diff --git "a/reddit_finance_43_250k_105.txt" "b/reddit_finance_43_250k_105.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_105.txt" @@ -0,0 +1,10000 @@ +&#x200B; + +***"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*** + +So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. **BTFD. HODL.** DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short šŸ˜)!!!! Basically, just keep being fucking awesome. šŸ¤™ + +Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now. + +**No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. šŸš€šŸš€šŸš€** + +&#x200B; + +**Stay strong and ever vigilant, my dudes. āœŒ** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan + +&#x200B; + +The GME lyricist just keeps giving us songs to share. šŸŽ¶šŸˆšŸŽ¶ + +&#x200B; + +This latest one makes Wes Christian look even more OG, which I didn't know was possible. + +&#x200B; + +[Here's the latest one from him](https://www.reddit.com/r/Superstonk/comments/nryidd/hold_the_gamestop_saga_soundtrack/), and be sure to check out his other songs he's posted here in Superstonk too. We love seeing the organic art created by the apes, for the apes!! You make the jungle beautiful!! šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DFV Tweets + +&#x200B; + +https://preview.redd.it/rti669fv0b371.jpg?width=1077&format=pjpg&auto=webp&s=260983ec2d40c00ffdff11d3364e4573baf49c53 + +https://preview.redd.it/2od54staxa371.jpg?width=1080&format=pjpg&auto=webp&s=12cea3627b312de263ebf336e498083df1c6eaaf + +https://preview.redd.it/gy30av7bxa371.jpg?width=1080&format=pjpg&auto=webp&s=aedf7452c6e3ed9b28487fbdaa3b510ddc104f64 + +https://preview.redd.it/qymsktrbxa371.jpg?width=1077&format=pjpg&auto=webp&s=6e99ec31ddc63b312e9b9f065835234fa1ca6718 + +https://preview.redd.it/z2at189cxa371.jpg?width=956&format=pjpg&auto=webp&s=bcbc7c1ad18549e5fee7cb4857531e4ae33594d0 + +O^(h) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +**Reddit down, wot do?** + +&#x200B; + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +&#x200B; + +https://preview.redd.it/4jqvt3of2b371.png?width=1600&format=png&auto=webp&s=947c075f671e3f350f38c73d6901ad8c334dff0b +# Looking for the DRS Mega Post? Find it here + +[When You Wish Upon A Star - A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Useful Links Provided By Computershare + +FAQ on [Becoming a registered shareholder in US-listed companies through Computershare](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +For shareholders who need assistance with their account (e.g. logging in, password reset, etc.), please review [FAQ](https://www-us.computershare.com/Investor/#Help/FAQ), [email](https://www-us.computershare.com/Investor/#Contact/Enquiry) or [virtual assistant](https://www-us.computershare.com/Investor/#Help) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Part 2 is Here! + +Weā€™ve collated your questions for part 2, from clarifications in part 1 to additional ones we did not get around to asking and more! A big thanks to Paul and the team over at Computershare for working with us, theyā€™ve been an absolute pleasure to work with. + +Thanks to the community for asking such smart, well thought out questions as well. + +You can find the full video here, on our new (non-monetised) [Youtube Channel](https://www.youtube.com/watch?v=bo427AW0anw). + +**Youtube Link:** [https://www.youtube.com/watch?v=bo427AW0anw](https://www.youtube.com/watch?v=bo427AW0anw) + +**Part 1 post link:** [https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare\_ama\_part\_1\_video\_link\_with/](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Timestamp Directory + +&#x200B; + +1. [Broker vs Computershare](https://youtu.be/bo427AW0anw?t=13) +2. [Sell Orders on Computershare](https://youtu.be/bo427AW0anw?t=165) +3. [Broker Selling & Direct Registered Shares](https://youtu.be/bo427AW0anw?t=400) +4. [Reporting on Direct Registered Shares](https://youtu.be/bo427AW0anw?t=570) +5. [**Book Entry vs Direct Stock Purchase Plan**](https://youtu.be/bo427AW0anw?t=669) +6. [Speed-Up the CS Verification Process](https://youtu.be/bo427AW0anw?t=848) +7. [Live Registration Counts](https://youtu.be/bo427AW0anw?t=1052) +8. [Platform Reliability](https://youtu.be/bo427AW0anw?t=1133) +9. [**Overstock**](https://youtu.be/bo427AW0anw?t=1225) +10. [**DTC & FAST**](https://youtu.be/bo427AW0anw?t=1406) +11. [**Issuers Encouraging DRS**](https://youtu.be/bo427AW0anw?t=1539) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# Transcript + +^(Please note, the transcript may not be 100% accurate as it was typed out by hand. Please refer to the video for full accuracy.) + +**Jsmar18** [00:00](https://youtu.be/bo427AW0anw) + +So for those who have not seen part one, our guest today is Paul Kahn, president of global capital markets at Computershare. Welcome back, Paul. + +**Paul Conn** [00:08](https://youtu.be/bo427AW0anw?t=8) + +Yeah. Thanks for having me back, Jack. Really appreciate the opportunity to do the part two. + +**Jsmar18** [00:13](https://youtu.be/bo427AW0anw?t=13) + +Yeah, we've got tons of follow up questions. So it's much appreciated. So to start off this AMA, I think the main thing that we noticed and want to clarify some details with you on it's taking a step back. And it might be helpful for our audience, if you can clearly define what the difference is between what a broker does versus what Computershare does? + +**Paul Conn** [00:34](https://youtu.be/bo427AW0anw?t=34) + +Okay. Well, that's a great question. I'm glad we're starting with that. I mean, it's clear from the discussion that's going on in the marketplace that people are comparing and contrasting the different types of transaction and dealing services that Computershare offers, and they are absolutely doing like a tail of the tape comparison to what online brokers offer like stepping right back, it's important to understand what a broker does, and what a transfer agent does. I'm not here to tell you what a broker does. But I can tell you what we do as a registrar and a transfer agent. We are able to offer these services in conjunction with our broker, a third party broker, but what we don't do is we don't offer financial advice. We're not financial advisors. So that's a key distinction, we offer the security. So we offer these services for the securities that we offer our corporate clients registry or transfer agency services for so we provide investors with access to a subset of the market, not all securities in the market, not other types of financial products and crypto and things like that. We don't provide cash accounts. So when people buy securities through us, we expect them to get the money to us, to enable us to do that transaction on their behalf equally when we sell securities on their behalf. We dispatch the funds to them, we don't run cash accounts in the same way that a broker does. That's another very important distinction. And perhaps the final distinction is we don't provide any facilities for leverage or margin or lending. So that's a fundamental difference between what we do in running registers for companies and through that registry process, being able to offer access to dealing services. So that helps your your audience kind of clear up some of the macro. I know we're focusing on the micro, the micro is important. But it's important to kind of set the stage in the macro terms first. + +**Jsmar18** [02:45](https://youtu.be/bo427AW0anw?t=165) + +Yeah, I certainly agree, especially since majority of what we'll go through is pretty micro, as you said. So moving on to the micro. We've got some clarifications from the last interview, and will tend to just jump around a bit in terms of the questions, so bear with me here. But one of the one of the largest ones that we discussed a lot last AMA was sell orders through CS. But there's still some vagueness around placing multiple orders at high prices, specifically. So I'm going to give this scenario, not what I'm saying it sounds correct, based on what we inferred from the last demo. So is it correct in saying that an order is capped at 1 million, but the maximum limit sell for a share, is at 250,000, which means you'll be able to place one order for four shares at a limit sale price of 250, totaling 1 million. + +**Paul Conn** [03:43](https://youtu.be/bo427AW0anw?t=223) + +Okay, I'm going to try not to be vague here, but I'm going to answer that in a yes and a no, and break it into its two constituent parts. The first relates to aggregate value, as opposed to limit order prices. As it relates to aggregate value, I mentioned that we had this $1 million threshold, but that people could put multiple orders in through the system, noticing that there is a lot of chatter around what happens when you have very high priced securities, you know, your the math that you just laid out, is correct. But what we're looking to do, and I can't give you a firm date on when this will happen, you know, next week or the following week, or I hope it will be in place before the end of the year, we're looking to significantly increase the aggregate value cap limit, and that would actually increase the number of shares that you could push through the pipe on any one order, while still having the ability to put multiple orders through the system. So that's something I'm hoping we'll be able to bring some relief to very quickly as it relates to this second element, which is around the maximum limit, or the price, that number is above 200,000 and below 250,000. We're still looking at that there are some technical changes that we would need to make and how we interact with our broker, we'd need to obviously have our straight through processing systems change to do with a higher limit order price. We're not yet at a point where we're ready to just start changing our systems. You know, we're well aware of the of the chatter that's going on, there's nothing stopping someone putting an order, a market order through us, you know, at a price that's much, much higher than that. Or indeed, someone could sell through their own third party broker if they wanted to. And these things are all interrelated. So looking to give some relief on the aggregate value cap per order, while still allowing multiple orders. Not yet looking to make any changes to the maximum limit order price. But recognize that market orders above that can go through into the marketplace, and that people can still continue to transact through their broker if they so choose. So hopefully that clarifies where we are. + +**Jsmar18** [06:24](https://youtu.be/bo427AW0anw?t=384) + +Yeah, that's fantastic. And I think people find it reassuring that you're actually looking into that as well. So it's appreciated. + +**Paul Conn** [06:33](https://youtu.be/bo427AW0anw?t=393) + +Yeah we are. There's a lot of work going on in the background to understand what these issues what may need to happen. + +**Jsmar18** [06:40](https://youtu.be/bo427AW0anw?t=400) + +Oh, awesome. So moving on to broker selling, you said in the part one of the AMA that people can directly register, people can be directly registered on your books themselves, through their self ready broker. I personally, I'd love to direct register my ship my shares and various stocks, but hold them in my broker. Could you describe how this process actually works, step by step? + +**Paul Conn** [07:03](https://youtu.be/bo427AW0anw?t=424) + +Yeah, I will inject I haven't been back through the transcript. And firstly, thank you for doing the transcript because I know that's very helpful to your audience. But I haven't been back in <to> check the transcripts specifically. But what I want to kind of convey, you can hold stock in your name, in DRS form, and deal through Computershare to sell or you can have your shares transferred to your broker. So you can affect the sale through your broker, you can't hold your shares at your broker and at Computershare at the same time, so they can only be in one place at any one time. So I just want to clear that point up. As for the question, I think you're asking, which is, can you hold your securities in DRS form at Computershare and execute an order on a brokerage platform? I think that's kind of where you're where's the of the logic is going and the answer to that is there's no reason why that can't happen. The issue really gets down to who the broker is how their brokerage platform works, and what the relationship is between the broker and the client. If we focus on some of the online platforms, where they require you to have stock in your account or cash in your account before an order can go on, it's highly likely the broker will say, you can't sell through the broker until the shares at DRS back from Computershare to the broker, which can be a particularly for US brokers, that can be a pretty efficient process. But ultimately, it is something which, you know, each person needs to talk to their own broker about to see what they would be prepared to do, whether they put the order on execute, and then bring the shares into the brokerage for settlement or whether they would require the transfer to come into the platform pre-execution of the order is kind of two different ways. + +**Jsmar18** [09:09](https://youtu.be/bo427AW0anw?t=549) + +Alright, good. Now that I think that's good clarification. I think maybe we got the wrong inference based on... + +**Paul Conn** [09:15](https://youtu.be/bo427AW0anw?t=555) + +Look, if I contributed to that. My apologies. No... + +**Jsmar18** [09:19](https://youtu.be/bo427AW0anw?t=559) + +No, no, not at all. I think it's it's very complex lingoā€¦ + +**Paul Conn** [09:23](https://youtu.be/bo427AW0anw?t=563) + +It's complicated. I've been doing this for four decades. I'm still learning things every month. + +**Jsmar18** [09:30](https://youtu.be/bo427AW0anw?t=570) + +I'm certain. So we also touched on direct share registering reporting as well. I think it's, everyone's asking this question. It's human nature to want certainty when there's a great deal of uncertainty. And you said that CS is unable to share the total number of direct registered shares of a stock and that falls mainly on the issue of a particular stock instead. So people are wondering if Computershare are able to share any metrics at all when it comes to stocks that you are the transfer agent for, such as total number of accounts, average shares per account, etc? Or is that just totally locked away and responsible for the issuer a response? + +**Paul Conn** [10:12](https://youtu.be/bo427AW0anw?t=612) + +So again, this is a good question, we have that data. It's all available on our systems, what we can do with that data is subject to a contract with a corporate client. So we're not at liberty to regularly distribute, or even distribute that information into the marketplace, we understand exactly why individuals are trying to understand how many investors go through the DRS process, and also the aggregate percentage of issued capital that they control. So we were talking to one or two of our clients about what this means. And I think there's a reasonable case for this information to be made available periodically. It's not something that we can do on our own, but Iā€™d like to think that that may happen in the not too distant future. + +**Jsmar18** [11:09](https://youtu.be/bo427AW0anw?t=669) + +Yeah, that's fair enough. I think, obviously, people want to understand what portion of retail investors have the company, so very natural. So when it comes to, I think clarifications for book entry versus direct stock purchase program, so we touched on it before, but we want to dive a bit deeper into it as well. And one of the main questions asked as a follow-up is the difference between book entry only shares and those purchase through the direct stock purchase program. Now, is there any difference in how these are directly registered? AKA, when it comes to ownership, direct registered in owner's name, but direct stock purchase is part of a pool. Does this mean that they are not in the owner's name in a way? + +**Paul Conn** [11:52](https://youtu.be/bo427AW0anw?t=712) + +Yeah, it's a good question. And we're going to go into another layer of detail here. So we've been very clear, when shares are registered in DRS, they're registered directly on the register of the company in the individuals own names. It's very, very straightforward. When people are buying shares through the plan, we record their names on a subclass within the register, so the names are visible to the issuer. So just like the regular common shares, they're visible. In a technical sense, we are holding a portion of those shares in a Computershare nominee, purely so that we can affect efficient settlement within the market through DTC. However, so that's kind of a general point, however, as I think I said last time, there's nothing stopping any investor at any point, removing shares from the plan holding to the DRS holding, it can be done electronically. It's free. There's nothing untoward here in what we're doing. It's really just about how we can organize the security so that we can offer this direct stock purchase plan facility efficiently. + +**Jsmar18** [13:16](https://youtu.be/bo427AW0anw?t=796) + +Okay, that's good to know. And are there any differences in how a hypothetical special dividends, <such as> an NFT dividend would be issued? With either of these plans? + +**Paul Conn** [13:27](https://youtu.be/bo427AW0anw?t=807) + +No, that's a good question. I really can't get into the hypotheticals. I can't because until such time as one of our clients says, we're going to have a special dividend, and this is how it's going to be structured. We won't have the opportunity to say, ā€œwell, how does it relate to this part of the facility or that part of the facility,ā€ but I would envision that if a company did that they'd want all of their shareholders on the register, be they in Drs, or the share plan to participate. But at the end of the day, that's going to be their decision. We would work with them early on to make sure they could give effect to that efficiently. + +**Jsmar18** [14:09](https://youtu.be/bo427AW0anw?t=848) + +Yeah, yeah. Okay, that's good. And last, but not least, is verification process tips that people are seeking. So as it takes a few weeks, if not for mail to route to international locations, when it comes to verification processing for those international customers, are there any tips you can offer us when it comes to expediting that process at all? + +**Paul Conn** [14:31](https://youtu.be/bo427AW0anw?t=871) + +So we know, some people are asking for expedited courrier to get that to them. I mean, we were very, very conscious of this issue. And since we last spoke, I've been working with Joe and Yin and the team at Computershare to see if we can actually solve this particular problem. We are looking at the two and multi-factor authentication thatā€™s not something that we can implement for investor center registration quickly at this stage. But getting right to the point, we are looking fairly soon as it relates to Europe to print and distribute the DRS statements and the pin packs from a UK facility so that we can, you know, truncate the need to cross the Atlantic. Clearly, if there's, you know, dispatch within the UK, that would be very efficient, or much more efficient, and hopefully crossing the Channel won't be too difficult, either easier than being mailed directly from the US into Europe. So I'm hoping that we can cut down some of the time through that particular process, the longer-term solution is to bring around a two or multi-factor authentication process. + +**Jsmar18** [15:52](https://youtu.be/bo427AW0anw?t=952) + +Awesome. That's absolutely fantastic. Fantastic to hear that your making progress, I'm not sure people will be very happy to start receiving the letter a shorter amount of time. + +**Paul Conn** [16:02](https://youtu.be/bo427AW0anw?t=962) + +Yeah, we mightā€¦ we are making some progress in two-factor authentication, once the investor is registered into investor centers. So you'll see we recently I think it was just last week or the week before introduced some two-factor authentication processes for people that already authenticated into Investor Center that's available now in Australia. For those people that are looking at our services in the US, we've recently introduced some very quick access solutions called Quick Access Hub. So people can Google this Computershare Quick Access Hub. You can register for SMS text notifications, and you can register for some very commonly used services. And within some of those services, we're using two-factor authentication. So you know, we're not quite as backwards as some people might haveā€¦ you believe we are. But I know on the I know, on the dispatch of the pin, it's still causing a lot of noise, a lot of pain, and we're doing what we can to get closer to the investors so we can mail from them starting from Europe, and then maybe we'll be able to replicate that in Canada and Australia and New Zealand. But that's a bit further down the track. + +**Jsmar18** [17:24](https://youtu.be/bo427AW0anw?t=1044) + +It's good to hear regardless, I thank you. I'm sure everyone will be very thankful as well. + +**Paul Conn** [17:29](https://youtu.be/bo427AW0anw?t=1049) + +I hope so we are trying. + +**Jsmar18** [17:32](https://youtu.be/bo427AW0anw?t=1052) + +So we're moving on to the functionality-related questions. Now, we will get to get into these in part one. But now we can get into them in part two. So people are interested in what capabilities Computershare provides for companies that choose you as that transfer agent. So the companies commonly opt-in for the feature that provides the option for live counts or registered shares. + +**Paul Conn** [17:57](https://youtu.be/bo427AW0anw?t=1077) + +So I think I touched on this last time, the corporate clients we have, have real time access to the register. So as we update the register, they are able to see the changes. I think that's a helpful point to note. However, I think I would separate that out from the company's ability to see what's going on inside the DTC where they don't have access to what's happening at a book entry level, either between brokers and banks, or between each of those broker or banks and their clients, there's no real time, visibility of those movements at all so. But as it relates to what comes onto our register, they can look into their registered through our web facilities at any time and see a live count at that snapshot in time. + +**Jsmar18** [18:53](https://youtu.be/bo427AW0anw?t=1133) + +Yeah, you're right. I think I definitely did answer that question. I mean, asked that question last time. So apologies. The next one, which I don't think I asked is platform reliability, which is kind of a concern as users of Reddit weā€™re used to a really unstable platform and not being able to log in regularly. So naturally, this concern flows across the broker platforms that we use or transfer agent platforms that we use, as well. So people are interested, what your team has done, essentially to ensure platform reliability? + +**Paul Conn** [19:27](https://youtu.be/bo427AW0anw?t=1167) + +Okay, so that's a good question. And I can assure you didn't ask this question last time, but I'm happy to answer it. We are regularly testing our platforms for volume processing, reliability, etc, etc. I mean, we're a regulated business. So we need to ensure that we can process the business that comes through the pipes efficiently. I think many of you will know that, today, in the US, Computershare already processes business from millions of investors, some who still hold pieces of paper called share certificates and many millions whose shares are registered in DRS form. So you never say volume is never an issue. However, I can assure you we're regularly testing our facilities. And as things currently stand, I don't see any cause for concern whatsoever. + +**Jsmar18** [20:26](https://youtu.be/bo427AW0anw?t=1225) + +Okay, that's great and reassuring to hear, so thanks. And we can move on to some more of the fun stuff now, which I'm sure people will be interested in which is touching on Overstock. So I believe you're allowed to talk about Overstock, as it's in the public domain. Is that right? + +**Paul Conn** [20:40](https://youtu.be/bo427AW0anw?t=1239) + +To the extent that it's in the public domain? No problem. I mean, beyond what's in the public domain is, is a client-agent issue. So... ask the questions, and I'll answer as much as I can. + +**Jsmar18** [20:54](https://youtu.be/bo427AW0anw?t=1254) + +Yeah, okay. No worries at all. I mean, he's kind of vague as well, this question. So feel free to say if you can't answer or go into specific details. It's no worry. So it'd be great to get a general understanding of how that process transpired when it came to the Overstock dividend. And essentially, what was the end result for the shareholders who directly registered Overstock and held with their brokers? + +**Paul Conn** [21:18](https://youtu.be/bo427AW0anw?t=1277) + +Okay, that's a good question. And look, I can talk about that, in general terms. Overstock distributed a stock dividend, and that was subjected to a regulatory filing. So I'm sure Overstock wouldn't mind if we updated our FAQ to include a link to the filing so that people who were interested in getting into the detail can go off and take a look at the fine detail, but it was a stock dividend distribution. We were asked to create the entitlements on Overstockā€™s subsidiary T zeros blockchain. So we calculated the entitlement to the dividend. We distributed the dividend and we updated wallets on that particular blockchain. It was also distributed to Cede and Co and the DTC nominee holds securities on the ledger. And DTC obviously took the entitlements that it had, and passed them through into the hands of banks and brokers. But that's, you know, one step beyond what we're able to distribute, we can distribute to the direct registered shareholders, whether they're in DRS form or certificated form. And they all went on to the ledger directly. And shares that were held by banks and brokers were distributed through the DTC system. + +**Jsmar18** [22:59](https://youtu.be/bo427AW0anw?t=1379) + +When it comes that wallet, are you saying that you had to pre create the wallet and send the distribution there? + +**Paul Conn** [23:08](https://youtu.be/bo427AW0anw?t=1388) + +Can I answer that through the FAQ? Because I'm a little rusty, I believe we did. But we'll letā€™s... let us come back to include that in the FAQ about who actually populated the wallet. I believe we did. And I just want to be absolutely certain before answering that definitively. + +**Jsmar18** [23:26](https://youtu.be/bo427AW0anw?t=1406) + +Yeah, I'll put in the transcripts for people to reference when they get to this point as well. Yeah, perfect. Okay. All right. But that's really interesting. Thanks for that I didn't really have a great understanding of the Overstock process in terms of how it works. So thanks for going through it. The next section that we want to move on to is the DTC and Fast. We didn't really touch on it too much before especially the Fast component of how that transfer system works. And people have been really curious about why shareholders are not more encouraged to direct register their shares in the name. So I want to understand what your take on this is, as it's essentially a direct competitor of the DTC in a way. + +**Paul Conn** [24:09](https://youtu.be/bo427AW0anw?t=1449) + +Okay, so there's probably three parts to that question, and we're going to need to remind me as we work through that, but dealing with the Fast agent issue first versus DRS. Generally, the Fast agent arrangement relates to the administration of the Cede and Co. holding for DTC. Yes, as securities come out of DTC and we debit their account and credit your account, Jack in DRS form. We're performing some of that processing on behalf of DTC for its account under the Fast agent rules. The DRS rules that relate to you coming on to the register are quite separate. From that, and I know, you know, there's been some discussion that conflates those particular issues, but they really are quite distinct and separate. And the Fast rules are what enable us to run the Cede and Co. account for DTC without having to have a physical certificate go backwards and forwards between us or for them to hold their securities in DRS. So they have a kind of special-purpose uncertificated account and it's under those Fast agent rules. That's the first part of it. Okay, can you give me the second part again, please, because this whole... + +**Jsmar18** [25:39](https://youtu.be/bo427AW0anw?t=1539) + +So people are interested on your take in regards to why people aren't more encouraged... + +**Paul Conn** [25:46](https://youtu.be/bo427AW0anw?t=1546) + +Okay. So, again, I think this issue is it may also be being conflated. And it's probably because, you know, this is not a common everyday occurrence. But I think there is, there's a delineation between issuers are not able to withdraw all of their securities from DTC. That's a DTC rule. You know, I can't speak to that rule one way or the other, but it is there, and issuers don't have the ability to just pull their shareholdersā€™ securities out of the system. So that I think is governed by a rule. The piece that I'm not sure is whether that extends to issuers being able to just tell their shareholders, what options they have available to them, one being their right to exercise choice to have their shares registered in DRS form. I think I don't think there's any legal impediment to that, I'm not a lawyer. I'm happy to keep having a look at that and talking to our team about that. But I think there's a subtle difference between those two examples that I just gave, but I think the discussion in the marketplace and in the forum is conflating those points. I don't think there's an issue with a company telling their clients that they have a choice as to how they can hold their securities, e.g. in the street through a bank or broker, or in DRS form. They just can't, on a wholesale basis, say we're going to take all of our shareholdersā€™ securities out of the street system, which is obviously a fundamentally different thing. + +**Jsmar18** [27:29](https://youtu.be/bo427AW0anw?t=1648) + +Yeah. Okay. I think that's an interesting perspective, because I think we've definitely been under the assumption that DRS isn't widely known about because the issuing companies aren't allowed to tell retail Hey, DRS your shares, these are the benefits associated with doing the direct registration. + +**Paul Conn** [27:49](https://youtu.be/bo427AW0anw?t=1670) + +I mean, this might go to the third part of your question, which was really, I think, really more about competitive LRS. I think just, I mean, going back to the people know about it, I think, you know, banks and brokers have an interest in performing efficient clearing and settlement of trades that are executed on the marketplace. The way in which they can do that most effectively is by having their clients holding their securities through the DTC system. So I think, you know, banks and brokers would have a preference to clients holding in that particular way. I think many brokers would be very happy to register their clients in DRS form, if that's what the client asked for. But I think over time, it's almost this DRS system has been around for the best part of 20 years, if not 20 years, but it's clear that recent events are focusing the spotlight on it. And it's almost as if it's just been discovered, but that's probably, you know, a number of brokers, particularly those that deal in an online environment don't really want to interact with external registers. So they just, the brokers want the securities to come into the street system. + +**Jsmar18** [29:10](https://youtu.be/bo427AW0anw?t=1751) + +Okay, well, that wraps up all the questions we have. Itā€™s much appreciated. I think your time, your teamā€™s time, Computershareā€™s time for reviewing our questions. And you know, just giving us quality information is really greatly appreciated. + +**Paul Conn** [29:25](https://youtu.be/bo427AW0anw?t=1765) + +You're welcome, Jack. And thanks very much for the opportunity to come back and complete part two, there was a lot to get in a single session. I'm glad we've been able to chop it up into two sessions, and we'll continue to monitor the discussion and I'm sure people will make their feelings known as we know. We understand that. We're catching up slowly. + +**Jsmar18** [29:47](https://youtu.be/bo427AW0anw?t=1788) + +We'll be back for part three next year as the questions start rolling in. + +**Paul Conn** [29:52](https://youtu.be/bo427AW0anw?t=1792) + +I look forward to that. Great, thanks. Okay. Thank you. +I'm curious to hear from the many users who have yet to DRS a single share. Obviously everyone is welcome here, and we are all free to invest nothing or invest it all. + +But I'd love to hear from people who haven't DRS'd yet, and if there is anything that would make you consider DRS'ing just one lone share. +Weā€™re all fucking buying and it just KEEPS dropping. + +Iā€™ve seen like 10 10k+ orders. I just bought 700 more AND IT KEEPS DROPPING + +I think weā€™re in the final round. Iā€™d suggest you save some ammo and wait until they dip it sub 50. And then give them HELL. + +(NFA) +I recently got a decent paycheck (~120k) I've been hanging onto and I am planning to put it in solid index stocks. Mainly VOO an VTI. + +What's everyone else up to? + + [Goldman Sachs, Deutsche Bank and Bear Stearns created](https://www.deepcapture.com/2010/04/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/) self destructing CDOs to crash the market in 2008 + +> In a civil suit filed Friday, the Securities and Exchange Commission charged Goldman Sachs with fraud for helping hedge fund manager John Paulson create collateralized debt obligations that he had secretly designed to self-destruct. That is, Goldman Sachs, at the direction of Paulson, hand-picked mortgages that were certain to go bad, and stuffed the mortgages (or rather, ā€œsyntheticā€ derivatives of the mortgages) into collateralized debt obligations that temporarily masked the true value of the loans. + +> Goldman isnā€™t the only bank that created these CDOs. Deutsche Bank, UBS, and smaller outfits, such as Tricadia Inc., perpetrated similar scams. All told, well over $250 billion worth of theseĀ  ā€œsyntheticā€ CDOs were sold into the market in the two years leading up to the financial crisis of 2008. Indeed, there is a distinct possibility that a majority of all the CDOs sold during those two years were deliberately designed to implode by hedge fund managers who were betting against both the CDOs and the financial system as a whole. +&nbsp; + +Here's [what they were doing](https://www.deepcapture.com/2010/01/john-paulson-and-the-greatest-pump-and-short-fraud-ever/) + +> An example of a particularly sordid scheme, orchestrated by hedge fund billionaire John Paulson, was discovered some time ago by David Fiderer, a blogger for the Huffington Post. The information in Fidererā€™s blog is rather incriminating, and, of course, the mainstream media is not on the case, so I think it bears repeating. + +> As Fiderer explains, Paulson asked the banks to create those CDOs ā€œso that they could be sold to some suckers at close to par. That way, Paulsonā€™s hedge fund could approach some other sucker who would sell an insurance policy, or credit default swap, on the newly minted CDOs. Bear, Deutsche and Goldman knew perfectly well what Paulsonā€™s motivation was. He made no secret of his belief that the CDOs subordinate claims on the mortgage collateral were close to worthless. By the time others have figured out the fatal flaws in these securities which had been ignored by the rating agencies, Paulson could collect up to $5 billion. + +> ā€œPaulson not only initiated these transactions, he also specified the terms he wanted, identifying which mortgages would be stuffed into the CDOs, and how the CDOs should be structured. Within the overall framework set by Paulsonā€™s team, banks and investors were allowed to do some minor tweaking.ā€ + +&nbsp; + +The only guy to go to jail, [was running from this](https://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/) and turned himself in (this story includes Jim Cramer) + +> Evidence suggests that Bernard Madoff, the ā€œprominentā€ Wall Street operator and former chairman of the NASDAQ stock market, hadĀ ties to the Russian Mafia, Moscow-based oligarchs, and the Genovese organized crime family. + +> And, asĀ reported byĀ Deep CaptureĀ andĀ Reuters, Madoff did not just orchestrate a $50 billion Ponzi scheme. He was also the principal architect of SEC rules that made it easier for ā€œnakedā€ short sellers to manufacture phantom stock and destroy public companies ā€“ a factor in the near total collapse of the American financial system. + + + +[Part two](https://www.deepcapture.com/2009/10/on-rolling-stone-penson-financial-the-mafia-and-naked-short-selling/) + +> Things become all the moreĀ weirdĀ when you consider that regulators and law enforcement do almost nothing to stop naked short selling, even though a growing number of prominent people ā€“ everyone from U.S. Senators to George Soros ā€“ insist that criminal naked short sellers helped take down Bear Stearns, Lehman Brothers, and the American financial system. Then thereā€™s theĀ weirdĀ fact that anybody who tries to shed light on thisĀ weirdĀ state of affairs is quickly subjected to smear campaigns that areā€¦weird. + +&nbsp; + +By 2011 the FBI is saying publicly its still a problem and they're capturing regulations. + +> [They may be former members of nation-state governments, security services, or the military. These individuals know who and what to target, and how best to do it. They are capitalists and entrepreneurs. But they are also master criminals who move easily between the licit and illicit worlds. And in some cases, these organizations are as forward-leaning as Fortune 500 companies.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> This is not ā€œThe Sopranos,ā€ with six guys sitting in a diner, shaking down a local business owner for $50 dollars a week. [These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> These crimes are not easily categorized. Nor can the damage, the dollar loss, or the ripple effects be easily calculated. It is much like a Venn diagram, where one crime intersects with another, in different jurisdictions, and with different groups. + +> How does this impact you? You may not recognize the source, but you will feel the effects. [You might pay more for a gallon of gas. You might pay more for a luxury car from overseas. You will pay more for health care, mortgages, clothes, and food.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> Yet we are concerned with more than just the financial impact. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. [They may try to manipulate those at the highest levels of government. Indeed, these so-called ā€œiron trianglesā€ of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +&nbsp; + +And these days we've got Citadel [playing games with Goldman Sachs](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) who was the center of 2008 and [is still being sued over it.](https://www.reuters.com/article/goldman-sachs-lawsuit-idCNL1N2ST1UU) + +> NEW YORKĀ Dec 8, 2021 (Reuters) - Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled on Wednesday. + +> U.S. District Judge Paul Crotty in Manhattan rejected Goldman's claim that its general statements about its business, including that client interests "always come first" and "integrity and honesty are at the heart of our business," were too generic to mislead investors and affect its stock price. + +&nbsp; + +.... Do you remember [what came back in 2019 a few months before the secret $4.5 trillion bailout?](https://www.bloomberg.com/news/articles/2019-05-02/hedge-funds-resurrect-cdo-trade-this-time-they-say-it-will-work) + + +> [Out of the $4.5 trillion in loans for Q4 2019, the bulk of it went to Goldman Sachs (103 instances), JPMorgan Chase (197 instances), Deutsche Bank (200 instances), and Citigroup (143 instances).](https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/) + +&nbsp; + + +Now we're currently in a situation [where Moody's is refusing to downgrade defaulting companies to prop up the place](https://www.reddit.com/r/Superstonk/comments/s6hlww/moodys_is_the_one_seemingly_lagging_behind_in/) even going as far as [upgrading Citadel](https://i.imgur.com/jGrjr5F.jpg) in the middle of all this. So that insurance won't have to pay. + +&nbsp; + +*** + +Change of topics, rehypothecation - 2008 to now. + +> [LibertyView Capital Management Inc. of Hoboken, New Jersey, owned by Lehman's Neuberger Berman unit, told investors on September 26 it had suspended "until further notice" attempts notice" attempts to calculate the value of its funds. LibertyView was not included in the Sept. 29 sale of Neuberger to Bain Capital LLC and Hellman & Friedman LLC.]( +https://economictimes.indiatimes.com/news/international/lehman-hedge-fund-clients-left-cold-as-assets-frozen/articleshow/3551534.cms) + + +> PricewaterhouseCoopers, Lehman's bankruptcy administrator in the U.K., where its European prime brokerage was based, doesn't know how much money is at stake. [PwC said last month it's trying to recoup about $8 billion in cash that Lehman's parent company allegedly withdrew from its European unit before the collapse. It will take weeks, if not longer, to sort out the mess, according to PwC.](https://economictimes.indiatimes.com/news/international/lehman-hedge-fund-clients-left-cold-as-assets-frozen/articleshow/3551534.cms) + + + +&nbsp; + +> Oak Group used Lehman's unit in London because it allowed the fund to borrow more than US prime brokers, James said. Operating under different regulatory requirements, European prime brokers have been more generous than their US counterparts, sometimes even within the same parent company, said Michael Romanek, principal at Rise Partners Ltd., which arranges financing for funds from London. "A lot of US managers would rather deal with Europe than New York," said Romanek. "Rarely do you see it go the other way." James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients. + + + +&nbsp; + + +Read that again! These guys rehypothecate shares on top of [internalizing orders with PFOF](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) (Madoff) + + + +> James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients. + +&nbsp; + +Then... 2009 + + +> MR. NAGEL: On behalf of Citadel Investment Group, I'd like to thank the Commission and the staff for the +opportunity to be here today. At Citadel, we have over 19 years of experience as an active securities lending market participant. + +> And to support our private fund and market making businesses, we've built infrastructure that allow us to deal directly with the primary sources of securities loans, supply and demand, rather than rely entirely on intermediaries. Based on this experience, we believe that a well-functioning securities-lending market benefits all investors. + +> [Owners of securities can generate additional income or obtain financing by lending securities. Securities +lending also contributes to tight bid-offer spreads and market liquidity by enabling the orderly settlement of short sales.](https://www.sec.gov/news/openmeetings/2009/roundtable-transcript-092909.pdf) + +> At the Commission's May Short Sale Roundtable, I +explained Citadel's view that short selling benefits all investors and our economy by promoting liquidity and price discovery, and serving as a risk management tool for investors. + +> While the securities lending market has made great strides in recent years, we believe there is still +substantial work to be done before the securities lending market can reach its full potential. Despite its growing size, the securities lending market remains relatively opaque because there is little centralized collection or dissemination of loan pricing data. + +> Many securities loans are still bilaterally +negotiated between market intermediaries on the phone or by email and each party to a securities loan generally faces the credit risk of the other party for the duration of the loan. + +> Until recently, no centralized venue existed where borrowers and lenders could readily find each other and transact directly + +&nbsp; + +> In the U.S., margin regulations allow a customer to buy securities and they can pay for half of it and borrow the other half from their broker dealer. The portion of the securities that they don't pay for when they buy the securities -- the piece that they've, in effect, bought on margin -- the broker dealer is allowed to use those securities to help raise cash to replenish its own bank account for the money its lent to the customer. That term is rehypothecation -- I'm sorry, it's a very long word -- but it means basically to borrow securities in this case. + +> And the broker dealer can take those rehypothecated securities, those securities that were bought on margin, and pledge them to a bank to borrow money to replenish its cash supply, or it can lend securities to another party, and by doing so it replenishes its cash supply + + +That last part is important, the list of prime brokers/custodianā€™s that [Citadel has access to](https://imgur.com/a/67S62yU) means they could weave one giant web with themself/VIRTU + + +&nbsp; + + +Here's [Citadel's 2019 financial statement,](https://www.sec.gov/Archives/edgar/data/1146184/000114618420000006/CDRG_StmtFinCndtn2019.pdf) saying this. + + +> Collateralized Transactions +The Company enters into reverse repurchase agreements, repurchase +agreements and securities borrowed and securities loaned transactions to, among other things, acquire securities to cover short positions and settle other securities obligations and to finance certain of the Companyā€™s activities. The Company manages credit exposure arising from such transactions by, in appropriate circumstances, entering into master netting agreements and collateral arrangements with counterparties. In the event of a counterparty default (such as bankruptcy or a counterpartyā€™s failure to pay or perform), these agreements provide the Company the right to terminate such agreement, net the Companyā€™s rights and obligations under such agreement, buy-in undelivered securities and liquidate and set off collateral against any net obligation remaining by the counterparty. + + +> During the year ended December 31, 2019, the Company had reverse repurchase and repurchase agreements with Citadel Securities Institutional LLC (ā€œCSINā€), an affiliated broker and dealer, and Citadel Securities Swap Dealer LLC (ā€œCSSDā€), an affiliated swap dealer (Note 6), and non-affiliates. Securities borrowing and lending transactions are collateralized by pledging cash or securities, which typically include equity securities and are collateralized as a percentage of the fair value of the securities borrowed or loaned. Reverse repurchase and repurchase agreements are collateralized primarily by receiving or pledging securities, respectively. + +> Typically, the Company has rights of rehypothecation with respect to the securities collateral received under reverse repurchase agreements and the underlying securities received under securities borrowed transactions. As of December 31, 2019, substantially all securities received under securities borrowed transactions have been delivered or repledged. + +> The counterparty generally has rights of rehypothecation with respect +to securities collateral pledged by the Company for securities borrowed by the Company. The counterparty generally has rights of rehypothecation with respect to the securities collateral received from the Company under repurchase agreements and the securities loaned from the Company to such counterparty. Also, the Company typically has rights of rehypothecation related to securities collateral received from counterparties for securities loaned to those counterparties. + +> The Company monitors the fair value of underlying securities in comparison to the related receivable or payable and as necessary, transfers or requests additional collateral as provided under the applicable agreement to ensure transactions are adequately collateralized. + + +&nbsp; + +Here's [Dennis Kelleher talking about rehypothecation during the GameStop hearing](https://www.youtube.com/watch?v=chogYSWCA24&t=802s) calling it "a house of cards" + + + +&nbsp; + +ELIAPE: + +They call a bank and get a margin loan, half the securities they get with it can be rehypothecated. They, have those agreements with themselves. So they get one loan, and then get the same share multiple times, giving themselves money in the process. + +> > During the year ended December 31, 2019, the Company had reverse repurchase and repurchase agreements with Citadel Securities Institutional LLC (ā€œCSINā€), an affiliated broker and dealer, and Citadel Securities Swap Dealer LLC (ā€œCSSDā€), an affiliated swap dealer (Note 6), and non-affiliates. Securities borrowing and lending transactions are collateralized by pledging cash or securities, which typically include equity securities and are collateralized as a percentage of the fair value of the securities borrowed or loaned. + + +One can use it to 'fulfill' naked shorts, one can use it to short the ticker, one can use it to sell at market, not on a dark pool to crash the price. + + +All they need is a shady bank, or 5 to help them. Bank makes a kickback for how many places buy it, they don't care that all forms of Citadel are using it to crash the price in the name of "liquidity" + + +> In the U.S., margin regulations allow a customer to buy securities and they can pay for half of it and borrow the other half from their broker dealer. The portion of the securities that they don't pay for when they buy the securities -- the piece that they've, in effect, bought on margin -- the broker dealer is allowed to use those securities to help raise cash to replenish its own bank account for the money its lent to the customer. That term is rehypothecation -- I'm sorry, it's a very long word -- but it means basically to borrow securities in this case. + +> And the broker dealer can take those rehypothecated securities, those securities that were bought on margin, and pledge them to a bank to borrow money to replenish its cash supply, or it can lend securities to another party, and by doing so it replenishes its cash supply + + +They also can all use the same share as collateral for more loans, to do it again + +&nbsp; + + +*** + +New subject, naked shorting. + +2008, the SEC [admitting it's happening and issues new rules.](https://www.sec.gov/news/press/2008/2008-204.htm) + +> Washington, D.C., Sept. 17, 2008 ā€” The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector. The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008. + + +> New Short Selling Rules + +> "These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," said SEC Chairman Christopher Cox. "The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation." + +&nbsp; + +[It currently is possible through Canada](https://www.reddit.com/r/Superstonk/comments/suvxgc/hot_potato_through_the_tunnel_under_the_border_a/) well, guess who [has Canadian companies](https://imgur.com/a/4sbeJCq) + +&nbsp; + +And then [this happens and the SEC hides names](https://www.natlawreview.com/article/sec-brings-naked-short-selling-case) + +> on May 19, 2021, the SEC charged a broker-dealer (ā€œBDā€) with violating the order-making and locate provisions of Regulation SHO.[1] Regulation SHO regulates short sales of securities and, broadly speaking, is aimed at minimizing naked short selling, failures to deliver, and other practices. + +> According to the Complaint, the BD mismarked 96% of a certain hedge fundā€™s short sale orders of two separate issuersā€™ stock, totaling more than $250 million, as ā€œlongā€ or ā€œshort-exempt.ā€ This mismarking allegedly generated $1.6 million in brokerage fees to the BD. The effect of the mismarking was that the hedge fund was able to sell the securities short even though it already had a short position in the securities and did not borrow or locate additional shares to sell short. + +&nbsp; + +Well [look who has been sued for that situation before](https://www.reddit.com/gallery/qd27v5) and there's a lawsuit from 2017 [detailing what bullshit their algos actually are](https://imgur.com/a/xfpedtI) + +&nbsp; + +*** + +Craziest part about this? + +[Citadel's money is mostly foreign](https://imgur.com/a/sroliPP) + +Now let me remind you [what Hester Peirce](https://www.reddit.com/r/Superstonk/comments/rl2bfw/hester_peirce_the_other_dissenting_commissioner/) and [Elad Roisman](https://www.reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) of the SEC were protecting. + +> [As a law firm representing a number of clients actively involved in markets for swaps +and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by +the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the +Securities and Exchange Commission (the "SEC," and, together with the CFTC, the +"Commissions") that define key terms used and exemptions provided for in Title VII ofthe +Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.*** + +> The Commissions' final rules should exempt or exclude non-U.S. governments and their +agencies from the definition of "swap dealer" and "major swap participant." Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +> We do not believe that Congress intended the requirements of Title VII to apply to these +entities, many of which are active participants in the swaps markets for legitimate governmental +purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and +major swap participants would produce an incongruous result and would represent both an +unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the +sovereignty of foreign nations. + +> While it may be unlikely that any non-U.S. government or any of its agencies would meet +the definition of swap dealer, they are unquestionably significant participants in the swap +markets. Under the proposed rules, they could face the prospect of registration with the +Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory +authority, and business conduct rules designed for commercial entities. + +&nbsp; + +*** + +You think this is bad? [Citadel internalizes treasury orders too](https://imgur.com/7vEp7KK.jpg) that's probably not good when [Citadel is 7 of 8 of the clearing members](https://i.redd.it/qcsfdlq0by471.png) for treasuries + +> [Fixed Income Clearing Corporation (FICC), a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), is the leading provider of trade comparison, netting and settlement for the U.S. Government securities marketplace. FICCā€™s Government Securities Division (GSD) was established in 1986 to provide automated comparison and settlement services, risk-management benefits and operational efficiencies to the Government securities industry](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) + +&nbsp; + +Oh wait, the FSOC told us it wasn't good. Right after the sneeze, (which they state there was a $1.1B Backtesting deficiency days before) [they say the treasury market suddenly lost liquidity](https://imgur.com/a/P3qYrOl) + +&nbsp; + +*** + +Now we ask, why are these things not showing up on anyone's books? + +Well [BNY Mellon holds them in Brazil for you](https://imgur.com/2uTQgH9.jpg) and we know they are American based holdings as [BNY's ADV form says they have ZERO foreign clients](https://imgur.com/a/s9uoeHA). + +Maybe you're asking yourself how this could happen, [well, Goldman has been there too](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) and BNY [didn't exactly care before](https://i.redd.it/4rsmlzn90vu71.jpg) + + +&nbsp; + +And if somehow you still want more to read [read up on Jim Cramer and his bullshit](https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf) (pdf) +# Vanitytoken # + +We generate vanity addresses which are customized and, are used to categorise your wallets. Or just to show off We aim to provide our customers with their personalised address, which they can choose themselves, or choose from a preset library. + +# How do we ensure safety and security? # + +We use a technique called split-key vanity address generation. This is a type of vanity address, generated from one or more ECDSA private keys. The general use case is when a user makes a key-pair and only shares his public key. Everybody can use this public key to find the complementary public key leading to a vanity address. The user can then merge his private key with the complementary private key, leading to the private key of the vanity address. +# In more simple terms: + +1. You generate 2 Keys , One is your private, one you send to us +2. Using The key you sent us, we can generate the vanity address you want +3. We then send back another code , which you merge to generate the address! +4. Now you are the only holder of the private key, and your new vanity address. + +# How does the store work and how are prices determined? + +The store allows you to specify your desired vanity address, the longer the number/letter, the more time consuming the generation is. This is why longer addresses are more expensive. Everything is paid in our tokens. 50% of all tokens used in a purchase are getting burned, an 20% is getting redistributed. the remaining 30% is used for servers. We are renting servers which use 5x 3090's to generate the addresses. + +# šŸ’¬ Telegram: t.me/vanitytoken + +# šŸŒ Website: vanitytoken.net + +&#x200B; + +&#x200B; + +## Some essential information about $VANITY: + +|Marketing/Vanity Generation|Burn|Reflection to holders| +|:-|:-|:-| +|The marketing/Vanity Generation wallet receives 2% of transactions. This is used for expensive servers which generate addresses, which are given away. The rest is used for marketing purposes.|2% of all transactions are burned indefinitely. This will gradually increase the value of all other tokens.|4% of all transactions are automatically redistributed to all holders.| +Hi everyone! + +Weā€™re really excited to be here engaging with the passionate [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) community. + +Today, both me (Sunny Lu, [/u/cryptoSunnyL](https://www.reddit.com/u/cryptoSunnyL/)) and my colleague Peter Zhou ([/u/PeterZhouzzz](https://www.reddit.com/u/PeterZhouzzz/)) will be representing VeChain as CEO as well as Chief Scientist to answer any questions from the community. + +[https://twitter.com/sunshinelu24/status/1387375448355524611?s=20](https://twitter.com/sunshinelu24/status/1387375448355524611?s=20) + +[https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20](https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20) + +Weā€™ll be answering your questions for a duration of **3 hours (April 28 2021, 7AM PST - 10AM PST (10PM to 1AM UTC+8)**, so donā€™t hesitate to ask any questions now and live during the session and weā€™ll answer them as best as we can! + +**We've also just launched** [**a brand new 1 Million USD Grant Program**](https://medium.com/vechain-foundation/announcing-one-million-usd-grant-program-for-the-vechain-enft-ecosystem-7e2e6eea02e2) **for developers to build their NFT, DeFi, Gaming, etc projects on VeChain to kickstart our eNFT ecosystem. Join us and take advantage of our huge community by being a first mover in our ecosystem!** + +The [VeChainThor blockchain](http://vechain.org) has already been applied across a diverse array of use cases including **Walmart China, Bayer China, BMW Group, BYD Auto, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group** and more. We've pioneered [VeChain ToolChain](https://www.vechain.com/product/toolchain), a BaaS suite that allows enterprises to deploy full featured blockchain solutions without any technical knowledge required. Numerous products on shelves in Walmart China are already being tracked using VeChain with more being gradually added, and we have tens of thousands of transactions daily just for Walmart alone. Our journey has just started. + +Weā€™re also [a smart contract and dApp platform](http://docs.vechain.org) that is fast, low cost and scalable. For those of you who didnā€™t know, we welcome you to build your project on our blockchain. NFTs, DeFi, Gaming, Yield Farming, you name it, we can support it. [Grants are also available](https://www.vechain.org/builders/) to kickstart your project. + +Ahead of our numerous progress updates this year and the **PoA 2.0** upgrade, which will massively upgrade our scalability and security even further, weā€™ve decided to engage with the crypto community with this AMA. + +Weā€™re also working on something exciting: [An Enterprise NFT Ecosystem](https://vechainofficial.medium.com/the-future-of-vechainthor-enterprise-nft-enft-ecosystem-137589e53974), that will support enterprise-related NFT applications, with a system and resources readily available to help enterprise-level users to create and issue NFTs to support their ecosystem growth. + +Without further ado, ask away anything related to enterprise blockchain adoption, VeChain related topics, NFTs, and anything on your mind! See you soon! + +***What is VeChain?*** + +VeChain project launched in 2015. VeChainThor is an enterprise-level public blockchain and we have worked tirelessly to build the bridges between blockchain technology and the real world. Weā€™ve been through the entire process of building an entire network dedicated to be scalable, efficient and cost-effective, transitioning from consortium network to best-in-class public blockchain platform using our Proof of Authority consensus. + +The VeChainThor blockchain is powered by the VET and VTHO currencies with a dual-token model, offering best-in-industry transaction speed, scalability and costs. Weā€™re a public blockchain, and we support dApps as well! + +&#x200B; + +**\[AMA Closing\]** + +Thanks everyone for joining this AMA! Itā€™s been a blast answering all your questions for the past few hours. + +So much more progress is coming to the VeChain ecosystem and we canā€™t wait to reveal what weā€™ve been working on. Make sure to follow us on our social media platforms to stay updated. Until next time! + +Sunny&Peter out. Peace yo! +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 :) +Pretty straightforward, is there anything in particular I should watch out for that I don't want to get sucked into? My budget is pretty wide open and my financial situation is pretty stable, at least for the next 2-3 years. + +I already visited volkswagen and they seemed fairly keen on selling me one particular 2011 Jetta that had recently been traded in. Their big selling points were that it had only had one previous owner, and he was an old guy that only traded it in because he wanted a 2013. They acted like this was absolutely the best "bang for my buck" and that it has likely been treated the best compared to cars that have been leased, etc. Do I trust them? They aren't allowed to withhold information are they? For example, the car has transmission issues or something. + + +edit:Thank you everyone. +Iā€™m approaching the 6 month marker in just a couple of weeks. I left the WSB sub in a full tailspin before magically crash landing onto the Theta Gang tarmac back in August. Iā€™ll never go back. This strategy works wonders! I started with $40k and have made 4.31% a week on this strategy with an average weekly amount of over $3k. Iā€™ll post a more detailed analysis of my trades when I reach the 6 month benchmark, but my favorite trades currently are RIOT, MARA, RIDE, TQQQ, AAPL, and ARKK. + +Have any of you managed to maintain a weekly average similar to this for longer than 6 months? Iā€™m curious to see if this has just been a really long, lucky run thatā€™ll sputter out, or if itā€™s possible to keep this up in the long term. +I'm a noob thinking about getting the following ETFs, ICLN, BLOK, CNBS. I want to start investing for the long term and I am planning to hold long term. + +I know it's hard/ impossible to time the market but does anyone have input as to getting into the market at this time? maybe it's less important for me to consider timing to thoroughly as I intend to hold long term? Anything else I should consider before buying ETFs? + +I'm looking forward to start investing but a bit apprehensive as a noob and hoping to avoid common mistakes. +how would you play this? + +$1200 is only good for my life, can take less to assure wife is covered for hers too, in theory it should be bulletproof, but im not 100% convinced on it + +no bills really, we're a fairly low budget operation, already holding 2k Jepi in a pcra and a pipeline stock that pays $3k per quarter. + +been looking at GOF and QYLD +**EDIT 3: I understand that I should not book through a 3rd party - I just learned that a couple months ago! ;) This was my second hotel that I've ever booked (I don't book hotels often) and these 3rd party sites are heavily advertised. I've learned my lesson. I get it!** + +*Edit: I am calling my credit card company now. Thank you all for chiming in - I appreciate it. I've also contacted the health services authority for the region that the hotel is in.* + +*Edit 2: The hotel was* **Travelodge** *- parent company is* **Wyndham**. *I booked through Expedia.* + +*I asked: "Does Expedia have no built in protections for customers if the rooms are filthy or not as described/advertised?"* + +*Their response: "Expedia is subject to the rules and restrictions of the vendors whose services we sell. We act only as an agent for their product and do not have the authority to override or to change their policies."* + +*Needless to say I won't be using Expedia or any other 3rd party again. The true problem however was Travelodge and Wyndham.* + + + +The girl at the front desk told me that the building was just old and all rooms would likely have the mold. It looked more like neglect - they just didn't bother to clean the windows, vents, and AC / heating unit for a long time. + +I've been in contact with the hotel's parent company for 2 months - they're offering a half refund. The hotel's manager will not return my calls and will not authorize a refund. + +Would it be appropriate to try to cancel this charge on my credit card since the hotel will not communicate with me? +With the market slide we had over the pass 2 weeks I closed all my CSP I had open netting me a decent loss. Looking at the market today I feel it was such a dumb move since everything is now recovering. I haven't been in the markets for too long and this was my first experience like this, how do you guys handle it? All my CSP has a delta between .2 to .3 when I opened them. Should I have just believed in my deltas? +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 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 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). +I am 30+ yo now. I used to be a student 10 years ago. Now I have a decent job. +I can't help but think in which mindset are students who lately made some quick gains. If you did take some gains, I can only congratulate you, you probably did better than most of your student peers who are probably not fully aware of what crypto is. + +But be aware that once you make your first gains, there is something I call the "casino effect". It pushes you to take more and more risks. I think it can be even amplified as a student because most of you don't have yet a monthly income. I remember that each penny counts and insane gains can start turning your head. At the same time, you are in the period of your life when you need to make very important decisions. + +Lately, you might read about young Samsung employees quitting their jobs in South Korea thanks to millions of $ they earned in crypto. Or read cool posts about huge gains and lambo. +And you might think there is no good reason to study anymore. +Strangely there is not much about people ashamed of massive losses. + +My message is for you to keep in mind you must measure your risk. Crypto is great but who knows when the rollercoaster ends or when you will make bad moves (we all do). You can not rely only on that. Hopefully the recent dip made you realize that. Please treat your study as your top priority and crypto as a bonus. If you make it in crypto, that would be amazing. If not, you still have a diploma and a good option in life. + +- Crypto = great +- Crypto + job = better + +Don't gamble on your life. Don't have regrets. Decision is only yours. + +Your crypto older brother who wish you good in life. +Anyone stuck in the same place as me? Iā€™m losing momentumā€¦ growing up and over the last 20 years or so Iā€™ve just wanted to be rich. Now, at 40 years old, Iā€™ve got $2 million NW, a wife and a little kid, about $400k annual income, living in an expensive and very desirable neighborhood in Chicago. But I have lost my drive and motivation to earn more or work very hard. This feeling has made me uncomfortable and Iā€™m not sure what to doā€¦ if anything but stay the courseā€¦ + +EDIT: I should also share that as I have approached $2 million NW, I have allowed myself to spend more that I did 10 years ago. Because $100 more on my NW is not really that interesting anymore to me... +I [ranted on Twitter](https://twitter.com/dlauer/status/1455559349418475522) and figured I would copy it over to here. Happy to answer any questions on this. + +Ok, itā€™s time for some game theory. For real! Letā€™s talk about the conflicts-of-interest at the heart of nearly all equity and option order routing today ā€“ rebates and payments. These inducements (thatā€™s an important word) influence how brokers route orders, both for retail and for institutions (e.g., pension plans, mutual funds, etc). + +First of all, for retail, I think everyone understands that PFOF involves market makers paying brokers to send retail orders to them. Most of the time these are marketable orders. Limit orders are usually sent to exchanges. For example, here is Fidelityā€™s order routing showing marketable orders going mostly to Citadel and Virtu, and non-marketable orders going to NYSE and Nasdaq. Non-marketable limit orders receive a rebate when they are sent to an exchange (between 18 ā€“ 30 mils on Fidelityā€™s routing to NYSE and Nasdaq ā€“ 1 mil is $0.0001, so thatā€™s $0.18 - $0.30 per hundred shares). + +https://preview.redd.it/gatwwjfpe7x71.png?width=430&format=png&auto=webp&s=485b197855657aa1e7bc95aeef0ad4871a0b49c5 + +Institutional orders OTOH mostly execute in broker-owned dark pools or on exchanges. These too are often induced to go to the lowest-cost venue ā€“ executing in a brokerā€™s dark pool that is routing your order means the broker doesnā€™t have to pay any fees. Executing limit orders on an exchange often means the broker collects the rebates (cost-plus routing is an option, but isnā€™t as common as it should be). + +So that brings us to MEMX. MEMX is a relatively new stock exchange, partially owned/funded by Citadel, Virtu, a couple of retail brokers and other financial firms. Their market share has been climbing throughout the year (recently crossing 4%), although only on a per-share basis ā€“ by total dollar volume they are still under 1%. + +https://preview.redd.it/xpi23lu8h7x71.png?width=584&format=png&auto=webp&s=b9e651e7de7cc9a3f61c2cbece143f4f04999443 + +MEMX is a preferred destination for trading low-priced stocks in large quantities. Is this because of the superior execution quality that the exchange offers? Or is it because they pay the highest rebates of all exchanges, topping out at 31 - 37 mils? + +But wait Dave ā€“ arenā€™t access fees capped at 30 mils by Reg NMS? + +Yes they are, and Iā€™m impressed with your market structure knowledge. That means that no exchange can charge more than a 30 mil fee. So that means that MEMX is operating at a loss on those trades. How can they do this? Well theyā€™ve got funding ā€“ theyā€™ve raised $135M! So they can keep operating at a loss, and attracting order flow by paying the biggest kickbacks to brokers. + +Iā€™m talking about this for two reasons. First, itā€™s easy to focus on PFOF when we should really be concerned about all order routing inducements. Exchanges paying rebates is almost as bad as wholesalers and PFOF. + +Second, itā€™s also easy to forget that we, the public, are subsidizing all of these exchanges, especially the ones that pay inducements. Paying these kickbacks results in more orders resting on the exchange, which nets them more of the SIP money that the public pays. SIP fees amount to over $300M that are given to exchanges, which is economic subsidization that keeps exchanges profitable even when their execution quality is shit. + +Instead of an overly fragmented marketplace that is subsidized by the public and inducing orders to be routing for kickbacks instead of execution quality, we should try to create a simplified market structure without subsidization or kickbacks, where orders are routed for the best possible execution quality. + +So back to game theory. This entire structure is a prisoner's dilemma that has led to a race to the bottom. When exchanges do the right thing by not paying rebates, they don't get market share. That's wrong and bad for markets. +&#x200B; + +https://preview.redd.it/vt51ilavjr671.png?width=1600&format=png&auto=webp&s=34fb1df57f68781df2bd3bbddcfe975bda18bf5a + +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/ivys1x5xjr671.png?width=680&format=png&auto=webp&s=f0baf1529c2c01515a631897389b537fc4172f43 + +# Reverse repo back to another ATH + +&#x200B; + +https://preview.redd.it/txvt1kj4kr671.png?width=640&format=png&auto=webp&s=aa0e463fff6a798593a86b7ef4a6f007248e48db + +765 billion.... yikes + +&#x200B; + +https://preview.redd.it/rq9tvfg7kr671.png?width=640&format=png&auto=webp&s=9d297220700614b63dc43a04b421d6019542efd1 + +The Exponential floor by u/jth1, I'm excited to see how this model holds up in the next coming weeks and in what sense it will correct, seeing that gme is now officially been bellow it's fair value estimation for quite some time, this could be due to GME offering shares at the market, due to longs being bought for lower numbers (for example if the price is 10.00, and they buy for 9.99 then 9.98 creating a sale via a buy) or other methods. + +&#x200B; + +https://preview.redd.it/wn40n1nokr671.png?width=700&format=png&auto=webp&s=db013aa04787496cd3856aa2c0f3183ab12c1756 + +# Hedge fund that bet against GameStop shuts down + +A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors. + +White Square Capital based in London is no more. + +Source: [https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6](https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6) + +Thanks to Ladylovestonks for for passing this info on to me. + +&#x200B; + +https://preview.redd.it/e4l422x7lr671.png?width=982&format=png&auto=webp&s=b765aa2c772bd46dfb7341bb6c55bb50bb8513bc + +# NSCC-2021-002 and NSCC-2021-801 + +According to their letter these will both be going into effect on wednesday + +source: [www.dtcc.com](https://www.dtcc.com) + +&#x200B; + +https://preview.redd.it/rt1y4emllr671.png?width=960&format=png&auto=webp&s=a223b8742861ff7214ecf5bc7b0fa53e5b4dbf50 + +# SEC Obtains Asset Freeze Against Offshore Fund + +At this point it's unknown if this is in any way shape or form related to GME directly, however this is still very bullish to know they won't stop "because it's offshore" as it happened in the past, it seems that the SEC is slowly (very fucking slowly) turning into a "fuck around and find out" like it's big brother the IRS. + +&#x200B; + +https://preview.redd.it/0ln7x10xlr671.png?width=640&format=png&auto=webp&s=720902449ac69bf812c258d1792fe7e61e07be7e + +It's good to see the SEC finally getting off their asses (or someone has finally installed a porn blocker on the servers) so they can finally get some shit done. + +&#x200B; + +[credits to u\/Klone211 ](https://preview.redd.it/wykh1um2mr671.png?width=714&format=png&auto=webp&s=b458b200fe3f25f3f04a06438a5c051488ad5183) + +Body language of a small bulgarian boy + +This next one is more a psychology thing, it's the body analysis of Vlad "the stock impaler", [https://www.reddit.com/r/Superstonk/comments/o51ajc/4\_body\_language\_experts\_analyze\_one\_of\_vlad/](https://www.reddit.com/r/Superstonk/comments/o51ajc/4_body_language_experts_analyze_one_of_vlad/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Now again this is not directly related to gme as hard numbers would be, but seeing he is involved in this saga it's still interesting to see. + +&#x200B; + +# Jefferies hosting a virtual conference, + +thanks to u/arsvivendimk for bringing this to our attention, Jeffries is going to host a conference focusing solely on digital gaming on June 24th! + +&#x200B; + +https://preview.redd.it/h92bb9csmr671.png?width=960&format=png&auto=webp&s=4cb8c315fd9ca00a3316a474a83bee566714a2da + +Seeing this is the company that issues the shares for gamestop it's something to at minimum keep an eye out for, as of right now I don't have a link for this conference but once I get one I will be updating this and adding it in. + +&#x200B; + +[credit to u\/InfamousJoker420 ](https://preview.redd.it/trpwiey0or671.png?width=640&format=png&auto=webp&s=9663a6caf6626d041a8b4841dcb4e2644b7018bd) + +# Gamestops new filings + +Gamestop released three new filings yesterday: + +[https://gamestop.gcs-web.com/node/19026/html](https://gamestop.gcs-web.com/node/19026/html) + +Form 3 - Cheng Lawrence - receiving 3,000 shares directly from GME + +[https://gamestop.gcs-web.com/node/19036/html](https://gamestop.gcs-web.com/node/19036/html) + +Form 4 - Cheng Lawrence - receiving 1,022 shares for the price of $0 (most likely payment for the board as they are vested shares) + +[https://gamestop.gcs-web.com/static-files/29731d8f-c734-49fd-ab2e-5b02a83d2cc6](https://gamestop.gcs-web.com/static-files/29731d8f-c734-49fd-ab2e-5b02a83d2cc6) + +Form 4 - Xu Yang - receiving 1,022 shares for the price of $0 (again seems to be payment, vested). + +&#x200B; + +# Rules cheatsheet + +&#x200B; + +[thanks to u\/MunnaBigDicc ](https://preview.redd.it/6s6y5345or671.png?width=960&format=png&auto=webp&s=4920a0b82035d3926cf01a94d8c2eaed3586500a) + +&#x200B; + +https://preview.redd.it/9cu08ipaor671.png?width=960&format=png&auto=webp&s=c504edf5b6fea9cfe77e2e9ba43d8617f6318622 + +BNYMELLON seems to be changing before wednesday, my body is ready + +**thanks to** u/SeniorSkrub + +Changing the name to omnibus is interesting. Seems related to derivatives trades, foreign markets, and tends to be looked poorly upon as they're used to hide identities of the investors behind them but apparently provide ability to act quickly in turbulent times. + +[https://www.investopedia.com/terms/o/omnibusaccount.asp](https://www.investopedia.com/terms/o/omnibusaccount.asp) + +Looks like Ellington involved here as well. They appear to be a hedge fund with a focus on mortgage back securities and mortgage derivatives. Interesting history with UBS and margin calls: + +[https://en.wikipedia.org/wiki/Ellington\_Management\_Group](https://en.wikipedia.org/wiki/Ellington_Management_Group) + +&#x200B; + +https://preview.redd.it/814p2ugror671.png?width=554&format=png&auto=webp&s=d4d243578c012a3e18c06d3cfd85575515b1d6cc + +# 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/doby9yetor671.png?width=400&format=png&auto=webp&s=3437ab4c03d6277108bb3ad30228b64503171e78 + +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; + +GME ATM OFFERING DONE! + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0) + +&#x200B; + +https://preview.redd.it/bxzrwyocvs671.png?width=1030&format=png&auto=webp&s=a6a941bfef97ad09036499d93d01e3ff7fe5f255 +I hate the idea of paying 4-6% commission to sell a million dollar house. I can pay a pro to take pics and list on mls for a flat fee. Is there a service that will do both ends of the deal for a flat fee? Say I have a buyer and we agree on the terms and we need someone to draw up legal docs and do the escrow process. Is there a one stop shop for this? +>ā€œHaving a well-done, nation-state-level hardware implant surface would be like witnessing a unicorn jumping over a rainbowā€ + +Wonder how long it'll be before Apple et all's supply chains are seen as a massive liability. + +https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies + + +Yesterday my bf (34M) and I (34F) (2 years) sat down and really talked finances. I had been thinking of buying a house (my name only), so figured it was good to do. I knew he had a lot of credit card debt, but I don't think I realized how much... + +Some relevant things: + +* His mom is *verrrrry* bad with money. $15k of it is credit cards she convinced him to open together when he was 18 and is her debt. We had a conversation a few months ago when I found this part out. He told her he was going to turn off the cards. +* Most of it was accrued when he was 18-23; his mom couldn't help with college and so a large amount of it was charged on credit cards +* He's actually not bad with money now (*I know that sounds like an oxymoron*) but I think he's so underwater he doesn't know what to do. He does save for retirement. He wants to get it paid off. +* As far as I can tell, based on our conversation yesterday, paying the minimums, he has very, very little left over each month ($700 not counting rent, groceries, etc. - we live in a high COL area). +* We keep our finances separate (this is how I didn't realize how much debt he had...) + +So here are my major questions: + +* My job is secure and likely not to be cut during all of the current stuff. His job, not so much. We have discussed that if he loses his job we may get married (courthouse) for health insurance reasons. Marriage isn't something either of us really care about, although we do plan to be married someday, so for us it isn't a big deal. IF we were married, would his debt impact me (we would still keep separate finances)? +* What are his options? Is bankruptcy viable? How does that impact his shared cards w/ his mom? + +Any other relevant advice you can give that I'm not thinking about? + +&#x200B; + +Edit: This really blew up more than I expected it to (*man am I glad I used a throwaway now, lol*). Thank you so much to everyone who has given us advice (*the non-relationship advice, at least, other than what I asked for re: being married*). I don't plan to leave bf, we are in it for the long haul. He's a wonderful man who didn't have the best example growing up but he does WANT to be in a better position financially and I'm really proud of him for agreeing to face this head on and for being honest with me. That isn't an easy thing to do, especially if you weren't taught that growing up. + +For those wondering, we talked, and he's reaching out to a non-profit debt counselor first thing tomorrow morning to figure out his options and which route is best for him. +Iā€™ve achieved fat fire but am just bored. Looking to buy a business (thinking remote or online for location freedom) just to have something to do enjoy. Has anyone else had trouble transitioning out of working. Iā€™ve realized making money was just a game for me and now that I donā€™t have that game Iā€™m just absurdly bored. Iā€™ve reached out to a few people on twitter/through friends who seem to be in interesting fields that I think could be fun with no luck yet. Any recommendations or businesses I should look into would be super helpful! +I made a post few months ago saying I work in one of the top 10 banks in Europe and they made some new rules saying we shouldn't buy crypto and we shouldn't even talk about it on social media. + +At the beginning they said it was to avoid bad advertising for the bank, because they consider crypto a dangerous investment and if a bank employee talks about it, clients could think the bank support crypto. + +Now they updated the internal regulations for employees: **they officially forbid us to buy any crypto and we must sell all our crypto assets before the end of the year.** + +By the way, the internal regulations is confidential so I'm not allowed to say it publicly. + +Now I'm worried because I obviously won't give away my crypto, but I don't know how to avoid to get fired. + +I hope binance and crypto.com don't share their info with my bank (has anyone any news about it?), but I need also a way to keep buying crypto without using my bank account, clearly they can easily discover that I send money to exchanges from my bank account. + +Edit: +I cannot share publicly the document, however here is the translation of the part about crypto: + +**Personal transactions in financial instruments and virtual currencies** +1. Recipients are prohibited from operating on financial instruments in counterpart with customers, even through a third party. +2. Employees, non-employee Financial Advisors and Agents are also prohibited from carrying out operations and / or operating strategies with highly speculative characteristics and / or those which, due to their size or risk profile, could compromise the financial position of the person concerned, such as: +- carry out purchase and sale transactions (or vice versa) of the same currency and / or the same financial instruments on the same day; + +- carry out transactions in **virtual currencies;** +Just curious what opinions are - discounting that nobody knows anything. I'm of the opinion that we have reached relative oversold now for the near term. Biggest reason is that the current downturn is ahead of every other historical downturn except the great depression. We're down more than 2007-2009 or 2000-2003 were at the same point in time. We definitely have some financial issues to work through, but the economy isn't as FUBAR'd as 2008 was. The pessimist version from comparing with past downturns is looking at how far they were from an eventual bottom at this point in time. + +What do you think ? Scared - or greedy ? +I was watching the order list today as price was moving and i noticed block orders from an exchange EDGX were pouring in thousands at a time. I took this screencap later so at the time there weren't as many, Imagine that 2k block order but filling half the feed + +&#x200B; + +https://preview.redd.it/64uw776jcdj71.png?width=1314&format=png&auto=webp&s=2f3fea9861c1d0496c6eb914a7e6c21eb35a6bfb + +It peaked my interest, so I did some digging on trusty Wiki + +&#x200B; + +https://preview.redd.it/xyphk05kxcj71.png?width=1567&format=png&auto=webp&s=4156be7b3b90217fcc51fbda56d8b374eab67b52 + +Anything stick out to you? Last two companies to take ownership of said exchange are.....CITADEL AND GOLDMAN SACKS. Not only that but the Exchange is operated in.......... Rio de Janeiro, Brazil! + +Coincidence? + +Y'all tell me. + +&#x200B; + +Edit: If this holds up, it means AT LEAST Bloomberg is colluding with Citadel. Their excuse about the "bug" should be held against them. + +Edit 2: Prior to his career in the federal government, Gensler worked at Goldman Sachs, where he was a partner and co-head of finance. +It could be done by adding this to auto moderator + +domain: \[[Coindesk.com](https://Coindesk.com)\] + +action: spam + +[View Poll](https://www.reddit.com/poll/a5nsn5) +So, I'm in the process of a breakup. I (M26) and my ex(F26) bought a car together in 2020. It's about half paid off. My ex wants to keep the car, and refinance with her dad. I'm not super enthusiastic about not having a car but also wouldn't mind not having to pay the payment on it anymore. + +Given that I've put plenty of money into this car in the past and have a decent amount of equity in it, would it make sense for them to offer me a lump sum of money to buy me out of the car? If so, how much should I ask for? It was a new car, so there's about $22,000 left on the loan, and it's had about $12,000 put into it up to now. + +Thanks in advance for advice! +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](http://bit.ly/2wHaMBm). + +*** + +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! +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? +Can we make this a place where we can share all the beautiful changes we are making in this world when we become rich? + +I know I will be doing so much to help others in need and I'd love to post it here not for Karma farming but to inspire others to help this world with their new found riches. We must be the force for good! + +This is just an opinion but if you don't give back to the world when this is all over, you're no better than the hedgies. + +A wise man once told me that if you have the means to help someone and you don't, it says a lot about your character. + +I love all y'all, stay blessed and don't forget where you came from. + +EDIT: Seeing all the positive feedback and the awards makes me see that we are going to change the world for the better! Also I can't spell shill because I eat crayons. +Not trying to get political or anything, it's just really worrying when the government can just freeze your assets, your money whenever they will it. I don't believe that should be an option for anyone to be able to do and it holds too much undeserved power over the people. + +Storing a password well or taking much better care of your financial belongings and the access to them is a necessary sacrifice to avoid centralized governance over your assets. And what happened to the truckers is honestly maddening no matter what you think of the situation. + +I'm glad this year DeFi is back on the rise and a lot of protocols are investing millions into the platform and trying to make it a better place like Bitdao, it creates more hope for more decentralization in the future because everyday shows that DeFi is needed or these unruly displays of government power will continue to happen. +**NOTE** Just a daily repost because original OP [/u/Bastiat](https://www.reddit.com/user/Bastiat) seems to be offline (due to holidays I guess). However, this is quite important as I see much misinformation on which exchanges use segwit or not. +Please upvote for awareness. + +**BACKGROUND** + +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make it happen. You can help by taking one or more of the action steps below. +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin + +**IMPORTANT NOTE**: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange + +__________________________ + +**SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS** + +There are 2 different Segwit address formats. + +* p2sh - starting with a "3..." +* bech32 - starting "bc1..." + +Not many wallets/exchanges support bech32 yet and will claim the address is invalid if you try to send to it. bech32 ("native Segwit") is a mildly better solution compared to p2sh. + + +| **Exchange** | **Batching Status** | **Segwit (p2sh)** | **Send to bech32** | +|---------------|---------------------|-------------------|---------------------| +| Binance | **Yes** | No | No | +| Bitfinex | **Yes** | No | No | +| Bitonic | ? | No | No | +| Bitstamp | **Yes** | **Yes** | No | +| Bittrex | **Yes** | ? | ? | +| Coinbase/GDAX | No | No | No | +| Gemini | No | No | No | +| HitBTC | **Yes** | **Yes** | ? | +| Huboi | ? | ? | ? | +| Kraken | No | **Yes** | ? | +| LocalBitcoins | No | ? | ? | +| OKEx | ? | ? | ? | +| Poloniex | ? | **Yes** | ? | +| QuadrigaCX | **Yes** | **Yes** | ? | +| Shapeshift | **Yes** | No | No | + + + +[Source 1](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) +___________________ + +**WALLETS** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | + +______________________ + +**TODAY's NEWS/DEVELOPMENTS/VICTORIES** + +- [Core is considering prioritizing SegWit GUI in the Core Wallet and pushing out an update fast without waiting for other features](https://www.reddit.com/r/Bitcoin/comments/7lc1n9/latest_bitcoin_core_irc_meeting_segwit_wallet_is/) +- [An Exodus Wallet representative has said they will not enable SegWit for now](https://www.reddit.com/r/Bitcoin/comments/7lcm1t/exodus_response_as_to_why_they_havent_adopted/) +- [Largest exchange in Brazil implemented withdraws using Segwit](https://www.reddit.com/r/Bitcoin/comments/7lgxnc/largest_exchange_in_brazil_implemented_withdraws/) + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $42USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 174K Unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 13% SegWit Tx's + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Transaction if the sending address is a SegWit address. + + [Source](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +So what address can I send to safely, there is so much confusion? + +- As of right now... + +| **Non-Segwit Transactions** | | | +|-------------------------|--------------------|------------------------------| +| **non-Segwit address** | toā€¦ | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | No (no support for them yet) | +| **Segwit Transactions** | | | +| **3... address (Segwit)** | toā€¦ | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | No (no support for them yet) | +| **bc1... address (Segwit)** | toā€¦ | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | **OK** | + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + + + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- Day 3: [I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges/wallets adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) + + +From the article: ["over the 15-year investment horizon, 92.33% of large-cap managers, 94.81% of mid-cap managers, and 95.73% of small-cap managers failed to outperform on a relative basis"](http://www.aei.org/publication/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/) + +There have been quite a few relationship posts recently so I thought I'd add to the ruckus over the weekend: has anyone used a matchmaking service before? I considered going straight to /r/relationship_advice but would prefer the fat-perspective on a premium service. + +I'm a HNWI but not a VHNWI, so the issue isn't as much being afraid about finding someone I can relate to, nor is it about avoiding someone solely interested in my money (there's plenty of bigger fish out there for those types) - it's more so about frustration with dating apps and making real-life connections amidst COVID. I would love to hear about your experiences here. I'm ~30 and in the American Midwest. +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. + +*** + +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 decided to sell most of my stocks today low 6 figure account. Why? Well Its not because I think we are going to crash (although it does seem like the markets too optimistic at the moment) but cause I realized I've made alot of mistakes investing. + +1. 25% of my portfolio were in "speculative" stocks +2. I had too much of my net worth invested and thus caused me to lose sleep each night. +3. I have alot to learn about investing and choosing the right companies. In the past I just bought stocks without doing thorough research and finding good price entry points. +4. The most recent crash made me realized I was in a bad position because I did not have any more money I was willing to put in the market. I saw many companies at steep discounts but I did not have any "cash to buy". + +Moving forward I need figure out a solid investing strategy. Also need to figure out my risk tolerance to reduce my stress. Worrying about the market everyday is unhealthy. Make a list of companies I bought want to invest in so that when they do go on sale, I can be ready to buy them in increments. + +I still hold 40% in good companies like amazon, google, Facebook, etc. (Tech heavy but going to keep this until retirement 20-30 years down the road). + +Anybody else in the same boat? What are your plans moving forward? Has anyone else been over leveraged and had to hit the stop button and reset? Let's hear your thoughts, stories and recommendations! Thanks in advance. +After multiple successful green weeks I finally had my worst trading day. + +Started out the morning +800 just to close -3000. I wanted an extra 200 to meet my daily $1000 goal and ended up being down 3000 dollars effectively setting me back 4 days in 1 day. I broke all my rules, traded maybe 300 times, and just lost it desperately trying to scalp back as the market reversed back up. I am genuinely in shock as I thought I left this beginner mentality behind months ago. I'm sorry I just wanted to vent, this really broke me today. I'm not going to trade tomorrow as I'm still tilted and going to continue on Monday. I am still profitable, but today was genuinely embarrassing. + +Edit: I wanted to make an edit I am not homeless or anything (thank you for the pms though), I am still up 33k on the year so far, but obviously a 3k loss is basically 10% of my yearly gains wiped in 1 day. My new rules is 3 strikes and you're out, max loss is 500 a day. Everytime I break a rule I am banned from trading for a week. I will be disciplined even if it kills me. +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. +I have successfully beaten the market with my algorithms. My strategy involves investing relatively small amounts of money into hundreds of different stocks. + +I can imagine, with more capital, this strategy can be expanded to include thousands of stocks, and slightly more money per stock. + +This makes me think: I can pool various people's money, invest using the algorithm, distribute the profits, then charge a small fee for the service. + +... This potential makes me wonder why I don't hear other people doing it, or why I don't see any mutual funds or ETFs based on algorithmic trading. + +The best I have seen has been "arbitrage" based funds, which make much less money than my algorithm makes. + +... So what's going on? Why aren't there tons of algotrading funds around? +For the sake of this post, I'll consider anyone earning > 15lpa (pre-tax) as HNI. + +I just want to get a taste of what insurance you guys have as I have been in that income group for quite some time but being the idiot that I am, I haven't taken up any insurance yet. + +I've compared so many policies and had so many sales pitch calls... + +For health insurance, apart from govt providers, the ones that stood out to me were Max Health, HDFC (approached by ET Money for this), and Amex ICICI Lombard (10l+10l+10kopd benefit @15k) + +I'm doing this excercise basically to have an idea which ones the most trusted. + +Edit: sorry guys for wrongly mentioning HNI in the title. Basically I just wanted to mean anyone earning more than 15lpa. + +And after seeing all your replies here on HNI, I think that HDFC relationship manager of mine surely bullshitted me when trying to offer me the Infinia cc. +My dad is at least $80,000 in debt and has finally accepted my offer to help, including making me his POA. I don't know the exact total, since I don't have access to online banking/statements for one of the accounts yet. + +His debts are as follows: + +* Credit card 1: $4,900 (21.24% APY) +* Credit card 2: $22,500 (23.24%) +* Credit card 3: $1,100 (0%) +* Credit card 4: $9,500 (16.24%) +* Credit card 5: $3,100 (20.24%) +* Credit card 6: $22,600 (23.25%) +* Credit card 7: \~$5,000 (20.24%) +* Personal loan: $12,000 (11.99%) + +He does make $84,000 per year, but because of the amount of debt he can only make the minimum payments most months and thus he barely gets ahead. For example, his payment for card #2 had $420 go to interest and $220 go to principal. His statement estimates he will pay it off in 32 years. + +Is bankruptcy the best option here? His credit score is already godawful (high 480s) and he already has a mortgage, so I don't see what more he has to lose. + +Edit: Added interest rates + +Edit 2: Obligatory "I wasn't expecting this amount of feedback". I'm combing through the responses now, but thanks everybody! +I've been holding since January. I've been on the rollercoaster the whole time, and have done as much DD as I possibly could, and I never once thought of getting out. I don't have many shares compared to others, but I've purchased what I could. For whatever reason, I was intimidated by transferring my shares to ComputerShare. "Will it be hard to sell them?" I would ask myself as I put it off another day. "Seems like a pain in the ass" as I kept putting it off. "Fidelity is a strong broker, and my shares are safe there". + +But today was different. I had all of that going through my head as I looked at my feed and saw the bullshit going on with Fidelity. And I have fucking had it. I'm tired of the fuckery. I'm tired of working my fucking ass off (and working through cancer treatments to keep a roof over my head, I'm in remission now) to not have any retirement money. I don't want my kids to struggle. I want all of us to be paid what we are worth. And I'm fucking sick of individuals at hedge funds running roughshod over our economy, and our paychecks. + +I just got off the phone with Fidelity. I just transferred all of my shares to CS. I always thought people were virtue signaling by saying "at this point, it's not about the money", but I get it now. These are my votes. These are my shares. And I'm getting my fucking name put on them. +Hello redditors :) + +As 2017 is over, I thought I'd share that with you. + +My biggest 'missed shot' in crypto - Elixir (ELIX). Bought it at $0.05 per coin, held till $0.30 and sold it right before Christmas. And just few days ago, Elixir team updated the website, revealed info about the team and the price rose to almost $2 per coin. And today I'm buying it at $1.75 instead of holding from $0.05, going to wait until MVP release. Lesson learned. + +Please, share your story in comments. + +Thanks! +https://www.bloomberg.com/news/articles/2020-02-10/holmes-challenges-u-s-charges-over-theranos-patient-blood-tests + +and + +https://www.cnbc.com/2020/02/10/elizabeth-holmes-attorneys-ask-judge-to-throw-out-theranos-fraud-case.html + +For anyone somehow out of the loop on the company and why they are well known: https://en.wikipedia.org/wiki/Theranos +I got caught up in the August equity bull craze and invested 75% of my savings (30,000) into a ridiculously high risk portfolio with a pretty stiff hard-on for US tech and cloud. I had a birthday (30ā€™s) in August and realized I must take more risks to get more out of life. I honestly am hoping to achieve annualized average 15% growth a year in the next 10 years but now realize this could very easily be a minus 15% with the amount of risk Iā€™m taking here and with everyone talking about ā€˜tech bubbleā€™, ā€˜correctionā€™ ā€˜Joe Bidenā€™ ā€˜second lockdownā€™ has me kinda worried. + +As I say, I have 30,000 into this following portfolio, with the planned addition of 400 a month from my salary into this. + +My 8 investments; + +\*Fundsmith 4k; + +\*Scottish Mortgage Trust 4k; + +\*Polar Capital Technology Trust 4k; + +\*Allianz Technology Trust 4k; + +\*Nasdaq100 4k; + +\*S&P500 4k; + +\*S&P500 Information Technology 4k; + +\*Wisdom Tree Cloud Computing 2k; + +A lot of FAAMG overlap obviously - especially AAPL and MSFT ā€“ but I see that as in lieu of actually owning those individual stocks so Iā€™m actually okay with that aspect. + +The reason I am high risk is because I wish to purchase a decent home in around 10 years time and seriously need to increase my deposit due to low salary. But have I gone overboard? I saw something like VWCE as more of a safe and steady pension investment fund so I didnā€™t think this meets my aggressive needs, but I may be wrong about this. (My pension at work is invested in a global equity tracker which Iā€™m very happy with as I wonā€™t need this for another 25 years). + +My concerns now - I read Tim Haleā€™s Smarter Investing this week, watched Ben Felix and Lars Kroijer on YouTube, and they all more or less advocate a global index tracker. Warren Buffett advocates the S&P500 instead of a global tracker. Bogleā€™s 3-fund portfolio is a third bonds which again seems fine for a retirement fund but donā€™t seem risk aggressive enough for my objective. So all this seems Iā€™m going against the grain of ā€˜safeā€™ investing. + +Itā€™s not too late to abandon ship and write off as a rookie mistake and switch to VWCE or S&P. Iā€™m in the red by about 4% (1,200) since I started 6 or 7 weeks ago. Not worried yet but if this gets to minus 10% or 15% then I might start losing a bit of sleep. + +Will the VWCE / S&P500 likely outperform my portfolio? + +Am I crazy to stick with such a high risk / high reward portfolio? Could there by decent returns in 10 years if I am patient and keep cost-averaging each month, or am I surely headed for complete disaster? +**[I posted this about 30 minutes before the 'official' results post ... mostly to save the OP some time. Didn't work out that way.]** + + + +I am writing a short article on the price prediction survey posted here recently. That required me to tally the results. I sent the spreadsheet link to /u/LucidChain - who started the original thread. At the very least, if they plan to do some in-depth analysis this will save them the data entry part. Please send all your gold/admiration/etc to the OP. + +I just thought I would share this since I've already input it all. Link to the spreadsheet is below. Yes - I double checked it *cringes*. I did discard the 900k USD prediction... feel free to make a copy and put it back in if you so choose. + +All the best. + +---------------------------- + +458 number of predictions for April + +532 number of predictions for Jan + +$1,452.30 AVERAGE prediction for April + +$5,029.39 AVERAGE prediction for Jan + +2.07% PERCENT bearish from April to Jan + +-------------------------------------------- + +https://docs.google.com/spreadsheets/d/1PDYe1iIjWaB4L2J8fE-Vp7W8lAcBeiLGYsCJNBUXICQ/edit?usp=sharing + +I live in Canada and was bracing for job loss. My husband's job is essential and he just got promoted, so we weren't freaking completely out, but beginning of February I immediately went into extreme frugal mode. 'Just in case', I said. I basically re-budgeted as if I didn't have an income again. A huge saving grace was the fact I paid off my CC recently, and negotiated a lower rate on my LOC. + +Since February, I've been bracing at work. We found out we fall into the essential category, so my employer stayed open. Lay-offs happened, and I somehow made it through. We were told our employer could hold out for 2 months without income before a second round would hit. We were told to expect pay-cuts as well. + +This week, we switched gears and branched out to a new division for our products. It has been a huge turning point. I no longer need to take a pay cut to keep my job. We are going to be beyond busy in the next two weeks, forecasting into the entire summer. + +I picked up the mail, and our mortgage rate was also successfully reduced due to a drop in prime. All my bills are paid for the month. My paycheque hit my account last night and I finally broke down into tears. There was no reduction. It was a full pay cheque. + +Always prepare for the worst. Just in case. +There is a lot of financial advice about how to increase your income, how to make your spending more efficient, how to invest, how to mitigate taxes, etc. But it seems most bloggers and even most forum discussions underplay probably the most important step of all - finding a partner who is: + +- intelligent +- financially responsible +- has similar spending/saving goals to you +- is willing to communicate about finances +- can learn from you about things that you're good at +- can teach you things that he or she is good at + +If you think of life as a game, improving your own investing acumen might be +30% skill points...but finding a great partner would be +100% skill points. + +This is not to say - I shouldn't have to even mention this but I will anyway because it's reddit - that you should marry for money, or that financial intelligence is more important than love, empathy, etc. Simply that all things being equal (e.g. you can pick from partners who are all decently attractive, nice people with compatibilities), the importance of financial compatibility is often underplayed. + +Agree/disagree? +Barclays:Ā  + +"**The COVID-19 pandemic has likely accelerated a long-expected rationalization of retail capacity in the US. Our modeling suggests that 15-17% of US malls may no longer be viable as shopping centers and need to be redeveloped into other uses.** While that is a big number, it is lower than the share of loans that are currently in default in the sector (about one third are delinquent, based on CMBS data). With e-commerce having taken a large chunk of market share, and social distancing reducing foot traffic, 2020 has seen a record number of store closures. Street-front retail will also suffer high vacancies and corresponding rent cuts, but should be a better-performing asset because it does not have the same tipping-point risk that malls bear once a certain volume of stores are vacant." + +"**For failing malls, many of the most likely redevelopment options ā€“ conversion to residential or warehouses ā€“ could result in valuations falling 60-90% compared to preCOVID appraisals.** While the land that has housed malls may offer better recovery values if used for mixed-use developments, historically that has only happened for about 15% of former malls (and those at a time when a very small number of malls required redevelopment at any moment)." + +"**In Europe, the situation is less dire due to a relatively small per-capita retail footprint**. So, while we expect some re-rating of rents, a large jump in malls that require redevelopment seems unlikely." + +"**The bright spot is warehouses, where Amazon might need to triple its end-2019 footprint just to efficiently operate its current business.** And of course, Amazon is only one of a multitude of e-commerce players. However, such growth is unlikely to provide a backstop for malls, due to issues around zoning and building suitability, a limited need for new warehouses compared to the amount of mall space that may need to be retired, and the lower average rents for warehouses compared to performing retail." + +"**Stadiums have suffered revenue pressure due to the lack of sports, but should return (mostly) to normal after COVID**. Some long-term changes may be necessary, but they should not change the general operating performance trends for the sector." +In the past 3 months, I negotiated a 22% raise and HR said ā€œthatā€™ll be it for a while,ā€ but the organization recently decided Iā€™ll begin to supervise others so to me, it seems fair to ask for another raise given the additional responsibilities. Is it okay to ask for this or should I wait until my next review in a year? +I have a disability check every month, so i have never thought about unemployment per se. My partner has always had a job, we had 5000 in savings (what i already had spent in my head for the garden and scullery). We were very secure, or so i though. + +My partner lost his job. + +We applied for unemployment checks but where not sure if they would pay and or when. +Suddenly that 5000 was only for 2 months wages, and then it would be gone... + +Now, one month later, my partner is approved for unemployment checks (but no money received yet) and has a new job starting monday. + +But those 5000 euros? They will stay in the bank, i want at least 3 months wages in savings, maybe more. +It still does not feel like much, even though our troubles are minor compared to other stuff i read here. + +Other things i noticed: you can save a lot of money if you think it is not replaced by the end of the month. +After slowly and methodically building my portfolio and exiting at opportune times over the past year and a half I managed to double my money! And then I said ā€œWhat the hell? Iā€™m young, itā€™s my time to be risky!ā€ And then I un-doubled my money in one week! +---99.9th percentile of wealth is around $43,207,732+ + +ā€”-99.5th percentile of wealth is $17,557,208+ + +ā€”-99th percentile of wealth is $11,099,616+ + +ā€”-90th percentile of wealth is $1,219,126+ + +ā€”-and 50th percentile of wealth is $121,411+. + +This is estimated net worth for US households in 2020. + +https://dqydj.com/average-median-top-net-worth-percentiles/ + +My initial thought on this: Itā€™s surprising to me, and sobering too, that half the households in the US have a net worth of less than $121K. + +Edit: Oops; can't edit title. It's for 2020, not 2021. +buffet said it best about how the market transfers money from the impatient to the patient. + +&#x200B; + +even the most moonish stock ever GME, it's main backer DFV had that position for like 18 months before the explosion. + +&#x200B; + +it takes time to bake a cake. +No matter whether you like like crypto's or not, recent days have made it clear again Bitcoin is not a "safe haven" or "digital gold" which some claim it to be. + +In the past week when equity markets sold off because of Fed tapering fears and lower then expected nonfarm payrolls, bitcoin also went down almost 20%. + +I'm not judging those that want to speculate on cryptos, just don't call it a safe haven. If anything it's a risk-on asset which follows more the sentiment in stocks. + +If you want a safe haven right now **consider 5-10% gold in portfolio.** Most probably hold an ETF like $GLD for that. Gold futures went up more than a percent on friday. + +For those that will point out gold didn't go up in the past 10 years, that's because the Fed kept printing money which has helped bloating the stock market. Fed already announed they will finally taper off this QE and might even want to do it faster. **Over longer periods of time like the past 20 and 30 years gold has even outperformed the S&P500.** + +Concerning holding **bonds** as safe haven keep in mind those can be hit hard if Fed speeds up its QE tapering and starts raising interest rates which will happen eventually. +Iā€™m interested in buying luxury box seats to a local NFL Team. I did a tour, and was quoted $65k-$75k for 4 people to a genuinely unreal box of sorts on the field. We wouldnā€™t share this little box with other people. Iā€™m a big sports fan, and this is as cool as it gets for me. + +Iā€™m a practical human and while wealthy I want to find a way to mentally justify this purchase. + +My biggest concern is that I likely wonā€™t be able to go to more than half of the games, and thus will need to sell some. And when I go online to find the value, they generally donā€™t appear on the likes of stubhub no matter how far out I look. The only one I saw that came available is asking $9k total for a very low appeal game (the other team stinks and isnā€™t a particular draw). + +How liquid are these things if I need to resell? + +Are there any other hidden ā€œgotchaā€™sā€ that Iā€™m missing? +There have been a few posts about the stage 3 tax cuts linking to articles with misleading graphs. + +I wanted to present one which hopefully isn't misleading. So here is an interactive chart showing tax payed vs taxable income in 2023 and 2025 going up to 300k: + +[https://docs.google.com/spreadsheets/d/e/2PACX-1vTl5J\_kX4tunBa4Pz6X-Q6MWFJe40ZZlXYiL8DG3oWlxkTXUNZd4pCJhI0H8u8CpB\_YiLQjjevxvj3V/pubchart?oid=1634774069&format=interactive](https://docs.google.com/spreadsheets/d/e/2PACX-1vTl5J_kX4tunBa4Pz6X-Q6MWFJe40ZZlXYiL8DG3oWlxkTXUNZd4pCJhI0H8u8CpB_YiLQjjevxvj3V/pubchart?oid=1634774069&format=interactive) + +I personally am against the stage 3 tax cuts. I think they'll only increase inequality and with the massive debt we've acrewed over covid I don't know if now is the time to give a tax cut to those who in reality don't need it. + +Personally I am against the tax cut. Abolishing a tax bracket means those on 200k same rate of tax as someone on 45k. The current minimum wage is $21.38 per hour \* 38 hours \* 52 weeks = $42.246.88 per year. Should someone on the minimum salary be $3k per year away from paying the same tax rate as someone on $200k? Personally I think the system should be more progressive than this. + +&#x200B; + +I'd like to repond to a few arguments I've seen in favour of stage 3: + +>Stage 3 tax cuts combat bracket creep: + +This is a genuine problem but shouldn't the solution be to move the brackets up? + +>High income earners are already paying too much tax + +I'll admit I don't have as large a gauge on this. Those who are able to should be paying more tax to support those who have been delt a worse hand or picked a profession which will never reach $200k. Keen to hear a discussion on how progressive our taxes should be. + +>The uber wealthy don't pay any tax anyway. Why should I be paying so much income tax? + +Sounds like you'd support imposing a wealth tax or closing some of the loopholes they use. I don't know what that has to do with your income tax. + +>The government wastes/rorts our money. Put it in the hands of the people + +Again sounds like a different problem. Better solutions would be a federal ICAC, tweaking how policial donations work and us the people educating ourselves and voting out parties/MPs who are dodgy. + +&#x200B; + +I am fully prepared to be downvoted to oblivion and labeled as an extreme leftist but I hope we can all be civil! + +TL;DR stage 3 makes our taxes less progressive. I don't like that + + +Edit: +Alright I think I'm most things worth saying have been said... +I would have liked to respond to more people but I think I'm starting to repeat myself + +Couple of observations: + +* I don't think I've done a terribly good job justify why tax should be progressive (as opposed to a flat). +* A lot of people are saying we pay too much income tax in general. This is something I need to research and form a proper opinion on. Either way abolishing a tax bracket doesn't address this. Shifting the brackets or reducing the rates would. +* I partially regret picking 45k and 200k as my point of comparison. Going with 120k and 180k (or 200k) would show the true effects of removing a bracket which are that our taxes become less progressive. +* Many people have pointed out that even under a single tax bracket those on 200k will pay more tax than 45k. Congrats you've missed the point! + +Finally I feel like a lot of people didn't look at the graph? I think it shows the progressive nature of the tax brackets beautifully + +For example for alcohol and drugs and various other things. How does this apply to non drug items that have the potential to cause serious harm but aren't beneficial beyond personal utility ? + For a lot of people, everything went downhill because of the bear market. A lot of paperhands gave up when the $20k support of BTC broke. A lot of founders filed for bankruptcy, so-called "hacks" happened, rug pulls, and a lot more chaos. Itā€™s funny how you can even make a documentary because of all the things that went down this year. Anyways, as the title goes, other than DCA, staking stablecoins is my go-to. My fiat for DCA is now MOSTLY invested in stablecoins. + +Yes, It has LOTS of risks but it depends on what DeFi platform you are using, and the coins you are staking. It depends on your risk tolerance and how you will lessen it. + +There are a lot of ways to reduce risks. Examples are: + +\- Spreading your coins to mitigate risk + +\- Researching the tokenomics, + +\- Project TVL and profitability + +\- Ensuring that it is legal and audited, and so on. + +Most people keep a part of their crypto portfolios in stablecoins during a bear market. It doesn't hurt to earn some APY during a market downturn. Itā€™s better to stake stablecoins than let your money sit in a bank. Itā€™s like using it as a savings account anyways. Also, sometimes the higher APY the higher the risk is not applicable to certain platforms. Zunami has an average of 24% APY and Everything is fine. Obviously, those who have 100% APY are a scam. Staking is a great way to grow your cryptocurrency holdings with little effort. + +You don't need to rebalance funds between pools or reinvest profits. I don't know how to properly use the other platforms yet so it's a good thing that the protocol does all of this for you which is great if you're starting. A lot of people here believe that stablecoin staking isn't as secure as banking as far as I'm aware. It could be true, but if we want to change, we must take a risk. Iā€™m not aggressively risky enough not to have emergency funds in my savings account though. + + +Are there any platforms you can recommend? +Hello, so I am going back to school in a year or so for a graduate program that costs about 40K. I have been living far below my means over the years and have about 20K saved up right now. Salary is 30k a year after tax. So here's my dilemma: The more money you have saved up (this counts amounts in TFSA/personal accounts), the less OSAP you get, which in a way punishes me for making good financial decisions. I am considering investing all the money into Gold or collectibles (i.e assets that retain value but aren't counted by OSAP as assets). Another option is to just spend all the money on useless things. A final option is to keep it all invested in stocks and hope that the stocks will appreciate enough in a year to allow me to comfortably cover my tuition in its entirity but I'm not sure I like that one. + +Also, I'm considering getting a TD student LOC instead of OSAP so that I can keep my TFSA investments. I'm not sure that would be wise due to the interest rates though. + +In case more info is needed, I live alone. + +How should I proceed? +Our last 8 volume candles consist of: + +8k +9k +21k +13k +11k +9k +6k +15k + +NOBODY IS SELLING. This bitch is illiquid as fuck and dancing on the edge of blast off. + +WE DONT FALL FOR YOUR TRAPS CITADEL AND FRIENDS. + +šŸ’Ž šŸ™Œ is still and always will be on the menu apes. + +Stay strong. + +Edit: Remember to vote. +Basically title. Maybe this post will also get deleted and Iā€™m crying into the wind, but whatā€™s the point of this subreddit if we canā€™t discuss the WIDE range of topics related to FIRE? Let the upvote/downvote mechanism do its job. If folks donā€™t think a topic is relevant, itā€™ll disappear soon enough. + +Whatā€™s the use of a front page mostly filled with old daily FI discussion threads? Am I supposed to comb through all of it for a chance I might find a topic that will interest me? I never look at these threads, even if itā€™s the current one, because they have horrible organization (within itself) and the visibility of the topics is nowhere near the attention a regular post gets, and thus garner a much weaker response from fewer members. + +Iā€™m willing to bet the large majority of redditors that visit do not regularly engage (whether itā€™s read/lurk or post) in the daily discussions, and thereā€™s a reason for that. + +ā€”ā€”ā€”ā€”ā€”ā€” + +I know the rationale mods gave the last time this was discussed was that they didnā€™t want the front page to be cluttered. I want to highlight leanfire as a counter example. That sub isnā€™t cluttered and contains a multitude of interesting topics. Its members are civil and helpful and use the upvote/downvote function judiciously. It has topics that are 5 days old on the front page. Itā€™s not going to be a problem. + +Yes, this sub is 5x the size and thereā€™s a risk of some extraneous content, but just like the legal system in America, where it prefers to let a guilty person go free than imprison an innocent one, I rather let shitty topics through than lose one good one to overzealous moderation. + +I know the mods have no ill-intent, and I normally lurk and keep quiet, but I really think this sub can reach the next level of helpfulness and promote more stimulating discussion (to even the FIRE veterans) with reduced policing. + +Thanks for listening to my Ted talk. + +Edit: at the time of this edit and after ~10 hours, this post has a 91% upvote rate with 1265 net upvotes. 3 kind people also delayed their own financial independence to flag this post and give it awards. I believe this constitutes enough evidence that the large majority of users here prefer more relaxed moderation. I hope any tweaks to the subredditā€™s policies will bear this in mind. +So I can get a 4.125% rate loan 100% financed with zero PMI. + +Or I can put 5% down, have 0.05% PMI and a 3.25% interest rate. + +Unfortunately I dont have enough for a 20% down payment. + +The two quoted loans are about 100 dollars difference in monthly payments (the 100% financed being the higher one). + +I'm just now learning about all of this, should I explore more options? Are there more/better options for me? +So I've been entertaining this potentially crazy theory about RC, GME, and the bathroom stock. + +Warning: I have no data other than gut and circumstance to back this up. + +It seems the hedgies have so much power to manipulate markets, but that power is running about equal to the power of GME to sink them. So GME trades sideways while the hedgies slowly drown. Very slowly. + +But the bathroom stock is the flank attack. The barely-surviving hedgies suddenly have this other massive liability on their sheets, and they can't possibly control GME and at the same time deal with the current squeeze situation in the bathroom. + +Before today I didn't have much evidence other than a modicum of retarded logic about what would I do in RC's shoes. + +But the recent MSM fud, the bathroom run up, and the timing brought it all together. + +RC actually did file for the right to sell within 90 days. This happened right as the flank attack (bathroom) was assured. Take a look at that graph of you haven't been following it. Why would he want to sell within 90 days? Because the flank attack is working. + +So all around the same time, bathroom begins to fly, RC files for the right to sell within 90 days, Bathroom hits regsho, GME hits the golden cross, and the FUD machine goes balls to the wall. All this right before the hedgies have to come up with a gorillian bathroom shares. Cohencidence? I think not. + +I'm literally lactating thinking about the next few days. Buckle up. +Hey all, + +After much deliberation Iā€™ve decided to sell one of my income properties in Colorado so that I can reduce debt across the board in my other property and repair the foundation in a second rental property. + +Since I havenā€™t lived in the rental Iā€™m selling in 10+ years I will have to pay Capital gains tax on the profits. Does anyone know how to avoid or reduce this tax without moving back in for two years? + +Iā€™ve heard if I put the profits forwards the other homes foundation repair and mortgage I may be able to avoid paying Cap Gains on the whole profit. + +Any suggestions would be greatly appreciated. +Right now I have about a 70% savings rate (and looking to increase that by moving out of my apartment and buy a duplex to rent out the other half) + +I still go out (or did before covid) with my friends to our favorite dive bar fairly regularly + +I go on two vacations a year (I'm a big fan of fishing and hiking, so the vacations are comparatively cheap) + +I coach highschool wrestling, and do plenty of other stuff I enjoy, so it's not as though I'm not living life or anything. Yet it feels like I spend a potentially unhealthy amount of time thinking about the future. Thinking about future plans and goals for myself in 8-10 years when I've achieved FI. + +It's not that I have no near-term goals for myself, it's just that a lot of my goals, like living overseas, just aren't feasible right. Or at least it feels like pursuing them right now isn't worth the risk. It feels like right now I'm just doing what I need to do to get to the destination as quickly as possible so I can do what I really want to do. I'm incredibly fortunate to be in such a position, so I hope this doesn't sound too much like complaining, but it just feels like I'm toiling through things right now to get to the promised tomorrow because obviously money invested right now is twice as valuable as money invested in another decade. + +Anyway, if you have any advice for a guy that feels trapped in the golden handcuffs of tech because it's the most efficient way to reach FI, please let me know +Good day Everyone, + +I recently came to know that my father (who left intestate) held some shares in a company (prefer not to disclose) whose current value is in several lakhs. The physical share certificate cannot be traced anymore. The only data available with me is the folio number. Using this I checked on the company's website that it does list my father as the owner and that the shares have been transferred to IEPF as no dividend was claimed for 7+ years. + +I did research about the recovery process and I am not even sure how to get started with obtaining the [list of documents required](https://www.indiainfoline.com/article/news-sector-others/lost-share-certificate-steps-you-should-take-for-issue-of-duplicate-certificates-113111500068_1.html). Should I seek professional help? If yes, from whom? +# Welcome to Ultimo GG - one of the first projects on the BSC that has already has an existing company which was established in the UK in 2017.Join Telegram: [https://t.me/ultgg](https://t.me/ultgg) + +šŸŽ® **$ULTGG** is the revolutionary gaming token from Ultimo GG. + +You can see the **Ultimo** **GG** platform which hosts huge gaming tournaments, as the decentralised and crypto version of Twitch - even with similar functions to those offered by YouTube āš”ļø + +šŸ’£ Huge Youtube Marketing Campaign Started: + +Onboarded 3x YouTubers that are huge within the PUBG Mobile scene with an combined audience of 2.5+ Millions Subscribers šŸš€ + +Integrated video adverts are going out on these YouTuber's videos pushing the platform and $ULTGG. + +ULTGG are also working with these influencers and more to bring them on to the platform when it launches. + +This will push a lot the visibility of the project, especially in the Asian Market, which is one of the main target of these campaigns. + +**Current Situation:** + +1. Listed on CoinMarketCap ( Search for "Ultimo GG") āœ… +2. Listed on CoinGecko ( Search for "Ultimo GG") āœ… +3. Live PooCoin Ads āœ… +4. Listed on CoinHunt - Coin Sniper - DexTools āœ… +5. BTok Advertising to be started soon āœ… +6. Promotion with Martyn Ford (from Fast and Furious) āœ… +7. Made history by sending the First NFT to Space this week āœ… + +2x Championship Football teams to be signed up this week. One will be announced next week with the following the week after āš½ļø + +They will have access to all the players, & managers for content & press opportunities, branding on the football kits and stadiums, as well as regular social media support from the clubs. We know how loyal football fans are to their team - this will be a huge move from the Ultimo GG Team. + +**Buy on PancakeSwap**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2065e3bd318f155abe5ad6aa263596f197112261](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2065e3bd318f155abe5ad6aa263596f197112261) or on their website + +**REAL CONTRACT ADDRESS**: 0x2065e3bd318f155abe5ad6aa263596f197112261 + +***Extra Links:*** + +šŸ”„ **Token Website:** [https://www.ultgg.io](https://www.ultgg.io/) + +šŸ”„ **Platform Website:** [https://ultimo.gg](https://ultimo.gg/) + +šŸ”„ **Twitter**: [https://twitter.com/UltimoGGesports](https://twitter.com/UltimoGGesports) + +šŸ”„ **Merch**: [https://ultimomerch.com/](https://ultimomerch.com/) + +šŸ”„ **Announcement Channel:** [https://t.me/ultggannoucements](https://t.me/ultggannoucements) +Hi All! I am using a throwaway because I don't want my financial information out and about. + +I have enough funds that I can pay off my CC debt in full, but I don't know if it's a good idea. So, I need help. I'll give you the numbers since I know we like numbers here. + +I am 27F, live alone with a 1 year old cat. Bills are $1,731.00/month, or $865 biweekly. I can't remember my annual wage since I actually just received an increase from $18.00/hour to $22.00/hour. My take home pay averages about at $1,170.00 biweekly now, but it's only been one paycheck, so too early to be comfortable enough to quote my expectations. + +However, at the end of me balancing my bills every two weeks I've just been taking what's left over in my ledger and making that my credit card payments. For instance, last payday after taking $865 from my paycheck I had $363 left. The check before that, I had $178 left. So clearly a good difference, especially for me. + +I live well within my means, but I had a lot of things come up this year and I've never had credit card debt before. That may sound fortunate, and I am grateful, but I had a lot of hungry days to avoid it. Now I'm using credit cards to my advantage, rather than being scared to use them. I work from home, and biweekly spending can either be $200 or $400 depending on what comes up for me. This includes any and all purchases that are not scheduled monthly payments. + +I have collectively $5,500.00 in savings that I like keeping as my "cash and immediate" emergency fund. It's earning 1.50% APY. + +Here's the nitty gritty: +Wells Fargo BAL $2,281.47 0% APR through May 2023 + +Discover BAL $401.56 25.25% APR + +Amazon BAL $737.56 21.49% APR + + +If I pay them all off with my savings balance I'm left with $2,073.64. But to me that's not anywhere near comfortable in case a vet visit comes up (foreseeable), or I lose my job (not foreseeable). + +My savings used to be $11,000.00 until shit hit the fan. A break up meant I was now responsible for the amount of bills I now pay, and at the time I was not ready. At the same time some medical things and my new cat came up, so that's where the debt comes from. Now I'm in a much better place mentally and emotionally, and I'd like some advice on what I should do financially. Should I go ahead and pay off the cards with interest, and try to build my savings back up? Should I continue doing what I'm doing? Should I pay it all off and hope for the best?? + +I help people with finances every day for a LIVING and i can't seem to get out of my own head on this. + +Thank you! + +ETA: Well yall got my head out of my ass in 15 minutes when I've been thinking about it for weeks. I'm getting that interest far away from me -- I think this one was pretty cut and dry to solve but I'll leave it up in case others can benefit :~) thanks to everyone who took time out of their day! +Hi Everyone, + +I'll try to keep this brief since most of you already know what this is all about. And of course, I'm not a financial advisor and nothing you are reading here is financial advice. + +If you do not know what this is all about, your nearest rabbit hole can be found here: [https://www.reddit.com/r/Superstonk/comments/of9pys/google\_consumer\_survey\_followup\_1937\_million/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/of9pys/google_consumer_survey_followup_1937_million/?utm_source=share&utm_medium=web2x&context=3) + +The TL;DR: I used Google Consumer Survey to survey the U.S. population about their GameStop ownership. I used randomized, representative surveying which allows a researcher to extrapolate results to a broad population. In the case of GameStop ownership, this allows us to model some very interesting numbers that are tough to get at otherwise. + +If you have any questions about methodology, sample size, survey biases ... anything along these lines, I invite you to check out this post with extensive discussion about all of these things: [https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Also, to be a transparent in the process as possible, you can look at the results for yourself here.NOTE: There are actually some very interesting tools that allow you to slice and dice the data if you want to know things like ownership by age, gender, etc.: + +[https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +[https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +[https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +# So here we go ... + +The big data set of 1,500 has finished! This gives us a whooping total of 2,200 samples for this research across three surveys. **Huge props to the individual who set up and paid for the 1,500 sample size! They wanted to remain anonymous, but they are a massive contributor to our collective search for the truth! Big kudos!** + +Before I start, and since I know this question will come up ... yes, we can combine these three samples so long as we understand they took place during different times (which is important because market dynamics change \[sometimes dramatically\] over time). Furthermore, these samples were collected randomly and from a massive pool (tens of millions), and since a person can't be served the survey more than once in any instance, we can confidently combine these results knowing there's very little, if any, impact on the overall conclusions we can draw from this data. + +So here's how things shook out: + +https://preview.redd.it/p5pu9p9b4ub71.png?width=2684&format=png&auto=webp&s=65ef6e35c93e7170bfc49d49feb91fc4feabcd43 + +So the first thing you're going to notice is the drop. The prior readout came in at 194MM, and this is down to 164MM, a drop of 15%. For this type of research, that's a big number. But the thing two things to consider are this: + +1 -- There is a margin of error in all this ... probably 2-3% based on the current sample size. + +2 -- More importantly, there are market dynamics at play here, which is why I included the charts. + +We must also consider the wider context of this research (in terms of market dynamics), and I think the image below is worth considering. + +https://preview.redd.it/uwdigsr09ub71.png?width=1692&format=png&auto=webp&s=0a4561374a97d4fb0d8906f0d30c852cd1bf2056 + +Certainly there are a lot of diamond-handed apes out there, but there are still market dynamics at play. This was a bearish time to survey, and results bore that out as the % of paperhands increased, ownership % fell, and even avg. shares tanked. + +So I don't think the drop is an indictment of the methodology or the platform. In fact, the drop makes a lot of sense. In other words, imagine if we surveyed again as we come out of this cup that's forming. Of course we'd expect these number to fluctuate up, and it wouldn't be surprising if the increases were tens of millions of shares. + +I think the other thing to consider is the overall economy. The further U.S. retail investors get away from there last big round of stimulus, the more likely people are putting their resources elsewhere, or even selling to cover shortfalls due to inflation, reduced benefits, etc. + +# Something New For This Final Update + +In the past, I have struck strictly to the data in hand. If you've read my earlier posts, you'll see I've deliberately designed this research to be ULTRA conservative. In other words, I intentionally took a "Tip of the Iceberg" approach. I completely remove half of all coupled individuals to ensure shares would never be double counted. I capped the response buckets at 101 shares owned, essentially Thanos snapping every share held beyond 101. I took the most extreme approach I could to support the idea that the extrapolated number would be a bare minimum. + +Well, I'm curious about the total number of shares. I'm done surveying. So now it's time to make same guesstimates and worry less about being conservative, and worry more about trying to come up with a precise figure. + +\*\*\*\*\*\*\*\*\*\*Before the comments flood in, please note that everything beyond this point is based only in part on hard data, but also involves some best guess on my part. If you're not interested in best guess, just stick to the content above because what's below is speculative.\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**So to come up with this Guesstimate at the total number of GameStop shares in existence, we have to first address two critical biases ... the 101+ penalty and the couple household penalty.** + +Okay, so 101+ and coupled households. If I were trying to be more precise, here's what I'd do with these two. + +First, the 101+ folks: + +https://preview.redd.it/1znujdd5hub71.png?width=1468&format=png&auto=webp&s=d18bfc3033d941e0837dda6de34c27d15e3f5b67 + +Yeah, that's right. The average ... double it! Well, almost. + +This might still be conservative, but it's almost certainly more precise. I mean, think about it ... if I had a room of a 123 random GME holders from all around the U.S., what are the chances of there being being 1 person with oh, I don't know, 4,000 shares? Even this one person showing up half the time would increase this average still a bit further. So there are still some things we just don't know, but we know we don't know them, which is good. So again, I have to cap this (1,000). Conservative? Maybe. Maybe not. It is what it is, and it gives us an average of 64.3 shares to work with. + +For coupled households ... my instincts tells me there are plenty of households were both individuals in the couple own GME. What percent? I don't know, but 20-30% seems reasonable. I also believe there are couples who might respond as if an individual (i.e. a husband answers no because the shares are in his spouse's 401K, or a wife says yes, but responds indicating only the shares in her brokerage account, even though she in and her spouse own shares together in a separate account). There are a lot of different scenarios here, but the model I've been using take the most conservative approach by lopping the coupled households in half. So instead of that draconian of an approach, let's reduce the penalty down to 80% versus the full 100% penalty. + +When we do this, and we use the new average share calculation, we get something like this for our Guesstimate-based U.S. adult population extrapolation: + +https://preview.redd.it/32vvpajojub71.png?width=1390&format=png&auto=webp&s=dba8959ecf8808f877711fb6380aba1fa4306a97 + +And then, we can use the above and start adding in everything else, like foreign retail investors, insiders, institutions, etc. + +https://preview.redd.it/p4pxwgwtjub71.png?width=888&format=png&auto=webp&s=c2b4f1ce035768fc74c64ac43b4152748f9d585f + +**\*\*EDIT (July 19) -- I did just see a Bloomberg terminal readout and it has U.S. ownership at 89%, so the above Non-U.S. Retail number is probably quite a bit larger than it should be. If Bloomberg is accurate, and the above number I'm using for U.S. Retail is accurate, Non-U.S. Retail would probably be closer to 44-45MM, not 84MM. So my revised global total would be closer to 487MM total GME shares worldwide. Still a ton of shares, but to keep myself honest and be as accurate as possible, that Non-U.S. number needs to come down a little. I'm just too lazy to redo the image. \[End Edit\]\*\*** + +So to answer my big, red "Have I missed anything?" question ... there is one bucket totally missing (Family Firms), and also, I have no idea how accurate the Small Institutions number is since they don;t really report anywhere (that I know of). Also, it's always possible for even the big firms to report confidentially. So there that. I'm a little sketchy on the ETF numbers too after watching Charlie's Vids: [https://www.youtube.com/channel/UCIDaSv47u-Y8uXfbkmEGaxw](https://www.youtube.com/channel/UCIDaSv47u-Y8uXfbkmEGaxw) + +What about anything else? Shorts? Options obligations? + +Anyway, 521MM shares of GameStop is my best guess at this moment for universal ownership of $GME. Furthermore, I'm 99.99% certain retail (especially global retail) owns way, way more than what's being reported as the total Outstanding shares of GameStop. It's encouraging that the paper-handing has been so low overall, even during the toughest downturn since March. + +# What do I think this all means? + +For a long time I've stuck to the data and kept my wider opinions to myself. But I'm ready to share what I think this all means, and it means nothing has changed. It means we're looking at the exact same picture we've been looking at all along. So long as retail continues to buy and hodl (even just hodl at this point, although I'm still buying), this is the scene: + +[Running and escaping are not the same thing. There literally is no escape from this based on the fact the market is a zero sum game.](https://preview.redd.it/l4fmos8plub71.jpg?width=512&format=pjpg&auto=webp&s=16ae6a6b43e305bc3b48babc32d1c5b5d58a5387) + +The price of GameStop will continue to rise and fall. But as DFV pointed out, only up. From a TA standpoint, this has been exactly correct. What I see is a stock forming a massive bowl and building a massive amount of energy. A caldera perhaps. + +In my mind, this whole saga can only end in one of a very few ways: + +**A Slow Burn** + +Think Tesla. GameStop keeps getting stronger. The rollercoaster keeps rolling, ever higher highs and higher lows on the monthly. A year or two from now, we're much higher than we are now, and the shorts still haven't closed. + +**A Fast Burn** + +Think Overstock. GameStop initiates some sort of scenario that necessitate a recall, or perhaps a novel dividend scheme that forces shorts, FTDs, and synthetics to all close. The squeeze is squoze in the way many of us envision it, with dramatic increases and rapid liquidations. + +**New DTCC Rules Do Their Thing** + +Slowly then all at once, the dominoes start to fall. Maybe it starts with a family firm, or a small hedge fund. This might play out over days, weeks, or months ... but basically, this would be a cascade of margin calls and liquidations, getting ever larger until the banks can no longer hide it. + +**Federal Indictments** + +We do know there is an SEC investigation, but what if the FBI is already involved. If there is criminal behavior behind all this, there could be a negotiated deal of some sort, particularly if a large market maker is brought down by charges. I'm not sure what precedent exists for this scenario, but court proceedings, etc. would change things dramatically I assume. + +At any rate, I know my strategy. It's to add shares using cash as I can afford them. It's to hodl. It's to shop at GameStop if and when I can. It's to share the GameStop story with whomever might be interested to hear about it. And it's to wait, knowing I'm holding shares of a company that I believe to be undervalued, even without the potential for a squeeze. + +In a nutshell: + +https://preview.redd.it/fzu4gdoxrub71.png?width=3410&format=png&auto=webp&s=8d168081265f58be343d29f9ef66d57fbf801788 +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. +Listen and hear me out before you unleash the downvote army on me. + +&#x200B; + +I am a Grocery Team Lead at Target, and I honestly take my job extremely seriously, as much as I hate it. Upon seeing Amazons earnings and what they expect in the future, I am seeing exactly the same in the brick and mortal level, which impacts the e-commerce side of our business due to products constantly being out of stock (OOS) and not just on a regional basis but a global basis. The things I have been experiencing and witnessing are lining up with what Amazon is going through, product is simply not coming in. Workers are quitting in levels I've not seen possibly ever. I hear it's the same just about everywhere else outside of target through vendors. Things are much more dire than I think most of us outside of this forum realize. + +If Goliaths in the industry such as Amazon are also being greatly impacted by the same situations we are realizing here at TGT, I can't help but imagine these problems are within just about every sector in our country and in the world. I believe we are witnessing the largest pump and dump in the history of pump and dumps currently with $SPY hitting record highs off of bleak economic and fundamental data pouring in from the most recent quarter. Algos are clearly only programmed to care about the EPS, and QE rather than the underlying fundamentals of market mechanics, and supply and demand. But that's a fight for another day. + +Apes, I firmly believe we're closer than we have ever been to an utter fucking economic catastrophe, that sorry for beating a dead horse here, will make the 2008 crisis look like a fucking fairy tale. + +Everyone in my social circle, whether it be from work or family or friends, as well as their social circles, is experiencing extreme distress, all directly from the economy and the current situation we all find ourselves in. Keep yourself hydrated, take breaks from all the crazy shit happening, and above all else, please take care of yourself. You are going to need it. It's already happening my friends they're just hiding it till they cannot. As history has shown time and time again they will lie till the very fucking end and even when its the end they will lie and say it is not. I cannot stress enough how dire this is. I am downright terrified by what I have been going through lately. + +Never in my 10 years of customer service have I ever experienced such distress on the job, not even through the lockdowns in the start of the COVID-19 pandemic, where people were panic buying on a level that amounted to apocalyptic scenes and feelings of the absolute end of life itself. The common folk is waking up all around you and the system is failing because of it. It's completely outside of GME but this also is directly related to it. We as the common folk are fucking rising up and this shit is about to collapse. Brace yourself, or as a wise man once said, BUCKLE UP. Love one another, we're all in this fight together whether they realize it or not. + +We cannot fail....or else they will take it all. + +&#x200B; + +Sincerely yours + +u/letthebandplay777 +Lots of people here invest in stocks and real estate for wealth accumulation but these investments donā€™t generate tons of income like some small businesses out there. The 2 businesses Iā€™ve purchased nearly doubled my income even after debt servicing. Itā€™s definitely more involved than stocks and real estate but with a manger in place I would hardly call it a ā€œfull timeā€ job. + +Thereā€™s some misconceptions out there about business investing you may have come across that arenā€™t true. Such as these: + +**A small business for sale must mean its failing.** + +Itā€™s very rare and difficult for a business owner to sell a failing business. This owner would have to fool a business broker and their team, you and your accountant, your lawyer, and the bank you get financing from. + + **Buying a business is buying a job** + +This is only true if youā€™re buying sub $50,000 shops where youā€™re the only employee with no room to hire a manager. For example a corner store. + +**It costs too much to buy a business** + +Lots of people get this idea that a business is worth millions of it was sold. Small business arenā€™t really that valuable. Most small businesses sell at 2x - 4x their EBITDA. +&#x200B; + +https://preview.redd.it/mdorqse355b71.png?width=1600&format=png&auto=webp&s=44da4634d4623a026508d8b3ee43800416d0e9b3 + + 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/7g5rc0y555b71.png?width=680&format=png&auto=webp&s=144b3293ae6ab3caa03a81030a682c9d3a6475b8 + +The reverse Repo's + + +https://preview.redd.it/btcnsjaa55b71.png?width=700&format=png&auto=webp&s=af4fe69d3a8f7e8a860eb6fd8da01a675b411427 + +&#x200B; + +&#x200B; + +https://preview.redd.it/dv7lkuxr55b71.png?width=598&format=png&auto=webp&s=d64555cc76eaadca517a05162c1e6d247fcbefa3 + +# Now the SEC won't let me be so they passed new rules yesterday and lets go see. + +Yesterday the CFTC had a meeting and we got a couple of new rules! + +[https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +[https://www.sec.gov/rules/sro/dtc/2021/34-92380.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +[https://www.sec.gov/rules/sro/dtc/2021/34-92381.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +Also our own u/leisure_rules made a post about it [here](https://www.reddit.com/r/Superstonk/comments/ojmur0/extended_summary_cftc_risk_meeting_and_proposals/?utm_source=share&utm_medium=web2x&context=3). + +also it seems that the DTC dropped a lot of rules about options yesterday... someone is prepping themselves for something šŸ¤” + +&#x200B; + +https://preview.redd.it/phqc92co85b71.png?width=450&format=png&auto=webp&s=4fb7c1baf88f1ea429448715df9b65e636c8123d + +# Someone may have found a link to RC's tweet and Susquahananashaaaa + +[https://www.reddit.com/r/Superstonk/comments/ojfm6n/rip\_dumbass\_tweet\_revisited/](https://www.reddit.com/r/Superstonk/comments/ojfm6n/rip_dumbass_tweet_revisited/) + +it's an interesting read and who knows it may be a refference to it + +# Inflation Alert! + + u/Dismal-Jellyfish made a post [here](https://www.reddit.com/r/Superstonk/comments/ojem8k/inflation_alert_in_june_consumer_price_index_for/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/g63muqgo75b71.png?width=602&format=png&auto=webp&s=dab59d348893ea4fae90d74552f09b22fd4ad78f + +&#x200B; + +https://preview.redd.it/qr3h05qs75b71.png?width=597&format=png&auto=webp&s=90bad03a4dd335cf2987b4650f6702b07f17cdae + +this one is a... yeah Jpow tell us how inflation isn't a thing now plz ? and how? + +&#x200B; + + + +# DTC Membership Update: + +Effective with the close of business on July 13, 2021 JPMorgan Chase Bank, National Association, #0902, will retire the following account: JPMORGAN CHASE BANK/CORPORATE MUNICIPAL DEALER. + +credit to u/Dismal-Jellyfish again <3 + + + + +https://preview.redd.it/bmpcrp9585b71.png?width=945&format=png&auto=webp&s=04f9346e8190a8bae8ebd554e1b52aeab9249d43 + +&#x200B; + +Also before we go just remember, Today is t+35 days from June 9th, the shareholder meeting. + +May be something, may be nothing but I'm playing "row row fight the powa" on full blast today with high hopes. + +&#x200B; + +https://preview.redd.it/lwyvhvqa95b71.png?width=554&format=png&auto=webp&s=0003c75621b7e29e6f863f676f2b9ed245a3b51b + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/bgqxdy7d95b71.png?width=400&format=png&auto=webp&s=3f038db1f36c3037f43335bcbc13930bd7ce76e2 + + + +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/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; + +Remember today is "bastille day", we might see fireworks, we may see something we may see nothing who knows. +Hi everyone, thank you for all of the questions. Our AMA guest /u/2021Demosthenes is a senior exchange executive, and has gone through them and answered to the best of their ability. Below are the questions and answers. Please feel free to post any follow-up questions or additional questions, and they will do their best to respond starting at around 4pm ET. + +Q: What happens when the entire float of a company is direct registered if there are still mysteriously outstanding shares? [Putrid-Initial-3864](https://www.reddit.com/user/Putrid-Initial-3864/) + +A: If i was an investor - i would send a letter of inquiry to the issuersā€™ corporate counsel office and/or investor relation team. + +Q: Does DRS reduce liquidity, and if so is there any danger that stocks without enough liquidity would get delisted? [Taratds](https://www.reddit.com/user/taratds/) + +A: It is possible that DRS can reduce liquidity or what is called ā€œfree-floatā€. This is not legal advice, but i donā€™t believe it is possible to be delisted on the basis of liquidity. Any such de-listing rule would have to be defined within the respective Exchangeā€™s rulebook. + +Q: Do institutions DRS their shares? I ask this because I've found a couple of tickers that have institutional ownership alone above 100%. How is that possible? (u/[stickninjas](https://www.reddit.com/user/stickninjas/)) + +A: I would suspect so, but i do not know. Ā Only the issuer and investor would know if they are in DRS. + +Q: If a platform (eToro in this case) is able to purchase directly from a liquidity provider, can they say that they are not able to transfer shares because they are not an exchange or a market? (u/[micascoxo](https://www.reddit.com/user/micascoxo/)) + +A: Itā€™s unclear to me why eToro would source shares from a liquidity provide? I am unfamiliar with their business model. Not legal advice,Ā  I am not familiar with eToroā€™s customer relationship agreements but generally - no - there is no reason why a broker could not transfer shares, they are your shares and you should be able to manage them how ever you feel necessary within the existing rules.Ā  Exchanges have nothing to do with ā€œtransfersā€ of ownership unless there is a transaction at which time they send records to DTCC to say x bought/sold to y. + +Q: What rules or regulations prevent a company from announcing publicly how many shares of their stock are Directly Registered Shares? What is the "official" reasoning for these rules/regulations from the SEC and the Self-Regulating Financial organizations? What would be the consequences for a company that released these numbers for public consumption? ([ancapdrugdealer](https://www.reddit.com/user/ancapdrugdealer/)) + +A: I am not familiar with any such rules.Ā Ā The company/board could determine that they want to share that info. DRS is not generally not a common part of a daily back office function of brokers and issuers. I would not be surprised if most of them were completely unaware of its existence. + +Q: What is the best way retail can find out the total number of shares directly registered? And the total number of votes that were actually cast, without any sort of normalization or truncation to match the float? This seems to be very basic information that should be available to the public, unless their (those making up all the rules) excuse is crime. ([mailkrishna12](https://www.reddit.com/user/mailkrishna12/)) + +A: Most issuers only require a quorum of voters to be recorded so you donā€™t get a full count at every vote.Ā  The dominant thought is that ownership of shares is best kept private.Ā  As i stated in an early question - most issuers/brokers are likely unaware of DRS. + +Q: If there is only a digital register of shareholders, how does a shareholder provide proof of ownership themselves? [CheetoBandito11](https://www.reddit.com/user/CheetoBandito11/) + +A: In the context of DRS, the shareholder details are recorded when itā€™s transferred to their name as beneficial owner.Ā  When there is a vote/dividend - that information is used for distribution of voting cards/funds.Ā Ā  + +Q: As the system stands now, who is in the position to confirm when all shares have been accounted for at the transfer agent? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: There are no shares at the transfer agent -Ā  a transfer agent has a responsibility on behalf of the issuer to maintain the records of stock certificates and their shareholders.Ā  All records of shareholders are stored at the DTCCĀ  (DRS or non-DRS) and itā€™s the transfer agent that has access to all those records. More infoĀ  on the role of transfer agents can be found here -> [https://www.sec.gov/divisions/marketreg/mrtransfer.shtml](https://www.sec.gov/divisions/marketreg/mrtransfer.shtml) + +Q: If all shares of a security were to be accounted for at the transfer agent, do market maker exceptions to promote liquidity supersede the rights of shareholders? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: Regulation SHO contains an exception that allow market makers, and brokers to sell regardless of the number of accounted shares.Ā  + +Q: If you have opted for dividend reinvestment and then the company offer a special NFT dividend, what happens? Does computershare try to reinvest it some how or does it stay on the books waiting to be claimed [CheetoBandito11](https://www.reddit.com/user/CheetoBandito11/) + +A: I donā€™t know the specific answer here nor am i familiar with a ā€œNFT dividendā€ but computershare shouldnā€™t be reinvesting anything in their function as a transfer agent. It could be they have an affiliated broker dealer that may offer the service you described. Investing is done with a broker - it may be possible that computershare works with affiliated brokers to provide such a function. + +Q: Yes/No - Removing shares from DTC circulation will result in increased demand for the security on DTC run markets [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: It depends. when the amount of free-float is low- data suggests that prices are more volatile, bid-ask spreads widen if there is increased demand. + +Q: Can a security issuer trade completely off the trading exchanges regulated by SEC? If Gamestop were to account for its own shares and issue a dividend confirming the \~61.5 MM shares, is it legal for a company to sell private shares on a private network outside SEC purview? Would they be de-listed? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: Hypothetically, a company does not need to be ā€œlistedā€ on an exchange to sell shares to the public.Ā  Being listed on a national securities exchange requires that they must follow the Exchangeā€™s rules.Ā  A company can sell public shares in more ways then an exchange. An Exchange ā€œlistingā€ is the popular path as it provides a system of support that investors are familiar with. IRC, there were companies that went ā€œpublicā€ on their own website in the early 90s which triggered a lot of legal discussions as to whether the ā€œinternetā€ was public enough. + +Q: If someone were to transfer their shares into CS to DRS them, and the broker would not be able to locate these shares, **is it possible that the broker in this scenario would simply send over money roughly equal to the value of the shares being "transferred," and that CS would then use this money to buy shares directly from GME's personal supply of shares,** separate from those counted in the float, but not owned by anyone but GME itself. [Made\_thisforhelp](https://www.reddit.com/user/made_thisforhelp/) + +A: You donā€™t transfer shares to CS using DRS,Ā  your transferring the shares to yourself and the DRS system is keeping track of it.Ā  CS, on behalf of the issuer as itā€™s transfer agent, has access to these records when they register as a DRS participant.Ā  In the normal course, no entity can transfer those shares once under your name.Ā  CS is just one of a number of transfer agents that exist but every company has only one and they all help issuers manage the relationship with their shareholders. It is possible that computershare works with affiliated brokers who provide such a function. + +Q: How are we sure that DTCC really does remove the shares from being available for shorting etc. after DRS? Is there any supervision over the overall amount of shares (DRS + DTCC/CEDE&Co. = Outstanding Shares)? What systems are used for this share tracking? [Neoquant](https://www.reddit.com/user/neoquant/) + +A: Once the shares are in DRS registered in the shareholderā€™s nameĀ  - they cannot be used for loans.Ā  I am not aware of any specific supervision but if the DTCC rulebook has a rule around it - then the SEC would be their regulating body. + +Q: Can I remain the direct registered owner of my shares with the transfer agent, but release custody to a broker of my choice to allow easier selling? [Michaellargent](https://www.reddit.com/user/michaellargent/) + +A: When you register shares in DRS - they are in your name. The transfer agent has access to that information within their responsibility to the issuer as its transfer agent. Only the beneficial owner can permission the transfer of shares to a broker. + +Q: Is it possible to explain what a hypothetical event timeline would look like as a stock approaches critical percentages of DRSā€™d shares. Are we going to see notices by the NYSE, or the clearing houses, or is a certain percentage qualify as a material event that the company has to report ? Possible ETF de-listing due to lack of liquidity? Are we going to see any differences in certain stock-metrics ? Are there any internal communications that are likely happening within gov bodies and that we could make FOIA requests for ? Generally Iā€™m looking for a model of how this could play out so we can recognize the signs and act accordingly. Cheers [wellmanneredsquirrel](https://www.reddit.com/user/wellmanneredsquirrel/) + +A: There have been occurrences going back to the early 1900s where an individual investor has attempted, and in some cases succeeded, to own all the public float. In a modern sense - we can look at the characteristics of aĀ  private company to help imagine what that that could look like today. Private companies have low shareholder turnover, are significantly less liquid and less transparent . Not advocating for one or the other - but the tradeoffs certainly differ.Ā  Hypothetically, we may have a highly transparent public company where it is difficult to find buyers/sellers - this is how we arrived to our current system of ā€œbrokersā€ and ā€œdealersā€. + +Q: I would be interested in knowing how the short interest open positions - be it hiding in equity total return swaps, options derivatives, etc - are affected when DRSing stocks. Does removing shares from DTC via DRS have any loopholes that allows short institutions a way to wiggle free of responsibility for and ownership of delivering synthetic shares? [TangoWithTheRango](https://www.reddit.com/user/TangoWithTheRango_/) + +A: This is a great question.Ā Regulation SHO has allowed ā€œwiggleā€ room as exceptions. I am unaware of Ā whether these exceptions are exploited for benefits beyond the scope of the rules as is i have not see any studies or reviews of the effectiveness of the rule. A recent example that highlights some of the issues is Dole Foods, where they found out they had more votes then shares when the company was seeking to go private.Ā  + +Q: Also, what are actions that will be taken by all players involved when/if all outstanding shares are DRS? Dr Trimbath mentions CMKM and how brokers simply deleted long positions they held on the books once all shares were pulled from DTC.. is this likely to happen here? [TangoWithTheRango\_](https://www.reddit.com/user/TangoWithTheRango_/) + +A: I am not familiar with CMKM. Ā FINRA would likely have something to say to brokers who ā€œsimply delete long positionsā€. + +Q: Let's say a company subject to naked shorting were to take legal action to prove the existence of those shorts, after being notified that their entire float is directly registered. Other investors can, presumably, no longer DRS at that point. But if any investors possessing directly registered shares were to sell them afterward, could investors *without* directly registered shares at that time have DRS requests granted? [Wolfguarde\_](https://www.reddit.com/user/Wolfguarde_/) + +A: Naked shorting is illegal and is the reason why we have Regulation SHO. Hypothetically no. If the total distributed shares = the number of shares in DRS - then you there should not be any more shares to register. A company could reach out all brokers and ask for a shareholder list to check. There is a specific process/form for this that i canā€™t recall at this moment. + +Q: On a scale of 1 to 69, how excited is your friend about GMEā€™s future and its impact on the broader investment landscape. [wellmanneredsquirrel](https://www.reddit.com/user/wellmanneredsquirrel/) + +A: GME is one of many similar events that have occurred in the past.Ā  My reasons for answering questions here is because of the impact you already have had on the broader investment landscape.Ā  When you purchase shares of a company, you join a group of stakeholders that includes the employees of the company - If the integrity of that system comes into question, i would want stakeholders to step up and begin to test their rights and understanding rather then assume that everything is fine.Ā  The outcome of such activity would benefit more then shareholders. + +Q: Does DRS affect liquidity of the real shares held at DTCC or does it theoretically affect the FTDs first before the real shares are pulled out? What is the sequence of actions that DTCC takes when a transfer agent requests these shares? [Justwannabeatmarket](https://www.reddit.com/user/justwannabeatmarket/) + +A: Transfer agents do not request shares. On behalf of the issuer - transfer agents are able to access the information that is tracked at the DTCC.Ā  In the case of DRS, transfer agents have to request permission from the DTCC to access records in DRS.Ā  + +Q: Are there any standards for DRS transfers like there are for FOP/ACAT transfers? As it seems the fees and transfer timelines vary greatly from brokers within the same country. [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: There are standards. I feel the awareness of the existence of DRS is very low and while DRS was an effort to the solve the paper tracking it feels like there is still a lot of paperwork involved to move in and out of it. + +Q: Why is it that ComputerShare US can only accept DRS transfers, and not other kinds of transfer systems such as ACAT? [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: Appears to be some confusion on the role of transfer agents.Ā  Transfer agents work on behalf of the issuer to maintain records of the security holder, issue new stocks, distribute dividends.Ā  A transfer agent would need to establish a relationship with DRS to track ownership. ACAT is a system for and between brokers.Ā Transfer agents must become participants of DRS to gain access to the information. Nothing is transferred to the transfer agent. DRS keeps track of all shareholders who register shares in their name and transfer agents collect that information and track it on behalf of the issuer. + +Q: Is the DRS transfer system the only way to withdraw US shares from Cede & Co? Are there any other ways to register a share in your own name? [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: To my knowledge, you could also ask for the actual stock certificate in paper form. + +Q: Hypothetical: A company is heavily shorted (or hedged with options that exceed the entire amount of issued shares). Basically Market Makers keep selling naked short "for liquidity". Eventually over a long time, the total number of shares issued by this awesome company is 100% direct registered to actual people. The DTCC or Cede has zero shares. Synthetic shares at brokers are abundant and obvious now right. Is it even possible for options markets to function like this? How can any Market Maker "provide liquidity" when every share is locked up as direct registered? There is no possibility for "expectation to locate". Because a bunch of apes tossed all the shares in the infinity pool. [ihas\_prehensile\_tail](https://www.reddit.com/user/ihas_prehensile_tail/) + +A: Regulation SHO has an exemption for registered market makers Ā that does not obligate them to locate shares. As noted in an earlier question there is ā€œwiggleā€ room for brokers as well.Ā  +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 worldā€™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 25yearsā€™ 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 ā€“ C$37,123), [Cheetah Resources](https://www.miningnewsnorth.com/search/Cheetah_Resources) Corp. (rare earth elements ā€“ 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 + +[ ā€œOur facility will be located within SRCā€™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,ā€ ](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 (ZrOā‚‚), 0.41% niobium oxide (Nbā‚‚Oā‚…) and 0.041% tantalum oxide (Taā‚‚Oā‚…). Combined recoveries of TREO, ZrOā‚‚, Nbā‚‚Oā‚…and Taā‚‚Oā‚… 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, ZrOā‚‚ = $3.77, Nbā‚‚Oā‚… = $45.00, Taā‚‚Oā‚… = $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 colonelā€™s back in town and some Yellowknifers couldnā€™t be happier.Ā  ](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. +In building a bullish case for a crypto company most people tend to start (and stop) with whitepapers and roadmaps. A new project gets launched and pumped up by a couple whales, speculation gets amplified, personalities are hyped along with their projects, and a few months down the line it usually all ends up in tears ($TIME, et al.) + +Beyond all the mess and fake hype, I believe there are innovative projects with ironclad fundamentals that tend to fly under most people's radars. + +Among my new favorites, I'm bullish on [Zebec.io](https://Zebec.io) , a continuous settlement protocol that allows for real-time continuous streams of payments. Also very bullish on [liquality.io](https://liquality.io), a multi-chain "superwallet" with one-lick atomic swaps that makes Metamask (and their support team) look like hot gabage. + +Curious to find out what under-the-radar projects everyone is currently bullish on. + +&#x200B; + +Please, no nft's or "node" projects + +Edit: Ty so much for all the suggestions. Lots of great projects to go through! +So I (22F) started trading a couple months ago, and it's apparently become an issue. Most of my friends and family support me and are happy that I found something I enjoy. But my boyfriend (22M), seems to have an issue with it. He says that money isn't everything and that I have to pick him or trading. I'm not really sure what the issue is because even if I trade all day I make sure to call or face time him. I will even invite him over but he says to contact him when he has my undivided attention. Has anyone else faced an issue like this? +Hi, + +I have a few Ā£1000 I can afford to lose and as a data analyst I'm curious about investing. It seems that reading The Intelligent Investor and Warren Buffet & the Interpretation of Financial Statements + a demo account on a trading platform seems a good start. + +My question - when I've armed my self with enough knowledge to take the plunge, how much of time sink is it likely to be? I imagine I'd probably want to research and invest in 10 or so companies to begin with. This would definitely be a hobby for me, but I don't really want to get involved if it's likely to take up many hour of time each week. + +What's the story with those of you that are already at this stage? + +Many thanks! +Right now I usually hear about companies either through the media or through forums, and then continue my own research from there. I understand the process of valuation, but where do I find the company I want to valuate, among the millions of companies avalible? + +Take this GameStop situation for example. How did DFV spot the Gamestop-situation over a year ago before most others? Or how did Michael Burry spot the subprime mortgage crisis? Why does Berkshire Hathaway all the sudden feel the need to invest in a specific gold-mine; why not a silver-mine? There are millions of stocks in the world; how do people find these Ā«needle-in-the-haystackĀ»-type opportunities? + +What tools/screeners/spreadsheets/websites/resources etc are they using or reading? What is workflow like? +This sub is going downhill. We need to get this back to helping people, not humble brags about paying off a $1k loan. Good job, but do we need 50 threads a day about that? No. + +Suggestion: none of these posts daily. Let's move to a sticky thread? The screen shots don't add much to the conversation - they are unneeded. Let's get back to helping others. +I suppose this question is mostly aimed at those who worked long hour, high stress, high risk/reward careers to make it to fatFIRE. + +For some personal context, I (29M) am preparing to assume full ownership of the S-Corp that has been the source of my family's moderate wealth for a few generations. The transfer of the family business from my father to me is set to occur at the end of 2020. I've made it a point to check the right boxes in preparing for the generational business transition - I have an advanced degree in the company's specific business field, I worked for other companies early in my career to get outside experience in the industry before taking an executive role in the family business, and I have been working my ass off to get as much experience as possible in the business prior to the impending ownership transition - I effectively run it now. I have the respect of my management team and all are on board with and ready for the transition. + +Historical business performance is no guarantor of future success, but the business's average yearly profit (which, as an S-Corp, goes to my personal bottom line) after taxes is 7 figures on top of a comfortable annual salary (I live in a LCOL area, so money goes far). On paper, I am walking into a situation that many would kill for. + +Here is the plot twist: the field in which I have chosen to work tends to be cutthroat, intensely stressful, and requires significant work hours - and this is applicable for non-business owners in the field. Running a successful business in any field is tough; running a successful business in a highly competitive field is extra-tough. + +I am married with a young child, and both wife and daughter are the lights of my life. Due to work stress and hours, the past couple years have been tough on my marriage and have taken away from my ability to be the father I want to be to my daughter. My marriage is still solid and my daughter and I do have a special connection, but I've had to accept that the most important relationships of my life are not as easy to maintain as they once were and will continue to suffer somewhat due to aforementioned hours and constant business pressure I have chosen to accept. It is my choice to be where I am in life, but I do find myself envying my peers who work 40 hour weeks and have every weekend off with their families even though their net worth ceilings are significantly lower than mine. + +Despite my opportunity, I go through periods where I want to hit the proverbial "eject" button and work a "normal" job again, and then I feel guilty/crazy for thinking about giving up the opportunity of a lifetime. I was at a low point a year ago when I accepted and then canceled a couple interviews for low hour/low stress positions that would give me work-life balance with a comfortable salary and modest pension. + +My family is intentionally discreetly wealthy (at least in terms of its net worth), and I aspire to fit this mold. Neither my wife nor I crave extravagance, so the whole point of wealth generation for us is to create a comfortable retirement nest egg, quietly travel as we please, and provide for our kids (and any future grandkids) the kinds of opportunities that I was provided by my parents and grandparents. + +Conversely, we could be perfectly comfortable if I worked a "normal" job and still set up future family members for success with a combination of normal job earnings and inheritance money. In this scenario my retirement date would be further in the future, but the path to retirement would be much more leisurely/normal. + +I get that the above paragraph may seem ridiculous in light of the significant opportunity in my immediate future, but I suspect many of you who have walked in my shoes know the internal conflict I am feeling. I make it a point to explain to my close friends who know my personal situation that the path I am taking is not full of sunshine and rainbows. Choosing to pursue wealth at the expense of physical/emotional health and deeply important personal relationships is somewhat dubious - and I have seen firsthand that this is often the cost of accruing wealth, at least to some extent. + +My specific situation differs from many of those in the fatFIRE community, but the overall equation of Business Opportunity + Long Hours + High Stress Work + Near-Mid Term Personal/Relational Sacrifices = potential for fatFIRE holds true. I would love to gain some insight from those who have "made it" - was/is the end worth what the journey took from you? What kept you going? Any regrets? What would you do differently if you started the process over? + +Thanks for the read. + +Edit 1: A sincere thank-you to all for the great replies and discussions to date. You all are a thoughtful lot. +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/ywAGqfUAQE) +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 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 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 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 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). +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 itā€™d be like if they had successfully infiltrated the mobile market as well. +I failed to notice it in the paperwork signing process. She said "sign here" with her hand on the loan paperwork (not sure if it was covering the amount or even if it was intentional) I signed it, she instantly folded it in half while I signed other paperwork. She kept me busy with stories and small talk. + + + +I feel like I was screwed over...but it is 100% my fault for not paying attention. +The money Iā€™ve been saving up doesnā€™t really have a purpose right now, but I feel that itā€™s a good start to ā€œsomethingā€ (if that makes sense). Iā€™ll probably continue to grind on these delivery apps until the end of this year. I currently have around $2500 saved up in the bank. My question is: should I be doing something with this money such as investing in stocks? Iā€™ve been told that itā€™s not ideal to just have money sitting in the bank. Any advice would be helpful! :) + +Edit: Also wanted to mention that putting money in a savings account with interest (or anything interest-related) isnā€™t permitted in my religion. +Robinhood's being set up to take a fall. That's my theory. The SEC report was supposed to be out a week ago. Why the delay? Why are transcripts of Robinhood executives being "leaked" to the media to remind everyone of what they did? Including one where an executive correctly assumes that they are going to be "crucified" for their actions? + +As I said in the megathread, in my opinion, Ghoulish Gary Gensler and his feckless SEC was going to submit a "REPORT" (remember Gary's sarcastic quotations?) blantantly ignoring the crimes of late January and basically just complaining about gamification and PFOF with absolutely no changes being implemented. + +Why the hell, if the report was ready, did Dr. Burry just get a subpoena for GME? + +Because something changed. They are shook. They need to revise the "REPORT". + +Bulgarian Boy and his shitty little company are gonna be the fall guys in this revised report. + +So what changed? Well, retail went on the offensive, we started locking up the float with DRS. The hedgies are running out of loopholes and time. They can't hold us in their rip-then-dip loop much longer. + +In the upcoming weeks or months, at some point fairly soon, retail is going to lock up the goddamn float. + +What is the SEC to do? Well, someone has to go down, and it sure as fuck isn't going to be Ken Griffin. + +They are going to attempt to send all of this to the courts for a settlement. + +Don't fall for it. LOCK. UP. THE FLOAT. +I failed a lot while trading before, during, and after succeeding. I havenā€™t counted it up, but itā€™s likely I encountered losses in excess of $150,000 from making mistakes that were easily avoided, rash decisions, and not giving myself enough time to test out strategies. Net net, Iā€™m up $500,000, but I was asked to share some of what worked for me over IM quite a bit after my last post and figured Iā€™d lay it for others who may not want to waste money learning the hard way, as I did. + +These are tactics and strategies that worked for me and my situation - someone trying to increase net worth, not increase income - and they may not be suitable for everyone. + +**Understand the Trading Environment** + +One mistake I made more than a few times was not understanding or paying attention to the trading environment I was in before picking out a strategy. What do I mean? I need to know where things are in the year, in relation to earnings season, and in relation to sector rotations. I need to pay attention to the macroeconomic indicators and I need to watch the VIX. + +**Mind the Gap Between Earnings Seasons**. I canā€™t stress this enough. When earnings are strong and earnings data is coming in, investors watch those like hawks. Good earnings reports bring confidence to the market which yields a rising market. + +In between earnings seasons, there is less data from companies to review and investors pay closer attention to macroeconomic indicators like inflation, 10-year bond yields, and what the Fed is doing. This makes for a much jumpier market thatā€™s more likely to pull back. Itā€™s also a time when the large asset managers rebalance their portfolios. They manage billions, so this can cause large movements to stocks and indexes as they shift to be overweight in one asset class (e.g. value stocks, energy) and underweight in other asset classes (e.g. growth stocks, technology). + +I try not to get caught by these patterns. I anticipate they are coming and invest accordingly. Simply put, I buy the pullback after the rotations have occurred and before earnings seasons begin as a general rule. Of course, I donā€™t do this if I expect a terrible earnings season. + +**Take Advantage of Sector Rotations** + +The sector rotations are pretty predictable if you track the performance of the different sectors over the year. I do this by plotting sector ETFs on a graph and noting when one begins to gain that was flat while others that were up a lot begin to flatten or pull back. Professional investors tend to sell off sectors that have been hot the last quarter or two and replace them with underperforming sectors that represent a better value or opportunity for upside. If I run the P/E ratios for the sector ETFs, I can get a quick sense of the sectors that have had a hot run up over 30 P/E vs other sectors that are more modestly valued. Just keep in mind that certain sectors, like Tech, will always be valued more richly given their growth. So looking at P/E ratios is not apples to apples - itā€™s just a way to note if historically that sector is at the high end of its own typical valuation range. + +Last yearā€™s worst performing sector tends to be one of the best performing sectors the following year. This is because investors prefer to buy low and sell high. I donā€™t bet against this trend, itā€™s been around longer than I have and will continue to be around long after Iā€™m dirt. + +Last year you couldnā€™t give away a barrel of oil. Last week, oil reached $80 a barrel. + +One of my favorite options strategies is to buy long dated calls at the money for sector ETFs that underperformed the previous year. I buy calls with expirations in 6-9 months, knowing that I will sell at my exit point which for me is a 100% gain. Sometimes this happens 6 weeks into the year; other times it takes 9 months. So long as I donā€™t overpay for the options, it works. I donā€™t like to pay more than the average price return of the sector. For example, if the sector ETF averages a 10% annual return and the ETF price is $100, Iā€™m not going to buy a call for more than $10. That way, if the sector only moves 5%, I can still make money provided the price increase moves quickly enough. + +**Make The VIX Your Friend** + +The VIX is an easy way to gauge fear in the marketplace and is a hedge used widely against market pullbacks. If the VIX goes up, the market is worried. If it goes down, the market is getting bullish. If it stays up, everyone is on edge. Itā€™s hard to make good trades in an environment where everyone is on edge and ready to hit the sell button. So be careful buying during times when the VIX is high. On the flip side, if the market has pulled back and the VIX starts to retreat away from its highs, that makes for a good entry point. + +Another interesting phenomenon is when the VIX is higher than normal, there tends to be a selloff the Friday before a long weekend. This happens because investors donā€™t want to sit through a long weekend that might hold worse news out of fear they will start their Tuesday with losses piling up. Iā€™ve found this is a nice time to get some discounts at the end of the day Friday, or to run some weekly puts on Thursday afternoon before the dips. + +**Selecting Trades & Investments** + +**Have an Allocation Plan** + +The first thing I recommend is determining, in advance, the amount of money you want to invest longer term vs the amount you want to invest short term vs the amount of money you might actually need to have available for life emergencies. Anything shorter term is higher risk, higher reward. I break my portfolio in the following buckets: + +* 25% long-term market investment using equity ETFs that largely track the SPX or do a breakdown between bonds and the market. I use Vanguard funds and a small cap value fund called CALF. I will not touch this money for 15+ years. +* 25% cash. I like to be ready to buy the dips and have enough to spare. This way if a black swan event happens, I not only have money to invest, I have money to live on should things go bad for a while. This philosophy enabled me to buy options when COVID hit in 2020 without worrying if I could continue paying a mortgage for a year without a job. Itā€™s also very useful if I have to roll covered calls to offset taxes and buy back expensive positions. I took this from Buffet FWIW. +* 30% options, mostly in tax advantaged accounts (IRAs). I aim for a 50% annual return overall with this portfolio, though it fluctuates a lot year to year. +* 10% long term blue chips stocks like Visa, Apple, MSFT, etc. I defend these positions when the stocks get overheated by selling calls on them and/or buying puts out of the money that expire after a typical sector rotation would occur. That can generate some additional income or help lessen the sting if the stock falls. +* 6% long-term bets in a Roth IRA. These are equities I think all have a chance at a 10X return but that will take 5-10 years. Itā€™s a lot of IPOs, small tech companies, and biotechs. I have to stomach pullbacks in this portfolio of 40-50% on the belief that a few of the 30 in here will more than compensate for it. This is a new strategy for me so Iā€™ll let you know in 10 years if it works. +* 3% leveraged hedges.These are puts on my own positions, stocks, or the market at large. Generally I use VIX calls, buy puts, occasionally buy calls on the SPXS, and run strangles on investments (betting both up and down on the same stock using calls and puts). +* 1% in other things I canā€™t mention due to the bots in here but they rhyme with tiptoe. + +**Use Technologies to Find Ideas** + +Unless you want to spend 8 hours a day reading news or are OK getting all your ideas from meme stocks and friends, you need to use tools to help you locate investment/trade ideas and be willing to pay for them. I value my time and am willing to pay .5% of my portfolio a year if it saves me time, and more if it generates higher returns. + +Iā€™ve tried about a dozen or so services, including stock picking services like Fool and Investorsplace. Ultimately I decided the stock picking sites were not working for me because I did not want to wait 5 years to find out if they were the right recommendations and lost a lot of money learning that lesson on their pump and dumps. So I switched to analytics tools and my Fidelity platform. + +My favorite tools to use are Zackā€™s VGM score, Levelfields, and Fidelity. The Zackā€™s VGM measures a stockā€™s value, growth rate, and momentum. Itā€™s an easy screen I can run off the basic level subscription to get a list of companies to look at. The caveat is that you need to run this screen often because sometimes the companies on the list get stale and have already moved 99% of the way they are going to move. So you need to keep an eye on whatā€™s new to the list to avoid losing money. That part is crucial. + +The list usually represents companies that are well valued and poised to move up over the next 6-9 months. Warning: they can move very slowly so be patient and set your target exit to automatically exit. I use Fidelity to do my own due diligence on the stocks from there, examining their actual growth and earnings rates and ensuring there is no negative news against them which could drive down the price. + +A friend recently turned me on to an AI tool called Levelfields. They have a lot of news alerts but only for the types of events that matter and are organized thematically. It helps me find trades on news events with high returns or get in early on the small to mid-cap companies you donā€™t usually hear about which fall between the cracks in the penny stock discussions and cnbc favorites. They often send alerts on company events before thereā€™s any news out, which is really helpful. The interface shows you how stocks perform when these events happen, so itā€™s easy to figure out my entry and exit points and statistical likelihood of success. +I use it a lot for pinpointing entry/exit points from options trades and have bought stock in a few companies I hadnā€™t ever heard of before that were absolutely crushing it on revenue and earnings. Not sure why, but they never came up in any of my Fidelity stock screens. I suspect itā€™s because thereā€™s a lag in the data Fidelity is getting from S&P but havenā€™t confirmed this. They send a lot of high quality alerts and my only wish is that theyā€™d have a better way to rank the stocks in the alerts so I didnā€™t have to look up the stocks on Fidelity. + +I use Fidelity for basic news reading, running stock screens for high growth stocks at decent valuations, looking deeply at the history of earnings results, actually trading options, and for their options scanner which tracks abnormal option activity. I sell puts when I see abnormal call volume and run strangles if the stock is at a mid-point in its 52-week price range in case it shoots up and then down. I always set an automated exit. + +Fidelity also has a cool probability calculator for options I use when selling puts. It tells you the probability of a stock falling below a certain range. I use that number to determine where to sell puts without a lot of risk. I do two standard deviations out and still buy a put with a lower strike price as insurance and sell weekly puts on high vol companies like GME and TSLA. My typical goal is to make 800 a week from these plays which I use to fund new call positions. + +**Be Wary of Analyst Opinions** + +If youā€™ve invested actively for a while, youā€™ve likely noticed a peculiar trend: as a stock is cratering, analysts are increasing their target purchase price on it. This is not for your benefit. Brokerages often make investment recommendations based on the research provided by their analysts, so there is inherent bias in the system. + +Iā€™ve also found that few analysts recommend sell ratings. They are much more likely to issue calls to buy stocks. One study found less than 1% issued sell recommendations. Whatā€™s more, the track records of these analysts are usually about the same as coin flipping. CNBC has gotten very into pushing analyst views from big name firms (e.g. ā€œGoldman Sachs says these 3 stocks are ready to explodeā€), but if you look at the actual analyst behind the headline, they are often inexperienced or wrong more than right. + +I am embarrassed to say I lost a lot of money listening to analyst opinions and believing their price targets were rooted in reality. Itā€™s easy to get caught up in the excitement of an upgrade and if 4 analysts are all touting the stock at the same time it can create a bit of a ponzi effect, which is tradable. But it boils down to needing to do your own research. + +**Good Things Come in Pairs** + +Just about every stock has a peer or competitor. Most have several. I stopped trying to pick the winner and now place bets on multiple leaders. Iā€™ve owned Visa and Mastercard. I own OLO and TOST. I have a handful of, um, herbal medicine providers. I like ETSY and AMZN. If you bet on a small group of competitors, itā€™s likely one will pull ahead and your odds of success will increase substantially. + +Similarly, it enables you to monitor the news of competitors which many investors use as a proxy. What do I mean? If Mastercard reports low cross border transactions, itā€™s highly probable Visa will be experiencing the same thing. So you can use the information from Mastercard to alter your position on Visa. + +**Exercise Financial Discipline** + +Even when Iā€™ve been successful picking investments, Iā€™ve run into problems with how to handle my successes. Weā€™ve all experienced the thrill of being up huge and wondering how much higher it will go. Thatā€™s usually the moment Iā€™ve learned I should be taking some gains. A few rules I try hard to follow but still screw up: + +1. Take Profits Often. +When an option or stock hits 100% return, I look to take some profit. It may not seem possible if you only bought 1 call, but it is. Just roll the call to a higher strike price and ensure the credit to your account equals your original investment plus substantial return. You can let the new call ride in case the stock gets going up. This ensures you cannot lose money. My rationale here is simple: at a 100% gain, I now have more to lose than I have to gain. You will be surprised how much this adds up when you trade often and how often you can be up 150% then down to -50% on the same positions, which makes me want to break things. +If you find yourself up huge on an equity investment, switch to options. I did this for my BABA position and it saved me. When it hit 300, I was up 200%. I sold all the stock and bought options for the same number of shares. I had about 60K in stock and switched to something like 6K in options. When BABA crashed down to 150 I really didnā€™t care much. I was only down 4.5K instead of 30K. I had my profit of 40K locked in, so being down 4.5K was no big deal. + +2. Fail Fast. +If the option price sinks to -50% in value, itā€™s likely time to call it quits unless you have a solid reason not to (praying is not a strategy). The other half of the value left can easily be eaten up by the time decay in the value of the option as I wait for the turnaround and it gets closer to the expiration date. If thereā€™s negative news driving this, Iā€™m out. I want to fail quickly. That allows me time to take the remaining 50% and generate gains with it on a better investment. I think this is the hardest rule for me to stick to as I tend to be an optimist. + +3. Profit Both Ways. +If a stock I hold hits an all-time high in price or valuation, I look for a way to profit from the downside by selling covered calls or buying cheap puts. This enables you to stash some cash while riding the volatility wave. I hold Visa and when it hit 235 headed into earnings, I sold 3 calls and bought 10 puts. This offset a paper loss for me of \~20K yesterday alone by 7.5K in gains, which I secured as real profits. Assuming Visa will recover, that 7K adds 9% to this yearā€™s returns for Visa. + +4. Be Patient but Not Greedy. +I have learned the hard way from selling positions days before they pop that it can take a while before the market catches on to my investment idea, especially if using good tools. Asset managers, wealth managers, and passive investors are usually looking for new investments every 3 months, not daily, so stocks can stay stuck in a channel for some time before the world catches on to its awesomeness. Example, I held Upstart from April to August this year and sold it because it was running flat. A couple weeks later the stock tripled. FML were the only words I could think of at the time. The second thought I had was that I shouldā€™ve bought just one call option to replace the stock I sold. +On the flip side, once a stock does move a lot higher, donā€™t be greedy. What goes up fast can come down just as fast. I feel a lot worse watching a stock/option go up 200% then come down all the way or more than I do exiting with a 100% gain watching the stock go up more. Donā€™t chase the perfect trade. Itā€™s a white whale. Just make money. + +5. Everyone Has a Plan Until You Get Punched in the Mouth. +This is as true in boxing (thanks Mike) as it is investing. Thatā€™s why itā€™s essential to have a plan A and a plan B should plan A not work out as you thought. Waiting through it can work, but it isnā€™t a very effective strategy for navigating a changing environment. +So if my thesis is that the stock will do well with rising COVID rates and COVID rates stop rising, I try to have plan B ready. I keep a lot of notes. I track every trade. I review what went wrong with trades quarterly. I learn. I avoid the pity party as much as possible and drink vodka for the rest. I try not to fall in love with any stock. And I know that even if I lose 100K, thereā€™s more money to be made in the coming years and decades if I stick it out. +We all have to start somewhereā€¦ + +Together with u/_Exordium, I have vastly upgraded, updated and improved my original FAQ to include terms and concepts that have been missing for some time. There have been massive rewrites, corrections and additions throughout. I feel this is now completely up to date, though I hope to come back to it frequently to ensure it stays that way. I see this as a fantastic jumping off point for explaining GME and the situation surrounding it, though I do not intend for this to substitute the DD in any way, shape or form. +#We all have to start somewhereā€¦ + +Please feel free to leave any feedback in the comments! + +Without further adieuā€¦ + +____________________________________________________________________ + +#What are you even talking about? (Community jargon and shorthand) + +Over the last year, of swapping theories, data, and memes, a certain language has developed amongst the community. Below is a short list of some of the shorthand to get you started in understanding the communityā€™s terminology: + +**DD/ Due Diligence/ Deep Dive** - Research and theories based on that research + +**HF/Hedge Funds** - Often used to refer to the bad guys in general. + + +**SHF/Short Hedge Funds** - Used to delineate hedge funds that are short on GameStop from those that are not + +**LW/ Long Whale** - Used to refer to institutions or large investors that are long on GameStop. + +**TA/Technical Analysis** - Graph and Number Data analysis + +**MOASS/Mother Of All Short Squeezes** - The biggest Short Squeeze ever + +**FUD/Fear, Uncertainty, Doubt** - Refers to calculated attacks on our forums, and more specifically, morale and individuals + +**FOMO/ Fear Of Missing Out** - refers mainly to the propensity of investors to follow the hype in the market for fear of missing out on the golden goose so to speak. + +**DFV (u/ DeepFuckingValue), AKA TheRoaringKitty** - Keith Gill, Retail Investor, not a cat + +**APE** - All People Equal. Speaks to the mission to return fairness to the markets by stamping out corruption + +**HFT/ High-Frequency Trading** - A method of trading huge volumes in fractions of a second. + +**OTC/Over the Counter** - A decentralized market where trading between two parties can take place without the use of a stock exchange. + +**FTD** - Failure To Deliver transactions, i.e. short seller unable to locate the shares they sold into the market for delivery. + +**CS/DRS** - Computershare/Direct Registration System, system allowing individuals to be in direct ownership of their shares. + +**NFT/Non-Fungible Token** - is a unique, verifiable and non-replicable unit of data stored on a blockchain. + +**Loopring/LRC/ Loopring Currency** - A suspected partner of GameStopā€™s NFT project, ā€œLRCā€ refers specifically to Loopringā€™s governance token. + +**DTCC/ Depository Trust Clearing Corp.** - + +____________________________________________________________________ + +#Is the squeeze Squoze? + +**No.** + +There are pages and pages of research and evidence that indicate that the squeeze is in fact not squoze, that said its too much to cover in an FAQ that is meant to focus on the basicsā€“ so I will leave you with this quote from the SEC on the topic of the January GME fervour: + +The run-up in GME stock price coincided with buying by those with short positions. However, [...] such buying was a small fraction of overall buy volume, and that GME share prices continued to be high after the direct effects of covering short positions would have waned. The underlying motivation of such buy volume cannot be determined; perhaps it was motivated by the desire to maintain a short squeeze. Whether driven by a desire to squeeze short sellers and thus to profit from the resultant rise in price, or by belief in the fundamentals of GameStop, it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.ā€ + +Essentially what the SEC is saying here is that of all of the buying of $GME going on in January, only a small portion of that was found to be short sellers covering. Basically, the January price movement was not the ā€squeezeā€ as some would have you believe. +____________________________________________________________________ + + +**Should I invest?** + +That is entirely up to you, no one in this community should be giving financial advice. Many investors see this as the ultimate golden ticket opportunity (myself included). It is vitally important that you are aware of your risk tolerance when investing and that you do not invest money you cannot afford to loseā€“ donā€™t put in money you need for bills, food, shelter. Given the volatility in GameStop stock it is likely that you will see your portfolio go way up and way down. This community is focused around discussing the stock and swapping theories, not providing advice on investing. + +You may be asking yourself ā€œAm I too late?ā€, and again, the answer is up to you. The short sellers likely need every share to cover their positions. If you want to buy one share, but hesitated because it seems like it isnā€™t enough, every share does matter -- especially with a free float as relatively small as GameStopā€™s. (>30M retail free float after all institutions and insiders are counted) +____________________________________________________________________ + +**Why GameStop? (Buckle Up)** + + +Short Squeezes can happen anywhere there is high short interest. GameStop however is a special case (Hence the use of the acronym, MOASS). In this situation, however, GameStopā€™s Short Sellers got extra greedy. They were sure that GameStop was going to die in the wake of the pandemic. So sure, in fact, that they began Naked Shorting the stock like crazy. With reported short interest hitting an all time high of 226%. Had GameStop actually reached bankruptcy and went under, they would have never had to cover all those positions; if a stock is delisted from the exchange, there would be no way to return borrowed stocks... They would have just went on their way, cash in hand, off to short another company into the ground... + +There have been many long time believers in GameStop (including those behind gmedd.com) , but it was the confluence of events in [DFV sharing his bullish theses on Reddit/Youtube](https://www.youtube.com/watch?v=alntJzg0Um4&t=14s) and Ryan Cohen coming to the picture that really mobilized large scale retail investor support for the company. With that said, it takes more than hype and short interest to keep a company from going under, which is where the overlooked fundamentals of this company come into play: + +- Ryan Cohen, an ā€œActivist Investor'' and co-founder/CEO of Chewy.com. Finding success in past endeavors, people believe in Ryan Cohen and it is a widely held belief that his plan to turn GameStop around spell out the end of the line for the predatory Short Sellers who tried to kill this company. Having hired nearly 350 new Technology/eCommerce executives from companies like Amazon, Chewy, Zulily, Google, Microsoft, Best Buy, Ebay, and others ([Link to gmedd.comā€™s new hire list](https://onedrive.live.com/View.aspx?resid=D645EE2EDB0B6!2167&authkey=!AMFLvwFiMuIKSHI). Ryan Cohen clearly intends to build a juggernaut of a company that carves out a massive market share of the hugely untapped gaming market. + +- E-Sports, a massively lucrative sector of the gaming industry that is still yet in its infancy all things considered. GameStop has been positioning itself to fully capitalize on, and help foster the E-sports community. With the launch of test stores across the U.S. that contain the infrastructure to host local, small scale E-sports events, and the opening of the ā€œ[GameStop Performance Centre](https://www.youtube.com/watch?v=SfkQ60qe39U)ā€ in 2020, GameStop fully intends to be a big name in Esports. For more info on this, keep an eye on the GameStop Esports twitter account: https://twitter.com/GameStopEsports. + +- In a very interesting turn of events, GameStop has made it clear that it is going all in Blockchain and NFT Technology, essentially getting in on the ground floor of this space that many believe will not only disrupt the gaming industry, but every other industry out there. You can read a bit more on this in the NFT section of this FAQ. In short GameStop has been hiring some extremely well known, talented individuals in the NFT space to help develop a mysterious NFT marketplace. Though little is known regarding the details of this project (which is no accident on GameStopā€™s part) it is clear that this is just one more way that GameStop is setting itself up to be the future tech giant that many believe it will be. There are many theories on what GameStop is going to do with this technology, but really the sky moon is the limit with this one + +- Improving Ecommerce operations has been a big focus for Cohen and GameStop. Over the last year plus, GameStop has expanded their product offerings immensely, including things like PC gaming products, TVs, more relevant private label offerings, among many others. Not only that, the company has opened up two MASSIVE fulfillment centres (totaling ~1,200,000 sq/ft) this year with one being in York, Pennsylvania and the other in Reno, Nevada, with a customer care centre being opened in Pembroke Pines, Florida as well. These facilities were opened with the intention of bolstering their eCommerce presence, and getting ahead of the current supply chain issues that the world over is dealing with. + +- No debt, and rolling in dough. GameStop participated in a share offering this year which not only nearly wiped out the companyā€™s debt entirely, but also lined the companyā€™s war chest with about 1.5 billion to help fuel the companyā€™s transformation and improve its balance sheet. + + +As one could see, there is more to this situation than meets the eye, the narrative that GameStop is a dying company is so clearly untrue at this point, regardless of what publications like Motley Fool, MarketWatch, Reuters, Bloomberg, Washington post and many others would lead you to believe. Furthermore, there is extremely strong evidence that the Short Sellers who bet against GameStop have in fact not closed their positions and instead have disguised- and perhaps even increased- their short position such that it doesnā€™t get reported publicly. There are many avenues through which these market participants can do this, though I will leave that to the DD to explain. These very same Short Sellers then utilized their vast connections to the financial media to spread the word that Gamestop was dead, [the squeeze was squoze.](https://imgur.com/a/G7YebCP) Simultaneously, they employed the use of social engineering to slowly depress the positive sentiment for the stock on Reddit and elsewhere (AKA FUD). + +It is these monumental changes in the company coupled with the obvious desperation of the bearish players in this trade that give the Apes confidence in their investment in GameStop. Some are invested for the squeeze, some for the fundamentals, and many invested for bothā€¦ but either way, it is clear to many that GameStop is definitely not headed for the grave, but ratherā€¦ the Moon. + +Regardless of the squeeze, I, personally, like the stock. +____________________________________________________________________ + +#When is the squeeze? No Dates... + +Nobody knows, and nobody will know. Unfortunately, because of all the variables and moving parts, it is literally impossible to predict. It has become apparent that building up hype over specific dates can be used against us. We have in the past seen dates that everyone built hype around only to have them pass and enthusiasm waned within our subreddit. That having been said, we ask that people stop asking when this will happen. Furthermore, please take any dates you do see on r/Superstonk with a grain of salt. + +____________________________________________________________________ + +#Why does holding do anything? + +They need your shares to close their short positions! They got greedy. Thinking GameStop would fail, the short sellers started Naked Shorting the stock. Long story short they created synthetic stocks with their special privileges as Market Makers, but they cannot close a short position with a synthetic share. When they buy back a synthetic share, it is effectively cancelled out and deleted. + +So because of the Naked Shorting, the Short Sellers, multiple large greedy money managers, and Hedge Funds need a total number of shares greater than the number available to purchase. + +The art of hodling can be especially effective when your shares actually have your name on them, and cannot be lent out. Enter DRS, When you direct register your shares, for all intents and purposes, it removes them from the DTC, ensuring your shares are not fake, rehypothecated garbage and that they arenā€™t being lent out to short sellers. Those shares are yours and therefore what you say, goes. If your particular situation prevents you from registering your shares, or if you prefer not to, it doesnā€™t mean your shares will be worthless. Synthetic shares and all the shares that have been shorted beyond 100% of outstanding shares all have to eventually be bought back and canceled out. + +____________________________________________________________________ + +#aRe YoU GuYs MaNipuLatIng THe MaRKeT?! + +The purpose of r/Superstonk is not to ā€œPump and Dumpā€ the stock, despite what some media sources will tell you. r/Superstonk is just a community of individuals investing in the same stock separately and a platform to discuss and share opinions freely. Furthermore, any use of the words "we" or "us" in any posts or comments is not indicative of manipulation. Additionally Gary Gensler had this to say on the topic of online communities like ours: + + +ā€œTo be clear, Iā€™m not concerned about regular investors exercising their free speech online. I am more concerned about bad actors potentially taking advantage of influential platforms. +Furthermore, itā€™s no longer just retail investors or even humans who are following these online conversations, but institutional investors and their algorithms. Developments in machine learning, data analytics, and natural language processing have allowed sophisticated investors to monitor various forms of public communication to see relationships between words and prices.ā€ +____________________________________________________________________ + +#How are these crazy high share prices possible? + + +No one knows how high the squeeze could take the stock price. It is a known fact that a short seller is taking on potentially infinite risk when opening a short position as they could be forced to buy back the borrowed stock at whatever price those who own it are willing to part with it at. + + +Essentially, rational reasoning says that these numbers are possible through the immutable laws of supply and demand. Furthermore, reported short interest reached 226%* in February of 2021, and was confirmed to have been at least as high as 123%** in January of 2021. +(*[Source: S3 Partners Data Feb-09-21](https://blog.ompnt.com/introducing-s3-partners-short-interest-data-to-the-omega-point-platform)) +(**[Source: SEC ā€œGameStop Reportā€ pg 21](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)) + +Since then, seemingly no significant closing activity has been . This indicates that short sellers may collectively need to buy back the entire outstanding share amount multiple times over to close their positions + +____________________________________________________________________ + +#Where does the money come from to fuel the squeeze? + +Much like an actual rocket launch, it might help to think of it in stages. +Hedge funds that are short on the stock would be the first to face margin calls - which if failed, would result in them being liquidated in order to close their overleveraged positions. They are backed by their Prime Brokers, who would assume the debt if the hedge fund cannot close their positions. + +Following that, the Market Makers who wrote those contracts would then be the next to assume responsibility for the contracts. These are substantially larger than the hedge funds and even the prime brokers. Well, what happens when they default as well? + +The market makers are backed by the clearing houses, which operate under Depository Trust & Clearing Corporation, or DTCC for short. Here, it gets a bit more difficult to say exactly how things would go, though the DTCC holds an astronomical amount of funds under management, and equally mind-numbing asset insurance. Should all of that not be enough to get our rocket to where itā€™s going, that is where we would likely start seeing a major government bailout of the DTCC and itā€™s member parties. +____________________________________________________________________ + +#What is a Short? + +A Short position is easier to grasp than some other more complex market mechanics. + +The point of shorting a stock is to bet to profit on the price going down. The shorter would borrow stock from someone willing to lend it (the benefit to the lender being a small interest fee for lending the stock), sell the shares at the current price, and use that money to invest in other plays. + +Once the stock that they shorted had dropped to a low enough price, they would buy back the shares and return them, keeping the difference as a profit. + +____________________________________________________________________ + +#What is Naked Shorting? + +Just like Shorting, but with more illegality! Through archaic loopholes in the laws governing the financial industry, some individuals participate in short selling without actually having the shares. This essentially creates a counterfeit share. When this is done, the short-sellers are taking on a lot of risk, but the payoff can be grand. If the company goes bankrupt, as is the goal with naked short sellingā€“ your obligations are no more. + +It's not easy to actually catch the naked short-sellers red-handed, but some look to the Failure-to-Deliver data to shed some light on it. Naked shorting is also how it's possible there is more than 100% of the shares issued by the company trading in the markets. + +____________________________________________________________________ + +#What is a ā€œShort Attackā€ (aka ā€œShort and Distortā€)? + +The Short and Distort is a time-honored tradition of illegal market manipulators. Put simply; First, they short the stock, then they distort the image of the company. Short Sellers will utilize this technique as a way to actively suppress the price of a companyā€™s shares, most of the time through the spread of manufactured bearish sentiment and/or straight-up misinformation about the company in question. We are seeing this in GameStop in the form of FUD campaigns and Media Manipulation. For just a taste of this media manipulation, look no further than this compilation of Motley Foolā€™s desperation: [" fOrGeT gAmEsToP "](https://imgur.com/a/G7YebCP) + + +____________________________________________________________________ + +#So then what is a Short Squeeze? + +The Short Squeeze is a fairly rare financial phenomenon. Basically, when a bunch of institutions think a stock will fail, sometimes they will all pile on the short positions in the same place. More often than not, they probably make a lot of money from this tactic. But occasionally they will get noticed and if everything lines up just right, this ā€œShort Squeezeā€ can occur. Usually triggered by a catalyst of some sort, Short Squeezes usually happen when the stock doesnā€™t go down but instead goes way, way up. + +When it goes high enough that the Short Sellers' other assets (be it in other long positions, Crypto, bonds, Etc.) are no longer able to balance the mounting losses from a short bet gone wrong, they will get margin called. At that point, they are told to provide sufficient collateral to meet the margin call. If the party that has received the margin call cannot meet it, they are subject to a forced liquidation of assets leading to a buy-in on the stockā€¦ no matter the price it has reached. The Clearing House doesnā€™t want to deal with the elevated risk, so once you canā€™t afford the risk youā€™re out. Theoretically, only one institution has to fail to meet this margin call, before the dominos start falling. The margin call and subsequent forced buy-in, causes increased buying pressure, increased buying sends the price up, the price going up means more Margin Calls, and so on. + +____________________________________________________________________ + +#Why are people saying that the short interest could be more than 100%? + + +Despite all major reporters of short interest now displaying numbers much lower than 100% on their sites, it is unrealistic that the short interest is as low as they claim. Hereā€™s why: + +- The industry is largely self-reported, meaning that HFā€™s can choose to report lower numbers if it benefits them. While this practice is illegal, it is only punished with a fine (often years after the fact). This fine is often much smaller than the potential loss or gain the HF may experience if the true data were to be reported. This is the fine that Citadel LLC (one of the bigger HFs shorting GME) has had to pay multiple times in the past, a fine often described as just the ā€œcost of doing businessā€. + +- Back in February, S3 Partners (who provide the data to the majority of retail reporting sites) reported the SI% for GameStop had reached 226%. After that figure was exposed, they rushed to cover this up, and in a move that can only be described as ā€œfuckeryā€, completely changed the reporting formula. This is more of an involved topic, but the result was that the naked shorts are no longer accounted for in the calculation, and makes it impossible for the reported short interest to ever go over 100%. + +- It was discovered by some Apes that there was an abnormal increase in short interest in most of the ETFs with GME inside them. The increase coincided with the spike in January and following that, the media started pushing the ā€œShorts coveredā€ narrative that was everywhere last month. You can read up on the ETF Short Interest info in the DDs here. + +To summarize, the short sellers of GME essentially disguised some of their position with shares of Exchange Traded Funds (ETF). By establishing a short position on the ETF and then establishing long positions in every stock in there except GME you basically cancel out your short position in the ETF, leaving only a short position in GME. *Important Note: This does not mean there will be a short squeeze on the ETFs! An ETF cannot really be the subject of a short squeeze due to the mechanics behind them.* + +- Synthetic long positions could be used to disguise their short positions as well, the mechanisms behind this practice utilize the options markets and could explain some of the crazy options activity that we have seen in GameStop the last few months. +____________________________________________________________________ + +#Who is Ryan Cohen? + +Ryan Cohen is Chairman of the board for GameStop and the head of their Strategic Planning and Capital Allocation Committee. Essentially he is at the helm of the company's transformation. Ryan Cohen is also the largest individual shareholder for GameStop having amassed 9,001,000 shares to date. + +Ryan Cohen is a self-described activist investor and entrepreneur. Known largely for his last successful venture; www.chewy.com. Co-Founded by Cohen, Chewy is a massively successful eCommerce pet store that exploded in popularity in 2017 and was subsequently bought out by PetSmart for 3.3 Billion, it was the largest acquisition price paid to date for an e-commerce startup... [let that sink in, the man pretty much turned pet food to gold](https://www.forbes.com/sites/susanadams/2017/01/10/the-man-who-found-gold-in-dog-food/?sh=4f5a00d13095). Further, Cohen is not afraid to [challenge giants like Amazon](https://www.forbes.com/sites/joanverdon/2020/01/26/ryan-cohen-started-a-company-that-took-on-amazon-and-sold-it-for-3-billion-now-hes-thinking-about-whats-next/?sh=589d5c295579)ā€¦ and many think he can do it. + +With Chewy in his rearview, [Cohen released an open letter](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) to the board of directors for GameStop in November of 2020 , laying out his thoughts on how the board is not capitalizing on the opportunities in the gaming industry, touching on ways that GameStop could improve their business, and essentially how the GameStop board and CEO had been failing at their jobs. Though much has changed since Cohenā€™s letter was published, it is highly recommended that you read it if you haven't already. It really gives you a sense of Cohen's belief in GameStop and his mindset regarding his sizable investment in the company. + +Cohen has since been hard at work, overseeing the companyā€™s transformation in his role as chairman of the board. (For a more in depth look into the work that's gone on behind the scenes, since Cohen entered the picture, please reference the ā€œWhy GameStopā€ section.). Ryan Cohen clearly believes in GameStop, going so far as to announce that he will be taking equity as compensation. In fact, all of the new GameStop board members that Cohen has brought to the table are going to be taking equity as compensation. This really proves that the people in charge believe in what they are doing, one doesnā€™t agree to go work for no cash unless the alternative could be way better. Many see this as an incredibly bullish signal about the new board. +____________________________________________________________________ + +#What are NFTs? What do they have to do with GameStop? + +Over the last couple of years, many people have become vaguely familiar with the concept of Non-Fungible Tokens (NFTs). The buzz surrounding the NFT art scene specifically, has grown substantially with projects like ā€œCrypto Punksā€ and others being written about in major publications the world over. Despite the growth in awareness of the NFT space, there are unfortunately many misconceptions that plague the technology, and its uses. + +A non-fungible token (NFT) is a unique and non-interchangeable unit of data stored on a blockchain. +* A way to represent anything unique as an asset. +* Ownership determined by the wallet the NFT is in, not who has copy and pasted it +* Powered by smart contracts on blockchains. + +Play-to-earn ā€“ how players and creators earn with NFTs With traditional video games, you purchase a copy to start playing but ā€˜rent accessā€™ to anything you earn in world as the items would cease to exist if the publisher powers off the game. However, you own the assets in play-to-earn NFT-based games, which are generally free to download but to start playing, you have to buy NFTs. These can be creatures, heroes, armor, weapons, etc. In NFT based games, along with the traditional grinding experience and badges with achievements, you can now be rewarded with in-game cryptocurrency that the game developer utilizes. You can then use this to buy more in-game items or cash out. Nft.gamestop.com will allow gamers to buy and sell NFTs to and from other players while taking a percentage for providing the secure platform and services for the transaction to occur. Additionally, developers are able to participate in a percentage cut of in-game transactions that occur. + +[Here is a great guide by u/Dismal_Jellyfish on how to set up a MetaMask wallet in preparation for GameStopā€™s project launch.](https://www.reddit.com/r/Superstonk/comments/p8bwx2/nft_education_alert_do_you_want_to_know_how_to/) + + +____________________________________________________________________ + +#Catalyst? What do you mean and why is it important? + + +Essentially the catalyst is the spark that lights the fire. It is unknown exactly what will be the event that triggers the MOASS. What is clear, is that the situation is very unstable and really anything can cause major volatility. This catalyst could be anything from an exciting announcement that triggers buzz around GameStop to intervention from a third party like the SEC, or the DOJ. Superstonk is full of theories that go into what specifically could catalyze the short squeeze, I would highly recommend reading them. Below is a short list of some of the potential catalysts people have been speculating about: + +- Dividend (Some speculate a crypto dividend may be announced, similar to Overstock) + +- SHF failing margin call + +- Gamma Squeeze (Options related) + +- DTCC rule changes taking effect + +- Market Crash + +- DRS 100% of free float + +- FOMO + + +Please take these with a grain of salt though, it is impossible to predict what could catalyze the short squeeze. It could very well be something completely unexpected that actually sets this off. +____________________________________________________________________ + +#Computershare? Direct Registering Shares? + +ā€œComputershare is an Australian based transfer company with offices in 20 countries. They are over 40 years old and are the official transfer agent for not only GameStop but large corporations such as McDonalds, Johnson & Johnson, Coca Cola and AT&T. Even though they offer some broker-like services it is important to note they are NOT A BROKER. They do however have 12,000 employees dedicated solely to keeping accurate records for their 75 million customers.ā€ * + +ā€œWhat began as a place to hold your infinity pool shares or a way to get the best odds possible to collect a hypothetical NFT dividend is quickly evolving into potentially the best place to hold the majority of your GME shares. It took a while for all this information to make its way through the community but once apes started actually transferring their shares to Computershare we were greeted with a glorious sentence in our transaction history.ā€ * + +[If you are already invested in GameStop and you have questions about DRS or you would like to DRS your shares, here is a comprehensive guide that goes into further detail.](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + + +____________________________________________________________________ + +#What is a Shill and why do people keep calling me that? + +One of the MANY things that the HFs have tried to do to curb-stomp retail investors, is flooding our public communities with Reddit accounts (Some bot-accounts and some actual people who seem to have been paid) purposefully spreading negative sentiment. Though it may be hard to believe there is plenty of proof. These accounts have been seen all over not just Reddit, but also Youtube, Twitter, etc. Not just conventional social media though also places with message-boards like MarketWatch, Yahoo finance, WeBull, basically anywhere you could talk about GME. The term ā€œShillā€ is a blanket term for those accounts, be them bots or people. + +In the past, these ā€Shillsā€ have utilized many different approaches to spreading Fear, Uncertainty, and/or Doubt (FUD) about the stock and the company. One of these being, flooding the subreddits with super basic questions that lacked any substance at all. This was seemingly in an effort to give the illusion that if you were still holding GME you didnā€™t know what you were doing, because when you looked around you were surrounded by people who didnā€™t have a clue. This, along with most of their other attempts to shake retail investor faith, has failed. + +You may have been called a Shill for one of a number of reasons. This community is very inclusive and open to everyone, but because of the blatant attacks this forum has suffered a lot of people are understandably paranoid. (Myself included). Please, unless you really are a shill, donā€™t take it personally. + +____________________________________________________________________ + +#Shill-Based-FUD and how to spot it: + +First of all, it is incredibly important to note your potential biases when determining if someone is just a shill trying to spread FUD. Not all FUD is invalid, someone may bring up a solid point against an otherwise great DD, and that could scare you. Remember that just because you do not like what someone is saying, doesnā€™t make it invalid. It is important that users here work with constructive criticism to refine their theories. + +Instead of shooting this person down as a shill, ask yourself the following: Are they making a valid point? Is it backed up with evidence? Have I fact-checked this evidence? + +If you answered no to these questions, a great next step is to check their post & comment history. Here are some things to look for: + +- Are they constantly posting negative-sentiment, as if they have something to gain? +- Do their posts/comments sound coherent? +- Are those posts repeating the same or slightly different things (copy/pasted)? + +Since this forum and others where GME is discussed are public, the ones behind this petty attack can see what we say and how we react to their ILLEGAL MANIPULATION. This means that since this has started (back in January) these shills have gotten smarter, and less obvious. They become easier to spot over time, donā€™t worry. When you spot a Shill, report it to your local Mods and downvote the post/comment. + +____________________________________________________________________ + +#Known FUD tactics, What to look out for: + +The tactics that have been used against this community are absolutely despicable. At first, it was pretty benign, but with the recent attacks on individuals in this sub, it has crossed a line. I feel it is important to remember that these actions being taken against us only serve to prove that there is more to this situation than meets the eye. Unfortunately, they are always finding new ways to fuck with us here are some examples: + +- Spreading FUD about users in r/gme and r/Superstonk, more specifically, users that post some of the most viewed DD. + +- Bringing into question the integrity of the Mod Team. With the Mods at r/wallstreetbets being accused of being compromised, and some turbulence in r/gme this FUD was easy to see coming. Since there was already precedent for it, the shills believe it an easy task to convince the community that their subreddits aren't safe. + +- Fake DD. This can mean a few things, there are different ways a 'Fake DD' is done. One type is as follows, The post seems to start out with a positive sentiment but takes a negative turn and ultimately doesn't disseminate anything of value. Another type, this one being far less difficult (and thus likely more common) A DD that comes to a negatively skewed conclusion through the use of lies and false data. This Fake DD can be combated quite easily, just ensure you fact check what you read, and refrain from just upvoting whatever you see cause it gets you hyped. + +- Maliciously utilizing redditā€™s award system to create the illusion of support of a certain idea, comment, or post. This can be used to subtly manipulate sentiment or to push certain agendas within our community. Donā€™t lend too much credence to awards given to submissions and this technique doesnā€™t have as much power. + +- Capitalizing on downward stock price movement by increasing the intensity and frequency of negative conversations and FUD in the community and media. For example (again), MotleyFool GameStop articles reporting on negative price action and spreading doubt, while remaining silent on any good news or upwards movement in the stock. +____________________________________________________________________ + +Thank you to everyone who has contributed to this massive FAQ project u/_Exordium u/Bradduck-Flyntmoore u/Dismal-Jellyfish, you guys are incredible. Also a big thank you to everyone who has patiently been waiting for the FAQ to be updated, it has been on my to do list for months. I hope that apes new and old find this resource valuable in some way. If you have feedback, or suggestions for this FAQ please drop them in the comments below. + +Cheers, + +B_T + +____________________________________________________________________ + +#Important Disclaimers: + +- Please understand that this FAQ is not a substitute for doing research! My hope is that this serves as an entry point for those that are new to investing in GME and those who are new to investing in general. As someone who has been following everything since the end of January, I cannot imagine how intimidating it must seem to get up to speed on the situation. + +- Any use of the words "we" or "us" is not evidence of manipulation. We are not the ones manipulating the market. The use of words that suggest we are a group, only reference this community of people, who are individuals investing in the same stock but as individual retail investors. This community does not coordinate in any way, and under no circumstances is this a place to formally organize or manipulate markets and it never will be. It is a place for sharing publicly available information and theories thereupon, and analyzing/studying that information as a community in a way that benefits everyone fairly and safely. + +#Helpful links + + +[Fantastic Fudemental analysis of GameStop](https://gmedd.com/report-model/) + +[Computershare info/ DRS Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[SEC Report on Market Structure Conditions in early 2021](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf), AKA ā€œGameStop Reportā€ + +[Catalogue of DD](https://fliphtml5.com/bookcase/kosyg) + +[Superstonk Glossary by u/bah2o](https://www.reddit.com/r/Superstonk/comments/q7the8/superstonk_glossary/) + +[Chairman Genslerā€™s Testimony Before the House on social media](https://www.sec.gov/news/testimony/gensler-testimony-20210505) + +[u/Zedinstead's DD Library - A compilation of all the pivotal DD from our community](https://fliphtml5.com/bookcase/kosyg) +I've been speaking with friends about the power of compound interest, however, while we understand what compound interest is, more or less interest on the interest from the growth of the capital investment. What we don't understand is that don't stocks **not** accrue interest, they just **grow** in value? I understand the concept of dividend reinvestment, but compound interest on a stock like Tesla that doesn't have dividends but is growing exponentially doesn't seem like compounding it just seems like growth in value. Any help would be greatly appreciated! +This may be asking for career advice, but I think the people in fatFIRE might actually have really good insight on this topic + +Lately I've looked at my life in Canada and thought "wtf am I doing trying to 'make it' here? It's foolish to do this in such an opportunity lacking nation. Something has to change" + +My understanding of the Middle East (such as Dubai, UAE etc) is that they're dying for good North Americian talent and pay handsomely for it. If this is the case, I'm willing to take advantage of it. + +I'm late 30's, no kids, work for a tech vendor as a Technical Account Manager, making good money but am looking for a solid 3-5 years of insane money. + +Is my perception warped; that if you took the same job here in N.A. and stuck in the M.E. you simply add a multiplier to it? + +Example, you make $200k/yr as a TAM working on large clients.... In Dubai or UAE it's $600k/yr? + +If there's that much oil money going around, I am willing to shift my life to get a piece of it. + +Edit: added more context +https://www.cnbc.com/2022/03/21/powell-says-inflation-is-much-too-high-and-the-fed-will-take-necessary-steps-to-address.html + +>Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes an otherwise strong economic recovery. + +>ā€œThe labor market is very strong, and inflation is much too high,ā€ the central bank leader said in prepared remarks for the National Association for Business Economics. + +>The speech comes less than a week after the Fed raised interest rates for the first time in more than three years in an attempt to battle inflation that is running at its highest level in 40 years. + +>Reiterating a position the Federal Open Market Committee made in its post-meeting statement, Powell said interest rate hikes would continue until inflation is under control. He said the increases could be even higher if necessary than the quarter-percentage-point move approved last Wednesday. + +>ā€œWe will take the necessary steps to ensure a return to price stability,ā€ he said. ā€œIn particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so. And if we determine that we need to tighten beyond common measures of neutral and into a more restrictive stance, we will do that as well.ā€ + +... + +>As he has before, Powell ascribed much of the pressures coming from pandemic-specific factors, in particular escalated demand for goods over services that supply could not meet. He conceded that Fed officials and many economists ā€œwidely underestimatedā€ how long those pressured would last. + +>While those aggravating factors have persisted, the Fed and Congress provided more than $10 trillion in fiscal and monetary stimulus. Powell said he continues to believe that inflation will drift back to the Fedā€™s target, but itā€™s time for the historically easy policies to end. + +>ā€œIt continues to seem likely that hoped-for supply-side healing will come over time as the world ultimately settles into some new normal, but the timing and scope of that relief are highly uncertain,ā€ said Powell, whose official title now is chairman pro tempore as he waits Senate confirmation to a second term. ā€œIn the meantime, as we set policy, we will be looking to actual progress on these issues and not assuming significant near-term supply-side relief.ā€ + +>Powell also addressed the Russian invasion of Ukraine, saying it is adding to supply chain and inflation pressures. Under normal circumstances, the Fed generally would look through those types of events and not alter policy. However, with the outcome unclear, he said policymakers have to be wary of the situation. + +>ā€œIn normal times, when employment and inflation are close to our objectives, monetary policy would look through a brief burst of inflation associated with commodity price shocks,ā€ he said. ā€œHowever, the risk is rising that an extended period of high inflation could push longer-term expectations uncomfortably higher, which underscores the need for the Committee to move expeditiously as I have described.ā€ + +>Powell had indicated last week that the FOMC also is prepared to begin running off some of the nearly $9 trillion in assets on its balance sheet. He noted that the process cold begin as soon as May, but no firm decision has been made. +"It is said that if you **know your enemies** and **know yourself**, you will not be imperilled in a hundred battles;" -Sun Tzu + +There are several areas where the MOASS could be hindered. **Saying the MOASS will be one straight line up is FUD because people will paperhand the moment it goes down.** However, these things may or may not happen, so **if you day trade, there is a very large chance you get left behind**. Remember we're up against a lot of big players, even if other players like Blackrock are on our side. Here are just two main areas where they may be a dip. + +# Delay on Margin Call + +First of all, unlike what some people think, margin calls are not instant ([finra](https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts)). **~~You have two to five days to pass a margin call~~** ~~before they start liquidating assets.~~ Smaller hedge funds will fail the margin call and get liquidated first. This may start the rocket. If the rocket starts before the margin call is finished for Citadel, Citadel still has some time before they get liquidated. ~~Two to five days is for the average investor. Who knows how long Citadel, a market maker, could extend that period of time?~~ + +Update: The NSC 801 only gives Citadel one hour to fulfil liquidity requirements. However, once liquidated, the NSCC has to close their positions within the settlement date. Which is typically T+2. (Thanks for the source, /u/Ginger_libra) + +&#x200B; + +[\\" We were losing hundreds of millions of dollars a week, if not more . . . And each day we bought one more day\\"](https://preview.redd.it/h8a8p7uvsw071.jpg?width=478&format=pjpg&auto=webp&s=6953e7790a237bfc321125e03eda8d5a57aeec55) + +We all know Ken's philosophy of [one more day](https://www.chicagotribune.com/business/ct-xpm-2013-05-22-ct-biz-0522-confidential-griffin-20130522-story.html). He will not give up, ever. He would rather the whole economy tank before he does. The squeeze will only happen after he has done everything to suppress it and fail. However, once he inevitably fails, we're not out of the woods yet, because now we're threatening a new player, the DTCC. + +# The DTCC Taking over + +Remember, **THE DTCC DOES NOT WANT THE PRICE TO HIT 10 MILLION**. The DTCC doesn't want to pay out of pocket at all, that's why there are so many new rules. They're hoping the squeeze stops at \~5k, or even lower because higher prices mean the DTCC has to pay out of pocket. At higher prices, the DTCC has to liquidate its members. Banks will lose massive amounts of money and assets and the US will undergo turmoil. **All of these new rules, such as auctioning off assets, won't matter at 10 million.** At 10 million per share, the DTCC will be forced to liquidate banks like Credit Suisse and JPMorgan, causing a huge chain reaction across the market. Do you think the big banks are going to sit quietly while they get liquidated? + +**What if other market makers are forced to Naked Short Gamestop to survive because if GME goes too high, the DTCC will be forced to liquidate them?** + +# DTC-005, a rule too good for this world + +You've probably heard of DTC-005 by now, if you haven't, the simple version is that it stops the naked shorting of stocks, at least, you can't delay them with options anymore. While you can still naked short for liquidity, you can't delay them for longer than a week. This means the naked shorting of GME will never happen again. However, this rule was completely taken down, and no timelines are given when they'll be back up. **Without this rule, GME can be naked shorted by any market maker.** + +**Isn't it a bit weird that this rule is the only one to have been completely removed?** + +Both [J.P. Morgan](https://www.jpmorgan.com/solutions/cib/markets/execute/fxtrading) and [Credit Suisse](https://www.google.com/search?q=Credit+suisse+market+maker&rlz=1C1CHBF_enCA905CA905&oq=Credit+suisse+market+maker&aqs=chrome..69i57.4247j1j4&sourceid=chrome&ie=UTF-8) have market-making capabilities (There are more in the DTCC). This means they can naked short stocks just like Citadel. However, they don't appear to have shorted Gamestop. They WILL NOT get margin called with Citadel. + +However, as DTCC members, they'll be forced to pay up assets to buy GME and close naked short positions. If GME goes too high, to the point where they'll have to sell everything. . . They may be forced to try and halt the squeeze or end it prematurely to avoid liquidation. If they mass naked short a stock, and **you can short a stock during a squeeze**, as there have been historical precedents for it, the price will dip. . . temporarily. + +Obviously, nothing can be done long term. Eventually, the squeeze will continue, and it will continue much higher than before, as all the shorts will just be fuel for the rocket. In fact, naked shorting Gamestop is not only reckless but extremely bad for the global economy. But. . . + +[Do you think wall street cares about the global economy or the average citizen?](https://preview.redd.it/vcbunx3zrw071.jpg?width=520&format=pjpg&auto=webp&s=f0d411ce38261963aaf229ee6f9a616c28fb5ac3) + +**The only way this squeeze will stop is if a short attack causes apes to paperhand.** + +**DO NOT BELIEVE THE IDEA THAT THE SQUEEZE WILL BE STRAIGHT UP** + +The banks aren't going to sit by quietly while all of their assets are being liquidated. They'll fight back tooth and nail, just like Citadel did. If you want to change the world, be prepared for a world-changing fight. **Even if the DTC-005 gets approved before the squeeze, the market makers can still naked short stocks for a few days for "liquidity".** + +Update: DTC-005 to be approved "soon" with no dates given. That seems extremely suspicious to me. It's been months since the rule was taken down, and even now there are no dates given. + +You may see the money dip from 500k to 200k, you may feel like the squeeze is over after it falls 3 days in a row, but in reality, that could just be more market manipulation. + +So what do we do? The same thing we've always done. + +**HODL through all dips. We own the float. Trust the DD. Trust the community. 10 million or nothing, lambos or food stamps.** + +Not financial advice. Exit your positions when you feel comfortable. I personally only feel comfortable exiting when I see real change when these scammers are put behind bars and corrupt politicians step down. + +# Is my money safe in X and X bank? + +What I believe happens is that your assets are safe because those assets are not equal to the bank's assets. However, you may have a bit of trouble accessing them if the banks go bankrupt, and it takes a little bit to swap the relevant information to another bank. I personally believe the US gov will bail the banks out again, but just in case, I suggest having GME in multiple brokerages. + +Edit 1: "Reposting" with a bunch more information + +Edit 2: Wow, that's a lot of comments. I'll try to answer every question in the comments, but might take me a bit tho. + +Edit 3: Wow, my first time getting platinum. Thanks for that kind stranger! I didn't even know there was an exclusive club for those people. Not that I do anything but spend time on Superstonk and write DD, mind you. + +Edit 4: I have since lost my flair because I was trying to make sure everyone in my comments voted. Whoops. One more small sacrifice to the cause. + +Edit 5: NSC-801 Changes Margin rules + +Edit 6: Two Platinum Awards? holy shit guys. I'm honoured. Now I can ~~blow it all on DFV's post~~ responsibly award good new posts to make sure it gets to the top. +Welcome to a new era of Crypto. + +Safewages aims to give its hodlers a contant stream of income. + +Safewages Contract is audited and KYC was done - The token launched in partnership with FungieDAO. + +SafeWages rewards each hodler with 25% BUSD reflection on each transfer. + +An extra 2% is sent straight to the marketing wallet to boost the project. + +Their state-of-the-art anti-whale system will help you forecast dumps: + +Each wallet cannot hodl more than 1.5% of the total supply at any given time. + +Each sell cannot be greater than 0.2% of the total supply ā€“ This doesnā€™t stop people from selling, however, it helps forecast whale dumps. + +Mission: + +They want to build the best utility token out there. + +SafeWages not only provides its hodlers with 25% BUSD reflection but itā€™ll also be useful: + +They are building their own NFT marketplace which will include a function to burn a percentage of SafeWages at every transaction, increasing the value of our token each time. + +Furthermore they want you to be able to buy and sell SafeWages as easy as possible, thatā€™s where SafeWages Debit Card will come into play: you will be able to buy and sell SafeWages as well as using it for your day to day shopping. + +They also just launched a KYC Service and you can stake BUSD to earn more $SAFEW! + +**Highlights:** + + 50% Burnt Before Launch. + + 25% BUSD Reflection. + + 2% Marketing Fee and 1% LP Fee. + + Utility Token: Staking + KYC Services + + LP Locked At Launch. + + Audit and KYC + +**Key Features:** + +Innovative + +First token to grant 25% BUSD reflection. + +Safe + +LP locked after launch. + +Useful + +From NFT Marketplace to use in shops you will find SafeWages useful. + +Roadmap includes NFTs Marketplace, ability to buy SafeWages using your debit/credit card, partnerships with shops and more. + +šŸ“²**TG:** [https://t.me/SafeWagesToken](https://t.me/SafeWagesToken) + +šŸ‘‰ **Website:** [https://safewages.co.uk/](https://safewages.co.uk/) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +[Part 1, found here](https://www.reddit.com/r/Superstonk/comments/zipee3/bullish_q3_earnings_call_overshadowed_by_sub/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**Next,** filings of Teddy Holdingsā€”which, screenshots were taken down by Reddit legal, show that the entity is a bank. Holdings companies are not usually structured as banks unless an infrastructure is in place to allow for it to operate as such. Well letā€™s read what a holding company is: + +>A holding company is a parent business entityā€”usually a corporation or LLCā€”that doesn't manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies. [Source](https://www.wolterskluwer.com/en/expert-insights/using-a-holding-company-operating-company-structure-to-help-mitigate-risk#:~:text=A%20holding%20company%20is%20a,membership%20interests%20in%20other%20companies.) + +If the theory holds true that Teddy Holdings is a bank, theyā€™d become the pseudo-Lender of Last Resort cause of moass, as they could potentially pay out the dividends at whatever price apes set as well. šŸ¤žšŸ¼ + +Last but not least, remember the OverStock case and how they released crypto dividends to shake off the shorts? Well the company CEO started a venture into crypto around [2016](https://newsbtc.com/news/overstock-equity-t0-blockchain/amp/), received an injunction in 2019 (told to stop until court proceedings were over), and had to prove that the crypto-dividend was a [legitimate business purpose](https://cointelegraph.com/news/court-tosses-out-short-sellers-lawsuit-targeting-overstock-s-digital-dividend/amp). Well, by September 30, 2020, it was reported, a year after the case filing, Overstock can distribute their crypto dividend payment. During that same time, Ryan Cohen disclosed 10% stake in the flailing GameStop and we can say now, shit is getting serious. + +Now peep this, Overstock provides their dividend on a blockchain on the tZero platform. On Gamestopā€™s end, when this was first posted, it was marked inconclusive, but when we learned about https://exain.gamestop.com/, a potential +financial portal, it had everyoneā€™s ears for the moment, however, after a set of odd explanations in the discussions of the comments, nothing was substantiated. But hey, anything is possible right? A possible financial portal where you can interface your GameStop wallet and off-ramp your earnings from the Bank of Gmerica? + +But hereā€™s another twist of the knife into the shorts. GameStop pulls their credit rating. Why? Pulling your credit rating is usually performed when you decide you want to undergo bankruptcy, Chapter 7/11.. or perform merger & acquistion. Well, bankruptcy is certainly off the table. So an M&A, is likelier and, would potentially allow GameStop to create a spin-off company. What about the shares? Why put it in the hands of the DTCC, when you can use Loopringā€™s [global stock exchange courtesy of an approved patent](https://uspto.report/patent/grant/10,354,236). + +So to sum up using a math equation: ABL Credit facility + Holding entity classifed as a bank + NFT marketplace = legitimate business purpose for NFT dividend. All placed in an [alternative trading system](https://www.investopedia.com/terms/a/alternative-trading-system.asp) on the Loopring blockchain. + +If this NFT dividend is too cost prohibitive, it will create panic and force shorts to close because they donā€™t want to be on the hook for paying out millions of dollars for every NFT dividend. + +Tokenizing stock securities and keeping them out of the hands of the DTCC keeps the shorts locked in with us. + +On top of everything GameStop has accomplished, they allocated time and resource to build out, re-engineer, and repurpose their legacy business, while SIMULTANEOUSLY innovating on the web3 front. + +Not saying that it is; yet, things sure seem to be lining up for an NFT dividend distribution. + +Edit: Added words for clarity. + +gg shorts. + +hang the fuck on the rest of yā€™all + +buy drs shop hodl + +moass is definitely tomorrow + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +Purchased a 2/2.5 in Florida in mid-2020 and am currently renting it out for $3500. 30 yr mortgage is below 3%. + +The community is growing and prices skyrocketed. Based on comps I can likely sell between $650-700k. + +What factors should I consider when analyzing whether to sell or hold? + +On one hand, the rate is great and the place will be paid off eventually. Not bad given rate increases impending. + +But thatā€™s a lot of cash to leave on the table. I could take it and buy other properties this year. + +Original plan is to buy around 10 properties, have tenants pay them off, then cash flow around 50k per month. +The psychology behind investing is quite interesting because for a lot of ideas thereā€™s often a counter argument, the most common and major one is when to buy/sell a stock. Thereā€™s no doubt that when people buy a stock, they want it to go up because everybody wants gains, but what is hard to consider is that if the market goes down and your stock goes down then if youā€™re a long-term investor this gives you the chance to buy more and make more gains in the future. Everybody knows the phrase of buy low, sell high, but figuring out what is low and what is high is where the real game begins. + +First, I want to look at bull and bear markets, now for us retail investors who can dump our capital into one stock and not have much impact thereā€™s not really an excuse long term to be over committed when markets appear inflated or under invested when the markets have sunk for a short-term reason. Now as with the majority of reasons here Iā€™m focusing on mid to long term investing, because if youā€™re doing short-term investing obviously this changes the formula. For example, if the markets seem undervalued thereā€™s very little reason to be heavy on cash and vice versa, but can you think of an example where this would happen? Well fund managers! A fund manager has clients who will react emotionally and want to sell out during bear markets and buy back in during bull markets, this means they end up with the worst of both worlds. A great example of this is the recent march crash when the government let you take out super annuation if you could show you needed it or provide some nonsense excuse. Now your super gets split between bonds, stocks, and other safe shit but my point is people took it out during the bottom and if they had just waited its most likely the returns would have outdone whatever they spent it on unless it was debt with higher interest rates or something of that sort. + +The next thing I want to do is compare the property psychology to stocks. Now when you have a property you donā€™t call up the real estate agent everyday to get a valuation because you know it doesnā€™t matter and that day to day not much is going to change, so why worry about what happens in the market every 2 seconds? We all know that the more you check a stock doesnā€™t mean the stock will go up any higher, but if anything, it will just make you want to consider buying/selling seeing all this happening. An example they use in the Intelligent Investor is that pretend the market (Tom) has bi-polar because some days Tom is extremely fearful, and some days Tom is overly happy. Now if you believe your stock is worth $15 and everyday Tom offers you around that $10 level you have no reason to take much action, because you believe the stock should go up. So, the next day Tom is depressed because he ran out of tacos and offers you $9, then the next week its $8.50 and then a month later its all the way down to $7. Would you sell? Well, no, the stocks worth $15, why bother selling for almost half the value, you would be better off buying the stock. Now letā€™s say Tom realises he can buy tacos and he gets really happy and starts offering you $11, $12, and so on and a few months later heā€™s offering you $20 for your stocks, well then it is worth considering selling a percentage of the stock because you can see its overvalued. This brings me to my next point which is we are more likely to do something if the person next to us is doing it too. + +The next one is related to Technical Analysis!! Which is all about psychology, but the key thing is us as people like to find a pattern in everything, especially if it helps confirm our beliefs. The intelligent investor covers this and mentions multiple studies in which if people were shown random data and told it was random, they would struggle to find any pattern at all, but then when people were told thereā€™s a pattern, they just need to find, all of a sudden people were able to find patterns in this random data. Now this is the same for stocks, the book talks about that if people see the same data 3 times, they will use that as a pattern and would be willing to rely on it happening again, even though thereā€™s not necessarily any logical reasoning for it. Now Iā€™m not saying if a stock is in a trading range for example donā€™t just dismiss resistance and support levels, but what I am saying is data can be manipulated, especially the stock price to paint a certain picture but always try look at it from a neutral perspective, or maybe even try find reasons for why the pattern doesnā€™t work within the stock. + +Now if we know that you can find a pattern in anything, we should also know not to buy a stock for one reason and sell for another. A key example for me is WPL, I bought because the stock typically tracks the oil price historically, and this year thereā€™s a major gap and I believe its not warranted and that the stock will eventually rise back up to catch it. Now I could also make a case for selling the stock in terms of the stock having a declining eps and roe and other fundamental issues, but thatā€™s not why I bought it. You could do this for the majority of stocks on the ASX, find one reason to buy and a whole new one to sell, but unless your reason for buying and holding has changed then you shouldnā€™t sell for a completely different reason. I have done this and covered it in my FY recap post where I talk about my biggest mistakes, and this doesnā€™t mean it wonā€™t happen again but if itā€™s something youā€™re conscious about youā€™re less likely to do it. + +A common issue I see on the sub is everyone FOMOing and trying to jump on every rocket, now sure this might work occasionally but you donā€™t need to jump on every rocket, you just need to avoid the ones who come crashing back down to earth. If we look at Afterpay, you could have made a fortune the last few months if you could predict the highs and lows and trends, however is the risk worth taking? What if you got it wrong? I made the most money from Afterpay out of any stock in 2019 just trading it, but this year I canā€™t see how to predict the constant changes, hence Iā€™m happy to just sit on the sideline and enjoy the show. The current prime example is GME and AMC on the US markets, thereā€™s always going to be another rocket but if you run out of capital you have no way of taking advantage of it. Buffett likes to look at it in terms of baseball where if you strike out 3 times you are out, in the stock market you can wait and wait and only swing at a stock once youā€™re confident you can hit a home run on, so thereā€™s no reason for you to strike out. + +The last one I want to look at is making sure you donā€™t compare yourself to the person next to you. Now this is one Iā€™ve heard of before but ignored because you can use it as motivation to help make yourself better, but Buffett discussed it in his 2021 shareholder meeting this year. He talked about how if people were making $200k a year they were happy, but as soon as they found out the person next to them made $201k they would complain because they wanted what the person next to them was having, now this in a logical way of thinking is stupid. You donā€™t know what theyā€™ve done or why they get the extra 1 thousand, just like in stocks if someone has 40% returns and you only have 15% it doesnā€™t mean you should start copying their strategy if youā€™re happy with your 15% returns. A real-world example is in the late 90ā€™s early 2000ā€™s when Buffett was making small gains/losses each year, whereas some fund managers were making ridiculous returns in the late 90ā€™s due to their exposure to tech. But by the early 2000ā€™s a lot either went to shit or performed much worse than Buffett and as we now know Berkshire Hathaway is a monster in terms of size. So, if youā€™re happy with your 10% gains each year then celebrate, donā€™t be annoyed harry next to you had 20%. + +Now, a lot of this is my opinion but also what has happened historically in the markets. If you want more info on the psychology of investing there are multiple books which you can read on general psychology or market psychology to learn more and form your own opinions. +Welcome to IceCreamFinance! + +&#x200B; + +šŸš€Launch in 30 minšŸš€ + +&#x200B; + +Our project is based in LA and we are excited to move forward. The project aims to be a lending service for start up companies. We have alot of plans coming like + +&#x200B; + +ā—poocoin + +&#x200B; + +ā—tik tok + +&#x200B; + +ā—coingecko + +&#x200B; + +ā—coinhunt + +&#x200B; + +How does that work? + +&#x200B; + +Well people like you come to us asking for a loan much like a bank! The great part about crypto currency is its fast and efficient! + +&#x200B; + +We charge a 15% interest over a period of time agreed upon by the customer and they sign a contract! + +&#x200B; + +How does that effect the token? + +&#x200B; + +By charging this interest fee it gets automatically reinvested into the token itself causing a rise in price on every investor! + +&#x200B; + +By doing this we ALL make an income! + +&#x200B; + +How does the team generate an income?? + +&#x200B; + +A small 2.5% fee from every interest goes to our pockets so that the token itself is protected! + +&#x200B; + +Remember this is a source of passive income NOT a money grab! + +&#x200B; + +So welcome to our project and as we move forward we can discuss what is to come!! + +&#x200B; + +Welcome to IceCreamFinance! + +&#x200B; + +Our project is based in LA and we are excited to move forward. The project aims to be a lending service for start up companies. + +&#x200B; + +How does that work? + +&#x200B; + +Well people like you come to us asking for a loan much like a bank! The great part about crypto currency is its fast and efficient!it makes it so we can have less fees than a normal bank and much less of an interest rate! Anything from prescriptions to cars! + +&#x200B; + +We charge a 15% interest over a period of time agreed upon by the customer and they sign a contract! + +&#x200B; + +How does that effect the token? + +&#x200B; + +By charging this interest fee it gets automatically reinvested into the token itself causing a rise in price on every investor! + +&#x200B; + +By doing this we ALL make an income! + +&#x200B; + +How does the team generate an income?? + +&#x200B; + +A small 2.5% fee from every interest goes to our pockets so that the token itself is protected! + +&#x200B; + +Let's all get locking on our cones icecream to the moon! + +&#x200B; + +&#x200B; + +IceCreamFinance + +[https://t.me/IceCreambsc](https://t.me/IceCreambsc) +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! + +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! + +There are so many posts focused purely on money here. I thought this would be nice for people that have already retired early. + +Where (city, country, etc) do you want to retire early and why? There was an interesting discussion on NYC vs. other cities in the world that might be interesting in a fatFiRe context. +Edit: people keep reading this as ā€œsport betting is a better place to make moneyā€ no, Iā€™m saying sports betting is a better place to test your skills, learn, grow, and find a clear mechanism to uncover an edge + +Every week we see another post about a strategy that returns X% with some sharpe ratio but the inevitable ā€œbut did you backtest correctly etcā€ comment pops up, imo people here need to test their analytical skills on sports betting before they try their hand at the market - itā€™s the same fundamental problem (mis priced financial instrument - in the case of sports betting, a binary option) with a clear testing method without market moving bias - just track your bets and you wonā€™t have a doubt whether you have an edge. Also, you will have to deal with frequent portfolio optimization - donā€™t jump right to the markets, the giants didnā€™t either (Thorpe, Shannon, etc) +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 5: + +**Company name:** Reckon Limited + +**Ticker:** RKN + +**Industry:** IT + +**Headquarters:** Sydney + +**Market cap:** $90m + +**Current share price:** $0.8 + +**P/E ratio:** 9.5 + +**1-year Performance:** \+68.42% + +**What they do, smoothbrain version:** the Diet, Sugarless, Caffeine-free, Clear Pepsi version of Xero + +**What they say they do, wanky version:** "Accounting software for busy people - spend less time managing your finances and more time on growing your business." šŸ†šŸ‘‹ + +**What they do, actual version:** "iS tHiS tHe NeXt xErO?" Probably not. + +Sydney-based Reckon is a multi-purpose business software & solutions company that has been around since 1987 and provide a range of cloud and SaaS based services. These cover things like accounting, payroll, and POS (that's Point of Sale, not Piece of Shit in this case, retards). + +They officially divide their business into three core software groups: Accountants, Business, and Legal, but by all indications, it's the accounting portion of the company that carries the load financially. + +Their Legal system/team in theory looks like it has potential, with a lot of legacy users out there still on oldschool desktop instead of cloud software they could potentially convert over, however it looks like a drag on the company instead. + +They employ over 300 people, and their original founder/chairman is still involved in the business today. + +**What looks good:** + +* Profit after tax was up around 20% over previous period, while the bulk of their revenue (85%) comes from recurring subscriptions, aka reducing the reliance on necessarily needing to constantly acquire new customers to survive. +* Their annual user growth looks good, if not amazing. They've got over 100k of cloud users, with 35% growth in users annualised. +* They're positioned in a good place technically, with everything cloud and app-based, so they're not one of these older software dinosaurs that needs to rebuild everything to pivot. +* They provide a big-ass (I know we're Aussie, but whenever I type "big-arse" it looks like a drunken Irishman typed it, so "ass" it is) dividend for a relatively small-ass company. 5.7% is massive yield for a company of this size, meaning even if you just get a bit of Share Price growth on top of it you've already received returns that would make AusFinance moist. +* I'll say this for them; their front-end design and user experience on their systems, website, and even their annual report is slick and modern. Credit to their UX guys where credit is due. +* They've made some efforts to reduce their debt (more on that below) over the past couple of years, which is at least somewhat good to see. +* Their P/E ratio of under 10 is impressive and efficient given their market cap. +* They've been around since 1987, which is good in the sense that they're not some fly-by-night SaaS business that is likely to go under should you throw your dollars at them. + +**What doesn't look good:** + +* Lots of debt. Like, I believe the official term here is a "fuckload" of debt. Considering their size, even though they've paid down a chunk the last couple of years, having \~$36 mill or so of debt is hiiiigh. I get they need to continually fund development etc. to stay competitive, and release new products, but jeez. +* Considering how much they have spent on development per year, it doesn't look like any of the newer products they have pumped out have had as much effect on the bottom line as they should have. +* Their management/exec team are also on pretty BIG salaries for the size and revenue of the company. For a handful of them each getting paid $800k+ per year, you can only return me 20% growth in profit during one of the biggest tech booms we've ever seen? Eh. +* A heavily competitive space given the likes of Xero, MYOB, and other more famous names exist, and given how typically hesitant businesses are to switch over software platforms given the effort, may be hard to steal market share. +* The fact that you probably asked "Who the fuck are these guys?" when you opened this thread is a case in point regarding brand recognition. As mentioned above, they've been around since 1987... less money on pure development, and more on marketing needed perhaps? +* Past deals have fallen through that would have helped drastically reduce their debt, including one with MYOB a few years ago which would have bought in a cool $180m of revenue, however MYOB got cold feet, their share price plummeted, and has never recovered. +* Share price has declined significantly since their peak around 2015, and while it's climbed up a lot since its Covid-induced bottom in March 2020, it's still only back to hovering around pre-Covid levels +* Brand name is pretty stupid, I "Reckon". But then again, so is Xero. + +**Overall rating (strong buy/buy/hold/avoid):** This one is a little confusing to me, as the indications are there in terms of product quality, fundamentals of revenue, and tech capability that they probably should be bigger or more recognised than they are. This Covid "work from home boom" period saw many other software/SaaS companies share prices soar - so why didn't Reckon's? + +You'd think with the general appeal of tech combined with their pretty sexy dividend that more investors in general would have been drawn to this - perhaps it's the debt level that scares them off? If users are growing 35% annually, why isn't that reflected as well in their revenue? + +I'm flagging this as an AVOID personally, as it flies in the face of the indicators I usually look for financially to instead seem like it's not going to fly anywhere amazing in the near future. It may be one to try for those looking for a dividend investment with potential growth upside however. + +**Company website:** [https://www.reckon.com/au/](https://www.reckon.com/au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/rkn](https://www.marketindex.com.au/asx/rkn) + +Feel free to add more DD/comments below. + +**Would you buy this stonk? Why or why not? Feel free to vote in the poll.** + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) + +[https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) + +[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) + +[/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/)[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +Edit: I also hate to be "that guy", but if you like these posts then please upvote the thread even if you don't like the actual stock, I know it's not as sexy as memes for that easy upvote juice but they take a fair bit of effort so... thanks šŸ’˜ + +[View Poll](https://www.reddit.com/poll/mec9nc) +https://www.bloomberg.com/news/articles/2017-02-15/under-armour-ceo-hammered-by-analyst-for-praising-donald-trump?utm_content=markets&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-markets +We are 50. We are thinking of retiring at 57. We have about ā€”ā€” in 401k and IRA, ā€”ā€”- in Roth IRA. We now make too much for a Roth IRA, so after maxing our 401k contributions we invest in post tax accounts. The plan is to live on these ~~post-tax~~ investment accounts until from 57-60 and then pull from our 401kā€™s and IRAā€™s. + +Is there a better choice today than continuing to max our 401kā€™s? In theory we would back door convert a little bit each year from 57-70 while our income is lower. + +Thanks. + +**edit** + +Thanks everyone. Things I learned: +1. Investment accounts are not called ā€œpost taxā€ +2. Starting in 2024, the 401k catch-up contribution will go to a Roth vehicle (Roth 401k maybe?) +3. So far Iā€™ve been cavalier about my back door contribution plan, and I need to do some homework on what exactly the conversion entails. Specifically around having both 401kā€™s and IRAā€™s. Good thing I asked early and have a few years to figure it out. +4. Rule of 55. Which looks awesome but has some very specific requirements. Simple easy-to-understand requirements, but stringent nonetheless. +5. Generally, my plan is sound, but I have more homework and probably will tweak it a little. +Hi guys, + +I follow the sub closely & would rather not have this on my normal Reddit account. Earlier last year I made a ton of money trading options, but let greed & hubris get the best of me and ended up losing all of the profits and most of the principle. + +I started with about 10k, got up to almost 300k (mostly in Feb / March) and am back down to maybe 6 grand. Before you ask how, trust me, if it feels like house money youā€™re going to be a lot more reckless and make bigger bets to chase the next high (I wanted 500k). The real shame of it is that I lost most of it holding calls, but selling out after a few down days. Weak hands.. + + +However, needless to say this has been extremely tough on me. My blood pressure was teetering at stroke levels, Iā€™ve been constantly down & depressed, migraines that donā€™t seem to leave & of course the mental pain of thinking about what I did. LUCKILY, I didnā€™t lose the farm so to speak. I have an emergency fund, a 401k and maybe 5k in a side account. No debt either. Everything I won and lost was in a trading account. + +I work at a good company, but donā€™t make anywhere close to what I had. And even if I made 300k / yr itā€™s not like Iā€™d have that in an account all at once. Iā€™m having a really hard time coping with it & canā€™t really talk to anyone in my family because we dont come from money. If they heard my story theyā€™d just call me an idiot for not giving them some money and that would drive me deeper into sadness. I fought with suicidal thoughts in the fall, but am passed that now. Just the daily depression of thinking Iā€™ll never get that opportunity again. I couldā€™ve invested in start ups, built a massive portfolio at cheap prices & been good for life. That chance may have been once in a lifetime and I blew it in my 20s. + +Has anyone else dealt with this kind of situation and if so how did you make it out? I havenā€™t touched an option or sports bet since, but the lesson of ā€œno more gamblingā€ isnā€™t going to make this frustration go away. + +Sorry for the rant, Iā€™ve never told anyone this so it feels good to mention here. +Setting 2023 as my year to finally get into investing. Just joined the sub, never invested into anything other than my 401k and IRA . In my early 30s and planning on putting in around 15k in early January. Not looking to keep it sitting for 30 years or anything yet, I guess I just want to get my feet wet and see how much I can make in 6 months to a year, and also impress my wife :) Maybe I'll get more serious about longer term and consistent investing after this, but for now I'm just gonna stick to 6-12 months and then pull it out. + +Questions: +-Should I go only for stocks that give me dividends? Are "regular" stocks more risky? I like the idea of just reinvesting the dividends I earn now. +- I see a lot.of advice about VOO or VTI + SPHD, should I just split between them even if it's a short term thing? JEPI too? +-I also keep hearing bonds are looking good in 23'... Is that a better safer route for this short term investment? +-Is early January ok to buy in or should I wait for the next rate hike or something? +-Better to invest all 15k at once or spread it out? + +Appreciate any advice. +Yes, hello, it's true, as u/jswyft crystal balled months ago, PLS is gonna start paying dividends. Fuck the boomers, this is my millenial boomer fave now! + +mining.com "[PILBARA MINERALS TO BEING PAYING DIVIDENDS](https://www.mining.com/web/pilbara-minerals-to-begin-paying-dividends/) + +"Investors have been bidding the Pilbara Minerals share price higher today after the company unveiled its capital management framework. + +With Pilbara Minerals generating significant free cash flow from its operations, it is now in a position to start thinking about capital management. + +Pleasingly for shareholders, this means that dividends are expected to be paid from FY 2023, with management aiming to pay out 20% to 30% of its free cash flow to shareholders." +I'm sure I've seen this topic discussed before. Can we dust it off? + +I think folks read gain/loss posts and find inspiration, envy, and sometimes pity. Poster's motivations could be helpfulness, pride, and/or cautionary. On its face reporting progress (good or poor) seems reasonable, but 1. there is danger in sensationalizing this strategy (especially for new folks), 2. most of these posts are unhelpful and add little (with the exception of some detailed explanation posts) 3. gain/loss only really makes sense (to me) in % terms, or net credit per contract when describing a play, whereas the "I made $x" is a little useless. + +As an olive branch, I'm glad we're not burdened with sidebar rules - I'm not suggesting a rule change. Maybe we could add tag for gain/loss posts? Maybe we could all be a little more careful when posting / upvoting / downvoting? Thoughts? My motivation is to steer us away from a 'wsb' atmosphere - which I think we've mostly avoided so far, but should be on guard for. + +&#x200B; + +Full, honest disclosure: Yes, OK, I fully admit my short call sides are getting wrecked because I miscalculated the exuberance in the tech market, and I'm salty that I have no gains to post... I think my points are still valid. And if you've posted gains or losses recently, I do sincerely wish you the best - no shade - just wanting the best for this sub because y'all are great. Thanks for reading. +So you set your limit order for 1 contract and you see there are 100 orders at that ask price. When the next market order comes, who gets the fill? Be$t customer? Random? + +First come first filled? + +IF FCFF, if you set your price one tick closer to the middle, and 20 come with youā€¦now are you first? Seems unlikely +So you think that 5% dip counts as a correction? + +Let me give you a helpful hint.. + +We're not in a correction until the sweat falling down your neck meets the sweat of your ass crack in a pool on your desk chair while your sitting up at 3am staring at a stamp chart 3 inches from your face trying to convince yourself thats its going to reverse any second now. Your hand shaking like a Parkinson's patient over an oily mouse when suddenly you feel the dire need to take a shit but you vomit in your mouth a little bit instead and before you have time to question how those two bodily functions could possibly be related we've already dropped another 20%. You've now got a big red dildo candle showing a 60% loss in a matter of minutes staring back at you as price has dipped far below your buy in spot, all the profits you made over the past several weeks, dreams of that new car, that new house disappear in an instant and you cant imagine what possibly could have caused this. + +You default to erroneously blaming the Chinese but that doesn't quite add up so you take to twitter with panicked breath searching for anyone, anything that might have the answer as to what the F is happening. Of course no one has any more of a clue then you do so you immediately start to internalize the struggle. What starts as a whisper of "why didn't I just sell" turns into a rampage scream in the back of your mind, after all its so obvious that this was the top, it's so clear now looking back, of course that was the top how the hell didn't I see that 15 minutes ago? Meanwhile we're down another 5% and you just can't take it anymore. Tears are rushing from your eyes, something that looks like dried blood is all over your arm emanating from the spot you didn't realize you were subconsciously digging your fingernail into. You close your eyes just for a moment but when they reopen you realize you've somehow already logged into your Coinbase account and punched in a sell order. Thats it. You sold. Your devastated, but manage to breathe a small sigh of relief. Well at least i can't lose anymore you say, at least i walked away with something. Your emotionally and physically exhausted now but you manage to drag yourself across the room, you fall flat on your bed with one final thought passing through your mind before you let the darkness overtake you..."why didn't i just sell the top?" + +In the morning you wake to the realization that you slept fully clothed and at an odd enough angle that your neck is surely going to feel exactly as bad if not worse for the rest of the day. The events of the previous night come back to you in a flurry of blurred emotions and while you almost can't bring yourself to check the price you just have to know. How much lower did it go? After all, there is still a glimmer of a hope, you think well, perhaps it isn't all bad, perhaps I can buy back in a bit lower and make the losses back in the long term. You begrudgingly open a chart and whatever small amount of hope that remained escapes your lungs before the sigh hits your lips. Price has fully recovered, it's actually trading up 10% from yesterdays highs... + +Thats a correction. + +Twitter: @dAnconiaMining + +Medium: @PercentEvil + + + + +Edit: For those who didn't get the joke this is just some bitcoin satire not my life story. It's the result of reading too much r/bitcoin and r/nosleep at the same time... + +Everyone should invest based on their own risk tolerances and in accordance with their own investment goals. Hodling is a viable strategy for those who truly believe Bitcoin is the next big thing, but a word of caution to the new comers who are just here for a quick buck. This space can and will be more volatile then anything you've ever seen before. +I am not going to blame anyone here for [Afri's departure,](https://twitter.com/5chdn/status/1097786258976325632) but I hope we all learned something from this (community and devs alike). I don't regret writing [my post](https://www.reddit.com/r/ethereum/comments/ar2xxh/on_the_economic_incentives_of_parity_for_ethereum/) the other day, because what I said there absolutely needed to be said (in my opinion). But I now deeply regret the timing of it, especially if it in some way fomented extremist responses which contributed to this outcome, despite my attempts to decry those responses. I will try to be more cognizant of timing and forum moving forward when I post, but I will continue to constructively say things I think need to be said. Everyone else should feel free to constructively disagree with them. + +A vocal minority here weren't interested in that discussion of structural COIs I mentioned- they just wanted blood. That is unacceptable, and if it happens again, I call upon all responsible community members here to reject it. But I do recognize that it was a just minority of folks here. I believe the vast Ethereum community is well-intentioned, and remains focused on the goal of decentralizing the world. + +That being said, there are ways to be provocative on Twitter as a prominent community member, and still be respectful to the communities you serve. I can only wish that Afri had appended original tweets with a "I say this because I love Ethereum, not because I hate it. I say it because I want us to succeed, but we cannot be complacent." Given his contributions and the feelings in his heart, he may have felt he didn't need to add a qualifier like that. I can't imagine how different things might have been, or maybe they wouldn't have been different at all. But [Poe's Law](https://en.wikipedia.org/wiki/Poe%27s_law) affects the masses, but I disagree with the statement that those masses are purely an uninformed and blood-thirsty mob. Many are part of a concerned and active community who want to see Ethereum succeed, but do not have the benefit of knowing each of the devs personally and implicitly understanding the intent of every comment they write. + +And right now, I will say thank you, Afri /u/5chdn. I'm incredibly sad to see you go and I hope you will reconsider. Your contributions to Ethereum have been incredible, and I do not think you should let a few angry voices chase you away like this. I promise you they don't represent the vast majority of this community. Step back from the coordination role you have been playing if you want, but don't leave. With that, I hope this is just a "see you later" and not a permanent goodbye. Either way, thank you, and remember that many of us will always consider you to be a part of this community, even if you no longer want to be a part of it. + +I hope we can move forward as a community after these incredibly unfortunate events. If this polarizes our community into a "devs versus plebs," I will be incredibly upset, and I will do my best to ensure that doesn't happen. + +**To our devs,** we love you guys (and gals). You do so much for our community and for the world, and we believe that you are creating the decentralized future. We don't seek perfection from you, but we seek mutual respect (and we need to do our part there, too) and some transparency. We want avenues to constructively provide feedback on how our community operates, but we don't expect to dictate anything. We trust your decisions in most cases, but want our voices heard. We love that you love Ethereum, and we want to see you just as excited about it as we are. Feel free to respectfully point out flaws in our network and community as a way to spur action, but remember that for some here, when you offer unqualified insults Ethereum, it's like you're insulting them personally. I'm not saying that's right, I'm just saying it's how some feel. + +**To our community more broadly,** I love you guys, too. And for the most part, I think our devs do, too. ETH investors aren't just speculators. We are indirect funders of development (by creating liquidity / demand for ETH), beta testers, active users, dedicated platform promoters, use case imaginers, community participants & leaders, on-boarders, and bridges to the "real" world. *But we need to do our part to call out irresponsible comments and reject extremist tendencies.* If we want to be a part of the discussion, we need to show that we're capable of contributing to civilized, informed discussion. We need to discuss issues we are passionate about, not ad hominem attacks on others (which are ALWAYS unacceptable). And we need to acknowledge that our community is infiltrated at times by those who seek to sow discord. We must fight actively against that. +Has anyone here had success getting a loan against their stock assets for living expenses instead of selling a portion of your investments each year? Low interest, like <5% APY, that you can then resettle and roll into another loan for the next year, then on and on basically forever until settling up at end of life. + +I know of some crypto/online banks that you could do this with, but they're higher interest >8% and I don't really want to own that much crypto and am unsure about the long term viability of some of the lenders. + +This would be a strategy to avoid capital gains when selling stocks and allow them to grow instead of selling while still borrowing against them to pay living expenses. + +I'm thinking there may be some private banking options that would work for this but I haven't seen anything specifically. A Line of Credit on a very valuable property could sort of works this way, but I'd prefer to keep my assets in the market. Annuities are also sort of similar, but that's not what I'm after. I'd rather capture the market gains for myself. + +Edit: Just wanted to say thanks to all for the info. I'm mostly a lurker but appreciate this sub! +The company I work for told me last month I was approved for a 15% raise; that seemed like a lot but I have been really busting my ass this year to prove my worth (in preparation for asking for said raise) and felt pretty accomplished when I got the good news. By my calculations it would but my gross pay right around $54k, which for the field I work in is not too bad for a non-management position. My calculations told me Iā€™d see an increase in my after-tax pay of about $400, which I was planning on throwing at my debt and car payment to expedite clearing them out. + +To my surprise, I checked my paystub this morning and my net pay only increased by $150. My gross pay seems to check out re: the increase I was told I was getting, but it seems like most of it has been swallowed up by taxes (over $1.1k this month alone). At the end of the day, my annual take home pay is only increasing ~$2k, off a raise that boosted my annual gross over $7k. So hereā€™s my question: am I getting over-deducted in my taxes, or is this what the news means when they talk about the death of the middle class? + +ADDENDUM 1: I am paid monthly. + +ADDENDUM 2: Per recommendations from the comments, I went back and pulled my last pre-raise paystub to compare withholdings. My previous gross pay was $3,900 and my federal withholdings were $377/month; adding in Social Security and Medicare + my $60 in health care deductions, my total deductions pre-raise were ~$730. Post-raise: My gross pay is $4,552, Medicare and Social Security withholdings only raised a little bit, but my Federal tax jumped up to $763/month, over double what it was last month and is the bulk of why my total deductions were over $1.1k. I'm gonna check with HR and see if that's where it's supposed to be. + +ADDENDUM 3: Talked with HR, they confirmed there was a mistake with the paystub service/program they use in the federal withholding calculations this month; they've fixed the glitch and are crediting me back the difference. So, raise found! Thanks for everyone's thoughtful replies. +Thought you guys might be interested in this! If you've never checked out Freakonomics radio, it's one of my favorite podcasts, definitely worth a listen. + +http://freakonomics.com/podcast/stupidest-money/ +Seems like Beijing in China is hit with 2nd wave of covid. hopefully our market survive without too much damage. + +https://www.bbc.com/news/world-asia-china-53046454 +I did what many of you guys have done. I was up before 5am every day, went to work and worked hard. Had great project success. + +In the same time I bought cash flowing real estate and even started a small software company that earns passive income. Everything is pretty secure. + +&#x200B; + +1 year ago I decided to quit a job that was essentially work from home or out of my private office downtown. It was literally the best job a person could have. (They made all kinds of weird exceptions to recruit me. It lead to resentment at the company and I would never suggest getting into that arrangement.) + +The past year has been horrible for me. The lack of socialization, need to get out of the house and even impulsive urges such as drinking at home have taken their toll on me. This year long experiment is over. Hopefully I am still hire-able. + +We will see. It will be fun to get back into the workforce for a bit. I'll be curious to see how it works out. + +**Anybody else do this and decide to go back?** +Source: [https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/](https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/) + +I would like to know your opinion on this part from the article on stocks: + +>This is precisely what has been happening all across the world since the covid pandemic broke out. With central banks printing a humongous amount of money, interest rates are at very low levels, forcing investors to look for higher returns. A lot of this money has found its way into stock markets. The newer investors have bid stock prices up, thus benefitting the older investors. The deep state of investment has played its role. +> +>Of course, the counterpoint to whatever I have said up until now is that unless new money comes in, how will stock prices ever go up. This is a fair point. But what needs to be understood here is that in the last one year, the total amount of money invested in stocks has turned into a flood. Take the case of foreign institutional investors investing in Indian stocks. +> +>They net invested a total of $37.03 billion in Indian stocks in 2020-21. This was almost 23% more than what they invested in Indian stocks in the previous six years, from April 2014 to March 2020. This flood of money can be seen in stock markets all across the world. +> +>Clearly, there is a difference, and the stock market has worked like a naturally occurring Ponzi scheme, at least over the last one year. + +&#x200B; + +and the second point from the article on startups/unicorns: + +>This Ponziness is not just limited to stocks. Take a look at what is happening to Indian startupsā€¦oh pardon meā€¦we donā€™t call them startups anymore, we call them unicorns, these days. A unicorn is a startup which has a valuation of greater than billion dollars. +> +>How can a startup have a valuation of more than a billion dollars, is a question well worth asking. I try and answer this question in a piece I have written in todayā€™s edition of [the Mint newspaper](https://www.livemint.com/opinion/online-views/what-dravid-s-role-as-a-goon-says-of-the-global-economy-11618852566547.html). +> +>As mentioned earlier, there is too much money floating all around the world, particularly in the rich world, looking for higher returns. Venture capitalists (VCs) have access to this money and thus are picking up stakes in Indian startups at extremely high prices. +> +>Many of these startups have revenues of a few lakhs and losses running into hundreds or thousands of crore. The losses are funded out of money invested by VCs into these unicorns. +> +>The losses are primarily on account of selling, the service or the good that the startup is offering, at a discounted price. The idea is to show that a monopoly (or a duopoly, if there is more than one player in the same line of business) is being built in that line of business and then cash in on that through a very expensive initial public offering (IPO). +> +>As and when, the IPO happens, a newer set of investors, including retail investors, buy into the business, at a very high price, in the hope that the company will make lots of money in the days to come. Interestingly, IPOs which used to help entrepreneurs raise capital to expand businesses, now have become exit options for VCs.Ā  +> +>If an IPO is not possible, then the VC hopes to unload the stake on to another VC or a company and get out of the business. +Greetings Everyone. + +I have been looking for lockers in various banks. So far I have visited 4 banks, Pune: + +1. ICICI +2. KOTAK +3. INDUSIND +4. HDFC + +To my surprise everyone is kind of forcing me to either open FD or take some kind of ULIP plan to avail discount. Otherwise on a flat rate lockers are priced at 5000 to 10000 + GST per year. + +ICICI wants me to make 25k fd + a ULIP plan of undisclosed amount and 5.5k small locker. These guys were least interested as a bank to get me on board despite having a bank account. + +Indusind, where I have an account, wants me to either put 10L fd or 2L min balance account to avail free locker. Other wise 1L min bal to avail 50% discount. + +Kotak 20k Fd + flat rate of 3k per year, small locker. This one sounded most reasonable of all. But availablity after 2 months. + +HDFC has most simple terms. No discount thing, just have 25k fd and flat rate. + + +I would like to hear some suggestions and experiences from the group. Also what is so special about ULIP plans that banks are always behind my ass to sell it to me. They managed to sell it to my wife saying it's the best investment instrument, better than MFs bla bla bla. Because of the way they are selling it I have stayed away from ULIP plans. + + + + +**Update 8/10/21:** + +Few more banks visited, and finally going ahead with Canara Bank. It needs min balance of 1000 rs and just 20k fd. Locker is 2000+gst. This is the cheapest I found so far. Surprised to find so easy and straightforward bank folks and process. + +About other banks... + +Axis: 75k minimum balance or 3L FD. 4200 locker charge. + +Idbi: some plan where they want me to invest 50k every year for next 10 years. + +Federal Bank: 50k min balance and some fds and investments, confusing as hell. + +SBI: Not kidding, I visited 4 branches. 2 out of them don't host lockers and 2 were on lunch time. Lunch times were different at both places. I guess the memes are true about them. + +Yes Bank: Worst of all. Expected. 25L, yes 25lakhs, minimum balance account or bunch of asshead investments close to 15 lakhs over 5 to 7 years along with fd and stuff. Basically it was confusing and predatory at the same time. + + +Thank you everyone for wonderful suggestions. Hope this post helps others in future. +So, in short about me, Im in my mid 20s, and have been trading for about 5 years. The first 2 I did not take seriously at all, I was in college, working a lot and had a lot happening, long story short, I have given it my all the past 3 years and have done really well to the point Im starting to have close friends/family ask me to teach them or how to get started. Im not here to teach anyone or promote anything so please do not PM me asking for my strategy or for help on any of the things I mention. My only reply would be to use your friends google and youtube to do your own research into each checklist item, if I even responded at all. + +Anyways, today id like to just try to give back to this sub a little bit. I see a good bit of negativity on here and have even found myself bickering with users on here which has led me to pay a lot less attention to this sub altogether. One thing I recently noticed is that we are at 80k members in here! I think I subscribed just 2-3 or so years ago and it was around 15k. So that tells me that up to \~80% of this sub probably has less than 3 years experience. So obviously a ton of people are all here debating/arguing/attacking/trolling ideas/topics or users that are likely still in the learning phase so this sub I feel like can often discourage or delay a new persons chances of success because everything about forex is subjective, Technicals, Fundamentals, RM/Psychology, all of it is subjective and when users clash it often ends up toxic and someone that is new may completely give up just because they ran into some asshole on here. I believe what I share could benefit this community and if it happens to do so I may post more breadowns on different topics. + +For me personally, I enjoy daytrading. I've tried all types and find daytrading to be the best fit for me. I trade the London/NY crossover, for me that is 5-9:30am central time. Occasionally ill come in an hour early or stay an hour late. I trade 18 pairs, majors, crosses and gold, occasionally silver. No CHF and only few NZD. I know countless people who do just fine with CHF and NZD but from my results over time I do the least well with those. The RSI is mainly the only indicator I use, occasionally an EMA or Bollinger band. Also I have a sessions indicator I sometimes use that I had a friend make for me that outlines a box around my 5-9:30 time and range. + +My list of factors in being a successful trader, in order are + +1. Consistently +2. Psychology +3. Risk Management +4. Strategy + +\*Ill go ahead and state, directed to newbies, that strategy is important but is one of the lesser important factors in the sense of thinking long term, most new traders are out strictly searching for the golden strategy, which doesn't exist or it would be well known, even my best strategy is around 80% which I believe is awesome but without having 1-3 covered, any strategy is useless. + +This is my checklist, in order, although some are kind of closely related. I could go on and on about every point but ill try to keep it short and let you use your friends google and youtube to go further into any point you are more interested in understanding better. + +Before the trade/before I start trading this takes around 15 minutes for me to have all these in check, so I arrive at my desk around 4:30-4:45am to get all these in check + +1. Psychology- your mental state is the most important factor. You need to be in a clear state of mind and not have anything heavy weighing on you. +2. News- Go ahead and be aware of upcoming news events, I use [forexfactory.com](https://forexfactory.com) and only takes me a minute or 2 to review the news and get a bias on what might happen or if any currency should be avoided due to high impact news. +3. Risk Management- Never take a trade risking over 1-2% of your account is kind of known standard for decent risk management. I would mostly agree but I'm personally super conservative and trade 0.25-1% per trade. Also I aim for trades with at least a 1:2 Risk:Reward, never ever less than a 1:1. When trading most days, I already kinda have the pip value and expected risk lot size in my head before im even at my desk, just because its fresh on my mind. I use [https://www.myfxbook.com/forex-calculators/position-size](https://www.myfxbook.com/forex-calculators/position-size) to calculate my risks if i'm unsure. + +\*The more data you can gather about the pairs you trade the more you can use RM to your advantage, For instance, I backtest ALL THE TIME, constantly trying to learn as much as I can about my pairs such as: How many trade setups did each pair produce each week, month year? What pair produced the most setups? What pairs provided the most wins, losses or breakevens? What time during my session did the trade setup form? How many trades went for 20 pips, 40 pips or 100 pips? (for swing traders or scalpers you may want to adjust these numbers) Did news affect my trades? What happened in the Asian session? Early London session? + +Knowing this information allows me to organize my attention to the more profitable pairs for my strategy. I'm almost certain very very few people may have the same exact strategy I use but just as a tid bit out of my 18 the best ones for me in 2019, not necessarily in order, were GOLD, GBP/AUD, GBP/CAD, GBP/USD, GBP/JPY, EUR/AUD, EUR/CAD. These 7 have been my favorites and most reliable, so I will do 0.75-1% risk for these. Next preferred, in no particular order, are EUR/GBP, CAD/JPY, AUD/JPY, AUD/CAD, EUR/NZD, GBP/NZD, GOLD/EURO. For these 7 I use a 0.25-0.75% risk. The last 4 are EUR/USD, USD/JPY, USD/CAD, EUR/JPY, which I use a 0.25% on typically. This doesn't mean the pairs suck or anything, again this was based off my strategy, could be completely different for you but I hope you can see how this improves your odds vs just slapping a 2% trade across all pairs. If you do some research you'll find my best ones were also some of the most volatile and had higher ADRs. + +4. Trend. Since I daytrade I don't pay as much attention to H4, D1, W1, M1 although I do establish a bias for these timeframes, and I typically don't check these everyday honestly, because Ill already know in my head where these are. So I check H1, M30, M15 for my daily bias, Trying to establish a good trendline on the H1, preferably a nice channel. + +5. What did Asian/Early London sessions do? My trades typically form better/more often/more reliable when the Asian session is mostly flat or around a 20-50 pip range, more or less depending on the pair and ADR. + +So these are before, this section is about being aware of news and establishing bias'. Also note other than news, your bias' may or may not be correct, this is simply just getting an idea before we jump into our/your session. It takes me a short while and it worth doing, especially the psychology part, I probably spend half of the time just on number 1, not to watch some motivation video or get super pumped but more so just getting relaxed, putting worries aside if there are any, getting rid of distractions, maybe some light/short meditation. 4:30-5am is definitely a quiet time so its relatively easy to do. I might have a cup of coffee but no more than 1-2 to not get jitters or too much hype in me. + +During my session/preparing for a trade. I wont go in to my specific strategy but I believe the checklist can work with many strategies. + +1. Wait for overbought/oversold on RSI, over 75 or below 25. I don't trade in the middle of the range, simple rule we all know buy low, sell high. I set an alert for when the RSI hits either 75 or 25 so I can start to pay attention to it. I simply wait for an RSI alert then bring that pair to my attention. THIS DOES NOT MEAN ENTER AS SOON AS RSI IS TOUCHED, It just tells me I may potentially have a setup form on that pair soon. The alert allows me to trade 18 pairs relatively easily because there's no way I could sit there and constantly be flipping through charts for hour on end. I have been (what I feel like is) more aggressive in the recent years trading this many pairs. I have a reliable strategy that I could easily cut the the latter 4-11 pairs I mentioned out and just get paid off my best 7 which I probably will in the future as i've gotten more involved in other businesses and opportunities. For now and recently it hurts worse than a loss to know there was a clean trade setup that I missed just because I didn't have it up on MT4. A loss I can study and identify why I was wrong or what went wrong, a missed clean pattern just sucks lol +2. Pattern/Setup. There's a ton of candlestick/pattern formations that happen and people learn an example here where a user posts a lot of charts and examples of all kids of patterns. [https://bitcointalk.org/index.php?topic=4846473.0](https://bitcointalk.org/index.php?topic=4846473.0) So again for new traders, This can be incredibly overwhelming to attempt to learn everything and every pattern. I trade 4 patterns total, 2 when buying , 2 when selling. My advice is find a pattern or 2 and stick to them for a decent amount of time before switching or trying others, I know plenty of traders that stick to 2 patterns, 1 buy, 1 sell and are set. I've studied many but have found my favorite 4. You have to pick a pattern and pay attention to it over time gathering all the info you can to understand if that pattern works well. Every single pattern you can find online has happened on every single pair before, often times over and over and over. Find a pattern/setup, study how much it moves, if news affects the pair, how many times that patterns forms, how it acts around trendlines, etc. +3. Once I have identified a clean setup I begin to think risk/reward, SL/TP, entries/exits, having clear risk and targets in mind instead of jumping in and hoping it goes well. I pay attention to recent levels, Support/Resistances, Trendline touches and news to get an idea to where to place my SL/TP. I wouldn't recommend just using a flat amount for an example such as a 40 pip SL and a 80 pip TP across all pairs. A value of a pip changes across different pairs (An entire topic that should be learned but the calculator from myfxbook I stated takes care of the pip value for you. +4. I check other pairs that have the same currencies involved from the pair I received an alert on to see if there are similar setups forming on those. Currencies have positive and negative correlations, meaning some pairs move together and some pairs move opposite. For instance typically EUR/USD and GBP/USD move in the same direction and EUR/USD and USD/CHF typically move in opposite directions. This is largely due to economic factors. Here's a link that gives a little more insight but this one doesn't list all of the correlations out there. [https://www.markettraders.com/blog/understanding-currency-pairs-correlation/](https://www.markettraders.com/blog/understanding-currency-pairs-correlation/). So if I see or get alerted for a potential setup on EUR/USD I can check GBP/USD to see if there is a setup there too. +5. Enter after patten had been confirmed and is clean. + +So these 5 are leading up to entering the market. Based on my backtesting, I typically get around 3-4 setups per day. Sometimes theres none, sometimes theres 10. I never ever force a trade on a slow day, I know that my pattern will happen eventually so I never take a setup I think is iffy or that im forcing. Also that is another reason I keep my risk low incase there are days where 10 trades happen that all look good. + +So for my session I place my trades around 5-9:30am central time and I usually close them by noon cst when NY session has ended and prices start to go flat. Occasionally I might hold for a day or 2 if I took a good trade in line with the trend and other factors. So after the trades are placed I have just one thing left + +1. Psychology- I said this was the most important, it comes full circle for me and many other. Trading my session and my strategy means my trades could be open for 5 minutes or up to 7 hours. A good trader needs to be able to handle his emotions and trust the process. This means trusting in your setup and let it run while also knowing when to get out in case it show signs of going against you. A traders real job is to manage risk, not to make big trades or a ton of trades. The more selective you are after you've learned a pattern and having everything else in line, the better. There are 5 outcomes of every trade Big win, small win, breakeven, small loss, big loss. To become a successful trader you just need to eliminate the big losses. For me I look at a small win and a small loss basically as breakeven trades. This helps with my psychology because to me it all ends up evening out, just the cost of business. If you take a small loss or small win and let that affect your psychology going to the next trade youre hurting yourself. Sometimes I take a 5-10 pip profit instead of holding and then it going against me for a loss and sometimes I take a 5-10 pip profit and it could've been 100 pips in my favor. Oh well, I protected my account and I know more setups will come tomorrow or later this week. + +That is my complete checklist for entering the market. 11 bullets to cover, 5 before you start your session, 5 leading up to entering and 1 during/closing the trade. I hope this will be beneficial to some and may try to post a little more if I see it is helpful. Thank you for still reading this far! Best wishes in your trading endeavors and 2020! + +Edit: I forgot to mention for a beginner or any skill level I highly highly recommend getting a simulator. Thereā€™s several out there, I donā€™t want to break any rules by naming which one I use, but they basically all work the same, all close to $100 which if you understand the power of backtesting you realize how necessary it is to have and that cost is nothing. A simulator allows you to download the candlestick tick data for any pair, for as far back as the pairā€™s chart goes. So then you can pick a day in the past, any day, pick your timeframe, and press play and the chart will start playing out like it actually did on the day it happened. So you see every little tick up and down. You can control the speed and speed it up fast so you can cover a years worth of trading of a currency in just a few hours. This makes it really easy to get a ton of accurate data in a short time. Demo trading is cool but fully controlled simulated trading kicks ass. I canā€™t recommend it enough. + +Edit 2: my apologies for showing my ass in the comments right after I spoke about the negativity in here. I posted this at local time 4 am right after I stayed up finishing my 2019 backtest results and then I noticed the 80k members and felt an inspiration to post something what I thought could be helpful. I spent over an hour on this post and the lack of sleep and 2 straight all-nighters allowed me to allow others to get under my skin after they come at me with some dumb shit. If you see a post from me just know Iā€™ve put some thought into it and am attempting to bring value. Haters gone hate. If I see some are receiving value Iā€™ll keep it up as long as I know itā€™s something valuable. Again I have nothing to sell or promote even though others assume I do just for posting this. I specifically said stay out of my inbox. Whatever I decide to teach it will be fo free. Thanks again for your time. +I called TD Ameritrade to vote my shares for the upcoming proxy vote since I was unable to do it online under the shareholder library [screencap](https://i.imgur.com/e1p1vD3.png) + +A nice man named Josh told me since it's not showing up on my account, I would just need my control# which he was able to provide and directed me to (www.proxyvote.com) to vote my shares. + +I hope this is helpful to anyone who wants to (and should) vote their shares for the upcoming proxy vote. + +Update: [I voted!](https://i.imgur.com/ER83v36.png) + +Re-Edit: There are 2 websites for the vote. One from the broker (https://www.proxydocs.com/branding/962080/edocs/2021/brokers/) which takes you to proxyvote.com and another from the issuer/Gamestop (https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) which takes you to https://www.proxypush.com/evote/GME/login. + +Either will work. + +Edit: Some brokers may not have the control#'s available yet. Please don't harass broker employees who are just trying to help. + +Edit: Adding proxyvote.com phone# 1-800-454-8683 + +[TO THOSE QUESTIONING THE CREDIBILITY OF THE VOTING SITES](https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom_how_to_vote_your_shares_if_your/gvm6t0s/) thanks to /u/tetrine +I'm 26 and live with my parents. I have autism and my finances have been a wreck forever. I don't feel happy with the money I make at work. I work in a gym cleaning and I make $10 an hour. I also receive money from the state because of my disability with math and my mom is my rep payee. + +I currently have a $440 dollar bill from my therapist I stopped seeing, I might have even more in medical bills because I never kept track if that, my mom literally pays for everything except for me buying food and gas for my car along with my frivolous spending. + +I have medicare because of my autism and I don't understand copays or why they don't cover everything. Mom's also mad at me because she payed for a damaged mirror on my car and my brakes which I also don't know how much I owe her for that. + +I'm just getting older and I'm in a slump in life and I really want to move but I'm financially incompetent. I'm addicted to frivolous spending. + +I don't know what else to add. I'm scared. Help. + +UPDATE: Now working with my mom, therapist and case manager on budgeting! Thank you ALL! +Like other apes I have held through Fidelity, and quite frankly felt confident in the integrity of Fidelity. Friday, was some of the most criminal shit I think Iā€™ve seen since January. What is funny is this entire cycle is just going to continue. I am TIRED of the BLATANT manipulation. So fucking over it, and you should be too. If you are reading this and you have not direct registered, it took 10 minutes of my morning. + +I am open to any DMs from ANYONE that has ANY questions about the process. The transfer is binded to your social security number. The transfer takes two days. There is a .00000001% chance you will miss the MOASS. + +Thatā€™s about it, hope everyone has a nice Tuesday. +I'm just now graduating with a bachelor's degree in economics and I can't help but want to know more. I know for a fact that my knowledge has value at this point. However the issue with economics is in order to get use out of a good portion of your knowledge you need to likely prove yourself in a job but if there isn't many jobs for entry then there's limited use. I have immense interest behavioral economics, and would like to pursue that for my masters. What would the expected job market be like after upon graduation with a Masters in Behavioral Economics? I'm also considering Econometrics but Behavioral Economics holds my interest much more. Any advice is welcomed. +I mean, we are already seeing that scenario. My brother bought a house in Bay area around 8 years ago at 600k whose value is now double, but salaries haven't doubled in 8 years. So the people graduating and starting to work 10 years from now will be effectively gated away from ever purchasing a house? (unless it's a 2 person family with both having very good salaries) +Hey everyone, + +i recently read "The little Book that still beats the market" by Joel Greenblatt. While not taking it too seriously, I tried the screener since I was wondering what stocks would fit the criteria. I also used finviz screener with the parameters described in the book and got some similar stocks. + +As it turns out, roughly 70 % of the stocks on both lists are the stocks I already had on my watchlist or in my portfolio. Now I'm wondering if someone is investing with that strategy or has some experience with it. Looking forward to hear from you guys. +Like Peter Lynch says all the math you need you learn in 4th grade. He also says value investing is really about how much you can stomach. That being said, do you guys have any methods you use to keep your head straight when things go super red? I just started buying stocks last year and aside from one stupid play which cost me about 2.5k in losses, Iā€™ve been picking solid stocks and have faith in them. One thing Iā€™ve noticed is that I get psyched out when I find something decent and it starts taking off. Iā€™ve convinced myself now to put it on a watchlist for at least as long as it takes for me to do DD. What Iā€™ve found is thereā€™s far more things that have not panned out than that would have if I jumped on them. + +Overall Iā€™m disappointed in my loss but I definitely deserves it as I was playing it like a casino. I chalk it up as a stupid tax/lesson learned but in a way it is really good to learn that lesson early as I am only 23 and have time to make up for it. + +Basically if you find value how much do you gotta rush into it usually? +I figured the chewy taking over amazon talk was just hype talk. Anything to hype up GME. However, after getting a small pup and deciding to get my worm meds from Chewy due to discounts and prices, I've come to the conclusion that Chewy shits on Amazon in every way. If only they did Games huh? + +&#x200B; + +To my surprise, they save all my pets information, they actually call my pets vet to get my heart worm prescriptions (wtf), they fedex ship the meds free, they send daily updates during shipping, they announce when it arrives with discounts to your next order (with prices already lower than any place I've seen), and of course free returns if something goes wrong. I've never seen anything like it. Gamestop is in GOOD hands. If you have a pet, you know. + +&#x200B; + +\*edit. I keep seeing in the comments that Chewy sends "Random portraits of my pets made by hand." At first I thought this was a troll. But multiple people have now said it. Are you kidding me? They send hand paintings of pets from profile pictures? If this is true, that's the most insane (customer care) thing I have ever heard of. Wtf. +So my friend's dad in his 70's just had a "routine" heart surgery. The surgery didn't go so well and he wound up with some brain damage. Now the guy more or less has Alzheimer's and needs to be in a nursing home. + +His time in the hospital and ICU cost well over a million dollars (billed to Medicare), and his nursing home care is totally up in the air. Apparently Medicare doesn't pay for it, so his wife will have to work until she dies and be penniless to pay for it (even though I doubt she could afford it even if she did work). His kids, like most people in their 20's, are struggling to survive themselves. + +The scary part of this is that this situation isn't rare. As the largest generation of Americans, Baby Boomers, ages, you're going to have the same thing happening to everyone. Alzheimers, diabetes, heart disease, cancer, etc. are extremely common and they all result in complications and expenses just as bad as I'm describing. I'm talking million dollar hospital visits, combined with $80,000/year+ long term care costs. + +How in the heck will America pay for it? Baby Boomers are the largest generation in America, so we're going to be having the few pay for the many, when the many are going to be having ridiculous medical bills. To make matters worse, we're not talking about an affluent generation X and Y to pay for them. + +Because Baby Boomers are a huge group of voters, they will never lose their medicare benefits. We will be paying for them. That much is for sure. The only question is where the heck is the money going to come from??? + + +Ten years ago, August of 2010, at the age of 43, I started a Vanguard Roth IRA. It really wasn't until like 2005 that we were able to pull ourselves out of debt and start saving seriously (aside from the 401Ks at work). The next five years were spent getting an emergency account funded and so, 2010 was when we could finally start the Roth IRAs. A year later, my side business took off so I also started a SEP IRA. No, I haven't always contributed the maximum amounts. And I probably haven't always made the wisest decisions as far as how to invest, although my performance graph shows I've averaged 8% and that isn't too shabby. Today, I have almost $180K combined in those Vanguard accounts. Thought I'd share in case you need some inspiration to get that Roth started. There are times I start to feel bad, wishing we'd done this or that differently, but all I can do is keep learning and keep investing and do the best I can now. So I plan to keep plugging along with my investments and I can't wait to see what it looks like in another ten years! + +Edit: Thanks for the gold, stranger! +I want to get more fit since I am just a skinny dude, but spending money on gym freaks me out, since I am always short on cash. And also I am unable to get enough protein since protein powders and other supplements are way out of my budget, and meat is also no choice for me since it's costly too. What should I do, what do you guys suggest ? +And how do you keep up your fitness? + + +Edit- I have never expected this many answers, you guys are so helpful, thanks for your advice, I will start from tomorrow. +I will start with calisthenics and push-ups in beginning, thanks everyone šŸ˜Š. +I'm really not a fan of Peterson, but his argument about the inevitability of inequality, which he refers to as the Pareto Principle, is both fascinating and quite terrifying. + +His argument essentially goes like this: Within any given system, the gains from creative enterprise and improvements in efficiency/technology will always go to a small minority. The success of this minority will eventually compound, resulting in a system in which a tiny minority is exponentially successful, even though as a whole, the system progresses linearly. + +To me, there are a few implications of this law, if it is true: If the success of a small minority increase at an exponential rate, while as a whole the system progresses only linearly, the minority will come, eventually, to own nearly everything. We can see this trend in history and today, where 26 people own half the world's wealth \[1\]. Or within the US, 3 people own as much as the bottom half of the population \[2\]. This has to reach a breaking point. When wealth inequality gets high enough, the whole political economic system will become so unstable that it will come crashing down on our heads. + +In other words, the inevitability of inequality implies that revolution, or mass chaos and destruction is also inevitable. And we can also see this playing out in history. The Haitian revolution, the Cuban revolution, the French revolution, might all be seen as an effect of the Pareto distribution principle. + +&#x200B; + +What I believe to be the answer: Peterson says this law is inevitable, yet we can mitigate this effect by diversifying the "nature of the game" to make success more accessible, to more people. To me this means an utter decentralization of power and wealth, so that the parameters within which this inequality takes place are drastically reduced. If we believe this Pareto Principle to be true, the absolute WORST thing we can do is have a world which is globalized, interconnected, and interdependent; in such a world, this point of singularity, of saturation, where the system becomes unstable and breaks down, would lead to a catastrophe of apocalyptic scale. It is far better, not only for state to become self sufficient, but for cities and neighbourhoods to become the units of international relations. This way inequality is severely limited, perhaps so limited that it does not even become unstable. + +&#x200B; + +I would at some point like to write a scholarly essay on this topic but for the time being I'd like to hear some thoughts on my thesis, and specifically the Law on which I am basing it. + +&#x200B; + +1. [https://www.theguardian.com/business/2019/jan/21/world-26-richest-people-own-as-much-as-poorest-50-per-cent-oxfam-report](https://www.theguardian.com/business/2019/jan/21/world-26-richest-people-own-as-much-as-poorest-50-per-cent-oxfam-report) +2. [https://www.scmp.com/news/world/united-states-canada/article/2119052/three-richest-people-us-own-much-wealth-bottom-half](https://www.scmp.com/news/world/united-states-canada/article/2119052/three-richest-people-us-own-much-wealth-bottom-half) +When COVID hit, markets around the world rewarded digital stocks disproportionately since these companies benefited most from people staying at home. + +My rationale is that as lockdowns keep getting lifted and people go out again, companies whose businesses rely on people going out will see successively better financial performance every quarter and will be rewarded by the market - Travel and Entertainment should see the biggest impact of this. + +EIH hotels (i.e. Oberoi Hotels Group): Was consistently traded in the 170-180 range right upto the start of 2020. Hit a low of 60 in May 2020 and is now nearing 100 which is still at 80% discount to pre-COVID. Current P/B ratio is 1.9 so seems undervalued relative to other hotel companies. Pre-COVID qtr revenues were 400-500 Cr with pre-tax profits crossing 100Cr every Dec quarter (this is the peak time for travel - Diwali, Christmas, New Year etc.). This Dec Qtr they clocked 194Cr Rev and made a loss of 55Cr. They have taken on some debt in the last quarter but D/E is still 10% and assuming that revenue keeps recovering this year, the interest bill will be very comfortably covered. I expect that there will be Q on Q revenue recovery and by Dec 2021 they should be showing massive growth in revenue and profits over Dec 2020. More anecdotally, they have great properties and are well known as one of the top luxury hotel brands in India with good balance sheet strength. I got into this stock at ~92 and see a solid upside. + +Any counter perspective? Do you guys agree? +Hello, + +Last week N26 blocked my account and cards without any notice or any explanation, i kept constantly chatting with them in the live support to at least get a reason why, they told me to wait for an email. + +and this morning i got this email: + +Cancellation of your account------------------------------------------ + +To ensure our customersā€™ privacy and account safety, we are obligated to run routine checks on accounts and transactions. + +As part of these checks, we have identified irregularities that require us to terminate your N26 account pursuant to the Termination Clause of the Terms and Conditions of your N26 account on an extraordinary basis and without prior notice. + +This termination is effective immediately. Usage of your N26 account, app, and card is no longer possible. + +It is currently not possible to withdraw the remaining balance on your N26 account. Please send us proof of the origin of the funds through appropriate receipts. We will then assess whether a payout of the remaining balance is possible. This information may be emailed as a scan or photo. + +If you would like to continue correspondence via email, weā€™ll need your express consent. Therefore, **please reply directly to this email with the above information** within the next 14 days and include the following statement: + +"I authorize N26 Bank to email me my personal data". + +Please note that you can revoke your consent to the transmission of personal data by email at any time. In this case, we will only communicate by post. Itā€™s important to note that the transmission of your data by post is usually more secure. Please contact us for more information. + +Thank you for your understanding. + +One last thingā€”youā€™ll need to request your N26 data or your Statement of Fees information. You can request this for up to six months after your account closure, but we recommend doing it as soon as possible. + +\---------------------------------------- + +I don't get which irregularities they detected, i never done anything suspicious, i'm a student and i have scholarship so i get monthly payments, and also every now and then my family sends me money to my Paysera account and then i transfer it to my N26 account. + +I could easily give them proof of the scholarship, but what about my own transfers from Paysera, how can i prove that ? anyone faced a similar issue ? + + +UPDATE: for anyone wondering, i sent them proof of funds (scholarship contract and account statement of my Paysera account from my own transfers) and they accepted it and got my money back in a week or so +My own interpretation of a stock broker is someone who sits on a phone and watches the market go up and down on their computer screen cold calling people or receiving calls from desperate investors. Let's say the investor does what the broker says and buys' a share... now how does the broker make profit?? +When I turned 18 I was homeless, jobless and sleeping in the bushes of parks. An old family friend contacted me to ask if I wanted to go camping and little did I know that this camping trip would change my life. I met the employees who worked this park and many of them shared my struggles. After telling them about my situation they told me I should apply for a job at this certain National Park. It provided housing (no deposits) and rent would be taken out of my first paycheck. I had $10 to my name at the start and left with a couple thousand. Working at state parks, national parks and ski resorts (seasonal gigs) saved my life. All happened on coolworks.com baby! (I swear I have no affiliation with them) + +Iā€™m also not gonna sugar coat it, you have to be brave and willing to travel but letā€™s be honest- being dirt poor already requires bravery. These types of jobs are baseline but fun- you meet people from all over (networking) and it doesnā€™t usually require a car. All you need is the means to get to the place. A lot of companies provide shuttle rides to get necessities. Right now is the time to do it too! International workers arenā€™t coming in because of c0vid and from what Iā€™ve heard you probably will get your own space too. + +These are all ingredients to getting yourself back on your feet and making some friends along the way- did I also mention- usually in very beautiful places? they pay off not only financially but emotionally too if only youā€™re willing to save up and drop some comforts. + +Edit: u/cupcakepnw corrected me. I meant to type out coolworks.com +https://www.bloomberg.com/news/articles/2020-02-10/holmes-challenges-u-s-charges-over-theranos-patient-blood-tests + +and + +https://www.cnbc.com/2020/02/10/elizabeth-holmes-attorneys-ask-judge-to-throw-out-theranos-fraud-case.html + +For anyone somehow out of the loop on the company and why they are well known: https://en.wikipedia.org/wiki/Theranos +Hi all! I am 28 years old and bring in about 60K after taxes. I have been saving and saving for a down payment and it seems like I might have missed the "sweet spot" in the market. I am purchasing alone, by the way. + +My goal was to put 20% down on a house (ideally about 300k). I started working with a realtor about 6 months ago and every offer I made was rejected because I was getting beat out by all-cash offers or people offering $15-$30K over asking price. The realtor said I needed to consider dropping my down payment to 10% and throwing that extra money as a higher asking price and I just couldn't stomach that. I might need to get over this mental block if that's just how to market is going to be. + +I'm a first-time buyer and the other buyers around me are waiving inspections like no one's business, willing to adsorb the appraisal (not sure if I'm phrasing that right) and overall I just am not sure how I can compete. + +After this experience, I decided to pump the breaks and save more but the longer I wait, the more housing prices increase. It feels like I'm in a hamster wheel. + +Also, I'm very lucky because I live in a studio on my parent's property and they only charge me $350 a month so there's not a huge pressure to move ASAP--just that I would really like to have my own space. I have been living with them for 3 years as I work on saving. + +Anyone else in a similar position? Thoughts or advice? + +Edit: sorry, I also meant to say that this money is currently in a HYSA which is not bringing in a ton of interest. I'm nervous to put it into stocks in case I need it soon but maybe it's time if this housing market is going to be like this for a while? + +Edit #2: Thank you all for the feedback so far! To answer a few questions I've seen come up: I am in Central California and would like to stay here if possible due to family and a hospital in the Bay Area that specializes in a connective tissue disorder that I have and will continue to need open heart surgeries for. +I do not have any debt. I have $30K in an IRA and an additional $15k set aside for emergencies. + + + +I FIRE'd about 18 months ago, with expected buying power of ~45K/year. Last month I decided I wanted to do a few fatFIRE things, so on a lark I texted my old boss and asked if he was interested in me returning. He said yes. + +And then the bottom fell out of everything. + +Random thoughts: + +* I'm down ~33%. This puts me on the upper end of leanFIRE territory. Another 33% and I'd have had to get a job anyway, just to avoid chewing my savings completely out of FIRE territory. + +* Happily, I wasn't wrong about my value to my former company. I asked to resume at my old salary, which was very high, and that was accepted without negotiation. + +* I did negotiate away the things I hated about my job before, so I don't expect to hate it now. I told my boss I was expecting to work maybe 3-5 years. + +* I can work from home, which is ideal. My industry is not directly affected by covid-19, although it does depend on consumption in general. I expect job security for as long as I want to remain. + +* I'm very risk tolerant when it comes to the market, so I'm hardly phased at the loss of value. I'm not even certain it'll come back at all. + +* I have very little confidence that anyone knows what the world will even look like in 20 years. For this reason I see little point in stressing about it. We'll roll with things as they evolve. I've been poor before and I'm not afraid of it. + +* I'll go back to maxing my 401K, HSA/etc, but I'm not going to save aggressively like before. Instead I'm going to travel to some exotic places (assuming they ever fly a plane again), and buy myself some very nice toys. I mainly just want to avoid selling in this market, in case it ever springs back. +I can't even get anyone to upvote any of my posts or comments even when I hold a proper conversation with someone on this sub. I'm not salty, I'm genuinely interested. Do these people just post on this sub 24/7 or what??? + +Edit: thanks for the award(s)!!! +&#x200B; + +https://preview.redd.it/zfdj0ax2gr971.png?width=1600&format=png&auto=webp&s=e282525a136a7d36a6f9f4606924b90ce3f98d0c + +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/ie5djvg5gr971.png?width=680&format=png&auto=webp&s=137fd902420ae0c303c480910ee16f1d6319f65c + +&#x200B; + +&#x200B; + +[me irl atm](https://preview.redd.it/9vvet6yggr971.png?width=900&format=png&auto=webp&s=8e49eae16bda56688cf8e726da086946bb4c27cd) + +The reverse Repo's + +&#x200B; + +https://preview.redd.it/t3os97pcgr971.png?width=640&format=png&auto=webp&s=ecb7397afe346ef086b04a67dc8c5fdd4bda02a7 + +# GME Form 4 07-06-2021 + +&#x200B; + +https://preview.redd.it/8zxe1z98hr971.png?width=960&format=png&auto=webp&s=13f9601dea2ff08d937b67fd8c10c0f49bbdb6a6 + +[https://gamestop.gcs-web.com/node/19081/html](https://gamestop.gcs-web.com/node/19081/html) + +Matt Furlong got 72,678 Shares These shares are Vested shares like usual + +These shares represent restricted stock units issued to Mr. Furlong by the Issuer. The restricted shares are scheduled to vest as follows: 5% on the first anniversary of the grant date, 15% on the second anniversary of the grant date, and 20% on each of the dates that are 30, 36, 42 and 48 months following the grant date, subject in each case to his continuous service to the Issuer through the applicable vesting date. + +&#x200B; + +https://preview.redd.it/yrdcesksjr971.png?width=225&format=png&auto=webp&s=d8cef0ee83ccd00247321ad2ec22fc9dc5d2afd5 + +# The GameStop Discord + +Gamestop launched their own Discord yesterday, and I've seen some issues surrounding that, but I just want to reiterate. + +GameStop's Discord is for gamers, not stock investors. + +Please let the discord be about gaming alone, otherwise they'd most likely close their discord and I feel like creating a Gamestop discord is a step in the right direction imo. + +&#x200B; + +https://preview.redd.it/71wekcpjjr971.png?width=708&format=png&auto=webp&s=ff160f897af3c7ac55c2f4c6d911483a54e935cd + +# NFT stuff + +Again some people don't understand what the hell nft's and crypto's do, I am one of those people, for me it's like magic internet money. but there is an entire thread [here](https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Gamestop will announce their own crypto and how to get it, don't trust random coins on the web, trust GME to inform us around the 14th or so, don't trust rando coins. + +[Magic beardy man is surprised](https://preview.redd.it/yrqm25ieir971.png?width=1242&format=png&auto=webp&s=d97812fe5100c1e78461b8352c81da3bd335ee13) + +# The Reserve Bank of Australia announced today that it would taper its Quantitative Easing. + +# + +https://preview.redd.it/lbmuqvtjir971.png?width=640&format=png&auto=webp&s=d87598972f9d61971b2bddf44104e75d66b4da49 + +The Reserve Bank of Australia announced today that it would taper its Quantitative Easing (central bank purchases securities from the market in order to increase the money supply), by reducing weekly purchases of government bonds by A$1 billion a week, to A$4 billion a week. + +as u/Dismal-Jellyfish **wrote:** + +The Bank of England [announced in May](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2021/may-2021) that it would reduce QE, winding down the bond purchases from Ā£4.4 billion a week to Ā£3.4 billion a week. + +The Bank of England denied that it is reducing QE, calling it an ā€œoperational decisionā€ that ā€œshould not be interpreted as a change in the stance of monetary policy.ā€ + +The reason this does not count, [according to BoE governor Andrew Bailey at the post-meeting press conference](https://www.morningstar.com/news/marketwatch/20210506583/bailey-says-reduction-in-bank-of-england-bond-purchases-isnt-tapering-markets-seem-to-agree), is that the BoE didnā€™t change its ā€œfixed amountsā€ of its overall QE target of Ā£895 billion, itā€™s just buying less per week to get to this target. + +&#x200B; + +Seems like they are bracing for inflation, there may be more banks out there taking action right now but we may have overlooked + +&#x200B; + +https://preview.redd.it/cfo05h32kr971.png?width=500&format=png&auto=webp&s=00e43e962e35dd147c3e5e754431ef94f5c00625 + +# Unlocked Institutional Holdings per 13F/NPORT filings Update: 7/6/21 (Source: [Fintel.io](https://Fintel.io)) + +written by [u/d2blues](https://www.reddit.com/user/d2blues/) in his thread [here](https://www.reddit.com/r/Superstonk/comments/of7smj/unlocked_institutional_holdings_per_13fnport/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It seems to me that this shows that institutional holders have... 39 million shares. + +this feeds my bias so fucking hard. + +&#x200B; + +https://preview.redd.it/qqohvvj3kr971.png?width=554&format=png&auto=webp&s=70a17e3d896795d27acd2ba9bb183816753e0e74 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/ja4hmhd5kr971.png?width=400&format=png&auto=webp&s=3c990d76396a9d034f2cc02b70cbf637416f70f5 + +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; + +Sorry for being a bit later today guys + +&#x200B; + +https://preview.redd.it/tbrfmhhtmr971.png?width=4096&format=png&auto=webp&s=0283c7d9d9eb053117678c6ea14cab1377a6c697 + +Short volume by Annihilationgod. + +Also the Trading beans showing you the options chain for free + +[https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg](https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg) + +Thank you to Turdfurg23! +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/edyt4p4xjo271.png?width=1426&format=png&auto=webp&s=4b0e3095dcb23e3a19183f9f81cac69e004d94bd + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ¶šŸŽ¤šŸŽøšŸ„ šŸ¦Welcome to the JunglešŸ¦šŸ„šŸŽøšŸŽ¤šŸŽ¶ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $249.02 + +Open Price: $233.51 + +Daily High: $254.95 + +Daily Low: $227.07 + +Volume: 9.35 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# āœšŸšŒ GME 101 šŸŽšŸ– + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull's $GME rating 06-01-2021](https://preview.redd.it/yx44si56dp271.jpg?width=1079&format=pjpg&auto=webp&s=2cf3586300412671d3e92158cc7934cc100c10ca) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ® Game Stop šŸ›‘ + +&#x200B; + +**If you haven't yet, you need to read** [**this VIP (Very Important Post)**](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) **by** u/redchessqueen99\*\*. Every ape must read!\*\* + +&#x200B; + +https://preview.redd.it/xkrglcsfxo271.png?width=2084&format=png&auto=webp&s=0214e588471e036a282ed27436896ac68b16afaa + +So last night we kicked off **SATORI, our shill detecting AI.** + +&#x200B; + +# Here to answer ape's questions is our wonderful ape-bassador, u/Bradduck_Flyntmoore with this awesome TL;DR FAQ: + +&#x200B; + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. šŸ™ + +&#x200B; + +**Q**: I haven't been approved yet, does that make me a shill? + +**A**: *No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.* + +**Q**: What if the new bot overlords get carried away? + +**A**: *I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.* + +**Q**: How long will it take Satori to get through the waves of approvals? + +**A**: *Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.* + +**Q**: Does Satori work retroactively or will it just look at the content on Superstonk moving forward? + +**A**: *Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.* + +**Q**: How does approval work? Do I need to do anything? + +**A**: *Just sit back and relax. Approval will come automatically; no action is required.* + +**Q**: Why was Satori approved without unanimous approval from the mods? + +**A**: *This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.* + +**Q**: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned? + +**A**: *The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.* + +**Q**: What sort of transparency exists between mods for how Satori is used? + +**A**: *All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.* + +**Q**: Will Satori continue monitoring users after they have been approved? + +**A**: *Yes. Yes it will.* + +**Q**: If Satori is going to be banning users, should we expect to see a drop in membership? + +**A**: *This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.* + +**Q**: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.? + +**A**: *The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.* + +**Q**: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)? + +**A**: *This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.* + +**Q**: How do I know if I am approved? + +**A**: *Apes will receive a notification saying as much.* + +&#x200B; + +[ Satori \(覚, \\"consciousness\\"\) in Japanese folklore are mind-reading monkey-like monsters \(\\"yōkai\\"\) said to dwell within the mountains of Hida and Mino. ](https://preview.redd.it/arhuulwo7p271.png?width=389&format=png&auto=webp&s=9b2c2d68cb30f1883cdcf61c628ef2c0b53b6579) + +Back to u/Pinkcatsonacid šŸˆšŸ¦„ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# THE RETURN OF THE KING- DFV TWEETS AGAIN + +&#x200B; + +It's been 6 weeks. + +&#x200B; + +**The Kitty Has Been Watching** + +[The Kitty has been watching us the whole time](https://preview.redd.it/ypporfm3ap271.jpg?width=1080&format=pjpg&auto=webp&s=693fb1d3b75e16b1bd09d00c64d46811a6662b72) + +&#x200B; + +In the video of the comeback tweet, a cat is seen perched, casting an ominous shadow behind him, while *O Fortuna* plays in the background. + +u/tropicalsecret translated the lyrics for us: + +*O Fortune, like the moon you are changeable, ever waxing, ever waning, hateful life first oppresses and then soothes as fancy takes it; poverty and power it melts them like ice fate ā€“ monstrous and empty, you whirling wheel, you are malevolent, well-being is vain and always fades to nothing, shadowed and veiled you plague me too; now through the game I bring my bare back to your villainy fate is against me in health and virtue, driven on and weighted down, always enslaved. so at this hour without delay pluck the vibrating strings; since Fate strikes down the strong man, everyone weep with me!* + +&#x200B; + +**OUR KING KITTY HAS RETURNED šŸ‘‘šŸˆ** + +&#x200B; + +šŸš€šŸš€šŸš€ + +&#x200B; + +**Breaking Through the Floor** + +[John Wick prepares to fight back](https://preview.redd.it/2m46chtkap271.jpg?width=1080&format=pjpg&auto=webp&s=1a7c08ac3d495bab67c61e67d037bec910055751) + +[Here is the scene for context.](https://www.youtube.com/watch?v=52Ikr4574fM) + +&#x200B; + +John Wick had his ass kicked. His dog killed. He was down and beat. And this is the scene where he decides to fight back. And he breaks through the floor to find his weapon- the pencil. + +&#x200B; + +šŸš€šŸš€šŸš€ + +&#x200B; + +&#x200B; + +[\\"... you're locked in here with me!\\"](https://preview.redd.it/yqqakg4cgp271.jpg?width=1080&format=pjpg&auto=webp&s=7673e7d9b7eb557119de7f2648153e424b32d8f2) + +&#x200B; + +Self explanatory, I think. + +&#x200B; + +[pls stay with us](https://preview.redd.it/ifdy8l5njp271.png?width=512&format=png&auto=webp&s=b050a60e98bf97459c2c319d64b1595a60bd453a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan and [u/RiverJumper84](https://www.reddit.com/user/RiverJumper84/) + +&#x200B; + +u/BodySurfDan [**dropped another bop on us with lyrical flow that will make you dizzier than Death Spiral Financing.**](https://www.reddit.com/r/Superstonk/comments/npts59/get_jacked_good_lord_gamestop_the_gamestop_saga/) + +&#x200B; + +[me](https://preview.redd.it/zlyfmuy7fp271.jpg?width=1080&format=pjpg&auto=webp&s=a0919e6196c9627bb1e3c07728c55e92bc4f407d) + +How many times did I bump this while driving around this holiday weekend?? More times than my family can quite understand. + +&#x200B; + +[u/RiverJumper84 **is repurposing old Gamestop commercials.**](https://www.reddit.com/r/Superstonk/comments/nokxvf/im_repurposing_some_of_gamestops_old_commercials/?utm_medium=android_app&utm_source=share) **Get a hit of humor and nostalgia with these masterpieces.** + +He's doing a series so check that out! + +&#x200B; + +*This is the most creative and amazing community. I'm so proud of the art apes make every day! You make the sub, and the world, a better place! šŸ’Ŗ* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lucy Komisar and Wes Christian AMAšŸŽ¤ + +&#x200B; + +**Tomorrow we will be welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/h6y6nt1qkp271.png?width=170&format=png&auto=webp&s=daf79a5cb171c64fe5bebdaf8d8520ef5e7a5245) + +The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale. + +&#x200B; + +[There is still time to submit your questions in the official thread!](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# [Tune in tomorrow- Wednesday, June 2, at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/c/Superstonk/featured) + +&#x200B; + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/0mdo7wjmkp271.png?width=1542&format=png&auto=webp&s=0a41910a51cf988dfcb12e972f41fb7fc8c278df) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +&#x200B; + +Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares. + +We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us. + +By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end... + +There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation. + +&#x200B; + +https://preview.redd.it/kjx3hmccqo271.png?width=1000&format=png&auto=webp&s=c1909cbc65550b7246a59426796b41022f37f517 + +And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions. + +&#x200B; + +**There is proof that this works, as we are receiving news that** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) **and** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.** + +&#x200B; + +[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/) + +&#x200B; + +[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +[Meme credit u\/PikePies](https://preview.redd.it/k0bxwrzvap271.png?width=720&format=png&auto=webp&s=bb47d5d166d66b9ddfa0864f14ddd4baec53d191) + +&#x200B; + +**Comment ! apevote ! (without spaces) to receive your custom voted flair!** + +&#x200B; + +&#x200B; + +[Credit: u\/OfficialRedditMan ](https://preview.redd.it/vuod38t9pp271.png?width=960&format=png&auto=webp&s=f08d4a6412863d95600bb3a004f6cd53282f57c3) + +&#x200B; + +If you lost your custom flair teaching others how to get the voted flair, thank you for your service! We do flair threads every Friday, and u/Bradduck_Flyntmoore does wild flair threads all the time! + +&#x200B; + +Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) šŸˆšŸ¦„ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat šŸ’–šŸˆ + +&#x200B; + +So Red's post also addressed the fact that myself and u/Bye_Triangle have been promoted to full Admin Mod positions. This means we have equal mod permissions to u/redchessqueen99 and u/rensole. Red and Ren discussed the matter privately, then approached the mod team for a vote. I know I can speak for both Bye and myself when I say I am humbled and truly honored at the responsibility given to me. Honor is a big deal to me personally, worth much more than money or even $GME. + +&#x200B; + +I won't speak too personally here, but I want you all to know a little more about one of the apes you have representing you and fighting for the cause. I love reading the motivation posts and knowing every ape's personal reason for HODLing. This is mine. Feel free to skip if you don't like the fluff stuff. + +&#x200B; + +I would like to share with you all here and now, that as a Native American woman, my story goes deeper than just GME. My personal motivation in the GME saga is not only because I love the stock and think it's going to change the face of retail, especially with RC involved.... and not only to enrich the lives of my family and change the system.... but I also hope to bring water back to my tribe- both literally and proverbially. I have intentions to completely change the lives of my registered tribe and all indigenous tribes after the Tendieman comes. This isn't an attempt at being political or anything, I hope it isn't received that way. I just feel compelled to share this with you as I'm appointed to help steer this ship. This is so much bigger than Gamestop. And you have my word, on my honor, that I will fight for every ape and do every one of you proud in this position. + +&#x200B; + +**They've criminalized our free market.** + +**They've shorted the very foundation of our financial system.** + +**They've robbed the Treasury.** + +**They've taken our businesses.** + +**They've taken our homes.** + +**They've taken our families.** + +**They've taken our land.** + +**They've taken our water.** + +**They've built this system on a House of Cards.** + +**And now, the people fight back.** + +&#x200B; + +As our friend u/StonkU2 always says, + +# Profit to the People, Power to the Player. āœŠ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ‰HYPE WEEKšŸŽ‰ + +&#x200B; + +**Monday**\- NYSE Closed for Memorial Day + +&#x200B; + +**Tuesday**\- DFV TWEETED- THE KING IS BACK!!! + +&#x200B; + +**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern! + +&#x200B; + +**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern + +&#x200B; + +**Friday**\- Take your protein pill and put your helmet on. šŸš€šŸš€šŸš€ + +&#x200B; + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +https://preview.redd.it/zxfi7po1ko271.png?width=1600&format=png&auto=webp&s=f68c0bdaad9ae771c712bdcf29b0220b7d384909 +Hey all. Howā€™s everybody doing? + + +What an absolutely surreal experience. + + +Satori has now been live officially for 36 hours, and quite honestly the process has vastly exceeded our expectations. We cannot express the level of joy and validation that weā€™ve received over the past 2 days in being able to interact with you while weā€™re all riding on the back of our Mind-Reading Monkey Friend. + + +We know that thereā€™s still so much coming, and we have absolutely no intention of resting on our laurels (other projects are already under way.) We did, however, share an absolutely delightful moment as a team earlier thinking of the emergency meetings that were called today because of us. I donā€™t know if thereā€™s a direct translation in Ape Speak for schadenfreude, but whatever that word is, we were swimming in it today. + + +The team wanted to take a moment to review whatā€™s happened, and give some additional clarification about our initial reveal. + + +Weā€™re still collecting specific data about the impact of Satori's activation, and therefore I canā€™t offer quantifiable evidence to say that we know that thereā€™s a difference made already. However, from the number of posts, comments, and messages weā€™ve received about people already noticing a difference have been hard to pass off as simple happenstance. The feel of the entire sub has changed, and you Apes deserve so much of the credit for that. We sincerely hope that the results of our labors will continue to support your trust in us. + + +Iā€™d forward you all to the F.A.Q. section that was curated by u/Bradduck_Flyntmoore about Satori in todayā€™s Jungle Beat by u/pinkcatsonacid. The majority of concerns have been covered there, and the dev team would like to extend a special thanks to u/Bradduck_Flyntmoore for curating that process on launch night. We werenā€™t sure what exactly to address in our original statement. Now that weā€™ve been able to gauge how our announcement has been received, two things have stood out that we feel need additional information and clarification. + + +At its core, Satori is an information gathering system designed to expedite the process of moderators identifying bad actors within the sub. While some of the steps have been automated through Reddit for ease of implementation, Satori by itself is incapable of acting autonomously. It merely ā€œreads minds.ā€ The decisions on how to enforce based on the information Satori provides lies firmly in the hands of the Mods. Satori, as a system, cannot moderate without the direct assistance of a real person making the choice to utilize its information. In the same way Mods are accountable based on the Mod Log, all information gifted by Satori is trackable and reversible as necessary. Nothing is being done without significant oversight by the established leadership structure of the sub. + + +Approved status only means that Satori has not detected known shill activities on your account. It is not an endorsement. It is not to be used like ā€œtrust me I'm an approved user.ā€ It simply means that the specific account has yet to behave shilly. Do not associate it with an additional level of trust. Be just as skeptical as you have been to this point. + + +Satori has only started giving approved status. This process will take time. The list is very long and almost every single ape will be approved. Don't fucking go Star Bellied Sneeches on this. The order in which Approved status is being distributed has been completely arbitrary, aside from DFV after his first tweet yesterday. He got the special treatment. Mods will also be manually adding names to lists for Satori approval if they can spare the time, but everyone else will have to wait. Please do not harass the mods with requests as there is already a lot on their plate. This should not be a point of division, but rather unity. Citing Satori in ways that drive FUD into the community is a shill strategy, so call that shit out. + + +What does it mean to be Approved? Simple: you bypass the karma and age requirements. This means you do not need to karma farm in order to meet the new requirements. Actually, this should allow more Apes to participate while still protecting the sub overall. + + +Our time in the last months has been dedicated to preparing for launch, and we have not discussed what we will be doing with Satori afterwards in any significant detail. I would ask you all to consider this: every member of our development team holds shares in GameStop. Weā€™re all in possession of the most valuable asset on the planet already. We like the stock. Weā€™re aware that weā€™re currently fighting one of the most corrupt systems on the planet; one based on greed, exploitation, and discrimination. We know the lives theyā€™ve ruined for their own gain. We have absolutely no intention of letting what weā€™ve created be utilized by established powers to continue to abuse and exploit others. We know what having this type of technology in the hands of common people can mean, and we want the legacy of Satori to be one that we can be proud of for the rest of our lives, and for the ape community to feel the same. + + +Finally, thereā€™s been several posts Iā€™ve personally commented on that have raised a very, very vital point. Satori is, by definition, a reactionary entity. It can only identify what it knows to be a threat. Weā€™ve spent three months working to make sure it has a very clear understanding of what all the threats to this point have been, but there will be new tactics, new shills, and new threats, so we will continue to need your help. The more insight we have about what moves the shills are making, the better Satori is going to be at identifying them. Satori will guard our flanks, and this means Apes no longer have to worry about anything besides identifying new strategies in order to keep Satori primed and ready for anything. Stay vigilant, and report things that seem contrary to ideal or normal Ape behavior. Give Satori your energy - get it to power level 9000. Satori is a direct result of the collective efforts of Apes over the past four months, and it will continue to be powerful as long as we maintain it as such. In a way, it is our collective consciousness. We are Satori. + + +Buy. Hold. Vote. Fight. + + +T.L.D.R. +What a fucking great day. + +Hedgies are angry, confused, and fuk. + +Satori is a powerful tool to be used by Mods, nothing more + +Every member of r/superstonk will be Approved. + +Approved status is not an endorsement. + +Using Approved status to divide is shill behavior. + +We will not allow Satori to be used to further oppress already oppressed populations. + +Satori is as powerful as we make it. + +Donā€™t get complacent. + +This community rocks so fucking hard. + +We. Are. Satori. + +Edits: formatting on mobile +* Donā€™t tell people to hold the line. + +* Encourage newbies to periodically profit take. Also take profit yourself. + +* Donā€™t blame the system if you buy the ATH and other people take profit. + +* You wonā€™t time the top perfectly, try to aim within 10-20% of the top. + +* **Donā€™t get emotionally attached to the stock**. The stock doesnā€™t even know who you are. + +* If you buy in because a stock did the same thing 3 days in a row, donā€™t get mad if it doesnā€™t do the thing a 4th time. + +* If you donā€™t have an exit strategy for your FOMO position, you are **guaranteed** to lose money. If you did not get in on the ground floor, your profitability window at the top is much tighter. + +* If you wouldnā€™t enter a stock/option at the current price, you shouldnā€™t be holding at the current price. + +Edit: You can be a degenerate gambler and still do all of this. Now go MAKE money you special ed dropout. + +EDIT2: I am getting messages accusing me of being a hedge fund shill. I shouldn't have to defend that I'm a real person who shitposts on this sub. This post is not intended to tell you to sell your position in any stock. Just calling out some bad things I've been seeing since a certain mall-based specialty retailer took over discussions in this sub. +https://www.cnbc.com/2019/08/15/japan-surpasses-china-as-largest-foreign-holder-of-us-treasurys.html + +Japan surpassed China as the largest foreign holder of U.S. Treasurys in June. + +Japan has $1.12 trillion Treasury securities, and China, $1.11 trillion. +I work at a church part-time, and today they had all these carts full of snacks out to distribute to volunteers (not employees like myself). + +Needless to say, when everyone left, I stuffed my sons backpack full, my pockets, and jacket. + +A bit of relief for the week. I feel ashamed but at the same time... Iā€™m glad my son has something enjoyable to eat tonight other than marinara and pasta. + +Edit: I didnā€™t think this was going to catch fire like it did. I appreciate all the feedback and love/advice. I approached the staff and told them what I took/offered to pay it back, they said absolutely not. The ladies came together and handed me nearly $300 for groceries, offered more hours of work, and to please take what I need and to not feel ashamed about my situation. Needless to say I cried a lot out of gratitude today. And relief. Havenā€™t felt that much love in a long time. + + +Honestly when you do the maths for FIRE (Financial Independence, Retire Early), the numbers just look insane. + +E.g. If you take an average income of Ā£30k and wanted to replace that enitrely with income earned from investments than that means you'd need just about Ā£1mil invested in the stock market if you go for a 3% withdrawal rate. + +I really dont see how this is actually achievable unless you save & invest Ā£2000 every month for 20 years. +Currently 23 with about 20k liquid cash and a government job working remotely. I've seen a few places in the eastern part of Virginia around the Hampton area that are relatively cheap 30-50k (while also not being in the ghetto). + + +I make around 3400 after taxes a month, I've been able to save close to 2k a month after rent and other expenses alongside maxing out my Roth. + +Would it make sense to buy a place or take a small mortgage (for the credit boost I suppose) just to reduce overall costs? Most apartments in the area are ridiculously expensive for what you're getting and the rent goes up too much every year from what I'm told. + +The plan is for this place to be temporary, maybe 5 years max til I save enough to move up to Maine near Portland. Use the lessened travel time to save money and headache. + +I don't plan to resell it for a profit like everyone else, just have it long enough then sell it and move on up. +I was recently talking to my dad about finding stocks that payout dividends and he told me that stocks usually payout 15% dividends, but said that 7% payouts would be pretty good for now. I went to check and saw that a lot of popular stocks have a dividend yield of 0.10%-3% , and stocks with a yield closer to my dad's estimates seem to be companies which stock value have been going down. + +So i wanted to know if dividend payouts at this amount is normal? +Iā€™m 22 and been away from college for 2 years now. Iā€™m technically a freshman. Everyone I know has fully graduated by now and itā€™s killing me. I feel like such an outcast and a failure. + +How are they doing it??? Just taking out big loans and hoping for the best? Wonā€™t they get screwed over? + +I want to go back. SO badly. But I still have 3k in loans right now. The loans are so hard to pay off. +Does anyone else wake up on Sunday with an internal gut feeling of anxiety for the work week to come? Even with a US (3) day work week, I always feel my Sunday has a cloud over it. I can never fully enjoy the day as Iā€™m already worried about everything I have to do this upcoming week and even more worried since itā€™s a short one, since I have to rush everything. + +Every Sunday Iā€™m reminded the freedom FI and potentially RE would give me. Itā€™s a weekly shove to trust the process and stay on the course. + +Iā€™d imagine my Sundays would eventually feel like Friday nights, where I can know I control the week ahead. + +Oddly enough I even like my job/coworkers and industry, itā€™s just the pressure of being forced and obligated to do certain things. + +Cheers to everyoneā€™s journey, letā€™s keep our eye on the prize. + +šŸ‘ŠšŸ¼ +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). +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! + +Update 60mins after this post/my complaint: + +The bank just cancelt ~~sent me my missing~~ the 9k+ā‚¬ with valuta-date of 25.07 without any further notice. + +In parallel i contacted the national tax department and they will definitly follow up directly with the bank + +\------ + +I wrote the bank and requested to undo the 9kā‚¬ Tax charge ([https://www.reddit.com/r/Superstonk/comments/wdgxhk/system\_is\_broken\_my\_bank\_just\_charged\_over\_9k/](https://www.reddit.com/r/Superstonk/comments/wdgxhk/system_is_broken_my_bank_just_charged_over_9k/)). + +Their answer: + +&#x200B; + +>Das Event wurde nun als Stockdividende zwingend gemeldet (s. [https://gamestop.gcs-web.com/stock-split](https://gamestop.gcs-web.com/stock-split)) und deshalb mussten wir den Split stornieren und nun als steuerpflichtige Stockdividende abrechnen. + +&#x200B; + +english: + +>The event was now mandatorily reported as a stock dividend (see [https://gamestop.gcs-web.com/stock-split](https://gamestop.gcs-web.com/stock-split)) and therefore we had to cancel the split and now account for it as a taxable stock dividend. + +&#x200B; + +sounds good to me - however i am not willing to pay 9 fucking thousand eurones. + +I gave them a deadline until today to undo this TAX nonsense, as it is cost neutral - if they wont do it, i will reach out to the ESMA ( *European Securities and Markets Authority* ) + +&#x200B; + +I keep you guys updated +Half the posts on this sub were fucking loss or gain porn pictures you absolute morons. Iā€™ve never judged yā€™all for your sexuality but man this has to be one of the most shit for brained decisions Iā€™ve ever seen on Reddit. Do you think this sub grew 10x in the last two years because of the quality DD text posts on here? Jesus fucking Christ you absolute dolts +Sup fellow Apes, + +Let me first say Iā€™m a basic AF ape. Iā€™m only 8 months old for goodness sakes. + +Iā€™m out here in the old RV, not able to sleep through the witching hour, melting crayons in my coffee and thinking about our favorite stonk. + +Iā€™m not going to pretend I understand all the ins and outs of the potential ETH NFT dividend. + +But I think itā€™s outrageous that GME or any other company would have to execute extraordinary measures, 4D chess moves or stick bananas in tailpipes in order for their value to be accurately reflected in the market. What planet are we on (for now)?! + +Please do not mistake my sentiments as a lobby against GME making any such moves. Not what Iā€™m advocating. + +I 100% trust in RC and the rock star team assembled at GameStop. And I imagine the NFT dividend and related technologies are integral to GMEā€™s business plan and future. So again, do your thang RC & Co. + +Iā€™m just frustrated that GameStop canā€™t just focus on being the best company ever; theyā€™ve got to do that AND consider how to navigate this absurdly corrupt financial landscape and uphold their responsibilities to shareholders. As if the first isnā€™t difficult enough. + +And I canā€™t wait to one day sit back and say to myself, ā€œthose crazy MFs actually did it.ā€ + +What Iā€™d really like to see is the SEC and GG come out and TAKE ACTION to end all the fuckery. + +Like this: + +ā€œDue to the ungodly amount of synthetic shares illegally created, vote count at xxx,xxx,xxx or more, blatant naked shorting, dark pool abuse and market maker privilege abuse all coupled with GameStopā€™s beautiful fundamentals including zero debt, movement to S&P 400, solid future and business plan, I am forcing all shorts to close by the end of 2021 to accurately reflect GameStopā€™s value in the market.ā€ + +Ok so yeah maybe that would never happen. I clearly donā€™t understand market intricacies. + +But long story short, it should not be GameStopā€™s responsibility to ensure the companyā€™s value is accurately reflected in the market. + +Power to the players +A quote from Satoshi Nakamoto: + +It's the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. + +I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste. +Ever since last night, I've had an aching pain in my lower left abdomen. Now, Some of you have seen from my past posts that I'm not in the best health to begin with. Not that I don't try to be, but when you haven't had steady access to healthcare, you end up having to chug some pain pills down with water and call it a day. Im turning 40 next month and I'm also realizing that all those years without that healthcare are starting to catch up to me. + +My husband wants me to go to the doctor, and I told him we couldn't afford it. Of course, he has these unrealistic, but understandable expectations that people should be treated with or without money, but that's not the way our country works, unfortunately. I'm trying to get on disability, which if approved will get me qualified for Medicaid, but despite applying for the 3rd time back in June, they gave me a late November date for when they'd let me know if I'm finally approved. + +It's so frustrating to know that my worth is based on how much money I make. I'm good at things, I'm not useless. I can cook and bake, and knit. I can be a shoulder or an ear for someone, and I have talked people off from the ledge. Yet, when I'm in situations like this it doesn't matter. Anyway, thanks for listening to my rant :) + +EDITED TO ADD: Thank you everyone for the lovely comments! It truly makes me feel better to know there are kind folks out there who understand and care. +Do any of you feel as if you missed out on some small part of life because of your work that got you to fat fire? Iā€™m 30 with $1m+ net worth thatā€™s very career driven and motivated. I have a beautiful wife and no kids (yet) but thereā€™s some times that I look back and wonder maybe I should gone to more college parties or met more people in college, although if I did spend more time doing that Iā€™m not sure if Iā€™d be where Iā€™m at today as I donā€™t think Iā€™d be at the same point in my career. It does make me realize that going forward Iā€™m going to take more time when we have kids to be with them but Iā€™m curious if any of you reflect on these past times and wonder about whether you should have taken more time to do the fun, crazy, unproductive things in life? +[https://finance.yahoo.com/news/q-india-breaks-previous-ratings-144600201.html](https://finance.yahoo.com/news/q-india-breaks-previous-ratings-144600201.html) +\*Beep Bop Bip\* Automoderator here! What do you idiot humans have planned for this week's open? I believe the saying goes, " šŸš€šŸš€šŸš€ " if you want to make us money. I set the comments to be organized by best so everyone can make or lose money together. I think its beautiful when humans work together. I think they call that a community? + +**Downvotes are discouraged** + +**Add** šŸš€šŸš€šŸš€ **and give rewards to tickers you put mortgage on** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +You can look at their books, but I believe itā€™s difficult to make an informed decision about $RBLX without some experience with the website and games themselves. Here are some of my thoughts from being an active member since 2007. Feel free to ask me any questions you might have about the platform. + +Roblox has been available to the public since 2006; youā€™re not investing in a new up & coming company. Itā€™s been around for 16 years, which is very long for an online game. That in itself is a good sign, but its potential and success is pretty cemented as of now. The lack of worldwide reach (with the majority of users being from North America) is worrisome, but there may be room for growth. + +They are currently sitting at **2.4 billion** registered users. The daily active user (DAU) count is somewhere around **30 million** (see S-1 form in my edit). Thus, the vast majority of registered users are inactive users or bots who prey on dumb kids to steal their account info via cookies. This is more of an anecdote than something you can really back up with hard numbers and data because itā€™s obviously not something Roblox tracks itself. Every group and comments section on Roblox is plagued by bots spamming fishy links that take you to places for ā€œfree Robuxā€ and such. Thereā€™s a game on Roblox called New User Machine that tracks the total amount of players and shows the most recently created ones. Basically, itā€™s a conveyer belt of bots with random letter & number usernames. Their security and captcha, to summarize, sucks. + +Roblox itself is a game client, but the website houses a variety of games made by users, of varying quality. There are some real gems but some real garbage as well. The front page cycles the same popular games and not a lot of up-and-coming ones. I can imagine it would be quite difficult to break into the algorithm if youā€™re not already a popular developer. Some people use/pay for bots to pump up their gameā€™s likes and user count. This is obviously against the site's TOS, but itā€™s difficult to get ahead unless you pour hundreds into on-site ads. + +Years ago, they shut down the forum, which contributed to a lot of helpful and insightful on-site discussion. They did so because they believed it was becoming difficult to moderate. Hire more moderators? That on top of the fact that the chat filter (both on-site and in-game) is becoming increasingly overbearing, itā€™s difficult to hold a conversation on the website, let alone form a tight-knit community. I feel a community is **essential** to the success of a social game platform like this one; right now, it feels like a soulless, barren corporate wasteland, compared to what it was before. Take a look at their [logo change](https://logos-world.net/wp-content/uploads/2020/10/Roblox-Logo-History.jpg), which summarizes the companyā€™s new ethos well. Thereā€™s the argument that the chat filter needs to be overbearing because of the possibility of online predators - which is true - but thereā€™s a difference between overbearing and broken. Sometimes, every second word is censored, even completely innocent ones. + +Their customer support is pretty dismal. Not much else to say here, but Iā€™ve personally dealt with it, and unless you are asking something really basic that can be answered by looking at the FAQ, theyā€™re not much help. Just your typical outsourced copy & paste replies. When it comes to accidental moderation resulting in bans or account deletion, or account theft, theyā€™re not very helpful. Iā€™ve had an account made in 2010 deleted in 2016 for something I did not do (account theft; the account itself was stolen) and they were no help. + +Years ago as well, the ā€œfreeā€ currency Tickets were removed, leaving the premium one, Robux. Tickets were awarded on daily login and could be used to purchase cosmetics and such. Now, join any game and almost every avatar you see is the default one because the vast majority of kids arenā€™t paying for the premium membership which gives you monthly Robux, nor are they paying for Robux itself. + +Thus, parentā€™s wallets are the limiting factor on how much Roblox can grow, because a lot of the older base such as myself shares the same sour sentiment regarding the website as a whole. Even newer users are seen calling for the ā€œglory daysā€ of Roblox to come back, which is odd since they themselves did not experience those ā€œglory daysā€. That being said, the general community sentiment seems that not many people are happy with the site in its current state, which makes me wonder if itā€™s current young user base is sustainable or if Roblox depends on cycling generations of kids and isnā€™t really capable of building an older following in its current state. + +Moving on, thereā€™s a thriving black market for Robux and limited cosmetic items because of the aforementioned poor on-site economy. The cosmetics catalog used to have sales for holidays like Black Friday and Memorial Day. These are no longer a thing as of the last few years, which seems like a simple enough thing to do to keep Robux flowing in the economy, but they refuse to do so. (??) + +Speaking of site-wide events, celebrations like a yearly Egg Hunt, events which were dear to many users, are no more. Instead, they are replaced with corporate promotional events. These donā€™t yield independent games made by Roblox themselves like the Egg Hunt; instead, independent developers are ā€œcontractedā€ to shimmy these elements into their games. Doesnā€™t make for a very memorable experience, and I donā€™t know if the microtransactions yielded are any higher than they were for the previous events. + +The search function on the website is pretty broken; for example, if you search the cosmetics catalog for ā€œAdidas hoodieā€, that can net you ā€œADIDAS ADIDAS ADIDAS ADIDASā€ named items that may not be a hoodie or relevant to what youā€™re looking for at all, just something thatā€™s spammed the tag you searched for. This has been the case for years and no attempt to remedy it is evident. + +Recently, user-generated content (UGC) has been introduced to the cosmetics catalog, in which approved users can upload hats and other cosmetics rather than just Roblox themselves as before. One of the only good features introduced in the last few years in my opinion, but as a result, Roblox itself has essentially stopped making any cosmetics themselves. + +Basically, with the content creation almost exclusively done by independent users and developers, the site now runs itself. As a result, it feels the platform has been stagnating creatively for years. Beyond updating the game client, itā€™s not really clear what (if anything) Roblox does behind the scenes to promote growth. Thereā€™s a lot of very simple improvements and features that could be introduced to satisfy the user base and maintain the appeal to kids and the older audience, but Roblox seems to be reluctant to do so for some reason. For instance, itā€™s weird that users are begging for on-site sales, which are such a cornerstone of almost any business, or site events, which should be essential as a social game platform. This makes me worry they are forgetting that their user base made them successful in the first place. In short, it doesnā€™t seem to have the exponential growth it saw from 2007 to the early/mid-2010s, which is worrisome as the platform as a whole is not doing a good job at creating a loyal user base. + +All that being said, this is my perspective of a player. I hope a developer can chime in with their thoughts on the pros and cons of developing on Roblox, what their Robux income looks like, and how that translates into real-world currency. + +**EDIT:** This post has blown up way past the point I expected it to. As such, I feel it's necessary to address some of the points that myself and others have brought up in this thread. Going forward, this will be more of a financial approach that can tie in with my product/customer analysis. + +[Here is Roblox's S-1 form.](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) I want to specifically focus on a few sections: + +>***We have a history of net losses and we may not be able to achieve or maintain profitability in the future.*** +> +>We have incurred net losses since our inception, and we expect to continue to incur net losses in the near future. We incurred net losses of $97.2Ā million, $86.0Ā million, and $203.2Ā million for the years ended DecemberĀ 31, 2018 and 2019, and the nine months ended SeptemberĀ 30, 2020, respectively. As of SeptemberĀ 30, 2020, we had an accumulated deficit of $484.0Ā million. We also expect our operating expenses to increase significantly in future periods, and **if our** **DAU growth does not increase to offset these anticipated increases in our operating expenses, our business, results of operations, and financial condition will be harmed, and we may not be able to achieve or maintain profitability**. We expect our costs and expenses to increase in future periods as we intend to continue to make significant investments to grow our business. These efforts may be more costly than we expect and may not result in increased revenue or growth of our business. In addition to the expected costs to grow our business, we also expect to incur significant additional legal, accounting, and other expenses as a newly public company. If we fail to increase our revenue to sufficiently offset the increases in our operating expenses, we will not be able to achieve or maintain profitability in the future. + +Roblox is currently relying upon their Daily Active Users (DAU) to increase past their record all-time high to achieve profitability after a history of net loss. This record was achieved mostly likely due to the current pandemic keeping kids locked inside. They touch on this here: + +>***We have experienced rapid growth in recent periods, and our recent growth rates may not be indicative of our future growth or the growth of our market.*** +> +>We have experienced rapid growth in the three months ended JuneĀ 30, 2020, SeptemberĀ 30, 2020 and for a portion of the three months ended MarchĀ 31, 2020, due in part to the COVID-19 pandemic given our users have been online more as a result of global COVID-19 shelter-in-place policies. For example, our bookings increased 171% from the nine-months ended SeptemberĀ 30, 2019 to the nine months ended SeptemberĀ 30, 2020. We do not expect these activity levels to be sustained, and in future periods we expect growth rates for our revenue to decline, and we may not experience any growth in bookings or our user base during periods where we are comparing against COVID-19 impacted periods (i.e. the three months ended MarchĀ 31, 2020, June 30, 2020, and September 30, 2020). Our historical revenue, bookings and user base growth should not be considered indicative of our future performance. We believe our overall acceptance, revenue growth and increases in bookings depend on a number of factors, including, but not limited to, our ability to: +> +>ā€¢ **expand the number of developers, creators, and users on our platform;** +> +>ā€¢ **provide excellent customer experience and customer support for our developers, creators, and users;** +> +>**ā€¢ increase global awareness of our brand.** + +The bolded bullet points here tie in directly with points I have mentioned in my original post, along with this section here: + +>***We depend on our developers to create digital content that our users find compelling, and our business will suffer if we are unable to entertain our users, improve the experience of our users, or properly incentivize our developers and creators to develop content.*** +> +>Our platform enables our developers to create experiences and virtual items, which we refer to as user generated content. Our platform relies on our developers to create experiences and virtual items on our platform for our users to acquire and/or use. Our users interact with these experiences, which are largely **free** to engage with. + +Largely free to engage with - this echoes my previous sentiment in which few players are really seen spending money on this game, at least compared to the amount who don't. + +So, let's conclude. Where do we stand? + +* [Roblox has developers bringing in millions of dollars, with one of them reportedly bringing in $50 million as of 2020.](https://preview.redd.it/vzbeykpuffj61.png?width=1308&format=png&auto=webp&s=fb544d5496049a3bd14bce8db3cad31e1896db6a) + * Another thing to note here that I thought was funny was the President mentioning his Roblox account being a company goal. Ambitious, or last-ditch effort at marketing? + * This is taken from the [2020 Roblox Developer's Conference.](https://blog.roblox.com/2020/07/rdc-2020-recap/) +* [Roblox has an Amazon store selling merchandise and toys, the latter of which are also available in stores worldwide.](https://www.amazon.com/roblox?=&_encoding=UTF8&tag=r05d13-20&linkCode=ur2&linkId=5562fc29c05b45562a86358c198356eb&camp=1789&creative=9325&productGridPageIndex=2) +* Roblox runs its own data centers to deliver its platform. + * For the nine months ended SeptemberĀ 30, 2019, direct infrastructure costs were $58.2Ā million, or 13% of bookings, and grew by 66% to $96.8Ā million, or 8% of bookings, in the nine months ended SeptemberĀ 30, 2020. + * This data is taken from the S-1 form. + +So, it's clear that the company is well cemented and has elements that should signify growth, but it's still unclear why such significant investment and presence in the online video game market has not yet translated to profit. This makes it difficult for me to make a bull case for $RBLX. The DPO on March 10th is expected to be around $45. Had this offering been in the single digits or teens, I believe a great long value play could've been made. For me, $45 is a bit too rich for my blood for a company that is hinging on continued growth past the pandemic and a lot of other things going right that should have already happened in the last 16 years that they have been in business. + +**EDIT 2**: I feel the need to address a point brought up in [this comment chain, which is a great read and offers the developer insight I was looking for.](https://www.reddit.com/r/investing/comments/lrl4qf/thoughts_from_my_personal_experience_with_roblox/gooabb3/?context=3) A lot of Roblox's viability for future growth hinges on continuing to grow as a game engine & platform rather than just a social platform for kids that happens to have games. Here are my thoughts on that, as things stand now. + +For Roblox to be taken more seriously as a game engine, like Unity or Unreal, they need to continue to rebrand and move past the image of "kid's Lego game/Minecraft alternative", which will consume even more capital than they're already investing, not to mention the costs of simply going public. Their VC funding last year leading to their 30M valuation is 7x bigger than the funding of the previous year. Whether that symbolizes huge future growth or dumping the company on retail investors as a backup is up to your belief in the company. + +The game engine uses Lua, and it has improved a lot in the past years. [Here are some images showing what's possible.](https://preview.redd.it/s5b0bxgqkfj61.png?width=690&format=png&auto=webp&s=cc1447a41923c6ec69d9626a644d486c54c3af78) Looks great, right? Yes, but their target demographic doesn't have cutting-edge PCs that can run those graphics. From their S1: + +>68% of our engagement hours on the platform were from users who signed up through the Apple App Store and Google Play Store. + +These kids play on tablets, not supercomputers. That being said, any game developed in Roblox needs to work with the economy of the website. Unity and Unreal don't suffer from this, because they were never a social platform for kids. Whether or not that is a limiting factor to growth depends on the games developers want to make. You must also keep in mind that whatever is developed on Roblox needs to be gobbled up by an age group that is predominantly under 13. From their S1: + +>For the nine months ended September 30, 2020, 54% of our users were under the age of 13. + +A lot of accounts could have fake birthdays, lending further to the idea of a young player base. As a result, complex games with cutting-edge industry tech isn't the cash cow here. This means that all the money invested in improving the platform might not result in tangible returns. Furthermore, the most popular games are cash grab "simulators" and carbon copies of games that already exist, sometimes with stolen assets. That presents a copyright problem if Roblox is to continue expanding. + +If you got this far, thanks for reading, and best of luck in your future investments. +I was well on my way to FIRE at 600k net worth at 26yo (Toronto) , and I recieved an inheritance of 5million. So on a similar note to one of the previous threads about ā€œactiveā€ investing, I donā€™t want to RE yet , since my initial plan was around 40yo.. now Iā€™m 15 years early (not complaining)! + +My question is : how do I invest this money so it can grow, conservatively invested , in a tax effective manner ? Do I get a private banker ? A specialized CPA or is my situation pretty common (similar to inherited money)? + +Background : + +Single , no kids , 70k in a professional licensed field , income to rise over time . May one day open my own practice as a professional goal of mine . + +TSFA maxed already + +192k mortgage left on my 550k condo + +RRSP is 0 as I was waiting to be in a higher tax bracket and my work doesnā€™t match . Currently 70k salary but I assume with dividend investing I would be in the highest tax bracket . Should I max this ASAP or wait until next year when my income is reported as in the tax bracket (due to capital gains) + +Is there any tax merit to open a numbered Corp and invest through that / pay dividends to myself ? I would not need any immediate access to this money in the near future and I donā€™t plan on inflating my lifestyle at all. I can live off 2-3k a month . Bumping it up to 4K a month to own a nice car would already be a huge luxury for me . Can I partially ā€œwrite offā€ things like my mortgage, meals, and a car through this numbered company then ? + +Thanks for everyoneā€™s input ! I realize Iā€™m in a very fortunate situation and I would hate to waste it all away . + +Edit : to everyone hating that Iā€™m financially immature . This relative was in a different country and I was only able to visit them once a week every year and we didnā€™t do finance lessons when we were soending time together . I hope I can learn more from the people in this community . + +Additionally . Iā€™m not looking to commit tax fraud , just be tax efficient ! +My parents (68f and 69m) have never been very good with money. My dad is retired and getting social security, but has no other savings, and I found out recently that my mother has almost no retirement savings (maybe a couple thousand in 401k and no IRA) Iā€™ll admit Iā€™m not familiar with how social security works but I know my dad has been collecting for almost 5 years now. + + +Iā€™ve tried to have conversations with them on what their plans are for retirement, but my mom gets easily stressed when talking about finances and my dad is the type thatā€™s too proud to discuss such things with their children. I only know what I know from years of mildly prodding and recently assisting my mother with managing her insurance and 401k online. I have a rough idea of how much they both make, and I honestly have no idea how theyā€™re currently making ends meet. I was always under the impression that they had some kind of plan but now Iā€™m thinking the plan is to have either me or my brother take care of them when theyā€™re no longer able to work. + + +Iā€™m not sure what else is relevant info, but the major issues with their situation are: my brother canā€™t be trusted with soon to be elderly parents and Iā€™m scared to death of being their soul caretaker and not being able to provide a good quality of life for their golden years. So, I need to sit them down and force this conversation with them, right? I had a thought of hiring them a finical advisor and letting them do all the hard work. However, itā€™s occurred to me that itā€™s possible an advisor will look into their situation, give them a solution, but my parents donā€™t take any of their advice (thatā€™s something my parents have done a lot in the past and present). Itā€™s also possible I might upset my dad and heā€™ll end up refusing their help. Last possibility is advisor tells them they canā€™t help them and that would make my mother absolutely distraught. + + +Again, Iā€™m not sure what all is relevant information, but I can explain further if need be. This has been eating away at me and I canā€™t imagine how my parents must feel. Iā€™d greatly appreciate any advice on how they can save and any resources that may be available to them. Also if anyone has any similar experience with sitting down their parents to get them serious about their retirement- if youā€™re willing to share your journey itā€™d help a great deal. + + +TL;DR - My mom and dad have almost no savings. Iā€™m not going to have the means to be their soul caretaker. What can I do to help them? + + +Thank you all in advance. + + +*Edit- fixed some spelling/ grammar mistakes +I am 30+ yo now. I used to be a student 10 years ago. Now I have a decent job. +I can't help but think in which mindset are students who lately made some quick gains. If you did take some gains, I can only congratulate you, you probably did better than most of your student peers who are probably not fully aware of what crypto is. + +But be aware that once you make your first gains, there is something I call the "casino effect". It pushes you to take more and more risks. I think it can be even amplified as a student because most of you don't have yet a monthly income. I remember that each penny counts and insane gains can start turning your head. At the same time, you are in the period of your life when you need to make very important decisions. + +Lately, you might read about young Samsung employees quitting their jobs in South Korea thanks to millions of $ they earned in crypto. Or read cool posts about huge gains and lambo. +And you might think there is no good reason to study anymore. +Strangely there is not much about people ashamed of massive losses. + +My message is for you to keep in mind you must measure your risk. Crypto is great but who knows when the rollercoaster ends or when you will make bad moves (we all do). You can not rely only on that. Hopefully the recent dip made you realize that. Please treat your study as your top priority and crypto as a bonus. If you make it in crypto, that would be amazing. If not, you still have a diploma and a good option in life. + +- Crypto = great +- Crypto + job = better + +Don't gamble on your life. Don't have regrets. Decision is only yours. + +Your crypto older brother who wish you good in life. +I found a listing (on the MLS actually), which is 8 mobile homes in the middle of nowhere. Its not a mobile home park but the seller owns the land and put 8 mobile homes on it. I happen to know that there are 3 large manufacturers in the area, so rent demand is stable (but it's a 20K person town - middle of nowhere). +It *appears* to be bringing in a lot of cashflow (7/8 units rented currently, more than half have been there 3 years+) especially compared to the list price. The owner is old and wants to retire (self managed for decades). + +Does anybody lend on these things? Even the hard money guys wont touch it (I reached out to 23 of them in BPs list). "Hard to insure," they say. Its way too small a deal (both in size and price) for the Marcus+Millichap type brokerages. +Title pretty much says it all. It shouldn't be terribly difficult to set up (based on my experience) an IFTTT statement combined with Automod functions to instantly slap up a sticky with their latest tweet. This will significantly reduce clutter in "New" and reduce karma farming substantially. Mods, any chance we can make this happen? + +Edit: I very much like the additional suggestions of fellow apes to combat the 2 sticky post limit Reddit has in place. Having the Stonkbot post them to a God Tier Tweet flair would be sufficient to keep them organized and the upvotes will do as much as a sticky ever could. +I'll give credit where it's due, especially to the apes who wrote all that beautiful DD. But beyond them, I gotta give credit to myself. + +- For taking the time to read all that DD, verifying it myself and believing in it. + +- For buying and hodling onto my stonks no matter WHAT the price said, especially during the craziest ups and downs. + +- Ignoring the immense amount of FUD coming from all directions. + + +and I'll especially be giving credit to myself for hodling through the MOASS. Avoiding all the pressure from friends, family, the media and myself won't be easy. I'm going Zero Dark Thirty when things start getting serious with the price. +I put "inherit" in quotes because my parents are not actually dying yet, but at the age where they want to start to get more help managing the portfolio of assets. They have done amazingly over the decades, but recently got stung by the market volatility, so now they are looking for the younger generation to contribute ideas and strategy, with the eye of turning it over completely over the next decade. + +It's a lot of responsibility for my sister and I. We both have good experience in business, I sold my first business in my early 30s and earned high single digit millions, but put most of it in my current business and a portfolio of income properties which are professionally managed, and put some in stocks and some savings. + +Our goals are to keep this pool for many generations, so that our dependents will never have to worry about the basics of their life, like buying a home or paying for school. Our family has worked hard for this, and we don't want to just squander it or invest it in something high risk for the sake of earning a billion. We are not the kind of people that like private jets, but we do enjoy the finer aspects of life and have that stuff all figured out. I figure if we can make even a 5% return we can still access enough money than we will ever need. I am highly inspired by the way universities manage their endowments. All the legal and trust stuff has been sorted, so we are good on that. + +My questions are: + +\- How do people with this kind of money approach their investments? At the end of the day, we feel that the family needs to have a big picture oversight of the entire portfolio, but we don't have enough to open our own family office. Moreover, my sister and I are business people, but not finance people. So we are looking for an approach that is understandable and simple. + +\- Would UHNWIs actually buy a bogleheads style ETF portfolio? I have a stock portfolio of about US$2.5m which is mostly ETFs individual stocks, which I manage using a Modern Portfolio Theory method. Is Modern Portfolio Theory still the dominant methodology recommended by financial advisors? + +\- I've read a lot online, like the "All Weather" portfolio or the "Swansen" portfolio, which make sense, but they feel very "retail" to me. It seems crazy to me to put 50 million into VTI and a handful of other ETFs but it seems to be still a popular and viable idea. + +\- Do PBs offer any value except for ideas and research, trade execution and lending against assets? We have a few private bank accounts already and have spoke with some MFOs, but they seem very transactional and just bent on selling us structured products and growing their own AUM. + +\- Do hedge funds offer value? Ive invested in some in the past and they haven't done that well. I don't know if we have the kind of money to invest in the best hedge funds, and worry we will be stuck with the 90% that suck. + +\- Any good reading that you can suggest? I have read a lot of books on finance and trading over the years, but appreciate any recommendations. Currently reading Swensons Unconventional Success, as it was recommended by another HNWI friend, but looking to get more recs. + +Thanks for all your thoughts and feedback. +Yes, it's me....back with a second installment in our series, ELI22. This assumes you read [ELI18](https://www.reddit.com/r/personalfinance/comments/4tfc76/eli18_personal_finance_tips_for_young_adults_us/) ( even the links...you'll learn 10X more from the links!) and have done things pertaining to your situation. + +The "22" here means you're done with full-time education, have a career with meaningful income, and are responsible for your own support. Some people start this at 18, some at 26; age is not important. Specifics pertain to the US in some cases. This assumes you are a single childless renter employee; [ELI30](https://www.reddit.com/r/personalfinance/comments/4uoycd/eli30_personal_finance_tips_for_thirtysomething/) will cover marriage, home ownership, and children. + +You have money now, congratulations! Read [this](https://www.reddit.com/r/personalfinance/wiki/commontopics) excellent summary of how to handle it. Here's a [ginormous flowchart](https://i.imgur.com/1rPEkGQ.png) showing what to do first: bills? loans? investments? Good self-study! We'll highlight three Big Ideas to get you started. + +- **Taxes**. Your employee income is taxed / withheld like so: 7.5% of the first $118K goes to [social security/medicare taxes](https://www.irs.gov/taxtopics/tc751.html). (We hope you will benefit in the future, too!) Then your income is taxed at [higher rates](http://taxfoundation.org/article/2016-tax-brackets) as you make more. Assuming no special deductions, 0% for the first 10K due to standardish deductions. Then 10% of the next 9K, 15% of the next 28K, and then 25% tax rate kicks in; this is your rate from 48K to 102K gross income, so a popular rate. (It's only 28% up to 200K, as well.) This is your tax bracket / marginal tax rate. (Most states also have state income taxes of ~6%ish but they vary a lot.) Higher brackets only affect your additional income; [you always come out ahead](http://blog.taxact.com/how-tax-brackets-work/) even if more income means a new top tax bracket. You reduce your taxes with credits and [deductions](http://money.howstuffworks.com/personal-finance/personal-income-taxes/tax-deductions.htm). Big Idea 1 is: [reduce your current taxes](https://www.reddit.com/r/personalfinance/wiki/taxes) by making less of your income taxable. + +- **Debt**. You borrow money now so you can spend it, yay! But then you have to pay it back, and typically pay back more than you borrowed, boo! You've lost money as a result. The extra amount you repay is determined by the [interest rate](http://banking.about.com/od/loans/a/Calculate-Interest-You-Pay.htm); the annual rate is called APR. +3% APR student loan? You'll pay $30 annual interest on $1000. Not bad. +12% APR car loan? You'll pay $120. Not good. + 23.9% APR credit card? You'll pay $239. Yikes! (Never do this!) +You repay the money you borrowed, too; that's called principal. The longer you take to repay the loan, the smaller each payment, but the more interest you'll then pay. It's a tradeoff. Big Idea 2 is: [reduce the amount of interest you pay](https://www.reddit.com/r/personalfinance/wiki/debt) by getting lower interest rates, and avoiding / quickly repaying higher interest debt. + +- **Investing**. In ELI18, I noted bank interest won't make you rich. The good news in ELI22 is: investments can make you [current millionaire rich](http://www.bankrate.com/calculators/savings/save-million-calculator.aspx). The catch is: it takes decades, and you must regularly invest significant sums. This why you start at 22! The ELI22 introduction to investments is based on the [Target Date Fund](http://www.finra.org/investors/target-date-funds-find-right-target-you), wherein you buy shares of a mostly stock-based index fund designed to be worth a lot more when you retire at a target date 40+ years in the future. Historically, these accounts gain about [6% annually](http://www.thesimpledollar.com/where-does-7-come-from-when-it-comes-to-long-term-stock-returns/) after inflation, though it varies significantly year to year. Your money doubles every 12 years, and goes up by 10X in 40 years. (All numbers are after taking inflation into account.) So that $5000 you put aside at 22 could easily be worth $50,000 of today's dollars at 65. (But, there could be years where you temporarily [lose 10%, 20%, even 30%](http://www.finra.org/investors/reality-investment-risk) of your savings. Do not panic! It will come back eventually.) Big Idea 3 is: invest early and often for your future, especially your retirement. + +Got the the Big Ideas now? Good! Let's see how we combine them for some meaningful benefits for your ~22-year-old self. + +- Retirement contributions. You are going to retire someday. Invest and perhaps reduce current taxes by letting your employer contribute a percent of each paycheck to your [401k account](https://www.reddit.com/r/personalfinance/wiki/401k) (or similar things with different names for government employers). A recommended investment percentage is 10%, but it's up to you; more is better, the annual maximum is $18,000. The cardinal rule is [Take The Match](https://www.smart401k.com/resource-center/retirement-investing-basics/company-match) if you have one. A typical employer adds 3% of your salary when you contribute 6%, so that's like Free Money. Take The Match. (Your actual match depends on your employer's rules.) The money is invested for you, available penalty-free when you retire after age 59.5 (usually.) If you change jobs, the money can go with you. A 401k can only invest in what your employer offers. Most employers have target date funds, so choosing one is an easy decision. If you need or want to, you can sometimes achieve an even better result by picking other available choices. + +- "What do you mean 'perhaps reduce current taxes'?" Retirement savings are wery wery complicated. (Thank your congresspeople.) A "traditional" 401k reduces your current taxes because it exempts your contributions from your taxable income. You pay taxes when you take the money out, deferring the taxes, but you still pay something. If you would prefer, you can reverse this if your employer offers a "Roth" option. In that case, you pax taxes on your 401k contributions , but no taxes when you take the money out. The best [choice](https://www.reddit.com/r/personalfinance/wiki/rothortraditional) is complex; for those below the 25% bracket, Roth is usually better. + +- Yet more retirement options: IRAs. [Individual Retirement Accounts](https://www.reddit.com/r/personalfinance/wiki/iras) are do-it-yourself 401ks. You set up an account with a company like Vanguard, Schwab or Fidelity, and give them up to $5500 annually to invest for you. You have more investment choices, target date funds plus other options. Depending on your income level and whether you have an employer 401k, you open a traditional or Roth IRA, with tax treatment equivalent to the previously described 401k types. IRAs are your go-to option if you have no employer 401k, but you still may (and even should) want to use an IRA, especially a Roth IRA, even if you have one. You can tap IRA and 401k resources before retirement for certain allowable reasons, though it's not usually recommended because you lose future gains and might owe current taxes. A Roth IRA is the best choice for raidable retirement savings because contributions can be taken out at any time without taxes or penalties. + +OK. That was a lot of information! Ready to repay [student loans](https://www.reddit.com/r/personalfinance/wiki/studentloans)? Let's find out: + +- If you do have student loans, the interest rate clock is ticking. Loans are typically 10 year repayment, so you'll owe about 1% of the loan balance each month for ten years. +If you owe $20,000, that's $200/month. Like a car payment. Not terrible. +If you owe $100,000, that will be $1000/month. Like a mortgage payment, only without the house. Not fun to pay. +You have to pay these back unless you get them forgiven. You have [several approaches](https://studentaid.ed.gov/sa/repay-loans) available for repayment: + +- Pay them back on schedule. It sounds crazy, but it just might work! If your income supports it, pay the minimum on low-interest (<~4%) loans. If you have even more income, repay them faster with extra payments, especially on higher interest loans, and save by paying less interest than you would over time. This is your primary option on private loans. If you have high-interest private loans, look into [refinancing](https://studentloanhero.com/refinance-and-consolidate-student-loans-0042/) them; if you have good income and credit, you'll qualify for lower interest rates. + +- If you have a lot of federal loans but little income, look into [reduced payment plans](https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven) like Income-Based Repayment (IBR) and Pay-As-You-Earn (PAYE) plans. You'll pay less (even nothing) each month, based on your current income, but you'll pay longer, and ultimately pay more over time in many cases. + +- If you are really in a deep hole, maybe over $100K federal with only $40K annual income, give a special look into [Public Service Loan Forgiveness](https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service) (PSLF). This program allows you to work for ten years in public service, make minimal payments, then your unpaid balance is magically forgiven, which is a really sweet deal if you can get it. (This differs from forgiveness programs for IBR/PAYE that will charge you taxes on any amount forgiven in the future.) + +Enough about student loans. Let's wrap up with a few other topics of general interest to 22 year olds: + +- Grad school can be a good idea, but can also be a very expensive idea. If you are sure this is for you, try to get someone else to pay for it, whether the school via scholarships / stipends, or your employer, if they do education reimbursement. Med school is worth the money no matter who pays. Law school and MBA return on investment is iffier these days. Going to grad school because you are not sure what else to do is probably a big mistake, especially so if you have to pay for it. + +- You may be responsible for your [health insurance](https://www.reddit.com/r/personalfinance/wiki/health_insurance). (You could be on your parents' plan until age 26 in many cases, though that may cost them something.) If your employer will pay for it, that's your best option. They may offer a lower-premium [High Deductible Health Plan](http://health.usnews.com/health-news/health-insurance/articles/2014/11/10/should-you-roll-the-dice-on-a-high-deductible-health-plan) (HDHP), where you pay routine costs, but insurance kicks in for major expenses. This is a good choice if you have good health and make few claims. You should take advantage of a [Healthcare Savings Account](https://www.nerdwallet.com/blog/health/what-is-an-hsa/) (HSA) with an HDHP. This lets you deduct contributions to pay for out-of-pocket medical expenses, with other unique features that make them attractive. You can contribute $3350 annually to your HSA. Some employers pay some of this for you as more free money. + +- If your employer doesn't offer health insurance and you can't use your parents' plan, you'll want to get an individual plan such as those found on [healthcare.gov](http://healthcare.gov). You can only sign up at certain times, including open enrollment in November / December. If you don't have health insurance of some form, you could [pay a penalty](https://www.healthcare.gov/fees/fee-for-not-being-covered/) of up to ~$2000 at tax time, unless you have an [exemption](https://www.healthcare.gov/health-coverage-exemptions/exemptions-from-the-fee/). + +- With more income, you can rent a nicer place within the same 30% of takehome guideline. You may not even want a roommate! Of course, any money you spend on housing is money you don't have for other things. Living with your parents is still a viable option if you want to save, e.g. to pay down student loans. Please make sure you have renter's insurance, it's well worth the small cost. (Note that we assume you are not yet ready to buy a house; you may not yet be sure where you want to live long-term, have limited work history, or have insufficient down payment.) + +- You can also afford a nicer car, since you have better credit, and lower insurance rates. (You don't have to upgrade your car, and you'll save money if you don't.) Paying cash is still an option, but if you qualify for a 2% car loan, consider taking it to free your money for purposes like retirement investments and loan repayments. A good target price is perhaps $15K, with a $10K loan, which works out to 4 years at $220/month. Your total cost-of-car would be about $5K annually. Selling your old car privately should get you 20% more than you would by trading it in to a dealer. + +- With more expenses, budgeting becomes much more important. You'll want to have a bigger emergency fund; we recommend at least three months' expenses, to cover that bad day when you lose your job and your car breaks. With more expenses to track, look into a program like [You Need a Budget](https://www.youneedabudget.com/) (ynab) or [Mint](https://www.mint.com/) to help keep track of where your money is, and where it needs to be in the future. Look for ways to economize where you can, whether by cheaper cell-phone plans, learning to cook so you want to eat at home, or taking advantage of employee discounts. + +- While you don't have a lot of tax deductions yet outside of retirement / HSA savings, take a look at possible [tax breaks](http://blogs.hrblock.com/2013/04/08/twenty-somethings-dont-overlook-these-tax-deductions/) for student loan interest, moving expenses associated with a job change, and certain tuition expenses ([American Opportunity Tax Credit](https://www.irs.gov/individuals/aotc)). You don't have to itemize to take advantage of these, but income limits apply in some cases. + +Whew! That was a long one. I think that does it for this week. [ELI 30](https://www.reddit.com/r/personalfinance/comments/4uoycd/eli30_personal_finance_tips_for_thirtysomething/) next week: marriage, children, home ownership, life insurance, job changes. +Maybe it is just me but I totally trust exchanges to take care of my crypto. Of course I am speaking of popular and trustworthy exchanges. Leaving your crypto on an exchange nobody has ever heard of is of course a dumb idea. + +But do you want to tell me that your crypto is not safe on Coinbase, Kraken, Gemini, Crypto.com or Voyager? It is 2021 and not 2014 and these exchanges can not be compared to Mt Gox. + +Also sometimes people get the whole "not your keys, not your crypto" thing too seriously. I have seen people here complainig that they lost a big amount of their ETH to move it to a cold wallet. Well, high gas fees are another topic but you definitely shouldn't move your crypto to a wallet if you have to lose like 1/4 of it to do that. If you just have 0.05 ETH or similar then just leave it on the exchange. Nothing will happen to it. + +Not to mention that if you are new in crypto then it is more likely for you to lose your piece of paper with your seed phrase than an exchange like Kraken or Coinbase to get hacked. If you ever accumulate a bigger amount of crypto then you could think about buying a cold wallet! + +PS I originally [posted this](https://www.reddit.com/r/CryptoCurrency/comments/phepj2/no_leaving_your_crypto_on_an_exchange_is_not_the/) on friday but it got deleted for mentioning ETH in the title because there were already many posts about ETH. But my post was doing very well and most people seemed to agree so I decided to change the title and repost it today! +We all come from a number of backgrounds, and I often see people saying things like: + +- Motivations of Reserve Bank are X + +- Politicians own property, this is a major driver in lack of action +- Real + Estate agents _____ (insert numerous/uncountable assumptions here) +- Many, many, more! + +I'd love to hear from anyone who's seen something that's just not true but hasn't bothered to correct it - would be good to dispel some notions that are commonly assumed to be true. +EDIT: this is not a completely risk free play. Do your own DD. + +Now I know a lot of you guys are not die hard GameStop fans, and thatā€™s fine.. because for this play you donā€™t need to be a believer in the Ryan Cohen transformation of the company, nor do you need to ride the Reddit wave of irrational buying pressure to stay afloat in the trade. Iā€™m about to present to the ultimate, almost risk free arbitrage opportunity presented by the unprecedented IV we are seeing on this stock. + +Whatā€™s the play? + +CSPā€™s on the GME Jan21 ā€˜22, $1 puts. + +Now youā€™re going to need to be patient on this one, because youā€™ll need to time the IV spike when GME (eventually) crashes back down to planet earth. The contracts closed today at $0.17, but they traded for up to $0.30 a couple days ago when we saw that multi-circuit breaker dip. Inconveniently I missed the opportunity then because IBKR blocked the option chain (as we all know this happened across all brokers) but Iā€™m confident there will be a second opportunity in the coming weeks. To make sure I donā€™t miss it, I have limit orders in from $0.25 - $0.3. + +I know thereā€™s going to be some skepticism so Iā€™ll going to address the common questions preemptively here: + +Q: What if GameStop goes bankrupt? + +A: Have a look at GameStops balance sheet. Even if the whole world locks down for the next 12 months GameStop has plenty of cash. You may argue that their business model fails in the future, but weā€™re at the start of a new console cycle and weā€™re going to see positive earnings for the next several quarters, so thereā€™s no way the company trades down to bankruptcy levels during the timeframe of this play. Someone would literally have to go door to door and burn down every single GameStop location, and even then they have a thriving e-commerce platform that supports over a billion in annualized revenues. + +Q: OK OK GameStop isnā€™t going to go under in 12 months, but why would I tie up my cash for a year just for a measly 25-30% annualized return? + +A: Youā€™re not going to have to hold this one for a year to get 80% of your premium banked. As soon as IV stabilizes, these contracts will return to $0.05. It doesnā€™t matter if GME settles at $50 or $8, IV is driving the contract price here, not the underlying share price. Donā€™t believe me? Have a look at the historical price of this option in the last month. The fundamentals of the company havenā€™t changed, this purely a result of the volatility weā€™re experiencing. + +Q: Okay but what about liquidity? + +A: These contracts are trading at a $0.01 spread right now - there is no issue of liquidity. You might ask, who the hell is trading these contracts? The answer is market makers hedging their Gamma/Vega exposure. Heck, thereā€™s enough liquidity to effectively day trade these contracts right now. And, worst case scenario, liquidity dries up when the trading volume settles, and you are forced to sell for $0.10-0.15 instead of $0.05. Youā€™ve still made money! + +This is an unprecedented opportunity to profit off an irrational volatility spike by betting on the solvency of a perfectly well capitalized company. If you have the patience to wait for it you will be walking away a winner no matter how this saga plays out + +TL;DR + +GME Jan21 ā€˜22, $1 puts (limit orders for $0.25-0.30) +Have you not watched his show? He hams stuff up for ratings. You really think he's all pissed and upset about all the tweets? He's laughing his ass off as his social media interaction scores are going through the roof cuz of your lame-ass insults. And then you double his pleasure by tuning into CNBC and posting links to it. + +Odd's are the people bragging about giving him static are his own shills. + +Don't like who he is? Just don't look. +Shills' current strategy is to make fake Computershare posts to drive up our running counts of how many shares have been direct registered. Then, once those counts (inflated by shills) preemptively show that we have the float locked up, and nothing happens (because we don't have it locked up yet), then we'll get de-motivated and doubt whether or not the MOASS is going to happen at all. Once we're de-motivated, we'll start to sell, and they need us to sell BADLY. + +EVERY SHARE COUNTS. DIRECT REGISTER YOUR SHARES WITH COMPUTERSHARE (not financial advice). + +DON'T TRUST ANYONE WHO SAYS WE'VE ALREADY DIRECT REGISTERED THE FLOAT - WE WONT KNOW UNTIL GAMESTOP DOES A SHARE RECALL. + +BUY. HODL. DRS. This is a sure bet, don't let any shills lie to you saying "But look the float has been registered and nothing happened, I'm selling :(". Once we actually register the float (and this will take months), we will trigger the MOASS. Stay frosty. +$1342.72 is the most Iā€™ve had in a bank account at once. Iā€™m glad Iā€™m getting over my impulsive spend all the money I have and live paycheck to paycheck tendencies. +OG post here : https://www.reddit.com/r/Superstonk/comments/n5m55i/naked_short_selling_and_owning_the_float + +A couple weeks ago I mentioned that I am writing a DD on naked short selling. I am still writing this DD, but part of my research I found an example of a company where the entire public float of a stock was purchased by one investor and what happened. + +I figured I would post this part now as my bigger DD is taking longer than I hoped and the more rabbit holes I go down the more and more information I keep adding....any way here is an excerpt of my short selling DD yet to be published: + +# What is Naked Short Selling? + +# In a naked short sale, the investor identifies a stock that is overvalued and likely to decline in price. + +Unlike a typical short sale, however, the investor then sells shares of that stock that he does not own or borrow and does not intend to own or borrow. + +Naked short-selling is ā€œmake believe short-selling. In the same way kids play doctor without the medical equipment, naked shorters sell unborrowed stocks, stocks that no one has borrowed and possibly never will.ā€ + +How can an investor sell stock he does not possess? + +Enter the role of the Depository Trust & Clearing Corporation (ā€œDTCCā€), a financial services company that clears and settles securities trades and provides custody of securities. + +The DTCC processes most of the securities transactions in the United States, which amounted to over **$2.15 quadrillion (yes, thats 15 zeros!)** in 2019. + +The DTCCā€™s mission is to provide an efficient and safe mechanism for buyers and sellers to make their exchanges without the burden of exchanging paper certificates every time a stock is traded. + +The DTCC is not a regulatory body, however; instead it is overseen by the Securities and Exchange Commission (ā€œSECā€). The SEC requires that investors complete, or settle, their securities transactions within three business days of the sale. If the seller does not deliver the stock certificates to the brokerage firm within this **ā€œT+3ā€ (trade date plus three days)** period, the DTCC issues a ā€œfails to deliverā€ (ā€œFTDā€), which is the securities equivalent of an ā€œIOU.ā€ Although they are not perfect substitutes for real shares of the issuerā€™s stock, these FTDs have economic value to the buyer whose account is credited with a long position. + +The naked short sale takes advantage of a system that allows a transaction to occur, and all moneys to be paid, before delivery occurs. A stock sale can be processed and affect the share price, but **the delivery portion of the transaction may never occur**. + +Market players merely trade the FTD and in the short term, at least, the shares are not missed by anyone except, perhaps, the DTCC, which maintains records of delivery obligations. Meanwhile, broker-dealers and banks credit customer accounts prior to the delivery of the securities, which may never arrive. **The result is that a share of stock can be duplicated, sometimes multiple times, and can be owned by** ***multiple investors.*** + +# Why naked short sell? + +The shorties subscribe to the theory that it is much easier to make money tearing companies down than making money building them up and they fall into two general categories: + +1. They participate in the process of producing the counterfeit shares that are the currency of the fraud +2. They actively short and tear companies down. + +The counterfeiting of shares is done by participating prime brokers or the DTCC, which is owned by the prime brokers. + +The identity of the shorts can sometimes be elusive as the shorts obscure their true identity by hiding behind the prime brokers and hiding behind layers of offshore domiciled shell corporations. Frequently the money is laundered through banks in a number of tax haven countries before it finally reaches its ultimate beneficiary in New York, New Jersey, Chicago. + +Some of the hedge fund managers who are notorious shorters are very public about their shorting. + +I also found this snipet: + +>One short hedge fund that was particularly destructive was a shell company domiciled in Bermuda. Subpoenas revealed the Bermuda company was wholly owned by another shell company that was domiciled in another tax haven country. This process was five layers deep, and at the end of the subterfuge was a very well known American insurance company that cannot be disclosed because of courtā€“ordered sealing of testimony. +Most of the large securities firms, insurance companies and multiā€“national companies have layers of offshore captives that avoid taxes, engage in activities that the company would not want to be publicly associated with, like stock manipulation; avoid U.S. regulatory and legal scrutiny; and become the closet for deals gone sour, like Enron. + +I might get into this in another post. + +# Wheres the proof of this?šŸš€šŸš€ + +Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. This leads us to the [Case of Robert Simpsonā€™s Sock Drawer.](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) + +By early 2005 a company called Global Links Corporation stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,209 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate [forms with the SEC](https://www.sec.gov/Archives/edgar/data/949728/000101540205000967/doc1.txt), disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. + +Simpson claims he placed all of the shares in his sock drawer and then watched as over sixty million Global Links shares traded OTC over the next two days, the equivalent of every share in his sock drawer changing hands **approximately sixty times**, a physical impossibility suggesting that the shares being traded were phantoms created by naked short sellers. [Bloomberg transcript on the matter.](https://www.sec.gov/comments/s7-08-08/s70808-145.htm) + +# My speculation + +I 100% believe that retail owns the float and then some. With GME consistently reported as the number 1 traded stock by nearly every broker in every country around the world it is my belief that retail own over 100m shares. I base this on there being 6m apes with 16 shares each. You think this is too many apes? How about 3m apes with 32 shares? Now that is realistic. Heck we could go to 1.5m apes with 64 shares. Just knowing how many I have and seeing what has been posted position wise, this average is not our of the realms of possibilities. I have no proof. This is just my educated guess based on the numbers that I can see. + +The shares we see trade now are created on the spot by MM to provide liquidity. And this is why the volume is so low. The HF know this and that every share sold now is one that needs to be covered, so they are doing their best to keep the volume down. + +TLDR - brrrrrrrr +GoPro is down 75% since mid-2014 when it had its IPO. There has been a lot of negative sentiment around it and based on the negative returns to the initial investors, rightfully so. + +However, it might be a turnaround company and I'll make my case below. + +For those that prefer to watch a video, the link is below: + +[https://youtu.be/TVQ6HqKaMiU](https://youtu.be/TVQ6HqKaMiU) + +Up until 2019, the company was mainly selling hardware consisting of cameras and certain accessories around it. Over 90% of their sales were through retail and their gross margin was around 34%. + +In the meantime, there have been 2 main changes: + +1. In March 2021, they launched an app called Quik and they have 221k paid subscribers ($9,99/year), bringing in around $2.2m in revenue that has a higher margin than their old-school business. +2. They introduced GoPro subscription, which grew to 1.6m subscribers fairly quickly (130k in 2017, 185k in 2018, 334k in 2019, and 761k in 2020). Why is this relevant? The annual subscription costs $49.99 and without knowing anything else, it seems as they're adding $80m in revenue (1.6m x $50). Well, not really. The subscription provides the following: + +\- $100 discount on a new GoPro camera - Wait what? A user pays $50 in subscription and gets a $100 discount? That is a no-brainer! But wait, that's not all, it also provides: + +\- Unlimited cloud back-up + auto uploads + +\- Up to 50% off @ [GoPro.com](https://GoPro.com) + +\- No questions asked damage replacement + +\- Full access to the Quik app + +\- Share on the go + +**So, what is the catch?** + +From a user point of view, they get a lot of value and from GoPro's perspective, it doesn't seem to be that profitable as they pay by not only discounting the hardware price but also they have to cover the costs for the rest of what comes with the subscription. In theory, subscriptions are a high-margin segment, but when taking all of this into account, it is clear that we cannot expect the $80m on top of what they're earning. So, why do they offer this? + +1. At the beginning, I've mentioned the main sales channel in 2019 was retail, with 90%+ of the total sales. As of 2021, retail was 66%, with 34% being DTC (Direct to consumers). As the subscription is offered through the website, more users are opting for it. This means, they're not paying the "cut" to the retail companies and they can increase the gross margins (2021 - 41% gross margin, while 34% back in 2019) +2. As they're providing a high-value no-brainer package, they are more like to retain the customers. When they need to buy a new camera in 4 years, they would not be considering only the hardware, but also what comes with it (Is there unlimited cloud back-up, is there a damage replacement policy, what about the Quik app substitute?). So, the subscription model (in my opinion), is less about making more money and more about retaining the customers by providing value. + +&#x200B; + +**What about the brand?** + +\- The hardware is in a very niche industry (action cameras) and as they're focused on high-quality, they're targeting the high-end. Their Hero10 black was the best-selling camera in the US camcorder market. + +\- They have over 46m social media followers across all platforms (YouTube, Facebook, Instagram) + +&#x200B; + +How does this reflect in the financials? + +Their revenue was almost $1.2b back in 2017 and is almost $1.2b now in 2021. So, in the last 5 years, it seems as there were no changes. That's not fully correct as 2020 was terrible due to the pandemic. The customers buy cameras with the purpose to capture memories while they're on holiday. Having that in mind, the drop of revenue to $900m was not unexpected. + +&#x200B; + +The rest of the operating expenses have also decreased: + +\- R&D from 19% of the revenue in 2017 to 12% in 2021 + +\- Sales & marketing from 20% in 2017 to 13% in 2021 (As they have a huge social media presence, they can use that at a lower cost to interact with their customers) + +\- SG&A from 7% in 2017 to 6% in 2021 + +**Where does that bring the company today?** + +The company finally had a positive operating margin of 13.5% in 2021! Their free cash flow is a bit over $100m. + +**What about the financial position (balance sheet)?** + +The company has half a billion in cash (with a market cap of $1.4b) with debt being below $300m. From a financial health point of view, it is definitely in a good position. In addition, they have around $280m in deferred tax assets (related to valuation allowance) that they can use in the future and pay lower taxes. In my valuation, I'm adding 50% of this as the benefit will come in the future. If we adjust the market cap for the cash, debt, and deferred tax assets, we get to a price of around $1.1b. Not bad for a company with a $100m+ free cash flow. + +In addition, in the last earnings release, it was revealed that the management was authorized to buy back shares for $100m. + +&#x200B; + +**What could be expected in the future?** + +My assumptions for the future are as follows: + +\- Revenue growth 6% in the next year (analysts forecast between 4% and 9%) and then 1.83% (risk-free rate) - This leads to revenue growth of modest 25% in 10 years to $1.4b. + +\- Operating margin 13.5% in the next year, growing to 14% (long-term operating margin) + +\- Reinvestment (sales to capital) ratio of 4 - Pretty high for a manufacturing company, but I do not expect them to invest in an additional factory or any heavy equipment. This reinvestment mainly relates to working capital + +\- WACC 7.5% + +Plugging all of this into a DCF, the **value per share is $15.95** (price $8.78) + +&#x200B; + +**What if the revenue doesn't grow as fast and what if the operating margin isn't 14%?** + +Let's take a look at a few scenarios: + +&#x200B; + +|Revenue/Op. margin|12%|14%|16%| +|:-|:-|:-|:-| +|\-10% ($1b)|$11.8|$13.1|$14.4| +|25% ($1.4b)|$14.2|$16.0|$17.7| +|50% ($1.7b)|$15.8|$17.9|$19.9| +|75% ($2b)|$17.4|$19.8|$22.1| + +&#x200B; + +I'd like to get your thoughts on both my analysis as well as the company as a whole. + +What are some good books on hedge fund investment strategies? I have to write a paper about it and Iā€™m looking to get some background knowledge and/or potential sources + + +**Introduction:** + +If you missed the Archaegos blow-up in the first few months of 2021 then you are going to want to buckle up to see how disconnected this stock price is from the value of the business. Please let me know what your thoughts are and if there is anything I missed. + +TLDR: This company is undervalued, but has a lot of debt on the balance sheet. They are planning on a big merger which may justify buying into the company at these levels. + +*Disclaimer: I do not currently own a position in this company, but I am looking to build out a position ahead of the merger.* + +If you want to view the post with the pictures embedded you can look at my substack post [here](https://joshsinvestmentideas.substack.com/p/discovery-value-trap-or-undervalued). + +**DISCA/DISCB/DISCK - Discovery:** + +ā€œWe are a global media company that provides content across multiple distribution platforms, including linear platforms such as pay-television ("pay-TV"), free-to-air, and broadcast television, authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer ("DTC") subscription products. As one of the worldā€™s largest pay-TV programmers, we provide original and purchased content and live events to approximately 3.7 billion cumulative subscribers and viewers worldwide through networks that we wholly or partially own. As of September 30, 2021, we had 20 million total paid DTC subscribers. We distribute customized content in the U.S. and over 220 other countries and territories in nearly 50 languages. We have an extensive library of content and own most rights to our content and footage, which enables us to leverage our library to quickly launch brands and services into new markets and on new platforms. Our content can be re-edited and updated in a cost-effective manner to provide topical versions of subject matter that can be utilized around the world on a variety of platforms.ā€ [Q3 10Q Filing](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + +Discovery owns a lot of its own content and replays them on its own channels. This is going to be huge for Discoveryā€™s new move into the direct-to-consumer space under their service named **Discovery+.** Also, they currently have an upcoming merger deal that they will hopefully close in the middle of 2022. This deal will merge Discovery inc. with Warner Brothers media. I will touch on this later in more detail, but just know that there is a lot of content that they have already on the sideline that is sought after by viewers. + +Below is a list of the channels owned by Discovery: + +[US Networks Screenshot](https://imgur.com/a/VU79f0m) + +[International Networks Screenshot](https://imgur.com/a/q5b8xHu) + +**Discovery breaks itself down into the following segments:** + +* **USA Networks and International Networks each have the following categories** + * **Advertising -** ā€œAdvertising revenue is dependent upon a number of factors, including the stage of development of television markets, the number of subscribers to our channels, viewership demographics, the popularity of our content, our ability to sell commercial time over a group of channels, market demand, the mix in sales of commercial time between the upfront and scatter markets, and economic conditions.ā€ [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Distribution - ā€œ**Distribution revenue consists principally of fees from affiliates for distributing our linear networks, supplemented by revenue earned from subscription video on-demand content licensing and DTC subscription services.ā€ [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Other -** This is miscellaneous revenue related to the specific networks. + +*Note: There were revenue increases, but this is also due to acquisitions made by Discovery Inc. rather than only the core business. While the acquisitions strengthen the core business now I just wanted to note that in case you see some odd revenue upticks such as 2018 when Scripps was acquired.* + +*Below you can see how the revenues have grown since 2013:* + +[Revenue Screentshot](https://imgur.com/a/5hjdKn4) + +**Financials:** + +* Total Revenue TTM as of Q3 2021: $11.89B +* Profit Margin has been floating between \~12% - 15% + +[Profit Margin Screenshot](https://imgur.com/a/5T2mtyf) + +* Current P/E: \~15 + * DISCA: \~15 + * DISCB: \~20 + * DISCK: \~14 +* EV/EBITDA: \~3.53 +* Current Cash as of Q3 2021: $3.116B +* Total Debt as of Q3 2021: $14.785B + +**Industry** + +* One trend that has been noticeable especially over the last few years is the move from cable TV to the online subscription model(See Chart 1 below). Discovery just launched their subscription service, Discovery+, at the beginning of the year they have been able to amass 20M subscribers. The large majority of its revenue and advertising are still being brought in from the traditional cable tv market, but that is why they have launched their own DTC subscription service. Fortune Business Insights released a report where they expect the ā€œVideo streaming marketā€ to reach an $842.93B valuation with a 12% CAGR. This is up from the $342.44B market size in 2019 ([Link](https://www.globenewswire.com/news-release/2021/11/12/2333147/0/en/Worldwide-Video-Streaming-Market-Industry-is-Expected-to-Reach-USD-842-93-Billion-by-2027-at-a-CAGR-of-12-0-from-2021.html)). They are going to be competing with companies/services like Netflix, Disney+, FuboTV, Roku, Amazon Prime, Apple TV, and Peacock. + * Now this industry growth is huge and CEO David Zaslav expects Discovery to gain some market share, especially with the upcoming merger with WarnerMedia. Zaslav stated that ā€œWe think it could be \[up to\] 400 million homes over the long termā€ when speaking about the expected subscribers. + +[*Chart 1: Cable TV forecast through 2028 from Grand View Research*](https://www.grandviewresearch.com/industry-analysis/pay-television-tv-market) + +**Merger with WarnerMedia:** + +* In the first half of 2021 Discovery and Warnermedia announced an exciting opportunity to merge their brands to create a new entity. This deal was an absolute steal because AT&T is essentially spinning this off at a loss and Discovery will have access to a huge lot of movies and shows with large brands. Below you can see the mixture of Discovery brands and Warnermedia brands that are going to be combined under this merger. One item to note is the large number of sports channels that are owned by both companies since there will likely be an offering for live streaming the games or events through the DTC platforms rather than just traditional cable tv channels. One of the great things about Discoveryā€™s TV shows is that they do not cost as much as the high-budget WarnerMedia items because of the way that ā€œliveā€ tv is produced versus scripted TV shows. Also, since these TV shows have already been produced and paid for via the original advertising, both platforms now have the opportunity to sell these brands for a ā€œsecondā€ time without needing to incur any more charges besides the cost of maintaining the platforms. While Netflix has been trying to create their own TV show brands they still license a large portion of their current offering which is why this HBO and Discovery merger is such a big move. One of the great parts of merging the companies is that the subscribers likely wonā€™t cannibalize each other due to the difference in content. We will likely see an offering similar to Disney+, Hulu, and ESPN where there are combined packages, but also separate offerings in case you only want one product. As of Q3 2021, **Discovery currently reported that they have 20 million subscribers(**[**link**](https://variety.com/2021/tv/news/discovery-q3-2021-earnings-warnermedia-streaming-david-zaslav-1235103627/)**) and AT&T reported that HBO and HBO max have 69.4 million subscribers(**[**link**](https://variety.com/2021/digital/news/hbo-max-q3-2021-subscribers-att-warnermedia-earnings-1235094282/)**).** + +[Combined Channels and Series Screenshot](https://imgur.com/a/wkfvuKi) + +* **Financials of the Merger** + * The first item to note is how the actual deal will work for the shareholders and Discovery & AT&Tā€™s portion of the deal. Discovery will own 29% of the new company while AT&T will own 71% of the new company. Also, DISCA, DISCB, and DISCK will be merged into one set of shares which is why I will be buying the C shares and using the C shares valuation for my numbers. These trade at a discount due to the lack of voting rights. + +[Spinoff Screenshot](https://imgur.com/a/CTcT0a0) + +* Now the economics of the deal have been spelled out and shown via the presentation made in the middle of the year ([link](https://s27.q4cdn.com/187472364/files/doc_presentations/2021/ATT-Discovery-WM-05172021-FINAL.pdf)). The merger is expected to have \~$52B of revenue and \~$14B of expected EBITDA in 2023(Slide 10). Along with this revenue expectation they are targeting $15B+ of direct-to-consumer revenues in 2023. They expect to have around \~4.5x to \~5x leverage compared to their expected EBITDA. Zaslav recently mentioned that he expects the debt leverage to be around 4.5x ([link](https://variety.com/2021/tv/news/david-zaslav-warner-bros-discovery-zaslav-kevin-mayer-1235103664/)). + +[Expected Revenue Screenshot](https://imgur.com/a/zuZ8bFr) + +* Lastly, the sum of parts valuation presented by The Popular Investor Channel ([link to the explanation](https://youtu.be/4qyFRi51BY4?t=1164)). There are multiple ways to come up with a sum of parts for this evaluation, but I wanted to use Robā€™s video so that new investors can follow along rather than needing to spell it all out here(.....aka I am being lazy). I recreated his sheet on the DCF worksheet if you would like to go in and make your own edits. I think his calculation looks like the correct estimate, but I think the multiple should be 11 while the net debt/EBITDA ratio can be a little higher (This is to be more conservative). I will leave it the same on the sheet so you can see the comparison, but you can clearly see there is a lot of upside on this. You can also use terminal multiples to come to a conclusion if you would rather take a ā€œsimplerā€ approach. + +[Sum of Parts Screenshot from The Popular Investor Channel](https://imgur.com/a/fJfLSzY) + +**Strengths:** + +1. Brand Name and reputation - + 1. Discovery Inc. has a ton of household names for both the channels/production they own and the actual shows that they produce. ā€œDiscovery networks are also among the most-watched networks on TV. For traditional TV ratings during the most recent quarter (Q1 2021), Discovery held four of the top 15 primetime networks among its key demo of women 25-54 (TLC ranked #1.ā€ ([Link](https://corporate.discovery.com/discovery-newsroom/discovery-networks-claim-top-rankings-in-2021-beta-research-brand-identity-study/)) +2. Subscriber Growth + 1. They have reached 20 million subscribers on just the Discovery+ platform in 3 quarters since it just launched at the beginning of this year. The ad spend has slowed down due to the upcoming merger and they plan to package HBO Max and Discovery+ into an offering for both platforms. + +**Risks:** + +1. Current Leverage position + 1. Their total debt as of Q3 2021 is $14.785B and their TTM FCF as of Q3 2021 is $2.082B. While the management team has a good track record of lowering debt quickly it is still an important item to note because of the risk this poses to the business model. If you would like to see the makeup of their current debt you can look on pages 18 & 19 of their [Q3 2021 10Q](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) for a better explanation of their debt. This is a big risk to the business if there was any substantial downturn in the US economy since they would likely not be able to keep up with their debt payments. This should be factored in with your margin of safety because of the large debt component. The merger will also have a good amount of leverage, but we are focusing on just Discovery so I did not want to include it on the risks just yet. Once the merger is approved we will add in the new debt here. + +[Debt Screenshot](https://imgur.com/a/Si2vr7a) + +1. Merger not being completed or being stopped by regulators + 1. Discovery has a lot of content for viewers, but it is likely not enough to get substantial gains on the subscriber growth front of their business. David Zaslav knows that they need to be operating at scale and see that the merger will allow them to do just that. While there are agreed-upon penalty payments depending on who terminates the merger, if it were announced that the merger did not go through we will likely see a short-term decline in stock price. This market has been very reactionary and from the most recent earnings call it sounds like this company has the green light so far. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1XyElNFu4BY9mg_EbU52NGzYCaOw5B0jBtFkOpXMygLI/edit?usp=sharing). + +[DCF Screenshot](https://imgur.com/a/OZiYVLG) + +**What are their plans for the future?** + +1. Merge with WarnerMedia and grow out their Discovery+ platform along with HBOMax to give customers value. +2. Decrease leverage from an estimated 5x leverage going into the merge to 3x leverage. + +**Closing Thoughts:** + +There is a lot of risk in respect to the current debt on their balance sheet and the incoming leverage if the merger is approved. The management team has proven that they are aware of the effects of leverage and want to pay it down, but if there is a substantial downturn in the economy it will hurt Discovery the higher their leverage. The opportunity with WarnerMedia is going to be huge if they are able to merge the companyā€™s costs and employees. If/When the merger goes through they will have a lot of the top-performing channels and the top-performing tv and movie series. I currently like this company and plan on adding around the $25-$26 level for DISCK. + + +**Introduction:** + +If you missed the Archaegos blow-up in the first few months of 2021 then you are going to want to buckle up to see how disconnected this stock price is from the value of the business. Please let me know what your thoughts are and if there is anything I missed. + +TLDR: This company is undervalued, but has a lot of debt on the balance sheet. They are planning on a big merger which may justify buying into the company at these levels. + +*Disclaimer: I do not currently own a position in this company, but I am looking to build out a position ahead of the merger.* + +If you want to view the post with the pictures embedded you can look at my substack post [here](https://joshsinvestmentideas.substack.com/p/discovery-value-trap-or-undervalued). + +**DISCA/DISCB/DISCK - Discovery:** + +ā€œWe are a global media company that provides content across multiple distribution platforms, including linear platforms such as pay-television ("pay-TV"), free-to-air, and broadcast television, authenticated GO applications, digital distribution arrangements, content licensing arrangements, and direct-to-consumer ("DTC") subscription products. As one of the worldā€™s largest pay-TV programmers, we provide original and purchased content and live events to approximately 3.7 billion cumulative subscribers and viewers worldwide through networks that we wholly or partially own. As of September 30, 2021, we had 20 million total paid DTC subscribers. We distribute customized content in the U.S. and over 220 other countries and territories in nearly 50 languages. We have an extensive library of content and own most rights to our content and footage, which enables us to leverage our library to quickly launch brands and services into new markets and on new platforms. Our content can be re-edited and updated in a cost-effective manner to provide topical versions of subject matter that can be utilized around the world on a variety of platforms.ā€ [Q3 10Q Filing](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + +Discovery owns a lot of its own content and replays them on its own channels. This is going to be huge for Discoveryā€™s new move into the direct-to-consumer space under their service named **Discovery+.** Also, they currently have an upcoming merger deal that they will hopefully close in the middle of 2022. This deal will merge Discovery inc. with Warner Brothers media. I will touch on this later in more detail, but just know that there is a lot of content that they have already on the sideline that is sought after by viewers. + +Below is a list of the channels owned by Discovery: + +[US Networks Screenshot](https://imgur.com/a/VU79f0m) + +[International Networks Screenshot](https://imgur.com/a/q5b8xHu) + +**Discovery breaks itself down into the following segments:** + +* **USA Networks and International Networks each have the following categories** + * **Advertising -** ā€œAdvertising revenue is dependent upon a number of factors, including the stage of development of television markets, the number of subscribers to our channels, viewership demographics, the popularity of our content, our ability to sell commercial time over a group of channels, market demand, the mix in sales of commercial time between the upfront and scatter markets, and economic conditions.ā€ [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Distribution - ā€œ**Distribution revenue consists principally of fees from affiliates for distributing our linear networks, supplemented by revenue earned from subscription video on-demand content licensing and DTC subscription services.ā€ [- Q3 10Q Page 36](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) + * **Other -** This is miscellaneous revenue related to the specific networks. + +*Note: There were revenue increases, but this is also due to acquisitions made by Discovery Inc. rather than only the core business. While the acquisitions strengthen the core business now I just wanted to note that in case you see some odd revenue upticks such as 2018 when Scripps was acquired.* + +*Below you can see how the revenues have grown since 2013:* + +[Revenue Screentshot](https://imgur.com/a/5hjdKn4) + +**Financials:** + +* Total Revenue TTM as of Q3 2021: $11.89B +* Profit Margin has been floating between \~12% - 15% + +[Profit Margin Screenshot](https://imgur.com/a/5T2mtyf) + +* Current P/E: \~15 + * DISCA: \~15 + * DISCB: \~20 + * DISCK: \~14 +* EV/EBITDA: \~3.53 +* Current Cash as of Q3 2021: $3.116B +* Total Debt as of Q3 2021: $14.785B + +**Industry** + +* One trend that has been noticeable especially over the last few years is the move from cable TV to the online subscription model(See Chart 1 below). Discovery just launched their subscription service, Discovery+, at the beginning of the year they have been able to amass 20M subscribers. The large majority of its revenue and advertising are still being brought in from the traditional cable tv market, but that is why they have launched their own DTC subscription service. Fortune Business Insights released a report where they expect the ā€œVideo streaming marketā€ to reach an $842.93B valuation with a 12% CAGR. This is up from the $342.44B market size in 2019 ([Link](https://www.globenewswire.com/news-release/2021/11/12/2333147/0/en/Worldwide-Video-Streaming-Market-Industry-is-Expected-to-Reach-USD-842-93-Billion-by-2027-at-a-CAGR-of-12-0-from-2021.html)). They are going to be competing with companies/services like Netflix, Disney+, FuboTV, Roku, Amazon Prime, Apple TV, and Peacock. + * Now this industry growth is huge and CEO David Zaslav expects Discovery to gain some market share, especially with the upcoming merger with WarnerMedia. Zaslav stated that ā€œWe think it could be \[up to\] 400 million homes over the long termā€ when speaking about the expected subscribers. + +[*Chart 1: Cable TV forecast through 2028 from Grand View Research*](https://www.grandviewresearch.com/industry-analysis/pay-television-tv-market) + +**Merger with WarnerMedia:** + +* In the first half of 2021 Discovery and Warnermedia announced an exciting opportunity to merge their brands to create a new entity. This deal was an absolute steal because AT&T is essentially spinning this off at a loss and Discovery will have access to a huge lot of movies and shows with large brands. Below you can see the mixture of Discovery brands and Warnermedia brands that are going to be combined under this merger. One item to note is the large number of sports channels that are owned by both companies since there will likely be an offering for live streaming the games or events through the DTC platforms rather than just traditional cable tv channels. One of the great things about Discoveryā€™s TV shows is that they do not cost as much as the high-budget WarnerMedia items because of the way that ā€œliveā€ tv is produced versus scripted TV shows. Also, since these TV shows have already been produced and paid for via the original advertising, both platforms now have the opportunity to sell these brands for a ā€œsecondā€ time without needing to incur any more charges besides the cost of maintaining the platforms. While Netflix has been trying to create their own TV show brands they still license a large portion of their current offering which is why this HBO and Discovery merger is such a big move. One of the great parts of merging the companies is that the subscribers likely wonā€™t cannibalize each other due to the difference in content. We will likely see an offering similar to Disney+, Hulu, and ESPN where there are combined packages, but also separate offerings in case you only want one product. As of Q3 2021, **Discovery currently reported that they have 20 million subscribers(**[**link**](https://variety.com/2021/tv/news/discovery-q3-2021-earnings-warnermedia-streaming-david-zaslav-1235103627/)**) and AT&T reported that HBO and HBO max have 69.4 million subscribers(**[**link**](https://variety.com/2021/digital/news/hbo-max-q3-2021-subscribers-att-warnermedia-earnings-1235094282/)**).** + +[Combined Channels and Series Screenshot](https://imgur.com/a/wkfvuKi) + +* **Financials of the Merger** + * The first item to note is how the actual deal will work for the shareholders and Discovery & AT&Tā€™s portion of the deal. Discovery will own 29% of the new company while AT&T will own 71% of the new company. Also, DISCA, DISCB, and DISCK will be merged into one set of shares which is why I will be buying the C shares and using the C shares valuation for my numbers. These trade at a discount due to the lack of voting rights. + +[Spinoff Screenshot](https://imgur.com/a/CTcT0a0) + +* Now the economics of the deal have been spelled out and shown via the presentation made in the middle of the year ([link](https://s27.q4cdn.com/187472364/files/doc_presentations/2021/ATT-Discovery-WM-05172021-FINAL.pdf)). The merger is expected to have \~$52B of revenue and \~$14B of expected EBITDA in 2023(Slide 10). Along with this revenue expectation they are targeting $15B+ of direct-to-consumer revenues in 2023. They expect to have around \~4.5x to \~5x leverage compared to their expected EBITDA. Zaslav recently mentioned that he expects the debt leverage to be around 4.5x ([link](https://variety.com/2021/tv/news/david-zaslav-warner-bros-discovery-zaslav-kevin-mayer-1235103664/)). + +[Expected Revenue Screenshot](https://imgur.com/a/zuZ8bFr) + +* Lastly, the sum of parts valuation presented by The Popular Investor Channel ([link to the explanation](https://youtu.be/4qyFRi51BY4?t=1164)). There are multiple ways to come up with a sum of parts for this evaluation, but I wanted to use Robā€™s video so that new investors can follow along rather than needing to spell it all out here(.....aka I am being lazy). I recreated his sheet on the DCF worksheet if you would like to go in and make your own edits. I think his calculation looks like the correct estimate, but I think the multiple should be 11 while the net debt/EBITDA ratio can be a little higher (This is to be more conservative). I will leave it the same on the sheet so you can see the comparison, but you can clearly see there is a lot of upside on this. You can also use terminal multiples to come to a conclusion if you would rather take a ā€œsimplerā€ approach. + +[Sum of Parts Screenshot from The Popular Investor Channel](https://imgur.com/a/fJfLSzY) + +**Strengths:** + +1. Brand Name and reputation - + 1. Discovery Inc. has a ton of household names for both the channels/production they own and the actual shows that they produce. ā€œDiscovery networks are also among the most-watched networks on TV. For traditional TV ratings during the most recent quarter (Q1 2021), Discovery held four of the top 15 primetime networks among its key demo of women 25-54 (TLC ranked #1.ā€ ([Link](https://corporate.discovery.com/discovery-newsroom/discovery-networks-claim-top-rankings-in-2021-beta-research-brand-identity-study/)) +2. Subscriber Growth + 1. They have reached 20 million subscribers on just the Discovery+ platform in 3 quarters since it just launched at the beginning of this year. The ad spend has slowed down due to the upcoming merger and they plan to package HBO Max and Discovery+ into an offering for both platforms. + +**Risks:** + +1. Current Leverage position + 1. Their total debt as of Q3 2021 is $14.785B and their TTM FCF as of Q3 2021 is $2.082B. While the management team has a good track record of lowering debt quickly it is still an important item to note because of the risk this poses to the business model. If you would like to see the makeup of their current debt you can look on pages 18 & 19 of their [Q3 2021 10Q](https://s27.q4cdn.com/187472364/files/doc_financials/2021/q3/DISCA-2021.9.30-10Q-Filed-copy.pdf) for a better explanation of their debt. This is a big risk to the business if there was any substantial downturn in the US economy since they would likely not be able to keep up with their debt payments. This should be factored in with your margin of safety because of the large debt component. The merger will also have a good amount of leverage, but we are focusing on just Discovery so I did not want to include it on the risks just yet. Once the merger is approved we will add in the new debt here. + +[Debt Screenshot](https://imgur.com/a/Si2vr7a) + +1. Merger not being completed or being stopped by regulators + 1. Discovery has a lot of content for viewers, but it is likely not enough to get substantial gains on the subscriber growth front of their business. David Zaslav knows that they need to be operating at scale and see that the merger will allow them to do just that. While there are agreed-upon penalty payments depending on who terminates the merger, if it were announced that the merger did not go through we will likely see a short-term decline in stock price. This market has been very reactionary and from the most recent earnings call it sounds like this company has the green light so far. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1XyElNFu4BY9mg_EbU52NGzYCaOw5B0jBtFkOpXMygLI/edit?usp=sharing). + +[DCF Screenshot](https://imgur.com/a/OZiYVLG) + +**What are their plans for the future?** + +1. Merge with WarnerMedia and grow out their Discovery+ platform along with HBOMax to give customers value. +2. Decrease leverage from an estimated 5x leverage going into the merge to 3x leverage. + +**Closing Thoughts:** + +There is a lot of risk in respect to the current debt on their balance sheet and the incoming leverage if the merger is approved. The management team has proven that they are aware of the effects of leverage and want to pay it down, but if there is a substantial downturn in the economy it will hurt Discovery the higher their leverage. The opportunity with WarnerMedia is going to be huge if they are able to merge the companyā€™s costs and employees. If/When the merger goes through they will have a lot of the top-performing channels and the top-performing tv and movie series. I currently like this company and plan on adding around the $25-$26 level for DISCK. +I'm buying a cheap foreclosed home from out of state. Already under contract, closing soon. I flew out there to do a quick walkthrough of the home before closing, and the realtor the bank is using refused to allow me to enter the house at all. Claimed liability issues despite the home not being condemned or anything like that. + +Is that normal or a red flag? While the contract waived inspection, this isn't a formal inspection. It's just making sure nothing's changed inside over the last month. + +UPDATE: Thanks, everyone, for all the advice and info. I backed out and my earnest money is being returned. +According to a post by [RxSaver](https://www.rxsaver.com/blog/cost-of-insulin-without-insurance) the current cost of a vial of insulin without insurance in the united states is $444 + +As of right now, using Monero, you can have a vial of insulin sent to your doorstep for $ 91.18. + +I say this so when people try to make the drug argument, it's important to remember not all drugs are illegal, and for some people, using Monero and darknet markets are their only option to survive. + +For as much as people will label XMR as the devil's crypto, remember it is the one saving the most lives. + +That is all + +-edit- + +To those arguing the specifics of Insulin please understand the specific drug isn't the point. Any drug that is in one way unobtainable is obtainable, feel free to swap out the prescription drug of your choice. + +Also please don't ask questions that can lead to bans. +I am making /r/pyfinance. + +I notice most of the links/discussion are catered towards R programmers. I personally find R ugly and annoying to use and am very comfortable with python and would much rather start trading with python rather than R. Does anyone else feel the same way? + +Thanks in advance +I mainly created this thread because of so many users coming here and saying bitcoin is old and outdated. These users are very misinformed. They've been fed misinformation by people that are profiting from spreading misinformation. + +**Just read the bold text if this thread is too long for you.** The bold text is the summarized version and it contains all of most important information within this long wall of this text. I did this for users who don't like to read long posts. I know it's still long. + +**If you'r a bitcoin veteran and you already know a lot about bitcoin:** Skip straight to the two bold paragraphs second from the bottom. They contain information about most of bitcoin's recent developments and second layer protocols. + +**Bitcoin is just a protocol. It was released in 2009** + +**TCP/IP are just protocols that were released in 1972. You could call them the backbone of the internet. Look at how long it took us to get to the internet that we have today, where TCP/IP is the backbone.** + +[**Click here to read a bit about TCP/IP and blockchain technology.**](https://hbr.org/2017/01/the-truth-about-blockchain) + +HTTP is just a protocol that was released in 1991. You could call it the backbone of the world wide web. + +SMTP is just a protocol that was released in 1982. And IMAP is just a protocol that was released in 1986. You could call these protocols the backbone of email. Many people used to say that email was useless and nobody would ever use it. + +TCP/IP was actually developed by cypherpunks just like bitcoin, PGP, and many other great protocols and technologies. In fact, two cypherpunks by the names of Hal and Len actually lived near each other and both helped develop TCP/IP. And they are also two of the three most likely candidates for being Satoshi. But that's not important. + +People used to say computers and the internet was a useless waste too. Computers do use far more electricity than bitcoin mining. So perhaps they were right after all. + +We are in the early majority. Bitcoin hasn't had it's Windows 95 moment yet, and I'll explain that statement below. + +**Do you remember back in 1990 when everyone had heard of the internet but you didn't know anyone who used it? This is much like bitcoin right now, and even less people use the lightning network. Both are still in beta. February 1991 is when AOL for DOS was released. AOL for DOS made the internet fairly easy for everyone to use. But you still probably didn't know anyone who used it, and you probably didn't use it yourself. The internet didn't start getting popular until Windows 95 came out and most people still didn't use it for more years.** + +**I can't wait to see where bitcoin is in a 12 years where it will be 23 years old. It was 1995 back when TCP/IP was 23 years old.** + +[**Click here to watch/listen to some news clips talking about the internet and email back in 1995 when TCP/IP was 23 years old.**](https://www.youtube.com/watch?v=95-yZ-31j9A) This was also the same year that Windows 95 was released. + +**Bitcoin has the potential to be the backbone of the financial system.** And that's what people like the rocket scientist Michael Saylor are betting on. Michael Saylor is the same MIT graduate that predicted the mobile wave. + +I want to inform you all that **I am not a bitcoin maximalist.** And my favorite cryptocurrency is actually an altcoin. I know you're shocked to hear that. But bitcoin holders please fear not, because **I still see bitcoin as the safest bet. And I also see bitcoin as the only protocol that has the potential to be the backbone of the financial system.** If this happened, then companies and countries would be using on-chain payments to settle large payments. There could be bitcoin backed currencies (like gold backed currencies of the past) and even bitcoin banks. **Hal Finney predicted there would be bitcoin banks in the future all the way back in 2010** Most people would be using second layer payment protocols to send bitcoin in milliseconds and costing almost no fees. And these **second layer protocols like the lightning network take a negligible amount of electricity to operate. Bitcoin can scale to handle as much demand as the world can create because of it's second layer protocols.** + +Satoshi didn't create bitcoin to get rich. **He created bitcoin to allow online payments to be sent directly from one person to another without requiring trust or permission of anyone else.** Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as bitcoin. **Bitcoin has the most users, largest infrastructure, no premine, no developer fund/tax, no leader, longest track record, is the most secure, is the most decentralized, and bitcoins circulated freely for 18 months before ever having any monetary value which can never even be replicated by an altcoin because the genie is out of the bottle now.** And unlike the founders of every altcoin, Satoshi never cashed out. The issuance schedule and maximum supply of bitcoin are both clearly defined and will never change. Bitcoin development is decentralized and anyone can contribute because Satoshi published bitcoin under the MIT license so that it's open source and anyone is free to do anything with the source code. Bitcoin protocol rule changes are also decentralized because they require nodes to come to consensus.** All of this is why bitcoin is so vastly different than altcoins. + +Cryptocurrency is full of scammers/grifters, ignorance, and people that actually believe the lies because they've been sucked into altcoin cults. Gamblers use altcoins for trading/gambling to increase their bitcoin stack [or even their ETH stack if they don't understand bitcoin and cryptocurrency,](http://www.youtube.com/watch?v=T89gsJ2MsG8&t=47m24s) and they aren't aware that Gary Gensler, the current Chair of the SEC, just said that "a lot of crypto tokens, I won't call them cryptocurrencies for this moment, are indeed non-compliant securities" this week. And nobody told them that the SEC disregarded previous claims made by Bill Hinman, former director of the SECā€™s Division of Corporation Finance, who suggested that offers and sales of ETH are not securities transactions. But enough about that. + +Gambling on altcoins can be very profitable during a bull run because the altcoin market is basically a short term casino where you actually have a good chance of winning. It's a relatively easy way to increase your bitcoin stack. + +**If you properly handle your private keys, then your bitcoin can't be stolen or seized and nobody can stop you from sending it to anyone else.** + +**Any protocol rule change that doesn't make any previously invalid blocks now valid is called a soft fork.** This would be a miner upgrade and is easier to accomplish, we can give the mining nodes a chance to upgrade, bip9 can be used, or the nodes can just run compatible software. + +**All protocol rule changes must be agreed upon by fully validating bitcoin nodes.** Even if the mining nodes don't agree, if the full nodes come to consensus and make a rule change, people will continue to mine as long as it's profitable to mine, so the miners have to deal with it or piss off and other people will mine. The mining difficulty will adjust every 2016 blocks regardless. So when it comes down to it, only the users who run fully validating bitcoin nodes are in charge of bitcoin. + +**Fully validating bitcoin nodes must come to consensus on any rule change that makes any previously invalid blocks now valid, and that's called a hard fork.** This would be a pretty big upgrade, and it would be difficult to pull off with bitcoin because it's decentralized. And that's a good thing. + +**There is a maximum supply of 21 million bitcoin**, and that will never change. Satoshi designed the protocol so that **miners solve a block every 10 minutes on average**. The block reward started at 50 BTC. **The block reward gets divided by 2 every 210,000 blocks** (4 years if the hashrate remained constant), which we call the block reward halving. The block reward is currently 6.25 bitcoin and the next block reward halving will happen around April 2024. And then the block reward will be 3.125 bitcoin. **The mining difficulty adjustments every 2016 blocks** which is approximately 2 weeks. So if it's profitable for people to mine, then hardware gets turned on and the mining difficulty increases. But if the price of bitcoin lowers so that some hardware is unprofitable to run, then it gets turned off and the mining difficulty decreases. And as the block reward gets divided by 2 every 210 thousand blocks, the **transaction fees will continue to incentivize miners to secure the network even when the block reward is minuscule.** + +Many users here like to repeat that the last bitcoin wont be mined until 2140. And while it is true that the last satoshi will not be mined until 2140. It is also true that **approximately 97% of bitcoins will be mined by 2032**, and the block reward will just be 0.78125 BTC at that time. But if bitcoin is worth, for example, a million dollars, then the block reward alone in 2032 would be worth more than the current block reward + transaction fees at this time. That's not even accounting for all of the transaction fees that the miners will also be collecting from the transactions that they include in blocks. + +Bitcoin is constantly being developed. **Bitcoin also has second layer protocols that are constantly being developed and they don't require any consensus.** So anyone can just create second layer protocols for bitcoin and nobody needs to agree on anything. It's up to the users of bitcoin if they want to use various second layer protocols that maximize the user experience. **One of bitcoin's second layer payment protocols is called the lightning network. It's still in beta but it already allows an unlimited amount of users to send and receive bitcoin transactions in milliseconds for extremely minuscule fees.** + +[**Bitfinex**](https://www.bitfinex.com/), [**Okcoin**](https://www.okcoin.com/), and [**Strike by Zap**](https://beta.strike.me/faq) have already integrated the lightning network so that people can deposit and withdraw bitcoin using it and [**Kraken**](https://www.kraken.com/) **will be integrating the lightning network later this year.** Kraken even has a US banking charter and [**Kraken Bank**](https://www.kraken.com/en-us/bank) plans to offer most typical banking services later this year. + +**For newbies wanting to try out the lightning network:** I only recommend you to use [**Muun**](https://muun.com/) wallet or [**Phoenix**](https://phoenix.acinq.co/) wallet. They're both user friendly and they allow users to send and receive on-chain transactions or lightning transactions, all from the same wallet. [**BlueWallet**](https://bluewallet.io/) is also a great choice but it's more advanced than Muun and Phoenix. + +**For US residents only:** Consider trying out [**Strike**](https://beta.strike.me/faq) by Zap. It has no fees and it allows Americans to use cash in their bank account to buy bitcoin and have it be sent anywhere in milliseconds using the lightning network. Or they can send a lightning payment and receive cash in their bank. So Americans can use Strike app to fund lightning integrated exchanges with bitcoin instantly, to fund their lightning channels with satoshis, or to make instant bitcoin lightning payments, and all without any fees. I believe that Strike is also capable of sending and receiving on-chain bitcoin payments + +**Bitcoin has second layer protocols like the lightning network and statechains. The lightning network allows an unlimited amount of users to sent and receive bitcoin in milliseconds for almost no fees, and uses minuscule electricity. Bitcoin also has a second layer protocol called statechains that allow non-custodial off chain transfers which bypass paying transaction fees and waiting for confirmations. And statechains can also be turned directly into lightning channels at will. So statechains allow users to open and close lightning channels without performing any on-chain transactions, without paying a transaction fee, and without waiting for a confirmation.** + +**Bitcoin is also switching to schnorr signatures and activating taproot this year which will improve privacy, security, and efficiency. This will also lower the operating costs of running a node and the transaction fees for exchanges by an expected 30% and it will also allow us to use many more second layer protocols that have been developed. This will also allow us to create massive multi-signature transactions that are substantially smaller in size, and will even allow users to aggregate all the multiple signatures of a transaction into one (multiple signers can produce a joint public key and then jointly sign with a single signature). Shnorr signatures and taproot will also allow us to use the coinswap protocol which is pretty self explanatory, the musig2 protocol which will allow aggregating public keys and signatures, new discreet log contracts which increases privacy and scalability minimizes the trust required in the oracle which provides external data for the contract, and point time locked contracts which will improve the privacy of bitcoin payments using the lightning network. Trustless cross chain atomic swaps should also be available towards the end of this year. Schnorr signatures also makes multi-signature and single-signature transactions indistinguishable on the blockchain so an observer will not even be able to tell if a multi-signature transaction or a trustless cross chain atomic swap has happened by viewing the blockchain. NFTs can also be done on bitcoin and that's where they were done first back in 2012. There's also various sidechains in development, including liquid network. There's the RGB protocol which will allow smart contracts to be done using bitcoin on the lightning network. And much more.** + +**Money (not fiat currency) always evolves in four stages** (this is from the *what is money?* section of *The Nature and Creation of Money* chapter of a college course on *Principles of Macroeconomics*). **Bitcoin is currently going through the second stage of the evolution of money, which is a store of value.** The next stage is a widely used medium of exchange. Bitcoin may evolve into the third stage in 5 years, in 7 years, in 12 years, or **bitcoin may never evolve passed the second stage**. The final stage of the evolution of money is a unit of account. Bitcoin is also currently going through price discovery. **Bitcoin's true value needs to be found before it will ever be a widely used medium of exchange The lightning network also to be adopted by the users, merchants, and exchanges before it's even possible for bitcoin to evolve into a widely used medium of exchange.** +Edit: This is year to date. The volume for previous years when GME was like $2 or $4 doesn't really matter when it comes to analyzing the short squeeze. + +Previous record: 4,961,500 on Jan 5th. 6 days later, huge spike in volume, price spiked shortly after that. + +For all y'all new apes out there, why we want to see a low volume because it indicates that everyone is HODLING and that the HFs who desperately need our shares to cover are getting absolutely jack shit. + +This is basically is like winding the spring for a jack-in-the-box. When the spring is winding, not much is happening, kinda boring. But once that spring is fully wound. BAM. Tendies come flying out of the box all over your face. + +Edit 2: I'm not saying that the past will repeat itself, but I'm just highlighting what had happened in the past when the volume was like super super low. What happens this time, who knows! All I know is BUY and HODL +I (36M) grew up very middle class in a large family. While a couple of my brothers have been successful, none have come close to my annual income ($1m). + +No one in our family has a clue about how much we make (live very modestly- expenses ~$60k/yr until now), but we recently bought a new home and theyā€™re going to figure it out or think weā€™re drowning in debt. + +Iā€™m almost embarrassed by it. + +I donā€™t think anything will change, but Iā€™m wondering how others have approached this. Iā€™m sure Iā€™m not the only one. + +Not fat yet, but should be in a couple of years. +*Ok, this may be huge or it may mean nothing depending how you interpret the content of this ruling, so I will go ahead and summarize this because I think it's relevant to GME.* + +[https://www.federalregister.gov/documents/2021/05/14/2021-10173/self-regulatory-organizations-ice-clear-credit-llc-order-approving-proposed-rule-change-relating-to](https://www.federalregister.gov/documents/2021/05/14/2021-10173/self-regulatory-organizations-ice-clear-credit-llc-order-approving-proposed-rule-change-relating-to) + +This is a 22 page SEC approval of the proposed changes brought up by ICE Clear Credit LCC (ā€œICCā€), a covered clearing agency. So what is a *Covered clearing agency?* It is a registered clearing agency that provides the services of a central counterparty or central securities depository. In order to address counterparty risk, members must provide collateral to ICE Trust \[ICE Clear Credit LLC since July 16, 2011\] to cover their obligations under cleared CDS (credit derivatives). Members must also make initial and ongoing contributions to a guaranty fund that can be used by ICE Trust in the event of a member default (Forrester et al 2009). + +As published on their website, "*Financial resources held at the clearing house, including margin and clearing member guaranty funds, total more than $33 billion.* + +*ICE Clear Credit's current margin on deposit is $46,399,000,000. In the event of a default, only the margin of the defaulting clearing participant and defaulting customer may be used for default management. In the event the resources of a defaulting clearing participant are insufficient to cure the default, the below financial res*ources are available to ICE Clear Credit: Minimum Total Assets available $3,213,000,000". + +Back to the SEC approval. ICC was asking the SEC to update and formalize the ICC Recovery Plan and the ICC Wind-Down Plan in case of credit losses, liquidity shortfalls, losses from general business risk, or any other losses **in the event that it comes under severe stress**. The Recovery Plan discusses the tools that are available to ICC to address a situation where ICC experiences liquidity shortfalls triggered by a default of one or more CPs (Citadel and Co?) and has insufficient liquid resources in the proper currency to meet payments obligations. . The first step of the recover plan starts with the Default Committee, which is responsible for assisting ICC during the execution of certain default management and recovery procedures and convenes upon the declaration of default. They basically meet as soon as s\*\*\* hits the fan (in this case, a hedge fund/member gets margin called). + +Their proposed Wind-Down plan provides a plan for orderly wind-down of ICC in the event the actions described in the Recovery Plan fail. If ICC runs out of money, the obligations are transferred to another clearinghouse, or ICC is sold to another entity. + +This is the summary of the 22 page ruling and hopefully others can offer their insights on this. +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! + +Hey everyone, + +&#x200B; + +I was hoping to see if a phenomenon I have been seeing is city specific or also happening elsewhere. + +&#x200B; + +I try to keep up with market rates monthly. Furthermore, I have noticed a huge increase in rent prices in C or lower properties but no such increase in A or B. In fact, the rents are very similar at this point. I am hoping someone who has been in this business for 10+ years can chime in with what they think may be going on and if they have ever seen something similar happening. +In light of of u/Seanv112's [post on XRT institutional ownership exceeding the shares outstanding](https://www.reddit.com/r/Superstonk/comments/uz870e/how_does_a_canadian_retirement_fund_have_8/), I wanted to dig deeper. It was the first comment (and I comment alot, lol) that got so many anonymous (expensive) awards...it was weird and I felt compelled to dig. + +# "How many etf's holding GME exceed their outstanding shares and how many are close to fully owned?" + +Based on [etf.com](https://etf.com), there are **102 ETFs** that hold GME \[1\]. To keep this simple and precise, I built a program to pull all etf shares owned with a source date of 2022, ignoring calls/puts, for the relative etf from [whalewisdom.com](https://whalewisdom.com) and aggregated the total institutional ownership. Shares outstanding for the etf is sourced from [Fidelity.com](https://Fidelity.com). GME shares are directly from *end of day* totals for each etf's website/disclosure, sorry for the obscure links, some of them are to the csv from the etf that my program is utilizing as source. + +I have an inclination to look at all the etf's (not only the ones from [etf.com](https://etf.com)) since even whalewisdom is incorrect on each etf's GME allocation. + +|*ETF*|*Shares Outstanding*|*GME Allocation Market Cap Based*|*GME Shares*|*2022 Institutional Ownership of ETF*|*2022 Institutional Ownership of ETF %*| +|:-|:-|:-|:-|:-|:-| +|\[!\]XRT|[9.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XRT)|1.562636%|[68,435](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-xrt.xlsx)|[47,534,054](https://whalewisdom.com/stock/xrt)|511.12%| +|\[!\]FXD|[9.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FXD)|0.47%|[16,784](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FXD)|[24,101,067](https://whalewisdom.com/stock/fxd)|248.46%| +|\[!\]SMDY|[250.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SMDY)|0.57%|[394](https://www.syntaxadvisors.com/files/syntax-stratified-midcap-etf/holdings?holding_date=2022-05-26)|[262,746](https://whalewisdom.com/stock/smdy)|105.1%| +|\[!\]VLU|[1.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VLU)|0.009146%|[178](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-vlu.xlsx)|[1,997,741](https://whalewisdom.com/stock/vlu)|110.99%| +|IJH|[246.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IJH)|0.39%|[1,778,555](https://www.ishares.com/us/products/239763/#holdings)|[186,908,299](https://whalewisdom.com/stock/ijh)|75.89%| +|VTI|[1.3B](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTI)|0.02%|[1,886,638](https://investor.vanguard.com/etf/profile/portfolio/VTI/portfolio-holdings)|[395,916,032](https://whalewisdom.com/stock/vti)|30.46%| +|MDY|[40.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MDY)|0.389269%|[534,331](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-mdy.xlsx)|[25,884,729](https://whalewisdom.com/stock/mdy)|63.91%| +|IJK|[96.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IJK)|0.82%|[414,259](https://www.ishares.com/us/products/239762/#holdings)|[69,480,939](https://whalewisdom.com/stock/ijk)|72%| +|VB|[219.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VB)|0.08%|[814,281](https://investor.vanguard.com/etf/profile/portfolio/VB/portfolio-holdings)|[135,265,414](https://whalewisdom.com/stock/vb)|61.54%| +|VBR|[145.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VBR)|0.14%|[530,547](https://investor.vanguard.com/etf/profile/portfolio/VBR/portfolio-holdings)|[98,621,329](https://whalewisdom.com/stock/vbr)|67.92%| +|VO|[235.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VO)|0.06%|[738,229](https://investor.vanguard.com/etf/profile/portfolio/VO/portfolio-holdings)|[149,223,689](https://whalewisdom.com/stock/vo)|63.5%| +|VTV|[707.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTV)|0.02%|[270,909](https://investor.vanguard.com/etf/profile/portfolio/VTV/portfolio-holdings)|[479,268,473](https://whalewisdom.com/stock/vtv)|67.77%| +|IWP|[139.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWP)|0.29%|[252,214](https://www.ishares.com/us/products/239717/#holdings)|[106,134,660](https://whalewisdom.com/stock/iwp)|76.25%| +|VOE|[114.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VOE)|0.12%|[273,332](https://investor.vanguard.com/etf/profile/portfolio/VOE/portfolio-holdings)|[70,785,585](https://whalewisdom.com/stock/voe)|61.88%| +|IWF|[261.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWF)|0.05%|[215,300](https://www.ishares.com/us/products/239706/#holdings)|[200,278,123](https://whalewisdom.com/stock/iwf)|76.71%| +|VXF|[94.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VXF)|0.11%|[822,382](https://investor.vanguard.com/etf/profile/portfolio/VXF/portfolio-holdings)|[52,652,431](https://whalewisdom.com/stock/vxf)|55.6%| +|IWR|[395.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWR)|0.09%|[181,231](https://www.ishares.com/us/products/239718/#holdings)|[309,461,779](https://whalewisdom.com/stock/iwr)|78.19%| +|SCHM|[132.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHM)|0.21%|[150,158](https://www.schwabassetmanagement.com/products/schm#portfolio)|[77,868,602](https://whalewisdom.com/stock/schm)|58.68%| +|SPMD|[114.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPMD)|0.39099%|[145,554](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-spmd.xlsx)|[96,420,075](https://whalewisdom.com/stock/emm)|84.14%| +|VCR|[18.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VCR)|0.18%|[86,384](https://investor.vanguard.com/etf/profile/portfolio/VCR/portfolio-holdings)|[10,283,792](https://whalewisdom.com/stock/vcr)|56.2%| +|FNDA|[115.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNDA)|0.22765%|[102,179](https://www.schwabassetmanagement.com/products/fnda#portfolio)|[73,904,994](https://whalewisdom.com/stock/fnda)|63.88%| +|MDYG|[22.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MDYG)|0.82162%|[92,254](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-400-mid-cap-growth-etf-mdyg)|[15,829,936](https://whalewisdom.com/stock/emg)|71.63%| +|IVOG|[4.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IVOG)|0.74%|[52,601](https://investor.vanguard.com/etf/profile/portfolio/IVOG/portfolio-holdings)|[1,594,274](https://whalewisdom.com/stock/ivog)|38.88%| +|ITOT|[445.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ITOT)|0.02%|[61,135](https://www.ishares.com/us/products/239724/#holdings)|[274,879,704](https://whalewisdom.com/stock/isi)|61.76%| +|IVOO|[8.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IVOO)|0.36%|[80,066](https://investor.vanguard.com/etf/profile/portfolio/IVOO/portfolio-holdings)|[3,681,189](https://whalewisdom.com/stock/ivoo)|43.31%| +|XMHQ|[4.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XMHQ)|1.953%|[47,448](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=XMHQ)|[2,980,794](https://whalewisdom.com/stock/pjg)|63.42%| +|SCHX|[601.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHX)|0.02152%|[48,357](https://www.schwabassetmanagement.com/products/schx#portfolio)|[408,310,334](https://whalewisdom.com/stock/schx)|67.86%| +|IWB|[124.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWB)|0.02%|[46,861](https://www.ishares.com/us/products/239707/#holdings)|[95,379,051](https://whalewisdom.com/stock/iwb)|76.92%| +|IUSG|[124.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IUSG)|0.05%|[39,579](https://www.ishares.com/us/products/239713/#holdings)|[85,215,218](https://whalewisdom.com/stock/iwz)|68.45%| +|VONG|[112.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VONG)|0.04%|[32,836](https://investor.vanguard.com/etf/profile/portfolio/VONG/portfolio-holdings)|[89,677,366](https://whalewisdom.com/stock/vong)|80.07%| +|VV|[134.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VV)|0.01%|[33,794](https://investor.vanguard.com/etf/profile/portfolio/VV/portfolio-holdings)|[89,110,865](https://whalewisdom.com/stock/vv)|66.35%| +|SCHB|[431.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHB)|null%|[31,325](https://www.schwabassetmanagement.com/products/schb#portfolio)|[151,244,267](https://whalewisdom.com/stock/schb)|35.07%| +|VT|[256.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VT)|0.01%|[30,575](https://investor.vanguard.com/etf/profile/portfolio/VT/portfolio-holdings)|[60,402,934](https://whalewisdom.com/stock/vt)|23.56%| +|SCHV|[146.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SCHV)|0.03726%|[28,886](https://www.schwabassetmanagement.com/products/schv#portfolio)|[99,619,101](https://whalewisdom.com/stock/schv)|68.05%| +|NUSC|[27.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=NUSC)|0.3%|[22,468](https://www.nuveen.com/en-us/exchange-traded-funds/nusc-nuveen-esg-small-cap-etf)|[20,332,243](https://whalewisdom.com/stock/nusc)|73.14%| +|ESML|[42.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ESML)|0.21%|[22,341](https://www.ishares.com/us/products/296644/#holdings)|[27,194,087](https://whalewisdom.com/stock/esml)|64.44%| +|OMFL|[45.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=OMFL)|0.122%|[18,753](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=OMFL)|[33,851,601](https://whalewisdom.com/stock/omfl)|75.23%| +|RFG|[1.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=RFG)|0.842%|[17,370](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=RFG)|[694,012](https://whalewisdom.com/stock/rfg)|46.27%| +|BUZZ|[5.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BUZZ)|4.02%|[23,099](https://www.vaneck.com/us/en/investments/social-sentiment-etf-buzz/holdings/)|[375,577](https://whalewisdom.com/stock/buzz)|7.36%| +|FDIS|[17.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FDIS)|0.2%|[17,409](https://www.actionsxchangerepository.fidelity.com/ShowDocument/documentPDF.htm?clientId=Fidelity&applicationId=ETF&securityId=316092204&docType=DALY&docFormat=pdf&securityIdType=CUSIP&collectionId=683315&docName=1.T01-DALY.pdf&criticalIndicator=N&pdfReaderStatus=Y)|[4,895,629](https://whalewisdom.com/stock/fdis)|27.82%| +|IWV|[45.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IWV)|0.02%|[16,933](https://www.ishares.com/us/products/239714/#holdings)|[25,910,845](https://whalewisdom.com/stock/iwv)|56.95%| +|GINN|[7.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=GINN)|0.2%|[5,236](https://www.gsam.com/content/gsam/us/en/advisors/fund-center/etf-fund-finder/goldman-sachs-innovate-equity-etf.html#activeTab=holdings&scType=Common%20Shares)|[5,612,689](https://whalewisdom.com/stock/ginn)|71.96%| +|RWK|[4.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=RWK)|0.49%|[14,072](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=RWK)|[2,603,452](https://whalewisdom.com/stock/rwk)|59.17%| +|DSI|[48.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=DSI)|0.05%|[13,012](https://www.ishares.com/us/products/239667/#holdings)|[24,040,751](https://whalewisdom.com/stock/dsi)|49.16%| +|JHMM|[50.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JHMM)|0.42%|[457](https://www.jhinvestments.com/investments/etf/us-equity-funds/multifactor-mid-cap-etf-jhmm#topTenHoldings)|[35,212,107](https://whalewisdom.com/stock/jhmm)|69.59%| +|IYC|[12.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IYC)|0.19%|[11,164](https://www.ishares.com/us/products/239506/#holdings)|[6,392,886](https://whalewisdom.com/stock/iyc)|50.34%| +|ESGV|[81.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ESGV)|0.03%|[11,479](https://investor.vanguard.com/etf/profile/portfolio/ESGV/portfolio-holdings)|[23,319,157](https://whalewisdom.com/stock/esgv)|28.51%| +|FNX|[10.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNX)|0.13%|[9,239](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FNX)|[6,053,354](https://whalewisdom.com/stock/fnx)|57.65%| +|PRF|[35.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=PRF)|0.02%|[8,408](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=PRF)|[24,263,072](https://whalewisdom.com/stock/prf)|67.96%| +|SPTM|[108.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPTM)|0.02049%|[8,311](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-sptm.xlsx)|[64,970,782](https://whalewisdom.com/stock/tmw)|59.72%| +|IMCG|[18.8M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCG)|0.1%|[7,680](https://www.ishares.com/us/products/239583/#holdings)|[8,639,257](https://whalewisdom.com/stock/jkh)|45.95%| +|VONE|[14.5M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VONE)|0.02%|[8,411](https://investor.vanguard.com/etf/profile/portfolio/VONE/portfolio-holdings)|[10,505,942](https://whalewisdom.com/stock/vone)|72.45%| +|IMCB|[12.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCB)|0.1%|[5,943](https://www.ishares.com/us/products/239582/#holdings)|[7,335,254](https://whalewisdom.com/stock/jkg)|57.76%| +|SFYF|[650.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SFYF)|3.93%|[4,795](https://www.sofi.com/invest/etfs/sfyf/)|[32,378](https://whalewisdom.com/stock/sfyf)|4.98%| +|SMMD|[7.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SMMD)|0.15%|[4,603](https://www.ishares.com/us/products/288024/#holdings)|[4,352,664](https://whalewisdom.com/stock/smmd)|59.63%| +|JMOM|[5.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JMOM)|0.25%|[4,296](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-u-s-momentum-factor-etf-etf-shares-46641q779#/portfolio)|[3,811,744](https://whalewisdom.com/stock/jmom)|64.61%| +|EQAL|[17.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=EQAL)|0.07%|[4,084](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=EQAL)|[8,954,300](https://whalewisdom.com/stock/eqal)|52.36%| +|BTAL|[7.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BTAL)|0.00449%|[5,082](https://www.agf.com/us/products/btal/index.jsp)|[2,692,195](https://whalewisdom.com/stock/btal)|34.96%| +|NFTZ|[950.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=NFTZ)|7.35%|[4,371](https://www.defianceetfs.com/nftz-full-holdings/)|[47,839](https://whalewisdom.com/stock/nftz)|5.04%| +|IMCV|[7.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IMCV)|0.11%|[3,949](https://www.ishares.com/us/products/239584/#holdings)|[4,126,896](https://whalewisdom.com/stock/jki)|54.3%| +|MVV|[2.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MVV)|0.35%|[3,230](https://www.proshares.com/our-etfs/leveraged-and-inverse/mvv)|[164,477](https://whalewisdom.com/stock/mvv)|7.15%| +|LCTU|[28.2M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=LCTU)|0.004%|[3,559](https://www.ishares.com/us/products/318215/#holdings)|[24,949,618](https://whalewisdom.com/stock/lctu)|88.47%| +|EWMC|[1.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=EWMC)|0.37%|[3,292](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=EWMC)|[478,157](https://whalewisdom.com/stock/ewrm)|34.15%| +|ILCG|[30.6M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCG)|0.02%|[2,553](https://www.ishares.com/us/products/239580/#holdings)|[16,341,987](https://whalewisdom.com/stock/jke)|53.41%| +|VTHR|[6.4M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VTHR)|0.02%|[3,084](https://investor.vanguard.com/etf/profile/portfolio/VTHR/portfolio-holdings)|[1,938,562](https://whalewisdom.com/stock/vthr)|30.29%| +|IYY|[15.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IYY)|0.02%|[2,434](https://www.ishares.com/us/products/239513/#holdings)|[4,308,407](https://whalewisdom.com/stock/iyy)|28.16%| +|XJH|[2.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=XJH)|0.42%|[2,355](https://www.ishares.com/us/products/315914/#holdings)|[996,041](https://whalewisdom.com/stock/xjh)|43.31%| +|TILT|[9.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=TILT)|0.0186%|[2,068](https://www.flexshares.com/funds/TILT#holdings)|[8,426,494](https://whalewisdom.com/stock/tilt)|86.87%| +|SHE|[2.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SHE)|0.11877%|[1,952](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-she.xlsx)|[1,077,545](https://whalewisdom.com/stock/she)|39.91%| +|FAD|[1.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FAD)|0.12%|[1,698](https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=FAD)|[984,906](https://whalewisdom.com/stock/fad)|51.84%| +|ILCV|[12.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCV)|0.02%|[1,346](https://www.ishares.com/us/products/239581/#holdings)|[7,299,061](https://whalewisdom.com/stock/jkf)|60.32%| +|ILCB|[14.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ILCB)|0.02%|[1,300](https://www.ishares.com/us/products/239579/#holdings)|[6,580,467](https://whalewisdom.com/stock/jkd)|47%| +|USVM|[4.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=USVM)|0.05558%|[1,112](https://advisor.vcm.com/products/victoryshares-etfs/victoryshares-etfs-list/victoryshares-usaa-msci-usa-small-cap-value-momentum-etf?fund=USVM)|[3,795,858](https://whalewisdom.com/stock/usvm)|92.58%| +|UMDD|[1.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=UMDD)|0.32%|[724](https://www.proshares.com/our-etfs/leveraged-and-inverse/umdd)|[51,906](https://whalewisdom.com/stock/umdd)|3.99%| +|AIEQ|[3.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=AIEQ)|0%|[0](https://etfmg.com/funds/aieq/)|[366,927](https://whalewisdom.com/stock/aieq)|9.92%| +|SFYX|[4.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SFYX)|0.2%|[726](https://www.sofi.com/invest/etfs/sfyx/)|[2,870,290](https://whalewisdom.com/stock/sfyx)|71.76%| +|BKMC|[1.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=BKMC)|0.1%|[779](https://im.bnymellon.com/us/en/intermediary/funds/09661T206#?section=portfolio)|[475,492](https://whalewisdom.com/stock/bkmc)|36.58%| +|ONEO|[3.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ONEO)|0.03013%|[658](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-oneo.xlsx)|[2,781,018](https://whalewisdom.com/stock/oneo)|89.71%| +|ANEW|[850.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=ANEW)|0.25%|[549](https://www.proshares.com/our-etfs/strategic/anew)|[571,459](https://whalewisdom.com/stock/anew)|67.23%| +|PBSM|[1.1M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=PBSM)|0.21%|[588](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=PBSM)|[619,595](https://whalewisdom.com/stock/pbsm)|56.33%| +|IEME|[400.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IEME)|0.7%|[575](https://www.ishares.com/us/products/292424/#holdings)|[156,827](https://whalewisdom.com/stock/ieme)|39.21%| +|IUSS|[1.7M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IUSS)|0.12%|[556](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=IUSS)|[1,477,844](https://whalewisdom.com/stock/iuss)|86.93%| +|FNDB|[8.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=FNDB)|0.01594%|[543](https://www.schwabassetmanagement.com/products/fndb#portfolio)|[2,270,160](https://whalewisdom.com/stock/fndb)|28.38%| +|HKND|[4.0M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=HKND)|0.00046%|[374](https://www.humankindfunds.com/)|[2,573,460](https://whalewisdom.com/stock/hknd)|64.34%| +|JHMC|[330.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=JHMC)|0.06%|[12,417](https://www.jhinvestments.com/investments/etf/sector-funds/multifactor-consumer-discretionary-etf-jhmc#topTenHoldings)|[140,709](https://whalewisdom.com/stock/jhmc)|42.64%| +|MEME|[100.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=MEME)|5.27%|[286](https://www.roundhillinvestments.com/etf/meme/)|[63,648](https://whalewisdom.com/stock/meme)|63.65%| +|SPGM|[9.3M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=SPGM)|0.01055%|[362](https://www.ssga.com/us/en/intermediary/etfs/library-content/products/fund-data/etfs/us/holdings-daily-us-en-spgm.xlsx)|[6,198,562](https://whalewisdom.com/stock/acim)|66.65%| +|VEGN|[1.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=VEGN)|0.06%|[308](https://veganetf.com/)|[104,762](https://whalewisdom.com/stock/vegn)|5.51%| +|AVUS|[29.9M](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=AVUS)|0%|[294](https://www.avantisinvestors.com/content/avantis/en/investments/avantis-u-s-equity-etf.html)|[13,913,659](https://whalewisdom.com/stock/avus)|46.53%| +|IEDI|[450.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IEDI)|0.22%|[274](https://www.ishares.com/us/products/292414/#holdings)|[155,860](https://whalewisdom.com/stock/iedi)|34.64%| +|UCC|[475.0K](https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=UCC)|0.17%|[173](https://www.proshares.com/our-etfs/leveraged-and-inverse/ucc)|[65,116](https://whalewisdom.com/stock/ucc)|13.71%| + +# Total Shares Owned in ETFs: 10,231,125 (latest update) + +&#x200B; + +# BONUS ROUND! SWAPS EXIST... + +[find the skulls](https://preview.redd.it/s2hmfg06np291.jpg?width=900&format=pjpg&auto=webp&s=46f6621e7e55503fc90ab0449d0104e06bf03f45) + +While looking through all the etf's and sec filings, I believe ***I accidentally stumbled upon a SWAP/CFD filing for Gamestop\[2\]***!!! This keyword/id (B0LLFT5) seems to be an old id that was used as far back as 2015. While, I couldn't find anything closer except for this filing \[2\], ***for me it confirms SWAPS exist...and to keep digging. This filing shows an unrealized negative value of -$346,819.56 for -2082 swap contracts.*** + +[Notice the CFD and negative Balance](https://preview.redd.it/gymyfjs8np291.png?width=1002&format=png&auto=webp&s=72c94b923a22fb31c6f353f2ed694cc302e38fe8) + +[Equity type = SWAP!](https://preview.redd.it/y83kddndnp291.png?width=991&format=png&auto=webp&s=f6748d2f4737414d14dbcde48bd0db86092428c2) + +[Unrealized Notional Value of -$346,519](https://preview.redd.it/pl0ucnsgnp291.png?width=989&format=png&auto=webp&s=b986abd619690bfd3a8fcad27ab473450eb2c7c5) + +^(\[1\]) [^(https://www.etf.com/stock/GME)](https://www.etf.com/stock/GME) + +^(\[2\]) [^(https://www.sec.gov/Archives/edgar/data/0001131013/000114554922030931/0001145549-22-030931-index.html)](https://www.sec.gov/Archives/edgar/data/0001131013/000114554922030931/0001145549-22-030931-index.html) + +^(\[3\]) [^(https://www.sec.gov/Archives/edgar/data/1588539/000158853915000003/xslForm13F\_X01/June.xml)](https://www.sec.gov/Archives/edgar/data/1588539/000158853915000003/xslForm13F_X01/June.xml) +Is it just me, or has the amount of ā€˜Finfluencersā€™ online reached a stage 5 level of cringe. Between YouTube, Instagram and now tik-tok, itā€™s like an army of ā€˜content creatorsā€™ posting pastel pie charts. Itā€™s all the same stuff too. The same budgeting tips and investment ā€˜advice.ā€™ Clearly this stuff is financial advice as they are pushing specific products but somehow think if they say ā€œthis is not financial adviceā€ they are absolved. Also posting their ā€˜net worthsā€™ as click bait, to highlight their ā€˜investing journeys.ā€™ When all they are actually doing is trying to push affiliate links, or selling excel spreadsheets with budgeting formulas. Some are even trying to sell merchandise. Donā€™t even get me started on the YouTube crew with their silly facial expression thumbnails trying to copy Graham Stephen. They all post the same videos ā€œ3 ETFs to hold for lifeā€ ā€œPassive income ideasā€ ā€œhow to start a side hustle.ā€ I saw one guy on tik-tok explaining compound interest and using a 15% annual rate of return in his example and didnā€™t factor in inflation or tax impacts etc. I have always had the motto of taking advice from people who have done what you want to do. eg, I wouldnā€™t take weight loss advice from an obese person. A lot of these finfluencers have not achieved financial independence or retired early. They are just talking high level concepts and using it as a way to sell T-shirts. +I've pulled the trigger, after thinking over it for a few weeks. + +I'm a software engineer who has spent the last 6 months developing payment processing services for Bitcoin and other crypto assets. I've had the pleasure of exploring and learning about how blockchain works, how transactions work, and its security at a deep level. Most importantly I've learned about just how much utility Bitcoin has to offer. + +As I hear about more services, companies, and now countries are adopting Bitcoin, it's very clear that it's here to stay. But most importantly it's already started to begin reaching the "soccer mom" audience. People "use" Bitcoin, not just as an investment, or a get rich quick scheme. They use it to barter, pay bills, trade, and as a means of exchange for goods and services. + +I don't just see Bitcoin as a chart in an app. I don't see Bitcoin as something you buy with USD. I see Bitcoin as Bitcoin. It's a currency in its own right, with value dictinct from USD and others. And given a decade, or two. I see it as the global currency for the future of all transactions. + +Thanks for hearing my points. + +Edit: A notice to those saying I'm making a mistake. I have no debt and if this money were to vanish tomorrow I'd be sad, but by no means will I lose my house, go hungry, lose medical coverage, or anything like that. I believe in Bitcoin as a primary currency and store of value, and want to hold my savings in Bitcoin. + +Additionally, the US has a currency (USD), Japan has a currency (JPY), Canada has a currency (CAD), yet it's far fetched to believe the internet can't have a currency (BTC)? Bitcoin is a currency in my world view, not just an asset. If you don't agree, then wish me ill will and move on. +Iā€™m 25 and have just had my mortgage approved! I never thought Iā€™d be able to do it on my own, on minimum wage, but I managed to save a good deposit over the years. My parents have always been terrible with money, and growing up listening to it, with no monetary guidance, I was scared Iā€™d be just like them. But here I am! Itā€™s a small flat but itā€™s perfect for me and Iā€™m so happy! Now just 16-20 week wait to get in there. Iā€™m sure I will be posting here a lot for advice and tips very soon +I'm looking to buy a house at $4.5M (EDIT: It's in the Bay Area, so it's basically a \~2500-3000 sq ft home built later than 2000 in a good school district). Here is my (simplified) financial situation: + +* $600k income per year +* $1.5M in cash +* $4M in IRA account. Several decades away from retirement age + +So far, the cheapest financing option I've found is at Citibank, where I can put 25% down ($1.125M) and finance the rest at 2.625% for 30-year fixed if I move over $2M of assets (IRA account). + +Talking to a couple of other banks, the rates are not lower, and if they are (like Wells Fargo), they require a 30-35% down payment, which I can't afford unless I take an early distribution from my IRA. + +Are there other banks that will be willing to take only a 20% down payment? Or any non-traditional loans? I know people take margin loans, but my net worth is mostly in my IRA, so that probably won't work. +>Loss per share: $4.72, versus $3.12 expected + +>Revenue: $3.17 billion versus $3.36 billion expected + +https://www.cnbc.com/2019/08/08/uber-earnings-q2-2019.html +Robinhood's being set up to take a fall. That's my theory. The SEC report was supposed to be out a week ago. Why the delay? Why are transcripts of Robinhood executives being "leaked" to the media to remind everyone of what they did? Including one where an executive correctly assumes that they are going to be "crucified" for their actions? + +As I said in the megathread, in my opinion, Ghoulish Gary Gensler and his feckless SEC was going to submit a "REPORT" (remember Gary's sarcastic quotations?) blantantly ignoring the crimes of late January and basically just complaining about gamification and PFOF with absolutely no changes being implemented. + +Why the hell, if the report was ready, did Dr. Burry just get a subpoena for GME? + +Because something changed. They are shook. They need to revise the "REPORT". + +Bulgarian Boy and his shitty little company are gonna be the fall guys in this revised report. + +So what changed? Well, retail went on the offensive, we started locking up the float with DRS. The hedgies are running out of loopholes and time. They can't hold us in their rip-then-dip loop much longer. + +In the upcoming weeks or months, at some point fairly soon, retail is going to lock up the goddamn float. + +What is the SEC to do? Well, someone has to go down, and it sure as fuck isn't going to be Ken Griffin. + +They are going to attempt to send all of this to the courts for a settlement. + +Don't fall for it. LOCK. UP. THE FLOAT. +So Iā€™m 23 and I work 4 mornings a week +6:30am to 12:30 for this time I am paid Ā£30 per morning. +Thatā€™s Ā£5 an hourā€¦ + +When I bring it up they say they are not underpaying me as they pay per morning and that they are a small business and canā€™t pay any more than that. + +I have no written contract with them and they pay my weekly in to my bank using (thank you) as a reference. + +The only thing making me stay is that I love the job as I get to work with animals. + +Firstly, is this legal? + +Secondly, if I am to leave as they wonā€™t pay me minimum wage can I claim the amount I am owed from them to make it so that I have been paid fairly to account for the underpayment? +Or am I not entitled to anything as there is no contract? + +Thanks in advance +On yesterdayā€™s AMA Dr. Trimbath suggested we reach out to local regulators through NASAA.org. + +&#x200B; + +**What is NASAA?** + +The North American Securities Administrators Association (NASAA) represents state and provincial securities regulators in the United States, Canada and Mexico. + +NASAA members are the closest regulators to local communities, small businesses and the investing public throughout North America.Ā Members of NASAA have a multifaceted mission of protecting investors from fraud and abuse, conducting investor education, providing guidance and assistance via the established regulatory framework, and ultimately helping power the North American economy by ensuring the integrity of the financial markets. + +&#x200B; + +**EMAIL TEMPLATE** + +I drafted a brief template you can use in an email or phone call to your local regulator. Feel free to adjust or ignore at your own discretion. + +&#x200B; + +Subject: Help stop naked short selling + +To whom it may concern: + +Recent market activity involving GameStop stock has shed light on misbehavior by hedge funds and other financial institutions involved in a practice called **naked short selling**. + +Though naked short selling was made illegal after the 2008 financial crisis, loopholes exist that allow for this practice to continue. (More details here: [https://www.investopedia.com/terms/n/nakedshorting.asp](https://www.investopedia.com/terms/n/nakedshorting.asp)). This includes fraudulent activity involving Shorts, Borrowed Shares, and Failures to Deliver. + +This strategy essentially allows market participants to flood the market with phantom shares, drive the price of a stock down, and prevent public companies from raising capital at fair-market value. + +Through this strategy, market participants are financially incentivized to bankrupt public companies. + +This is **financial terrorism**. + +Market participants that seek a fair and just financial system demand an end to this insidious behavior, and advocate for **Strict-Settlement**. + +We must completely outlaw naked short selling ASAP. + +Thank you for your time. Please feel free to contact me for further information. + +Regards, YOUR NAME or ANONYMOUS + +P.S. + +Here are a few resources that provide more evidence of the negative economic consequences of naked short selling. + +Naked, Short, and Greedy: Wall Streetā€™s Failure to Deliver, by Dr. Susanne Trimbath, a former DTC employee + +Lessons Not Learned: 10 Steps to Stable Financial Markets, also by Dr. Susanne Trimbath + +A 90 minute documentary on YouTube called Wall Street Conspiracy that highlights this issue: [https://youtube.com/watch?v=Kpyhnmd-ZbU&feature=youtu.be](https://youtube.com/watch?v=Kpyhnmd-ZbU&feature=youtu.be) + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +**TLDR** + +This seriously takes two minutes max if you use the email template. + +1. Go to NASAA.org and click Contact Your Regulator +2. Choose your state/region +3. Call your regulator. OR, if youā€™d rather send an email, click on ā€œVisit Websiteā€ +4. Browse webpage for Contact Us +5. Copy and paste email template into your message, and edit to your liking + +DONE + +&#x200B; + +If you think this template can be improved, please share your ideas and suggestions! + +If we want to make a difference, we must TAKE ACTION. + +šŸ¦§šŸ¦§šŸ¦§šŸ¦šŸ¦šŸ¦šŸ’ŽšŸ’ŽšŸ’Ž + +&#x200B; + +**EDIT:** + +Link for lazy apes [https://www.nasaa.org](https://www.nasaa.org) + +1. Some apes have suggested removing the CAPS and using less emotive language. +2. Some have suggested adding info on dark pools and other sketchy shit that has been happening. I personally decided to keep my email succinct and focused on naked shorting. So decide for yourself how comprehensive you want to be. I will prob call my regulator at a later time to discuss these and other topics related to GME. +3. For apes outside US/Canada/Mexico: you can help too!! Just choose a random state/region and send them an email. +4. I updated some of the language to call attention to Shorts, Borrowed Shares, Failures to Deliver, and Strict-Settlement (more encompassing than the term naked shorting). Also, many said to use the term Phantom Shares instead of Counterfeit Shares. +5. u/patty8mack reported the word ā€œnakedā€ might be getting flagged by some spam filters and preventing emails from getting through. +I grew up in a low income family and started off with pretty low paying jobs. I just got a job where I'm ending up putting about 1,400 in the bank every month, it probably isn't a lot for most you guys but it's a lot more than I've been able to before. + +I really have no idea what to do with money at all. I've been looking at different family members getting older with close to nothing set aside for retirement and I realize I need to start getting ready now. + +I just turned 22, and have about 6k in my bank account. Right now I've just been putting checks in and paying bill, then leaving the rest sitting there. What should I do? I really don't know ANY thing about what to do with money, I just don't wanna end up getting old and scared I don't have enough money for doctors and my house and just whatever living expenses I have then by then. + **$KABOSU** launched less than 48 hours ago and has since then become the most successful launch in cryptocurrencies' history! + +Launching in the evening of May 10th, **$KABOSU** managed to gather **over 5000 Telegram members at the time of presales**. **In less than 24 hours, it has set a new record by reaching a 100 Million Market Cap!** You read that right, in less than a day **$KOBASU** has reached a market capitalization that SafeMoon took 2 weeks to achieve! + +But if it reached that much then it's over right? + +Hahahahaha no. While all this sounds like an incredible achievement on its own, it is only the beginning! **This project as a whole is not even 48 hours old.** Please let that sink in. How much potential do you think that this coin has just based on this one simple information? + +A lot? That would be putting it lightly. Please read on to understand what you just have stumbled upon during your daily lunch break scrolling. + +Another charity token I assume? + +Yes! But also SO MUCH MORE. Let me explain: **$KOBASU** is a charity token at heart. It wants to help animals and do good. But reducing the project to that would be criminal. + +Since yesterday, the team behind **$KABOSU** has officially unveiled their plans for the upcoming months, and let me tell you, dear unsuspecting reader, that this is once again something that you've never seen before. + +**They are working on an entire ecosystem.** What does this mean? Well, while **$KABOSU** has launched and is already a smashing success waiting to show the world that it's only just a baby, the real piece you need to remember is that the team is building around it something absolutely monumental, and that with it is coming **a real use-case** that will further strengthen this coin's position as a one of a kind on the BSC ! + +And if like me you are the impatient type, then rejoice because I hear that more concrete infos are coming very soon! + +What the hell? Where do I sign!? + +Waaaaait it is not over yet! To this, you gotta add some basic but important information to make the picture complete: **Locked liquidity** for one! **Renounced ownership** for another! And how not to mention **the insane liquidity which basically guarantees that $KABOSU is the most solid coin you'll ever see!** Did you ever see a project where someone can sell 50'000 dollars and the price barely moves? Until **$KABOSU** me neither, but this is a reality I am happy to live in now! + +I'M LAZY AND I HATE TO READ, MAKE IT SHORT PLEASE + +**Not even 2 days old yet. ATH at a 100M MCap in less than 24 hours. Nice consolidation around 50M right now. Monstrous liquidity pool. Locked liquidity. Renounced ownership. over 70'000 holders. Over 20'000 people on the telegram. A team so solid you could lay the house you bought thanks to $KABOSU on them. Dogs. A use-case project that is announced as being unlike anything we've ever seen yet.** + +Pardon the fomo-ish aspect of this post, but please do yourself a service and take the time to check this out! I am convinced that this is the next big thing. Who am I kidding? This is already a big thing. It is just bound to become colossal! + +**As always, DYOR and only invest what you are ready to lose !** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**Relevant links** + +šŸ• [**Website**](https://kabosutoken.io/) + +šŸ“ [**BSCscan**](https://bscscan.com/token/0x4A824eE819955A7D769e03fe36f9E0C3Bd3Aa60b) + +šŸ„ž [**Buy on Pancakeswap**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4A824eE819955A7D769e03fe36f9E0C3Bd3Aa60b) + +šŸ“ˆ [**Charts**](https://dex.guru/token/0x4a824ee819955a7d769e03fe36f9e0c3bd3aa60b-bsc) + +šŸø [**CoinGecko**](https://www.coingecko.com/en/coins/kabosu) + +āœ‹ [**Renounced Ownership**](https://bscscan.com/tx/0x8567d73a1c23a3b961aa1651be34ac2faa091563ac5f7f609130e8d6f532d4a5) + +šŸ”’ [**Locked liquidity**](https://unicrypt.network/amm/pancakev2/ilo/0x798d4d97D9353955724e8cEDbA5619fFe1592d0D) +On Friday, I forgot to close my NEGG 30-35 call credit spread. I collected $1000 credit for it, NEGG closed at 30.50, so I could have closed it for net $500 profit, but I simply forgot to do it. + +Needless to say, for several days now I've been having anxiety cranked to the max, unable to think about anything other than how ruined I will be if I get assigned and NEGG opens significantly higher on Monday. + +Over the weekend, I found out I had indeed been assigned a thousand shares short, which could easily wipe me out if there were any significant gains over the weekend. + +I placed a premarket order to buy back 1000 shares at 31 and it has now filled at 30.97, so I'm now clear. + +I cannot begin to describe how relieved I am. This could very easily have ruined my life. I never ever want to ever go through this ever again. + +Buy to close your spreads, no matter how far out of the money they are the day before expiry. Pin risk can and will get you eventually if you get complacent or just plain forgetful. +https://www.marketwatch.com/story/us-industrial-production-slumps-in-second-quarter-2019-07-16 + +> The U.S. factory sector declined in the three months ended in June, the second straight quarterly decline, the Federal Reserve said Tuesday. +> +> For the second quarter, production was down 1.2% after a 1.9% decline in the first three months of the year. Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year. +> +> For June, industrial production was flat, slightly below the 0.1% gain expected by Wall Street economists. +> +> Compared to 12 months earlier, industrial production rose 1.3%. +> +> Capacity in use slipped to 77.9% in June from 78.1 in the prior month. +The strategy is very simple. Learn how to identify these 4 things: higher high, higher low, lower high, lower low. This will take you 3-6 months to be good at if you're starting from scratch. A line chart overlay may help in the early weeks. + +The trend is your friend on a higher timeframe: When a stock is making higher highs and higher lows you look for long entries. When it's making lower lows and lower highs look for short entries. Anything else is counter trend. + +Found your stock and it's higher timeframe trend? Good. Now zoom in and find the counter trend. Example: daily chart is up, hourly chart is down. Wait for the next hourly candle to open. Set a stop buy order above the previous hourly candle with stop loss order below the low of that same candle. Risk based on what you're willing to lose. Take half profits at 1:1. You're now in a break even trade. You decide when you close out the trade for profit or get stopped out for break even. You can't lose now. If you're gonna hold overnight perhaps take another half off leaving you with 25% runner. + +Learn to do that religiously. Do this 50 times, log your results. Did you win more than you lose? Now go back to the charts on some of those trades and see if there was a way to enter off the 15 min chart. Once you find that your risk reward in these trades will greatly improve. + +No fancy indicators, no cross over system. Just price action analysis looking for consolidation to end and the over arching trend to resume. + +When you're right you'll notice the moves are fairly quick as other traders pile in. + +Can't do this? Trading may or may not be for you until you can prove to yourself you have self discipline. How do you get self discipline? Do something you hate every day for 30-60 min (run, chinups, a puzzle), every day. Keep that up for a long time, then you have proven discipline and you can go back and try trading. If you end up liking the thing you hate keep doing it and find something else you hate to start doing. + +Good luck, we all gonna make it. +Hello all, the bubble is fixing to burst and Iā€™ll tell you how I know. The Fed just sent a little message to everyone and hopefully nobody (but me) caught it. Well, Iā€™m sure Iā€™m not the only one but thatā€™s beside the point. + +[This is what gives it away](https://www.bloomberg.com/news/articles/2021-09-09/fed-s-kaplan-rosengren-to-sell-all-stocks-amid-ethics-concerns) + +Insider trading. Itā€™s the oldest trick in the book. In fact, the last 2 significant market corrections, there were insider trading. [2008 Great Financial Crisis](https://www.esquire.com/news-politics/politics/news/a49046/wall-street-insider-trading-2008-crash/) and [The 2020 Congressional Scandal](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal). Both times insiders traded before the collapse. + +#Bazinga! + +For those of you who donā€™t have a Bloomberg subscription, the highlight of the article in my opinion is how they say that everything was legal but due to the nature of the situation we will be selling our positions and investing in indices or cash savings (rates gonna go up? or are we both stoned?). While Kaplan was investing in floating rate bonds, Rosengren was playing with the REIT market. Now they wanna sell? [Now we can taperā€¦](https://twitter.com/northmantrader/status/1436082195286876164?s=21) + + >*ā€While my personal saving and investment transactions have complied with the Federal Reserves ethics rules, I have decided to address even the appearance of any conflict of interest by taking the following steps.ā€* - Rosengren + +So you feel weird about the trades you made a lot of money ($1MM+) on and people think thereā€™s ethics concerns so youā€™re gonna liquidate everything by September 30th, literally at the peak of the biggest bull run market in all of history? + +##Nope! +Nothing shady to see hereā€¦ I mean, it *is* fall and we *are* 317 days since the last 5% correction. We gotta be due, right? I think so. I also think that itā€™s gonna be much sooner than we anticipate. Just buy as much as you can afford and hold on to your seats. This is why I think the hedgies are trying to shake us so bad right now. Expect this thing to get hammered over the next few weeks. Remember that we are close. Remember that insiders are selling their stocks off. Know that when we lift off, it will be the launch heard ā€˜round the world. The reverberations will travel across the globe. Everyone will know that we were right all along. GameStop will become the greatest retail company of all time. Diamond. Fuc%ing. Hands. šŸ’ŽšŸ™ŒšŸ»šŸš€ To the moon! +So this morning I'm out walking the dog at 6am and my neighbor is out on his patio drinking coffee. Now my neighbor is a high producing mortage underwritter. For over two years this guy has been work from home and I never ever see him up before 9am. So I stopped to make the small talk. Guys the mortage industry is all ready burning to the ground. No one is talking about it no one is covering it and its all ready too late. Here's how the convo went.. + +Hey your never up this early, got a big work load today? +No I haven't been to bed, I had a rough day at work yesterday +You work from home, how bad a day could it of been +We got called into a whole staff zoom meeting I might be loosing my job. + +To save formatting he proceeds to tell me that his mortage company (WF) just told them they are reducing hours and pay to a tone of each employee is getting cut almost $1500 in pay a month. Then proceed to tell me they are firing, not laying off, but firing over 3000 people by September. When I asked why he told me that two huge investor company's are closing their doors after over 30 years!! So these investors no longer want give mortage company's or loans themselves out any more because the risk is getting too high. He said the boss kept repeating its 2008 but worse cause no one is seeing it comming. +Thanks for listening I'm sorry if I ramble I just got excited. + +Edit: Added spacing so it's easier to read. I also stopped and talk again briefly before I left for work. I asked him what he ment by 2008. All he really said was that no one expected the economy to drop like it did and expected it to just level out. I also asked about investor company's, I thought WF was the lender, here's how he explained it. Say your a mortage company and Billy Bob comes to you with a home loan for 200k. Now say your a smaller company with only 400k in actual money. If you lend out the money all the numbers are skewed you don't show profit etc. So the mortage company's get investors to buy into a group of property's fora cut of some of the intrest. So holy crap guys even the the people supplying money to the mortage company's are scared. + + +Hi, + +Not sure if this is the right place to post this ā€“ I am pursuing fire and saving 50% of my income which with all the knowledge of how to invest in index funds has opened up my eyes to my parentā€™s situation. Now Iā€™m trying to help ā€œsafeguardā€ my parentsā€™ investments for them. + +I am looking for some advice on what would be an optimal retirement portfolio for my parents. They are both 61 this year. + +My dad was/is an entrepreneur and made a good living but made most of his money from a relatively small bet on Apple years ago. Itā€™s now worth \~$6M dollars. My parents also have 2 paid off houses (\~$700k) and some property that might be difficult to sell so wonā€™t include here. Since neither have a traditional job any longer and both primarily volunteer they buy insurance on the affordable health care market place. They are also both very frugal and live off the dividends. + +My concern is trying to convince my dad itā€™s NOT a great idea to have the majority of your retirement savings in 1 stock (Apple). When Iā€™ve brought this up before and said hey maybe keep 10% in cash and put another 20% in index funds/bonds he brushes it off as ā€“ everyone has told me to sell for years and it just keeps going up. Would also like to note my dad is not an idiot, and actually quite smart, but very very stubborn. Obviously this makes me wildly nervous as I donā€™t want his Apple stock to go down the toilet once something new comes along. Which will happen. + +I would like some advice that I can point to and say this would be a good strategy for someone who is ā€˜retiredā€™, X% in bonds, etc. Also any resources out there that might help would be appreciated. I have also wanted him to see an estate planner for years but he doesnā€™t want to do that eitherā€¦.. + +I welcome any advice/helpful thoughts. + +Thank you. +So I am the son of a mechanic of 35 years. He's been able to keep up with the current technologies and has worked on some of the most basic and advanced vehicles in the modern era. + +It pains me to see people say, "buy a cheap reliable car" as if that is something easy to do. Unless you know a good mechanic that has access to dealer trades and auctions it can be tough. Here in SW PA, cars over 150k miles are usually junk. Rust due to salt, transmissions blown due to hills, etc. Unless you live in the suburbs, cars are not garage kept. My dad and I set out to find my grand mother a replacement car. I gave her a 2005 grand prix in 2014 with no rust and in 4 years of being outside, the rockers cannot be patched anymore. + +We looked at around 35 cars and unfortunately my dad is retired. So he does not have access to dealer trades or auctions and most of his contacts have moved on or retired as well. This is a compilation of what we saw. + +&#x200B; + +35 vehicles total + +&#x200B; + +20 costing between 4-8k + +* 11 had rust beyond belief +* 6 had check engine lights for multiple things (dad had a scan tool) +* 3 had a fair bit cosmetic or mechanical issues (suspension or a ton of wear items) + +&#x200B; + +15 costing 8-12k + +* 6 had too much rust +* 3 had check engine lights for multiple things +* 3 had a fair bit cosmetic or mechanical issues +* 2 were priced way over market value +* 1 we found for just over 12k that we bought (was listed at 14k) + +We looked at a wide range of cars. Sure about half were GM, but the rest were Subaru's, Toyota's and Honda's. So this idea that people can "easily" find a "cheap but reliable" beater is a but insane. Many of these cars would cost even us thousands to maintain for a year. They could easily strand my grandmother as she travels to my uncles house every month (2 hour drive). Her old 2006 grand prix started to have issues, water pump, suspension work and the rockers were shot, patched 3 times. + +Now I am not advocating for buying a new car. But we ended up reaching out to my other uncles and they all put together money for a 3 year old chevy trax for her. It has far more safety features than her old car, does much better in every crash test, should be reliable for 3-5 more years, etc. We could have gotten her a sonic/cruze but she didn't feel comfortable in them (too low and small) and she's in her 80's so comfort is a thing. + +But the moral to the story is, when offering "advice" you need to understand that a "cheap but reliable" car is not an easy find and if you live up north very difficult to do in many cases. Don't assume that everyone has connections and has a reliable mechanic that can easily find good and cheap deals. My dad found me that 05 grand prix that I drive for 5 years and it was about 8k when I bought it in 2009, but that was back when he had unlimited access to thousands of cars. + +&#x200B; + +\*\*\*EDIT\*\*\*I want to clarify something. Reasonably safe & reliable vehicles do exist under 5k. Even in my area. Out of 1 gem there are 10-20 POS Junkers. My point is, the average person cannot change their own oil. They wait 6 months after the oil light comes on to change it, drives tires to the cords and didn't know you need to replace brake pads. Those same people also don't have a reliable mechanic, know someone at a dealership or someone who goes to auctions. They do not have the know-how to find a cheap but reliable car. And if you take a look at the marketplace or Craigslist, people who are selling most of these cars say, "Only needs $20 part to pass inspection". And if you're on a 5k budget, can you afford to take 10-15 cars to a mechanic charging $100-150/car? + +Let's also take a look at safety. Back in the day, without automation, head-on collisions were far more common this is why there was not need to put the front brace all the way across the front of the car. Due to better safety features, small-overlap is more common. You're 2004 civic has no front brace at a 15\* offset but that 2017 Cadillac the other person is driving does. So surviving a small overlap crash in an older vehicle is actually very low. + +I am not saying buy a new or expensive car. My point is, once you're financially sound, you should look to save and buy a more reliable and safe vehicle. Spending 10-14k on a CPO vehicle, unless you're in a financial mess is not a bad idea. Those Sub 5k beats can cost more than double in maintenance in just 2-3 years. Take that 5k, put it down in a 2-3 year old CPO vehicle and pay off the other 5-9k over a 2-3 year period and drive that car for another 5 years. If you HAVE to get a beater, PLEASE get someone who can help because I've seen hundreds of people get swindled. + +&#x200B; + +\*\*EDIT 2\*\* I own a 2017 golf which will be paid off this year and wife drives a 2015 Sonic which will be paid off in a few days. We plan on driving these cars for awhile. We are considering upgrading her in a few years to a 2-3 year old car but with cash. +Once all (or most) shares are directly registered, the DTCC will have no shares to settle trades, and all trades that are not settled (naked shorts) will fail to deliver, and must be closed by (potentially forced) buy-backs. + +Furthermore, no market makers can hide behind ā€œa reasonable belief that they will be able to locate sharesā€ (canā€™t remember the exact wording, but itā€™s essentially what they use to justify their naked shorting), and can no longer sell any shares short without first borrowing actual shares, which will be impossible when all market participants struggle to locate shares to settle trades that are already executed. + +Like any short squeeze in history, MOASS will be triggered as soon as short sellers **begin** to realize it is *inevitable* and *imminent*, and they start a panicked dash for the exit. They all know that the last one out is the biggest loser. And trust me, at these levels of shorting, EVERY. SINGLE. SHARE. leaving the DTCC will be felt, and short sellers, brokers and the DTCC are already starting to notice the trend. They are already shivering in their pants, and praying desperately to all imaginable gods that ComputerShare and DRS will not gain any more traction among the apes. Itā€™s their doom. + +They have gotten away with so much fuckery for so long, but they canā€™t escape not having *any* real shares left. This would require fuckery so obvious and severe that they would face criminal charges. They would have to blatantly and openly ignore countless laws and regulations, to the extent where the SEC couldnā€™t just stand by and watch even if they wanted to. + +## Hedgies R fuk. + +## Buy, hold, register! + +##šŸ’ŽšŸ™ŒšŸ¼šŸš€šŸŒ™ + + +ā€”ā€”ā€” + +This post represents my personal opinion. Based on this, I sincerely believe DRS is our best bet, and **strongly urge every ape to register as many shares as possible.** (And [Gensler said I could do just that](https://www.marketwatch.com/story/sec-chair-gensler-defends-reddit-gamestop-investors-right-to-smash-short-sellers-11631718972)) + +ā€”ā€”ā€” + +Edit per request to include this explanation: + +ComputerShare has a ā€œlistā€ of shares and who owns them. Currently, most of them are owned by Cede & co. To transfer your share to CS, an entry must be changed in CSā€™ book, from Cede to you. And to do that, an actual share must be located and delivered, meaning that Cede must reduce their ownership count by one, and thus take that ownership from someone, your broker. + +Once people start to request transferring shares from brokers that have no actual shares left in Cedeā€™s books (even though they should), the clearing house (DTC) must locate the share somewhere else, meaning they need to force delivery to the broker of any unsettled trade. This causes an immense pressure on DTC, market makers, prime brokers, anyone with obligations to deliver shares they donā€™t have. + +Once DTC deems it unlikely that a participant will be able to deliver shares that have failed to deliver, they will start force-closing the short positions of that participant corresponding to their unsettled trades (naked shorts). + +ā€”ā€”ā€” + +Edit 2: + +If you want to know more about how to transfer to ComputerShare to register your shares, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/). + +ā€”ā€”ā€” + +Edit 3: + +For international apes, check out [this post](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/). +Folks who know me know I am the DD writer who all of the DRS enthusiasts love to hate. In the past I have written DD on the continuous net settlement system (CNS) within the DTC ([here](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/)), how options are being used to manipulate the stock ([here](https://www.reddit.com/r/Superstonk/comments/s13qbp/state_of_the_dip_jan_10_22/), [here](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/), and [here](https://www.reddit.com/r/Superstonk/comments/t20ims/it_takes_money_to_buy_options_distilling_gmes/)), I have dispelled longstanding myths about max pain ([here](https://www.reddit.com/r/Superstonk/comments/t39g2x/max_pain_a_story_of_a_dog_and_his_tail/)), and I have provided evidence that power law swaps have been and continue to be used by shorts to hide their position ([here](https://www.reddit.com/r/Superstonk/comments/t878i5/lets_all_dance_the_melvin_superswap/)). By far, the most engagement I have received about all of these DDs are folks that are angry that I am not pro-DRS. It is this extreme fervor surrounding the DRS movement on this sub that I am addressing in this post. + +To be clear, I am not anti-DRS. I do not think it is going to ultimately be harmful to the MOASS thesis. I am largely ambivalent to DRS because I remain unconvinced that DRS-ing the float will do any of the things that are being widely claimed on the sub (largely with no primary sources to support those claims). Because I do not see a clear theory of how DRS will help cause MOASS, I am concerned with those who are selling their shares to open a position at Computershare, which provides liquidity to the CNS (allowing them to roll more FTDs for longer), as well as those who are expending capital to move shares to DRS that could otherwise have been deployed on securities, but I do not think those concerns are large enough to really move the needle either way. + +What I do think will ultimately decide the fate of the Ape movement and Superstonk more specifically are the following observations: + +1. Superstonk has become increasingly ritualistic (posting DRS positions, repeating key phrases, fixating on key symbols). +2. Superstonk has increasingly fallen prey to the illusory truth effect, which is the tendency to believe false information through repeated exposure. +3. Superstonk has become increasingly intolerant of the critical evaluation of theories and any discussion about that criticism. +4. Superstonk is increasingly resorting to fear, uncertainty, and doubt to aggressively pressure members to DRS their shares. + +And I believe (but cannot say for sure) that observations 1-4 are leading to observation number 5: + +5. Sub engagement has declined significantly since the start of observations 1-4. + +This last point is critical. Given that the sub has now created the idea that the fastest, most probable way to MOASS is by DRSing 100% of the float, we have created what I believe to be the inevitable death of this sub. Allow me to explain using a graphic. + +&#x200B; + +[DRS or Death? The race is on.](https://preview.redd.it/0lt5d30h4to81.jpg?width=1292&format=pjpg&auto=webp&s=7aacde5fb77dcb8a34876d7188728a124df8e789) + +In this graph, I have plotted a logarithmic fit to the number of shares DRSed since Nov 20, 2021 using the trimmed average data from computershared dot net. At our current trend, it is anticipated that the retail float of roughly 35,000,000 will be locked up somewhere around November 2027, or six years from the start of the DRS movement. Further, to lock up the entire shares outstanding minus insider shares will take 20 years. Locking up all shares outstanding will take 30 years. Additionally, plotted in green are the number of daily comments on the sub over time. This data was fit with 3 different fits to get a sense of when the daily comments will drop to below 100 a day, when I consider the sub ā€œmostly deadā€ (it would correspond to about a dozen active users a day). The linear decay is the most aggressive and is probably too aggressive. It predicts the sub will become dormant in about 4 months time. The exponential decay (which had the best fit) predicts the sub will become dormant in about 2.5 years. I threw the power law on there just to be fair to the power law fit on the DRS shares (the quality of the fit was fairly low), and it predicts we will decay much slower, to about 4,000 daily comments after 30 years. To try to determine which fit is the most likely, I looked at the comments per day for another social phenomenon, the subreddit for Tiger King, and found that the exponential function was the best fit with R\^2 = 0.9688, compared to R\^2 = 0.68 for linear, and R\^2 = 0.47 for power law fit. + +&#x200B; + +[Number of daily comments on the subreddit for Tiger King over time](https://preview.redd.it/tbcsh9n35to81.jpg?width=607&format=pjpg&auto=webp&s=3c7767073dd622a8a63a86667e3ffab16940d369) + +**So if nothing changes we can expect this sub to survive for 1-2 more years at itā€™s current rate, with only roughly 23,000,000 shares DRSed before the sub goes dormant.** + +Clearly our current course is not likely to succeed without expanding the ape movement to be more inclusive of new investors and more tolerant of personal decisions those investors make about their finances. We must return to the mantra that ā€œwe just like the stock.ā€ We must stop attempting to pressure members of the sub to do certain things through fear, uncertainty, and doubt. We must stop our myopic obsession with DRS at the expense of all else. And we MUST remain skeptical and critical of anyone who attempts to sell a certain strategy with 100% certainty, especially for a system as complicated as the securities market. We must be humble and remember Ape vote, cycle theory, bastille day, and all of the other theories we were convinced would bring about MOASS that were wrong, and apply that same humility to the DRS thesis. + +If we want to go back to a time when we enjoyed much larger engagement, we must return to the time when we ā€œjust liked the stock.ā€ I recognize I'm going to get a lot of pushback for this post, but I do write this post because I have spent a lot of time on this sub and I hope that it continues to thrive. But I can't make these changes myself. It must come from the entire community. + +Edit: Noice. + +&#x200B; + +https://preview.redd.it/hk3piduqzuo81.jpg?width=1060&format=pjpg&auto=webp&s=04d15acd3dbaf655efeb959570b99c263a3b6703 +**Overview:** + +In the past month or so, we have been seeing a rotation from the tech sector to other industries such as finance and energy sectors. I want to see if there is a way to anticipate the rotation and trade accordingly the thetagang way. I got interested in Relative Rotation Graphs ([RRG](https://school.stockcharts.com/doku.php?id=chart_analysis:rrg_charts)) and wanted to make my own charts with stocks/ETFs that I usually follow. + +**Intro:** + +As a quick intro, RRG is a way to visualize stocksā€™ relative performance over time, displayed as a scatter plot. The x-axis is the JdK RS-Ratio, which measures the strength of the stock relative to a common benchmark, and the y-axis is the JdK RS-momentum, which measures the rate of change of the JdK RS-Ratio. + +* Stocks in the first quadrant (top right) have positive strength and positive momentum, which means they are leading +* Stock in the second quadrant (bottom right) have positive strength but negative momentum, which means they are weakening +* Stocks in the third quadrant (bottom left) have negative strength and negative momentum, which means they are lagging +* Stocks in the fourth quadrant (top left) have negative strength but positive momentum, which means they are improving + +**Industry Trends:** + +The plot below shows each industryā€™s performance relative to SPY. Each point indicates a trading day and the last arrow indicates the most recent trading day. We see that energy and basic material have been leading for the past few days while finance has started to weaken. Technology and healthcare have been lagging while utilities and consumer cyclical show signs of improvement. + +[Industry Relative Performance Against SPY](https://preview.redd.it/e3e8j3hzsrl61.png?width=1600&format=png&auto=webp&s=a125fc859318097776dcdbb23ae7e1b11e6b2adc) + +I also plot ETFs that I regularly track. ETFs such as XLB, DIA, XLF, and XLE have been leading in the past few weeks while IWM is weakening and may approach the lagging territory soon. ETFs such as QQQ and XBI have been lagging. ETFs such as XLU and XLV have been improving and may approach the leading territory soon. + +[ETF Relative Performance Against SPY](https://preview.redd.it/sv26pbf4trl61.png?width=1600&format=png&auto=webp&s=f4dba86fcff38d13806e67b8ca30da3bb997b445) + +**Trade Strategy:** + +Based on the plot above, my thetagang strategy would be: + +1. STO CSPs or credit put spreads on stocks that are in or entering the first quadrant (leading) +2. BTC CSPs or credit put spreads on stocks that are in or entering the second quadrant (weakening) +3. STO CCs or credit call spreads on stocks that are in or entering the third quadrant (lagging) +4. BTC CCs or credit call spreads on stocks that are in or entering the fourth quadrant (improving) + +I would love to hear your suggestions and thoughts on trading using RRG. + +**TL;DR**: Use RRG to take into account which stocks to collect premiums and donā€™t get whipped by rotation. +https://preview.redd.it/txuajtp2fyj31.jpg?width=1163&format=pjpg&auto=webp&s=ab1fe1854bc249e902edb979084b5b8d6603d95e + +This is a follow up to my earlier, rather verkackte post where the labels had been removed (because I thought it was more fun to let people guess) and which was more focused on the btc-eth ratio which made very similar moves in 2017-2019 compared to 2016. + +I find the similarities remarkable. The first chart ends right before the 2017 bull run up to 20, 50 and then 400 USD starts. The time frame in the lower picture is only 1/4 of the upper one, but other market factors have changed a lot since then and maybe everything is speeding up now. + +It's not in log scale, but isn't that irrelevant when comparing short time frames? The difference between the top and following bottom points is similar at about 40-50%, and so for a relative comparison it should not matter too much. +Jeffrey Yass, co-founder of the Susquehanna International Group (SIG) has a near perfect record in investing. From options to ETFs to TikTok, and now sports gambling and cryptocurrency, it's extremely suspicious how he's continually hitting grand slams. + +Yass also has skeptical associations to charities and foundations with ties to political parties and hate groups. + +When Yass isn't being suspicious, his second favorite activity is gambling and game theory. One of Yass' central philosophies is **if the odds are in your favor, go all out.** What a fitting motto for the current situation. + +&#x200B; + +Edit: since this took off and u/SnooFloofs1628 pointed out theres no usefull link in this post i decided to add them in since he was so kind to put some in his comment. + +* [https://www.reddit.com/r/Superstonk/comments/pou6p6/know\_your\_enemies\_behind\_door\_number\_three\_jeff/](https://www.reddit.com/r/Superstonk/comments/pou6p6/know_your_enemies_behind_door_number_three_jeff/) +* [https://www.reddit.com/r/Superstonk/comments/nbqbrc/the\_hedge\_fund\_cabal\_steve\_cohen\_citadel\_and/](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/) +* [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) +* [https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey\_yass\_susquehanna\_and\_gme\_moass/](https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey_yass_susquehanna_and_gme_moass/) + +[ JEFFREY YASS DOES NOT WANT YOU TO TALK ABOUT JEFFREY YASS!!! HE DOES NOT WANT YOU TO KNOW HE EXISTS. HE MOVES UNDER THE COVER OF SHADOWS. IT'S LITERALLY HIS PRIORITY TO REMAIN UNDERNEATH THE RADAR. HE DOES NOT WANT YOU DIGGING INTO HIS SECRETS AND HIS TRADES. HE CONSIDERS YOU TO BE FUCKING STUPID. HE CONSIDERS YOU TO BE THE DUMB SIDE OF THE POKER TABLE. ](https://preview.redd.it/hrfg8oltizi81.jpg?width=640&format=pjpg&auto=webp&s=449e93bcaa143b2e6664ba3e39f0cbc4771df302) +Edit: Some folks are saying it costs money or takes a little bit longer. Let me teach you a concept called OPPORTUNITY COST. + +Would you rather miss the MOASS AS A WHOLE BECAUSE RH SCREWED YOU OVER OR TAKE THE CHANCE AND BE INVOLVED IN THE MOASS?! BALL IS IN YOUR COURT + +Edit: The consensus is to do partial transfers. + +Edit: Initiate transfer from Fidelity NOT RH. + +Edit: I didnā€™t expect this to blow up. I will go comment by comment and respond to everyone after work.holy shit lmao Ill try my best to reply + +Edit: Please see link below with step by step directions! + +https://www.reddit.com/r/GME/comments/m77idn/psa_how_to_transfer_gme_from_rh_into_fidelity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I see a lot of people talking about cap rates, and it seems to be a great sign to tell if a property is going to sink or swim. Curious to know what these are, and how to find that information, and then know what a good cap rate is when buying out of state +Recently there has been a significant increase in the retail participation in the stock market, be it through direct stocks or equity mutual funds. What would this mean for the participants in terms of return potential and risk? + +&#x200B; + +Reason for this question: Let's say everyone puts their money in Nifty 50 fund, this would make the underlying 50 companies overvalued (after a certain point of time) since people are just buying the stock, indirectly pushing the prices up. Now, how should we as retail investors look at this information. + +Would this mean that investing in the nifty 50 companies would entail lower return and also higher risk since markets would essentially come back to its intrinsic value once the bubble bursts. For instance, there would be few companies in the index which are/were already overvalued, but index investing would just increase the size of the bubble further. + +The counter argument could be that many of the pension funds and insurance funds also might be doing index investing since its lower risk on paper being the biggest 50 companies in India, so the risk would be minimised in that way. + +&#x200B; + +In general, is the retail participation a good thing for retail investors specifically in the Indian markets? I would like read what the sub opinions are on this topic. +Knowing what I do about my profession, I will likely be earning $35-41k per year if/when I find a teaching job. I'm just looking for any advice at all on how to handle this much debt when I come out. I figure I'd want to find cheap housing/rent wherever I end up working, and live frugally until the debt is paid off. But I don't know how long that could take or what options I have. Any advice would be appreciated. Thank you. + +Edit: To be clear, this is a 4-year bachelor's degree. I mean that I am a sophomore and two years from now I'll be coming out with 100k. + +Edit2: These are PARENT PLUS LOANS, not DIRECT LOANS. Also, rip inbox +Too many executives. They ā€œstealā€ and pocket millions or tens of millions. Some hundreds of millions. All while paying their employees dog shit and charging customers way too much. Scams galore +[McDonald's reports](https://www.cmcmarkets.com/en-gb/opto/mcdonalds-share-price-what-to-expect-in-q2-results?utm_source=reddit&utm_medium=organic&utm_campaign=investing) its worst global sales decline in recent memory, with drive-thrus and delivery unable to make up for the blows from pandemic shutdowns and consumer caution + +McDonald's CFO Kevin Ozan says in Q2, nearly 90% of sales again came through the drive-thru + +[https://www.bloomberg.com/news/articles/2020-07-28/mcdonald-s-shares-fall-after-reporting-plunge-in-global-sales?sref=Hny5JH2p](https://www.bloomberg.com/news/articles/2020-07-28/mcdonald-s-shares-fall-after-reporting-plunge-in-global-sales?sref=Hny5JH2p) +UPDATE: I ended up taking the money to a competing bank.(yes, another bank that's one of the top 5 biggest banks in the US) Their branch didn't even ask me to open an account. I simply told them exactly what I had and asked them if they could give me new bills. I was prepared to open a new account if they asked... but to my surprise, the teller examined the old money and gave me new bills in the same amounts. I was impressed..... maybe I will switch my banking need to them in the next couple of weeks. :) + +where can I deposit almost $1400 in old $100/$50/$20 US currencies from 1970s/1980s? + +I found them in my 1985 old passport. Can't really remember why I left them in there, but back then, I did travel to Europe a couple times every year. + +My bank(BoA) refuses to accept them. While the bills were all nice and clean, they said that they couldn't accept such old bills....??? I don't have any other accounts at other local banks.. :( +Thought you guys might be interested in this! If you've never checked out Freakonomics radio, it's one of my favorite podcasts, definitely worth a listen. + +http://freakonomics.com/podcast/stupidest-money/ +https://www.npr.org/2020/03/19/818343720/homeowners-hurt-financially-by-the-coronavirus-may-get-a-mortgage-break + +Important highlights: + +> Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. + +> Homeowners can't just stop paying their mortgage. "They need to contact their servicer + +> This is not a forgiveness of debt or free money. Homeowners will work out a repayment plan once they recover financially. Calabria says that this might involve just extending the term of the loan. +Iā€™m interested in investing my money into a property and making a profit. Just wondering what would be the best way to get into selling/ renting homes? Iā€™ve been doing research on whole selling and flipping. Just looking for advice on what would be a good investment at this age with little money. +Single, 30, VHCOL city, \~11M net worth (all liquid; just big ETFs and cash), $200-250k/year expenses, no health issues or family history thereof. + +I barely use any healthcare, but my few engagements with the system have gone (very) poorly thanks to the awfulness of the ACA plans. I picked one of the most expensive bronze plans, but it's been a dumpster fire of insurers and medical offices contradicting each other and their own colleagues/websites over whether they take it. I've lost many hours researching and on the phone, all for the privilege of getting a fraction of the premium value back. I understand that my place in the system is to subsidize older, sicker people and I'm fine with that. It's the actual unusability of the plan and losses of my time that I can't stand. + +I could switch plans, try even harder, and perhaps find actual providers and referrals. But my experience has seriously left me considering just going uninsured. I recently went ahead and paid $3k out of pocket to a dermatologist for a minor thing instead of going through insurance. This was... liberating? + +Could I just keep doing that? I understand that chronic conditions and exotic procedures can go into the many millions in America. But for someone like me, the risk is more like getting hit crossing the street and ending up in the ER. Just how big do such bills get? I'm thinking I'm willing to take that risk if these numbers don't go above $2-3 million and the risk per decade is like 1%. It checks out from an expected value standpoint. And for anything non-urgent, there's medical tourism. + +Somebody sanity check me. Having insurance seems like a mandatory thing in this country. Conversely, being uninsured seems like it should be a scary thing. But numbers-wise, it seems reasonable. I'm interested in some alternative perspectives before I pull the trigger (ACA sign up deadline is coming up). + +EDIT: Thanks, everyone! I'll explore my HDHP/HSA options further and use cash to avoid limitations/hassles as you guys suggested. +Is it purely an investment now? I, with my limited idea of economics, do not see a reason to keep it except for investing or hobby purposes. I know that it was supposed to replace banks or something, but what does that even mean? +I'm 27M, I live in a HCOL city (Seattle), my current salary is \~350k, NW is \~1.1 million. My bf and I don't plan to have kids. He's a teacher and doesn't earn as much so if we want fatfire, it'll have to come from my career. + +My current job is great. I love the work on my team, the people are wonderful, the WLB is great, it's growing my expertise in a desirable and transferable domain, and it's low-stress. I'm genuinely interested in what I work on on this team, the work is almost like a fun hobby. It's in a niche domain that I am positive I wouldn't get to work on at another company, at least not in the same way. Within the industry, this team is the leading one in this domain. + +The only thing I'm not happy with is the compensation. My datapoints show that I could be making 450 to 500k. + +I can't negotiate or get a counter-offer at my current company, a promotion to the next level isn't likely anytime soon, so I either have to suck it up or leave. + +Given that I'm already making 350k, is an additional 100-150k that important? After taxes, it'd come out to an additional 63k to 94k per year. I don't plan to have kids so I don't care about leaving an inheritance. At a new job, there's no guarantee as to whether I'd like the team culture or the WLB. + +At the same time though, I'm 27 and that money can compound. I still get stressed out about going to restaurants with my bf because I feel like I should be saving money instead. I also have a single mom I'll be financially helping out in the future. Additionally, I'm starting to feel underpaid and am starting to feel resentment building up. + +What would you do in this situation? I'm torn. Thank you in advance. + +&#x200B; + +Edit: Thank you for all the feedback! I really appreciate it. You all have made me realize a few things: + +1) Money will compound now better than ever, so even 2-3 years of that salary difference would end being way more after 15 years of it compounding. + +2) I have the privilege of taking as long as I need for the job search to find a great fit + +3) I care about money more than I thought I did and I don't care about WLB as much as I will in 10 years + +With that said, my next steps will be preparing for interviews and interviewing around until I find a great fit. I'll keep y'all updated with what happens! +Hey guys, I was just thinking about how Peter Lynch talks about boring businesses in one up on wall street. I feel like I currently donā€™t have a company in my portfolio that I would consider boring. To say it different, I donā€™t think I own a company which I could sufficiently describe to you in under a minute. Obviously there are such companies, but are there any great business from a valuation standpoint at the time? +Hi. + +&#x200B; + +GoodRx Q4 earnings was released a couple of days ago, and as outlined in [this article](https://ca.investing.com/news/stock-market-news/goodrx-plunges-35-as-guidance-disappoints-2646983) the EPS came in at $0.09 instead of the anticipated $0.10, causing the stock to plunge about 38%. + +How come the market reacts with such a huge drop based on - seen with my novice eyes - a quite small underperformance from a high growth company? I know that wall street is all about the next 6-12 months, but a close to 40% drop based on a an EPS 10% below expectations seems rather excessive. + +PS. Note the typo in the title - it should say "10%" +Performing valuations is a cornerstone of the investing process. What's the #1 mistake new investors make when valuing businesses they're interested in investing in? + +I think Warren Buffett, the greatest investor of all time, said it best: + +>It is better to be approximately right than precisely wrong. + +**It's generally not a good idea to attempt to come up with a precise number when you're performing a valuation for a few reasons:** + +1. If you need to make a precise calculation while doing your [DCF analysis](https://www.investopedia.com/terms/d/dcf.asp) to figure out if a stock is undervalued, that's a sign that it is probably not and that you should take a pass. The fact that it's undervalued should jump out at you once you read the financials and the form 10k (annual report), assuming you understand the business. +2. As a result of your precision, your [Margin of Safety](https://www.investopedia.com/terms/m/marginofsafety.asp) % can mislead you into thinking you have a good buffer if you get the number wrong. +3. You can easily fall victim to [anchoring bias](https://en.wikipedia.org/wiki/Anchoring_(cognitive_bias)) depending on how you first learned about the stock and in what order you consumed information about the business. This can cause you to come up with a valuation higher or lower than you otherwise would have. + +**What to do instead?** + +1. Get into the habit of performing a [scenario analysis](https://finance.zacks.com/definition-scenario-analysis-9135.html) as a part of your investing process if you haven't already. +2. Based on your scenario analysis, come up with a valuation for the worst case, average case, and best case scenarios. This will force you to come up with a range of possible values that, assuming you have investment skill, should be somewhere in the ballpark of the real value of the business. +3. Calculate your Margin of Safety for each of the three scenarios. Does your worst case scenario still have a decent Margin of Safety? Is your best case scenario a home run? Is your average case better than alternative investment ideas? These sorts of questions and the fact that you have more data points will help you make a better decision. + +As investors it's important to consider that the future is unknowable and that the true value of a business is unknowable until the investment (and incidentally, the business) has run its course. Because of this uncertain reality it can be dangerous to apply precision. + +Many of us attend school or work in professions where it's important to be precise and we are punished for not being 100% precise. I myself work as a software engineer at my day job and trust me, precision matters in engineering. + +**However, precision has no place in value investing.** So, we should heed Buffett's words and learn to become comfortable with uncertainty and imprecision in our valuations. + +*^(Disclaimer: This post and any of my comment replies are for entertainment and educational purposes only. This is not investment advice and I am not your investment advisor nor am I a registered fiduciary. Please hire a professional investment advisor if you're looking for advice specific to your situation.)* +Peter Lynch is Someone I listen to on a consistent basis so I don't do something stupid. He makes some great points in this video. + +[Peter Lynch: 3 RULES For a Falling Stock](https://www.youtube.com/watch?v=a0JlJl1XmLY) + +He talks about people buying stocks just because it has gone down a lot, this is definitely something I have done in the past. He is such a wise investor that really looks at the long term. That is something I need to work on because I am still young, Peter Lynch helps me understand shit like this. + +He also talks about knowing what you own. This is so important. If you know what you own it will always work out in the long run. + +This is someone you guys should all listen to. He helps you change your mindset to become a better investor. + +That channel has been posting great content! +The other day I made a post about how Iā€™m in debt and asking for help or ideas to decrease my debt. Today Iā€™ve had 2 people message me about trying to help me for free. I completely ignored the first one but decided to see what the 2nd guy would say. + +Weā€™ve been messaging back and forth for over an hour now and heā€™s asked me my name, how much debt I have, what banks I use, where I live, and what my job is. +All of the info I gave him was obviously fake. I knew what he was doing. I just wanted to have some fun with him. + +These questions werenā€™t back-to-back but were spread out over the past 2hrs. I just want to point this out because a lot of people on this Reddit are down in the dumps and maybe a few would be willing to give some of this seemingly unimportant info to people like this in order for a chance to get out of debt. + +ALL OF THIS INFO CAN BE USED TO GAIN ACCESS TO YOUR ACCOUNTS. + +Stay classy Santiago. + +EDIT: +Stay classy San Diego. + +EDIT EDIT: +People are asking how this info can be used to steal your accounts. This information ALONE canā€™t hurt you but I do know when using certain sites I have been asked how much debt I have on certain cards or who my student loans are through in order to verify my identity. Also, when someone starts asking questions like these they usually get into deeper questions about financial info. I think this guy was trying to warm me up because later he offered me a job and just needed my bank info to pay me. Even agreed to pay off my credit card as payment if I sent him a picture of the front and back. +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/EKU2tVBp9u). + +**First of all:** + +Iā€™m fully aware that this post is going to irritate some of my Bitcoin homies, but luckily Iā€™m in r/ethtrader ! Either way, please give this a proper read and give us some tidy counter arguments rather than downvoting because you hope Iā€™m wrong! šŸ¤·šŸ»ā€ā™‚ļø + +**Letā€™s get into it** + +To understand how the old financial establishment thinks about Bitcoin weā€™ve got to examine the concept: + +ā€œ*What you already know is the key to learning new things*ā€ + +This is true for the young and old, educated or not. New ideas are always best understood if they can be related to something that we fully understand. + +**Bitcoin cannot be directly related to anything which existed before.** + +A Hedge-fund Grandpa CEO would still say ā€œItā€™s all Greek to meā€ even if every intricacy of Bitcoin was explained to them. + +Think of Warren Buffet Et Al: They invest in what they understand, and something which is inherently productive, and useful so it will always be needed. Convincing a man like buffet that Bitcoin is inherently useful is impossible because it just isnā€™t. Some might say it doesnā€™t matter what an old man thinks, given his influence we must consider it. + +ā€œ**But Bitcoin is like digital gold!**ā€ I can hear being shouted over the thunderstorm of downvotes.! + +Letā€™s examine the Bitcoin is digital gold idea: + +It is scarce: āœ… +It is expensive to mine āœ… +is relatively easy to store āœ… +It has a range of uses other than as a store of value šŸš« + +If Bitcoin could be used in dentistry, medicine, electronics, computers and Jewellery, as gold is, then the financial establishment would taking it extremely seriously and not just investing to ā€œjoin the profit trainā€ or for a flashy headline. + +The most successful digital store of value in the future will be the one which shares more characteristics of Gold. Because this makes it easier for traditional investors to understand and trust. + +This cryptocurrency will require its primary or secondary use to be *inherently* productive. + +The financial establishment is just beginning getting to grips with this. One they fully recognise the value of a decentralised application running smart contracts on a cryptocurrency, they will have found their true digital gold: + +**Primarily useful**, but scarce and easy to store. Therefore the perfect store of value. The closest we have to this currently is actually **ETHEREUM** *The closest thing to a digital gold* + +Bitcoin will begin to struggle because it lacks this ever expanding ability to be useful. It canā€™t even be efficiently used as a payments system like bitcoin cash. + +We have a seriously finite amount computer power globally. Thereā€™s no place for an otherwise useless, energy inefficient digital store of value in the long term. Letā€™s see where weā€™re at in 10 years time. +How far along in your fatFIRE journey did it happen and how badly did it set you back? + +Just in need of some uplifting stories at the moment. Got hit with a low 5 figure expense out of nowhere that I did not need right now :( +I'll officially be out of poverty soon. I completed orientation yesterday. My first check will only have 7 hours on it. My next one will be the check I will be getting each pay day and will be making 4 times what I make now. + +I am so scared I'll lose this job in about a week because of all my other jobs let me go after a week or two. But this one seems like a perfect fit for me. + +I am slowly crawling out of poverty and it feels good (and terrifying). + +Edited to add: First day is done and I am confident I am not going anywhere. This is a good fit and they like me. + +Also, I am trying to reply to everyone but there are a LOT of replies. I'll get to them all eventually. I promise. +So I just got an email from a recruiter with the following job description: + +&#x200B; + +J**ob Title: Operations Analyst I (11874582)** +**Work Location: UNJ0001 525 Washington Boulevard Jersey City NJ 07310 ( Onsite job)** +**Rate: $43.47/hr on W2 Ā  ( We can not work on corp to corp)** + +**Contract: Long Term Contract** + +**Main Responsibilities:** + +* **.** +* **Trade Comparison** + * **Clean up on all DTC unaffirmed Prime Brokerage trades, by liaising directly with Prime Brokerage Clients and executing brokerā€™s Middle Office and Settlements teams** + * **Clean up all unmatched international (ie, non US trades), by liaising directly with Prime Brokerage Clients and executing brokerā€™s Middle Office and Settlements teams** +* **Fail Monitoring** + * **Track and resolve all open fails, by liaising with Prime Brokerage clients, internal settlements teams, executing brokerā€™s Middle Office and Settlements teams, Corporate actions and stock loan trading desk and operations** +* **Trade Amendments and Static data updates** + * **Make appropriate amendments and corrections to US and non US trades to amend misbookings.** + * **Request client, executing broker specific updates to static and referential data to ensure BNP Prime Brokerage and Arb RM are instructing with accurate settlement information vs the specific legal entity of the execution counterparty.** +* **Client Service / Customer Support** + * **Act as an operational point of contact for both external Prime Brokerage clients and internal departments to resolve open itemsĀ  related to unffirmed / unmatched trades, client reports, fails, static data,Ā  and any other operational issues.** +* **Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues** +* **Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum** +* **Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss** +* **Manage real-time trade booking exceptions internally between the trading desk and sales force** +* **Assist with project initiatives designed to improve and streamline existing processes** +* **Mitigate risk by reconciling discrepancies between the trading deskā€™s positions and the firmā€™s books and records** +* **Participate / assist in event processing and have a full understanding of the life cycle of a trade** +* **Collaborate with technology teams on the implementation of process flow improvements and efficiencies** +* **Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services** +* **Liaise with other Operation functions and other infrastructure groups to support a ā€˜one team approach** +* **Promote an efficient dialog/discussion with our internal and external partners** +* **Adhere to deadlines and objectives** +* **Where appropriate, ability to maintain and explain own position using logic in the light of differing views** + +**Qualifications:** + +* **BS ā€“ Economics, Finance, Accounting or other related field of study.** +* **At least 5 years of relevant financial industry experience.** +* **Strong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, etc.** +* **Previous experience (1 yr+) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution** +* **Proficient in Microsoft Office, especially Excel** +* **Knowledge of various financial markets.** +* **Strong sense of risk and critical thinking.** +* **Maintains high quality of customer service when communicating with clients.** +* **Display good relationship qualities, team spirit, and ability to work cross-functionally.** +* **Proactive and displays willingness to take initiative.** +* **Ability to effectively listen and communicate.** +* **Maintains acceptable response to stress.** +* **Rigorous and well organized** + +&#x200B; + +HMMMMMMMMMMMM + +&#x200B; + +Sure seems like someone is scrambling to reconcile their books on behalf of their Prime Brokerage clients i.e. institutional investors and hedge funds. + +Note this is a LONG-TERM CONTRACT role so it seems they are expecting a lot of work for the foreseeable future. BNP was also recently involved in a money laundering scheme in Gabon but since this specifically mentions derivatives experience I don't think it's related to that. + +Could this have anything to do with Robinhood's recent cost basis fuckery? Perhaps they're not the only ones having trouble unwinding this mess of fraudulent GME shares? + +What do APE think? + +I googled the above and found a few other postings on linkedin so they must be working with multiple consultancy firms. Here is one of them: + +[https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080](https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080) + +&#x200B; + +Feel free to rip this apart if you know more; I'm just an ape fighting for the cause of making scumbag billionaires like Ken Kaniff from Connecticut into former billionaires one GME share at a time. + +On a totally unrelated note, but also kinda related, I transferred all of my positions from E\*Trade to Vanguard this week and everything BUT my GME Shares came through, options contracts were fine. + +For some reason, my GME Shares are in the ether but It's too early in the transfer process to know whether fuckery is afoot. I guess I'll know more when I see my cost basis. Will update. + +&#x200B; + +**TLDR: Banks appear to be trying to cover their asses by paying a lot of money to outside consultants to reconcile their likely clusterfucked trade data. Most likely as a direct result of the new DTCC/SEC rules putting pressure on them to do so.** + +**Funny what happens when people do their fucking job šŸ’ā€ā™€ļø** + +&#x200B; + +P.S. I reached out to the recruiter to schedule an interview. I'll divulge more info if I make it that far in the interview process lmao + + +Edit: some apes have correctly pointed out that this prob doesnā€™t mean anything on its own and I agree thatā€™s why Itā€™s just possible DD. + +I still think thereā€™s a lot of recon value given that the language in the description seemed very specific to the discussions weā€™ve been having here. + +As others pointed out, in a vacuum a job description might just be a standard position they post from time to time but if we start seeing more of these pop up from banks, it can be a kind of canary in the coal mine that banks are scrambling. + +Like a slightly more sophisticated version of the watch the lights on the buildings thing ppl have been doing lol + +To that end, Iā€™m gonna paste u/chuckfina74 ā€˜s comment below since I think it can turn this info into something more actionable: + +*This is a way tech companies reverse engineer what their competitors are up to as well. + +Databases such as Indeed and Glassdoor are a good place for OSINT. + +ā€œMaybe SWIM should automate tracking financial job descriptions.ā€ + +ā€œIā€™d focus on contractors, because any company involved in shady stuff is sure as shit going to terminate anyone who finds bad stuff, and itā€™s easier to ā€œend a contactā€ than it is to get HR and lawyers involved in FTE terminations.ā€œ* +I'm 19 years old, after taking a year off from school I decided not to go. Honestly I need to move out asap, my mom, grandmother, and I live in a 2 bedroom apartment that has a roach infestation. (My mother owns the apartment). + +My mom doesn't want me to go, but honestly I can't take it anymore. The roaches are getting to me, they're all over the kitchen and slowly spreading towards my bedroom. I've been stressing like crazy, I don't want to eat, I don't want to be at home, I have no social life, I couldn't even hope to get into a relationship as the bottom feeder I am atm. + +&#x200B; + +My mom wanted me to go to college but I'm already pinching pennies as is. I pay the internet bill, and for my own food atm. I think I'd probably kill myself If I had to live here for another 3 years while I payed off student loans, worked and went to school. + +&#x200B; + +As of right now I'm making around 2-300/week, and spend 100+20/month for internet and gym membership. I do my own cooking and rarely eat out. I spend prob around 2-400 a month on food, closer to 250 if I'm anal about spending. + +I'm looking for a full time night shift job atm that I could do in addition to my current grocery store job. My mom and I share a car atm, she works from 6am-4pm weekdays, So i usually go to work when she comes back, that is also the reason I am looking for a night shift job. If I can get enough consistent income to take out a cheap car loan I'd feel capable of moving out. + +Honestly I've wasted too much money on weed in the past, I'm willing to admit it. I also don't want to spend money on weed until I'm in a comfortable position. + +My short term goals are, Get a full time night shift job, Take out a car loan, rent a cheap apartment. I've been looking near where I live atm and studios are cheapest 700, some two bedrooms are 1000, so If i got a roomate that would be around 500. + +&#x200B; + +If i can achieve those 3 goals I'll be in a much better place mentally. My mental health is not in the best spot rn, I've had my highs and lows, but I haven't felt this down in a while. All I want is my own apartment, car, and a steady job. That way I can feel less socially restricted, and use my free time to date and pursue my side hustle. + +&#x200B; + +ps. Dont have a credit card only debit. I use capital one + +TLDR; want to move out. 1K savings, Not going to school, no car, only part time job, make roughly 300/week. Please help. +For some background our roles at the company only overlap in that they both involve computers, so when I was hired as the start/only person in my department (design engineering) they placed me under him for a manager/supervisor. Since it was a new position at the company they didn't have a full work load and I began taking on portions of my boss's job (over the years he became a catchall for anything computer related, so marketing, design, ordering, research, PR, job postings/hires, anything beyond knowing how to use excel or word) I am also very fluent and adaptive at computers so it was easy for me to take on anything that was needed. So my position soon became about 40/60 for what I was hired to do vs what I was actually doing. + +Fast forward to when my immediate boss abruptly left the company for another job, I had a crash course in everything he does for the company (as much as could be done in such a short window) and immediately began taking over every aspect of his job when he left. I've now been doing my boss's job plus my job, as well add being asked if I'm interested in taking on more then that.. + +I am completely capable of doing all of this work, and doing it very well, however it is not what I was hired for and not work I'm incredibly passionate about, but I would be more than happy to take it all on for the right compensation. + +My question is, how do I know what is fair to ask for so that I don't shoot myself in the foot one way or the other? I don't want to ask for too much and piss off the company (like asking for more than the next higher up that I'd be negotiating with makes, or low balling myself so that I can never catch up). I know the company can be pretty cheap, but also that they could literally double my salary and it would still be well over $10k less than what they were paying both me and my previous boss (not even counting benefits). + +I'll be sitting down to negotiate soon and want to be prepared as best I can, but don't want to screw myself by asking too high/low. This company has zero information online for salary comparisons, and as I said, I basically started my department as the sole person in it and my boss's was his own bubble as well, there is no one else at the company that knows how to do either of our jobs (I am able to do my boss's job but he was never capable of doing or understanding mine), so there is no one else in the company to really compare my skills/salary too, but I think the fact that no one else in the company is able to do my job or his, but I can, would give me decent leverage? + +I know along to double my salary is a huge leap, but also to hire a replacement for him would cost them more than that, and they'd have no one to train the new person as the old guy is now gone and no one else knows how to do his job. I know if I left they'd really be hurting. + +What would be fair for me to ask for or what is the best way to approach negotiating this so I can get my best possible compensation? I'm great at what I do and very capable of a wide range of skills, but get nervous when it comes to negotiating worth/money/benefits. + +Thanks in advance for any advice! +I broke up with my ex-partner a couple of years ago. She was having a lot of financial difficulties at the time and was in Ā£6k worth of debt. + + We had a joint account at Lloyds which we used for paying bills. When we broke up we stopped using this account where it has laid dormant since. I did try to close the account but this was such a faff that I gave up. The last activity in this account before today was May 2019. + +Unfortunately tonight I have made a complete pigs ear of a transaction. In attempting to move Ā£550 from my current account to another savings account I accidentally transferred it into this dormant joint account. + +When I tried to move it back again it said I couldnā€™t do this online and to ring a number. + +After nearly an hour on the phone with Lloyds it transpired that the account has a bankruptcy notice on it, and they couldnā€™t move the money back over the phone. I was advised to call the dedicated bankruptcy team in the morning. + +I havenā€™t been in contact with my ex in about a year and am not keen on ever speaking to her again. I looked at what public information was available online and can see that she filed for bankruptcy in February 2020 and was discharged in February 2021. To my knowledge she had no debts with Lloyds. + +So what are the chances of me getting this money back? Will they refund it as a simple mistake or will they claim that the money is now hers too by rights and seize it to settle her debts? + +Appreciate it was a daft mistake and in hindsight I should have disassociated myself from the account years ago but that is by the by now. +Short version: Want to take a ā€œyear-long sabbatical from savingā€, have a ā€œhall pass for a year to buy whatever I wantā€, etc after saving/investing diligently for past 7 years. Has anyone done something similar? Is this foolish? + +Age: 30 +Annual Salary + Bonus: 150K +Annual Expenses: 24K +Dependents: None +NW: 425K broken down into...Brokerage: 230K in Vanguard dividend ETFs split evenly into VIG and VYM, IRA: 130K in Vanguard VTI, Roth IRA: 50K in Fidelity FZROX, Cash: 15K in Ally bank for emergency fund + +The 410K (100% in stock) I have invested in all my investment accounts, I will not touch until I hit 65. Based on the compound interest calculator, this is what the ending amount will be in the 35 years from now until I turn 65 if I never contribute another dollar. I put 3% average return on the low end to be conservative and 8% for the absolute best case scenario, I presume itā€™ll end up somewhere on the lower end. + +@3%: $1,153,683 @4%: $1,617,896 @5%: $2,261,566 @6%: $3,151,295 @7%: $4,377,398 @8%: $6,061,991 + +Because I have reached coast fire, Iā€™d like to spend the next 12 months spending every dollar that I earn from my job. + +Why? A few reasons...I have lived very, very modestly the past 7 years since Iā€™ve graduated and saved/invested almost everything (70%+ savings rate for all my working years). I have purposely lived like a very poor student and instead of lifestyle inflation, participated in lifestyle deflation. Had very close high school friend of mine recently pass away suddenly at such a young age. This shook me and I realize I canā€™t take anything for granted. I recently turned 30 and I donā€™t know if this is an early mid-life crisis, but Iā€™m already thinking about my mortality. + +What do I plan to spend the money on? After covering my regular annual expenses, I calculate Iā€™ll have roughy $70K (after-tax) over the course of 12 months to spend. My plan is to spend it on the below... +1. 2 week vacation with my immediate family (father, mother, sister) to St. Maarten (or equivalent if Covid makes things complicated) - $10K +2. 1 week vacation to Disneyworld with my nieces and nephews - $5K +3. One time financial gift/small token of appreciation to my parents since Iā€™m forever grateful to them for paying for my college - $15K +4. Used luxury sports car - $50K + +A few questions. Has anyone done something similar to this? Almost like a 1 year ā€œhall passā€ to just splurge after saving/investing diligently for a while? Is there anything Iā€™m overlooking or need to consider? Is the future value of my current portfolio after 35 years reasonably accurate (3-8 percent average growth/year)? Is this stupid to do in the middle of a pandemic? Why shouldnā€™t I do this? + +Any feedback, advice, thoughts would be greatly appreciated. Thank you all. +Apologies if this is the wrong sub Iā€™m not thinking straight + +A couple nights ago my roommate threw a small party, on a Tuesday night?? I donā€™t socialize much so I thought it could be fun. I hung out for a few hours and honestly had quite a bit to drink. I guess I had enough alcohol in me to ā€œblackoutā€ for two days but itā€™s still kind of a blur. + +Hereā€™s what I know now, I woke with the worlds worst headache. I did not know how long I had been asleep but I knew I needed some water. When I stood up I felt it, I thought maybe I started my period early but no. Since then Iā€™ve had some moments come back in little pieces, just enough to understand what had happened (not super duper into lots of detail rn) My roommate left me a text, sheā€™s visiting family for a while but mentioned that there were some men at the party who were not invited, apparently ā€œno one knew them.ā€ + +This sounds so fucking dumb but I canā€™t get it out of my head. And I canā€™t even put all the pieces together! + +The reason Iā€™m making this post is because I and donā€™t have health insurance. I also donā€™t get paid until next week. So Iā€™m looking for some sort of alternative. Iā€™m terribly worried about STDS but also PREGNANCY. Iā€™m pretty sure this week is ovulation week if not itā€™s on its way (according to my brain calendar) all of this is bad. + +Iā€™ve heard of drinking teas or mixing herbs, but Iā€™ve also heard of the ol trip down the stairs scenario. What Iā€™m really wondering is if any of that shit works? What do I even do? I donā€™t even understand this why the fuck were those people here and why wonā€™t anyone return my calls. + +Sorry this turned into a rant Iā€™m so confused and tired. What kind of home remedies can I make with $10? Please only the ones that work, I would very much like to stay living + +EDIT: Hi again! You guys are seriously the best I appreciate all the suggestions. I have a feeling I might be in shock? Iā€™m not sure I guess talking about it has helped me get back to reality for a second. Anyways I have good news, Iā€™ve secured a ride into town. It wonā€™t be for a couple of days but itā€™s better than nothing! Appreciate all the suggestions (: + +Hello again, I plan on finding them. My main focus is Plan B, Planned Parenthood, ER, Cops, Costco, thatā€™s not in order. If I manage to get Plan B will it work okay if I take it on Saturday? I found a ride but I have to wait until then. Also side note: I havenā€™t gone to the ER yet because I live in Texas and am just slightly worried you know? šŸ˜¬ Also that little ride I have setup on Saturday, yeah thatā€™ll probably be out of state. I am however actively making calls and planning + +What the fuck man? Fucking weirdos tryna do a knock off wedding crashers gone wild on me in my own home. I couldā€™ve been chillen today, I bet theyā€™re chillen, you know? Just bein chill and unbothered with their stupid little piss bitch dicks. + +I did not talk like that on the phone with planned parenthood. +Iā€™m in my mid 30ā€™s, gross 145k, net 75k. Married but my wife has an erratic income, net 30k now, possibly 15k to 0 in the future. Weā€™re in a high tax area and Iā€™m forced to pay a lot into benefits because of forced retirement. Weā€™ve been living frugally and saving up for a cross country move for several years now and have managed to get 175k together. Work dictated our move, so unfortunately the timing with the housing market wasnā€™t great. To spare too many details, we bought something pretty quickly without getting a great feel for the market. Found a house in a great neighborhood, fairly renovated, had everything we wanted except it was way at the top of our budget. But we needed a place to live, so we put in an aggressive offer and got it. 4br 2ba 2200 sq ft, list 400k, appraised 410k, paid 420k. We put down over 100k. + +This all seemed fine to us considering the state of the housing market, we can afford it ok, and we figure if weā€™re feeling squeezed in a few years we can sell and downgrade, that is until some details of our new reality started coming out. + +First of all, big property tax increase coming next next year. I accounted for an increase but not to this degree, from 6k per year to over 10k. My monthly payment will be about 2200, and at my stable income of 6200, this does not feel like itā€™s leaving much to live on or save with. Especially considering everything is getting more expensive, weā€™ll need to buy a car soon, maybe my wife is deciding now she may want to have kids, and onto the next issueā€¦ + +The house is old, which we were of course aware of, but weā€™ve already had issues that werenā€™t made apparent by the inspection, namely old electrical. It isnā€™t something that needs to be replaced now, but as it ages itā€™s likely to cost us 20k at some point whether we repair it ourselves or knock it off a sale price. Additionally, the water heater, garage roof, roof, and hvac are all probably halfway or more through their life. I think realistically we could be spending 75-100k in maintenance alone if we stay in the house for 5-10 years. + +None of this felt like a death sentence until I really started digging into the market in this city. Iā€™ve been keeping an eye on houses since we bought and every day it becomes more apparent how badly we overpaid. Our location is fantastic and walkable, plus the school district is the best in the area, but otherwise, 400k gets you a lot more in other areas. Our house is not laid out practically, thereā€™s no bathroom or closet on the first floor, the basement has areas where you can hit your head, the bedrooms are small and the closets are tiny, no master bath. It works fine for a child free couple but it makes no sense for anyone else. I must add also, this was a really cheap city to live in just 2 years ago. It is a far cry from anything like Chicago or New York or California. 420k is a ton of money here. It is still easy to find nice houses in the suburbs for 325k or less. Essentially we paid for location and bad market timing. + +I feel like Iā€™m totally trapped now. If we stay in the house, weā€™re only saving money while nothing is going wrong. Itā€™s only a matter of time something big happens and my wifeā€™s income dries up, and there goes all of our savings. I think if we sold this house right now weā€™d be lucky to get more than 350k considering whatā€™s been selling lately. So Iā€™d be losing all or more of my 100k down payment. If we were to rent anything other than an apartment, weā€™d only be saving maybe 100-200/mo plus whatever weā€™re spared in maintenance. If we go look for another much cheaper house to buy, weā€™ll have very little for a down payment, so the payment difference between that and our current house wouldnā€™t be all that much, could take 10+ years to get past break even. + +I donā€™t know what to do at this point. Iā€™ve completely set myself up for failure and Iā€™m not seeing any way out. I need some wisdom and advice +ELONPEG has been tearing up the chart, just about 2,500 holders but \~$9m cap with steady day over day growth, and of course STEADY BURN because Elon canā€™t help but tweet. This token was launched as a hedge against the tweets weā€™ve all come to love and hate with a super unique deflationary model: WE PEG ELON. + +WTF is Pegging??? In crypto, pegging a token is when you tie the value of one token somehow to events outside the blockchain. USDT is pegged to the US Dollar, WETH on BSC is pegged to ETH on Ethereum, etc. So hereā€™s what we did: We pegged Elon. This means every time Elon tweets, our system of APIs and smart contracts AUTO-BURN supply, resulting in reflections for holders and mass amounts to burn. So far heā€™s burned through over $1.5m in ELONPEG with tweets, and you know he canā€™t stop! See what we mean here: imgur.com/a/cKxm4DE + +MASSIVE marketing every minute since launch between ads, influencers, had a great recorded voice AMA with the devs and will do plenty more to come, locked liquidity,just listed on CoinGecko, CMC still on the way, about 20 hours a day of founder interaction, and limitless potential with amazing tokenomics and automations! + +If youā€™d rather check out our site than hear me talk: elonpeg.com + +&#x200B; + +šŸ”„ Tokenomics + +\- 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting. + +\- 1 Trillion total supply, 500Bn has been sent to the BurnUponTweeting contract, which we call the BURN VAULT. + +\- The Burn Upon Tweeting contract (which was audited along with the token) started with half the total supply. Every time Elon tweets, our APIs fire and call the ElonTweeted method which burns 0.5% of the burn vault supply. ELONPEG in the vault remains in circulation as long as Elon keeps tweeting due to the reflections generated. + +\- Further automations blast the message on our TG and Twitter, check out a recent one here! Every Elon tweet creates MAJOR HYPE as we watch the reflections roll in and the burn happen automatically. + +&#x200B; + +BurnUponTweeting was also extensively tested in Testnet. The process goes something like this: Elon Tweets are picked up within minutes, activating the vault code that burns the required amount, then stores the tweet ID in the burn tx record event logs, and then sends alerts to the Telegram channel and Twitter, fully automated, every time, within moments of tweeting. + +&#x200B; + +šŸŖ WEN MARKETING? + +Weā€™ve got ads on PooCoin, multiple videos and posts up on Twitter, TikTok, and Insta, and a rotation of influencers worldwide ready to go. CoinGecko just listed. This project is still VERY young and primed for liftoff! + +On top of this, the devs are SUPER responsive and our TG chat is lively. Come on in, ask questions, share memes, get involved. We have our ShillX group earning ELONPEG with outreach and awareness campaigns. + +I havenā€™t been this hyped up in a long time, the economic model is new and unique, the integrations are automated and secure, this is a TRULY unique and innovative token that is going to blast off. + +&#x200B; + +Website: [elonpeg.com](https://elonpeg.com) + +Telegram: [t.me/elonpeg](https://t.me/elonpeg) + +Twitter: [twitter.com/elonpeg](https://twitter.com/elonpeg) + +Contract: 0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +BurnUponTweeting: 0xb016de73a65eef0c7d2f0a7bf236803e637e655d + +Pancake Swap: [exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3) + +BSCScan Explorer: bscscan.com/token/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 +Hey /r/financialindependence! I was honored to win the "Best Overall Submission/Topic of 2019" with [this post](https://old.reddit.com/r/financialindependence/comments/c02ml4/timing_the_market_the_absolute_worst_vs_absolute/) and I wanted to follow it up with another analysis I did! If you would prefer a visual journey, you can see it [here](https://imgur.com/gallery/4bx7I7v). + +# The Lost Decade + +The decade of the 2000s (2000-2010) was a bad stretch for the US stock market. It started with the dotcom crash and ended with the financial crisis. The share price of the S&P 500 was DOWN about 22% in 2010 from where it started in 2000. It's referred to as the lost decade because the US Stock market didn't provide a return. But that's not the whole story... + +# Don't Forget Dividends + +For whatever reason, almost every stock chart in the world ignores dividends. Even most interfaces on Vanguard, Fidelity and Schwab only show change in share price and ignore dividend payouts. When you look at the lost decade and include dividend reinvestment the market was only down about 7%, not 22%. But even THAT'S not the whole story... + +# Early and Often + +When you look at a stock chart, it's kind of this fictitious example of dumping all of your money in at the beginning and letting it ride with no additional investment. But that's generally not how people invest during their wealth building phase. Many do (and more should) invest **early and often**. Sure, if you dumped all your money in the market on January 1, 2000 and waited 10 years, you'd be down by about 7%. But if you did that you would miss a big buying opportunity when the share price is low. If you look at the "lost decade" a different way, as investing monthly throughout, it tells a different story. + +# Making Money in a Down Market + +A $500/month investment from 2000 through 2009, with dividends reinvested, would $63,912. That's about a 7% GAIN (over the $60,000 total investment) when the share price was down 22%! That worked because when the share price was low you accumulated way more shares, and that value was amplified during the recoveries. + +# It Gets Better + +And if you kept that $500/month going for the NEXT ten years, when the market actually recovered, your $120,000 would have turned into $348,231. + +# Looking Forward + +In those "terrible" twenty years with two catastrophic market crashes, the market returned only 6% per year. If the next twenty years look exactly the same and you keep investing $500/month, your $240,000 investment will turn into $1,353,574.ā£ + +# Net Buyers + +Remember that if you are a "net buyer" of stock, you WANT the price to go down. Just like anything you buy, you want to pay less for it. When you're a "net seller" (like in retirement) then you'll want the market to go up. But if you spent your working career investing early and often, hopefully you'll have plenty. Even having made money during the terrible down years. +I'm reading so much doomsday comments about the current transaction backlog, some even going as far as attributing the IOTA rise to it. As a sidenote: IOTA is rising because it announced partnerships with a number of very big companies. + +Now for the scaling problems: *There really is nothing to see here*. I don't understand why people are acting surprised that Ethereum can't handle the volume generated by the crypto kitties game, even going so far as being negative about it. The current network transaction capacity is **very well known**. + +There are many scaling solutions in the works: NONE have been implemented yet, all are showing progress and might be a little ahead of schedule. The main ones are POS, Sharding, Plasma, and state channels (raiden and other solutions). The first version of Raiden is available on the mainnet, but this is not being used by cryptokitties. They'll have to change that or someone will come along and create a much faster version based on the current raiden implementation. + +So please stop all the FUD, ethereum's current state is known and the foundation has laid out the scaling roadmap. Cryptokitties might be a bit annoying right meow, because it's clogging the network, but this is very good for Ethereum in the long run. + +I started using budgeting software a month ago. Before that, I had no room in my budget. I always ended up with no money at the end of the month. Then I started using the budgeting software, and now I have a clear idea where my money is going, and I am much more concious of how I want to spend my money. AND I have money left at the end of the month. Like a lot of money! + +I just wanted to share, because I have gone from a feeling of no control to a feeling of complete control, and it feels amazing! I really hope I will be able to keep it up. + + +Edit: A lot of people have asked what I use to budget, so I will tell. I didn't originally, because I felt like it would seem like an ad. Some people have accused this post of being an ad. It isn't. + + +I made this post from a genuine place of wanting to spread my happiness to others, and I am so happy to see that others second my amazement with how powerful a budget is. +And that is the thing. I didn't want to advertise a specific product, because what I'm trying to inspire other people to do, is making a budget, because a budget is powerful. Software is a help for me, but we are all different, so what I do might not work for you. Maybe you have everything under control, and a budget would just be a hassle, because you intuitively know everything that a budget will tell you. + + +Here are a few that have been mentioned in this thread: + + +*Mint* + +*YNAB* I use this. + +*Google Spreadsheets* + + +Do your research! Type in "top ten budgeting software" and a lot of articles will pop up. +Iā€™ve been theta-ganging for about 2 years now. A lot of the standard wheel stuff but mostly holding shares of good companies and selling CCs for premium. + +I used to have a ton of LEAPS with CCs sold against them on a bunch of different companies, but right now my entire portfolio is 100 shares of AAPL, AMD, NKE and I play with LCID because my cost basis is so low on them ($16) + +Iā€™m debating this week selling CCs on all my positions right ATM to snag a good premium with the intention of everything getting called away, and then going all into TQQQ next week. + +Here is my reasoning, please add to the pros and cons: + +1. No earnings, so donā€™t have to deal with any ā€œbuy the rumor, sell the newsā€ issues or the ā€œitā€™s already priced inā€ +2. It tracks the Nasdaq which all of my companyā€™s are already in (minus LCID) +3. From what I have researched, itā€™s premium is pretty good most of time +4. I donā€™t have to research multiple companies + +Downside is no dividend, but only AAPL and NKE have one and they arenā€™t great. + +Thoughts? + +Edit: Holy cow wasnt expecting so many replies, going through them now. +The never ending fucking etoro ads that plague my phone on every social media platform and YouTube. I donā€™t care about fuckhead one and fuckhead two trading on their scam platform. + +Had to get it off my chest +I'm new to this sub and investing, so sorry if these kind of posts are not allowed. + +i just started by making a paytm money account and I'm thinking of investing in a mutual fund but it says there is no commission so i was just thinking how are they making any profit cause it sounds to good to be true. are there any hidden fees? +I work at a cafe which struggles to find people competent enough to hire. It isn't a hard job so anyone really with half a brain can do it but we can't find staff and the staff we do find are usually 16-17 year old school dropouts who aren't the brightest, but it'll do. Many of my customers are business owners who also say that struggle hard finding staff and it seems like no one wants to work. + +I'm no economist but I'm trying to figure out what this means for the our economy. Too many jobs with too little workers sounds like it could be a booming economy, but surely that wouldn't be right with how stagnant things are currently with things casually getting worse. + +Long story short, what causes this and what can this employee shortage mean for the future +Thereā€™s this guy I work with, he earns Ā£45000+ which is way above the average UK salary, works four on four off , gets 35 working days holiday per year (Americans donā€™t know this feel) (which means he works about 4.5 months of the year). + +He is in his early 40ā€™s, is a supervisor, lives 3 miles from work and ASKS ME, a part time early 20ā€™s making next to nothing for motivation to start work everyday. + +Some people really have no perspective on life. + +One day Iā€™m going to snap and say how about you lose your job, canā€™t pay your mortgage, canā€™t feed your family, become homeless. HOWS THAT FOR MOTIVATION you imbecile. +Because of your shady business tactics and a huge error explained with, "someone hit the wrong button," you managed to reignite the DRS drive, so thank you I guess. Now, I plan on DRS'sing 100% percent of my shares. Thank you for inspiring me to go all in, and keep accidentally hitting those buttons whomever you are. + +&#x200B; + +Edit: Thank you for the award(s). Whoever you are. + +Double edit: Just got off the phone with Fudelity and DRS'ed 100%. Sorry it took so long Silverbacks. +It's pretty mystifying how both mainstream media and online discussion in general keeps lumping together "real estate prices" in the capitals and elsewhere as one big clump, when the fact of the matter is that apartments and freestanding homes serve entirely different markets, demographics and life stages. + +They return different yields, are affected by different external factors, and require different amounts of upkeep, too. + +Saying that "property prices in X region have climbed Y%" without breaking them up by housing type is really deceptive, and just reeks to me of mainstream journos either not willing to put in the legwork to break them down further, or having an ulterior motive to wanting to disguise the figures in some way. + +Even the recent Corelogic figures posted here didn't break them down by housing classification... kind of irks me and just feels deceptive IMHO. +Maybe it is just me but I totally trust exchanges to take care of my crypto. Of course I am speaking of popular and trustworthy exchanges. Leaving your crypto on an exchange nobody has ever heard of is of course a dumb idea. + +But do you want to tell me that your crypto is not safe on Coinbase, Kraken, Gemini, Crypto.com or Voyager? It is 2021 and not 2014 and these exchanges can not be compared to Mt Gox. + +Also sometimes people get the whole "not your keys, not your crypto" thing too seriously. I have seen people here complainig that they lost a big amount of their ETH to move it to a cold wallet. Well, high gas fees are another topic but you definitely shouldn't move your crypto to a wallet if you have to lose like 1/4 of it to do that. If you just have 0.05 ETH or similar then just leave it on the exchange. Nothing will happen to it. + +Not to mention that if you are new in crypto then it is more likely for you to lose your piece of paper with your seed phrase than an exchange like Kraken or Coinbase to get hacked. If you ever accumulate a bigger amount of crypto then you could think about buying a cold wallet! + +PS I originally [posted this](https://www.reddit.com/r/CryptoCurrency/comments/phepj2/no_leaving_your_crypto_on_an_exchange_is_not_the/) on friday but it got deleted for mentioning ETH in the title because there were already many posts about ETH. But my post was doing very well and most people seemed to agree so I decided to change the title and repost it today! +Navi launches US Total Stock Market Fund of Fund + +Why is this sub reddit not taking about this. + +With other fund of funds not accepting fresh intakes this funds seems a no brainer to me + +Probably even if they were accepting intakes. + +I am seriously thinking of moving my ICICI us bluechip funds to this funds in 6-9 months. + +Any catch other than the fact that it is a new fund and liquidity might be a concern. +Once I get a job I am hoping to start investing around $200 a month \[I think I will get around 1K a month, since I'll be working part-time, so I'll be investing 20% of my income\]. +Would I be able to get anywhere with that? I will invest more over time, but until I can afford to invest more I'll probably just do $200. Is that too low? +Hi all, + +UK, 24M and as the title suggests - I just settled a medical negligence claim for a larger sum than expected. + +Iā€™m considering all options as I have no real idea what to do with that sum of money. + +Circumstances are below: + +- Full time self employed business owner + +- Currently making around Ā£30k per year through PAYE / dividends (set to increase to Ā£38k from 2023) + +- Still living at home with my parents + +- Around Ā£28k in savings across a few different ISAs + +- Ā£8k in savings in a Vanguard S&P500 + +- No credit card debt; only loan is around Ā£16k left on my car + +Looking to get some advice on where the best place to invest this money is. Any advice would be greatly appreciated :) +I am not about to be married or anything like that, one of my best friends got married last weekend though. However, I was thinking about it and was curious on what people who are wed spent. + +If you feel like elaborating on honeymoon / the ceremony as well I think it would be an interesting discussion. +I have recently started investing in equity funds. I do it in the form of SIPs. Recently, the market has been really bullish and I am afraid a correction might be due. I do not want to touch the SIPs as I am trying to build a habit. I do however have some cash which I am saving to build up on my equity holdings if and when the market corrects. So, the question is where do I park this money? Liquid funds, debt funds, FDs? I would ideally want to put it in an instrument which isn't affected much by equity markets and I can also leave the money in it even for long term if the market doesn't correct. +# FROM EVERYONE AT SUPERSTONK, HAPPY FUCKING BIRTHDAY TO THE MAN, THE MYTH, THE LEGEND, KEITH GILL AKA u/deepfuckingvalue AKA THE ROARING KITTY!! + +&#x200B; + +https://preview.redd.it/yst5srzmp3471.png?width=1426&format=png&auto=webp&s=ec0abcb085168e0ee37f347f6f15a9426c8ef57e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ¤šŸŽøšŸ„ šŸ¦Welcome to the JunglešŸ¦šŸ„šŸŽøšŸŽ¤ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $300 + +Open Price: $292.00 + +Daily High: $344.66 + +Daily Low: $281.00 + +Volume: 17.28 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ–šŸŽšŸšŒGME 101šŸšŒšŸŽšŸ– + + + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Annual Shareholder Meeting 6-9 ( Ķ”Ā° ĶœŹ– Ķ”Ā°) + +Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us. + +&#x200B; + +[June me @ January me- LOOK AT US](https://preview.redd.it/vji1ncyspu371.jpg?width=1080&format=pjpg&auto=webp&s=e4d01bafa33dfa7ba8a5fd74e17460896748a9e3) + +I want us all to have realistic expectations for the meeting... and I want to make it **perfectly** clear that this meeting is **not** the place to gather and have Woodstonk. (I promise that's a coming major event after MOASS!) But it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern. + +&#x200B; + +So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, **Monkey Business!** + +&#x200B; + +At 4:30 pm Eastern, **Monkey Business** will be live on Superstonk Live YouTube! Hosted by u/jsmar18 and u/sharkbaitlol and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day! Stay tuned for more details! + +&#x200B; + +https://preview.redd.it/qqkwtxkw12471.png?width=1024&format=png&auto=webp&s=2a9540f14d0ed8633d3e97fdab8ed1e1f28081e4 + +**And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:** + +&#x200B; + +* Be overly respectful of the space and people around you. Pretend you are at a job interview. +* Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!) +* Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police. +* If you gather in any capacity, even to sing songs, gather peacefully. +* Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly. +* Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example! +* **Most importantly, HAVE FUN!!! šŸ¤™āœŒšŸ’–šŸš€** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Mod Hiatus Update + +*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) + +&#x200B; + +Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution. + +Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action. + +**Therefore, please be advised of the following:** + +[u/StonkU2](https://www.reddit.com/u/StonkU2/) and [u/heyitspixel](https://www.reddit.com/u/heyitspixel/) have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. **As such, please be aware that they are no longer representatives of the Superstonk mod team** ***at this time*** **and any communication from them is coming as an individual.** We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# LAST CALL + +by u/Bye_Triangle + +&#x200B; + +https://preview.redd.it/emkauipvz1471.png?width=1000&format=png&auto=webp&s=0609cb675c59e832390b12218035b13afbb98a4f + +&#x200B; + +&#x200B; + +Listen, its literally your last chance to vote. Today is the final day for most shareholders to vote, unless you made arrangements to vote at the meeting. + +&#x200B; + +If you don't vote now, thats it... there isn't another chance. It doesn't matter how many or how few shares you have...every vote counts. + +&#x200B; + +https://preview.redd.it/b0q6k22k02471.png?width=900&format=png&auto=webp&s=83b64260ee6b4dec531b045045d5d62ed590edd6 + +&#x200B; + +There is not much more to say that hasn't already been said thus far with regards to the vote. You know why its important. You have been told that this is how we expose the fraud. If you aren't already convinced then there is nothing more to be said. + +&#x200B; + +Vote before you can't, almost out of time + +&#x200B; + +**Also comment !apevote! to get your special voted flair!** + +# VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Deep Fucking Birthday Wishes šŸ„³šŸŽŠšŸŽ‰ + +*by* [u/bradduck\_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/) + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As many of you know, today is the birthday of the now-famous retail investor, DFV. + +&#x200B; + +https://preview.redd.it/z5wk4095b2471.png?width=634&format=png&auto=webp&s=82e72b166e54b32bb78ec1696c7a0ae252044815 + +&#x200B; + +Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot. + +That means two things, apes: 1) Today's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation. + +Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other. + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ShareHOLDers Meeting + +by u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! I come to you today with news of our plans for the 6/9 GameStop Annual Shareholder meeting for 2021. Yes, after all this time, it is happening tomorrow! Many of you are already aware that your Ape-bassador recruited a bunch of volunteers who were planning on being at the meeting in person. To that end, we have coordinated with u/redchessqueen99 to bring you all a live stream of the events! + +&#x200B; + +The stream will be viewable on the never-monetized Superstonk YouTube channel and will begin at 10am ET. The feed will be switched between the various volunteers until the meeting starts. Since we do not know if any recording will be allowed inside, there is the possibility we will switch from our stream to theirs when the meeting gets underway at 11pm ET. The meeting is scheduled to last for 15 whole minutes, so do not be surprised if nothing too juicy comes out of it. Then again, maybe we will finally get to hear about the plans for GameStop's future! Nobody knows for sure, but we will do our best to bring you the info live. Our live stream will resume once the meeting commences, assuming we had to cut away in the first place. + +&#x200B; + +We have already gone over expectations with the volunteers, but for those of you who will be there that are not presently aware: BEHAVE. The shareholder meeting is a thing of business and should be treated as such. Honestly, I'm not too concerned about legit Superstonk peeps, rather, any instigators that may attempt to wear the Superstonk mantle for the purposes of bringing shame upon the name. Shun them, disregard them, and point out non-apely behaviour. Kindness, patience, and knowledge are our weapons, and we utilize them well. + +&#x200B; + +Once we wrap up, the volunteers will be going through their pics and vids and submitting the best captures to the mod team. So any ape that is interested in using some of the footage we collect for the purposes of hype-vids, just let me know and I'll get you on the list. There should be plenty for several unique videos, even if we get a lot of requests for the footage, so don't be shy. + +&#x200B; + +Before I sign off, I'd like to point out that the vote total will almost definitely not be shared at the meeting. Typically, the results are released 3-5 days after the fact, as u/atobitt has mentioned on other threads. Do not be surprised if we see some fuckery with the price over the next several days, as that seems to be the go-to hedgie tactic any time GameStop has a meeting of any kind. Until tomorrow, buy, hold, vote if you can, and always be excellent to each other. + +&#x200B; + +Power to the Player! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ghost in the Shill + +*written by SATORI co-creator* [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) + +&#x200B; + +[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/) + +The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes. + +&#x200B; + +[ SATORI dev, 2021 colourised ](https://preview.redd.it/8uqyy2nm92471.png?width=400&format=png&auto=webp&s=9fa877a494897aae3a5bc1f2804b8e14d958c1a6) + +&#x200B; + +The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) \- desperation is in the air, and it tells me everything I need to know. + +As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time. + +**Solicitations, trolling & phishing in DMs** + +This tactic is as old as FUD itself, but it hasnā€™t been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, **please report these to Reddit and our mod team.** + +A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter. + +**Bad karma** + +Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/) + +Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks. + +We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively. + +As with $GME as a stock, every vote matters. + +**Leveraging Apes and the weekend ennui** + +On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys. + +So, where was SATORI? + +As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape. + +We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later. + +Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them. + +I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to. + +It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to **check before posting.** + +The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) \- will appreciate it dearly. + +**Tag teams** + +Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides. + +[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3) + +**Hacked accounts & a final note on account security** + +We have received a surge in reports of Superstonk usersā€™ accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - donā€™t get complacent. + +Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +&#x200B; + +[NO hax for you Kenny](https://preview.redd.it/lv8hr16aa2471.png?width=400&format=png&auto=webp&s=21be93d4aed66633b51bf54c599b6232e464ad5d) + +&#x200B; + +**TA;DR** + +While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much. + +Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves. + +This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately. + +A sub is only as strong as its weakest link - B.H.V.F., and be strong. + +Catto + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Satori: The One Week Security Update (Important Information Inside) + + + +[Important Security Update for June 8th by](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) u/Grungromp + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_- + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - **IF REDDIT GOES DOWN AT A PIVOTAL MOMENT** go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +&#x200B; + +https://preview.redd.it/h0eu7iscb2471.png?width=1600&format=png&auto=webp&s=6446e97ab5cbca1974c729a53165870a51f93e40 +In the best interest of exposing Wall Street, we should create a master list of companies BCG has bankrupted, is actively trying to bankrupt, failed bankruptcy attempts, and other various scandals theyā€™re tied to. What better way to do this for the masses (and do the job of the SEC) than to put together a master list thatā€™s easy to digest? + +Here's what I have so far. Iā€™ll add more as comments come through with sources attached. Please feel free to call me out if anything is incorrect and I'll update the post accordingly. + +**Bankrupted** + +[Blockbuster](https://www.reddit.com/r/Superstonk/comments/tn2uuo/bcg_gave_consulting_advice_to_toysrus_as_well_as/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[OfficeMax](https://www.reddit.com/r/Superstonk/comments/u1zadn/after_watching_john_oliver_this_week_discuss/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Pizza Hut](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[KLM Air France](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[K-Mart](https://www.reddit.com/r/Superstonk/comments/tn0ywu/kmart_toys_r_us_enter_the_chat_its_like_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Neiman Marcus](https://www.reddit.com/r/Superstonk/comments/tnp84m/more_bcg_boston_consulting_group_connection_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Pier 1 Imports](https://amp.cnn.com/cnn/2020/07/31/business/pier-1-new-owner/index.html) + +[Sears](https://transformco.com/press-releases/pr/1959) + +[Toys R Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +[Circuit City](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +[JC Penny](https://chainstoreage.com/jc-penney-makes-key-hire) + +[Radio Shack](https://www.bcg.com/publications/2017/growth-strategy-vector-thrust-breakout-growers-get-right) + +[Texaco](https://globalonlinemony.com/at-mckinsey-widespread-furor-over-work-with-planets-biggest-polluters/) + +[Chrysler](https://dealbook.nytimes.com/2009/04/10/boston-consulting-is-hired-to-advise-treasury-auto-team/) + +[MF Global](http://www.mfglobalcaseinfo.com/docs/1279_15059.pdf) + +[Conseco Inc.](https://www.consultingcase101.com/consecos-acquisition-of-green-tree-financial-not-a-good-deal/) + +[CIT Group](https://www.americanbanker.com/national-regional/cit-hires-consultant-to-help-speed-up-turnaround-1092101-1.html) + +[GM](https://www.case48.com/bcg-matrix/12615-General-Motors) + +[WorldCom](https://www.irishtimes.com/business/worldcom-s-executives-earned-104m-as-accounting-fraud-was-used-to-boost-profits-1.1091498) + +[Washington Mutual](https://www.alliancebernstein.com/americas/en/institutions/bio.ajit-ketkar.html) + +[Lehman Brothers](https://www.businesswire.com/news/home/20210927005011/en/Piper-Sandler-Companies-Elects-Robbin-Mitchell-to-Board-of-Directors) + +**Actively Bankrupting** + +[Bed, Bath, and Beyond](https://www.reddit.com/r/Superstonk/comments/tn8lvr/bcg_currently_has_a_hand_in_bed_bath_and_beyonds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Harley Davidson](https://www.case48.com/bcg-matrix/13039-Harley-Davidson) + +[Kohls](https://www.reddit.com/r/Superstonk/comments/tnbs5x/bcg_and_kohls/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Macy's](https://www.reddit.com/r/Superstonk/comments/tnb4mz/bcg_partner_adrian_mitchell_became_the_cfo_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[RiteAid](https://www.reddit.com/r/Superstonk/comments/tyrim1/i_was_browsing_yahoo_the_fud_caught_my_eye_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Victorias Secret](https://www.reddit.com/r/Superstonk/comments/tnf7t2/ryan_cohen_tweet_victorias_secret_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Whole Foods](https://www.reddit.com/r/Superstonk/comments/to671e/whole_foods_also_hired_bcg_for_consulting_which/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[USPS](https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**Failed Bankruptcies** + +[PulteGroup](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GameStop](https://www.reddit.com/r/Superstonk/comments/tpjeyj/gamestop_fires_firm_connected_to_citadel_bcg_love/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**Scandals** + +[Karolinska Solna Hospital](https://www.reddit.com/r/Superstonk/comments/tt4zwi/bcg_was_hired_by_swedens_karolinska_solna/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[American Public School System](https://www.reddit.com/r/Superstonk/comments/tyvkdk/boston_consulting_group_bcg_has_been_heavily/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[$800,000,000 From the Federal Government](https://www.reddit.com/r/Superstonk/comments/tyk07f/since_2018_bcg_has_received_137_contracts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[SEC Reform](https://www.reddit.com/r/Superstonk/comments/tmxp3p/the_sec_hired_bcg_to_consult_and_report_for_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Consolidating Power for Prince Mohammad bin Salman of Saudi Arabia](https://www.reddit.com/r/Superstonk/comments/u3ryga/bcg_along_with_consulting_firms_mckinsey_and_booz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Sri Lankaā€™s Failing Government](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Assisting in African Gemstone Corruption](https://www.reddit.com/r/Superstonk/comments/tysagm/bcg_stole_patented_technology_that_guarantees/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Political System](https://www.reddit.com/r/Superstonk/comments/u2lm0g/the_kraken_is_everywhere_boston_consulting_group/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Military](https://www.reddit.com/r/Superstonk/comments/tnhggs/german_military_consulting_affair_was_a_big_thing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[World Economic Forum](https://www.reddit.com/r/Superstonk/comments/tosz70/the_final_boss_the_world_economic_forum_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Isabel Dos Santos hired BCG to exploit Angola's natural resources while the country suffers from poverty, illiteracy, and infant mortality](https://www.news18.com/news/world/how-us-firms-helped-angolan-rulers-daughter-and-africas-richest-woman-exploit-her-countrys-wealth-2464665.html) + +[BCG consulting for Saudi Arabia for the ](https://www.consultancy-me.com/news/3870/saudi-arabia-taps-us-consultancy-for-2030-world-cup-bid)[2030 World Cup bid](https://www.consultancy-me.com/news/3870/saudi-arabia-taps-us-consultancy-for-2030-world-cup-bid) +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! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Curious as to what (if any) alternative assets you hold in your portfolio and why? + +My largest allocation is in fine art, with a focus on Post-War and Contemporary paintings that have secondary sales history. +Hello Dividends Reddit, + +I have bought At&t back in Q1 of 2021 and it has been on the downtrend ever since. Should I bail or should I buy more and double down. Currently I have a $29.30 per share cost and staring down a loss and I am not sure if the dividends are worth the capital loss which is hampering my portfolio. Give me some advice on this move. +For all of those who talked to their family members about the markets at Thanksgiving dinner, and convinced them to buy crypto or stocks. A good idea in general, but the timing could not have been worse. + +At this very moment, members of our community are getting throttled like Bart Simpson by friends and family members who put too much money into the markets right before a big correction. + +Now all that we can do is have a moment of silence for our brothers and sisters who are facing all of the blame and frustration of their loved ones for giving them solid advice but at the wrong time. Hopefully we will all recover and be able to say I told you so in the future +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. + +**šŸ’ŽšŸ™Œ** šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ + +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 +80% of my holdings are BTC and ETH, but my other 20% are split among LTC, IOTA, NEO, and OMG. Thinking about jumping into ripple and one of the privacy coins like Monero or Zcash. What about you guys? +I want to diversify my portfolio to 4-5 cryptos and then sign off. +Now I hold XRP, XLM, BNTY, DENT and BLT. I'm partial towards selling off BLT and either strengtening my position in XLM or getting on either VEN or ICX. Any advice on a stable portfolio for 1-2 years? +I can't help but feel that earning more through educated investment, side-gigs, better career choices is a more solid way to get to FIRE rather than double down on extreme frugality. + +Picking a good mutual fund/etf is more important than not cutting my own hair or trying to grow my own vegetables. + +&#x200B; + +Clearly, I'm not saying it's either one or the other, but I feel like "making more" is often less talked about in FIRE. Instead, there is a much bigger emphasis on spending less. I'm relatively frugal, but I think keeping a healthy balance that is right for me impacts my quality of life greatly. Being able to do something nice for my kid (take him for an ice-cream, buy him a new lego set, etc) is just as important as turning off lights when not used, doing laundry less often, buying used clothes, etc. + +&#x200B; + +For me picking the right things in investments, selling things instead of throwing/giving them away, buying used (when appropriate), trying to earn more in my work are all big in my daily routine. + +One thing I can't see giving up is my Jiu-jitsu gym membership (a sport that requires partners and where coach is essential for learning and improvement). Keeps me fit and happy (for some strange reason "sport tired"= good vibes vs "work tired" = bad vibes.) + +&#x200B; + +What do you to earn more? + +My list: + +\- more educated investments + +\- selling instead of throwing things away + +\- trying to advance career instead of being in one place + +\- searching for gigs to do + +\- searching for items to re-sell (cars, electronics, etc) + +&#x200B; + +UPDATE: I Just wanted to say THANK YOU to all of you who chimed in. Whatever your experience or plan in life is, it is great to see such feedback ! + +&#x200B; + +Keep on working towards FIRE at your pace and pathway, I believe it's worth it. +Joe "podcast is moving to Spotify" Rogan made [headlines recently when he announced that he has signed an exclusive deal with Spotify](https://www.nytimes.com/2020/05/20/business/media/joe-rogan-spotify-contract.html). + +The multi-year deal is reportedly worth more than $100 million. + +Within just 48 hours of the announcement, [Spotify's market cap increased by nearly $4 billion](https://www.musicbusinessworldwide.com/spotifys-market-cap-value-soars-by-nearly-4bn-in-wake-of-landmark-joe-rogan-podcast-deal/), to it's highest point in nearly two years. + +At the time of the announcement, Spotify's share price was around $169, with a market cap around $31BN. As of yesterday, their share price hit an all time high of over $195, with a market cap around $36BN. + +Clearly, this is a big coup for Spotify, who have nabbed the biggest name in the podcast world and one of the biggest stars on YouTube. + +His podcast is the number one podcast in the world and gets as many as 190 million downloads per month. In fact, he was [Forbes highest-paid podcaster of 2019, raking in $30 million](https://www.forbes.com/sites/arielshapiro/2020/02/03/crime-does-pay-my-favorite-murder-stars-join-joe-rogan-as-highest-earning-podcasters/#177986913773). + +Of course, this had led to a discussion about the value of content, specifically the value assigned to music and longer form content like Rogan's podcast. + +According to music writer [Ted Gioia, a musician would need to generate 23 billion streams on Spotify to earn what they're paying Joe Rogan for his podcast rights](https://twitter.com/tedgioia/status/1262930316253110276). + +It is important to understand the context here: + +**For every dollar in revenue the Spotify earns, it sends 65 cents straight to the record industry.** + +**This caps Spotify's earnings potential, and means that it has a less robust business model than Netflix.** + +**For example, if Netflix pays, say, $30 million to make a new season of Ozark, that cost doesn't increase if it attracts more eyeballs. Media Rights Capital, which produces the show, makes the same money from Netflix regardless of whether the audience is 5,000 or 5 million.** + +**However, that is not the case with Spotify: costs** ***rise*** **with subscribers.** + +**Every stream will see another slice of the listener's monthly subscription fee go to the record label.** + +Spotify has a gross margin of around 25%, whereas Netflix has a gross margin of around 38%. + +Spotify has recently spent more than $600 million acquiring four podcasting firms, [including the $250 million acquisition of Ringer earlier this year.](https://www.bloomberg.com/news/articles/2020-02-11/spotify-said-to-pay-250-million-for-ringer-in-podcasting-drive) + +Therefore, for a capped cost, Spotify can attract new listeners and potential subscribers. Also, the more time listeners spend on podcasts, the less money Spotify gives to the record labels. + +[The deal has raised comparisons with Howard Stern](https://www.forbes.com/sites/arielshapiro/2020/05/19/the-new-howard-stern-podcast-giant-joe-rogan-inks-exclusive-deal-with-spotify/) and SiriusXM, which has made Stern a fortune. + +[In 2019 alone, Stern took home an estimated $93 million.](https://www.forbes.com/profile/howard-stern/#5bedd7033dc7) + +If video killed the radio star, did Spotify just kill the YouTube star? + +Or is this a smart move on Rogan's part? + +After all, it is expected that some clips will remain on YouTube for the casual algorithm viewers. + +Rogan has previously been [critical of YouTube's demonetisation policy and censorship on the platform](https://reclaimthenet.org/joe-rogan-youtube-demonetization-policies/). + +Overall, Rogan is banking a guaranteed $100 million in an [uncertain economic environment](https://www.youtube.com/watch?v=OsAfJMNtxsU). + +Although some have commented that he is sacrificing the scale provided by YouTube, he may well still have his clips channel on YouTube. + +As well as this, he is *licensing* his podcast. + +Therefore, if it fails, he has pocketed $100 million and can return to other platforms, thus generating more press. + +If it succeeds, he has pocketed $100 million and will have more leverage in the next contract negotiations. + +Now that's a win-win. + +What are your thoughts on the move? + +[https://www.youtube.com/watch?v=TePsYC-RQQs](https://www.youtube.com/watch?v=TePsYC-RQQs) +I recently did something fat for the first time. I bought first class airfare for my cross country flight. I know this probably doesn't sound like a huge thing for many people on this board, but it's a big step for me. + +The psychology of money is weird. Despite my net worth now approaching $5M I rarely spend on luxury items. I was raised in a blue collar town where Yankee Frugality was a big thing. With that ingrained, at times it has been difficult to spend on things that are nice but unnecessary - like upgraded seats on a plane, even as my net worth has grown over time. + +My net worth has been growing quickly lately, helped by a strong stock market. Five years ago I crossed the 1M mark, by the end of the year I might hit 5M if things go well and I think that rapid increase is messing with me a little. Almost like my brain hasn't caught up to the size of my statements, so I haven't given myself permission to spend much yet. Each year I've been expecting a decline but instead I get more increases. + +So, this year I decided to give myself a Christmas present and splurge on first class tickets. What I'm really curious to see is if I will think it was worth the extra money or not. But for now, I bought the first class tickets and am happy I did it. + +Is this concept of giving yourself permission to spend something that others here struggle with as well? + +Are there some high impact things you first started to spend more on and were happy to do so, when you reached a certain NW level? +Like the title says, I'm trying to rent out my current home ($2500/mo mortgage) for $3200 (lowered from $3500 due to no traffic). + +A company reached out wanted to make this a sober living home. They do inspections and make sure the house is clean and in good condition every 3 months and they hold themselves liable. They are willing to pay $3700 per month. + +Any thoughts? +Edit: Misleading title due to a little lack of knowledge.The title should read: + +# SPY is on track to have had no gains by May/June 2022 from 2021. + +With all the inflation talk, I got to wondering what SPY would look like if it were adjusted for inflation. + +Naturally, I had to compare it to the unadjusted SPY price. + +[2018 - Present](https://preview.redd.it/ga71o0rylhn71.png?width=1352&format=png&auto=webp&s=e7bb6d14d191c22fb25294639e41d26a1b4bb848) + +[2000 - Present](https://preview.redd.it/22gsuzfblhn71.png?width=1366&format=png&auto=webp&s=ddf8c06f98622d8ca0492e2e153ec82d7f1f6d99) + +I was shocked to find that sometime between May and June of 2021, **SPY adjusted for inflation falls below the actual SPY price for the first time since the year 2000** (likely the first time ever). + +What this means is that ~~nobody invested in SPY (and likely most of the broader market) is actually making money.~~ if we continue at the same pace, by May/June 2022 SPY will have not realized gains. + +For those of you lost on what I mean by this; **the purchasing power of the dollar has fallen by so much, that it will exceed any gains seen while investing in SPY by May/June 2022.** + +I am no market expert, but if on average the people/entities in the market are not making money, then surely we are at a tipping point. + +I have been waiting to see if inflation would go to 7-8% and surpass real growth. But little did I know, it had already done so. I just needed to do the comparison. + +As a slight counter DD to myself, it's reasonable to presume that perhaps the large entities in the market may not be affected as much due to the way CPI is calculated and is mostly relevant only to those engaged in those markets. However, if we assume that the CPI is very close to true inflation across the board, then the original point of this post still stands. + +# Opinion: + +I personally believe that this is a big deal, but I'm curious to hear what others think. In my mind, if the majority of people on wall st. are starting to not making money, then something has to break and break it will. I suspect this will encourage the selling off of debt for corporations as they try and weather out the months on end where they are not making money in the market as they usually would. Those who choose not to sell off will have to increase their leverage even further to make any profit, thereby making the market further unstable. Since most of this inflation has happened in the last quarter, I expect sentiment in the market to shift rapidly as we head into Q4 (October 1st) as fund managers do the math for themselves and realize they are actually generally losing money by investing in the market. Let me know what you guys think. + +Inflation-adjusted data sourced from:[https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month](https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month) + +&#x200B; + +Edit: Some of you in the comments are calling this post misinformation because I did not know the correct way in which inflation data was calculated. Let me explain to you one simple thing. I did not calculate the inflation-adjusted data myself. It was calculated by the source I posted above. I have reviewed how they calculate this and so far as I can tell, it is correct. It makes no difference how I believed it was calculated. Now if you guys have a problem with how the website has calculated their figures, then I suggest you look into how they've done that and comment back here. + +Edit2: Since we have cleared up the fact that my data is not wrong, some have pointed out that my assumptions in the title and body are incorrect, and you'd be correct. The fact is, technically, you would have still made gains investing in SPY. HOWEVER, and this is a big however, the revised interpretation of this data is that SPY is ON TRACK to have had no buying power gains by May/June 2022. +I saw Apex pop back up before in a comment thread and wondered whatever happened to the momentum behind that line of investi*ape*tion? From the BrokerCheck Report of APEX CLEARING CORPORATION, **all FINRA findings have allowed no admission of liability and a chump change fine**. + +Why is this not talked about more? + +Even Vlad keeps pointing his finger at them for imposing restrictions last year and we continue to fling shit at Citadel? Citadel is a criminal enterprise too, run by financial terrorist CEO Kenneth Cordele Griffin, but we should be talking about the crimes of APEX CLEARING too. + +# Examples: + +**Example 1 |** Page 22, Disclosure 1/44: + +[Failed to enforce a system that would track their crime.](https://preview.redd.it/2oji3s06zfh81.png?width=1202&format=png&auto=webp&s=a4e0f4c1ff7917aed1dee1bd7011cbcd9b2c27c5) + +**Example 2 |** Page 24, Disclosure 2/44: + +[Whoopsy, misreported short interest, where have we seen that before?](https://preview.redd.it/j5hpngejzfh81.png?width=1176&format=png&auto=webp&s=a5b9e9f246f68c2b7ba1e70b13f8b429755bae8c) + +**Example 3 |** Page 26, Disclosure 3/44: + +[Failed to report large option positions in THOUSANDS OF INSTANCES](https://preview.redd.it/zxv9ntwz0gh81.png?width=1200&format=png&auto=webp&s=85380b858f94ddc148baa663245a92d4e7860e28) + +**Example 4 |** Page 29, Disclosure 4/44: + +[Ooops, how 'erroneous' of me...](https://preview.redd.it/38iv9cxryfh81.png?width=1238&format=png&auto=webp&s=fae8e6cb9ba72870d27cb44ce8113159ced6c289) + +These are just from the 4 most recently viewable fines from 2019 and do not include any fines from more recent years because FINRA moves like a snail. We need to **make more noise about APEX CLEARING**, they are a criminal enterprise who are not being regulated correctly. + +&#x200B; + +**When FINRA overhaul?** + +**When APEX liquidation?** + +**When Congress braincells?** + +&#x200B; + +**PDF:** + +[https://files.brokercheck.finra.org/firm/firm\_13071.pdf](https://files.brokercheck.finra.org/firm/firm_13071.pdf) + +# + +# Faces of APEX's top criminals: + +[William Capuzzi \(CEO\) at Apex Clearing](https://preview.redd.it/qnry18ds2gh81.png?width=498&format=png&auto=webp&s=81e464de7e0d49a741fe7fb237dabc0cd4fb625b) + +[William Brennan \(CFO\) at Apex Clearing](https://preview.redd.it/l7uqh6ds2gh81.jpg?width=350&format=pjpg&auto=webp&s=6fe2e844c4b679afe07ea3e4b8c744e9e17b7572) + +[Tricia Rothschild \(President\) at Apex Clearing at the time this FINRA document was produced but is not currently president after serving only 1 year with Apex.](https://preview.redd.it/w2fpn6ds2gh81.jpg?width=840&format=pjpg&auto=webp&s=0cf8e659fcab54ae23adbc9933ff80df9602bbd8) + +[David 'Terry' Ray \(COO\) at Apex Clearing](https://preview.redd.it/aikblnw56gh81.jpg?width=231&format=pjpg&auto=webp&s=1baf03248cbf1a739abc877afd56ac6883b34ad9) + +[Andrew Tourney \(CCO\) at Apex Clearing \(& CCO at PEAK6\) - Note PEAK6 and APEX are basically the same thing \(PEAK6 owns controlling share of APEX and many senior criminals are on both boards\).](https://preview.redd.it/wr74xc5f4gh81.jpg?width=337&format=pjpg&auto=webp&s=18becd8d74cdd2123f296b60dadf7f9785aa9680) + +&#x200B; + +Sidenote, **Andrew Tourney used to work at FINRA:** + +[FINA for 8 years 2004-2012](https://preview.redd.it/02ifochn4gh81.png?width=1222&format=png&auto=webp&s=789b72b619c3e0ce1ca3fd626400f9a7c9f7f3e4) + +*How exactly he's amassed more than 17years experience as a pre-pubescent looking teenager, I do not know, also relax with the trim bro, looking like a school shooter up in ya dad's suit.* + +The point of this post is to ensure that these assholes remain in our eyeline as they are clearly more interwoven in the biggest financial fraud in history than we have realised. I can't be the only one who thinks we've not shone our banana torch on them enough. + +[\*inserts banana torch\*](https://preview.redd.it/akl2nr2k9gh81.jpg?width=500&format=pjpg&auto=webp&s=3669902b416f0dc99c9f089f1eef6f610914f8ed) + +The same goes for FINRA, we've been giving shit to the SEC (rightly in my view at least until some recent events which make GG look more trustworthy) but we haven't given anywhere near the same heat to FINRA. + +&#x200B; + +Which brings me back to: + +**"WITHOUT ADMITTING OR DENYING GUILT"...** + +These 5 words are everywhere, littered throughout the 'Allegations' section of these documents, not just for APEX but for CITADEL and VIRTU and every other corrupt institution that FINRA are supposed to regulate. + +If they never have to admit wrong-doing they will never learn, if they don't admit liability we cannot prove that there is a pattern when it happens again and thus they have an infinite anti-punishment glitch. + +We need to be pushing hard for fines that mean something (200%+ on the spot, not 0.00000001% 5 years later) and no more avoiding guilt or liability - **if they pay the fine they did something wrong**, **so they should run the risk of being crushed by the law or not be in business in the first place**. + +Seems simple enough to me. +I'm a frontend developer, so my main programming language is JavaScript, I've been following and reading about the stock market and algorithmic trading for a long time and recently decided that I should give it a try, and this is how I'm planning to learn. + +1- invest a little bit of money into the stock market manually, mainly to understand it better and learn. + +2- using IEX cloud for historical and live data and IB for executing transactions start backtesting and developing basic algorithms in javascript + +3- when I have a better idea of what I'm doing and I start to feel limited by JavaScript performance transition into python or an all in one platform like QuantConnect + +So the idea is rather than learning python, trading and algorithmic trading all at once to learn each one then move further. + +But with my very limited knowledge, I'm not sure if that would work or whether it's a good way to move forward, therefore I wanted to ask for guidance here. +Think you are FI and will never go back into the corporate rat race? Think again! Getting back in after a long period out of paid traditional work will make you stale and not marketable! + +Back when I was working full time I worked in Human Resources and spent about 40% of my day in recruitment, selection, and placement. I worked with countless hiring managers to help fill a number of clerical, technical, blue-collar and white-collar professional jobs in Finance, Accounting and STEM areas. + +On a somewhat regular basis, we had male job applicants who were out of the job market for 1-5 years. I called them for a phone screen and they told me they left the corporate world to travel the world and retire early. But for a number of reasons they decided to get back into the corporate rat race after a long time out of the workforce. + +I wanted to give them the matter of the doubt and found many of their stories and background to be very interesting. But almost without exception, the hiring managers did not want to touch any applicant who had not been in the workforce for over a year. They were seen as stale, lazy, eccentric and unusual. I kept pushing for the hiring manager to be more flexible but usually got nowhere. The only time these workers had any luck is in a career field with a shortage of qualified workers. + +This experience told me that unless you are special, if you leave the workplace for over a year, expect a long hard search if you attempt to get back in. +How does printing more money impact the average person? As far as I understand it may increase inflation, and I assume this will encourage spending as holding money will decrease its value. + +Is this opposed to introducing negative interest rates? Is it intended to encourage spending at banking, commercial level rather than the population at large? + +https://news.sky.com/story/bank-of-england-expected-to-launch-100bn-of-qe-as-lockdown-2-0-begins-12124074 +October 1st Update, will be updating in a new post when I receive the transcripts.. +CALL YOUR BROKER, BE POLITE, BUT PUSH THEM TO GET YOUR TRANSFER GOING. +People in this comment section were right about being pushy. +I WAS NOTIFIED THIS MORNING (When I Called) THAT MY TRANSFER BEGAN SHORTLY AFTER YESTERDAYS PHONE CALL WITH THE MANAGER, although it was Initiated on the 20th(so there is truth to what he said, he just got the ball rolling faster). +Sidenote: There are specific words that are not to be interchangeable, such as initiate and begin transfer. +Anyway, The TD (Canadian) Direct Investor division gave great input as to what is going on, and in a Tl;Dr they said they're working while waiting on DTC to hurry up. I was told 10-15 working days from the 20th as a final absolute time frame. This means, if my shares are not DRS to CS by October 11, all formal evidence will be brought to Canadian Securities Administration for them to determine whether or not I have a case on my hands. +Judging by the conversation had this morning (22 minutes), I feel competent in that my shares will be direct registered to CS, that there is a team working at TD to get this done ASAP, and that Canadian Apes with TD will be okay. Just make sure to grab your receipts and have receipts of a phone call (any method of communication) with them initiating this. +^ Seriously do this, provide yourself with proof of transactions just in case. + +I asked - Has the transfer process been started yet? Can i receive a transcript of this conversation and that of the manager i spoke with yesterday? Can i receive the CUSIP # for all shares in my investing account? Can you provide me with information regarding Cost Base Adjustments? (YES YOU CAN APPLY FOR COST BASE ADJUSTMENTS IF SOMETHING LOOKS OFF) I asked a few more but i need the transcript to be certain. + +Canadian Apes, TD Waterhouse (Direct Investing now) does not abide by the same rules as TD Ameritrade. I have as close as I can to confirmation that GME shares are restricted from being lent out by Canada TD Direct Investing. Also, that there is an inventory of lent out shares that Licensed traders can see. + +I asked: "since there is an inventory, you are technically watching lent out shares be depleted from the inventory correct?" +Him: "Yes, and American TD will shut off all lending, when the inventory runs low, to a point of inflection." +Me: "can you disclose the inventory from beginning of CS transfers to now? +Him: "Sorry sir, unfortunately we cannot disclose this information, but it will run out eventually due to Direct Registry" +Me: "Technically then, being the big institution you guys are, it's likely you can calculate, on average, the time frame left for those shares in inventory before they're depleted, which means the time frame that keeps being mentioned, roughly equates to when those shares will no longer be able to be lent out, as the float will be locked up in Direct registry, correct?" +Him: "that is correct.." + +So yes, that average 3 week timeframe that we keep hearing, brings us roughly to October 18. They know how to calculate how many short shares will roughly be left in inventory before American institutions have to stop lending completely and begin buying back. + +Reminder this is for TD ONLY, I wonder what other institutions are doing? + +Edit: Shit, I'm hoping someone saved the rest of my post from yesterday, looks like I accidentally fat finger deleted it. +Bought a macbook on ebay on the 15th of June for Ā£1600, it got "dispatched" the same day, without a tracking number. Got a notification that the seller's account has been suspended for suspicious activity. + +I called eBay and their agent filed a refund request, but had to wait 3 business days. In the meantime the seller actually recovered their account. + +3 business days later eBay stepped in and made a decision to refund me in 3-5 business days. Later that day, the seller uploaded a tracking code and sent me a package that turned out to be a handwritten envelope with a homemade "invoice" that I paid for the item and it will be dispatched in 21 business days. + +Next day, since the package was delivered, the refund was overruled. I contacted them immediately and they opened a return case instead. They made me sign an official declaration that I didn't receive the item in the package. + +A day later, my account is suspended for abusing the buyer protection policy, and they reassured me the ban is permanent and won't be getting a refund. + + +Here I am, with a piece of paper for Ā£1600. A laptop wouldn't even fit. Royal Mail has the tracking code on the envelope, with the weight of 0.012kg and everything. Didn't have to sign for it just came through the letterbox. + + +I paid with a credit card. + +What are my options? +I know many of us here are confused by the apparent disconnect between the market and real boots on the ground economy. A report just came out showing over 20.5 million Americans lost their jobs in April. We're now at a a top level unemployment rate of 14.7%. The Dow is up over 350 points as I type this. + +What CNBC and other media outlets won't tell you in their hacky "[Why the stock market is up even with historic job losses](https://www.cnbc.com/2020/05/08/why-the-market-is-up-even-with-historic-job-losses.html)" articles, is that quite a few public companies can weather the storm, while many main street businesses will close permanently. In other words, large corporations are essentially "buying out" these small businesses in the long run. Throw in automation and an increasingly specialized workforce, and we are witnessing the acceleration of the 4th industrial revolution, which ultimately benefits Wall Street. + +While everyone's distracted with bitter partisan politics, global mortality leaderboards and the usual nonsense in popular media, the largest wealth exchange in history is going completely unnoticed right under our noses. I don't think many of us plebs can appreciate the magnitude of what's going on. If I was a conspiracy theorist, which I most definitely am not, I would say they couldn't have dreamt up a more perfect scenario for the wholesale theft of main street businesses. + +I don't have time to get into the numbers, but that's the gist of it. The smart money knows this. While we may see more dips in the coming months, you can be sure the corporate titans will come out on top as they always do. +Dear reddit, + +We beseech you. We come to you from that subreddit youā€™ve heard about, but donā€™t really understand it, so Iā€™m going to try and break it down for you. We are the "apes" from r/Superstonk and we are battling the corruption of Wall Street with a very simple trick. Iā€™m sure many have heard about GameStopā€™s stock soaring in January 2021, but did you know that the story isnā€™t over? Iā€™m sure many of you are wondering what all the fuss has been about, so Iā€™m going to lay it all out for you as concisely as possible. In this write up, I will cover who we are, what happened with GameStop in January 2021, what is still going on with GameStop, what is GameStop doing as a company, and how we are bringing down the corruption of Wall Street. So sit back, and get ready, because you are about to hear the truth of the matter (not the ā€œstoryā€ from the media). + +First, who are we? We are a group of about 165,000 individuals who figured out the corruption on Wall Street, figured out how to beat them at their own game, and are on the verge of finally exposing the corruption and taking them down. We have all kinds of people; some crazy ones, some funny ones, and if you look at our sub now and then it all seems like a bunch of craziness. We are all quirky in a way to try and keep morale high while we continue on our endeavor to expose criminals and make them pay. The culture is about memes, laughs, and sometimes inside jokes, but I assure we all have the same goal. Our culture may seem odd, but our researchers and our partners (some who are experts in their field) have helped us understand the inter-workings of Wall Street, and now itā€™s time that their game stops (pun intended). + +So letā€™s get to the real reason we are here in r/superstonk. What happened to GameStopā€™s stock in January 2021? Iā€™m going to use the best analogy I have heard thus far: do you know how airlines sometimes over sell tickets of a flight, and then they have to start offering a large dollar amount for someoneā€™s ticket so the airline can buy it back and the person takes a later flight? That is what happened and is happening with GameStop in January 2021 and now. In January 2021, a report was released by FINRA that showed the amount of short interest in GameStopā€™s stock was 140%. + +&#x200B; + +https://preview.redd.it/z7nzux0iql891.png?width=945&format=png&auto=webp&s=b884ebf7ab31855b1ecc2e93b8548eb99bdf3cb0 + +Letā€™s pause here and learn a little. What is a short (or short interest)? A short is the term used when someone borrows a stock and sells it in the hope of its price decreasing. For instance, If I want to short the stock from company ABC, I will ā€œborrowā€ the stock from someone who owns it and I will sell it to someone else. If I sell it for $10, and the price goes down and I buy it back later for $6, then I made $4. If I did this with a million shares, you can see how this can very profitable. Now, short interest is the number of shares of stock that are shorted at a given time. GameStop has a float (shares available to public) in the amount of about 63M shares. The short interest was 140%, meaning 88M shares were shorted, which is basically impossible without illegal activity. People found this out in December 2020 and January 2021 causing people to buy into the stock, creating a ā€œshort squeezeā€, and causing the price to soar. Many brokers turned off the buy button when the price of the stock became ā€œtoo volatileā€. When they turned off the buy button, it killed demand causing the price to plummet back to $40. Later, it was revealed that the true short interest in GameStop was 226% (or about 142M shares). + +&#x200B; + +https://preview.redd.it/fewq2nmjql891.png?width=975&format=png&auto=webp&s=d9241dfc967b0d1696d8f05e94e943feb8ca9561 + +That leads us to now, so next questionā€¦ What is still going on with GameStop? Everything from last year became the impetus for the forming of r/superstonk. We are investors invested in GameStop, and we know that the shorts never closed their position and are still on the hook to buy back all those shares from us. We have discovered manipulation in all kinds of forms, and Wall Street is using every tactic that they have to keep the price from skyrocketing again. However, they are running out of time. Through our incredible research and crowd-sourced due diligence, we have concluded with all mathematical certainty, that we are still correct, and the shorts never covered their position. Again, they never ā€œcoveredā€ their position. They ā€œclosedā€ their position, and they did so by buying a financial instrument known as a swap. The swap(s) is/are used to hide the short positions so the shorts donā€™t have to be reported. + +So what is GameStop doing as a company? GameStop was always the go-to place for midnight releases of video games. As time has gone on and technology improved, a lot of games are now fully digital, which has hurt GameStopā€™s growth and revenue stream. However, they are about to change that and the future as we know it. Ryan Cohen, the billionaire who created Chewy, made an investment into GameStop in mid 2020, revamped the board of directors at GameStop, and has been installing over 100 C-suite level employees from the likes of Google, Facebook, Amazon, Chewy, etc. (See DRSGME.org for more info). We know now what they have been building and how they are positioning themselves to be the front-running technology company of the future. They are building an NFT marketplace that is built on blockchain technology, which is revolutionary. Whatā€™s an NFT marketplace? An NFT is like a digital fingerprint. Letā€™s say you buy a movie on Hulu or Netflix or Amazon. You can watch that movie on those apps, but you donā€™t really own the rights to the movie so you canā€™t watch it anywhere. Thatā€™s what an NFT changes. It attaches a digital fingerprint to the movie showing true ownership, so you can watch the movie anywhere you go. Now imaging doing that in games. Have you ever purchased something in a video game? That purchase may help you go further in a game or have a fancy character, but thatā€™s it. Well what if you got tired of the game in the future and you could sell that fancy character? What if you attached NFT to online card playing games like Pokemon, Magic the Gathering, Yu Gi Ohā€¦. And each card with an NFT would show your ownership and you could have the ability to sell it online? See how revolutionary this can be. Weā€™re talking music, movies, books, gaming, concert ticketsā€¦ you name it. All of it will be yours and you will now truly own your digital items. Thatā€™s what is going on, and that is what is about to launch in July. + +So how are we bringing down the corruption of Wall Street? Wall Street is running out of time and I will do my best to explain how. We (apes) are all individual investors that discovered we can take shares away from Wall Street, so they canā€™t manipulate the stockā€™s price anymore or as much as they did in the past. Did you know that when you buy a share through a broker like Fidelity, E-Trade, Charles Schwab, etc. that you donā€™t actually own the share? You only are given an IOU from the broker and they will show they owe you a share of stock and that stock is now in your ledger and on your monthly statements, but the shares arenā€™t really owned by you. Did you know that? Neither did we 17 months ago. Now we know, and we are all on a long journey to truly own our own shares. We are doing that by Direct Registering Shares (or DRS) into our names, individually. We are using a company known as ComputerShare to do this, as they are the registered agent for GameStop. Every time we DRS a share, a share is taken out of the ā€œfree marketā€ and put into our names, so it canā€™t be traded on the public exchange. Once we have DRSed all of the shares of GameStop, we will be able to prove without a shadow of a doubt that the stock market is rigged. + +Currently, we have registered approximately 15M of the available 63M shares. Every week that goes by, we try to buy a few more shares and DRS them, slowly taking away Wall Streets ability to continue their corruption. GameStop has even included the number of shares directly registered in their 10-Q (quarterly report), and you can go find it there (the number on the clip below is as of April 30th). + +&#x200B; + +https://preview.redd.it/4r718sqkql891.png?width=975&format=png&auto=webp&s=853956ba7b35329472c429386cee4b4ee7973cc5 + +Anyways, if you have always been curious about the real storyā€¦ now you know. If you would like to join the fight to bring down Wall Street, or if you would just like to invest in a revolutionary technology company that is about to truly revolutionize the digital world than please do so by buying shares of GameStop and DRSing them with ComputerShare. We are here to answer questions, we are here to be helpfulā€¦ sure, we can be a little nutty sometimes, but our hearts are pure, and we want to bring down Wall Street and change the world for the better. + +Power to the People + +Power to the Players +As the title says is anyone considering it at the moment? Like many others i spent my 20's living out of home, having the independence and living my life. And i'm sure like many others i was pissing away my pay month to month barely able to save anything. Only until this year at the ripe age of 29 i've decided to finally get my finances in order. I'm on 86.7K a year and even with cutting back on everything i possibly can i can only save about $3350 a month. + +The big elephant in the room is the rent. Currently sharing a 4 bedroom house with 1 other roommate. We have a bedroom and office each. But there is so much space here we are not utilizing. Our rent is combined $680 ($340 ea) a week and i'm absolutely certain this will go up in the coming months. If i were to cut the rent out of the equation and all the other bills i have i'd be able to save over $5000 per month on my salary. That would give me 60K in a year and 120K in 2 years... + +Honestly the idea of moving back home is looking super tempting right now. Has anyone else decided to leave renting and move back in with their parents to knuckle down and save? Or did you decide to keep roughing it out and save while renting? For what its worth my job is WFH so i have no commute to worry about and my parents live not far from where i am now. + +I feel like with the way the economy is turning it feels like a smarter move to just bite the bullet, swallow the pride and go live with mum and dad for a year while saving every cent to get out and own a property. + +EDIT: As many have asked. Yes i will be paying rent/board. But in the realm of $50 - $100 a week. No free rides here! Figured it goes without saying but yes obviously i will be helping out a lot around the house where possible as well. + +Further EDIT: The relationship i have with my family is quite good. For what its worth they have been begging for me to come back and save. I know i'm very fortunate for this and its a very good situation all round. +Should I close a position or trim from each of them? I feel like I could close ARKK since it's just the top stocks from the other etfs? + +The only two I'm dead set on holding are ARKF and ARKG, but ARKQ seems a pretty decent performer--all things considered. + +So, what do you guys think? Trim or close and, if close, which ones would you close? + +**EDIT: Appreciate the help! In case anyone else is in a similar situation, what I'm doing on Monday is closing ARKK and ARKW positions (way too much TSLA as others have stated. I'm keeping G (I feel most strongly and least knowledgeable about that area), Q (I closed my google position and still want that exposure), and F (I feel quite strongly about this one and have no other forms of decent exposure to paypal, square, etc.).** + +**tl:dr: selling K and W; keeping Q, F, and G.** + +**UPDATE: I closed K, W, and Q positions before the plummet today. Some loss, but worth it to drop those bags.** + [https://globalnews.ca/news/5764034/justin-trudeau-snc-lavalin-broke-ethics-rules/?utm\_source=notification/](https://globalnews.ca/news/5764034/justin-trudeau-snc-lavalin-broke-ethics-rules/?utm_source=notification/) + +SNC going lower and lower +Succession on HBO is my favorite TV show of 2019. In one of the later episodes, there is this exchange: + +Greg: I'm good, anyway, cuz, uh, my, so, I was just talkin' to my mom, and she said, apparently, he'll leave me five million anyway, so I'm golden, baby. +Connor: **You can't do anything with five, Greg. Five's a nightmare.** +Greg: Is it? +Connor: Oh, yeah. Can't retire. Not worth it to work. Oh, yes, five will drive you un poco loco, my fine feathered friend. +Tom: The poorest rich person in America. The world's tallest dwarf. +Connor: The weakest strong man at the circus. + +==== + +I think it's funny because for most people, $5M represents almost unimaginable wealth. But for the uber wealthy like the protagonists in the show, it's a nightmare. It's all relative. + +&#x200B; + +What do you think? Is five a nightmare? + +&#x200B; + +ps: any Succession fans in here? +Hi all, + +I wanted to pose an idea and open a discussion to the group. I am a younger investor with a long time horizon (30+ years). + +Iā€™ve been investing for a little while now, but mostly heavy in tech and index funds. + +My specific question: What are the benefits of investing in dividend stocks rather than dumping your money into SPY, or QQQ (SPY & NASDAQ index fund equivalent)? Both of these indexes are quite diversified across all the companies they are comprised of. Granted, they are both focused on tech but will automatically weed out any poor companies over time. + +When I compare the historical returns of SPY against T, SPHD, O, or even VYM for example, they arenā€™t even close. SPY has outperformed both of these stocks significantly. + +I am not hating on dividends... Iā€™m trying to educate myself as an investor to understand why they are so popular, and if I should invest in them myself. + +Please note that my question is tailored to folks who have a longer time horizon, not people who are near retirement and need a more steady income stream. + +Thanks! +I have created an onlyfans for the sole purpose of investing all of the money I earn. Iā€™m earning about $500 a month (not great I know) and I want to invest all of it (after tax) into an index fund, every single month. +Is this a good idea? + +I have a normal job that pays my bills, but I canā€™t afford to invest, so I made the onlyfans. +/u/bosshax here! + +You may have enjoyed some of my recent DD's building a case for the Loopring + GameStop relationship, and I think there is a lot more to come (doubly so since we have *not* even seen an official GameStop announcement yet). + +Some of my recent DD's: + +1) [Loopring Technology Ltd is NOT a Chinese Company (6 days ago)](https://www.reddit.com/r/Superstonk/comments/tgdxxz/loopring_technology_ltd_is_not_a_chinese_company/) +2) [(GME Theory Update) - Gamestop Entertainment LLC Merger with Loopring and Spin Off from GameStop Corp (13 days ](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/)[ago)](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/) +3) [GameStop Artist (Pope) Creator Minted on Loopring](https://www.reddit.com/r/Superstonk/comments/tb4aer/gamestop_artist_pope_creator_minted_on_loopring/) (13 days ago) + +4) [GameStop + Loopring = Tokenized Peer to Peer Stock Exchange](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) (18 days ago) + +5) [(Theory) GameStop Will Acquire Loopring (2 Months ago)](https://www.reddit.com/r/Superstonk/comments/skn5mn/theory_gamestop_will_acquire_loopring_they_will/) + +I would like to remind everyone that ***alpha*** is all about connecting dots of imperfect information and intelligent speculation. If you are able to see the vision, you can be ahead of the game. If you're waiting for official announcements to spell things out for you - you will always miss the boat. + +I've been researching GameStop for 15 months trying to figure out their transformation plans, the business strategy and direction. We saw hints they wanted to participate in Web3 but only in October, with the Loopring leaks, did a vision begin to materialize. + +Now that we know GameStop's NFT Marketplace is built using Loopring Protocol: + +https://preview.redd.it/0hwnwow237p81.png?width=1170&format=png&auto=webp&s=ffc255c3bb271cc18adf5a75c7a4572809a3e7bb + +This means GameStop NFT Marketplace is using the Loopring Relayer and Loopring DEX. + +The Loopring Protocol allows you to create your own peer to peer decentralized finance **products.** Using Loopring you could create your own relayer, your own DEX, your own wallet, and other things. + +&#x200B; + +https://preview.redd.it/t13ohtjx27p81.png?width=1418&format=png&auto=webp&s=d631e197327831bf34f7ae9cca2e5f1f0164b418 + +Daniel is a bit infamous for his pre-mature tweets, but looking back they were all essential and critical pieces of the puzzle. Note above the emphasis on 'products'. + +GameStops 1st Product is the NFT Marketplace. + +**Gamestops 2nd Product... also using Loopring... is the GameStop Wallet.** + +Daniel later deleted this tweet: it's quite clear that GameStop wants to be the one to announce GameStop products and does not want Loopring to jump the gun, although they really can't help it. + +https://preview.redd.it/rh2ajixl27p81.png?width=986&format=png&auto=webp&s=601d4c76110012ae89bccfe906119d9f96de84bb + +https://preview.redd.it/f44mdf1t27p81.png?width=1451&format=png&auto=webp&s=d138b1f606fbd6aee80c0b20088e55a63d829587 + +&#x200B; + +https://preview.redd.it/t2zqhwws37p81.png?width=550&format=png&auto=webp&s=ac6e64a2fde6650d33ff54b0891e4db5d5dba800 + +Adam from Loopring's original launch medium article had a very important section that was later edited and deleted: + +&#x200B; + +[https:\/\/medium.loopring.io\/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937](https://preview.redd.it/dsqry5uw47p81.png?width=273&format=png&auto=webp&s=1ee518c6a8c5cfb15b770f93eb52fb946f443412) + +It's obvious GameStop **does not** want their BIG strategy revealed, but that's it right there... GameStop is going into GLOBAL DIGITAL ECONOMIES. Their launch of an NFT Marketplace is just the first step in a long roadmap of exciting and innovative web3 products. + +Let's take a cruise back in time to the ComputerShare and Overstock AMA: + +[Computershare AMA (Part 2) - OverStock Dividend Distribution](https://youtu.be/bo427AW0anw?t=1303) + +Relevant transcript: + +https://preview.redd.it/4mv6gmtp57p81.png?width=887&format=png&auto=webp&s=542f6e0403f3c2c19edd8d5a8865dbe005e70e97 + +ComputerShare **ALREADY** has the ability to distribute a digital dividend directly to a companies wallet. + +On ComputerShare clients can set up their BANK or (I theorize) connect a crypto wallet, to receive their cash or crypto dividends directly from the COMPANY. + +&#x200B; + +https://preview.redd.it/k63u8j4r67p81.png?width=1773&format=png&auto=webp&s=58e7b69d0c1e9b1866fc57e6c2c641f2aecd85cd + +**Speculation and Further Thoughts** + +We already know Cede & Co with DTC can NOT issue or distribute crypto tokens, but ComputerShare CAN. + +Since we know GameStop wants to become **the destination for digital economies** it makes sense that they want to enable shareholders to receive **digital** **dividends**. This has already been done with tZero (it was in their business model) as it is in GameStops business model now getting involved in crypto. + +I theorize that GameStop wants to revolutionize markets and based on Ryan Cohens recent tweets about 'Shorts are dumb' it seems quite obvious he sees a systemic and illegal problem with the current securities market. + +Loopring Technology enable you to create your own distributed peer to peer non-custodian exchanges where ANYTHING can trade... NFTs, tokens, currencies, **securities**. + +https://preview.redd.it/px3uxd4i77p81.png?width=1449&format=png&auto=webp&s=9eaac4016666440a859390fcfa27fc4a320d2596 + +https://preview.redd.it/bcdm8rfg77p81.png?width=1462&format=png&auto=webp&s=4fba5675672ec0a6f56d4e4bab75a8faad949742 + +Why do you wonder GameStop has not yet revealed any kind of announcement about Loopring, even though we're seeing confirmation they are being used? Might it be that the forthcoming announcement is a lot bigger than a 'protocol partner'? Why might the founder of Loopring (Daniel Wang) 'retire' in January before seeing his protocol come to fame, scale and fruition? + +I theorize GameStop has acquired Loopring Technologies and together their subsidiary GameStop Entertainment is setting itself up to become a web3 powerhouse. I built a case in my other DDs about how this subsidiary could be spun-off in the future as it's own company (like Paypal & eBay) creating numerous shareholder value. + +However... what is also now possible with the GameStop wallet is that DRS Shareholders (of whom there are 125,000) will be able to connect their GameStop Wallet to Computershare AND receive some kind of crypto dividend. It would be absolutely ingenius for GameStop to issue a Loopring Token to all shareholders as the LRC token provides governance via a DAO. GameStop would be the first company to allow it's shareholders to have equity ownership in GameStop Corp while also having governance decisions in the underlying Loopring protocol via Dao. + +Byron confirmed today the Loopring DAO is still a go and obviously token holders benefit. + +https://preview.redd.it/ylvcgfrf87p81.png?width=1364&format=png&auto=webp&s=c130872d512b63f79d5e0e974567ab4dfbbb4e17 + +If you can't put it all together you have to realize that the GameStop Transformation is a masterful genius plan. GameStop is legitimately transforming their business while simultaneously building products that can potentially disrupt the entire legacy financial world. If indeed this is their goal, as I think it is, then they may opt to at some point issue a crypto token to DRS wallet enabled holders. I don't expect this necessarily soon but it is a real viable possibility. + +Remember the GameStop ATM Share offering included a clause that permitted them to withdraw from the DTC if the DTC could not properly distribute property to entitled shareholders... + +Referencing the famous [Glass Castle](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/) who made a compelling argument that if the Preferred Depositary can not properly issue property then GameStop may opt to issue it with a different mechanism. + +Credit to, u[/3for100Specials/](https://www.reddit.com/user/3for100Specials/) + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pki107\/the\_glass\_castle\_new\_game\/](https://preview.redd.it/ptvczifea7p81.png?width=811&format=png&auto=webp&s=c3e22720da7df94ea04370fa6f68177d2e07e34f) + +[https://news.gamestop.com/node/18961/html#toc](https://news.gamestop.com/node/18961/html#toc) + +**TLDR:** + +Loopring is the protocol that has been used to create the GameStop NFT Marketplace. This is only their first product, of many. + +Their second product, also built using Loopring Protocol, is the forthcoming GameStop Wallet. + +GameStop has BIG plans, and it doesn't end at NFT Marketplace. They want to become a monster player in the digital economy. + +Ryan Cohens recent tweets seem to suggest he's directly 'calling out' shorts for abusive and illegal practices which should be investigated. It seems likely he's motivated to 'address the problem'. One way GameStop can execute on that is by creating a new kind of securities exchange, this is theoretically possible with Loopring. (This would be a long term 'plan' as regulations will take a while. + +Loopring founders exit, and the lack of any GameStop announcements about Loopring, strongly suggest there is something else, something big, going on. I theorize this is a GameStop acquisition of Loopring Technology. + +Together the new super Web3 company, in the subsidiary GameStop Entertainment, with their second GameStop Product, the GameStop Wallet, could, as Overstock did, connect shareholders digital wallet on the transfer agent level to **directly receive** a **digital distribution**. + +This is all part of a very large, multi-year, strategy, and it's playing out before our eyes. Get jacked! + +but.... there is one thing that the GameStop wallet can do... that the tZero wallet never could... do you know what that is... it supports... NFTs... **NFT dividend is back on the menu.** +I would estimate that I made somewhere in the ballpark of $35000 last year from this job and my W-2 states that I made around $8000. Sometime in 2019 around May I stopped getting direct deposit and started getting hand written checks. This did set off some red flags but I was assured by my boss that everything was on the up and up. Now I see it was not. The issue of my boss pocketing the tax money aside what steps should I take to make sure that I am not going to get into trouble with the IRS? Can I be held liable for something like this? +My relative died, my dog died, I lost my wife, my wifeā€™s boyfriend told me Iā€™m ugly, I had a miscarriage, my kid punched me in the dick. Poor me, itā€™s all Kens fault. + +Look, maybe you had some bad shit happen, maybe youā€™re a trolling shill dickbag. Itā€™s hard to tell. EVERYONE HAS HAD A SHIT YEAR ITS FUCKNG COVID VERSION 34 STILL. Either way, shut the fuck up with this crybaby shit. This isnā€™t a Facebook grievance group. There are places you can vent about how shit your life might be right now, but not here. + +This is r/Superstonk where we discuss GME related DD and market conditions, situations, and related data. + +Edit: and memes, we need like a shit ton of epic memes + +I really am sorry if youā€™re down and out at the moment, but pull your fucking shit together because we ride at dawn bitches. + +šŸŸ£ MOAR PURPLE RINGS šŸŸ£ + +Edit: holy shit this got waaaay more attention than I thought it would. Thanks for the awards! And my first snek SssSSsssssss + +Mini edit: misspelling ā€œyourā€ sorry to the dude I triggered ā˜ ļø +This canā€™t be the first time someone has been annoyed with the excess ā€œI paid off my debtā€ posts. Especially if itā€™s a crazy amount of debt within a small time frame. Real poverty level living just DOES NOT make this type of thing possible. Get your own sub to celebrate being debt free. Good god +I've actually been interested in the stock market for a long period of time, I have experimented with online courses, books, etc. But I don't really understand which one of these are actually legit, because most of them work perfectly in theory but completely fall short when you actually apply them to the market. +So what have you guys learnt? I actually heard from someone that online courses and books are useless and the only way that you can trade well and profitability is to join a firm. But I find that hard to believe so please educate me on what I have to do i.e give me a nice framework. +I've been trading on sports markets for the past 7 years, and on more mature markets for over 4 years. Although my area is civil engineering I've been able to exclusively work and make a living off of trading for 5 years. + +Having said that, all along this years I've never been able to trade more than a few months without major errors due to overtrading or FOMO. This year I reached a new negative top in terms of number and magnitude of errors. There isn't a week on which I don't make a trade that is not on my plans and that doesn't fall outside the tested techniques. + +The worst thing is that I always thought of me as a disciplined person. I try to - and mostly can- restrict myself to eat well, sleep/rest as much as I need, work out 5/6 days a week, write daily on a journal. I've even started meditating this past year and use visualization at the start of the day. + +Can somebody help me with some recommendations (tips, books, etc)? All help will be much appreciated. +Hey, I am a teenager who is interested in trading. Mainly ethical trading, but I don't know if thats relevant to my question. Apps like robinhood seem nice because of their simplicity, but I noticed you have to be 18 to use them. So I guess my only option is a custodial account. + +I see sites/apps like Loved that seem nice, but also many other sites like Schab, Betterment and Tradestation. + +Does anyone have any advice on what I can do and what platform I should sign up for? +Hi everyone, + +I started investing since a year ago and I discovered this month the major ETF I've been investing in is closing down. + +The ETF is VANGUARD GLBLMINVO (IE00BYYR0C64Ā on EAM). + +I'm far from a knowledgeable person in this domain and I invested in this ETF mainly because: + +1. It was in the free selection of Degiro +2. It was from Vanguard +3. It's a WORLD ETF, and it's accumulating + +Now that I discovered this, I think the closing price is a bit lower than it was before the announcement, so I may have lost a bit there. + +But more importantly, I don't know what to do... I read online it should be sold and the money will be given back. However, I don't find any information about this specific ETF online or on Degiro. I'm quite surprise since it looks like a popular ETF and Degiro is also one of the leading platforms in Europe. + +Did I miss something? Everybody knew about it in advance? + +Please don't hesitate to share any information, I would greatly appreciate :-) + +PS: To the mods, I couldn't check the rules as requested because it's a moderator-only page, sorry! +Congratulations, you're an intelligent being with intuition! You have an innate capacity to notice out of the ordinary occurrences, including when something is phishy or scammy. + +* Seemingly too good to be true? +* Higher than reasonable wages offered? +* Mega-killer deals? +* Unexpected and out of character interest in you? + +Scam + +* "Can't talk on phone" for any reason? +* Shady/suspicious communication? +* Too much detail? + +Scam + +* Situation doesn't feel right (i.e. buying iTunes cards for the IRS)? +* Unexpected contact initialized by email/phone call? +* **Something nagging at you but can't tell what it is?** + +Scam. + +Point is, if you go with your gut, you're less likely to get scammed. On the off chance it's a legitimate opportunity, maybe you'll miss out on a one-off, but overall it's safer to promote a culture of caution. Especially if you aren't financially stable or sure of your financial trajectory + + +Edit: Obviously there are exceptions to the rule. It's not **always** a scam. Thanks, this post isn't to preach to the choir, but rather as a reminder/lesson to the 14 million some-odd people who browse this sub. Most of whom do so for legitimate financial-related advice. I just hope more people can keep this notion in mind so that when they're presented with a potential scam, they know instinctively how to act, as opposed to being carried about by every wind of *opportunity* +ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020. + +In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan. + +Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224 +Forecasts expected it to be 16% + +20.5 million Americans lost their jobs in April vs 22M expected + +Source: https://www.bls.gov/news.release/empsit.nr0.htm +hi all. + +i am having a bit of anxiety because my dads small life insurance was left to me. i want and need to make this money grow so i can take care of my mom and brother. + +we have total debt of 15K to credit cards and a car loan that has about 15k or less left on it. in a couple of days iā€™ll have 100k deposited into my account (tax free). iā€™m gonna open a savings and leave the money there until i figure something out. + +iā€™m afraid of messing up and losing it all. i donā€™t make much money so while this isnā€™t much money, it is a big opportunity to me. + +does anyone have any 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 been back at work since January, but my previous 3 payslips have all had the phrase 'furlough' pay on them, I'm still getting paid the same as when I was on furlough last year, even though I'm now back to working full time. + +I didn't do anything for the first couple of months because I was in a bad place mentally and anxiety wise due to lockdown, and was just trying to re-adjust being back at work and having a routine. +My Employer is a nice guy, and I don't think this is malicious, but I spoke to him last week and he stated that he was confused by my request, and that even though I've "been working, very hard it's a bit tough at the moment." + +I'm going to send an email so I can have this all in writing, but would anybody a bit more savvy be able to help clarify what the current furlough laws are, and the best approach to this? + +Thanks. +Don't be tempted to take out a mortgage with UBank to save a few dollars. I would pay thousand to avoid the heartache I've suffered. Recently I was locked out of my account. I've spent about 10 hours on the phone trying to find out why. Last night I discovered for myself. I have never dealt with a worse, more incompetent organisation. + +https://preview.redd.it/isc6pvxbpfa91.jpg?width=1418&format=pjpg&auto=webp&s=975f46b845bc54f93342b6585851de21805c3c60 +Everyone says have debt and equity in portfolio, and to increase debt's proportion as you grow older. + +If X in early 20s and earning well, and willing to invest purely to have a long term corpus, why should X invest in debt at all? Over the long term, an index fund will always beat a debt instrument. So going all out in equity will give X the best returns. Yes, risk is a factor, but X has a good job (and 6 month expenses in liquid). They aren't relying on their portfolio for living. Even if for 5 years the portfolio is in negative it has no effect in day-to-day life. Only goal is that on retiring the corpus should be maximised. + +What is the reasoning behind adding debt for long term? +Hint: He did this one time previously in 2013, what was the stock price the last time he did this, and what was it a few months later? +http://www.businessinsider.com/tesla-stock-elon-musk-short-sellers-tweet-2017-4 +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 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. +Yesterday I spent some time analyzing Nutrien (NTR). Nutrien is mainly a fertilizer company and the largest producer of potash in the world. My thesis was that long term, farmers need to become more efficient in order to keep up with the demand and to book a higher profit. And part of this process is represented by fertilizers. On top of that, there is a potash supply shortage caused by the Russian invasion of Ukraine, which dramatically increased the price of the commodity. I think that Nutrien is well positioned to capitalize on this rare opportunity. Also, the company buys back $4 billion worth of shares, or 10% of market cap, just this year. + +Through my research, I understood the business is cyclical and the stock price is mostly influenced by the underlying commodity's price. It was clear that the company is in or near the peak of the cycle. The fundamentals are ok, nothing to be excited about, nothing to turn you off. They also pay a healthy dividend, so I decided to take my chances on putting a value on the company and find a buy price. + +And like in every tragic testimonial, that was when my nightmare begun. I calculate the intrinsic value similar to Sven Carlin's approach, for those of you who follow him. The discount rate was not a problem, since I always use 12%, as my required return. Then, I didn't even know what figure of EPS to use as base/starting point. Were TTM earnings of $7.8 abnormal, inflated, generated by unusual market conditions? I thought so and used last year's earnings, $5.5. + +The I had all the following problems: + +\- what two-stage growth rates to use for this cyclical business; how can I predict the cycles for the next decade; company's history is short and didn't help. Tried to factor in the share buybacks, but didn't help much. + +\- what terminal multiple to use for that specific year when I'll sell my position; will it be a peak or a bottom of the cycle? in the last 4 years, P/E range was -64 to 288. Bummer. + +\- what payout ratio to use for dividends since that will be the only cash (besides buybacks) returned to me in the next decade; payout ranged from 26% to 224%. Excellent. + +As I got frustrated, I decided to stop my coin flip and put it in the "too hard" pile, at least for now. I understood that I have no business at valuing a cyclical of this sort and remembered the good old Buffetts and Lynchs of this planet that can't stress enough how crucial it is to know what you invest in. + +If it matters, I got an intrinsic value of around $60 and a buy price of around $50. But it doesn't help me at all, since I wouldn't be sure of buying it not even at $35. + +On to the next one. +Twilio is an API platform for communications. Their ecosystem allows companies to quickly deploy, measure and scale telecommunications through a programming interface. + +**First Considerations** + +Twilio is expected to continue growing at rates around 36% year over year for the forseable future according to management. Right now the company is losing money but growing rapidly. Some may say this is a growth stock, not a value stock. I would disagree, anything can be a value stock if its undervalued relative to its intrinsic value. Whether it has negative, zero or positive growth is inmaterial. + +**A story of Growth** + +Twilio has a history of underpromising and overdelivering. Right now they are expected to grow around 30% but during their first quarter of 2022, they actually grew 48% year over year. Organic revenue growth (before acquisitions) is up 35%. New revenues from existing costumers expanded by 27% year over year. This means their previously acquired customer base grew by 27%. This shows a high level of stickiness and their ability to increase LTV over time. + +Their gross margin is currently at around 50% but I expect that to increase to 60-65% as new products become a more important part of their portfolio. + +**Business Model** + +Twilio generally offers a pay per use model where they only charge the customer based on actual usage of products. This is very important since they are unlikely to oversell customers and cause possible churns in the future. + +There are high switching costs in changing providers and generally, for their customers quality and deliverability is extremely important. Twilio is also growing their product offering, going into more advanced products through acquisitions. Although it may seem they overpaid for several acquisitions, I believe they will produce much more value in the long term by leveraging Twilioā€™s client base and complementing their offering. In particular I believe Segment might become even bigger than Twilioā€™s core business. + +**Valuation** + +Currently the company is selling at $97 bucks per share. They are still printing shares at a rapid rate but slowing down. This has been taken into consideration in my valuation model, with the assumption that new share issues continue at a 6% and gradually slowing down to 2% yearly in 10 years. I believe they will start doing buybacks before the ten years with the excess cash but I am using a relatively conservative assumption and assuming the shares outstanding number will continue to expand. + +Right now they are losing 5.44 dollars per share, but with their current growth rates I believe it is at acceptable levels, more importantly, management has taken measures to reduce spend in particular in sales and marketing. This might have an impact on new customer acquisition but considering most of their growth comes from a high net dollar retention, I believe this slowdown will be mildly cushioned. + +In any case, Iā€™m assuming a 30% growth in revenues and then reducing growth rate on a straight line by 10% every year until year 10 to finish in 12%. I am also assuming expenses will continue to grow at rates of around 9% gradually slowing down to 4%. This last part might not be the case if management continue their cost control process. I believe the company will benefit from the general depreciation of the tech sector making them more disciplined. I believe they will come out of this stronger. + +I am also using a 6% discount rate and a 20x Terminal Earning Multiple. Considering revenue growth rates of 12% in year ten, this seems reasonable. + +With this I arrive at an intrinsic value of $255 dollars per share. Considering the current market price of $97, I believe its currently trading at bargain prices. + +**Advantageous Knowledge** + +I am a Twilio client in one of my business. I also know very closely two companies that are heavy Twilio users. Iā€™ve used the API myself as a developer. I honestly believe there is nothing close in terms of service, tooling and documentation quality in the market. As a developer Iā€™ve looked and used several alternatives. I cannot imagine the amount of effort it would entail for the businesses I know to replace Twilio or even if its entirely possible. Their current market offering is truly unique. + +**Why its undervalued** + +In addition the recent tech sector selloff, I believe many investors believe Twilio is in a commodity service business, and for a large portion, specially SMS they might be, but there are several differences in deliverability, and quality of service between providers. Is not easy to replicate a reliable network and an ecosystem of integrations. This is relatively hard to grasp for many investors and there is increased difficulty on putting a dollar value to the company. The final product is mostly an API and non customer facing. This might exacerbate mispricings. Nonetheless, I believe in the long term, cash flows will speak for themselves. + +I do not think we will get many opportunities to buy at current prices. + +**To the reader** + +Thanks for reading my analysis and I welcome your thoughtful criticism and opinions. +Who knows how to set up AN ASXbets ONLINE CALENDAR???????????????? + +People put in key upcoming events (e.g. results) and then people can get in on the šŸš€ a few days before the release. + +Mods help us out here! +**Hello all!** + +u/moeldevs posted compelling evidence to show hedge funds are paying people to post on reddit ā€“ [link](https://www.reddit.com/r/Superstonk/comments/pvbcdo/proof_hedge_funds_are_paying_shills_to_post_on/). So, naturally I went digging and found some interesting stuff. Buckle up! + +# **The Shill Post** + +- As u/moeldeys pointed out, this shill job posting is from a guy named *Doug Yauger* +- Doug Yauger is an Investment Advisor Representative with LPL Financial and a Registered Investment Advisor at [Sovereign Wealth Advisors website](https://sovereignwealthadvisors.com/our-team/doug-yauger/). +- In Sovereign Wealth Advisorsā€™s [CRS Form](https://reports.adviserinfo.sec.gov/crs/crs_188524.pdf), they state their ā€œadvisors are registered representatives of LPL Financial LLC (ā€œLPLā€), an SEC registered broker-dealer and investment adviser... who offer brokerage services through LPL or investment advisory services through Sovereign Wealth Advisors, LLC.ā€ +- So, LPL Financial LLC and Sovereign Wealth Advisors are one and the same. + +# **Who is LPL Financial LLC and what do they do?** + +- LPL Financial Holdings, Inc. [referred to as LPL Financial](https://en.wikipedia.org/wiki/LPL_Financial) is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory &amp;amp;amp; brokerage assets, and generated approximately $5.9 billion in annual revenue for the 2020 fiscal year. +- Hidden in their [financial disclosure section of their website](https://www.lpl.com/disclosures.html) lays their [SEC Disclosures](https://www.lpl.com/disclosures/sec-disclosures.html) +- This is where the good stuff is. +- In these documents, LPL Financial discloses their order flows, including their **Non-Directed Order Flow**! +- What is a **Non-Directed Order Flow** you ask? +- [Financial Dictionary](https://financial-dictionary.thefreedictionary.com/Non-Directed+Order) defines it as ā€œAn order to a broker to **buy or sell a security on the exchange of the brokerā€™s choice**. A client has the ability to tell the broker his/her preferred exchange for the execution of orders, which is called [Directed Order]( https://www.investopedia.com/terms/d/directedorder.asp). **A non-directed order, however, leaves this to the broker's discretion, with the assumption that the broker will offer or bid the exchange at the best price.ā€** +- So, who are LPL Financialā€™s brokers/venues? You guessed it, the dirty SHF ā€“ [link](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/rule-606-a-1-iv-disclosure.pdf) + - **Options Order flow:** Citadel Execution Services and Susquehanna Investment Group LLP + - **National Market System (NMS) Stock order flow:** Citadel Execution Services, FIS Global Vision Securities, GTS Securities LLC, G1 Execution Services LLC, Two Sigma Securities LLC, Virtu Americas LLC, UBS Securities LLC, FC Stone, Jane Street, Morgan Stanley, Mark J. Muller Equities. +- So, where do you think these non-directed orders are goingā€¦coughā€¦robbin da hoodā€¦cough dark poolā€¦ +- Thanks to DRS, weā€™re putting an end to this! +- But back to LPLā€™s dirty laundry...their data! + +# **LPL Financial LLC Order Flow Data** + +- LPL Financialā€™s Order flow data for [1st Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q1-2021-606a1-held-compliance-report.pdf) and [2nd Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q2-2021-606a1-held-compliance-report.pdf) of 2021. +- Iā€™ve taken the liberty to convert this to an [excel file](http://www.filedropper.com/lpl_1) for your convenience (because ape help ape), but also taken a [screenshot](https://imgur.com/a/naR1AgZ) for you smooth brains out there. +- Helpful order flow definitions: + - Direct and Non-directed order flow ā€“ see above + - **Market order:** An order that will immediately be executed at the best available price. When you place a market order, youā€™re looking to get your order filled immediately + - **[Marketable Limit Orders:](https://ibkr.info/node/194)** Marketable orders are either market, buy, or sell limit orders whose limit price is at, above, or below the current market price, respectively. **Marketable orders remove liquidity from the market.** In theory, these orders are instantly executable as there is a buyer/seller whoā€™s willing to make a trade at the current trading price. + - **Non-marketable orders:** Non-marketable orders are buy and sell limit orders in which the limit price is below and above the current market price, respectively. **Non-marketable orders add liquidity to the market.** +- Citadel, Virtu, UBS and G1 Execution dominate the majority of LPLā€™s order flow for all the S&amp;amp;P 500, Non-S&amp;amp;P 500 and Option trades. +- LPLā€™s **S&amp;amp;P 500 Non-directed order flow data** + - Citadel was the #1 venue for every month except for June (#2 broker) + - Citadel averaged **33%** for all their non-directed S&amp;amp;P 500 trades! +- LPLā€™s **Non-S&amp;amp;P 500 trade order flow data** + - G1 Execution and Citadel were #1 and #2 for every month of this year + - Citadel averaged **44%** of all their non-directed Non-S&amp;amp;P 500 trades! +- LPLā€™s **Option trade order flow data** + - Citadel and Susquehanna are the only two brokers trading LPLā€™s options + - Citadel averaged **83%** of all their non-directed Options trades! + +# LPLā€™s order flow through Citadel visualized for all order types + +- [S&amp;amp;P 500 order flow](https://imgur.com/a/Fpvd3tI) +- [Non S&amp;amp;P 500 order flow](https://imgur.com/a/Gi5Wt8E) +- [Options order flow](https://imgur.com/a/ramkFGx) +- What I find most fascinating is the gap between MARKETABLE and NON-MARKETABLE limit orders during January! +- For January and February, 75% and 65% of LPLā€™s Non-S&amp;amp;P 500 marketable limit orders were by Citadel. +- While we donā€™t know the volume, we can infer that relative to the other venues, Citadel was the main bottle neck for these perfectly executable orders. I wonder if Citadel removing the buy button on robbin da hood had anything thing to do with thisā€¦ + +# **TLDR** + +- The people hiring people to shill on reddit are SHFs. One of these folks, Doug Yauger, works for Sovereign Wealth Advisors who routes all their orders through and LPL Financial LLC. LPL Financialā€™s SEC 606 Rule Report discloses only a few hedge funds manage their entire order flows for stocks and options. Among these is Citadel, which accounts on average 33%, 44% and 83% of all their S&amp;amp;P 500, Non-S&amp;amp;P 500, and Options trade order flows. So, **SHF r fuk.** +- Of note, during the month of January, the marketable limit orders (i.e. trades that could be immediately traded) were grotesquely high at 75% and 65% for January and February for Non-S&amp;amp;P 500 stocks. This may suggest market manipulation by slowing trades and/or re-directing trades to different exchanges (potentially dark pools). This needs to be confirmed however. + +Buy, Hodl, DRS! + +Edit #1 - Formatting. + +Edit #2 - [u/LogicalFaith](https://www.reddit.com/r/Superstonk/comments/pvsbyp/shfs_hiring_shills_on_reddit_are_in_bed_with_lpl/hed5ssa/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf&amp;amp;context=3) highlights that the focus should be on LPLs order flow through Citadel and not one individual brokerage representative. Doug Yauger was just the individual who led me to this data on Order Flow. The order flow is the worthwhile DD. +#[Paper Trading Competition Winners Announced!](https://www.reddit.com/r/wallstreetbets/comments/mhyf1k/moderators_update_on_paper_trading_competition_3) +Two years ago I was 22 with no education, barely graduated HS and was working a shitty job making $7.25 an hour. I was browsing Reddit one day and came across this sub. I became obsessed. I saw the beauty of compounded interest and realized how it was feasible to retire early, but not by making 7.25 an hour. I was able to invest in myself and got lucky getting a job making $30 an hour. Wanted a degree in finance, so I joined the National Guard for free college and that's what I'm pursuing right now. Thank you all so much for the knowledge, you've had such a positive impact on my life. + +Edit: thank you so much for the gold! +This ( interview with Andrews Keys: Consensys and EEA) + +"Ant Financial, the subsidiary company of e-commerce giant Alibaba, is also utilizing the Ethereum protocol to develop various applications and platforms. Ant Financial is the company behind the $60 billion financial network Alipay, which is used by 450 million users in China. + +Keys noted: + +- ā€œThe services provided by Ant Financial and its affiliates cover payment, wealth management, credit reporting, private bank and cloud computing. Ant Financial is experimenting with Ethereum technology to improve their global payment platforms.ā€ + +The rapid rise in the demand toward Ethereum and the adoption of the Ethereum smart contract technology could allow China to become one of the larger Ethereum exchange markets in the world. + +- At the moment, South Korea is the largest Ethereum exchange market with over 40 percent of the global market share. If China continues to sustain such growth rate, it will see its Ethereum market outpace other regions. + +https://www.cryptocoinsnews.com/china-waking-ethereum/ +Shills' current strategy is to make fake Computershare posts to drive up our running counts of how many shares have been direct registered. Then, once those counts (inflated by shills) preemptively show that we have the float locked up, and nothing happens (because we don't have it locked up yet), then we'll get de-motivated and doubt whether or not the MOASS is going to happen at all. Once we're de-motivated, we'll start to sell, and they need us to sell BADLY. + +EVERY SHARE COUNTS. DIRECT REGISTER YOUR SHARES WITH COMPUTERSHARE (not financial advice). + +DON'T TRUST ANYONE WHO SAYS WE'VE ALREADY DIRECT REGISTERED THE FLOAT - WE WONT KNOW UNTIL GAMESTOP DOES A SHARE RECALL. + +BUY. HODL. DRS. This is a sure bet, don't let any shills lie to you saying "But look the float has been registered and nothing happened, I'm selling :(". Once we actually register the float (and this will take months), we will trigger the MOASS. Stay frosty. +I will get a tattoo of the internet's choosing on my thigh. I beg of you to be kind, I am a family man in warm weather. We wouldn't be where we are without shorts and u/ deepfuckingvalue's knowledge from the future (didn't want to ping, don't want to disturb a legend), and Cohen piloting the rocket. Let's keep this Gamestop/MOASS related. + +I am willing to proof or ban, as is tradition. But as a result we need to define some things. How will we know it has begun and it is not just another run-up? Either it spikes immediately, or it starts slowly and so perhaps after 30 days we can confirm it has begun by sustaining a price in excess of previous all time high. + +If top comment is in truly bad taste, with mods permission, I would like to retain the right to pass to second top comment but this is only reserved for truly heinous shit, I know what you sick fucks cheer. + +Ape be kind to ape, don't fuck me up lol, I'm taking a risk here and it's my first tattoo. I think it begins on the fifth of November and this is my bet. + +Fucking obviously I'm cognitively impaired so if you truly consider this financial advice, you likely have a difficult life ahead of you. + +šŸ’ŽšŸ‘ + +Edit: Also, as a result of the countless hours of reading other, much smarter people's research on Reddit and elsewhere, I've concluded that I really like the stock šŸ‘ and I like Computershare šŸ‘ DRS šŸ‘ +Still not financial advice. + +Edit again by popular demand: +https://www.reddit.com/r/Superstonk/comments/qh21n4/906030_was_a_great_way_to_predict_yesterdays/hia9hnh?utm_medium=android_app&utm_source=share&context=3 + +Some of the source of the hype. +A couple months my mortgage got moved to a new company. With the stock market in such bad shape I decided to pay down on my mortgage a few months in advance. With the thought that I am preventing some of the interest from incurring and if I needed the money for something I could just stop paying early till the bill caught up. + +The new mortgage company sent a letter however telling me that if I want to have the early money prevent interest I need to call them and say that it is going to the principal, separate from my monthly payment. If I do not call them they will treat it as just money they are holding on to for me until it's due. + +I am still pretty new to the mortgage thing, but this seems off to me. + +Update: +Thank you all for the information I have received. I now know that mortgages do not work like credit card payments, and that if I wanted to kill my interest i would have to apply it to the principal which would not count as a early monthly payment. + +Going forward I will instead look for some low risk investments to put my little extra savings into. +used to check in and read post for years on this sub but now everything is a daily thread. what is going on, no one wants that. just allow everyone to up or downvote posts on their own. +Today is the day that I have planned to wire funds to escrow so we can close by Friday. I am thinking scammers must have intercepted the email of someone involved in the transaction, as they sent the fake wiring instructions on the same day I planned to send the wire. Here is the email I sent to my agent. Remember, always call to verify wiring instructions before sending money to escrow. In this case they called me first, but if they didn't I would probably be out 130k. + + \------------------------------------------------------------------------------------------------------- + +Hi (realtor), + +Just wantedĀ to make you aware, this morning when I was on the phone with .... title to verify the wiring instructions, we realized that someone had sent fake wiring instructions that appeared to be from ... title to my email. I have been working with their IT team to identify the issue, but it appears that someone involvedĀ in our transaction has had their email compromised / hacked. What happened was this: + +Ā \- Someone claiming to be me, sent an email from ... (not my email address but looks similar) and requested wiring instructions + +\- (title company) then sent the wiring instructions to the fake email, and once the scammers received the wiring instructions they modified the account numbers, and removed the verbiage about calling to verify the numbers + +\- they then sent the fake/ modified wiring instructions from another fake email account, ...@....com (an email looks similar my escrow contact) to my email, in the hopes that I would transfer the funds into the fraudulent account. + +\- Luckily, we realized the numbers were incorrect when they called me this morning. They sent the correct wiring instructions and I verified the numbers + +\- I will be making the wire transfer at noon today to the correct account + +I would recommend changing out any email passwords and possibly do a virus scan on your computer. I am going to do the same on my computer.Ā  + +Best Regards,... + +\--------------------------------------------------------------------------------------------------------------------- +I think I have a problem. Perhaps an echo chamber will solve it! + +None of this r/frugal canned beans BS - post your salary and your shocking takeaway/eat-out figures for my mental health pls. +I often have shifts with a lot of downtime that allows me to use my laptop. I was wondering if anyone had any practical ideas for things I could do online during this downtime to make some extra money? +I had a fingerprint login issue on kite app so I sent an email to let them know about the bug. It was not a major issue for me just wanted to let them know, zerodha created a complaint ticket for it and a representative called me next morning and asked for remote access of my phone to solve the issue. I respectfully declined and told him to close the ticket. +Gamestop did a massive app update, changing the functionality entirely and allowing new segments to be seamlessly added when the time is ready (NFT Market mon cherie?). Most other organizations, when taking on something like this, would announce it at least a little to provide some hype for themselves and generate downloads upon release. Nothing grand, maybe a banner on the main page that says "Hey, Listen! A new app is coming for you!" But Gamestop said nothing. Instead they worked behind the scenes, based on our feedback and their industry experience, to design and release a product for us that, going by initial reviews, seems to delight. Who knows how long they delayed the release internally, how long they tested and what issues they encountered. We will never know, because they don't hype, they wait until something is perfect and then it drops. + +So you see, I don't care if RC stays silent, in fact I prefer it. I don't care if we don't get any updates of official announcements on something UNRELEASED, because even the smoothest of us can understand from behind the scenes (job postings, marketplace applications) that THIS IS HAPPENING. I don't care about timelines & have no expectations on when things will release or moon. And I most DEFININTELY do not care about the price. + +Beware the fury of a patient man. +Just see so many saps sending this kind of crap across promising they will made x amount over night etc you would have to be a dip shit with two brain cells to fall for this crap seriously seems like every other Instagram account is a forex day trader weekend millionaire. +Odd title, and I'm not sure if this makes sense, but I realized I hit a major psychological milestone today. I'm 27, and have $125k in my roth retirement accounts. Even if I never contributed another dollar (I will!) I could keep the money in there until I'm 60 and, assuming 7% growth, would have over a million dollars to retire with. At a 4% SWR I'd be withdrawing more than my currently yearly expenses. + +My goal isn't to retire at 60, and this doesn't factor in social security, but it's a huge relief to know at a minimum I should be able to retire at a "normal" age and not have to worry about retirement the way my parents do. I have the security to take a lower paying job in the future if I want, because I won't have to "catch up" just so I'm not required to work in my old age. + +It's not the numbers some people are posting here, and I have a good job (military) that doesn't bring in the money some other posters do, but large savings are possible. I just wanted to share my milestone with people who may appreciate it, because I'm sure it would bring me some dirty looks from people at work who don't save as diligently. + +EDIT: There's been a lot of comments about inflation. This is normalized in 2020 dollars. 10% historical equities growth minus 3% historical average inflation equals 7% real growth yearly. Of course it could be higher or lower, but with such a long time horizon using the averages makes sense. +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/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +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) +***"Youā€™re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom."*** \- Naval Ravikant + +&#x200B; + +I see a lot of discussions on this sub about which career path offers the surest (ie least risky) path to achieving fatFIRE. Law? Finance? Medicine? The reality is that the path to true fatFIRE depends less on your career choice than it does on your appetite for risk. It certainly holds true for me personally as I just hit my own fatFIRE number, not by pursuing any one of those careers, but rather by launching, growing and later selling a business. It was a somewhat risky move and the investment was considerable, but I could not have achieved it without taking the risk. + +So, I am curious. What risks did you take to achieve fatFIRE (or get on the path)? Did you leave a safe corporate gig to start your own thing? Did you invest in a startup? What stakes did you put in play to achieve your goal? +For background I am a finance major that is wanting to break through into investment banking. I know what data is important and what to look for but I feel like the stock market has become so volatile itā€™s harder to predict now. Iā€™m struggling with how to read charts and the patterns that go with them. Iā€™ve tried watching YouTube videos but theyā€™re boring, I have adhd so I lose concentration really fast. Any good recommendations for entertaining investment videos or articles? I really want to start putting my calculus skills to use as well. Is there some sort of trading algorithm I could use to invest? Iā€™ve heard of people making their own algorithm but what platform do you use to trade? Any information is greatly appreciated and I am just starting my core finance classes so Iā€™m not that much of an expert. +Is it just me, or has the amount of ā€˜Finfluencersā€™ online reached a stage 5 level of cringe. Between YouTube, Instagram and now tik-tok, itā€™s like an army of ā€˜content creatorsā€™ posting pastel pie charts. Itā€™s all the same stuff too. The same budgeting tips and investment ā€˜advice.ā€™ Clearly this stuff is financial advice as they are pushing specific products but somehow think if they say ā€œthis is not financial adviceā€ they are absolved. Also posting their ā€˜net worthsā€™ as click bait, to highlight their ā€˜investing journeys.ā€™ When all they are actually doing is trying to push affiliate links, or selling excel spreadsheets with budgeting formulas. Some are even trying to sell merchandise. Donā€™t even get me started on the YouTube crew with their silly facial expression thumbnails trying to copy Graham Stephen. They all post the same videos ā€œ3 ETFs to hold for lifeā€ ā€œPassive income ideasā€ ā€œhow to start a side hustle.ā€ I saw one guy on tik-tok explaining compound interest and using a 15% annual rate of return in his example and didnā€™t factor in inflation or tax impacts etc. I have always had the motto of taking advice from people who have done what you want to do. eg, I wouldnā€™t take weight loss advice from an obese person. A lot of these finfluencers have not achieved financial independence or retired early. They are just talking high level concepts and using it as a way to sell T-shirts. +I fucked up. + +I worked with a university for 2 years, and converted to a full time student for my last year so i could do an internship. Turns out I had accrued over 12,000 dollars in employer contributions. + +After graduating, I went to rollover it to my new employer's 401k and guess what? Turns out that the university vesting period was 3 years. So i lost 12 grand just like that. + +TLDR: LOOK AT THE VESTING PERIOD OF YOUR EMPLOYER FOR YOUR 401K +https://www.cnbc.com/2020/09/02/teslas-largest-outside-shareholder-reduces-holding-citing-portfolio-restrictions.html + +Baillie Gifford, Tesla's largest outside shareholder, has reduced its position in the electric auto maker after the company's rapid share appreciation made it an outsized influence on the firm's holdings. + +A filing with the Securities and Exchange Commission on Wednesday showed that the U.K.-based fund group now owns less than 5% of Tesla, down from 6.32%, according to data from FactSet. + +"We intend to remain significant shareholders for many years ahead. We remain very optimistic about the future of the company," Baillie Gifford's James Anderson said. + +Shares of Tesla were down 7% during early trading on Wednesday. +*The Jungle Beat will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/4l73al7wt1871.png?width=1426&format=png&auto=webp&s=2a810afb3f1ea3601932c323ac9e1e4684e8312e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ¤šŸŽøšŸ„ šŸ¦Welcome to the JunglešŸ¦šŸ„šŸŽøšŸŽ¤ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap šŸ“ˆ + +# $GME Closing Price: $213.25 + +&#x200B; + +Open Price: $211.25 + +Daily High: $224.45 + +Daily Low: $210.20 + +Volume: 4.75 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ–šŸŽšŸšŒGME 101šŸšŒšŸŽšŸ– + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Gamestop is Officially on the Russell 1000 Index + +&#x200B; + +[credit u\/Edawg661](https://preview.redd.it/pepdof9de2871.png?width=828&format=png&auto=webp&s=570720c11ae84ec6aefb86dd7ddda6c7e3efd8eb) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸš«No BrigadingšŸš« + +&#x200B; + +As you have probably seen by now, there have been reports to reddit admins that Superstonk users have **allegedly** been brigading other subs. u/redchessqueen99 [wrote a post here that addresses the issue](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) **(THIS IS REQUIRED READING)**, but I want to get into this. If we're going to be accused of something, let's look at facts. + +&#x200B; + +We know there are popular users ("influencers") in stock/finance subreddits that have been paid by companies to promote certain tickers and write/post DD. How do we know that? + +&#x200B; + +[**Because you have apes like me who blew their diamond whistle instead of taking the check.**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/) + +&#x200B; + +https://preview.redd.it/j5ksbue4b2871.png?width=1078&format=png&auto=webp&s=c44c58abaff4e4420823bd97827930e3025ccd50 + +Wait, so there's **PROOF** that there are **PAID SHILLS** on **THIS VERY WEBSITE?** (reddit as a whole, I mean) + +**Yep.** + +[And when we investigated these "shill-shell" companies, we found some pretty disturbing stuff. Like the psyops manual used to train people who take jobs shilling, politicians, volunteers, etc...](https://www.reddit.com/r/Superstonk/comments/mtc4xu/buying_influence_the_pump_and_dump_scheme_preying/) + +We also know that paid shills are also sent into internet forums to bash certain stocks so as to drive down their price. We know they are sent to communities like ours bash a stock to the long positions in the community. This activity is as old as the internet chat room (a/s/l? :P). + +So, duh, we know shills are a thing. Mods and members alike have been experiencing the harassment these paid bad actors use to attack us with their psyops and bullying communities like ours. And the bullying continues in other communities yet nothing is done after repeated reports. Seriously. If you could see some of the abusive wording in the mod reports on Superstonk posts, presumably from trolling shills, as well as the harassing DMs and posts directed at single users on other subs (myself included), you would see what a psychological battle this has become for us all. $&\*@#!&%\^! I JUST LIKE THE STOCK! + +So now I present the possibility here... we know we have been dealing with shills for months in these forums. So much so, that we've had to develop special AI software, SATORI, to help combat this epic problem. *Would it be so crazy to assume that we have shills going into other communities and pretending to be members of Superstonk, spreading negative sentiment?* Who knows. But Satori is now actively finding out for us. We should get the data soon. + +&#x200B; + +![img](qpld9231b2871 " +") + +This isn't a normal community. We are disproportionately targeted because of our unique popularity in the scope of reddit, yet here we stand tall. Remaining vigilant in our DD and excellent to each other. There is no evidence presented to us yet of any posts on this subreddit condoning brigading (we have requested from multiple sources), but we will continue to investigate. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New Karma and Age Requirements, Cross-Posting and Mention Bans, and more + +Given the level of fire we are under at this time, and to combat the issue of alleged brigading, the only alternative to completely going dark (which won't happen), is to up the automod age requirements to comment and post. + +**Satori is still approving users, regardless of age and karma, everyday. And if you have already been approved by Satori, these new rules will not affect you!!!** + +This is mainly to keep shill accounts out. And it has proven effective in the past. We prefer to stay defensive rather than offensive, and don't feel it's a moment too early to be raising these requirements to protect the sub. The issue has also brought the need to ban crossposting as well as many new words being added to automod (the ones that pertain to other subs). + +Oh, and... In case you missed it, we also had some code forcibly added to our automod code by reddit admin: + +![img](6uhvmvrmc2871 " +") + +So no more links to other communities or call outs of other communites. šŸ¤·ā€ā™€ļø + +The mod team appreciates you understanding that we are doing what we have to do to keep this community safe. + +&#x200B; + +I know some interns that are going to be out of a job this summer...... + +https://preview.redd.it/ei6zsu9x52871.jpg?width=880&format=pjpg&auto=webp&s=c33ca63334a58f6daba01f5d58d08cef6fcb1d59 + +Look for more info coming soon in an upcoming update post from u/redchessqueen99 + +# YOU CAN STILL COMMENT !apeprove! TO BE ON THE LIST OF USERS FOR SATORI TO FAST TRACK TO APPROVAL STATUS! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# No More MSM GME Talky šŸ¤ + +&#x200B; + +Don't even get me started on the narrative that retail-reddit in particular- is somehow capable or responsible for "influencing" a stock. This is clearly MSM trying to paint a narrative. (Brigading sound familiar? More on that below) + +Looks like a couple Billion in liquid capital and a rockstar exec team isn't promising enough. Sorry, I didn't know you were supposed to show your hand in poker before the dealing is done? Is it normal business practice to expect business strategies be proactively made public? Were 2 positive QE reports not enough? Russell 1000 upgrade? No? Ok.... + +&#x200B; + +[Credit u\/apegoneinsane ](https://preview.redd.it/ds3w3rxh22871.png?width=960&format=png&auto=webp&s=ec3f06bd47de66ff596be13fa3c3f92de3edbd7c) + +# ā€œBaird receives certain payments on retail option orders routed to Citadel Securitiesā€ šŸ‘€šŸ‘€šŸ‘€šŸ‘€šŸ‘€ + +&#x200B; + +MSM is just a propaganda machine. We've always known that. Now it's becoming more blatant, the more desperate they become. + +&#x200B; + +...Which brings me to MarketWatch. I won't link the article here because I don't want to give those MotherFUDders clicks. And I also don't want to post screenshots because that's a gray area in our NO BRIGADING rule and I'd rather play safe and set a good example here. + +It basically said that we are the new popular stock sub, but then goes on to say that we had a "flurry of anti(*that* sub) posts" and have almost half a million members. + +Ummm.... are we playing two truths and a lie?? + +Moderators here have not at any time allowed any kind of call outs to other subs in this manner. And we certainly are actively removing and potentially banning users that are guilty of these brigading posts. MSM is really trying to paint this sub with a brigading brush, but I, for one, am not buying it. + +TL:DR: Don't trust the narrative that MSM is writing right now. (As if we did before, but extra caution now is warranted.) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local Pink Cat āœŒšŸ’–šŸˆšŸ¦„šŸš€ + +&#x200B; + +Today's JB probably seems a little feisty. That's because it's warranted. Building this sub has been a labor of love on everyone's part, not just the mods. This community is built by apes, for apes. We are just the groundskeepers for the think tank. You all make it shine with content. + +&#x200B; + +Having said that, we are volunteers. Every one of us. We are here because we like the stock and like the sub. And we have all endured months upon months of harassment just for that simple fact alone. Yet we endure. Because the stock and the company's future is just *that fucking awesome*. + +&#x200B; + +I/we, this whole mod team... we will not let the sub be attacked from any source if we have any say in the matter. šŸ¦šŸ¤šŸ’Ŗ + +&#x200B; + +[Shield Wall!!!!!](https://preview.redd.it/yjxjgwhaf2871.jpg?width=1324&format=pjpg&auto=webp&s=f0b896fd5b3edcc9b32a49d40ed32e9f5e7d5947) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **šŸ›’** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **āœŠ** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **šŸš€** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **šŸ¦** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **šŸ–** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **šŸŽ®** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **šŸŒ™** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **šŸ¦§** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) šŸŒ** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) šŸ“ˆ** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **šŸ’Ž** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸšØ Reddit down šŸšØ + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ipiwhqxxt1871.png?width=1600&format=png&auto=webp&s=4395b8c806799ecbaffc67d4f28c0cc3bfa74017 +Netflix lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker than expected forecasts for later in the year, rekindling investor doubts over how the streaming group will fare after the economic reopening. + +The California-based company predicted it would add 3.5m subscribers in the third quarter, disappointing investors who were looking for a stronger rebound in the second half of the year. Analysts had forecast that Netflix would add 5.9mĀ subscribers during the third quarter. + +In the past year and a half, Disney, Apple, WarnerMedia, Comcast and others have launched streaming platforms, and there are more than 100 streaming services for consumers to choose from, according to data company Ampere. + + https://arstechnica.com/gaming/2021/07/netflix-bleeds-subscribers-in-us-and-canada-with-no-sign-of-recovery/?amp=1 +Canceling your student loans could crash the US economy because billionaires and bankers are generating massive amounts of wealth for themselves through Student Loan Asset-Backed Securities, which depend on you being stuck in debt for the rest of your life with no ability to discharge that debt in bankruptcy. + +The $1.7 trillion student loan debt bubble is in serious danger of creating an economic crisis in the exact same way that the subprime mortgage crisis crashed the economy in 2008 ā€” by creating a system of risky lending to unqualified borrowers that banks gambled with and profited off of at the expense of the American middle class who ā€” by the way ā€” [have yet to recover what they lost over a decade ago. ](https://www.theatlantic.com/magazine/archive/2011/09/can-the-middle-class-be-saved/308600/)And while mortgages are the[ number one](https://www.statista.com/chart/19955/household-debt-balance-in-the-united-states) source of consumer debt, student loans are number two, with 45 million Americans in debt. + +**But itā€™s worth mentioning: mortgage borrowers gained certain protections in the aftermath of the 2008 collapse, while student loans have none of the same protections.** + +[Your student loans are bundled together with other student loans and sold as securities by lending companies ](https://www.rollingstone.com/politics/politics-news/how-wall-street-profits-from-student-debt-225700/)that guarantee a return to investors based on the fact that [it is almost impossible to discharge those loans in bankruptcy ](https://www.nytimes.com/2020/11/07/your-money/student-loans-bankruptcy.html)[regardless of your ability to repay them. ](https://www.americanbar.org/advocacy/governmental_legislative_work/publications/washingtonletter/august-2021-wl/bankruptcy-journal-0821wl/)In other words, banks are exploiting the fact that you are legally required to drown in debt for the rest of your life. These bundled loans are called SLABS, and just like subprime mortgages, combine risky and safe loans in order to still let predatory investors profit from loans that are less likely to be repaid. + +However, with record low wages, an unprecedented labor shortage, and the ongoing collapse of the middle class in favor of billionaires playing horsey space ā€” the risk that an unexpected number of student loan holders will never be able to pay back their loans means that those SLABS are now a ticking time bomb. + +So itā€™s no surprise that instead of cancelling student loans, the current administration is fighting against every possible solution to relieve the pressure on borrowers; dismissing even minor ideas like converting all existing loans to zero-interest, or forgiving up to $10,000 per student, or even expanding loan forgiveness for income-based repayment. And itā€™s absurd because the president has the full authority to cancel the entirety of your federal student loans thanks to the[ Higher Education Act](https://www.govinfo.gov/content/pkg/COMPS-765/pdf/COMPS-765.pdf) **of 1978**. + +All the needless discussion around requiring an act of Congress [is just a smokescreen that allows wealthy investors to continue profiting ](https://theintercept.com/2021/08/05/student-debt-cancellation-nancy-pelosi/)from tens of thousands of dollars in predatory loans that we were convinced from childhood to take on, or risk being unable to gain enough financial freedom and mobility to do things like raise a family, or buy a house, or save money for an emergency, or pay for healthcare, which ā€” thanks to the prevalence of student loans, is exactly the reality for a massive proportion of borrowers. + +But itā€™s also a mistake to think that the president is simply being pressured by wealthy investors to keep us chained to these loans ā€” in fact, until 2005 private student loans WERE eligible to be discharged in bankruptcy, but that year, Congress passed the[ Bankruptcy Abuse Prevention and Consumer Protection Act](https://www.govinfo.gov/content/pkg/BILLS-109s256enr/pdf/BILLS-109s256enr.pdf), which didnā€™t protect consumers and gave a pass to the ultra wealthy to abuse bankruptcy protections. + +The Republican-led bill was championed by none other than the current president, who not only was one of the few Democrats to vote for it, [but who had also received hundreds of thousands of dollars in campaign contributions from credit companies who would directly benefit from the new bill. ](http://www.opensecrets.org/members-of-congress/contributors?cycle=Career&cid=N00001669)[Today, it is almost impossible to discharge your student loans through bankruptcy](https://www.yahoo.com/now/biden-defends-vote-on-2005-law-that-made-it-harder-to-escape-student-debt-143102760.html) ā€” less than 1% of filings even include student loan debt despite it being present in 32% of bankruptcies, and accounting for 49% of total debt for bankruptcy seekers. The laws around discharging your loans are so byzantine that you literally have to be over 50 years old and prove that you will be trapped in chronic poverty until you die, while also having made all of your student loan payments up to that point ā€” only then are you a likely candidate for student loan forgiveness, but even then, itā€™s not a given. + +So what weā€™re left with is an extremely risky financial asset that makes money for wealthy investors (aka, not you), but that YOU ARE legally bound to for eternity thanks to a series of draconian bankruptcy laws. And our \*only\* savior is the very person who eagerly championed those laws in opposition to his own political party, thanks to hundreds of thousands of dollars in campaign contributions, (aka legal bribes). + +And the best part is that unless economic conditions improve significantly for student loan holders, their inability to pay back those loans could trigger another debt bubble collapse like what we saw in 2008, and continue the perpetual suffocation of the middle and working classes, while creating another unprecedented transfer of wealth to the very same people responsible for the whole mess to begin with. + +***PLEASE NOTE: This is NOT my work, but it was taken from*** [***GoodMorningBadNews.***](https://linktr.ee/goodmorningbadnews) ***They do absolutely amazing journalistic work, making it all easy to understand, and well documented. Please check them out. I posted it here to share, as this has been discussed before as a possible catalyst for a market crash, MOASS, or both. Please do not waste awards on this post as i deserve none of them, instead help out the original author if you so wish.*** +For everything related to the hearings on 2/18 + +Noon EST. Iā€™m sure itā€™ll be on CSPAN and probably streamed by the house financial services committee site. +So I just thought an interesting metric could be the period between those two points, because due to the obscure nature of crypto for many people this might be years, and because the number of people having heard about it but not bought in is sure to be much greater than those actually invested. Ultimately, those are standing on the sidelines and are potential users. + +Just trying to better estimate when the next bull run will be ;) + +[View Poll](https://www.reddit.com/poll/a6yqy4) +I'm a cynical person to begin with, but I think even the most optimistic person would have to acknowledge that the reinstatement of student loan repayments are going to have a negative impact on the economy. I happen to think it will be catastrophic. + +Think about all those people who have outstanding student loan debts with generally shitty wages. Of course they'll be able to choose an income based repayment plan by the ever so merciful loan companies. Right? + +These pariahs absolutely froth at the mouth like rabid dogs when you choose this option. It's essentially indentured servitude. The interest on those loans will ensure you'll be paying it off for the rest of your life, most likely paying off double to triple the amount you borrowed for the original loan. + +You might ask why this would impact the economy since this was always the case, at least when college costs skyrocketed past the point of when boomers would often say "i pAiD OfF CoLlEgE By wOrKiNg aT ThE LoCaL DiNeR!" anyway. The answer to that question is COVID-19. Former students got used to not paying their student loans, and worse, they now have gotten so comfortable with their new spending habits that they won't be able to meet their minimum payments. But let's give everyone the benefit of the doubt. Say they can make the payments on time, or better yet, they pay a little extra to 'stick it to the man' and decrease their principle. What happens to consumer spending. I'll give you a hint: it's going to be non-existent or at the very least greatly impacted. When Jerome Powell and his monopoly money machine comes to an end within the next month or so, shit will hit the fan real soon. +Just needing to tell someone who will be as excited as I am about this. Iā€™m a full time college student and also working 35 hours a week. I started a new job in January and my goal was to put $1,000 in savings by January 2019. Itā€™s only September and I feel so relieved. Thanks yā€™all for the motivation and advice posts! Happy saving!! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have a parent (63 years old) who has absolutely no savings, assets, home, vehicles etc. and is expecting a $1200 Social security stipend in 3 years at full retirementage. He currently works and makes more than that, but not by much and is just getting by. He lives with a sibling who is also low income and they share expenses. Rent is $600/mo, Low cost of living area. Both have health problems and my Dad probably won't be able to work much longer. He's a diabetic and has Medicaid. His brother/roommate is 60 and has what we believe to be aspergers but is very reluctant to get diagnosis, or any intervention at all. I'm not sure how to best help them financially survive the transition to an even more limited income once they stopworking. Should I help them apply for assistance, plan for them to move in with me (not sure I have the space) or something else? Thanks in advance! +Saying "we are still early" is a form of confirmation bias and coping mechanism people use when in reality we aren't that early anymore. Bitcoin has a trillion dollar market cap and is the 10th most valuable asset in the world. I wouldn't call that being "early" anymore. Ethereum is #15. Large companies are now buying these assets. The days of 100x your money in a year is basically over. As for the shitcoins that do do that, look at the volume at the start. Barely anyone was trading back then. + +Do I think there is still a lot of room for crypto to grow? Yes, but this isn't 2011 anymore. Most people who buy now aren't going to make insane gains and that's just the truth of it. There are 15,000 shitcoins in existence now, back in 2011 there were maybe 5. And the industry just started back then, now it's been around for 12 years. Much different ballgame now than it was back then. I'd say we are somewhere in the middle. Big gains can still be made but don't make the mistake of thinking this is 2011 and expecting a 1000x in one year. +Recently one of my well doing relative got some medical condition and this is going to make a dent in his fortune. Although I am not coming from that money ,i am able to buy insurance . My company provides insurance to my parents and myself but I think it's not enough, what add-ons should I buy as there are too many jargons and now f***s from PB are calling me non stop and trying to scam me . +Assume that this guy has reason to want to hear me out and give me the benefit of the doubt. Meaning, heā€™s willing to listen, even though heā€™s been told by his ilk that weā€™re the problem. + +What do I show him? What should I ask him? Heā€™s been in this business over 30yrs. He was dismissive when I brought it up, saying ā€œYea I heard about those dumb redditorsā€. And ā€œgme is a failing companyā€(šŸ™„). + +But the most interesting part was when he said ā€œThereā€™s no way a company could be shorted more than 100% without everyone from the HFs and up through the MMs, the clearing houses and up knowing about it. They have a legal obligation to cover after a certain amount of time. It would be impossible for that to happen.ā€ (šŸ™„šŸ™„) + +He knows that I got my GED, have a few years of college and have taught preschool for 15 years. When I told him ā€œThey never covered. The numbers donā€™t add up and theyā€™ve in fact seemed to have doubled down and continued to short it.ā€ā€¦he looked at me like I was crazy and with wide eyes said ā€œHow do you know about all of this?ā€ + +He tried to tell me about the reporter who figured out the 2008 mess. Told me about how she found the right info buried in an sec document when she was looking for something else. He said ā€œThese things are impossible to read and she was lucky.ā€ + +I said, ā€œImagine there are thousands of her and now they have access to these documents online and the time to read them.ā€ + +Thatā€™s when he seemed to get that regular people know more about this than he could imagine they were capable of understanding. + +This is a guy whoā€™s spent his whole life learning this. In his mind, it was impossible that I could know about these thingsā€¦or that any ā€œregularā€ person could. + +So how do I show him that we do and that he is just as clueless as we were? + +EDIT: Yā€™all are amazing šŸ™ Iā€™ve got more than enough to pass to him if I decide to do that. I may just brush up on all the DD myself and see if I canā€™t handle my own talking about it all with someone who ā€œknows the marketā€. I will report back if this goes any further šŸ’žšŸ™ +When I first opened my account I did the textbook thing where I built a US core, then put Ex-US and EM ETFs around it. I sold all the international stuff off a few years ago since it was so flat in comparison to the US market and went 100% US ETFs (with the exception of whatever international equities ARKW and ARKF hold, and a small INDA position). + +A month ago I decided to ā€œdiversifyā€ again (in anticipation of the decade-long US bull run ending) and opened international ETF positions again (DFAI and AVDV). I immediately regretted it. They donā€™t even ā€œhedgeā€ the US; they just seem to go up less than the US on the up days and down more than the US on the down days. Worst of both worlds. Am I crazy to hate this? Am I thinking too short term and just being impatient? Or am I leaving return on the table by being too clever and ā€œdiversifyingā€ when the US is clearly where I should focus? +My portfolio is 25% FSMO, 25% TEQI, 20% FTLS, 15% KEJI and 15% INFL + +These are all newer, actively managed ETFs that I would consider medium risk (I hope?). My timeframe is 1-2 years to then sell or reevaluate. + +Obviously actively managed ETFs have higher expense ratios, but to me, if Iā€™m going to pay for overhead, I want to pay for some actual hands-on work instead of tracking an index. Thatā€™s just my own psychological hangup. Does anyone have any feedback about an active only portfolio, other than be aware of higher expenses? Or thoughts on my ETFā€™s? Thanks +6m NW - 36 m - L/MCOL - HHI 500k-1m/yr - Logistics + +**Background Not Important** + +My wife and I are in logistics. For a while we were kind of cruising. Maybe working 20-40 hours a week. However a couple of months ago we caught an employee stealing and trying to hire away key employees to try and compete against us. We felt like we were fighting for our lives for a couple of weeks. We locked up our info and accounts, monitored them, then fired them. They did start a company but it's failing in spectacular fashion. We stepped in and hired some new employees, did some restructuring, etc. And since we started grinding again putting in 80+ hours a week a significant amount of money has begun pouring in. Last month we made roughly 400k profit which is what we normally made in 6-9 months previously. And we're only getting busier. + +**Investing Context** + +- ~ 1.5m cash + +- ~ 5.4m property including 1m primary + +- ~ 1m Retirement (401k/profit sharing/ cash balance) and Taxable Brokerage Broadly invested in mostly VTI with some old faang stocks I had when I worked there + +- ~1.9m debt + +Our ("necessary") spend is very very modest for a family of four maybe 100k/year, excluding ~2k weekly in VTI. I know how to make money, but I far from the most savvy investor. And I feel like maintaining such a large cash position right now is a bad move. Idk why but every time we have a large cash position I'm always reminded of this quote from futurama "Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested." + +**The Questions** + +What do you do with your windfalls? What are you investing in atm? Any good books I can read, when I have time? Should I just start dumping more in the stock market? Should I keep buying real estate even though our lopsided portfolio keeps me up at night? Should I pay down debt even though most of it is between 1.89% and 4.25%? Franchises, other revenue streams, side hustles etc I should look into? Good Company Assets to buy, tax considerations, etc? I have zero wealthy friends or family in my life to ask for advice. + +My brother and I just purchased our first rental property (Quadplex). All the units are in great shape with long term tenants who had a great relationship with the last landlord. The previous landlord built the properties himself and had no mortgage on the properties. He rented each unit for $575 a month, while the current market rate in the area is around $800 a month. I have talked to 3 other landlords in the area who say we should raise the rent to at least $700 a month. All the tenants seemed concerned about the possibility of us raising the rent. After mortgage, taxes, insurance, and other expenses our net profit for the year would be around $1,000. We were thinking of raising the rent for each unit to $650 a month effective January 1, 2023. Giving the tenants around 2.5 months notice. Is this a good idea or should we go about this a different way? +The Most Popular Tickers on Reddit for Today, 2020-11-18. + +#Trending Tickers + +Ticker|Mentions|Bulls|Neutral|Bears|Price|Change|P/E +:--|:--|:--|:--|:--|:--|:--|:-- +NIO|779|29.30%|59.01%|11.69%|45.06|-3.28%|- +PLTR|592|32.78%|59.85%|7.37%|17.90|0.28%|- +BABA|300|35.80%|58.37%|5.84%|255.83|-0.38%|52.11 +TSLA|267|32.26%|59.68%|8.06%|486.64|10.2%|- +BA|218|35.12%|53.17%|11.71%|203.30|-3.21%|- +SPY|201|24.60%|58.29%|17.11%|356.28|-1.2%|- +RIOT|152|33.57%|63.64%|2.80%|5.25|-13.72%|- +CCL|76|21.13%|53.52%|25.35%|17.59|-2.55%|3.74 +GOLD|65|22.03%|72.88%|5.08%|24.46|-3.59%|- +NET|64|27.45%|60.78%|11.76%|64.48|-2.24%|- +DKNG|56|25.93%|70.37%|3.70%|47.68|2.3%|- +PFE|53|17.39%|71.74%|10.87%|36.32|0.78%|13.58 +AMZN|51|22.45%|63.27%|14.29%|3105.46|-0.96%|135.7 +MA|46|15.38%|79.49%|5.13%|335.94|-0.17%|42.22 +MSFT|44|30.00%|65.00%|5.00%|211.08|-1.58%|37.56 + + +#Trending Contracts + +Ticker|Strike|Type|Date|Mentions +:--|:--|:--|:--|:-- +NIO|$50|CALL|11/20|5 +CCL|$17.5|CALL|1/15/21|3 +NIO|$60|CALL|11/20|3 +NIO|$46|CALL|11/27|3 +PLTR|$24|CALL|2/19|3 +RIOT|$7|CALL|12/4|2 +TSLA|$500|CALL|11/27|2 +CCL|$17|PUT|11/20|2 +PLTR|$15|PUT|11/27|2 +BA|$200|CALL|11/20|2 +ACB|$4|CALL|1/21/22|2 +CRSR|$100|CALL|11/20|2 +PLTR|$20|CALL|12/10|1 +PLTR|$20|CALL|2/11|1 +K|$90|CALL|1/21/22|1 +CRSR|$30|CALL|12/18|1 +C|$30|CALL|1/21|1 +UPS|$170|CALL|1/21|1 +FDX|$280|CALL|1/22|1 +DIS|$140|PUT|12/18|1 + + +#Other Information + +Subreddits Searched: wallstreetbets, investing, stocks, stockmarket, options, robinhood + +Comments Searched: 17553 + +Unique Tickers: 264 + +Total Tickers: 7238 + +Unique Contracts: 86 + +Total Contracts: 163 + +Financial data provided by [Vhinny](https://www.vhinny.com/). + +View daily trending tickers on r/RedditTickers. +Hello Apes and welcome to the evening news. Tonight's story is one brought to us by u/stonkyagraha. Thank you stonkyagraha for this excellent tip. If you have a tip to submit, post it in the sub WeAreAPE for us to dissect and report. + +[Maxine Waters on 07\/28\/2021 proposed a bill for market transparency, in her speech referencing GameStop and the naked shorting situation. Representatives Bill Huizenga, Anthony Gonzalez, and Ann Wagner were the only 3 detractors to vote against the bill. Maxine argued admirably in defense of the bill, but ultimately her hands were tied by the naysayers on the committee. u\/stonkyagraha discovered through the FEC.gov publicly available data that by strange coincidence these 3 naysayers also received monetary donations to their campaigns from Ken Griffin and Steve Cohen.](https://reddit.com/link/oubvwm/video/bv1ocuezg9e71/player) + +Watch the video from the Official U.S. House Committee on Financial Services Youtube Channel [https://www.youtube.com/watch?v=2Wzt-SMH744&t=15708s](https://www.youtube.com/watch?v=2Wzt-SMH744&t=15708s) + +Check the FEC.gov releases regarding the campaign finance contributions to the 3 naysayers who voted against market transparency as it relates to the GameStop naked shorting situation: + +Donations by Ken Griffin to Bill Huizenga's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00459297&contributor\_name=griffin](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00459297&contributor_name=griffin) + +Donations by Steve Cohen to Bill Huizenga's campaign:: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00459297&contributor\_name=Cohen](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00459297&contributor_name=Cohen) + +Donations by Ken Griffin to Anthony Gonzalez's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00654079&contributor\_name=GRIFFIN%2C+KENNETH&contributor\_employer=CITADEL%2C+LLC](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00654079&contributor_name=GRIFFIN%2C+KENNETH&contributor_employer=CITADEL%2C+LLC) + +Donations by Ken Griffin to Ann Wagner's campaign: [https://www.fec.gov/data/receipts/individual-contributions/?committee\_id=C00495846&contributor\_name=GRIFFIN%2C+KENNETH&contributor\_employer=CITADEL%2C+LLC](https://www.fec.gov/data/receipts/individual-contributions/?committee_id=C00495846&contributor_name=GRIFFIN%2C+KENNETH&contributor_employer=CITADEL%2C+LLC) + +&#x200B; + +Credits for tonight's broadcast: + +u/stonkyagraha \- Without your tip, we would not have been able to report this story. Thank you. + +u/justkeeplaughing \- Production Director, Script writer, Voice Over Artist - "Jackie Tetas" + +u/GlassGoose4PSN \- Director of Broadcast, 3D Animator, Motion Capture +The bulk of the world's car manufacturing is handled by 60 different manufacturers. The US alone has slightly less than 8,000 banks/credit unions. Why do people think that only their precious chosen coin is destined for success, while all others will fail miserably? + +Having this "my coin is going to do better than your coin" mentality is toxic. Most cryptocurrencies depend on each other's success and can coexist together perfectly. + +Why can't we be excited for and supportive of each other's investments? +A major test of resolve is here - 7 of the last 9 days have been negative. Big falls. Weak hands selling out all over - feels like there's a stampede for the exit. The exchanges can't cope, which makes matters worse. + +A great many people on this sub have little or no investing experience. The FUD when we get falls like this is thus overwhelming. + +So, a lot of selling going on. + +But for every sale, there is a buyer. Think for a moment about who is buying right now, and why they are running *into* the burning building at the same moment you are running out. The people doing the buying right now are (by and large) not posting here. They are people with money, with investing experience; people who know that nine times out of ten, trading motivated by emotion will lose money; who know that the best time to buy is when fear is gripping the market. Make no mistake, there are people who are going to get rich from all this fear. Some of them might even be helping it along... + +So do yourself a favour: be clear about your goals and make a plan. Talk it over with an experienced investor who is disinterested (not *un*interested) if you can. Make a backup plan B for contingency. Then *stick to the plan.* + +Read any investment text and one lesson is super clear: when it comes to money, fear and hope are your enemy. If you can't control your emotions, you *will* lose money. + +Edit - It looks as if there may be mischief at work - reports of DDoS attacks going on to block exchanges. +[https://www.bnnbloomberg.ca/the-current-ipo-craze-is-starting-to-look-a-lot-like-1999-1.1534990](https://www.bnnbloomberg.ca/the-current-ipo-craze-is-starting-to-look-a-lot-like-1999-1.1534990) + + + +Initial public offerings have been doing extremely well lately, bringing to mind the excesses of the tech bubble in the late 1990s. + +Shares in Chinese toymaker Pop Mart International Ltd. jumped as much as 112 per cent in their debut Friday, after home-rental platform Airbnb Inc. closed 113 per cent above its IPO price in New York. JD Health International Inc. surged 56 per cent in its debut Tuesday while DoorDash Inc. soared 86 per cent in on Wednesday. + +Read more: Airbnb, DoorDash Rallies Stoke Renewed Debate on Pricing IPOs + +The FTSE Renaissance Global IPO Index, which tracks the performance of offerings worldwide, is up 82 per cent this year, compared with a 12 per cent gain for MSCIā€™s all-country equity index. Comparing the current period with the dot-com bubble is hard to do directly because the Renaissance IPO Index didnā€™t start until 2009, and a Bloomberg index that was around in the dot-com boom became defunct in 2017. + +There are some pretty clear similarities between the Bloomberg index versus the S&P 500 in 1998-99 and the Renaissance gauge now, noted Cameron Crise, a macro strategist at Bloomberg. The performance after that in the late 1990s was even more dramatic. If IPOs were to follow the same pattern now, they would have a huge jump still to come -- before a pretty spectacular drop. + +ā€œThe action in these names is definitely a concern for us,ā€ said Matt Maley, a strategist at Miller Tabak + Co., speaking about the U.S. IPOs. + +ā€œHowever, weā€™d also note that experience tells us that froth in the IPO market tends to be a ā€˜leading indicatorā€™ for an important top -- not an ā€˜immediate indicatorā€™ of a top. In other words, yesterdayā€™s action in the IPO market probably tells us that weā€™ll see a meaningful correction at some point over the next six to nine months, not necessarily over the next few days/weeks.ā€ +&#x200B; + +https://preview.redd.it/tysb9jy9kbw61.jpg?width=700&format=pjpg&auto=webp&s=89a873140e058d746b58d9c21a348573747e3f4e + +*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/fc32n4nfkbw61.png?width=750&format=png&auto=webp&s=1eb827af99cc845ff738454ce2f402a2da0bfcb5 + +Origin's history has its roots in the 1940s as part of the Australian conglomerate Boral Limited. The original company covered building supplies, oil refining, tire manufacturing, and gas supply. In 2000, the energy assets were spun off as their own company, which became Origin Energy. + +&#x200B; + +[Business Model](https://preview.redd.it/ldtr0dljkbw61.jpg?width=1159&format=pjpg&auto=webp&s=8b07c39b7239919d0ca6a77a85d5fc0b03802791) + +Since then, Origin Energy has established itself as the largest energy retailer in Australia, with 4.2million customers nationally. They own the largest coal power station in Australia and the largest fleet of gas power stations. Further to that they own green energy assets like a pumped hydro plant, and have contracted supply of solar and wind assets. As part of their retail energy package, they also sell natural gas and LPG. + +&#x200B; + +[LNG production joint venture](https://preview.redd.it/mw87z0s2lbw61.jpg?width=879&format=pjpg&auto=webp&s=90e792770d6db488b41d4fb8e96beb0a801b5d2a) + +As large as they are in the energy business, retailing only represents about half of the business. Origin is also an integrated gas company, which is involved in exploration and production of LNG. On the exploration side, they have major fields in Beetaloo Basin (NT), Browse Basin (Coast of WA), and Cooper Basin (QLD). On the production side, they have a 30% joint venture in Australia Pacific LNG (APLNG), which consists of an outlay of gas-fields in the Bowen and Surat Basin (QLD), pipelines, and an LNG facility on Curtis Island near Gladstone. + +# The Checklist + +* Net Profit (ex abnormals): positive 9 of the last 10 years. Good āœ… +* Outstanding Shares: stable L5Y (one major cap raise 2015 for APLNG). Good āœ… +* Revenue, Profit, & Equity: stable but not growing L10Y. Neutral āšŖ +* Insider Ownership: 0.8% w/ on market buying in last year @ \~$5. Good\* āœ… +* Debt / Equity: 44% w/ Current Ratio of 1x. Neutral āšŖ +* ROE: 5.5% Avg L10Y w/ 6.8% FY20 Neutral āšŖ +* Dividend: 6.7% Avg L10Y Avg Yield w/ 6% FY20. Good āœ… +* BPS $6.71 (0.6x P/B) w/ $3.41 NTA (1.2x P/NTA). Good āœ… +* L10Y Avg: SPS $8.98 (0.5x P/S), EPS 50.3cents (8.3x P/E). Good āœ… +* Growth: +3% Avg Revenue Growth L10Y w/ -11.4% FY20. Neutral āšŖ + +^(\*The insider % is small, but for a company with a market cap this large itā€™s unusual for insiders to own a large portion. That being said, the CEO owns 650k+ shares with about the same again in options. Even at todayā€™s low price, itā€™s about $5million combined worth. A few other directors purchased on market last year, one of which in Dec bought $500k worth.) + +**Fair Value: $9.36\^** + +**Target Buy: $5.86\^** + +^(\^ Based on average SPS, EPS, and current NTA. This will be significantly revised in The Target section below.) + +# The Knife + +[10Y Chart](https://preview.redd.it/s2500a5flbw61.jpg?width=962&format=pjpg&auto=webp&s=33f1f636b181ba8f2f13b40e6c53a831e8824bb4) + +Between 2008 and 2011, Origin traded as high as $14.33, albeit at quite a few less shares. At its height, it commanded a market cap of $17.5billion. + +Since then, itā€™s had its ups and downs. In 2016, ORG hit a multiyear low finishing Jan of that year at $4.10. It recovered and climbed for years reaching just under 17 billion in MC in 2018. But by the end of the year, it had lost a third of its value yet again. + +Those that bought ORG all those many years ago in 2011 are down -70% on their capital. The dividends might have soothed the pain of these loses, but would not come close covering the extent of the fall, amounting to a total of only $2.78 per share since 2011. + +Those that bought in May last year, coming off the sharp crash earlier in March, would themselves be looking at a -25% loss. Shocking given how much it had already fallen just 2 months prior due to the pandemic. + +At todayā€™s close of $4.15, Origin is the #70 ranked company on the ASX. It has a market cap of 7.3 billion, less than half of its all-time high. + +# The Diagnosis + +The Short Answer: There is no short answer. + +Origin is a complicated business. Its footprint covers two sectors and multiple industries within those sectors. While its business is all about energy, that manifests in several ways. Not to mention covering just about the entire supply chain that it deals in. + +&#x200B; + +[Infrastructure Overview](https://preview.redd.it/ut1svedilbw61.jpg?width=1259&format=pjpg&auto=webp&s=9afe9c5ec8efdd4aafade1208b309ea8f0582c26) + +That being said, are two main halves to Origin. The electricity retailer market and the LNG exploration and production market. Each has its own set of interrelated headwinds. + +**The Electricity Market** + +I wrote a bit about the problems for base load power generation within the National Energy Market (NEM) in the first post of this series: [Catching the Knife: The Second Australia Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/). It might be worth having a brief look to understand the issues at play here. + +The basic synopsis is that the increasing presence of green energy sources like solar and wind present a unique problem for base load power producers. Especially for those producers that cannot easily taper their output during times of peak contribution by sources like solar. This threatens the business model of traditional base load electricity production companies due to forcing them to run at a loss for portions of the day. + +&#x200B; + +https://preview.redd.it/gtuxofgzlbw61.jpg?width=895&format=pjpg&auto=webp&s=4a1c22215b43e238340a9c70281b51765541ca08 + +To add to that, the pandemic hit coal power plants hard and seemingly sent them into a bit of a death spiral. Demands for electricity significantly decreased last year, causing an energy glut, which has brought forward the growing effect of green energy on the NEM spot prices. + +&#x200B; + +https://preview.redd.it/yzezsi62mbw61.jpg?width=1099&format=pjpg&auto=webp&s=236b72158bec468bffa967c692cc53f7a085e97b + +Falling prices meant that larger base load production companies had an earnings haircut. Origin included. The same dip can be seen on the gas side of retail as well, though that appears to be recovering now. + +**Coal vs Gas** + +The main problem with coal baseload is that it's somewhat and on or off sort of generation mechanism. Origin is not immune to this problem. For one, they own the largest coal power station in Australia, Eraring power station. As an overall percentage of their output, it is not nearly as problematic as AGL. Even so, coal power represented 60% of Originā€™s FY20 power output. + +&#x200B; + +[Origin FY20 vs FY19 power output](https://preview.redd.it/8rtusd7imbw61.jpg?width=1200&format=pjpg&auto=webp&s=d9c26d38d0b8fdfd4ec613c202223da95f4d900a) + +What is crucial here though is that Origin has a significant footprint in gas turbine generated electricity. They own six gas turbines and have several contracted green sources. This is extremely relevant in this climate. While gas stations donā€™t tend to produce the same huge volume of power as do coal stations, they are very reliable, and more importantly, they are much more flexible. + +&#x200B; + +https://preview.redd.it/ghirn8240fw61.jpg?width=894&format=pjpg&auto=webp&s=d2ac11afc32df62c520b60b32557d0ff6a8de0ca + +Gas combustion turbines have a spin up time from cold shutdown to full load that can be sometimes as quick as 10 minutes, depending on the exact equipment. Most can hit full load within an hour. This is in contrast to coal steam turbine power, which usually take a full day to fully start up. So, for example, when solar contribution ramps up during the afternoon, gas turbines are more capable of tapering off their output and then restarting quickly once needed again. + +&#x200B; + +https://preview.redd.it/2at6wunlmbw61.jpg?width=788&format=pjpg&auto=webp&s=21b99143d7b956eadc1fc4ca8de79775c4477009 + +In addition to being quick starters that can flex to the demands of the day, gas turbines are also one of the cleanest forms of fossil fuel energy, producing only about half of the emissions of coal stations. + +For these reasons, gas power is rightly considered the best transition fuel. It compliments other greener sources of energy, and helps fill the gaps in the gridā€™s energy requirements during cloudy or still days. So, while the current energy market is taking it on the chin, Origin appears to be well positioned for the future. + +**The Exploration & Production Market** + +The other half of Originā€™s business is experiencing headwinds resulting from historically low oil prices. A big chunk of the APLNG supply contracts are linked crude oil prices. + +&#x200B; + +[Origin LNG contracted supply](https://preview.redd.it/t2vcqqaypbw61.jpg?width=1200&format=pjpg&auto=webp&s=02afbffb493c6e25a9aaa0c6963c3e733f2e2ac9) + +Oversupply issues stemming from the sharp drop off in demand during the pandemic sent the crude oil market into a dive. + +&#x200B; + +https://preview.redd.it/ew71t6prmbw61.jpg?width=1066&format=pjpg&auto=webp&s=8f2f3e57e85014abe84a269f6f8ae2f428da157a + +Indeed, prices were negative in oil futures for a day in 2020. Afterwards, and for most of the 2nd half of 2020, crude prices hovered around $40 per barrel. That was about 30% down from where it had been trading in FY19 and FY20 at around $60. As a result, APLNG has gone from posting a record $1.2 billion dollar cash distribution to Origin in FY20, to being forecast to likely only contribute half that in FY21. + +# The Outlook + +On the electricity side, Eraring power station is set to run until at least 2030. Origin is planning on pulling back on the total energy output at Eraring and using its more flexible contracted green energy supply from wind and solar to fill the gaps. This should help with cost efficiency. + +&#x200B; + +[Eraring Power Station](https://preview.redd.it/325tinr8nbw61.jpg?width=2657&format=pjpg&auto=webp&s=4ab33f4cdf0e58cab5131c8fe3dba7e6c2c8bff6) + +Furthermore, AGLā€™s Liddell station is planned for closure in 2022, which will help to address the current glut of baseload power present in the national grid. This is less than ideal for AGL, who loses a source of revenue, but is a boon to Origin. The void Liddell leaves will better justify the remaining baseload coal power stations and potentially put some upward pressure on electricity prices. + +On the APLNG side, the crude prices have largely recovered into the $60+ range since the start of this year, and is expected to continue to rise. This will improve the pricing for some of the contracted supply from APLNG. + +&#x200B; + +[APLNG Curtis Island](https://preview.redd.it/5qiqti1anbw61.jpg?width=1880&format=pjpg&auto=webp&s=5d6d45f0b5d14ba6f6ec1fff19e6637b8e4c1d88) + +Further to that, when Origin ventured into LNG in a big way it loaded up heavily on long term debt. In 2015, it had accumulated 11.8billion in long term debt. Over the course of the last 6 years, Origin has been paying that down each year to the tune of about 1 billion a year. Itā€™s 1H21 report showed that they had brought the balance down to 4.6billion, almost a third of its original impost. + +Much of the APLNG distributions have been going towards servicing the debt. Without additional large outlays, Origin could have the majority of its debt cleared within 4-5 years, at which point it can fully realize the investments it has put into place with the regular 0.5-1billion dollar distributions going straight to the net profit line. + +Further to that, developments at their exploration fields like Beetaloo could punctuate Originā€™s long-term LNG prospects with emphasis, keeping its place among the largest LNG exporters in the country. + +# The Verdict + +Origin is conscious of its position as a preferred transition fuel. They state as much in their reports. Currently operating six natural gas power stations in Australia, and with the imminent a closure of one of AGL's major baseload stations, this bodes well for Origin in FY23 and beyond. + +Furthermore, with much of its APLNG profits hanging on the price of crude, the higher prices of the last few months should provide some relief. If crude stays at this level or higher, I expect FY22 and FY23 will see some of the larger distributions similar to 2018-2020, when oil traded at similar levels. + +All that being said, despite all the headwinds, this appears to be a perfect storm of events in the energy industry that has led to Origin being in the position that it is in. I do not see Originā€™s problems as structural, however. In some ways it suffers from market sentiment surrounding the downfall of AGL (and coal power). On the contrary, Origin's positioning for the next 20 years seems to be very good. + +# The Target + +So, if we think that Origin is a viable business in future then the next step is to figure out a good entry point. + +&#x200B; + +https://preview.redd.it/z9xd7q0lrbw61.png?width=632&format=png&auto=webp&s=4e08660b045b5aed201bb98e452076505d91c17b + +Apart from the cyclical nature of its underlying profits, Originā€™s overall figures have been pretty consistent throughout the last 10 years. Using average SPS and EPS wouldnā€™t be a bad idea to give an idea of the long-term value of the company when energy markets recover (refer initial fair & target price at the start). This is where I think the ceiling on the stock could easily in the double digits long term (5+ years). + +However, if we are going to catch a knife, itā€™s best to try to find an entry point that is more relevant to Originā€™s current struggles, so that we prevent ourselves from entering too early. It also mitigates the downside risk should the energy market continue to struggle. + +&#x200B; + +https://preview.redd.it/zn2jlqojrbw61.png?width=615&format=png&auto=webp&s=f99a2829dc83539a6d334ca824f41ace5127fd80 + +The trouble with Origin is that its business is so split and subdivided, itā€™s actually pretty difficult to estimate, even having the insight of the 1H21 figures. Above is a first pass simple estimate, merely doubling the 1H21 figures. This might not be too far off the mark too. In 2H21, the electricity market is expected to stay depressed, but the LNG market should see an uplift, so the two should balance each other out. + +&#x200B; + +https://preview.redd.it/0fyhlqrirbw61.png?width=619&format=png&auto=webp&s=0c78f8ede02137fea656a161f2f989cd29f26bb4 + +Origin themselves give the above guidance for FY21. They donā€™t give estimates on revenue and profit levels, but it seems to roughly conform with the simple estimates when factored out. + +&#x200B; + +https://preview.redd.it/yzbda7shrbw61.png?width=617&format=png&auto=webp&s=f8f3e325cc049597aa9f261bf568cb99a79fabf0 + +Those more sophisticated than I have given their own estimates. The above show broker forecasts for the EPS and DPS for the next couple of years. When the FY21 EPS is multiplied out, it works out to be roughly 300million in earnings, which again largely conforms with our other estimates (when comparing historic underlying earnings with statutory net profits). + +One thing to note is the book price. Itā€™s somewhat of a trap I think to be using the statutory book price for this company. Origin has quite a bit of intangible and goodwill sorts of values in its equity statements. The difference between the net tangible book and the standard book is nearly double. I think that it far more prudent to run the tangible book in this instance, and similarly estimate using the more conservative broker FY21 forecasts for EPS and DPS. + +As such we get the following stats: + +* SPS $6.89 +* EPS 16.5c +* DPS 20.4c +* NTA $3.41 + +This gives us the following fair and targets for FY21 estimated figures: + +**Fair Price (FY21): $6.89** + +**Target Price (FY21): $3.37** + +If we expect for the energy market to improve going into FY22 and FY23, it might be preferable to average the EPS and DPS broker estimates for the full three forecasted years. If so, we get the following: + +**Fair Price (F.Avg): $7.38** + +**Target Price (F.Avg): $4.30** + +&#x200B; + +https://preview.redd.it/ywzlrsrpnbw61.jpg?width=938&format=pjpg&auto=webp&s=c3f61b6e21656b5e35942e8a5f3e9d5e54c4c94d + +From a very basic technical perspective looking at the 1year chart, Origin has shown a fair bit of support at the $4.00 level. This is where it bounced in March 2020. It held again in the dip in Nov, and so far since 21st of April. Closing today (30th April) at $4.16, itā€™s still perhaps a good entry point from a technical point of view too. This fits in with our longer term F.Avg target price. + +# The TL;DR + +I think that Origin right now presents a unique opportunity to invest in a multibillion-dollar energy & utility stock at a multi-year low. It is positioned well for the next 20 years as a transition fuel that works well in conjunction with green energy sources. The current price commands a premium 5%+ dividend. But better, it has a significant potential upside in capital growth when the energy markets recover, based on its historical price levels. I think realistically, we could see Origin regain a $10+ share price in the next 3-5 years once it winds down its debt and fully realizes its APLNG investments. Iā€™ve put my money where my mouth is on this one. + +*Anyways, thanks for attending my ted talk and fuck off if you think this is advice.* šŸš€šŸš€šŸš€ + +S*uggest other dogshit stocks (that are/were in the ASX 200) below, and Iā€™ll consider putting them on the watchlist for future DD.* + +*Currently on the Watchlist (rough order): KGN, TLS, AMP, WHC, APX, SXL, ASB* + +Edit: some typo fixes +Thanks to [this post](https://www.reddit.com/r/Superstonk/comments/w7x0h0/selfregulatory_organizations_the_options_clearing/) by u/pin-stop, I saw this [link](https://www.sec.gov/rules/sro/occ-an/2022/34-95327.pdf) to SR-OCC-2022-803 34-95327 titled "Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance Notice Related to an Expansion of The Options Clearing Corporationā€™s Non- Bank Liquidity Facility Program as Part of Its Overall Liquidity Plan". + +**If I'm reading this correctly, I think this Notice is the OCC asking for permission to destroy pensions and other institutional investors.** + +The Options Clearing Corporation (OCC) \[[Wikipedia](https://en.wikipedia.org/wiki/Options_Clearing_Corporation)\] is a clearing house based in Chicago that operates under the SEC and the CFTC. The CFTC granted [relief on swaps reporting until Oct 2023](https://www.cftc.gov/PressRoom/PressReleases/8422-21) in response to "a joint request received from the Securities Industry and Financial Markets Association \[[Wikipedia](https://en.wikipedia.org/wiki/Securities_Industry_and_Financial_Markets_Association)\] and the International Swaps and Derivatives Association \[[Wikipedia](https://en.wikipedia.org/wiki/International_Swaps_and_Derivatives_Association)\] (ISDA) on behalf of their swap dealers (SD) members" which hides those swaps transactions. + +OCC is submitting this proposal to expand their access to liquidity (aka *money*) because... well, read it for yourself: + +[Page 2: Description of Change](https://preview.redd.it/8ongsg2kqrd91.png?width=1648&format=png&auto=webp&s=b5f54864d39af9c58bee7b5577b827630e39fb7d) + +[Page 3: Description of Change \(continued\)](https://preview.redd.it/j2ywdb1lqrd91.png?width=1684&format=png&auto=webp&s=ff189e2b756e2bf45083d3be65089a69b30081be) + +As the sole options clearing house, "\[i\]n the event of a Clearing Member default, OCC would be obligated to make payments, on time, related to that member's clear transactions. ... **OCC now believes that it should seek to expand its liquidity facility to increase OCC's access to cash to manage a member default.**" + +Let's read that again: + +[Page 3: Description of Change \(continued\)](https://preview.redd.it/cgdj67mjrrd91.png?width=1652&format=png&auto=webp&s=e14fa5a716095b7729648e42ed25e0735d00bd5d) + +**"\[T\]he purpose of the proposal is to provide OCC with another vehicle for accessing cash to meet its payment obligations, including in the event that one of its members fails to meet its payment obligations to OCC."** with a footnote that liquidity shorfalls might occur "from **the failure of any bank, securities or commodities clearing organization**, or investment counterparty to perform any obligation to OCC when due." *Spicy! šŸŒ¶* + +This proposal lets the OCC to get cash fast using repurchase agreements: + +[Page 4: Repurchase agreements](https://preview.redd.it/48p1td4dsrd91.png?width=1674&format=png&auto=webp&s=b9c082f5cf5f3a813d56748b22aed16c62a0b726) + +The OCC wants to enter into more Repurchase Agreements with **Pension Funds** and/or Insurance Companies: + +[Page 5](https://preview.redd.it/ellq3kvmsrd91.png?width=1686&format=png&auto=webp&s=5ad563fe9e42900bf2a181a3b1dbf2deeefa6eee) + +Notice that? This proposal is specifically for the OCC to enter into repurchase agreements with **institutional investors, such as pension funds** or insurance companies, *that are not Clearing Members*! + +Do you remember [Kenny putting the blame on retail investors for stealing the pension funds of teachers](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)? *The question has been how will they screw pensions???* I speculated on this [before](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) and this OCC proposal looks like it puts pensions and insurance companies at risk. + +This proposal is asking for permission to enter into repurchase agreements with pension funds such that institutional investors, like those pension funds, are "obligated to enter repurchase transactions" even if the OCC ~~"experiences a material change"~~ is screwed, "funds must be made available to OCC within 60 minutes of OCC's delivering eligible securities". + +At this point, you might be asking if I'm really reading this right or if I've gone off the deep end. So let's read this section on "Anticipated Effect On and Management of Risk": + +[Page 11: Anticipated Effect On and Management of Risk](https://preview.redd.it/xrvjz94evrd91.png?width=1692&format=png&auto=webp&s=2783c202d23e4acfff9f14059475117da9d11fe0) + +[Page 11: Anticipated Effect On and Management of Risk \(continued\)](https://preview.redd.it/6uibnloevrd91.png?width=1706&format=png&auto=webp&s=dbd564d03b018637ebd9c76768714e5c1870942a) + +That looks like some fancy words for *shifting bags o' shit from the OCC to their Non-Bank Liquidity Facility (e.g.,* ***pensions and insurance companies***) in the event shit hits fan. And, the goal of this proposal is to shift losses **away from OCC Clearing Members**! + +[Page 15: Consistency with the Payment, Clearing and Settlement Supervision Act](https://preview.redd.it/94b8jdr11sd91.png?width=1666&format=png&auto=webp&s=e9b5cd12769689dfbaf37fb59644e471a734b510) + +Fancy words for: OCC needs cash from pension funds to keep operating without liquidating their Clearing Member collateral when shit hits fan. + +# How much money does the OCC need? + +In 2020, the OCC was allowed to get up to **$1 BILLION** from their Non-Bank Liquidity Facility, which they secured from **multiple pensions funds**. + +[Page 6: Background](https://preview.redd.it/ae25fmmwwrd91.png?width=1670&format=png&auto=webp&s=2fcf0bc3cb50393b9f23575e161bc7762da6edaf) + +Things haven't been going very well since then so... they upped their Cash Clearing fund to **$5 BILLION** and are asking for permission to increase they amount they can pull from their Non-Bank Liquidity Facility with **analysis underlying their recommendation in a confidential exhibit**. + +[Page 7: Background](https://preview.redd.it/8vcrbqm4xrd91.png?width=1672&format=png&auto=webp&s=3bbdc084ee84651534b1803b603aede2cf1fcebc) + +Despite not being able to see the analysis, we do see the OCC requesting an **additional $2.5 BILLION through the Non-Bank Liquidity Facility** despite having $15.8 billion (current total Clearing Fund requirement of which $5.5 billion are government securities deposited by Clearing Members) and $8 billion in Base Liquidity Reserves. + +[Page 8: OCC requesting $2.5 B more in liquidity from pension funds ](https://preview.redd.it/bfd943z7yrd91.png?width=1666&format=png&auto=webp&s=4f5a84dce6193479f63ce084fb8a2a7c1ce452bb) + +**TADR:** The OCC is saying their $23.8 BILLION ($15.8 Billion + $8 Billion) may not be enough when shit hits fan, so the OCC is asking for an additional $2.5 BILLION to come from pension funds *first* before they put their Clearing Members money at risk. + +https://preview.redd.it/i04u3ipgzrd91.jpg?width=500&format=pjpg&auto=webp&s=2dc930abfb0965f25099bfb9f8b70e543ed83892 + +*Providing advance notice* is a pain because apes might find out and it's so much easier to do business when you don't need to ask for permission. So, OCC proposing to remove the $1 Billion cap on the Non-Bank Liquidity Facility would also mean removing one of the cases where the OCC needs to file for advance notice. + +[Page 9: Proposed Change](https://preview.redd.it/siwmnei10sd91.png?width=1682&format=png&auto=webp&s=cf83d93c5df105185f34f5367374630317b6d6e5) + +OCC: *Can we please get access to more pension fund money without needing to ask for it?* + +[Pages 12-13: Anticipated Effect On and Management of Risk](https://preview.redd.it/micnmikk0sd91.png?width=1644&format=png&auto=webp&s=a852f1dbb4e6231d2b0b25a8a4987369d3474a59) + +OCC: *We swear this proposed change is just like how we were doing business before because the amount we're using from pension funds won't be less than $1 billion. We got risk under control, trust me bro!* + +# Comments? Don't tell me. Tell the SEC. + +[Page 17: Solicitation of Comments](https://preview.redd.it/aulyqxbi1sd91.png?width=1598&format=png&auto=webp&s=8eab0cbbb1a3a1a107c2ff6242d0a0b73d00fd48) + +Web: [http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml) + +Email: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) (Include File Number **SR-OCC-2022-803** on the **subject** line) + +&#x200B; + +EDIT 1: Another post I did on this ([MOASS Confirmed by Ken Griffin](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/)**)** speculating on how making the pensions be the bag holders ultimately shifts costs to taxpayers. + +EDIT 2: Thanks Everyone! RIP Inbox. + +***Clarification***: OCC is requesting permission to do an additional $2.5 billion ***and also to remove the cap so that the OCC can tap the pension funds for as much as they want without asking again***. The second part is probably the most dangerous one as it could theoretically give them access to the [$35 TRILLION in pension funds (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/). A good sized chunk of that $35 Trillion in pension funds is government backed by state and local government meaning taxpayers ultimately foot that bill. +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 ā€œyeeeooooooo guuuaays whats the next squeeze boyyyysā€ 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 Wendyā€™s not a ā€œdecentralized hedge fundā€ + +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. +Just got less than the bare minimum of groceries because I want some actual fresh produce in my bodyā€¦another surprise fee for renewing rental insurance went through the other day. + +This caused my account to go into overdraft which is stressful enough - cleared out the $100 I had finally built in my savings. And now because I canā€™t pay, my bank is charging an overdraft fee of almost $40šŸ¤£ where do you think the money is going to come from?! + +If I didnā€™t have the money to pay for those original fees, Iā€™m just getting charged again for not having money. I am so frustrated that I donā€™t even have a good quality of life and still canā€™t make ends meet. And I know itā€™s only going to get worse and more expensiveā€¦ + +TLDR; why do corporations charge us extra for literally not having money, why is existing so expensive when Iā€™m not even having fun?šŸ˜­ how do you cope with the guilt of doing small things to enjoy life/be healthy and feeling like thatā€™s the reason you canā€™t afford to exist? + +Rant over + +Edit: thank you for the wholesome award! This was my first time posting and this community is truly amazing with the amount of kind words, support, and advice Iā€™ve received. It really turned my day and mindset around - thank you allā¤ļø fingers crossed that things look up soon! Thanks to you all, Iā€™ll have quite a few resources to look into to help me in the meantimešŸ„¹ +Long story short, my husband (24) worked at a vape shop in our hometown that doubled as a phone repair shop. He made $12/hr + commission and that worked for him when he was single. Hell, it worked for us before we had a baby! + +He got a new job when baby was born that paid $15/hr (no commission), but was given significantly less hours than he expected. Especially because we moved for this job, we ended up needing about $500+ a month to cover our bills ā€” not including babyā€™s diapers and things like that. + +Well, husband was on Indeed looking for new jobs daily. I think he had something like 50 applications and no leads anywhere. We started to give up hope. He pretty much only has retail experience and no collegeā€¦ + +One day, a company reached out to him about an assistant manager position at a phone repair shop! During his interview, they actually offered him the store manager position because of his experience of 6 years at his original job!!! Heā€™s going to be making $20.50/hr plus commissions at his new job, and I make $16.55/hr plus commissions at my jobā€¦ Things are finally starting to look up, and we didnā€™t even expect it to be THIS good! + +All this to say: I know those ā€œworthlessā€ entry-level jobs may seem like theyā€™re going nowhere for youā€¦but itā€™s possible that they can be your path to something even bigger!!! +I can already feel it within me, and as each day passes I waffle back and forth between HOLY SHIT I'm almost there and 'OMG these last 4 months are gonna take forever!!' I feel like a zombie at work, because I know these people can't hurt me now. I'm too close to the finish line. The motivation to do well enough to impress my bosses? Gone. Like, completely. I feel nothing. I look at my jackass boss and I think to myself 'you're on borrowed time buddy' with just a slight hint of a smile. + +So for those who are 'close' to that FU day, how are you doing? Are you just begging for the time to pass? How are you handling work? Do you conduct yourself as you always have, or has the sense of the leverage winds shifting completely got you in DGAFF mode( the extra F is for flying)? +I have an okay job with a biweekly paycheck that \*should\* cover everything I need. I got too excited about it and kinda went overboard with paying off bills and some school debt (let's be real, I paid off a tiny chunk of the interest it's accrued). + +&#x200B; + +I have less than $0 to live off of for the next 2 weeks. Today was payday and I used that to pay rent, which I couldn't pay on the 1st. + +&#x200B; + +I have to go to my parents' to ask for money tonight and it's stressing me out. It makes me feel like I'm worthless (I literally am, financially worthless) and I just feel like shit. It's incredible how money can make you feel so fucking hopeless and insecure and honestly, suicidal at some points. + +Any support or advice or just general love would be so appreciated right now. + +&#x200B; + +\*\*EDIT\*\* Thank you all for the support and clear thinking. Sometimes, when I check my account and it's not where I want it to be, I get ahead of myself and spiral into wondering wtf I'm gonna do when I'm an old woman and have no savings. All of you have been very helpful in pulling me out of this and getting me into a more positive frame of mind. I have hope! You guys are the best! +Living in a not great neighborhood because of current housing costs... But why do these neighbors have to live up to trashy stereotypes? Loud music and noise and cars and arguing late at night; garbage cans overflowing at twice their height; cars parked blocking the way; and worse, just walking by someone is an offense, apparently, that could start a fight. They're straight from a movie. Just because we don't have a lot doesn't have to mean we should be out to get everyone else and live dog-eat-dog. So fucking stupid. +Hello everyone, I am currently investing $100 a month into VOO and I'm planning on opening a position in SCHD with a reoccurring investment of $10 a week. I know I should mainly prioritize growth stocks in the meantime but I wanted to know y'alls opinion on starting early with dividend investing. I figure that if I consistently invest $10 a week would help me snowball pretty effectively before I retire. PSA I plan on increasing that weekly investment as I work on my career. +I'm a tow truck driver trying to escape my self imposed poverty. I just had a call to release a vehicle from the impound lot. The police had impounded it. This girl lives in her car. She had everything needed to release it, except photo ID. It was so painful, having been homeless myself, to tell her she couldn't take her car. I haven't felt that terrible in a very long time. Haven't had an internal struggle like that as long as I can remember. I just wanted to tell her to take it and lie about her not having photo id. I know what would happen though. It's against the law for me to release it without photo id. When the cops call up asking about the car and we released it, they'd find out. I'd likely be in serious trouble,maybe even with the law. There would go my towing career, immediate source of income, and likely my reputation as a tow truck driver. I ended up giving her extra time to look for an ID and just think on it. Eventually she remembered she had a photo of her driver's license and my manager approved that. It felt so good to give this crying girl some good news and send her home safely. I know how scary it is not knowing where you'll sleep at night, especially as the sun is going down and your plans failed. Someone in a less dire financial situation wouldn't have this level of stress. A $300+ towing bill and a hotel room rental wouldn't be the end of the world. For some of us ,it would. I just wanted to share this story and remind people of the importance of financial reserves. Like it or not, money is very important. As someone with very little motivation to earn and hoard money, I struggle with this often. + +Some general advice, from a tow truck driver: +Start getting ready for winter now. Get a AAA membership, Plus level or higher, but also assume that you WILL be waiting multiple hours for a ride/assistance/tow in the snow, cold, and darkness. There is a shortage of tow truck drivers, and we're overloaded. It's only going to get worse. You can't just throw the average person in a tow truck and send them out. It's going to be rough this winter. Get batteries and alternators checked before it gets cold. AutoZone will do it for free And warn you about any major problems. It doesn't hurt to keep extra cold weather clothes or even blankets and sleeping bags in the car. Battery bank to charge a phone in case the car electrical system dies(just happened today, couldn't even make a phone call). Keep the tank a little more full than usual. Never know when you need to take a massive detour and burn through a ton of fuel. Drive around in a snowy parking lot and practice driving on ice and such. There's a ton more, but I don't have time to list it all. Good tires. Anyway, hope everyone is ok, be safe, get ready for winter if you need to. + +Edit: More thoughts. +Thank you for the support. If I'm quite honest, I've been struggling very badly lately and it's just nice to see so much kindness. I don't care about points or things here but I just noticed all the wards and stuff and was caught off guard. I used to write on my own site all the time like this. I ended up deleting the entire site one day after a truly hateful comment from someone that knew a very scary amount of very private data about me. It was creepy and sad. I haven't written publicly anywhere else until I started getting on reddit. I miss writing. It helps me think and sort things out. Didn't expect it to impact others like this though. I plan on compiling a winter prep list for drivers in cold climates soon and will share it here, as recommended by a few people. I've been very sick lately and suspect I have Covid. My employer handled the situation very poorly, trying to force me to keep working. I blanked for a second while driving and almost crashed the tow truck. It took me flat out refusing to work in order to get ONE extra day off work. I'll be finding a new line of work as soon as I get my truck on the road. I plan to turn it into a service truck so I can still do decent meaningful work, but on more reasonable terms. Please be careful out there and don't let people take advantage of you unless you know the risks and rewards and deem it worthwhile to play along. I'm needing the limits of what I'll tolerate. Be safe. I'd rather not come out and tow your cars or remains of them. Cheers. +No, just no, you fucking interns. Fuck off with that BS. + +I've waited DECADES for this market to unfuck itself. I'm spry as a nubile Jedi youngling. You can take your shill ass "I'll be ancient when it squeezes" "I'm tired" "GME Takes forever" BS. + +NO DATES BITCH, including the dates you say are taking too long. + +I will downvote and report each and one of your FUDDy-pudding posts. +Hello again r/realestateinvesting ! You guys pointed me in the right direction with my last question, so here I go again: + +I am doing my morning Zillow search for places in cities around the country and I stumbled across Milwaukee, WI. I keep seeing properties for multi-families for under $8k and I am wondering what the catch is? Obviously they need serious renovations, but is it that much to where you cant buy for next to nothing, put in some equity and either flip or rent out for some positive cash flow? I have never been to Milwaukee and just doing a skim and saw this as interesting. Thanks! + +Edit: WOW! First, thank you all for the great insight into a city I've never even been to. You have definitely scared me away from these "trap houses" (literally). I used to live in Atlanta and it wasn't as quite a drastic drop-off block from block in terms of quality as it seems the parts of Milwaukee where these houses are is being described. I now have a new book recommendation as well! Oh, and first gold?! THANKS! +Shills' current strategy is to make fake Computershare posts to drive up our running counts of how many shares have been direct registered. Then, once those counts (inflated by shills) preemptively show that we have the float locked up, and nothing happens (because we don't have it locked up yet), then we'll get de-motivated and doubt whether or not the MOASS is going to happen at all. Once we're de-motivated, we'll start to sell, and they need us to sell BADLY. + +EVERY SHARE COUNTS. DIRECT REGISTER YOUR SHARES WITH COMPUTERSHARE (not financial advice). + +DON'T TRUST ANYONE WHO SAYS WE'VE ALREADY DIRECT REGISTERED THE FLOAT - WE WONT KNOW UNTIL GAMESTOP DOES A SHARE RECALL. + +BUY. HODL. DRS. This is a sure bet, don't let any shills lie to you saying "But look the float has been registered and nothing happened, I'm selling :(". Once we actually register the float (and this will take months), we will trigger the MOASS. Stay frosty. +Feeling pretty down honestly. Timing belt blew 15k miles early. I have an emergency fund of 1k and not good credit. I drive an hour to work, and no public transportation alternatives. My partner has a gas guzzler of a truck and I can drive her to work (45 mins the wrong way) making my commute around 2.25 hours one way... but it will work until I find a new car. + +This is more of a rant than anything. Just a bummer to be one week away from being debt free and have a big setback like this. +BTC is at $41-42k. ATH was at $69k. Thatā€™s a 40% drop from ATH, and that drop has just been growing and growing for more than two months now. + +Thatā€™s a bear market. Yeah, itā€™s not a crypto winter, but multiple months of falling prices qualifies as a bear market, even if itā€™s short. Just like last summer was a bear market. It might get worse, or it might not. + +Call it what it is. Itā€™s not something to be afraid of; bear markets are where foundations are built. The people who are saying ā€œOh, this is just a dipā€ or ā€œThis is just a typical correctionā€ are in denial and donā€™t know what the fuck theyā€™re talking about. +# Preface + +Iā€™m not a financial advisor and none of this is financial advice. Iā€™m an engineering background, with experience working in the Oil and Gas Sector. My past experience has involved more technical engineering design and project execution, but now I work in energy commodities. My role focuses around building statistical models (Data Science) in order to understand the energy commodity movements (oil, gas, refined products). Iā€™m not an economist or historian, but I have a particular affinity for that sort of stuff. My experience at work also gives me key insight into macroeconomic drivers, specifically energy. This is my first attempt at writing a DD. If it is well received, I intend to write some more, specifically focused around the energy crisis, what that means for markets, inflation, and geopolitics. + +Before continuing, I would strongly recommend you read peruvian\_bull's ā€œThe Dollar Endgame.ā€ Understand that and you pretty much will understand most of what I am going talk about next. That being said, I will do my best to try and simplify some of the topics that will be discussed here. + +# What are bonds? + +We have all heard of bonds but most people donā€™t trade them. Bonds are foundational to our financial system, and the moves we are currently seeing in the bond market is highly alarming. The bond market is making moves that we have not seen EVER. + +A bond is financial instrument, just like a stock. It is openly sold and bought in the bond market. Bonds are effectively debt, but itā€™s split up into parts so that investors can purchase a piece of that debt. This is similar to a bank loan, where the individual pays interest based on an agreed upon rate to the lender (bank). Instead of a bank, itā€™s just a bunch of investors who have divided that loan up and invested into it. When investors buy a bond, they put down cash which is locked in for the duration of the bond. The issuer of the bond (borrower) then pays the bond holder (investor) a interest payment on their investment. This interest is equivalent to the yield of the bond. At the expiration of the bond, the borrower then returns the initial investment to the lender. This means, when the loan ends, the lender has then received their initial investment back and also earned interest that was paid out by the borrower. Pretty simple right? + +That leads to the next question you might haveā€¦ why does bond yields going up matter then? As I just mentioned earlier, bonds are debt, and the yield is the interest paid on that debt by the borrower. If the yield goes up, it means that the interest payments are increasing. Simply put, the yield increases because loaners must be incentivized to invest in the bond. Bonds with **higher yields** means that the borrower is carrying **more risk**. If you invest in a bond, and that borrower goes bankrupt, then you may never see that money back. This means that **bonds with higher yield are associated with borrowers who carry higher risk.** + +Since I believe in working smarter, not harder, I am going to directly quote Superstonk contributer delicious\_manboobs: + +>ā€œSo, a bond is debt instrument, it's like a split up loan that is not given by a bank, but by investors into the bond. So instead of a bank giving you 1,000,000$, you split it up into parts of 100$ and let 10,000 investors give you the loan. +> +>When issued, the issuer says he will pay you a certain interest over time (in this case, Citadel gives his investors 3.375%). Let's say you buy 10 notes at issuing date (100), you invested 1,000$ and Citadel will pay you 3.375% on that, this means 33.75$. +> +>The bond however is tradable on the market. You can buy and sell it. In this case, the bond seems to have been sold off, it is currently trading at 88.4. So, when the initial investor sells of his bond, another person is buying them at 88.4. So they have to pay 884 $ for the notes, but they still receive the initial interest of 3.375% on the nominal value of 1,000$ (10 x 100). The interest payment is still 33.75$, but since the second investor only bought for 884$, this now corresponds to an effective return of 3.8%. And also, since Citadel said it will pay back the nominal amount, at maturity of the bond, Citadel gives you back the initial amount of 10 x 100, namely 1,000$. Your total return consists thereof of a higher coupon paid to you (this is the interest), as well as a payback at nominal value at maturity (in this case the effective return of currently around 7.3%. +> +>So, let's say Citadel wants to raise more money and they replicate exactly the same terms for this bond. Investors will say: Well, that's nice, but I think I'd rather buy your old bond, since I will get a higher running return and an additional upside at the end. So, they will need to offer more favorable terms to their debt investors in order to raise more debt. +> +>Why would Citadel then not just buy back their bond at a discount price? Well... of course they could, but only because they raised the money one year ago doesn't meant they still have it do so. Actually, the evidence looks differently: Citadel has been raising money consistently over the last couple of months, this includes another loan earlier this year (I think around 600m$), as well as a stake sold in one of the companies (not sure whether by means of selling original shares or increasing capital in the company, I don't have that information). So why are they piling up debt and liquidity? My guess would be because they need the money for something and not just leaving it lying around on the bank accounts. +> +>As cost of debt is rising for them, they also need to show higher returns on their assets. If your total cost of capital for example is 4% and you have 1b $ in assets, creating a yearly return of 40m$ will suffice to cover your cost of capital. +> +>But if your total cost of capital is around 7% (because your debt rate just keeps jumping from 3.375% to lets say 6%), suddenly you have to make maybe 8% on your assets, so maybe 80m$. But now, everyone is a in recession, and your assets are moving to the downside, not to the upside. So since you cannot show the returns you need, you unwind your positions and try to reduce your hunger for debt.ā€ + +**Bonds are supposed to be considered safe.** When you invest in a bond, the only risk you take is if the borrowing party defaults on their debt and is unable to pay you back. This is why pensions and other low risk investors invest heavily in bonds. + +**The bond market is also HIGHLY LEVERED. Bonds are considered to be a safe investment, and therefore fundamentally considered ā€œsafe collateral.ā€ Pretty much ALL BONDS that are held by institutions are used as collateral for something else.** The bond market collapsing means the unwinding of all the positions that those bonds are leveraged against. This of course means that some of those bonds are likely used as collateral for say, massive short positions, or swaps. + +# Can the US Government Default? + +Back to the bond market and what is presently going on. The US Treasury 10 Year Yield has risen above 4% for the first time since 2008. So why does this matter? If we saw yields go up in 2008, how is this time any different? + +Well.. buckle up and let me show you. + +&#x200B; + +[US T-bond 10 Year Yield](https://preview.redd.it/c7rm1ceye8u91.png?width=1518&format=png&auto=webp&s=9b25ae948302b57adddaa22895f23f0823215966) + +Now why is this alarming?? It's because these are US Government Bonds. **US Government issued debt (US Treasury Bonds) is SUPPOSED to be the safest, low risk investment out there.** This debt has a yield, and that interest is paid out to the holder of the bond by the borrower. In this case, the borrower is the US Government, and the interest is paid to whoever is holding the bond. + +**Bond yields going up means that it is getting more expensive for the US government to borrow money**. This is because they have to pay out more in interest payments each month, equivalent to the yield. In the case of US Treasuries, which I will call US T-bonds from here on out, this is the main mechanism that the US government uses to fund its expenditures and to print money. In order to take on more debt, the US government issues US T-bonds. The US government now books that debt as a liability which they pay monthly payments on based on the yield. The borrower (US Government) is then credited the value of the T-bond to go spend on whatever. This is the main mechanism in which the money is created. + +Purchasers of these bonds are usually other central banks or financial institutions (hedge funds, banks, pensions etc). Central banks will buy US debt in the form of T-bonds and hold them in their Foreign Exchange (FX) reserves. Because the USD is the World Reserve Currency, central banks use these US T-bonds to influence their domestic exchange rate, prepare for investments, transactions, or manage international debt obligations. + +This is why the US is able to borrow at such low rates. The artificial demand for US T-bonds and USD means that the US is able to sell treasuries and someone was always there to purchase their debt. Becauseā€¦ there is no way the US would default right? The purchaser buys these US T-bonds and receive a monthly payment from the US government based on the yield. + +The USD is not the only currency that is used as FX reserves, there are others including the Euro and GBP. That being said, the US is the worldā€™s hegemony. This means that it is the most prominent and also the most significant borrower of money. It is also considered the SAFEST. + +&#x200B; + +[What a healthy yield curve looks like](https://preview.redd.it/m6jnd7y1f8u91.png?width=564&format=png&auto=webp&s=57d861a06bd6532fe049f21356a20944d42ddd3d) + +&#x200B; + +[LOLOL WTF IS THIS? Peak yield inversion is what it is](https://preview.redd.it/6ek0n3e4f8u91.png?width=1471&format=png&auto=webp&s=bec684ba1ee189fd7968d790cab1d3b428760c98) + +Confused? Let me explain. As the holder of a bond, you have two options. Hold it and receive interest payments based on the yield, or sell it before the bond reaches maturity. When you go to sell your bond, if there are no buyers, the price of the bond has to decrease until a buyer is found. The yield also has to go up in order to make the bond attractive enough for the buyer. That is why higher yields means riskier. Remember that the yield going up is **BAD** and means that people are trying to **SELL** bonds. **Yields increase as bonds decrease in value.** + +The yield on the 2 year, 5 year, and 10 year US T-bond is now 4%. **This means that people selling US T-bonds, so the yield is increasing.** In other words, the yield is increasing because no one wants US T-bonds. + +**Why does no one want US T-bonds anymore?** + +If we go back up to the bond explanation I provided earlier, bonds yields go up because investors view those bonds as more risky. The only risk that a bond usually carries, **is a risk of default. BOND YIELDS GOING UP MEANS THAT INVESTORS BELIEVE THAT THE US GOVERNMENT IS UNABLE TO PAY BACK ITā€™S DEBT.** The market is effectively saying ā€œwe think that the US government will default and so yields must go up to incentivize bond buying.ā€ + +**THE BOND MARKET IS A SYSTEMIC RISK. If the bond market collapses, any positions where bonds that were used as collateral will be unwinded.** + +&#x200B; + +[Bond market vs stock market size](https://preview.redd.it/ip5uc356f8u91.png?width=1562&format=png&auto=webp&s=0c05bb3c148ddedf4d8af8db93e1d5fc651cf071) + +The bond market is also MASSIVE. Bonds are historically considered SAFE. Bonds are considered the safest form of collateral, so the bond market is highly leveraged. If most of the bonds are used as collateralā€¦ what happens when the bond market collapses? Keep in mind the top picture is considers **stock market capitalization**, or in other words, the aggregate of the value of all the companies in the stock market. This does not consider the derivative markets which is in the **trillions**. If the bond market makes up collateral for even a portion of the derivative market (which I assure you it does), then the bond market collapse means the unraveling of the derivative market. In fact, **it means systemic collapse of our existing modern banking system.** + +Apologies if that is so alarmingā€¦ itā€™s not FUD. I am just trying to present the information in an easily understandable way so that most can digest this. + +Now keep in mind that US T-bonds are supposed to be the safest investment out there and take a look at the following... + +&#x200B; + +[US T-bond 20+ year yield performance vs S&P 500 performance](https://preview.redd.it/z1ax5yq7f8u91.jpg?width=2048&format=pjpg&auto=webp&s=6aaba6f1bd9c6f319f649164da4db5a7308c9ef0) + +This chart shows the performance of the 20+ year US T-bonds and the S&P500. **Usually investors rush to buy bonds during economic hardship.** This is because **bonds are supposed to be safe, especially US gov't issued T-bonds.** When interest rates rise and the cost to borrow increases, bonds do better while stocks do worse. This is what happened in 2008. As stock performance dropped, investors and institutions put their capital in bonds. Now look at 2022. + +**In 2022, bonds are performing WORSE than the stock market.** **SPECIFICALLY, US T-bonds.** Realistically, all bonds are performing worse, but I want to focus on US T-bonds here. The alarming thing is that **US T-bonds which is just government issued debt** is now performing worse than in the stock market. + +What does that mean? This means that, even though bonds are supposed to be safe (history shows us that they are actually more correlated than in recent times), **the market thinks that bonds are a BAD IDEA right now.** Extrapolating from this, **THE MARKET THINKS THAT THE US GOVERNMENT CAN NO LONGER SERVICE ITā€™S DEBT.** + +# The Vanishing Bond Market + +https://preview.redd.it/melluszaf8u91.png?width=495&format=png&auto=webp&s=dec41c1f38a9307f8e055b0d490374e6c86ca52d + +Want to see something hilarious, scary, and anger-inducing at the same time? Take a load of this: + +&#x200B; + +[US Treasury Clown Show](https://preview.redd.it/e7d2sewbf8u91.png?width=591&format=png&auto=webp&s=65e480d4d486784ac4e93c7cf7480f7017fb28b4) + +So youā€™re telling me that the US Treasury is ASKING BANKS if it should buy back US T-bonds in order to improve market liquidity? If youā€™re still not following me, let me explainā€¦ + +In a true free market that operates on supply and demand, selling an asset will increase the supply of the asset in the market and therefore decrease itā€™s price (given demand stays the same). In the bond market, selling bonds means the value of the bond decreases and the yield of the bond increases. In order for a sale to be made though, there has to be a buyer. Take a load of this headline: + +&#x200B; + +[No trades = no liquidity... bond yields rise until buyers are interested... what happens when no buyers are interested?](https://preview.redd.it/awtj051ef8u91.png?width=1239&format=png&auto=webp&s=94dc9e9b917ac4538af475ac3275f7412b39b542) + +This means that no one was buying Japanese bonds, aka debt issued by the Japanese government for four days. This means that there was NO LIQUIDITY. The US Treasury asking if it should buy back US T-bonds means that there is **poor liquidity.** In other words, no one wants to buy their shit bonds because they think itā€™s not worth it (why buy it if the yield is 4% and inflation is 8+%?). + +This is a slippery slope, because as bond yields continue to rise, then bonds become worth less and less. Any positions using that bond as collateral will get margin called. The institution holding the bond will then have to put up more collateral in order to stay in that leveraged position. Since the bond market is highly leveraged, a bond market collapse means the collapse of pretty much the entire banking system. The selling of bonds causes a cascade of selling, causing yields to go up and bond valuations to plummet. This unraveling is the death of the current system. + +You might have heard of the pensions in the UK blowing up recently. Let me explain what happened... + +&#x200B; + +https://preview.redd.it/5qa00q6hf8u91.png?width=983&format=png&auto=webp&s=6ad64cf17fb8bde4f7dba56cdc2b61e8124b2906 + +Pensions are supposed to be safe, and they generally invest in bonds. Because the yields have been so shit over the last decade, these pensions were given the ability to use leverage. In the UK these bonds are called ā€œGilts.ā€ Gilts are like US T-bonds. They are issued by the UK government, and are denominated in Pound Sterling. A few weeks ago, the UK government issued a mini-budget which included tax-cuts to corporations, a price cap on energy, and no change to interest rates. This mini-budget focused on providing stimulus to the economy. The idea was that putting more money back into peopleā€™s pockets would in turn provide the push needed to get out of this recession. Makes sense right? Well yes, and no. This is what governments have been doing since 2008. **Because this stimulus did not come out of the current budget, it had to be funded by government debt, aka printing money.** This government debt is created by selling gilts so that the government can spend more. Because the current recessionary environment is inflation driven, what the UK government (and by extension the Bank of England) tried to do was to print more money to get out of itā€™s predicament. + +**Stimulus is inflationary.** When the government took **inflationary measures** to try to ease the market, the market panicked. Gilts were being sold off (yields increasing), and the pound took a beating. + +This mini-budget caused panic in the markets, as investors went to sell their gilts and (supposedly) short the pound. + +When UK pensions who held gilts, blew up because of USD strength and general UK fiscal/monetary policy disaster, they needed to put up more collateral, which they didnā€™t have. The UK government had to step in and bail out the pensions. These bailouts ended Friday, October 14th. + +&#x200B; + +[USDGBP 30 minute](https://preview.redd.it/uhif7kohf8u91.png?width=1511&format=png&auto=webp&s=197499f828e44b49229a433891ed2a88fb8e8eff) + +The above is the USDGBP 30 minute chart. **The chart going up means the USD is getting stronger against the Pound.** This means one USD buys more GBP. This is happening everywhere around the world as explained by the ā€œDollar Milkshake Theoryā€ and ā€œThe Dollar Endgame.ā€ + +Letā€™s say I am a UK pension fund. Because bonds are supposed to be safe, I go out and buy bonds. In fact, I go out and buy the safest bond of them all, Government Issued Bonds (US T-bonds or gilts), because there is no way the government doesnā€™t pay back itā€™s debt right? Weā€™ll see about thatā€¦. Well anyways, the yield on these bonds have been so bad recently because of low interest rates and what economists call ā€œweak money.ā€ This environment breeds speculation as everyone wants to get in on the piece of the pie. Pensions funds who suffer negative income due to these low yields are now allowed to use leverage, so some of these pensions go out and put these bonds up as collateral in a derivative. This derivative can be anything (including used to short our favorite stock). **If the value of their collateral (bonds) decreases because yields go up, then the fund holding the bonds has to put up more collateral to meet margins. Additionally in the case of gilts, if they are leveraged against a USD denominated asset, the institution holding the bond as collateral will also have to put up increased collateral if their gilt goes down due to USD strength.** + +The combination of a rising USD and increasing bond yields is therefore a death choke. Now take a look at the other currencies around the world: + +&#x200B; + +[USDJPY 30 minute](https://preview.redd.it/8nu73fkif8u91.png?width=1518&format=png&auto=webp&s=c367823290af34d7bf53818f36e2b94fbc832e26) + +[USDCAD 30 minute](https://preview.redd.it/4wbjnjjjf8u91.png?width=1511&format=png&auto=webp&s=9cf6e564e7487ed1a7a914be80ef78fb8a74e797) + +[USD vs. a basket of currencies 30 minute](https://preview.redd.it/m1syygtkf8u91.png?width=1514&format=png&auto=webp&s=e8b35f8e9f723ca9d09d32e06a8e9a4e86f6ee65) + +In the world of FX, to manage your currency being devalued, a central bank would go to the open market, sell their foreign reserves and purchase up their own currency. By doing this, they are **increasing the supply of FX reserves in the market, therefore driving the value of that FX down, and decreasing the supply of their own currency in order to increase itā€™s value.** Now what happens when the Yen is devalued to the point where the Japanese Central Bank must choose between itā€™s own currency and the USD? The Japanese will likely begin to sell US Treasuries. Whatā€™s scary is that foreign countries hold a lot of US T-bonds. What happens if these countries begin to sell these T-bonds in order to support their own currency at rapid rates. + +&#x200B; + +https://preview.redd.it/so2bv68qf8u91.png?width=1298&format=png&auto=webp&s=276e06a3cfbba9dbee6ef45bf83f6694bf6cd0e0 + +**What happens when there are no buyers of these US T-bonds?** This is what is so funny and terrifying about the US Treasury asking banks if they should buy back debt. The only way that the US Treasury can fund this, is by printing money. The US Treasury is essentially asking: ā€œshould we buy back our own debt, which is funded by printing money?ā€ + +Imagine if you could just pay your credit card bill by printing more money. That is effectively what the US Treasury is asking. This is the path to hyperinflation. In fact, this is precisely what the ā€œDollar Milkshake Theoryā€ and ā€œThe Dollar Endgameā€ predicts, but I am hoping that this is more digestible for people who donā€™t understand the bond market. + +What I've shared here is nothing new. If you read and understand The Dollar Endgame, this is essentially just that... I have seen some confusion about bonds so I thought this would help. + +This is what an inflationary debt cycle looks like. High debt + an energy crisis putting immense inflationary pressure on the system = debt crisis. A debt crisis can go one of two ways. Central banks can choose to burn their way out, or increase rates and crush demand. In other words, the Fed has two choices: + +1. Hyperinflation. Burn your way out. Print to provide liquidity to the bond market... buying up your own debt (T-bonds) with printed money. This saves the banking system. This is like Weimar Germany. +2. Deflation, raise rates until demand is wiped out. This saves the currency. This is like the Great Depression. + +Either way, both are essentially two sides of the same coin. Governments will collapse because of this. I expect wide social unrest, supply chain shortages, energy shortages, and of course... revolution in many countries. It will be a tough several years, but I know that we will come out of this stronger, with a better system. How do I know this? Well... DRS and find out. + +**If there is good reception, I can write more.** I wanted to write one on the energy crisis specifically. I work in energy commodities, so have a fairly good understanding of the risks and limitations of the energy market. These factors create asymmetrically painful inflationary environments for countries who do not have energy security (EU, specifically Germany for example). The energy crisis and divergence between supply and demand is a key macroeconomic factor that is applying pressure on our system and by extension, governments and central banks. Understanding this energy crisis can help people understand one of the key inflationary pressures on the system right now and why Putin's weaponization of energy resources is so significant. Let me know if you wanted to see something on this! + +No TLDR on this one cause... well, read it or you won't understand bonds. + +edit: grammar + +edit 2: thx for all the great feedback +53, nw now \~$7.5M (down \~$1M this yr). Fire'd in May '21and spent a year diving into hobbies, travel and doing some 1/2 time work for extra cash and benefits. Had an opportunity in July to come back into a ft thing and help a friend with his business. Did it as a) was missing the camaraderie of work (his firm is in the creative space with lots of fun people) and b) wanted to ride out at least part of this downturn with comp and bens...I guess the same thinking that got me to where I am (be opportunistic) led me to this decision. + +Kind of mixed so far. I definitely find myself thinking of the things I would be doing if I wasn't working (e.g. backpacking across Europe) and I really miss my chill daily routine (long walks with dog, lots of learning, naps). The other aspect is that while I knew his business had some issues, There is an intensity to some of the issues (and some personal resistance to fixing them) that I didn't fully anticipate. Net, I find myself kind of looking for some quick wins/outs and not feeling fully committed to being there. + +Curious if anyone else is on this roundtrip kind of journey... +Seeing as how this is fatFIRE and not leanFIRE, what splurges have made life easier, happier, or better for you? + +These might be tame by some standards here, but here are the ones that Iā€™ve added in recent years: + +- house cleaners +- gardener +- handyman to take of my house project list +- grocery delivery (Amazon Fresh) +- anything exercise-related +- art that makes me happy +- monthly massage +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. +First time posting, excuse the formatting and spelling ( English not my first language). + +10 years ago I started investing in condos/apartments and for a while it made sense. Now Iā€™m not to sure itā€™s worth it. + +Overview of investment +PP = purchase price +MV = market value +CR = current rent +MR = market rent + + +1/1, pp $63k, mv $117k, cr $1,100, mr $1,200 + +2/2, pp $98k, mv $150k, cr $980, mr $1,500 + +1/1, pp $90k, mv $120k, cr $950, mr $1,200 + +1/1, pp $97k, mv $120k, cr $1,200, mr $1,200 + +2/2, pp $117k, mv $160k, cr $1,350, mr $1,500 + +1/1, pp $112k, mv $120k, cr $1,200, mr $1,200 + +3/2, pp $190k, mv $340k, cr $1,950, mr $2,100 + +2/2, pp $150k, mv $150k, cr $1,450, mr $1,550 + +1/1, pp $113k, mv $120k, cr $1,200, mr $1,200 + +4/3, pp $250k, mv $389k current home + +TOTAL +Money paid - $1,280,000 ( more than this Iā€™m not including renovation) + +Market value - about $1,800,00 + +Monthly rent income - $11,380 ( after taxes, HOA, repairs, etc comes down to about $9.5k) + +Potential rent income - $12,650 ( not counting expenses + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”- + +I havenā€™t purchase another property in about 2 years, prices have increase and good deals are not that easy to come by anymore. + +About myself. + +38 years old, project manager for a big condo developer in Miami FL, current yearly salary of $120k and every dime goes to savings account. +Between my salary and the investment I average about $16.5k savings monthly. + +Wife, 36 years old, speech therapist doctor, current salary $89k. Our yearly expenses are cover from her salary so we adjust our life to her paycheck. + +3 kids + + +Any advise on new ideas would be greatly appreciated. + +EDIT. Wow you guys have been awesome, right now Iā€™m waiting for a building inspector so reading all your comments has been very overwhelming ( in a good way). + +A few of you have ask time line for purchase and what my plan was. Iā€™ll work on this over the weekend and share it. Most of it itā€™s careful budgeting, patient and discipline but I would like to share it regardless if it could help anyone Iā€™ll be glad to assist. + +Just as a background my wife started her profesional life as a teacher making 35k a year and me as a property manager making about 40k many many years ago. + +Thank you again for everyone who has taken their time to leave a comment. Iā€™ll be sure to reply to your comments later today. +[https://www.nationalexpress.com/en/help/live-service-updates](https://www.nationalexpress.com/en/help/live-service-updates) + +Ticker: NEX + +"**From 23:59 on Sunday 10 January 2021 all of our coach services will be temporarily suspended. We plan to be back on the road as soon as the time is right and have a provisional restart planned for Monday 1 March 2021. Please note, this is under regular review and subject to change.**" + +Seems like very bad news and may cause a temporary sell off. They do still have their bus side of the business running. Thoughts? +Edit: This is year to date. The volume for previous years when GME was like $2 or $4 doesn't really matter when it comes to analyzing the short squeeze. + +Previous record: 4,961,500 on Jan 5th. 6 days later, huge spike in volume, price spiked shortly after that. + +For all y'all new apes out there, why we want to see a low volume because it indicates that everyone is HODLING and that the HFs who desperately need our shares to cover are getting absolutely jack shit. + +This is basically is like winding the spring for a jack-in-the-box. When the spring is winding, not much is happening, kinda boring. But once that spring is fully wound. BAM. Tendies come flying out of the box all over your face. + +Edit 2: I'm not saying that the past will repeat itself, but I'm just highlighting what had happened in the past when the volume was like super super low. What happens this time, who knows! All I know is BUY and HODL +Hey everyone, + +I've had some spare time to develop a personal project of mine. This project attempts to predict whether a company will beat or miss earnings based on the financial data from the previous quarter, sentiment analysis, or stock price movement. This project is still in the very early stages of development. + +Even if you have no interest in the project, I have some good tools for web scraping [zacks.com](https://zacks.com) or gathering 10Q/10K documents from the SEC. If you're interested, please check out my github repo: + + [https://github.com/alexanderpei/DeepEarnings](https://github.com/alexanderpei/DeepEarnings) + +This is my first project using Python and Git so please forgive some errors. + +Also please let me know if you have any comments, questions, or suggestions. Take care! +[https://www.realestate.com.au/news/former-nrl-star-jarryd-hayne-sells-parramatta-unit-for-670k/](https://www.realestate.com.au/news/former-nrl-star-jarryd-hayne-sells-parramatta-unit-for-670k/) + +&#x200B; + +Purchased off the plan in 2013 for $600K + +Sold 8 years latter for $670K. 11.7% total gross return over 8 years. Compounded works out to 1.39% p.a..... before all RE costs, stamp duty, CGT. + +Just a reminder that in amongst all these stories of properties earning more than their owners, not all property is golden. And cheap off the plan apartments in highly developed regions are probably the most fools gold of all. +21 yrs old. I come from an abusive household and i was bullied in school. Ive been always called 'retarded', dumb, etc. (Not sure if its important to mention but just saying) After graduating high school, i decided to stay in my room. I havent left the house for 3 years. (But Its NOT mainly because of social anxiety.) I've never learned how to drive and i dont have a car. I live in the middle of nowhere (nearest neighbor is 5 miles). i dont have friends. However this year i decided to get better. Its a slow process but im determined to reach my goals. So for the first time ive reached out to someone. I contacted my mom's friend and she told me she can get me a 9-5 job that pays $11 per hour and she can drive me to work and to a driving school. I told her i'll let her know when im ready and shes understanding about it. Now, Ive got $2000 under my mattress which is my savings. I dont know what to make use of it. I dont have a bank account. I only have my Social security card. How should i start from here? What things do i have to do and prioritize so i can fnally be able to study in college?(yes, thats one of my goals). + +Im not seeking advice in this forum about mental health. I will not be responding anymore to any interrogation about me and my family. Im sorry and i understand that some of you are just concerned but I just really came here in this subreddit to seek advice about how to manage money and financial plans for my situation. It will greatly motivate me to work on improving, so thats why i wanted to have an idea what i'll be doing. Like okay lets say ive finally left the house, whats the next plan? What to do and so on? I know that my questions are dumb for a 21 yr old to ask. But I honestly dont really know anything about finance, banking, taxes, cars, getting education, etc anything associating with public. These things are not simple to me. Sorry + +EDIT: A lot of people assumed i'm a male. I'm a actually a female. + +Edit 2: wow i didnt realize my post will get so much attention. It will be difficult to respond one by one but i just want to let ya'll know that ive been reading each them and checking and taking note of the links and important things. +Im also thankful to all the people who are very supportive and encouraging. I'm sorry i cannot reply everyone but your messages means a lot to me. and i will always acknowledge these thread as a big help to change my life. Ive also found out that some other people had or is been going through similar situation, so i hope they find answers and encouragement as well. I wish yall the best luck and success!!! Thank you +They're the kind to think Bali is more dangerous than Somalia because they believe everything they see on a current affair and today tonight. Get this, they withdraw money at the post office, then hand it back over to pay the bills instead of just paying the bills with the card! +Gaming company Roblox expects to be trading publicly on or about March 10, per Bloomberg. The company will be going public via direct listing, similar to Palantir and Spotify most recently. The company is currently valued around $29.5B. + +Still undecided on investing, will probably sit on it for a week or so to see direction. + +[S-1 filing](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) + +Edit: just because it's in the comments a bunch, price should be around $45/share on release. Good luck getting that price before it jumps. + +Edit 2: Ticker will be RBLX and you can buy it through your broker just like you'd buy any normal stock. No crazy IPO hurdles in a direct listing, Roblox will be selling shares directly to the open market. +The housing market is so messed up right now and I donā€™t know if this hurts me competing with 20% down. + +Does the seller get all the money from the bank at the same time or do they get the cash part first? +I've been writing forex trading algos for over 5 years now. One thing I always noticed in the results from the MetaQuotes optimization tester is that settings with a small tp and a large sl tend to be more successful than vice versa. This is not only in terms of overall profit, but in terms of sharpe ratio, recovery factor, drawdown, etc. I'm running tests right now and I'm looking at a result with a Sharpe Ratio of 1.5, a recovery factor of 1.2, and a drawdown of 0.02% -- with a tp of 20 pips, and a sl of 74 pips. So, almost a 1:4 ratio. + +However, we are taught from very early on as traders that we should cut losses short and let profits run, which works out mechanically to mean a small sl, and a larger tp. + +In the past I have filtered out any setting where the sl is bigger than the tp. We should just regard settings like these as having "gotten lucky" with the price data it was tested on, right? Running something with a stop loss 4 times bigger than the take profit is insane, right? + +Or is it? + +I'm starting to wonder if I'm not looking at this right from the correct angle. As I said before, settings with a bigger sl and a tighter tp have consistently proven more effective on pretty much every back test I have ever ran. + +Have any of you here thought about this dilemma, or have experience running an algo with a sl that is far bigger than the tp? + +Has anyone read anything from the quant field that talks about this? +Well its been fund gambling with options but i want to be the house now. How can i use whats left in my account to utilize selling options to recover my loss? Any advices are really appreciated +Hi. Im 20 years old and using a throwaway account because my friends know my other U/. I recently made a really good play, bought GME at 19$ and sold around 410$. Im sitting on a boatload of cash just past 6 figures. More money than i ever imagined i would have at this age. + +Im going through a bit of shellshock, but now its been 5 or so days since i sold and im ready to get back out there or at least develop a plan. + +Long story short: my dad wants me to use 100k of it and develop a good equities portfolio, then use the remaining 20-30k to play around with myself. A mix between r/investing and r/wsb. I was thinking more like doing some theta gang plays. I could lowkey spin the wheel on TSLA, which could be profitable, but id be risking like 70-80% of my entire portfolio. I dont know. Maybe i need to read the intelligent investor and this isnt the right place to come to with this issue. + +Either way, if you have any tickers, strategies, or thoughts please share. The way i look at it, i was able to make a lot of money for someone my age, but this isnt a ticket to complete financial freedom.... yet. I want that ticket. +Hey yall- I've been learning for the past few years that a big part of why I had so many troubles saving and budgeting were because i had little to no financial literacy. I didn't know much about bank accounts, savings, loans, student loans, making a budget, ect. + +&#x200B; + +I started dating this amazing woman who didn't grow up poor, and i was astonished to find that a huge difference between our saving and spending habits came from the fact that she was taught about finances at an early age. Where i spend money on food because i get scared ill go hungry she buys what she needs and saves. Where i cant always see how spending 5$here and 110 $ there is bad she counts every dollar, and as such can really save. + +&#x200B; + +This kind of inspired me- i started learning about different financial terminology, the basics of budgeting adn saving, and other stuff- the truth is that i learned SO MUCH. I'm still not in the best place financially. I have no savings- I am only starting to pay off debt, but in the end even the small steps im taking is making a huge difference. so in the spirit of this i want to share what i've learned because maybe itll help someone. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Banking 101 + +Ok so, banks may seem like the most basic thing ever- but the truth is for a long time i didnt even want a bank account, it seemed like a useless way to store money that i needed and way gonna use. Plus overdraft fees terrified me. Turns out I was holding myself back quite a bit. + +&#x200B; + +Important definitions: + +* **Bank:** a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency. +* **Credit union: t**ype ofĀ financial co-operative. They're nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. +* **FDIC:** The Federal Deposit Insurance Corporation (**FDIC**) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. They insure that in the event of a bank failing you get some of your money insured. +* **Annual Percentage Yield** ā€“ APY is the amount of interest youā€™ll get on the money you have deposited in your bank account each year. Itā€™s the amount the bank pays you for keeping funds in their account. used for savings accounts. +* **Deposit:** The cash you put into a bank account, the bank holds this money for you and either holds it or invests it. +* **Balance:** How much money is in your account +* **Available Balance:** How much money you actually have access to +* **Overdraft**: When you take too much money out of an account and your balance is negative. Banks sometimes have fees for this + +SO with all that out of the way... + +# Why have a bank account? + +The truth is in today's market you don't always need one. Before when i didn't have one i would cash my cheques directly for about 3$. The teller at the store knew me, and sometimes would let me get an extra 10 or 20$ in advance, knowing that id have a cheque for her later. As i started earning more though I also realized a few things: + +* Building a credit history: people need to know you, wanna get an apartment? need credit. wanna get a cerd? a loan? anything? credit. +* Banks keep money safe: its not safe to carry around 100s of dollars. This seems obvious but the anxiety i felt coming home with cash in my bag was ridiculous. Not only that my apartment got broken into and my computer stolen- what if they'd found my cash too? +* Its actually more convenient: Wanna buy shit online? done. Wanna use plastic for everything? done. wanna do literally anything that requires a card? done. +* You can save: So eventually the hope is that youre making more money than youre spending. Its used to be that if that happened i would just spend that too. But no- a savings account actually allows you to keep that money away, safe, where you need it for emergencies or whatever. + +Ok so all of that probably seemed really obvious. It wasnt for me and maybe i'm a dumbass, I get that. So finally lets talk about... + +# Opening an account + +&#x200B; + +First- Bank or Co-op? + +Big banks have the advantage of convenience and the ability to be everywhere, that said Co-ops tend to be more family friendly, you get to know the community, are much more personal, and usually have better loans. Honestly here its all about preference. I have an account with a local Co-op, which gives me access to a lot of great offers- but i also have a bank account with a big bank. The big bank u use for checking, the co-op for savings. It works for me. Look at what you have nearby and what they require and choose what fits you best. + +Second you need to choose what type of account, for the sake of this guide we'll talk about checking and savings. + +|Checking account|Savings account| +|:-|:-| +|Used to store money, pay bills, get a card, write cheques|Used to store money long term, save money, build an emergency fund| + +So once youve identified what kind of account youll be getting you need to figure out where you want to open one- so what should we be looking for? + +&#x200B; + +Checking: + +* Look for accounts that have no monthly fees. You dont want to lose money by paying a fee every month jsut to store money in the account. +* No overdraft fees. Right now theres a wide enough selection that you can get an account with no overdraft fees- protecting you from the RIDICULOUS fees that can come with an overdraft. +* Good online presence. The truth is nowadays having a convenient way to look at your accounts wherever is super amazing and useful. Even my tiny co-op has an app. + +Savings: + +* Look for higher interest/APY the higher the more they pay you for keeping your money in there +* Look for accounts with no monthly fees. Seriously, youre already giving them your money dont let them keep it. +* Mobile deposits. For those of us who get paper cheques its nice to just snap a pic. +* No transfer fees. Most of the time you open a checking and savings account together- you can only transfer money out of a savings account a certain amount of times a month before they start charging you, this is due to federal regulatory stuff- keep an eye on it. + +So now youve found some account you like with banks you think are ok- whats next? + +&#x200B; + +To open an account you need a minimum deposit- this varies depending on your bank. Some require just 1.50$ others 25$, others 50$ I suggest writing whatever your deposit is as money lost and ALWAYS keep that minimum there. That said i can never do that, but hey- dont be like me, be better than me. + +&#x200B; + +So what now? + +&#x200B; + +Thats it, thats this guide. Note that there are many other checking accounts, savings accounts, money market, IRA, and a bunch of other bullshit. The truth is that when your poor that shit is out of our league. just having a good checking and savings account is a huge step for a lot of us- so with this guide i wanted to start there. + +&#x200B; + +Thanks yall, let me know what you think and i hope this can help someone. +My grandad said that not only are the bank notes we use not worth anything inherently because theyā€™re just paper or plastic, they donā€™t have anything of real value attached to them. + +He said that a bank note used to be like a cheque, the cheque does not have any of itā€™s own value but the value is that is redeemable for something of value. That in the old days an ounce of sterling silver was equal to 1 shilling and 8p or 20p, and 12 ounces of sterling silver, or 20 shillings, was worth Ā£1, but eventually that was changed so that Ā£1 was worth a smaller amount of gold, and because carrying around lots of gold became impractical banks started to issue notes redeemable for gold to be used for spending amounts larger than Ā£5, and eventually instead of redeeming them people started circulating them, but they always could redeem them if they liked, and this was the way until the First World War when the government needed more money to pay for weapons and feed soldiers than it had gold, so it decided that bank notes had value in their own right, but during the Second World War we signed an agreement with the Americans so that Ā£1 was equal to $4, and since the US dollar was based on gold, with an ounce of gold being worth $35, this meant the pound was too, and could be exchanged for gold by converting pounds into dollars and then bringing those dollars to a bank, but that stopped in 1971 when the Americans decided to stop basing their currency on gold. + + +He said that currency should be based on gold because otherwise the value of Ā£1 is arbitrary and our savings could become worthless if the Bank of England loses credibility or if the government decides that it needs a lot of money so prints more bank notes, he said that in this system the value of Ā£1 is only based on it being a portion of all of the pounds, the portion gets smaller as new money is printed, and the value of all the pounds is based on nothing but the word of the Bank of England anyway, but with gold no matter what happens we still have something of value. + + +I am not an economist, I know nothing about economics but to me this sounds plausible, however I did a search and almost no economists support a gold standard, which means there is some reason why itā€™s bad. Why is that? +Obligatory* If this is not the right place politely tell me to get lost. I did a brief search and only found stuff about not going public so I did indeed try. + +From my understanding companies go public for what I will describe as financial flexibility (more money/ shares to maneuver with) what reasons are there for a company, once itā€™s been established, not to simply buy back all the shares and go private again. +I'm at the age where my friends are beginning to get married, and only starting to appreciate the fucking colossal cost of weddings. One of my closest friends tried to do in 'cheap', as in no fancy venue and meal etc, and it cost him close to Ā£10k. + +A couple colleagues in work are having more traditionally lavish weddings, and both are pushing Ā£30k with plenty more still to organised. These are by no means extravagant weddings, they appear pretty typical to me. + +Are we going to reach a point where couples just cease to be married because of the ridiculous cost? Or will the traditional pressure of having a big day force people into personal financial peril that will take them years to recover from. +All weekend, aside from creating a WSB Zoo, (which is great and thank everyone who contributed). We had people celebrating this is the week. Iā€™ve saw those comments over and over all weekend. If Iā€™m seeing it, so are the hedgies. March 19th has been marked on our calendar for weeks. EXPECT THE WORST CASE SCENARIO! + +If this was poker, we are literally showing our hands before we go all in. The hedgies are seeing our cards and folding just to prolong this squeeze. + +We just need to continue to be patient and buy what we can afford and most importantly HOLD! + +The numbers are on our side. All they are trying to do is cause fear and doubt. They NEED OUR SHARES! + +This is not financial advise, this is šŸ’ŽšŸ™ŒšŸ¦ advice. + +Edit 1: So Iā€™m been getting a lot of comments about me being a shill, hedgie, bot, etc... So let me end this retardness + +Yes, I joined Reddit 41 days ago. The same day Mark Cuban came here to chat with us. I like some apes here bought GME in January out of fomo. I saw the stock go up and then crash down to the 50s. Iā€™m usually a low risk stock trader, but I saw an opportunity to ā€œget rich quick.ā€ When I saw my portfolio go red for the first time ever, I was panicking, like wtf is going on. I knew RH and other brokerages restricted us from buying which led to the dip, so I HELD. So when I saw Mark Cuban on here and he told us to ā€œHOLD!ā€ I felt reassured. Since I created a new account and joined wsb, I thought to browse through all the post and memes. Here I saw stories of how people were effected in 2008, and their parents lost their homes due to these 1%. I saw stories of how people have been poor or barely making ends meet have this once in a lifetime opportunity to turn their life around. Iā€™ve seen stories about expensive medical bills, rent, buying a first home, and other necessities, how this opportunity can change their lives. I seen stories about just wanting to get their tendies so apes can buy a lambo. All these stories really touched me and changed my whole perspective about life, stocks and this short squeeze. I originally bought these stocks for the money, but now I know itā€™s much much more. Itā€™s NOT about ME, itā€™s about šŸ¦. APES STRONG TOGETHER! And anyone else who doesnā€™t agree with this movement and only cares about their money, youā€™re just a selfish paper hand to me. So the past month and a half, I took the time to learn, learn about stocks, options, shorts, GME, etc... because I believe in this stock and I was to help others. I know firsthand how it feels to be a newbie and buying due to fomo and seeing the stock dip. So Iā€™m trying to help and educate the fellow apes as much as I can, because every ape is important no matter how many shares they hold, because thereā€™s more than one way to help the cause than buying. + +So some of yā€™all can continue to criticize me, I really donā€™t care. Iā€™m going to continue to help and educate others. + +Finally if that story isnā€™t convincing, IF GME CLOSES AT LEAST $350 on FRIDAY, I will eat a Green Crayon. + +Hopefully that convinces the naysayers that Iā€™m a šŸ’ŽšŸ™ŒšŸ¦! +My wife and I were born and met in the mid-Atlantic. She had lived out west for 10 years before we met. + +She was after me to buy a 2nd house, so we did in Jackson Hole. The intent was to be a second home, but within 3 months of the purchase I was fired from my job and another 3 months we had moved here full time(our firstborn was 11 months old). + +I had no idea how difficult it would be to raise children alone far from your support networks but that is not the point of this post. 1.5 years later we had our second child, born here in Wyoming. + +So basically we are living in an area that gets 5-15ā€™ of snow per year at our house and 40ā€™ on the biggest peaks. Winter is November - April. We are skiers, so this is great. Although temperatures routinely hit -20* for a few weeks. It is pretty easy to get out of town for Thanksgiving and Wyoming does an incredible 2 week spring break that the town empties for. Everything in between is ski season. + +Our youngest started school this year. At this age the winters are easy for her and Iā€™ve raced down the mountain with her shouting ā€œfaster skis fasterā€! + +That said, winters with kids under 4-5 are extremely difficult in this town. We have a pool, a childrens museum, and that is about it. The latter is now closed for a few years until they rebuild. Taking your 2 year old to see the Dog mushing race and itā€™s -10*, isnā€™t exactly fun. There is just very limited activities for little kids here in the winter time. My wife and I are 100% mountain people and not beach people but childrenā€™s activities in the winter wasn't something we put on our pro-con list when we moved. We simply put no thought on that aspect. + +If I was able to do it again I would give serious consideration to a warm local until the kids were 4-5. On our winter warming vacations to the south, itā€™s heaven to open the door and let them play. At the very least winter activities for kids <5 should be looked at before you move. + +Now that our kids are all in school theyā€™ve attended ski school several times at -15*. I laugh when I drop them off - I know they drink more hot chocolate then do ski runs but thatā€™s ok. Now they love winter just as much as summer and are old enough to enjoy it. My 8 year old is an incredible skier, well really all of them who grew up here are. We were just hiking in Joshua Tree last week 30 minutes before dark. A nearby Mom was hysterical with her teens. We were 1/4 mile from the parking lot. She thought they were going to fall on the rocks or get lost. Meanwhile my 5 year old is climbing the rocks and points out the direction to the parking lot. + +Just some of my experience for anyone making some of the same considerations. +I was talking with my advisor the other day and he recommended against using DRIP. + +Don't get me wrong, he recommends reinvesting my dividends! + +But he recommended turning DRIP off and picking where to reinvest my dividends instead of having it done automatically. + +I get what he's saying. To put it in terms that will be easy for the sub to understand: It may be better to buy SCHD with with your O proceeds. Or JEPI with your SCHD money. It may not. But it's worth taking a look and doing it yourself. + +On the other hand, the whole point of DRIP is to set it and forget it. + +What are your thoughts? Do you DRIP your dividends back into the same security? Or do you manually reinvest your proceeds? +for example, + +spy right now is $437.98 + +spy jan 24 $462 put option (deep itm) is trading at $23\~23.77 + +but spy jan 24 $438 put option (atm) is trading at $3.65 + +intrinsic value of $462 option is like $24 + +mean while $438 option has intrinsic value of $0 + +that means $462 put option contract premium (extrinsic) is worth almost close to $0 mean while + +$438 option is like $3.65??????? + +why is $462 put deep itm option premium is worth basically almost nothing beside intrinsic value? why would any one sell option so cheap? + +right now iv is really high but deep itm option extrinsic premium is worth almost nothing mean while atm/otm is really expensive? + +why is that? and why would option sellers sell deep itm option contract for almost nothing? (other than intrinsic value) + +aren't you getting absolute bargain by buying deep itm option? + +shouldn't extrinsic value of deep itm option be worth much more because iv really high? + +how come high iv (and increasing) seem to only affect the price of atm/otm option premium price and not deep itm option? +Hey everyone, + +Let me give a little back story here. My company purchased a media company, who made some terrible decisions recently and are now in financial turmoil for an abundance of reasons. Our company has 401k benefits through fidelity where they match up to 6%. The plot twist is that they invest in their own stocks as if we were choosing it. When I created the 401k account we had no choice but to select how much of a % we wanted to put into each stock/bond. + +I would never choose to invest in this company because of their history and the stocks aren't really promising. They purchased a major media company and when that company financially fell over, it seems like we've had to face the cost of it through our 401ks. It almost feels like my money that I work hard to earn is being stolen. I guess my question here is, how do I get the best out of my 401k? Do I take it out entirely and move thwt money into the stock market since it's low? Do I put it in a savings account? I'm not quite sure here and would need guidance. I just want my money to actually work for itself and I want to put it into something that's going to benefit me rather than take it away. +**Short interest of GME = 3,000% - 10,000% with float in the billions.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +&#x200B; + +**Short interest of GME is 6000% with float at about 4.62 billion shares.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ + +&#x200B; + +**Public float is at least 1-7 billion:** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh_google_consumer_survey_results/ +60% of the 950 investors surveyed by Bloomberg consider a decrease in the price of [**Bitcoin**](https://swapzone.io/currencies/bitcoin?utm_source=reddit&utm_medium=social&utm_campaign=redditnews) **to $10,000 more likely.** + +The remaining 40% predict the recovery to $30,000. The survey shows how **bearish** the investors have become. + +Whose side are you on? + +*Source:* *bloomberg.com* + +https://preview.redd.it/e06f78m8oxa91.png?width=1400&format=png&auto=webp&s=336d52ceb3e1f51af1cf33a1d47b6f13c9e94aa0 +You know, the ones supposedly nobody wants to work? + +I keep applying for companies that say they're in desperate need, they're hiring fast, blah blah blah, but I haven't heard back from any aside from a single, solitary rejection email. + +And it's not like I'm applying for CEO, neurosurgeon, NASA engineer or things that I'm clearly not qualified for. I wasn't even applying for things that I'm somewhat questionably qualified to do, although I am now, purely out of desperation. I need a job like yesterday, so I'm sticking with what I've always done - retail, customer service, etc. The kind of shit they normally hire people right out of high school to do. Not one response. Not one. + +Yet every day I see another headline about all these jobs out there, or screenshots from bosses and managers complaining about how we're all twiddling our thumbs while they're severely understaffed, all these companies are jacking up their prices and making record profits because they can't get enough people to do the work...meanwhile I'm out here flailing my arms like a psycho, trying to get someone's attention, all with the hope of making a whopping $11 to $14 an hour. If that. + +No response. + +This is absolute BS. + +Edit: I really appreciate everyone offering to help, those who reached out with suggestions, and those who recognized the area I'm in and DM'd me with even more local suggestions and advice. I haven't been able to reply to everyone yet but I've got mad love for y'all ā¤ļø +I mean a lot of people focus on cost-cutting, investing, focusing on career to increase your net worth faster. + +When people talk about cost-cutting they all usually focus on things like cars, vacations, clothes etc. I am just amazed that I almost never see anyone taking into consideration how much staying healthy can save and how having health problems can cost. It can be a number one expense for some people. + +I am 24M and I am still young and don't have that many health problems yet. But as I am growing up, I notice some of my friends having certain small health issues. I have an obese friend who has spend 10s of thousands on his health problems. 2 other friends, including me have recently had some teeth problems. I also have a friend with inherited heart illnesses and he had do a lot of treatments. + +Now when I think about it, these things can be very very expensive. I myself now had to spend a lot of money for my teeth treatments recently. It ate a bit of my net worth and it was my biggest expense over last 3 years. If I had taken more care of it I would have saved these costs. Now this applies to every part of our body (heart, lungs, brain, skin, general fitness etc.). I really think there is a strong correlation between Health + General Fitness AND Net Worth by Age correlation. +I am trying to understand if resources like books or videos are helpful? Every other guru or mentor is sharing different views about the books & free resources. Some say, books are useless as all the info is too old & easily beaten by algos. +Some say, you should learn from books before diving deep into trading. +Kindly share the resource which actually helped you in learning & improving your trading or taking it to another level. +TIA +By this point we know the gatekeepers only show us what they want us to see. They havenā€™t given us one piece of truthful information since well before the sneeze, why on earth would that change now? + +As somebody else pointed out this move is about psychological anchoring. Theyā€™re throwing us a bone, admitting that there are synthetic shares out there, but theyā€™re putting a number out that they think they can survive from when their next manufactured ā€˜squeezeā€™ gets underway. + +Theyā€™ll have lots of shills who seem like real trustworthy dd writers waiting in the wings to try to ā€˜helpā€™ apes see the math of how many shares have been traded over a few days during the next ā€˜squeezeā€™ and theyā€™ll ā€˜estimateā€™ that almost all shares have been bought back. + +This is their play. You canā€™t tell me after all Iā€™ve seen that these powerful entities have no control over which numbers these gatekeepers present to us. + +Real number is in the billions of shares. Anyone who has watched them relentlessly short our precious day after day for nine months straight knows that in their bones. +This post is merely a collection of what I have understood over the last 30 years . I am by no means a qualified advisor . This is not investment advise . Think of it as the memoirs of someone who has travelled far and wide . + +I started investing in MF when I was a wee lad . We had US 64 , Magnum Multiplier , then UGS 2000 and 5000. There was only one ULIP , that was again a UTI product . There were no private insurers . + +The entire universe of MF was relatively simple . Like the choice between an ambassador or a Fiat , or if you were very adventurous a Mahindra Jeep + +Like all investors who started at that point in time I had US 64 , Magnum Multiplier , UGS 2000 and UGS 5000. The lions share was US64 + +That is till scam exposed the funny accounting in UTI and segregation of UTI into UTI and Special undertaking of UTI , called SUUTI. + +To cut a long story short: + +1. Institutions who had wind of what was happening , cut their losses and redeemed + +2. Retail investors like us were left holding the bag . + +3. Adding insult to injury , the splitting of UTI and SUUTI meant that repurchase of units was done at a lower cost . We had to sell at 12 and 10 , wiping off 30 % of our household savings . + +A young me , took it hard , it meant hardship for us , my father had taken it up on my insistence . + +We were investing in an institution set up by a special act of the parliament of India . Not a fly by night operator or a private entity . This was the will of the parliament + +https://indiankanoon.org/doc/179933/ + + +For those of you who are new here is an interesting little primer + +https://www.firstpost.com/business/suuti-money-belongs-to-uti-investors-and-not-to-the-government-1353335.html + + +There was only one beneficiary in this sordid episode . That is the government + +My first rule of investing was born that day . + + +I will not touch any unit or share issued by a Public sector undertaking or the government . + +In the event of something going south , the stability of the markets and the lining of state coffers are far more important than a retail investor . + +I have held fast to that rule until recently where I picked up a few thousand IRFC, then got rid of it simply because I canā€™t stand the sight of it in my statement. All I remember is my fathers face and his anger and the crack in trust that lasted well over two decades. We recovered in 4 years of hardship , but the the non monetary cost I paid was painful. + +Consequently if itā€™s a public sector entity that is selling a Mutual fund scheme , I will not invest in it . + +remember UTI was not a public sector company . It was an institution bought into existence by a direct act of the parliament , the same way LIC and SBI were created . + +It also led me to move away from UCO bank and SBI to HDFC bank and HSBC . + +The move away to HDFC Bank and HSBC is what also resulted me in buying HDFCbank at various prices ranging between 50- 700 rupees. I would never step into a public sector bank again . + +Edit : Part II is up https://www.reddit.com/r/IndiaInvestments/comments/q3a5m6/p018_my_own_approach_to_mf_ii/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I have noticed a lot of people in this subreddit are interested in investing in US Stock. This might be helpful. + +INDwealth is founded by Ashish Kashyap (founder of GoIbibo) and has raised $45M in funding. They recently added the feature of investing in US stocks in their mobile app. They have partnered with DriveWealth (same company that Vested has partnered with) to allow Indians to invest in US stocks. + + +**Regarding the fees, it says:** Create a FREE account and Invest in any stock at an introductory brokerage of 5 cents per share (\~ Rs 4). No other hidden charges or taxes. + +**Regarding taxes, they say:** No tax deducted at source (TDS) for your stock market gains in the US. A TDS is only deducted on your dividend earnings at 25%. This is when stocks in your portfolio give out dividends to the investors. To avoid double taxation of dividends a form W-8BEN will be filled by us in accordance with Double Taxation Avoidance Agreement (DTAA) among U.S. and India. +I have noticed a lot of people in this subreddit are interested in investing in US Stock. This might be helpful. + +INDwealth is founded by Ashish Kashyap (founder of GoIbibo) and has raised $45M in funding. They recently added the feature of investing in US stocks in their mobile app. They have partnered with DriveWealth (same company that Vested has partnered with) to allow Indians to invest in US stocks. + + +**Regarding the fees, it says:** Create a FREE account and Invest in any stock at an introductory brokerage of 5 cents per share (\~ Rs 4). No other hidden charges or taxes. + +**Regarding taxes, they say:** No tax deducted at source (TDS) for your stock market gains in the US. A TDS is only deducted on your dividend earnings at 25%. This is when stocks in your portfolio give out dividends to the investors. To avoid double taxation of dividends a form W-8BEN will be filled by us in accordance with Double Taxation Avoidance Agreement (DTAA) among U.S. and India. +This post is merely a collection of what I have understood over the last 30 years . I am by no means a qualified advisor . This is not investment advise . Think of it as the memoirs of someone who has travelled far and wide . + +I started investing in MF when I was a wee lad . We had US 64 , Magnum Multiplier , then UGS 2000 and 5000. There was only one ULIP , that was again a UTI product . There were no private insurers . + +The entire universe of MF was relatively simple . Like the choice between an ambassador or a Fiat , or if you were very adventurous a Mahindra Jeep + +Like all investors who started at that point in time I had US 64 , Magnum Multiplier , UGS 2000 and UGS 5000. The lions share was US64 + +That is till scam exposed the funny accounting in UTI and segregation of UTI into UTI and Special undertaking of UTI , called SUUTI. + +To cut a long story short: + +1. Institutions who had wind of what was happening , cut their losses and redeemed + +2. Retail investors like us were left holding the bag . + +3. Adding insult to injury , the splitting of UTI and SUUTI meant that repurchase of units was done at a lower cost . We had to sell at 12 and 10 , wiping off 30 % of our household savings . + +A young me , took it hard , it meant hardship for us , my father had taken it up on my insistence . + +We were investing in an institution set up by a special act of the parliament of India . Not a fly by night operator or a private entity . This was the will of the parliament + +https://indiankanoon.org/doc/179933/ + + +For those of you who are new here is an interesting little primer + +https://www.firstpost.com/business/suuti-money-belongs-to-uti-investors-and-not-to-the-government-1353335.html + + +There was only one beneficiary in this sordid episode . That is the government + +My first rule of investing was born that day . + + +I will not touch any unit or share issued by a Public sector undertaking or the government . + +In the event of something going south , the stability of the markets and the lining of state coffers are far more important than a retail investor . + +I have held fast to that rule until recently where I picked up a few thousand IRFC, then got rid of it simply because I canā€™t stand the sight of it in my statement. All I remember is my fathers face and his anger and the crack in trust that lasted well over two decades. We recovered in 4 years of hardship , but the the non monetary cost I paid was painful. + +Consequently if itā€™s a public sector entity that is selling a Mutual fund scheme , I will not invest in it . + +remember UTI was not a public sector company . It was an institution bought into existence by a direct act of the parliament , the same way LIC and SBI were created . + +It also led me to move away from UCO bank and SBI to HDFC bank and HSBC . + +The move away to HDFC Bank and HSBC is what also resulted me in buying HDFCbank at various prices ranging between 50- 700 rupees. I would never step into a public sector bank again . + +Edit : Part II is up https://www.reddit.com/r/IndiaInvestments/comments/q3a5m6/p018_my_own_approach_to_mf_ii/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +While I was studying for my Finance 101 course I came to the realization that when Melvin Capital had GME at 4$, most likely their risk models made it look like it was a sure bet to drive GameStop to bankruptcy. Not only did they not account for the tsunami of smooth-brains YOLOing FD's, (spearheaded by big dick big brain ape kings like DFV) they're going bankrupt for it. + +From this day forth, every hedgefund (especially ones that short) will have to account for the Retard Factor ā„¢. There will always be the risk of the Robinhood Autists taking their Little Johns to tendietown! + +I for one can't wait to see it in retard Jr's finance textbook in the future. + +Positions: 270 Shares @ 14.48 +Two years ago I was 22 with no education, barely graduated HS and was working a shitty job making $7.25 an hour. I was browsing Reddit one day and came across this sub. I became obsessed. I saw the beauty of compounded interest and realized how it was feasible to retire early, but not by making 7.25 an hour. I was able to invest in myself and got lucky getting a job making $30 an hour. Wanted a degree in finance, so I joined the National Guard for free college and that's what I'm pursuing right now. Thank you all so much for the knowledge, you've had such a positive impact on my life. + +Edit: thank you so much for the gold! +Zillow owns FIVE properties in the same neighborhood. If you check then out, they are listed way below their purchase priceā€¦ how is this sustainable? Whatā€™s going on? + +https://www.zillow.com/homedetails/40243-Sagewood-Dr-Palm-Desert-CA-92260/18073908_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare + +Edit: This Justin Tye dude has many of these listings. Must be nice! + +Edit 2: another Zillow post blew up + +https://www.reddit.com/r/WhitePeopleTwitter/comments/puri9x/this_shouldnt_be_happening/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +WenMoon launched a week ago and its amazing to see the progress being made already. No doubt about it, this has the most potential of any new crypto launched in recent memory. + +One week is not a long time but let's break down the progress that has been made. + +WenMoon has chosen to adapt to the market in and are in talks with developer to **create the first Dapp** **powered by WenMoon.** When this is completed it will be a HUGE win for investors. This will give WenMoon what it needs to be listed on the prominent exchange markets. + +The team has announced a **nation wide advertisement campaign** that has already begun to launch. They hope this will attract new investors who are not as familiar with the crypto space as well as those who are. + +WenMoon will be starting their own **"Astronaut Program"**. This will be a charitable donation program that helps kids learn about investing early on so that they are better equipped to make better financial decisions early o, + +The project started as an idea to give back to investors trough a 15% redistribution rate that would reward investors for holding, thus allowing for better growth. That 15% is now **$150k a day** being given back to investors. Hold to make money. Easy gains. + +This is an exciting investment opportunity that almost **3000 people** have already figured out, however it is still incredibly early to get in. Bigger market cap cryptos have hundreds of thousands of holders and this one is on pace to be the next one. I'll leave some links for you to decide yourself. + +Telegram Chat: [https://t.me/WenMoonTelegram](https://t.me/WenMoonTelegram) + +Website with info: [https://wenmoon.space](https://wenmoon.space/) + +Listed on pancakeSwap[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797) Use 5% Slippage and make ending digits end in 000's (Ex. 500000, do not do 5130942) + +Don't forget to pack your moon boots šŸš€ +So as the title states, I'm in a real bad situation at the moment. + +The fines started in march and I've been working down there pretty much every day Monday to Friday. + +I've just paid a recovery agency (cdar) over Ā£800 for some that obviously went to the recovery stage. + +During the time of the charges, I was going through a lot of depression/anxiety mainly money related. I'm a self employed auto electrician and the guy who I subcontract through took my work van off me which was ulez compliant and I had to use my own van. I had to go to work to be able to carry on paying off my loans (one of them being a business loan that I had to take during lockdown as I wasn't self employed for long enough to receive the grants) and help my mum fund the house we live in. + +I was also dealing with a bad breakup and my personal van needed a new engine which is why I'm now skint. + +A lot of the charges are at an increased rate some of them are Ā£240, some are at Ā£160 and the rest are at Ā£80. + +I shouldn't have let it build up but my anxiety was that bad around anything financial that when I got home on a Friday night I just tried to shut it out, because I knew I couldn't pay Ā£62.50pw + fuel, + hotel &food at that time and it's left me worse off of course. šŸ¤¦šŸ¼ā€ā™‚ļø + +Is there anyone I can speak to to try and get the higher fines down to a more reasonable rate? The woman on the phone said you can pay it over a maximum of 12 months but obviously that is going to be over Ā£400pm that I simply don't think I have right now. + +I understand that I've done wrong, so please don't be too harsh in the comments. I just don't understand how Ā£12.50 charge can turn into Ā£249. Especially at a time that we live in these days you'd like to think they would be a little more considerate. + +The worst part is, since my engine has been changed, it's now petrol and should be ulez compliant, but the paperwork is that crappy to get through to even get the logbook changed and get the ok off TFL I wouldn't be surprised if it hasn't even been looked at yet. +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/ywAGqfUAQE) +Leave the politics out of this discussion, we're just talking about the impact on markets. + +The narrative yesterday was that stocks fell on fears of substantially higher capital gains tax on incomes over $1M annually. Certainly, that makes stocks a less attractive investment for high income investors because it hurts their risk/return profile. But, if they're selling stocks to move assets elsewhere, that creates an opportunity for the rest of us, right? + +After all, the expected future free cash flows of the underlying businesses haven't changed, right? So if valuations are unchanged, but prices are lower, that is a buying opportunity. Perhaps one could argue that the lower investment incentive (for high earners) could hurt the economy as a whole? And thus that mechanism is weighing on stocks and actually hurting business valuations? That's a little different narrative than the one we're hearing right now though. + +I realize a 1% drop is pretty trivial, but if the Biden plan moves forward and looks like it will pass (or does pass), we could see more price movement on the same fears. My theoretical question is, will that present a buying opportunity for everyone who WON'T be subject to the higher capital gains rate? +Source: [Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/govt-asks-sbi-to-form-consortium-to-buy-stake-in-yes-bank/articleshow/74486944.cms) +Reading through some of the posts on this subreddit I see a lot of income levels that I'm not sure I'll ever be able to get to...I'm wondering what industry people here work in, and what kind of paths you took to get to where you're at today. For reference I work in cybersecurity +Because of your shady business tactics and a huge error explained with, "someone hit the wrong button," you managed to reignite the DRS drive, so thank you I guess. Now, I plan on DRS'sing 100% percent of my shares. Thank you for inspiring me to go all in, and keep accidentally hitting those buttons whomever you are. + +&#x200B; + +Edit: Thank you for the award(s). Whoever you are. + +Double edit: Just got off the phone with Fudelity and DRS'ed 100%. Sorry it took so long Silverbacks. +I agreed to a 35k retention bonus (25k net) thatā€™s getting paid out soon. The terms are I have to stay with my company until June 2023. If I leave, I have to pay it back in full. + +Iā€™m debt free other than my house. Iā€™m 26 years old. + +I donā€™t want to be risky with this bonus and spend it all, but i also donā€™t want to have it losing value sitting in a bank account. What should I do with this large sum of money? +Ticker $O + +Was assigned in June at $65/share adj cost basis $63.84. Waited a while and sold an 8/19 70cc in late July for $2.15, collected the dividend and then had my shares called away for max profit at expiry. The icing on the cake is the underlying promptly plummeted almost immediately after assignment. + +&#x200B; + +https://preview.redd.it/nmit6etsswo91.jpg?width=1438&format=pjpg&auto=webp&s=993c6b33cf15327889e1161d7fdb062953b2d365 +I've been watching this thing for a while now, and while I'm not usually the kind to post on reddit, I thought this is the time to get something going. + +I'm talking about **BINGUS**. + +Looking at the chart I think we are in a great position for some major moonshot material, especially when compared with other coins/tokens that had a similar action so far. + +**Chart is one thing but what is there to back it up ?** + +Well for one, the team is extremely active, constantly finding new ways to promote their project. In fact they've done some stuff I've never even seen before ! Partenering up with people that have **enormous reach,** well beyond the cryptosphere !? Sign me up ! So far they've got the support of [**Rocky Kanaka**](https://twitter.com/BingusToken/status/1383162363306725378) and [**Bbno$**](https://imgur.com/a/5jnDXIG)**,** no less, and I heard they're working on stuff even bigger than that. And Bbno$ even made a short [**BINGUS TRACK**](https://soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) !!!! + +**That alone is a major signal to me.** + +But beyond that, there's other things that to me prove without a doubt the insane potential of this project: The [**telegram**](https://t.me/bingustoken2official), which you should check out even if you don't plan on buying in, is easily one of the **coolest crypto-community I have seen so far**. There's always someone to answer, there's always something going on, and the vibe is always good, even now that the price is lower ! It's pure joy to just talk there. + +And the low price is maybe one of the best parts of this whole thing. The entry price right now is almost too good ! It's not gonna last for long, and that alone in my opinion is almost GUARANTEEING an easy 10x from here, and **A VERY REALISTIC 100x** in the near future ! + +Add to all this the Low MCap, **fully doxxed owner, locked liquidities, thousands of dollars of donations already made and tens of thousands of donation planned**, the pretty **revolutionary voting system** in place, which allows the community to vote for their favorite shelter all the while helping with liquidity. + +**Anyway I feel it's been enough talk, here comes the part that will immediately scroll to if they don't read none of the above:** + +**Holders:** 2768 + +**MCap:** 1.8M + +**WEBSITE :** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**Locked liq (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) + +*DISCLAIMER: I am financially invested in Bingus but this is no financial advice, DYOR, I think it will definitely convince you on its own !* +You put it on the front page and everybody will get rainbow dicks. + +For those of you that don't know, rainbow dicks summon the gains, just in time for Christmas. Imagine rolling into Zaxby's with tens of dollars because you voted for this post and unleashed the only edge this sub has. The rainbow dicks were what put us on the map with Fortune, WSJ, and all the big investment banks. Do what's right. +