is horrifying. Who would be held accountable for something like that? It truly is sad that something like this can happen. + +Edit3: Based on a suggestion from the comments, adding my comment as an edit for better visibility: +so i've been using refinitiv for about a year now. and the way they work is, they give you a point of contact who will help you navigate the service, relay information between you and relevant departments and assist in debugging issues. for example, during the spac craze last year, they reported the lockup expiration periods incorrectly and i asked them about it since this could impact stock prices/trading strategies. they went ahead and admitted they had made a mistake and corrected it ( i only ever spoke to my point of contact). and i did the same today. reached out to my point of contact and he told me that everything looked fine. all of this isn't to say that the source refinitiv gets it's data from didn't glitch. but like you said, WHY NOW. +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/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) 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) +https://www.reddit.com/r/investing/comments/eusz3g/people_arent_fully_realizing_the_economic_impact/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +The comments are staggering. Amazing how wrong people were yet they seemed so sure and confident of their dead wrong opinion. Only OP had any common sense. + +Really cool to read posts from Jan2020-Feb2020 and realize how wrong the top comments are. Goes to show you that no matter how confident someone sounds, always question. +For me, I remember very clearly the first time the concept was introduced into my head. It was 1995 and I was 16 year old kid down on his luck and wondering where I was going to go with my life. I went to see the movie “Seven” and during that movie there is a moment where the profile of the killer is being described. One of the things they knew of the killer was that he must be “Independently Wealthy”. + +Independently Wealthy. + +For the rest of the movie I couldn’t stop thinking about that term. To have enough money to do… whatever you want all day. To have enough money you didn’t have to work. To have freedom. + +That was a turning point in my thinking and knowing I had a goal to achieve. My decisions since then have been influenced by that idea, with the goal of being “Independently Wealthy”. 23 years later I still remember sitting in that theatre and rolling it over and over in my head for the rest of the show, and really my entire life since then. + +When was your turning point? +I made it successfully for one entire week of not buying anything. + +It was enlightening. Heres the top 7 things I did NOT buy + +1. Number one thing i wanted to buy, but did not need, was.... ALCOHOL AT BARS. Approximate total that I would have spent was $36. I did make myself many mystery cocktails this week using what was in my bar at home. + +2: SNACKS. I used a few recipe sites to find out what I could make at home usong whats already in the cupboards. Turns out, it was A LOT. + +3: ice cream. I have a thrifted ice cream maker. I had eggs. I had sugar, milk, and just a smidge less cream than the recipe called for, but this is easily the best ice cream Ive ever made anyway. + +4: Uber rides. I walked. I realized most of my rides were under 2 miles. So i walked. I lost 2 lbs this week and saved about $30. + +5: cat toys. I spent an hour hot gluing the feather toys back together and my cats did not notice they were not new. + +6: laundry: i have a portable washer. I hung my clothes to dry. Laundry was free mc free all week. + +7: books and movies: HELLO LIBRARY!! + +ZERO ZERO ZERO DOLLARS. + +These are just the 7 things I repeatedly wanted to buy this week... but chose not to buy. + +A list of the nonrecurring items of thing I WANTED to buy is fucking stupid, but heres a sample: + +UV light for cat pee (just used my nose for free), a laser automatic cat toy (i got a laser on my keychain, and i am not that lazy), a swimsuit (still gonna buy this, but I will shop arpund for prices), a proper bread machine (i have one from a thrift store, but it only does 1 setting. I will check other thrift stores for a multi setting bread maker). + +I feel personally so gratified to see a gap in my online bank statement between july 18 and july 24th with zero debits. + +Try going 3 days without buying ANYTHING. Nothing. It just kind of forces you to re evaluate your stuff. + +Edit: i need better glasses, edited. Edit2: need to learn to format better but its fixed now. +My dad graduated with a finance degree right at the peak of the 2008 financial crisis. He has lived through, analyzed, and observed people getting wiped the fuck out. I’m currently 15 with a $5k robinhood account (all my money). I approach him with companies I think will do well all the time. The problem is, for every reason I state the investment will do well, he gives me 5 reasons the investment will go to shit. Sure he tells me “It’s your money do what you want” and “you need to be an independent thinker” and I agree, but deep down I feel compelled to listen to him cause you know, that’s my dad. Then I hop into Wallstreetbets and see people partaking in incomprehensibly retarded one DTE call options with huge profits, wishing that was me. Such a strange feeling. Does anyone else experience this? +Edit: My dad did not have me at 22. Both of my parents moved from Bulgaria, so they started their college education in their mid to late 20s +Edit 2: No, I am not related to Vlad Tenev +Edit 3: I am aware this is WSB, if I wanted actual financial advice I would’ve posted this in r/investing +**I’m not crying, you are.** + +Just caught the livestream where the Happy dev **doxxed himself** and then immediately donated **$20,000** to fund a bunch of kids to go to camp with other children like themselves who’ve lost parents.... As something I went through myself growing up, I know *exactly* how much a support group could have helped because there are few experiences as isolating as losing a pillar in your life. + +**If you didn’t catch it, check it out here**: [https://www.twitch.tv/videos/998388884](https://www.twitch.tv/videos/998388884) + +**Experience Camps** was the first donation for HappyCoin and it looks like a great one as they brought on nine members of their team in a **Zoom call** during the Twitch stream to watch the money roll in and celebrate its arrival. A truly moving moment for those of us who are looking for the bright side of the recent crash and are wondering about what the meme market means. + +When it allows for degens like us to *actually* make good in the world, it **truly** makes this bull run even more special as we *reinvent the cash games* we play to have purpose behind them. Currently rising with the **news hitting like a ton of bricks**, understand that the **$20M market cap value** this token currently holds is truly only the **beginning**. + +There hasn’t been another charity token with this much success this quickly, and with another **$20,000 going out the door next Friday**, HappyCoin will continue **changing lives**, on pace to **deliver $1,000,000 to mental health organizations by next year**. + +How sweet is that? + +But for our moonboys out there, *don’t fret*, there’s more than just heart here. There are a number of partnerships on the way, **potential CEX listing** right around the corner from what I can tell, and **influencer marketing** is only going to ramp up from here with the legitimacy of a verifiable charitable donation on record. + +**Don’t miss out** on what can be both a life-changing experience for you as well as those we help with the 5% reflection both aiding all **20,000 holders** (in less than a week) and the **3% charity wallet** simultaneously. + +So I’m going to keep cutting up my onions while you make the **happiest decision** of your life and get in on the absolute ground floor of a coin with a brand that has staying power. Don’t be surprised if you see your ***favourite celebrity*** or mainstream outlet reporting on this one next :) + +👉 [Website](https://www.thehappycoin.co/) + +👉 [Twitter](https://twitter.com/the_happy_coin) + +👉 [Instagram](https://www.instagram.com/the_happy_coin/) + +👉 [Telegram](https://t.me/happy_coinTG) + +👉 [Discord](http://www.discord.gg/happycoin) + +👉 [Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +👉 [Chart](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +https://www.cnbc.com/2019/06/24/bill-gates-why-microsoft-missed-mobile-and-let-android-get-ahead.html + +As MSFT continues to hit record highs, it really is interesting to ponder what it’d be like if they had successfully infiltrated the mobile market as well. +Hey y'all: + +For most of my career (the last 10 years or so) I've made around \~$80k/year, and so has my wife. I just got a new job making $165k/year, and so now our financial picture as a married couple looks a bit different and I'm wondering if now we should take the plunge and actually have a human directing our finances, because we're at an income level we weren't at before and we'll likely be putting significantly more money away for the future. + +We currently have around \~$100k in investments and savings, mostly in Vanguard via Roboadvisors like Betterment and Wealthfront. My wife also has a TSP through her employer. We've never gotten any financial advice from a human, really; we've just used roboadvisors, and we also use a tax preparation service each year (for convenience but also for some more complicated international tax stuff, since we live abroad full time for years at a time). + +I've always been wary of human financial services because of the high fees and the relatively small amounts we invest, thinking that any advice or services they could give us is unlikely to be worth more than what they charge, but today something caught my eye: we're now above the $188,000 limit for Roth IRA contributions. + +That got me thinking that now might be the time to switch to actually having a person looking over our various accounts, making sure we aren't breaking any rules, and making sure our money is doing the most it can for us. + +Thoughts? + +EDIT: Wow. I’m blown away by both the quantity and quality of the replies here. Thank you for all the advice. + +A few other bits of info: + +- Her TSP does match funds. My 401k doesn’t (womp womp). Based on this post and our much higher take home, our first order of business will be to max out contributions on both. + +- We’re both completely debt free. Paid cash for the car. No mortgage (yet). No student loans. We use one high perk travel credit card for all our expenses (except stuff that won’t take credit cards like rent and utilities) and pay it off in full every month. + +- We’ve been on the verge of buying property for years but have never gone all the way. Put in a few serious offers but never closed. Such is life in competitive real estate markets like SF Bay Area, DC, Chicago, etc. We’re considering buying in someplace cheaper but don’t want to lose our California residency because currently we’re exempt from CA state taxes and that’s thousands we save each year. + +- We work with a tax preparation service each year specifically for expats, because of the expat situation but also because sometimes I freelance, so sometimes my income is 1099. That only costs us around $600/year but has demonstrably saved us many thousands already, so high thumbs up for that (and for the Foreign Earned Income Exclusion). + +- As of this recent new job we’re both W2 employees with single employers living domestically with no property (yet) and no dependents (yet), so the tax situation will be a LOT simpler for 2020 and for the next few years. + +- It sounds like a meeting or two with a fee only, holistic/comprehensive financial planner might be good, just to get a bit of education and perspective, and then we can basically self-direct from there. I think that’s probably worth the sub-$1000 it would cost us. I’m intrigued by Facet Wealth, which charges $1200/year for what looks like a pretty comprehensive and modern service... +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! + +1. Avoid Emotions - Investing requires fact/fundamentals based logical and rational thinking, detached from emotions. + "If you cant control your emotions, you cant control your money" - Warren Buffet + +2. Circle of competence - Focus on areas you are passionate about and is within your domain of expertise, where you will have an advantage over the average person. + +3. Have a checklist/plan - One of the most important aspects of investing is to have some sort of strategy/checklist/plan whereby one can compare the investment prospects of various assets. +"No wise pilot, no matter how great his talent & experience, fails to use a checklist" - Charlie Munger + +4. Margin of Safety - Only buy things on discount to value due to temporary distress, giving an adequate margin of safety which can protect us from the uncertainty of the future and possibility of error in our calculation. + +5. Probabilities - Learn to think in probabilities and how to get the odds on your side. +"Heads I win, tails I don't lose" - Mohnish Pabrai + +6. Diversify appropriately - Diversify your funds across the appropriate investments within your circle of competence. + +7. Manage/Minimize Risk - Practice risk aversion and avoid taking dangerous, unnecessary risks in an attempt to maximize gains. Minimizing risk, is maximizing gains, because if you are protected from loss then making a gain is the only option (this is the true way of maximizing gains). +"Rule No. 1 of investing is to never lose money and Rule No. 2 is to never forget Rule No. 1" - Warren Buffet + +8. Ignore/Block Noise - Don't pay too much attention to social media influencers, forecasters, retail investors, hype and the regular fluctuations of the market. + +9. Mother Hawk - Monitor, sustain and maintain your portfolio like a mother hawk protecting her nest. Be diligent. + +10. Patience & Long-term Thinking - Be patient in your investment activities, it takes time. Also, think long-term and maintain a long-term vision to take the best advantage out of compound interest. + +Note: These are just 10 principles of the many principles in investing, they are not the only 10 principles to be followed. +To be absolutely clear, I'm not talking about the recent, day to day drama, or even the year to year drama of debt ceilings, and shutdowns. I'm not even talking about black swan events like covid or 9/11. I'm not even talking about massive events like the 2008 crash. What I'm asking is: is there a chance we are right now at or around the peak of growth? Is climate change a genuine threat to the whole system? Is actual collapse feasible? And can the market respond to these threats and continue to grow despite them? + BSC Token - 1 Million+ MCAP - 1400 Holders & Climbing + +🟣🟢🟠 Rewardeum Is Now Trending on Dextools at No. 6 🟠🟢🟣 + +&#x200B; + +🔸🔶 Marketing Updates 🔶🔸 + +&#x200B; + +✅ Coingecko Applied Sep 3! Expected listing: 6-7 Sept! + +&#x200B; + +✅ Currently trending #6 on Dextools with your support + +&#x200B; + +✅ Poocoin Ads Submitted and it's up and running for the next 4 days! + +&#x200B; + +✅ We just finished an AMA with Crypto Titans! 4th Sept 16:00 UTC This was a huge success and our chart shows it! + +&#x200B; + +🔥Near future plans: + +🔹 SatoshiStreetBets AMA: To be scheduled right after Coingecko listing. + +&#x200B; + +🔹Coinmarketcap Listing: To be applied after Coingecko listing + +&#x200B; + +🔹YouTube/influencers Video Reviews of Rewardeum! In-progress! + +&#x200B; + +🔹 Planned press releases from big names in reporting and finance + +&#x200B; + +🖥 Website: [https://rewardeum.com/](https://rewardeum.com/) + +📜 Smart Contract: + +0x5a68431398a6de785994441e206259702e259c5e + +📃 Whitepaper: [https://rewardeum.gitbook.io/rewardeum/](https://rewardeum.gitbook.io/rewardeum/) + +🔒 LP locked + +🔒 Audit: [https://rewardeum.gitbook.io/rewardeum/audit](https://rewardeum.gitbook.io/rewardeum/audit) + +Join socials to keep informed! + +🌐 Telegram: [https://t.me/rewardeum](https://t.me/rewardeum) + +🌐 Twitter: u/Rewardeum +***EDIT: TLDR: My OG post was partially incorrect in that rule 41 relates to the NSCC itself defaulting and not member \[Hedge funds et al\]*** + +***Thanks u/***[***diegostewie***](https://www.reddit.com/user/diegostewie/) ***for correcting some of this post and resolving this ape's troubles! COUNTER TO MY COUNTER DD IS THE FOLLOWING. OG POST UNDER the Hyphons.*** + +\*"\****With regards to your mention of NSCC Rule 41 Section 3(a)(i), I think you're misunderstanding what is applies to. The entirety of Rule 41 pertains to the default of the NSCC itself, not the members. Let me explain why this is the case.*** + +*Basically everything in this rule refers to a "Corporation Default", which is defined in Rule 41 Section 2(a) - in ta;dr form, a Corporation Default occurs when the Corporation either fails to cough up a payment to a member 7 days after giving notice of said failure, or if the Corporation dissolves, becomes insolvent, files for bankruptcy, etc etc etc. "Corporation" also has a specific meaning - Rule 1 defines it very clearly, so I'll quote it verbatim here:* + +>*The term “Corporation” means National Securities Clearing Corporation.* + +*So, a Corporation Default refers to a default of the entire, whole-ass NSCC, not it's members. With this in mind, Rule 41 Section 3(a)(i) can be understood to say that when the NSCC defaults, the positions of it's members will be valued at the market value at the end of the day after the NSCC defaulted.* + +*Just to be clear here - it would take a real hell of a lot to make the NSCC default. These guys are a part of the DTCC, the world's largest company providing financial services. We're talking about the whole backbone of the stock market going under here. Even GME is very unlikely to have the power to take them out. So, it's unlikely that this scenario will kick in. It's much more likely that a few of the NSCC's members will default, though - lookin' at you, Kenny.* + +*So what happens in that case? Look no further than Rule 4 Section 4 for that. To summarize the relevant parts, what the NSCC does in the event of a member default, is tally up their losses incurred as part of that default, menacingly walk up to the member with the tally and go "hey - cough up". If the member decides to be a stubborn little shit and not cover their losses, then the NSCC moves on to Rule 4 Section 3 - liquidation. The NSCC will forcibly liquidate as much of the member's cleared assets as they like, until they're satisfied with the cash they've gotten from it.* + +*Hope that clears things up a bit. And, for the usual disclaimer - I am not a lawyer, nor a financial advisor; you're the dumbass if you get burnt for construing what I say here as such, not me. Please do your own DD, and don't believe what I've written here blindly - this is all based on my own research and my findings may be incredibly incorrect.* + +***TL;DR:*** + +>*Will rules 13 and 41 mean that there whilst not being a theoretical ceiling, proscribe a de facto one?* + +*Very unlikely, since* **those rules (particularly 41) talk about what happens when the NSCC goes under, not Kenny. You'll get your tendies soon enough, young one.** + +*Made by a user from discord that asked me to post this here, because she doesnt have an old enough account! (* [*/u/astra\_2924*](https://www.reddit.com/u/astra_2924/)*)"* + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +If anyone thinks this is wrong and the OG post is right let me know but it looks pretty good to me! + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +**EDIT EDIT: Countering Opinion to Diego's Countering Opinion:** + +credit: u/sirburgundy + +*"That doesn"t answer the liquidity question and doesn"t answer what happens when the liquidated position isn't enough to cover the losses. The whole point is Citadel can"t cover their losses. Even if you liquidate their entire 300 B assets position it will not be enough to pay for the shares. So what happens then ? Especially with the new rules talked about in these DD :*[*https://www.reddit.com/r/Superstonk/comments/mkvgew/why\_are\_we\_trading\_sideways\_why\_is\_the\_borrow/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[*https://www.reddit.com/r/GME/comments/mnczc2/possible\_massive\_securities\_fraud/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf*](https://www.reddit.com/r/GME/comments/mnczc2/possible_massive_securities_fraud/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +*Really don't see how your post answers OP's* **\[See bottom of post\]** *questions.* ***The whole point of the 1M price share is saying the MMs and Clearing House and DTCC will foot the bill after Citadel and Short HFs default. How is pointing rule 4 Section 3 that theyll liquidate answer that ? We know theyll liquidate, but what about after ?*** *With 300 M shares, and 300 B from Citadel liquidated assets, that caps the share price at 1k. What happens after ? The Rule 13 and 41 ceiling is de facto much higher than the one where the NSCC doesn"t default. Your answer to his "FUD" DD is basically dont worry about that ceiling because itll go much lower. How does that answer anything and how does it get 500 votes with no one asking this question, am I a complete idiot for pointing out the payout is lower if NSCC doesnt default than if it does ?* + +***tl ; dr : pointing out the price won't be capped by NSCC default because it won't go high enough to happen isn't counter-counter DD, it's just extra FUD and worse than what the original OP says."*** + +\------------------------------------------------------------------------------------------------------------------------------------------- + +u/ Stangesort here: Personally i don't think Diego was FUD and on the point that i misinterpreted rule 41 he's bang on. But maybe sirburgundy has a point that DDs that reach uber high amounts implicitly predict the NSCC defaulting in which case they may need to factor in rule 41 into their calculations, just not in the way i said in my OG post. + +**FINAL EDIT FOR BALANCED ARGUMENT: However** u/Broviet states: *"The NSCC will not default. Citadel is far from the only short player in this trade, and they're on the lower end of the food chain. Geometric mean for 1mil/share will cost them right around a trillion. Higher than that, if we start playing at the default level, then we're in uncharted territory. But I find it mind-boggling that anyone would think that the NSCC can't scrounge up a trillion between all the shorts involved. This rule, IMHO, is a hedge against finding out what happens if apes push further.* + +***To answer questions 1 and 2 \[see below\], ask yourself what's most important for market continuity during any event. The DTCC's insurance payout process and how it relates to actual trading couldn't be structured in such a way that it would interrupt proper market mechanics, especially the REST of the market! And if a situation arises that forces a divide between trades and their ability to settle them, they'll be forced to deal with that divide.*** *One possible solution being a simple change to sale/settlement windows so that retail can sell but not withdraw until the DTCC's insurance clears.* + +***There are a myriad of ways the DTCC could handle this while maintaining the sanctity of the market. Don't forget, if you default the NSCC, you halt EVERYONE'S market, not just apes'. That rule is there as a killswitch for the worst case scenario as American/global retail faith is destroyed forever.*** + +*Don't forget, optics are everything. Public sentiment is everything. It's one thing to see a crash happening in a functional market and not know why, consider closing positions, etc. It's another entirely to see the music stop right before your eyes and all they have to say for themselves is "Ah shit, sorry yall, we fucked up. You're gonna have to take this L for us though, we don't want it."* ***If they can make new rules in their favor, they can change others in ours, and they WILL if it means it keeps the music going.*** + +[*/u/strange-sort*](https://www.reddit.com/u/strange-sort/) *Thanks for posting my other one, but this one is much more important, imo."* + +\-------------------------------------------------------------------------------------------------------------------------------------- + +u/Strangesort here: which if correct supposes it could go over $1m. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +**OG post Below:** + +&#x200B; + +I'm probably risking my karma for this but while i am invested in the stock and believe it could increase in a squeeze by a high multiple here is my tenuous counter DD/ opinion about why i think $1 million a share is practically unlikely. + +For reference i want to be wrong and be a multi-millionaire so if i am off the mark by all means explain how I am wrong saying GME investors have the potential to be merely filthy rich 10x, 100x, 1000x rather than have ALL the money and telephone number bank balances. Many of these points i wanted to know more/ be corrected two weeks ago and i still am unsure on them so believe they still stand. Back then I got quite frustrated so I looked up DTCC rules and came to the following conclusions. I had read a lot of DD but wanted to know very loosely what the procedural mechanism for potential payouts \[via brokers\] would be in a MOASS scenario, the following two rules i thought were the most relevant. This is going to be a compilation of some of my comments of sorts. I am not an expert or trained professional and this is not advice/ a prediction rather my own interpretation of the rules i found and so If the new rules have made these obsolete or i am wrong i would genuinely be interested to know. + +&#x200B; + +**1) DTCC Procedure- boring stuff is important** + +[https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwit4MvZ7vDvAhWnhf0HHVCGB9UQFjAAegQIAxAD&url=https%3A%2F%2Fwww.dtcc.com%2F\~%2Fmedia%2FFiles%2FDownloads%2Flegal%2Frules%2Fnscc\_rules.pdf&usg=AOvVaw0avQW3P4BRlgzpomtYOld0](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwit4MvZ7vDvAhWnhf0HHVCGB9UQFjAAegQIAxAD&url=https%3A%2F%2Fwww.dtcc.com%2F~%2Fmedia%2FFiles%2FDownloads%2Flegal%2Frules%2Fnscc_rules.pdf&usg=AOvVaw0avQW3P4BRlgzpomtYOld0) + +under DTCC payout rules" it says this: + +**RULE 13. EXCEPTION PROCESSING:** + +*"Notwithstanding any provisions in these Rules and Procedures to the contrary, in the event that a security may not otherwise be eligible for processing through the CNS, Balance Order or other system, the Corporation, in its sole discretion, may adopt, from time to time, procedures deemed appropriate for the processing of such security. Any such procedures shall be promptly communicated to Members by the Corporation and the Members shall be bound by the procedures set forth in such notice as fully as though such procedures were now a part of the Rules and Procedures of the Corporation. Each such notice shall be effective only for the security covered therein..."* + +**DTCC RULE 41: SEC 3 Valuation of Claims a) i):** + +*"The Corporation shall value all CNS Positions by using the* ***Current Market Price, as determined for the CNS System, as of the close of business on the next Business Day immediately following the Default Date***\*, so that each Member shall have the same per share price for a given security in which it had an open CNS Position (the resulting value referred to as the “CNS Market Value”)"\* + +basic predication: Default. Circuit breaker. 24 hours CMP/ CNSMV settles during circuit breaker. Re-Hypothecation unwinds partially. Another default. Rinse Repeat until float sizes down to manageable size and people stop defaulting. Meanwhile MMs & brokers do as the DTCC says as per rule 13. + +So what that says to me (correct me if im wrong) is not that the DTCC takes on the defaulters short so you can gouge them for $30m a share but that (and im assuming a price increase enough to bankrupt a HF would cause a pause in trading once the share rises to a certain level), it is nuanced, but the DTCC is there to resolve the short position not take the place of the shorter in the market. There is essentially a 24 hr window after the default in which the price moons, but would likely cause multiple freezes during that day due to massive price volatility. By that point, most likely during suspension, the current market price as per rule 41 is baked in, therefore the rehypothecation of the particular shares of the defaulter is closed by a de facto finite amount at a set market rate. Rinse and repeat this process for however long and for every defaulter likely causing multiple suspensions until the float becomes a workable (legal) size and stabilises/ people stop defaulting. Therefore the de facto max for the shares is finite as suspensions kick in when the price rises a certain % at set time intervals (this isnt FUD, im still thinking there's potentially a disgusting amount of money potentially to be made). + +&#x200B; + +**2) Liquidity- wheres my god damn money?** + +My ELI5 explanation of Re-Hypothecation, is that shorter could buy a share from somewhere else in good faith to cover but in turn the seller of that share may have bought the share from the original person who shorted the share in the 1st place via a load of middle men who in turn need to find shares from other middlemen leading to a re-hypothecation mess, the severity of which depends on how many share holders want to recall their shares which is guessable but not knowable. Whilst plausible that it will cause a rise in price perhaps you can't guarantee its going to be the Catalyst of MOASS as every shareholder has the agency to decide if they want to vote or not for whatever reason and no-body has mind-control. But being bullish i have previously said that a heightened share rebound has happened at varying degrees every April following the March results since 2014; if you look at yahoo charts it is borne out. This imo is probably due to closure of shorts due to recalls so here we go: + +In the even the recall does start MOASS hypothetically as the price rises and shares become scarcer the trade will require more liquidity as Kelleher from the latest congress hearing stated in his written testimony [https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf](https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf): + +*"Consider the systemic consequences, for example, if the hedge fund Melvin Capital Management (“MCM”) were unable to obtain emergency funds and/or had to close out and/or cover all its GameStop and other short positions—or had to simply default on some of those positions. In all likelihood, the* ***resulting redemptions, fire sales, and knock-on liquidity demands*** *might have amplified the Robinhood disruptions and financial constraints, encouraged NSCC to take more drastic actions* (**Rule 13?**) *or hold the line on the initial $3 billion margin call (later reduced on a discretionary basis), changed the risk tolerance of investors that injected billions into Robinhood and MCM, and perhaps ignited or failed to limit a broader systemic panic. This extreme but plausible scenario brings to mind the apparently forgotten lessons of Long-Term Capital Management."* + +So whilst Elliot waves and $2m get banded around, in practice the liquidity needs to exist to support the theories in DDs into actually materialising as cash in your wallet. You may say well the DTCC and/or their insurers will cover, but this is without precedence. How liquid would the act of payment from the DTCC or insurers be to 1- individual broker and 2- from brokers to you? I dont know how any one broker will attempt to handle a severe scenario, will it just be a simple click of a button at $2m, 200k, 2k etc? Will the money be credited to my brokerage account and ~~instantly~~ withdraw-able to my bank acct in normal time? I DO NOT KNOW. my point being i think this is going to be a fun ride but it ain't going to be an easy sure bet you are going to need those diamond hands. + +&#x200B; + +**3) Concluding Questions:** + +i would want to know from the wise ~~men~~ people of the subreddit who know infinitely more than I: + +1. More about the exact process of payouts to retail investors, how liquid and fast DTCC insurance is if it gets engaged in the payout process +2. how it will interact with most brokerages +3. If there has been illegal activity/ price manipulation on the short side would it really be against the rules to freeze GME on the NYSE until the Re-Hypothecation is unwound? +4. Will rules 13 and 41 mean that there whilst not being a theoretical ceiling, proscribe a de facto one? + +if shareholders are really are going to become millionaires off single shares is it really much of an ask to at least figure this stuff out to a tee? Anyhow reddit god have mercy on my karma. + +&#x200B; + +OG **TLDR for Harambe:** + +**I WAS WRONG ABOUT:** *The DTCC will pay out a determined market rate for each defaulter as per rule 41. That is the market value of the stock 24 hours after default (known as CNS), whatever that price is and it'll be high in the case of defaults. This will re-occur every time another default happens with the price increasing in between.* + +**EDIT: Instead 41 only applies if the NSCC itself defaults i have no idea what share price would be required to bankrupt the entire NSCC and trigger rule 41.** + +**Due to liquidity issues id expect pauses in trading which could affect the CNS?** + +&#x200B; + +\*Edits for Grammar + +\*Edit removing "wise men" for wise people- Deadpool 2 reminding me to check my in built biases and correct this saying shorthand. Also sorry, i am aware this post reads like crap still. +[Source](https://finance.yahoo.com/news/u-near-deal-nvidia-supercomputer-190754396.html?.tsrc=rss): + +>The U.S. Department of Energy is nearing a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc as a key lab waits for a larger supercomputer from Intel Corp that has been delayed for months, two people familiar with the matter told Reuters. + +>The Nvidia and AMD machine, to be called Polaris, will not be a replacement for the Intel-based Aurora machine slated for the Argonne National Lab near Chicago, which was poised to be the nation's fastest computer when announced in 2019. + +>Instead, Polaris, which will come online this year, will be a test machine for Argonne to start readying its software for the Intel machine, the people familiar with the matter said. + +A more technical breakdown can be found from the [DOE's lab's website](https://www.anl.gov/article/us-department-of-energys-argonne-national-laboratory-and-hewlett-packard-enterprise-prepare-for). + +To be clear, the Intel deal is merely delayed, but not canceled. How does this change the narrative of Nvda/AMD versus Intel in the high-end server and super computer space? Are these kind of delays very common? I.E It's not a big deal. + +Or did Intel just messed up a very visible and prestigious deal that will accelerate nvda/amd's surge to capture Intel market share? + +*edited to add* [Tom's Hardware](https://www.tomshardware.com/news/nvidia-amd-polaris-supercomputer-department-of-energy) also interpreted the DOE's purchase of the Nvidia-AMD machine as being caused by Intel's delay. +DATAMETREX +DM(TSXV) DTMXF (OTC) D4G (FSE) +Conducts business in: CYBER SECURITY/AI TECH/COVID TESTING/CRYPTO-BLOCKCHAIN/TELEHEALTH +Business locations: Toronto/Montreal/Vancouver/Seoul and ties with Germany +---------------------------------------------------------------------- +As of June 30, 2020: +Outstanding share 259,016,361 +Options 25,900,000 +Warrants 6,044,000 +Fully diluted 290,960,361 +MARKET CAP 290,960,361 x 0.305 (FEB 23, 2021 closing price) = $88,742,910 +------------------------------------------------------------------------ +Financials: +2020 Q1 – January to March +System licensing 326,241 + system integration 483,161 +TOTAL REVENUE: 809,402 +2020 Q2 – April to June +System licensing 391,362 + system integration 187,961 + covid kit/test 1,375,071 +TOTAL REVENUE: 1,954,394 +2020 Q3 – July to September +AI Tech 2,526,686 + covid kit/test 2,324,206 + other 11,433 +TOTAL REVENUE: 4,862,325 + +362,000 profit in Q3 with 1,400,000 in cash and 2,000,000 in receivables + +(Revenue of 7.6m in 9 months with over 4.8m from Q3 alone. Represents more than 50% of the total 9 month revenues from Q3 alone) + + +Selfnote: Q4 has potential to set off the rocketship to the moon +------------------------------------------------------------------------------ +SECURITY TECH: Nexalogy (Cyber Security + Health Security) and AI Tech +Many different branches providing different tech driven support including: +NexaSecurity/NexaIntelligence/NexaAgent/NexaSMART + +Where has this technology been deployed? +NATO deployed NexaSecurity in Operation Trident Juncture +NexaSecurity was deployed in Parliament Hill, Ottawa on Canadas 150th birthday +NATO deployed NexaSecurity to control disinformation when the Helge Ingstad sunk +Five Eyes (FVEY) deployed NexaSecurity during CUE18 +Nexalogy was deployed to collect data to prevent disinformation during the SNC-Lavalin affair +Nexalogy was deployed to prevent fake news during the Energy East Pipeline proposal +Nexalogy Cyber filtration was deployed by Democracy Labs during SeeSay2020 +Datametrex working with US government agencies on covid19 +Second contract with US Air Force WSARC. Gunter stated this is a renewable business due to their valued tech. +R&amp;D for the Department of National Defence’s IDEaS program. $217,000 for completion. +Sales agreement contract with 7-11 for Robotic Process Automation +2 AI Contracts yielding revenues of 150,000 total. ABL Life Insurance and Seoul International Airport (IIAC) (Revenue should impact Q4 of 2020) + +Self note: These contracts or agreements do not yield too much revenue but the partnerships contain some high profile government organizations. +------------------------------------------------------------------- +COVID TESTING +Datametrix deploys new AI Non-contact Temperature Assessment Device – MiCovid Cam Temperature Scanner. Features include: AI Thermal Detector/Facial Recognition/Non-contact procedure. Deployed to COVID 19 testing customers. +Vancouver laboratory capable of 10,000 tests per week and can expand further. +On December 17, Datametrex provided covid kits to 17 film production companies yielding approximately 6,000 tests per week and expects that number to increase significantly. +Datametrex’s 1copy Covid19 qPCR Multi Kit is capable of detecting the new UK variant (B.1.1.7) +Datametrex selected as one of Air Canada’s covid testing partners. Testing employees on the front line and in-flight on a “As needed basis.” +Provides concierge covid 19 testing service in Toronto and Vancouver. Available to individuals, groups, companies, organization. The idea came from famous actors on set wanting to be tested in the comfort of their own home instead. +23,000 covid kits sold to film production companies between October and December yielding approximately 4,000,000 in revenue (should impact Q4 2020). This goes towards their “$20,000,000 over 28 weeks” revenue model that was set on Oct 27, 2020. There is no assurance this will be met. (First film production contract began in Aug 26, 2020) +Secured exclusive and non-exclusive rights with WIZCHEM CO. based in South Korea. WIZCHEM CO. is FDA EUA CE GMP certified. They manufacture COVICHECK SALIVA DNA/RNA tests. Datametrex filed Health Canada and Saudi Food and Drug Authority paperwork and is waiting for approval. Exclusive rights include Canada and Saudi Arabia. Non-exclusive rights include US, UK, and the European Union. +Datametrex has a long term contract with a Canadian mining company dating back to May 15, 2020. +Sale on May 15, 2020 of $500,000//June 24, 2020 of $500,000//September 6, 2020 of $1,600,000//Feb 1, 2021 of $250,000 (Total: $2,850,000) +Their website currently offers 8 different covid test with different sorts of approvals for different countries. + +selfnote: Q4 revenue could potentially be monstrous. How much profit do they make though? +---------------------------------------------------------------- +CRYPTO AND BLOCKCHAIN +Datametrex owns 25% of Graph Blockchain $GBLC +Wholly owned subsidiary Ronin Blockchain mining platform to be reactivated. Spin off and raising funds. +TELEHEALTH +Acquisition of Concierge Medical for $750,000 (4,411,764 common shares @ 0.17) plans to launch telehealth services. +Selfnote: not much going on here… +---------------------------------------------------------------- +ADDITIONAL STUFF +Datametrex has signed NUMEROUS contracts with LOTTE for tech services and maintenance. They have signed so many I got a headache trying to find when the first one was. The former LOTTE Executive was hired to Datametrex’s Sales Team. +​ +June 25, 2019 $1,000,000//January 20, 2020 $600,000//April 13, 2020 $250,000//Aug 13, 2020 $2,300,000//Aug 20, 2020 $250,000//Jan 20, 2021 $500,000 (this is all I could find, orders go longer than June 25, 2019 I assume) +Total: $4,900,000 in continuous revenue from LOTTE. +If you don’t know how big LOTTE is, let me tell you. Lotte consists of over 90 business units employing 60,000 people. LOTTE is in industries such as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment. They have businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, USA, UK, Kazakhstan, Russia, Phillippines, Myanmar, Pakistan, Poland, Australia, and New Zealand. HOLY FUCKING HELL LOTTE IS BIG. +Contract was also signed with Hyosung Corp on April 13, 2020 for $120,000 +Clients include: FORD, Telefilm Canada, LOTTE, NURUN, IDEaS, CPA, YellowPages +-------------------------------------------------------------- +MY TAKE ON THIS: +How can you not like this company.. they have contracts with NATO, US Government, US Military, Canadian government, FVEY, 7-11, Seoul International Airport and LOTTE just to name a few. Keep in mind that LOTTE is keeping Datametrex fed. Covid revenues from film production and the mining company is keeping Datametrex fed. Their crypto and telehealth section is literally there for fun. The company can suffice without these. Datametrex doesn’t only offer covid test kits, they offer a state of the art temperature scanner as well. Kit sales and testing is expected to increase significantly. I love CBDT but Datametrex TAKES THE CAKE! Datametrex’s wheels are in motion as we speak whereas CBDT still has an uncertain future but they do have a powerful team and affiliates. With a market cap of only 88.7m and cbdt being 600m.. this is truly a gem worth watching. I keep saying everything is undervalued but does this not seem undervalued to you? The connection and reach this company has is priceless. Great CEO Marshal Gunter. I will no matter what hold CBDT because there is a clear vision for strong revenue performance. Datametrex does not flaunt. Datametrex uses numbers to speak. Buy some Datametrex would be my suggestion but ALWAYS DO YOUR OWN DUE DILLIGENCE. +FYI. +23,000 kits sold from Oct to Dec = $4,000,000 +Order from mining company = $1,600,000 +2 AI contracts = $150,000 +TOTAL 5,750,000 revenue at the least for Q4. Q3 revenue was $4,800,000. +Q4 has yet to be released. + +https://www.reddit.com/r/Datametrex/ +JOIN DATAMETREX ON REDDIT! +r/povertyfinance is truly where it's at. Anyone who gives me advice here - I know has considered themselves 'poor' or 'broke' at one point in their life. I seriously feel like Personalfinance and Credit are helpful boards for \*reading\* the advice but not actually posting or engaging within the communities. Both are those boards are filled with people who at one point had access to additional resources to get them out of a tight spot -- whether that be capital or family assistance. Hence why I feel like boomers flock to those boards. Often times I noticed the users offering advice rarely understand intersectionality and are sometimes tone deaf to the OP. The overall experience of being 'broke' is different for different types of people. A lot of the advice in those boards is condescending as well. + +Edit: I know all boomers aren't rich. I'm speaking on the ones that are and constantly give poor folk repetitive and bad advice. +Wanted to say thanks to everybody for your advice and for your recommendations and such. + +I’m heavy in QYLD, HIPS, and SPHD +Rest spread through JEPI, OXSQ, PSEC, O, MAIN, ARCC, and PFLT + +Edit: Total Dividend Portflio: $12K USD + +I’m pretty content considering the first stock I ever bought was in May of 2020! + +NEXT STOP $250 (enough to pay rent in many of the tropical locations I’ll be!) +In the process of getting a HELOC. Good credit, high income, ~45% equity in the house. Should be a no brainer. + +Underwriter keeps kicking back my application because the gross income reported by my company is about $10K higher than my taxable income on my W2. + +This is entirely because of pre-tax deductions for health insurance premiums and HSA contributions. + +The keep getting hung up on this "discrepancy" and asking me if maybe I got a second W2 from my work that shows "the rest" of my income. I'm like "it's right there in Boxes 12c and 14 of my W2, don't you know how these things work? You're a **** bank for crying out loud." + +Grrrrrr....... + +EDIT: The escalation from the manager was rejected. I sent them a very politely worded nasty letter saying their underwriting department was costing them business by blindly implementing bad guidelines and am moving on. +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! + +Good day, Apes! + +I have done deep digging into how many GME shares really exist, and the results may leave you speechless. + +Note: This is not financial advice. + +Note #2: I've decided to utilize data from DRS Bot to assist in deriving the total number of existing GME shares. + +Firstly, about DRS Bot: + +DRS Bot was an ingenious idea created by u/Roid_Rage_Smurf to record shares from Apes' DRS posts on Superstonk (et. al). + +DRS Bot has many safeguards that ensure the data captured is legitimate. Here are some critical points on DRS Bot that u/Roid_Rage_Smurf has pointed out in the past: + +"-DRSBOT rolls a random number on every entry. That's the YOU WIN A VISIT reply. + +\-DRSBOT requires a witness when a user crosses 4 entries. + +\-DRSBOT requires a witness when a user tries to enter more than \[redacted\] shares. + +\-DRSBOT stops apes from entering in duplicate posts in parallel subs. + +\-DRSBOT compartmentalizes ALL sub entries... so if (for example) \[GMEOrphans\] gets too sus, we can easily jettison/ignore the data and continue. + +\-Witnesses belong to a private (Reddit) chat group. They are constantly trading messages, information, etc with each other... + +\-In \[GMEOrphans\], a Witness is required for EVERY DRSBOT entry. + +\-When a witness is required, DRSBOT rolls out an automatic "Background Check" (reading public profile information... (Edit: !DRSBOT:HELP! call won't work here because of the flair... but you'll see a background check pop up on a witness post). + +Stats apes have sifted through the distributions and have verified that it's pretty hard to fake the dispersion." + +Moreover, the only way any shill could tamper with DRS bot is if they report a very low # of shares (e.g. DRSing 1 or 2 shares), because if the number is too high (e.g. 500), the bot will flag the post and require Apes to verify its authenticity before it gets approved and recorded. + +So, if there's actually a few shills trying to tamper with DRS bot, at best they can only do so by bringing down the total average # of shares/Ape. (This means that the real average would be higher, which is good for us Apes utilizing the results from DRS Bot, so that we don’t overstate the analysis). Even then, Apes are always ready to spot a fake post and flood the DMs of the witnesses. I've checked a majority of DRS posts on Superstonk and from the only minuscule # of fakes I’ve seen within these past 2 months, none were able to get past DRS bot. + +With that being said, these are DRS Bot's most recent results at the time of capturing this: + +https://preview.redd.it/3h4nr9ksqk081.png?width=615&format=png&auto=webp&s=bb0113119c49fa2a083c910160e54773834b5a28 + +&#x200B; + +&#x200B; + +\[**There are officially 76.49M outstanding shares for GME**\]([https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding)) + +DRS Bot recorded 772,448 shares. This means that over 1% of Outstanding GME shares were recorded by DRS Bot. This is an exceptionally significant number of shares in the hands of an adequately large sample size that we can use to ascertain the real total number of existing GME shares. How can we do that without knowing the total # of shareholders, you ask? Well, I will be digging into a rather controversial topic in this sub to extrapolate this critical variable. Whether or not you agree with me on this, I believe this information is essential to deriving an approximation for how many GME shares exist overall: + +For many reasons, \[also discussed in u/Criand's past DD\] ([https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/)), αmc & GME move very similarly. Moreover, both have an exceptionally large & dedicated group of Apes that hold both stonks. Considering, however, that this all started with GME, it would be reasonable to infer that there's a larger community for GME. + +That being said, take this into note: + +In late April, αmc Apes were informed by CEO Adam Aron that there were 3.2 million Apes within the U.S & Canada alone. + +In early June, they were informed that the numbers were 4.1 million Apes (worldwide). \[The data was recorded on June 2nd and released on June 9th\]([https://twitter.com/ceoadam/status/1402723600398946306?s=21](https://twitter.com/ceoadam/status/1402723600398946306?s=21)) + +Since this was the number of Apes for αmc, and since both stocks are similar in many respects to the Ape community, we can deduce that in June, there were 'at least' 4.1 million GME Apes (highly likely the number was floating around 5 million). + +This was almost half a year ago, mind you. There has been significant and consistent growth every week since then, within this sub, social media platforms, etc. I can't use June data in my analysis, as it would be considered obsolete. Furthermore, I am confident that the real number has increased substantially since then. + +This is the growth in members Superstonk has had since its inception: + +&#x200B; + +[Consistent organic growth from new Apes as of June-forward](https://preview.redd.it/ka2aihvcik081.png?width=879&format=png&auto=webp&s=265bb5ebe625fbbaab4b71b7a0f504c8d125eaff) + +Superstonk had about 400,000 members in the beginning of June. As of today, it has approx. 690,000. That's an over 70% increase from when 4.1 million Apes were recorded. If we were to apply these percentages to the 4.1 million, we'd come out to 6.97 million Apes. We could say that half of those new users were a combination of shills, alt accounts, etc.; however, that would still leave us with approx. 5.5 million Apes, up 1.4 million from June, which would be a conservative estimation for growth within 6 months. + +I honestly believe there's way more than 5.5 million GME Apes worldwide (e.g. in Hong Kong alone, there were 900,000 GME Apes trying to vote 6 months ago, just to give you a perspective of the numbers we are dealing with), but let's work with 5.5 million, as a conservative approximation is favored to ensure the results aren't overstated. + +With that, here are the variables and findings: + +\[Please Note: Although DRS Bot recorded 160 shares per Ape as the average, to increase my Confidence Interval for the floor average, I will assume that, as the sample size increases over time, there will be a slow decrease in the average and consolidation around 150 shares per Ape. However, I will use an average of 140 shares per Ape, because I would like a lower limit to ensure that I don't overstate the estimate. Hence, variable x̄ will be approximately 140 shares per Ape, instead of 160\]. + +Sample Size: 5,301 retail investors + +Legally issued shares = 76.49 million + +s= shares + +SH = shareholders + +δ= existing GME shares + +\----------------------------------- + +s= 772,448 + +SH=5.5 million + +x̄≈140 shares per Ape  + +\----------------------------------- + +x̄(ΣSH) ⇒ 140(5.5 million)≈770 million GME shares. + +δ≈770 million GME shares + +δ/Legally Issued Shares ⇒ 770 million/76.49 million ≈ 1,007% outstanding shares. Approx. 693.5 million GME shares are synthetics + +&#x200B; + +**∴ There exists 770 million GME shares, approximately 1,007% the number of legally issued shares. Q.E.D.** + +Now, what does this entail? Firstly, can we just point out that a handful of Apes (a little over 5,000 Apes) have 1% of the Outstanding GME shares? A little over 5,000... out of a pool of over 5 MILLION. + +If this doesn't demonstrate how utterly screwed SHFs are, I don't know what does. This is why a GME price in the millions is more than possible. From a mathematical standpoint, 90% of holders could paper hand during the MOASS, but because SHFs need to cover ALL their shares, after all the paper hands are gone, they'll still need to continue covering and be left with only Diamond Hand Apes that refuse to sell no matter what. That would cause SHFs needing to keep raising the price up ($500,000 to $700,000 to $1.5 million to $3 million, etc.) until the final millions of shares left have been covered. This, and the geometric mean, prove that the price of GME not only can indeed exceed millions per share, but that it is very likely to do so in the event of covering. + +Logically speaking, this makes a lot of sense. The 100x GME had from $4 to $400 was purely FOMO. As we found out from the SEC Report, the January run up was neither a short nor gamma squeeze, but pure FOMO induced behavior from retail that was about to break SHFs into actually covering until they colluded against retail on January 28th. In doing so, however, all they did was kick the can while creating an even bigger black hole to suck out all their money in the end. Maybe they did it to buy them time to destroy evidence and send money to offshore tax havens for a planned post-MOASS escape, but I digress. + +Now, to ensure we have hard scientific proof of synthetic shares, we can obtain an extreme conservative estimate utilizing the Pareto Principle, which would translate to 20% of Apes are doing 80% of the work. This would help give us a grounded conservative limit. + +Let's say that the data from Superstonk is only representative of 20% of the 5.5 million Ape population. So, the 140 average share per Ape is only applicable to 20% of the 5.5 million Apes. And, to make the numbers the most extremely conservative as possible to find the lowest possible number of shares out there, let's say that 80% of Apes only hold 1 share. + +Yes, you heard that right. Let's say that 80% of the 5.5 million Apes (4.4 million) only have 1 GME share. We know that this would be ludicrous and completely unrealistic, but for the sake of finding a floor and extreme conservative estimate, say that only 20% of Apes hold an average of 140 GME shares, and the other 80% only hold 1 share each. + +That would come out to: + +\[(5.5 million)(.8)+(5.5 million)(.2)(140)\] + +⇒(4.4 million)+(154 million) ≈ 158.4 million GME shares + +**An extreme conservative estimate of 158.4 million shares, still approx. 207% the number of legally issued shares. Hard scientific proof that synthetic shares exist.** + +Some skeptics may claim that the data extrapolated from DRS Bot is subject to sample selection bias, and as such, may opt to take the conservative estimate using the Pareto Principle as the real number of shares; however, I have 2 reasons as to why sample selection bias has been negated: + +1. The common Ape is engaged in their respective GME-related communities, and, therefore, would participate in community activities, such as DRSing their shares, and reporting their shares to the DRS Bot. Hence, we can say that DRS Bot did a great job at extracting data from the average GME investor. +2. The data extracted from DRS Bot doesn't include institutional investors, which hold hundreds of thousands-to-millions of shares each. The institutional outlier would easily cancel out any opposing outliers that may lower the average (i.e. x holders refusing to report to DRS Bot, even though about 20% of the sample size from DRS Bot data composed of 'x' holder Apes, nullifying the claim from skeptics). This is another reason why I believe the numbers are being understated, and why there's much more synthetic shares out there. + +This is why I'd be more inclined to believe there's over 10x the number of GME shares out there than legally issued. SHFs have been shorting GME for years, and they've doubled down on their shorts every day since the January run up, hoping to shake out Apes, which they failed miserably in doing. + +You see, SHFs never intended to cover their shorts, just like with zombie stocks. Their goal was to take it to $0, so that they could keep all the profits, tax free. Hence, why they were reckless with the synthetics. In their perspective, they could create 100 million synthetics, and as long as the stock got delisted and went to $0, they'd never have to cover a single thing. Criminality at its finest. + +And brokers were complicit as well, may of whom were giving Apes IOUs instead of actual shares, which is why we're seeing them pushing back and trying to slow down the wave of Apes DRSing their shares. This is because brokers can't find real shares to replace the mountains of IOUs, and Apes have been slowly figuring it out: + +https://preview.redd.it/sk5me9o5tj081.jpg?width=828&format=pjpg&auto=webp&s=fdaf67a61d222bd1aff2b1b083b761269579dad5 + +From what we now know, what can be inferred? SHFs will not cover their shorts until they no longer have a choice in the matter, as they know they'd go bankrupt doing so. + +And don't think on waiting for the government to do anything. These are multi-billion dollar hedge funds. They have their own plants inside regulatory agencies doing their bidding for them. Judges get bribed millions of dollars all the time by companies to dismiss cases and make them go in their favor. Even when there are boy scouts in the government, expect them to be restrained and limited in their ability to accomplish much by an army of SHF lawyers and an arsenal of strategic tactics from the elite. This is why Apes have been getting nowhere calling the government to take action. + +https://reddit.com/link/qxljfb/video/li6fosc08k081/player + +At most, the government is passing rulings to mitigate the damages of a looming economic collapse in the near future (possibly from the MOASS, overleveraged rehypothecation of T-Bonds, foreign externalities, Evergrande, etc.), but don't expect much more until Apes starts to get dangerously close to locking the entire float. + +\[According to [computershared.net](https://computershared.net), Apes have locked over 1/3 of the float within the past 2 months\]([https://www.computershared.net/](https://www.computershared.net/)) + +This process would be quicker; however, brokers are deliberately stalling the process, so do be aware that these are your shares and you have the right to take the steps necessary to ensure that your shares make it from your broker to CS. Transferring from your broker to Fidelity and from Fidelity to CS seems to be the quickest option. + +\[For those of you reading this and still in the process of understanding CS and how to transfer your shares, here's a complete guide to CS.\]([https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)) + +Again, need I remind you that a measly 5,000 Apes (out of over 5 million) hold 1% of GME's outstanding shares. There's well over 500,000 Apes on Superstonk. Do the math. Apes have had the power the entire time. Do not say your GME shares don't make a difference, because they do. Buying, Holding, and DRSing your GME shares is literally creating history as we know it. + +I expect the closer we get to locking 100% of the float, the stronger the pressure the government will feel to taking initiative themselves, as once the float is 100% locked, there's no going back, and the entire world will witness the synthetics shitshow that will reveal itself and completely undermine the market's regulatory bodies. Moreover, as we also get closer to locking up the float, shorting GME back down will be a lot more costly and difficult for SHFs to do, which is why it's highly likely to me that the MOASS will start before the entire float gets locked up. + +Regardless, Buy, Hold, DRS. + +TL;DR: There most likely exists around 10x the amount of legally issued shares. Extreme conservative estimates still unequivocally prove that synthetics exist. Apes can easily lock up the float by registering their GME shares, exposing vulnerable SHFs to the world and initiating the MOASS. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +{Side note: For any Ape skeptical for the large average of 140 shares per Ape, it's nothing to be surprised about, considering that the majority of Apes are YOLOing their life savings into GME/meme stocks, because they recognize the simple relationship of cause and effect (SHFs overleveraged themselves shorting GME and once forced to cover will give birth to a nuclear-level MOASS), and market dynamics that will lead to a major financial crash, in which heavily shorted stocks, such as GME, will become Noah's Ark, a safe haven asset for investors in a sea of red. I've never been more sure of something in my life before, and I'm sure many others feel the same way. You invest sufficiently enough, and with Diamond Hands, all you need is the 1 MOASS to be set for life and generational wealth.} + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Edit: I was so conservative in my data that I forgot to point this out haha. An Ape reminded me of this significant factor: [https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm_source=share&utm_medium=web2x&context=3) + +The results from my data are assuming that Apes are DRSing 100% of ALL their shares, which is very likely not the case. More likely, is that, on average, they've been DRSing around 20-50%. For example, an Ape with 500 shares may have DRSed only 100, so only the 100 would've been recorded by DRS Bot and utilized in the data and averages. This means that the results from this data are very likely understated (average shares per Ape could very well be around x2-x5 this amount; making total number of GME shares x2-x5 more than my findings), but the most important thing from all this is that the findings here is hard proof of synthetics. 🚀🚀🚀 +I am so happy and don't really have many people to share in my excitement. I'm making $21,000 before taxes currently and it's been hard making ends meet. With this new job, my salary is going up to $36,000! I am currently facing an impending separation and divorce and this new job will allow me to provide for my daughter on my own. I will miss my current workplace and job but am so happy I decided to not be complacent with my career goals. I CAN FINALLY START PAYING OFF MY STUDENT LOANS!! + +Edit: wow, thank you for all of your well wishes! I appreciate every single one of them! Just to clarify since I've read some questions and concerns: I'm not planning on a lifestyle creep! I am planning on finally setting up a wifi connection in my house, though. It would also be nice to build savings up to be able to do some outside projects for my house, like building a garage or paving the driveway. As it stands now I am living paycheck to paycheck, so while I'm hoping to save at least 10% per pay period with this new job, I realize things will still be a little tight with me doing things on my own. I will still live for thrift stores, couponing, and weekly sales ;) My current job now is as a 1-1 aide for a behavioral elementary school. My new job will be as a case manager for a mental health agency, helping adults secure things like government benefits, housing, etc. I would like to go back to get my Master's degree in a couple of years to become a social worker. I know non profits aren't the way to make a whole lot of money, but being able to make a difference is something that's very important to me. +Energy prices are going up, on average 54% (cap on energy prices will soar by 54 per cent from £1,277 to £1,971 a year for the average household.) + +Actual rates are mentioned below. + +For Gas(From 1st April) : + +Unit rate: 7.37p per kWh + +Standing charge: 27.22p per day + +For electricity(From 1st April): + +Unit rate: 28.34p per kWh + +Standing charge: 45.34p per day + + +Old gas & electricity rates from yesterday for comparison: + +For Gas (Before 31st March): + +Unit rate: 4.07p per kWh + +Standing charge: 26.12p per day + +For Electricity(Before 31st March): + +Unit rate: 20.8p per kWh + +Standing charge: 24.88p per day + + + +1.25% point increase in NI (however this will be offset somewhat by earnings threshold at which workers start to pay NI rise to £12,570 from July.) + +Council tax going up by 5% (the maximum allowed typically ) However a council tax rebate has been issued, subtracting £150 off the yearly bill on bands A-D. + +Phone and broadband bills typically going up by around 9-11% depending on who ure your company is listed below: + +As reported by Which?, here is what you can expect from the major internet providers. + +BT: 9.3 per cent (from 31 March) +EE Broadband: 9.3 per cent (from 31 March) +John Lewis Broadband: 9.3 per cent (from 1 March) +Plusnet: 9.3 per cent (from 1 March) +TalkTalk: 9.1 per cent (from 1 April) +Vodafone: 9.3 per cent (from 1 April) + +Water bills – up 1.7%, £7, a year +Water bills in England and Wales will rise by an average of 1.7% to £419. Customers of South West Water face a rise of £12 to £515, while households with Wessex will see a £21 rise to £476. Other water companies including Hafren Dyfrdwy and Thames are reducing annual bills by similar sums. + +The reduced rate of 12.5 per cent VAT for restaurants, bars and hotels will rise back up to 20 per cent, meaning that businesses will have to charge customers more. + +Finally, first-class stamps will rise by 10p to 95p from April 4 — with second-class stamps also increasing by 2p to 68p. + +In more welcome news, pay is also rising. +Minimum wage – up 6.6%, about £1,000 a year +In more welcome news, pay is also rising. The government’s “national living wage” has gone up by 59p an hour to £9.50 for workers aged 23 and over. For those aged 21 to 22, the minimum will increase by 9.8% from £8.36 to £9.18. + +What else is going up? +Every fucking instinct I have is always 100% wrong. + +A war breaks out? +That's probably not good for the economy right? +Let's buy puts! +GET FUCKED, BIGGEST RALLY IN THE HISTORY OF THE S&P 500. + +Now I know what you're thinking, If every instinct I have is wrong then the opposite has to be right? + +Nope! It's not that I just suck at predicting market movements(i am absolutely horrible at it) my actions themselves seem to trigger the markets to move in the opposite direction as if it's a sentient being that is intent on fucking me at every possible turn. + +Even statistically I shouldn't be this bad at trading. + +Suffice it to say I am done with this fucking rigged trading bullshit. + +If anyone needs me I'll be at the Wendy's behind the 3rd dumpster on the left. + +Fuck you all goodbye. + +EDIT "Fuck you all" was bit harsh. + +Fuck you all, see you Monday. +Hello, + +I recently graduated with a Bachelors in Arts and Sciences (English) and was planning to move out of my parents house and finally be on my own. Unfortunately, over the holidays my father unexpectedly passed away. He was the only full-time worker in our household of now, 4. My mother is a stay at home mom and I have two younger brothers who are recent legal adults. + +My brothers have part-time minimum wage jobs like me, and were also attending community college. We're not sure what to do, everything seems so overwhelming, as we're still grieving over my father's passing. We rent the house we currently live in and my father left behind 3 cars he was making payments on. We pretty much have decided to take back 2 of the 3 cars, as we can not take on payments for all of them. + +I have some money saved to keep us afloat for the time being and I am trying to find a stable full-time job. My brothers are also looking for full-time jobs and will most likely have to drop out of school until we can get back on our feet. My mom hasn't worked in years and is not in the best health, especially after losing her husband. I'm just trying to figure out the best solution for us right now, but I just don't know where to start. + +My father was a veteran and did have some retirement money coming in that my mother will receive monthly, but it's not much and as far as I know he did not have life insurance. I think the VA has some benefits but it's just all so confusing I'm not sure if my mother even qualifies. We would like to buy a small house instead of throwing money away on rent, I'm just not sure how realistic that is. I have decent credit, I just don't have the proof of a stable income to maybe get a loan for a house. + +Does anyone have any tips or advice on how to proceed? We don't have family where we live so we're pretty much on our own. My mother's first language is also Spanish, so I have been trying to sort everything out for the family. Any suggestions would greatly help. +The media has recently started warning New England about upcoming blackouts this winter, due to high natural gas prices and a lack of supply. + +I'm warning you now that if New England experiences a blackout(s) as severe as Texas' in February 2021, we should all be worried. Neither would be an accident. Here's why... + +To a normal person, blackout warnings may sound like nothing out of the ordinary, but I spent almost a decade in the energy industry working for a commodities broker and then for our utility. I've researched and written an extensive amount on the energy markets. Believe me, this is out of the ordinary. + +Blackouts due to energy prices and lack of supply in the New England **do not happen**. If you're from New England, you might be thinking "what are you talking about? I've had the power go out before." Well, that wasn't a blackout, it was a brownout. The whole region didn't experience a power outage because they had no electricity, a much smaller part of the region was out, likely caused by severe weather conditions damaging a part of the power grid. + +New England is the most regulated power market in the country. Since prices can be volatile due to extreme weather snaps and lack of supply/pipeline into the region, New England holds something called an Annual Capacity Auction in order to secure adaqute natural gas supply for the upcoming year. Natural gas is what we use to generate electricity, because it's the cheapest. + +In this auction, our region purchases more than enough natural gas needed for the upcoming year so they do not run out during periods of high demand. Capacity costs are built into electric bills. + +The media blaming high gas prices for potential blackouts is flat out a lie, and the claim is *impossible*. We already bought extra supply, and at a time when prices were much lower. + +Another reason is because our state does not shut down the power grid due to lack of natural gas supply. Ever. Unlike unregulated markets we not only have a capacity auction, we have backup energy supply in case of extreme emergencies, which is also built into your energy bills. + +We don't dip into our emergency reserves just because we run out of natural gas, and we ESPECIALLY don't dip into it because of high prices. + +If natural gas supply is inadequate, we will generate power in extremely costly ways to keep the grid running. **There are no blackouts.** Our grid has an "everything must run" policy. While it's much cheaper to generate power using natural gas, if supply is inadequate, they will literally fly in jets to generate electricity to power the grid in a worst case scenerio. It's extremely expensive, but they don't just let the power go out. + +What also makes this even more crazy is that energy demand isn't even expected to be high this winter. A significant amount of your energy bill and demand on the energy grid comes from heating and cooling. It blatantly says in the article "Overall, the power grid operator is anticipating a relatively mild winter based on long-term forecasts by the National Oceanic and Atmospheric Administration," which means people won't be using that much energy this winter. + +Last February I wrote the most in depth article about the extreme blackout in Texas that you could possibly ever read. I knew the event was due to lack of regulation, failure to maintain equipment, and failure to properly weatherize the grid, but thought that was it. I remember joking with coworkers after I wrote the piece that I'm glad it will never happen in New England. + +I wish this were FUD, but it's the reality of the situation. + +TL;DR: The media is blaming potential blackouts on high natural gas prices, but New England does not shut down due to high prices. The only explanation is probably closely related to an upcoming market crash and/or corruption. + +Edit: I hate giving the media traffic, but here's an article that was posted on another sub, which prompted to me write this post...in case anyone wants proof: [Rolling Blackouts Possible This Winter, Regional Grid Warns](https://www.wbur.org/news/2021/12/11/rolling-blackouts-possible-this-winter-regional-grid-warns) +First, apologies if this is the wrong subreddit. I’m not sure where else I could ask this, so if there‘s a better sub, please point me there! + +I’ll try to keep this short. I‘m being homeschooled by my very conservative mother. She has me starting “Exploring Economics” by Ray Notgrass as my main economics course (no idea if it’s any good or how biased it is but I have no choice anyway) and wants me to read Basic Economics along with it. I asked why and she said, “Thomas Sowell is a genius.” + +I’ve read previous threads on here about Thomas Sowell and his books. I don’t think I should read Basic Economics as an intro since I know literally nothing else about the subject. However, I don’t think I have a choice—if I tried to explain to her why I shouldn’t be starting with that book, I‘m pretty sure she‘d say Sowell is telling the truth that socialist economists don’t want anyone to hear… + +Since I don’t think I’ll be able to get out of reading this, can anyone tell me what to look out for as far as outdated information or anything that‘s super biased? Which parts are unbiased and factual? + +Thanks :) +To all visitors from /r/all: Please read the explanation at the bottom if you don't understand what's +going on and need explanations on my trades, or what puts and calls are. Thank you. +Three and a half years ago, my favorite uncle died after a short battle with cancer. Up until the moment he +died, none of us even knew he was sick. Uncle Richard was a secretive man who lived a secretive life. He +didn‟t like to discuss his personal matters. We saw him once or twice per year, at family gatherings, +where he usually stood alone in a corner, slowly drinking his brandy and seven-up. +I was one of the few people who took the time to go talk to him. Truth be told, I rather enjoyed his +presence. He was a tenacious listener and he had the gift of always making you feel appreciated. After his +wife died in her late 40s, I think he had some kind of breakdown, from which he never recovered. I know +that he truly loved her and the rest of his life was spent living alone in something he sometimes described +to me as an "unending fog." Our family invited him because, well, he was part of the family, and also +because he was generous with his bottles of homemade wine, perhaps his only passion in life, or at least +the only one that we knew of. +The day he passed away, I learned he was bequeathing me over 2.5 million dollars. +My uncle had never really had a career or a profession of any kind. He stuck to the usual odd jobs, being a +trucker here, working in security there, even teaching at some point, but he would usually never last long. +When he died, everyone was shocked at the fortune he had managed to amass. But my uncle was an +ascetic and austere man: he lived in the same, tiny house he had built by himself for $10,000 decades ago, +drove a car that was older than me and wore the same clothes quite possibly since his high school times, +year after year. He preferred to repair rather than rebuy and still had that giant, clumsy television from the +80s instead of that shiny new LCD. All in all, it‟s crazy to think what an average man, living an average +life, can accumulate over 45 years of his life if he puts his will to the task. +He had no one to give his money to, I guess. No children, no wife and no friends that we knew of. I +remember I was driving back from some boring class at some boring community college when I got the +call. I was so “estomaqué” (stomached?) I had to pull over on the highway, first of all because I had no +idea he had passed away or that he was even sick, second to ask the notary to repeat the amount he was +53 +All rights reserved – www.FSComeau.com +reading to me. Up to that point, I myself had been drifting from a place to another, not unlike him, from a +formation in accounting that led me nowhere to some useless telemarketer job. The call, from his will +executor, changed my life completely. +With his legacy came one small letter, visibly scribbled quickly days before his death, if that, on a single +sheet of paper (loose translation): +“Frank, +As a kid, I was told that life was a game. Now that I‟m all grown up, I can tell you that life is indeed a +game; just not a very fun one. +R.” +And that was it. A few months later, one or two court fights later (some family members tried to contest +the will, of course) and I was a rich man, my life forever changed. My first reaction was to want to place +half in an index fund and now that I look at it today, I can‟t tell you how badly I wish I had done that. But +I didn‟t and one of the biggest bad streak of my life would soon begin. +I wanted to trade. I had always wanted to trade and the world of daytrading seemed like a utopia to me. At +first, I had success. People might remember my big Apple bet a few years ago where I essentially made +$30,000 in under a week. Looking back at it today, much later, I regret winning that trade. Perhaps if I +had lost everything on that trade, it would have disgusted me from trading forever and I would still have +much of that $2.5M today. But I won, and I won for a good while, and it kept me going. +Then, I began to lose. +I lost $500,000 due to the oil crash in late 2014. I had a ton of Canadian stock (the TSX went down +something like 30% at some point) and many, many oil stocks. I made it all back in early 2015, then lost +it all again in the first six months of the year, plus another $500,000 for the rest of the year. I was +panicking, hardcore, as a million dollars is no small amount to lose, Canadian or American. +I lost $100,000 in one night to Brexit. Another $50,000 betting on Hillary. The summer of 2016 +specifically was particularly cruel to me. People who were there will remember that I lost pretty much +every single time. I was tilting, because I knew I was making the right trades, yet losing time after time +after time. But I knew I had done it before and I knew, or at least thought, that I could do it again. +I lost on several failed investments, from a stupid fast-food restaurant I wanted to start (which I won‟t +name) to an apartment building where I lost my shirt. I also lost a fortune at the casino, mostly on +blackjack (man, the swings I got) and certainly poker. At my worst, I lost $30,000 in a week playing +$5/$10 poker. I got absolutely horrific hands and I got so many bad beats I stopped counting them. Yeah. +54 +All rights reserved – www.FSComeau.com +So to make a short story, this brings us to today. From the original amount, I have $325,000 Canadian +left. I have a $100,000 personal loan at 8% (yeah), a $51,000 credit card debt accruing at 19% per year +and various debts ranging from 6 to 10%. Oh man I feel so dumb – I could have paid the car I am driving +in cash, but somehow I ended up getting financing because… Because. +If I liquidated all my positions and stopped trading today, yes, I could probably repay my debts. And then +what? I would have almost nothing left, nothing at all. My $2.5M would be gone forever and perhaps +most of my mental sanity along with it. What‟s the point? Truth be told, at this point, I have really +nothing to lose. Worst case scenario, this yolo fails and I go bankrupt. If I'm going out, well, I'm going +out big. I'd rather take my chance to get my money back. +This is perhaps my last chance in life to “hit it big,” aka be someone. I won‟t get another chance like this. +Look, I‟ll be blunt: I want my two point five million back. It‟s mine and I want it back, period. Unless +you‟ve hit it big and lost it all, you don‟t know how incredibly painful it is to look at $325,000 and think, +“Yeah, this used to be 7 times higher.” +And here comes the Yolo. +I began my career with Apple, I‟m ending it with Apple. No matter what happens, this is going to be my +final Yolo. I‟m sorry, I wish I could continue, but I‟m tired of trading. It's morally and emotionally +exhausted and over the last two years, it's really taken a huge toll of my health, both mental and physical. +Some of you might have noticed the (subtle) changes in my personality and demeanors. It is time for me +to stop making a fool out of myself and stop suffering. I am tired of perpetually losing money. That +Google trade was the last straw. Even though I called the earnings perfectly, I still somehow lost money. +The stock market is rigged and I am done with it. +People who know me well know that I am an Apple expert. Without a doubt, Apple is my specialty. I +called the exact iPhones sales, revenues and estimates pretty much every quarter, and I can tell you Apple +is about to get a massive miss. Notice how there is no real “hype” around those earnings? That‟s because +for the first time in, like, forever, Apple has failed majorly. They don‟t want to foam around it because +they know very well it‟s going to be catastrophic. +iPhone sales will be down 10-15% - and that will be the good part of their earnings report. iPads are +basically dead. The iPad pro is nothing more than a joke. It probably sold less than the Pixel. Okay, not +that bad, but trust me, iPad sales have been terrible for a while and this time, they‟ll be so bad Apple +might actually throw in the towel. Truth be told, Apple is 2+ years late and 5+ years late in some sectors +when compared to the industry. +55 +All rights reserved – www.FSComeau.com +And apart from iPhone and iPads, What else does Apple has at this point? Mac sales are down, the iPod is +dead, the Apple Watch… let‟s not even mention the Apple Watch lol. What else does Apple have? iTunes +revenues? That‟s like a billion dollars, who cares. +Look at recent tech earnings: Google, WDC, QCOM… All freaking terrible! The entire sector is going +down and Apple, with its overpriced crap (it almost hurts me to write that) is at the forefront. An iPhone +is up to $ 1,400 here. I mean, like, what were they thinking? +I could go on and on explaining why Apple is going to crater after earnings. Basically, it almost always +does. Look at the past earnings: even when it did beat earnings estimates, it crashed afterwards. Apple is +just a very emotional stock and people like to mass sell it after earnings. And with how bad things are, +there is no chance in hell Apple will beat earnings. +Apple is not dead, but it‟s going to slowly drift down into the abyss (See: Blackberry, Nokia, etc.). No +one can remain at the top forever and with so many companies producing phones, many of them far better +than the iPhone, it simply doesn‟t stand a chance. I mean, the iPhone is like 65% of the profits. And this +brings me to my main points: the iPhone 7 is a fiasco. Worst, it is going against the VERY popular and +lucrative iPhone 6s (the “S” series always earns Apple more profits as the machines are already +calibrated) AND the strongest line of Android phones of all times. +Okay, name me ONE thing about the iPhone 7. Go! When you think iPhone 7, you think… +… no headphone jack. That‟s it. The iPhone 7 has no headphone jack. I dare you to name me ONE thing +that is different with the iPhone 7 when compared to the 6s. Go. Without looking it up, even I couldn‟t +find anything. And when your main selling point is a feature disappearing, it‟s not good. +For the first time in like forever, it seems the iPhone had no hype at all. Perhaps everyone has one yet, +perhaps no one saw enough reason to upgrade (waiting for 7s?) or perhaps no one cared, but I can tell you +the iPhone 7 is an astounding failure. Oh, they sold tens of millions, but it‟s plain and simply not enough. +Have you seen many people with an iPhone 7? Have you seen many people with an Apple Watch (which +has been turned into the subject of a mockery) Yeah, I thought so. +In simple words, Apple has lost it. It went from being a simple company with a simple product line to +some jammed messed. Everyone remembers the iPhone. There was ONE iPhone and one iPhone alone. +Now, there are something like 10 different iPhones available with so many options nobody knows what's +going on. iPhone 7, 6, 6 plus, 6s, 6s plus, Se... What the hell is that? And I'm not even speaking of the 20 +different colors that make no sense. And just look at the Apple Watch and try to understand what's going +on: apple watch 2, apple watch Nike+, apple watch hermes, apple watch edition, apple watch 1... +Seriously what the heck is that thing? +56 +All rights reserved – www.FSComeau.com +Speaking of technology, Apple has fallen so far behind it's not funny anymore. The iPhone SE still comes +with 16GB!!! Sixteen GB!!!!! Is this some kind of joke? My operating system takes more than 16 GB! +How many minutes of video can you record with 16GB! Compare that to Android which often come with +SD cards and possibly terabytes of data and you've got a real joke on your hand. And almost every +Android phone outperforms the iPhone in every mark. The iPhone isn't even the top phone anywhere +anymore - it's gone, people! +All in all, we face the same problems we faced in 2012 when Apple‟s stock crashed from $100 to $60: +dying business lines (iPod at the time) and no innovation at all. Apple was able to save face once, and +then again, not really: it underperformed the index from 2012 to today, only going up 20% in 5 years in a +period where the S&P500 basically doubled. Tomorrow‟s dreadful earnings will mark the end of Apple as +an innovative company as we know it. It will now be priced as a commodity company and this implies a +much, much lower valuation. +Google is still able to grow. Microsoft is still about to grow. Apple is about to report a sharp drop in +earnings, around 15-20% and perhaps as large as 25%, if they are honest (they can still fudge the number +somewhat). With much lower iPhone sales, it‟s simply not possible for them to beat the very inflated +earnings estimates. This sharp drop in earnings, coupled with a terrible guidance for the rest of 2017 +(strong USD, world tensions due to Trump, Apple failing in China – all points I don‟t have time to cover, +but which are very valid) will lead to Apple getting one of the biggest hits in the history of hits. +I‟ll be blunt: Apple will drop 8-10% in afterhours (maybe more), it will open down 15% the next day and +end the day down more 20%. Yes, that‟s how bad it is. And I‟ll be there to earn a fortune from it. As I +said, I want my millions back. +My #Yolo is designed in a very specific way. It‟s designed so that even if I am wrong (which I am not), I +will not lose money. Yep, it's that good. Before I try to explain it to you, let me explain this: I am 99.9% +certain AAPL is going to plummet post-earnings, but as there always is no way for me to know for sure. +There is so much market manipulation some banks might keep it from falling more than 2-3% just to be +able to liquidate their calls at the opening bell, etc. For this reason, I chose longer- expiration options as +Apple will most likely keep dropping in the days to follow (as more and more people realize Apple is the +next Blackberry and start selling their fund. People can‟t liquidate a $2-3B position overnight). Thus, I +chose the monthly, February 17th expiration. Big manipulators might be able to manipulate the price +somewhat, but not very long. +57 +All rights reserved – www.FSComeau.com +I also made my trade voluntarily more complex to account for all possible scenarios (more on that later). I +have been screwed by big funds before and I have designed this trade so that even if I get screwed, I +won‟t lose money. +So, without further ado, here is my yolo: +1) I bought $120 puts, twice the amount of $115 puts, 4 times the amount of $110 puts, 8 times the +amount of $105 puts and 16 times of $100 puts. Those are unbelievably cheap ATM. TOTAL COST: +$100,000 USD. +2) To cover the premium paid for those puts, I sold a massive amount of $120 calls. I used the entire +premium to buy the puts (and the calls below). +3) To be allowed to make that trade (margin requirement is crazy on naked calls), I bought a ton of $128 +calls. This is a vertical spread which allows me to do the trade as I want it. Of course, there is no chance +AAPL is $128 after earnings, but without those calls, I would need a $2M+ cushion in margin, which I +don‟t have (anymore). TOTAL CREDIT: $100,000 USD. +4) All in all, this trade has cost me nothing to do :D. That‟s right: $0 upfront cost! Free! +5) To get the margin required for this trade, I had to sell all my long-term stocks and ALL my other plays. +Some of the margin is also taken from my Credit card but at this point, it doesn‟t make a difference. +A 100K YOLO FOR 100K WSB SUBSCRIBERS! If you want to have fun, draw the payout that comes +from this strategy. +So, what will happen on earnings? Well, simply said: IT IS SIMPLY NOT POSSIBLE FOR APPLE TO +SPIKE UP POST-EARNINGS. It didn‟t happen to Google, it didn‟t happen to Western Digital, +Qualcomm or even Intel or Microsoft (2%! Yay!), despite excellent earnings (which Apple won‟t have). +58 +All rights reserved – www.FSComeau.com +Based on that, here are all the possible scenarios that could happen, ranked from worst to best, along with +what would happen to me: +1) The Google Gambit: Big funds play the “oh they had one below average quarter but they are still +growing and they have huge product lines coming (yeah, right)” – stock miraculously only drops 1-2% +(like GOOG) is - I don‟t make any money, but I don‟t lose any either. I‟m pissed off. Likelihood:< 1% +2) The Qualcomm Quack: Apple somehow miraculously saves face by playing with +inventories/supplies/doing Valeant stuff. Then, the stock would drop only 3-4%. I would make a little bit +of money. Likelihood: 4% +3) The “we barely got away with that one” scenario: Apple cheats and starts buying its own iPhones to +prevent the number from crumbling too bad. It‟s a bad quarter, but not too bad. Apple crashes to $118 in +AH and then drifts down to $115. I essentially double my money, a $100,000 gain. Likelihood: 20% +4) The “last minute wildcard” scenario: Apple somehow managed to earn more than I thought on some +miracle play (hedging). Earnings are down by quite a bit. Apple crashes to $115 and barely stays above +$110 in the next few trading sessions. I essentially quadruple my money, a $300,000 gain. Likelihood: +25% +5) The “Back in the Basement” Scenario: Apple is honest about its terrible quarter and results, but +downplays it and people somehow buy it. Apple crashes to $112 in AH and drifts down to $105 by Feb +17. I essentially sixtuple my money. A $500,000 gain. Likelihood:15% +6) The Meltdown Scenario Apple: is honest about its terrible quarter and investors aren‟t dumb. They +mass sell the stock. It crumbles to $105 in AH and some idiots buy it thinking it‟s a “bargain.” I make +over a million overnight and another $250,000 in the days that follow. It crashes to $95 by Feb 17. +*Likelihood: 25% * +7) The “Hillary Clinton Scenario”: It‟s worse than I thought. Tim Cook apologizes and steps down, citing +personal problems. Apple plummets below $100 in AH. People panic, everyone wants to sell, it‟s on the +top of every newspapers. It opens at $101 the next day, immediately gaps below $97 and then spiral down +to $90 where it belongs (maybe even lower, but let‟s keep it at that). I more than fiftytuple my money, +making $5,000,000. *Likelihood: 10% * +So, what is the expected expectancy of that trade? it‟s 1% * $0 + 4% * $15,000 + 20% * $100,000 + 25% +* $300,000 +15% * $500,000 + 25% * $1,150,000 + 10% *$5,000,000= $958,100. +Here‟s a graph with possible payouts. The top column shows the price of apple, the leftmost row the gain +for each put (remember, $0 initial cost – costs are covered): +59 +All rights reserved – www.FSComeau.com +Understand this: Apple WILL drop post-earnings. There is absolutely no way whatsoever it can go up. It +can‟t happen. I mean, Google is down by quite a bit after its earnings, the entire tech sector is down, but +AAPL somehow stays at $122. Okay. I am hoping for a massive, massive, MASSIVE drop obviously. I +wouldn‟t be satisfied with Apple dropping to $115, for example. +I expect to make close to a million from that trade, although there is a lot of possible variance. Obviously, +I wouldn‟t be happy with the $100,000 scenario as this is my chance, and probably my last chance, to get +my money back. Note that even if apple doesn‟t go below $100, my $100 strike puts will gain in value if +Apple drops to $109 post-earnings, so I might make a bit more there. +I want to thank everyone on /r/wsb for the continued and unending support. You have truly helped me get +to where I am and I just want to say that no matter what happens, I‟ll have no regret. You have +entertained me during dark times in my life and quite possibly saved me. You guys never failed to make +me laugh with your puns, memes and other and for this, I especially thank you – especially those who +were generous enough to become my patrons or get me reddit gold. +One final thing. I don‟t know if God exists. I won‟t pretend that I suddenly believe in Him (or Her), like +so many do in their time of need, but if you do exist God: please, please, please, please, please help me. I +have never been lucky in this life and you have thrown many obstacles in my way, but if you help me +here, everything is forgiven. It‟s not that hard to break that $100 floor and once that happens, it‟s game +over – I‟m rich. I know the earnings are going to suck. Don‟t let big banks screw me once again. +If I do win, here is my promise: +1) I WILL repay all my debts, in full, immediately. +2) I WILL place half the money in a long-term fund that pays 4-5% per year. Banks, Telecoms, Pipelines, +etc. +3) I WILL use a quarter of the money to buy a house and plenty of nice things. +4) I WILL use the last quarter of the money to travel the world, enjoying life. +5) I SWEAR ON EVERYTHING THAT I AM AND EVERYTHING THAT I HAVE THAT I WILL +NEVER, EVER, EVER TRADE AGAIN. +In therapy, I was told that the most important thing was being honest with yourself. I‟ll be honest with +yourself and also myself: I‟m not a good trader. I‟m so tired of losing. I wasted two years of my life on +60 +All rights reserved – www.FSComeau.com +this bullshit. No matter what happens, this is my last trade. After that, I am moving on and never, ever +even thinking about finance or stock ever again. Two years of perpetually losing money are enough for +me. But recently, I have been on a hot streak (100% success recently) and I just need the streak to last +one. last. time. +Verdict: Massively short AAPL through earnings. +AS LONG AS APPLE DOESN‟T GO UP, I DO NOT LOSE MONEY. GLTA. +QUICK UPDATE 1/27/2017 2:56PM +UPDATE Original post forgot to mention all WSBers will receive a free can of maple syrup OR a pack of +maple sugar if I make at least $1,000,000 from this trade. Yes, this is for real. I called in for a quote and it +will cost me $65k-$85k to ship it all at a discount, assuming all US and CAN addresses. Other shippers +might be cheaper, I guess I'll see. DISCLAIMER: Limited to the first 10,000 posters, reserved to people +who made at least one post/comment on /r/wallstreetbets before today. Mods get priority. Check my +Youtube video on it for details. +Quick update for those who asked (damn you, reddit formatting system! I'd short you if you had earnings +coming!) http://i.imgur.com/d0K2w9p.png +I am up by quite a bit, but commissiosn rekt me. Still, AAPL has begun its long decent into irrelevance. +Should be red every day now for a little while, as is the case every earnings season in the last 5 years. +Also, at the time of posting this, this post had a score of 666. Coincidence? +For those who asked, yes, I am serious. Some people have written to me trying to change my mind. I want +to say that I appreciate your concerns, advice and help, but that I am 100% dead serious about this. I have +spent a lot of time considering and analysing this and this is what I want to do; I have made my mind and +that nothing you can say or do will change it. Please do not write me telling me to stop this, I am stressed +enough as it is, believe me. I am holding this position through earnings and I am not going to change my +mind. I am "pretty damn sure" AAPL will crash massively following earnings and this is what I want to +do. Thank you. +Also, MODS=GODS. +Update #2: Quick explanation to visitors of /r/all who don't get what's going on. +61 +All rights reserved – www.FSComeau.com +Okay, so you have a stock. A stock is a portion of a company. If company ABC emitted 100 shares and +you had 10 shares, then you own 10% of ABC. +You can buy and sell shares. If you buy a share and it goes up - because other people are willing to pay +more for it - then you make money. If it goes down, you lose money. A stock will go up depending on +what people are ready to pay for it, but generally speaking, a good earnings report will kick the stock up. +Netflix reported good earnings, for instance, and the stock jumped 8% +In addition to stocks, you can also trade what is called options. An option gives you the option to buy or +sell the stock at a later times. There are two popular kind of options: calls and puts. +A call gives you the RIGHT, but not the obligation, to buy the stock at a fixed priced in the future with an +expiration date. The option stops existing after the expiration date (we say it is "settled"). For instance, +Apple is currently at $122. A call with a strike of $120, expiring on February 17th, 2017, would give you +the right to buy AAPL (Apple's stock ticker) for the price of $120 at any time until February 17th, 2017. +If AAPL crashes to $115 tomorrow, you are not going to "exercise" your call. Why would you buy it for +$120 with your call when you can buy it on the open market for less? Similarly, if Apple goes up to $130, +then you would be able to buy it for $120 using your call and resell it for $130 immediately. +A put is the opposite of a call: it gives you the right to SELL at a fixed price. For instance, I bought $120 +puts expiring on February 17th, 2017. This gives me the right the sell Apple for $120 at any time until +February 17th, 2017. Apple currently trades for $122, so I am not going to exercise my puts and sell them +for $120 since I can sell them on the general market for $120. +To be noted: you do not need to hold the shares to buy a put. If I exercised my puts today, I would end up +with a negative amount of shares of AAPL, which is called shorting (another topic). +I sold calls, meaning that I gave someone the right to BUY Apple shares from me at the price of $120. +Once again, I do not need to own shares to sell a call: if the guy exercised the call, I would end up with a +negative amount of shares. +Since AAPL is currently at $122, why doesn't he exercise his call right now, i.e. buying it from me at +$120 and selling immediately at $122? Because it can be shown (proved mathematically) that it is never +optimals to exercice a call nor a put before the expiration date, that is, February 17th, 2017. +Now, why would I give someone the right to do that? Because I get paid for it. An option has a premium, +which is the price you pay for that "right" (but, again, not the obligation). In other words, if AAPL was to +close under $120 on February 17th, 2017, I would get to keep the entire premium the guy paid me and he +would have nothing. +62 +All rights reserved – www.FSComeau.com +So my trade is as follows: I sold a mass amount of $120 calls. If AAPL crashes, those calls will not be +exerciced and I get to keep the entire premium. +Using that premium, I bought a mass amount of puts (remember, right to sell). This means that if AAPL +crashes, I get to exercice my puts and earn a lot of money. For instance, I have $120 puts that I paid $1.68 +for; if AAPL dips to $110, I would earn $10-$1.68=$8.32. +Because I sold calls and used the money to buy puts, this trade has not cost me a penny. If AAPL crashes, +I could earn a lot. For instance, if it crashes at $80, I would earn $120-$80=$40 on my $120 strike put. +Each contract is for 100 stocks and I have 150 contract, so I would earn 15010040=$600,000. In other +words, if I am right and AAPL crashes after announcing its earnings, on January 31th at 4:00PM, I stand +to make a massive amount of money. +I also bought puts with a strike of $115, $110, $105 and $100. So if Apple dipped to $95, all my puts +would pay me ($120-$95, $115-$95, etc.). The more Apple crashes, the more I make. Ideally, AAPL +would go to $0 and I would earn the maximum amount ($120-$0, $115-$0, etc.) +Of course, you aren't forced to exercise your puts and you can resell them at any time. The price of the put +will go up as AAPL goes down. So if AAPL opens at $99, the $100 put would be worth $1-$5. The exact value depends on complicated mathematics and, overall, how much people are ready to pay for it. + +And that's it. Hope it cleared things up a bit! See, options aren't hard =) + +So last time i posted about some common newb traps I mentioned following internet randos as a trap. + +I hope you all are smart enough not to take what a stranger on the internet says as fact. But let me show you some ways it's possible to mislead without lying. I will also try and show that following someone who has a win or 2 under their belt can be just as harmful as following an internet rando. + +So 1st up, some of you might know I recently sold some of VUL holdings for a little over 20 times what i originally bought them for. Something I take great pride in and honestly never thought would happen to me. But did I REALLY make 20 bags? Depending on how you look at it. Yes or No. + +So back in May 2020 I bought 2989 shares of VUL for 34.5c a share. If I had of sold all of them at $7.102 on Friday that would have been an increase of 20.5 times my original buy in. A true 20 bagger, no questions about that... or is there? My average price showed as higher then 34.5c due to brokerage. So did I make less then 20.5 bags? Technically yes, but i doubt anyone would argue that point. + +I also only sold 1000 shares. Why? Because that was all I was holding. So if I was holding less then my original amount did I really 20 bag? That is a point that could be argued. Why did I sell 1000 because I free carried some shares at $1.10. I also day traded more then a few times on the way up. + +Every time I day traded it bought my visible average up, even if I didnt technically pay anything for the extra shares, or if i sold them all I didnt change the amount of my original holdings. + + [Here is a screen shot of a day trade i did that totally messed up my visible average](https://imgur.com/a/LfHv9Cj) + +You can see that I sold all the shares I bought, but without editing my share price down to 34.5c I would show a much higher average. It is also possible to get free shares day trading. for instance buying 10k worth of shares at $1 then selling 10k worth of shares at $1.20. You still have your 10k (minus brokerage) but you also have a free 2k worth of shares. How you deal with your average share price after that is up to you. You did just get 2k worth of shares for free but do you edit the visible average? I would forgive you for editing it down to the original price but maybe a few wouldn't. + +So why did I go to all this bother typing this out? It is pedantic and semantic and not really helpful. My purpose was to show that even with no ill intentions I could unintentionally mislead you. Imagine if I was trying to gather people to follow my advice and trade like I told them too? + +I could make myself out to be a genius investor. Never stepping wrong, going on rocket after rocket! All you have to do to make money is + + [FOLLOW ME](https://www.youtube.com/watch?v=DmzqRikICQY) + +If you spent any time on Hotcopper day trading forums you will notice a few fuckheads who operate on this exact system. I can't be bothered remembering their names but a few of them get in at every low and out at every high. Always making money but sadly never posting proof. + +Why? Because they are a bunch of fucking slimy scumbags, most of them would happily fuck you over so they could sell their bagheld shares for 1 pip higher. + +Even if someone has a record of picking stocks that go up unless you can see their WHOLE trading portfolio and how they trade EVERY trade it would be very easy to mislead. Only show the winners! Bam genius investor. Then all they have to do is get you to jump on a stinker. They sell to you and they run off with the money. + +I know their are a few out there who live stream their trades. If they win more then they lose then by all means follow them. But please dont do it blindly. If you dont know how to research a company. LEARN. + +It will make you more money in the end. It's really not that hard and it could lead you to a 20 bagger. + +Just because I found one rocket, does not mean I will find another. Just because I found 2 rockets does not mean I will find a 3rd. No one gets it right all the time. I still think SBW is a good company and whilst it did go up after i initially invested it has also gone DOOOOWN. I am currently sitting on a 27% loss with them and that is after averaging down. You cant see my 20 bagger and not see my losses as well. Or if you can and do then you are proper retarded. + +Stay safe out there you joyful autists. +Currently I have Blue Cross Blue Shield through ACA if that's what the insurance on HealthCare.gov falls under. I was making $14,000 a year when I applied for it last year, and my monthly payment was $16.00 with a $750.00 deductible. I'm a student who just moved back home so I can hurry and finish school, so I had to leave my previous job and am now driving for Uber on the weekends. I will be making about $5,760 a year. When I went to apply for insurance again for next year, the lowest priced plan is $280 a month with a $7,350 deductible. That's an increase of $264 a month from my previous plan and a $6,600 increase in my deductible. All the while I'm making $8,240 less a year. After filling out my application, I also received an eligibility notice email from HealthCare.gov stating.... + +> Based on the information provided, you would be eligible for free or low cost health care through Georgia Medicaid. However, the state of Georgia has chosen not to offer you this health coverage at this time. You won't owe a fee for not having health coverage. This is because of your income, and because the state of Georgia declined to expand Georgia Medicaid to cover individuals in your situation. + +I just don't know what to do. Did I fill out the paperwork wrong? Am I basically screwed in terms of health insurance for next year? +This is my first time posting on Reddit btw. With all of my investments and savings we have about 130k saved. I have 50k in an acorns account and another 18k in Robinhood investments. Do you think we should buy a house to rent out while we travel or just keep saving money until we eventually do decide to settle down. Also any other financial advice is welcome. +Hey guys, I posted a similar post earlier but the response was rather unenthusiastic. So here I am again. + +So jump networks is a technology company mainly deriving it's income from VoIP applications. It has healthy cash flows, not too much debt, decent revenue and PAT. But the stock keeps on hitting the lower circuit everyday since the past few weeks. I strongly believe it's highly undervalued at the current MP of 14 per share but there seems to be no respite for the stock. The selling pressure is too high. What am I missing here guys? Pls guide me. Should I enter it or no? Based on fundamentals, it is grossly underpriced. +I'm genuinely curious what they are waiting on. I honestly believed that once the vote was done, we'd hear something within a week or two. We're approaching 4 weeks since the meeting and not a peep. Am I missing something? Are there other big hurdles they need to get over/around first? Not trying to be impatient, but I'm ready to see some action. +Hi. My wife and I own around 17 doors and we have a management company that I hired a couple of years ago when I had a traveling job and was single. I now work locally and my wife is an immigrant and can’t work. She says she’s ready to manage our properties, and the extra cash would be nice since my employment is uncertain right now. So we were thinking of getting rid of the property management company. + +My concerns are these: + +-they could be more equipped to collect rent in these times, especially if there’s a change in management the tenants see as a potential for taking advantage. +-I don’t want to contribute to the overall situation of chaos (basically laying people off) when I don’t necessarily have to. + +Thoughts? +I knew for a while that a certain crypto would pump and have tried finding money to invest but I am currently paying off money from an unforseen event. +So today I watch the charts and it's pumping... + +No money to put in and tears to my eyes.. + +Some people are very fortunate and have thousands to throw in and we all know that most of those people will make it big in this game.. sucks knowing you may never be that person.. + +I guess it's hard not feeling jealous. So I guess I'm writing this to preach solidarity with people like me who feel like shit watching coins you wanted to invest in pump before your eyes and there's nothing you can do about it. + +I hope we stumble on a bag full of money that fell out of a plane tomorrow! +I noticed some posts on here recently about people feeling guilty about spending money, even though they can afford it and have budgeted for it, since it's hard for them to get out of the "frugal" mindset. The general response seemed to be that they should learn to accept that it's okay to spend money on some things—that's what setting a budget is for, after all. + +While this is great advice, I seem to have the opposite problem of these people—I am a bit *too* okay with spending money. I have a set amount of "fun" funds that I set aside every paycheck, but because I'm lucky enough to not have anything I really need to save up for, every so often my fun funds will pile up and I'll find myself looking for things to spend my money on—because heck, I've already budgeted for this, so it should be alright, right? But the thing is, I don't really *need* these things, and sometimes don't even want them that much to begin with; I'm literally just looking for an excuse to waste money. It actually got kind of stressful because I wanted to "make the most" of my budget but had nowhere to spend it (sounds crazy, right?). A few months ago I spent almost $3000 on an instrument that I've played maybe twice since then. Looking back, did I need to spend that $3000? Probably not. I could've put that money in the S&P500 or something instead and made $300, and I probably would've gotten more enjoyment out of seeing my portfolio go up $300 than I got from playing that instrument twice. + +So I guess learning to be okay with spending money can be a double-edged sword. If you're someone like me who might spring for the next "upgrade" just because you can afford it, even though it's more than you need and isn't as good a value, it might be helpful to take a step back and consider whether or not that upgrade is really worth it. Since coming to that conclusion, I've cut back my wasteful spending considerably, and the stress of not "making the most" of my budget is gone. + +Have any of you had a similar experience to mine? +Today I learned an important lesson. Always have your stop loss and even better, your PT set in place before entering a trade. + +I was in a trade on my phone when I had to open another app. When I came back to it, my broker app would not open. No matter how many times I put in my username and login. All the while I’m in this position. Thankfully it worked out fine. But it could’ve ended horribly if my broker’s app had gone down while I was in a trade and couldn’t stop out. +Mining smooths out the load, starting and stopping in seconds to respond to changes. It rescues stranded power. It provides an ongoing income. It converts their electricity to BTC which is now a store of that energy, and can be sold anywhere in the world in a second. + +Jesus, I just now understood what Saylor means by his hullabaloo. But damn, he's right. + +Jesus Christ. +There are a handful of us in this community that genuinely care about Economics,Accounting Infrastructure and the concept of blockchain and comparable future technologies. + +There will always be memes because people are just that. You have created something that's changing the world and you need to get comfortable with the fact that you are inevitably going to comes across all personalities. Such is life. + +Please do not put the project down because a few people are mocking and simply along for the ride. Think back to the mid-90s when the commonwealth said Quant was dead. + +Please be patient for the sake of us all and continue doing what you do best. + +Alternatively, if you believe there are ways for folks to get involved who have a strong opinion, share with the community. + +Ryan +My first year of college I lived with my dad, so it naturally made sense that I would be declared a dependent in my taxes. However, in the years that followed, I lived in another city, working my way through college, and I was still being asked to mark myself as a dependent. + +I look back on this fairly embarrassed. Let me know if any of the following assumptions are incorrect: +- Claiming myself as a dependent meant I was disqualified to receive the American Opportunity Tax Credit; something that would have sincerely helped me begin to pay off my already astronomical student loans. +- As a result, my dad received extra money—of which I never saw. I continued to support myself without any help from him. + +I think what really stings is that, despite getting thousands of dollars from the gov. that could have been sent my way, my dad also had me pay for my own car insurance. I genuinely don’t mind paying this yearly amount; what I do mind is whether he was receiving money that should have been mine, while also asking me for MORE. + +If I have completely misjudged the situation, please let me know. I’m not fantastic at understanding the process of filing taxes. It’s only been in the past year or so that I’ve looked back and wondered whether my filing as an independent “dependent” was in my best interest, or whether I was naive to trust my father. +Shares of Facebook and Instagram parent Meta have plummeted more than 40 per cent over the past six months – and some employees saddled with underwater stock options are eyeing the exits. “Joined Meta near [all time stock high], now feeling like shit,” one Meta employee said this week in a popular thread on Blind, a corporate message board with verified members. “What should I do?” “Leave this crap place,” another “Metamate” responded, according to the New York Post. “Same boat,” a third said, adding that they’re “already interviewing” at other companies. “Duh, you’re supposed to think Meta, Metamates, and me. Ask yourself if this train of thought is good for the company,” a fourth joked. “Just kidding … it super sucks.” + +Meta is facing a worker stampede as its stock price has fallen from an all-time high of more than $US380 ($A512) in September to $US216.49 ($A292) at the time of writing. The slide started last year as a damning series of leaks put massive political pressure on the company and kicked into overdrive as Meta started to feel the multibillion-dollar sting of privacy changes from Apple and Google that are pummelling its advertising business. “People are definitely paying attention and are concerned about the stock price,” Michael Solomon, who manages software engineers through his talent firm 10x Management, told The Post. “I think a lot of people have questions about if Meta is going to get out of this – if this could be the beginning of the end for them.” When software engineers join companies like Meta, Google or Amazon, their compensation typically consists of a roughly 50/50 mix of cash and stock options, with entry-level employees getting more cash and more experienced workers getting more stock, according to data from tech salary tracker levels.fyi. At Meta, new hires are typically given a set number of restricted stock units based on the company’s average stock price around the time they were hired. That means there can be huge upsides for employees who join before a company’s stock rockets – but it also leaves them vulnerable to downturns. + +For example, a Meta employee who was given $US100,000 ($A134,000) worth of restricted stock units around the company’s September stock peak would now be left with roughly $US57,000 ($A76,000). It also means that opportunists from other companies – such as Microsoft, which is down 10.3 per cent so far this year – can theoretically “buy the dip” by taking a job at a beaten-down company like Meta, getting more stock options at a lower price. In response to a disgruntled “Metamate’s” post on Blind, one Microsoft employee wrote: “The only people would be doing well are those who are currently transferring companies right now. I’m doing exactly that and headed to Meta.” Laura Martin, a tech and media analyst with Needham & Company, said that while many tech workers may feel loyal to their companies, it makes financial sense for many to switch jobs when the value of their options tanks. “If you’re not going to be making any money in your equity options for three years, it is in your interest to leave,” Ms Martin told The Post. “I agree with the decision to leave your current firm and go to a company and get stock at their current price.” + +https://www.news.com.au/finance/work/at-work/meta-employees-look-to-ditch-jobs-amid-stock-crash-feeling-like-sht/news-story/b8123ee29fd8adee016f6866fa5c82a7 +Hey, + +I turn 25 next year and have been blessed with a great job coming from no money. Helped my family buy their first home and want to start building my personal assets now. + +I want to best optimize myself to be financially free and my family as well. + +I bring in $12k/Mo post taxes and have about 5/6k in monthly expenses (rent, car, lifestyle, everything). I can drastically cut these expenses down too as I have no dependencies. + +I’m practically starting fresh going into the new year, with about 50k in investments last year that I can’t touch (startup investments, crypto, etc.) + +If you were walking into next year with a $0 portfolio, what would you do? What should I do? + + +EDIT: I really appreciate the candor around living low-key. I may go as extreme as moving in with my parents (given I help buy the place haha) and just hardcore invest over the next 2 years. Work is remote so I can truly be dramatic about expense management. + + +EDIT 2: For identity purposes I don’t want to share my career on this thread but happy to chat in DM’s :) +I was wondering how many here worked at a big 4. I have an uncle who retired late (didn't have to but still worked quite a long time) but has two mansions and a resonable yacht in the South of France. He pretty much spent his whole life working his way up at a big 4 eventually making country partner. I am in a sense following his path but I was wondering one thing: the higher up you get, the more investment restrictions you have as they will be independence issues since they have a huge amount of clients globally and you most likely will end up having a stock that also is a client. I guess they focus more on real estate which can be an interesting alternative to stocks and just indexing. +From the Guardian: https://www.theguardian.com/politics/2020/jul/05/sunak-considers-500-vouchers-for-all-uk-adults-to-spend-in-covid-hit-firms + +Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. + +The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online. + +The proposals are similar to successful schemes already used in China, Taiwan and Malta. In April, the Chinese city of Wuhan, where the Covid-19 outbreak is believed to have started, issued 500 million yuan (£57m) in consumption vouchers for use in restaurants, shopping malls, convenience stores, and cultural, sports and tourist venues. + + +Guardian Today: the headlines, the analysis, the debate - sent direct to you + Read more +Last night, ahead of a “summer update” on the state of the stricken economy by the chancellor Rishi Sunak on Wednesday, the Treasury refused to rule out introducing a similar scheme in the short or medium term. + +The Resolution Foundation says its idea would be a more effective way to jump start a recovery than a temporary VAT cut, or one-off cash gifts from the state to individuals, which have also been considered in Whitehall. + +Economists say cash transfers into people’s bank accounts would probably be stashed away into savings by many higher income households, while a VAT cut would do less for lower income families because they tend to spend more of their money on VAT exempt items, or reduced, or zero-rated goods. + +The money could be allocated via vouchers or smartcards, and transactions could be made with the use of mobile phones. The think tank suggests a one-year time limit for spending the money and that the scheme, which would cost the state around £30bn, could be closed down in the event of a second wave of Covid-19. + +Sources involved in the discussions said the Treasury might balk at a £30bn bill and opt for smaller sums if it takes up the idea, with the possibility that it could increase the value of the vouchers later if the scheme proved effective. + +Economic activity in the hospitality sector was down more than 90% in April and there are fears that many sectors will continue to be badly affected while social distancing remains in place. In Germany and France, where lockdown restrictions have already eased, leisure and retail trips remain more than 10% down on pre-crisis levels. + +James Smith, research director at the Resolution Foundation, said: “Social distancing has huge implications for firms in sectors like retail, hospitality, tourism and leisure that will last into the reopening phase. That is why the jobs of so many workers in these sectors are in the firing line. The chancellor’s recovery package on Wednesday should reflect this unique economic challenge. + +“As well as setting out the biggest ever peacetime job support programme, the chancellor should get Britain spending in places where it’s needed most. A universal high street voucher scheme to be spent only in these sectors would kickstart demand in the right parts of our economy, boost living standards and deliver targeted support to the businesses that need help the most.” + +The Treasury declined to comment on the plans saying the chancellor would outline “the next stage in our plan to secure Britain’s recovery” on Wednesday. This will include an extra £32m for the National Careers Service which ministers says will allow a quarter of a million more people to benefit from expert careers advice in their search for jobs. Sunak will say that the government will recruit hundreds more careers advisers – meaning close to 270,000 more people will receive bespoke advice to support them into the world of work. + +Meanwhile Labour warns today of “ghost towns” developing across the country as new figures show more than 80,000 hospitality, leisure and retail businesses have missed out on government grants to help them tackle the Covid-19 crisis. + +The figures from the Valuations Agency office show that 83,290 retail, leisure and hospitality businesses have received no grant support from government. These businesses, in higher rateable value premises, are often larger employers, with higher turnovers. + +Shadow business minister Lucy Powell said: “Unless the government steps up to save the high street many will become ghost towns, with thousands laid off, as a result. Labour is calling on the government to have a back-to-work budget this week, with the focus on protecting and creating jobs.” + +Polling by Opinium for the Bright Blue think tank found that more than two in five (44%) of businesses participating in the Coronavirus Job Retention Scheme reported they will have to lay off some, more or all of their furloughed staff when the scheme comes to a close at the end of October. +For real. Get off the drugs cut back the drinking build/fix meaningful relationships before you cant trust people to like you for anything but your money. If you needed a sign THIS IS IT! Happiness is key and it is true when they say "mo money, mo problems." So start planning NOW ways that you can stay healthy and happy and live a long meaningful life to enjoy your tendies to the fullest. +\- **Share Facts -** + +* **FuboTV, ticker FUBO** +* **IV:** Around 200% this morning on puts expiring Feb-12th +* **FUBO earnings date:** ~~Estimated to be Feb 5th~~ March 2nd - It was estimated to be Feb 5th by my broker, but news came out after I wrote the original DD that results will be issued March 2nd +* **Share Float:** 52.06M (as per [Yahoo Finance](https://finance.yahoo.com/quote/FUBO/key-statistics?p=FUBO)) +* **Short % of Float:** 72.74% (as of Jan 15th, as per [Yahoo Finance](https://finance.yahoo.com/quote/FUBO/key-statistics?p=FUBO)) + * I mention this because FUBO was heavily shorted when the stock rose in the $60’s, and unfortunately shorters succeeded in crashing the price. + * In the comments someone mentioned short interest is now at 57.98%, although I did not verify this. Nonetheless, short interest above 40-50% is considered quite high +* **Market Cap:** $2.85 B + +&#x200B; + +**My position** + +* **Account #1 (Boomer account):** 38 shares @ approx. $31 (risk management at play, I'd like to invest more, but it's at the upper limit of how much I'm willing to put in one individual position) +* **Account #2 (Theta Gang account):** 100 shares @ approx $43 bought this morning, and sold a covered call at $55 strike for $6.10 for Feb-12th. I'm sure I'll regret it, but the yield on both the call itself, and the potential yield if I get called away for downright phenomenal, hard to turn down. Again, I would've done more, but risk management dictates my upper limit for individual stock exposure. + * **Feb-04 Edit:** Now that the earnings date has been confirmed, I'm adding 200 shares and selling calls at $45 strike 02/26. Playing on volatility here, but also want to protect myself in case of a pullback. Premiums of roughly $12, so BE is close to $40. + +&#x200B; + +**- The DD -** + +**What is FuboTV?** + +Mama Wood said it herself (paraphrasing here): Cable is dying, to hell with cable, we want MOAR STREAMING!!!!!!!!! + +Seriously, cable and television plans are dying. Nowadays you have a ton of flexible solutions, from the obvious Netflix and YouTube, to Amazon Prime, Sling TV, Hulu, etc. FUBO is capitalizing on this trend for sports fans. It is the country's first sports-first service. While the price might seem steep, it gives you access to dozens of regional, national and international sports channels, including live events in 4K HDR. + +Beyond sports, it offers much more; 112 channels in total, including 43 of the top 50 Nielson-rated networks (Nielson is an American information, data and market measurement firm operating in over 100 countries and employing 44,000 people (says Wikipedia, I’m too retarded to do more research on them). Sample non-sports related channels on FUBO include: A&E, Adult Swim, AMC, BBC America, Bravo, Comedy Central, Nickelodeon, etc. Yes, they even have the Weather Network. + +&#x200B; + +**Recent acquisitions:** + +No DD of a hyper fast growing company would be complete without discussing acquisitions. + +* **Vigtory:** The company is in the process of acquiring and integrating Vigtory Inc to the platform. Vigtory is a sportsbook (sports betting). It will also remain available to those not using FuboTV (aka: additional revenues, but also additional marketing for FuboTV) +* **Balto:** Balto develops tools for users to organize and play fantasy sports games, and FuboTV intends to combine its technology with Balto to launch a free-to-play gaming offering. + +&#x200B; + +**Management:** [See here](https://ir.fubo.tv/governance/management-team/default.aspx) for bio of management. Cliff notes are + +* **David Gandler:** Co-founder, CEO since 2015. Background is 15+ years of video sales in local broadcast and cable TV. +* **Alberto Horihuela:** Co-founder and CMO. Prior to FuboTV he was head of Latin America for SVOD service DramaFever, which was acquired by Softbank and a part of Warner Bros.; he's a serial entrepreneur, and has also co-founded Premerad Network, where he was CEO +* **Simone Nardi:** CFO, prior to FUBO he was SVP and CFO for Scripps Networks Interactive, and before that for NBC Universal's international channels and television production businesses. +* **Mike Berkley:** Chief product Officer, has been in technology fort more than 20 years. He's developed new products and businesses for Spotify, Viacom, Comcast and Axios. He also founded two tech startups. +* **Gina DiGioia Sheldon:** General Counsel, prior to joining FUBO she was U.S. general counsel and COO for Flizy, a global tech company with products in Europe and Latin America. + +&#x200B; + +**Some numbers (yes, the quant stuff):** + +Average revenue per user (ARPU) has gone from $37.93 per month in 2019, to $53.73 in 2019, and to $67.70 in the latest quarter. In contrast, it’s average monthly cost per user has risen from $40.59 in 2018 to $56.78 in the last quarter. Yes, they were obviously operating at a loss, and yes they are now operating at a positive contribution profit. As of the latest quarter, they had 455,000 paid subcribers. Grand news, yes? + +**Q3 results, and guidance for Q4:** + +Spoiler alert: The numbers are fantastic. + +* Q3: Revenues of $61.2 million, an increase of close to 50% on a YoY basis. + * Breaking revenues down: Subscription revenues up by 64% at $53.4 million, and advertising revenues up by 153% at $7.5 million + * Paid subscribers increased by 58% on a YoY basis, and ARPU increased by 14% on a YOY basis. [See here the meteoric rise](https://www.businesswire.com/news/home/20201110005911/en/fuboTV-Announces-Q3-2020-Results). Sexy, ain’t it? + * Hours spent watching FuboTV also skyrocketed, an increase of 83% YoY (133.3 million hours). Monthly Active Users watched on average 120h per month. This is a 20% increase YoY +* Q4 guidance: Spoiler alert: They raised their guidance mid quarter because they are so bloody awesome + * Q4 revenue to be expected between $94 to $98 million, prior guidance was $80 to $85 million. The new guidance represents a 77% to 84% YoY revenue increase + * Paid subscribers to be expected to exceed 545,000, prior guidance was 500k to 510k. The new guidance represents a 72% YoY increase. + +&#x200B; + +**What now?** + +Sure, they are not profitable yet. Big whoop, they are still young, FuboTV was founded in 2015. But you know what? It took ages for Netflix to become profitable (about 7 or 8 years, I believe). The way FUBO is growing their paid subscribers base, and the way the hours are increasing YoY, we can expect them to reach profitability sooner rather than later. When? I don’t have a crystal ball, if I do I’d be a billionaire. We can expect that as they continue to scale up and add more users, they will continue to increase their advertisement revenues (duh), and also that their cost of new client acquisition will become lower (also duh) + +&#x200B; + +**What are the risks?** + +* For FUBO to thrive and grow, they need live sports. COVID dented their growth due to professional sports suspending seasons. If we go into another massive lockdown (less and less likely as vaccines ever so slowly roll out), this could cause another dent in their growth. +* It’s still heavily shorted, as the price continues to go up (especially if they smash their guidance), expect some shady shit GME-style from hedge funds to bring the price down. + +**TLDR:** Awesome growth potential, heavily shorted (not at the GME scale, but still heavily shorted so you need to be mindful of that and potential WSB attention to the stock, or potential shady business from shorters). +# 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. +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! + +Newbies, stop asking about buying crude. This is not your golden opportunity. There is a reason nobody wants to take it. If it were as simple as buying some land and letting the barrels sit in a field, oil companies would have done that already. + +The truth of the matter is that storing crude oil is subject to a litany of federal, state, and local regulations that require you to build infrastructure to mitigate the effects of any spills that may occur, such as impervious walls, culverts, retention ponds, etc. This infrastructure requires extensive planning, regulatory approvals, and millions of dollars of investment. + +If you store crude improperly and wind up spilling thousands of gallons into the ground, you risk poisoning the local water supply for years or decades to come, as well as costing the government millions of taxpayer dollars to clean it up. + +So please, stop asking about buying crude. If you don't already own and operate a crude oil refining business, you have no business accepting delivery of it. I invite you to enjoy your fines, if you do. + +There's no such thing as a free lunch. + +[Penalties for SPCC Violations](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.epa.gov/sites/production/files/documents/311pen.pdf&ved=2ahUKEwjvso3PtfroAhUPmHIEHd6GA-4QFjABegQICxAG&usg=AOvVaw1PWoeG-OY1I_8VUIm6gQBo) +I really want to be responsible about this opportunity and make good decisions that have longterm payoff for me and my future family, but holy moly I don’t even know where to start. My mom raised my sister and I alone working several jobs at under minimum wage. So I felt like I was living large at $20 an hour , and now this ? It’s enough to make the room spin. + +Would really just love some feedback. Thank you +Correct me if I'm wrong but I feel like I'm reading a lot of people thinking about selling some shares in case of a crash this spring/early summer. "My portfolio is up 110&% since last crash" , etc. After watching an interview with Cathie Wood the other day -I'm close to hitting that sell button almost every second of the day but I'm trying my best not to. Would love to hear everyones take on this. +FYI: This [WSJ story](https://www.wsj.com/articles/the-crypto-party-is-over-11655524807) was posted before bitcoin fell below US$20,000 today + +*The cryptocurrency industry was built on swagger, enthusiasm and optimism. All three are in short supply these days, as losses and layoffs mount.* + +By Corrie Driebusch and Paul Vigna +June 18, 2022 12:00 am ET + +On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform. The words that splashed across the screen as the commercial ended read “Fortune favors the brave.” + +Last week, Crypto.com laid off 5% of its workforce as its chief executive officer said on Twitter that the company was making “difficult and necessary decisions.” + +The cryptocurrency industry was built in part on swagger, enthusiasm and optimism. Bitcoin backers’ rallying cry to rebuff skeptics was, “Have fun staying poor.” Those who didn’t buy in were letting the future pass them by. + +At times, crypto has looked like a combination of Beanie Babies, dot-com stocks and the Velvet Underground: It is manic, it is money, and all the cool people are into it. It has also shared characteristics with other bubbles throughout history, marked by speculation bordering on delusion, disregard and disrespect for risk, and greed. + +Now, with markets sliding and inflation plaguing the global economy, cryptocurrencies have been among the first assets sold. Since bitcoin hit an all-time high in November, roughly $2 trillion of cryptocurrency value—more than two-thirds of all the crypto that existed—has been erased. Bitcoin itself has plunged to $21,206, roughly 69% off its all-time high of $67,802.30. Crypto exchanges are bleeding users, crypto companies are laying off workers with at least one contemplating restructuring. + +The crypto world is no stranger to booms and busts, which many in the industry refer to as “winters.” But many investors and workers are feeling this crypto crash more acutely than previous ones. When the dust settles, some crypto products and companies may no longer exist. + +“The reality is that like stock, with crypto, everyone is a genius in a bull market,” said Mark Cuban, who became a billionaire during the dot-com boom in the ’90s and has more recently invested in a number of crypto projects. “Now that prices are falling for both, those companies that were unnaturally sustained by easy money will go away.” + +**The fever pitch** + +Bitcoin was launched as a form of electronic money in 2009 by an anonymous creator who went by the name Satoshi Nakamoto. + +Its price rose—unsteadily, haphazardly, often violently and with big crashes sprinkled throughout—as more people jumped in. Numerous factors drove the rise, but crypto investors often shared a belief that the existing financial system had failed and crypto was the future. + +In April 2021, the largest U.S. cryptocurrency exchange, Coinbase Global Inc., went public with an $85 billion valuation, becoming the first major bitcoin-focused public company. It was viewed as a watershed moment for the crypto world. + +In August, the city of Miami debuted MiamiCoin, a city-branded cryptocurrency. + +The cryptocurrency complex pushed individual investors hard to join in. Crypto.com’s spot featuring Mr. James was one of several crypto ads that ran during this year’s Super Bowl. Ads for crypto companies are now splashed across Major League Baseball umpires’ uniforms and several major-league and college-sports venues. Coinbase ran an ad during the NBA Finals. + +In May 2020, well-known hedge fund manager Paul Tudor Jones revealed that he had a small portion of his assets in bitcoin, and called it a “great speculation.” At the time, bitcoin was trading around $9,000. Other professional investors followed. Bill Miller. Alan Howard. Stanley Druckenmiller. Suddenly, crypto was OK for the mainstream, it appeared. + +Last December, the red letters spelling out “Staples Center” were pulled down from the famed Los Angeles venue, replaced by new signs reading “Crypto.com Arena,” after a $700 million naming-rights deal, believed to be the biggest in history. + +Earlier this year, more than 25,000 people showed up for a Miami crypto conference, a slew of events across the city and the endless parties. Miami Mayor Francis Suarez presided over the unveiling of an 11-foot long, 3,000-pound, black, techno-styled bull, to rival New York’s famous one on Wall Street. The centerpiece at the conference’s expo hall was a giant, smoking, papier-mâché volcano. A party at the Versace mansion featured live music and synchronized swimmers. + +The panels and speakers raved about bitcoin and its future. MicroStrategy Inc. co-founder Michael Saylor, who leveraged his business-software company and put more than 100,000 bitcoins, worth more than $6 billion at the peak, on its balance sheet, said: “I am more bullish than ever on bitcoin.” ARK Investment CEO Cathie Wood said bitcoin would rise to more than $1 million. PayPal Holdings Inc. co-founder Peter Thiel suggested bitcoiners should make an “enemies list” of people opposed to the cryptocurrency. + +At that conference and others, “you could see this certain amount of euphoria and sense of invincibility,” said Dan Gunsberg, who started investing in bitcoin in 2015 and today is the chief executive at crypto-based Hxro Network. Mr. Gunsberg said he knew the ebullience was a sign of trouble: “Nothing that moves that fast, that parabolic, can stay high. Gravity pulls it back to earth.” + +**The crash** + +As fear of inflation rages, traders and investors are dumping assets in their portfolio that they deem risky. Shares of unprofitable companies have dropped swiftly, with many newly public technology companies losing more than half their value in the first half of the year. Also high on the sell list: crypto. + +So far this year, bitcoin has lost more than half of its value and currently trades at its lowest level since late 2020. Ethereum, another popular cryptocurrency, has fallen around 68% so far this year. + +“There was absolutely a lot of hubris across a lot of asset classes. That led to a lot of greed and unsustainable business models and a lot of leverage in crypto. That’s collapsing now,” said Alex Thorn, head of firmwide research at Galaxy Digital Holdings Ltd, a crypto-focused financial-services firm. “A large number of crypto funds will not survive this.” + +Many don’t appreciate the degree to which the sector’s growth has been aided by a long-running bull market in stocks and the market-juicing policies of the world’s central banks, said Joel Kruger, a strategist at asset exchange LMAX Digital. It was the very system crypto sought to replace. + +“The irony of it all is the easy-money conditions since the 2008 crisis have lent themselves to the greatest period of risk-taking we’ve ever seen,” Mr. Kruger said. “That benefited cryptocurrencies.” + +**The fallout** + +In retrospect, Mr. Jones’s “great speculation” remark may end up being the most prescient comment on bitcoin. The braggadocio that marked so much of the crypto world is fading as those easy-money policies have been reversed and the bull market in stocks has disappeared. + +The carnage has spread from the cryptocurrencies themselves to companies that provide services in the market. For exchanges, trading activity drives the majority of their business, and with the selloff, revenues have fallen. Coinbase reported a $429.7 million first-quarter loss in May and said its users were fleeing the platform, even as its executives sold stock and pocketed profits. In June, for the first time since its founding in 2012, it laid off staff—nearly one-fifth of its workforce. Its stock now trades around $51, compared with its high of $429.54 on its first day of trading on April 14, 2021. Gemini, BlockFi, and big-spending Crypto.com have also let staffers go. + +In early May, persistent downward pressure in the crypto market broke something big: the stablecoin terraUSD, a cryptocurrency meant to hold a steady $1 value, collapsed due to what was essentially a run on the bank, taking along with it its sister coin, Luna. Almost overnight, $40 billion worth of the two cryptocurrencies were gone. That collapse has had downstream effects. Earlier in June, a large crypto-lending service called Celsius Network LLC, which had about $12 billion in user assets, froze withdrawals. The money is currently still locked up and the company has hired a law firm to try to work through its obligations and debts. Another lender, Babel Finance, on Friday suspended withdrawals and redemptions. + +Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has been considering strategic options, The Wall Street Journal reported Friday, including asset sales or a rescue by another firm, after it suffered major losses. + +Despite the losses, some investors remain optimistic. Marshall Johnson Jr., a 54-year-old education-television producer in Maryland, started buying bitcoin in 2021, when it was around $38,000. His plan at the time was to slowly put in enough money to own one full bitcoin. He still believes in bitcoin’s future, and hasn’t changed his plan despite the selloff and despite the fact that on paper he has lost money. In fact, given the drop in price, he figures he’ll reach his goal sooner. + +“I’m closer than I was a year ago,” he said, laughing. + +C.J. Wilson first heard of bitcoin in 2012. At the time, he was a Major League Baseball pitcher who lived in California and had spent his downtime buying and selling silver bars and gold coins. He said he viewed the digital currency with skepticism because he wasn’t sure how currency could be created on a computer. In 2019, after he retired from MLB, however, he read the white paper by Satoshi Nakamoto on bitcoin and was intrigued. + +A self-described insomniac, Mr. Wilson said he began trading bitcoin in the middle of the night, and soon started dabbling in other cryptocurrencies. “Sometimes you just look at them and think that’s a cool name,” he said. He attended crypto conferences all over the world, from San Francisco to London to Las Vegas. + +Mr. Wilson eventually refocused his attention on bitcoin. This past year, though, he said he started noticing signs of froth. When Crypto.com sponsored the Lakers’ arena, he started wondering, “Where are they getting all this money from?” He said he received invitations to yacht parties from people who had made it big in crypto. He noticed Coinbase’s CEO, Brian Armstrong, bought a home in California for $133 million. At the bitcoin conference in Miami this spring, he attended a glitzy party hosted by Gemini at a mansion. + +“To me, it makes you realize that was probably the top of the market,” he said. Mr. Wilson said he still believes in bitcoin, but this spring he started trading bitcoin more than simply holding it. + +The current flushing-out of the crypto world strikes some investors as similar to the late-1990s and internet companies. On the one hand, investors were correct during that bubble: The internet was the future. But that didn’t stop many of them from losing boatloads of money as hundreds of internet companies failed. + +“Long-term, we’re huge believers in crypto,” said Shaun Maguire, a partner at Sequoia Capital who invests in crypto. “But short-term, watch out.” + +Before the pandemic, Kelly Miller, 35, was a professional musician in San Francisco. He watched his income go to zero as the world shut down, and started investing in stocks through Robinhood Markets Inc. In January 2021 he decided to try buying some crypto coins, and purchased some dogecoin. He watched his small purchase soar in value before swiftly falling back. Despite the roller coaster, Mr. Kelly, who now lives in Istanbul, said he was hooked. Over the past year and a half, he’s bought bitcoin, Ethereum and solana, among others, with the most of his money in solana, he said. The latest downturn, which has hurt his portfolio, drove home to him the need for changes in the crypto world. + +“This space needs to be regulated, it needs to be safe for consumers,” he said. He said he believes there’s a lot of value in the underlying technology, and in NFTs in particular, but he said he’s worried selloffs like this current crypto winter will erode trust among investors. + +Dan Held got into bitcoin in 2012, attracted to the idea of a new money system at a time when most people hadn’t even heard of it. He moved to San Francisco from Texas, started going to bitcoin meetups and immersed himself in the culture. + +Mr. Held has been proselytizing bitcoin for years, and has a sizable Twitter following, but he was surprised earlier this year when he started getting recognized, both on the street and in an elevator in a Texas hotel. It was a sign to him of just how widespread the phenomenon had gotten. “I get recognized on the street? Walking around Austin?” he said. “That was really surprising.” + +His fervor is driven by the idea that bitcoin solves fundamental problems with the existing system. None of the crashes—not even the current one—has shaken that belief. + +“My thesis is the same as in 2012,” he said. “There’s so many other people like me, I don’t see this being the end of bitcoin.” +So I (reminder: 44f, single, no kids) accepted the start-up position per my last post (fingers crossed macro headwinds don't cause redundancy...). I've now got the summer off. I've been off for about 2 weeks already and getting bored. I went to stay with a friend in Paris but post-covid travel is a nightmare with travel staff shortages and people waiting for trains/planes etc. (at least in Europe) for 7 hours. I found it stressful. What can I usefully do that doesn't involve travelling. Useful upskills/learning stuff/FatFire related activities you'd recommend. Thanks, wise folks! +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! + +We have been struggling for a while and all I’ve wanted to do is lift us up and get us in a better spot, so when I got this call, it brought such a wave of relief and gratitude. All I want is to bring my wife and daughter the best life possible, and the idea of someone offering me the opportunity to give them more was nearly overwhelming. + +Thank you for reading and I offer my best wishes to all who are struggling. Take care everyone 🙂 + + +Edit: Thank you so much for your congratulations, encouragement, advice, and similar success stories. I’m grateful to you all and grateful for the opportunity I’ve been given. Thanks again and take care everyone :) +I've had an idea to go out and do Deliveroo driving with my girlfriend. It seems to me to be a good way of making some money and still spending time together. + +We both have a combined income of around £65k so it's not out of absolute economic necessity but feel it would help ease the cost of living crisis and maybe help me get clear my credit card debts / build up an emergency fund quicker. + +Really interested to hear if anyone is doing something similar and what they have found to be the pros and cons of it all. +On the 2 week mark from launch WenMoon is at an ATH and it doesn't look like it will be slowing down anytime soon. In addition, WenMoon is now sitting at the 4500 investor mark which means they have almost **doubled** the amount of investors over the past couple of days. It is still an **early buy** in opportunity for what I believe to be the best investment in crypto right now! + +The WenMoon token is gaining attention because of the announcements made about their decentralized application being built and their listing on 4/20. + +The Dapp being rolled out will be called *Profits* and WenMoon's goal for the application will be to allow for an **easier trading** and crypto tracking experience with key features being the difference maker. This will serve as a "One stop shop" and be the foundation for even **more to come**. Premium features will available with the purchase/holding of the WenMoon token. + +Don't miss out on an early buy in opportunity right now! Come 4/20 WenMoon will be listed on Hotbit and more exchanges to come after. + +More information on the development will be released as it progresses but it is refreshing to see a ground floor token actually have a path to success. + +Visit the [WenMoon](https://wenmoon.space/) website to learn more! There you will find various links you may find important 🎯 + +Or ask the [community](https://t.me/WenMoonTelegram) any questions you may have! +When you go to a casino for the first time, almost every one of them automatically give you free money just for signing up. I have been to 3 casinos in my life and all 3 of them did this. There is no catch. The casino does this because most people will continue to gamble away a lot more money, but you don’t have to do that. + +You can take the free money and usually go spend it directly on food at the restaurant inside the casino. There’s no catch or anything. + +So if you live near a casino, check out what kind of sign up bonuses they have and go for a free lunch. +Came upon this article about Chuck Feeney, cofounder of Duty Free Shoppers, who gave away his money to charity over the past several decades, pioneering Giving While Living, and is now broke at the age of 89: + +https://www.forbes.com/sites/stevenbertoni/2020/09/15/exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke/amp/ + +I’m curious what my fellow financial independence pursuers think about his story and the plan he chose for himself. +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? +For me it was Suncor. I bought at 18 and watched it drop to 15. Everyone said oil is a terrible play and that I should consider a clean energy etf. While it wasnt my most profitable pick for 2020 and 2021 it was the most contrarian. + +Riding the wave if you get in early can be profitable, but chasing it can end up disastrous. Any body have any contrarian plays that turned profitable or any upcoming contrarian plays?