diff --git "a/reddit_finance_43_250k_110.txt" "b/reddit_finance_43_250k_110.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_110.txt" @@ -0,0 +1,10000 @@ + +Either way, MOASS is inevitable and no one is fucking leaving until the financial terrorists are in jail and we see the biggest wealth transfer in history, except the opposite way this time. + +It’s time to take it ALL back. +>GameStop disclosed on April 5, 2021 that it had filed a prospectus supplement with the U.S. Securities and Exchange Commission to offer and sell up to a maximum of 3,500,000 shares of its common stock from time to time through the ATM Offering. The Company ultimately sold 3,500,000 shares of common stock and generated aggregate gross proceeds before commissions and offering expenses of approximately $551,000,000. Net proceeds will be used to continue accelerating GameStop’s transformation as well as for general corporate purposes and further strengthening the Company’s balance sheet. + +This is amazing news. GME sold 3.5 mil shares at ~$157 to raise 550 mil. The company has zero debt and now has signicant money to fund their transformation moving forward. Stock is currently up 12% in AH, reaching $190. GME is now primed for another run and the highly anticipated short squeeze is that much closer to reality. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program) +My 75-year-old mother-in-law has $1 million in her IRA and is quite happy with her financial advisor at LPL Financial, who has her invested in more than 30 different mutual funds and ETFs. + +I took a look at her quarterly financial statement and it literally made my eye start to twitch. + +I couldn't even put the whole thing in portfolio visualizer because you can only compare 30 funds max. + +Here is her investment "mix," each of which has like 3-4% of her total portfolio in it: + +OSCYX +USMV +VNLA +GOGIX +LSGRX +MGOIX +MEIIX +OAKIX +PEIIX +TMCPX +ACGYX +AGDYX +GHQYX +SHOYX +SBLYX +OIIEX +OISVX +OISGX +OILVX +OILGX +OIFIX +GHQYX +SBLYX +SPLV +XMLV +EEMV +EFAV +SMMU +USMV +LDCFX +LGLV +WCMGX +EPS +EZM + +For someone like me who is 100% invested in VTSAX and is an adherent of JL Collins and "The Simple path to Wealth" this portfolio screams "Dazzle them with complete bullshit!" + +Is a portfolio like this common when you sign up with a financial advisor or is this as batshit crazy as it seems to me? + +For the funds I could run through portfolio visualizer this pathetically underperformed VTSAX. Why would you pay somebody to do this with your retirement savings? +Hi Friends, + +What is your strategy with deciding to purchase more homes, or paying off mortgages for homes you already own. I would love to hear from ya'll and how you have done both and/or one of of the strategies above. + +I'm also diversifying (Betterment saving and investing), and from what i'm reading you get better returns putting money towards the market long term, than the money you save on avoided interest paying off mortgages. However, if these are investment homes i believe paying off the mortgage can be a good thing unlike paying off your primary residence mortgage. + +Hope i make sense in what i'm asking. + +Thanks! +I was lucky enough to sell my business last year, which has been an odd feeling of HNW now vs high income generating before the acquisition. + +Historically I was a big follower of dollar-cost averaging into VOO/VTI types of indexes. Now though, I'd like to shift strategies and become more focused on preservation and reduce risk. The expectation would be 3-5% returns vs 8-10% and retire. Because of this, it would appear that fixed-income investments are more important than the equity market. + +This got me thinking about utilizing a wealth manager who knows more about fixed income heavy investments. Essentially, I don't know shit about investing in the market other than basic indexes which have been great the past 15yrs. + +The con, of course, is the extra .5-6% fee + everyone here seems to think it's not worth it when using indexes. + +Has anyone experienced similar while looking for a diversified portfolio and wanting to hire a wealth manager focused on preservation? + +PS - The reason why I put $10m+ NW, is not to be a dick, but the sentiments are different as liquidity gets higher, especially with windfalls. +This morning on What’s News, a lot of economic research conclusions were mentioned and I was wondering if anyone could help me find the papers. + +1. That free/discounted community college did not provide economic benefit as many students dropped out. + +2. Child care subsidies did not increase single parent employment or wages. + +3. Paid family leave implemented in California did not increase employment or wages. + +Thank you! + +Transcript: + +https://www.wsj.com/podcasts/whats-news/why-spending-35-trillion-may-not-boost-growth/04926287-392b-4c81-8065-03c705efbaa1 +Lately, I started to stare at my phone more than usual due to recent spike in cryptocurrency volatile market. You know how it goes when market is pumping. I started to learn or maybe even repeat some things that I know about cryptos, blockchain, TA... + +My wife started to have feelings that I’m cheating on her. The suspicion was building up. She was trying to see what I’m doing on my phone most of the day, why I was hiding the screen from her. You know, I followed the most crucial commandment of crypto. Don’t disclose that you’re invested in crypto. + +Few days passed, I got little bit drunk and went to sleep. My wife realised it and researched my phone! Oh boy, that was definitely good morning. She started to scream at me, that I’m fucking narcotic, that now she knows from where i was getting all the money. She told me that she knows about my addiction to **Bitocin** and how I’m buying it low selling it high. She knows everything. + +Recent search history: “best place to store Bitocin”, “where to hide keys to your Trezor”, “where to buy Bitocin”, “how to sell Bitocin”. “How to fuck your cousin...” fuck thats different story. + +Moral of the story, clear your cookies and cache, delete the browse history. You don’t want your wife to know that you’re addicted to Bitocin. +Lately, I started to stare at my phone more than usual due to recent spike in cryptocurrency volatile market. You know how it goes when market is pumping. I started to learn or maybe even repeat some things that I know about cryptos, blockchain, TA... + +My wife started to have feelings that I’m cheating on her. The suspicion was building up. She was trying to see what I’m doing on my phone most of the day, why I was hiding the screen from her. You know, I followed the most crucial commandment of crypto. Don’t disclose that you’re invested in crypto. + +Few days passed, I got little bit drunk and went to sleep. My wife realised it and researched my phone! Oh boy, that was definitely good morning. She started to scream at me, that I’m fucking narcotic, that now she knows from where i was getting all the money. She told me that she knows about my addiction to **Bitocin** and how I’m buying it low selling it high. She knows everything. + +Recent search history: “best place to store Bitocin”, “where to hide keys to your Trezor”, “where to buy Bitocin”, “how to sell Bitocin”. “How to fuck your cousin...” fuck thats different story. + +Moral of the story, clear your cookies and cache, delete the browse history. You don’t want your wife to know that you’re addicted to Bitocin. +I'll give more clarification. Yes, the Korean government is currently only banning credit-granting activities, AKA margin trading within the exchanges. There is no proof or evidence saying that it will ban it entirely, yet. + +According to Joongang (one Korea's largest news outlets) they state that, "there is no regulation on individual investors' investment behavior within the ICO ban." It is possible for domestic investors to participate in ICOs conducted by FOREIGN companies." + +Participation is a different story. Banning it entirely, which is China's case would be devastating. + +This is not confirmed, but in the long run, Korea might come down to only heavy regulation, only. The complete ban of ICOs will hinder technological development within Korea. There would be no way it would be completely banned. + +CALM DOWN! + +Edit 1: SOURCE: http://news.joins.com/article/21983687 + +Edit 2: https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html <- Fake news. Don't believe this. Confirmed this is absolutely BS. The head title is even more astonishingly BS. + +Edit 3: https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-bans-raising-money-through-initial-coin-offerings-idUSKCN1C408N <- wrong again, on so many different levels. Korea has only banned local ICOs, which has no similarities to China's full ban on trading within exchanges. Korea will continue to trade. Regulations will follow, but this was a much needed step for Korea in general. + +Edit 4: Hey everyone, no more news for the time being. Also, please be aware, Korea is on a week holiday until the 10th of October KST, and includes all of the Government. Also wanted to say that Upbit just messaged me saying that they will be up and running in the month of October! Government is just doing their usual business and market manipulation. Don't take this as a hard hit, looks like it's a no biggy. And screw all media outlets with title click baits, especially CNBC and Reuters. They are re-editing their stories like their is no tomorrow. +Since my first post that was almost 11 weeks ago raising concerns about the “upcoming” dapps on Cardano, there have been no news on this. + +I was not only personally insulted in PMs, called a FUDer and an liar by the vast majority of Cardano holders, but was also told that Cardano dapps would be running 1 week after Alonzo Fork and dexes like Sudaeswap and ERGO would be fully functional any “moment” after the Alonzo Fork. + +So, are there any news about that?? Did the concurrency problem get resolved? If yes, why are there no functioning dexes on Cardano yet? Can someone from the Cardano community enlighten us please? +Multinational Corporations(MNC’s) have been immense wealth creators for shareholders over the past couple of decades. Focus on R&D, capital allocation and execution and more importantly a very strong corporate governance has resulted in MNC’s getting very high valuations. So how do the parent companies fare vis-a-vis their Indian subsidaries ? + +Lets start with comparing some of the valuations across the years of some major MNC’s with their holding companies and with other emerging market subsidaries of those holding companies + +Hindustan Unilever v/s Unilever PLC + + +The parent company Unilever PLC has a market cap of 122.41 billion GBP translating to around 11,87,377 crores. The company trades at around a 20.42 PE and a 2.63 market cap to sales ratio and the company has a return to equity of around 40 percent. The company has given a 6.1% CAGR return over the past 10 years in GBP and a return of 9.6% in INR. Unilever PLC holds a 47.43 % stake but along with other subsidiaries the total promoter holding is 61.90 % up from 52.01 percent. Unilever group companies hold shares worth of HUL of current value of 3,04,657 crores or around 25.65 % of the entire business up from around 37,376 crores or 10.36 % of the entire business. + +Hindustan Unilever has a market cap of 4,92,032 crores. The stock trades at a PE of 67.6 and a market cap to sales ratio of around 11.8 and the company has a return on equity of around 85.7 percent. The company has given around a 20 percent CAGR return over the previous 10 years. Hindustan Unilever’s market cap is around 41.4 % of the parent companies market cap up from 20.8 % in 2010. + +Comparing HUL’s valuation metrics with other emerging market subsidaries of Unilever PLC – + +Indonesia is the closest emerging market subsidary which is listed, I have also added valuation of Pakistan subsidary for a reference point. + +HUL v/s PT Unilever Indonesia TBK v/s Unilever Pakistan Foods Limited + +PE ratio – 67.7 / 42.6 / 23.43 + +Return on Equity – 85.7% / 109.5% / 163.6% + +Market Cap to Sales – 11.8 / 6.53 / 5.28 + +Hindustan Unilever’s valuation metrics are much higher than any of the comparables even when comparing it with other Emerging Markets group companies. However, the company does have a solid track record of top and bottomline growth for a rather long time. I would be skeptical for current valuations holding on for the next decade but that could be a personal bias since I don’t believe the stock to trade at current valuations in the future. + +Simulating last decadal returns for the next 10 years would mean that HUL and Unilever PLC will both have a market cap of HUL and Unilever PLC of around 30,00,000 crores by 2030 an incredibly unlikely scenario. One may take this information whatever way you can, but if one has firm convictions it is very likely that Unilever PLC should grow much higher than its 10 year historically average, if HUL can deliver some returns. However base case scenario I believe is going to be that HUL has no room for valuation expansion with some room for valuation de rating, returns of HUL will come directly from its operating top and bottom line expansion. + +Maruti Suzuki v/s Suzuki Corporation + +The parent company Suzuki Corporation has a market cap of 2.43 trillion JPY translating to around 1,77,550 crores. The company trades at around a 24.79 PE and a 0.73 market cap to sales ratio and the company has a return to equity of around 10.6%. The company has given a 8.8% CAGR return over the past 10 years in JPY and 11.5% CAGR return in INR. Suzuki Corporation holds a 56.37% stake in Maruti Suzuki up from 54.21% 10 years ago. Suzuki Corporation holds shares worth 117264 crores or around 66.24% of the entire business up from around 25397 crores or 47.5% of the entire business. + +Maruti Suzuki has a market cap of 2,08,665 crores. The stock trades at a PE of 52.5 and a market cap to sales ratio of around 3.38 and the company has a return on equity of around 6.79%. The company has given around a 17% CAGR return over the previous 10 years. Maruti Suzuki’s market cap is around 120% of the parent companies market cap up from 87.6% in 2010. + +I could not find any data for other listed subsidaries except the Pakistan subsdiary – Pakistan Suzuki Motor Company Limited which  is a heavy loss making company and I do not believe the comparables to be comparable. + +While valuation metrics are a bit haywire due to covid impact and cyclical nature of the business, Suzuki Corporation seems to be a better value buy since the value of the parent company somehow is lower than its Indian subsidiary. Basically what it means is that for 1,77,550 crores you get the Indian subsidiary worth around 1,17,264 crores and for the balance net 60,286 crores you get 33 additional production facilities in 22 countries, the technical know-how and presence in 192 countries. I believe Suzuki Corporation should replicate and surpass how Maruti Suzuki performs. An additional trigger could be a similar execution of utter dominance by Maruti Suzuki in the consumer vehicle in any of the countries where Suzuki Corporation operates in. + +Nestle India v/s Nestle S.A + +The parent company Nestle S.A. has a market cap of 305.56 billion CHF translating to around 24,95,203 crores. The company trades at around a 22.65 PE and a 3.30 market cap to sales ratio and the company has a return to equity of around 28.7%. The company has given a 6.7% CAGR return over the past 10 years in CHF Terms, and 13.52% in INR terms. Nestle SA directly holds a 34.28 % stake in Nestle India and indirectly holds a 62.76%. Nestle S.A. directly holds shares worth 55,257 crores or around 2.21% of the entire business up from around 11,290 crores or 1.61% of the entire business. + +Nestle India has a market cap of 1,61,994 crores. The stock trades at a PE of 77.8, a market cap to sales ratio of around 12.3 and the company has a return on equity of around 70.3%. The company has given around a 16% CAGR return over the last 10 years. Nestle India’s market cap is around 6.49% of the parent companies market cap up from 4.69% in 2010. + +Comparing Nestle India valuation metrics with other emerging market subsidaries of Nestle S.A.- + +Nestle India v/s Nestle Malaysia v/s Nestle Nigeria PLC + +PE ratio – 77.8 / 59.34 / 28.19 + +Return on Equity – 70.3% / 85.4% / 83% + +Market Cap to Sales – 12.3 / 5.64 / 3.74 + +Nestle S.A. is the largest food company in the world, Nestle India is just a very tiny part of the parent corporation. While both companies have given terrific returns over the last 10 years in INR terms it needs to be seen whether the same performance can be replicated over the next 10 years because of a much higher base. The same common theme of Indian subsidiaries having the highest multiples is a bit concerning, though Nestle India has grown at a solid rate but the price to earning multiples look stretched even by Nestle India standards, any return is more likely to come from top and bottomline expansion rather than a PE expansion. +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, it’s time for some game theory. For real! Let’s talk about the conflicts-of-interest at the heart of nearly all equity and option order routing today – rebates and payments. These inducements (that’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 Fidelity’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 – 30 mils on Fidelity’s routing to NYSE and Nasdaq – 1 mil is $0.0001, so that’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 – executing in a broker’s dark pool that is routing your order means the broker doesn’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 isn’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 – 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 – aren’t access fees capped at 30 mils by Reg NMS? + +Yes they are, and I’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 they’ve got funding – they’ve raised $135M! So they can keep operating at a loss, and attracting order flow by paying the biggest kickbacks to brokers. + +I’m talking about this for two reasons. First, it’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, it’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. +I was furloughed back in May and have been unemployed ever since. I've lived with various family a lot over the past few years, so I was able to save a lot by not paying rent. Those savings sure go fast with rent to pay, though. The extra $200 a month is going to help what little savings I have left stretch that much further while I keep looking for work and scrounge up enough gig work to hopefully help the savings stretch more. + +I went to the grocery store yesterday and it was the first time in three months I've been able to grocery shop without being stressed about the ensuing credit card bill the entire time. I've been lucky enough to never be on any kind of public assistance before and I just can't believe especially now times have to get so tough before any help is given. +*GME hits $1000 in a day* + +"OH SHIT MOASS TIME??? Fuck yeah!!!! I am so ready to be rich" + + +*GME hits $10,000* + +"Hoooooollyy fuck, with my shares that is my years worth salary!!!! I could take that right now and be on vacation!!... No, no, I can't do that I need to hold for my fellow apes....To the Moon baby!!!" + + +*GME hits $100,000* + +"😨😍😍😍😍🤤🤤🤤🤤🤤‼️‼️‼️🍆💦‼️‼️💎🙌🏼🚀🚀🚀🚀🌕😨😍😍😍😍🤤🤤🤤🤤🤤‼️‼️‼️🍆💦‼️‼️💎🙌🏼🚀🚀🚀🚀🌕" + + +*GME drops to $70,000* + +"Oh fuck, oh fuck, it's going down ... wait, the apes told me this would happen! Hold strong!" + + +*GME drops again to $50,000* + +"Uhhh this is getting low, when moon??? Is this thing really going to 10mil?" + + +*GME goes up to $150,000* + +"YESSS LETS GO BABY MOON SOOOON" + + +*GME drops to $125,000* + +"Uhh..." + + +*GME jumps up to $200,000* + +"MOOOOOMMMM GET THE CAMERA AAAAAAAAAAHHHHHHHHH" + + +*GME drops to $110,000* + +"..." + + +*GME jumps to $190,000* + +*panicking now* "Shit shit shit is this really happening, I don't know, fuck what do I do, is it going to go down again, I don't know, Shit reddit is down, what do I do!!!" + + +*GME drops to $150,000* + +"😰😰😰😰😰😰😰😰" + + +*GME jumps to $250,000* + +Now you are sweating and you haven't ate right in days. Your stomach hurts and your dizzy from the stress. + +"... Fuck... fuck, what do I do... It's going to drop again, it has to. Will this really moon??? Do I really believe in the MOASS? Shit, I don't know... Maybe I should sell some shares now so when it drops I can buy more... No, I can't, my fellow apes need me!" + + +*GME drops to $175,000* + +"Fuck this I'm selling, I'm not losing this chance for years salary there is no way it can go up to 10mil" + + +*GME skyrockets to $500,000* + +"Fuck" + + +*$1,000,000* + +"FUCK" + + +*$10,000,000* + +"FFFFFFFFFFFFFFFFUUUUUUUUUUUUCCCCCCCCKKKKKKKKKKKKKK!!!!!!!!!!!!!" + + + +No tendies for you. + + + +**TL'DR** : Trust the DD. But also remember that you are a retarded Earth ape that is largely moved by emotions rather then logic. You will feel ALL SORTS of feelings when the rocket is taking off. Do not be fooled by dips. Do not be fooled by your own mind. Do not be fooled by the absolute avalanche of FUD that will hit us right as the MOASS begins. Always remember no matter what, when it gets as high as any of these numbers... we win. +Hey Superstonk, it’s Robbie! + +Got a couple of big announcements that I wanted to share with you all: + +**1. The Superstonk takeover of the ImmutableX subreddit starts today** + +ImmutableX is throwing a week-long takeover party to celebrate the GameStop Marketplace launch and the IMX and Gamestop community coming together! + +We want to see your best content submissions from memes to theories on why IMX will win web3 gaming, theories, art, reactions, and more. At the end of the week, I’ll react to some of the best submissions throughout this event and you might receive a special flair on our subreddit! + +I’ll also be hosting an AMA over there on Sun. 13th of November at 3pm (PDT) to wrap things up. + +https://preview.redd.it/luk4xld67ny91.png?width=1014&format=png&auto=webp&s=1c5ff6177386d6d04716dddcae637098ff57a73f + +For more details on the event, head over to ImmutableX, join our community, and read the pinned post to get started. See you there! + +**2.** **GameStop marketplace launch hit \~$5 million in Total Trade Volume in just a week. We also hit over $1M within 24 hours over the weekend.** + +[**https://twitter.com/Immutable/status/1589711333087662081**](https://twitter.com/Immutable/status/1589711333087662081) + +&#x200B; + +https://preview.redd.it/u0w8x7rc7ny91.png?width=1086&format=png&auto=webp&s=a53eca3f1af2b65a94f6121d0235ac1a44d02feb + +&#x200B; + +https://preview.redd.it/15ugw5le7ny91.png?width=1050&format=png&auto=webp&s=2d10fae1da634f8c366c407aaca33f9154ce625e + +We’re seeing insane stats on the marketplace, and it’s barely been a week. Super bullish signal for web3 gaming as a whole - players are finally ready to discover what digital ownership truly means. + +For now, go and join the party over at the ImmutableX subreddit! + +\- Robbie +Ive been in the marketing realm (SEO) for 8 years now. In January, I lost my job. +I qualified for unemployment and went from making $4100/month to ‘making’ $1700 month on unemployment. + +I have downsized everything I can think of. Canceled ATT ($122/month) for Mint Mobile ($20 for 3 months promo, then switches to like $30/month.) +Switched car insurance from Geico to Root ($97/month to $61/month for the same coverage) + +I can’t pull my daughter from daycare ($650/month, I pay half) because they also take her to and from kindergarten, and while I’m employed it’s impossible for me to leave and take her/pick her up (kindergarten is only 3 hours and I work a 9-5. This day care is incredible and also way less than most in the area. It’s got a massive wait list and she’s been going there since she was 1.5, she’s now 6.) + +My car needs work (rotor and barring replacement) that I can’t currently afford. And I am taking public transportation even though it’s usually 2+ miles walking minimum because I can’t drive my car. + +My credit is frozen. There were 2 maxed out credit cards in collections ($7k and $4k) way above their limits and my credit went from 655 to 481. I do not have any credit cards but these did have my name on them and an address I used 2-3 years ago. I can’t open any credit cards while this is resolved. I have filed a police report but this just adds one more layer of financial mess. + +I know I interview well. I have had potential employers tell me they’ve never even interviewed someone ‘of my caliber’ for the position they have open, that they will ‘call me Monday for a final interview’ and then ghost. That’s happened three times. I will reach out, and these employers who have been blowing up my phone are suddenly gone. I finally got a hold of one of them and they said my former employer contacted them and said I stormed out, threw things, and took off ‘over 30 days of work, unexcused.’ None is that is even remotely true. My being let go was a shock to me as I’d never even been written up, but the company was going through financial hardship and I was the newest team member who also was salaries unlike my employees. (They combined some teams to save money.) I had taken off a total of 3 days in 9 months, all but one were approved in advance. (Emergency illness which they made me prove my daughter was at the doctor, which I did prove, which was odd to me. I had 10 days of PTO accrued that I never touched.) + +I pay $1100/rent, $450/car (paid off in 9 months) and spend $100/month in groceries. I have a personal loan that is paid off in 4 months that’s $190/month that can’t be set out, I’ve asked. I spend next to nothing outside of that. I’ve sold most of my nice clothes (except for 3 professional interview outfits.) + +What can I do? Should I just remove that employer from my experience altogether? Is there something else I even can cut back on? I made my rent in 2 payments in February and they said it would be a $50 fee (over the phone) but it ended up being $400 late fee! I don’t have any savings. I don’t have any credit cards. In February my boyfriend was kind enough to make my car payment. I’m applying to jobs like crazy but now that I know why I’ve been ghosted.. I just don’t know what to do. I’ve never been unemployed before and It’s really starting to impact me mentally. Ill continue looking for jobs of course and I miss working. But this is just insane. I need to stay afloat and $1700 a month is not livable for me. + + +Note: bf is moving in on April 14 and will pay $450/month in rent. + + +TL;dr: lost job. Income went from $4100 to $1700/month. Cut back on phone bill and car insurance. Cut out all eating out and entertainment. Sold clothes. Looking for ways to make ends meet and ideas/insight. I’m just at a loss of what to even do. + + +EDIT: since multiple people are asking and I can’t seem to keep up with comments- no child support/alimony/etc. we split all child related bills 50/50 because we make (made) similar income and have split custody. I will be unemployed temporarily and do not want to take money from him. He is a great dad and has brought over a ton of food for her while I look for a job. Getting child support would be temporary and I really don’t see that as the solution here as it could damage our co-parenting relationship. + +Edit 2: I’m assuming that the *potential employer* called the *previous employer* to verify employment. They told me the previous employer called them, but it makes a lot more sense the other way around. I agree. I wrote this out based on the info I had. + +Also-for those of you calling me mental, borderline, bipolar, etc- my mental health is okay. Sit down. I am stressed. Being home applying for jobs all day can stress you out. I get that my situation is weird. You don’t have to believe me- but move along. My life is chaotic and I don’t feel like defending myself against you anymore. + +Groceries: I only eat veggies. (Yes. I make chicken or turkey for my kid. Vegetarian is my choice, I don’t push it on her but she does love salad.) frozen veggies are CHEAP. I have so much veggies! And I mostly make curries for me, rice and chicken or noodles and chicken for my kid. She loves ramen. And a side of veggies. So yeah. $100-$120/month. Not a typo. +So marginal revenue is the increase in total revenue achieved by increasing product sales by 1 unit. Under imperfect competition, marginal revenue is lower than price. This seems like a contradiction in terms. If you sell an item for £10, you have added £10 to your total revenue, so this item's marginal revenue is £10 right? If, following this sale, you have to reduce the price of all units to £9, the next unit you sell adds £9 to your total revenue right? So does this not make the marginal revenue of this item £9? +so they say UBI (Universal basic income) will cause inflation, because more money will be in the hands of consumers, who will spend it on more goods. + +more money chansing the same amount of goods = inflation + +makes sense + +so if we tax the rich more than we do now to implement UBI, what are the additional money that would be taxed do now? + +before you say they invest it, isn't investing a form of spending too? + +like, I invest into houses = I buy a company to build me a house + +isn't that spending too? + +help me understand this, please +I frequently read of the [shortages of practically everything in Venezuela](https://en.wikipedia.org/wiki/Shortages_in_Venezuela). I also frequently read of how the [Venezuelan Bolivar](https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar) is so worthless that [800 Bolivars are more valuable when turned into handbags for sale in Colombia](https://www.dw.com/en/venezuelas-worthless-currency-turns-into-bags-of-money/a-43833213). Yes, I understand that unfree markets are a major factor in all this. + +However, it also makes me come up with these questions: + +* If Venezuela is out of food and has a high unemployment rate, is there anything stopping the people from moving to the countryside to expand the agricultural sector? +* With such a worthless currency, and officials who are very happy to take bribes, wouldn't Venezuela be an attractive location for sweatshops? +* For the same reasons I listed as above, is Venezuela an attractive location for plantation agriculture? +I want to become an economist because I´ve always loved economics. I am also very interested in politics since I really do want to make the world a better place before I die. I understand how naive this sounds but will be really grateful if you could throw me some ideas. +https://www.cnbc.com/2020/09/08/microsoft-series-s-smaller-version-of-next-gen-console-will-cost-299.html + +Microsoft said the new console, called the Xbox Series S, is the "smallest Xbox ever" and will cost $299. + +The company has been plagued by leaks about the more affordable next-gen machine. + +It's the first time either of the major console manufacturers have disclosed any pricing details for their upcoming devices. +So I never invested my money before. I have over 100k in my bank account plus some small amounts in crypto. Recently found out that on a couple of months dutch banks are gonna charge me a 0.5 percent interest over money I keep over 100k. I dont know how they are gonna charge but they start this July. + +I am slowly investing my money in etfs but it will be a while before I am below 100k because I also work a job. I dont want to blindly dump everything over 100k in an etf because I think dca is better. + +Another thing is I want to move to the us or uk in the coming months. + +One option is to just open a second bank account and transfer half of my money there. I wouod be paying like 25-30 euros per year in fees. If I move to another country I have two bank accounts to deal with. They also charge like 20 euros for closing the account. + +Secons option is to try and make it work with one account. Invest everything over 100k and try and keep my bank account below 100k. This has the disadvantage that I lump sum invest in etfs. I usually like to keep money in hand so I can invest. But the plus side is I have only one bank account and no need to pay fees on second bank account. +Assuming that it ever was: a relatively low stress job that allows you to live relatively well enough. + +It feels like either you're having to fiercely climb the ladder and work your guts out OR you'll slip through the cracks. So the lack of career stress will be eclipsed by life stress and desperation. + +I guess it depends on your interest and competency within your job, but say I want to work full-time in a music store selling equipment because that's my passion and I have no interest in becoming manager or opening my own store or anything, that might allow me to stay afloat, but how would I be able to finance having kids? + +Also, could you guys recommend any cruisy jobs/careers? +This ia NOT as an investment. It's a home for family. + +I am deciding between buying land and constructing a house in a fast developing tier 3 town, or an apartment in a tier 2 city. Same investment in both cases. + +How do I find out the average land appreciation over the past 5 years for e.g.? Also, what are some indicators of a tier 3 town about to hit fast paced growth? One good sign is the town getting a PVR multiplex in a year! + +Any tips that might help me make a decision would be welcome! + + +'nough said there is the title people. There is prob a ton of people apes voting today with Fidelity. Keep the sub clean. Don't flood the place with YAY I VOTED! bullshit all day. It's fucking awesome we get to vote today, but this could get out of hand. + +Don't be fucktards, be retards and stay strong. + +See you on the moon 🚀🚀🚀🚀🚀🚀 + +BLIPTY A BLU BLOP I NEED 250 CHARACTERS TO POST SO IM YELLING HERE. +Listen you fucks, 2 or 3 weeks of green and you're all running like chickens crying in this sub for mental support. Our brothers in r/wallstreetbets have their puts expiring on the 15th and they still have diamond hands. We have it easy, our BBOZ doesn't have an expiry date but you fucks keep selling. We don't lose any money if we don't sell retards, every recession has it's rally and when you see a short squeeze bullshit trap like this you don't fucking sell. I'm starting to think you're all not actually gay. + +TL;DR: This is why we're losing to the Chinese, since you cunts cant hold for more than 2 weeks 🙌💎 +Listening to some music on YouTube this morning and an advert came on for etoro. Obviously encouraging people to start investing in stocks etc. I’m paraphrasing but one of the messages used was something like “you missed out on that tech stock just before it skyrocketed”. + +My question is, when does it become gambling rather than investing? And when should it be regulated as such? + +Edit: thanks for the comments. Lots of interesting thoughts. I think my questions were a bit wrong. I think the thing that jumped out at me was not buying stocks but that one phrase in the advert itself. It seemed to be appealing to that quick-win urge within people when really the ability to pick a stock just before it skyrockets is just luck. +[Edit: Thank you for all the responses and PMs. I did not expect this post to blow up. I did my best to upvote and go through and reply to comments as necessary.] + + +I have been struggling to make this decision and need to hear different views. + +I have been working at a retail job for the past 3 years that I have been absolutely miserable and burnt out in. Recently, I have been offered a new position that is related to the field that I am going to school for, and where I would be A LOT happier - however, I would also be making about half of what I currently make. + +Those who have taken pay cuts to be happier, what have your experiences been like? Was it worth it? +When in fatFIRE territory, does the amount of bonds in terms of dollars vs percentages make more sense? + +Example: + +$5.6M Equities / $1.5M Bonds is about 80/20 + +Dumping more money into equities and moving away from 80/20 seems to be an acceptable path as the 1.5M allows one to pull 200k+ (or less) for 7.5 years. That should be enough time to recover from any SORR scenario. + +It seems odd to me to keep adding to my bond portfolio with the minimal return and considering that I can live off the bonds for 7-10 years (depending on spend). + +This seems more of an amount vs a percentage. + +My SWR is going to be around 2.5% - So roughly $175k before taxes. That is where I got the 7.5+ years. As equity rises, I would increase SWR to about 3.25% + +Thoughts? + +&#x200B; + +EDIT: Thank you all! This has been a great discussion and really has given me way more than I expected in terms of feedback! +https://www.abc.net.au/news/2021-04-05/labour-shortages-hint-at-a-faster-economic-recovery/100047576 + +You can't say how quickly it will take for Australia's economy to recover. + +But with job vacancies rising, it means there's growing demand for labour and positions aren't being filled, which is a positive sign. + +And job vacancies are surging at the moment. +In February, there were 289,000 vacancies, up 13 per cent in the last three months. + +The vast bulk of them were in the private sector (260,300) compared to the public sector (28,400). +Ben Udy, an economist from Capital Economics, says his "composite" measure of vacancies, where he combines the number of job vacancies and skilled vacancies with ANZ's job ads survey, is sitting at its highest level since the mining boom in 2011. + +"Taken at face value, that implies the unemployment rate could dip below 5 per cent by the middle of the year," he wrote in a note to clients last week. + +If the unemployment rate fell below 5 per cent in the next few months it would be a remarkable outcome. +But how likely will that be? + +Uncertainty about the economy + +The federal government's decision to return the JobSeeker unemployment payment to well below the poverty line for hundreds of thousands of Australians, pushing them back into poverty, and to end the JobKeeper wage subsidy last month, will have economic and social consequences. + +Economists know what it means for poverty in Australia, but they're unsure how it will affect the official unemployment rate. + +Last month, Steven Kennedy, the secretary to the Federal Treasury, said it could see the unemployment rate rise a little in coming months. + +He warned an extra 100,000 to 150,000 people could lose employment, and it could take time for those workers to find jobs and for the unemployment rate to start falling again. + +But other economists think there's enough momentum in the economy for the unemployment rate to keep declining from here. + +Job vacancies provide a clue + +They say one piece of evidence is the surge in job vacancies in recent months. + +The Bureau of Statistics (ABS) defines a "job vacancy" as a position that is available to be filled immediately and for which recruitment action has been taken. + +"Recruitment action" includes efforts to fill vacancies by advertising the position, by notifying trade unions or employment agencies, and by contacting, interviewing or selecting applicants. + +If job vacancies are rising, there's growing demand for labour and positions aren't been filled. +The ABS says there are clear labour shortages in some industries. + +"When we asked businesses experiencing labour shortages the reasons for this, more than usual they noted difficulty in filling vacancies for lower paid jobs," said Bjorn Jarvis, the head of Labour Statistics at the ABS. + +There are thousands of vacancies in industries such as accommodation and food services, retail trade, construction, health care and social assistance, according to the ABS. + +The graph below shows how many vacancies there were in February, by industry. + +The numbers are in original figures, which means the ABS hasn't adjusted them to account for seasonal factors. But they provide a decent guide to where things are. + +If you look at construction, there were 16,600 job vacancies in the construction industry in February 2020, before the pandemic hit, but that number halved to 8,300 in May 2020 when the lockdowns were put in place. + +However, the industry has bounced back and there are now 26,700 job vacancies there. + +If you run your eye down the final column, you'll see the bulk of job vacancies are in the private sector. +Mr Udy from Capital Economics said recent developments in the labour market had beaten expectations, including the Reserve Bank's. + +He said a burst of hiring in February caused the unemployment rate to drop from 6.3 per cent to 5.8 per cent, which was much faster than experts anticipated. + +"The RBA had expected unemployment to remain above 6 per cent until the end of this year, and it forecast that it would only drop to 5.5 per cent by the end of 2022," he said. + +"Even so, the economy still has a long way to go before the RBA will be satisfied. + +"Governor Lowe gave a speech last month which revealed that the Bank has lowered its estimate of the natural unemployment rate which would be consistent with full employment, to around 4 per cent, bringing it in line with our own view. + +"While we are more upbeat about the outlook for the labour market than the RBA, our forecast that the unemployment rate will decline to around 5 per cent by the end of 2022 means that full employment is still a long way off." + +So to be clear, Mr Udy thinks the unemployment rate will be around 5 per cent by the end of 2022, but he's prepared to be pleasantly surprised by the pace of the economic recovery. + +And he says the surge in job vacancies provides evidence that the economy is recovering. + +ABS says there's more evidence + +The ABS says the rise in job vacancies in February matches well with other data. + +Its recent survey of business conditions and sentiment found 13 per cent of employers in February reported staff shortages as a factor significantly impacting their business. + +In the same survey in March, 19 per cent of businesses said they expected to increase staff numbers over the next three months. + +For those anticipating an increase in staff, more than half (58 per cent) expect the jobs to be permanent. +However, businesses are reporting difficulties finding suitable staff. + +For employers that say they don't have a sufficient number of employees, more than two-thirds (68 per cent) say the main factor influencing the number of employees is the inability to find suitable staff. + +That compares to 60 per cent in December, so it's getting worse. + +The problem is most acute for large businesses (with 200 or more persons employed) and medium businesses (with 20 to 199 persons employed). +Large business says the second most significant hurdle to finding suitable staff is having international borders closed. + +What does it mean for the economy? + +There's much uncertainty at the moment. +Australia's COVID-19 vaccine rollout is far behind where health experts and economists want it to be. +At the start of the year, Prime Minister Scott Morrison spoke of his hope to have 4 million doses of the vaccine administered by the end of March. +But as at March 31, Australia had given out just 670,000 doses. + +The slow rate of vaccination will leave Australia vulnerable for longer to COVID outbreaks. It means state governments may have to keep relying on lockdowns to contain any outbreaks. + +If those lockdowns are large enough, they could affect economic activity and hamper the recovery in the labour market. + +On other issues, there's Australia's ongoing trade tensions with China, or the possibility of further possible disruptions to global supply chains, and Australia's runaway property prices that could eventually see regulators stepping in to curb bank lending. + +There are many ways in which the momentum in the labour market could be disrupted. +*Edit: some people are stating that a couple of brokers have allowed purchasing of those stocks. I checked Fidelity and they require signing some documents to be allowed to trade it. So my title is a little misleading. +However! it is still completely absurd that redditors would gang up on a penny stock tied to a liquidated company that holds no value. +*end edit + + +Someone still had a huge short position in the bankrupt company and was in early stages of forced liquidation. + +Some others have pointed out today that Blockbuster and Sears started to squeeze again. + +Hold strong my fellow apes. And take back what they’ve stolen from all of us. + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +The article: + +https://www.nasdaq.com/articles/bliaq-stock%3A-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up-2021-01 +The apple tweet has nothing to do with apple. + + +"the apple doesnt fall far from the tree"... HIS DAD. HIS DAD'S BIRTHDAY IS March 17. + + +GME Earnings moved to March 17. + + +The Moass will be triggered on the 17th. + + +WHO WILL BURST THE PINATA... YES THEY HAVE PARTNERED WITH PINATA BUT WHAT DO YOU DO ON BIRTHDAYS? YOU BURST PINATAS. + + +HEDGIES ARE FUCK. 69.420MIL PER SHARE IS THE FLOOR> +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). +U.S. job growth turned negative for the first time since April in the final month of 2020, as the pandemic that rocked the economy over the past year dealt yet another blow to the labor market. + +The Labor Department released its December jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: + + +Change in non-farm payrolls: -140,000 vs. +50,000 expected and a revised +336,000 in November + + +Unemployment rate: 6.7% vs. 6.8% expected and 6.7% in November + + +Average hourly earnings, month-over-month: 0.8% vs. 0.2% expected and 0.3% in November + + +Average hourly earnings, year-over-year: 5.1% vs. 4.5% expected and 4.4% in November + +https://finance.yahoo.com/news/december-jobs-report-payrolls-coronavirus-pandemic-2020-labor-200212779.html +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'm going to keep this short as I had just found it. Also am super smooth-brained so fact-check and this constitutes as NFA pre-amble. + +&#x200B; + +[The largest litigation ever against the SEC and the Department of Justice of the U.S. was at the sum of 3.87 trillion. The company? CMKM Diamonds. I'm sure some of you beautifully wrinkled apes already know this tidbit, but to those, like me who did not....](https://preview.redd.it/v89e5efu43n71.jpg?width=620&format=pjpg&auto=webp&s=9d664289d82a6330f2aff6f95e093633f53f787f) + +&#x200B; + +The suit contends between June 1, 2004 and October 28, 2005 "a total of 2.25 trillion 'phantom' shares of CMKM Diamonds, Inc. were sold into the public market through legitimate brokers, illegitimate brokers and dealers, market-makers, hedge funds, ex clearing transactions and private transactions." + +[https://www.benzinga.com/pressreleases/m172923/cmkx-shareholders-coalition-multi-trillion-dollar-class-action-suit-filed-agai](https://www.benzinga.com/pressreleases/m172923/cmkx-shareholders-coalition-multi-trillion-dollar-class-action-suit-filed-agai) + +Turns out that there were execs in the company working alongside mm's, brokers and dealers issuing trillions of shares. + +Here we go again with the word "glitches". The ticker experienced it as well: + +&#x200B; + +>During the spring and summer of 2004 the promoter from Saskatchewan, Mr. Casavant, then CEO, issued a paper mountain of stock, probably close to a world record. **By September of that year, the shares outstanding had ballooned to nearly 780 billion.** (In December 2004, around 75 billion shares were retired, reducing the outstanding to 703 billion, where it stands today.) On one day, CMKM traded 39.6 billion shares, presumably more than all the volume on all the exchanges of the world combined. The trading volume regularly triggered -- at 2,147,483,647 shares -- a 32-bit signed integer glitch in all quote services except Stockwatch, which programmed around the problem. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=46748341](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=46748341) + +&#x200B; + +>\[Complaint paragraph 31\] During the period of June 1, 2004 through October 28, 2005 a total of 2.25 Trillion “phantom” shares of CMKM Diamonds Inc., was sold into the public market through legitimate brokers, illegitimate brokers and dealers, market makers, hedge funds, ex-clearing transactions and private transactions. The sales of the majority of such shares were at all times known to the Securities and Exchange Commission, including Defendants herein. +> +>\[Complaint paragraph 32\] At some date prior to June 1, 2004 the Securities and Exchange Commission in concert with the Department of Justice of the United States, together combined with Robert A. Maheu and others to utilize CMKM Diamonds, Inc. for the purpose of trapping a number of widely disbursed entities and persons who were believed to be engaged in naked short selling of CMKM Diamonds Inc. stock and cellar boxing the company. +> +>[https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/](https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/) + +The kicker is that those plaintiffs have not been reimbursed for it. + +An affidavit in 2010 was filed in BC, Canada by a shareholder stating: + +>12. “During the period from March, 2004 through August, 2006, on behalf of CMKM Diamonds, Inc. Robert A. Maheu, with assistance from others, negotiated a settlement with the illegitimate brokers, dealers, market makers, hedge funds, and other persons and entities that had engaged in naked short selling of CMKM Diamonds Inc. stock and cellar boxing the company. In exchange for a U. S. Government promise of no prosecution for such sales, the wrongdoers each promised to pay negotiated amounts to a frozen trust for disbursal at a later time.” +> +>18. The fact that the SEC participated in a sting operation using CMKX, then lied to CMKX shareholder representatives is only one issue in this case, the second is the modus operandi of the SEC and other regulators involved, including the U.S. and Canadian Governments, and in particular the RCMP and FBI. Given the fact the SEC and these authorities have conducted sting operations over the past decade regarding the counterfeiting of the stock market it needs to be explained how the same crime continued unabated for a decade by the same perpetrators. Evidence that will be presented by the Coalition will include congressional investigations and whistleblowers from the SEC that clearly prove the SEC has engaged in several well known cover-ups of crimes involving the counterfeiting of the stock market and are in fact “in bed with the industry” they regulate to the point where they make regulations with the same perpetrators which aid in facilitating the crime and its cover-up. They have ensured that retail victims and the companies they invested in would never recover from the fraud committed against them, and they made sure the perpetrators would not be held accountable, the whole time multiple Government Agencies and authorities watched and did nothing to prevent trillions of dollars in loses to the general public who were unwitting victims in this pandemic fraud. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=46161931](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=46161931) + +Link to Hodges and Associates VS SEC 2010 Filing: [https://docdro.id/VrMbEDd](https://docdro.id/VrMbEDd) + +Link to SEC response to Hodges filing: [https://docdro.id/YOPhDCQ](https://docdro.id/YOPhDCQ) + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +For me it's ATZ. I bought it a few months ago expecting average gains for a growth company. I had literally never heard of Aritzia prior to buying the stock. My girlfriend works in a mall and told me how busy Aritzia always is. I went by her advice and now I'm up close to 40 percent in the last few months. +*DISCLAIMER: This is not an investment advice or strategy; only an introductory material. If interested in using CDP, you should read more detailed materials involving more detailed descriptions of the liquidation process, fees, etc. Also, always do the math yourself and check your results. Do not trust the provided formulas if you have not checked they apply to your situation. Make sure you understand what you are doing. Be cautious and stay safe.* + +**What is a CDP?** + +CDP is a Collateralized Debt Position, a smart contract where you store your ETH funds as collateral in order to take out a loan. Maker’s CDP allows you to take out a decentralized loan denominated in DAI stable coin. + +**As an ETH hodler, why should I care?** + +Suppose, as a true believer in Ethereum, you have invested all your available fiat into ETH already. Suddenly, there is a market situation such that you would like to “buy the dip” or simply increase your stack of ETH but you cannot since you have no fiat left. Nevertheless, thanks to CDP you can lock your already owned ETH as a collateral, take out a loan in DAI (~USD), and buy more ETH with it. This is called leverage and the principle is the same as margin trading. + +**What is the catch you are not telling me?** + +Well, the catch is that you have to repay your money otherwise your CDP gets liquidated and/or you lose your collateral. Please, never let your CDP liquidate! It is way more expensive than repaying. + +**Can you give an example of a bad loan setup?** + +Suppose you lock 150 ETH in CDP, Ether price is currently 900 USD. The min collateral/loan ratio of Maker CDP is currently set to 150%. Therefore, you can take out 90 000 DAI (100ETH*price) as a loan. Remember the loan is always in DAI. However, since you borrowed the maximum amount allowed (two-thirds of collateral), your liquidation price is exactly 900. If the price drops to 899.9, your CDP will be liquidated because its collateral is insufficient. Always make sure the liquidation price is sufficiently low. + +**OK, I see I shouldn’t go too much into debt here. Is that all?** + +No, there is another case that may arise. Suppose the previous situation, however, you take out only 30k Dai instead of 90k. Since your collateral/loan ratio is now higher, you are protected from liquidation as long as the price of ETH is above the liquidation price of around 300 USD (sounds sufficient). Remember again that the loan is denominated in DAI. If the ETH price goes to 500 USD, nothing changes and you still owe 30k DAI. This may cause issues when investing the borrowed funds. Suppose you invested the whole loan in ETH at the initial price of 900 but now one is worth 500 and you have no other money available. The CDP does not go into liquidation this time. However, you cannot repay the debt and free your collateral (you can partially but it’s still quite bad). + +**What do you suggest to avoid this?** + +If you plan to invest the borrowed DAI, never collateralize your entire bag of ETH. Always save an appropriate amount of money (form irrelevant) to be able to pay off the CDP at liquidation prices. + +**How do I find out how much is “appropriate”?** + +You need to do the math. I derived some formulas that may be helpful. They apply to the case of leveraging ETH only, i.e. using your bag of ETH to get a loan and invest in ETH again. As have been mentioned, you should have enough ETH left elsewhere to be prepared to repay the debt if the price begins to approach the liquidation price. I assume the purchase of ETH is at the same price as at the time the CDP is opened. + +Notation: S = all ETH holdings you have prior to CDP, P = the current price of ETH in USD, LP = your desired liquidation price (yes, this is a parameter you must choose – please be cautious and set it at a safe low level that you consider unlikely to be reached) + +**Calculating the amount of ETH to deposit as collateral (deposit):** D = S/[1-(2LP-2P)/3P] + +**Calculating the amount of DAI to “draw” from the CDP (loan):** L = (2/3) *D *LP + +Remember, you must always have S-D amount of ETH available to step in and avoid liquidation of your CDP. That should guarantee you are safe from the liquidation or the need to use additional funds. Nevertheless, it is still possible your investments will not be profitable and you end up losing money. + +**I am only waiting for the next paycheck and need the funds only temporarily to buy the dip right now. Can I collateralize my whole stack of ETH?** + +Yes, you can since you know you will get additional funds to repay the debt. However, remember not to go too much into debt to avoid liquidation. + +**I used the loan to buy ETH. Can I collateralize these funds as well?** + +Yes, you can but be VERY careful. You’d better do the math right! I would not recommend this since things may get messy and you may lose track of your debt easily. + +**I want to learn more and maybe get a CDP. What should I do next?** + +You should check the Maker CDP dashboard (https://dai.makerdao.com/) out and watch their introductory video and terminology guide. There is a couple of advanced things that I omitted and you should look into them (e.g. WETH, PETH). Further, visit the maker subreddit r/makerdao (please read the sad stories of liquidated CDPs) or other of their communities. Make sure you understand what you are doing before creating a CDP. It may be worth it to test the process on the Kovan testnet. + +**Why did you write this tutorial?** + +There was no complex material for beginners around that would highlight CDP’s possibilities as well as risks. I hope I introduced the instrument properly and it will get more traction eventually. Also, I am a big fan of the DAI stable coin. + +**I think there is something wrong in this text or something important is missing.** + +That is, of course, possible. In such a case, please, comment or pm me. I will be updating this text continuously. + +*DISCLAIMER: This is not an investment advice or strategy; only an introductory material. If interested in using CDP, you should read more detailed materials involving more detailed descriptions of the liquidation process, fees, etc. Also, always do the math yourself and check your results. Do not trust the provided formulas if you have not checked they apply to your situation. Make sure you understand what you are doing. Be cautious and stay safe.* + +Really? + +How would your tech/growth stocks be doing right now if you sold them? + +Meanwhile, my dividends just keep rolling in, and are letting me pick up shares of growth companies at bargain basement prices. + +Also, made a BUNDLE of money on my “dead oil companies” while you were buying those tech stocks with no earnings. + +I’m feeling pretty good about this market. How about my other divvy homies out there? +Fellow autists. Today, I place my life in the hands of the almighty market. Behold, [$780k thrown into 450 6/19 SPX 1500P](https://imgur.com/a/86ipHjS). + +It pains me to say this, but I have the utmost confidence that this virus and the economic crisis arising from it will bring America to the brink of collapse. I believe this thesis so strongly that I'm willing to lay down everything to pursue it. + +To all the bears in this sub, who have valiantly held their puts with iron resolve, I say this: don't doubt your vibe. + +To all the bulls in this sub, I say: may God have mercy on your soul. +Hi.. me again. + +TLDR(s), because I got asked.My GME price in TWS is currently sitting at 1.3Million per share. +This is now the 2nd time this has happened, and it's still happening! +See below for more info. + +\------------------------------------------- + +Funny day today.. + +You’ll remember this post [https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm\_youll\_wanne\_look\_at\_this\_prices\_go\_up\_spy\_gme/](https://www.reddit.com/r/Superstonk/comments/uxsftq/uhm_youll_wanne_look_at_this_prices_go_up_spy_gme/) ? +Back in May, a day I’ll never forget. +Discord blew up, reddit, twitter too I think. + +It happened again today, still going on in AH. + +Earlier today I made a chart and I saw popcorn blowing up. + +Checked my console, and yeah.. It wasn’t normal. + +https://preview.redd.it/z3isn6z6ygq91.png?width=1892&format=png&auto=webp&s=5a7b260a2f7189c19ee78e4eedc99e18b20108c7 + +https://preview.redd.it/04hv0fa7ygq91.png?width=946&format=png&auto=webp&s=9f310b657955735b63e5563748468d78f8ae3ff0 + +Then Towels followed + +https://preview.redd.it/gm5qpmj9ygq91.png?width=981&format=png&auto=webp&s=b988589cce16052b900cf1a13d97b756a7e1e27b + +Then SPY + +https://preview.redd.it/8am1nmsfygq91.png?width=948&format=png&auto=webp&s=dba0846c2dc78c362db253027187180cb5981646 + +https://preview.redd.it/buwk61dgygq91.png?width=646&format=png&auto=webp&s=9fdf9177afdd823232395e716a66f7cedbff192e + +&#x200B; + +GME finally too. Going for 1.3M currently. + +https://preview.redd.it/oc36mkeiygq91.png?width=947&format=png&auto=webp&s=a8bbb5622499eca2c3c1e360d855d0ca9f218f7f + +https://preview.redd.it/ufx5jdxiygq91.png?width=325&format=png&auto=webp&s=56d893d6b8b18d99608189489f32feaabb56bb59 + +&#x200B; + +https://preview.redd.it/yd9ljv1lygq91.png?width=638&format=png&auto=webp&s=2213dcfd82aa0912631e7ce0f508a5e6189371a6 + +It’s crazy, but like before, I’m the only one seeing this. Interesting hm. + +And yes, before you ask, I did set up a control ticker, something random, and that doesn’t show any signs of weirdness. Just normal prices. + +https://preview.redd.it/72p7ocnnygq91.png?width=953&format=png&auto=webp&s=322b90fa233a230720345c700e95f5d6b63ca416 + +Also, it worked fine since 04:00 this morning. It just decided to go weird earlier today. + +And just like last time, there were halts, and dates with 1/1/1969. + +https://preview.redd.it/26o84hqqygq91.png?width=650&format=png&auto=webp&s=c3cc00cb277e3e0846dd06e5218151b77fc04f14 + +Here's some charts I made.. + +https://preview.redd.it/7whumwbvygq91.png?width=795&format=png&auto=webp&s=0f235030b86c0a614179fb74b7b74596dedbae4e + +https://preview.redd.it/38vz8ylvygq91.png?width=765&format=png&auto=webp&s=5508fd827b56d1f5bf16a4d1f3ca08828b8c42ae + +https://preview.redd.it/vihi2puvygq91.png?width=668&format=png&auto=webp&s=1dae4a643977f5e4265054eca93f694fde699e6e + +https://preview.redd.it/sx3oce7wygq91.png?width=539&format=png&auto=webp&s=5918d1d54f267bcfd1db5d70594d88446a912c56 + +&#x200B; + +I know I know.. + +I've no idea why this happens to me yet, but yeah.. used to it lmao +It's entertaining at least. + +Just eh.. Enjoy the pictures? + +Discuss? + +Would love to hear some logical explanations on how this could happen. +**Especially from some back-end dev or computerscience perspective!** + +Had many discussion, so far all inconclusive. Looking for answers on how this could end up like this on my end, when it comes from another source. IBKR > TWS . + +&#x200B; + +&#x200B; + +&#x200B; + +Peace. +Hey, a friend called me with a very weird money proposal he received a couple of months ago and unfortunately without thinking to much about it he agreed... + + +So a guy came up to him saying he would receive in is account X amount of money and would get to keep a percentage. The remaining amount he needs to buy Bitcoin and send it to a wallet address he has been given.The money he receives from what I saw is from from different countries and entities. +Now, I know 100% this is a scam but not sure if he is fully convinced. I'm thinking either credit card fraud or money laundering but as I'm not sure hoping anyone can help clarifying the situation. + +Also, if anyone knows and could point out the consequences of him proceeding with this thing would be appreciated so I can hopefully show this to him and make him realize this is something he does not want to be around with to make some quick money. +it looks like VWCE is at all time high , should i wait or buy now? I have never invested and i am considering starting after 2 years of research , but it feels like it's absolutely the worst timing. I don't want to DCA , i feel more comfortable going all. +I miss being an entrepreneur, and have been considering leaving my well paying tech job to give it a shot. + +I've got enough of a safety net to spend 6-12 working on something without any changes to my lifestyle, and I've got enough relationships in the industry that I can hopefully jump back in should I want to. + +But going from a full salary + benefits to nothing at all is nerve wracking, and I don't have any friends who have done something similar. Has anyone made a bet this big on themselves before? +This is a throwaway account, just in case, but I'm a 27 year old with pretty good credit (>750). I currently live at home and only make \~$40k a year. Our family needs to move since the house we are in is too expensive for us to continue staying at, so we are trying to sell the house ASAP. Once sold, my parent are trying to buy another smaller, cheaper house. The catch is, they want me to be on the mortgage. From what I understand, it seems that I'm to apply for the loan since my credit history is better, but my parents would be making the monthly payments and the down payment towards the house. I'm not sure if they can buy a house if it's not in my name. They also stated that before applying for a loan, they would pay off my student debt with the money they get from selling the house. + +My parents want to be able to leave the house for me to live in after, but honestly, I don't plan on living with my family after 2 more years. My siblings will also (hopefully) be out of the house in 2 years due to potentially going to college. + +I'm not really sure what I'm asking here, but any advice or input would be appreciated since I'm kind of at a loss for what to do. I do plan on sitting down and having a more detailed discussion with my parents since it seemed like they glossed over a ton of details, but if you have any suggestions as to what topics I should touch on, I'd greatly appreciate it. + +Thanks for reading. + +**edit**: I've read through all the comments, and you guys have been really helpful. Thanks for taking the time to write me a comment. + +After doing some estimated head math, I think my parents *should* be fine on their own after selling the house/paying off old mortgage, but do you guys have resources to share to prep me better for all this house buying stuff? I want to have a better idea of how it all works, not just for myself, but maybe I'd be able to help my parents see if there are better options for them. +Looking to get a new truck (that I can fully afford) that I’ll be making the payments on solely. My mom has bad credit (low 600s) due to her divorce and the failure of the family business. In order to try to improve her credit I thought I could get her as a co-sign on my car loan. Will this work? Will this hurt my credit somehow? + +Edit: Thank you all for your help. This has made me make a few decisions. One is my new truck can wait until after the divorce. The second is I need to add my mom to my cards as an AU. Third I’m going to add a $5 limit to those cards if my bank will let me. Fourth I need to look into bankruptcy if this debt sticks after the divorce. This discussion with you all has been pretty eye-opening +Yesterday, between 9:39AM and 11:20AM $GME went up exactly 10%, before immediately descending to it’s more modest EOD price. + +If you’re not convinced that Citadel is brazenly manipulating securities as a Market Maker, directly to benefit it’s (supposedly fire-walled) hedge fund derivative contracts…well…you’re either the wrong type of regarded, or you work at the SEC and desperately need a coffee. + +This is happening across every stock that Citadel is tasked with executing for retail traders every. single. trading. day. + +Between PFOF, re-routed darkpool executions, strategic FTDs, and Market Makers actually being allowed to print synthetic shares “for liquidity”, is it any wonder that Citadel’s hedge fund can make overly decent returns? It’s literally cheating, and therein lies the conflict of interest for every market maker that simultaneously runs a private fund for themselves and their affluent buddies. + +Obviously, this is a fundamentally flawed concentration of power that has ruined any semblance of the markets ability to attain accurate price discovery. For the average American, let’s use the analogy of a sports betting agency you get to own. Your agency gets to determine the spread of 60% of all NFL games (because this represents the percentage of retail trades firms, like Citadel, get to execute). Additionally, your agency can alter the spread mid-game at any point, and apparently you can suspend further retail betting at your own discretion as well. Finally, and here’s the onion, you also get to bet on the games with your friends. Sounds great right!? However, where does the money that you and your friends inevitably ‘win’ come from? + +I’ll tell you. Your profit comes from every single rube using your rigged betting platform. Because the majority of your users are either under the illusion that it’s a fair and legitimate process, or are simply apathetic/ignorant about your agencies practices to begin with. + +However, this *is* the reality of the global stock market, and it’s also why Market Makers, who have a practical license to make money through high frequency arbitrage trading, exist. However, such firms should never have been able to branch out into privatised financial services like hedge funds. Simply, their power is already too great, and in a self-regulated financial industry, near impossible to police. + +It’s why the derivatives market dwarfs the actual market, it’s why capital formation among the wealthy grows larger, and it’s why any average person can get their pensions destroyed, their investments rug pulled, and their lifes work siphoned away by the undeserving. All because some greedy sociopaths have actually deluded themselves into thinking they’re beating the game through skill. + +And that’s why hedge fund managers, like Douglas Cifu at Virtu Financial, are “lining up around the block” with other firms to sue the SEC into oblivion over its proposed restrictions to PFOF. Because, it removes one of the instruments by which they rig the market. Keep in mind, they would still retain a significant advantage over retail despite this change. But, it would be a great start. + +In my honest opinion, the whole system needs to burn, and I hope you’ll be dancing alongside me when the flames consume it entirely. Power to the fucking players. + +A TL;DR you say? + +DRS and leave the fucking shit show. Fuck the SEC, fuck congress, fuck the oligarchs, fuck the old gods and the new. Get. the. fuck. out. from their rigged platform via ComputerShare. +Sorry for the clickbait sounding title, but I'm surprised at how quickly I have lost interest in FIRE after hitting certain financial milestones. I discovered the FIRE movement about 5 years ago and dove headfirst into it. In that timeframe, I have been fortunate enough to nearly triple my income and go from a net worth of about $0 (essentially student loans minus assets) to about $400K today. + +Last month, I paid off the last of my student loans. It was an unceremonious end to a 10+ year grind that consumed a small mountain worth of stress and mental energy. That stress reduced as time wore on as the loans became less of a proportional burden on my budget. Now I have increased cash flow to go towards investments and advance my FIRE timetable to a degree, but... that's it. My finances are more or less on autopilot now. + +I suppose this is what the "boring middle" feels like. While it's nice to have more bandwidth (both financially and timewise) to do what I want, I have also had a lot of fun over the last few years learning about personal finance, investing, FIRE, and then tracking the quantifiable results of acting on that knowledge. It became a hobby. Now it feels like there's nothing left to do but stay the course until I hit my FIRE number. In a weird way, I feel a mild sense of loss. + +I don't know what my ultimate goal of posting this is, other than unburdening some feelings to an audience that will understand better than most people in my life. This ennui was unexpected, but is also a good problem to have, I suppose. I am extremely fortunate to be in the financial position I am in now. The path to FIRE continues. +So if you don't know what the critical margin theory is, go read [THIS](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory) post. But I will show you guys/gals with [THIS](https://imgur.com/a/j89ynQw) photo, showing how the last 3 days' highs line up perfectly with the critical margin line I placed 2 weeks ago. I would also like to mention that on the date March 29, GME was halted, that is the first time since the sneeze that the price superceded the critical margin line. I really believe that, that line is very important, and at the current rate GME should be below $122.30 by July 29. If you dont already know, end of july is the dead line for Gamestop to release the marketplace. So if this theory is correct we should be expecting about -$0.80/day draw down, or halting/fuckery if it passes that line. Buckle up, buckaroo! +https://www.sec.gov/rules/sro/nyseamer/2021/34-92153.pdf + +Have we had a look at this filing? + +It seems to be a significant rule, but I'm not entirely confident in my interpretation. Need someone with more wrinkles. + +My interpretation: It sounds like they want to make it more difficult for PFOF to manipulate the price off-exchange. + +This filing from the NYSE resonates with the statement they made in this article https://www.reuters.com/article/usa-stocks-retail-nyse/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-idUSL2N2NY32L which criticizes PFOF directed off-exchange. + +EDIT: Title is slightly off, they're not additional fees for hedgies, it's additional incentive for our brokers to route to them instead of dark pools. As u/machiningeveryday notes in the comments, they're trying to be more competitive, so they are increasing credits and decreasing fees to provide incentive for our orders to be sent to NYSE instead of dark pools. + +**It lines up perfectly with how the DD predicts dark pools are being abused. As you can see below they are increasing credits for orders that "add liquidity" and reducing fees for orders that "reduce liquidity"** + +This indicates that they want more trades to execute on exchange instead of letting hedgies dictate the price in dark pools. + + +__________ + + +**Key Excepts** + +> While Regulation NMS has enhanced competition, it has also fostered a “fragmented” market structure where trading in a single stock can occur across multiple trading centers. When multiple trading centers compete for order flow in the same stock, the Commission has recognized that “such competition can lead to the fragmentation of order flow in that stock.” Indeed, cash equity trading is currently dispersed across 16 exchanges, numerous alternative trading systems, and broker-dealer internalizers and wholesalers, all competing for order flow. Based on publicly-available information, no single exchange currently has more than 17% market share. Therefore, no exchange possesses significant pricing power in the execution of cash equity order flow. More specifically, the Exchange currently has less than 1% market share of executed volume of cash equities trading. + +> The Exchange believes that the ever-shifting market share among the exchanges from month to month demonstrates that market participants can move order flow, or discontinue or reduce use of certain categories of products. While it is not possible to know a firm’s reason for shifting order flow, the Exchange believes that one such reason is because of fee changes at any of the registered exchanges or non-exchange venues to which the firm routes order flow. Thecompetition for Retail Orders is even more stark, particularly as it relates to exchange versus off-exchange venues. + +> The Exchange thus needs to compete in the first instance with non-exchange venues for Retail Order flow, and with the 15 other exchange venues for the portion of Retail Order flow that is not directed off-exchange. Accordingly, competitive forces compel the Exchange to use exchange transaction fees and credits, particularly as they relate to competing for Retail Order flow, because market participants can readily trade on competing venues if they deem pricing levels at those other venues to be more favorable. + + +______________________________ + + +* A credit of $0.0030 per displayed share for orders designated as Retail Orders that add liquidity. **This credit is higher than the Exchange’s standard credit** that ranges between $0.0024 per share to $0.0027 per share for displayed and MPL orders adding liquidity, depending on Adding ADV.12 + +* A fee of $0.0010 per share for MPL orders designated as Retail Orders that remove liquidity. **This fee is lower than the Exchange’s standard fee** of either $0.0026 per share or $0.0030 per share for orders that remove liquidity, depending on Adding ADV. + +* A fee of $0.0005 per share for orders designated as Retail Orders executed in an opening auction, unless a more favorable rate applies. **This fee is equivalent to the Exchange’s standard fee** for orders executed in an opening auction +I’m new to the world of personal finance and, recently, without much knowledge of investing, I opened a Trading 212 account, put some savings into some individual stocks and made a small profit. I’m now thinking of investing more seriously with larger sums of money so I want to make sure I know what I’m doing. + +I want to open a S&S ISA and move my money from the regular investing account into the S&S ISA. + +My question is, if Trading212, freetrade, etoro etc. are all free and are very easy to use and offer a lot of flexibility, why would one choose to pay for something like Hargeaves Lansdown or Charles Stanley Direct? Am I missing something? What’s the benefit? +I am going to be honest right away and tell u that retail companys arent my type of investment and that i dont like the industry as a whole. + +on the other hand footlocker offers us an amazing deal almost to good to be true. it looks like the company is left for death but this is a core value investment. + +footlocker is listed with an 3x pe ratio 5-6% in dividend and 40% share buy back at this price with net cash of15-20% of the market cap. + +the over reaction makes this company a text book value play. + +**The business** + +foot locker is a shoe store active in the eu and amerika. footlocker is a majority of their company but they have some other retail names aswell as their own shoe brand. footlocker has special partner ships with nike and other retailers to bring out special shoes for their costumers only. + +the reason for the decline is that nike doesnt want that partner ship anymore and focus on their own customers. other brands want to make partnership deals with footlocker but no one as big as nike. + +the focus for footlocker now is to get their own brand succecful. this will give them a better supplychain and more security aswell as higher margins. + +online retailing seems to have takenoff but to be honest i never shop via footlocker if i want to get nikes i always got to nike website so the e commerce is going to be a harder part for them but getting a succesful brand would fix this aswell. + +&#x200B; + +**Issues footlocker has to deal with** + +\-*nike leaves*. nike is their main brand that they sell a huge issue because they arent looking as favourble to their cooperation anymore. they have some new partner ships and are becoming a more independent company insted of nikes retailer. other retailers happly want to be in a partnership with footlocker and i see an oppertunity here getting new desingers new brands and making some brands of their own will tranform footlocker in a way better business. + +\-*store closures* footlocker has a big network without but a lot of stores are getting closed low margin stores first but they bought some other brands and they can remodel these stores and the store decline is slowed down and might reverse if they keep aquiring new businesses which they want to do. + +\-*brand underpreformens* a low of big companys can use their brand to make a shoe succesful on day 1 think about nike addidas when they work with u its a huge deal. foot locker has a lot of potential unused here and should make their own brands to be less dependent they have a huge network which goes unused. + +&#x200B; + +**the value** + +this is of course the best part. footlocker is extreemly undervalued + +the pe ratio is about 3\~ and a net cash of 400 mil on 2,7 billion market cap. + +their capex is about 275 million with about 420-460 million in adjusted earnings and 200-300 deprication. gives them at least 345 million in FCF. on the downside. pricing in low deprications and a decline in profit of 10%. on the higher side there can 485 million. this includes a 6% downside in profit. + +this is a low expectation. + +345-485 million in fcf for a company without any net debt gives them a the option to pay this out to investors. which they want to do with a 1,2 billion share buyback and 33% dividend growth. + +the share price moved a lot yesterday but 40% of shares can be taken of the market which translates to 71% return included with dividends if the market cap will remain at sub 3 billion levels. + +at 71% return this year in the low end u will beat most money managers with less risk. + +but what is foot looker worth. + +intrinsic value is 32$ per share but there are long term leases on their balance sheet and goodwill and those dont realy matter. + +the value of inventory, property, net cash, minority investments and equiment get u at 44$ per share. + +Inlude the 66% of the share buyback at 3 billion value and we get 53$ and 73$. their is some cash to be excluded for this but the company also makes returns over this period but it would lower fair values about 14$ + +39$ and 59$ in balance sheet value. which is a 33%-100% return in 1 year on the low end if they get to book value of assets they use. + +these are bear valuations and compaired to every other company. if this is just a one time set back and footlocker can grow 2-3% about inflation numbers it doesnt make sence for them to be at a lower pe then 10x. which is without the sharebuyback a return of 50% with the sharebuyback we are talking about 100%+ returns. + +compaired with the other retailers lows, home depot footlockers share price should be trading about 90 bucks with this guidence on the low end. + +if they pay out 100% of FCF after the share buyback u get a 71% return+ 11%- 16% a year on the low end + +if u compaire them to lowe's home depot or any other retailer u get no sub 100 dollar value at their most recent guidence. + +&#x200B; + +**Why is this the one of the best value plays in the market** + +to answer this question the best way. u have to ask what is value investing. answer to buy a company for less then its accuatly worth and getting returns for the least amouth of risk. + +\-net cash + +\-profits + +\-low pe + +\-share price below bookvalue + +over the past years foot locker was able to grow with 3-6% per year. their buying spree and digitalisation are drivers of growth. this seems like 1 bad year if management is taking action. + +this is a textbook value stock buying back shares under bookvalue while being profitble and having a net cash postition that can get them a very long way. + +it preforms, digitalise and innovates above the pace of the market it is one of the better retailers. + +i think that in a market overvalued market footlocker gives me a good deal and great entry point + +i opened a postion at the higher end of 26 dollar and it accounts for 8% of my total portfolio. + +&#x200B; + +**Future** + +i think footlocker has a decent outlook in the long term. + +management has a long term view and is building up the company to be less dependent on nike. i cannot deny that his is a painful periode for footlocker and strong management is required. + +some female brands have launched and new partnership deals aswell but nike defintely is going to sting. on the other side it will be a more independent company and make more sence as an investment compaired to a nike dependent company. + +was this the right move for nike? i think that taking out your dominant postion in retail isnt a great strategy but building a relationship with custumers is. nike is going on a different track then i am used to of branding companies. coca cola would do anything to get their drinks on every spot to keep their name as the best cola. i think clohting brands are diffrent and that digitalistion is important but the move seems too fast and their losing some store shelf space. nike is fully going for e commerce and it might just pay off realy well with better margings and a very dominate place in e commerce or they are going to lose some market share. + +nike had retail companys that had 80% of their sales to be nike brands + +**Management** + +management seems to make the right decisions and they have good looks to the future. most of them are footlocker veterans with long historys there. only issue seems to be that some more experience in ecommerce and degins would be grewat + +chief operating officer seems to be the man for the job with the right degrees and past experience to turn this company around. worked at coca cola as branding and marketing officer. + +i would like to see someone extra from a big retailer that has worked on digitalising in his company to get on the board. + +&#x200B; + +**Conclusion** + +Footlocker seem to be significantly undervalued and buys up a big part of the business to change this. their management seem to be in the right place to steer this company through hard times aswell as build up in the future. the net cash and profitible part of this company put it at a low risk high return play + +&#x200B; + +**DD** + +\-i do hold a stake in footlocker since yesterday at 26,86 + +\-I do not reccomend a buy this is just free research to make u come in contact with the company always DYOR. + +\-i do have dyslexia and english is my second language if u see spelling errors u can inform me i will correct them asap. i am trying to improve +https://www.bbc.com/news/amp/business-54012055?__twitter_impression=true + +Seems like Pret are making some drastic moves to claw back business given the WFH shift - thoughts? I wonder if any other big names will be following suit with similar attempts soon? + +Obviously this is quite a gimmicky offer to draw people back through the door, but I can't help but think it's a pretty good deal if you're someone who gets takeaway coffees regularly (the article states you can get up to 5 coffees every day of the week for £20 per month). + +I feel like 'the price of a takeaway coffee' is often used as a unit of measurement for a small expense that can quickly add up when you get it regularly, and is a pretty common metaphor for encouraging saving (make your own coffee and watch the pounds roll in etc)... Maybe this will be the end of that?! +Sorry if this is a silly question, kind of new to ETFs. +So I was wondering if you sell ETFs if the market crashes? I read some opinions online that say, keep buying ETFs even on market crashes. +And sell only when retiring. +Is this correct? +Kids... + +Timing the market like I did yesterday is the WRONG thing to do. However, I sense the Euphoria stage in full swing, and I think there are good odds Bernie Sanders could win Iowa and then New Hampshire sending Wall Street into a panic. + +I am posting this here just to say you always have to trust your gut instinct. Sometimes doing the wrong thing just feels right. +(Like having sex with hyper-sexual mentally unstable Milfs for example). + +I know I will be downvoted to oblivion but I am following Warren Buffets advice and am being fearful when others are greedy. + +Good luck friends! +Hi. I live in Portugal. I have a degree in management and a master's degree in Marketing, with a focus on Digital Marketing. +I have little experience working in Marketing, but I don't want to continue living here with a salary of €800 a month. +In order to achieve FIRE as soon as possible which country should I go to? I have a simple lifestyle, I don't mind spending a few years just working and saving as much money as possible to achieve FIRE fast. +I'm single and don't plan on having kids for the next 10 years, I just want to work and earn as much money as possible. +What country do you recommend? I've read here on reddit, that the best of all is the UAE. Do you agree? Thank you so much! +I have 1800 shares of TSLA that I own outright and I also have margin lending turned on for CSPs. I've been doing the wheel on TSLA for a bit over a year now. It seems reasonably profitable. When I'm holding shares of TSLA and I'm selling CCs, I will also typically sell between $500-$600k worth of CSPs on margin as collateral, and if it doesn't expire worthless, then I'll just keep rolling it out further in time, over and over again. Obviously TSLA has dropped quite a bit from its ATH. Though I fundamentally believe Tesla's decade long future is bright. Elon has built the most advance cars and the most advance rockets, and that is why I'm feel very confident putting all my money in only TSLA. The stock could drop to $300 tomorrow and I would still happily hold, of cause my CSPs would get crushed. So far this year I've collected about $330k in premiums from both CCs and CSPs on TSLA. Can I assume I'm set for life, that I'll just keep doin the wheel on TSLA forever? Or is there some danger that I'm not thinking about? I suppose if TSLA drops to $80 like Gordon Johnson predicts, that would end my career in doing the wheel on TSLA....haha. +Ok this might be nothing but I just quickly searched for key word "dividend" within the Q2 earnings and before in Q1. In Q1 you will find absolutely nothing, but in Q2 we suddenly find this: + +&#x200B; + +https://preview.redd.it/fch9kjlw7cm71.png?width=1255&format=png&auto=webp&s=008bdf01f69be922cca92579b852d48b2ec31aac + +Maybe a hint that we will see dividend (maybe in form of NFT) in Q3? ...I dont know but I like to get my tits jacked up :-) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Their website claimed i can get returns of 15-20%. It looked good to me. App Store ratings were okay. Now, I am at a loss of 50%. They simply don't respond to complaints about this too. Avoid it. Looking for some recourse. Anybody in the same boat? +Edit - first recourse - written to the relevant grievance redressal people of RBI. #I2Ifunding #Review + Pumping DOGE is not the same as GME. Billionaire hedge funds do not have short positions, or rather any position in DOGE. Y'all just playing each other. Seems like many crypto holders dont actually understand the nuance of the GME situation. You are not beating billionares you are just circle jerking each other. Some of you will win and some will lose. Better off investing in ETH/DeFi or BTC that is meant to take the power away from the current system. Nothing against DOGE, but if you really want to stick it to the Man put your money towards something that will build a better future for the people. +$T goes Ex-Div 1/8 Friday, so you must buy it before close of business 4pm on 1/7, or thursday. + +ATT is a good company. Take a look, smooth earnings, gonna be around a long time. + +A good long term hold, or a quick div payout with a covered call on Monday. + +Your choice. + +$T is selling under $29.50 with a .52 cent dividend. + +Not a bad week's work. +I recall reading an article years ago about how if you start with $1000 and make 20% in each trade, it only takes something like 45 trades to make it to $1 million. Anyone want to start in 2021 with me (or have any suggestions for my first stock)? + +And no I aint doing any penny stocks + +edit: apparently 37 trades only! It gets even easier + +Edit: thinking of DKNG if it falls below $40, CRM at the current price, or PLTR at 20-21 + +Edit 3: New sub /r/1kto1mil --> feel free to join the journey that will likely end up in flames but will be fun. Also the goal is not to do this just in 2021, its a journey that will take multiple years! +Hi guys just wondering your thoughts on Hershey stock? Dividend is .90 a share 2.06% Yield. I feel like everyone buys chocolate should be a big long term for a portfolio. +I'm a day trader turned quant trader running a portfolio of price-based microstructure scalping strategies in the futures markets. I asked a question similar to this in the algotrading sub, but would like to get some different perspectives. Hopefully this can help other traders refine their edge as well. + +One of my bots is designed to trade GC exclusively. Over the last year (sample size of 1,818 trades), I've noticed that one hour of the day has been WAY more profitable than the rest. It appears to be the only hour that I had any significant edge to speak of. This is only the case for GC. Other markets have certain hours that will perform better, but no market has had a single hour so greatly outperforming the rest. + +What might be the reason for this? What would you do if you were faced with such data? Chalk it up to pure randomness, or start trading 9:00 - 10:00 exclusively? This is the most historical data I have access to at the moment, but maybe you would require even more data before drawing any firm conclusions? I'd love to hear your thoughts! + +[Equity Curve Trading from 8:30 to 15:00 since July 20th, 2021 | \\"Profitable\\" but choppy. Drawdowns are steeper than I'd like.](https://preview.redd.it/pyv8xyqc6yc91.png?width=1790&format=png&auto=webp&s=b183c5af799332576c4cc42fd57c0b0761ff5f81) + +[Equity curve trading ONLY 9:00 - 10:00 CST since July 20th, 2021 | Much cleaner equity curve, drawdowns are greatly reduced, win rate is notably higher.](https://preview.redd.it/jwpde5em6yc91.png?width=1802&format=png&auto=webp&s=3949542dca764d753e8d58709775b6a14acdc8fe) + +[Increase in win rate if only that hour of the day is traded.](https://preview.redd.it/f2c03wdo6yc91.png?width=370&format=png&auto=webp&s=53b0b07ba54117fb7229255ed099cc43ecb1b217) +Ladapes and gentleapes, a lot of names are fast becoming common in the sub, so I thought to go over something with you guys. Something which these names were part of. It was something bad, and they're still in it. + + +EDIT 3: There's no TL;DR. It's just a 3mins read. If you a retarded smooth-brained crayon-muncher you should be able to read it in 5mins. + + + +Let's go back to the 2008 financial crisis. Bear Stearns, one of the big boys of wall street fell. Why did BS fall? Simply put, BS had a lot of bad deals in their books. BS had a lot of 'toxic real estate assets' that no one wanted to touch with a 10ft pole. JP Morgan bought Bear Sterns for $2 a share. They wouldn't have done it if the government hadn't sent in $30b of taxpayer money to support the deal. + + + +But why exactly did Bear Stearns accumulate such bad deal, that no bank wanted to touch? Money. Greed. BS wrote so many real estate deals, they became stupidly retarded and believed prices only go up. Everyone was either buying, building or selling houses. It was a money printing machine. You need a home, they write you a deal, no questions asked. No good job, no steady income? no problem, BS would write you a deal and get you a house. When housing prices fell, they were left holding the bag, their ballsack was down. Everyone could see it, and no one wanted to touch it. Oh, I just remembered the greedy Lehman Brothers. They were also holding bad bad real estate assets no one wanted. It was so bad one option was for the government to buy all the houses and literally set them on fire. House inflation. They can easily raise interest rates to keep up with money printing, but there's no remedy for houses no one wants to buy. Lehman Brothers stock price fell so fast, then CEO said it was a short and destroy attack. Now, keep this in mind, while we fast forward to the present. + + + +It's 2021, HFs are making lots of money shorting stocks, together with their accomplices. It's so profitable they have forgotten they can lose it all. They've gotten greedy. Same mistake Lehman Brothers, Bear Stearns made. + + + +There's something not being talked about much. A financial instrument that played a big role in destroying the market. + + + +Let's go back to 2008. Remember the role CDOs played? The instrument that allowed banks make money from debt obligations. They now call it Bespoke Tranche Opportunity. Stay with me, we'll see why this is important. + + + +The overall volume of CDOs on bespoke portfolios rose rapidly in the early 2000s. In 1999, synthetic CDO issuance in total was less than $10 billion. 2005 issuance of bespoke portfolio tranches was cited by Rajan, McDermott and Roy as $294 billion. CDO tranches linked to bespoke portfolios continued to trade after the financial crisis of 2007–08 but in considerably reduced amounts. + + + + +The market for “bespoke tranches” — bundles of credit default swaps that are tied to the risk of corporate defaults — has more than doubled in the first seven months of 2017. Traders in this opaque, over-the-counter market estimate there has been issuance of $20bn to $30bn this year (2017), compared to $15bn in the whole of 2016 and $10bn in 2015. - **Financial Times** + + + +**Citigroup is the largest bank counterparty for such trades, according to investors and traders, with JPMorgan Chase and BNP Paribas also active. The resurgence of interest has pushed other banks, such as Goldman Sachs, to begin looking at expanding trading in the product as well. Banks structuring the deals say that they are more cautious this time regarding the risks of being caught with exposure on their own balance sheets. - Financial Times** + + + +Do you think they're more careful? No. They're getting greedy again. + + + +"...investors are using less leverage than was case before the financial crisis, traders say. Leverage up to 20 times is now typical, pushing returns above 5 per cent." Financial Times + + + +20X is considered safe. A 20x leverage on $500m is a lot of money. Just let it sink in. This was in 2017. + + + +Trading volumes in synthetic collateralised debt obligations linked to credit indexes are up 40% in 2019, according to JP Morgan, after topping US$200bn in 2018 on the back of three years of double-digit growth. Meanwhile, analysts predict more than US$100bn in sales of bespoke synthetic CDOs in 2019 following an estimated US$80bn of issuance last year. - Reuters + + + +Let's go over this. +In 1999 volume of CDOs was less than $10b, and by 2005 it skyrocketed to $294b. That's within 6 years. + + + +In 2015 it was approx $10b, in 2016 $15b, in 2017 it doubled to $30b, in 2018 it rocketed to $80b, and in 2019 it was over $100b. Who's to say it's current volume isn't over $150b or even $200b? We will never know, because they are unregulated. 2021 would be the 6th year from 2015. + + + +Back to Gamestop. + + + +EDIT1: Remember how the Fed and Treasury said inflation was transitory for months. Now they're saying it isn't transitory but it's within their tolerance. Bullshit. Majority of the nationa do not know what's coming. + + +These same guys are writing housing deals, remember interest rates are down to almost zero. (Correct me if I'm wrong). They're taking huge risks, everyone has access to loans, and housing prices are high. Add this to the BTOs, leverage, and Gamestop and you'd know for certain we're on.the right side the crash that's coming. I believe the Fed and the US Treasury are trying to work something out to cushion the crash. + + + +In the midst of all this, i want you to remember that the lack of access to cash/loans exercebated the effect of the 2008 crisis. People couldn't get small loans for personal care. Even though the US government gave banks billions to help them process loans, they didn't give it out. + + + +EDIT 2: In the days preceding the 2008 crash, the Fed and Treasury were scared of people finding out about thehe shit storm and pulling out their cash. If people start withdrawing from JP Morgan Chase, Citi, BoA, it's going to be a catastrophe. + + + +Today, we're DRSing and they're not able to loan out our shares. This is going to be what fucks them all. + + + +PLEASE DRS. DON'T DAY TRADE. +Last year I made a huge mistake, and I can’t get over it. It’s really impacting my mental health. I feel like such a failure and a fool. + +We listed our house for sale just before the pandemic. We didn’t need to sell, we were renting interstate and could have continued to rent it out. We weren’t under financial pressure. My husband wanted to sell so I just went along with it. We sold for $684K 12 months ago. + +We decided to take our time looking to purchase our next house as we are in a rental right now. Obviously you can see where this has gone... we still haven’t bought a house and prices are rising at what seems like $50K a month in our chosen areas. + +Two houses down that isn’t in as good of a condition, and doesn’t have a pool, sold last week for $890K. Even worse is that NOW we’re moving back and trying to buy again in that same market. + +It’s literally eating me up inside. Why was I so stupid? Why did I let people talk me into doing something that I knew was a huge mistake. + +Please tell me other people have done dumb shit like this. Please tell me I’m not the only one. +Some of you may have seen [my prior post](https://old.reddit.com/r/Superstonk/comments/sc4u7i/did_the_vw_squeeze_cause_the_20072008_crash_were/) on the VW Squeeze. In that post, you may have seen [this chart](https://www.tradingview.com/x/jCWsxLnl/) showing that the 2008 SPY crash coincided exactly with the VW squeeze. + +Well, since then I've found so much more and we need to sit down and take a look at the full story, because it is directly applicable to what we're seeing today with GME. + +##**Background**## + +Most apes know the basic story of the VW squeeze. Porsche bought up VW shares, then secretly bought calls, then announced on a weekend, and the next week VW exploded when shorts realized there was only 5% of the free float available for them to cover with. Unfortunately, this isn't the full story. The true story goes much deeper. + +Porsche began accumulating VW shares around 2005, and gradually accumulated options (both long calls and short puts) between 2005-2008, with most of the options being bought through 2007. The options were purchased through the German branch of Maple Bank, a Canadian bank arm of Maple Financial Services (now defunct). To hedge the calls it sold to Porsche (and the puts Porsche bought), Maple Financial bought VW shares and *sold* VW derivatives (swaps/futures) to hedge funds who took short positions in VW. + +##**Who was short VW?**## +The most complete list of short hedge funds I have found so far is this. I haven't dug deep into them, but here's some brief tidbits on each one: + +- Greenlight Capital (David Einhorn) +- SAC Capital (Steve Cohen, you all know this guy, of Point 72 fame. Says VW was the worst trade of his life...so far). +- Glenview Capital (Larry Robbins, grew up in Chicago) +- Marshall Wace (London hedge fund, Marshall came from Mercury Asset Management; Wace came from Deutsche Bank). +- Tiger Asia (Tiger Cubs represent!) +- Perry Capital (closed in 2016, just like Maple financial. Richard Perry, founder, also raised in Chicago, hmmm. His mother was the sister of the CEO of Bear Stearns. He worked at Goldman. His hedge fund peaked in 2007 before the VW squeeze...) +- Highside Capital (can’t find much, but they’re located on MAPLE Ave in Dallas Tx...maybe a coincidence haha [ed: this was a joke for anyone not following]) +- Lehman Brothers: famously went defunct in the 2008 financial crisis, ostensibly due to bad mortgages, but it seems they were the largest holder of toxic VW positions as well, on top of their toxic housing positions. +- Morgan Stanley (claimed they had “virtually no exposure to VW”, but virtually none means they had some, and it was heavily rumored on Wall Street). +- Goldman Sachs. You know these guys. + +##**Let's Look at VW**## + +Back to the VW chart. We have some nuances to discuss. Take a look: + +**VW Pre-Squeeze - Porsche Buy-In Phase** + +[VW 2005-2008](https://www.tradingview.com/x/YysldAhc/). This is the period Porsche was buying in. You can see the price gradually go parabolic as they accumulate more and more shares. This period is roughly analogous to the Cohen buy in period in late 2020. The VW squeeze is off screen in late 2008. Note 10/31/07 is marked. This is the peak of this VW cycle, is just a few days after the peak of SPY before the 2008 crash, and will be important for other reasons later. + +**VW's version of 2021. Meme cycles** + +[VW Oct 2007-Feb 2008, aka GME cycle](https://www.tradingview.com/x/thqOC5Cy/). This chart shows VW between 10/2007 and 2/2008. It bears a remarkable similarity to the GME chart in 2021-2022, though peaks have less magnitude, the pattern is similar. I've labelled the roughly corresponding GME dates for each peak. + +**VW Sneeze vs SPY Downturn** + +[SPY (orange) vs VW (yellow), Oct 2007](https://www.tradingview.com/x/tMriFNW0/). To the DAY, SPY will not be above this point until after the 2008 crash and subsequent recovery/bailout. Exact same day as VW's Sneeze. + +From this point, things are relatively uneventful until the VW squeeze in Oct 2008. SPY continues to drop, VW consolidates sideways/up. + +**VW Squeeze = SPY Crash** + +[SPY vs VW Squeeze](https://www.tradingview.com/x/RBp7jzoB/). You can see the previous graphs' scale in comparison. Note the largest drop in SPY coincides with the real start of the VW squeeze around 10/2/08. Note the peak of the VW squeeze on 10/28/08. Note the SPY recovery occurring simultaneously with VW settling down post squeeze in Sept 2009. + +These things alone were enough to make me suppose a connection between the VW squeeze and the 2008 crash. But wait, there's more! + +##**Banks Went Up during 2008?!?**## + +That's right apes. Feast your eyes on this. + +[Suntrust (now Truist) vs SPY 2008 Crash](https://www.tradingview.com/x/3tmLkaTB/). + +What's happening with this medium-sized bank is Sept 2008? Why is a bank having a meme spike on 9/19/08, in the middle of the 2008 financial crisis when banks were in huge trouble? You will find this same "basket spike" across multiple smaller/regional banks (and regional bank ETFs), but the bigger the bank, the smaller the spike (mostly). It's even present in Wells Fargo, but NOT present for Goldman Sachs. + +So why, did regional banks have a basket spike on 9/19/08? Well, guess what happened one day before, on Sept. 18th: + +**SEC Announces Ban on Bank Short Selling** + +[See the SEC press release here](https://www.sec.gov/news/press/2008/2008-211.htm) + +You see, there were many rumors going around in 2008 that hedge funds were actively shorting US banks into the ground heading into the financial crisis. To stop this, the SEC banned short selling of bank stocks. The next day, we saw a meme spike of bank stocks, as well as some other usual sympathetic spikes like XRT, the retail ETF (which now contains GME). + +##**Bank Spike 9/19...What Day was the VW Squeeze Again???**## + +[VW Squeeze vs Bank Spike](https://www.tradingview.com/x/3ahWExgU/) + +The VW squeeze occurred T+27 or C+39 days after the the bank meme spike. This is remarkably close to our current FTD cycles. My friend and wrinkle ape @bobsmith808 says that Market Maker FTD's are T+2 and then C+35, and that ETF and Authorized Participant FTD's are T+4-5 and then C+35 after that. The VW squeeze splits the difference and occurs T+3 then C+35 after the bank meme spike. + +**THE VW SQUEEZE OCCURS T+3 THEN C+35 AFTER THE BANK MEME SPIKE** + +Do you realize the implications of this yet? The VW squeeze was triggered by the blow up of the bank shorts. + +But wait, I thought the VW squeeze was triggered by Porsche's announcement of their call options position the weekend before the squeeze? + +##**Porsche and VW: The True Story**## + +Well, it turns out, that it was pretty well known that Porsche held a ton of VW options before they made their weekend announcement. [This excellent paper](https://zero.sci-hub.se/4919/d7b5dbc2f70fa654775765be1976f4ff/godfrey2016.pdf) (see pg 5) discusses how Porsche reported profits of $3.5b euros from VW options in it's 2006-07 annual report, how **The Economist** reported 2 months before the squeeze that Porsche holding VW options was public knowledge, and how another author named Bredoux reported in Agence France Presse (and reprinted in Asia One) that it was common knowledge that Porsche owned VW options and that expiration approached banks would need to make sure they owned VW shares. + +Huh. But I thought all the shorts were surprised at the last minute by Porsche's announcement. Yet we have multiple financial press agencies around the globe, including the freaking Economist, reporting on it. It was in their freaking Annual Report filing for Pete's sake! You think the shorts didn't know? They could even gauge roughly how much Porsche held in calls by the amount of profit, going off the amount options may have appreciated in that time. + +##**THESIS**## + +**I submit that the evidence suggests that the VW squeeze was likely actually triggered by short sale FTD's from the 9/19 bank short spike caused by the SEC's short selling ban on 9/18, and that the fallout from this added to the already bad financial crisis, to the point that the crisis didn't end until the VW squeeze was over.** + +It certainly didn't help that Porsche had cornered all the shares, or that the US banks/hedge funds that had taken short positions in VW (helped along by Porsche's partner Maple Bank) were also fucked by their shitty housing market bets, but I think the VW short squeeze was a MUCH bigger problem for the 2008 global economy than we have been led to believe. This also explains why the bailout money had to go to Wall Street. If the problem was truly just underwater mortgages, they could've just bailed out the mortgages as Jon Stewart has repeatedly pointed out. But they couldn't because they needed the money to cover other underwater short positions too. + +Otherwise, why did the crash start the same dad as VW's initial pre-squeeze spike/sneeze? Why did the recovery begin the exact same day as VW's finished squeezing and settled down to baseline? Why did the VW squeeze coincide with largest drop in SPY? + +##**STAAAHHP MY BRAIN CAN'T TAKE ANY MORE!**## + +But wait...there's more. Some of you may remember [this post of mine discussing BRK acting as a leading indicator of GME](https://old.reddit.com/r/Superstonk/comments/rw79so/berkshire_hathaway_is_an_indicator_of_gme_spikes/) + +The important part of this post is [this graph here](https://imgur.com/ntCwQ26) + +Ever since around June 2021, GME and BRK have been oddly linked, with BRK seeming to mirror GME's movements on a wide time frame (not day to day or hour to hour). Looking closer, it's actually acting as a leading indicator, but see my other post for more on that. + +I am embarrassed to admit that it took me entirely too long to go check VW vs BRK. It should have occurred to me from day one. I have now done this, and I submit for your viewing pleasure: + +[BRK vs VW 2007-2008](https://www.tradingview.com/x/XmmArWkM/) + +A few important notes: + +* Starting roughly around 10/31/07, BRK started mirroring VW's movements, just as it does with GME. +* BRK.A volume goes up by an order of magnitude, from typical volume in the hundreds of shares per day, to thousands of shares per day. We are seeing the exact same volume behavior with BRK.A since the GME debacle started in Jan 2021. +* BRK.A also has a "meme spike" on 9/19/07, which might not be surprising as many financial institutions did. VW did also. I'd be willing to bet every "basket stock" at the time did (likely banks and car companies, which were both known to be targets of short sellers at the time). +* BRK.A drops as VW squeezes (off the chart because otherwise the scale makes it hard to see the mirroring in 2007-2008) +* BRK.A volume normalizes post-VW squeeze. + +##**P.S.**## + +Remember Maple Bank? The bank that backed Porsche's non-euro options purchases? They're defunct now. Guess who handled the bankruptcy of the German Maple Bank? The same guy who handled the Bankruptcy of the German branch of Lehman Brothers. What a coincidence. Wild. + +References: + +* [Detecting the Great Short Squeeze](https://zero.sci-hub.se/4919/d7b5dbc2f70fa654775765be1976f4ff/godfrey2016.pdf) +* [Market Efficiency and Limits to Arbitrage: Evidence from the VW Short Squeeze](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2977019) +* [Lehman Bankruptcy Trustee Handles Maple Bank](https://www-reuters-com.translate.goog/article/deutschland-maple-bank-idDEKCN0VL1KK?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) +* [Some crazy german article](https://www-spiegel-de.translate.goog/wirtschaft/verfall-von-vw-optionen-porsche-droht-schwarzer-freitag-a-631120.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) +* All sorts of other random press about the VW squeeze from NYT, WSJ and a million other places I can't even begin to parse, but most of this is from the above sources + +##**TL;DR**## + +VW was shorted all to fuck and likely played a larger role in the 2008 crash than we've been led to believe. Banks were being shorted all to hell and the SEC issued a ban on bank shorting, leading to a "bank meme/basket spike" the next day, and VW FTD's T+3+C35 later, just like we see now. BRK is also involved in both VW and GME somehow, probably through a swap/derivative. Burn it all down. +In an attempt to win Free Crypto by participating in [This Promotion](https://www.bk.com/crypto), I ate burger king for 21 days straight so you didn't have to. + +You can't win if you don't play, Reddit. Here's how it went: + +Day 1 - 8pc Ghost Pepper Nugs, Cheeseburger, Hershey's Sundae Pie - Total = $5.45 - **1 DOGE** + +Day 2 - 8pc Nugget(they were out of Ghost Pepper), Small Onion Ring, Hershey's Pie(these are dangerous) - Total = $6.31 - **1 DOGE** + +Day 3 - 8pc Ghost Pepper Nugs, Rodeo Burger, Hershey's Pie, ordered delivery today - Total = $13.74 - **1 DOGE** + +Day 4 - This was a weird one. I actually tried to order delivery through the app, and the order failed because my nearest store was currently closed/not accepting orders. Still got the reward email and claimed it. Total = $0 - **1 DOGE** + +Day 5 - Rodeo Burger, 3x Applesauce, lol really was not feeling BK today. - Total = $5.88 - **1 DOGE** + +Day 6 - Ch'King Deluxe Sandwich - Total = $5.90 - **1 DOGE** + +Day 7 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 8 - Impossible Whopper - Total = $6.98 - **1 DOGE** + +Day 9 - 2 Hershey's Pies for delivery lol - Total = $12.63 - **1 DOGE** + +Day 10 - Sausage, Egg, & Cheese Biscuit, Med Hash Browns - Total = $6.00 - **1 DOGE** + +Day 11 - Rodeo Burger, Med Fry, Hershey's Pie - Total = $5.78 - **1 DOGE** + +Day 12 - Big Fish Sandwich, Impossible Whopper, Hershey's Pie (roommate wanted food too) - Total = $14.38 - **1 DOGE** + +Day 13 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 14 - 8pc Ghost Pepper Nugs, Double Cheeseburger, Hershey's Pie - Total = $6.31 - **1 DOGE** + +Day 15 - Med Fry, Rodeo Burger, 4pc Ghost Pepper Nugs, Hershey's Pie - Total = $7.17 - **1 DOGE** + +Day 16 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 17 - 3x Hershey's Pie (I'm so sick of Burger King lol) - Total = $6.42 - **1 DOGE** + +Day 18 - 2x 8pc Nugs, Lg Fry - Total = $6.10 - **1 DOGE** + +Day 19 - Ch'King Deluxe Sandwich - Total = $5.90 - **1 DOGE** + +Day 20 - 8pc Ghost Pepper Nugs, Medium Fry, 3x Hershey's Pies(roommates wanted some lol) - Total = $10.59 - **1 DOGE** + +Day 21 - Bacon Cheeseburger, Small Onion Ring, Hershey's Pie - Total = $6.85 - **1 DOGE** + +**Results:** + +Total Spent = $154.92 + +Total Earned = You guessed it! **21 bright shiny Dogecoins**. = **$4.81** (at time of posting) + +[much wow](https://preview.redd.it/001anktlzz081.jpg?width=1080&format=pjpg&auto=webp&s=f52739a88140d6a3a797334f4998e39603c01030) + +I won't be eating Burger King, or likely any fast food for a *long* time. + +Edit: Many people seem to be oblivious to the fact that there was a chance to win BTC and ETH as well. I wasn't just eating Burger King for one guaranteed DOGE every day. + +Apes, you ever held something for 6 months and wake up one day fucking sick and tired of Games Kenny plays? That was me on Wednesday. For the love of Harambe, I’ve had enough of the corruption. + +Well, strap in. I’m jacked to my tits and I’ve got some dates for you. + +**Saturday June 12th-Tuesday June 15th-** [E3, biggest gaming industry event usually with lots of good news and announcements. PC Mag has the deets for you.](https://www.pcgamer.com/e3-2021-schedule-dates-lineup/) Thanks to several Gamer Apes in the comments. + +Rumor: managers at GameStop have been told to expect something big the 15th to coincide with E3 but haven’t been told what. See comments. + + +**Monday June 14th-** Small T+21 FTD date from May 21 (according to some monkeys on Discord. Correct if wrong. It’s not big volume). + +Am leaving this so you can keep an eye on it but u/criand may have disapproved his own FTD theory for the new, sexy, holy fuck net capital theory. [And holy fuck, I am jacked. Go read it. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + + + +**Tuesday June 15th-** [Emergency Meeting at the Fed](https://www.reddit.com/r/Superstonk/comments/nxnyxf/emergency_fed_meeting_called_for_tuesday_june_15/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb) credit to Smart Ape u/TreeSquid007 for reading good. + +*Wut doing JPow?* + +Edit: apes in the comments say this is a normally scheduled meeting with standard language. But you know they are talking about us. + +**June 15th-16th-** JPow do a meet about raising interest rates. The Federal Open Market Committee (FOMC). + + +**To those of you who can only focus on the next date out of all the dates and rocket fuel here and have to comment, fuck off. Tell your wife to top up my cell phone so I can FaceTime her tonight. She keeps begging me to switch teams. She says you’ve got a tool you don’t know how to use.** + +Now keep reading. + + +**Friday June 18-** [Quadruple Witching Day](https://investinganswers.com/dictionary/q/quadruple-witching) + +*What Is Quadruple Witching?* + +Quadruple witching (also called "quad witching") refers to the third Friday of every March, June, September and December. On these days, derivatives (e.g. market index futures, options futures, stock options, stock futures) expire, usually resulting in **increased volatility**. + +You know what I like? Volatility. You don’t scare me anymore, Kenny. I’m into that shit. I’ve got daddy **and** mommy issues. + +I know the last one was a letdown. Don’t focus on one date. + +Edit: Wrinkly Ape u/Francis46n2WSB pointed out last Quad Witching wasn’t normal and Kenny was stressed. + +*The last quadruple witching day was not a letdown, it had an enormous explosion in volatility. + +What happened was, if you check the charts you'll notice, Kenny and friends massively suppressed the the price so that the volatility wouldn't be noticed. I compare it to diving and laying over a grenade. + +This time I think they're running out of stuff to contain the blast.* + + + +**Also on Friday June 18th** [Some crazy junk bond shit](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_medium=android_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_source=share) that everyone is balls deep in except us and Goldman Sacks. Thanks to Literate Ape u/Get-It-Got for this one. Go put some wrinkles on this one. OP is asking for more eyes. + + +**Also Friday June 18th-** tons of SPY puts. Usually about a billion. At 60 billion. Thanks to SPY ape u/rabsgood. We aren’t sure what this means. Could be nothing. Could be fuckery. + + +**Monday June 21st-** NSCC 002 most likely falls into place. You know what that means? More on NSCC 002 below. Marge is a demanding bitch. + +**Also June 21st-** ~~Aussie~~ Ape Matt Furlong becomes CEO of GameStop. + +Detail Ape clarified Matty isn’t from Oz….just ran the Amazon for them for 2 years. 8 years total at Amazon. Welcome back to cold Christmas, my dude. I hear Texas has snow now. + +**Tuesday June 22nd to Thursday June 24th-** Net Capital, aka margin call spikes. u/criand has redone his FTD predictions to include Net Capital, AKA margin call requirements. [here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +**Wednesday June 23rd and +Thursday June 24-** Big Wrinkly Brain Ape u/criand says another FTD cycle. [Danger Zone 2 here](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) and [comment from today here](https://www.reddit.com/r/Superstonk/comments/nxajjj/comment/h1fns10) **see above for new Net Capital updates from criand. + + +**Thursday June 24th-** Kenny wants to look clean and tidy for FINRA. Cleans up his shorts to make a pretty for the paper. Short interest report day from [FINRA. ](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) often causes the price to rise. It’s GME so expect it to fall, even if they reveal it’s shorted 2000% (they won’t). Thanks to new redditor u/Superstonkfollow for the message. + + Look at previous FINA SI receipt dates. 27 Jan. 9 Feb. 24 Feb. 9 Mar. 24 Mar. 12 Apr. 26 Apr. 11 May. 25 May. 9 June. Overlap with the T+21/ T+35 on 24 Feb, 26 Apr, 25 May. [When the dates align, the wombo combo happens](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/?utm_source=reddit&amp;amp;amp;amp;amp;amp;utm_medium=usertext&amp;amp;amp;amp;amp;amp;utm_name=stocks&amp;amp;amp;amp;amp;amp;utm_content=t1_h0qiqzc) u/criand got another wombo wrinkle. Thanks again to u/superstonkfollow for putting all that together. + +**Friday June 25th-** JPow wants 715 BILLION in reverse repo payments back. [Holy Fuck. ](https://www.federalreserve.gov/releases/h41/current/h41.pdf) Thanks to Detail Ape u/aquadisaster for the wrinkle. + + +**Also Friday June 25th-** Mr. Russell Gets a Extreme Stonk Makeover….. after hours. See [this thread](https://www.reddit.com/r/Superstonk/comments/nxjvpg/gme_russell_1000_rebalance_day_and_t21_and_t35/) from Wrinkly Ape u/vierzehnter for in depth Mr. Russell wardrobe change analysis. + +But the summary is this: paraphrasing OG Wrinky Ape d/lauer…..**Russell rebalance is volatile AF**. + +Papa Cohen said to buckle up. + + + + +**Monday June 28th** First day of trading after Mr. Russell gets a makeover + +###AND + +T+35 FTD date according to Math Ape u/Unsure_if_relevant Check out criands new [Net Capital 21 Day Loop here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + +EDIT: wrong year. Another ape caught it. June 2023. ~~Wednesday June 30th-US switches from LIBOR to SOFR. Fuck if I remember what any of this means. LIBOR is the The London Inter-bank Offered Rate. SOFR is Secured Overnight Financing Rate. + +This is the rate which determines how much it costs BofA to borrow from Wells, etc. Ape do a wrinkle and link and explain more, pls and thank. + +New redidior u/SuperStonkFollow linked me to Big Wrinkly Mod Ape u/sharkbaitlol’s Magnum Opus [Chaos Theory involving LIBOR and SOFR](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and holy fuck. I can’t sum it up. Go read it again. + +Holy fuck moment: SOFR the last time it was attempted to transitioned into (in 2019) almost IMPLODED the market due to many realizing that banks and others could not handle a higher interest rate (based off the DAILY TRESURY YIELD RATE) versus the fabricated one that banks provide. + + +This can be postponed……again. someone call JPow and tell him we are done fucking around.~~ + +LIBOR to SOFR isn’t happening until June 30, 2023. + +But I’ll still jacked. + +Add this with reverse repo and I’m jacked. + +**Monday July 5th** just a reminder the casino is closed ~~so that Kenny and Steve and Gabe and Mikey can have a much deserved day of rest~~ Murica celebrates its birthday, Bitches. + + + +**Wednesday July 14th** GameStops NFT on E-network word I can’t say ~~but I can’t find thread. Linky me, pls.~~ High tech Ape says more [here. ](https://www.reddit.com/r/GME/comments/nkzqyv/gamestop_crypto_or_nft_to_go_live_july_14_2021_at/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + + +**Friday July 16** [Crazy high option volume](https://gme.crazyawesomecompany.com) + + +**Also Friday July 16th-** crazy amount of SPY puts. Could be nothing. Could be sus. Keep an eye peeled. + +**Monday July 26th-** 21 Day Net Capital cycle. Fresh off the press from criand. [Here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf) + + + +**Monday August 16th-** T+21 for the July 16th giant tidal wave of options + + +**Friday August 20th-** T+35 for July 16th tidal wave 🌊 + + + + +**Do you see why I’m jacked??** + +Now a note on NSCC 002/801 because everyone seems to be confused. This is *the* margin call rule. + +Marge: Hello, Kenny? It’s Marge. + +Kenny, peeing his pants: Yes, Marge? + +Marge: Pay me more money. You’ve got 1 hour. + +No more days to fuck around and come up with funds. + +**Now I want to clarify here because I see a lot of misconception floating around this jungle about Marge.** + +When Marge calls, hedgies can meet their margin, meaning they can deposit more funds with their co-conspirators the DTCC and NSCC and keep on trading. + +**A margin call doesn’t automatically mean default or MOASS.** + +Funny, cause if Marge calls my dumb ass I can’t trade the rest of the day until I get my balance over 25k, so most likely out two days while my wire goes through. But Kenny and Steve and Gabe are special and previously they had **days** to meet their margin call. + +Apes seem to think that when Marge calls, it’s game over for the hedgies. Not true. They’ve probably already been margin called and met their margin requirements several times already. But now they only have 1 hour. + +It’s when they can’t meet their margin calls that shit gets fun. Once 002 is in place, 1 hour. I expect to see more sell offs of their long positions when this happens. And I can’t wait. Isn’t Citadel long on Tesla and Burry short? + +Now, when they can’t meet their margin (or supplemental liquidity requirements) that’s when they default. Default is what we are waiting for, my ape relations. + +When default happens, that’s when the DTC computer starts closing positions. Computer don’t care how many zeros. [More about that process here.](https://www.reddit.com/r/Superstonk/comments/nvrouv/i_feel_like_this_deserves_its_own_post_remember/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb) + +Also remember there are multiple hedgies playing fuck you in the ass here. + +My guess (and I’m a dumb internet ape so don’t listen to me or take this as financial advice) is that when the price skyrockets, the not quite as dumb hedgies will try to get out first and save themselves and add fuel to the fire. + +Expect trading halts. Expect wild swings. Expect the rest of the market in the red and VIX going crazy. That’s when you know MOASS is here. + +**Note I’m not saying MOASS will start when 002 falls into place. I’m saying 002 tightens the noose.** + +NSCC 002 is the rule that makes 801 actually work, in case you’re keeping track. + +Thanks to Smart Astronaut Ape u/MoonTellsMeASecret for this [801/NSCC 002 Ape Guide Here](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf). + + + + +Now some of you wrinkly brains are wondering where is DTC 005. + +u/Existing-Reference53 did an email [with the DTC](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) and they say it’s being reformatted and posted soon. + +DTC 005 is the rule that says Bad Kenny can’t hide his dirty undies in the options anymore. Some apes say it’s mission critical. Some say not. I’m too dumb to weight in on this. + +Wut doing [Mikey](https://www.dtcc.com/about/leadership/board)? DTC need to borrow my paid license for Microsoft Word to hurry up that formatting? DM me. I’ll hook you up. + + +But I smell a fucky here. If it is the lynchpin and I was DTC Mikey and also a co-conspirator in massive fraud (Lawyer Ape Wes said trillions in fraud in our lifetimes) I would hold it back as long I could too. My guess is they are waiting for the first wave of defaults and it will magically be done with formatting. According to the emails once it’s published it is approved. + + + +Which leads me to this. My End Game Theory: No one wants to be a market manipulator or set off The Greatest Transfer of Wealth EVER. No one will force it. Not BlackRock. Not the DTC. Not GameStop or Papa Cohen. + +It will happen when it happens. No dates, but taking all these things into account…..soon. + +Kenny and Steve and Gabe and Mikey want it to be bad enough they can get a bailout. Then they can blame us. + +[That scene in The Big Short about the bailout rattles in my mind.](https://youtu.be/RvI5mN3RIAI) Steve Carrell says “Paulson and Bernanke just left the White House. There’s going to be a bailout.” + +[Guess where former Fed Chair Ben Bernanke works now?](https://www.citadel.com/leadership/dr-ben-s-bernanke/) He’s probably helping write the bailout as we speak. Remember, this is bigger than Kenny and Steve and Gabe. This is also Mikey at the DTC. It’s the prime brokers. It’s the banks. The ones who allowed illegal naked shorting to happen. + + + + +Also. Don’t forget. Fed Repo rate breaking records daily. Elliot Wave guy says up. Sign Guy is epic. DFV still in. Papa Cohen in the Cap’n seat of the rocket. + +Your homework this weekend: hydrate. Play. Leave the basement and get some sun on your skin. For fucks sake, watch The Big Short if you haven’t already. It’s free in the US on Hoopla with a library card if you’re temporarily broke AF (because you’re about to be rich). If someone will willingly and enthusiastically consent to shagging you then do that too. + +Film Noir Ape u/Best_Account also recommends you watch [The Inside Job (YT)](https://youtu.be/T2IaJwkqgPk) and [Princes of the Yen (YT)](https://youtu.be/5-IZZxyb1GI) to the weekend watch list. + +I also recommend Margin Call and Billions. And The Big Short book is even crazier than the movie. + +If you’ve got any other important dates let me know and I’ll add them here. Them just corrected to 🌝. It’s a sign. + +Past 4pm my time. Signing off for a strong beverage. + +Buckle up. + +TL,DR: just skim for FFS. + +Lots of fuel in the rocket. Andromeda called. She’s ready for the apes. + + +Thanks for all the awards! I’ve had so many anonymous ones I’m going to pretend both DFV and Papa Cohen have sent at least one each. + +Edit again: Jesus H. Roosevelt Christ. I mention Quadruple Witching Day as 1 of 20 other dates with things going on and it’s all some of you can see. STFU and read the rest. +I was born into poverty. Grew up with free school lunches and food stamps. Once I reached adulthood, it was many years of therapy, doctors, and wasted years trying to find a balance within myself to overcome childhood trauma. + +Two months from my 34th birthday, this last Friday, I reported my new income to DSHS and will no longer recieve food stamps. I also signed on to my new job's medical insurance. + +I am gainfully employed (only because I live VERY humbly) with a credit score of 730. No debt other than a car loan and two credit cards that I monitor and pay off monthly. + +It's something I felt like celebrating, but still feel a bit of shame about how long it took me. This sub has always been great and given me a good push. + +Thank you all. ♡ +Honestly don't think its market manipulation like what WSB claims (i.e short ladder attacks). I already mentioned this here, but there are probably hedge funds who haven't shorted Gamestop who gauged the insane market sentiment of retail investors. So they rode the BB/AMC/NOK/GME wave, and then pulled out leaving retail as the bag holders. + +But unlike AMC, NOK and GME, BB finally broke out of the correlation, and traded upward today. Which is a good sign and maybe due to the common sentiment that it's very undervalued and potentially has a very bright future with the IoT and EV market. + +Fidelity Research gives it an average analyst score rating of 8.9/10 (9-10 is in the very bullish range), with the most notable analyst being Zacks Ranking. Seeking Alpha seems to place it at a fair value price of around $15-17. It's now around $12. Let's see how this plays out. + +My current cost basis is $15. +Let’s say that you have %100 equity in your home and you could sell it right now. Would you buy rental properties in landlord friendly states? I have about 400k to play with and I could buy 18 properties right now with %20 on each rental and make about 7500 a month. After 30 years 14,000 a month would you bite or maybe this is too good to be true? +Biden expected to beg for higher oil production from the man he called a pariah. What makes the difference if the oil production comes from Saudia Arabia or the US? Why doesn't he just grant the oil permits and OK the pipeline. Better the money goes to the US than Saudi Arabia and Russia. It doesn't change the fossil fuel equation as to who produces it. + + [Biden’s Saudi ‘Pariah’ Strategy Crumbles With World Craving Oil (yahoo.com)](https://finance.yahoo.com/news/biden-visit-saudi-arabia-july-120000326.html) +Do you enjoy having a large home, or do you regret buying a home with so much space? + +We are two people with no kids and we use around 20% of our house- our bedroom, and a kitchen/dining area/living room open space at the back of our home (our second home, where we are currently). At our other main home, we use our bedroom, kitchen, and gym (plus where I keep my clothes). + +When my husband retires, I might continue working, but if I stop working at my current job, we might sell the one home and buy somewhere warm, possibly Naples. I have been looking at huge homes though. When I go into something that is even 5k sq ft, I think it is small. We have looked at homes in FL and in TN. Right now, we are not using our space, but the idea of something larger is what I am drawn to. + +What has been your experience? + +(Something with this amount of space, on a few acres, I don't love the house, but I like the idea of it. Having 5k sq ft on one floor would help if I took my mom and step-dad with me since they are getting older) +https://www.realtor.com/realestateandhomes-detail/1577-Lyons-Bend-Rd_Knoxville_TN_37919_M74598-41773?ex=2944420289 + +Or, this. https://www.realtor.com/realestateandhomes-detail/4582-Gravelly-Hills-Rd_Louisville_TN_37777_M78555-98929?ex=2942611155 +I'm a small ape. I'm trying to make sure my son never has to work a day in his life if he doesn't want to. I'm on the paycheck to paycheck train and was able to take some profits from the sticky floors and turn them into (I hope) rocket fuel. + +There's a lot of acrimony between the two (although the popcorn eating apes insist we're all friends). I just need to know if I made the right move. + +Edit: feeling the hugely warm welcome -- thanks apes and apettes. Not sure why some comments are being downvoted, but I'm feeling good about my decision and I'm trying to add some wrinkles to my brain. + +Edit 2: to clarify, I don't want my son to *have* to work. I'm still going to *ensure that he develops a work ethic*. Hell, *I'm* still going to work after this all shakes out. I might keep my tendies a secret from him until he's 25. He's still a tiny tot so there's a lot of time but I appreciate all of the comments below about not raising a lazy pos. Cheers! +I was told that I'm too young for dividends, that they're meant for old timers who can draw it out to live out their retirement. But I'm genuinely interested in investing in dividend stocks and ETFs for the sole purpose of monthly income. The thought of making an extra $100 - $500 a month from simply holding stocks sounds appealing. I understand this will take time but is anyone doing this or has thoughts, input? +I’m looking for any advice on what stocks to buy for long term investments. I have 10k invested currently. In a year I’ve seen around $1,500 in growth on my account. Not sure if that’s a good amount but I take it as a win since a savings account barely gives any interest. My investments include AIV, TSLA, PFE, VOO, OMP, MAIN, AAPL, IRCP, ARC, SCHD, and another like 12 stocks. Sometimes I wonder if I may be invested in too many things is that possible? Not everything I invest in is for dividends of course. Any suggestions or if any of you like to invest in any that I listed I’d love to hear your advice. I’m mostly trying to grow my money for retirement so I do not have to depend on anything else for that. I have only touched half of my savings to invest and have the other half put away as I still feel like I have a lot to learn. +Edit: my dividends automatically reinvest themselves +>Tesla delivered a record 112,000 vehicles globally during the fourth quarter, significantly topping Wall Street estimates and achieving an ambitious year-end sales goal of CEO Elon Musk. + + +>Wall Street expected Tesla to deliver 106,000 vehicles to customers during the fourth quarter, which would have just met the company’s annual delivery goal of between 360,000 and 400,000 vehicles, a 45% to 65% increase from 2018. + + +[CNBC](https://www.cnbc.com/2020/01/03/tesla-tsla-4q-2019-production-and-delivery-numbers.html) + +[TSLA share price](https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch) +Hey guys. One last big dramatic post, even though it feels kind of awkward now since I had no idea I'd attract as much attention as I did with [the one yesterday](https://www.reddit.com/r/ethtrader/comments/9e24cl/daily_general_discussion_september_8_2018/e5mdelz/). But a few people asked directly what happened and I feel like I ought to do this. (u/trb0x, u/NefariousNaz) + +The amount of self-reflection and encouragement I received was astonishing. And u/jtnichol thank you for the gold! I’ve got a lot of respect for you as a moderator and you’ve been great pulling the sub together this last few weeks especially. + +So I was going into the field for drill (National Guard Reserves US) and I wasn't going to have an opportunity to sell a little peth at a time and edge my liquidation down as u/TheRealDatapunk suggested. When I got back today I saw the amazing reactions to my post and saw that the PETH/Eth ratio changed slightly to put my liquidation at 184.xx. As you guys may have seen, we went to 185.01 on Binance. I took advantage of this bounce to drop the liquidation price again to 165 by selling PETH bit by bit, I'll probably try to lower it further tonight, but I’ve made my peace with getting squeezed out if it happens. It still feels horrible to sell Eth for less than half my avg cost, but it is what it is. + + I feel lucky (For now, although I know we are likely to keep dropping), and also awful for other people that got squeezed so far. u/JakovTheJakovasaur, u/BakedEnt, u/richyboycaldo, I hope you guys made it I really do. It got me thinking: Part of what grew Bitcoin into what it is today was the community. And this sub is a stellar (no pun intended) example of that. We're a community. We talk about the latest toys like Augur or God's Unchained, debate the politics of issuance and such, and provide support and advice for one another. We are all here because we saw the same thing and recognized its’ value. + + These losses suck. We may love the tech but we all invested for the money. Like I said this has been a hard lesson, but even if ETH continues to tank and never recovers to ATH (I still know it can, but if it doesn’t…) then we’ll still be a community of people enthralled by the evolution of this wonderful protocol, and the crypto space in general. The ecosystem won’t die because the price can’t hit 1000 again. + + Looking through the sub I can’t see how any but the most desperate and sadistic trolls would really be entertained considering how well people have been handling their liquidations and supporting one another. We are not undignified, we are not a laughing stock, because we knew what we were getting ourselves into when we signed up for this roller-coaster. +I just want to emphasize again how blown away by what an amazing community this is, and I’m right there with all y’all with heavy losses. +To answer u/91143fd7dc4a5c4e7e74 My loss so far is in the five-figure range. And is (was) most of my savings. It is more than some of you, and less than others. + +I’m young and inexperienced. It isn’t the end of the world for me, and it isn’t for any of you either. Don’t let anyone make you feel bad about taking the gamble and putting your money where your beliefs were. Even if it only turned out to be a costly lesson. Take the lesson to heart. Be careful with leverage, diversify (Not just in coins, mind you), never assume you know how far the market “can” go, don’t dismiss the bears entirely, be scrutinizing about the timing of your investment, and don’t FOMO even if you think what you see is cheap. This isn’t your only opportunity to achieve wealth in life, and wealth isn’t all there is to life anyway. I think I am still gonna prowl the sub every so often, but I’m definitely taking a break. + +Anyone that actually read all of this I hope you got something out of it, and l wish you the best! (Even the shorters…good game.) +Correct me if I am wrong but I came to this theory as I did some accounting/bookkeeping for a day trader. + +Trading money is very volatile. Some days you make 10, next day your up 20, third day you are down 50 etc...This is even with swing trading you will lose money on some swings, even options which seem like throwing money in the air predicting the future. This is hit and miss. + +Sure with consistency you will end with profits at the end of the year. The main way the 10% of traders make money is they make some "trading strategy," and end up selling courses on the strategy, and also make a platform where they share trades and people paying monthly subscriptions, make a book and people buy their trading book...etc. I saw that this is consistant and stable income from my day trading friend who is a successful day trader...he simply makes money from the 90% of day traders who pay him for courses, subscriptions, books, classes etc. + +I guess what I am trying to say is unless you are like my friend who is dedicating his life to trading and teaching you are better off long term investing, learning a skill which will lead to higher pay and equity and consistent income. + +Correct me if I am wrong. + +Edit: Thanks for the comments everyone, important knowledge to be learned! +I don't know if this can help anyone out but across 1000 trades all at the open, I nailed 540. + +Trades made after 10:00 I nailed 730 out of 1000. + + I will no longer be trading the open ever again, it just doesn't work for me, I did not expect this at all. That difference is seriously beyond comprehension to me. + +I'm only sharing maybe this can help a few people out. +I coded a trading bot that currently uses Interactive Brokers API for both data and trades. It is written in python on Linux. It is profitable but occasionally misses fills. It buys at the ask and shorts at the bid with limit orders. If it were able to get these fills, it would be more profitable. + +So, I assume that if the whole process is made faster, it can get better fills. I plan to rewrite the system in C++, but that is a small part of the delay. I am also willing to go with collocation, to reduce transmission times. My trades are all Nasdaq stocks. + +I suspect the big delays are with IB’s data and order execution. IB’s conglomerated data is notoriously slow. I’m not certain how to time their order execution. + +So, what are good choices for my needs? What brokers and data sources? I don’t need the absolute fastest. I just want data and execution that are substantially better than IB. I’m under no delusion that I can compete with the fastest firms. +I'm curious if my understanding on this is even remotely correct: + +By reducing interest rates banks and other institutions can borrow more money for the same ongoing cost. With an increase in money available they're able to buy more stuff which create scarcity which leads to increased prices as people try to outbid each other for these things which decreases the value of money i.e. inflation. + +Corporations are using these lower cost loans to invest in their companies (good) or do things like buy back stocks (not so good, though I guess the people who sold their stock can reinvest elsewhere?). + +However there must be some sort of break between lower cost loans making corporations flush with cash and them making middle class more flush with cash (middle class being the bulk of the population). More production should make essentials cheaper leaving more money on hand and increasing inflation. So my suspicion is that it's a combination of stagnated wage growth over the last few decades and that that wage growth is first needed to create inflation, and that those who do have cash/the ability to take out loans primarily use it to buy houses instead of investing in other things. + +While house prices going up does lead to more being built, I suspect the economic growth here is smaller per dollar spent that in other industries as much of the money is swallowed up by illogical house price increases instead of new builds (illogical as in house prices go up faster than rent so the IRR is not very good). Most of that being driven by "mom and pop" investors investing in the only thing they "know": houses. + +Is this anywhere near what actual economists think? If not can someone point me towards their reasoning? +I don’t understand how inheritance is justified in a free market? Won’t incentives to work decrease if wealth is concentrated and held throughout generations for both workers being able earn and inheritors not needing to work? I’m curious as to what a classical liberal view of this looks like? +I imagine corruption as a way to lose meaningful value due to some form of theft, faking or lying. Not necessarily illegal corruption. Then I could imagine a model where a free market has a natural deterrence effect. But a free market with lots of aggressive competition may not be optimal for economies of scale, which may be a significant loss of value too. Even worse with commercial wars. + +How do things balance out. Are there complex models for this, maybe even computer simulations? + +Please give mostly technical answers. I want to respect the no debate or minimal debate rule. Corruption can be a sensible issue. +I remember questions in this sub asking about Minance's fancy-looking models, and (edit) ~~my~~ many responses dissuading such flings. They started 'defaulting' some months ago. ET ran good articles on this, but they were paywalled inside ET Prime. + +SEBI's actions have been taken on 'smaller' issues that flouted the IA norms. But they have given a pretty stiff penalty. This is actually a good precedent. There are many well-known situations where notorious wrong-doers have been caught for smaller offences which are easier to prove. + +One source: [https://www.thenewsminute.com/article/sebi-bans-bengaluru-based-minance-and-its-founder-anurag-bhatia-capital-markets-136058](https://www.thenewsminute.com/article/sebi-bans-bengaluru-based-minance-and-its-founder-anurag-bhatia-capital-markets-136058) + +Edit for the missing disclaimer: I am an Investment Advisor too, and have faced the repercussions of misdeeds by IAs like Minance. SEBI has stiffened the rules significantly for these intermediaries. +A very broad question, but I realized there are multiple investments/assets and general things to track. + +Such as: + +1. Investments + 1. Stocks + 2. MFs + 3. FDs + 4. Savings +2. Insurance + 1. Health + 2. Life + 3. Vehicle + 4. Property +3. Income + 1. Salary + 2. Rent +4. Daily Expenditure (Budget tracking) + +The list goes on. It's easy to let's say loose track of when your health insurance lapses or your exact net worth at a given time. How do you go about this? + +I face this issue, wanted to validate if this is a broader problem and if so would you be willing to use a privacy focused service where you can insert and track all this data. Also, would you be willing to pay for such a service. +They’re priming the pump now, using the current real squeeze as the groundwork for their future scam. Once GME squeezes to unimaginable heights there are going to be millions upon millions of dumb money retail investors around the world kicking themselves for missing out. They’ll be desperate to get in on the next one, without realizing that short squeezes were exceedingly rare events even before all the new DTCC rules went into place to make sure one of any significant magnitude never happens again. + +What they’ll do is report high short interest in a security that they have complete control over, the media will cover it extensively as bad actors go long with a big enough position that the price starts running. Then the normies will pile in thinking it’s a squeeze. Then the bad actors will dump it at their desired high price point. In retrospect the chart will look like a squeeze actually did occur but really it will have been a pump and dump disguised as a squeeze. +# DRS Guide [Here](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3). + +It's that time again, yet another AMA request post! + +You'll likely recognise her name from this recent post among others: + +[https://www.reddit.com/r/Superstonk/comments/sisqv9/lisa\_braganca\_is\_doubling\_down\_on\_her\_claims\_of/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sisqv9/lisa_braganca_is_doubling_down_on_her_claims_of/?utm_source=share&utm_medium=web2x&context=3) + +*Questions will remain open until the start of the weekend (EST), and recording will take place in early March, so expect this AMA to be out around that time.* + +**Do what you do best, ask away! Even if you're unable to comment due to karma reqs, comment and I'll be able to see them during my collation process - so don't let that inhibit you.** + + \------------------------------------------ + +Find below a blurb about her experience, history, and disclaimer that she provided us: + + \------------------------------------------ + +I'm Lisa Bragança, an investor advocate, securities regulation attorney, mother, dogmom, and electric guitar and bass player. I was a Branch Chief for the SEC Division of Enforcement about 20 years ago where I conducted and supervised investigations into alleged manipulative trading, insider trading, and many types of fraud. Now I represent investors who have been defrauded, whistleblowers, and individuals and businesses responding to subpoenas or other inquiries from securities and financial regulators. + +In the US, we have an incredibly arcane and complicated system of regulation of financial markets that includes the CFTC, CFPB, SEC, FINRA, state securities regulators, state insurance regulators, state money transmission regulators, not to mention numerous federal banking regulators (Federal Reserve, OCC, FDIC, etc). This does not include the regulations that apply more generally to business conduct like regulation by the FTC, state attorneys general, etc. + +I can’t commit to answering all questions because (1) I have current clients to whom I owe a duty not to say or do anything that might harm their cases, and (2) I do not actively keep up with CFTC, FTC, CFPB, and banking regulation other than when they intersect with securities regulation. That said, I will do my best.  + +My law firm is Bragança Law LLC, with a website at [www.SECDefenseAttorney.com](http://www.secdefenseattorney.com/). You can find me on Twitter at @LisaBraganca. My firm has pages on LinkedIn and Facebook. I am new on Reddit as u/FormerSECDefenseAttorney. + +DISCLAIMER: Nothing in this post creates an attorney/client relationship. I can provide information and my opinions about the law but not legal guidance. The specific facts matter, and you should always seek an attorney and not rely on what I am saying here. My goal is to help you understand and to help your advocacy. As required by some attorney regulators in the USA and other countries, I state that this is attorney advertising. + + \------------------------------------------ + +**Please note, the IEX AMA will be out soon - doing AMAs with companies involves more hoops, given the legal/compliance reviews they need to undertake before we post them (better safe than sorry, as the saying goes).** +Nayib Bukeke has been catching flak from all sides as many have questioned his decisions to buy Bitcoin. He recently bought the dip. + +[However as the dip dipped, he has changed his profile picture. ](https://preview.redd.it/goninpvicdd81.jpg?width=1400&format=pjpg&auto=webp&s=5dac20d1b67f6706d4bc173e3858a6e6e7c043c8) + +Atleast he is owning it. Though some will say its not his money, its his country's money, but a lot of El Salvador's economy now depends on Bitcoin - from volcano mining, and now their bitcoin bonds that are going to be issued for raising funds after El Salvador showed the finger to IMF. + +Some people take hard and painful decisions in these times, that can cause pain to family and friends. Its worth remembering that money is not everything. + +If you have lost an obscene amount of unrealised gains, its best to make peace with it than to keep beating yourself up over it. + +Edit: LOL so many people embarrassing themselves and crying in comments. Looks like after this crash, a sense of humor is out of their budget + +Edit 2: The hot takes here from a lot of trolls coming in from other subs like r/technology are ridiculous. Let El Salvador/Bukele do what he wants to do, give him the time to decide if the experiment has failed or not. If it fails, so be it. I mean thousands of government policies have failed. + +He isnt buying BTC to get rich over night. Its a long term policy decision for him. While you claim he is wasting tax payer money, he is actually putting his reputation on the chopping block here, which is more than anything you can claim. If his economy collapses, its gonna be him on the opposite end of a coup or worse. That country is no stranger to presidents being overthrown in violence. + +All the big brains here concerned about El Salvador's economy imploding all of a sudden, where were all of you 3 years ago when the nation was just the same, warn torn and filled with cartels? You didnt care then when the past presidents over ran the country with gang violence? Oh yeah, you didnt even know the country existed. Now that they are trying something new with BTC, it suddenly hurts your feelings so much. + +El Salvador have already started mining BTC from volcano energy that was being wasted, it represents a completely new income stream in a country that mainly depends only on tourism and remittances. Many reports already suggest the locals are able to save middle men fees by using BTC, while kicking out predators like Western Union. +He has kicked IMF out, American media will do everything to portray him in a bad light and all you will parrot what you read in the media. +Where were you guys when US Fed doubled the supply of USD in 1 year, printing relentlessly while other countries that depended on USD had no way to print any USD and had to bear the brunt of rampant inflation as they were hopelessly tied to USD? Of course, you never bothered to find out the reality of whats going on in other countries that used USD, while the Fed inflated it away. +Now that he is trying something new to pivot away from BTC, and its not even been a year into a long term project, but you are ready to pass your judgements. + +Just a standard bunch of hypocrites. Nothing to see +This happened a few months ago but it still shocks me a bit. + +It started out around noon. I got an email saying someone tried to reset my password. I ignored it. + +Hours later I got a call from someone pretending to be from venmo; very professional sounding. Said they had a breach on my account and asked about me authorizing a payment for a few hundred bucks and that I should've gotten an email about someone attempting to get in and that they were successful. I of course said no, and was a little alarmed for a second but decided to play along. + +They had tried to spoof venmo's number I think. All except the last digit of the number were the same, I know because I googled it while on the phone. + +What really set me off was them saying I needed to reset my password to some password they were giving me in order to reverse that "fraudulent charge." At this point I decided to play dumb and messed with them for a bit, kept them on the phone for a good 5-10 minutes by pretending I didn't know the layout of the app and was trying to do what they said. I eventually got bored, told them I knew it was a scam. The man got angry and hung up on me. + +It was obviously a scam in the end but I've never seen one they elaborate. Took them actual prep to try and reset my password so I'd get an email so I was on alert, then to call later acting like there was in fact a breach. + +Edit: holy cow this blew up😂 thanks for the rewards +I make $120k per year plus a bonus (probably won't get one this year) that ranges from $5k -$15k. I have approximately $62k in student loans divided between four loans: (1) $20k at 7.9% interest; (2) $28k at 6.8% interest; (3) $9k at 5.41% interest; and (4) $5k at 5% interest. + +The first three listed are federal loans that qualified for Covid-19 forbearance, and therefore have not accrued interest since March. I have not made any payments during the forbearance period (ending 9/30) because I wanted to save money in case I lost my job due to Covid-19. Though I did lose my job, I was given a generous severance and then landed a new (and much lower paying) job a few weeks later. Because of the 'savings' and the influx of cash resulting from the severance overlapping with my new income, I have a seemingly healthy cash reserve. Also, by the end of this month, my monthly budget will be funded through the end of the year. + +I'm inclined to payoff the $20k student loan with the 7.9% interest rate. FYI - I don't believe it would be feasible from a cash standpoint to pay the $28k loan. One of the main reasons I want to pay the loan off is to reduce my monthly minimum payment because my new income is significantly lower than the salary at my old job. I can still afford to pay the current monthly minimum and more with my lower salary, but I like the peace of mind of having a larger buffer in case of an emergency. + +But, I've also wondered if it makes sense to do something else with the money, such as invest $20-25k with a robo-advisor. Or, pay for new siding on my house, which needs to get done as there is some damage that may be causing mold problems. My S.O. and I are saving for the siding project, but it probably won't be fully funded until 2023. I'm a little nervous that the longer we wait the bigger the bill. + +I'd appreciate any feedback. Thank you! +This is in response to [The SEC “no objection” to OCC proposals may not be as bad as you think](https://www.reddit.com/r/Superstonk/comments/x4w74c/the_sec_no_objection_to_occ_proposals_may_not_be/) which plays Devil's Advocate to my post [SEC: "No Objection" to OCC Proposals so MOASS can happen, pensions pay for it, and Wall St keeps their collateral](https://www.reddit.com/r/Superstonk/comments/x4hezj/sec_no_objection_to_occ_proposals_so_moass_can/). + +On the upside, [u/dmurrieta72](https://www.reddit.com/user/dmurrieta72/) and I both agree that: + +1. Clearing Members can still default, +2. The SEC proposals are about how the OCC handles a Clearing Member default ("Aftermath"), +3. And, we're both **bullish**. + +# So, how bad are these OCC proposals? + +In particular, how much of the $35+ Trillion in pensions funds can the OCC tap? $1 Billion? $2.5 Billion? 🤷‍♂️ + +It's undisputed that the OCC is looking to add **$2.5 billion** in external liquidity: + +[SR-OCC-2022-803 34-95327 pg 8](https://preview.redd.it/tmt8xlr4mpl91.png?width=1666&format=png&auto=webp&s=97f698a02041c60413de830c6d41cf8d22039ced) + +And, here's where the OCC says "well, that $2.5 billion *might* all come from the Non-Bank Liquidity Facility": + +[SR-OCC-2022-803 34-95327 pg 9](https://preview.redd.it/k5wr4s0ompl91.png?width=1216&format=png&auto=webp&s=0334de698f7bd272c354d4e3e1d3c78e4ab9b792) + +Basically, if banks don't want to give us money, we'll go to our Non-Bank Liquidity Facility which taps institutional investors that *are not Clearing Members or an affiliated bank, such as pension funds or insurance companies:* + +[SR-OCC-2022-803 34-95327 pg 5](https://preview.redd.it/ziw7gj8dnpl91.png?width=1686&format=png&auto=webp&s=5ecd67128139ab23b71d65a6c192f92193b237c2) + +Increasing the OCC's ability to tap pensions funds and insurance companies for $2.5 billion dollars is only an increase from their current ability to tap them for $1 billion dollars. And currently, to get access to more money, the OCC needs to ask permission to exceed the current $1 billion dollar cap. + +Which is why the OCC is also asking for "Removing the present $1 billion dollar cap to the Non-Bank Liquidity Facility program". + +[SR-OCC-2022-803 34-95327 \\"Proposed Change\\" pg 9 ](https://preview.redd.it/qx1ust2gopl91.png?width=1682&format=png&auto=webp&s=cecb5ea8f1a3d5b68ddafe5a954c3d9a16073c21) + +After all, if you're going to ask to more than double your access to money from pension funds and insurance companies, you might as well ask to remove the limits and not have to ask again. And that's what they did: + +[SR-OCC-2022-803 34-95327 \\"Anticipated Effect On and Management of Risk\\" pls 12-13](https://preview.redd.it/qphj0fyropl91.png?width=1644&format=png&auto=webp&s=65bff623e5a067aa2d07a0e13b5bbd3f90eeedd9) + +Basically, the OCC is asking to up their limit from $1 billion to $2.5 billion *and* remove the pesky limit to "allow OCC to seek an aggregate commitment amount for up to the amount determined by the Board of the Directors". + +>*OCC: Can we remove the limits and just use however much we decide is necessary?* +> +>*SEC: Sure thing. We trust you bro!* +> +>Apes: 🙈🙈🙈🙈🙈 + +The SEC understood the OCC's proposal the same way, "OCC is proposing to remove the $1 billion funding limit and **increase the capacity of its Non-Bank Liquidity Facility to an amount to be determined by OCC's Board** from time to time, based on OCC's liquidity needs": + +&#x200B; + +[SR-OCC-2022-803 34-95670 pg 4](https://preview.redd.it/i3lx0dprppl91.png?width=1680&format=png&auto=webp&s=e0b037fe405558a551bcc948d233be6251c211cc) + +*The fox is guarding the hen house.* **OCC's Board decides the OCC's funding limit from pension funds and insurance companies in their Non-Bank Liquidity Facility.** + +Pension funds were valued at over [$35 TRILLION (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/). The OCC's Board now decides how much of that the OCC can access. The OCC *was limited* to $1 billion and they asked to up that limit to $2.5 billion *and remove the limit*. The SEC has granted OCC's request to remove the limit because the "OCC has been designated as a SIFMU" (Systemically Important Financial Market Utility \[[Wikipedia](https://en.wikipedia.org/wiki/Systemically_important_financial_market_utility), [Investopedia](https://www.investopedia.com/terms/s/systemically-important-financial-institution-sifi.asp), [OCC](https://www.theocc.com/newsroom/insights/2018/10-29-the-importance-of-a-systemically-important-f), [Federal Reserve](https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm)\]) Basically, the US Government will protect it *at all costs*. Regardless of whatever perverse incentives this creates for financial industry participants to lie, cheat, steal, **sell assets that don't exist**, **or fail to deliver on securities sold**. + +[SR-OCC-2022-803 34-95670 pgs 14-15](https://preview.redd.it/79em3oacrpl91.png?width=1702&format=png&auto=webp&s=06432cba72d0ea656e216bdfe58878e90fc696f1) + +# Tapping pension funds and insurance companies is an alternative to their Wall St friends selling precious collateral + +The OCC's stated intention for their proposed change was very clear: + +[SR-OCC-2022-803 34-95327 pg 15](https://preview.redd.it/gu5vdp0ktpl91.png?width=1696&format=png&auto=webp&s=cc36c7ee6f027b3ed5a4f5217138f5f7440572cc) + +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +The OCC explicitly stated their proposal expanding the Non-Bank Liquidity Facility (with pension funds and insurance companies) is "**an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" during a market crash. The SEC approved it. ***What is the point of having Clearing Member collateral???*** + +Why pensions and insurance companies? I covered this before [here](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) and [here](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) . **Wall St made sure Main St pays their gambling debts, again.** Privatized Profits & Socialized Losses -- it's on [Investopedia](https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp). + +Tagging u/dlauer u/bettermarkets u/jonstewart because someone's going to do it eventually anyway. +$1342.72 is the most I’ve had in a bank account at once. I’m glad I’m getting over my impulsive spend all the money I have and live paycheck to paycheck tendencies. +[Original post](https://www.reddit.com/r/povertyfinance/comments/hs82tu/whats_the_fucking_point_of_insurance/) + +Some things have happened since my post. I love reading updates, so I thought I would add mine. + +So, the week the storm hit and my tree was half on the ground, I reached out and told my insurance company what had happened. Lady #1 was the person who told me that they would not cover it because there was "no damage done to the roof". + +One of my neighbors (long time adjuster) told me to file a claim with insurance anyway, and to tell them to come out to inspect my roof. I did. In the mean time, my neighbors pressed me to get the tree removed ASAP. I called 3 different tree removal companies and 1 independent (licensed) contractor, their quotes and timelines were as follows: + +Company A: 12.5k - "Late September" + +Company B: 6.5k - "Early October" + +Company C: 6k - "October, maybe later" + +Independent contractor: 5k - "next week" + +Obviously, I went with the cheapest guy who could remove it ASAP. While he was removing it, the adjuster came by and got on my roof. Turns out there WAS damage. A giant scratch I couldn't see from the ground from one of the branches the night of the storm. Completely cosmetic, $409 to fix. So... because there was damage to my roof, insurance paid for it, all $5,409 of it (minus my deductible). + +I shit you not, 10 days after my tree was removed, the [Derecho Storm](https://en.wikipedia.org/wiki/August_2020_Midwest_derecho) came through Iowa. 140 mile an hour winds tore through and left us (and many other people in Iowa) without power for weeks. My hometown is still recovering, a lot of my old high school friends are still without internet. If I did not get my tree removed, that thing would have gone into my house and the neighbors, it could have killed someone. + +I cannot express to you how happy I was that I got that damn thing removed before the storm hit. Up until the Derecho, I kept saying how unlucky I was to be dealing with this, now saying "holy shit, how lucky am I that I had the chance to remove it before I didn't have an option." + +Lessons learned: Read your damn insurance plan. Ask questions and press insurance to inspect. + +&#x200B; + +edit: There's a lot of shock on the cost of the tree removal, so I broke it down in a couple comments but will put it here: + +* 65 foot oak with no other trees around it so it grew up and out +* Crew of 3 came in on Friday, Saturday, crew of 7 came out on Monday and Tuesday, Wednesday the trunk was removed. +* Wood chipper (2 days) and crane (1 day) +* Everyone was insured +* Local saw mill sent someone out to collect the trunk, his words, "I saw it's size and almost drove off because it won't fit on my saw mill". It fucked up his hydraulic lift when he was removing it, he estimated it weighed 12,000lbs +* The trunk was so big when it came down it put (3) 1 foot craters in my yard that took 6 bags of top soil to fill. + + + +TL;DR: Trees are expensive. +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. +As the title says: + +What did you learn on your investing journey in 2021? + +What were your investing highlights/lowlights? + +What was your ASX_Bets highlight of 2021? + +What is your investment strategy for 2022? + +What are your predictions for the markets? +I've recently seen a lot of confusion around odd lots, so I thought I'd put together a quick post. I'm trying to take some time off right now, so this post won't be as thorough as usual. + +Let's make a couple of things clear: + +1. Odd lot QUOTES are not currently included in the NBBO or on public market data feeds. +2. Odd lot TRADES are printed to the tape, just like every other trade. + +There are [many changes](https://www.sec.gov/news/press-release/2020-311) coming with odd lots, they've been a focus of regulation recently, and you can read all about that [here](https://www.sec.gov/news/press-release/2020-311). Here are the important odd-lot items: + +&#x200B; + +https://preview.redd.it/e1lb1poo5sg71.png?width=580&format=png&auto=webp&s=1b5b526c481d03c76afc83fec91660bb25942201 + +When you hear that "odd lots" aren't included in the NBBO, that simply means that the QUOTES (aka resting orders) are not. However, odd lots are still subject to Regulation NMS, which means that during market hours odd lots cannot execute outside of the NBBO. Further, every odd lot TRADE is included in both public (SIP) market data feeds and private exchange feeds. Every odd lot trade impacts the price, however that doesn't mean that these trades impact the price materially. By definition, odd lot trades are small, and therefore a bunch of odd lot trades might add up to a fraction of a round lot, and not move the NBBO when they execute. That doesn't mean they're not impacting the price, it just means they're not impacting it enough to move the NBBO. + +Also given that odd lots are small, they are used disproportionately by retail investors/traders. So you will see lots of odd lot trades execute off exchange, because retail trades generally execute off exchange. + +In the [follow-up to my AMA](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/) 3 months ago, I included this chart which shows how small the average GME trade is OTC - it was under 50 shares at the time: + +&#x200B; + +https://preview.redd.it/m3i8mktd6sg71.png?width=325&format=png&auto=webp&s=7a7b822e4699ba4d8d6d917c74490ce60c2ea233 + +Therefore the average GME retail trade is an odd lot. All of these trades are still protected by Reg NMS, and must execute within the NBBO. And all of these trades print to the TRF, and so they impact the price. + +It's always important to understand the difference between QUOTES (resting orders) and TRADES (actual executions when a buyer and a seller meet). I hope that helps to clear up some of the confusion around odd lots. +Hi everyone, it's been couple of months I have been trying to learn trading now. I've read One good Trade by Mike Bellafiore and Market Wizards from JackDSchwager. + +I're read so many advice on risk management, position management, psychology, not letting yourself affected by emotions. + +I think I'm really good for the Psychological part of trading. + +&#x200B; + +However I can't apply my strength for I dont have a Trading Plan, I don't have strategies. I struggle with theoretical part of trading. I don't understand how an indicator can help me having an advantage, i don't understand how to create a strategy for my own personnality, I don't know what it takes to create a plan. + +&#x200B; + +I've asked this on forums but it's like people don't wanna talk, all they give me sounds like riddles. It's like they don't want to say too much, or maybe i'm missing something, i don't know + +Could anyone enlighten me on this? + +&#x200B; + +To help you answer I think that knowing my personnality i'd be happier with Scalping. I'd feel impatient swingtrading or even daytrading, I don't want to fall asleep before a setup appears, i want many opportunities during the day, even if they are smaller. + +&#x200B; + +So my profile would be more like Scalper / Agressive. +I have been using DCA strategy and timed AAPL and MSFT right at a bottom last month and made 10% gain over the last 30 days on each of them. + +MSFT is following a pattern of 10% gain and a 5% dip. If it continues this pattern my 10% gain will turn into a 5% gain in 2 weeks. I *could* sell my shares now at this 52 week high peak and wait for the next bottom to buy back in. In theory this would net me a 20% gain by next month if the trend continues, and a total of 40% if AAPL does the same. *Although* if experience has taught me anything its that you can't consistently time the markets. And it's not set in stone that it HAS to dip back down mimicking its recent price movements. + +I've been using DCA strategy on a few different ETFs and individual stocks for 1 month now and it seems to be working since my portfolio is up a total of over 3% for the past 30 days. This seems like a pretty good return to me but I'm wondering if it's normal to see that 3% gain turn into a 1% gain on the next month since some of my owned shares will be dipping back down to where I bought them at the beginning of the month. This would average out to around 1.5% a month if my strategy remains consistent. + +Is it wise to sell all my shares now (or at least the profit from the gain)? Or is it better in the long run just to hold onto these shares since they belong to fundamentally strong companies and are expected to continue to grow over time? I would also have to factor in the tax implications of trading out shares month to month or less. + +I am a new yet fairly active trader and enjoy reading news about stocks and watching videos on YouTube about companies and cryptos and don't mind staring at charts all day. I want to get the most out of every trade but I've had better returns just DCAing than actively selling this past month and know the research behind DCA wins in the long run... But I also know you need to take profits once in a while. + +How do I know when it is wise to take profit or sell all my shares? +I chatted with a few traders recently over at [r/daytrading](https://www.reddit.com/r/daytrading/) and came to an interesting conclusion. + +Day trading (going in and out within the same day) is seen as an active income for most, where you try yield a certain $ amount a day. If you don't trade, you don't earn that day. If it's geared toward another income, why not get a job where the odds are not so horribly stacked against you? + +I find the day trading mantra quite dangerous. It lures inexperienced traders. Every Tom, Dick and Harry will brag about his quick profit scheme in GME or whatever is hyped at the moment. That's why penny stocks work so well. Options are the exact same thing. Do the people over there really earn a consistent income? I doubt so. Day trading is hard. + +Isn't the whole point of putting money to work so you don't have to work? I always aim at passive income and trading should be a form of wealth-building. Building wealth means that we look at everything in terms of compound interest. You lose sight of the $ sign and focus on the % sign. **That's** where the big money is made – and it starts with a mindset. You also widen your time horizon and look at your performance over months and years. + +I see trend following as a way of making passive income on the side while you can pursue other productive activities. You're in a trade for multiple weeks to months and all you do is risk management with SLs. I follow trends in the NQ and am pretty much in the market around the clock. I'm either long or short, but never flat. The market does most of the work, and my part is to sit on my hands. + +I have trouble understanding why someone would work hard playing tiny swings if things could be so simple. Unless boredom is a real issue. +Before I long my favorite alt coins I prefer to keep track of what the hell is $BTC doing. I know evryone dumps their coins when the big players dump their $BTC. + +&#x200B; + +If $BTC takes a huge dump and goes all the way down to 51k or beyond, I will wait for the recovery signals and then I will long any small cap coin with 10X leverage so I can become rich instantly. + +&#x200B; + +That is my trading plan. + +https://preview.redd.it/j09qfd9vo5x61.png?width=448&format=png&auto=webp&s=7a1507d8ca236ec85fac8666b4a506db5078e90f +I booked a Brazil hotel (a well known chain) for $500 using Expedia recently and was immediately charged by Expedia on the date on booking. All went smoothly at the hotel until check-out, when I was informed that the card number that Expedia provided by the hotel was invalid and I would need to directly pay the hotel (again, this is a large chain hotel, not a small pousada or something) and that Expedia would reimburse me. I went ahead and paid the hotel, but now am finding it nearly impossible to get Expedia to pay me back. I have called multiple time and been hung up on after being on hold for 20+minutes and can't seem to get ahold of a person on the American side of Expedia. Has anyone experienced a similar situation before? I'm feeling like I'm being scammed by Expedia or the hotel here, and have little power to do anything about it. + +If this isn't the right subreddit for this type of question, I apologize. Would anyone be able to recommend a more appropriate place to post this question? +Lately I have made some gains but they are so meager compared to what I have done in the past that they barely balance out the bad days (today in particular, things have gone south more so than usual). I suppose what I am wondering is if this is just my subjective opinion and I'm crazy and deluded or is this noticed by other people? + +Edit: Thanks for the awards! +Is algorithm trading fruitful? Does it have better returns than just trading with your own knowledge? and... is anyone involved in algotrading here?? I found out about it recently and wanted to know if it is done in India. +I was going through a lot of active funds like Axis Bluechip, ICICI bluechip fund, etc...All these funds beat Nifty 50 in the long run. If the total returns ( which includes the expense ratio ) is higher than index funds, why do we need to look into expense ratio ? In general, when the expense ratio is included in the returns, is it not sufficient to just look at returns to compare different funds ? Why the expense ratio need to be considered ? +Hey there, thanks for stopping by before you almost posted that inexperienced humble brag. You just saved yourself a lot of suffering. + +So you’ve finished for first week/month of trading and you’ve seen pretty much nothing but green! Congratulations. When you’re completely new to something and you see a small bit of success, you have no perspective of fear or self doubt. When you have no inhibition and loads of confidence, it really does allow you to self actualize results for a solid stretch. + +That stretch eventually ends. You’ll learn the fear after the market bites a larger chunk out of you than expected and start you’ll closing winning trades early while letting losing trades run. Before that happens you’re inexperienced, but have confidence. Afterwards, you have no confidence and no experience. That’s a much harder scenario to perform in. + +I highly encourage you to briefly read into the Dunning Kruger effect, chances are you’re an unwitting victim at the peak of the aptly named “mount stupid.” You believe you can outperform billions of dollars of institutional order flow by using nothing but some lines and an indicator on its default setting, which, I was not immune to believing when I first started trading as well. It feels damn good to briefly outperform all those “so called experts.” + +So why am I making this post? Since I started frequently browsing this subreddit while babysitting my trades, I have seen literally dozens of the aforementioned posts. A screenshot of *maybe* a dozen trades from a completely green trader with a week old reddit account, typically followed by a meagerly explained chart and a very “strong” prediction. + +“Ah, well I’ve won those previous trades, if I had used five times as much leverage on them I would have made SO much money! I’ll just increase my leverage on the next trade since I’ve got such a strong winning streak!” + +I cannot recall of a single instance where an author of these kinds of posts lasted more than a week or two. The account is deleted, and someone invariably posts “hey, what happened to *insert username here?*” It’s probable they liquidated their position. + +If you still intend to make this kind of post, I wish I could purchase a contract that’d pay me out if you liquidate your account within the month. Hell, I’d prefer to just buy those contracts over actually trading. The probabilities are way better. + +So what’s the alternative? + +1. Immediately reduce your account size to 1/10th of its current size and don’t increase it until you’ve completed over 200 trades. You need a large sample size to actually gauge profitability. Backtesting isn’t good enough. The human element (you) can be the flaw in a winning strategy. + +2. Read books. Bollinger on Bollinger bands, Macro to micro and Volatility Illuminated are all must reads. + +3. Never risk more than 1% of your account on any given trade. If you’re on 2x leverage and are using 100% of your account on the trade, you can use a 0.5% stop loss. If you’re on 10x leverage and utilizing half of your account, you can use a 0.2% stop loss. And so on. This ensures your account never goes to zero. + +4. Learn the math and reasoning behind your indicator. Why does it work? Not how to use it, by WHY does it work. “It’s a proven standard, everyone else uses it, it’s the golden rule, or it’s worked in the past so it will work again” are all appeal to authority fallacies. A compass doesn’t work because of the aforementioned reasons right? Not knowing why it works means you won’t be able to recognize the conditions where the indicator will fail. + +For the love of god, when you hit that losing streak don’t increase your position size. “My account is in the red, all I need to do is make it all back in one or two trades then I can go back to my strategy!” Nope. Don’t do it. That’s how you get a margin call. + +If an open position feels like it’s put a hole in your chest, close it. You’ll quickly learn it’s not sustainable for your account OR your emotional health. + +You are valuable and capable of great things. Capable is the key word, you are unrealized potential. The status quo in forex trading is slowly bleeding funds over months and years from the deceptive comfort of the dogma of your strategy and undeserved confidence. Rise above the lowest common denominator. + +Thanks for reading, I had fun typing this. I’ve been trading for just under four and a half years now and have been going full time for a year and a half. I’d be happy to answer any questions or provide resources. + +Edit: Since this has been well received, if you see someone make the “peak of mount stupid screenshot” post, link this rant in the comments! +I've been trading since march of this year. I am still searching for consistent profitability, but that all comes down to my mentality. Nothing to do with my skill. + +Anyways, after finding myself here, 7 months since i started. I notice how many beginners over complicate forex. Writing down tons of notes , looking for the small and precise information and mostly overthinking. I fell victim to this too. But I've come to learn that a lot of that is irrelevant. + +Honestly, what people don't talk about is chart hours and focusing on 1 pair. Wicksdontlie has a livestream I recommend everyone watch, I was in a separate discord group and learned all the basics, but from just watching his streams and watching the charts constantly (whilst making food , playing playstation etc) I got a proper understanding for what forex is and what I have to do to make it. + +But the fact people don't talk enough about focusing on 1 pair makes me wonder? If you sit in front of your laptop for hours watching 1 pair move you will get an unbelievable understanding for how the market moves and how YOUR pair moves. You notice the same things over and over again. + +I never studied imbalances, waiting for price to develop on higher time frames, lower lows and higher highs, patience, discipline, the different trading sessions (NY,LDN etc). All of that came to me naturally, from hours and hours on the charts, from backtesting and listening to Raja Banks and Uncle Ted's stream. + +Don't fall out of love with forex because of confusion etc. It's all due to your mind overcomplicating things. Think of hours on the charts like hours playing football. You get up and kick the ball from a young age, not thinking of the complications on how to hit an outside the boot pass or knuckle ball etc. The more hours you spend doing it the better you will become and the better of an understanding you'll form. Not only on the charts, but an understanding for YOU. What YOU need to do mentally to achieve success. 10% skill and 90% psychology is most certainly true. + + Enjoy your journey and prepare for a long ride full of losses and mental battles. That's what your signing up for. + +GL. +Most of my trades happen between 9:30 and 10am. My trades are much more likely to be successful on a bullish day. So the best way to avoid losses is not trade on a bearish day. What is the best way you guys analyze the market just after the bell within the first 5 or 10 minutes of trading. I am watching the SPY and QQQ but is there a better way. Thanks! + +Ok Thanks everyone for contributing. Here is a summary of some usefull things i took away from the comments. + +General market (SPY and QQQ) + +’’Just watch the market until 0945, watch how the market has absorbed any new information and then make your move.’’ + +‘’I am also watchgin the top 10 tickers in SPY ( Aapl, Amzn, etc)’’ + +‘’Keep an eye on macro, have an idea of what is going on in overall economy and trade in that direction you are more likely to have more winning trades’’ + +‘’Watch how the pre mkt moves into that opening 10 minutes, then bracket that range and wait to see which way price moves out of that range. If it heads up, retests the range and keeps going, it's a good chance that's your direction until it hits resistance.’’ + +Futures NQ and ES (Nasdaq 100 E-mini futures and S&P 500 emini futures) + +‘’Check the futures market tickers NQ and ES’’ (Nasdaq 100 E-mini futures and S&P 500 emini futures) + +‘’A lot of times the futures determine the direction of how the market will open and trade.’’ + +VIX + +‘’The VIX can also be very helpful. Higher than 20 and you have a good chance of a reversal, or multiple reversals. Usually any higher than 20 means the moment it moves in one direction traders will take profits and cause a reverse effect, often multiple times. Basically what's been happening almost every day for the last two weeks.‘’ + +Sectors + +‘’Track the news, track sector funds. Such as XLU, XLP and XLV.’’ + +Individual stocks + +‘’Pay attention to the stocks that close strong the previous day and stay strong premarket tend to remain so in early trading.’’ + +‘’When a stock runs up a lot before market open, it will most likely sell off or trade flat for the rest of the day.’’ + +‘’Usually I check the news i the morning, and just follow where the volume is.’’ + +‘’I also favor stocks with a clear direction on the daily chart. If the daily is bullish, it has premarket volume, it's gapping up, and spy is opening up(vice versa for bearish). There is a good chance it trades with the market.’’ + +‘’If you can't tell what's happening, then wait.’’ + +‘’Watch the biggest tickers from the indexes and see what they're doing to judge the market’’ + +Max Pain theory + +http://maximum-pain.com/options/msft + +‘’A smart guy I follow checks the implied move on the closest expiry's ATM straddle to see where big money wants to let SPY run to, then he watches the T&S at open for institutional orders of 150k-200,000+ shares to see whether big players want SPY moving up or down today.’’ + +One of the most interesting rebuttals to bears pointing out the obvious flaws and bad price action in ARK is “buy the dip because Cathie Wood said this is a 5 year plan”. This sounds great in theory and probably calms the bag holders at night, but realistically it’s horrible advice. + +In 2000 dot com bubble, people who were buying every stock with dot com at the end probably thought it was a good idea. In fact, when the bubble popped and many investors kept averaging down, they probably had the same thought. It’ll go back up in 5 years anyways, right? Wrong. From the peak of the tech bubble, it took the NASDAQ nearly 12 years to return back to where it was. Even if you picked the top of the cream, let’s say Microsoft - MSFT did not return to its peak 2000 price again until 2010. So, saying everything is a 5 year plan and you’ll be a millionaire in 2026 is great, until you’re stuck holding a stock or in this case, ETF, for 10 years in the red. + +What makes all of this worse is that Cathie Wood trades daily. One of the reason indexes tend to go up is because the winners tend to occupy larger and larger percentages of the index over time. For example, there could be a company today that’s only a small percentage of the index but if the company continues to perform strongly and the stock goes up, it becomes a larger portion of the index, thus benefiting the index holder. But Cathie doesn’t let that natural process take place. She constantly sells Tesla on up days to dilute her funds with other stocks, that may not be nearly as strong. This destroys the entire purpose of a 5 year plan. + +Buyer beware on ARK and if you’re a bag holder, probably a good idea to sell. Good luck to all. +Hey guys, I recently had a discussion about active fund management vs. ETFs with a friend who is a successful financial advisor in Germany. We talked about the advantages and disadvantages of both investment options. + +**ETFs never better than average** + +His first "selling point" was, for example, that with an ETF you are never better than the average. Specifically, you have a 0% chance of outperforming the benchmark with your return (because you are invested in the benchmark). The effect of this argument depends of course on the strategy you follow as an investor. Basically a logical argument, I would say. + +**ETFs prevent effective markets** + +Another argument was about effective markets and this is where my question arises. The assumption is that if you invest in an ETF, you are not expressing a market opinion. Economically, this leads to ineffective markets. Taken to the extreme, capital managers like Black Rock/Vanguard have an extreme influence on entire sectors/countries. For example, they sit in companies that are actually competitors, and a partial monopoly is created through common ownership. What I am pondering about is, do actively managed funds act differently than ETFs in this respect? After all, as a fund manager, you are betting on sectors and not individual horses? Is there a metric that expresses how strong the "market opinion" or "market ineffectiveness effect" is in an investment product? + +I would be very happy if you share your (maybe more sophisticated) thoughts with me. +Tl;Dr 2 weeks ago a Health Club I didn't know charged me 500 dollars. It took two weeks to get the money back. Always ask for the fastest option... + +Two weeks ago, I posted [this thread asking for advice](https://www.reddit.com/r/personalfinance/comments/dcb19e/gym_sold_my_bank_account_to_another_gym_500_charge/). I had woken up to a 500 dollar ACH withdrawal from my checking account by a Health Club I didn't know. + +After some digging I found out that my Old Gym (OG) went under and sent their members to this Health Club (HC). The problem was, I didn't know my OG went under. I maintained a 10 dollar a month membership in case I wanted to start back up, I had also moved across town which is why I wasn't going. + +I was concerned that contacting the HC could damage my chances for a fraud case. The first thing I did was call my bank to dispute the transaction. Some people that responded here convinced me to contact the HC. The manager was very apologetic, seemed to think it was a snafu with transferring accounts from OG to HC. The system thought I was delinquent and charged me a bunch of late fees, which is why it was 5 times what I would normally pay in a year. + +The manager told me it's usually easier to process a refund if there isn't a dispute in the original charges. He said that a refund should only take a few days. He also said kind of off hand that he could probably get me a check if I needed the money back quicker. Ding, ding, ding! That's the option I *should* have taken. I didn't fully understand how long a refund can take. A few days ago I called the billing company for HC, their refunds can take 5-7 business days, which is almost 2 weeks in real people time. + +I ended up visiting HC several times, talking to the manager in person, calling, texting. I was at the "just cut me a check" point when the funds left their account and I had to wait for them to show up in mine. Several days later I started getting refunds and this morning I got the final one (there were three separate charges). + +Next time, I'll take the check. +In the current environment, where debt mutual fund returns are very poor (last 3 month pre-tax returns for the best overnight/liquid/short duration funds are (0.75%-1.25% i.e between 3-5% annualized), bank fixed deposits suddenly look more attractive. Especially those of many strong but less known banks (small private banks & small finance banks that are RBI Scheduled banks with deposit guarantee). + +When I speak to people around, concernts/constrains on investing in bank FDs seem to be + +a. Trust/Safety (what if it is another PMC bank) +b. Convenience (can I open & operate account digitally) +c. Awareness (I didn't know I can earn 7% on a bank FD. My bank offers 4.5%) + +Any other concerns/constraints come to mind ? How to address them? + +If you have been in the camp of FDs are boring/low return & debt MFs are the right choice, what will prompt you to revisit & change that view ? +This is probably a silly question and I’m ready to get flamed, but I’m honestly just quite curious if this could actually be pulled off. Thanks in advance. + +Edit; I’m also 19 years old. + +2nd edit: thanks for all the informing comments:))) + +Last edit: I think you guys have covered most on the topic. if anything it’s best I continue building up my savings before considering anything at this point. I will keep doing research & learn more about the industry in the mean time. — if you still would like to add anything, pls go for it. +Ok, the FED has spoken: + +[https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html](https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html) + +If I understand it correctly, the FED currently has 6.3 Trillion dollars out in the market. + +Adding another 12x60 Billion next year would increase that by 11%, right? + +Does that mean we can expect prices to go up another 11%? +So I’m still currently living at home, I’ve been saving money and I’m wondering if saving up around $10k would make sense to use for paying rent when I eventually move out. My thinking behind it is that if I get an apartment that costs me around $1000 for rent if I have $10k saved then I could go the first few months not stressing about paying rent while simultaneously save up money for when I run through the $10k. Let me know if this is a good idea and if it’s smart financially/makes sense +49 female..currently working under the table..no retirement or health plan. I do however have about 80k . trying to map out my future and get myself on track. +It's a good thing that shorts covered back in Jan 2021 as the ads they posted claimed. And the media they paid echoed. Otherwise they'd be totally and completely screwed. Hosed. Demolished. Bankrupted. They really dodged a bullet! Good thing they didn't sell tons of fake shares either. Phew, really dodged a bullet there. 🎉🎉🎉🎉🎉🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +**Disclaimer:** I'm heavily simplifying a very complex topic for the sake of keeping this post brief. + +Folks, close your trading app. Take a deep breath. Relax. This is not the apocalypse. This is not the armageddon. + +Before I get into what's happening, here is a bit of perspective: Even with yesterday's selloff, NASDAQ ended at 13,533. I can't see what the index is like pre-market, but QQQ is down 1.35% as I write this. So let's assume it opens 13,350. + +That's still 280 points higher than the post-January selloff (low of 13,070). That's also still 462 points higher than December 31st (we closed at 12,888). In %, that's 2.14% and 3.58% higher, respectively. + +Now I know that a lot of you are trading on highly volatile stocks (looking at you, CRSR and PLTR), so obviously they are hit much harder than NASDAQ. That's the nature of the beast. Volatile stocks = large swings, both up and down. Welcome to the flip side. I have some of those in my portfolio, and also some defensive and cyclical stocks. It sucks those volatile positions deep in the red. I know how you all feel. + +&#x200B; + +Now, what's happening? + +**Treasury yields are rising.** That's what's happening. There's obviously more to it (I.e.: vaccination seems to be going relatively well, Biden's stimulus, etc.), but that seems to be the catalyst. In fact, the 10-year yield rose to its highest level in the last year, at 1.37%. **That's a good thing:** Rising yields are a sign of economic recovery and increasing economic activity. It's a good thing. + +Why are yields rising if interest rates remain low? Because of one of the fundamentals of yields: As bond prices rise, everything else being equal, yields will drop. And the inverse is also true. As bond prices drop, yields will rise. And right now, bond prices are dropping. People are becoming more and more optimistic about the prospect of recovery, with Biden's stimulus and with the vaccination that is (once again, relatively) going well. So they are exiting "safe" investments with lower yields in favor of riskier investments with higher yields: junkier bonds, stock market and alternative investments. + +Wait, if rising yields are a sign of people exiting the bond markets to go towards the stock markets, why are prices dropping????? Great question, and my answer is twofold: (1) NASDAQ is not even in market correction territory, Chill. It closed roughly down 5% from all time highs yesterday. (2) Look at S&P500 and DIJA. DIJA is a winner in this, and S&P is barely phased. + +So back to my explanation, people are leaving bond markets for markets with higher potential returns, and the stock markets is one of them. Now, the reality is that rising yields are not always immediately good for markets, especially overheated markets like NASDAQ: This can spook a lot of investors and cause a selloff, which is essentially what's happening right now. This doesn't mean, however, that the apocalypse is upon us. Remember one of the reasons why the markets have skyrocketed so much in the last year: Actual interest rates, not yields, are near zero, and will remain near zero for the foreseeable future. This is crucial. New bond issuance will still have shit for yields, this isn't changing. + +&#x200B; + +**What should we do?** That's entirely up to you. I'm no financial advisor. I'm no expert. Take everything I say with a massive grain of salt. I'm no expert. But really, I'm barely doing anything. I'll be taking a page from Cathy's book: keeping a close eye on when this new craze slows down, sell some of my "safer, less impacted stocks" to raise cash and buy the ones that were hit hardest. + +&#x200B; + +**FEBRUARY 24th EDIT:** Currently happening live: Powell addresses the House Financial Committee, you can watch it [here](https://www.bnnbloomberg.ca/watch-live-powell-addresses-house-financial-committee-1.1490838)... pardon the Canadian website. Key word to calm inflation fears: Their inflation goal is an **average** of 2%. Given that inflation has been under 2% for a prolonged period of time now, I imagine this means they would be comfortable with higher inflation (above 2%) for a prolonged period. This is good +I’m 24F and really want to move out at least for a year just to gain some independence/spend some time away from my family who drives me crazy sometimes…but I don’t know if it’ll be a mistake. + +My essential monthly expenses for my car payment, car insurance, health insurance, pet insurance, groceries, medications, etc while living with my parents (and not paying any rent/utilities) comes to $900 right now + +I cannot find any good apartment under $700 so right there I’d be paying $700 + $900 so $1600 + +Utilities on average apparently cost $200 + +That’s $1800. + +I only make $2100 a month. Which is great if I keep living here…but it’ll make me poor if I move out. + +I’d only have $300 left over for emergencies and just basic shopping/having fun as opposed to the $1200 I have leftover monthly now. What am I gonna do if there’s a big emergency? + +Thinking about all this just makes me second guess moving out at all…that way I can keep saving. Especially if I decide to go to college. Tbh I have a pretty huge cushion that I’ve saved up myself, however, if I only am able to save a tiny amount a month that big cushion could get blown pretty quickly, because life happens. + +Should I suck it up and stay with my parents? I just sometimes feel judged by people for being a grown woman still living here. But if I leave it might be an extremely stupid financial decision. But I feel like if I don’t move out I may be missing out on a rite of passage while I still technically have my parents alive and able to help if something were to go wrong. I don’t want to regret waiting too long to do it when I’d REALLY be on my own, yknow? Any advice? +With more people being priced out of the housing market, will they then start renting out property, which will make rent go up since there is a greater demand? +Elon Musk Tweet - RRR - Rapidly Reusable Rockets - Steath Launch - Low MC Gem - Liq lock + Renounce - Buy Now + +Elon Musk Tweet - RRR - Rapidly Reusable Rockets - Steath Launch - Low MC Gem - Liq lock + Renounce - Buy Now lfgggg + +💫[https://t.me/rapidlyreusablerocketss](https://t.me/rapidlyreusablerocketss) + +We have a lot planned, I am positive you will see us again ;) + +Features: + +🔒Liquidity Locked: [https://mudra.website/?certificate=yes&type=0&lp=0xa583a52b28ded67888b35340695b7ef167e6e95b](https://mudra.website/?certificate=yes&type=0&lp=0xa583a52b28ded67888b35340695b7ef167e6e95b) + +⚜️Ownership Renounced: [https://bscscan.com/tx/0xacca1182e101b3997ea7ef6943036df4c071a6f3e555b3516f9448b60444c048](https://bscscan.com/tx/0xacca1182e101b3997ea7ef6943036df4c071a6f3e555b3516f9448b60444c048) + +💸1 BNB inital Liquidity + +🧠Max Sell: 5T + +Tokenomics: + +♻️2% Redistributed to Holders + +💪8% Added to Liquidity + +💰1% Added to Charity Wallet Donated to [https://www.shootforthestars.org/](https://www.shootforthestars.org/) + +Links: + +📃Contract: 0x9a6a000789cf068a9ea4170a23b4bf1dd138875d + +🥞 Pancakeswap v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9a6a000789cf068a9ea4170a23b4bf1dd138875d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe0524b51E75f09b46856F9B8FE2625b0Ae9FD2Df) + +📍Telegram: [https://t.me/rapidlyreusablerocketss](https://t.me/rapidlyreusablerocketss) + +🌐Website: Coming Soon! + +All of our links will be pinned in our telegram channel + +Come and join our active community, we are all banding together to try get this to the moon 🚀 +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 +I have received my letter from Craig Wright's legal team, you can see all four pages here: + +[https://twitter.com/PeterMcCormack/status/1116733748794540033](https://twitter.com/PeterMcCormack/status/1116733748794540033) + +It is pretty much the same as the other letters they have issued. I think it is important and within the public interest to see how they are bullying people for challenging Craig Wright's claims to be Satoshi Nakamoto. + +By claiming to be Satoshi and pushing a fake version of Bitcoin, I believe this is a fraud and people will be led into investing into the shittest of shitcoins. + +Fuck Craig Wright, long live Bitcoin! + + +EDIT: I take the letter very seriously and have issued my formal response: [https://twitter.com/PeterMcCormack/status/1117448742892986368](https://twitter.com/PeterMcCormack/status/1117448742892986368). +Been on here for awhile. Little about me. I was a gymnast in college and got a degree in Engineering. Always wanted to coach but also knew pay wasn't good. Could have made really good money as engineer in private world but worked for the city because it had good hours that allowed me to coach. Liked my engineering job but passion always been coaching. At times had some pretty good athletes, I was working 40+ as engineer and 20+ as coach but loved it. Offered college coaching jobs but turned down because I was getting close to the idea of a pension. Liked my engineering except last few years got hard with the hours and getting older (and dealing with people at the day job). Realized I can't physically or emotionally do both anymore. + +&#x200B; + +This week marks my 30th year. Could stay longer and make a lot more money (my pension and salary for 5 years). Decided I am just going to coach. So have pension making about 75% what I make now with day job with health, side hustle of coaching of 15 hours or so, about 450k in deferred comp, and paid off house. Some mistakes I made along the way was buying cars i didn't need and a big boat. Although the boat is isn't a bad purchase since its something I really love to do and I spend every summer weekend on it. Although it is a ton of money, for my sanity it is worth it. I would have a ton more money in my deferred comp now if I didn't have a boat, but I would have been a lot less happy. + +&#x200B; + +Few years ago, started to help out crossfit athletes. Lead to me giving clinics when I want (nice money just don't have time to give more). Also got fairly big on instagram posting drills and have a side hustle with that making 400-500 a month. When I started to help crossfitters other coaches made fun of me - but I knew i could turn it into a viable side hustle. Moral of story - if you put some time into something you like doing you can make money on it. + +&#x200B; + +My plans for future? Coach 15 (maybe more) hours a week, put more time into my online tutorial/instagram to see if it can grow, travel, boat a heck more, and am getting a puppy Monday! In a few years may move to where my niece is and its warmer, but for now just going to see how living in Ohio not working 60+ hours is like. +We almost hit $100k USD in donations on NYE last year, if some folks need a backgrounder see below links. + + +Ok so maybe we don't have someone like Manatee(not real username) around this year to spur us.. But I do think we did some good last year with our donations on New Years Eve. + + +Mods stayed up til the wee hours as donations came in, and the user danced his dance. + + +Is there some interest in making this an annual event? + + +Process was simple, donate today, send proof to mods. They update a list. + + +https://www.reddit.com/r/fatFIRE/comments/ru1s0k/update_to_the_manatee_charity_donation_post/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button + +https://www.reddit.com/r/fatFIRE/comments/ru3cof/rfatfire_charity_donors_hall_of_fame/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button + + +Edit. +I donated $1,000USD to a local food bank and a heart institute, now to find a mod who is willing to participate in verifying and posting. +The fact that almost everyone I know knows nothing about cryptocurreny except for maybe bitcoin (without even knowing what bitcoin does or really is) shows that we are still friggin early. All they might know is that it’s worth a lot as a “coin”. Other than that it’s completely blank for them. So be happy you guys! Lots of gains to be made😀 + +Edit: Thanks for all the awards guys, this community is awesome! +I'm 18 and work at subway right now for $9/hr. I've been there 3 weeks and the work is fun, my coworkers and managers are great and my hours are flexible. + +Today I got an offer to work at burger king for $11/hr. I could work the same hours and have the same days off, plus maybe Saturdays. But I'm not sure if the $2 is worth working somewhere I may not like my coworkers or managers as much. Or if the flexible schedule would change once I started. + +I'm leaving for college this fall and am trying to save money to buy a new laptop, among other things. At both places I could probably come back and work during the summer. + +Does anyone know how Burger kings (or other fast food places) treat their employees? I would like the extra money, but I don't want to hate my job. +I realize as I progress along my goals (and get older quite frankly) my time investments and calendar management evolves. + +What did you learn along the way? How do you organize your calendar as you get to more executive roles? +While traditional exchange-traded funds (ETFs), Cryptocurrency and Stocks dominated the market in 2021, a handful of boutique investment firms have begun offering thematic and sector-specific funds for young investors. That's why I feel pressured because some people who are the same age as me are doing well with their investments already. + + +I want to start putting money in ETFs, stocks and cryptocurrency because a lot of my friends have made good returns this way. The problem is that I don’t know where to start.They are suggesting that I should use [Trackinsight](https://www.trackinsight.com/en/?r=1), and [Tdameritrade](https://www.tdameritrade.com/why-td-ameritrade.html?cid=MIXSTNFIN%7C6244049%7C315659119%7C67442974&dclid=CIe2tZnA9PQCFcPKTAId3a4CLQ) to help me in my investment journey since I’m a newbie. They said these apps can help me choose where to invest my money. +It appears to me that asking for investing advice is like walking through a jungle so I would really appreciate hearing some thoughts from the more experienced people here. +I'm a tipped employee who takes home my main source of income on a daily basis, which can make it hard to budget correctly. It's easy to spend money when you constantly have a little cash in your wallet. Recently, I decided to crack down, and actually came up with a system that has worked spectacularly. I have very minimal expenses and make a decent living, but I'm still shocked and proud of myself that I managed to save nearly $1500 in less than a month following this method. This plan might not work as well for those who take home a bi-weekly paycheck, but as someone who has lived off tips for over 10 years, it has worked amazingly. I think of it as a mashup as the envelope formula and gamifying your money. + +I set a goal of putting away $55 every day from my tips, even on days I don't work. [I set up an excel chart to track this.](http://imgur.com/LajGLXD) I used a basic knowledge of the program to set up formulas tracking my goal, the actual amount saved, and how "on track," i was based off how much money i decided to save for the day. + +The part that really gamified it for me was color coding the 'on track' column to either show red or green based on whether or not I was on par for my goal. It actually became fun to know how much money I needed to put away every day to see the little box turn green, and even more fun to know when I was well over my goal. For some reason, this color coded excel chart helped me save money quicker than anything I've ever tried before, and I'm looking forward to continue using this method and seeing how much I can potentially save. + +Edit: Since so many people have been asking, I thought I'd include a little idea of what my monthly budget looks like. + +*Rent: $500 + +*Phone: $100 + +*Electric: $75 + +*Car Insurance/Gas : $100 + +*Groceries: $300 + +*Debt: $0 + +*Everything Else: $200-$400 (Netflix, Home Supplies, Eating out, Personal Care, etc.) + +*Total Monthly Budget: $1,275 - $1,475 + +*Total Needed Net Income to add $1,650 into Savings Plan: $2,925 - $3,125 + + + + +This is from a study by Hedrik Bessembinder. He looked at approximately 26,000 stocks between 1926-2015 and found that over half the wealth was from just the top 86 stocks. + +So my question is (and I'm no expert) that this flies in the face of those who say the FANGs take up too much percentage of the S&P 500. + +Instead of buying an index, shouldn't we (or our active fund manager) be looking to buy the best and strongest companies? + +"The author estimates that $32 trillion of wealth (returns in excess of Treasury Bills) was created between 1926 and 2015 via the approximately 26,000 stocks that have appeared in the CRSP database during that time. **Of these 26,000 stocks, only 86 of the top-performing stocks (less than 0.33%), were collectively responsible for over half of the wealth creation. And the top 1,000 performing stocks, less than 4% of the total, accounted for all of the wealth creation.** The other 96% only matched the return of the one-month Treasury Bill with many of them producing less" +\*\*\*UPDATE\*\*\* AMA Update: THURSDAY - 9PM CET - 3PM ET - TWITCH Link will be pinned at Reddit at 8:30PM CET - 2:30PM - ET + +&#x200B; + +So if you haven't heard of $OCTA or $OCTANS yet, where you been? Anyways, this thing took off like crazy since inception about a week ago. And we are at a perfect opportunity for people to jump in. AMA's tomorrow, time will be announced any time now. Coingecko and CMC coming shortly after so you know what that means! Lot's of whales got out right before AMA's so this is your last chance to jump on the rocket before liftoff! Here's info about the project. + +&#x200B; + +🚀🚀 OCTANS is Live 🚀🚀 + +Telegram Chat: [https://t.me/OCTA\_OCTANS](https://t.me/OCTA_OCTANS) + +8% of the token is burned at every transaction, 4% goes to the holders 4% goes to Liquidity Pool Liquidity Locked! + +We've just started and are currently making Partnerships and Socials! Be on the first seats!! + +Contract Adress: 0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28 + +Live Website with all information: [https://octanscrypto.com/](https://octanscrypto.com/) + +Listed on pancakeSwap [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28) Use 8% Slippage (4% goes to holders, 4% goes to liquidity) + +Chart: [https://poocoin.app/tokens/0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28](https://poocoin.app/tokens/0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28) + +Join us: [https://t.me/OCTA\_OCTANS](https://t.me/OCTA_OCTANS) + +Discord: [https://discord.gg/avh5qUwS](https://discord.gg/avh5qUwS) +Not sure if this is the right place to post this... + +**Example** \- search youtube for "trading" and you'll see lots of these guys. They sell courses. + +If these guys actually knew how to trade, they'd simply take their profits and go chill by the beach. + +They wouldn't sell a course. + +And if they ever wanted to make more, they'd simply increase the size of their trades, since they have a winning strategy. + +So the sceptic in me says - this is obviously BS. **These guys can't trade**. And they make most of their money from course sales. + +But maybe they have a legitimate reason for doing both? + +Maybe there's something I'm missing here? + +**Does anyone know the answer to this?** + +And a follow up question. **Has anyone ever done a course that actually helped**? If so, can you please point me to it. + +Thank you :) +Currently I have Blue Cross Blue Shield through ACA if that's what the insurance on HealthCare.gov falls under. I was making $14,000 a year when I applied for it last year, and my monthly payment was $16.00 with a $750.00 deductible. I'm a student who just moved back home so I can hurry and finish school, so I had to leave my previous job and am now driving for Uber on the weekends. I will be making about $5,760 a year. When I went to apply for insurance again for next year, the lowest priced plan is $280 a month with a $7,350 deductible. That's an increase of $264 a month from my previous plan and a $6,600 increase in my deductible. All the while I'm making $8,240 less a year. After filling out my application, I also received an eligibility notice email from HealthCare.gov stating.... + +> Based on the information provided, you would be eligible for free or low cost health care through Georgia Medicaid. However, the state of Georgia has chosen not to offer you this health coverage at this time. You won't owe a fee for not having health coverage. This is because of your income, and because the state of Georgia declined to expand Georgia Medicaid to cover individuals in your situation. + +I just don't know what to do. Did I fill out the paperwork wrong? Am I basically screwed in terms of health insurance for next year? +[original post](https://www.reddit.com/r/personalfinance/comments/4jyy8r/just_got_out_of_prison_and_owe_so_much_money/) + +It's been a year since I got out of prison and thought about updating for a few months but wanted everything to be absolutely settled before I did. I ended up moving to a more tech friendly city and the job search was still rough. I actually got a job offer 2 weeks after moving and was so excited to start. They asked about my background and I was totally honest with them. After some discussion, they still wanted to hire me but then a few days later I got a call saying HR wouldnt allow it. I was pretty beat up. Over the next few months I got a few interviews and even job offers but any time the background check came up I was denied. The only thing worse than not having a job is knowing you have the skills to get hired but something like this holds you back. Im not going to lie and say it was easy. I broke down some nights but picked myself back up the next day and put out my application again. I worked at a restaurant to make some kind of money and it was rough. I was coming home with $10 sometimes and wondered if this was really going to be my life. + +I continued to get calls from debt collectors but ignored them everytime. In the end of September I was having a particularly rough week making no money a work (serving tables) and had a job interview lined up. I didnt really have much hope for this job but figured screw it. Later that day they told me I had the job but at that point it didnt even bring me excitement as I've heard that line before. I did the usual background check and waited for the fatal call. A call came that Friday and was told I was to start on Wednesday of next week. I was confused and in disbelief. Everyday for a few weeks I expected someone to call me or pull me to the side work and tell me there's been a mistake. For the first three months I never even brung anything to put on my desk cause I figured it was any moment now. I worked there making more in one week sitting at a desk doing what I love to do than I was busting my butt for an entire month at a restaurant. + +Finally, one day in Janauary I was pulled to the side. The hiring manager asked me to see him in his office and he had a pretty serious look on his face. He sat me down and told me I've been doing very well these past couple of months. My supervisors are impressed with how fast I've caught on and they decided to give me promotion. I was blown away. So here I was, 4 months into a job and I was offered a promotion with a great raise. + +I still work hard everyday there. I study up and learn more and try to improve myself with programming everyday. I look back at those few months where I was job searching and know that I made it as far as I did because even on days I was so depressed I didnt even want to get out of bed, I still got up and tried. What else could I do? I still worry about the future but for now, I want to work here for a while getting as much experience and time behind me so my criminal history will pale in comparison to my skills and drive to succeed. Ive even managed to get a pretty good girlfriend who know all about my past and we've been dating for five months. She's supportive and is proud of how far I've gotten and how much I still do to make sure my past does not define me. I've helped a number of people start on their programming career and have even given presentations for new comers. Have I gotten some back lash? Yes, but screw those people. + +As for my loans, I've saved up an emergency fund for 6 months and as of 2 weeks ago, I paid the last bit I owe on my credit card. I still have a mountain of student debt but I pay it off bit by bit. I dont get anymore calls about money I owe and well, life is alright. I hope anyone who is in a similar situation as me can look at this and know, someone in the same boat as you has made it through and succeeded. + +--- + +TLDR; hard work and perseverance pays off. +&#x200B; + +[ “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” ](https://preview.redd.it/2otrh1t7a8u91.jpg?width=1075&format=pjpg&auto=webp&s=9f86844f238f330f3ffba04b178c2e61eb61a789) + +Thomas Jefferson + +&#x200B; + +[http://futurenewstoday.blogspot.com/2009/10/dtcc-wall-streets-untouchable-bookie.html](http://futurenewstoday.blogspot.com/2009/10/dtcc-wall-streets-untouchable-bookie.html) + +&#x200B; + +Threatened to cancel program participation for a TRANSFER AGENT..DTCC has monopolized the system to only fail at the one job of a clearing agency to make sure purchases clear and real shares are delivered. They then turn around casting judgement and telling who can and can not be part of the system ...not for the good of investors but to keep anyone from finding out that they are nothing but a crime syndicate that threatens, bullies, lies , commits securities fraud both domestic and international. + +[Because they continue to get away with criminal behavior they become more arrogant and now crime is just part of doing business with them, this is why you stop doing business with them and Direct Register your Shares.](https://preview.redd.it/3hyscj21d8u91.png?width=905&format=png&auto=webp&s=5ca909859433eaf7a7d35d8129ef14831e3aed42) + +**Letter from a transfer agent:** + +"Many Issuers have come forward with their opinions and interest in joining the exodus from DTCC. Almost daily, particularly when an Issuer is attempting to have their shareholders pull their shares from street name and obtain certificates, **Transfer Online receives phone calls from shareholders who tell us that their broker told them they cannot have a stock certificate, or that the transfer agent will charge you $75 - $100 dollars for a certificate, or the transfer agent won't issue the shares. How can a shareholder get a stock certificate if their broker (or the participant) is the obstacle?" Sound familiar?** + +Again this has been it all along, they desperately need to keep your shares.I am writing these comments to the Depository Trust Company’s (“DTC’Cs”) proposed rule change that appeared in the February 21st issue of the Federal Register. My comments represent several viewpoints but primarily I respond in the following capacities: + +I ***am the President of Transfer Online, Inc, and act as the transfer agent for (Nutek, Inc.) one of the Issuers who expressed their desire to withdraw from the DTC system but were denied.*** Transfer Online also serves as the transfer agent to several other companies who have inquired about the possibility of withdrawing from the DTCCsystem and finally, I am an experienced member of the financial services industry for the past 20 years where I have specialized in transfer agent and back office services.***As a transfer agent involved in this process I have direct experience of the situation(s) leading to DTCC’ s request. While acting on the behalf of Nutek, Inc. to notify DTCC of their intent to withdraw, Transfer Online was initially told that the request was received and in process. No indication was given that this request to withdraw was a problem until approximately 6 weeks later when we were made aware that DTC’s position had changed. Transfer Online was told that if Nutek, Inc. shares were not transferred into their nominee name, Cede & Co", Transfer Online would be in violation of the operational agreement between our two companies and that we would be held accountable.*** This put Transfer Online between the Issuer’s request (on whose behalf we act) and DTCC’s demand and s**o we inquired to the S.E.C as to what, or if, any legal or statutory obligations existed to either party which superceded our agreement to act as agent for the Issuer. The S.E.C was unable to issue guidance in this matter so having no idea what “being held accountable” would mean to Transfer Online, and having received several phone calls from DTC requesting to know my position and what my intentions were, I suggested to the Issuer that until such time they were prepared to handle any potential legal issues with an entity as large as The Depository Trust Company that they let the shares be processed as usual.** Many Issuers have come forward with their opinions and interest in joining the exodus from DTCC. They are frustrated by dramatic unexplained price movements, confounded when in a single day, in companies with a high percentage of shares held by insiders, more than the number of shares outstanding for their company are traded, and they are frustrated by their inability to access the information they need to determine the cause. The company is essentially cutoff from the majority of stock transactions that take place behind the closed doors of DTCC in book entry movements of shares. Should the Issuer request information it is only available to them at the prices that are determined by DTCC. Transfer agents, while able to provide transaction history which happens when stock certificates are involved, cannot provide the information from DTCC because we do not have access to the majority of the shareholder records as they sit on our books as one large position in the name of Cede & Co. that seldom changes. ***This leaves an Issuer powerless to research the trading of their own stock, communicate with the shareholders or take action against those who might be harming their company with questionable even perhaps illegal trading practices.in regard to DTC's proposed rule change that states, "DTC will only honor the requests of the participants", I feel compelled to point out that the participants of DTC are ultimately only holding shares for the benefit of their customers who are in fact the shareholders of the company.*** + +***Olde Monmouth Stock Vs Depository Trust Clearing (another transfer agency)*** + +*In this action, plaintiff Olde Monmouth Stock Transfer Co. Inc. alleges that defendants Depository Trust Clearing Corporation (DTCC) and Depository Trust Company (DTC)* **violated federal and state antitrust laws by unreasonably excluding Olde Monmouths from DTC's Fast Automated Securities Transfer Program. Plaintiff also alleges that the DTC tortiously interfered with Olde Monmouths economic relationships with existing and potential future customers by contacting some of plaintiffs clients and undermining Olde Monmouths business relationships,** *furthermore, plaintiff suggests that DTC may have publicized Olde Monmouths exclusion from the FAST program to the stock issuing community.* + +[https://www.casemine.com/judgement/us/59146e69add7b04934335aed](https://www.casemine.com/judgement/us/59146e69add7b04934335aed) + + + +**Why The DTCC Is A Prime Mover In Securities Fraud and Naked Shorting** + +"**Instead of forcing their DTCC participants holding the short positions (failures to deliver) to deliver the missing dividend shares of Coil,** **the DTCC management told Grifco to contact the shareholders that didnt receive their dividends to sign a waiver waiving their right to these dividends.** " + +**A LESSON FOR HEAVILY NAKED SHORT SOLD CORPORATIONS A SYNOPSIS OF THE BELOW ARTICLE** + +Grifco International, Inc. owns 75 million shares of Coil Tubing Technology, Inc. and they wish to dividend out this asset to the owners of their 40 million shares outstanding. Each share of Grifco owned will therefore receive 1.89 shares of Coil Tubing. + +Grifcos 40 million shares are **partially held in street name at the DTCC** and **partially in registered format wherein the shareholders hold their own certificates,** perhaps in a safety deposit box. 4) + +The DTCC holds in book entry format 68 million shares and thus a large % of these book entries are associated with failures to deliver. For instance, if 10 million shares of Grifco are held in a registered format by their purchasers in certificate form then 30 million would be held in street name at the DTCC **and thus 38 million of the book entries held at the DTCC were in a failure to deliver status.** The DTC division of the DTCC acts as the legal custodian of these 30 million shares (an estimate) and is well **aware of the disparity between the 30 million shares in their custody and the 68 million shares held in an electronic book entry format on the books of their participants.** + +**They learned of this disparity during the dividend process.** + +**Due to the enormous amount of deliver failures held at the DTCC (28 million shares plus the amount held in certificated form by registered shareholders) there obviously werent enough dividend shares of Coil to go around if all shareholders of Grifco were to receive 1.89 shares of Coil per Grifco share owned.** + +**The securities laws clearly state that any short seller that is short any shares of an issuer on a dividend record date must match that dividend**. + +Instead of forcing their DTCC participants holding the short positions (failures to deliver) to deliver the missing dividend shares of Coil, **the DTCC management told Grifco to contact the shareholders that didnt receive their dividends to sign a waiver waiving their right to these dividends.** Obviously very few would comply as they had legally earned these dividends. + +***DTCC then demanded that Coil Tubing, whose shares were being dividended out by Grifco but that otherwise had nothing to do with the dividend distribution process, to go out and buy additional free trading shares in the market or supply the missing amount out of their treasury despite the fact that it was clearly the responsibility of those short the stock of Grifco on the dividend record date to match the missing dividend shares. 9) Grifco obviously refused this DTCC order as it would have been very damaging to their shareholders because of the dilution, as well as very expensive.*** + + ***DTCC management then issued a statement on 7/10/08 that unless it received the necessary shares within 21 days that they were going to proactively reduce the size of the dividend distribution from 1.89 shares of Coil per Grifco share owned to 1.29 shares per Grifco share owned. They did this despite the fact that it was clearly the responsibility of those DTCC participants that were short the stock to match the dividend***. + +Coil Tubing refused to play ball with this DTCC mandate and filed suit against the DTC and Grifco itself claiming that Grifco should have been aware of this massive discrepancy. In reality Grifco management has no idea of the levels of delivery failures in their shares held at the DTCC or outside of the DTCC in an ex-clearing format. **The judge issued a temporary restraining order forbidding the DTCC from adjusting the Grifco shareholders accounts from 1.89 dividend shares per Grifco share owned to 1.29 shares of Coil per Grifco share owned.** + +[https://www.sec.gov/comments/s7-20-08/s72008-503.pdf](https://www.sec.gov/comments/s7-20-08/s72008-503.pdf) + +**Voting Fraud** + +During a recent Open Public Forum on the impacts of naked short selling, an issue came forward regarding proxy voting. In the Forum Dr. Susanne Trimbath, a 10-year employee of the DTC Stock Lending and Clearing Operations identified a study of the proxy voting process conducted by a single transfer agent on 341 securities they were responsible for. The study revealed that in each of 341 securities reviewed each one had a reported over-voting of proxies due to a system breakdown in the proxy process. The report was later published in a Securities Transfer Association Newsletter. + +To further expose this issue of non-compliance Anand Ramtahal, Vice President, Market Member of Firm Regulation for the NYSE identified a similar study conducted by the Exchange on several of its members and found the same results as the Transfer Agent Study. **The conclusion being that members were not following the rules and regulations pertaining to voting to beneficial owners only but instead allowed all book-entry non-controlled shares to also be voted.** + +&#x200B; + +**Blackmail** + + +In an October 2008 meeting between BCIT and the DTCC, the **DTCC finally gave BCIT an ultimatum after years of giving BCIT management false promises about lifting the Global Trading Freeze.** + **BCIT management was told if they ever wanted the Global Trading Freeze lifted they first had to issue enough new shares to cover all the existing Naked Shorted shares the brokers created out of thin air.** Issuing new company shares would essentially allow the brokers to cover up all of BCIT shares they counterfeited. This would also allow the brokers to keep all of the money they stolen from the BCIT shareholders without penalty. Furthermore, all the extra shares would severely dilute the share structure and cause even further damage to the stock price. This is nothing more then BLACKMAIL by the DTCC. There are no other words to describe it. +I'm new to REI, and I've decided to put together a spreadsheet to help me evaluation various properties. I'm *kinda* confident that I didn't screw anything up, but I'd love you guy's feedback on it: is it wrong? Is there anything missing ? Is it ugly? (I probably already know the answer to this one) + +You can find a link [here](https://drive.google.com/file/d/1R0wi2htTKPjSrMkQNtIYXWXfJ9NB8Wdo/view). You *could* just view it in Google Drive, but it's easier if you download it and view it in Excel. +UPDATE: couldnt come to terms on the price, and the city was being extemely wishy washy on my ability to get permits around wells and spetic so I decided to hold off for another deal/town + +&#x200B; + +&#x200B; + +Edit: Thanks everyone for the constructive feedback. I have added a few due diligence calls to my research plan. I will post an update if/when I end up acquiring the land! + +&#x200B; + +&#x200B; + +&#x200B; + +Tear my idea apart if you wouldn't mind... + +50 Acres of wooded land with utilities running up to the property edge and a large river running along the boundary. There is an asphalt road that has been run (off a major city road that is maintained) from one edge of the property to the other. There are currently 7 obvious places on the property to build cabins that are out of the flood zone on flat ground where a gravel driveway can be easily run up to them from the main road. I have already called the city zoning office and confirmed it is acceptable to get it zoned as needed for this idea, and the utility company confirmed I am also all good to get them to run what I need to the property edge so I can do the rest myself. + +The numbers (These are assuming I do the majority of work myself) + +**Land** \- 225k (There is a 2 acre chunk that is useless that I will sell off to home owners that have properties backing up to it hopefully for like 25k) + +**Utilities**:**Electric**: 15k to run electric from the main grid to each future cabin site (would only make one site live so I can begin building. + +**Water**: 5k per well for each property + +**Septic**: 5k per cabin + +**Cabin**: I can build the first cabin for around 15-25k and have a fully functioning cabin with bathroom/kitchen and then will make them bigger/nicer and invest around 30k/ once I have proved out the idea + +&#x200B; + +There is nothing else like this easily available for rent within an hour of my mid-size midwest city and looking at Airbnb/VRBO Comps I should be able to rent it out 180 days a year for $150 giving me 27k in cashflow a year to payoff the cabin after 18 months and then begin fully covering the land mortgage within 24 months of closing. + +I am not trying to become a millionaire off this investment as it will mostly be for fun and would be nice to break even on this vacation property investment, but if I can build 5 cabins all bringing in 25k/year suddenly life is pretty good and my retirement home will build itself after like 15 years(and I won't have to build it myself, haha)? + +Anyone ever try this before? I would be going for super instagrammable cabins as well because it would make marketing easier..... + +Also it will be 15 minutes from a college that has around 5k students... +I see a lot of posts asking for career advice based around optimizing high salary ($300k+) for a relatively normal working week (40-60hrs). I chose the business side of high growth tech to get there, and was thinking it would be helpful for those of us in that space to share their journey. + +For me it was an M7 MBA with FAANG internship that helped me to join a fast growing publicly traded company before they became well known, and I’ve ridden the equity growth since then. I’ve leveraged my (informal) business school alumni network for career guidance for big decisions and to find new roles. + +Those that are in a similar place, what helped you to get where you are today? +There has been many polls and discussions everywhere but none really showed a lot of participation, let's take advantage of the new poll option to make polls to gauge opinions on this matter and hopefully we get a lot of participation. + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9lrsph) +Steve Huffman, CEO of Reddit called TikTok "fundamentally parasitic" and he's not wrong: + +> "Because I look at that app as so fundamentally parasitic, that it’s always listening, the fingerprinting technology they use is truly terrifying, and I could not bring myself to install an app like that on my phone." +> "I actively tell people, 'Don’t install that spyware on your phone,'" he later added. + +And it's not hard to see why. This is their privacy policy: + +> "Device Information +We collect certain information about the device you use to access the Platform, such as your IP address, user agent, mobile carrier, time zone settings, identifiers for advertising purposes, model of your device, the device system, network type, device IDs, your screen resolution and operating system, app and file names and types, keystroke patterns or rhythms, battery state, audio settings and connected audio devices. Where you log-in from multiple devices, we will be able to use your profile information to identify your activity across devices. We may also associate you with information collected from devices other than those you use to log-in to the Platform." + +And also TikTok is owned by ByteDance which is a Chinese company. ByteDance started out as a wonderful company and has lots of talented engineers **but they are still a Chinese company**. Lots of people don't know that when TikTok got popular the communist party forced the ByteDance founder to step down so they could replace him with a puppet. The communist party forced byte dance to appoint a government (communist party) board member to the company too. They are headquartered in Beijing and have many business and personal relationships with the government there. And even if this weren't true, china has laws where they can quite literally force any company to do anything they want "for the nation" (aka for the dictatorship...). + +Think about that next time you use TikTok. All your data is most likely going right to china to data farm, and all the content you see on TikTok is the content Beijing wants you to see. That our _enemy_ and the enemy of freedom wants you to see. + +Then there's also the [censorship issue](https://en.wikipedia.org/wiki/Censorship_on_TikTok) where TikTok censors tons of things: + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> certain content considered unfavorable to the Chinese Communist Party was already limited for users outside of China, such as content related to the 2019–20 Hong Kong protests or Tibetan independence. + +> On 27 November 2019, TikTok temporarily suspended the account of 17-year-old Afghan-American user Feroza Aziz after she posted a video (disguised as a makeup tutorial) which drew attention to the aforementioned Xinjiang internment camps. + +They also for some weird reason ban different videos about LGBT folks and a TikTok employee said their puppet masters in china told them to do so: + +> American former employees of TikTok reported to The Washington Post that final decisions to remove content were made by parent company employees in Beijing. + +So just to recap: + +1. this companies privacy policy says "we track everything you do +2. this company is controlled by a communist evil country currently committing a genocide, who has invaded a democratic Hong Kong already and will invade Taiwan +3. who supports mass censorship of opinions they dont like + +HMMMMM + +So if you think Facebook is bad (they are!) then I hope you _REALLY FUCKING HATE_ TikTok too because they are complete and utter trash and they run COMPLETELY OPPOSITE to the anti-censorship and financial freedom ideals we have in the crypto and decentralization space. +And I got it! + +I wrote out a formal letter bulleting my successes over the past four years, named my figure and the reasons I was asking for that specific figure, attached my research, and had a meeting with my manager to go over everything. I didn’t feel like it went well. My manager didn’t seem interested in discussing anything with me. She took the letter from me and that was that. I left feeling pretty discouraged. + +The thing is, I was making 11% below the average for my job title in our area, but I frequently take on the responsibilities of other job titles. So I asked for a 15% raise. I absolutely did not think they would give me that much, but I had hoped that it would leave room for some negotiation. I really wanted that 11%. If they were unwilling to negotiate, I decided I’d have to find a new job after my leave (see below - currently pregnant). I know I am worth more than I was making. + +It took two weeks to hear back. Unfortunately, it was really bad timing. I wanted to ask for a raise a while ago, but my company has been undergoing some awkward changes for about seven months. It NEVER seemed like a good time to take my chances, until I realized there wouldn’t be a good time for a while and I was running out of time. I am pregnant, going on STD soon, and figured it was now or never. I needed the extra cash. When my manager finally called me in, she told me how much they all appreciate my efforts and how nothing I’ve done has gone unnoticed. She offered me the 11% I was secretly hoping for, and I took it! + +I still can’t believe it! I’m not an executive or anything like that. I’m a glorified receptionist in the eyes of most, so it took a lot of confidence building for me to decide that I deserved this raise and I deserved the opportunity to ask for it, even though I had no idea if how I was going about it was right or wrong. This will definitely help soften the blow of a new baby for my husband and I while we pay off thousands in medical debt (not including what’s to come after the birth). + +I just wanted to share my good news. Thanks for reading!! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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) +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??? + + +I know a little bit about the housing market but not enough to answer this question and I would rather ask this sub Reddit than Google. In the big short (movie) they called this someone bring drunk or asleep at the wheel. I asked a friend of mine who works for the ATX government and he said in a normal world the value goes down but we no longer live in a normal world. hoping to learn more from anyone who would like to answer the question and thank you in advance. +So here we are. I've studied a lot of the stock market and of myself as well, in the last couple of years. I'm not greedy, I'm not looking for more than 10% annual returns, I want to sleep good at night while my hard earned money work for me. + +So I'm finally starting at the end of this month (Jan 22). I finally got a great paying job and I can allocate money towards my future. + +I have a good amount to invest so my strategy will be the following... (based on my thoughts about the market/economy is not looking really healthy and I do believe in a 30%+ crash will come in the next 2 years...) + +Every end of the month I'll invest €1k in SXR8 UCITS ETF which is basically S&P500. I'll continue doing that while I keep around 50% of my money (€25k+) on hand so I can buy-in a market crash opportunity (if it ever happens in the next 2 years). + +I think that I'll be good this way, getting safe ~10% annual returns while sleeping good at night and hopefully cash out half of my portfolio in 5 years and buy me a house while the rest do the work. + +What do you think fellas? I know that lump sum is often a better choice but I want to be safe and sleep good at night as well. +Kindly suggest some learning material such as youtubers, blogs etc to follow, and courses that I can take to learn technical analysis and trading. + +Also, please suggest a learning path that you had followed to become consistently successful in your trades. + +Edit: Thank you! There is so much to study! Some of you have offered to answer via DM, that's so cool of you! I appreciate it! +I grew up pretty poor and I have been fortunate enough to build my own career where I earn a very good income. Thought I'm not fatFIRE yet — a long way off, in fact, but I've got time on my side — it's my end goal. + +Over the years, I've found lifestyle creep starting to set in. It's not an issue, but it does get me thinking sometimes. It almost seems impossible to avoid. Personally, I mostly splash on three things: good food, good hotels, and things that make me more comfortable / make life more convenient, so long-haul flights in premium cabins, etc. I don't buy stupid Louis Vuitton jumpsuits plastered in their tacky logo or walk around the club holding a bottle of obscenely marked-up DP with a sparkler strapped to it in the air. + +These are all things that, going back five-or-so years, were a world away from being accessible to me. Never in all my wildest dreams would I have thought I would be able to fly transcontinental in first or business on good airlines, stay at Amans and the Four Seasons for a week multiple times per year, and eat out/order in good quality food several times per week. Yet, I can. And the more I earn, the more I feel detached from the realities that those on more modest earnings experience. + +I'm not sure where I am going with this post. I just thought it would be interesting to hear the input of those in similar positions. +I've been a RE investor for 12+ years now and have quite a healthy portfolio. However, in late 2020 I learned how to trade options. + +My mind has been blown at the monthly yields I've been able to obtain on my cash in the market vs my rental portfolio. Thus far, I've been able to make the same return in 6 months what would normally take me an entire year to get in RE with minimum risk. The insane part is that I'm able to do it with a few clicks of the mouse vs dealing with all of the headaches that come with managing your own units. + +Am I crazy for thinking I should steer clear of any more acquisitions and focus my efforts on trading instead? + +PS. For those asking, I am mainly writing CSP's or a CC. I very rarely, if ever, will buy a contract. #ThetaGang +Just remember that everyone's personal financial situation is unique. Something that works for someone else may not work for you. + +Avoid comparing yourself to others. Appearances are deceiving. That friend that just purchased a new house and new car may have taken on some serious debt to make it seem like they have it all together. + +Find what works for you and keep on working towards your goals! +I live in a city where there is an income tax rate of 3.79% I know money comes out for my retirement and for healthcare and whatever else. This just feels extraordinarily low to only be taking 32k home after all that if my salary is 47k. + +I just got a raise to put me at 50k. I don’t think that will change much. I’ll have to figure out where all my money is going. I know you guys can’t help unless you see a pay slip. Is there someone I can talk to about this to make sure I’m not missing out on money? +I'm relatively new to algo trading. I've started off with brute-force algorithms, moved onto various regression models, and I am trying a few time series models now. It doesn't seem too accurate or profitable, and I would imagine that if making money were as simple as using a machine learner tied to a few indicators, everyone would do it... + +&#x200B; + +So is machine learning not the way to go? Is it best to create an algorithm that checks for certain patterns that a human would look for? Or am I using the wrong combination of indicators? Is it bad to use too many? Or too few? Is it a problem of finding the right mix, or is ML not the answer? +The best biggest ERC-20 Token ever launched, this token launched 2 days ago! This is a gem! Clean launch backed by devs from extremely experienced projects who have spent a lot of money toward the deliverable . Join the telegram to get more information. You don’t want to miss this ! Check out our whitepaper as well! + +🛸 AlienUFO is an experiment in decentralized spontaneous community building. AlienUFO token is our first token and allows users to hold Billions or even Trillions of them. Nicknamed the AlienUFO, this ERC-20 ONLY token can remain well under a penny and still outpace Kishu and Shibu in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, AlienUFO token ($AUFO) is the first cryptocurrency token to be listed and incentivized on InterGalactic Swap, our decentralized exchange. + +No Dev Wallets + +We won't have developer Wallets. All transactions of our token will be clean and opened. + +The $AUFO smart contract has been fully audited by a top specialized team and its LP (Liquidity Pool) tokens have been burnt. That means next to zero risk to our users and community from potential bad actors. + +🧾 UFOPAPER + +Contract: 0xd94840e578274b7e304d83867e43ebe5c8c54d1d + +Telegram: [https://t.me/alienufocoin](https://t.me/alienufocoin) + +Website link: [https://alienufo-coin.com](https://alienufo-coin.com) +The infamous goal is to be the strongest BSC community rest assure they have plans ahead that can almost assure us we will be headed in the right direction to achieve this. ⏳ ⏳ +The developer has previous project which all have been successful join what's to be the strongest community on BSC and telegram! ---> [https://t.me/InfamousOfficial](https://t.me/InfamousOfficial) 🚀 +please read their pinned messages and avoid purchasing any tokens not pinned in the telegram to avoid scams. 💳 +You don't want to look past this one I hear they will have partnerships with credible projects and upcoming BSC bangers! +💰 Now the Team has notified me that they will have a marketing section so you can see they are actually serious and not a pump and dump like all the coins on this thread. 💰 +If your tired of getting into projects at the tops and worrying about a dip , then this one shouldn't be a problem because even if you buy the top at least you know you have a product behind it and not just a loss of money. NFA + +🌏 Website: [https://infamousbsc.network/](https://infamousbsc.network/) + +🌌 Twitter: [https://twitter.com/INFAMOUS\_BSC](https://twitter.com/INFAMOUS_BSC) + +💰 Contract: 0x044Ac54Aa258Fcb7f0E236da1a9e4899171544cB + +📌 Buy on PancakeSwap (use V2): [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x044ac54aa258fcb7f0e236da1a9e4899171544cb](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x044ac54aa258fcb7f0e236da1a9e4899171544cb) + +🔥 LP Burned: [https://bscscan.com/tx/0xc610ac1abd587573b3ed471e95b5fe966897e09b9b128fbe993d02a64ae231f0](https://bscscan.com/tx/0xc610ac1abd587573b3ed471e95b5fe966897e09b9b128fbe993d02a64ae231f0) + +✅ Ownership Renounced: [https://bscscan.com/tx/0x0baec822196a80d2bd7d3c385586886478cfbfaaeb994af318cb768d722342b8](https://bscscan.com/tx/0x0baec822196a80d2bd7d3c385586886478cfbfaaeb994af318cb768d722342b8) + +📈 Charts: [https://poocoin.app/tokens/0x044ac54aa258fcb7f0e236da1a9e4899171544cb](https://poocoin.app/tokens/0x044ac54aa258fcb7f0e236da1a9e4899171544cb) + +🎯 Telegram: [https://t.me/InfamousOfficial](https://t.me/InfamousOfficial) + +🔥 Ownership Renounced & LP Burned. +🖖 Early, Easy Pumping & Community Launched. +🤝 Fair distribution. Active devs ready to answer any questions. +💵 LP tokens have been locked thereby shutting the initial liquidity away for safety. +🐳 Anti-Rug & Anti-Whale. 100% Safe. +Think about how much the market would have to drop for you to sell. + +Will you sell at a 10% drop? + +Would you hold out until a 20% drop? + +Would you sell at 50%? + +If you're not willing to continue to hold when the market is down 80%, you're probably going to sell at the bottom. + +But that's okay! There are plenty of investments that will earn you a pretty consistent 5% per year while only risking around a 5% loss. + +But Crypto is not that. + +Over the weekend we smashed our all time high! We now have 1k members on our Telegram and we’re trending on CryptoMoonShots for 3 days! So huge thank you to everyone who has joined the project! + +For those of you who don’t know $Bingus is a meme coin (a damn cute meme, here some [fan art](https://imgur.com/gallery/jrPLzQu)). 1% of *all* transaction are given to animal rescue charities! **Yesterday we gave out our 4th donation!** So that’s 4 donations in 10 days since the project started. A further 1% is returned to holder, and another 1% is burned. Making a total of 3% fees, all which benefit the token, the community, and charity! + +**Donation Receipts** + +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/a/Evvmvah) | Donation 3 ($3000) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | Donation 4 ($2500) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | + +Social links for the charities are at the bottom of this post. Please show them your love and support! + +**LISTINGS** + +**Listings for CoinMarketCap and CoinGecko are on the way**, they have been applied for so expect them any day now. So this is a final warning to get in before then! The devs have **spoken to a high profile crypto lawyer** so they can begin registering as an LLC, this massively helps in getting listings as other major moves. As soon as we know more about listings you’ll see on our [Telegram](https://t.me/bingustoken2official), which also happens to be one of the comfiest communities on BSC! Come join us and ask any questions, don’t forget to share any pet pictures you have! + +**AMA** + +**Last night we had an AMA** on our [Discord](https://discord.com/invite/qKdZdd558F) where **one of the two founding members [doxxed](https://www.instagram.com/mjcerisano/) himself** and announced he is talking to a lawyer in regards to further making his identity and status more transparent. He also gave out his Twitch and showed everyone his super cute dog! The $Bingus project wants to become a **leading global charity** and the first of its kind to bring crypto to the mainstream! This kind of transparency is key to achieving that goal! It really gives everyone a sense of trust in a crypto space where trust is vital, and brings us from the online space to the real world. MJ has a huge passion for helping animals and you that came through in the AMA. + +Then **best part of AMA by far was the surprise guest**, the fourth charity! It’s was super wholesome to hear the love reaction to the donation. The charity is small and the donation made by this community will do amazing things for them and help so many animals! Expect this to happen more and more as we grow together. Even though I love the project this secured my complete faith in it! + +As well as the above the AMA covered all kinds of technical aspects of the project, and future plans to get some merch going for you *and* your pets! If you want a full run down of the AMA just drop by the Telegram or head to our Discord. + +**AUDIT** + +**Our audit is complete!** Is was conducted by Desesrt Finance, a highly reputable group and the results are great! Your funds are safu! +You can find a 19 page PDF copy of the results [here](https://docdro.id/hVAjypx). + +**YOUTUBE** + +We also have many **YouTube channels interested in $Bingus** and the charity efforts, including one with **2 million+ subscribers**. We’ve also gained some attention with international YouTubers so expect us to keep **breaking boundaries and reaching wider audiences!** Watch this space! + +It’s been an amazing week for $Bingus and the whole community! Not only have we smashed price expectations but we have grown in so many areas, expect the news to flood in this week! We’re making some really unique gains in the entertainment industry that could be a first for any crypto project. We can’t say too much here but expect great things to come! + +**Story Time** + +For fans of our story time posts on Reddit we have one based on a modern science theory on its way for you. It’s super fun and exciting so stay tuned, $Bingus always delivers! + +Check out our previous ones [Genesis](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/), [The X Files](https://www.reddit.com/r/CryptoMoonShots/comments/mooip8/the_bingus_files_season_1_episode_8/) + +If that hasn’t sold it for you then you must be crazy! And it’s okay to be crazy, just remember we’re always here for you, and the animals. + +**Links to Everything You Need** +======================= + +The shiny new website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +Our [Telegram](https://t.me/bingustoken2official) +^(make sure to complete the captcha in time) + +Our [Discord](https://discord.com/invite/qKdZdd558F) + +r/abingus for all your memes and Reddit fun + +A Bingus giveaway is live on Twitter [@BingusToken](https://twitter.com/bingustoken/status/1380542296219811846?s=28) + +The original art used in the post was created by Manuelfqart and commissioned by a $Bingus community member. + +**Charity Links** +============== + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) + +**THANK YOU ALL FOR YOUR AMAZING SUPPORT — WE’VE HELPED SO MANY ANIMALS ALREADY AND WE’RE JUST GETTING STARTED** + +**Token Stats:** + +Market cap: $5.5M + +Holders: 1875 +My wife and I were about to sign the contract for a house then Monday morning I found out they're promoting me to another location. Being that I could technically decline and say no however this would limit my career growth/advancement since I was still entry level. Now upper management want people "willing to take risks" and "multi-experience" in different locations which I feel is all total BS nowadays. It just feels frustrating that they expect us to move every couple of years to go up the ladder and even if that wasn't the case the only way to move up is to jump companies as well which may in a totally different location. Any thoughts? +Hello all, I am an emissary from r/qyldgang , I had a wild thought last week and wondered if there was any interest in an “ask me anything” from the fund managers of QYLD, we are a particularly small sub, so we thought that the size of r/dividends would help make this a reality, there seems to be quite a bit of interest/controversy about this fund on this subreddit, so it seems an AMA would help everybody get some answers to their questions. Leave your thoughts in the comments! +The fact that almost everyone I know knows nothing about cryptocurreny except for maybe bitcoin (without even knowing what bitcoin does or really is) shows that we are still friggin early. All they might know is that it’s worth a lot as a “coin”. Other than that it’s completely blank for them. So be happy you guys! Lots of gains to be made😀 + +Edit: Thanks for all the awards guys, this community is awesome! +I'm 27 and starting to gather steam for FIRE, and my company offers free advice from a financial adviser so I figured why not. He mentioned that I should keep 1-2 years worth of expenses in either a HYSA, cash value life insurance, or annuity. + + +I've definitely heard of folks here keeping 1-2 years worth of expenses handy in something less risky than equity to weather out bad years and protect against sequence of return risk, but I don't have too much detail as to where to keep it. Wanted to get some thoughts from the community here-- what do you guys do? + +Bonus Q: are any of you even using a HYSA to withdraw from during your first few years of early retirement in case the market tanks, or do you think you're covered by a conservative enough withdrawal rate (or bond tent?) to hedge against sequence of returns risk? + +UPDATE: Keep in mind this is free and provided by my employer, but the dude just scheduled a call with me again and he spent most of the session trying to convince me that cash value life insurance > HYSA as a tool to draw money out of during down years of early retirement to avoid selling investments at a loss. This would result in me being able to use a larger withdrawal rate. Both of our projections have me retiring in ~10 years. I'm not technical enough to really debate himr but the fact that he was pushing it so hard had red flags all over it. Thanks for saving my ass everyone. +I haven't kept tabs on the market recently but last I remember prices were just going up, up, up and there was no supply anywhere. I'm wondering if we might see the real estate market do what the stock market has been doing. Or maybe it already has been and I'm out of the loop? + +How is your market doing? +Is that possible in today’s market or even in the near future? Like if I’m planning to live off some investments, and he’s saying he can get 10-12% returns. Idk about this stuff. Is that true? +Some background of me and my financials: + +27 years old, single, located in the Bay Area, California who has always lived below my means. + +Current Money Breakdown: + +-$91,000 annual income; + +-$135k in my 401k; + +-$20k in Roth IRA, invested in target date index funds via Schwab; + +-$22k in brokerage account, invested in target date index funds; + +-$30k in a high yield savings account for emergency fund; + + +I am about to receive an inheritance of $60,000 in cash. What is the best way to use this money and invest it? + +I have always invested money every month using dollar cost averaging after I paid off all of my loans. (On top of maxing out my 401k and IRA I have been investing $500-$1000 a month in my brokerage account) I’ve never come across this big of a chunk of cash all at once. Should I invest it all at once in target date index funds? Should I somehow spread it out and dollar cost average over 1-2 years? Is there anything you suggest I should invest in? + +My goal right now is to set myself up with investments while I’m still young, so I can “coast FIRE”. + +Thanks! +This is a long one but in my defence I've been planning this post for a while but was waiting until things actually started improving. + +I've had my reddit account for a little over 3 years, discovered this sub possibly a little over a year ago. Became obsessed with finance and managing my money ever since. Not in terms of investing etc (that will probably come later) but budgeting. + +Just want to firstly say that I am a shift worker and as such have variable pay so some pays I will have more or less and this is why budgeting for extra debt payments is most times unpredictable. + +I have been paying off debt slowly since 2015. I wanted to turn things around in July this year because I'm sick of it lingering so made plans to 'aggressively' pay down what I calculated at the time to be around 14k (spread over two personal loans (one big and one very small), one credit card and one store card). + +In July I owed $343 (of $2100) on the store card and I have paid that off. I get paid fortnightly so that frees up $50/fortnight (repayments). + +The smaller of the two loans, worth $1800, is down to $800 and next pay (I've been working my ass off) I should hopefully clear the lot. Fortnightly that will give me an extra $92. + +I stopped salary sacrificing post-tax money into super last October and set myself a time limit of a year; this saved me around $120/fortnight and I have since restarted sacrificing however have made them concessional (I didn't realise I was making post-tax payments). + +Thanks to this sub I claimed the payments at tax time. + +In June I cancelled my home internet because I live alone and couldn't stand paying $65/month for internet whilst adequately living off my phone data. I upgraded my phone and also upgraded my phone plan to one that costs $105/month which gives me 200gb of data which is more than enough. Since I got this new plan I had about $240 owing on my last phone so I've been paying $80 extra on top of the $105 to pay that off and I have made that last payment so from next pay I will have freed up another $80 (not to forget the $65/month for the internet). + +I cancelled my home contents insurance (I rent and yes I am comfortable without it), saving $35/month. + +I was paying for top-level health insurance because I had braces but now thats over I don't need unnecessary cover for hip replacements, dialysis and breathing machines (I'm almost 30) so I downgraded my cover from $86/fortnight to $44. + +I was paying $110/fortnight (!!!!!) for F45 which I did love but I had no trouble letting it go. There are so many free apps that provide workouts and plus, walking is free. + +In total I have freed up $768/month. The only debts I have now are the larger personal loan worth 5.5k and my credit card worth 6.5k. With this free money I want to just get rid of all of it. I had forecast to have the credit card paid off mid-2021 with monthly $400 payments but with my budget overhaul I will be able to have it paid earlier. + +I am only just finishing paying off the budget changes (phone etc and I had to pay an early termination fee to cancel internet) so I haven't been able to apply those savings to extra debt payments yet but since July I have only paid down $2000 😩. I guess it's better than nothing but I'm definitely feeling the 'progress is slow'. I've learned it definitely takes time to turn things around and that it costs money to make/save money (paying termination fees etc to cancel things). + +I have no memberships or subscriptions; not to cost-cut but because I have never had Netflix or anything so it's always been that way. + +The only bills I am down to is rent, health insurance, car insurance and phone. Feels good to have financially 'decluttered' debits from my account. + +I have a 12-year-old car that I bought new; I took it to get the airbags replaced last week and of course got enticed by the new cars and so test-drove one. I mulled over whether to upgrade for a week to let the spontaneous excitement subside and I decided not to buy as my car runs perfectly fine and there's absolutely nothing wrong with it. Another decision helped by this sub because I am ABSOLUTELY CERTAIN without what I've learned from here I would definitely have bought the car. + +I love minimalism and living simply. I am 30 on Wednesday and I am a totally different person to 20-year-old me who thought having 20 Dior lipsticks was when you made it in life. I never in my wildest dreams would have ever thought that having 'nothing' (compared to what I had) would make me feel so satisfied and it has done absolute wonders for my mental health (I've learned a lot of people say this as well). I love only having what is needed to live. + +I have been in the same job since I finished school (landed it unexpectedly) and my mum - who worked at a bank at the time - pressured me into salary sacrifing into super from day one so that is how I have amassed an almost-115k balance. My parents didnt teach me much about money but that was one move I'm grateful I followed. + +If you've read this far, I just want to say a huge thanks for helping me learn the basics from scratch and for motivating, inspiring and teaching me to turn things around. I've even made a spreadsheet with a budget. + +Here's to 30. 🎉 + +Edit: STOP THE BUS. Some kind redditor friends gave me some awards, I just wanted this post to say thank you 😭😭😭😭 THANK YOU KIND STRANGERS I wish I could buy you all a drink with all my extra dollars!! +ERC stands for Ethereum Request for Comments and is followed by a number. This number will indicate what the token is capable of doing, and how it will interact with smart contracts and other dapps: [Understanding Ethereum Tokens](https://www.oobit.com/blog/understanding-ethereum-tokens/) + +* ERC-20 - the most popular of the Ethereum token standards (used by BNB, USDT, LINK) +* ERC-223 - incorporate tokenFallback technology which ensures that should the token be sent to a smart contract that does not work with that particular type of token, the tokens are returned to the original address. +* ERC-721 - are non-fungible tokens (NFT), that cannot be replaced or replicated, can represent ownership over an asset. +* ERC-777 - a revised version of ERC-20 with features like offering users more control over their tokens and allowing operators to send tokens on behalf of other addresses. +I wanted a review on Groww's US Stocks feature, is it better than the ones offered by HDFC, IND Money, and other platforms. Pros/Cons of using groww to buy US Stocks. + +&#x200B; + +[https://groww.in/us-stocks](https://groww.in/us-stocks) +Transferred money to Groww Balance on June 29th via NEFT and it was deducted immediately. It still hasn't appeared in Groww balance on July 9th. It's scary that the money is just sitting somewhere with no quick resolution. I was told that it would be refunded - but even that has not happened. + +Since I have tried complaining many times with Groww. They simply do not respond or respond after weeks! Never faced anything like this with Kuvera or Zerodha. + +What options do I have? + +Edit : + Yesterday night July 9th, Groww team reached out to me around 9 PM and reassured me that the money will be traced and returned. + +Today July 10th, 9 AM the frickin CEO replied to this thread! +Links aren't allowed here, but it is legit a 35 minute long video, but worth it, seriously. Sums up a lot of good investment options. + +&#x200B; + +[Here.](https://www.youtube.com/watch?v=Brbjq92q2P0) +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! + +So I just had my mind blown by chaos theory. I always thought that making good models that could predict the future reasonably was just a matter of finding the right equations. Of course I knew of the butterfly effect, but I thought it was caused by external factors, something you didn't put in your equations. Does your prediction not match? Well then, it must be external factors and your system just isn't complete. But you would still get a rough estimate, right? Since these external factors only play a small role initially and don't have any large effects instantly... No. + +Turns out there's actually another reason why it is so hard to predict the future. Chaos theory. Short explanation. Complicated (dynamical) systems are really depended on initial conditions. Take for example this double pendulum beneath. Notice that they start at almost the same starting position, however not quite the same. Quite quickly the paths totally diverge! The system becomes chaotic even though it is perfectly modelled. So even though there are no external factors it would be super hard to predict what route it would take if we would let it go at a random position. This [vid](https://youtu.be/fDek6cYijxI) explains it really well for anyone interested. + +It might be a bit depressing that we're unable to make perfect algo's that will make us rich, but I think it's also comforting that large companies with supercomputers are also struggling because of this ;) + +https://i.redd.it/ohu68p68j2261.gif +# FIND THE DRS POST HERE: [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Ok. For what I imagine will not be the final time, let's recap the DRS/Pin issue. + +For the past several months, the [Complete Guide to Computershare (AKA DRS)](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) post has been a semi-permanent fixture in this sub and has occupied one of those two pins more than 75% of the time (I'm being conservative with my estimate). + +Mods are allowed 2 pinned posts. We'd love 3. But Reddit allows only 2. + +We replace it only *temporarily* when there's something like a rule change, an important announcement, or, in the most recent instance, an AMA that we'd spent weeks working on. + +So, 75% or more of the time, when you come to Superstonk and look at its front page, you will be greeted by one of the top two posts being this one: + +[The DRS post](https://preview.redd.it/c82ay8djhf581.jpg?width=980&format=pjpg&auto=webp&s=fb936d450d893a3a67dcb67c274076178cc1d54b) + +This is the pin that takes you to the [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) \- a post that has been live 24/7 for at least 3 months. This is just a pin... like a shortcut. The content it links to - the [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) by [u/Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) is ALWAYS available even if it's not pinned. + +If you want to refer to it later during the few instances per week that it might not be pinned up top, you can bookmark it, or even save it through Reddit. The post is *never* gone, we are just temporarily using the real estate on the front page for something other than a link to the post. + +Furthermore, whenever we take it down, we are sensitive to make sure that the FIRST SENTENCE of any post replacing it contains a link to it. Here are some examples: + +[From the Rule 7 Update](https://preview.redd.it/5r9s34pkhf581.jpg?width=693&format=pjpg&auto=webp&s=4aca6f0ddc5f1b37c2cdb745c34941becf17b7bd) + +&#x200B; + +[From the NFT Roundtable](https://preview.redd.it/xh7jva6mhf581.jpg?width=1056&format=pjpg&auto=webp&s=a526d98b070bee40df5baea9b2b15f7d15ee92bb) + +&#x200B; + +Additionally, the top pinned comment in EVERY NEW POST is from "QualityVote." This top comment contains this link: [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) This link also takes you to the DRS guide. + +[QualityVote](https://preview.redd.it/zp374jquhf581.jpg?width=1082&format=pjpg&auto=webp&s=0912a02c1a5c61778b30fdf708b7265c868655a9) + +Last, but not least, if you're a mobile user or a desktop user of new Reddit, simply look (or swipe to) the right. On the right-hand side of the page (or with a solid swipe right on mobile), you'll see this section, which contains permanent links to all the most important things going on, and the DRS post is ALWAYS there. + +[Community Posts](https://preview.redd.it/35gla02xhf581.jpg?width=328&format=pjpg&auto=webp&s=7723c0bb9cf580a34034472db4ee66a57569ee7b) + +We've worked very hard as a team to make this guide accessible and easy to find. And now, hopefully, you have a few more resources to check next time it happens to be down for a few hours while we make sure we're communicating other important information. + +At this point, you should be able to feel confident in a backup plan for the few times a week that this post isn't pinned up top. + +If, after this explanation, your takeaway is that you're still upset that there will be brief interruptions to the DRS link being pinned up top, here's a suggestion for how to help instead of posting about your discontent: direct ***all*** your energy towards Reddit so that we can have more than 2 pins. Not only would it solve the problem, but it would also be a much more productive use of our collective energy. 700k+ members all clamoring for a third pin might make it happen. Just be professional about it, please. + +[Pretty much sums it up](https://preview.redd.it/crno5z8yhf581.jpg?width=500&format=pjpg&auto=webp&s=ba698941d74ac6428442c56ad5ea21db8e55220f) + +Credit: [https://www.reddit.com/r/Superstonk/comments/rewfbu/at\_this\_point\_youre\_just\_complaining\_to\_complain/](https://www.reddit.com/r/Superstonk/comments/rewfbu/at_this_point_youre_just_complaining_to_complain/) by [u/semerien](https://www.reddit.com/user/semerien/) + +&#x200B; + +**TA;DR: Seems like people are looking for the DRS Guide in all the wrong places. Here are a few places to look from now on.** + +**DRS post is available in the following places:** + +**-Pinned at the front page of Superstonk as MUCH AS IS POSSIBLE** + +**-In any pinned post that replaces it as the first sentence** + +**-In** ***every*** **new post, the first comment under "quality vote"** + +**-On the right-hand column of both desktop and mobile, under "Important Community Posts"** + +\- The Mod Team 🚀🚀🚀🚀🚀🚀🚀 +18th March 2020 + +Last few weeks have seen massive wealth destruction worldwide. Equity markets have corrected around 30% in India too, though the correction is even more severe in US and Europe. + +Your investment portfolio has also taken a hit and you must be worried about the current scenario and thinking what to do. It must be very painful to see such erosion in value of investments. + +As your financial planner, we are also much in pain when we see the portfolio getting hit by such falls. It all happened so fast around the globe due to Corona Virus scare that there was little time to take any suitable measures to protect the fall in value. At this stage, changing the asset class from equity to debt doesn't seem to be a good choice. + +Events like these are black swan events which happen once or twice a decade. History suggests that things eventually improve after such events. We urge you to sit tight on your investments. We strongly suggest to continue your SIPs as they are helping you buy at lower levels. Pls do know that buying cheap is the essence of getting higher returns and so we would also suggest you to consider buying lumpsum in 2-3 tranches if markets go down further. We know it is not easy. If you would like to give it a pass, we would understand. + +We are keeping a close eye on the developments and will reach out to you if any action is required. These are extraordinary circumstances and pls know that I am on your side, always. I have personally seen such situations earlier in the past in my over 17 years of MF investing. When I look at hindsight, the best decision I made was continuing my SIPs and actually increasing more investment way back in 2008 during the financial crisis. It was not easy to do something different from others, but that's what is needed when it is a Sale in the markets. We will together come out of this situation and see good days for the portfolio in the near future. + +Please feel free to reach out to me in case of any questions. + +Regards, +XXX +[that was me](https://www.reddit.com/r/povertyfinance/comments/agbx0n/instead_of_the_5_challenge_i_thought_id_try_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) hey, hi, how y’all doing? + +So this is the update to my endeavor and before I continue the story, I want to preface this with: **I AM NOT POSTING FOR PITY.** I know there was quite a few people who were intrigued and invested in my experiment, and I wanted to give an update to what happened. + +Basically, the task was for me to try and save whatever clinky change I had and money I would have spent on lotto tickets and essentially, the task failed successfully. + +The bucket ended up actually helping me out in the end because late July 2019, my mother had a fall and broke both ankles. + +Needless to say, it kicked off two of the hardest, stressful, and needlessly painful months of my life. + +She would spent a month in hospital, spent time and rehab, home, back to the hospital all the while my family my family fighting with Medicare, transportation services, and equipment renters and failing to be able to provide a basic level of care in her condition. + +This would be the straw to break the camels back and she would ultimately decide to quit dialysis and come home on hospice where within 3 days she would be gone. + +So what does any of this have to do with me managing my money? I’ll tell yah. + +My bucket came in handy because suddenly I was driving from work, to hospitals and a rehab center which mean a lot of gas, and a fuckton of tolls. + +What little I had initially saved helped, and it became more like a contingency savings account because as anyone who’s paid biweekly knows- getting paid twice a month FUCKING BLOWS. + +So it helped insure that when all my bills were paid, I would have gas and toll money and even some to bring my mom lunch or dinner. + +So where do I stand now? The bucket is empty save for some pennies. Basically, the experiment has ceased being of my utmost concern because even now nearly 4 months later, I’m still wading my way out of the grieving process and have been throwing any money I do have extra towards student loans, paying off my credit card, my car payment, and a new mattress. + +But since this is a story I guess I should give it some moralistic ended and I think it would be: expect the unexpected, and don’t be afraid to change your plans. Sometimes accidents is how we obtain results. + +Will I try it again? Probably not for a while, but if I do, I’ll let y’all know. +I'm starting to get into investing and want to eventually write a script for automated day trading. I'll admit I just started learning about stocks and finance but I have an extensive quantitive background. Here's my model: + +Over short timespans it seems like there is highly periodic motion (assuming no big news gets announced). If the price at a given time is P(T), the price fluctuates and eventually hits P(T) again. We'll call this is one cycle. the time it takes for the price to hit P(T) a second time will likely be different, so this is the second cycle. [This image demonstrates what I'm talking about. Each blue dot is one cycle (the time for the price to get back to some initial value, in this case a little over 734). Note each cycle has a different length](https://imgur.com/a/JnYbQjs) +Decomposing the price over each cycle into the frequencies that make it up should give you the weightings of each frequency. If you average these weightings over many 'normal' cycles (I say 'normal' because this only works in the absence of any big external factors that affect price like a big news announcement) you should get a Fourier series that closely resembles the average price. + +But we're not done yet since the phase of these frequencies also matters. The phase of the frequencies completely change the price curve so if our frequencies don't have the right phase this is all pointless. We need an invariant quantity that we can use for doing calculations. This is the RMS. + +**This is about to get math heavy so you can skip this paragraph** + +Since one cycle is defined as the time for a given price to fluctuate from an initial value back to this initial value, the frequencies that make it up are harmonics. **The RMS of a wave doesn't change when the composite frequencies are phase shifted only if the composite frequencies are harmonics**. Each cycle is of a different length, so each cycle will have a unique RMS value. Note: the the total RMS will change if the phases change but the RMS for each cycle will not. Going from RMS->phase gives us 2 solutions since sin^2 (t)=(sin(t))^2 =(-sin(t))^2 + + +**Putting it into practice** + +Say we find these Fourier weightings over the past week, now we want to predict the future price. We wait a little bit for the stock price to fluctuate, this allows us to 'hone' in on the phase of some of the frequencies. Now we have an estimate for the phase of some of the frequencies, if the RMS increases over time it means lower frequencies are 'mixed' in. If the RMS decreases over time it means higher frequencies are 'mixed' in. This means for any non-constant RMS we can 'hone' in on the frequencies and weightings. To find the phase we just have to test 2 possibilities, Asin(t+φ) and -Asin(t+φ). 'A' and 't' and knowns so we just find φ. The longer we wait, the more accurate this becomes (again, assuming no outside influences) + + +This is way longer than I expected, I'm just looking for flaws in this logic. I know stock price doesn't behave nicely like these models but over short timespans I think this is a good approximation. +I've got a 10k account, willing to risk 0.5% on every trade. My Stop Loss is usually at 130 to 160 pips. Is there a way to calculate the lotsize I want to use? +Sorry, new to this. +A few months ago, I wrote on this sub that my objective for 2022 was getting a job in crypto. It worked : I got hired for a start-up in December, and started to work for them in January. I resigned a few weeks ago, and now I want to share my (not so good) story with you. + +(I won't name the company in question, because I have signed a NDA. But rest assured : you never heard of it before, and it's not a major player in the ecosystem - it's not even a minor player.) + +First of all, **the level of disorganisation and chaos was absolute madness**. Each morning we had a different objective, based on the most recent trend in the market. NFTs are becoming popular? Let's do NFTs! This particular token is performing well? Let's buy it, even if it's at ATH! One of our product doesn't work anymore because we rushed a bug-fixing patch? Let's pretend that never happened and let's keep pushing rosy marketing articles! + +I know that start-ups are notoriously disorganised. I get it. But you can't expect to be a profitable company, or even be a productive member of the crypto ecosystem, if you can't even define your objectives and stick to it. + +Secondly, **we cheated.** What I mean is that we bought bots for our TG channels, we faked users in our Discord, and we partenered with dubious "influencers" to make it look like our products were far more popular than they really were. This kind of stuff is what gives crypto it's bad reputation to the outside world, and I deeply regret having been a part of this for a short time. + +And finally, and I think this is the most important part : **the founders didn't care about the crypto ecosystem at all**. Their main objective was making as much money as quickly as possible. We were acting like an evil hedge fund, precisely the type of institution crypto is supposed to fight. + +I felt sad. I felt like a scammer. So I quitted. And, keeping in line with everything I wrote before, **they didn't pay me for my last week of work**. They just ghosted me. + +So... yeah. + +I don't want to discourage people from getting a job in crypto. I still believe in the future of this industry. **But I would advise to stick with the well-known companies of our ecosystem**, and not waste your time in little-known start-ups that have big dreams, but can't deliver. We have a long, very long way to go before we become a respectable industry. +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! + +Tldr - this sub’s standard answer as to investment horizon for future house purchase is overly cautious as it fails to take into account the risk tolerance of the investor, the risk associated with undeployed capital, and the flexibility of most investors’ time horizon to purchase a house if a devastating market event occurs. + +I see the question “I plan to buy a house in x years should I invest in Y etf” at least once a day in this sub. + +Invariably, the comments go something along the lines of “you shouldn’t invest money in an etf with an investment horizon of less than 5 years.” Some people say 5-7 years, but I have even seen people say 10 years! + +Clearly, almost nobody will be hoping to buy their first house in 10 years time, that’s a long time to be saving for a house deposit especially if you are, or want to be, financially switched on (and thus you came to this sub for answers). So the common advice on this sub ends up being “no, don’t invest your house deposit, which you plan on using in (for example) 5 years, because the recommended investment horizon is 5-7 years and that’s too risky.” + +I disagree with the thinking (or lack thereof) behind these comments, for three main reasons. First (and this may be subjective and personal), it fails to take into account the risk appetite of the investor. I personally would be comfortable investing with a time horizon of 3+ years knowing full well that I may lose money. I don’t see the market as guaranteed returns for doing nothing, I see it as an opportunity to make money from taking on (calculated) risk and deploying capital effectively. My personal risk tolerance is absolutely irrelevant for what anybody else should do, but it highlights that the standard advice isn’t applicable to everybody and if you have a higher risk tolerance (as most young people should relative to the population), you might want to invest your house deposit over a 3, 4 or 5 year horizon despite the possibility of losing money. + +The second reason is that it fails to take into account the opportunity cost of not investing for (eg) 5 years. Every day that your money is sitting in a low interest HISA making 1%, house prices are getting further and further away from you. While past performance isn’t a predictor of future performance, equities tend to outperform property (albeit most people are leveraged, so gains may be higher here overall) which outperforms fixed interest, which outperforms cash. You may find that house prices are 30% higher when you look to buy a house than when you started saving. If your money is sitting in a HISA, you’re taking on risk as well (you just don’t know it). + +Finally, and the main point of this post/rant, is that investment horizons for house purchases are very rarely fixed. When somebody says “I am looking to buy in 5 years”, they aren’t saying they will buy on 2 January 2026 no matter what their circumstances are on that date, that is just when they think they will have scraped a deposit together and will be in a position to buy. If that person invested, and then GFC 2.0 happened and they had lost some capital, there is nothing preventing them from keeping their money invested and pushing their purchase back. The reason that the 5-7 year timeline is used is to account for these rare, but devastating, market events that can wipe out years of investment gains and leave you worse off than when you started. But if you have the flexibility to push your purchase back if such an event occurs, there is less risk of losing capital. Add in the fact that if such an event doesn’t occur, you are printing money, then the case for a more aggressive investment strategy becomes even stronger. +So, from the latest Franklin update mail: + +"With this announcement, the schemes will be able to actively monetize assets through various modes including prepayments and secondary market sales. This should help accelerate the monetization process earlier than the dates mentioned in the maturity profile document. We look forward to providing all assistance and cooperation to SBI to monetize the assets." + +They seems to be making clear that it is SBI, not them, who are doing this. So, does that mean Franklin has no decision making power anymore?! + +In any case, I guess we are looking at losses. +I’ve frequently heard people use two years as the time it should take an investor to buy their next property. It’s hard for me to imagine how that’s possible on an average salary, and I’m curious to know what I’m missing from this process. + +Is there a recommended base amount someone should save up before taking something like this on? +Its fascinating to see how workers are quitting their jobs at a torrid pace but also that consumers are not being as confident. There could be a lag between the higher wages and the more recent porce increases causing these issues. + +Would not be surprised to see peak earnings in Q4 before lower confidence and higher prices really set into corporate earnings over the next year or so. + + + +https://www.cnbc.com/2021/11/12/consumer-sentiment-hits-10-year-low-while-workers-quit-jobs-in-record-numbers.html +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/) + +&#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). Last ban length: 131072 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +PTO was approved, and I spent the day at home watching my kid due to lack of available childcare that day. Now, I am being told that I can't use it because it would bring my hours for the week to over 32. +Those are: + +- AKN INC. +- Akropolis Decentralised Ltd +- Applicature inc +- Bennett Jones LLP +- BGX +- BII +- Brandting Golv +- Carl Data Solutions Inc. +- Colendi Yapay Zeka ve Buyuk Veri Tek Hiz AS +- Covex Lab Technology Ltd +- Cryptovation +- Datum Network GmbH +- DMarket Limited +- ecIoTify GmbH +- FLUX +- Foris Limited +- Group Firmitas +- Horizon State +- Iposint +- Jones Day +- McCarthy Tetrault LLP +- McDermott Will & Emery LLP +- Nori LLC +- RDMCHAIN +- Schwegman, Lundberg, and Woessner P.A. +- Smartbridge LLC +- Sofocle Technologies (OPC) Pvt Ltd +- STK +- Thomas Ray Co. +- TIBCO Software Inc +- Till Payments +- TOKENY +- TrustToken +- VIMANA GLOBAL Inc. +- Whiteblock +- XYOracle Network +- ZebiData + +I’m new to the study of economics. But from what I understand, prices increase when either demand increases, or supply decreases. So if inflation is just an increase of price, then the cause of inflation can only ever be a decrease in supply (which has many causes) or a increase in demand (which also has many causes)? +Central banks increase the money supply but encouraging private banks to borrow money from them. Then, private banks lend out this money (along with the money they already have from their depositors) as loans to their clients (which in turn creatres new money and increases the money supply). + +Central banks decrease the money supply by encouraging private banks to *not* borrow from them and by encouraging private banks to raise their interest rates, which encourages households and coporations to borrow *less* and save more. + +Is this how it works? I am an ECN major but can't wrap my head around the basic workings of our monetary system (in my defense they don't really teach it). +We are becoming a very loud echo chamber. We are so entirely paranoid of FUD that anything and everything that isn't instantly confirming our bias is flagged as a FUD campaign. Comments and posts get downvoted into oblivion for offering different opinions or insight. For wanting to genuinely discuss possibilities that may rub people the wrong way. + +Now, don't get me wrong, we ABSOLUTELY need to be wary of FUD and cautious, but so cautious that anyone that so much as coughs is flagged as a shill? Come on folks. If we are closed minded and harsh as poor apes, what will we be as millionaire/billionaire/trillionaire apes? This isn't a political party, so why are we completely shutting down every ounce of conversation that an individual or two may not like? + +On top of that, we are also calling people shills for being *excited*. I mean, how TF is anyone supposed to react to anything? If you're excited, it's fud, if you're not, it's fud. Don't hype specific dates up, but it's OK TO BE EXCITED ABOUT POTENTIAL UPCOMING EVENTS OR NEWS. + +Just chill tf out and let people converse. If you have a counter point to someone's opinion or discussion topic, then actually offer it. Put your money where your mouth is and talk about it, instead of just downvoting, screeching "FUD" and dipping out. We are supposed to be better than the other subs, but a lot of you sound like you might as well be in the silver or canine coin cult. + +Tldr: let people talk. Let people be excited. If someone is worried about something, then either confirm their worries or put them at ease. Offer insight. Have a conversation. If someone being worried about something that we already have counter points to starts to spread, then we can put it out. Don't be a blind follower. Either bring something to the table to help, or chill tf out and keep hodling + +Edit: this got a little more of a response than I had anticipated. I'm weeding through comments, so give me a chance to reply. That being said, I know that things are better now than they used to be with Satori taking care of FUD. I know that there are likely just as many, if not more, examples of questions being met with atleast some answers. I only mean to say that we should be careful. It's a slippery slope into paranoia. + +Also, 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Have a large lump sum from a property sale that I don’t know what do to w right now. Already have plenty of savings in the bank, no debt outside a small mortgage on my primary home, and VTI in my retirement accounts. + +I was thinking SCHD as a 3-5 yr holding spot for the funds. I’d like to buy another home down the line. + +My concern is that the markets at an all time high. In Schwabs own prospectus it shows “deteriorating conditions” and recommends “do not initiate new position” + +Again it’s not money I’m going to touch for at least 2 yrs. + +Thoughts? +New thread requested due to the pure chaos our little community is causing. + + + +Continue on. + + +**EDIT** Also, please stop spamming mod mail with "I'm not a bot, plz let me post!". We're doing the best we can. The new acct/karma filter can't keep up with the demand. Getting 1k+ modmail messages an hour isn't helping. +That's pretty common advice that's given when someone asks if they should buy at the current price. + +But if you've been holding long enough, you've seen ETH rise from cents, to dollars, to hundreds of dollars. + +As a long term holder, do you still buy more at this price? Or are you simply holding? +When I first learnt to trade, I had no clue what I was getting myself into. As I was searching the internet for the wide range of forex material available, I noticed two main things. The first one was 'Forex is the hardest easiest money you will make' and that 'Over 90% of Forex traders fail.' + +Well, now, as I've been trading forex for some time now and mentoring people how to trade, I realised the 3 biggest mistakes I made while learning to trade. + +&#x200B; + +**1. Overtrading** + +I would jump on the charts at the London open, do my analysis on 6-8+ pairs and place multiple trades at once. This happened every time I jumped on the charts, I ALWAYS thought there was a trade to be taken. I remember feeling like a real professional at the time, watching my multiple positions tick up into profit but eventually hitting my SL and closing me out, losing 2-3% a night. + +Obviously just starting out, my trading psychology wasn't the best and this often resulted in emotional trading. I would open up bigger positions to make up for my losses, which often resulted in even greater losses. One trade, I lost 2k in a matter of minutes which was 40% of my account at the time. + +Do I regret any of this? Absolutely not. This helped me to build the current mindset that I have today. When these BIG mistakes occur, you have to remember that you are in this for the long haul. I would tell myself that 2k will be nothing when I am trading a 100k account in the future. LEARN from your mistakes, do not make them again, and then move on. + +I found journaling and back testing EVERY trade I took to greatly help this problem of overtrading as the more trades I took, the longer I would be spending on the weekends studying all my trades. + +&#x200B; + +**2. Not understanding the importance of RR and risk management** + +I didn't understand how important risk reward ratios were when I first started trading. My mentor would always tell me not to take any trades that were less than a 1:2.5 RR but I struggled to find these trades as I was always just taking random trades when I hopped on the charts. + +Once I finally understood, through experience, that trading is a game of probabilities and to have an edge over the market and therefore gradually grow your account, you need to ensure you are taking trades with a good RR. I would be watching the charts and when price was coming close to my entry price, I would execute a buy/sell, not realising that the few pip difference made a massive difference to my RR. I found the use of pending orders to help this issue greatly as it removed my fear of missing a trade and executing at a worst price. + +&#x200B; + +**3. Trading multiple pairs** + +As I mentioned before, I would hop on the charts and analyse 6-8 pairs to see if there were any trades to take. If no trades grabbed my attention, I would continue to skim all 6-8 pairs until I forced a trade to come to my attention. + +Trading multiple pairs was terrible for my trading at the beginning. I always assumed that all pairs have the same qualities and move the same but how wrong I was. Reducing the number of pairs that I traded to only 1-2 helped my trading greatly. You notice certain qualities that each individual trade has, such as EURUSD not pulling back as much as GBPJPY, for example. You learn the language of the pair and how it may react at certain S/R or to certain news. + +&#x200B; + +What are you currently struggling with? +I know this is going to be a controversial topic so I ask everyone to be open minded. + +I recently bought a duplex that is need of major foundation work. There is one Section 8 tenant living in one of the units but I'm going to not renew her lease due to not wanting her in the unit while the repairs are being done. + +I'm grappling with the moral dilemma of being part of the gentrification problem. She's going to have to move further away from the city and will probably have to pay more anywhere else. I'm considering renting to her at another unit of mine but I would be giving up $400-$500 per month by doing so ($1300 rent instead of $1700/$1800). + +I know financially it doesn't make sense I shouldn't worry about it but I wanted to get others' thoughts? +https://www.wsj.com/articles/warren-buffett-says-markets-have-become-a-gambling-parlor-11651340230?mod=hp_lead_pos2 + +“It’s a gambling parlor,” Mr. Buffett said Saturday of the markets over the past few years. He added that he blamed the financial industry for motivating risky behavior among investors. While he finds speculative bets “obscene,” the pickup in volatility across the markets has had one good effect, he said: It has allowed Berkshire to find undervalued businesses to invest in again following a period of relative quiet. + +Up until recently, Berkshire had largely been sitting on its cash pile. Its business thrived; a recovering economy and roaring stock market helped push net earnings to a record in 2021. But it didn’t announce any major deals, something that led many analysts and investors to wonder about its next moves. Berkshire ended the year with a near record amount of cash on hand. (After Berkshire’s buying spree, the size of the company’s war chest shrank to $106.26 billion at the end of the first quarter, from $146.72 billion three months earlier.) + +Mr. Buffett’s feeling that there were no appealing investment opportunities for Berkshire quickly gave way to excitement in late February, he said Saturday, when he got a copy of Alleghany Chief Executive Joseph Brandon’s annual report. + +Berkshire’s decision to build up a 14% stake in Occidental also came about with a report. Mr. Buffett said he had read an analyst note on the company, whose stock is still trading below its 2011 high, and decided the casino-like market conditions made it a good time to buy the stock. + +“I don’t think we ever had anything quite like we have now in terms of the volumes of pure gambling activity going on daily,” Mr. Munger said. “It’s not pretty.” + +But the amount of speculation in the markets has given Berkshire a chance to spot undervalued businesses, Mr. Munger said, allowing the company to put its $106 billion cash reserve to work. + +Neither Mr. Buffett nor Mr. Munger specifically addressed Berkshire’s decision to increase its Chevron stake. + +But the two men offered a defense of the oil industry. It is a good thing for the U.S. to be producing more of its own oil, Mr. Buffett said. Mr. Munger went further, saying he could hardly think of a more useful industry. + +--- + +Personally I'm not sure what made OXY or CVX so much more appealing this year than last year or the year before, when they were selling for much less. +The answer to all of these cycles may be explicitly stated in the Nov. 3rd Credit Facility Agreement and this sub has ignored this doc on a criminal level (so to speak). + +DOCUMENT: [https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm) + +Am I the only one who thinks that Ryan Cohen isnt some finance guru who was able to uncover a mystery with no other available data other than what was out in the public and also available to superstonk. + +I highly recommend everyone read the documents because I think it has a lot of info that can 1. dispel FUD/hype dates around when certain things can happen - namely when a dividend may occur, acquiring or merging with companies, and other similar events which the subreddit has a high-interest in. 2. Give us a better understanding of the quarterly cycles. + +What the credit facility agreement shows us is that banks loaned GME money and they hedged these loans with a variety of derivative swaps. Ryan Cohen/GME has to also hand over all of GME's finance + operations data to their lenders on a monthly and quarterly basis so they can reassess the situation and hedge accordingly. You can find the schedule of when Ryan Cohen hands over their data in ARTICLE VII REPORTING AND MONITORING COVENANTS. This may be why he can tweet the night before we moon on cycles. Because that's when GME hands over this data. As to the shit emojis and the market tanking? Well I need the rest of Superstonk to help me. + +Please note though, while the finance reporting schedules + swap schedules may be tied to Ryan Cohen's tweets on the quarterly cycle that we all know of, the Credit Facility also has a trove of data on the covenants that are currently restricting the company from issuing a dividend, making acquisitions, etc, + +One look at this agreement and anyone can tell this is not a 1 person job to start writing DD, but a sub-wide one. I am currently working on one. But please drop a comment if you have questions, happy to answer as much as I can. The biggest questions I am trying to answer are + +**1. When will GME be able to satisfy the restrictive covenants which are preventing it from taking several wanted business actions (such as issuing a crypto dividend). In their most recent 10-Q (Q3 2021) filing, they explicitly stated there are restrictive measures that are making things difficult for their CURRENT and FUTURE operations and the second item on that list was dividends.** + +**2. How does Ryan Cohen know when these quarterly cycles happen very precisely which can be seen by him tweeting out the night before it happens (Feb. 24th, May 25th, and Nov. 21st, and almost precisely in August).** + +&#x200B; + +edit: This is a complicated doc and I by no means have all the answers. Im sorry for the title, but I really hope every member of this sub understands how important this document is to the MOASS saga because it basically turns DTC members into the "parole" officers of GME and controls what GME can do and when. + +edit 2: Please note while the agreement does say that a dividend can be made today, there are restrictions throughout the document that also need to be fulfilled for it to happen. +I should say I haven't been able to figure out whether employee owned companies do or don't out perform other companies, but since they have not come to dominate the economic landscape my assumption is that they don't? + +&#x200B; + +So my question is, if not, why not? It would seem that having employees with an ownership stake in a company would more closely align their incentives with the success of the company. In a normal company, working harder or smarter generates more profits for the shareholders. Some traditional corporations institute profit sharing, but profit sharing schemes would seem to provide incentive for shareholders to invest profits in capital or acquisitions, or to engage in self dealing. (For example, renting a factory building at an elevated price from a shell company owned by the same person.) +**Typo in the title: March 27, 2000 was the dotcom peak** + +**Edit: As people are pointing out, this information doesn't consider dividends. [Here's a chart](https://i.imgur.com/zxvjVUS.png) with dividends. QQQ has still not caught up to SPY since dotcom peak.** + +I won't claim to be an expert who interprets what this means, just found it interesting after throwing these up on a chart. + +* [March 27, 2000 to present](https://i.imgur.com/ElmDDwG.png) + +* [March 27, 2001 to present](https://i.imgur.com/JcG87c6.png) +What could be a good way to learn python and algo trading for a high school only educated person. +I ahve 3-4 hours a day beside my work that I can go on to learn something, have started learning python 20 days back, bought a book called automate the boring stuff using python. How do I go ahead with this algo trading stuff? +Would appreciate if experienced reddit algo traders can provide some good reference books/blogs/courses/materials for financial modelling that uses proper statistics and mathematics rather than if-then-else on Technical indicators ? +https://www.nytimes.com/2019/05/28/smarter-living/you-accomplished-something-great-so-now-what.html + +This article is a good reminder to create the life you want before you retire. Achievement doesn't necessarily equal long term happiness and the article quotes a psychologist as saying that "The No. 1 predictor of happiness . . . is the quality time we spend with people we care about and who care about us. In other words, relationships.” +Hello everyone. I've been studying economics for three years and I've always wondered why, in other social sciences - such as sociology or anthropology -, people use marxist-method to analyse (much) phenomenon; but we don't. + +I'll explain what I mean by the term "marxism". I'm not, obviously, referring to Marx's semi-political conclusions (as revolution, socialism); nor to Marx's economics' bases (labor theory of value). I'm referring to the marxist method: historical and dialectical materialism. It is a method that allow people to study phenomenon, them origins and them developments; based on strictly economic reasons. + +My university professors have always teached me that there are consumer (or families), enterprises, the state, trade etc.; and they have teached me that like these concepts are necessary and eternal. They are unborn and they'll last forever. +But, how have these concepts formed?, and why? And so on: how will they be in the future? + +I've already heard about Schumpeter and Sraffa. I've read "Capitalism, socialism and democracy" by Schumpeter but I haven't read anything by Sraffa. Imho Schumpeter's ideas about the fall of capitalism, or about socialist society, are very weak and poor. + +The only answer that I could give to my question it's about political reasons and interests. But tbh I can't believe my own words. + +I'm an italian guy so, sorry for my poor english. +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! + +Posting on a throwaway account for anonymity. I've noticed a lot of turning ones nose to Private Wealth Management (PWM) on this sub. I wanted to provide an outlet for users to ask questions and clear up misconceptions as I really think its a misunderstood service here. I find it curious to contrast what I've read here ("don't use a wealth manager, its just another layer of fees") vs actual clients experiences with us. + +By way of background I work on the investments side of a multi-family office (minimum: \~$20MM). The way I would describe us is essentially a co-op owned by our clients for our clients. We and other family office outfits tend to provide full service offerings (estate planning, tax, investment, trust servicing, bill pay, financial education, handling multiple generations of a family, etc). + +Each family office, multi-family office etc have their own stripes, but I can speak towards general practice within the space. + +Mods if this is not appropriate, please feel free to remove. +So I think most of use know about Cred app which lets you pay credit card dues and in return they give you freebies. + +I assume their business model is taking a cut from the offer providers in return for effectively advertising their business to new customers in the form of freebies. + +What prevents other fintech platforms like Groww and Kuvera to start offering similar credit card payment services with similar freebies ? Note that the freebies must be coming from advertisers themselves because that is the only model in which Cred can sustain instead of just burning investor money. +https://www.nytimes.com/2019/10/17/style/rich-people-things.html?smid=nytcore-ios-share + +-No one has a “number” these days (sad) + +-Without work we must face the nature of existence” (basically ignoring your own mortality via distracting yourself) + +-Running in circles with other rich people (Keep up w/ Joneses) + +-Addicted to money + +-The world as we know it is about to collapse..need enough money to colonize Mars/Move to New Zealand/freeze my body/ etc + +Are any of these reasons compelling to you? The people referenced in the article seem absolutely insufferable. +Pandora Papers: + +Terabytes of data, 12.9 million documents, all detailing how billionaires and over 300 corrupt politicians have avoided taxes, and Bitcoin was not used a single time by them. + +How can it be that exactly the politicians who claim that crypto would be the main accelerator of financial crime and tax evasion have used exclusively the broken old financial system to do that which they blame crypto on supporting. + +With Bitcoin every single transaction would be transparent on the blockchain, everyone could see where all the money is going. Wondering why they are so against it? The reason seems more obvious than ever. + +Pandora papers showed that people are using loopholes in tax laws to hide their wealth in tax havens to hide their wealth or ill gotten gains. They are not using cryptocurrency to do that, there are plenty of loopholes in tax laws for doing it legally. + +The rich are holding properties and investments under a network of offshore companies that are set up in other countries, or "offshore". + +These offshore countries or territories are where: + +\- it's easy to set up companies + +\- there are laws that make it difficult to identify owners of companies + +\- there is low or no corporation tax. + +The best part of it is that using tax havens to dodge taxes is not illegal. Loopholes in the law allow people to legally avoid paying some taxes by moving their money or setting up companies in tax havens, but it is often seen as unethical. + +Its estimated that from $5.6 trillion to $32 trillion is hidden in tax havens, according to the ICIJ. The IMF has said the use of tax havens costs governments worldwide up to $600bn in lost taxes each year. + +To hide money all you need to do set up a shell company in one of the countries or jurisdictions with high levels of secrecy. This is a company that exists in name only, with no staff or office. It costs money though. Specialist firms are paid to set up and run shell companies on your behalf. These firms can provide an address and names of paid directors, therefore leaving no trail of who is ultimately behind the business. + +When such a huge amount of money is hidden in offshore havens, the rich still blames cryptocurrency as the culprit for money laundering. This is classic gaslighting. They are projecting and blaming the most vulnerable group, what they do themselves. + +This legal way of tax dodging will never end because the people that could end the secrecy offshore are themselves benefiting from it. So there's no incentive for them to end it. + +Its time more people speak up against this and move more towards cryptocurrency where all data is independently verifiable. +Hello everyone! + +I created a short list of the books that I find more useful in order to become a better investor. + +I leave you with a quote from Nomad Letters which point out the importance of psychology in the process to perform to become a good investor and most important a better human being. + +“there are three competitive advantages in investing: informational (I know a meaningful fact nobody else does); analytical (I have cut up the public information to arrive at a superior conclusion) and psychological (that is to say, behavioural).” We concluded that the enduring advantages are mainly psychological. +Nicholas Sleep – 2005 Nomad partnership letter + + +https://dscompounding.wordpress.com/2021/09/09/books/ + +I will soon share the last chapter of my course titled +"Cash Flow statement analysis" + +I hope the blog will be useful as it is useful for me to write it. +Ticker: AGFS + +&#x200B; + +I am looking at this one company that has solid operating & free cash flow. The problem is that this company's earnings are so bad due to expenses being incurred by the depreciation and amortization. So when you look at its income statement: Gross profit- excellent, Operating Income-negative. It has a lot of SG&A expenses but what surprises me the most is how big the operating expenses are coming from the dep'n and amortization. That's why it has solid cash flow because when the dep'n and amort are added back to the cash flow statement, it's a huge chunk. + +&#x200B; + +Please tell me the importance of depn & amort when they are not even "real cash expenses." My guess is, and you can correct me on this one, is that the stock market is ONLY obsessed with earnings. So this company is under the radar for now, but once all the depn & amort has been written off, net profits will be positive and therefore will take the market's attention. Is that the case here? AGFS is trading at low multiples and could be a deep valued stock. FYI its book value is 3 times its share price but the tangible bv is negative. Intangibes of this company are like 80% of its total assets, which Ive never seen before in a company. +Exactly what the title says, I’m interested in doing some further research into companies. I don’t care what industry or sector they are in. + +I prefer them to have positive FCF and low debt. + +Let me know what companies you have in mind. +Hello everyone! + +I created a short list of the books that I find more useful in order to become a better investor. + +I leave you with a quote from Nomad Letters which point out the importance of psychology in the process to perform to become a good investor and most important a better human being. + +“there are three competitive advantages in investing: informational (I know a meaningful fact nobody else does); analytical (I have cut up the public information to arrive at a superior conclusion) and psychological (that is to say, behavioural).” We concluded that the enduring advantages are mainly psychological. +Nicholas Sleep – 2005 Nomad partnership letter + + +https://dscompounding.wordpress.com/2021/09/09/books/ + +I will soon share the last chapter of my course titled +"Cash Flow statement analysis" + +I hope the blog will be useful as it is useful for me to write it. +What are some of the apps that you use to keep track of things such as earnings dates, earnings calls, and general news on the companies that you follow? + +edit: I found a website/app that is great for earnings alerts and news through emails. It also has earnings transcripts so if you don’t want to listen to calls you can read them. The website is [Docoh](https://Docoh.com). +Hi algotraders, spent a long time developing a working strategy which can be used live, thought I'd share some live results with you all. It's currently generating income for me and my partners and neither of us work for hedge funds or anything, mostly just part time work accumulating over a few years. We started with promising manual strategies and added more automation as we went along. + +This algorithm monitors a few thousand symbols, mostly US and CA stocks and executes anywhere between 1-30 trades per day, almost every day but with more activity around quarterly reporting. + +The strategy to generate the signals uses a few ML models trained on historical data over the past few years on data extracted from Thomson Reuters, as well as on our own proprietary formulas (in total, a few hundred features we deem most important are used in training). + +For trade execution, we wrote our own software in .NET interfacing with IBKR. Machine learning is almost all Python. + +For backtesting, we use QuantConnect as well as some in-house built software. This is mostly to try optimize certain parameters (entry/exit times, allocations, ...). + +Here are the results from my actual IBKR account so far this year: + +[Live equity curve](https://preview.redd.it/832l9mhqo4071.png?width=1578&format=png&auto=webp&s=cc203975066310ee7fddb89d58063ed55ab12800) + +One concern right now is drawdowns... as you can tell, they can still be significant and we would like to smooth out the equity curve a little bit if possible. +Everyone is always writing that 30 to 45 DTE is the sweets spot, but I haven't quite figured out why. When i look at profit per week, shorter DTE outperform longer ones by a lot. Say you want to stay around a 0.3 delta, premiums will look like: +1 week out: $1.11 ($1.11 per week), +2 weeks out: $1.70 ($0.85 per week), +3 weeks out: $2.44 ($0.81 per week), +4 weeks out: $2.61 ($0.65 per week). +I understand there is an increased gamma risk and there is less time to adjust if the underlying is going against me, but the monetary risk is always about the same since it depends on the strike price and profit is almost double when selling weeklies compared to 4 weeks out. +So what's the deal with the 30 to 45 DTE? What am I not getting? +Today my sister convinced me to go to one of these timeshare meetings to get free tickets so we could all go to dinner theater. I do not recommend this. While I was smart enough to say no to this insane “program,” there were tons of people around me signing up. There was a troubling number of disabled people in the room. Just buy the tickets. + +To break it down, you get 200,000 “points” per year for $50,000. What does 200,000 equal? + +“It’s different everywhere but if you don’t go during peak season you can go for two months and you can even RENT your space!” This was a lie. + +They wanted us to pay a $15,000 deposit today and finance the rest in house for 17.99%. For those keeping up at home, you are paying roughly $150,000 for points for life, plus a yearly maintenance fee, for which they could not project into the future. I asked if they could show me how much it has risen in the last few years and where they project it to be, and they wouldn’t provide me with any of that. “It won’t rise exponentially.” + +This whole situation pissed me off. They asked us to not lie and be open minded, but constantly lied to us. They use every shitty sales tactic in the book. They shame you for choosing to be a renter instead of an owner. They change the location of your meeting constantly. They changed sales reps multiple times. They would not accept no for an answer. I showed them that it would be ~~$150,000~~ $80,000 in 10 years and he kept repeating “it’s $50,000” over and over again. + +Think of the tricks Michael uses in the Office: + +“Do you want your life to get better, worse, or stay the same?” + +I get home and log into eBay and see that these $50,000 memberships can be bought for literally $1. + +The whole experience was horrifying. They prey on the uneducated and those with special needs. + +EDIT: Someone checked my math on the interest. I way overestimated. + +EDIT 2: I’m so happy that this post blew up on /r/personalfinance. We went to dinner theater and my 7 year old niece had an incredible time and it made the bullshit 100% worth it. Honestly though, I should have just bought my tickets. The 2 hours promised turned into 4 hours. I was belittled, shamed, and insulted. + +As some have pointed out there are **rare** situations where timeshares are worth it, especially if the maintenance fees are fixed. For the most part, it’s $50k-100k of revenue for the hotel groups that is pure profit. If you are stuck in a timeshare you hate GETOUT! If you aren’t, count your blessings and *gAsp* rent your hotel rooms, use your credit card rewards, or use AirBnB. +There are periods when the international market outperforms the US market and Vice versa, and it is better to be more diversified, but for returns in the near future, should I just stick with VTI? Or should I accept potentially lower returns with VT? +So I am currently holding 50% ARKK 40% ICLN and 10% VGT that I’m looking to hold for the next 5 to 10 years. Do you guys think this is aggressive enough for my age or do you think i should diversify into more ETFs? +Honestly, this community is peaking. + +One little, $1.5B, mistake was immediately spotted. People asked Fudelity the right questions, and when they showed their cards, apes knew what was going on. + +An astounding number of shares were already DRS'd, and the Fudelity 'glitch' caused a second wave of apes DRSing. + +More and more apes are coming to the realization that DRSing their shares is in their best interest. + +Shills were once again trying to create false expectations for the upcoming earnings release. And apes immediately slammed down this obvious attempt to create FUD. + +Apes have been diligently buying the recent dip at dirt cheap prices (<$180). + +Apes are expecting a dip on earnings release. + +The mods were transparent about corporate media contacting them. Mods presented this information to apes. Apes said corporate media can fuck off. + +/r/Superstonk surpassed 700k subscribers. + +I was privileged to help 5 new people get on board. + +There are regular posts of whales with >$500k invested in GME DRSing their shares. + +Gamestop is on the verge of announcing their NFT marketplace in collaboration with Loopring. + +# Despite all of the bullish indicators above... Believe it or not, dip. + +It is a travesty that such a small group of wealthy organizations are capable of having this much control over the price of a stock. + +Soon, the whole world can't ignore it. This ~~movement~~ group of individual investors will be written about in the history books. + +What a time to be alive. Love you all ❤️. Buy & HODL & DRS. + +&#x200B; + +Edit: Movement -> group of individual investors +*Throwaway account* + +Hi all - it was always my goal to get to $1M by the time I was 30 (4 months late to my original goal, but meh...). I've been looking into the FIRE movement, and while neither my wife and I are super interested in the RE part, we certainly want to make responsible financial decisions to be FI. And now I'd like to make a goal for when I am 40. + +Some NW stats: + +* $160k - 401k +* $110k - primary residence equity +* $600k - brokerage accounts + * 70% is my company's stock. Working to reverse DCA and diversify this more. + * We both work in tech (me at a startup that's succeeded, her at an established company), and my company's ISOs have certainly helped us get started. +* $85k - cash + * Looking to get some real estate for income, but then COVID happened. Sitting on this for now and DCA'ing into the market. Still want to do this, but prices haven't fallen as expected. +* $45k - alternate assets + * A couple of hobbies of mine are watches and collecting precious metals. These can all be pretty liquid, so I tend to count them in the number. + +Other notes: + +* Income has been steadily increasing and is \~$400k the past two years, $120k of which was stock vesting. +* We live in a HCOL and have a pretty poor savings rate by the standards of the FIRE community, about 25-30%, but we've always kept monthly tabs on our finances and are satisfied by the rate of growth we are seeing. + * I also don't mind working, I like what I do and while there is burnout from working 80-100 hrs/week occasionally, I am motivated by the work. + * We also want to enjoy life. We love to travel and be blown away by the experiences we've been fortunate enough to have. This habit definitely pushes out when we reach our FI number, but enjoying life along the way is worth the delayed gratification to us. +* Have one baby now, planning on two more in the next few years, so any FI would need to be a significant number +* The fatFIRE number in my mind is $6.425M, which I think will allow for \~$200k of annual spending coming from passive income that I'd feel comfortable with. + +The main reason for my post - for those in similar situations, at which point do you start focusing on the income produced by your capital? I'm thinking my goal in 10 years should be driven by the amount of passive income I can make from stock dividends and real estate, instead of a NW number. However, I don't want to make stupid decisions given my age, and sacrifice an attractive yield for growth that'll be worth a lot more decades from now. + +My current thought for my goal to my 40 y/o self is: $8k monthly income from stocks, $10k monthly income from real estate. Not sure if this is realistic, but I didn't think I had a chance for $1M by 30. + +Does anyone have any feedback on this plan? + +Thanks for reading! +Hello Again, + +I am just looking for opinions and general advice on the following: + +* Currently living in paid off house, can rent for 4500ish (950k house, 675.00/m in taxes) +* Total expenses per month is around 4.5k +* Save about 10k per month + +I am considering moving to another house and renting this one out. My thoughts are the mortgage here could pay for my next house or a good portion of it (assuming a few 100k down). One part of me says stay as I am just saving a lot per month with minimal expenses. The other part says, if the rental here can pay for most of my other mortgage, why not move and gain another property. + +&#x200B; + +Just looking for general constructive criticism and thoughts. + +&#x200B; + +Quick Edit: 675/mo in taxes. and looked at comps, around 4500 is a reasonable number. Still doesn't change what you guys suggested, just wanted to make sure post was accurate. +Hello I have a question and was it true that you have to fight against the best algorithms, the smartest people and against insider information ? I am relatively new to trading and wonder if you have a chance at all? If you have to compete against people with a Bloomberg terminal... +Dear AusFinance Redditors + +1) What's your salary? +2) How many hours contracted weekly? +3) How many hours do you actually work per week? + +Optional: Industry & job title. +United States: My friend says he went to this accountant and they amended past years and went from owing the IRS to them owing HIM. He lives a normal life style, doesn't have a mortgage, doesn't go to school, basically it should be a 1040ez. The accountant has to be lying about what they are reporting right? Would he ever get in trouble if he were caught or is the liability all with the accountant? +Central bank offered $75bn in short-term operation to alleviate funding squeeze + +[https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17](https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17) + +I think this should be getting more attention. At first it was believed to be technical factors instead of systemic issues, but now it appears to be a liquidity problem related to banks either trying to pay quarterly taxes or buying Treasuries. + +Makes you wonder if this will have some bearing on the Fed's decision this week. + +&#x200B; + +Update: The Fed is planning to inject *another* $75bn tomorrow morning, September 18 (article updated). Interesting. + +Update 2: Dealers requested over $80bn Wednesday. Overnight rate still rose to 2.3% yesterday, above the Fed's target rate of 2-2.25%. +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Only after a day of hitting the new ATH of $1500, we have already hit a new ATH of 1600$. Ethereum is in a major upwards trend and will probably go even further. This community is really strong supporter and hoping we can push this forward. + +1 december 2020: $600 + +1 january 2021: $741 + +1 february 2021: $1315 + +&#x200B; + +https://preview.redd.it/fwte343hcaf61.jpg?width=357&format=pjpg&auto=webp&s=96c828ecdc45c5cff025b763069fb8f99eb988df + +Even tho it has been a really exciting time, more to come! +So, this is kind of the first time where I am getting worried for keeping my altcoins. I know they will probably get back to what they were worth like 3 days ago, but I am wondering if it would be better to sell now and buy back in a couple of days. What are your gameplans for now? +Got 3 trades today on London session. + +1 on EJ - Loss. After reexamined the position I realized what I did wrong, that the confirmation is weak. - 0.71% + +1 on GJ - Loss. Took a risky short position, the top wick of next candle touched the stop loss before going down, you know how that felt. Add -1.03% + +1 on GJ - Loss. After the previous loss, the price went up, then down hard passing my previous entry, and I FOMO. EF O EM O. Too volatile, the price went up again before went down. As the drawdown scared me, I close on loss. -0.75%. + +Overall down -2.5% with commissions, wiped my profit since last week. I only able to get 2.7% since last week. Suddenly I want to puke. Never in this position before. Should I just puke? +ELON can’t shut the fuck up, so neither will ELONPEG! But rather than just make another Elon coin based on something he tweeted or an appearance on SNL, they pegged Elon. + +WTF is Pegging? In everyday life, pegging is something mom did to dad on special occasions. 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, and ELONPEG pegged Elon. This means every time Elon tweets, a secure system of APIs and smart contracts AUTO-BURN supply, resulting in reflections for holders and mass amounts to burn. + +Since the coin launched on June 3rd he’s tweeted ~185 times, burning about 28% of total supply (well over $1m) with plenty more to go. See what we mean here: https://imgur.com/a/cKxm4DE + +MASSIVE marketing every minute since launch between poocoin and 4chan ads, influencers, multiple voice and text AMAs and podcasts with the devs, locked liquidity, listed on CoinGecko and CMC, about 20 hours a day of admin interaction, and limitless potential with amazing tokenomics and automations! + +Check out the site: elonpeg.com + +🔥 Tokenomics 🔥 + +* 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, adding to the vault, and carbon offsetting +* ALL project contracts and wallets secured by hardware wallets, this new "dev got hacked" trend is unacceptable. +* 1 Trillion total supply, 500Bn has been sent to the Vault for burning and recirculation by Elon +* Both the ELONPEG token and Vault have been audited BEFORE launch +* US LLC backed, 2 devs based in US and 1 in the UK +* Further automations blast the message on our TG and Twitter! Every Elon tweet creates MAJOR HYPE as we watch the reflections roll in and the burn happen automatically. + +🪐 WEN MARKETING? 🪐 + +We’ve got ads on PooCoin, 4chan, multiple videos and posts up on Twitter, TikTok, and Insta, and a rotation of influencers worldwide ready to go. CoinGecko just dropped. 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 every day with outreach and awareness campaigns. + +I haven’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. + +📈 Key Information: 📈 + +Website: elonpeg.com + +Telegram: t.me/elonpeg + +Twitter: twitter.com/elonpeg + +Contract: 0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +Chart: poocoin.app/tokens/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +Panacake Swap: exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3 + +BSCScan Explorer: bscscan.com/token/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +This is not financial advice. This token was created by founders located in the US and UK, who have partnered up to create a US-based LLC. They’re committed to project success and security, but as the crypto market is volatile you should always do your own research! +# IMPORTANT EDIT + +**NONE OF THIS IS FINANCIAL ADVICE, I'm literally just talking about numbers, you do you with trades!** + +Some people have expressed concerns that [sec.report](https://sec.report) doesn't seem like a legit website, or that user ChristCraftTexasUSA is showing bot behavior. While I admire and encourage people to always remain skeptical and vigilant, please double check before throwing such claims around. + +Per the bottom portion of the [sec.report](https://sec.report) website [https://imgur.com/a/xgdUY7a](https://imgur.com/a/xgdUY7a) \- It is just a data scraper / aggregator that presents this data from the [sec.gov](https://sec.gov) site in a more readable way. + +The website is about 3 years old going by the age of its twitter account [https://twitter.com/EdgarInsider](https://twitter.com/EdgarInsider) + +And probably, most importantly, you can literally get the source data from the SEC website. Here I am showing the numbers for the June 14 date and where to find them. [https://i.imgur.com/AOIWpT1.png](https://i.imgur.com/AOIWpT1.png) + +Feel free to verify the other two numbers (Oct for GME, Dec for TSLA) for yourself if you like. + +I just want to say that while it's okay to be skeptical, and always challenge the information you are presented with, challenge it by doing some actual digging, not by just throwing accusations around. You may inadvertently hurt someone that is just trying to provide a free service to all of us. Be excellent to each other apes. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +# MAIN POST HERE + +The starting point of my maths: [(1) GME FTD shares Failed to Deliver SEC link: https://sec.report/fails.php?tc=36467W109 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/obet09/gme_ftd_shares_failed_to_deliver_sec_link/) + +I think "FUCK ME" is an understatement here. I've been comparing **GME FTDs** with **TSLA FTDs** since TSLA is the more "Volatile" of the stocks out there. The numbers are mind blowing. + +**The very last datapoint** we have on GME is **June 14, with a FTD count of 105,712** + +**The highest ever** nr of FTDs in one day for **TSLA was on DEC 17, 2020, at 1,382,452 FTDs.** + +At first glance, it would look like the tesla number is 10 bigger than the GME one no? Well you'd be right, however we need to remember that the number of outstanding shares for the two companies are wildly different. On Dec 17, TSLA had 905,000,000 outstanding shares, while on June 14, GME had only (assumed) 77,000,000 outstanding shares. + +So if you put these percentage wise: + +\- TSLA: 1382452 / 905000000 \* 100 = **0.1527 % of total shares were FTD** + +\- GME: 105172 / 77000000 \* 100 = **0.1372 % of total shares were FTD** + +So just a random day in June for GME had as many FTDs as Tesla did in its highest day ever in its history. + +So then... the question on everyone's mind... what was GME's highest FTD day? Well you see everyone, **Oct 13 2020: 3,210,148**. On that date, according to ycharts, GME had 65.2M outstanding shares. I'm actually going to go with 70 mill shares as I think the 65M number is wrong. So + +\- 3210148 / 70000000 \* 100 = **4.5% of total shares were FTD. THEY COULDN'T LOCATE 4.5% OF THE GOD DAMN COMPANY!** + +***Flash edit:*** /u/Lilsunshyyne ***in*** [the comments](https://www.reddit.com/r/Superstonk/comments/obh3z3/simple_ftd_math_based_on_uchriscrafttexasusa_post/h3ooj12/?context=3) ***said the following "*** *I think the 65million share number is correct because although they were authorized to sell an additional 2 mill or so shares they hadn't yet at that time (oct 2020)... (this was the first share offering they made this year, to complete their authorized sales from prior authorization). Then they notified us of an additional 3.5 mil shares that was recently completed. So all that to say I think that 65 mil number is correct. Not financial advice...just opinion based upon observation. "* ***and I think they may be correct, so let's do the math with both 65 mill and 70 mill.*** + +*- 3210148 / 65000000 \* 100 =* ***4.93% of total shares were FTD. THEY COULDN'T LOCATE 4.93% OF THE GOD DAMN COMPANY!*** + +SEC what the fuck are you doing??? Seriously who looks at these numbers and goes like "YEP, THIS IS FINE!". Do your god damn job! + +Sources: + +GME FTD data [https://sec.report/fails.php?tc=36467W109](https://sec.report/fails.php?tc=36467W109) + +TSLA FTD data [https://sec.report/fails.php?tc=TSLA](https://sec.report/fails.php?tc=TSLA) + +GME Outstanding Share Count data: [https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding) + +TSLA Outstanding Share Count data: [https://ycharts.com/companies/TSLA/shares\_outstanding](https://ycharts.com/companies/TSLA/shares_outstanding) + +No fuckery going on here people.... +Purrari Token just stealth launched less than 24 hours ago and is on the path to be the next big reflection token on BSC that will pay its holders 8% BTC rewards for holding. $PURR hit an all time high of about $125k hours after launch with zero marketing and is backed by a strong community. Purrari is destined to give away Ferraris to its holders at different market cap milestones they achieve. There is a long-term vision for Purrari that includes NFTs, PurrariSwap, large partnerships, an innovative dApp, and more! + +Purrari has a team of experienced and KYD’d devs that have been in the crypto space for about a decade. Their last project hit an all time high of $8M market cap and intend to surpass that with this project. + +✅ Safe Devs + +✅ Verified Contract + +✅ Liquidity Locked 30 Days + +✅ Previous Project Hit $8M + +✅ Ferrari Giveaway + +📝 Contract: 0xb53149f3889616c9ee5c7383058b92dc81cc5dc3 + +Tokenomics + +- Total Supply: 100,000,000 + +- Max Tx: 2% + +- Max Wallet: 2% + + +Buy: 13% + +- BTC Rewards: 4% + +- Marketing: 5% + +- Liquidity Pool: 3% + +- Development: 1% + +Sell: 15% + +- BTC Rewards: 4% + +- Marketing: 6% + +- Liquidity Pool: 3% + +- Dev: 2% + +Socials/Links: + +🌍 Website: https://purrari.io/ + +☎️ TG: https://t.me/Purrari + +🐥 Twitter : https://twitter.com/PurrariToken +Many people think and believe that the US Government is minting a lot of notes and that's going to cause a massive stock market crash in coming 2-3 months (or maybe sooner). What do you guys think? +Comparing nowadays market with 2013/2017 we see very similar patterns arise. Hysteria is probably gonna break out sooner than later, and here is why. + +NOTE: this is my personal, speculative view based on pattern recognition and market sentiment. I'm not here to create any FUD/FOMO or whatever, even though I'm probably still getting flamed for it in the comments. + +1. The marketing and creation of shitcoins is still on a contant rise. A LOT of new investors fall for fake promises from new projects, because they think it's the next new thing. This is ofcourse nothing new, BUT it won't slow down until we're starting to see red numbers again, and the shitcoin teams cannot afford to invest into marketing anymore. + +2. ETH will most likely overtake BTC as crypto asset with the largest market cap. This is mostly derived from the fact that ETH is still by far the most utilised and adopted blockchain out there, and with continuous work from the dev team, that won't change anytime soon. If u take a look at the BTC dominance chart, I expect a similar pattern to that in 2017. When this hits the news a new wave of dumb money will shortly flow into the market, leading to large price volatility. + +3. Looking at the market cycles, most technical analysts believe that BTC will climb to new ath's this year. Combine this with the fact that the BTC dominance will most likely keep dropping, altcois will soar when this happens. + +4. When everyone thinks they can cash out soon and never have to work again, big corporations who have had a balanced portfolio since like forever (and basically control the market) will just dump on the average joe, leading to real FUD all over town, and ending the 2nd part of the 2021 bull run. + +There are more points that I'm willing to discuss in the comments, but for now I've taken my shit, so it's time to go on with life. + +Feel free to share your opinions and have a civilised discussion in the comments. +[Following another quarter of losses, CEO George Sherman says he anticipates fiscal Q4 to see positive year-on-year sales growth due to next-gen launch.](https://www.gamesindustry.biz/articles/2020-12-08-gamestop-has-closed-462-stores-so-far-this-year-783-since-last-year) +I’m $200 short on rent because my boss told me I would receive my first paycheck today but I did not. I’m very frustrated because I asked him this several times and he made it seem like he was sure I would get paid today. I was already late last month so and my landlord gave me a warning. Does anyone have any suggestions on how to make $200 fast. I do not have a car so I can’t do delivery apps. +Edit 2: keep seeing the same arguments over and over again in the comments, so I wanna clarify some things + +I am 100% DRS. I actually believe that locking the float is the only real catalyst. + +However, + +This idea that they can delete your position literally encourages paperhanding. + +If you believe your shares will be deleted, the only logical thing to do is sell at low-ball numbers before that happens. + +Obviously the best thing to do is drs, but even if everyone did all at once, there would still be hundreds of millions of synthetics left out in the cold when we reach 100% +And then their only option would be deletion or paperhanding if you believe this dogshit theory. + +Lastly, if they could delete our positions outright, why have they not done it already? Why didn't they do it back last January? + +I believe that they are afraid of backlash. Maybe not legal necessarily, but our backlash. + +Regardless, the last thing we need is to make excuses for them. Keep the pressure on them. Threaten revolution, idc. + + +Edit 3 + +I was not entirely clear in my last edit, or with why I posted this in the first place. + +Obviously they will try whatever they can to weasel out of their obligations + +They may even try deleting some positions. + +You may have noticed in the title I said 'when' they try to delete shares. + +The point is that to do it on a mass scale, they would have to be sure they wouldn't be absolutely fucked over anyways for doing so. + +This why we have to hold them accountable afterwards, legally or otherwise, and let them know that we will do so beforehand. + +And as another ape mentioned, after Moass those who are able to take gains will have money for armies of lawyers. + +Because it is illegal, we have the grounds to actually succeed at this, once we have our funds. + +If that doesn't work, then are other ways of holding people accountable. use your imagination. + +If we don't threaten to do this, if they succeed in normalizing this idea, then they may just try it much more. + +This is ultimately why I'm making this post, so they don't succeed in their psyop + + +Edit 4 + +Wow. I can't believe I got almost 4k upvotes before noticing this. +I meant CMKM + +Not HMKM + +I'm actually rearded. + +Anyways, I think y'all know what I meant + + +End edits + +------------- + + +As the title states, they do not have the legal right to simply delete your shares, no matter what their terms of service say. + +Firstly, just because it says something in a tos does not mean it is legally enforceable. If that was the case, someone could put in their tos that they can murder you and they'd get away with it. + +Theft is theft, doesn't matter if they say they can do it. + +There is also a rule that explicitly forbids this. It's gonna take me a second to find it, but I'll edit it in here after I post. + +Edit: nevermind I'll just link a comment from a dude who knows a lot more about this than I do. Has one of the rules included in it. +https://www.reddit.com/r/Superstonk/comments/wos37r/this_post_was_nothing_but_facts_from_fidelity_tos/ikio3ua?utm_medium=android_app&utm_source=share&context=3 + +Secondly, most of those terms only applied to margin accounts, or positions on margin (trades/cash transfers that have not settled) + +If you are smart and don't have a margin account, and non of your trades or cash transfers say 'pending', the vast majority of these tos do not apply to you. + +Lastly, and probably most important, HMKM was a shit example that has nothing to do with GME. + +This post explains why +https://www.reddit.com/r/Superstonk/comments/wqofvi/cmkm_and_the_task_force_that_made_allegations_of/ + +Tldr, this company was a sham that only ever existed to sell worthless shares and never delivered any actual value + +The criminals running it used 'naked shorting' as an excuse and a way to deflect blame when people started smelling shit. + +They were good enough at lying that they even hoodwinked Trimbath. But they were still fucking criminals, and were eventually caught. + +That's when shares were allegedly deleted. + + + +Don't let these cocksuckers gaslight you. You are legally owed your shares no matter how you bought them or how they are held. +I mean, that's kind of a central requirement for the moass theory to even be valid, is it not? Has been ever since I've been here at least. And I've been here a while. +I retired a year ago after becoming financially independent. The retirement was due mostly to inheritance from my father, but also from my own frugality and saving over 50% of my salary. I'm not quite lean FIRE, but I'm not living large either. + +Financially things have been fine. Last year the market was very nice, and my retirement accounts are up 6.2% despite having paid all of my bills for the entire year. I have a 70/30 stock/bond ratio with a variety of index funds (including broad indexes and international indexes) and a variety of bond funds. 5% out of the 70% is invested in a precious metals fund. There's also a generous emergency fund and 2 year CD chain. That's my main retirement account. My IRA and 401K are not alligned with that, but I'm putting off rebalancing those until next year. I rebalance the main account every three months. + +I started out with a 3% withdrawl rate last year. But in a year of dealing with my own issues, I have become rather disturbed with the amount of self-hate I have. I began to see that my frugality is partly a way to punish myself, and I wanted to try to be nice to myself. With my 2018 budget I bumped it up to a 3.5% withdrawl rate. I find I have trouble spending the money. My frugality is also partly a realization that things will not make me happy (except maybe my motorcycle). But I am saving the "fun" money that I don't spend, and few times I've gone over budget on fun and had to pull from the savings. And maybe I'll travel more than I expected. + +When I shifted up from 3% to 3.5% the question came to mind, "When am I going to shift down?" Now, the 3% and 3.5% are based on my initial balance at the start of retirement. If you look at my withdrawls compared to my current balance, the rate is 3.29%. The plan I came up with is that if my withdrawl rate based on my current balance ever gets up to 4%, I will adjust my budget based on my evaluation of my situation at that time. Maybe it's something that looks to be short term, and I can just soldier on through. Or maybe it's something that looks like a long term recession, and I will scale back my spending. There was a thought experiment on r/preppers about what you would do if you lost your job for six months. I wasn't worried because I have a six month emergency fund, but it made me think about how I could cut my budget. I think worst case I could get it down to 1.5%. It wouldn't be fun, but I could do it. + +I had one big expense that was not planned for. The water heaters in my condo building have reached the end of their expected working life, and several have failed. Not wanting to pay for flooding my downstairs neighbor's unit, I replaced the water heater for $3,600. Previous repairs had only been a couple hundred a year, so I hadn't planned on this. Some of it came out of my emergency fund (which I paid back in a month of diverting other savings), and some of it came from my "insurance" savings. I figure that extended warranties are a scam if you can afford the repair or replacement. But I always ask how much they are. Then I put that much into a savings account, along with a small monthly amount equivalent to renter's insurance. It looks like I may have another one coming. I know an estate lawyer, and said he'd help me put together a will. But he's been dragging his feet about it all year, so I think I'm just going to pay someone to do it. I don't know what that will run, but I may just sell some extra stock to pay for it rather than fudging budget categories. + +I think I'm still trying to figure out retirement. I have a tendency to push myself to be productive, but I push myself too hard and stress myself out. Nothing that I expect is unique, but there it is. So I'm not one of these people who has no idea what to do with themselves in retirement. I'm one of those people who has too many ideas about what to do with themselves in retirement. I'm trying to find a balance between working on the projects I am interested in and just taking it easy. That balance is elusive. + +The projects I am working on include a large programming project that I've been fiddling with on and off for years. I've managed about 11,600 lines of code in the past year on that. When I first posted that I had FIREd, I mention an interest in charity work. Soon after that I went to a Quaker gathering that had a panel discussion on the school to prison pipeline. I did some more reading and became totally dumbfounded at how messed up and racist our criminal justice system is in the U.S. I am now volunteering with a charitable organization lobbying for criminal justice reform at the state level (the federal level is dead due to the insane power a few people have in our so-called democracy). I am also working more on my Zen practice. I finally found a local teacher in my tradition, and I am at the Zendo at least twice a week, some of it working towards a Jukai ceremony at the end of the year. Finally, I am working on exercising more. After having to watch my father's decline in his old age I am trying to be healthier so I can enjoy my retirement long term. + +In terms of chilling out, I was sick for a month. I had a massive allergy attack, followed by a screw up with my long term medication, followed by another massive allergy attack. During the second attack there were four days where I got no more than an hour of sleep at a time because I was coughing so bad. It certainly was not fun being sick, but it was really nice to just be able to take a month and deal with it, and not worry about my job or much of anything else. I just did the bare minimum I needed to do, and if I had any energy left over I did want I wanted to do, and spent the rest of the time trying to take it easy so I could heal. + +The biggest thing I've noticed in retirement was my [suicidal tendencies](https://www.youtube.com/watch?v=LoF_a0-7xVQ). I have had long term depression since I was a little kid and tried to kill myself at age 10. When I was working at my old job, I was having suicidal ideation every week or two, and serious planning every three months or so. At one point I was eating so little I collapsed after walking up a couple flights of stairs. Due to my history with depression (I actually passed out from not eating once in high school, too) I just convinced myself it was normal for me. A month after I quit my job I was like, "OMG, I haven't thought of killing myself once since I left work!" My depression is still there, but it's been like crawling out of a sewer pipe into a cool rain on a warm summer's day. And not being distracted by work has given me more time to be with my depression, to understand it better, and to deal with it more effectively. + +So here I am and there I go, and I look forward to finding out where I will turn up next. + +Edit: I'm don't need therapy. I'm doing fine without it, in fact I'm doing better since I stopped therapy and started doing Zen. Don't worry about it. +Memes are fun, but knowledge is better. Enjoy the memes now and after, but we should be watching streams and scouring for DD when it all goes down. + +Edit: I guess it’s fine if some few golden memes make it through like the way it is now as they can keep the hype and spirits up. I don’t think any of that is stopping current DDs from coming up. It’s the flood during the MOASS that I’m worried about. The thank you posts and aspirational “I’m about to be a millionaire” can wait for celebrating after the squeeze. If the memes are too much, mods can consider a lockdown. Totally up to the community. I’m just offering some thoughts. + +Edit: Thanks to u/homeownerlookin4help for the reminder. You can also filter by the flair to look for DD. I still think we should avoid a flood, but good advice regardless. +I (f17) started working at my first job about 6 months ago. I have about $1200 saved up and was wondering if anybody had any advice on how and where to invest it to make more money, or any ideas on how I could save money quicker and better:) +[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 Holdings—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 let’s read what a holding company is: + +>A holding company is a parent business entity—usually a corporation or LLC—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, they’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. 🤞🏼 + +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 Gamestop’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 everyone’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 here’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 Loopring’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 don’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 y’all + +buy drs shop hodl + +moass is definitely tomorrow + +🚀🚀🚀🚀🚀🚀🚀🚀🚀 +There have been some recent posts about Dividend ETF's. Lets do a quick look into them and see what we find. + +We will look at these ETFs: + +$SPHD - Invesco S&P 500 High Dividend Low Volatility ETF + +$VIG - Vanguard Dividend Appreciation Index Fund ETF Shares + +$VYM - Vanguard High Dividend Yield Index Fund ETF Shares + +$DGRO - iShares Core Dividend Growth ETF + +$SCHD - Schwab U.S. Dividend Equity ETF + +$NOBL - ProShares S&P 500 Dividend Aristocrats ETF + +$VTI - Vanguard Total Stock Market Index Fund ETF Shares + +$SPY - SPDR S&P 500 ETF Trust + +Show Me the Money! + +The first thing i look at when investigating a stock, is its returns. Nothing matters, if the returns are crap. You are only investing to grow your money! + +To compare these all, we will calculate total returns since 2014, which is the year the youngest of the group ($DGRO) started trading.. We will end on JANUARY 27, 2020. Right before the CoronaVirus took its toll on the stock market. The last 10 years have been pretty darn BULLISH, so these are what they did in an awesome market. We Dollar Cost Average from JAN1, 2014. + +**scroll to the right to see more info** + +|SYMBOL |STOCK\_RETURN| DIVIDEND\_RETURN| TOTAL\_RETURN | Expense\_Ratio| +|-------|------------:|----------------:|--------------:|--------------:| +|$VIG | 138.924% | 6.638% | 145.592% | 0.06%| +|$SPY |138.406% | 6.474% | 144.906% | 0.09%| +|$DGRO |136.503% | 7.252% | 143.791% | 0.08% | +|$VTI | 136.866% | 6.369% | 143.258% | 0.03% | +|$SCHD | 131.518% | 9.955% | 141.489% | 0.06%| +|$NOBL | 133.146% | 6.987% | 140.146% | 0.35%| +|$VYM | 123.147% | 10.269% | 133.426% | 0.06%| +|$SPHD | 116.164% | 12.869% | 129.051% |0.30%| + +&#x200B; + +I sorted them from Highest total returns, downward. Did you notice that the dividends paid out are an inverse to their total returns? + +Every dividend investor is different. We want dividends for different purposes. If you are at retirement age or near it, you want high paying dividends to pay your expenses. If you plan on selling at some time, you may want to keep an eye on stock returns. + +$VIG wins out on total returns, but its one of the lowest dividend payers. And i just realized this, but $VIG is on par with $SPY, and even beats out $SPY on Expense Ratio! + +$SPHD, although has returned the lowest in total returns, has given out the highest in dividends. Its probably why lots of people like it. They love the decent dividend checks! If you are trying to squeeze out every cent in dividends, then its $SPHD. The expense ratio is high, compared to the others, which is probably why its stock price hasn't gained much. But you aren't planning to sell it, so who cares. + +$NOBL is probably the worst value on the list. Mediocre all around, with the highest expense ratio. + +$SCHD seems to be the all around winner. Fairly high total returns. Fairly high dividend payouts, and fairly high stock returns, if you ever need to sell. And for those of you, who think expense ratios matter, its one of the lowest at 0.06%. + +Now im curious about $VIG and $SPY. They both have been around for a while. Lets compute from 2006, the year $VIG started trading. (14 years of investing) + +|SYMBOL |STOCK\_RETURN| DIVIDEND\_RETURN| TOTAL\_RETURN | +|-------|------------:|----------------:|--------------:| +|$SPY | 186.508% | 16.540% | 203.118%| +|$VIG | 181.768% | 16.641% | 198.467%| + +$SPY wins on this one. Although $VIG wins out on dividends paid by just a little bit, the stock returns on $SPY are much better. If you are a screamer of Expense Ratios, then pick $VIG..returns are very similar. + +Edit: I just added $VTI - Vanguards Total Stock Market Index ETF. + +Many people like $VTI because of its low 0.03% expense ratio. But if you compare the returns on $VTI vs $VIG, $VIG wins out. Even though $VIG has a larger expense ratio, its stock returns and dividend returns are better! Looking at expense ratio is secondary to its returns. +Some of the stocks around 50 and less , back in Jan 2020, which are at good positions by Dec 2020. + +|Stock|Jan 2020|Jan 2021| +|:-|:-|:-| +|ICLN|\~ 12 $|\~ 28 $| +|ARKK|\~ 50 $|\~ 125 $| +|ARKG|\~35 $|\~ 94 $| +|CRISPR|\~ 55 $|\~ 155 $| +|PTON|\~ 25 $ (in feb)|\~ 150 $| +|BEAM|\~ 25 $ (in feb)|\~ 81 $| +|ENPH|\~ 30 $|\~ 175 $| +|PLUG|\~ 4 $|\~ 33 $| + +&#x200B; + +What do you think are the next 8 stocks which are below 50 $ now which you think have the potential impact of something like the level of the above mentioned. + +Will check in the year end again to reflect on the mentions. + + +**EDIT :** + + +* Would want to know thoughts on EV Charging companies (other than the obvio. one). +* & Cannabis sector suggestions. +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! +In Germany right now, gains from crypto are tax-free if you have had the crypto over a year. If you have had the crypto less than a year, you pay income tax on any realised gains. + +&#x200B; + +I would love to hear how it goes in other countries? +Hi all - someone in passing mentioned earlier today that the Indian market is capable of producing stronger returns in contrast to, say, the US where the returns are more stable. + +I'm yet to verify the accuracy of that statement in all cases, but it got me thinking. Besides the benefits of diversification, what are some clinching reasons why you would decide to invest abroad? + +Thanks! +For long term investors, the crash is a great time to buy. But why are the people who are selling stock today selling them? Don’t they realise this is short term and it will eventually gain again? Are these intra day traders? + +Apologies if this is a stupid question, but I’m still learning about the markets. +I've been interested in crypto from a computer science and math perspective ever since college and I work for a fortune 500 software company but my first interaction with bitcoin was actually incidental back in 2012 when I was trying to purchase some usage on a gaming server and instead of paypal they wanted BTC which along with everyone else I had never even heard of and upon first glance sounded like some kind of scam. Through sheer dumb luck I ended up with BTC sitting in a wallet mainly because it seemed like a royal pain to convert it back to USD and had basically forgotten about it until 2014 when along with the rest of the world I was forced to pay attention. + +The math and distributed algorithm that makes the whole Bitcoin system work is very elegant and I thought of BTC like virtual gold if gold had a predictable mining schedule, no industrial uses, and the ability to be easily exchanged outside the confines of the traditional banking and governmental systems. Even aside from the block size issues, my biggest concern about BTC has always been that it is overwhelmingly used for speculative investment rather than actually being exchanged often for goods and services (With the obvious exception of the dark markets which unquestionably have been the largest actual use of BTC as a currency). + +Ethereum is ALOT harder to get your head around than Bitcoin and the implications of the Ethereum Virtual Machine and Solidity based smart contracts are non-trivial and also not immediately obvious. Having studied and dabbled in the code for some time now, it is my belief that at some point in the future a blockchain based system will necessarily replace certain parts of the economy that currently rely on trusted 3rd parties such as banks, accountants, lawyers, etc. Additionally, a distributed virtual machine has the potential to be much more game changing than any of the current industry standard "cloud" offerings... As obvious as it seems now that the internet and automation would revolutionize the economy, I believe in the future it will seem just as obvious that the blockchain would be every bit as big of a disruptor. + +That being said, there are still numerous technical challenges that need to be solved and the transaction costs for executing code on the EVM need to come down considerably before Ethereum can be considered a viable implementation to fulfill the potential. A successful transition to Proof of Stake can probably mitigate the transaction cost issue and the other challenges also seem solvable but the tough part will always be to not introduce unintended side effects of exploits that could create another DAO situation or worse. + +If you are investing in ETH today , know that the price right now is driven primarily by speculation and there are many ways from getting hacked to an undiscovered exploit to a market panic that your entire investment could disappear before your eyes so only invest what you can afford to lose. + +With that caveat in place: +IF everything falls into place... +IF Ethereum is successful in navigating the ups and downs of the gauntlet to primetime... +IF even a fraction of the current economy transitions to use it rather than the traditional trusted 3rd parties +THEN it is hard to put a reasonable upper limit on where the price of ETH could go in the long run... + +It is certainly a risky investment and will be subject to rampant price fluctuations but because the upper limit is pretty much incalculable if the promise is even partly fulfilled I feel compelled to be a part of it. I converted all my BTC to ETH and I have also been buying more ETH recently which to some probably seems silly since it is not appreciably increasing my position. The way I see it however, after explaining all the risks and to only invest what you can afford to lose, friends and family have been buying in recently and if I truly believe that it is right for them I should and am still excited to buy now with the understanding that it is a very risky investment and I am not liquidating my 401k or other diversified safer investments to do it. + +My advice to anybody starting out, Identify an amount that you can afford to lose, maybe that is $100, $1000, or $10,000 depending on your situation. Don't try to time the market, either put it all in at once or split it up on a schedule, and then make sure you have the mental fortitude to not sell at the inevitable dip or panic and wait many years to see how your investment pays off. It can be helpful to mentally assume that your investment is lost, don't check the price obsessively, and try to follow actual developments in the Ethereum ecosystem more than the rampant speculation and emotional roller coaster of traders who are getting caught up in the short term gambling aspect of things. + +Any money invested in ETH right now is still VERY EARLY money at any price. Most people still haven't heard of it and the technology itself is still in it's infancy. Only time will tell if the promise will be fulfilled or if everything will come crashing down unexpectedly. One prediction I am pretty confident in though is that many years from now this will either have been the absolute best or worst investment you have ever made, there really is not much middle ground... + +Can't wait to see what the future holds! +Hello everyone, + +I'm planning to buy my first rental property. Any advice? +I'm curios on what others are doing to get tenants, or features to make the rental property more appealing, etc, and maybe money saving tips. + +Thank you! :) +This month alone I've saved like $300 just by bringing in my lunch Mon- Thurs. I spend maybe $15 a week on lunch groceries and spend an hour prepping (I just bring in salad, yogurt, and fruit). It's been great for my waistline and budget. Now I wish I could eat more at home for dinner, but it's lonely making food for yourself for one meal. Plus I'm out at least 4 days of the week. +Hi All, + +Getting ready to retire in the next year. My gal and I currently live in a ~1200 SQ FT 3bd/2ba home in a VHCOL area (SF Bay Area). + +We really want privacy and some land so we're looking at some places outside of Sacramento. Our requirements are 5 acres, semi-rural, a house of 2000 SQ FT or so, and a pool. + +We've just started scanning the listings and it's amazing what you can get for $1.5MM. Some of these houses are over 4000 SQ FT. And I think prices are probably going to come down a little over the next couple years. + +Many of these houses already have solar/batteries, are on leased propane, and private wells. + +Something in me thinks it would be great to live in a larger house, being able to have friends and family stay, enjoy all the other amenities like a large kitchen, outdoor kitchen, etc. + +Yet, I know there are cons to a large house: Hard to keep clean, big energy bills, not really using the entire house, etc. + +Would love to get some sage advice from anyone here. Is getting a house twice as large as we really need a mistake? Have you regretted buying a larger house than you needed? +In my opinion the EU and especially Germany (electricity prices are the highest in the world for consumers) are in for a rude awakening for the need of some form of energy production/storage system to cover their base load. +Batteries are not suitable for this task and other forms are highly geographically dependent (Hydropower in Norway for example). +This leaves natural gas and nuclear power on the table. +Green Parties in the north of Europe seem to find a new liking to nuclear power and i think others will follow. +So my question is, what are the best ways to participate in a possible increase in the usage of nuclear power in your opinion? +Say I had invested and saved wisely and could pay off my mortgage 10-15 years early. Should I do it? Or should I continue to invest and hopefully make more? + +Edit: + +$480,000 total mortgage. Only a year in. +2.3% interest on mortgage + +Edit 2: +There appears to be 3 main points: + +1. Paying off your mortgage gives you peace of mind and a security of lower outgoing expenses in the chance your income changes drastically. + +2. Investing in mutual funds, ETFs, other safer funds/securities can return higher than my current 2.3% mortgage rate. + +3. If I own 20% of my home, I can do a Smith Maneuver and get a HELOC (Home Equity Line of Credit) to get the best of both worlds but I am borrowing against my home so it’s riskier. +Hi everyone, I just wanted to caution and stress to everyone the importance of doing your own research and due diligence with investing. There is a person posting (or should I say spamming) all the finance and investing subreddits about a company called Patriot One Technology. He plays naive asking what everyone’s opinion on the company is and then has shill accounts post positive or optimistic comments of the company. My guess is he somehow believes he’ll be able to influence stock price by driving investors to it who heard about it online. + +I created this post because I love this community and the world of investing. There are a lot of people coming here looking to learn and seeking advice from others. I know I’ve learned quite a bit from subreddits like this one. I love a good shitpost every now and then but I don’t like people trying to manipulate and take advantage of those who are inexperienced, gullible, or new to things trying to learn. That crosses a line in my books as corny as that may sound. + +If you look into these posts and the comments at first, a naive or inexperienced person may think this looks like an attractive company full of potential listed at a bargain price. They may see others praising it and decide to put their own money into the company stock themselves. Yet, a little digging would show this poster is spamming all the related subreddits with this company, creating shill accounts to praise it, and even made a YouTube video all in an effort of trying to lure people into this Canadian pennystock that deals with security systems conveniently after the recent string of mass shootings in the US. + +Don’t be fooled and let these people take advantage of you. Greed is a part of life, especially in the world of finance and investing. Do your own research, listen to others advice carefully yet cautiously, take time to learn how markets and companies work, and don’t blindly follow the advice of strangers, especially those online in a forum involving money related matters. + +The mods here do a solid job of keeping this community running and I don’t want this post to discourage discussion of new, small, niche, or exciting companies. If you see anything strange like the poster here, don’t be afraid to call them out or report them to the mods. Let’s keep this subreddit going strong. + +Thanks. +This is very bad move by government.. + +RBI to transfer Rs 1.76 lakh crore surplus to government +The transfer sum comprises of Rs 1.23 lakh crore of surplus for the financial year 2018-19 and Rs 52,637 crore of excess provisions identified under the revised Economic Capital Framework (ECF) that was adopted at the central board meet. +http://www.moneycontrol.com/news/business/rbi-to-transfer-rs-1-76-lakh-crore-surplus-to-government-4373701.html +I've worked in the service industry for close to a decade and moved up to management nearly 6 years ago. From night manager, to assistant general manager, to general manager. I've seen it all, I've done everything in this industry and it has killed me. I finally told my boss this past week that I wanted to get out. It was liberating. No more closing at 3AM, getting home at 3:30AM, asleep by 4:30AM and then back to open at 10AM. No more disrespect from customers. I work for myself. I answer to no one. I can spend time with my girlfriend and family. Finally have the time to pursue passions and hobbies that I've been too burnt out to even think about. This industry truly beats you down until you are nothing but a shell of your former self. + + I have never felt very passionate about any job I've had in the past but after trading for the past year, I feel so drawn to it unlike any other path I've been down in the past. I started with $5k in january and currently have $40k in my trading account. (And that's after taking out the initial $5k investment.) + +It wasn't easy and this past year has been filled with many hair pulling and anxious moments but ultimately I've learned from every bad trade, every sleepless night, and every impulsive, fear filled sell. I've honed in my emotions, become far less anxious with each trade and learned to trust my instincts. + +I found a passion for trading. I love learning the ins and outs of the market and building something for myself from the ground up. Completely self-reliant. I am very lucky that I currently have no debt, a solid safety net of savings, and very little monthly expenses beyond rent and utilities. + +I am extremely excited for the future and can't wait to dive in head first and do this full time. +Why is it that 90-95% of traders fail? If I look up a strategy that people have already back tested, back test it myself, and then execute with proper risk management without letting ego and emotions take control of my trading and eventually tweaking it to increase my edge, then it seems pretty straight forward, am I delusional? I see people taking years and years to achieve consistency, why??? Of course the actual execution and getting results is going to be harder than just talking about it. + +Edit: Thanks for the insightful comments. +The Vanda Global Fund, the world's best performing hedge fund up 300% this year, relies on a model in Excel: + +[outline link](https://outline.com/RZUzA9) + +[bloomberg link](https://www.bloomberg.com/news/articles/2019-12-15/world-s-biggest-hedge-fund-returns-are-found-in-tiny-singapore?srnd=premium-asia) + +"While some quants have supercomputers, his model is built on an Excel spreadsheet that crunches data supplied by a Bloomberg terminal." + +Of course, he could just be a lucky risk-taker. +My fiancé left me (she wanted to see other people) with 2k in credit card debt, I had 20k in student loans (she had 37k) and I had moved 300 miles away from my family to be with her (she wanted to be close to her family). I was destroyed beyond belief as you could imagine. As soon as she left me I focalized my pain and anger in a positive way. I decided to apply to 82 different jobs near my family. I got 3 interviews, I nailed them all but out of instinct I followed with one in particular. I ended up getting the job so I could finally move out of the apartment with all of her stuff giving me harsh daily reminders of a failed engagement. My pay raise was jumping from 50k to 80k!! I lived in that depressing hell box alone for 2 months while she lived with her parents. When I moved I started changing my financial life. She wanted loans for our wedding (before she dumped me) which I hated but thought, I mean it is our big day. I dropped that crappy debt ideology she thought was ‘okay’ and changed my views! Here we are now, in 6 months since starting my new job, I have my own apartment, my credit cards are paid off and I am down to 10k on my student loans, with a 2k rainy day fund, 1k in my HSA, and with a maximum 401k contribution. + +Advice: My advice for you guys and gals, when you hit rock bottom, remember to bounce hard so you can go higher at a faster speed. Focus your negative emotions (anger and sadness) and turn those thoughts and feelings into productivity. You can do this. Also, disassociate yourself from those who put you into financial stress, its unhealthy and stressful, you will be amazed at your potential when you surround yourself with people who root for Financial Freedom. +My situation: + +Because of COVID-19, I decided to work as much as I could this year to save for a 20% mortgage deposit. I am very likely to achieve this and with money to spare. + +The interest rate offered for the top 20% minimum deposit mortgage is 1.44%. Resulting in just £278 monthly payments shared between me and a friend (flat has 2 bedrooms). What a deal, right?! + +HOWEVER... + +On reflection, the top 10% minimum deposits would give me a 2.65% interest rate (£365 a month) and I would have £12K left over that I would've had to pay to make it up to a 20% deposit. + +So that's £87 more per month. Paying that myself over 10 years would cost £10440, or £5220 if I found a flatmate. This is less than the £12K extra already, but if I were to invest the £12K over the same 10 year period (assuming 5% annual compound interest), it's value would be £19.5K. + +In summary: + +10% deposit over 10 years: lose £10.4K (£5.2K if shared) through higher interest payments, gain £19.5K through investment. Overall, I'm either £9.1K or £14.3K better off. + +I should go for the 10% deposit and invest the rest, right? Or am I missing something? +As the title states,I live in New Brunswick & the market is on fire,how? It’s so booming that 94% of homes are getting asking prices or a above, The local agents see more sales now then they did before corona. How is it that Canadians have recording breaking unemployment but are still qualifying for mortgages?,when the future is un foreseeable with Covid-19,How are banking institutions lending money when the persons borrowing the loans work place has a higher chance of going bankrupt/ implementing layoffs more so then ever ? Does lending practices during these times expose Canada’s housing market to extreme volatility? +I would ask all you crazy Apes to take a minute and reflect on the week we just went through together. + +Shills +Misinformation campaigns +HF BS +WOLVES in apes clothing attacking our new Apes family + +And the price HELD + +IT FUCKING HELD. + +For anyone that was concerned or had a bit of doubt this week about our collective will .... worry no more. We just went through a week of gut checks and faith in each other in sooooo many ways and we HELD + +This is the first time I genuinely felt like my family, you all included, are going to do this together. We are going to HODL because we like the stock. + +If you start to doubt us, please remember this week. We didn't waiver and neither did the stock. + +You can trust us Apes. We unknowing just demonstrated that we can trust each other. + +Remember that fellow Ape. + +Remember that we held together during this extremely volatile week with attacks on all aspects of this sub . + +And we held. + +This is the first week we all actually met each other and locked arms. + +And we held. + +I've got your back because you just showed me you have mine. I suspected you always did. But now I know you will. + +See you on the moon and it was an absolute pleasure to meet you. + +Edit #1 Holy crap, thanks for the awards but I would like to clear something up. When using the word "we" it was in respects to my wife and I ofc. + +We love the stock. + +Smooth brained ape just really feeling good that we, J and I, held in spite of the BS. + +God I love her more. ❤ +Anyone here been looking for a used car and found the market absolutely insane? Like cars going for 30%+ more than what they'd usually fetch? Specifically used 4wds. + +I've got an old landcruiser troopy and I reckon I could easily sell it for double what I paid for it. +[This article](https://www.annettahome.com/housing-news/examining-the-foundation-whats-causing-the-rise-in-home-prices) delves into the factors driving home price increases. According to [the article](https://www.annettahome.com/housing-news/examining-the-foundation-whats-causing-the-rise-in-home-prices), they are: + +1. Limited supply +2. Increased input costs +3. Increased demand + +It's worth a read, but there are a few things I think they missed: + +1. Supply chain factors impacting the supply side +2. Costs other than lumber, for ex: copper +3. Impact of increased institutional buying + +&#x200B; + +My points 1 and 2 I think are at risk of normalizing soon which should put some pressure on home prices. What other factors should be considered when trying to assess the next move in housing prices? + +Is systematic leverage as high as it was in '08? +I have never posted here before with a buy or sell recommendation except for today to warn all of you about jumping into WISE. Yes the dip looks appealing but as with most things there's a reason it's tanking. + +1. WISE co-founder dumped most of his shares. + +2. No moat and many potential competitors like PayPal, Square and even Visa themselves. + +3. Facebooks Novi çrypto wallet poses the biggest threat. Partnered with Coinbase they have a customer base of some 3billion users, all with no fees using the pax pegged dollar. + +Yes there is still a market for WISE but there's an even bigger market for zero fee transfer of money and there's no shortage of competitors. I'm saying it right now WISE is a lost cause and sure it may go up tomorrow and I'll look like an idiot but long term its going to cause you a lot of pain I suspect. + +Maybe trade around the stock if that's your thing but if you're thinking long term please consider putting your money elsewhere. This is my personal opinion and whether I'm right or wrong this isn't financial advice. +I would like to share my story. I want people to know you don't need to be a "tech bro," or have a $100k/yr salary to start the journey to FIRE. I am a 24 y/o woman who came from almost nothing, and I am setting myself up for greatness. + + +I didn't have the best home life growing up. I grew up in an impoverished area where 80% of people have no education beyond high school, my family included. A child of divorce. I have parents whose bodies broke down at a pretty young age. The works. I took some community college classes at 15. I moved out for university at 17 with some scholarships and lots of different jobs to keep me afloat. + + +At 20, I dropped out of university without a solid plan. I hated my major. I hated my research. I also struggled with a lot of health problems, including a brief period of (oral) chemotherapy. I rotated a bunch of little jobs and ran a small ebay business to pay bills. I eventually got into another school for a 3+1 program, but I had to wait until the next school year. + + +At 21, I was doing full-time unpaid clinical rotations and for a brief point, did not have a roof over my head. I slept in my car, crashed on couches, and relied almost exclusively on expired food from the sweets/bread truck from a guy at my site who drove bread trucks as a second job. The program before the rotation was HARD, but less impactful. + + + +I obtained a STEM degree on my 22nd birthday (yay!) with a -$28k NW. I quickly got my certification and started a career in healthcare with a pretty average salary, but almost unlimited potential for more money to be made. I work exclusively nights, weekends, and holidays. I have above average exposure to COVID-19. The job satisfaction is unreal- I can save lives without people ever knowing my name. The rock-solid job security doesn't hurt either. + + +At 22, I lived in an 80 sq foot room in a place with 5 loud roommates, 3 dogs, and a bird who lived on dayshift schedules. My sleep schedule was a wreck. However, I made it a goal of mine to not leave this place until I paid off every penny of my student loans and landlord, who was kind enough to waive my security deposit and provide basic furniture (she wasn't great in other aspects, however). I deprived myself of a lot, but I was able to pay off government loans before the end of the grace period and knocked out personal loans soon after. In addition, I created a rock solid emergency fund. Lastly, I contributed to the employer match in my 403b. + + + +23 is boring. I started to contribute more to my 403(b), a teeny pension (I was an adjunct for a semester), and developed a Roth IRA. I got a place of my own to rent close to work. Same thing at 24, but Im trying to max my accounts out. After the market going up and down due to current events, I can say with confidence that my retirement funds reached and stayed at $50k. I could not be more proud. + + + +Here are some stats. + +Career: Medical Laboratory Scientist + +Location: Northeast, HCOL area + +Base hourly (Fixed): $26.70/hr now, was $26.18/hr from Jan-Oct 2020 + +Bonuses/Differentials/Overtime (Variable): $20k-$30k/yr- differentials are the majority of this + +Income from adjunct (2020 only): $1,920 + +Roth IRA, pension, and 403b as of 11/11/2020: $53,630.74 + +Additional things of value: I own my vehicle and have 6 months of living expenses in my emergency fund- about $18.5k total (using the KBB trade-in value to estimate the worth of my car) + +Debt: $0 + +Expenses: $2.5k-$3k a month. This includes fixed expenses, variable expenses, and saving for my Roth IRA. + +After tax savings rate is ~45% for 2020. Im not sure how much that raise will change this number. + +FIRE goals: $70k/yr at 3.5%. Healthcare is expensive and I dont want to burden people with my long-term illnesses. I would love to transition to coastFIRE sometime in my 30s and let compound interest take over, if possible. + +My future goals include: following my passion for art, mentoring young females in my family, finding a good life partner, having an easier work schedule, and FI + + +I am thankful for the gifts of resiliency, discipline, and education. These strengths got me to where I am today. I hope building up these strengths, or your own strengths, get you to the greatness you deserve. + +EDIT 11/11/20 1300: Thanks so much for the kind words and awards! I would love to reply to each and every one of you, but I need to sleep for work (I forget if these posts get flagged/removed if OP abandons the post.) I will read comments when I can. +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 (23m) graduated school with a healthcare related degree this past summer and got hired in august. The position I got hired in had a $20,000 sign on bonus (taxed). Half (10g) gets disbursed at 4 months post hire (December) and the other half 1 year (august). +Debt: as of today 10/22/21 + Credit Cards + Amazon $3800 + Wells Fargo $2500 + Student Loans $12,032 +I make about $3600/month after taxes/benefits. Next month that’ll go up it’s a union job so everyone in that union gets a 2% increase in pay come November. When January/February come I will be switching to night shift work where I will get 12% differential, I’ll be off orientation and be able to work for OT. +My question is what should I do with that first 10g my gut instinct is to wipe away my credit card debt but should I instead invest it? Or hold on to it? I try to pay off a good chunk of CC debt every month. What would you do? +**EDIT: Fixed the link to the Apex Merger Document. Sorry guys!** + +(Had to make a new post due to formatting issues and needing to add info.) + +Bear with me please, this is my first post in here, and I’m no expert. Just a lurker like many of you, who like the stock. 🦍💎🤲 + +[6/9/2021](https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=GME&amp;storyid=202106091804RTRSNEWSCOMBINED_FWN2NR13C_1&amp;provider=RTRSNEWS&amp;product=COMBINED&amp;sb=1)- *“May 26th, 2021 GameStop received request from SEC for voluntary documents and information regarding SEC investigation..into trading activity in securities and securities in other companies..GameStop intends to cooperate fully with SEC staff.”* + +This was included when the earnings were disclosed yesterday. + +Also, disclosed with the [Apex and Norther Star merger document](https://www.sec.gov/Archives/edgar/data/0001834518/000119312521183297/d121216ds4a.htm) released June 4th, was that there is an active lawsuit against apex and about 30 other companies. + +**Lawsuit info is on page 186. Part of it reads:** *“Plaintiffs allege that Apex, along with over 30 other brokerages, trading firms and/or clearing firms, including Morgan Stanley, ETrade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, Citadel and DTCC engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily hedge funds, to stop losing money on short sale positions in GameStop, AMC and certain other securities”* + +I’m sure the lawsuit isn’t surprising, but still, thought this was all informative, and it might help some other apes with more wrinkles with future DD. + +Credit to u/Jackbauer13579 for bringing the info revealed in the Apex merger document to my attention. + +**TLDR:** GameStop released info about SEC investigation. Possibly connected with lawsuit revealed in Apex / Northern Star merger document. +Can someone explain the thinking process behind investing in a stock? +Where do you start? What tools / sites / apps do you use for research? +How much time does it require on average? + + +I'm just starting, very curious to learn how more experienced folks do it. +https://imgur.com/a/dhvnysH + +Using Owner Earnings = Operating CF - Depreciation - SBC. + +I assume Depreciation is representative of maintenance CapEx. + +MSFT FY23Q1 earnings transcript outlook gives me a weighted average of 11% revenue growth. Morningstar analyst had 10% revenue growth over 5 years in their model. I’m assuming owner earnings is growing at comparable pace as revenue. + +With a starting point Owner Earnings of 65B today, I get an intrinsic value of 1.33T for Microsoft with my projected growth rate over 5 years. I think they will hit the size problem with growth. + +Constructive feedback welcome. Thanks. +Normally I enjoy heaping shit on hotcopperites, but I truly feel sorry for this rekt cunt and all the others who are likely hodling them bhags for a while (FYI, Feb was the ATH). + +Also, we need an 'F to pay respects' flair or something + +https://preview.redd.it/1v9j6kf1vw581.png?width=763&format=png&auto=webp&s=09cb02727602e945edd0c1170ef8ae082523db2a +Normally I enjoy heaping shit on hotcopperites, but I truly feel sorry for this rekt cunt and all the others who are likely hodling them bhags for a while (FYI, Feb was the ATH). + +Also, we need an 'F to pay respects' flair or something + +https://preview.redd.it/1v9j6kf1vw581.png?width=763&format=png&auto=webp&s=09cb02727602e945edd0c1170ef8ae082523db2a +You're exposing some deep deep shit. Please stay safe brother . The elite don't like dirt uncovered. + +Other people that have uncovered information in the past have been at great risk of loosing their life or have gone "missing" + +Please please stay safe. Take great security measures now. + +Thank you for everything you do . +Much love from a fellow ape ✊🦍👐💎👐💎👐💎 + +*Edit* this was not meant to spread any fud . It definitely got more traction than expected and was just trying to be appreciative and show some care. +I actually did a little digging into these Chinese companies earlier today and finally had a little time to put a post together. **I know this isn't necessarily about $GME or GameStop outside of the fact that we know there are people with a lot of money on the other side of a very bad bet (for them). This is a dive into the macroeconomic environment $GME operates in.** + +I haven't seen much about the [ICIJ Offshore Leaks Database](https://offshoreleaks.icij.org/) since it was first dropped and feel like it has a lot of value, especially after seeing these Chinese shell companies popping up recently. + +We've all seen and heard about the Chinese stocks that have been popping up recently in the form of IPOs. HKD, MEGL, GSUN, TOP, ILAG, etc. Today gave us another one. + +&#x200B; + +https://preview.redd.it/iprt04fok5l91.jpg?width=292&format=pjpg&auto=webp&s=8f68135737cfc20cfff8a8d7466de224dd6a79d2 + +ATXG back in 2019 had a 12 month revenue of 10 million dollars. It’s stock currently has a 17 billion market cap valuation, with a company backed by 10m in YEARLY revenue. What’s their revenue now? [12 million dollars.](https://www.wsj.com/market-data/quotes/US/ATXG?mod=md_home_movers_quote) + +The underwriters are given shares of these companies that they can sell (or use as collateral). + +We know for certain who one of these underwriters is - none other than Anthony Chukumba. + +https://preview.redd.it/imqq72lql5l91.png?width=916&format=png&auto=webp&s=84fa1d08c62de4066499ef98d64e3bf14b4e09b3 + +[A lot of these companies pop up through Network 1 Financial Securities, including the most recent one from today - ATXG.](https://www.iposcoop.com/ipos-recently-filed/) + +https://preview.redd.it/c62lr8rxr5l91.jpg?width=1634&format=pjpg&auto=webp&s=eb925954c3afb0d812ba0b9614d3e786a3d648a8 + +[WOULDN'T YOU KNOW Network 1 Financial Securities is tied to ICIJ’s Paradise papers.](https://offshoreleaks.icij.org/nodes/80106176) + +Shut your damn mouth Massive. I’m sure these companies are legitimate companies, incorporated in legit jurisdictions that have nothing to do with tax havens, right? Thanks for asking. They can be incorporated in the Cayman Islands - and quite a few of them are. + +https://preview.redd.it/us8bvcyam5l91.png?width=1140&format=png&auto=webp&s=c9617f6d441200a6996ee664bd2d3ff63132eed2 + +[https://sec.report/Ticker/GSUN](https://sec.report/Ticker/GSUN) + +Why would they want to be incorporated in the cayman islands? + +https://preview.redd.it/umh6cex6n5l91.jpg?width=795&format=pjpg&auto=webp&s=316da5b9825106a76b1f0d3d2fa410581343dd32 + +If you know anything about kreepto, you know market cap means shit without a liquidity pool backing it - one coin could have a market cap of 200 billion, but if there were a bank run on that coin you’d be lucky to get 5% of that market cap out. + +========================== + +Where am I going with this? These companies are being used as collateral, with absolutely nothing backing them asset wise, to prop up the stock market valuations until they no longer can. What happens when this massive collateral debt bubble pops? I think we’re soon to find out. + +You wanna know why the dotcom bust happened? The 08 financial crisis happened, and whatever the hell is happening now, is happening? I think we found our answer - and I’d be willing to bet by the time this current iteration of debt implosion is done, these companies will be defunct. + +========================= + +A) shitty companies pop up out of nowhere. + +B) Those companies are incorporated in known tax havens, under tax haven umbrellas exempting the companies from paying taxes and providing transparent financials. + +C) IPO underwriters get immediate shares upon listing. Insiders, institutions buy shares from each other, jacking up the price of said shares to astronomical values. Congratulations, you just created a ton of collateral value. + +D) retail dives in, buys a "share" - in comes beneficial ownership. You buy an IOU. It's guaranteed to be an IOU. Not only are you buying an IOU, YOU'RE BUYING AN IOU IN A SHELL COMPANY WITH NEGLIGIBLE INTRINSIC VALUE. If retail doesn't buy shares? It's ok, theres still collateral value attached to those shares. + +E) Fake money/collateral value was just turned real by your purchase with real money. Money is washed through the tax havens, Retail legitimizes the market cap, since market cap of a company (thus collateral value of said company) is number of shares x last price paid for the share. + +&#x200B; + +[Welcome to the past 2 months](https://preview.redd.it/rrnemsg5s5l91.jpg?width=612&format=pjpg&auto=webp&s=91741da93520fd1cade7adada8ed547152009804) + +Edit: [Evidence of shady business practices through underwriters found in comments](https://www.reddit.com/r/Superstonk/comments/x2vzcl/comment/imnd8bw/?utm_source=share&utm_medium=web2x&context=3) + +TLDR; 17 BILLION dollars worth of collateral value, with 12 million dollars worth of YEARLY revenue backing it from only one stock. This is collateral being used to take out more loans to cover up bad debts. Extrapolate that out over the entire US equities market and we get the dot com bust, the 08 financial crisis, and whatever the hell is happening right now with each debt implosion more severe than the last one. +Hi all, a few weeks ago I made a post listing all the top 50 coins by category. + +I have added all that information into an infographic, as well as adding new coins, new categories and making some changes based on your feedback. + +I hope you find it useful. + +Edit: Due to popular demand I have added Moons (MOON) + +**Edit 3: Version 2.0 is below. Thanks for everyone's feedback.** + +Changes: + +1. Certain coins are easier to see +2. Some categories moved for less confusion, e.g. privacy coins are now under currency along with stablecoins. +3. Icons have been added for ERC20, BEP2/BEP20, and Forks +4. Some descriptions changed slightly for accuracies +5. Some typos fixed (e.g. USDC instead of CSDC) +6. Stellar moved out of the distributed computing category as it doens't offer an on-chain programming language or on-chain smart contracts, it now bridges the currency and finance categories. + +&#x200B; + +https://preview.redd.it/ldgh69f4ioc71.png?width=1690&format=png&auto=webp&s=61f1cf41a1f8d9f912507a5c3971e4434189a21e + +&#x200B; + +Edit2: Thanks for all the fantastic feedback and awards. I'm working on a version 2 which will address some of the issues people have had. + +1. Certain coins hard to find/unclear +2. I didn't intend for privacy coins to look like it was a subset of store of value, however it looks like people are interpreting it that way. I am going to move it under currency and change a few things round so similar categories are grouped together. +3. Thinking of adding icons next to coins indicating additional properties of that coin, e.g. ERC20 token, BSC20 token, Fork of bitcoin +4. Description of DeFi section is off, because some of the projects are centralised, so am changing it to just 'financial services' +5. Various small typos/capital letter inconsistencies. +6. Changing Stellar/XLM to just currency, and possibly make it part of the DeFi group, as the smart contracts are not executed on chain, and so it can't really be considered distributed computing. + +https://preview.redd.it/0e63xzwctjc71.png?width=1723&format=png&auto=webp&s=12514060a09a160f1eb12d40436c0020e6018ffe +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 5-15’ of snow per year at our house and 40’ 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 I’ve raced down the mountain with her shouting “faster skis faster”! + +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 it’s -10*, isn’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 children’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, it’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 they’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 that’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 reading the recent discussion about [the real cost of kids](https://www.reddit.com/r/UKPersonalFinance/comments/vvw9zm/what_is_the_real_cost_of_kids/?utm_source=share&utm_medium=web2x&context=3), and a lot of people were talking about child care costs. This reminded me about how little is known about the support available from my own experience. + +When I had my first child I asked my work about child care vouchers they advertised as an employee perk, but they told me they no longer did them and just left it at that. After a bit of research I found the voucher scheme was replaced with the [tax-free child care scheme](https://www.gov.uk/tax-free-childcare): + +*"You can get up to £500 every 3 months (up to £2,000 a year) for each of your children to help with the costs of childcare. This goes up to £1,000 every 3 months if a child is disabled (up to £4,000 a year."* + +I asked all my friends with children and a few people I work with, and no-one had heard of the scheme. My nursery also didn't tell me about it, and the process I needed to go through to set it up with them suggests not many parents use it. I now tell every parent I speak with, and most have not heard of it. + +We only use child care twice a week, but the scheme helps us save £1000 per year. The website is really simple to use; you just set up an account, pay into it and the Government will automatically top it up 20% (within the limits). You then pay your child care provider through the website, and you can even set up regular payments. + +Maybe this info isn't news to people here, but if it saves someone 20% of their child care fees then it's worth sharing. +I'm seeing a lot of posts today about buying the dip and how today is different than 2018 because of increased adoption and more advanced tech, mainly in L1s. I hate to break it to you, but none of that matters. Have a look at this: + +https://preview.redd.it/y9221orvlhd81.jpg?width=2786&format=pjpg&auto=webp&s=e6877e80aa8975d8c8aa86f82c5f9972fc6222dc + +**EDIT: The chart cuts off at 2016...which is apparently making some people think there was a bear market sometime after 2016. Let's have a look:** + +https://preview.redd.it/0us34zsk3jd81.png?width=2108&format=png&auto=webp&s=79de6ff34018315c748a2e743caef0ca3b277c65 + +**There was no bear market. There was a relatively small crash in 2020 as everyone panicked over Covid. That's not a bear market. This picture also shows you that it's even worse, the market has been absolutely parabolic for almost 2 years.** + +That's the S&P 500 index. Notice something? Every ten years or so there's a severe downward correction which lasts 1-2 years. In the early 2000s it was the tech bubble, in 2008/9 it was the mortgage crisis. As you can see here, we've been in a sharp uptrend for over 10 years now. This uptrend has been fueled not in small part by record low interest rates. This is turn has resulted in parts of the market being hopelessly overvalued, a prime example being Tesla. + +Now look at the crypto charts, specifically the top 50 alts. Most of them have had absolutely face melting pumps over the last 18 months. Do you think that's just going to keep going up? Their valuations are now so ridiculous that 'crypto market caps' are basically a meme, completely detached from reality. Of course market caps are hardly ever a true reflection of what company is worth, but they are a reflection of the amount of speculation in the current market. Just to look at a few: + +Cardano MC $36 billion, doesn't have fully functional smart contracts, lots of promises while continually underdelivering, if at all. + +Solana: MC $30 billion, has been unusable for the last 48 hours, has suffered multiple outages over the last 6 months which lasted up to 17 hours. + +Dogecoin: $18 billion MC....don't think I need to go into more detail on this one. + +Ethereum: $288 billion market cap, supposed to disrupt the global banking industry (along with everything else), meanwhile it costs $200 for a simple ERC20 token swap. + +BTC: $665 billion market cap, supposed to be the future of digital store of value, meanwhile, has lost more than 50% in value over the course of 2.5 months. + +etc.... + +The point is that these market caps aren't a reflection of the current states of those projects, but rather their promised states at some future point in time. Unless that point in time is very close as in a few months away, that's not sustainable. I personally don't think that point in time is very close, as almost nothing in crypto currency works as advertised. + +**What would a multi year global bear market mean for crypto?** + +\- BTC bleeds more than stock market + +\- ETH bleeds more than BTC + +\- Alts will bleed even heavier than ETH and a good number will never recover. You have to remember something very basic here: if an alt your holding loses 90% of its value in the bear market, it has to pull a 10X just to get back to its previous price. + +**Further complication:** + +DCAing into projects is obviously the way to go in a bear market, but it becomes more difficult to predict what projects will have merit the longer the bear market continues. Will your favourite project still be relevant in 2024 or will it be replaced by something that hasn't even launched and won't until 2023? The longer the bear market lasts, the more likely that outcome becomes. Do lots of research, try to keep up with the tech developments in crypto. The next Solana or Luna is probably being planned as I write this. Try to find it. +*disclaimer: This sheet has no script, no hidden cells, no hidden formula.* + +Quicken user for 20+ yrs. 2 months ago, my 2016 Quicken was expiring and I decided to develop a spreadsheet to replace Quicken. My sheet has been working great for 2 months so I've decided to share with the public. Obviously, I had to remove my personal data. And I also removed several complex functions so that anyone can understand the core formulas and modify to suit their needs. + +**Link to bare bone version:** + +https://docs.google.com/spreadsheets/d/1rt14NzYB3OcZ2jLqnJAp3YkhV7R25ipjjkQiyVVmBfs + +This basic version has 5 tabs: + +1. NET WORTH (or account balances) +months in rows, accounts in columns + +2. INCOME EXPENSE +months in rows, categories in columns + +3. PORTFOLIO (# of shares, prices) +months in rows, securities in columns + +4. Data1 (for entering bank/CC/loan transactions) +columns: account, date, payee, category, amount + +5. Data2 (for entering investment transactions) +columns: account, date, type, symbol, price, shares, $ amount + +**How it works:** + +Enter bank/CC/loan transaction data into "Data1" and investment transactions into "Data2". (This copy has a fictional example for demonstration. See #16 below to semi-automate data entry.) + + +Then the Google sheet auto-updates the 1st 3 report tabs + +"INCOME EXPENSE": Pivot Table calculating how much you spent on each category, each month +"PORTFOLIO": =sumifs(shares, security, date) calculates how many shares you own at any given month. Then =googlefinance() pulls historical end of month security prices. Multiplied by # of shares to calculate the value for each security, each month +"NET WORTH" =sumifs(amount, account, date) calculates end of month balances for every account + +**Additional functions/features** (You may add the following to this basic version. I'm not willing to share my full version with these features because of privacy. But I'm willing to explain how to add these features below. Just ask.): + +1. "Dashboard" tab to display the current account balances, line/bar/pie charts for portfolio value/spending/asset allocation (similar to Quicken homepage) +2. Double clicking a cell in Pivot Chart creates a new tab displaying only the corresponding transactions +3. "Running balance" for account reconciliation +4. Use "filter" in pivot table to exclude unwanted categories such as "Transfer" in spending report +5. Accrual-basis accounting (vs cash-basis). For example, tax refund received on 4/15/2019 should be recognized as for year 2018 (not 2019). +6. Expensing a large item purchase (eg. car, property tax) over time (vs lumpsum expense) +7. Split transaction (eg. mortgage pmt = interest expense + principal pmt) +8. Recognize gross income (vs net income) +9. Dividend/capital gains income +10. Cost-basis, unrealized capital gains, dollar-weighted return +11. Asset allocation (eg. Stock vs Bond %) +12. Data validation (selecting field from a list) +13. =importrange() (useful if your data becomes too large) +14. =iferror() (to hide #N/A results) +15. Excel doesn't support =googlefinance() to pull historical prices. As of now, Excel can only pull current information instead. This will not help with calculating the portfolio value as of 3/31/2019. To use Excel, consider using the last recorded price or a 3rd party add-in. +16. Download transaction CSV files from websites and copy/paste data (vs hand entry). If you are willing to share passwords, consider mint, tillerhq to import data. +17. Learn how to convert QIF to CSV, if you are migrating from Quicken +18. Sort transactions in descending vs ascending date order +19. Conditional formatting based on account name in Data tabs +20. Use "Define named range". For example, use "dates" instead of "Data1!$B:$B" in commands. Easier to refer and debug. +21. Use Google Form to enter transaction data at point of purchase. + +Let me know if you want to know more about these with examples. + +**update1**: There are no hidden commands. To be transparent, I removed blank rows/columns and conditional formatting. Also use Ctrl + ` keys to see all the commands. Just add more rows/columns, as needed. + +**update2**: Some requested an XLS version. Today, I attempted XLS version from scratch but faced 2 setbacks: +1. Excel doesn't have a built-in command to pull "historical" stock prices, which is needed to calculate the portfolio values for a given date. Possible solutions: a) use Google Sheet to collect price data and copy paste manually. b) use 3rd party add-in or VB. +2. Excel doesn't automatically update Pivot Table. After entering new data, one must manually "refresh" the table. https://support.office.com/en-us/article/refresh-pivottable-data-6d24cece-a038-468a-8176-8b6568ca9be2 To automate this, one can use macro, which comes with its own risk. + +**update3 (7/9/2019)** Added a Net Worth chart at the request from https://old.reddit.com/r/financialindependence/comments/cb0gyt/graphing_net_worth_investments_contributions/ +My brother is going through a tumultuous divorce. He makes about $1800 a week and gives his ex $1200 a week. They had a marital car together which ended up getting repossessed bc she didn't make payments for 6 months. My brother just got a DUI and totaled his car. He is a longshoreman and able to get a loan through his credit union only with a cosigner so he asked me. I don't think he would ever intentionally not pay back the loan but I don't feel comfortable doing this. My mother is looking at me like I'm a bad guy bc I just told her no. My question is do credit unions take the payment right out of your check? +Going into 2022 everyone and their mother is talking about how we’ll have a sizeable dip because rates are going to rise. Now I’m of the camp that when everyone KNOWS something is going to happen, it never will. But I’m curious about post-2008, was the thought process of people: “capitalism is dead, markets are going to crash again after they raise rates”? I’m in my mid twenties so I remember 2008 but I wasn’t exactly investing in index funds and reading the journal. +We all do mistakes, so i do not blame anyone for my LIC money back plan started 3 years back. + +Plan details:- + + Name :- New money back plan 820. + Sum Assured :- 500000. + HLY Premium :- 18580. + Commencing date :- 21-10-2018. + Duration :- 20 years. + Maturity date :- 21-10-2038. + +Till now i have paid 5 installments of rupees 18580/-, Total amount paid = 92900 + +My surrender value will be 30 % of (total amount paid - first year premium) + 16% of (vested bonus).which is = 16722 + 5760 = 22482. + +I want to analyze and decide what is best ? weather to surrender the LIC plan ? or continue, so i have calculated the total returns that i can get on maturity date 21-10-2038. + +If i continue the LIC: + +Plan is something like this, i need to pay 37160 premium yearly for first 15 years and policy matures on 20th year. I will get 20% of Sum assured every 5 year 3 times and rest on maturity, so + + on oct 2023 - 1L + on oct 2028 - 1L + on oct 2033 - 1L + on oct 3028 - 6L (Maturity and bonus) + ---------------- + total - 9L + +If i invest those 1L payout then it will account for 8.37L by the time of maturity. + + 1L lumpsum for rest 15 years with 10% returns = 417000 + 1L lumpsum for rest 10 years with 10% returns = 259000 + 1L lumpsum for rest 5 years with 10% returns = 161000 + +So i will get 8.37L + 6L maturity bonus i,e 14.37L including total amount paid 18580 \* 2 \* 15 = 5.5L. + +If i surrender now and start sip of premium amount then:- + +* 22K lumpsum of surrender value for next 17 years with 10% returns = 1.1L. +* Then 3100 re sip for next 12 years :- 8.64L (only 12 years, same as LIC premium) +* 8.64L lumpsum for next 5 years with 10% returns will be 13.9L. + +so my total amount will be 1.1L + 13.9L = 15L. + +not much difference i can foresee, i could be wrong especially considering 10% returns always. how do you guys calculate these stuff ? + +PS: i will take term plan soon, so treating this LIC policy as pure investment and trying to correct it. + + +Edit: + +Thanks to u/shezadaa + +I calculated XIRR for both the case, (10% market returns) + +1. continue LIC and invest in-between payout :- XIRR of 9.65% +2. surrender now and invest rest/all in market :- XIRR of 10.49% + +this 0.85% diff is what 60K that i got above. + +putting 1L in-between payout to market is what contributing more in case 1. + +Excel link:- [https://www.dropbox.com/s/cs4fdzas1357oek/LIC\_surr\_or\_not\_xirr.xlsx?dl=0](https://www.dropbox.com/s/cs4fdzas1357oek/LIC_surr_or_not_xirr.xlsx?dl=0) +Tell someone who hates their job or who is struggling with money that they can live off unlimited borscht in Siberia on 85 kopeks per day and they'll start packing their bags before bothering to find out that they hate beet soup or that there's no Bed, Bath & Beyond in Irkutsk. + +It's honestly pretty crazy - but you see it all the time. + +There are tons of folks who don't have a passport but are all-in on moving to Cambodia or the Philippines the moment their portfolio can generate $500/month. It's such a poorly thought-out plan that it borders on delusion. + +(Cuz I heard you can live like a king over there on that - which you can't but that's a different rant.) + +Short and sweet - if your primary motivation for moving overseas is to stretch your money, it's very likely that you're going to hate it. + +That's not to say the financial benefits aren't real. Of course they're real. Exaggerated by disingenuous and/or pseudo-homeless bloggers - but real. + +The thing is, though, cheap rent, food and drink isn't really enough to satisfy your soul for a lifetime. + +To make the expat lifestyle work, you've got to love it for reasons other than 3/$1 tacos. + +So here's my simple test: + +Close your eyes and imagine that you've just won $10M in the lottery. + +Now that the world is your oyster. Where would you want to move to? + +If your answer is in your home country, then it's probable that you don't possess the innate adventurous spirit that should be driving the wheel instead of your balance sheet. + +If your answer IS in a foreign land, though, and you'd totally be on board with emigrating when money no longer comes into the equation, then digging deeper into the concept of retiring overseas is worth your while. Sure, sans lottery winnings you may have to shift gears from Monaco to Moldova but at least you're on the right track. + +\* The one exception is people on a very low fixed income and no real option to earn more - but this doesn't really apply to this community. In this case people may be happier to move out of poverty and into comfort even if their true preference would be to stay put and have an extra grand coming in each month. + +EDIT: I think that most people are understanding this but just a quick edit here. I am NOT suggesting that this simple test is sufficient to determine whether or not you are suited to move overseas. Clearly such a huge decision will need to be analyzed from many angles. It's more a roundabout way to get you thinking, "Do I really want to live overseas or am I creating a false fantasy because it's so cheap?" I am mostly directing this notion at those who ONLY became interested in moving abroad when they learned about the potential cost savings. I also see, in retrospect, the fallacy in the test in that $10M would create a hypothetical beyond the bounds of reality. I agree that this test is imperfect but I didn't intend for it to be taken literally, per se. +Okung asked for half of his $13 million contract for 2020 to be paid in Bitcoin, and the Carolina Panthers were able to make it happen. Here’s some quotes from the article. Sauce at the bottom. + +“If we are looking at where Bitcoin is at now, Okung could be considered one of the highest salaried NFL players at this moment.” + +“For instance, when BTC hit $44k, the half of his contract that is paid in BTC climbed to $10.59 million, at $56k+ his half turned into more than his entire quoted salary. As far as 2020 NFL salary stats are concerned, Okung has entered the top five position. However, the NFL has recently decided to cap the league’s salaries at $180 million and a ball player’s contract could change in 2021. Because the Carolina Panthers’ offensive tackle (OT) gets half of his salary in BTC, many proponents think of him as the highest-paid player in the NFL and not just ahead of the highest-paid OTs.” + +“Money is more than currency; it’s power,” said Okung in a statement. ���The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.” + +“Okung went further into that statement adding: ‘When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen.” + +[Sauce](https://www.nbcsports.com/northwest/seahawks/former-seattle-seahawk-russell-okung-puts-half-salary-bitcoin-considered-highest) + +Now that the NBA has a NFT and a blockchain advisory committee, I wanted to remind everyone that this happened. These are two very big organizations that are getting on board with crypto. We’re getting closer to mass adoption! +Hi all, +Im looking to create a system them keeps income and some growth for a few generations. (2, then it gets foggy) +I have received $250k plus I’ll have about $600k equity in my home if I were to sell. +My kids go to college in 5-8 years. +I was thinking a 50/50 split in JEPI/JEPQ with 50% drip and 50% passive income. +What are your takes on this. I am not from wealth and my parents and I have worked quite hard to get here. I’m looking to make life easier on at least the next two generations of me! +I'm going to type this, nobody will probably read it but I want to explain why I'm here. I just got my privilege to post and comment TODAY!! So I'm happy about that and I'm putting it to use. I joined back in Jan, followed the GME train and bought in at the high $200's, I have a few shares, averaging $180. So I'm not a high stakes roller like most of us here but *this is the point...* + +I feel like for the first time in my 41 years, a part of something big, positive and united! The chance I have to do my small part, and join something BIG, something people will be talking about for generations I'm sure, has given me a sense of pride and happiness. So really, the money isn't the point for me, but helping all of us to expose the rich bastards who profit off of failing companies, stealing from the poor, with no conscience, is the real reason I'm here. GREAT if we eventually all profit, but I feel important, and money can't buy that. I'm framing this post if I get an award, means more to me than money y'all. + +So keep hodl ing...keep fighting, keep buying the stinky stonks, DON'T JUMP THE ROCKET and be proud of who we have become. + +APESTONK PROUD!! + +&#x200B; + +EDIT!: + +HOLY CRAP YOU GUYS!! THANK YOU SO MUCH!!! As promised, framed for life!! + +[HAPPY APE!](https://preview.redd.it/mkb87jqfarr61.jpg?width=1280&format=pjpg&auto=webp&s=c70af5eca8e320d73b7735773facf10ad28dd3fe) +https://www.cnbc.com/2020/07/14/moderna-says-its-coronavirus-vaccine-trial-produced-robust-immune-response-in-all-patients.html + +Great news for Moderna holders, the market at large, and the public in general! + + In the trial, each participant received a 25, 100 or 250 microgram dose, with 15 people in each dose group. Participants received two doses of the potential vaccine. + +ALL GROUPS SHOWED INCREASED IN ANTIBODIES. + +Phase 3 of testing is starting later this month. It's nice to have a very promising vaccine in the pipeline. + +This could cause the market as a whole to have a big day tomorrow, keep your eyes on the airlines and cruise stocks imo. But yeah could be very good news across the board. +https://www.cnbc.com/2020/09/04/jobs-report-august-2020-.html + +Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. + +The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. + +Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July. + +Government hiring helped boost the total, with the growth of 344,000 workers accounting for a quarter of the monthly gain. + +The report comes amid a raft of mostly positive economic signals, with retail sales, real estate and manufacturing showing sharp rebounds off their coronavirus lows. Still, economists worry that absent another round of stimulus from Congress, the boosts in activity could be short-lived. August's job gains mean that more than half of those displaced during the pandemic are back at work. +Edit1: This has gotten more traction than I anticipated. Thanks for all the awards, I do this for the sub so that everybody can stay in line and not get carried away. I plan on doing an occasional "DD POLICE" Episode going forward, where I'll recap and face fuck any dd I can prove wrong or support ones I can further verify. Feel free to inbox me things you're sus about or want confirmed. + +&#x200B; + +Edit 2: In light of some people sending my some more info, I will be doing some more research on this post & updating it accordingly in the case I find any of this is misleading or incorrect. Thanks for holding my accountable as well! We need this! + +&#x200B; + +Edit 3: Updates Part 3 to include 3.1 which is the counter-counter DD. We all need to be held accountable, including myself. Big thank you to u/SmithEchoes ! Always do your own dd guys. + +&#x200B; + +Edit 4: $RY Opened at $94.61 as predicted today (4/19). Take off your tinfoil hats + +&#x200B; + +&#x200B; + +Sup you stupid cucks + +&#x200B; + +[It's TIME TO STOP with misinformation & date expectations](https://preview.redd.it/x8n3l0b2pyt61.png?width=1920&format=png&auto=webp&s=96c4773149cb216db53f699a6f7e37f833c11fce) + +Yet again I've been summoned from my shitty fucking sleep schedule to save you from some more misinfo. + +&#x200B; + +# PART 1 - TLDR SINCE IT'S LATE AND YALL NEED SLEEP + +Going to make this very fucking clear for those in the back or that are too lazy to do their own DD (which must be a lot of people considering this shit keeps happening) + +1. **RBC (Royal Bank of Canada) DOES NOT HAVE CLEAR TIES TO CITADEL** +2. **RBC IS NOT SUDDENLY WORTH 66% LESS** + +&#x200B; + +# PART 2 - THE VIDEO CIRCULATING GME/SS SUBS + +*This crock of shit:* [$AMC $GME RBC -64% WHAT ARE THEY HIDING? - YouTube](https://www.youtube.com/watch?v=smZmQrTP9kI&ab_channel=CharlieandtheVids) is particularly disheartening, because the creator (who I'm sure has good intentions) blatantly misinforms the audience. Yes, RBC stock did **TRADE** momentarily at $33.75, but then immediately was traded at it's regular price of \~$94.71 + +&#x200B; + +[At roughly 1800 EDT we say $RY trade 896 shares @ $33.75 \(total value: \~$30k\)](https://preview.redd.it/q81oa7g5pyt61.png?width=660&format=png&auto=webp&s=1823830e886c4280f0e5bfe34971accc0cc67c49) + +"The Royal Bank of Canada has direct ties with Citadel, this is very easily verified, you can look it up yourself."^((0:40 in video)) + +Well, **I did.** The (2nd) LARGEST institutional owner of RBC is JP Morgan @ LESS THAN 0.335%. The first? ~~Citadel~~ The Canada Pension Plan Investment Board @ 0.46% + +[RY Institutional Owners and 13F Filers (Royal Bank of Canada) ](https://www.marketbeat.com/stocks/NYSE/RY/institutional-ownership/) + +[Citadel Advisors Llc ownership in RY / Royal Bank of Canada - 13F, 13D, 13G Filings - Fintel.io](https://fintel.io/so/us/ry/citadel-advisors-llc) + +It is strange that MarketWatch halts information of RY after hours at 1708, however you can even look at the NASDAQ website which shows you ALL after hours trades, and see that after hours had around \~170k volume, all of which were traded at \~94$ with the exception of **ONLY 896 shares TRADED AT 33.75** [(RY) Latest After Hours Trades | Nasdaq](https://www.nasdaq.com/market-activity/stocks/ry/after-hours-trades) + +***Only 0.5% of after hours 4/16 $RY volume was traded at $33.75 instead of \~$94*** + +Oh, btw, in the comments the poster referred to this article as evidence of Citadel having connections to RBC: [Hedge Funds Have Never Been This Bullish On Royal Bank of Canada (RY) - Insider Monkey](https://www.insidermonkey.com/blog/hedge-funds-have-never-been-this-bullish-on-royal-bank-of-canada-ry-819314/) + +"Among these funds, [**Citadel Investment Group**](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/) held the most valuable stake in Royal Bank of Canada (NYSE:RY), which was worth $83.8 million at the end of the third quarter. " ^(Quote from article) + +1. This is from March 2020, the market has changed VASTLY since then +2. As of 2/19/2021, JPMorgan Chase & Co. own $391M in shares of RY (nearly 20x that of Citadel now) +3. Citadels position is down 47.77% from what it was in 2020. They currently have 284,484 shares @ a value of \~$23M (0.04% of RBC) + +&#x200B; + +[chill the fuck out](https://preview.redd.it/jq7gi978pyt61.png?width=1275&format=png&auto=webp&s=93933c0e1fcf0932dfc48d4bdad48a1df3028d7c) + +&#x200B; + +[disclaimer: he \(probably?\) didn't say this](https://preview.redd.it/jsvxrpn9pyt61.png?width=1280&format=png&auto=webp&s=51d42d56d8ed975a0c92fe66c7d1b0158fb039b5) + +&#x200B; + +# PART 3 - WHY DID 896 $RY SHARES TRADE AT $33.75 THEN? + +IF ONLY WE HAD SOME KIND OF RELIABLE DOCUMENT, THAT WAS PUBLIC, AND GIVEN TO US WEEKS IN ADV- [Royal Bank Of Canada Prospectus 424B2 (sec.report)](https://sec.report/Document/0001140361-21-011078/) ^(oh wow, you smooth brain motherfuckers) + +"Trigger Price and Coupon , Barrier: ***$33.75***, which is 60% of the Initial Stock Price." ^(Taken from link) + +*Q: So what the fuck am I looking at?:* **A: " Royal Bank of Canada is offering Auto-Callable Contingent Coupon Barrier Notes (the “Notes”) linked to the common stock (the “Reference Stock”) of Toll Brothers, Inc. (the “Reference Stock Issuer”). The Notes are our senior unsecured obligations, will pay a quarterly Contingent Coupon at the rate and under the circumstances specified below, and will have the terms described in the documents described above, as supplemented or modified by this pricing supplement. "** + +*Pls wrinkle boy, smooth brain much. Need simp answer.* + +Basically, RBC is just doing business as usual. Everyone is on the egde of their seat with **4 major banks selling off $47 BILLION in assets** ^((BofA: $15B, JPM: $13B, GS: 10.5B, MS: 8.5B)) so this is getting way more traction than it normally would. Everyone is digging very fucking deep & hard to find connections that aren't there in order to scream Armageddon & watch the universe fucking implode on Monday. RBC will open @ \~$94 Monday as per usual, and if it doesn't, well, this post is far from the first thing you need to start worrying about. + +**WHAT IS WIERD** is that Citadel just closed out \~30k in options on Toll Brothers Inc. early. hmmm + +# PART 3.1 - THE COUNTER-COUNTER DD + +Check out this comment from u/SmithEchoes: + +"So.. if the trade date was March 29, 2021, next coupon barrier date not until the next quarter, and a call date no earlier then September 29, 2021, how exactly is the trigger price of 33.75 activated on April 16, 2021? + +The problem here is this is a 424B2 filing, which is a newly opened prospectus filing. Since it is newly opened, it can’t for the above mentioned reasons be the cause of the 33.75 AH price. Next we have initial stock price, which is for Toll Brothers, Inc (TOL), which on 3/29/21 (trade date) ranged from 55.96 to 59.52. 56.25 lines up pretty well with the VWAP ending normal trading hours, and maintains a conservative price in the benefit to the bank. + +So in real conclusions to the conclusions here, a random “Auto-Callable Contingent Coupon Barrier Notes” form 242B2 with a trigger price of 33.75 for TOL stock does not relate to a random after hours RY stock price." + +**I, like most of you, are also learning most of all this financial jumbo over the past few months. So, lets do our own DD again. Time to dive deeper into Auto-Callable Notes & Prospectus Filings.** + +&#x200B; + +[TLCR: Prospectus Filings are just a financial document to disclose or describe trades.](https://preview.redd.it/91k4caiysyt61.png?width=483&format=png&auto=webp&s=ed696ce9a98d4b99eff0333cf74ed738e696ccc3) + +&#x200B; + +[Taken from the RBC Prospectus Filing](https://preview.redd.it/rgg92ts6vyt61.png?width=698&format=png&auto=webp&s=8ea608c7becd330eef9e38a0c2eeede7615b7104) + +&#x200B; + +[qwik mafs](https://preview.redd.it/qbbmes8ruyt61.png?width=653&format=png&auto=webp&s=cdf9137939bbbcc1fd8b08055f46e3713b9206bd) + +Okay. So the numbers line up with my 3.0 explanation for apes. But what about Callable Fixed Rate Notes? Well, here's an explanation from RBC themselves: [Callable Fixed Rate Notes](https://www.rbccm.com/assets/rbccm/docs/expertise/fixed-income/us/rbc-callable-fixed-rate-notes-fact-sheet.pdf) (TLCR: They are call options) + +*Q: What do we know about call options?* " **A: For most profitable covered call positions, it is best to let them ride until expiration.** (in this case that would be until AT LEAST September 2021. However, There is nothing in the RBC Prospectus filing that states they can not be closed our PRIOR to that. Which is what Citadel did) **But in certain circumstances it may make sense to close out the trades early to manage risk or free up capital for new opportunities. Always pay attention to transaction costs, and use a limit order when closing out your option contracts. "** + +Wait. A. Mother. Fucking. Second. + +***"...it may make sense to close out the trades early to manage risk or free up capital for new opportunities..."*** + +Well, I think we just stumbled upon something that was in front of our eyes the whole time. + +***Citadel is likely closing out as many positions as it can in order to liquify assets so it has more cash in hand.*** + +And if they're willing to liquify a meager \~30k in options, it looks like MAY BE\* liquifying basically fucking everything they have that isn't critical to their operations. (MY OPINION, PURE SPECULATION) + +&#x200B; + +Part 3.1 TLDR: 3.0 Still stands, also Shitadel looks like it's 300% fuk + +&#x200B; + +# PART 4 - CONCLUSION + +Something big is happening, but RBC is fine as far as we can tell with the information on hand. + +Expect another post from me within a few days tackling another bullshit lazy dd. + +**This kind of misinformation is FUD** **AND NEEDS TO BE DESTROYED**, as explained in another post I made here: [Blackrock & 4D Chess](https://www.reddit.com/r/Superstonk/comments/msez57/blackrock_4d_chess/) + +*Q: Why is it FUD?* **A: Because people start rallying behind the idea that monday we're going to see big banks like RBC start to crumble and trigger the MOASS etc etc.** Inevitably this does not happen and people are let down. Guess what? The MOASS will fucking happen when it happens. + +&#x200B; + +[Sit back, relax. You waited xx years for this moment you can wait a few more days\/weeks\/months. Stop setting expectations for this Monday, or 4\/20 or ANY day. The longer this goes on the more shorts CuckFunds put out there and the harder we blow the fucking ozone into oblivion on our way to 🌙](https://preview.redd.it/be7ys9ibpyt61.png?width=1920&format=png&auto=webp&s=b07ba514283e279bb2fc1ccd2c23e05687ccf597) + +&#x200B; + +Have a great Sunday! -Rugby + +🐵🍌💎🙌🚀🌙 + +\----------------------------------------- + +DATES=FUD [Blackrock & 4D Chess](https://www.reddit.com/r/Superstonk/comments/msez57/blackrock_4d_chess/) + +DD POLICE ep.1 [SEC Rule 15c3-3](https://www.reddit.com/r/Superstonk/comments/mtl77t/dd_police_ep_1_sec_rule_15c33/) +I joined this sub just over a year ago and it's had such a huge positive impact on my life already, so I wanted to sum up and share to help/inspire other newcomers. + +&#x200B; + +* **Investing:** Firstly making investing so straight forward. I'd never done any investing before because of the hassle/risk/time involved with choosing individual stocks (which I thought was the only way to do it) so finding out about index funds, Vanguard, etc. from this sub has made me start investing not just saving. Without this my money would just be sat in standard bank savings accounts, being eaten away by inflation. +* **Early retirement:** It's taught me to improve my retirement plan. I'd never heard of a SIPP before and thought LISAs were just for buying a house, but now I put any income taxed at 40% in my SIPP and then fill up my LISA with money taxed at 20%. This means I'll be able to retire far earlier than I thought, as prior to this I just relied on my employer pension, which would've meant a standard retirement age. My dad recently had a heart attack at 61 (luckily is ok now) but it's reminded me that 67+ is too late to retire. I don't want to go from the office to the cemetery. Now I'm aiming for 55-60, which is achievable thanks to this sub. +* **Saving money:** one example of this is a post I made in the past about buying a new kitchen and asking ways to save money on it. Various people recommended DIY Kitchens, which ended up costing £8.5k for the same kitchen that Wren were quoting £10.5k for. Also advised to go with a local builder vs Wren's installers, which saved another few thousand. In total, it saved me over £4k just from making a single post on this sub. +* **Making money:** I made a post earlier in the year about a big life choice, where I was interviewing for high-pressure £80-90k jobs vs my current low-stress £50-60k job. People on this sub gave great advice, that the extra money wasn't worth the long days (12 hours), long commute, high stress, not seeing family as much, etc. and looking back that was 100% the right call, as I would've been miserable. Some people then recommended that I should use my excess time and energy (thanks to my low-stress job) to do freelance work on the side instead. I'd never considered freelance work before, but I've given it a go and now in the first few months I've got a few contracts which have almost totalled my full-time salary and take my income for the year to £100k, all whilst working from home (software engineer) so still spending time with my family, no commute, I choose my hours, etc. It's best of both worlds (high pay + flexible, low stress) and I wouldn't have even thought about pursuing it if it wasn't for the helpful people on this sub. + +&#x200B; + +So thank you all for all of the free and helpful advice and guidance you share on here and for making it such a supportive and inspiring little spot on the internet. It really does change lives. +This started about 4 years ago when I was 2 years old. My dad started to supplement me picture books and cartoons with beginner options books and Martin Shkerli's live videos on how to pick pharmaceutical stocks. Over the course of these years I have retained absolutely nothing even though my dad has spent every waking minute trying to make me understand. He has done almost everything including having Jerome Powell's speeches play while I am sleeping and only having Warren Buffet on the TV to try and make me understand the market. Yesterday, he got to a breaking point when I couldn't differentiate between a straddle and a strangle even though we went through different strategies for almost a month straight. My dad finally convinced my mom that they were doing the right thing when he said that I will soon be a Wendy's worker begging my wife's husband for a weekly allowance because I will never amount to be anything. He couldn't fathom raising a kid who was not able to able to make a profit from trading options by the time he was 10. With all that said, if anyone wants a 6 year old child who is shitty at market strategy, plz adopt me from Eternal Sunny Orphanage in Omaha, Nebraska. +I live in Las Vegas, an epicenter for tourism and large conventions. I work as an on-call cocktail server at one of the major resorts on the strip. I usually average about 4 shifts per week, money is good even in slower months. + +They’ve cancelled all banquets, conventions, and buyouts for the rest of this month. Work has already been so incredibly slow nobody is getting called in. There’s talks of shutting down McCarren airport, canceling more and more conventions/events. Everyone at work is deeply struggling, as our money relies on tourism. I haven’t worked a single shift this week, and I’m started to get really nervous. + +My car was repossessed three months ago and I was FINALLY digging myself out of that hole. Paying my family back, and managed to get my savings back to $500. Now this shit happens. Now I’m hardly working. I’m worried it’s going to get worse, especially watching the news hearing about all these large events being canceled. I’ve been frantically applying for a second job/gigs today, pretty much everything and anything as I’m bracing for the worst and potentially not working at all this month. + +Combined with my savings and my checking account I have $650 to my name. My rent alone is $850. How can I prepare myself for this month and possibly the ones thereafter? What other gigs/jobs can I do to make quick money? I desperately need advice/help/guidance/direction before my head explodes from anxiety. + +EDIT: Just received word today, they are closing the lounge I work in temporarily some days out of the week. Some restaurants will also be closing temporarily. Being updated on exact days later today or tomorrow. This is really bad. +just saw a post on Forbes asking users how they plan to use the $2000 a month stimulus that's getting talked about by a couple of congress persons. + +Just reinforcing the rule to never account for money you don't have. Just like the talk about paying off student loans. If it hasn't happened already, don't account for it. The same can be said for bonuses, regardless how scheduled they are. +The newest member of the extended doge family is growing extremely fast and getting over the top in short time. It has a huge marketing right now and it is expanding to global with this way. + +📣Reached to 18.2k holders in 48 hours! + +📣Btok ads are coming within 48 hours! + +💰Uncle Doge is designed to reward long term holders. Community is first and foremost. Uncle Doge is proud to run with his founding father and provide transparency and fairness to the community! + +🔰Doge is a true patriot to his homeland and he is willing to prove it by allowing everything to be subjected to a vote; + +- Where will the marketing funds go❓ + +- When do we turn on our buyback system❓ + +- Who should be the coin’s new president❓ + +The community is deciding these questions so that it shows how community-driven Uncle Doge is. + +📌No matter how big or small, as long as you are a citizen of the Uncle Doge republic and are a proud holder of our token, your vote will be counted and you will determine the direction of Uncle Doge. + +✅ Huge marketing plan ongoing - Influencers with millions of followers promoting Uncle Doge everyday and more and more coming on its way. + +✅ Buy-back function with rewards for holders + +✅ No developer team wallet + +✅ Anti-Bot & Anti-Whale mechanism + +✅ Liquidity Locked + +✅ Doxxed Dev + +✅ Audited + +⚙️Tokenomics: + +Every transaction within Uncle Doge token taxed by 11%. The tax is split in two parts: + +- 10% Tax to liquidity + +- 1% Reflection + +Uncle Doge wants you in the doge family❗ + +🌐Website: https://uncledoge.net + +🐦Twitter: https://twitter.com/UncleDogeBSC + +📱Telegram: https://t.me/UncleDogeOfficial + +💵Buy Link: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD2618bC9c9cDC40ff19e200a7d14A09799C0a152 + +🔰Contract: https://bscscan.com/token/0xd2618bc9c9cdc40ff19e200a7d14a09799c0a152#balances +So, first of all, this is just speculation but it fits so well... + +&#x200B; + +Today we had a nice run to 105$ without much of a resistance. + +But then the price was smashed back down violently. + +As it turns out, IBKR had a warning message up that said: + +>HK and Chicago based clients were unable to trade. + +I witnessed it but deleted the screenshot when I saw that [u/Hot\_Dog\_Dudeson](https://www.reddit.com/user/Hot_Dog_Dudeson/) beat me to posting it. :) + +[https://www.reddit.com/r/Superstonk/comments/sd7rkl/something\_is\_fishy/](https://www.reddit.com/r/Superstonk/comments/sd7rkl/something_is_fishy/) + +The run up was just within the few minutes when Chicago trading was blocked and the smash down was triggered the minute trading was back up. + +&#x200B; + +Now, remember when the SEC posted this tweet? + +>The SEC can suspend trading in a security if it demonstrates that the action is in the public interest and necessary to protect investors. Find out more about trading suspensions. + +[https://twitter.com/Chicago\_SEC/status/1485712768451895307](https://twitter.com/Chicago_SEC/status/1485712768451895307) + +Does somebody know a guy from Chicago who may be responsible for keeping the price down? + +Just a coincidence I guess. + +&#x200B; + +But then there's this statement today where gamestop was explicitly named again. + +[https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622](https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622) + +And somehow there was another SEC tweet yesterday, regarding liquidations... + +[https://twitter.com/Chicago\_SEC/status/1485992119533776904](https://twitter.com/Chicago_SEC/status/1485992119533776904) + +&#x200B; + +There's just too many coincidences right now. + +Guys, I think we're very close. + +**Buckle the fuck up.** + +&#x200B; + +Edit: I suck at formatting + +&#x200B; + +Edit2: + +Just to clear that up for the new readers: + +I'm not talking about the whole trading day. +It's about the first run-up to 105$ in the morning. +Everything afterwards is the usual fuckery I guess. + +So, first of all, this is just speculation but it fits so well... + +&#x200B; + +Today we had a nice run to 105$ without much of a resistance. + +But then the price was smashed back down violently. + +As it turns out, IBKR had a warning message up that said: + +>HK and Chicago based clients were unable to trade. + +I witnessed it but deleted the screenshot when I saw that [u/Hot\_Dog\_Dudeson](https://www.reddit.com/user/Hot_Dog_Dudeson/) beat me to posting it. :) + +[https://www.reddit.com/r/Superstonk/comments/sd7rkl/something\_is\_fishy/](https://www.reddit.com/r/Superstonk/comments/sd7rkl/something_is_fishy/) + +The run up was just within the few minutes when Chicago trading was blocked and the smash down was triggered the minute trading was back up. + +&#x200B; + +Now, remember when the SEC posted this tweet? + +>The SEC can suspend trading in a security if it demonstrates that the action is in the public interest and necessary to protect investors. Find out more about trading suspensions. + +[https://twitter.com/Chicago\_SEC/status/1485712768451895307](https://twitter.com/Chicago_SEC/status/1485712768451895307) + +Does somebody know a guy from Chicago who may be responsible for keeping the price down? + +Just a coincidence I guess. + +&#x200B; + +But then there's this statement today where gamestop was explicitly named again. + +[https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622](https://www.sec.gov/news/statement/gensler-january2021-market-volatility-012622) + +And somehow there was another SEC tweet yesterday, regarding liquidations... + +[https://twitter.com/Chicago\_SEC/status/1485992119533776904](https://twitter.com/Chicago_SEC/status/1485992119533776904) + +&#x200B; + +There's just too many coincidences right now. + +Guys, I think we're very close. + +**Buckle the fuck up.** + +&#x200B; + +Edit: I suck at formatting + +&#x200B; + +Edit2: + +Just to clear that up for the new readers: + +I'm not talking about the whole trading day. +It's about the first run-up to 105$ in the morning. +Everything afterwards is the usual fuckery I guess. + +I'm new to politics and even newer to economics, but I've stumbled upon a few questions. + +* Why haven't we had a surplus in the US budget in almost 2 decades? +* What are the proposed solutions to get out of debt? +* Would it be for better or worse to return to the gold standard? +* Is the US economy eventually just doomed? lol +&#x200B; + +https://preview.redd.it/xa8bawctbd871.png?width=1600&format=png&auto=webp&s=999a1e1d9d9ffb20879525bb43b43996853f2231 + + 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/4gz98z8vbd871.png?width=680&format=png&auto=webp&s=ad64a996da02f731719d4a933dbfd96bce9e87da + +# Reverse Repo's + +&#x200B; + +https://preview.redd.it/k7ad3ymxbd871.png?width=718&format=png&auto=webp&s=94f436a280c9edc64fb1be34a67f5c7e9c6d2088 + +And it's back to 841 billion + +&#x200B; + +https://preview.redd.it/3475y9c3cd871.png?width=960&format=png&auto=webp&s=03699984c2e9f4c9f741ec89aebf15957fba776d + +Logarithmic floor guy u/JTH1 + +He is switching to weekly until something happens, so that could be today tomorrow or next week, who knows. + +What I do like however is that u/ajquick also has adapted the model to fit the current flow, as you can see the exponential floor how it would go without the first share offering, with the offering and how it may be going now. Remember that there isn't a lot of data to calculate the current situation so it may be a little off or need to adjust the calculation, but I like how the previous two do line up and lets hope this means the current one will line up. + +You can check his thread [here](https://www.reddit.com/r/Superstonk/comments/o7eekh/recalculating_the_exponential_floor_equation_part/) + +&#x200B; + +https://preview.redd.it/74mihacxcd871.png?width=1068&format=png&auto=webp&s=ada259b2e21f024795583d77f78a950d8356c439 + +or better yet perhaps the two of them can work together on this. + +&#x200B; + +[thanks to u\/hummus\_is\_yummus1 ](https://preview.redd.it/mziyiw26dd871.png?width=960&format=png&auto=webp&s=55c716b0339a8cf143dba1b3bc15f3e84d58ed03) + +Fidelity lists GME at a "value stock" right now, and see it as a discount. +spicy. + +&#x200B; + + + +# Gurbir Grewal, Attonery General (N.J) as the new Enforcement Director for the SEC + +&#x200B; + +https://preview.redd.it/do4y1t8ted871.png?width=519&format=png&auto=webp&s=7b085a80f91a4857fc278e9a36f8257774c74c30 + +Gurbir Grewal is the new enforcement director for the SEC. + +If you would like to know about the person u/love_butter69 was kind enough to make an entire thread on him [here](https://www.reddit.com/r/Superstonk/comments/oaip1a/gurbir_grewal_attonery_general_nj_as_the_new/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +TBH this dude has a decent past as an enforcer, lets hope he keeps going. + +&#x200B; + +[ $GME Lowest Volume Since AUGUST 2020 | Volume today = 2,436,647 million | June 29, 2021 thanks to u\/ajquick ](https://preview.redd.it/gfeeq4rydd871.png?width=960&format=png&auto=webp&s=6f3ef16ef10e27b96d7d67b280817fed0e71f19c) + +&#x200B; + +[thanks to u\/NHNE ](https://preview.redd.it/qypgacreed871.png?width=495&format=png&auto=webp&s=caa1bc008b66993f50153a8e105f51c5715fd455) + +# And let's not forget, today is also an anniversary + + + +https://preview.redd.it/2jq9fio5ed871.png?width=960&format=png&auto=webp&s=c318f89e194dafa13f9fe4ee0b7e1895479704d5 + +# Also the 005 seems to be filed/implemented today + +https://preview.redd.it/fsvwymt8ed871.png?width=909&format=png&auto=webp&s=bc7a7f343cef3ab027267ce80b17d02f6a2ebf6e + +A full thread on it [Here](https://www.reddit.com/r/Superstonk/comments/oa8gs9/nscc_005_dtc_005_will_be_published_on_the_federal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +if you want to know more about the nscc or dtcc 005, please check the thread, it also links to the pdf's of them and you can check the comments for feedback. + +&#x200B; + +Also an interesting one was Hanks FTD cycle on what is happening, and why it may have not been happening in the past week, it's interesting to read regardless +[https://www.reddit.com/r/Superstonk/comments/oailkx/why\_the\_ftd\_cycle\_didnt\_happen\_hankys\_take/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oailkx/why_the_ftd_cycle_didnt_happen_hankys_take/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And as always the awesome work of our native "data Seal" Annihil4tionGod + +&#x200B; + +https://preview.redd.it/b3cxb8svfd871.png?width=4096&format=png&auto=webp&s=c237144dd9eea579d5afdacf71069c50ad4b6d5e + +&#x200B; + +But as to wrap up I'd want to go over two last things + +&#x200B; + +https://preview.redd.it/g7ddfnk6fd871.png?width=1080&format=png&auto=webp&s=7a1b02d710a2a10f7afbcffe49f5308a13ada56e + +Imagine being the magician, and you have 500K apes screaming out your tricks, that's whatsup. + +&#x200B; + +Also I've seen people talk about Trading212. + +&#x200B; + +https://preview.redd.it/sk25rg7hfd871.png?width=456&format=png&auto=webp&s=920361edc31c3e857f73364018801b67e70216a7 + +Again this was a showerthought of mine, but instead of fudding around, just opt out of the share lending part if you don't want to be a part of that, and keep your shares in there? +if you are going to hold anyway it doesn't matter if it's close only right? + +I may not have a big wrinklebrain on this but perhaps this could help + +&#x200B; + +https://preview.redd.it/3smqqge1gd871.png?width=554&format=png&auto=webp&s=518dd3b0a8469af32d62cf3784342b9e1dc099a3 + +# 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/l2e331q3gd871.png?width=400&format=png&auto=webp&s=35dc6753e9a52ab3152342769d88f828d65940bc + + + +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) +Original post: [https://www.reddit.com/r/CanadianInvestor/comments/aznmqf/went\_allin\_last\_week\_leveraged\_wish\_me\_luck\_350k/](https://www.reddit.com/r/CanadianInvestor/comments/aznmqf/went_allin_last_week_leveraged_wish_me_luck_350k/) + +Update: + +On March 4, 2019, I boldly entered the market with leverage after getting shredded in weed stocks, to no fault but my own greed. + +My leverage in the new plan included: $100,000 on Margin, $65,000 in Unsecured Lines of Credit + +**TOTAL LEVERAGE: $165,000** + +The idea was simple: buy undervalued stocks that yield more in total than what you pay in interest. Enjoy dividend increases outpacing interest rate rises. Deduct the interest during tax season. + +Easy, right? + +## Mistake #1: Over-leveraging + +My plan was to make a one-time leveraged purchase (on March 4th 2019) and then let my stocks DRIP in the margin account, while taking cash payments in TFSA and Non-Registered accounts. I would save cash for one year and deploy at the next dip. + +And dips there were, sooner than expected. I purchased $50,000 worth of Canadian energy names in September of 2019. I also purchased $25,000 in CanWel Building Materials, which was at the time undervalued (and maybe still is). Each of these purchases went against my plan, but did very well in the short-term. In February 2020 I also bought more Suncor, Methanex and Nutrien — by all accounts undervalued at the time. + +By February 2020, my portfolio was up 16% (at time of screenshot, 13%)– Energy names up 20-30% (except Ensign)– CanWel up 25% + +&#x200B; + +https://preview.redd.it/d9rzriet6pn41.jpg?width=1556&format=pjpg&auto=webp&s=862959ef77e44c90a460d476ece025553541c458 + +&#x200B; + +https://preview.redd.it/xanuzkuu6pn41.jpg?width=1465&format=pjpg&auto=webp&s=7fda3f556b49279fb51584956a765ea347f6c0b4 + +## Mistake #2: Money on the table + +There’s a saying in the investment community: let your winners ride. + +Anyone who’s enjoyed some leisure (or serious) play at a casino knows this. +The stock market, like a craps table, presents you with a choice. + +Ride the hot hand? Increase your bet? Take some off the table and slow it down? + +There’s a second and even more important piece of advice:**ALWAYS TAKE MONEY OFF THE TABLE**. + +I didn’t. And so, on March 9 2020, the first morning of trading after Russia refused to cut production and Saudi Arabia decided to enter a price war, I sold (almost) everything. Here’s how the portfolio stands now: + +&#x200B; + +&#x200B; + +https://preview.redd.it/lutwnjzx6pn41.jpg?width=2293&format=pjpg&auto=webp&s=2321589a72a20eb9c1b1bda3e106cb0d42eea442 + +&#x200B; + +https://preview.redd.it/2d49hgwy6pn41.jpg?width=2349&format=pjpg&auto=webp&s=33c87d89c5194c9c2b13e9ad4bdffe21033c9770 + +&#x200B; + +https://preview.redd.it/mjq3hqrz6pn41.jpg?width=2342&format=pjpg&auto=webp&s=e8d428ae0c66233fef75e2a4f1d4866826f2cf03 + +There it is — down about $100,000. Currently sitting 120k cash, 30k equity (77k book cost). + +Some stocks sold at a gain, as you can see. Others at a deep loss, which would have been even deeper if I didn’t sell on the first wave of crashes (March 9th). I thought I put in a sell order for Suncor, Power Corp, Brookfield Property and Pembina. But alas, they’re still with me. Let’s see how these play out over the next five years. + +I have no debt left — but $80,000 in loans ready to be re-deployed. + +So, where do we go from here? + +## Rule #1: Leverage on the upswing + +With COVID-19 presenting a serious humanitarian challenge, let’s first acknowledge the impact it will have on individuals, families, small businesses; no one will be left unscathed, both in health and finance. The real estate markets are the only thing left to falter. + +With that said, crises like this brought an abrupt and sharp end to the bull run from 2008. **We are now in a position whereby you want to begin researching stocks to buy and hold for the next bull run.** That does NOT mean jumping all-in just yet. The effects of COVID will absolutely be felt a year from now, so there is no reason to extend yourself. Companies are likely to go bankrupt, people will lose their homes, unemployment will jump, house prices will likely fall. + +It’s painful to watch the market swing violently like a storm-battered cruise ship. You’re better off not even looking, and coming back in a few months. + +At that time, a few months from now, I will slowly begin entering positions in **large-cap** companies. These include households names like banks, utilities, and telecommunications. Slowly thereafter I will dip into smaller commodity-type stocks, industrials, etc. + +My days of leverage will return. + +Until then, stay safe and healthy. + +Good luck. +Hi ape detectives! Today me (Watson) and our resident Sherlock u/Jerrynka69 bring you a solution to the most recent DFV tweet ( [UNO Kitty DFV Tweet](https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1) ), cryptically sending us a message like only he, The One Who Is Not a Cat can. + +1. Firstly, we'll pay attention to highlighted cards which have been edited in. There's 2 decks, one on the left side in hand and one on the right side, probably a discard pile. +2. Check the left hand UNO deck. You can see 2,1,wild,6,4. A reverse has been played so read it in reverse and sub the wild for 1 (Wild is highlighted, in the original photo Ace is highlighted and Ace = 1, thanks u/hnddt1) - **4 / 16 / 21.** A date we all know very well - his options are expiring and some other DDs have been pointing to it! +3. On the right side we see **WILD** highlighted, we can see reverse and some other numbers. ~~We've been unable to crack the other numbers but as they're not highlighted we assume they have been used just to cover the original card art.~~ + +EDIT: Thanks you u/Thilanii we got this juicy piece of info: "*You’ve got 2 2 and 4 on the right side with the wild card. What happened on 2/24? We opened at 44.70, ended at 91.71, and after hours we peaked 200 a few times. Coincidence? Nope.* " + +Many other detective apes pointed out that the **right hand numbers could be also read as 4/22** \- so that’s probably a possible date (I know we don’t do dates here, I’m just reporting the finds) to look forward to! + +4. Check the lamp above kitties heads very very closely. You'll see **5 GME logos** there! Do you know how many trading days are left until 4 / 16 / 21? **5.**([Check this GIF](https://imgur.com/a/7IxdbKw) from u/vivvienne if you can't see the logos!) 5. How many kitties do we have playing? **5.** + +What does this tell us? + +In our opinion (GME bulls Discord investigators) it **means that 4 / 16 / 21 is gonna be WILD**. His options are expiring and with the right side numbers he's point at the last time we saw a very nice price hike after a dip! + +Also, there is a possibility DFV has planned for this date, check out this DD: [https://www.reddit.com/r/trollwallstreet/comments/m0ndyr/gme\_target\_dates\_jan\_15\_april\_16\_not\_march\_19/?utm\_source=share&utm\_medium=mweb](https://www.reddit.com/r/trollwallstreet/comments/m0ndyr/gme_target_dates_jan_15_april_16_not_march_19/?utm_source=share&utm_medium=mweb) + +There is 5 GME logos on the lamp and 5 kitties playing, which means 5 trading days left until that date. + +Notice fat cash stacks on table, very thematic too! We’re playing for big cash indeed - plus the kitty playing is **ALL IN!** (thanks u/Same-Tour9465) + +Also, this just in: GME Youtube just uploaded a video with 5 nights at Freddy's. The title? + +**DECODED** | **FIVE** NIGHTS AT FREDDY'S SPRING COLORWAY PLUSHIES. + +Tits? Jacked. + +Tendies? In the fryer. + +Hands? Fucking diamond. + +All-seeing award from anonymous source? Incoming. (Don't be stingy on me u/deepfuckingvalue !) + +If anybody has more clues, let us know! + +— + +New clue by u/Financial-Process-86 : WAIT. A. SECOND. + +Five nights at freddies is a game where you are constantly scared by FAKE ANIMALS, (animatronic machines) until you get to the fifth night. At which point YOU WIN. + +The stock market is described as a zoo (ostrich, bulls, bears, sheep, pigs). + +You have to be able to shine the light on the fake animals in order for the animals to not consume you. + +SEE ANY PARALLELS? + +I'M NOT CRAZY RIGHT? + +— + +New clue by u/baimeigui102460: + +POSSIBLE NEW CLUE: + +Did you apes notice the photo DFV posted is squeezed a bit when compared to the original? + +Here is an original/unaltered version of the image: + +[http://gastrotekadanontzat.com/wp-content/uploads/2019/10/Gastroteka-Danontzat-Hondarribia-La-trastienda.jpg](http://gastrotekadanontzat.com/wp-content/uploads/2019/10/Gastroteka-Danontzat-Hondarribia-La-trastienda.jpg) + +Open up both images in two browser tabs and flip through them back and forth to see the effect. You'll see a squozening happening. He could have chosen any version of the image as a base to edit. Can't help but notice this. + +Thoughts? u/pepsodont + +— + +EDIT: Just to make one thing clear - we don't think he's pointing to a squeeze date, nobody knows when that'll be. He's sending a message that he thinks something positively important / interesting will happen on that date. Might be just his options expiring. Might be a price hike. Who knows? Let's wait and see. + +EDIT 2: For those who didn't know - DFV has been tweeting decreasing numbers in his cryptic tweets, like a countdown. This could be number 5 in sequence. + +EDIT 3: RIP my inbox + +EDIT 4: I don’t want to cause positive panic at the disco, but I have a feeling DFV’s awarder karma jumped substantially recently - it’s up to 1 131 384 😳 + +EDIT 5: New clues by other detective apes added! Keep ‘em coming! + +EDIT 6: Looks like there is possibility of DFV knowing about 21/4/16 for SURE: [https://www.reddit.com/r/trollwallstreet/comments/m0ndyr/gme\_target\_dates\_jan\_15\_april\_16\_not\_march\_19/?utm\_source=share&utm\_medium=mweb](https://www.reddit.com/r/trollwallstreet/comments/m0ndyr/gme_target_dates_jan_15_april_16_not_march_19/?utm_source=share&utm_medium=mweb) +My wife is a federal employee who wasn't payed during the shutdown. Yesterday she got a direct deposit for one missed paycheck and another is pending for tomorrow. Each payment is $484 less than her normal pay. She's going to ask about it today, but I was wondering if it happened to anyone else. + +&#x200B; +Gilead Sciences potential antiviral drug for coronavirus, Remdesivir, "flopped" in its first randomized clinical trial, according to the Financial Times, citing draft documents published accidentally by the WHO. The Chinese trial showed Remdesivir didn't improve patients' conditions or reduce the virus in the bloodstream. The drug also show significant side effects. + +The study was terminated early due to low enrollment and was underpowered to enable statistical meaningful conclusions, said Gilead. [source](https://www.streetinsider.com/FDA/Gilead+Sciences+%28GILD%29+Antiviral+Drug+Remdesivir+Flops+in+First+trial+-+FT/16777741.html) + +&#x200B; + +>UPDATE: Gilead Says Investigators In Remdesivir Study Did Not Provide Permission For Publication Of Results, Confirms Study Terminated Early Due To Low Enrollment +> +>\^ saw this in a tweet, looking for source. (its really common for headlines to get put on terminals like this) +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. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +So ill start from the beginning. A few years ago i lost my front tooth, and couldnt afford to get a new one. Company i worked for, whos name i wont disclose, promised me they were going to pay for me to get a permanent tooth. My supervisor approached me one day while i was out in the yard working, and told me that as a wedding present they would be buying me a new tooth. I never asked them to buy me one, but they wanted to thank me for the hard work and time i put into the company, and also make sure i looked good for the wedding pictures. I was so happy and so was my fiance. It was the nicest thing any company had ever done for me before, and i was very grateful for them. They made an appointment for me to go to their company dentist, and i got my date to get my bridge. Now a day before the appointment, they told me to cancel the appointment, because they wanted to try and find a better deal. Apparently he was charging them too much money and they wanted me to go someplace cheaper. This was a red flag to me, but they seemed sincere and assured me they were working on something for me. So i canceled and waited. This should have been my first warning sign that they had no intention of paying for my tooth. + +Two months went by, and they didnt tell me anything. I was starting to think that they were going to bail on their offer, but any time i asked about it they kept assuring me they would honor the agreement. Last month they laid me off, and during the comversation my supervisor assured me they were honoring the agreement to pay for my tooth. My supervisor brought up the tooth, i didnt even ask about it. I had assumed they werent going to pay for it anymore. He assured me the company was going to pay for it and honor that agreement. They told me they would be in touch with me once they worked something out. Well i went to a family friend and got the work done (for a discount also.) When i gave them the bill, they informed me that they had never intended to pay for my bill. They told me they had no idea who told me that (despite 4 managers proudly telling it to me) and said i had to pay for it myself. Not only did they refuse to pay, but they made me look dumb for thinking they ever told me they were going to do it. I was furious. The only reason i got the work done was because they promised me they were going to do it. + +So now here i am with a dental bill, because i trusted my employer to honor their promise. There is also nothing i can do about it, because it wasnt in writing and i cannot prove they promised to pay for it. I also know this is my own fault, i was stupid for not trusting my instincts. So if your employer promises you a raise, to pay for something, or to do anything for you. Always, and i cannot stress this enough, always get it in writting. + +Edit: this got a lot more traction then i thought it would. I want to thank everyone for their kind words, as well as others who were more harsh. Listening to users here, i have decided to sit down with a lawyer and look into legal action against my former employeers. I know this upsets some users, but i am not the kind of person who just jumps into things without planning first. Ive already made a lot of mistakes, i want to try and avoid any other ones. I will speak to the lawyer, and send an email to my boss asking for a more detailed explanation as to why they are no longer paying. As always, you guys are awesome and thank you! +I bought about 2500 lbs of good silver 15 years back. I don’t want to sell it. + +However there is a big physical/paper difference in these markets. + +Plus I am not sure if I trust Australia long term. + +Not sure if I would just bury it once I have it :) +So my first building I spent 2 years dealing with everything and it was a huge stress, as the old landlord had left it as is for 10 years. + + + +This time I got a property manager, and over all I've saved my self weeks of work. From the tenant finding, to going to buy space heaters, replace valves, collect rent etc + +Also, my tenants had existing leases when I bought and communication is pretty complicated where going to talk in person is easier which I also don't have to do. They are new immigrants don't know the norms ex keep heater over 16c or pipes freeze. + +I don't have a car and so it would take me 2 hours each time to deal with yet another issue plus the time to go get materials to fix the issue. + + +Yes, I know they are charging labour every time but, overall 60$ for a plumbing problem vs hiring a plumber is cheaper and I don't have to go figure it out. + +If I were to do it over my mistake was ever telling my tenants my phone number, I've explained that I pay for a pm and not to contact me but they still do. + +After buying a new building I recommend it, after they have fix most issues see if you can manage it your self. +It seems like banks are letting people leverage up to their eyeballs in debt when it comes to property. Is this properly stress tested and being done in a prudent way internally, or has the house market euphoria also bitten lenders. What are people really saying behind closed doors? +[https://www.nytimes.com/2020/09/03/us/politics/google-antitrust-justice-department.html?action=click&module=Top%20Stories&pgtype=Homepage](https://www.nytimes.com/2020/09/03/us/politics/google-antitrust-justice-department.html?action=click&module=Top%20Stories&pgtype=Homepage) + +Key Excerpts: + +&#x200B; + +>The Justice Department plans to bring an antitrust case against Google as soon as this month, after Attorney General William P. Barr overruled career lawyers who said they needed more time to build a strong case against one of the world’s wealthiest, most formidable technology companies, according to five people briefed on internal department conversations. +> +>Justice Department officials told lawyers involved in the antitrust inquiry into Alphabet, the parent company of Google and YouTube, to wrap up their work by the end of September, according to three of the people. Most of the 40-odd lawyers who had been working on the investigation opposed the deadline. Some said they would not sign the complaint, and several of them left the case this summer. + +&#x200B; + +>Brianna Herlihy, a Justice Department spokeswoman, declined to comment on the continuing investigation. Jose Castaneda, a spokesman for Google, said that the company would “continue to engage with ongoing investigations” and that its business practices enabled “increased choice and competition.” + +&#x200B; + +>The Justice Department amassed powerful evidence of anticompetitive practices, three people said. +> +>But the lawyers also described internal politics that at times slowed down the department’s work or drove a wedge among members of the team. + +&#x200B; + +>For nearly a year, dozens of Justice Department lawyers and other staff members worked in two groups, each overseeing a separate line of inquiry: Google’s dominance in search and its control over many aspects of the ecosystem for online advertising. + +&#x200B; + +>Google controls about 90 percent of web searches globally, and rivals have complained that the company extended its dominance by making its search and browsing tools defaults on phones with its Android operating system. Google also captures about one-third of every dollar spent on online advertising, and its ad tools are used to supply and auction ads that appear across the internet. + +&#x200B; + +TL;DR: Antitrust scrutiny of Big Tech seems to have picked up with Google in the Trump Administrations crosshairs. Despite broad bipartisan support in Congress and amongst 50 state AGs, there seems to be some politicking, or at least the appearance of such, that could slow down the government's case. AG Barr wants to file charge against Google by the end of September. +I downloaded the coinmarketcap.com data for the top 100 cryptocurrencies as of a couple hours ago ([source](https://coinmarketcap.com/all/views/all/)) and did some charts of which coins gained the most in the last 7 days. Note: These are not weighted averages but I doubt that makes any difference. + +[Top 100 CMC coins by price](https://i.imgur.com/rjW9rTl.png) +Here we're sorting by price-per-coin from the most expensive coins (BTC, BCH, DASH, ETH) to the least expensive (KIN, XP, BCN, DOGE). There's a pretty clear trend here that the expensive coins are up a little bit, but the cheaper the coin is the more likely it is to be up a huge amount. + +[Top 100 CMC coins by circulating supply](https://i.imgur.com/aha3LX3.png) +This is sorted by the total number of coins in circulating supply, from fewest (GBYTE, GNO, BTCD, DGD) to the most (KIN, XP, BCN, DOGE). There's an even clearer trend here that the coins with smaller total supplies are up a little bit, but the more coins circulating the more likely that coin is to be up by a lot. + +[Top 100 CMC coins by market cap](https://i.imgur.com/PXMjTeM.png) +This is the top 100 coins by the value of their total market capitalization from lowest (WTC, POE, BLOCK, ITC) to highest (BTC, XRP, ETH, BCH). This time there's basically no trend. The coins with the highest market caps are up just about as much as the lowest market cap coins, and it's fairly random inbetween. + +I'm neither a statistician nor a market analyst but this looks like pure market irrationality to me. The best recent predictor here for market performance of a coin is simply the size of its circulating supply, which is essentially a meaningless decision about where to put a decimal place. Satoshi could have just as easily capped bitcoin at 21 billion coins instead of 21 million, and maybe if he did the BTC market cap would be much higher because people would perceive it as "seeming cheap". + +We're in a bull market and nearly everything has been up, so there's a lot of FOMO and throwing money at anything that moves. If this was the stock market I would knowingly tap the side of my monocle and say "Oh ho, fundamental valuations will catch up to you in the end, and then you'll be sorry you didn't do your due dilligence." In crypto, however, I've seen little evidence so far that fundamental valuation ever catches up to anybody. + +From searching online it seems average Americans take around 10-20 days of vacation per year (\~2-4 weeks) + +I'm wondering what the balance is like in the fatFIRE crowd. We can afford to take more vacation than the average American, however if we take too much vacation we might fall off the track of fatFIRE. + +I'll start: I take 12 weeks (\~60 days) off per year (unpaid because I'm self employed). I take a week off every month, it helps me prevent burnout and travel the world, but I'm also not away from work long enough to disrupt cash flow. + +Edit: I'm loving all the responses. I wanted to see if people were taking it more relaxed (i.e. more vacation) or going 100% all in (no vacation, retire as early as possible). From the responses, I would say majority take between 2-10 weeks of vacation with some outliers on both sides. We're a well balanced group of people! + +And of course, we have our lovely retirees clocking in at 365 days of vacation/year. Those pesky senior citizens! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your 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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +It was so degrading. Everyone behind me was giving me weird looks. Even worse is that I work at this store so everyone will know how poor I am. I feel bad for whoever had to put everything back. They looked angry with me. I could’ve sworn I’ve had food stamps left but apparently I was dead wrong. Being poor is so embarrassing. +#Is there any financial planning that I can do to better evaluate my position? + +#If I go ahead, what’s the best way to prepare for a fall in my New Build price in the next 2 to 5 years? + +Buying a New Build **FLAT** in a **newly built building**, with Help to Buy scheme and a larger flat in a Victorian conversion on a much better street nearby has come up £45,000,00 cheaper but I can’t afford the larger, better flat. Should I still buy the overpriced New Build? + + +**Financial Breakdown** +£63k – My annual pay +£50k – My maximum deposit + +**New build + Help to Buy** +£510k – New build asking price +£480k – New build offer accepted +£192k – Help to Buy equity loan **5 years interest free** +£48k – My deposit +£240k – mortgage + +**Victorian flat** +£435k – Flat price +£50k – My maximum deposit +£385k – Mortgage needed +£63k salary \*4.5 multiple = £283k – What I can borrow +£385k (flat price) - £50k (my deposit) - £283k (what I can borrow) = £52k (that I don’t have) + +Seller of Victorian flat wants £435k. + +The Victorian flat that **I cannot afford** is in a **nicer street**, it is **LARGER** and **CHEAPER at £435,000**. + +The **NEW BUILD FLAT** in a **new building** is ready to move in. **I can afford it with the Help to Buy equity loan** but it is **MORE EXPENSIVE at £480,000**. + +#Is there any financial planning that I can do to better evaluate my position? + +#If I go ahead, what’s the best way to prepare for a fall in my New Build price? +After watching BEP.UN for over two years I finally pulled the trigger & got in at around $47.70. I think it will a great addition to my dividend portfolio as it has a large portfolio of renewable assets from around the world & currently pays a yield of around 3.15%. + +I still think BEP.UN may a slightly over valued however its down over 22% from its highs. Im planning on holding forever. Who else is bullish on BEP.UN? + +Super stoked to finally own this stock! +I received a bill from my dentist several months after my last appointment for $65. I called them and they said they were for x-ray fees which my insurance didn’t cover because it hadn’t been enough time since my previous x-ray. I explained that I’d never requested an x-ray or been asked when my last one was, I was simply told that I needed an x-ray. Long story short, they ended up waiving the fee. It’s always worth calling about unexpected fees! + +Edit: To clarify, this was a completely unnecessary x-ray as I’d just had one six months ago and wasn’t experiencing any dental issues. +As per this interesting post: [https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare\_only\_trades\_through\_the\_nyse\_look/](https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare_only_trades_through_the_nyse_look/) + + +I think this is a really HUGE deal. It means real buys are hitting NYSE impacting price. Real sells are also hitting NYSE and not going to Dark Pools where they can likely be doing all kinds of front-running, wash sales, share dumping and the like. + +Buying and selling (dirty word) on ComputerShare is literally like taking the bullets out of their gun. +Bought 20% down for $785k 4 years ago. Have $633k left on mortgage at about 4% interest, $3100 P+I only per month, and saving for forever home. If we would be able to wait a few more years and pay cash on down payment for forever home, would it be worthwhile to keep it to rent? + +Tax is about $12k/yr. Rent would be about $3300/mo but the quality of renters here are generally stable (whatever that means now) young professional families. + +We would ideally do some cosmetic touch ups around $10k to fix it up for rent, but could sell as is without fixing. + +Edit: house would probably sell about $850k right now + +Edit: $850 is what our realtor suggested we list at to close if we want to trade up contingent on a sale, not sure if that’s what it’s worth but comps around there +I'd love to hear peoples top tips + + +I'm going to be living in my skiing base layers. A long sleeve merino wool top and bottoms will provide comfort and warmth, you can wear them almost all the time and the breathability means you don't sweat as much. They also stay remarkably clean, it sounds gross but I can wear the same base layers for a week of skiing before they need a wash, so you can save on washing too. +Industry background- Over the next decade the psychiatry field will be overturned by psychedelic assisted psychotherapy. Have a look at research by John Hopkins, MAPS, Imperial College London if you have doubts. The furthest along trials are two previously untreated condition, PTSD and Treatment Resistance Depression. Both have received breakthrough status. PTSD treatment developed by MAPS (non profit) is in stage 3b trials and is predicted to be a 8-10b market (USA) by 2025. The treatment protocol requires multiple therapy sessions and two therapist present for a 7 hour MDMA session. So a large bottleneck will be having enough trained therapist and clinics to administer this labour intensive treatment. + +NM run psychiatric clinics that are gearing towards psychedelic assisted therapy. I've been studying the industry and they are definitely leaders in this new field and have the highly regarded Reid Robinson (MAPS director) as Chief Medical Officer. (Robinson is what drew my attention to NM in the beginning). + +NM clinics have high demand (2 week wait time) and recently expanded from 4 to 8 clinics in Utah with plans for further expansion interstate by the end of the year, towards scaling expedientially nationwide and internationally. + +NMs other arm of the business is as one of the world's first Contract Research Organization for psychedelics. So far six biotech companies (including Janssen and Merck) are paying NM to run clinical trials. + +Last q saw 1.84m revenue generated from 4 clinics, with 1.36m profit. Next q profits should be considerably larger because the highly lucrative CRO side of the business has only just really begun. + +NM have 9m cash and cash equivalents, 33.6m market cap, no debt, good revenue, small float, high inside ownership (32 percent), no drug development (derisked). Management is sound (some excannabis types but nothing shady) and have a proven history of scaling businesses. Burn rate is low and they have been following through on plans. + +Bear case- it is a micro cap that has been shorted heavily but has found a bottom around .90CD +What are others? Please tell me. I'm confused by how cheap this stock is. +(I don't believe psychedelic assisted therapy not get approved is a valid bear case, going by the research). + +I plan on holding for 3-5 years. There is every reason to believe NM will grow to a multi billion cap. + +Edited to correct financials. +WARNING: Opinions you may not like follow. + +You can beat the market as an individual value investor. In fact you have some significant advantages over professionals that make it far easier. All it takes is an adherence to true value investing, which means doing research, limiting your biases, estimating intrinsic values, requiring moats or catalysts, and only buying when your margin of safety is so large it makes it obvious. But too often on this forum I see members focusing on the wrong things, and not doing the critically necessary tasks. + +Things that will not help you beat the market + +1) Following the crowd + +Too often investors on this forum buy huge cap stocks like AAPL, INTC, GOOG, MSFT and even BRK because their mass acceptance makes them feel safe. Huge cap stocks aren't safer, they are more efficiently priced because they can be owned by every fund, are covered by dozens of analysts, and researched by professionals who can afford to spend millions on proprietary research interviewing customers, analyzing technologies etc. You have your smallest edge in these markets. + +2) Cloning other great investors + +It doesn't matter if something is owned by Buffett, Burry or Munger, or even all three. You don't know why they bought the stock, and you not only will get in later but you'll only find out when they exit months after the fact. SuperInvestors very success have given them massive handcuffs that force them to buy large cap stocks and miss out on the better values in smaller caps they built their reputations buying. To be a good value investor means thinking independently, and doing your own research. + +3) Running DCFs + +You don't have to run a single DCF to be a great value investor, Buffett never does. It's only important that you have run enough example DCFs at some point to understand how growth rates, terminal values, and interest rates affect valuations. Once you've done that you should know all you need to know about DCFs. Appying them to real businesses is worshipping at the altar of false precision. You'll never really know future growth and terminal rates. All you need to know is whether they are obviously cheap or not. + +4) Looking at pricing trends and technicals + +If you are allowing technical indicators to affect your buying decisions, you just aren't a value investor, you are a speculator. Passing up on one of your best ideas at a big margin of safety because the 200 day meaningless trend tells you it "might" get cheaper is really dumb. Holding on to a position past it's intrinsic value is just gambling. + +What will help you? + +What you need to do is focus on using your advantages to give you your biggest margins of safety and highest returns. Your biggest advantage is you can buy virtually any public stock, regardless of liquidity or market cap. You can buy things that a Wall Street professional wishes they could, but can't. + +I'm going to give you one example of whats possible. This person has invested part time, they clearly do their own research, and do a great job at it. I don't know who they are (and I kindof hate them given they are so clearly better than me), but look at their results and their research and look at what they buy. + +[http://clarkstreetvalue.blogspot.com/2021/12/year-end-2021-portfolio-review.html](http://clarkstreetvalue.blogspot.com/2021/12/year-end-2021-portfolio-review.html) + +Its almost entirely small caps and microcaps. This is the same type of value investing that made Burry and Buffett legends. These markets are closed to Burry and Buffett now but they aren't closed to you. +Like a lot of you, the last 2 years has been an extremely eye opening experience in how are markets operate. More specific, how they operate to benefit the few to the detriment of the many. The game truly is rigged, everything is connected, and believe it or not, we are in the end game (not just hype). I will show you what I have discovered, explain exactly how SHF always seem to make money and never lose, the actual mechanics of cellar boxing a company or multiple companies and how they’ve gotten away with it, the connections between the index funds, CToe and Gamesop (why GME had a negative correlation to index funds in the beginning, but now is directly correlated), exactly why GME runs when it does, drops when it does, and finally, the true nature of our chairman’s genius. + +I want to preface this buy saying I am not a financial expert, I’m not a professional writer, I’m a random electrician and I’m writing all of this from a phone. Every cent I own is in GME and while I’m 100% confident in this information, I do not recommend trying to trade on this information. These guys literally own everything and there are no limits to their ability to manipulate price, especially now that it’s almost over. + +Everyone here is aware of the general idea of how cellar boxing works. Shf short a stock to into the ground, using MM’s, Banks, and swaps until they declare bankruptcy. But how exactly do they do it? + + First they need insiders. They need people in key positions to 1) give them the financials before earnings 2) prevent any kind or turnaround or surprises 3) pump the public and retail investors with hope so they keep buying. This is why RC is about action and not just the talk. This is why pretty much the entire C Suite was let go when he took over. + +The next thing they need is a MM. The reasons should be obvious, but they provide the infinite liquidity needed. Third, they need banks. Lots of banks. Probably 80-90% of all major banks are involved. The banks provide the swaps to hide the short positions and more importantly, take the risk off SHF books so they can short even more. + +You’re an owner of a Hedge Fund, with hundreds of billions of dollars under management. You have rich clients paying you a lot of money to beat the index funds. But unless you’re in Congress, how can you consistently do this year in and year out? So you use a strategy that literally cannot go tits up. You have the media, banks, and analysts pump up a company before earnings. This creates the buying pressure. After earnings, you short the stock heavily. This is obvious when you look at the history of GME. The chart goes back till 2002, and without fail, after Earnings, the stock gaps down sometimes 15-30%. You will usually see a flat candle either the day after earnings or a few days later. This is in my opinion, a setup for the swap. You need the price below the 200 day MA and a tight spread between the open and closing price. + +The problem now is you have may have just shorted 25% of the company. You don’t want to buy back in because they would raise the price to fast and also you would take profit, owing taxes. + +So instead you enter into a swap agreement with a bank. Basically, you swap your short position (and the risk), to the bank, and in return you pay interest and more than likely the difference in price of the stock at the end of the contract if it rises. With GME, it looks like those swap contracts were typically 2 years long. This means you unload your short position and can now go long on the stock. You just have to make sure the price is at or under the price when you entered into the swap and under the 200 day MA,at the end of the 2 year cycle. This means the price will always have to trend down in the long run. It will have ups and downs in the short term, but always trending down. They just repeat the cycle. Pump before earnings, then short it down. Offload your shorts with swaps, then repeat. This is how Shitadel for example can show a long position in baby. + + One important detail to understand in spotting these swaps is that the volatility must be kept low or else the bank would require more collateral. On the chart, it’ll look like a very flat candle, and it’s a lot of volume, it’ll have wicks both up and down as they stabilize the price. the % change from the previous day will be very small, typically less than 1%, and sometimes 0, with the spread between open and close typically being less than a few cents. + +[https://imgur.com/a/tNl1k3n](https://imgur.com/a/tNl1k3n) + +[https://imgur.com/a/VwneIaK](https://imgur.com/a/VwneIaK) + +This is an example of a swap rollover from an existing swap contract and a new swap setup after earnings to offload your new shorts. They roll their existing contract on 3/28/18, then shorted it down after Earnings and setup a new swap. Every two years the original swap ends and they must either roll it over or take the short position back (which they never do) + +When it closes they take the short position back on their books. This is bad if you’ve been rolling that swap for almost 20 years and there could be potentially hundreds of millions of shorts on that swap. Here’s an example of a swap positions that does not get rolled and goes back onto the books SHF books: + +2020 Multiple Swap Failures + +[https://imgur.com/a/t82YLfV](https://imgur.com/a/t82YLfV) + +10/07/16 rolled like it was supposed to, but the 10/8 and 10/10 closed out. It’s important to know that if a swap will end on a Sat, it closes on the Friday before, and Sunday it rolls to Monday. Whoever couldn’t roll that swap ( could be multiple) got margin called and was forced to buy them back from the market on 10/8/2020, and 10/9 and other dates. That’s not to say that all 300 million volume was from those swaps but GG did say over 90% of retail orders never hit a lit exchange. Now take a look at the very next day, 10/09/2020. 300 million more in volume. + +2016 Swap Rollovers + +[https://imgur.com/a/ZRaYOqw](https://imgur.com/a/ZRaYOqw) + + +2018 someone messing with HF swap rollover dates setting them up for what happens in late 2020 and January 2021. I will go into the importance of 8/31 and this chart in another post, but suffice to say, the price running above the 200 day moving average is really bad for them when they have to roll a swap as we see in 2020 + + +[https://imgur.com/a/RU45wSl](https://imgur.com/a/RU45wSl) + +[link to part 2](https://www.reddit.com/r/Superstonk/comments/xi04w9/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Hey all + +Asking for a relative. 62 year old male. Limited skills and qualifications. Lowish confidence. Good person. Relatively unfit but not too limited by any means. Failed business with no assets or income. + +Trying to help him with job ideas because he can’t claim the age pension for some years still and needs income. + +Any ideas? + +Cheers +**Here is the DD to support that Short Interest (SI) and Failures to Deliver (FTDs) are still high, and are just being hidden through manipulative derivative strategies.** GameStop is the investment opportunity of a lifetime - both for the coming squeeze and for it's long term potential. + +&#x200B; + +>Part 1. It was consumer sentiment that started the 'sneeze squeeze' last January - *not* hedge funds covering. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis. + +# + +# Part 1: It was consumer sentiment that started the 'Sneeze Squeeze' last January: + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +GameStop had a reported short interest of over 200 million shares by FINRA report in October 2020, and a reported 220% short interest ratio during the January 2021 'sneeze squeeze' (as per Robinhood court documents). Consumer sentiment had picked up on a potential turn-around for GameStop, and there was raising awareness through social media of the potential for a short squeeze. Investor demand for $GME increased, resulting in rapid price appreciation. Market participants short $GME attempted to start covering their positions, further driving the price up. $GME would hit an all time high of $483.00 on January 28, 2001, only to decline once Brokers shut off the opportunity for retail investors to buy $GME. The Securities and Exchange Commission would investigate this as a follow up to the Congressional hearings into this matter, and produce a report that indicated it was consumer sentiment - not shorts covering - that started the squeeze. + +**SEC GME REPORT: The Securities and Exchange Commission Report: Shorts didn't cover:** **\[Full credit to (** [**u/WhatCanIMakeToday/**](https://www.reddit.com/user/WhatCanIMakeToday/) **for the charts and comments for this section\].** + +https://preview.redd.it/l08ypggt4qp81.png?width=960&format=png&auto=webp&s=fbddbfa80161632d53ccffe108dbfc90a96e10c7 + +The Shorts tried to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several "Oh Shit" moments. Ultimately, investors realized what was going on and piled in (FOMO). Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times. The pink short seller buy volume is puny compared to the overall blue color for overall buy volume. + +https://preview.redd.it/i9d3r2nv4qp81.png?width=1740&format=png&auto=webp&s=d64f422f55ec22db789260e027b944034945da1d + +https://preview.redd.it/aenj8mrx4qp81.png?width=1770&format=png&auto=webp&s=aebba8534ff8ff1ed06dfaf8f08c2c6cd8f5ec73 + +***This is why the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"****.* + +# Estimating short positions closed Jan 19th to Feb 5th: + +A great post from [u/dubaicurious](https://www.reddit.com/user/dubaicurious/) estimating 29 million total shares covered during the period January 19th to February 5th. It is also important to note, and what many fail to remember, is that this number (click to reveal)>!needs to be offset against the new internalized short positions that were being created!< during this same time frame: + +[https://www.reddit.com/r/Superstonk/comments/qbgp98/i\_counted\_the\_pixels\_on\_figure\_6\_on\_the\_sec/](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) + +Internalized short positions: + +In a quote from this interview with Interactive Brokers' CEO Thomas Peterffy discussing the brokerages preventing buying but allowing selling of GME on January 28th (which exposed a systemic risk in our markets): + +"If the call options (150 million) had been exercised ***the shorts would have had to deliver 270 million shares***, while only 50 million shares existed." + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +See other DD related to internalizing of shares in the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# + +# Part 2: Short positions were not closed. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. + +**The options scam (derivative manipulation):** + +This is an excerpt from an article by Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism: How the GameStop Hustle Worked, June 22, 2021. + +Read the full article here: [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +*Excerpts addressing SI & FTDs:* + +Under SEC rules, shares of companies that fail to deliver in the previous five trading days are put on a “[threshold list](https://www.nyse.com/regulation/threshold-securities).” GameStop’s first date on this list was September 22, 2020. + +Shares failed in massive numbers in the following months, leading to GameStop being put on the threshold list for 39 days between December 8 and February 3, with hundreds of millions of shares failing to deliver. + +https://preview.redd.it/ja9gxuul5qp81.png?width=1050&format=png&auto=webp&s=1435ec5947ad7a838b33ea2c2c201dac089dbee0 + +How could GME be on the list for so long? Regulators have the authority to find out which brokers failed to deliver, facilitating naked shorts. But the DTCC has historically beaten back attempts to reveal naked short selling culprits, or even to tag “borrowed” shares (called the *hard borrow*) so they can’t be “located” more than once. I’ve written previously about how DTCC [pulled back](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) on backing a centralized database that would prevent the same shares from being used for multiple short sales. + +“There is no lawful way for a stock to be on the threshold list for months,” said John Welborn, who teaches economics at Dartmouth. “The only explanation is regulatory apathy, or worse.” Because compliant regulators choose not to track shorts, traders can engage in mischief. + +An obvious sign of market manipulation is massive *short interest*, the number of shares that have been sold short but not yet covered. + +[u/rainforest11](https://www.reddit.com/u/rainforest11/) of Superstonk explained that FINRA reported short interest at 226 percent of total float at the height of the GME frenzy in January. This means that more than twice as many shares as exist in reality had been sold short at one point. As late as January 28, it was reported by S3, a market data company, to be 122 percent. + +It’s important to note that only the SEC and the DTCC can get the trading documents that would show proof of any fraudulent scheme. But the Superstonk users, through publicly available data, detected patterns that make a strong case at least to investigate the matter. + +New put option contracts after the end of January represented more than 300 percent of shares outstanding, more than 200 million shares. “Melvin Capital, which lost 50 percent of its value, had 6 million shares in puts,” said [u/broccaaa](https://www.reddit.com/u/broccaaa/). This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” + +# Table below: " Put options open interest spiked to enough contracts to cover 300% of outstanding shares at the exact time that reported Short Interest (SI) and Failures to Deliver (FTDs) decreased". + +https://preview.redd.it/efalu1yn5qp81.png?width=1050&format=png&auto=webp&s=f229071b190fc649bc7ab38bc1a0410d0dc6d630 + +As [u/broccaaa](https://www.reddit.com/u/broccaaa/) says, “This spike coincides perfectly with the drop in reported short interest and FTDs.” He sees it as “the most damning evidence of massive manipulation.” + +The options scam can also reset the clock on fails to deliver. Remember that short sellers have two days to locate a stock to prevent an FTD; market makers and other authorized participants may have up to six days. The SEC [explained a trading strategy](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) known as “buy-write” in a 2013 paper. As [Investopedia explains](https://www.investopedia.com/terms/b/buy-write.asp), ***“A buy-write is an options trading strategy where an investor buys a security, usually a stock, with options available on it and simultaneously writes (sells) a call option on that security.” This recycling of positions shows as a new transaction, so the short sale timer is reset. And the trader may never deliver the shares, because he can roll over the trades and do the deal over and over.*** + +GME short positions could also be hidden in exchange-traded funds (ETFs), a basket of stocks similar to a mutual fund. [u/broccaaa](https://www.reddit.com/u/broccaaa/)’s research shows that fails to deliver migrated from GME to ETFs in January 2021. The total value of reported short interest (GME + ETFs) remained as high as ever, at over $27 billion owed. + +# Ongoing manipulation: + +Subsequent to the above option manipulation having been identified by [u/broccaaa](https://www.reddit.com/u/broccaaa/), there is plenty of other DD posts that identify and support that ***a variety of derivative strategies - in conjunction with other illegal, unethical, unfair, deceptive, abusive, and anticompetitive business practices - continue to be used to manipulate $GME.*** + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) + +This is a great Fail to Deliver (FTD) post to read or revisit: [https://www.reddit.com/r/Superstonk/comments/qdp9c6/the\_everything\_fails\_to\_deliver\_dd\_part\_2\_lets/](https://www.reddit.com/r/Superstonk/comments/qdp9c6/the_everything_fails_to_deliver_dd_part_2_lets/) + +***Estimating Retail Share Ownership***\*\*:\*\* Excludes Institutional, Insider or other types of ownership). + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/) + +***Media manipulation***: Ask yourself, why has the media been so intent on communicating the shorts have covered and that GameStop is a poor investment choice – for 14 months straight!? Why are they so concerned to advertise and advise against this company? [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +***Wall Street veteran*** Charles Gradante calls out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +***Reddit DD Library***: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# Short Interest (SI) reporting is now calculated differently: + +**Also important to note is that the way Short Interest (SI) is calculated has been changed. Today's reported SI can now no longer exceed 100%:** + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***,. The implication in their calculation is that every short share has located a borrow. They believe that simply because it's illegal, naked shorting cannot be happening. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** [u/DecentralizeCosmos](https://www.reddit.com/u/DecentralizeCosmos/) + +https://preview.redd.it/qa4s5q5u5qp81.png?width=640&format=png&auto=webp&s=83b6924ccc41908e630d401bdb775890d11683f1 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +# Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs. This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +Market Makers (MM) like Citadel have to accept all buys and sells, and get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +It is important to note that the FINRA fines are generally extremely nominal relative to the profit made by these ‘reporting oversights’; and many refer to these nominal fines as just ‘The Cost of Doing Business’. Retail investors are advocating for change to the fines to make them more of a deterrence and would like to see the fines administered equal to, at a minimum, the profit made from these behaviours. Additional fines and the threat of jail time or revocation of the ability to legally short sell would provide an even greater deterrent. + +&#x200B; + +# Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis: + +https://preview.redd.it/sm3wdo9x5qp81.png?width=750&format=png&auto=webp&s=7d4c3a1ea05dbfbad1b2e753d19cce2e7b16bf1b + +GameStop has approximately 76 million shares issued, yet had approximately 220% of it’s tradeable float outstanding in January 2021 (FINRA short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this affirms that counterfeit shares have been created and exist illegally. DD supports that the short interest has been manipulated and hidden through derivative strategies such as options, swaps, leaps and futures; and that the true short interest could now realistically be sitting higher than 300%. Plus, DD illustrates how market participants are manipulating and attempting to control the price of GME through continued shorting, high frequency trading, controlling the media narrative, internalized trades, and other manipulative trading strategies. \[Note: *None* of this DD has been debunked, and much of it is evidenced by previously documented official complaints to the SEC, along with reports from the SEC, citing similar strategies used in the past against other companies.\] + +GameStop’s business’ fundamentals have improved dramatically with net sales of $6.011 billion for fiscal year 2021, an 18% increase compared to $5.090 billion for fiscal year 2020. They have expanded their product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware; made significant and long-term investments in the Company’s fulfillment network, systems and teams; and have established new offices in Seattle Washington and Boston Massachusetts, which are technology hub talent markets. + +Since the ‘Sneeze Squeeze’, Gamestop has attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from thriving tech companies like Chewie and Amazon. They now have a balance sheet of around $1.27 billion in cash with virtually no debt, and with Ryan Cohen as the new Chairman and a new technology focused board of directors, GameStop now has a unified leadership fully committed to two long term goals: ‘Delighting Customers & Delivering Value for Stockholders’. + +GameStop is the largest video game retailer worldwide; They have undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. To date, GameStop has announced partnerships with Loopring and Immutable X, and GameStop's NFT Marketplace has been announced for launch by the end of Q2 2022. + +The Marketplace will be powered by Loopring L2. GameStop, in partnership with Loopring, has the opportunity to cement itself at the forefront of this new paradigm and become the destination for global digital economies. Immutable X is the back end of GameStop's marketplace, helping create NFTs and to bring onboard hundreds or thousands of game studios using their $100 million joint fund to build on the new technology platform ([https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s](https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s)). This partnership outlines a 2 year milestone objective of $1.5 billion and $3.0 billion in combined primary sales and secondary market sales transactions within 24 months of launch. + +Gamestop already has the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As it moves forward with its ecommerce and NFT marketplace the potential for this company rivals market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). GameStop has a huge advantage over startup tech-companies as it enters the ecommerce metaverse, ‘quietly making their actions speak louder than words’. GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. + +The current price of $GME is demonstrably manipulated and significantly undervalued. \[This is a [*current intrinsic value analysis*](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). Note: There are several methods for valuing a company, and analyst values will vary.\] *Simply put - the price of $GME is wrong* \- and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +&#x200B; + +***Edit addendum:*** + +*GameStop NFT Marketplace DD and assumptions:* [https://www.reddit.com/r/Superstonk/comments/skrm0s/nft\_market\_dd\_update/](https://www.reddit.com/r/Superstonk/comments/skrm0s/nft_market_dd_update/) + +[https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops\_nft\_marketplace\_is\_the\_gateway\_to/](https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops_nft_marketplace_is_the_gateway_to/) + +&#x200B; + +\--------------------------------- + +**Reddit Library of Due Diligence, Art Books, and Periodicals**: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +GameStop’s e-commerce NFT Marketplace; NFTS and Blockchain + +GameStop’s transformation, fundamentals, and prospects + +How Hedge Funds bet against you using 13F and derivatives + +Darkpools, Payment for order flow (PFOF) & Internalizing trades + +Naked short selling (illegal, but rampant in our financial markets) + +Direct Registration of Shares (DRS) - Removing shares from the DTCC and preventing the manipulation + +The GME MOASS & Infinity squeeze theology + +ETFs, FTDs (Fail to Deliver) and Short Interest + +The derivatives market and how 2008 is repeating itself + +Shareholder proposals + +The Federal Reserve and their recent 11.23 trillion dollar bail out of banks and their derivatives exposure + +Ask Me Anything (AMA) Videos and transcripts with industry professionals + +&#x200B; + +***Other References:*** + +Gaming Wall Street producer interview about the market manipulation and criminal activity surrounding GameStop: [https://youtu.be/zZMKpcn4FSk](https://youtu.be/zZMKpcn4FSk) | [https://gamingwallstreet.org](https://gamingwallstreet.org) + +How People \[Wall Street\] Cheat The Stock Market | The Problem With Jon Stewart Podcast | [https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ](https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ) + +&#x200B; + +Market reform advocacy led by you, for you [https://www.urvin.finance/advocacy](https://www.urvin.finance/advocacy) + +&#x200B; + + Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed decision that is right for you. + +DISCLAIMER \*\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\* + +&#x200B; + +*Edit 3-30 in progress: Updating Part 3, adding commentary on GameStop Marketplace information with details on Loopring and Immutable X partnership.* + +&#x200B; + +>***Call for support. Please comment or link any posts that highlight:*** +> +>(i) the current estimated *tradeable* float: \[Issued shares, Diluted Issued Shares less - 'Insider holdings, ETFs, Funds, Directly Registered Shares (DRS)\] +> +>(ii) Gamestop analytic comparisons and assumptions: Looking for analytics for *Retail and Ecommerce* considerations and competitive comparisons and projections \[Current GME - Price/Sales: 2.15 | Price/Book Value: 8.48 | Price/Tangible Book Value: 8.54 | Price/Cash:10.63 | Price/Working Capital: 10.92\] + +&#x200B; +I’m pretty sure the answer is yes, but I am trying to understand her position and if she is royalty taking advantage of me or not. + +We separated in September 2020 and I moved out. We joint owned a house. +I’ve been paying to full mortgage since. +She refused to sell the house so I was forced to take out a new mortgage and continue paying it or lose my credit rating. +She also took me through child maintenance. + +I pay each month: +- £697 mortgage +- £629 child maintenance + +She is working 24hours a week on about minimum wage. +She is claiming universal credit, of how much I am unsure. + +She pays for our youngest to go to nursery, 2/3 days a week. + +She is often telling me how she is broke, struggling and in debt, but when I do some rough maths, she seems to have a lot more free cash than I’m left with. + +I can’t even afford to rent with my current outgoings, I am living with my parents. I’m 38. + +I am in the process of applying to court for an order of sale for our joint owned house. +There’s about £110k equity in it. +She says she doesn’t want to live there but she just kicks the can down the road and makes no effort to discuss selling it and I fear I’ll be forced to renew another mortgage. + +What are your thoughts? Obviously there are two kids in the middle of this who must come first. + +She will need to prove why she can’t sell the house and find somewhere to live with £55k in her bank. Oh, having that much cash will also put her over the threshold for claiming universal credit. + +Thoughts? + +Thanks + +Edit, to add some additional information mentioned in comments: +My ex and I were not married. +My salary is £73k package: +After student loan, pension (10%), salary sacrifice (medical for me and the kids) take home is £3452 +Notable expenses are: +- Mortgage for ex and kids: £697 +- Child maintenance: £629 +- Car loan: £300 +- Credit card: £400 (largely renovation costs from property we bought, new central heating, windows, etc) +- Fuel, car tax, life ins, phone etc £150 +- Gestural rent to parents: £150 +That leaves me with around £1120 +There is no way that will get me a 2 bed to rent around where I live (Somerset) and have money for bills and food. + +I have the kids every other weekend and each Thursday afternoon inbetween, however often have them for additional weekends. 80% of my work holiday I put towards have kids during half terms and holidays. + +Kids are 3 and 5 (just) one in school, the other in nursery 2/3 days. + There’s a new party on the block, one you don’t want to be late to. 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Party as one, in a PolkaParty ($POLP) + +**Total Supply-** 200,000,000 + +**Market Cap-** Under 1 million + +&#x200B; + +**Relevant links-** + +Discord- [https://discord.gg/aB5rrxXf](https://discord.gg/aB5rrxXf) + +Telegram- [https://t.me/PolkaParty](https://t.me/PolkaParty) + +Website- [https://polkaparty.io](https://polkaparty.io) + +Whitepaper- [https://polkaparty.gitbook.io/polkaparty/](https://polkaparty.gitbook.io/polkaparty/) + + +MyPayRollHR, a payroll processing provider with about 4,000 small to mid-sized business customers, suddenly closed late last week. In response, the banking system went haywire and began taking funds from employees at many of these firms. Previously deposited pay was removed from their personal banking accounts, or "reversed." Not once, but twice and there are reports that these withdrawals happened continuously. The checking account of one employee of an animal rescue facility was pinged for nearly $1 million. [Her account shows a negative $999,193.75](https://searchhrsoftware.techtarget.com/news/252470457/MyPayrollHR-collapse-stirs-allegations-questions-anger). +$Direwolf is the first and only wolf memecoin and it has a sick design! Growing fast, definitely an amazing moonshot memecoin (in my opinion, that's why I bought it - just check out all the links below and tell me I'm wrong!) + +The chart looks amazing, 3000 holders in the first 3 days with memes aplenty. Did well in yesterdays bloodbath: + +Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0xd57717362ea0be73e516e5c1b12849db01b9243f](https://www.dextools.io/app/uniswap/pair-explorer/0xd57717362ea0be73e516e5c1b12849db01b9243f) + +We started with a $100,000 USD liquidity pool on Uniswap then renounced full ownership of the token contract, verified the contract source code and have burned the liquidity pool tokens to make a rugpull impossible. + +Telegram: [https://t.me/direwolftoken](https://t.me/direwolftoken) + +Twitter : [https://twitter.com/direwolftoken](https://twitter.com/direwolftoken) + +Website : [https://direwolftoken.com/](https://direwolftoken.com/) + +🔗 Buy on Uniswap : + +[https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xbdea5bb640dbfc4593809deec5cdb8f99b704cd2&exactAmount=1](https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xbdea5bb640dbfc4593809deec5cdb8f99b704cd2&exactAmount=1) + +It's been trending on dextools since day one and the volume is consistently around $4 to $5 mil. + +Game of Thrones memes are making a comeback with this. + +The total supply is 1 Quintillion tokens. That is 1,000,000,000,000,000,000 tokens with a precision of 2 decimals. + +70% is burned meaning only 30% in circulation. + +Check out etherscan to verify here: [https://etherscan.io/token/0xbdea5bb640dbfc4593809deec5cdb8f99b704cd2#balances](https://etherscan.io/token/0xbdea5bb640dbfc4593809deec5cdb8f99b704cd2#balances) + +LOCKED LIQUIDITY, check here : + +[https://unicrypt.network/amm/uni/pair/0xd57717362ea0be73e516e5c1b12849db01b9243f](https://unicrypt.network/amm/uni/pair/0xd57717362ea0be73e516e5c1b12849db01b9243f) + +RENOUNCED OWNERSHIP, check here : + +[https://etherscan.io/tx/0x37dffee974fc737de179957ce32be4d11e95422606996b5185b4bac52129faa0](https://etherscan.io/tx/0x37dffee974fc737de179957ce32be4d11e95422606996b5185b4bac52129faa0) + +LOCKED MARKETING FUND, check here : + +[https://team.finance/view-coin/0xBdea5bB640DBFC4593809DEeC5CdB8F99b704Cd2?name=Direwolftoken.com&symbol=DIREWOLF](https://team.finance/view-coin/0xBdea5bB640DBFC4593809DEeC5CdB8F99b704Cd2?name=Direwolftoken.com&symbol=DIREWOLF) + +Of every transaction made, either a buy or sell transaction, a 2% is redistributed to all holders. + +The token contract is 0xbdea5bb640dbfc4593809deec5cdb8f99b704cd2 and the token symbol is $DIREWOLF. + +Join the Direwolf Army Now [https://www.reddit.com/r/DirewolfArmy/](https://www.reddit.com/r/DirewolfArmy/) + +(not financial advice, do your own research) +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. +*Edit 1 : Complaint filed with the SEC.* + +[There it is.](https://preview.redd.it/5iqrb9zqh8o81.png?width=948&format=png&auto=webp&s=97027bccd47d4c35584ed9ed3464ce63b9fc5a79) + +[Let's see if this works.](https://preview.redd.it/plduz14bq7o81.png?width=1502&format=png&auto=webp&s=d4dc9a2072fcc0933295995770bd7fbbae0c58e0) + +Dear SEC and Chair Gensler, + +Today (March 18, 2022) unknown parties AGAIN took advantage of the ridiculous deem to own garbage to satisfy their FTD obligations. + +175,000 shares of GME were traded in a dark pool at the mid price against a synthetic forward option trade of 1,750 puts and 1,750 calls. **A TRADE OF 175,000 SHARES DID NOT EVEN AFFECT THE PRICE ONE CENT!** + +&#x200B; + +[Code 7v stands for derivatively priced trade \(against the options below\)](https://preview.redd.it/4rf3n96y87o81.png?width=610&format=png&auto=webp&s=ec5d53b2e68d7cec17e3caecbbc28523ebd60564) + +These shares were used to satisfy the obligation and the options contracts were closed just 5 minutes later. + +[All it takes is 5 minutes.](https://preview.redd.it/it6sgoc6a7o81.png?width=696&format=png&auto=webp&s=e29e081454b54b2d83efdf1f602972233fa105b6) + +**HOW MUCH LONGER WILL YOU ALLOW THIS NONSENSE TO CONTINUE?** + +Instead of asking retail investors for recommendations, how about you do your job? You have TEAMS AND TEAMS of lawyers and investigators working for you AND you have extensive finance and regulation background as a former Goldman Sachs executive and the chair of the CFTC. **You don't need to know what I think. You already know what the problem is. You need to do your job and fix this!** + +This is dangerous to the stock market and it is your job as the SEC to protect it. It is part of your mandate. This is not up to me, retail investors or Elon Musk on Twitter. This is your responsibility. + +[The insane movement you see on the blue and orange lines are the call delta mooning when the options were opened and the put delta crashing. Then the opposite happens when the contracts are closed. ](https://preview.redd.it/tdpqnoibb7o81.png?width=1105&format=png&auto=webp&s=c8f3865b26f25e996cf12d0a905e1b63f19fb4e0) + +All of this happened on a day when two major brokerages declared that there were no shares of GME available to be sold short. + +[Fidelity: No shares.](https://preview.redd.it/wkek4vj5c7o81.png?width=429&format=png&auto=webp&s=ec0322a79437666f39b8345c5dfbac590e427cdc) + +&#x200B; + +[IBKR : No shares.](https://preview.redd.it/j4k1xz08c7o81.png?width=500&format=png&auto=webp&s=52c0617003aab7012268b18b004334c93b38ce8e) + +If you're asking me for recommendations, if I have to tell you these things, then I might as well be the chair of the SEC. + +Honestly, I could use the salary. I need to buy a stock I like. + +&#x200B; + +Best regards, + +A Concerned Investor +# Disclosure of a financial system which hides naked shorts by deleting shareholder votes. + +# TLDR + +**Broadridge** **detects over-reporting and provides early warning to the DTCC, DTCC is the black box which obfuscates operational naked shorts, Computershare does final touch-ups on shareholder votes to ensure no more than 100% of issued shares are voted.** + +**Broadridge points the finger at tabulators. Tabulators point the finger at SEC and Broadridge.** + +# TADR + +**They spent the last 20 years developing a system to hide naked shorts by rigging the shareholder voting system.** + +# Preface + +On Jun 9, 2021 GME revealed [55,541,279 votes were tabulated for their 8-K Filing](https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709). The results are as follows: + +https://preview.redd.it/61y4lpfoef471.png?width=861&format=png&auto=webp&s=5b6cf607fce049c7a9d0a0b346f91acc9c18e128 + +There are some discrepancies as to whether this report is an accurate reflection of the total votes submitted by shareholders. In this article, we explore how those discrepancies should be further investigated, and we allude to the system which hides naked shorts by refusing to disclose the true sum of shareholder votes. + +For our purposes, some financial vocabulary: + +* **Over-Reporting:** Votes that would exceed the count are not forwarded to a tabulator. +* **Omnibus Proxy:** Holder of record is self-regulated. +* **Over-Voting:** Votes accepted by tabulators which exceed count are determined to be invalid. +* **Broker Search:** AKA “notice and inquiry,” a SEC-mandated process whereby brokers, banks and other intermediaries are contacted to determine how many annual reports and proxy statements will need to be printed. Usually initiated 70 business days prior to record date. +* **Record Date:** Companies send proxy statements to a list of the shareholders who held the stock on the “annual meeting record date.” This date is usually set 50 days before the annual meeting. + +# Chapter 1: Enter GME's Transfer Agent, Computershare + +From the [GME Proxy Materials](https://news.gamestop.com/node/18846/html): + +>We have engaged Computershare, our transfer agent, as our inspector of elections to receive and tabulate votes. Computershare will separately tabulate “for” and “against” votes, abstentions and broker non-votes. Computershare will also certify the results and determine the existence of a quorum and the validity of proxies and ballots. + +https://preview.redd.it/qamsbbitef471.png?width=423&format=png&auto=webp&s=a78c907c8b584d864d207f8a50c953c96ab7e49e + +Computershare is a global market leader in transfer agency, employee equity plans, proxy solicitation, stakeholder communications, and other diversified financial and governance services. Many of the world’s leading organizations use Computershare’s services to help maximize the value of relationships with their investors, employees, creditors, members and customers + +Now, Computershare is interesting because they provide real-time proxy reporting features and minute-by-minute results which allow Ryan Cohen and team to monitor changes in overall voting positions 24/7. Basically, they keep board members one-step ahead of the voting results. + +It is critical to note that tabulators do not permit actual over-voting at the meeting: voting is reconciled prior to the meeting to ensure that no more than 100% of issued shares are voted. It sounds shady because it is. But not for the reasons you think. Let's dive in. + +In 2019, [Computershare wrote a love letter to the SEC](https://www.computershare.com/News/SEC%20File%20No.%204-725%20US%20Proxy%20Reform%20Submission%20Post%202018%20Roundtable.pdf): + +https://preview.redd.it/u8yooen2ff471.png?width=802&format=png&auto=webp&s=78b81b95eb27af0b6603a3e51cd0ad85fc121dce + +So, given this context, we know that Computershare is well aware that votes aren't counted. In fact, they're involved in the trimming process. But only at the tail end, and they do it for compliance purposes. Remember, this is a vendor selected by GME and trimming the votes is a generally accepted practice since no one can make sense of fuckall shares in the world. + +https://preview.redd.it/ru5d8r9chf471.png?width=723&format=png&auto=webp&s=5e80789381266464f30d0858ab7b617bf979e174 + +# Chapter 2: Computershare describes the Shareholder Voting Process + +Diagrams are borrowed from this [ComputerShare White Paper](https://cdn.ymaws.com/stai.org/resource/resmgr/ta_overview_whitepaper_compu.pdf) + +https://preview.redd.it/c9t5r7mjff471.png?width=549&format=png&auto=webp&s=5933c8b7e8bec78359126a245938027965c42ff4 + +Notice that Computershare does not collect the votes, they are merely the Transfer Agent and Tabulator. Computershare might also provide some solicitation and fact-gathering services for GME. But the actual security positions and proxy distribution are performed by the DTCC and a company called Broadridge. + +https://preview.redd.it/iwd1rv7lff471.png?width=765&format=png&auto=webp&s=55dc15ae500459146ac22aa21f6df5ebd3581793 + +Ah, our good friend CEDE & Co, I was wondering when you'd make it to the party. Fashionably late yet arrived just in time to relieve us of our voting authority. Generous of you. Have you had any luck self-regulating today? + +https://preview.redd.it/1v9zob14gf471.png?width=764&format=png&auto=webp&s=aa83e34fa75a1a355a719bc90ef4fa165c7ce15a + +Evidently, typing "Over Reporting Prevention Service" into the Broadridge search tool turns up 2000+ results. That is a lot of over reporting prevention! All jokes aside, they are the BEST at preventing naked shorts from showing up in those pesky shareholder votes. + +I hope to learn more soon, in the meantime can you tell me how it works? + +https://preview.redd.it/lwomow82gf471.png?width=761&format=png&auto=webp&s=49f9e46978e09edff48711b87ac51ef85bc6647a + +So Broadridge is sending Alerts to an intermediary before the votes can reach the tabulator. How often is that intermediary your broker? How often is it the DTCC? What an interesting quandary. Look at all these red flags they hoped you wouldn't see. + +https://preview.redd.it/u3jgtj79gf471.png?width=1040&format=png&auto=webp&s=e600ce3168fb72bb14b2f86dd7046929b7d614cd + +# Chapter 3: A brief intermission with The Securities Transfer Association + +https://preview.redd.it/zc756z8vff471.png?width=110&format=png&auto=webp&s=1ed711fffced4aa0e54345bc7b46d7143b389a90 + +The Securities Transfer Association (“STA”) appreciates the opportunity to submit this letter in anticipation of the SEC’s upcoming Roundtable on the Proxy Process. Founded in 1911, the STA is the professional association of transfer agents and represents more than 130 commercial stock transfer agents, bond agents, mutual fund agents, and related service providers within the United States and Canada. + +So here's a fun time: (Hint, [More Letters to the SEC](https://www.sec.gov/comments/4-725/4725-4530590-176075.pdf)) + +https://preview.redd.it/rtcsgagzgf471.png?width=632&format=png&auto=webp&s=89c55c927dbca8305326e92ce3f52d1676c8dc45 + +So, you're telling me that with all the advanced early warning detection systems in place by Broadridge^(®) and the DTCC, hedgies are so fuk that nobody in the financial sector can produce a fully reconciled report to the tabulator? (Remember, 178 million shares is the number that slipped past the DTCC-Broadridge^(®) Fail Safes in this particular sample size.) + +https://preview.redd.it/p19lglkdgf471.png?width=474&format=png&auto=webp&s=ead4740bd1bf0075d6926dfc3a5c6e812a2de634 + +&#x200B; + +But don't worry, we've got the DTCC on speed dial, and they say it's all good, except for 134 / 757th's of the time. + +# Chapter 4: Let's Tabulate Anyway + +And only because we have to. + +https://preview.redd.it/xayhdh8rjf471.png?width=556&format=png&auto=webp&s=33d01025db03e22db7968e192b67384bff966bbe + +So you, the beneficial owner, return your voting instructions to your broker, but it actually gets routed to Broadridge^(®). You have no confirmation whether your vote will actually be submitted. + +Now, I added this hypothetical step here which indicates the Over-Reporting Prevention and Alert System. I could be mistaken and it actually goes to the Brokers and Banks, but that implies more executives are on the take for concealing operational naked shorts. Let's start small and stick with the u/atobitt House of Cards III theory that the DTCC enforcement division is sitting in a dark room repeatedly pressing their F3-keys. + +# POP QUIZ + +With the over-reporting alerts on hand, the DTCC attempts to: + +* A) reconcile the over-reporting +* B) lookup the record date +* C) give up because it can't be reconciled +* D) delete the votes + +˙ʇɔǝɹɹoɔ ǝɹɐ noʎ 'ǝʌoqɐ ǝɥʇ ɟo llɐ pǝɹǝʍsuɐ noʎ ɟI + +https://preview.redd.it/marvxuyfgf471.png?width=474&format=png&auto=webp&s=44b7c6a06dc85b48d596bcd056f1a783f7e44dda + +So now, the tabulator receives a doctored report, and it's mostly nice! There are shareholders and names and dates and it all pretty much adds up to some really neat corporate governance that's sort of true and even useful! + +The Tabulator tallies it all up and checks their list twice. They might report some discrepancies to the board and warn them of strange anomalies, but what are you gonna do? You got a company to run. + +# Chapter 5: Okay, now Broadridge + +https://preview.redd.it/0v5befyggf471.png?width=310&format=png&auto=webp&s=eb5342d5ad3688fee95627ea16f3a7e13b6672c5 + +Broadridge Financial Solutions is a public corporate services company founded in 2007 as a spin-off from Automatic Data Processing. The main business of Broadridge is as a service provider supplying public companies with proxy statements, annual reports and other financial documents, and shareholder communications solutions, such as virtual annual meetings. + +The neat thing about Broadridge is they're kind of like the Robin Hood of Proxy Voting. With a track record of innovation, they're [really good at collecting those votes!](https://lautorite.qc.ca/fileadmin/lautorite/consultations/commentaires/valeurs-mobilieres/2013-11-13/broadridge.pdf) + +https://preview.redd.it/t7qkghgjgf471.png?width=786&format=png&auto=webp&s=62348e9e05693dfc5c042ab2453ddda6aecba93a + +They're also really good at blaming everyone else: + +>Given these facts, we suggest that: +> +> To ensure vote integrity and that equitable principles are applied to vote tabulation, the CSA might consider requiring entities who perform vote tabulation to make transparent and publicly available their tabulation processes and related procedures +> +> A review of the DTCC participant position report distribution process may help to ensure that the meeting tabulators are receiving and reconciling all positions for an issuer +> +> Meeting tabulators voluntarily disclose their reconciliation method + +But the innovation didn't stop in 2013, nope! They just kept on Innovating right into 2014! + +https://preview.redd.it/bif3b98lgf471.png?width=831&format=png&auto=webp&s=88a079dce2bc1dac1ce0dc124285b9fc6878424b + +This resulted in a very neat and scalable way to prevent those pesky naked shorts from showing up in the over-reporting column! + +https://preview.redd.it/h51ei0ckgf471.png?width=798&format=png&auto=webp&s=d8df751ebd309fc628397ee20500193be6693e03 + +And now, for the best part: + +https://preview.redd.it/glhujtnrgf471.png?width=763&format=png&auto=webp&s=4a2d26393f057b4386eaeabdf56da901ed1d53ae + +# Chapter 6: Securities and Exchange Commission + +https://preview.redd.it/xz34by8ohf471.png?width=249&format=png&auto=webp&s=83cb9572da5fc82d22cb24917192711047bfb38c + +&#x200B; + +TO BE CONTINUED... +The guys who set out to catalog the various cognitive biases used themselves as the essential data points. They believed that as long as they weren’t insane then the way they saw and reacted to the world should be similar to the way everybody else did too because we all share the same evolutionary hardware. + +So when I think about my own journey since January, when I think about the rage that all the corruption and manipulation by the shfs has engendered in me, when I think about the due diligence showing GME to be a tech turnaround play for the ages, I can confidently assume that all the other apes out there have reacted similarly to those stimuli. + +It’s not just about everybody writing that they’ve been buying more shares the whole time. That’s one data point to take into consideration. But just as important for me is that I know I’ve been buying a ton more the whole time and I know through cognitive psychology that everybody else is enraged by what’s happened like I am and excited about the turnaround like I am, and thus I can confidently infer that those stimuli have caused the same behavior in them as it has in me, to compulsively buy shares of GME without ever selling a single share. +Single female, 30, 1.5M NW. I've been dating a guy for about 6 months, and I'm not sure when I should discuss finances with him. Too soon, and I risk him telling the world if it doesn't work out or maybe him sticking around only because of my wealth (do guys do this?) but waiting too long also kind of feels like I'm hiding this detail of who I am. He knows I want to retire young, and is frugal himself, but I don't think he is as savy with money to understand that retiring young is actually possible. I'm slowly teaching him my ways. + +I'm looking for advice, success stories, or cautionary tales. Thanks. + + +**Edit:*** +Wow! This got popular. Thanks for all the stories and advice. Overall it seems like most people agree that lifestyle/spending habits should be the focus of conversations, and actual numbers can wait until much later in a relationship (engagement, marriage, or other maybe some big life event like a move or a home purchase). + +Lots of conversations about prenups and how they are a super important. + +Also, for those who are curious, I don't have any great advice about how I got here. Without going into more personal details, my own story is pretty boring. Graduate from college, get a high paying job in HCOL area but don't actually inflate your lifestyle (live with roommates, drive old cars) learn to enjoy cheap hobbies, invest in low cost diversified funds, fail at your relationships in your 20s, and you too can be 30 and posting to a finance forum for relationship advice :) +I’ll start: “Being good with money is more about being disciplined than being good at math” + +I’ve met quite a few young people that believe that because they didn’t do well at math in school, they can never be good with money. Even when I tell them of many friends who weren’t good at math, but could save and invest regularly, they just don’t believe it. +From CNBC: + +Delta said it plans to halve its cash burn rate to $50 million a day by the end of the second quarter. + +The airline posted its first quarterly loss in five years as travel demand dried up. + +Financial results of Delta and other carriers are expected to worsen in the second quarter. + +Shares up 2.7% in pre-market. https://www.cnbc.com/2020/04/22/delta-dal-posts-1q20-loss-of-607-million-as-coronavirus-hurts-travel-demand.html +It will be 3 years in May since I gave up Heroin. I have about 7k in debt from about 10 years ago and 2-3k in smaller, more recent debts in collections. I currently make $70k a year with solid benefits. I’ve heard different things from different people and found credit repair websites that make big promises but I would really like to hear from someone who either works in the field or has climbed out of a similar situation first hand. +Thank you Reddit! +A couple of really good reads from Yahoo Finance for people that are staying out of the market because of the high valuations. + +**Valuations don't actually appear to be mean-reverting.** + +[**https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html**](https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html) + +&#x200B; + +**Stock market multiples tell you almost nothing about the next year's returns.** + +[**https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html**](https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html) +This is just like a public service announcement cause it took me totally off-guard. I have a margin account and just use it for thetagang stuff. This morning my phone buzzes because Fidelity closed my PMCC on TSLA, a huge position, to meet a "minimum margin" requirement of $2k. This is even though the PMCC is totally self-secured, and my other options were just a few leaps. + +This is what the CS rep says: spreads have to be done on margin and so I had to have at least $2k in cash or equities and the requirement is regulatory. I found it here: + +[https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib\_marginaccount#:\~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_marginaccount#:~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000) + +This is even though the PMCC and leaps had no margin risk. The PMCC is self-secured because early exercise of the short call (unlikely, but could happen) would just trigger exercise of the leap. The other long options were just lottery tickets. So there was no margin risk, but the requirement is what it is and Fidelity opted to just close whatever position was available to meet the requirement. I'd apparently be out of compliance for 3 weeks but didn't receive any notification or call. + +The rep basically said it was my fault for not reading the fine print! It was extremely frustrating cause they could have let me know, either via message or calling before the forced liquidation (which is pretty stressful to see on one's account randomly). They could also not let me enter into the transaction that dropped the account below $2k, but no. + +Anyway, just thought if someone sees this it might avoid a similar situation. The only saving grace was that TSLA was in free-fall this morning. I actually re-entered almost the same spread and avoided some of the pain. +EPFO hasn't paid interest for previous year yet - isn't that a loss as you would loose cumulative interest ? This is bad also for the people who are doing VPF isn't - (something i wanted to check as an avenue). + +[https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece](https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece) + +Have people received it ? +Some of you may have missed this story but I was digging into it because of a conversation I had with someone about the value of investing in [NHAI bonds](https://www.livemint.com/money/personal-finance/invest-in-54-ec-bonds-to-get-exemption-from-tax-on-ltcg-1565718687158.html). + +About a month ago, reports started coming in that the NHAI's financial health was not very good, and that there were definitely ripple effects from the [IL&FS problem](https://www.dnaindia.com/business/report-ilfs-contractors-move-pmo-for-rs-2000-cr-dues-2695482). (See also [this](https://www.newsclick.in/the-curious-connection-between-ILFS-NHAI)) + +Reports suggested an unsustainable amount of debt has ballooned, and that there is not enough revenue to support the NHAI's projects, which may lead to a slowdown in infrastructure development.The CAG had [cautioned](https://www.business-standard.com/article/economy-policy/cag-raises-concerns-over-burgeoning-costs-of-nhai-s-projects-cautions-govt-119082801435_1.html) the government about this as well. E.g. Moneylife [reported](https://www.moneylife.in/article/nhais-giant-liabilities-is-there-a-solution-that-doesnt-tax-us-more/58045.html): + +> "NHAI has reportedly been asked to discontinue construction of roads and monetise assets; this has happened only after NHAI’s debt soared from Rs40,000 crore in 2014 to an unsustainable Rs1.78 lakh crore in 2019 under Mr Gadkari’s watch." + +Some of those news reports indicated that the PMO had directly intervened in the matter, advising NHAI to take two steps: stop constructing roads itself, and encourage private sector takeovers to complete projects. + +> In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI. The letter said the NHAI was “totally logjammed by an unplanned and excessive expansion of roads and it is mandated to pay much higher costs for land acquisition and construction." [[Livemint](https://www.livemint.com/industry/infrastructure/pmo-s-suggestion-to-nhai-stop-building-roads-sell-assets-through-an-invit-1566619682822.html)] + +More about the PMO's concerns here: [Livemint](https://www.livemint.com/market/mark-to-market/road-works-at-risk-as-pmo-differs-with-nhai-on-path-ahead-1567361360908.html); [Business Standard](https://www.business-standard.com/article/economy-policy/nhai-at-a-crossroads-on-debt-servicing-concerned-pmo-raises-red-flags-119083001692_1.html); [TNIE](http://www.newindianexpress.com/business/2019/aug/29/nitin-gadkari-allays-fears-over-nhais-financial-health-after-pmo-letter-2025984.html); [CNBC](https://www.cnbctv18.com/infrastructure/pmo-raps-road-ministry-for-reckless-highway-expansion-nhai-responds-4232001.htm); [Bloomberg Quint](https://www.bloombergquint.com/business/nhai-road-construction-projects-pmo-letter-to-morth-indicates-indias-road-run-to-hit-speed-bump) + +The Union Minister for Road Transport, Mr. Gadkari responded by saying, this note was [only a suggestion](https://www.livemint.com/politics/policy/pmo-s-notes-only-a-suggestion-nhai-will-continue-building-roads-1566915635023.html) and not an order, and that NHAI would continue to build roads. + +Then, suddenly, last week, Mr. Gadkari directly contradicted the PMO, saying that there were no financial issues at NHAI. + +> “The NHAI is not financially stressed," Gadkari said repeatedly. “These media reports on NHAI’s finances being stressed are untrue. You should go by my track record. I have always been able to raise money for projects, be it the Mumbai-Pune Expressway or the Bandra-Worli Sea Link. We have very healthy internal rates of return. There is no problem regarding money," he said. [[Livemint](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html)] + +Additional reports suggested that the PMO letter regarding NHAI was not actually from the PMO, and an official was fired for leaking it on social media. The news reports on this are very strange, because they suggest: + +> Gadkari said a person wrote a 1,300-page letter having suggestions on road projects. On the instructions of Prime Minister Narendra Modi, his Principal Secretary Nripendra Misra forwarded it to nine secretaries to look into the matter, including the roads department secretary. +> "One of our officials uploaded a picture of that (letter) on social media and lot of fake news items got published because of that. We have suspended the official," Gadkari said, replying to a specific question on the financial health of NHAI and its ability to execute projects. [[Business Today](https://www.businesstoday.in/current/economy-politics/official-suspended-over-pmo-letter-on-social-media-nitin-gadkari/story/378274.html)] + +"A person wrote a 1300 page letter" - I find this hard to believe. "A person?" A 1300 page anonymous report on road construction? Whose identity is being protected here? Is this just a case of killing the messenger? + +Then, Mr. Gadkari had [said](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html) that NHAI does not need additional budgetary support, and that their revenue streams are sufficient at the moment. But the NHAI chairman [said that](https://www.business-standard.com/article/economy-policy/will-not-borrow-if-government-allocation-is-increased-nhai-chairman-119090400467_1.html) increased budgetary support would be needed and would be preferable to having more borrowings to support NHAI. + +The SBI may be willing to lend NHAI funds, as well. But despite his confidence about financing, Mr. Gadkari is also saying that we will be paying tolls in [perpetuity](https://www.thehindubusinessline.com/economy/logistics/sbi-mulls-lending-35000-cr-to-nhai-for-highway-projects-rajnish-kumar/article29382101.ece): + +> “The toll collections from these projects are very high; our toll income will increase to about ₹4,000 crore a year when these BOT Toll projects as returned to us at the end of the concession period,” Gadkari stated. + +> “Toll is never going to end. Even after the cost has been recovered from the projects, the toll collection will continue. NHAI getting toll income in perpetuity is a very good proposition,” Gadkari said. + + + +Now the PMO has sought a[ status report](http://www.newindianexpress.com/business/2019/sep/14/pmo-seeks-status-report-on-road-projects-2033448.html) on road projects. Meanwhile, also, the current plan seems to be to revert to the old UPA BOT model: + +> According to a Bloomberg report, the PMO is now making a push to revert to the old model used under Manmohan Singh. NHAI would hand projects to developers via auction. Private builders will then build the roads, collect toll for a pre-agreed period and then transfer the asset back to government when that period expires. [[Economic Times](https://economictimes.indiatimes.com/news/economy/infrastructure/busier-roads-bigger-money-inside-modi-govts-new-road-monetisation-plan/articleshow/71047245.cms)] + +At the same time, additional costs are accumulating, as you can see recently an arbitral tribunal has [ordered NHAI to pay Rs. 750 crore](https://www.thehindubusinessline.com/economy/logistics/arbitrator-asks-nhai-to-pay-750-cr-to-developer-for-delays-in-making-land-clearances-available/article29320029.ece) as a fine for delaying clearances. + +I think that there are two sets of issues here - one is systemic, the other is regarding messaging: + +1) NHAI's financial health is undoubtedly weak, despite the government's divided position on this. + +2) There seems to be no clear resolution proposed how it should be resolved (Build-Operate-Transfer/Inv-IT, increased budgetary allocation, etc). + +This is all that I have been able to gather on the situation - and if anyone has any inputs on what is actually going on, I would appreciate it. +China was the dominant mining force of the world. Dominant is a way that it was starting to become concerning that they hold too much power. 65% of the hashrate. + +Controversies were flying around that BTC is their brain child to dominate the world economy. Well that FUD has been broken thanks to their own callousness, inability to comprehend their own power and shutting themselves off from the new paradigm. + +Nevertheless they still hold 46% of the hashrate. Even despite the mining ban. However it has lost the 51% dominance and other countries like the US, Kazakhstan, etc are catching up. + +The hashrate in China could continue to fall as their government keeps cracking down on the miners. + +Thank you for giving us a hard reset and giving other countries a chance to catch up. + +Edit: By using "China", I was referring to their authoritarian government. Not the people. +Hi team. +VWCE is being mentioned in almost every discussion on this and other financial forums. Why is it so popular? Why is everyone jumping on it after it was added to Degiro core selection? Specially people who were investing in IWDA+EMIM. +Sometimes I have a feeling that Vanguard is doing a great marketing campaign. +There are some nice advantages of iShares ETFs (lower ter, Amsterdam exchange (for Dutch investors), bigger size, older) but still everyone is mentioning mostly VWCE. +Everyone won't monthly paying dividend stocks, I can only assume this is because when they retire they don't know wait 3-months for the paycheck. + +The way I'm seeing it is it just doesn't matter if the monthly quarterly or even yearly as let's say I have a lump sum of $1,000,000 And I decided to draw 4% a year to live on then I have a yearly income of $40,000 + +No i don't see any problem with taking money out of my fund monthly weekly or even daily at $40,000 ÷ 365 = $109.59 a day + +I can do this and it won't make much of a difference maybe a few cent a day at most + +I think the truth is although monthly dividends are convenient they are just a gimmick to pull more client into the fund or the stock aren't they ? + +What's your thoughts or opinions on monthly dividends +Hello there fellow apes. I have decided that with a new sub should come new DD and so I have decided to write this article. Now some of you may remember me from my last article where I talked about the suspicious amount of companies that went bankrupt under the rule of the ousted members who may or may not have been planted there in order to insure GMEs failure. + +[https://www.reddit.com/r/GME/comments/mbiodn/cleaning\_house\_cco\_resigns\_and\_what\_that\_means/](https://www.reddit.com/r/GME/comments/mbiodn/cleaning_house_cco_resigns_and_what_that_means/) + +Since then I have remained in the shadows upvoting and occasionally commenting on posts but mostly just watching things unfold and Hodling. But I have decided to come out of hiding to share some of the insights that I feel that I have found after analyzing the level 2 book on webbull and witnessing the spectacular growth of this subreddit. Now my claim in the title as to why 1 million is not as crazy as it seems is meant genuinely and is not simply clickbait for three major reasons. The first being the large amount of retail/active investors in the stock, the second is the level 2 book which shows how once this rocket gets going things are going to start getting insane and the final reason being an analysis of the game theory involved within this transaction. + +Keep in mind I will be recapping some information covered by other DD in order to backup/verify every assertion and point made. "Extraordinary claims require extraordinary evidence" which in this case means a lot of evidence needs to be provide to show each point is true. With that out of the way lets talk about how much of the stock is owned by retail. + +&#x200B; + +**Chapter 1: Retail Ownership and the Prisoners Dilemma** + +Now for the last few months a lot of questions have been thrown around as to how much the stock is shorted and as to how much of the outstanding stock is owned by retail. The reason being is simple. If retail (more specifically the guys asking for a milli a share) own 100% of the stock and the stock is shorted basically at all then that means they have to pay whatever that guy wants them to pay. That being said if the short interest is low only a few guys are actually going to be paid that million a share. Even if retail does not own all the outstanding so long as we own a significant proportion of it and refuse to sell below a certain price the other players so to speak will understand this and will raise their floors to something more similar to are own. This is vital to understand as it is part of the basis of this due diligence. + +Now let us look at some speculation as to how much of the outstanding is owned by retail + +This article by u/DiamondApes 23 days ago speculates that **40.8 Million shares are owned by retail**. He calculated this by looking at several major brokers and then multiplying the overall percent of users involved in GME from each broker with the average investment size from each. + +[https://www.reddit.com/r/GME/comments/m54vpq/serious\_dd\_retail\_ownership\_using\_public\_data/](https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/) + +&#x200B; + +This article by u/SpacedSlayer 24 days ago speculates that retail owns **100% of GME Outstanding shares.** The argument here is rather speculative but effectively the author creates a table to represent how many different owners there would be at certain price points by dividing the overall outstanding shares by the number of owners at different levels. + +[https://www.reddit.com/r/GME/comments/m3wxyg/retail\_owns\_100\_of\_gme\_outstanding\_shares/](https://www.reddit.com/r/GME/comments/m3wxyg/retail_owns_100_of_gme_outstanding_shares/) + +&#x200B; + +This article by u/InForTheSqueeze 19 days ago speculates that at a minimum retail owns **between 100%-1000%.** After gathering together data from about 20 different brokers he then multiplied that by the percent of users on these brokerages that own GME. If apes own only 5 shares he calculates retail would own **more than 150%**. Keep in mind though that the percent of users on each brokerage is rather speculative as it is based on information provided by some firms on the % of users invested in GME and then extrapolated to others by way of what type of firm they are. + +[https://www.reddit.com/r/GME/comments/m7x2gq/dd\_i\_did\_the\_math\_there\_is\_literally\_no\_doubt/](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) + +&#x200B; + +This article by u/cbkguy talks about how fidelity customer support has had **half a million accounts transfer from Robinhood to fidelity.** What is important to note here is that this is only fidelity that is saying they have 500 million accounts transfer it does not include other brokerages which might have also received customers transferring accounts. It is also important to note that although accounts which transfer are more likely to have contained GME or AMC it is also extremely likely that the decision to prevent buying or selling cost them a great deal of clients which did not own either stock + +[https://www.reddit.com/r/GME/comments/mbm7c1/on\_the\_phone\_with\_fidelity\_customer\_support\_they/](https://www.reddit.com/r/GME/comments/mbm7c1/on_the_phone_with_fidelity_customer_support_they/) + +&#x200B; + +Now as much as it is important to keep morale up it is also important to stick to the facts and not let our own hopes influence our decision making. The reason why so many of us are hesitant to talk to friends or family about each share being worth one million is because it is inherently a ridiculous proposition to begin with. We have to be able to prove each step on our chain of reasoning because if we have a single misstep or guess the argument loses its credibility. Now as some of you may have noted these articles from these excellent due diligences do contain some speculations and are also about 20 days old as of writing. However a very important thing to note is that despite these articles containing some speculation most are based on hard facts and logic even more importantly **each piece of due diligence I have listed comes at the problem from a different angle**. If you look at what is being said you have 4 different authors attempting to solve the problem using different methods and metrics and each one seems to point in the same direction. That strikes me as very bullish. I have included links to each author and have included what I believe to be potential speculations on their part above. + +Now before we continue I would like to add in one more metric of my own that I have been using to track potential GME share holders. That being the amount of users on GME specific subreddits and also how active users have been on those subreddits. + +First let us examine the overall size of the original GME subreddit + +&#x200B; + +[Graph provided by https:\/\/subredditstats.com\/r\/GME](https://preview.redd.it/p5vaj9sm4nr61.png?width=920&format=png&auto=webp&s=1fad75231cacc479f003bd691fff4ccb94862559) + +As can be seen we were over **250k users on this subreddit alone** as of two days ago. Now this is still extremely bullish considering first of all that users who join this subreddit with the exception of bots are extremely likely to own shares of GME. + +Next lets look at r/wallstreetbets + +[Graph provided by https:\/\/subredditstats.com\/r\/WallStreetBets](https://preview.redd.it/78c5378b5nr61.png?width=901&format=png&auto=webp&s=ab003e972a4266d022ea1d372c2bb2cfe0b3de11) + +Now as you can guess that vertical line represents the date of the original rise in the GME price. Many retail and institutional investors realized that this was the place to be and decided to check out what was going on in this subreddit. However it is important to note that prior to the questionable actions of their moderation community, GME was the stock of the subreddit and all the posts there were in refrence to it. After the growth of the forum it gradually shifted into a more open environment and it is extremely optimistic to say that there are 9.7 million apes . In addition as time has dragged on there have been questions as to how many individuals have paperhanded over time or just decided to go into other plays. As to avoid speculation the biggest takeaway from this chart is that there were roughly 2 million people on the subreddit the GME movement we saw in early January and it seems likely that this initial group has either grown or has remained of a similar size throughout this entire debacle. **This indicates that there are likely upwards of 2 million individual GME shareholders** being conservative + +Finally lets look at r/Superstonk + +[Graph provided by https:\/\/subredditstats.com\/r\/superstonk](https://preview.redd.it/ustqxg1x5nr61.png?width=917&format=png&auto=webp&s=f4bad05dc6ba92b1257d43d9101c35890e9d0430) + +Now after the mass exodus that occurred over at the original GME forum we have a new data point to examine. It is important to note that this data compliments the graph provided earlier by the original GME post. This is because the users gained on this subreddit were ones who transferred from GME. What I have concluded from this data is that people are not paperhanding as much as we might think. It is difficult to say from the GME data whether or not the 250k number represents just people who have at one point invested and then left or if that also includes bots/shills but this data indicates that the indivduals on GME and now also r/SuperStonk are extremely active and bullish. Included below are photos from my phone during the initial transfer of users to Superstonk. + +[Screenshot at 5:51 AM EST](https://preview.redd.it/thqpd0wpdnr61.png?width=448&format=png&auto=webp&s=237ecd605de938c42dbdf1ff8fa1f38297a715df) + +[Screenshot at 9:09 AM EST](https://preview.redd.it/rryqm7urdnr61.png?width=441&format=png&auto=webp&s=fef9da464f985204854cde60dfa5c38c3f6fcdca) + +&#x200B; + +Now the important info here might seem minor but is a rather major bullish indicator to me. **By 4:51 AM 30,712 users had joined** r/Superstonk\*\*. By 8:09 am that number had increased to 66,092 members.\*\* Within hours of information regarding potentially negative actions taken by the moderation team becoming public a new forum was located and transfered too. (As of editing it is important to note that I am a hour behind the NYSE times so relatively it would be 5:51 am and 9:09 AM) . The takeaway I thought was most important was that there was a **high level of homogeneity within our community**. Not that we all act a like or that we encourage acting in a specific manner but that we tend to act as a group as a result of our individual choices. This might not seem relevant now but it will play a large role in the conclusion of this DD. + +TLDR: There are a lot of apes and each one owns enough that we own the float if not all the shares outstanding + +&#x200B; + +**Chapter 2: Short Interest and the Level 2 Book** + +Now the question that is most important is how much of the stock is actually shorted. **If you have been following the situation and reading the DD every day go ahead and skip past this part** but otherwise it is a refresher for those who might be questioning if short interest still exists in the stock and it helps to serve as a stepping stone for the conclusion of this DD. + +If there were no shorts on the stock then our play while fine from a fundamental standpoint where we invest in the future of GME will likely not be worth a million dollars per share any time soon. The gamble that our trade is betting on is that the Short interest of this stock is high enough that they will be forced to cover at whatever price we set. A short squeeze occurs when there are no shares available to purchase except at ridiculously price points. + +Now I will be frank the information out there regarding short interest is simply not accurate from the official sources. We have seen miles of foul play from the Hedge funds and the only sources of short interest that retail is provided is either given by research firms (Who as of writing have now announced they are no longer going to be providing SI numbers) and FINRA who is a self reporting agency who has changed their metrics regarding the calculation of short interest during this time period + +Tweet from Citron reposted by u/paymonofree + +[https://www.reddit.com/r/GME/comments/lodmqo/this\_is\_a\_january\_19th\_tweet\_from\_cintron/](https://www.reddit.com/r/GME/comments/lodmqo/this_is_a_january_19th_tweet_from_cintron/) + +Credit to u/joethejedi67 for pointing the FINRA data out + +[https://www.reddit.com/r/GME/comments/lu1fu5/finra\_changed\_how\_they\_report\_short\_interest\_this/](https://www.reddit.com/r/GME/comments/lu1fu5/finra_changed_how_they_report_short_interest_this/) + +&#x200B; + +That being said there is still significant evidence to show the existence of short interest in GME + +This article written by u/Unowned-Instruction seems to indicate that the Short interest is **Upwards of 2000%.** The article focuses on the presence of naked shorting effectively **Naked shorting is the practice of shorting a stock when the underlying asset being shorted does not exist.** I could summarize the article here like I have for the others but it is extremely detailed and I fear I would get details wrong or butcher the points made by the author by trying to summarize. I would highly recommend you read + +[https://www.reddit.com/r/GME/comments/mewkf8/thesis\_si\_is\_upwards\_of\_2000\_gme\_is\_a\_100/](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/) + +This article written by u/HeyItsPixeL discusses how firms are using **ETFS in order to short GME** without it appearing in official paperwork. The main one **XRT had such an extremely high short interest such that it was 200% short** during the time of writing. Effectively by using an ETF they are able to short the stocks within that ETF without otherwise being forced to disclose that the shares being sold are related to any individual stock within that ETF. + +[https://www.reddit.com/r/GME/comments/ls830a/found\_the\_reason\_for\_the\_dip\_they\_are\_shorting/](https://www.reddit.com/r/GME/comments/ls830a/found_the_reason_for_the_dip_they_are_shorting/) + +This article written by u/Animasoul and posted by u/PIanetary covers how **Short Selling a positive beta stock will cause the beta to go negative**. Beta represents how much a stock will move relative to the overall market. The average beta on a stock is 1 since the average movement of the market to itself is itself.Since the writing of this article 21 days ago the beta has gone from -8 to -20. This number is so ridiculously high that I cannot think of a single logical explanation as to how this possibly could exist except for the presence of short selling + +[https://www.reddit.com/r/GME/comments/m6i4z2/the\_mythical\_unicorn\_aka\_extremely\_abnormal/](https://www.reddit.com/r/GME/comments/m6i4z2/the_mythical_unicorn_aka_extremely_abnormal/) + +&#x200B; + +Now I could go on and on with evidence for the existence of short interest however there are plenty of DD out there that discuss why they exist and how much is speculated to exist. Furthermore it is not the purpose of this DD to prove the existence of short interest merely to provide enough evidence to form the building blocks of my argument. If you would like to verify the DD that indicates the existence of short interest and other factors there is a list that has all the available evidence and speculation and theories that has been posted over the last few months. + +[https://www.reddit.com/r/GME/comments/lj1wqv/a\_comprehensive\_compilation\_of\_all\_due\_diligence/](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) + +&#x200B; + +**If you skipped ahead past the short interest recap continuation begins here** + +Now I included the information on SI simply because I want to be extremely thorough in this DD and want to insure that each claim I make here is well researched and has a basis in reality. The more important portion of this chapter comes from the Level 2 book. + +Now for those of you who aren't familiar the Level 2 book is a list of the bids and asks on a certain stock and generally includes the volume at each price point. So for example if you look on the left side of the level 2 book you will see the price someone is willing to buy at and how many they are willing to buy at that price. Likewise if you look at the right side you will see how many shares someone is willing to sell and at what price. Now I have been personally watching the level 2 book provided by webull for the last few months keep in mind that this data does not include all trades or offers but it does show a variety of interesting pieces of information. + +First on the existence of trading algorithms. After watching this stock for the last few months you begin notice little patterns. One of the best signs of algorithmic trading is noticing interesting sizes for bids and asks being consistent. + +&#x200B; + +[Anybody in retail out here buying 23 shares exactly at 6 different values?](https://preview.redd.it/f32a1tiwonr61.png?width=319&format=png&auto=webp&s=8831b226e88fa5d87e22cff2d6be01f0175d618a) + +As you might have noticed the number 23 is quite common. Now I have been watching this level 2 book for a few weeks now and can tell you that the most common time you see these strange occurances of numbers is during low volume periods. They try and go for unusual numbers for a while 7 shares was the go to number for the algos but as of this post ( taken today 4/6/2021) 23 seems to be the golden number of the day. Now keep in mind I could provide other examples of this occuring but this illustrates my point and I would rather not dig through 1344 hours of footage just to provide a clearer example of algorithmic trading. It is important to note that when these unusual numbers appear the stock usualy either stagnates at its price point or goes down which indicates to me that this is a large fund or more likely multiple large funds using algos to manipulate the prices up and down. + +&#x200B; + +Now while the existence of bots is obviously alarming it isn't anything to worry about so long as we hold and in fact I only mention it because another DD I planned on writing but didnt involved these screenshots. No the important information can be very clearly seen in this image + +[Notice anything unusual?](https://preview.redd.it/uwvdlbckqnr61.png?width=325&format=png&auto=webp&s=69cda51c473bf0460755c66df83e5f975caa1391) + +Now I have been watching this stock and others on the level 2 books for weeks now and it isnt unusual to see a high or low number on the books every now and then. But those **extremely high numbers on the ask side** appear almost all the time on GME. If you watch this stock for more than 5 minutes at any given point in the day you will almost always see some ludicrously high number show up in the level 2 book. Consider if you will that the level 2 book reflects all available asks and bids that the broker (in this case webull) can see open in the market. In theory if this was all available asks then all that would be required to start the squeeze would be that you purchase all the asks above that number at one time. But unfortunately that is not the case. In reality there are almost certainty asks on other level 2 books which show values between 188.65 and 4500 and there is serious evidence of manipulation within the level 2 books due to the existence of ALO orders which allow for the creation of walls in the level 2 book. The main takeaway from this is that once an actual squeeze begins to occur and the shorts are forced to cover the price is going to rise ridiculously quickly. We joke about rockets on these subs all the time but this is going to be a pole going straight up when it occurs. + +TLDR: Insane amounts of short interest. Evidence of manipulation of official sources. Indications of serious algorithmic trading going on in level 2 book, and rocket ship could bolt up $1000 at any given catalyst. + +**Chapter 3: Tying it all together, Apes and the Prisoners Dilemma** + +So now all the evidence has been gathered and its time to tie it all together. Keep in mind the claim I am making with this DD is that **1 Million per share is not only possible but probable.** So lets recap what we already know. Apes likely own either the entire shares outstanding or at minimum the float of the stock. Shorters have gone banana's shorting the stock and the SI indicates that they owe way more than can be provided. The level 2 book shows both evidence of algorithms trading the stock and also that the ask side of the stock is so flimsy that on a dime the stock could rise thousands of dollars. + +So after adding this all together it all ends up coming down to what the Apes do. Institutions do play a role but whenever a stock is possibly 2000% shorted you can bet that even if every institution sells (BTW institutions own 200% according to bloomberg terminal) before us the shorters will eventually have to come to us and buy every single share that every ape owns in order to fix their short positon. Even if some apes do decide to paperhand out and miss out on the MOASS it still will not be enough in order to fix their issue apes still get to set the prices for their shares regardless of paperhands. The only way out of this for the shorters is to come and buy as many shares as they shorted. Now for those of you who are thinking to yourself hey I'm all in for the squeeze but 1 Million is ridiculous there is no way its going to get that high maybe itll hit 1k or 10k or even 100k if we are lucky. You guys are missing several key things that are going to occur once the squeeze starts happening. + +**First** many many people are going to start FOMO (Fear of missing out) into the stock once it starts to seriously rise. Remember that the reason why the brokerages restricted trading wasnt to stop the squeeze from occuring it was to stop investors from buying shares that they needed in order to cover and also to provide a smoke screen for them getting in position to destroy the share value and give themselves enough time to cover their asses. + +**Second** of all once the squeeze starts we are not going to be seeing a linear increase in the value of the shares we hold, it will be exponential. As you can see from the level 2 book data (second photo in that section) once the squeeze begins the only shares they will be able to purchase will be ones that are at those ridiculous price points in the thousands and it will jump there extremely quickly. Not only that but the shorters that were able to hold on will be slaughtered as their margins will go up to ridiculous levels and they will be forced to cover ( Or more likely the DTCC) . **It is important to note that people will be selling some shares on the way up but apes will likely be putting in their asks at the maximum values that their brokerages allow. This means that once we get moving up the price will increase by the maximum amount allowed by certain brokerages. They are forced to buy at whatever price is available to them regardless of what that price is. That is why we will see exponential growth**. + +**Third** the tricks they used to stop the short squeeze last time were temporary and cannot be used again. That's not to say they dont have new tricks but apes have migrated from Robinhood and other iffy brokerages that shut down during the blockage and Apes have held through thick and thin and continue to do so despite all the wacked stuff we have been seeing going on. Not only that but once the squeeze gets going we are going to see quite a few more primate companions join us on the way up to the moon/andromeda + +Now its important to know that we are not in a prisoners dilemma right now. They have shorted so much of the stock that they cannot avoid paying out unless we all sell. Even if we lose a few paper handers in the thousands or tens of thousands it wont matter. So long as enough of us refuse to sell for anything below a million the stock price will increase exponentially towards that million dollar value as people put in trades for the maximum possible values with their brokerages. The only play that these shorters have left is to make us think we are in a prisoners dillemma. You ever notice why the term bagholder became such a critical piece of their narrative. It was to shift our attention from them and focus our attention on the idea that our fellow apes would betray us rather than cooperate. But as the evidence has shown time and time again we have refused to play that game and I do not see any reason why that would shift once it becomes obvious to even non apes the position the shorters are in. + +Jeez this is long so ill keep the conclusion short + +**In conclusion 1 Million per share is not a meme** + +&#x200B; + +TLDR: Stock will increase exponentially not linearly when it increases this means that 1 million per share is more likely than many people currently think. + +&#x200B; + +If you like what I wrote leave a comment and a like it helps to avoid DD being drowned out + +**BTW I AM NOT A FINANCIAL ADVISOR SO KEEP THAT IN MIND. THIS SHOULD BE TREATED AS SPECULATION BY A SMOOTH BRAIN APE.** +::Reposting this Guide for the weekend since it got buried the first time:: + +I went down the rabbit hole last night experimenting with creating a Wallet, a GME NFT profile, and minting my first NFT! + +Below is a step by step guide on how you can accomplish the same! + +Here is everything you will need to get going: + +Chrome Browser on a computer (I used PC should be the same on Apple) + +Debit Card + +State ID/Drivers License/or Passport + +Smart phone with working camera + +You will begin your journey by going to the GME NFT login page using the CHROME BROWSER: + +[https://beta.nft.gamestop.com/login](https://beta.nft.gamestop.com/login) + +Warning: People have had issues with different browser and wallet configurations. I will walk you through the way that worked for me. I can't guarantee other configurations will work the same. + +&#x200B; + +https://preview.redd.it/hdnet4sdaqp81.png?width=1355&format=png&auto=webp&s=3ebb4cbfc23132ea48c0e5dae1f61efcb132cfd6 + +***PART 1: Setting up a Metamask wallet*** + +Click on the "Install Metamask" option + +Follow through Metamasks prompts and instructions to complete setup + +This next part is really important. They are going to give you a pass phrase. You need to write that shit down in the exact order it is given to you. Put it in a special place. Metamask can not help you recover your account without that passphrase. + +After you have a Metamask wallet setup you will hit the "Connect" button on the top right corner of the GME NFT login or main page. + +Metamask will automatically link your wallet to the GME marketplace once you put your password in. + +You'll have to hit the "sign" button once or twice. + +&#x200B; + +https://preview.redd.it/uiuuel3faqp81.png?width=326&format=png&auto=webp&s=4f2aaa52aa07f44356673179385bb0903578e73e + +It will look like this once you login (add funds may not be there because you haven't upgrade to L2 yet; we will cover later) + +&#x200B; + +https://preview.redd.it/nhlnq6agaqp81.png?width=348&format=png&auto=webp&s=787e264ee2972aa2600bded052c081842aec6896 + +I have a name because I set my profile up which is what we will cover next! + +Click on your temporary name (where mine says Stonk) + +You may have to hit the sign button more after this. + +***PART 2: Setting up your Profile and Email:*** + +You will see your Profile page now: + +&#x200B; + +https://preview.redd.it/qrewsn5haqp81.png?width=1670&format=png&auto=webp&s=724480561e8fb603bdfa4d1999be4cb16a0e04be + +Click on "Edit Profile" + +Important Note: Mine is completed. I had issues with this part. I found that only doing the email verification first and then finishing the rest worked for me. + +Click on the email text field and enter your email address and hit the "verify" button. + +Once you click on the link they email you, go back into your profile. It should say verified. + +Now pick a Display Name and put your bio in. You have be asked to do 2 "I am not a robot" image matching tests EACH time you try a new display name. If it isn't letting you hit the save button at the bottom of the page your display name is most likely already taken or not allowed. It does not always warn you appropriately that you have chosen poorly. + +&#x200B; + +https://preview.redd.it/cxdll3ziaqp81.png?width=541&format=png&auto=webp&s=82c7791a9451bc72b19bd6a34747d82282cbdf15 + +Interesting note: If you click on the picture button next to your profile name you can set an avatar. It has to be an NFT in your collection. + +https://preview.redd.it/a0dqxxvjaqp81.png?width=544&format=png&auto=webp&s=61e4e2b2f3754b9d2294b2f71624626f783393f7 + +The marketplace isn't available yet when you click on Browse as of 3/24/22 + +Which led me further down the rabbit hole to part 3: Minting an NFT. + +You are going to need to get your wallet setup on Layer2. On GameStop (or Looprings) website you can add funds using a company called Ramp. + +You will use a DEBIT CARD (they don't specify this but it is necessary) to pay for some Ethereum. It was around $135 bucks for me. They want you to prove you're a person basically. You don't actually pay all that money. There is a button in your sign in box to activate layer 2. I also upgraded to layer 2 on the loopring website which we will cover later. Then you've got some ETH that you will need later to make some sweet NFT's. + +Again, when you add funds I chose Ramp as the method. + +Ramp is going to generate a QR code that you are going to scan on your phone. Download google lens if you are on android and don't have a QR code app (apple has it built into the camera). + +It will basically have you scan your face, and your ID to make sure you are you. I actually had to do it twice. Got it done in less than 10 minutes. You will get an email when you are approved. Super easy but awkward (I am suspicious of everything.) + +***PART 3: Minting an NFT*** + +Do you know how to copy and paste? + +Let me tell you, this shit is so fucking easy it is going to blow your mind. + +We are going to be using 2 websites for this. + +Make a log in for each of these websites: + +[loopring.io](https://loopring.io/) + +[pinata.cloud](https://pinata.cloud/) + +&#x200B; + +https://preview.redd.it/z8ptn9nlaqp81.png?width=437&format=png&auto=webp&s=963eaf6084ba19ce831241c6a16d9826179efd76 + +Create a folder on your computer called "NFT" + +Go into Paint and make something stupid and save it as a .jpg in the NFT folder you made. + +I went into paint and pasted a picture of Ryan Cohen's face onto Gandalf's body from Lord of the Rings smoking a sick pipe. + +Go to [loopring.io](https://loopring.io/) + +Click on "Launch App" + +Click the big blue "Connect Wallet" button + +Choose MetaMask + +Hit the big blue "Unlock" button and sign again like you've been doing + +Under the "Trade" Page you are going to want to convert some Ethereum to LRC coin. + +Luckily you already have some Ethereum because you had to add some to upgrade to layer 2. + +&#x200B; + +https://preview.redd.it/2upt7wmmaqp81.png?width=1179&format=png&auto=webp&s=66d5a43edb9af36f536fab6446cb5bf3ce4f99d9 + +It makes you convert a minimum of 0.0324323 ETH and you get about 93 LRC coins. + +I added funds twice (both times through loopring actually). The etherium showed up immediately on the gamestop nft website on my profile too. You can adds funds in either website and it shows up right away. + +It was about $135 bucks both times. You only need to do it once. The money that it needed to see for me to upgrade to layer 2 wasn't actually used, so I converted it into LRC. This is because when you go to mint it wasn't working with ETH even though it was an option. I'm getting ahead of myself. + +Now you have a wallet through metamask that is on layer2 through loopring and you have some LRC coin. You are ready to mint an NFT! + +Go to [pinata.cloud](https://pinata.cloud/) + +Click Upload + +Click Folder + +Select your NFT folder you made. It should just have that 1 xxxx.jpg picture you made earlier + +&#x200B; + +https://preview.redd.it/sfdi310oaqp81.png?width=1230&format=png&auto=webp&s=8c06b1abe76df399014c127915dbf7977cbda4dd + +Give it a name. + +You are going to click the 2 little pages next to the unique code it generated (this will copy the code): + +&#x200B; + +https://preview.redd.it/if5esz0paqp81.png?width=809&format=png&auto=webp&s=68a9aaadf29496ddbec191fca75e457c8fbf1264 + +Next open a new notepad file + +Paste this block of test into it + +This is my code for the NFT I made + +You are going to change the text obviously. + +Here is the important piece: + +To make this all work you are going to paste in your code that you just copied from pinata into the text under "Image". + +Then you are going to put the file name after the / + +So if earlier you made a picture of Kenny eating mayo and called the jpg Mayoboy69.jpg that is what you would put in. + +{ + +"description": "RCwizard", + +"image": "ipfs://***QmXTdxRne3T7fJu3fHa56q6512KL2EKkWDjHMReocfppU***/RCwizard.jpg", + +"name": "Ryan Cohen is a Stonk Wizard", + +"royalty\_percentage": 10 + +} + +You are going to go to File-> Save as-> and under file name give it whatever name you want, but put .json after it and hit save. + +so it might be Mayobitch.json + +Now we go back to Pinata and hit that Upload button again. + +This time we are going to choose "File" and choose our .json file we just made. + +It will show up in the list + +&#x200B; + +https://preview.redd.it/xasmp4gqaqp81.png?width=853&format=png&auto=webp&s=810f5b29c141248aa033d6920a1dedd1c6af87b2 + +Click the little copy button next to the xxx.json CID + +Now go back into [loopring.io](https://loopring.io/) (you may have to hit unlock and sign again if you were away from the page for awhile) + +Click L2 Wallet at the top of the page and go to My NFT + +https://preview.redd.it/i7apvmmraqp81.png?width=1132&format=png&auto=webp&s=7a5828dad9a8aaa37de961255a4eb05ff49cca08 + +Click on Mint NFT at the top right corner + +https://preview.redd.it/dw84ajpsaqp81.png?width=473&format=png&auto=webp&s=fe37f212120b8a5f1cc2d9e55f9c8b3209c1ac48 + +You are going to paste the the code you just copied from pinata from the .json you made into the top box + +Next click on the ETH fee and change it to LRC + +Then put in the amount of NFT's you want to mint. I made 741. + +This next part is important. You may need to click between boxes and copy and paste the code in several times, you may also need to wait a minute, until the preview image and name pop up. If this doesn't happen then if it let's you mint it isn't going to work. + +Once you see a preview image and the name generated then you can click the Mint button. It's less than 1 LRC coin to mint so its dirt cheap. That's why the layer 2 is so important. + +Now when GameStop's NFT marketplace is live you should have an NFT waiting in your collection that you can set as your profile picture! + +This was my first time experimenting with any of this stuff. As such I encourage anyone with more knowledge to help clarify and expand on these topics. + +None of this is financial advice; I sleep in a racecar bed 🏎️🛏️ + +[https://desk.zoho.com/portal/loopring/en/kb/articles/nft-minting-on-l2](https://desk.zoho.com/portal/loopring/en/kb/articles/nft-minting-on-l2) +State Farm, 50k. She’s meeting with her agent today to discuss payment. + +It’s my understanding that State Farm deposits the funds into the “State Farm bank” and issues a sort-of set of starter checks that you can use at your regular bank for transactions. + +Question: She has ~45k in student loans. We owe ~60k on our mortgage. If we intended to move in the next 3 or so years would it make more sense to pay down the mortgage or should she just pay off the student loans? + +Edit: Thanks for the replies. I’d appreciate if one of the mods could go ahead and lock the thread, please. +I am moving out for the first time and don't know anything about apartments. I have a few questions that I ask about the buildings but not much more. + +I have heard that there are lots of hidden fees that are on top of my rent and they seem not want to tell me those fees besides the rent and I need to know what are some typical fees so I can ask about those directly and get an answer so I know how to budget so they get their money on time and I live comfortably + +Please let me know. Any bit of help goes a long way for me right now since this is my first time. + +For some context I am in California +So I have been looking at INDMoney for financial planning and I wanted to understand what is the difference between their Gold, Gold+, and Platinum plans. Does anyone have an idea? +It was very anticlimactic, I got a receipt and then got the app deleted. + +EDIT I paid it off 13 months early + +Then got a $2.31 monthly deduction on my car insurance. + +But reader? It is done and I will never again purchase a car on finance again. + +I have Until the years end to build the rest of my emergency fund for three months and I’m so excited to achieve that goal. + +It’s never too late to begin financial literacy + +I am solo 37f mortgage holder and basically putting back into place good financial habits ahead of …interest rates Armageddon. + +Recently refinanced to a better rate and got cash back. Have checked all my insurances and optimised my super. + +Sorry I have no one to tell +Financial things to iRl + +EDIT I paid it off 13 months Early +I spent a fuck tons of money getting a degree in Finance. For all those years, what I learned was market is efficient and fair. Supply and demand should drive the market. It will correct itself with price discovery. Blah blah blah. I was so naive to fucking believed it. + +Anyone with 1 braincell will see that it's not true at all. Just fucking look at the price action and the [correlation between meme stocks](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/). It is absolutely disgusting. A cinema is being traded almost exactly the same way as a store that selling game? And almost exactly similar to a company that making phone? + +And the guy who runs one of the biggest stock broker, the first one that restricted stock buying because he was afraid it will break the system, came online and said it is impossible to naked short because the penalty is severe? What the actual fuck? Sure, that makes sense. Speeding on the road is impossible because the penalty is also very severe. Driving under influence is also impossible because the penalty is also very severe. Murder is also impossible because the penalty could also be very severe. What kind of fucking logic is that? Unless English is his 4th language and he doesn't understand the meaning of the word 'impossible'. + +The whole financial system is a joke. It is just an extended arm of the riches to exploit the poor. They can pull the plug whenever they want. Efficient my ass! + +Even the education system is a shame. It is so disconnected with reality that it creates more harm than any good to society. Either that or it is also manipulated by the rich to brainwash society. + +After the MOASS, I will not invest in stocks anymore. It is the biggest scam in the history. + +End rant. +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! + +How can I expand my social circle to people with similar income? I know it sounds bad but I have realized a lot of my current friends depend on me to pay for everything every time we go out. Whether it’s traveling or for dinner I am stuck with the bill. + +Those with high NW where/how do you meet people similar NW? +I came across this article: [https://www.financialsamurai.com/ideal-age-to-retire/](https://www.financialsamurai.com/ideal-age-to-retire/) + +Curious about those who retire around 45s (or your peak/plateau earning years); what were your feelings or reflection during the first year (or two) of "not working/earning"? Have you changed your mind and coming back to work in a few years and re-retire? + +For those who hit the number and pass 45, if you choose to stay in a corp job, what're your reasons beyond having more money? + +My hypothesis: 45-ish is usually the prime time of earnings, i.e., executives, staff+ engineers at tech, etc. -- your income gradually hits a plateau after your 40s. Also, people probably still have school-age kids at this age, and thus extensive travel is difficult, for example. +I have 100 shares of SOS and don't really care for the company. Longest leap available would be a Jan 20 2023 $4.50 LEAP for a premium of $1.92. Don't care if shares get called away. Would that make the most sense to "get rid of" the shares or should I sell an even deeper ITM call? + +EDIT: SOS shares were acquired for a purchase price of $4.885 on 3/30/2021 + +EDIT2: I sold a CC of 04/30/2021 at a $5 strike for $15 - $0.65 commission for $14.35 total premium. WEWLAD. I guess I will repeat selling weeklies one or two strikes OTM. I guess I'm retarded and am doing what I should actually be doing at thetagang. +>Master Edit- [Got the YouTube version working. Along with an in depth explanation on points that have been raised so far.](https://www.youtube.com/watch?v=z8eWbxXlPFw) +> +>Good Morning Everyone, I am so sorry to do this. But I shutdown last night due to the overwhelming response. I can't possibly reply to everyone! I wish I could, I will read every comment though and reply to direct questions where I can and where another ape hasn't answered for me. + +**TL;DR** + +I can prove GME has had 5.3 billion worth of SI conversions/FTD transfers occur since the start of the year, by use of divorced puts. + +**INTRO** + +Hello Motos, + +This has been a while in the making for what has turned out to be a relatively brief DD (by my standards). Before I dive into this, the DD is gonna be spilt into several parts. + +1. Explaining Divorced Puts +2. Methodology (explaining how I did it) +3. Raw data (not a full print out, just the overview) +4. Analysis +5. And links to the source data, proof I did the work etc. + +>If you like what I do, then check out [My Reddit Profile](https://www.reddit.com/user/MacAttack218), [My YouTube](https://www.youtube.com/channel/UCpSlTZQYldI_jRGTCdzCatg) and [My Twitter](https://twitter.com/TheKiltedTrader) for more. + +Also the videos/DD I am linking to is just DD I've done about divorced puts in the past, nothing is required reading/watching as I'll be explaining everything fully within this DD. + +**EXPLAINING DIVORCED PUTS** + +So I've explained Divorced puts until I'm blue in the face. And my old explanations still work. So here is a copy and paste, there is some slight editing as my understanding grows so does the way I explain them, the edits will be in bold (expect section titles of course). + +>**What is a divorced put?** +> +>Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. +> +>In a divorced put you need two parties. You need your OG shorter, who has **either** short sold shares in a company that they need to cover **or an outstanding fail to deliver position they need to close** but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. +> +>The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. +> +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down **(this applies more to SI conversions than FTD transfers)**. +> +>The market maker then naked shorts and sells the OG shorter shares equal to their short position. +> +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. +> +>The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. +> +>The Market Maker also lets these naked shorts become fail to delivers. +> +>With this the short interest has been converted **or the fail to delivers have been transferred** into fail to delivers held by the other party. +> +>**Example of divorced puts.** +> +>I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interested in an example just skip to the next bit. +> +>So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. +> +>The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. +> +>The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. +> +>From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. +> +>Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. +> +>**Why it can't be used to calculate synthetics.** +> +>As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. +> +>So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered but can't be included in today's numbers. +> +>**Auto/End of Day Execution** +> +>**Also, of important to this DD, I've since expanded my understanding and now see that you can have divorced puts used with auto or end of day execution. When they do this strike and Open interest doesn't matter, and more importantly doesn't register as OI, and all that matter is volume, they want it to be so overwhelmingly large that they can be 90%+ sure they know who they are selling to/buying from.** +> +>**Bonus points if they use darkpools to buy and sell the contracts (by darkpools I mean all ATS and non-ATS OTC exchanges).** +> +>**Working theory at the moment is this is more for FTD transfers or emergency SI conversions.** +> +>**P.S It also seems as if people aren't aware you can trade more than just share via darkpools, pretty much any finiacnial asset can be traded via darkpools (expect crypto by it's very design).** + +**METHODLOGY** + +So I've done plenty of DD in the past about divorced puts in regards to the open interest strikes. However no DD has been done on the daily volume puts and strikes. And with good reason. + +The only way to do it, would be to open each contract, relating to each strike, on each chain, and check every single one for every single date. And only a mad man, with no life would do that. + +So that's exactly what I did. + +Now that is an incredible claim, that I checked 1300 odd contracts, and checked the dates and volume on each of those contracts (for roughly 1.45 million individual data points). And as my dad always said, extraordinary claims require extraordinary proof. So I recorded myself checking every contract. You can find that here, there is nothing exciting in it unless you love spreadsheets and manual data entry. + +Next I had to choose how much daily volume for a contract would be considered unusual. This was a harder figure to nail down, but I eventually settled on 2,000 contracts for GME. The figure chosen was largely arbitrary and chosen to be safely above normal volume, and if 2,000 contracts is good enough u/DeepFuckingValue it's good enough for me. + +For reference I ended up with 1,200 data points chosen and selected as unusual out of a total of 1.45 million (or 0.08% of all data points). + +From there it was just a matter of going through the contracts. Slowly but surely. + +>**Limitations-** +> +>Every good study, research piece, briefing paper etc. acknowledges its limitations. I am no different. +> +>Firstly like I said, the number I picked for unusual was large and played to conservative estimates, meaning we have lost divorced puts that should probably be included but I'd rather focus on the ones that I am 100% sure on. +> +>Secondly, I do not have access to historical chains. I started this on Sept 15th meaning there are 34 weeks since the start of the first run up, where I don't have the data. So again, numbers are likely to be ALOT higher than they already are. And then are already ridiculous. +> +>Finally, I've had to pull this data manually, as I'm unaware of any automated services that do it, and my limited programming knowledge doesn't extend this far (if yours does DM me, as I have big ideas on how to extend this much MUCH further), with manual data entry comes the realistic expectations of manual data entry errors. I've done my best to review the numbers, and all the big standout numbers/dates are correct but smaller ones may have slipped me by. I'm only human. + +**CONTROL** + +So I showed this to a few wrinkle brains before posting. One made the excellent suggestion of having a control ticker to show that the volume of puts was abnormal. + +Initially we narrowed down four stock tickers Lyft, American Airlines, Dominoes, SoFi. All 4 had Market caps in between GME's and the movie stock's ($15b to $20b for reference) and shares outstanding that were large enough were a few contracts wouldn't be considered unusual. + +So when I went to check, all four were pointless to data pull on. Firstly they had nowhere near the amount of strikes GME did, and the lowest strikes were never as far out the money as GME's were. + +>When I saw nowhere near, I mean no where near. It took me 1 hour to review all 4, and then review Facebook and Apple. Where as it took me roughly 7 hours to do just GME. + +Secondly, they had super low Open interest compared to GME. + +Finally, they had no EoD/auto execute volume that was worth noting (the highest over all four tickers was 357 contracts for a 40 million outstanding. Which would be 800 ish for GME I.e. Well below our thresholds and only on one date. + +So I expanded my parameters and started including the big hitters in terms of Market Cap and outstanding shares of Apple and Facebook. Same deal, nothing notable or reportable. + +I plan on making a video to just show this later on, again it'll just be boring data entry video. + +**THE RAW DATA** + +[https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72](https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72) + +&#x200B; + +Since the start of the year GME has had 5.3 billion shares worth of divorced puts, showing that 5.3 billion shares have either been converted from Short Interest into fail to delivers. Or have been transferred from one holders fail to deliver position into another's. + +This is 69x it's current outstanding shares. + +**ANALYSIS** + +Both tickers show a frankly, unbelievable amount of fraud in them. We've always known this. + +We've proved this, time and time again, and this is another hand grenade in that fight. + +One thing that apply to both tickers is that we see a major increase in divorced puts during run-ups. That's to be expected as it will be the time when they want downward pressure and to have FTD clocks reset, and SI at it's lowest. + +GME's figures are heavily stacked in Jan, with one date alone Jan 27th (wonder what happened the next day) accounting for 36.8% of all it's divorced puts. Once we remove this date we see a lot more consistency in GME's numbers. With a few dates firing off here and there outwith GME run-ups. + +And this is just with the data that I have access to, those previous 34 weeks would have shown similar numbers. + +If we go into speculation territory and say that the Average weekly ( by expiry date, not date bought) is only half of what we've seen so far (which is conservative as we have 13 chains to pull from currently, and we have seen 34 go by, but let's play conservative) Then GME will have seen roughly 10 billion transfers/conversions this year alone. The number actually baffles. + +**Parting words** + +There is a lot, a crazy amount, of data here. I am looking at it from a divorced puts perspective. + +I will be referring to my spreadsheet regularly in upcoming DDs as and when I gain more knowledge for them, but I will give you a link to the spreadsheet below (using google drive, so it putters out let me know), try and find your own analysis and conclusions with this data. All I ask is to be tagged in the body of the text and first comment, as I want to see what else is found! + +I'm also going to try and maintain a weekly unusual option volume register. + +But I also have the recap, look ahead, DP/SV weeklies (plus a full time job, a life outside of Stonks, friends, family and my partner) so some weeks might have something giving if I'm short on time. + +**LINKS** + +[Link to source data, where I pulled all my data to.](https://docs.google.com/spreadsheets/d/1bUtNJBYOLTL8qhfq1iWqsFjr9fBS8X3f/edit?usp=sharing&ouid=104427728296208248062&rtpof=true&sd=true) + +Link to the proof of work video. + +[OG Divorced puts, excuse the TTS I wasn't as confident talking at that stage](https://www.youtube.com/watch?v=Tm_pvrFkYp0&t=5s) + +[Link to my Sept 16th Divorced Put update, deals with the OI.](https://www.youtube.com/watch?v=aCXBzHN6WRY&t=3s) + +[Update to the above video where thanks to u/bobsmith808 I started to cotton on to the idea of daily volume divorced puts](https://www.youtube.com/watch?v=9x1TLFMxiL0) +This is at a local credit union (Apple FCU) The receipt shows that $2000 was deposited. It also shows only $1500 was put into the account. + +The bank managers are being extremely unhelpful about this. Has anyone dealt with something similar and know the best way to proceed? + +Edit: +Transaction date was 18 December 2021 +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I feel this community isn't doing justice to new people posting their portfolios when they have QYLD inside it. I often facepalm or continue to shake my head if I see that dreaded ticker inside their portfolio. + +Hey, I am not telling you how to invest. But I will say it now - **QYLD is a bad ETF.** + +If you are a new investor looking to get involved in defensive, high quality companies with consistent stock growth and dividend payouts, **don't go after this ETF.** + +I will show you why. I will compare to SCHD, QQQ, and SPY, with this site here: [https://dqydj.com/etf-return-calculator/](https://dqydj.com/etf-return-calculator/) \- This site continues to confirm how stocks do with dividends reinvested. I will be sorting these stocks based on QYLD's inception data of 12/13/2013. Each with 10k invested starting. + +**SCHD** \- 28,721, with an average return of 12.47. + +https://preview.redd.it/xj1l2twmnk5a1.png?width=747&format=png&auto=webp&s=4f41d6d0eca62be44d2c5c82be0fd085a2b9a09a + +**QQQ** \- 36622 - 15.57% Annual Return + +https://preview.redd.it/n6hqm964ok5a1.png?width=758&format=png&auto=webp&s=93a94e9c6c0a735f23db94a98a5cf0d3817425ae + +**SPY -** 26309 - 11.39% annual return + +https://preview.redd.it/tx1jqp2dok5a1.png?width=787&format=png&auto=webp&s=d3f45ad1076b1c1ca0403b00edc2110bca18d2c2 + +**QYLD** \-16815 - **5.97%** Annual return + +&#x200B; + +https://preview.redd.it/ck569ezhok5a1.png?width=826&format=png&auto=webp&s=10fb4f6aa5bced94292030b50c7d5408a1a55ea4 + +QYLD on average since its inception has only pulled a 6% average return, and this is the end result with all 4 ETFs. **Even during this stock depression/downturn.** This ETF doesn't go up when the markets are doing well, and when the stocks go down, this thing goes in free fall with them. Hell, even Reality Income, a REIT, has a 11.47 return since QYLD's inception. The above diagram shows similar style behavior in loss to QQQ even. I know it tracks that, but oh well. It is not what it should be doing. + +Please stop recommending this ETF to new people that want to invest in DRIP/Dividends. + +**Edit 1**: There have been a couple of arguments that have come up in the past 10 or so hours since I have created this. + +**Argument 1 -** You're not being fair to QYLD and your selected timeframe continues to not show relative data. Its only a selected timeframe. + +**Answer:** I do not understand why people continue to bring this argument up. Sure, the data above I show a bull market that is one of the biggest in history during low interest rates, but what data do you want me to use? QYLD came out in 2013. There is no data going past that. Especially to the "Dot Com Burst" that all of you want to mention. Your argument is just as flawed as QYLD's timeframe itself, as there is no data past 2013. + +**Argument 2 -** I don't care about this ETF and only care about the monthly payouts. It sits and I do nothing, and it pays me. So you are wrong and I am right. + +**Answer:** Again, another false claim, if you look at the data. This ETF's value at a stock-based price has depreciated by 34% since its inception in 2013. In respective terms at a 11% dividend, you've technically killed 3 of the 9 years since this ETF has been created in value alone. Say what you want about DRIP and other things, that is the case here, and you cannot deny it - + +https://preview.redd.it/et38z95ybo5a1.png?width=689&format=png&auto=webp&s=af4b3dc20289dd20911d0c4136158f48541132ec + +If it stayed stagnant at 25-23 range, I would understand a bit more there. There is another ETF that does that though - QQQX. QQQX has stayed relatively stagnant since its inception compared to QYLD. The only difference is that QQQX doesn't pay out a monthly dividend. The fact QYLD goes down during the biggest bull market of all time and continues to go down even faster during the recent downtrend is a huge red flag. + +You'd be better off continuing to invest in SCHD without reinvesting the dividends and selling 3-4% of the stock each year. SCHD would still pull around a 7-8% return on average with the dividends not reinvesting, still pulling a long term positive on your money. This hybrid model has been done by others with great success. + +If you're down for deprecating value and not getting a solid return on investment longer term, even at the older years, go for it. I don't see any argument here other than convenience and you not having to do any profile maintenance. Which is not really too smart at all. + +**Argument 3 -** You're making fun of my investment. My ETF is part of my religion, and I don't appreciate that. + +**Answer:** We need to be speculative and have an open mind set on criticism. If you don't do that with the finance market, then something is wrong. I feel bad that you have drawn an attraction to a stock/ETF, where the main goal of the institution is to make a profit on your investments. Since QYLD has a high expense ratio, that is another huge problem. + +No comments below have given me a detailed response showing QYLD being actually good, with proper data. +I recently saw some comments discussing the $20M in pulte homes puts bought shortly after pulte was threatened by the hegies. They were along the lines of buying pulte stock instead of $GME wouldn’t that be a great distraction to get apes to let up on our deathgrip of $GME? Get the apes so enraged at the hedgies play that they fool themselves into buying something other than the stock that they’re so afraid of apes buying holding and drs’ing that they directly threatened a u/realpulte just for mentioning he supports? Think about it apes, it’s another distraction. Don’t fall for the mind games, if they divide apes up into smaller groups it’s easier to deal with them. The king must fall first then the armies will scatter, the king is the uncovered naked shorts of $GME, DO NOT LET UP. THERE IS ONLY ONE STONK, APE NO DISTRACT APE. BUY HODL DRS. + +Edit: some apes are getting the wrong idea of the message so here’s the TL;DR: BUY HODL DRS sorry if I didn’t make that clear earlier +I'm just wondering if it possible to get a loan from a bank say in Italy to buy a house in Cyprus. + +Is it possible? If so which are the best banks to do so? + +And also is there any other organisation other than a bank that gives mortgages? 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If so, that also means they didn't have that money in the market *on the way up*. + +Once you have your allocation set (e.g. 80% stocks / 10% bonds / 10% cash), you should stick to that allocation. Sacrificing your cash position (or worse, your emergency fund) to buy more stocks could work out well, but it could be a disaster too. And if you had extra cash just sitting around that was available to buy stocks, then you almost certainly missed the chance to use that cash in the run-up before the drop. + +Don't time the market. Choose your allocation and stick to it. Dollar Cost Averaging is fine, but that should be an automatic process that is independent of what the market is doing. +Listen up you fucks, for most of you this is your first rodeo so let me tell you how this whole thing works. Some of you might remember me when I told you to hop on this tendie train at 9$ [when MSFT deal happened](https://www.reddit.com/r/wallstreetbets/comments/j7i28q/gme_launching_right_about_now_microsoft_agreement/), by [my DD about why GameStop is worth 138$](https://www.reddit.com/r/wallstreetbets/comments/jcjqba/gme_long_thesis_why_40_target_is_actually_a/) or by my other posts I've made here for months. As you've noticed, I LOVE THE STOCK. + +I've held through -90% at the lowest to +10,000% at the highest and I continue holding. I'm down $300k from the ATH at this point and I don't fucking care because this whole thing is far from being over. + +Now get these points through your thick head: + + +* **This is a fucking volatile stock.** + +This is how it goes: it shoots up, GME gang rejoices, a bunch of retards buys at the top. Then it crashes down for a while, 🌈🐻 keep blabbering about how the squeeze has squoze. Rinse and repeat. Every time it shoots up it does it more violently, the amplitude getting larger and larger. And every time it does there is a number of dickheads whining about not buying earlier: + +"I wish I bought at $9..." - when it shot up to $13, and them came down + +"I wish I bought at $11..." - when it shot up to $20, and them came down + +"I wish I bought at $17..." - when it shot up to $70, and them came down + +"I wish I bought at $40..." - when it shot up to $150, and them came down + +"I wish I bought at $60..." - when it shot up to $450, and them came down + +**Being in GME gang was always about not caring about temporary swings, because in the end, the price always sets a new ATH** + +I've seen this shit happening so many times since October that I just sit there and smile while history repeats itself and my porfolio swings 5-6 digits. + + + +* **GME was never a squeeze play**, despite what a lot of you retards think. + +Read any DD more than a month old, the whole company is massively undervalued . Read about Ryan Cohen, a person who made a dog food company worth $45bn and who is a fucking shark, once he sets his mind to something he will never back down. Thanks to him we now have a star team assembled at GameStop formed of [Matt Francis, CTO, former Engineering Leader at AWS; Kelli Durkin, Senior Vice President of Customer Care, former Chewy’s Vice President of Customer Service; Josh Krueger, Vice President of Fulfillment former senior fulfillment roles at Amazon, Walmart, and QVC](https://www.dallasnews.com/business/retail/2021/02/03/gamestop-announces-three-new-hires) (do I need to mention Reggie Fils-Aimé of a fucking Nintendo?). I am a firm believer that Cohen will manage to grow GameStop at the very least to the size of Chewy ($45bn market cap). Guess what GME has? $4bn. That's 12x bagger and I'm being very conservative here. + +**This is not about squeezing the hedge funds, this is about the company establishing it's true share price with wild swings along the way thanks to the 🌈🐻s**. The true price for me is (conservatively) the size of Chewy, which translates to $650. I know I said $138 in my previous DD a few months ago, but it was before all the recent news of Ryan Cohen taking over with his star-team. + +MOASS was a cherry on top (and still is on the table), not the main play + +Also, GameStop had a $6bn in revenue in 2019, Tesla had $24bn. Think about it for a moment + + + +* **Short interest is still through fucking roof**. + +I know you're used to 100%+ SI and the new 41% number does not quite gets you off, but it's still fucking abysmal. VW, OSTK happened on less than 20%. Also keep in mind that this number is for 1/29, literally the top when a lot of shorts covered. It does not account for all the shorting that happened on the way down to $50 which I guaran-fucking-tee you was massive. Just wait and see the next report with increased SI, the shorts never learn. + + + +**TL;DR:** GameStop is still undervalued. Conservative PT is $650, ambitious - $1200+ (assuming Ryan Cohen's success, which I don't doubt for a single moment). Short squeeze will last for a long time similar to $TSLA squeeze, with wild swings along the way - old shorts will cover, new ones will pile in because the bLoCkBuStEr narrative is still strong. This is still a risky gamble, no such thing as a sure bet, but the risk\reward is massively skewed to the upside + +If you have short-dated calls you might be fucked, might be not. If you have shares or LEAPS, just get away from screens for a while if it's unbearable for you, but ultimately you'll be fucking loaded. This is one of those situations when in a year or two the price is $3000+ and you post your cost basis of $70 and all the paper-handed bitches in the comments scream "WOW HE FUCKING HELD GRATZ" + +**Positions:** some Apr 40c, some Apr 200c and a shitload of Jan 2023 950c. Will dump the remaining cash into 2023 calls at open +Hello Reddit , I am 18 and have spent the last 6 weeks in hospital with GBS (rare neurological contrition). I was paralysed for a bit but I’m learning to walk again, have lost 15kg of muscle. I will be running a marathon for charity so am running an ig page (gbs2marathon) to raise money for charity. Luckily I have around 15k saved up so I’m cool financially. I trade and am thinking of doing FTMO challenge soon but if you were in my situation what would you do to make extra money whilst in hospital as I can’t go to work? If I can leave hospital with more money than I came in with, raise money and awareness through my story and be able to walk I will have made negatives into positives. Thank you +I found [this article from 2017 about Citadel hiring an ex-SEC director](https://www.wsj.com/articles/citadel-securities-hires-ex-sec-director-luparello-as-general-counsel-1491323109). + +I found it because I saw a fellow ape say "if the SEC knew about this shit and did nothing, then the market is fooked." + +And I thought, "hmm, how do I explain to this ape that of course they know. How? For instance, a ton of them work on Wall Street. Oh! I know. I'll search to see if anyone from the SEC works at Citadel." And guess what, apes? The ex fucking SEC director works for Citadel as their "general counselor." + +Oh, wow, Stephen. What kind of counselor are you? Are you the kind of counselor that talks to Ken about [the trauma of not getting his favorite ice cream in 2008 after he lost $8 billion fucking all of us over](https://nymag.com/intelligencer/2009/11/hedge-funder_ken_griffin_has_t.html)? Or do your cuddle him and whisper in his 🌈🐻 ear "That'll do, Kenneth. That'll do" while giving him workplace appropriate bums pats because of that one time [RC nuked his crime empire with a tweet of the very ice cream he'd previously been denied by his own irresponsible fuckery](https://www.ft.com/content/6c613f92-cf35-4b2e-b2b0-2ac0a6afb1fb). Or did you try to [help him stop his eyes getting so damned freaky when he cheats at UNO on Citadel official YouTube](https://youtu.be/5_f2AEiHY8w)? You were there when Citadel released that video, and you were counseling them, Stephen. I'd like to know. + +Just wow. An ex-SEC Director helping design and direct market fraud after do nothing to stop it when stopping it is what we paid him and trusted him to do. And here's the kind of bullshit media FUD that trains us to avoid asking questions or recognize the game; from the article about Stephen's hiring at Citadel: + +>One of the country’s most prominent stock-market regulators has finally switched sides, opting to join Citadel Securities, one of the largest trading firms in the country. +Stephen Luparello will join Citadel Securities as its general counsel in May... + +Why is this FUD, you ask? He didn't switch sides! Obviously! He let Citadel fuck us so hard they gave him a 🌈🐻 parachute for his help to do it some more! Language designed to give us the impression that he actually regulated the market in a way that was opposed to the interests of Wall Street and, therefore, aligned with our interests. Smh. + +Here's what I'm getting at: + +We, as a people, let Stephen Luparello be fucking terrible at his job. That let's these hedge fund assholes fuck the whole world. And it is actually our responsibility as citizens because these are government employees who represent us to the world. And we can force the firing of these motherfuckers. In fact, [here's the SEC payscale that shows an approximation of how much we paid Stephen to help people like Ken Griffen fuck us over](https://www.sec.gov/ohr/sec-compensation). And, again, how good was Stephen at helping Ken Griffin fuck us??? So good at helping Ken fuck us that Ken asked Stephen, with eyes as intense as 1000 suns and 3000 times creepier, "can I hire you to help me do this even better as my company's General Counselor?" + +And shorting the bond market? Well... [Citadel hired Ben Bernanke, former Chairman of the Federal Reserve, in 2015](https://www.citadel.com/news/dr-ben-bernanke-serve-senior-advisor-citadel/) to be their Senior Advisor. Here's an article literally titled ["Ben Bernanke Bends the Bond Market to His Iron Will"](https://www.wsj.com/articles/BL-MB-39960). And now they might have shorted the bond market more than 100%... + +What a scam. + +A lot of you probably already know this wrinkle to the corruption saga, and I'm made of tinfoil and expect this shit, but something about this caught me off guard tonight. I don't know why this particular piece of information made me stop and think, *no. This shit is no longer acceptable.* + +Regardless, you have a job to do Gary Gensler. We can all see hedgies [fucking with meme stocks other than GameStop to scare retail from riding the GameStop MOASS rocket as high as it should go when we start to moon with an orchestrated pump and dump](https://www.marketwatch.com/story/interactive-brokers-founder-says-problem-with-amc-entertainment-memes-peoplewill-lose-a-very-substantial-amount-of-money-11622836260). So ether do your fucking job, give us 5 exaggerated blinks in a row at your next press conference if you're worried big money will kill you if you do your job, or gtfo. We caught hedgies fair and square. Through all the FUD, all the learning, and time that has passed getting to this point, remember that apes. We caught a bunch of motherfuckers in a bad yolo meant to destroy something we care about. + +Rockets 🚀🚀🚀🚀🚀🚀🚀🚀🚀🌙 +The other day I was telling a friend that I passed $50 annually in dividends. He asked how much I invested (just above 1k) and he told me thats such a waste, 1k for $50 a year is nothing. What do you tell people like that? + +EDIT: Thanks everyone for the replies, i made some progress with my friend and thankfully he has seen the light! +Hi, y’all didn’t know where to ask this question and get a response. + +I am moving to Chicago for a job at 55k base and looking at neighbors. If I stay in that 20% 1200 a month area, it’s not that great. If I push it to 1600, I won’t be saving much but would feel better living in a nicer place. + +What would y’all recommend suck it up for a year or two or push it and not go to bars as much? +For the high net worth and high income people here, just wondering at what age do you start to earn very high income? And most importantly how did they come about? Is it something you planned thoroughly? + + +Am 32 and earning much less than what I thought I would by this stage. Was at a couple of hedge funds that end up blowing up. Base was abysmal though there was potential for good bonus that never came about because the funds blew up. I then jumped to corporate which removes the potential for windfall bonus. Base is nowhere near FIRE level, let alone fatFIRE. I live decently and not extravagantly and can save around 3k per month + + +I had very high expectation of myself and still am and am honestly very disappointed in the financial state that I'm in. I also don't see where significant increase will come from. I'm not based in the US so it's legal to ask for previous salary. I noticed most employers in this country simply take your previous salary and add 15 to 20% when you moved job + +I'm also currently single but am thinking to start a new family in the next few years which means that any raise will probably be offset by higher cost + + +Am looking for inspiration and advices from high income people here on how to maximise comp during these prime earning years. Thank you very much. +My wife and I recently started one and we put in a little from each paycheck. Whenever we do something fun, such as a small date night or a mini (for now) vacation, we don't feel guilty about spending the money anymore. It's honestly an amazing feeling and I recommend it to all. +So, you made enough money, and now you don't have to work anymore. What gives your life meaning now? Work is good at stealing hours of your life and energy, so many of us don't have time to think of existential things. But without such drain, what is driving you, what makes you tick, what gives your life meaning and joy, sense of accomplishment? Sure RE is not the last accomplishment you want to have in your life +Penn gaming is being added to the S&P500 later this month, after experiencing a meteoric rise from extreme lows last March. The run up has been incredible for PENN and most other gaming stocks, as more states look to legalize sports betting. + +https://www.marketwatch.com/story/s-p-500-bets-on-penn-national-gaming-and-caesars-in-index-reshuffle-11615589867 + +Personally, even at its current valuation, I’m bullish on PENN (as well as DKNG). As states look to climb out of COVID related debt, I think sports betting becomes even more widespread. Additionally, PENN will increase its ownership of Barstool Sports (a $20bn company in its own right) to 50% over the next few years. + +EDIT: Barstool may or may not be worth $20B, depends on if you believe Dave Portnoy say so. +Independent of the financial aspect, I'd like some input on the practical aspects of owning a second house (vacation or wintering). + +I have a hard time accepting that I would have a property a long way away that I couldn't be there to watch/maintain. How do you handle this? Hire a local service to check on it once a week? Count on new friends/neighbors? Have a townhome/condo with an HOA that takes care of it? + +* What type of property did you select and why? SFH, condo/townhome? +* What HOA fees (or similar) can one expect? Obviously, this varies considerably but are we talking hundreds per month or thousand? Are these fees responsibly managed or do they grow each year in an out of control fashion? +* How much time per year do you spend in each residence? +* Do you completely furnish each residence or do you take some stuff with you when you transition? +* If you don't mind saying, could you tell me _where_ you selected? I'm just building a list of places to evaluate. +* Last question, knowing what you know now, would you make the purchase again? + +NOTE: My current domicile is permanent due to family and business. I don't have any concern about leaving my primary residence unattended. However, feel free to comment on this if you think others might benefit. +I’m a finance student that is finally sitting down and reading everything on my list - The Intelligent Investor, The Little Book That Builds Wealth, Common Stocks and Uncommon Profits, and so on… + +I’m a few chapters in and a lot of this stuff is telling me things I already know. I grew up listening to Buffett and the overall message I get is that the closest thing you’ll get to certainty in such an uncertain market is relying on fundamentals over the long-term; everything which I’ve enjoyed learning about in school through business/economics classes. + +That being said, I’m honestly finding myself more interested in a career outside of portfolio management. I’d like to do investment banking and eventually pivot towards venture capital. For all the work that goes into picking stocks, I feel like I’m (personally) far happier putting my savings into a market index and calling it a day as I focus my time on other interests. Maybe it’s the timing, but I’m also honestly unsure of what to make of the markets in their current state right now. I can’t imagine having a job where I analyze every company and come to the conclusion that it’s selling for way above its “fair” value. + +Should… I continue reading these books? I apologize if this is a dumb question. Maybe I’m thinking too highly of myself, but I feel like I haven’t gotten too much out of Graham’s book so far. I’m planning on reading Investment Banking by Pearl/Rosenbaum as it relates to the work I want to do, but as for the typical investment books that are recommended for people getting into finance, I don’t know if they’ll offer me much new insight. Although I’m sure they’re great for refreshing knowledge and for referencing in the future. + +Thoughts? +When you just look at the PE of 50, you may think it’s way overvalued, but majority of that has to do with supply chain issues. The Forward PE is 20 which is much more attractive, however that doesn’t tell the full story. With investments into e-commerce and specifically their plan to lower fees, I seriously think WMT is a contender. With their margins being so low, successfully entering as a player in the e-commerce space can completely change the company and future IMO. +$ATVI was trading at 64$ and yesterday on the news of $MSFT offer had a nice pop to $90+ before settling at around $82. $ATVI is trading down at $80-81 range. + +I am struggling to see why should one not buy $ATVI at this price with the MSFT offer price at $95 with 15-20% upside from here- regardless of the intrinsic value. + +Granted there are significant regulatory hurdles to go through - it will take time but what's the risk besides that? Arguably, it may even be available at a better price considering the bearish market we are in and the way stocks are trading? +Netflix is the first disruptive company that I'm valuing and I'd love to get your opinion on it but also suggestions for companies to value in the future. + +Based on my model, the intrinsic value per share is $374 (compared to the current price of $527). + +Below is a link to my video where I explain my approach and go through all the details. + +[https://youtu.be/InFj3GYoZdE](https://youtu.be/InFj3GYoZdE) + +I'm looking forward to hearing your feedback! + +&#x200B; + +This is my 7th Casual valuation after iRobot, Coca-Cola, Target, Etsy, Clorox, and Verizon. +Given this is a value investing group I thought it may be interesting to hear opinions on why members of this group chose this particular style. The style has outperformed growth over multiple decades except for the most recent decade (2009-2019). Curious to see hear thoughts/opinions? +At the beginning of the year, I decided to increase my positions in SPACs as I did OK in 2020. Also I decided to start a decent position in tech stocks following Jonah Lupton portfolio (not blaming him, I just fomoed and wanted to be part of it). + +All shares + +By the end of April I learned about options, but thanks God I joined this sub and not WSB 🙃 + +This has been my progress YTD: + +[2021 YTD](https://preview.redd.it/shws107tejz71.png?width=793&format=png&auto=webp&s=7f137f54553e763e4ad45e22664fad921d5fe589) + +Thank you for helping!! +Hi Everyone, + +I’m new to the game of buying stocks. Just recently got into it this last month. Just want to make sure I have secure future. + +I’ve been reading about ETFs and looking to invest. Everything I invest in is for the long run. Not looking to make a quick profit (but hey if that’s possible too just let me know how lol). + +Anyone recommend a good ETF for a beginner like me? Any other advice would be highly appreciated. + +P.S. Was able to secure some $AMC last week and am holding! +I've more or less laid out a "base" portfolio with the following: + +SCHF \~20% + +ICLN \~ 20% + +VV \~ 40% + +VB \~20% + +&#x200B; + +Im looking to add more etfs that are growth heavy but also something that i can buy and hold. QQQM looks quite attractive as a growth ETF, but also maybe QQQJ? What do you guys think I should look at in addition? +I understand the QQQ is the top 100 tech companies in the nasdaq and that the TQQQ is triple leveraged against it's daily gain or loss. But can someone explain how this would make a significant difference for multi-day gains or over a year? I just don't understand how that it would apply triple for a days value but not necessarily for a year? +Too often I see people - mega high income earners ($1.5M+ a year) continue to work well into their 50s and 60s. These people are super hard workers and have a great work ethic and I admire them. However, can someone help me understand what the point is of continuing to work once you have a nice house, a few investment properties to provide stable income and a good mix of shares? At that point you basically don't have to worry about money anymore and can do the things you enjoy. + +At least that's what I would do. I am currently on $165K a year (which includes a $40K bonus). I love my job and will continue working well into my 40s (am 26 currently), but once I have my house fully paid off and enough savings I will likely retire. + +Are these people just genuinely in love with their work, is it greed or are they saving for something beyond a house (which to me is the great aussie dream)? + +Hope I can get some clarification. Please note I am note attacking these people, just genuinely curious. Many of my friends are high income earners and I respect them greatly for their work ethic. + +As a kid I've always wanted to become a professional video gamer or get good at some sport. Maybe a bit of travelling. Once I am able to forget about money, I will stop chasing it. Or so I think... This is a rather interesting phenomenon because I could have sworn when I was just in Year 12 I told myself I would donate half of my salary once I started earning over 6 figures. Yet here I am and I can't imagine doing that. + +Is this just a thing where we just want to succeed more and more and are never satisfied with the end point? :/ +I live in CA and started with real estate 5 years ago. A lot of people suggest the mid-west and other places with much better cash flow. We ended up buying two quadraplexes within driving distance just cause we were more comfortable with being able to easily visit the places. + +Our first quad was $800k and had a cash flow of $2k the first year. Then it went up to $10k, then $20k, then $24k, then $26k. According to the rules on here, no one would recommend buying such a place. In general, it has been pretty turnkey. We have about $2k of maintenance calls per year, and then a few larger things, like replacing water heaters, replacing some flooring, etc. Still nothing more than a few thousand additional per year (although this year we put AC in all units which cost $9500, including all the new electrical breakers). We have all long term tenants and no one has moved in 4 years. + +Right now, our rents are a bit undermarket because of the pandemic, we didn't raise them last year as anticipated. When we bought the place, rents were $5740/month. Now they are $7k/month. We've been raising them 5%/yr (roughly) and have become undermarket. We should have raised them more, but also the year without raising them affected that. + +The property was recently valued at $1.3million. It blew our minds. We looked into comps and talked to agents and found out that yes, we could definitely get that for our place. I did the math, including having 8% in selling fees and closing costs if we sell. We paid 25% down, and our return has averaged 28%/yr for the last 5 years. That is way better than the stock market. + +Our second quad was bought a year after the first. It came with terrible tenants and a lot of bad infrastructure. We had to put about $80k total into redoing all the units completely (new kitchen/bathroom/water heaters/doors/paint). It cost $850k and took 3 years to finally have a positive cash flow. So even with that being a much worse deal, on average, our cash we put into that had a return of 20%/yr. + +Just giving a different perspective that has worked out pretty well. +I live in CA and started with real estate 5 years ago. A lot of people suggest the mid-west and other places with much better cash flow. We ended up buying two quadraplexes within driving distance just cause we were more comfortable with being able to easily visit the places. + +Our first quad was $800k and had a cash flow of $2k the first year. Then it went up to $10k, then $20k, then $24k, then $26k. According to the rules on here, no one would recommend buying such a place. In general, it has been pretty turnkey. We have about $2k of maintenance calls per year, and then a few larger things, like replacing water heaters, replacing some flooring, etc. Still nothing more than a few thousand additional per year (although this year we put AC in all units which cost $9500, including all the new electrical breakers). We have all long term tenants and no one has moved in 4 years. + +Right now, our rents are a bit undermarket because of the pandemic, we didn't raise them last year as anticipated. When we bought the place, rents were $5740/month. Now they are $7k/month. We've been raising them 5%/yr (roughly) and have become undermarket. We should have raised them more, but also the year without raising them affected that. + +The property was recently valued at $1.3million. It blew our minds. We looked into comps and talked to agents and found out that yes, we could definitely get that for our place. I did the math, including having 8% in selling fees and closing costs if we sell. We paid 25% down, and our return has averaged 28%/yr for the last 5 years. That is way better than the stock market. + +Our second quad was bought a year after the first. It came with terrible tenants and a lot of bad infrastructure. We had to put about $80k total into redoing all the units completely (new kitchen/bathroom/water heaters/doors/paint). It cost $850k and took 3 years to finally have a positive cash flow. So even with that being a much worse deal, on average, our cash we put into that had a return of 20%/yr. + +Just giving a different perspective that has worked out pretty well. +I didn't see any posts on this here, so I thought I'd post this here for discussion. Here is a link to an AP article about this: https://apnews.com/article/us-supreme-court-courts-supreme-courts-health-coronavirus-pandemic-157f6feec3197dd34cba492fd1b92f71 + +I don't like this personally as this means that a similar event could potentially happen again. Letting tenants steal from landlords (e.g. living in a place without paying for it) isn't good policy, in my opinion. +On this day last year Ethereum traded at $130. Signalling for BIP91 began this week & uncertainty around the Bitcoin Segwit2x Hardfork loomed. Funny how much has happened in only the 12 months! + +https://i.redd.it/pz60jsam91a11.png +Big ole dirty wall of text incoming, but for a frequently discussed company I figured it was worth writing out and reading if you are interested. + +**Intro** + +Most companies listed on the TSX are relatively easy to understand: Banks, Trains, Oil and Gas production/transportation/distribution, Telcos, Insurance, a gas station/convenience store chain, and like 3 tech companies. On the other side of the spectrum is one of the most complex and diversified companies – a corporate accounting masterclass in maximizing value - that most of us know and probably already own: Brookfield Asset Management, Inc. (BAM-A.TO). Most current discussion on Brookfield is either one or two clarifying question(s), a bit of history/breakdown, or just general 'they are amazing, just buy them' statements. I hope to provide as much of a be-all-end-all post and discussion on Brookfield in this post. + +I have a probable (most definitely tbh) way too high risk-adjusted portfolio weight towards Brookfield, I read every financial report and listen to each earnings call for Brookfield and all of the subsidiaries. I will therefore do my best to break down one of the most under the radar, underappreciated, and unlimited-potential public companies in North America: Brookfield Asset Management, Inc. They may be one of the top-10 biggest companies in Canada, but are only the 192nd largest company globally with so much potential to climb that list, and most people outside of those who are actively involved in investing have never heard of them. + +**Important History** + +A quick-ish overview of Brookfield (I will call the entire company- currently BAM.A or Brookfield Asset Management- simply 'Brookfield ' for simplification). They used to be (founded in 1899) a global conglomerate (mostly located in Brazil and Canada), with various companies in different industries. There are a couple ownership and name changes between 1899 and the Brookfield we know now, but they aren\`t that important. What is important is that Bruce Flatt, a chartered accountant and current CEO, started working at Brookfield (then named Brascan) in their investment division in 1990, became the CEO of Brookfield Properties in 2000, and then CEO of the entire Brookfield company in 2002. + +**Change in Approach** + +Modern Brookfield and its success do not exist without Bruce Flatt due to his approach and vision for Brookfield that he implemented when he took over. His 3 major changes to Brookfield were straightforward: + +1. shift from a standalone infrastructure company into one that seeks out investors who Brookfield will help invest their money for into the assets they specialize in (with Brookfield investing their own capital alongside their clients) for a management fee. Additional investors & owners should in theory remove some of the financial risk from Brookfield if things turned south. +2. Brookfield seeks out undervalued assets, buy them at distressed times with depressed values, then sell them after improving financial efficiencies when they are more favoured by their market (like Buffett and Berkshire but without the forever ownership, Brookfield constantly slides in and out of assets). +3. streamline the assets that are owned and managed by Brookfield into ones that meet 2 essential criteria: critically crucial to their industry and provide consistent, stable, and recurring/perpetual cash flows. + +An example for point 3 above is from Flatt's Bloomberg interview on YouTube (a must-watch), where he discusses how 'old' Brookfield owned a mining company. Commodity production cash flow is very volatile due to commodity prices. However, there was crucial infrastructure involved with the operation of these mines- namely hydro plants that provided renewable power for the mining operations. 'New' Brookfield under Flatt sold off the mining production but kept the power generation and transmission assets. These assets provided the essential infrastructure and energy needed to continue the mine operations, at a perpetual fixed price that paid predictable cash flow to Brookfield. + +This is their overarching approach to the assets they are involved with in any capacity. Real estate, power production and transmission, infrastructure- such as toll roads, cell towers, pipelines- and most recently private credit and insurance. These industries all have components that are essential to their function that always need to be paid (to Brookfield). Rent, electricity, data, debt repayment, pipeline use, insurance premiums, whatever. These all need to be paid or whatever is using them ceases to function. A most recent investment by Brookfield was in a music royalty partnership. This may seem like a strange move, but music royalties match their preferred asset class criteria: perpetual and stable cash flow, and proprietor-decided pricing. + +**What does Brookfield do & Who do they do it for (and with)?** + +It's all in their current name – Brookfield Asset Management. Brookfield manages assets for their clients- namely institutional investors. These could by high net-worth individuals, banks, governments, sovereign wealth funds, pension funds, etc. Brookfield is one of the global leaders in identifying and brokering the sort of deals required for these mega money clients to gain ownership of major alternative assets. + +Brookfield invests almost exclusively in 'Real' or 'alternative' assets: assets outside traditional, liquid assets like equities, bonds, and cash. They are often very illiquid and difficult to buy and sell. You can buy Enbridge stock, but good luck buying a physical pipeline directly. These sorts of assets and deals are Brookfield's bread and butter- desirable alternative/real asset investing for truly diversified, mega money clients who will pay a recurring fee to Brookfield to manage the assets at a target rate of return (think like an MER for an ETF to rebalance). Additionally, Brookfield also earns carried interest, which is when profits are in excess of the above mentioned, agreed upon, rate of returns for their clients (and there is minimal downside risk to the asset and/or it`s cash flow). Essentially, when Brookfield makes too much money for their clients, they get to skim off the top as well… + +The clients of Brookfield who now technically own these assets outright or a portion of them will then receive the ongoing profits from these assets (following the criteria in point three from above). How these investments are funded is via what Brookfield calls their 'Vintages' (Flagship ones being their biggest and most sought-after). A Vintage is essentially fundraising with a desired $ amount and investment goal. A specific example: Brookfield closed a $10 billion 'Global Transition Fund' (or Vintage). A global transition means that they will purchase existing non-renewable assets, retire them, and replace them with renewables. Assets like a coal-fired plant being shut down and replaced with wind/solar for energy generation. Brookfield will seek clients who are interested in this sort of investment and fundraise from one or many of these clients until this vintage is 'full' - at least the $15 billion they have plans to raise and put to use. From here, Brookfield may also invest some of their own capital – revolving credit facilities and/or cash – to be a part owner with their clients. This is something Brookfield is essentially unique for within their industry. Most money managers simply manage and get paid to do so. Brookfield has skin in the game with their clients (and now partners), so they have an increased interest in the success of their assets. They also now receive funds from the operation of these assets, as well as the fees from their partners who they are managing the assets for. + +Another important aspect to these vintages: Brookfield may invest in these assets to improve them and/or sell them outright when enough value has been grown from them. They bought Westinghouse – a nuclear reactor producer – when they were on the verge of bankruptcy and nuclear energy was very much frowned upon. Now that the energy crisis is occurring and nuclear is back in discussion, they sold a minority stake in their vastly improved (after investing in improving financial efficiency) Westinghouse for a huge profit- while still retaining a controlling stake. Profits from these sorts of moves can also be paid out to clients, or 'recycled' into additional new or ongoing vintages. A single client may have funds across several vintages in several industries and may invest profits into growing their existing investments or further diversification. Its like a compounding DRIP but with real assets under Brookfield. This is a huge tailwind for Brookfield, as they have a lot of room to grow for vintage recycling and sector diversification for this recycling by clients as well. + +**Spin-offs – Which friggen' Brookfield to buy?** + +A corporate spin-off means that a segment or division of an existing company is legally separated and becomes it\`s own publicly-listed company. As an easy to digest example, imagine if Google made YouTube its own 'company', or Amazon made Amazon Web Services it\`s own company. You could still buy Google or Amazon, but you could also buy YouTube Inc. or AWS, Inc. separately. This allows you to adjust your weighting for a spun-off company vs the original in your portfolio. This is done most often to 'unlock the value' of the separated segment, which the parent company may believe is not being appropriately valued by the equities market when held 100% internally and wants to provide further value to shareholders. Almost always, the original parent company would retain an ownership percentage of this new company – usually a controlling stake. This means that the spin-off is its own separate legal entity, but would still be completely controlled by the parent company. This is all important because it helps clear up the BIP, BEP, BBU, (and the .UN limited partnerships), and BAMR confusion often discussed here and what you are buying and which to buy. I am not going to tell you which ticker/corporation and why, but I personally hold BAM and all the Corporation spin-off subsidiaries. It is a personal choice, and just remember what exactly you are buying. + +All the Brookfield's used to be just one corporation /business and one ticker – BAM.A. All their businesses and everything they did were all under the BAM name (in securities and corporation legal language). This actually made analyzing the company and their financials even more challenging – Imagine all of the current Brookfield subsidiaries' financial statements either added to BAMs or some info just left out for simplification. This would make it a pain to truly identify their key assets. A similar example is going back to Alaphabet. They used to not disclose operating segments separate revenues, so you couldn't tell how much of their revenue came from each of advertising, hardware, YouTube, etc. Just one huge ass number. Separating all this info allows for more scrutiny and appropriate evaluation of the different components of the business. + +Back to the spin-offs. Flatt & co. have spun out 4 parts of their business to date (with another happening soon): Their Infrastructure business/BIP & BIPC (owner and operator of their utilities, transport, midstream, and data businesses), Renewables/ BEP & BEPC (renewable power generation and transmission and global energy transition), Business Partners/ BBU & BBUC (services and business such as mortgage lending/insuring, government lottery service providers, basically most things that don't fall under their other businesses), and Insurance and Reinsurance/ BAMR ( reinsurance is basically insurance for insurance providers – transferring some of their risk for a fee in case of catastrophic circumstances that could cause a lot of financial damage to the original insurer – its insurance all the way down!). + +These spin-offs meant that Brookfield Corp. provided shares of these new companies to owners of the Brookfield Mothership at a value originally calculated based off what was distributed from the original BAM.A shares. For example- Brookfield Corp. is spinning off their Asset Management business and providing 1 share of BAM for every 4 shares of BN (what is currently BAM.A but will become BN. Your BAM.A shares become BN and the distributed shares will be BAM which is just their asset management and BN is the mothership). Therefore, your BAM (now BN) shares will decrease in value by 25% and your new BAM shares will be worth 25% of the value of the price of BAM at the time of this spin. + +This happened for all spin offs, and again for the creation of the corporation shares from the original Limited Partnership shares. Limited Partnerships means that there is a managing partner (Brookfield the mothership is for all partnerships) and a partner who is not involved in the operations (us as the BIP/BEP/BBU .UN shares). These are all subsidiaries of the big BAM. Corporation shares (corporations board of directors and C-suites chosen by shareholders) were spun out from these LP shares. This means that each corporation/segment now has it\`s own CEO, CFO, COO, etc. but they are subsidiaries of the Limited Partnerships that are managed by Brookfield Corporation at the very top. Fun to follow right? The next fun part is who the top shareholders for these separate companies is: Brookfield Corp. itself. They have a: 27% stake in Infrastructure, 48% in Renewables, 65% in Business Partners, and soon 75% in their Asset Management. While they don't have full voting control (50% plus one share) of BIP or BEP, we would be foolish to think Brookfield Corp. and Flatt don\`t have a great big say in what these two divisions do because Brookfield manages these spin-offs. Bruce Flatt rules over all of Brookfield with his Managing partners. There is some extra tricky and frankly a little shady stuff where us as BAM.A shareholders don\`t have any real decision-making power (the managing partner hold BAM.B shares which have all the voting power), but I have full faith in the controlling partners, and don\`t want some idiot minority shareholder railroading them and messing with the secret sauce. + +**The Good, The Bad (that’s actually decently good), and The Not Great** + +I've laid out most of what Brookfield is and what makes them great- they are company whose sole purpose is to make themselves and their client's money with mostly real assets in specific industries that provide stable & perpetual cash flows, and are essential to the operation of that industry. The executives up and down their C-suites are masters of their craft. Bruce Flatt needs no further discussion. Mark Carney – the soon to be Chair of the spin-off Asset Manager, and current Vice Chair for all of Brookfield, and head of their transition investing – used to be the governor of the Bank of England and the Bank of Canada from 2008 to 2020, has a bachelor degree in economics from Harvard and a Masters and PhD from Oxford… Quite the resume and big picture education and experience that I have utmost respect and confidence with for helping lead Brookfield. + +The rest of the C-Suites for Brookfield- and it`s spin-offs- are full of MBAs and Chartered Accountants. The recurring Accountant distinction among the executives could be seen as a positive or a negative. Over-accounting has done a lot of damage to a lot of great companies. Intel is a prime example, where accounting nickel and diming being prioritized over innovation and engineering led to the start of Intel's slow burn downwards for most of the 2000s. There is always a risk to a big emphasis on the number's guys for capitalism. A commonly frowned upon trend for companies and assets that Brookfield purchases is that they are stripped to the bone, efficiencies are maxed at the expense of a lot of the original company and employees, and then what is left over usually eventually sold for top dollar or for parts. This is an ugly side to capitalism compared to say Buffett and Berkshire who buy companies, assist the executives with their companies, and own them and assist with their success and hope to have them thrive forever. Personally, I feel that a lot of big picture decision makers at the top who have an education in accounting (where making the money work as efficiently as possible) when their company has a sole top goal of making money for themselves and their clients is a net positive for the company. + +Another thing with all the accounting professionals within Brookfield to consider is how damn their financials are. All the Corporation structure discussed above, how frequently Brookfield acquires and sells assets, the quantity of income streams they have, and the costs of these income streams means that there is a lot to include in their financials. All I can say is be patient and ACTUALLY READ their financial statements. Don\`t just breeze over the comments and look at a couple of the numbers from their income statements. Yes, BAM has a 60 page quarterly report and a TWO HUNDRED AND FORTY page annual report from 2021, but If you intend to place any weighting higher than what is within an ETF into any single company, you really should know more about the company you are putting your retirement into than the surface level info. I have most of my current retirement money with the Brookfield\`s, so I am on top of the financials and their ongoing transactions at all times. + +**What about their Debt???** + +A common negative for Brookfield is how much debt is on their balance sheet. Again, this is surface level analysis and not quite accurate to the level of risk this offers. Brookfield the Corporation has a total of a little over 12 billion 'corporate borrowings', while all the rest of their almost 200 billion in debt is property-specific, non-recourse, and long-dated fixed debt. Property-Specific and non-recourse means that if the creditor does not receive the payments from their debt, all they can do is confiscate the asset they have the loan on, and no material impact will happen to the owning corporation. The only debt the actual corporation has is roughly 12-15% of debt to capitalization (12 billion debt for an 85 billion company) which is actually a fantastic ratio for a company of Brookfield's size. + +Additionally, when they spin off their asset manager, the debt held by the asset manager will be zero. Not too shabby for their crown jewel division that they intend to payout 90% of funds from operations to shareholders- and 75% of that is going right up to the Brookfield Corporation. Finally, most of their debt (including 10.8 of the 12 billion corporate debt) is fixed-rate (so not impacted by rising rates at the moment) and at an average length of 13 years and maturing between 2024 and 2080. Again, not nearly as much of a risk as just seeing 200 billion in debt on Yahoo Finance... Even the biggest dog Apple has around 120 billion in total debt, and they have far less leveraged assets (Brookfield is the LARGEST landlord in New York, London, Los Angeles, Toronto, and additional major cities like Houston…) so while there is a risk of having so many assets on the balance sheet with debt- even if it does not have a material risk to the corporation- Brookfield owns just so many cash-producing assets, plus their money wizardry, means that they can keep their enormous ship going and flowing. + +Will rising rates hurt their ability to borrow? Eventually yes, and with markets being forward-looking, this is apparent in their share price dropping like its hot. Long, looong term though, this is a fantastic opportunity to accumulate since I believe that we are all too drunk on cheap-ish money, and rates will not climb to obscene levels and will likely stabilize and/or dip. FInally, Brookfield may place more focus on their fundraising vintages and management fees/carried interest and add far less of their own capital (cash and debt) into the assets they continue to involve themselves with. Knowing how good they are with money, I still have faith. + +**Capitalism often brings out the worst in people** + +Look no further than the Wikipedia page for Brookfield to see their controversies section and some of the shady business practices they have been accused of and lawsuits they have been involved with. If you are a conscientious investor, then Brookfield probably is not for you (even with their huge emphasis on renewable power and transitioning to it). One of their biggest stinkers (depending on one's political opinions) is leasing Jared Kushner's 666 Fifth Ave skyscraper for 99-years. This is a property that was a majorly expensive scorn for Donald Trump's son-in-law, and there is a lot of correlation and suspicion here that Brookfield- and their major investor/customer Qatar Investment Authority- did this to curry favour with the… we can say controversial… former presidential administration. + +**Conclusion** + +Brookfield is a complex company, but with curiosity and patience, they are not necessarily a complicated company. As we have seen with the equities and bond markets, having too much exposure to these asset classes can be very risky. True diversity, especially for the biggest wealth funds and richest of the rich, involves diversity that us everyday people could not imagine. Real assets, alternative assets. Don't buy shares in a pipeline company, buy the pipeline. Don't buy a hotel REIT, but the Atlantis Paradise Island Resort. There is no better company to help broker this sort of deals, at the best prices and the best rates of return, than Brookfield Corporation and their spiderweb of sharks and industry specialists. 2,200 Investment specialists, over 180,000 operating staff, and the best of the best executives making the decisions. I probably should not have so much of my equities net-worth in the Brookfield\`s (now above 95%, whoops), but I have a lot of time left in my investing life to take such a balls-to-the-wall risk on one my favourite and high conviction public companies. BAAAAAAAAAAM +Big ole dirty wall of text incoming, but for a frequently discussed company I figured it was worth writing out and reading if you are interested. + +**Intro** + +Most companies listed on the TSX are relatively easy to understand: Banks, Trains, Oil and Gas production/transportation/distribution, Telcos, Insurance, a gas station/convenience store chain, and like 3 tech companies. On the other side of the spectrum is one of the most complex and diversified companies – a corporate accounting masterclass in maximizing value - that most of us know and probably already own: Brookfield Asset Management, Inc. (BAM-A.TO). Most current discussion on Brookfield is either one or two clarifying question(s), a bit of history/breakdown, or just general 'they are amazing, just buy them' statements. I hope to provide as much of a be-all-end-all post and discussion on Brookfield in this post. + +I have a probable (most definitely tbh) way too high risk-adjusted portfolio weight towards Brookfield, I read every financial report and listen to each earnings call for Brookfield and all of the subsidiaries. I will therefore do my best to break down one of the most under the radar, underappreciated, and unlimited-potential public companies in North America: Brookfield Asset Management, Inc. They may be one of the top-10 biggest companies in Canada, but are only the 192nd largest company globally with so much potential to climb that list, and most people outside of those who are actively involved in investing have never heard of them. + +**Important History** + +A quick-ish overview of Brookfield (I will call the entire company- currently BAM.A or Brookfield Asset Management- simply 'Brookfield ' for simplification). They used to be (founded in 1899) a global conglomerate (mostly located in Brazil and Canada), with various companies in different industries. There are a couple ownership and name changes between 1899 and the Brookfield we know now, but they aren\`t that important. What is important is that Bruce Flatt, a chartered accountant and current CEO, started working at Brookfield (then named Brascan) in their investment division in 1990, became the CEO of Brookfield Properties in 2000, and then CEO of the entire Brookfield company in 2002. + +**Change in Approach** + +Modern Brookfield and its success do not exist without Bruce Flatt due to his approach and vision for Brookfield that he implemented when he took over. His 3 major changes to Brookfield were straightforward: + +1. shift from a standalone infrastructure company into one that seeks out investors who Brookfield will help invest their money for into the assets they specialize in (with Brookfield investing their own capital alongside their clients) for a management fee. Additional investors & owners should in theory remove some of the financial risk from Brookfield if things turned south. +2. Brookfield seeks out undervalued assets, buy them at distressed times with depressed values, then sell them after improving financial efficiencies when they are more favoured by their market (like Buffett and Berkshire but without the forever ownership, Brookfield constantly slides in and out of assets). +3. streamline the assets that are owned and managed by Brookfield into ones that meet 2 essential criteria: critically crucial to their industry and provide consistent, stable, and recurring/perpetual cash flows. + +An example for point 3 above is from Flatt's Bloomberg interview on YouTube (a must-watch), where he discusses how 'old' Brookfield owned a mining company. Commodity production cash flow is very volatile due to commodity prices. However, there was crucial infrastructure involved with the operation of these mines- namely hydro plants that provided renewable power for the mining operations. 'New' Brookfield under Flatt sold off the mining production but kept the power generation and transmission assets. These assets provided the essential infrastructure and energy needed to continue the mine operations, at a perpetual fixed price that paid predictable cash flow to Brookfield. + +This is their overarching approach to the assets they are involved with in any capacity. Real estate, power production and transmission, infrastructure- such as toll roads, cell towers, pipelines- and most recently private credit and insurance. These industries all have components that are essential to their function that always need to be paid (to Brookfield). Rent, electricity, data, debt repayment, pipeline use, insurance premiums, whatever. These all need to be paid or whatever is using them ceases to function. A most recent investment by Brookfield was in a music royalty partnership. This may seem like a strange move, but music royalties match their preferred asset class criteria: perpetual and stable cash flow, and proprietor-decided pricing. + +**What does Brookfield do & Who do they do it for (and with)?** + +It's all in their current name – Brookfield Asset Management. Brookfield manages assets for their clients- namely institutional investors. These could by high net-worth individuals, banks, governments, sovereign wealth funds, pension funds, etc. Brookfield is one of the global leaders in identifying and brokering the sort of deals required for these mega money clients to gain ownership of major alternative assets. + +Brookfield invests almost exclusively in 'Real' or 'alternative' assets: assets outside traditional, liquid assets like equities, bonds, and cash. They are often very illiquid and difficult to buy and sell. You can buy Enbridge stock, but good luck buying a physical pipeline directly. These sorts of assets and deals are Brookfield's bread and butter- desirable alternative/real asset investing for truly diversified, mega money clients who will pay a recurring fee to Brookfield to manage the assets at a target rate of return (think like an MER for an ETF to rebalance). Additionally, Brookfield also earns carried interest, which is when profits are in excess of the above mentioned, agreed upon, rate of returns for their clients (and there is minimal downside risk to the asset and/or it`s cash flow). Essentially, when Brookfield makes too much money for their clients, they get to skim off the top as well… + +The clients of Brookfield who now technically own these assets outright or a portion of them will then receive the ongoing profits from these assets (following the criteria in point three from above). How these investments are funded is via what Brookfield calls their 'Vintages' (Flagship ones being their biggest and most sought-after). A Vintage is essentially fundraising with a desired $ amount and investment goal. A specific example: Brookfield closed a $10 billion 'Global Transition Fund' (or Vintage). A global transition means that they will purchase existing non-renewable assets, retire them, and replace them with renewables. Assets like a coal-fired plant being shut down and replaced with wind/solar for energy generation. Brookfield will seek clients who are interested in this sort of investment and fundraise from one or many of these clients until this vintage is 'full' - at least the $15 billion they have plans to raise and put to use. From here, Brookfield may also invest some of their own capital – revolving credit facilities and/or cash – to be a part owner with their clients. This is something Brookfield is essentially unique for within their industry. Most money managers simply manage and get paid to do so. Brookfield has skin in the game with their clients (and now partners), so they have an increased interest in the success of their assets. They also now receive funds from the operation of these assets, as well as the fees from their partners who they are managing the assets for. + +Another important aspect to these vintages: Brookfield may invest in these assets to improve them and/or sell them outright when enough value has been grown from them. They bought Westinghouse – a nuclear reactor producer – when they were on the verge of bankruptcy and nuclear energy was very much frowned upon. Now that the energy crisis is occurring and nuclear is back in discussion, they sold a minority stake in their vastly improved (after investing in improving financial efficiency) Westinghouse for a huge profit- while still retaining a controlling stake. Profits from these sorts of moves can also be paid out to clients, or 'recycled' into additional new or ongoing vintages. A single client may have funds across several vintages in several industries and may invest profits into growing their existing investments or further diversification. Its like a compounding DRIP but with real assets under Brookfield. This is a huge tailwind for Brookfield, as they have a lot of room to grow for vintage recycling and sector diversification for this recycling by clients as well. + +**Spin-offs – Which friggen' Brookfield to buy?** + +A corporate spin-off means that a segment or division of an existing company is legally separated and becomes it\`s own publicly-listed company. As an easy to digest example, imagine if Google made YouTube its own 'company', or Amazon made Amazon Web Services it\`s own company. You could still buy Google or Amazon, but you could also buy YouTube Inc. or AWS, Inc. separately. This allows you to adjust your weighting for a spun-off company vs the original in your portfolio. This is done most often to 'unlock the value' of the separated segment, which the parent company may believe is not being appropriately valued by the equities market when held 100% internally and wants to provide further value to shareholders. Almost always, the original parent company would retain an ownership percentage of this new company – usually a controlling stake. This means that the spin-off is its own separate legal entity, but would still be completely controlled by the parent company. This is all important because it helps clear up the BIP, BEP, BBU, (and the .UN limited partnerships), and BAMR confusion often discussed here and what you are buying and which to buy. I am not going to tell you which ticker/corporation and why, but I personally hold BAM and all the Corporation spin-off subsidiaries. It is a personal choice, and just remember what exactly you are buying. + +All the Brookfield's used to be just one corporation /business and one ticker – BAM.A. All their businesses and everything they did were all under the BAM name (in securities and corporation legal language). This actually made analyzing the company and their financials even more challenging – Imagine all of the current Brookfield subsidiaries' financial statements either added to BAMs or some info just left out for simplification. This would make it a pain to truly identify their key assets. A similar example is going back to Alaphabet. They used to not disclose operating segments separate revenues, so you couldn't tell how much of their revenue came from each of advertising, hardware, YouTube, etc. Just one huge ass number. Separating all this info allows for more scrutiny and appropriate evaluation of the different components of the business. + +Back to the spin-offs. Flatt & co. have spun out 4 parts of their business to date (with another happening soon): Their Infrastructure business/BIP & BIPC (owner and operator of their utilities, transport, midstream, and data businesses), Renewables/ BEP & BEPC (renewable power generation and transmission and global energy transition), Business Partners/ BBU & BBUC (services and business such as mortgage lending/insuring, government lottery service providers, basically most things that don't fall under their other businesses), and Insurance and Reinsurance/ BAMR ( reinsurance is basically insurance for insurance providers – transferring some of their risk for a fee in case of catastrophic circumstances that could cause a lot of financial damage to the original insurer – its insurance all the way down!). + +These spin-offs meant that Brookfield Corp. provided shares of these new companies to owners of the Brookfield Mothership at a value originally calculated based off what was distributed from the original BAM.A shares. For example- Brookfield Corp. is spinning off their Asset Management business and providing 1 share of BAM for every 4 shares of BN (what is currently BAM.A but will become BN. Your BAM.A shares become BN and the distributed shares will be BAM which is just their asset management and BN is the mothership). Therefore, your BAM (now BN) shares will decrease in value by 25% and your new BAM shares will be worth 25% of the value of the price of BAM at the time of this spin. + +This happened for all spin offs, and again for the creation of the corporation shares from the original Limited Partnership shares. Limited Partnerships means that there is a managing partner (Brookfield the mothership is for all partnerships) and a partner who is not involved in the operations (us as the BIP/BEP/BBU .UN shares). These are all subsidiaries of the big BAM. Corporation shares (corporations board of directors and C-suites chosen by shareholders) were spun out from these LP shares. This means that each corporation/segment now has it\`s own CEO, CFO, COO, etc. but they are subsidiaries of the Limited Partnerships that are managed by Brookfield Corporation at the very top. Fun to follow right? The next fun part is who the top shareholders for these separate companies is: Brookfield Corp. itself. They have a: 27% stake in Infrastructure, 48% in Renewables, 65% in Business Partners, and soon 75% in their Asset Management. While they don't have full voting control (50% plus one share) of BIP or BEP, we would be foolish to think Brookfield Corp. and Flatt don\`t have a great big say in what these two divisions do because Brookfield manages these spin-offs. Bruce Flatt rules over all of Brookfield with his Managing partners. There is some extra tricky and frankly a little shady stuff where us as BAM.A shareholders don\`t have any real decision-making power (the managing partner hold BAM.B shares which have all the voting power), but I have full faith in the controlling partners, and don\`t want some idiot minority shareholder railroading them and messing with the secret sauce. + +**The Good, The Bad (that’s actually decently good), and The Not Great** + +I've laid out most of what Brookfield is and what makes them great- they are company whose sole purpose is to make themselves and their client's money with mostly real assets in specific industries that provide stable & perpetual cash flows, and are essential to the operation of that industry. The executives up and down their C-suites are masters of their craft. Bruce Flatt needs no further discussion. Mark Carney – the soon to be Chair of the spin-off Asset Manager, and current Vice Chair for all of Brookfield, and head of their transition investing – used to be the governor of the Bank of England and the Bank of Canada from 2008 to 2020, has a bachelor degree in economics from Harvard and a Masters and PhD from Oxford… Quite the resume and big picture education and experience that I have utmost respect and confidence with for helping lead Brookfield. + +The rest of the C-Suites for Brookfield- and it`s spin-offs- are full of MBAs and Chartered Accountants. The recurring Accountant distinction among the executives could be seen as a positive or a negative. Over-accounting has done a lot of damage to a lot of great companies. Intel is a prime example, where accounting nickel and diming being prioritized over innovation and engineering led to the start of Intel's slow burn downwards for most of the 2000s. There is always a risk to a big emphasis on the number's guys for capitalism. A commonly frowned upon trend for companies and assets that Brookfield purchases is that they are stripped to the bone, efficiencies are maxed at the expense of a lot of the original company and employees, and then what is left over usually eventually sold for top dollar or for parts. This is an ugly side to capitalism compared to say Buffett and Berkshire who buy companies, assist the executives with their companies, and own them and assist with their success and hope to have them thrive forever. Personally, I feel that a lot of big picture decision makers at the top who have an education in accounting (where making the money work as efficiently as possible) when their company has a sole top goal of making money for themselves and their clients is a net positive for the company. + +Another thing with all the accounting professionals within Brookfield to consider is how damn their financials are. All the Corporation structure discussed above, how frequently Brookfield acquires and sells assets, the quantity of income streams they have, and the costs of these income streams means that there is a lot to include in their financials. All I can say is be patient and ACTUALLY READ their financial statements. Don\`t just breeze over the comments and look at a couple of the numbers from their income statements. Yes, BAM has a 60 page quarterly report and a TWO HUNDRED AND FORTY page annual report from 2021, but If you intend to place any weighting higher than what is within an ETF into any single company, you really should know more about the company you are putting your retirement into than the surface level info. I have most of my current retirement money with the Brookfield\`s, so I am on top of the financials and their ongoing transactions at all times. + +**What about their Debt???** + +A common negative for Brookfield is how much debt is on their balance sheet. Again, this is surface level analysis and not quite accurate to the level of risk this offers. Brookfield the Corporation has a total of a little over 12 billion 'corporate borrowings', while all the rest of their almost 200 billion in debt is property-specific, non-recourse, and long-dated fixed debt. Property-Specific and non-recourse means that if the creditor does not receive the payments from their debt, all they can do is confiscate the asset they have the loan on, and no material impact will happen to the owning corporation. The only debt the actual corporation has is roughly 12-15% of debt to capitalization (12 billion debt for an 85 billion company) which is actually a fantastic ratio for a company of Brookfield's size. + +Additionally, when they spin off their asset manager, the debt held by the asset manager will be zero. Not too shabby for their crown jewel division that they intend to payout 90% of funds from operations to shareholders- and 75% of that is going right up to the Brookfield Corporation. Finally, most of their debt (including 10.8 of the 12 billion corporate debt) is fixed-rate (so not impacted by rising rates at the moment) and at an average length of 13 years and maturing between 2024 and 2080. Again, not nearly as much of a risk as just seeing 200 billion in debt on Yahoo Finance... Even the biggest dog Apple has around 120 billion in total debt, and they have far less leveraged assets (Brookfield is the LARGEST landlord in New York, London, Los Angeles, Toronto, and additional major cities like Houston…) so while there is a risk of having so many assets on the balance sheet with debt- even if it does not have a material risk to the corporation- Brookfield owns just so many cash-producing assets, plus their money wizardry, means that they can keep their enormous ship going and flowing. + +Will rising rates hurt their ability to borrow? Eventually yes, and with markets being forward-looking, this is apparent in their share price dropping like its hot. Long, looong term though, this is a fantastic opportunity to accumulate since I believe that we are all too drunk on cheap-ish money, and rates will not climb to obscene levels and will likely stabilize and/or dip. FInally, Brookfield may place more focus on their fundraising vintages and management fees/carried interest and add far less of their own capital (cash and debt) into the assets they continue to involve themselves with. Knowing how good they are with money, I still have faith. + +**Capitalism often brings out the worst in people** + +Look no further than the Wikipedia page for Brookfield to see their controversies section and some of the shady business practices they have been accused of and lawsuits they have been involved with. If you are a conscientious investor, then Brookfield probably is not for you (even with their huge emphasis on renewable power and transitioning to it). One of their biggest stinkers (depending on one's political opinions) is leasing Jared Kushner's 666 Fifth Ave skyscraper for 99-years. This is a property that was a majorly expensive scorn for Donald Trump's son-in-law, and there is a lot of correlation and suspicion here that Brookfield- and their major investor/customer Qatar Investment Authority- did this to curry favour with the… we can say controversial… former presidential administration. + +**Conclusion** + +Brookfield is a complex company, but with curiosity and patience, they are not necessarily a complicated company. As we have seen with the equities and bond markets, having too much exposure to these asset classes can be very risky. True diversity, especially for the biggest wealth funds and richest of the rich, involves diversity that us everyday people could not imagine. Real assets, alternative assets. Don't buy shares in a pipeline company, buy the pipeline. Don't buy a hotel REIT, but the Atlantis Paradise Island Resort. There is no better company to help broker this sort of deals, at the best prices and the best rates of return, than Brookfield Corporation and their spiderweb of sharks and industry specialists. 2,200 Investment specialists, over 180,000 operating staff, and the best of the best executives making the decisions. I probably should not have so much of my equities net-worth in the Brookfield\`s (now above 95%, whoops), but I have a lot of time left in my investing life to take such a balls-to-the-wall risk on one my favourite and high conviction public companies. BAAAAAAAAAAM +I am not an expert in macroeconomics but I was always taught that the role of a central bank is controlling the amount of money circulating in the country and follow a monetary policy that goes accordingly with the fiscal policy of the goverment. + +So the USA gets the virus, total income is falling, unemployment skyrockets, there is risk of default of corporate debt. All deflationary stuff. The goverment need to spend lots of money to fix this, how to punt money in the hands of America? The FED starts obviusly pumping huge amounts of liquidity into the market to get some inflation going, even if interest rates are already low. That should get the debt levels down, right? + +Here in Europe there is some talks abount eurobonds and stuff to fix this virus situation, but one way or the other the stuff will be financed through debt and the debt will not be monetized (at least that's what I got, maybe I'm wrong). Why is the ECB not pumping liquidity into the economy like the FED? It's clear that there will be huge shortage of it, and even without this virus, the EU has lots of countries that have high levels of debt and unemployment that would benefit a lot from money priting to bring levels down. Besides, the EU relies heavily on exports, so expanding money and consequencially bringing the exchange rate down could only be a benefit, right? + + This conservative monetary policy that the ECB has adopted clearly hasm't helped countries like Italy/Greece & others in the last 15 years. Here in Italy the goverment has done nothing but austerity but debt levels have risen and unemployment is up, and the economic outlook for the future in Italy is not looking good, no wonder many here would like to exit the eurozone to be in charge of our monetary policy. At some time in the future we'll probably default on our debt, that could probably bring down the whole eurozone ... Why the ECB doesn't do anything about this and targets such low inflation? +I was reading [this Wikipedia article](https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income) that charts the mean and median disposable incomes of various OECD countries. I have only a layman’s knowledge of economics, but from what I understand, the US ranks somewhere between 1st and 3rd place in these charts. + +This suggests that Americans on the whole are actually well off. Why then do a lot of people on Reddit and elsewhere seem to operate off the assumption that most Americans are struggling and are much poorer than their fellow OECD brethren? Is disposable income not a good measure? +# Goodmorning Superstonk + +https://preview.redd.it/ya4xf68n47071.png?width=680&format=png&auto=webp&s=fb672c413ef65e9ca624cab90e65341cfeda8bb3 + +# Surprise! Me again, [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) ! + +I offered to take over the writing of the daily for today to give my friends [u/PinkCatsOnAcid](https://www.reddit.com/u/PinkCatsOnAcid/) and [u/Rensole](https://www.reddit.com/u/Rensole/) a bit more time off, they work so hard on these I thought it was the least I could do! So without further *adieu...* let's get on to the news! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New host who dis? + +So some of you are probably thinking "***OMG, B\_T went rouge and took over the news***" + +Well, I am here to tell you that that is **false!** + +&#x200B; + +https://i.redd.it/qta6aunt47071.gif + +I figured I would give them some extra time off, and since I am usually helping out with these anyway, it's about time I take a swing at writing one, assuming that's alright with everyone! + +[u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/Rensole](https://www.reddit.com/u/Rensole/) after this one you're done slacking 😉 jkjk + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Crypt-oh-no / ICC-2021-007 - [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +[https://public-inspection.federalregister.gov/2021-10498.pdf?utm\_medium=email&utm\_campaign=pi+subscription+mailing+list&utm\_source=federalregister.gov](https://public-inspection.federalregister.gov/2021-10498.pdf?utm_medium=email&utm_campaign=pi+subscription+mailing+list&utm_source=federalregister.gov) + +It seems that something was up (or rather down?) In the crypto markets! There were some that were speculating that it could be in preparation for the increased margin requirement that the new ICC-2021-007 set forth. + +&#x200B; + +[ https:\/\/twitter.com\/louvswallstreet\/status\/1395133269176426496 ](https://preview.redd.it/s50ws1qy47071.jpg?width=1537&format=pjpg&auto=webp&s=c9abc41db8b5fc81daffce2cbc81bfeb43fcba7c) + + + +Pretty cool if this were correct + +That having been said, I have seen some speculation that this could have been linked somehow to the DTCC liquidity test that we saw recently. Hard to say what their intentions with this rule were. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Glacier Capital (wtf) - [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) + +Hey all, just helping the team out to write a quick opinion piece on the entire **Glacier Capital** fiasco that has swept the front page; as we have seen these posts seem to have attracted an abnormal amount of awards (specifically the all-seeing). + +[https://preview.redd.it/s3c31gbxpzz61.png?width=857&format=png&auto=webp&s=a49a7d617d65caf7716b73ca65512884c3900596](https://preview.redd.it/s3c31gbxpzz61.png?width=857&format=png&auto=webp&s=a49a7d617d65caf7716b73ca65512884c3900596) + +**Here's the kicker (correct me if I'm wrong); I cannot find a single piece of information from the SEC or the Luxemburg filings that confirms them actually buying into GME. Just a seeking alpha article which seems to be what everyone is referencing.** + +*in places like Luxembourg or Cyprus you can literally buy a shell company that’s existed for quite some time from the legal offices there. Complete with a board of directors. These people can be complete and total randoms off the street. This is what I suspect is happening here. Scary thing is it’s not a really expensive thing to do so; most people will accept under 10k euro to put down their signature.* + +There's a great series on this topic called "This Giant **Beast That is the Global** Economy" on Prime Video, the very first episode actually goes into this phenomenon in detail. The TLDR; is that you can go to a law office, buy a made-up company, launder money. + +\-------------------------------------------- + +Now doing a search directly on the Luxemburg commerce registry since I can't find anything really related from the SEC; I'm finding very different info than what users have pointed out --- there are alternative addresses on pretty much every filing they have. Funny thing is that these addressed are mostly registered to residential areas. This would coincide with common tax evasion tactics + +[https://www.lbr.lu/](https://preview.redd.it/6b3cnppjpzz61.png?width=871&format=png&auto=webp&s=c6831f37666f524c976e65e8d55d8029c994031b) + +Here is the registered office (44 Boulevard de Verdun) + +[Glacier Capital Registered Office;](https://preview.redd.it/wlkgnpyepzz61.png?width=1748&format=png&auto=webp&s=99117c4a0382616341c221c98761d5ba373aa992) + +Now my French isn't too bad here in Canada; so I tried my best navigating this filing from the Luxemburg commerce registry and found the following; we can confirm the involvement of **Marc-Francois Daubenfeld** as well as the value of their assets. + +[https://preview.redd.it/d22nto7eozz61.png?width=513&format=png&auto=webp&s=6fcc15dcbc3fe0ac16d0c84f3a916b65b9c3cb9a](https://preview.redd.it/d22nto7eozz61.png?width=513&format=png&auto=webp&s=6fcc15dcbc3fe0ac16d0c84f3a916b65b9c3cb9a) + +[https://preview.redd.it/vmu6sd1nozz61.png?width=759&format=png&auto=webp&s=fa2ab01856c571c651739a6e636bc6c32e1bd586](https://preview.redd.it/vmu6sd1nozz61.png?width=759&format=png&auto=webp&s=fa2ab01856c571c651739a6e636bc6c32e1bd586) + +The above screenshot is for their activity from 2018 (as that's the most recent thing filed). So we understand that in a few short years they went from managing a couple hundred thousand euros to almost 100 million if I'm reading this correctly. + +I want to point out that Mr. Daubenfeld is a "lawyer that turned fund manager", remember what I mentioned about this being law offices specifically selling fake shell companies? + +[https://preview.redd.it/rg0lop7ctzz61.png?width=204&format=png&auto=webp&s=88375ecd75121949bdbd07368421c098f8621bc1](https://preview.redd.it/rg0lop7ctzz61.png?width=204&format=png&auto=webp&s=88375ecd75121949bdbd07368421c098f8621bc1) + +Now why this is being pushed up so much, I have no idea. Can anyone even find confirmation they own GME ie a bb terminal screenshot? I couldn't tell you if this has some sort of malicious intent or not. Tread lightly on this one apes. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# < 3 + +We ❤ you too Cohen! + +https://preview.redd.it/636okiu257071.jpg?width=2052&format=pjpg&auto=webp&s=ad6be98c964144e2ae787201db33bb2b0b4ceacd + + Sometimes I cannot tell if I am a madman or he is a genius... or both. One thing I do know is that there is no way Ryan Cohen isn't leaving us breadcrumbs, at least in my opinion. So what might you ask could be the meaning of this tweet? I hadn't a clue, but these great apes seemed to be onto something: + +[ https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ngfzzi\/rc\_tweets\_a\_heart\_3\_ape\_detectives\_solve\_the\_case\/](https://preview.redd.it/ds6aifc857071.png?width=913&format=png&auto=webp&s=c05ec675e57ab3ca1ac300f8966ee495fd4ba515) + + + +Less than three weeks? Damn Ryan, I am going to break out my "Days 'til Christmas" countdown calendar for this, you got me so excited! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [GameStop.](https://www.gamestop.com/)[com](https://www.gamestop.com/) + +Today we are receiving multiple reports that GameStop has made their site available to more of our international Apes, congrats!! Also, this is super bullish, to me this is just more proof of how large-scale their e-commerce platform is going to be. I can only imagine the kinds of exciting announcements they have on the horizon + +[Australia](https://www.reddit.com/r/Superstonk/comments/ngj7zk/gamestop_website_works_in_australia_tits_are_so/) + +[Sweden](https://www.reddit.com/r/Superstonk/comments/ngbugj/gamestopcom_now_accessible_in_sweden_as_well/) + +[United Kingdom](https://www.reddit.com/r/Superstonk/comments/ng8zx1/gamestopcom_is_now_accessible_from_the_uk/) + +[Dominican Republic](https://www.reddit.com/r/Superstonk/comments/ngi6mf/gamestopcom_available_from_the_dominican_republic/) + +[Germany](https://www.reddit.com/r/Superstonk/comments/ngi3hm/gamestopcom_available_in_germany/) + +[Canada (we still just have EB Games, but thats okay)](https://www.reddit.com/r/Superstonk/comments/ngi24u/all_these_other_countries_get_the_new_website_but/) + +And many, many more + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) + + + +TL:DR This rule allows broader participation in any auctions of "Suspended Clearing members", including but not limited to "Non-clearing members". Essentially it will be easier for Blackrock to pick clean the carcass of Citadel when their greed and misconduct catch up to them. + +For a fairly straightforward, and rather in-depth look at this rule, check out this post from a month ago when it was first filed: + +[SR-OCC-2021-004: Why This Proposed Rule Change is Important and Possible Shell Games -](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/)[u/c-digs](https://www.reddit.com/u/c-digs/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Blow that whistle + +[ ](https://preview.redd.it/qwpu5gwj57071.jpg?width=1477&format=pjpg&auto=webp&s=e8f29ea0cb1f58d0263958b392ad8cca75173db5) + +Well Jpow says the market is fine so I am sure there is nothing nefarious going on... /s + +We can only speculate if this is related to GME... but I will say there is likely a lot to whistleblow about with all the stuff going on 👀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Do not forget to vote! + +# Single most important piece of the puzzle. If you don't vote, then you aren't doing right by yourself or GameStop + +[This is how we find out how big of a whale we are ](https://preview.redd.it/uqz4zqmp57071.jpg?width=1000&format=pjpg&auto=webp&s=dbd05b30ff52bc4e91bc9253e38832adbff8b1de) + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/642irelx57071.png?width=554&format=png&auto=webp&s=4ef69c8a433a42a3a5634741fb7b41d5395a46b5 + +# 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**. + +Most importantly: + +Ape don't fight ape, apes help other apes + +this helps us weed out the shills really fast, if everyone is helpful, the ones who aren't stand out. + +I would be remiss if I didn't share [this](https://twitter.com/Winter/status/1395054787490500608?s=20) +Seriously, how is anyone supposed to trust world markets, individual or revered bank, or billionaire when your nickel trade spikes, or your stock long beats the shorts, and they just turn off the machine? + +This is a fucking scam by the ‘Market Makers’…across all markets. + +Either they’re like Robinhood and they’re a scam to begin with and don’t have the collateral to back up their stated liquidity, or they’re like citadel rife with conflicts of interest. And holding short bags. Crypto or stock. I’m starting to think coinbase et al never bought anyones bitcoin, they just gave IOUs, and profited…and that’s why they can’t pay up now when you sell. + +It’s the same principle as DRS… + +Defi is the way. +Think about how a lot of big business and government work by burying information in massive documents or long terms of service so that everyday people just give up reading it in detail because they don't have time. + +Every quarter when the documents are published by GME they are looked over with a magnifying glass for any detail that could tip the hand of the company and the impending MOASS. The speed and collaboration that this is achieved by this dedicated group of apes is nother short of astonishing. + +It gets me thinking these huge government bills that include thousands of pages should also go through a similar process. Have a group of individuals like Reddit that have a short window of time to review the information before final judgement can be issued. + +It's going to be fun to watch you apes do what you do. +I’m in a position where I am able to max out my 401k and contribute up to the limit of $19,500 into my account, but I am not sure if that’s the best route to go. I’m wondering whether it’s best to only contribute 10% which is what my company matches and put the rest in a Roth IRA and other investments. + +The only reason I may want to contribute the full $19.5k is because if I do, I won’t currently have any income being taxed at 32% federally because minus that amount I’ll remain at a max 24% and pay taxes on my retirement fund later in life. Because if I do take the money, that $19.5k will be taxed at 32% which IMO is very high compared to the 12-24% the rest of my income is taxed + My father passed away yesterday and I’m arranging his funeral as well as getting his things in order. I think I’m okay on the funeral front but being a 21 year old student I don’t know how to deal with all the rest. + +My father was quite secretive and I don’t even know what assets he has. He used to live in southeast Asia and my step mother told me that he had a bank account in Thailand, a storage unit in the Phillipines as well as ‘bond money’. What does that mean and what steps should I take to deal with those things? How do I make sure that we have everything in order? How do I know if I’m missing anything? + +Thank you for your help. + +Edit: I'm trying to tackle this as soon as I can for peace of mind and because of the complexity of our administrative system. Thank you for your kind words. +If my boss could be let go, so could I, so it suddenly seemed important to take a hard look at my FIRE numbers. + +I am still about 4 years away from my FIRE number, but I could Barista Fire with what I have now with my side gigs. If it wasn't for the cost of health insurance for me and the kids, I could probably Lean Fire right now. + +So I was reassured. + +But my boss was both anguished (which I would have been too) and terrified, which makes me think there are no savings or investments to fall back on. + +Even though I am not FIRE, just being on the path to FIRE and having a bunch of that stuff already figured out is very comforting when you are helping someone who got fired carry boxes out to their car. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I was interested to know some stats about how much people hold in their PB accounts to be in with a real chance of winning a high value prize (anything £1k - £1m). + +So I downloaded the high value winners info from [https://www.nsandi.com/prize-checker/winners](https://www.nsandi.com/prize-checker/winners) for the past 6 months (Feb - July) which gave about 15,000 records of prize winners. I put this into Excel and added some simple functions and these are the results: + +&#x200B; + +**Averages** + +|Min|£2| +|:-|:-| +|Max|£50,000| +|Median|£48,963| +|Mean|£38,465| +|Mode|£50,000| + +&#x200B; + +**% of high value prize winners who held up to the specified £** + +|£1,000|1%| +|:-|:-| +|£10,000|7%| +|£20,000|16%| +|£30,000|29%| +|£40,000|39%| +|£45,000|45%| +|£49,000|50%| +|£49,500|52%| +|£49,999|54%| +|£50,000|100%| + +&#x200B; + +It was interesting to see that 46% of high value prize winners in this sample hold the max £50k + +If you own just £1 less than the limit (£49,999) then you go from being represented by 100% of prizes to just 54%. + +I personally hold £30k in premium bonds, so 71% of high value prized are awarded to those that hold more than me (not interesting to you, but was for me). I felt like £30k was a lot to hold and expected this number to be higher than 29%, so this exercise has been a reality check. + +The person who holds just £2 won £1000 in February, after buying their PBs in April 1958 - they played the long game! + +Hopefully of some interest to others on here. +I wanted to see how that 90% of retail traders fail saying holds up so im wondering how many here actually began as a total noob in the world of stocks to someone being consistently profitable and know why they are consistently profitable. Who has started from the bottom and are working their way to the top, making it their real career. I figured this was a good question to ask since it's important to reflect on why we failed or succeeded since we can learn from mistakes or accomplishments and grow as traders. + +If you didn't make it - Why? + +If you did succeed - Why? What got you there and what can you tell people who aspire to make this a career focus on? +Partner was watching the movie Mean Girls and brought this to my attention. Towards the end of the film Lindsey Lohan's character is in a math competition. In said competition, the opposing team answers a question correctly. The answer? 741 of course! 🤣 But wait there's more! In the scenes that follow Lindsey Lohan's character wins the competition. How? By answering "The limit does not exist!" Bias confirmed 🚀 This rocket ain't stopping friends! See you amongst the stars. + +Buy, hold, DRS! + +Edit: Thanks for all the updoots and awards. I did not expect this post to get this much attention. + +FWIW, a few users have noted that DFV tweeted a clip from Mean Girls on March 24th: +https://twitter.com/TheRoaringKitty/status/1374756471376871428?s=20 + +And if that isn't tin foil hat enough for you... + +Before the final question the judge mispronounced the name of Lindsey Lohan's character Cady as "Cat-y" to which she corrects him, "It's KAY-tee" (phonetic spelling). So she is basically saying "No, I'm not a cat." 😲 +In the past year and a half I started a earning way more money than I’m used to. Fatfire is my goal but I don’t know how to get there. Where is a good starting place? + +I realize this is vague but I don’t want to violate the subreddit rules because if I’m just talking about my situation it belongs in mentor Monday +["The process of capital accumulation forms the basis of capitalism, and is one of the defining characteristics of a capitalist economic system."](https://en.wikipedia.org/wiki/Capital_accumulation). I'm wondering why that is exactly? It seems possible to have a capitalist system that doesn't continue to accumulate capital, perhaps a desired capital goal is reached and continual expansion is then halted. + +I've read that competition is one of the main drivers of capital accumulation, but why is that? Is that because you could be put out of business because you will be unable to compete with prices due to the economies of scale? + +What prevents a capitalist system from developing whereby capitalists don't continue to accumulate capital but all reach a certain point and then stop? +(pls help a tired college senior out) I'm writing a paper on how the market failures of a certain market industry due to externalities require government intervention in the name of social justice. was thinking about how the dating app industry is in a unique position where the users themselves are the buyers and users, and how companies themselves profit off of these users thru advertising revenues and premium subscriptions. + +Dating app externalities include: +1) the information asymmetry when users deliberately withhold info abt themselves to appeal to "buyers" +2) physical hazards that come with transacting in an online space, but especially so in dating apps where you get to meet up with ppl, which implies safety risks +3) distorting cultural/psychological notions of love and relationships (e.g. commodifying yourself, assessing yourself the way you do others, instant gratification, exacerbating loneliness etc) +4) involvement of minors due to low barriers to entry + +is the way i understand the externalities in this industry accurate? and are these externalities dangerous enough that it should prompt the exercise of police power? would rlly appreciate anyone's input +The US has been offering 25-40 year fixed interest rate mortgages for some time now and I've had a thought. + +Aren't these simply going to turn into junk in an environment of higher inflation and interest rates? The mortgage investment will actually lose value over time, presumably making it unsellable. Add to that higher interest rates lowering property prices doesn't that also increase the risk of any investment in the event of default? + +On top of that, what is the effect of collateralisation and securitisation? Surely the banks wouldn't allow junk to sit on their balance sheets, so they'll wrap it up in something akin to a CDO and sell it to others. Presumably somebody else will make securities on top of that, could these go bad if the product is eventually deemed to be worthless? + +Thanks in advance +I asked a question in r/askconservatives about what their solutions are for the childcare shortage and rising costs. + +https://www.reddit.com/r/askaconservative/comments/qg9u7n/what_is_the_conservative_solution_for_fixing_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I was surprised to receive several comments saying ultimately they feel that it isn’t a problem, families should return to having stay-at-home-moms, and women should leave the workforce. + +The idea they stated was that if women leave the workforce that’d lead to a labor shortage which means that incomes would go up and men would be able to support a family on one income. + +I’m not sure where this leaves work visas or relocating businesses to other countries. And I don’t understand what kind of effect it’d have on the costs of goods and services + +I’d really love to hear from an economist’s perspective on this highly hypothetical question, with all personal politics and religious views aside. + +What would happen to our economy in today’s day and age if women went back to staying home to raise families instead of working? +Only after a day of hitting the new ATH of $1500, we have already hit a new ATH of 1600$. Ethereum is in a major upwards trend and will probably go even further. This community is really strong supporter and hoping we can push this forward. + +1 december 2020: $600 + +1 january 2021: $741 + +1 february 2021: $1315 + +&#x200B; + +https://preview.redd.it/fwte343hcaf61.jpg?width=357&format=pjpg&auto=webp&s=96c828ecdc45c5cff025b763069fb8f99eb988df + +Even tho it has been a really exciting time, more to come! +I am really new to investing -- with no experience or knowledge, I started investing a couple of hundred dollars a month and after 10 months with about $3,000 invested, I'm at a 1.95% gain. + +I still have a lot to learn, but investing is exciting and I want to get better at it. + +***I'm just curious to hear what the first year of your investment experience was like.*** + +**Current Positions:** + +1. \~50% in T-Mobile and AT&T (I love the dividends and I'm holding after the split) +2. \~25% in various Vanguard Funds (US Stock Market, International, High Dividend, Value) +3. \~15% in Costco and Walmart +4. \~10% Misc. (Chevron, Microsoft, Bank of America, JP Morgan) + +**Edit:** For those that are curious...I ended up losing upwards of 15% at different points by making foolish choices. Since holding these positions, I've gained about 10% in just the last 3 months. +Anyone else grocery budget shot through the roof even after cutting back.i hardly seem to buy treat food or snacks anymore there so expensive. Ypu cant even seem to downgrade products because all the cheapest products have been taken away now theres only the expensive or more expensive options available I wince even at the price of basics such as bread milk and eggs.you basically need to remortgage or a bank loan for the good quality fresh meat and produce food. +Hello, + +I’m seeking finance tips on how to best budget and plan for the recession that’s coming. I was young during the 2008 recession and I remember that my family had it extremely bad so much so that we often didn’t know where our next meal was coming from. Now I’m 21, putting myself through college, and just moved into an apartment by myself. I’m in between jobs right now and I’m scared for the recession to hit. Everything I’ve found estimates a recession to occur between the end of this year and early in the next year. How best can I prepare myself for what’s ahead? I don’t have anyone close to me to ask so I’m turning to this thread. Thank you all in advance! +I am a 24 years old and I make about ~$75,000/year. I put 12% of my income on my 401k. I tend to spend about $50-100 per week on groceries and spend about $100 on eating out per week. I also pay for my car and motorcycle which sums to about $400 per month. Health insurance and vehicle insurance would be about $200 per month as well. My rent is $600 per month. + +For some reason, I can’t figure out where most of my money is going. I do buy random things (clothes or tools) here and there but it’s few and far between and usually under $100. + +I want to save more than what I currently have. Can anyone guide me in the right direction? +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! + +In 2018 the US the poverty level for a single individual was $12,140. With a 4% SWR that means if you have $303,500 in savings/investments then you're essentially set to live the rest of your life at the poverty level. + +I do not think it's realistic for anyone to actually "poverty FIRE" as you're very much at the mercy of the markets at that point and living at the poverty level can't be very fun. But I think it does make for an interesting "milestone" to reach/aim for. + +I'm not interested in providing specific numbers or details about myself because I thought of this as more of a discussion than an actual brag post. + +So has anyone else reached this milestone without realizing it? + +edit: Wow, I'm surprised that this got so huge but I really appreciate all the responses and the discussion that's going on in the comments! +*****Edited to add, thank you everyone for the awesome and thoughtful suggestions! Wow, really stoked to do more research. + +As the post title suggests, I’m looking for recommendations of cities or small towns within 1 hour or 1.5 hours of a medium or large city out west to purchase ~1000+ acres of undeveloped land in Montana, Colorado, Wyoming or Utah. + +Eventually we’d like to build on said property and keep the rest of it as an undisturbed wildlife refuge + +**Admins please delete if not allowed, I originally thought about posting in r/fattravel but this is more investment/purchase related. + +TIA +Remember when the bull was strong and unstoppable, most people around me wanted to buy BTC. Most of them said and hoped that if BTC was still 30K I would have bought a shit ton of it. + +Those mates of mine now still do not buy and are hoping for it to dip to 10k or less. I told them that it is very unlikely. Not impossible but very unlikely. They still held strong and didn't want to buy till it dips more and I believe they won't even if it does. + +There is a saying and it goes something like this: + +**"If you cannot love (buy) me (crypto) on a discount, you don't deserve me when I bull"** +I fail to understand Alphabet's two stock classes acting so divergent today. + +As background, they stopped making sense to me once GOOG (the non-voting share class) rose and stayed above the price of GOOGL (the voting share class) in 2018. Just doesn't make sense as to why an equivalent share of stock, with the added benefit of voting rights, would trade less than the non-voting shares. SMH. + +But today's action has me baffled again... Why would GOOGL rise $100/share while GOOG looses a few bucks a share? Did Alphabet announce a share buy-back for GOOGL and not GOOG, or is there something else I missed? I read through the earnings coverage, but I did not find mention of this. + +Any insight would be appreciated! +Before an unfortunate death. + +Before libelous slander against a Chairman of a publicly traded company. + +After that same Chairman and Company gave their retail in store employees stock grants. + +After that Company created their first NFT offering and sold out the first day of selling. + +While that Company’s share price dropped approximately 40% on no specific company news. + +Remember when GME removed their credit rating? That was approximately 96 hours ago. What the hell timeline are we living in. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +When I was new to crypto I was deciding which exchange to use and had decided on crypto.com. At the time crypto.com and their CRO coin had a bit of a bad reputation but I did my own research and determined that the things people were concerned about were growing pains and that an exchange with the domain crypto.com had a very bright future. + +After getting my account approved I posted here asking for advice on if I should invest a substantial amount in CRO since I believed crypto.com was destined to become a major player like binance and that inevitably the CRO price would go up. + +My post was met with lots of fud and responses from people who had likely been burned or knew nothing about crypto.com and CRO. I should have gone with my gut and my own research however I was brand new to crypto and didn't trust myself. + +At this time CRO was about $0.06. Now CRO is $0.50+ and crypto.com has bought the naming rights to the arena where the Lakers play. + +Moral of the story is 90% of what's posted here is garbage that won't help you make good investing decisions. Go with your gut. + +EDIT: Wow. I knew this sub had some bad advice but I didn't realize how incredibly toxic it had become as well. Everyone was new at some point. There are tons of new people coming here everyday to try and learn more about crypto. + +EDIT: One of the mods changed the flair of this post to comedy. That is completely unacceptable. Regardless of if they found my post to be funny it was clearly not intended to be a joke. I have changed it back and if it is changed again I will be reporting the situation to reddit. +Hey there! + +Using Google Finance, one can easily track Indexes, Stocks, Currencies, and Mutual Funds in Google Sheets. + +Microsoft has launched the same feature with Office 365. I am able to track Indian stocks but unable to track Mutual Funds. + +Does anyone here know what's the formula to track MFs via Office 365? +Have you gone back to study to get a degree in your mid-30s to 40s? + +What did you study? What work did you do during your studies? Did you find a new job relevant to your degree with ease after? + +Looking for some inspiration! + +Cheers +Assuming Tesla is holding as many Bitcoins today as it did on the 31st Jan, it has made a paper profit of about $930m which is more than the $721 profit it reported for 2020. +I've seen the recommended book list on the sidebar, but I'm curious if there are any books that help someone like me actually learn more of the math side of things (not related to trading). + +I'm learning Python and Machine Learning right now, but clearly lack some knowledge around math/algorithms. For example, I recently learned what the Monte Carlo Method is (and how to apply/example it in Python) and figure there are a lot more important algorithms to learn as well. + +Anyone know of some good work books (with problems/solutions) that I should look up? I'd love to dive into some deep math. :) + +Thank you. +Somehow, I am just the worst investor ever lol + +Some of what I'm invested in is SCHB, MMM, AAPL, RUM, XLG, SPWR, PLUG, ME, and some others. + +a couple months ago I was at a -53% return on all of my investments, which is kind of hilarious to me. I love watching videos about longterm trading that say things like "If you invest $500/month for the next 40 years, you'll hit $1mil! Assuming you're making at least +20% each year". + +In my mind, that's a HUGE assumption. + +Anyway, I'm still putting in money, and I've been focusing on the safer bets lately. Slowly inching lower and lower, but it's going to be a LONG crawl out of the hole I'm in. + +Anyone else as terrible of an investor as I am? +I'm at a loss for words (well, not literally, otherwise you'd not see this post). I've been a holder since XRB days. It's my first coin. It was perfect: Instant. Feeless. Green. IMO, it was what Satoshi intended as the ultimate crypto**currency**. + +&#x200B; + +Now, I understand Nano came to be in a situation where smart contracts where not such a big thing, and there were no "swaps" and there was no staking/lending/liquidity pools etc. People want more from crypto and that's OK. But I'm not OK with freakin' SHIB and SAFEMOON having a larger mcap than Nano. I'll never be OK with that. For the love of all that is holy, SAFEMOON should not be a word any of us remember in two years. + +Sure, there were two major incidents, both occurring in the bull runs, the exchange exit scam crap and the spam attacks now. And sure, it was shilled here relentlessly. And people hate shillers. But how can a coins main fault be "it's fan base is annoying"?? + +/my incoherent rant, I'm just bummed something so technically great is not actually "appreciated" more. + + + +**Edit**: holy amount of comments, Batman. RIP my inbox. + +Thank you everyone for the awards, there's too many of them to reply to you all individually (i still believe in thanking personally for the awards but since my inbox is MIA, this is a bit troublesome). + +Also, someone was so concerned about me being bummed, a bot sent me a message about suicide hotline. While I would never do something like that over crypto (or money), I honestly appreciate the kind thought. You are (as Keanu says) breathtaking. + + + +Take care everyone (even Safemoon holders). + +**Edit 2** this has become my most upvoted post. I don't know what to say. Thank you to everyone, Nano fans and Nano haters. + +Also, it seems Safemoon holders have figured out this post, so they started brigadding. Some had hilarious things to say about Nano (e.g. "Out of #100 instant and feeless" and "Nano is very fast. Out of top 100hehe"). Laughs were had. Just to clarify, if Safemoon and SHIB start doing great things, there will be no one happier than me. I still think both of them have too many red flags, but I'm happy for you if you profit. Take care now and have a good day +&#x200B; + +[u\/luridess on her way to 🦍, 🦍 & 🍌 LLP](https://preview.redd.it/23el5ec33zv61.jpg?width=889&format=pjpg&auto=webp&s=3fdbef9fc373dc102c478fe63db6fb3040715d02) + +*EDITS:* + +1. *in my haste to get this message out to all you apes, my title* *~~incorrectly says 2020 Annual Report... it should say 2021 Annual Report~~* *is CORRECTLY referring to the 2020 Annual Report that will be filed in 2021, not the 2019 Annual Report that was filed in 2020, in response to some questions/comments by apes in this and other posts. Thank you* u/hdeck *for catching that. This is what happens when I take a quick break from work to update the community... 😅* +2. u/HolyPhoenician & u/TheKingOfLimbs made excellent points in the comments. We are [LEVELING UP TOGETHER!](https://www.youtube.com/watch?v=Dh-ULbQmmF8&t=14s) This is the way! 🦍 support 🦍 + +&#x200B; + +**EDIT 3: ALTERNATIVE LINKS** + +* Yes I am aware that some of you have many wrinkles and are familiar with alternative links on proxy websites. +* If you want to go ahead and use them, that's fine. **You do you.** +* There have been many informative posts submitted by users recently regarding cyber-security. +* We are learning how to protect ourselves in the digital era. +* But given the influx of shills/fuds/phishing scams in the past few weeks, especially when it comes to proxy voting, the purpose if this post is to provide **SOLID, CLEAR AND EASY TO FOLLOW INSTRUCTIONS** for apes who are not familiar with these matters. +* The links that I have posted are solid, verifiable information. +* **ANY INFORMATION THAT IS AVAILABLE ON ANY OTHER WEBSITE, WILL ALSO BE AVAILABE ON THE TWO LINKS THAT I POSTED.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Apes, + +We are seeing an influx of posts linking to an UNVERIFIED version of Gamestop's 2020 Annual Financial Report. I know that you are all excited and want to dig in! Believe me, as someone who deals with SEC filings for a living, I'm also excited! + +BUT, before anyone starts digging into this and posting their thoughts/interpretations/DD, let's wait until Gamestop uploads the Annual Financial Report to their website and submits it in their SEC filings. The link above could be the official 2020 Annual Report, but we don't know that yet. + +**And it doesn't matter if that is the correct version or not.** + +Why? + +If there's only one important lesson that we all need to learn, if there is **ONLY ONE WRINKLE YOUR APE BRAIN CAN FORM**, it's this: **ONLY REFER TO GAMESTOP'S WEBSITE OR THE SEC WEBSITE FOR FILINGS**. Do not, ever, for any reason, whatsoever, at any point in time, ever, ever, ever, refer to any website or link OTHER THAN what you can find directly available on Gamestop's website OR the SEC website. + +FYI - All voting information is available directly in [Gamestop's DEF 14A filing](https://investor.gamestop.com/node/18846/html). u/Leaglese and I are working on a comprehensive Voting DD for all you apes around the world, we'll be posting something shortly. + +If we wait for the version uploaded to Gamestop's website or to the SEC website, we can all make sure we are working from the correct, official version of the document. + +This is not to say that Apes are posting misinformation/FUD. Far from it. This is just to clarify which links we should be using, because these are the same links that professionals use. + +**We should all get used to referring to official Gamestop Legal Documents that are available only on the following two websites:** + +1. [https://investor.gamestop.com/financial-information/annual-reports](https://investor.gamestop.com/financial-information/annual-reports) +2. [https://www.sec.gov/edgar/browse/?CIK=0001326380](https://www.sec.gov/edgar/browse/?CIK=0001326380) + +Thank you all. + +🦍 support 🦍 + +💎🙌🌕🚀 +[https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement](https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement) + +Xpost from /r/calgary + +This guy is right on the cusp of needing to go back to work. Some belt tightening should get him through retirement, but if his savings were just a bit higher, i bet his stress would be a lot lower. Good example of where FI would be a huge benefit. +This has been a really odd ride. I was one of the idiots who joined the bandwagon in January when it hit 80 usd. Everyday has just been interesting, and I've learned more about the US financial system in the last few months then I ever expected to learn In my life time. Thank you all for being here, I'm not sure what will occur when this all ends, but its been a blast experiencing all of this with you guys, +Anyone who purchased property March 2020 - June 2021 are laughing right now, but for those who purchased recently this year (2022), is anyone regretting their purchase? + +I literally feel like I could have made more money if I just had cash instead and just invested it in a HISA (high interest savings account) at 4%.. As boring as that sounds. + +And let's be real we aren't going to see any capital growth in the next 5-7 years... Inflation is just way to high right now and interest rates are going to be increasing for quite some time. +Hello r/CryptoMoonShots, I got into **SafeGem** two days ago and been asked to make this post just to share my experience with SafeGem. Let me briefly describe the vision: **SafeGem ($GEMS) is a frictionless, high-yield generating, deflationary token. It aims to create an exclusive platform that will authenticate precious stones by providing digital certification and digital passport for precious gems. The platform that will build on decentralised technology will create a viable ecosystem for owners and potential customers.** + +&nbsp; + +Let me start by saying, **I have never seen such professional maturity and organizational skills by any team in this elo, EVER, PERIOD. This is not a hyperbole statement.** I was able to attend the **AMA** and I witnessed some quality stuff that made me dump more fiat into this crypto gem. **$GEMS has been solo carrying my portfolio and my wallet feels heavy holding it even though I am not a whale.** If can you check the tokenomics, you will realize the numbers are fine tuned and optimal for this project's growth. + +&nbsp; + +I talk about figures and facts. If we talk about All Time Highs, **1900 Telegram Members** and **5000 Holders** in **72 Hours** with well established and up-to-date **Reddit, Telegram, Twitter** and **Medium.** Here are additional catchy aspects of **SafeGem:** + +&nbsp; + +- **Sufficient Supply for Project Needs** (started with 100 Quadrillion) + +&nbsp; + +- **6% Token Redistribution:** cuz why not? It's gucci + +&nbsp; + +- **5% Token Burn:** Even Better!!! saw 1 Quadrillion GEMS turn into ashes 🔥 with my own eyes today, within 3 hours. That is roughly 1% of total supply ~ 100 Quadrillion + +&nbsp; + +- **The Ultimate HODL Token:** Again, not an overstatement. The two features above makes this token the ultimate hodl token, You gain 3X as much as other projects simply by holding **$GEMS.** At this moment, 56% tokens have been burned, that is 2.75% burn in 3 days. + +&nbsp; + +- **Community full of Diamond Hands:** The community stands with you 💪, makes you feel like you are among friends 💖 + +&nbsp; + +- **Anti Rug Mechanism:** Other projects can only claim such a thing, **SafeGem** told me about the ways they will implement it, when and how it will be done so I know the full picture. + +&nbsp; + +- **Anti Dump:** They use MaxTX protocol which restricts buying/selling more than a limited amount, So you are entering the Safe Waters guys where swimming is encouraged 🏊 and no whales will ever drown you + +&nbsp; + +- **True Community Token:** Ownership renouncement does not guarantee a project is community driven. People throw around "Community Token" like a label without realizing its importance. **SafeGem** is incredible in this regard as it's the only token worthy to be called Community Token 💖. Every member has a "say" and "influence" on what is to come next for the project. There is an insane number of volunteers 💖 in this group who do their part. + +&nbsp; + +- **Heavily Organized Team:** 99% of the projects are clueless about what should follow next day. **SafeGem** has earned my respect. + +&nbsp; + +- **Criminally Undervalued: 💯** Why do people invest anywhere? So the value of investments can inflate over time. **Well, this is the most undervalued gem on this planet. 1000X is not an overstatement,** when you go to know this project inside out.** Official marketing hasn't begun yet and You can see the MarketCap is stable around $5 Million already. The team has delivered and will keep delivering what they promised. Take this opportunity and use skepticism by people (if there is any) to your own advantage. **Maybe this post got to you by chance or fate, you will make your own choices. So you can DYOR and draw conclusions.** Bro, you find at least 50 feeds of 2000 tokens every day and what utility and real world value do they offer? and Imagine getting into unknown projects where 75% of the people hype you up so you can raise the stakes only to dump 50 bnb on you. With **$GEMS** you are an individual, not a puppet! + +&nbsp; + +- **Clean NICHE! Laudable and Praiseworthy. Above all, this is what fuels this project!** + +&nbsp; + +**SafeGem is gaining popularity and we are so early in this that I can't emphasize that enough.** The Charts are BULLISH AF! 🐂. I was out of my middle-class funds, buying all the dips and averaging my prices down. Seen 4X gains already and Holding. I can go to sleep well without any anxiety or fear. **$GEMS** is the most secure crypto in my humble opinion. + +**Two building blocks of SafeGem, that are Safety and Transparency need to be recognized. Safety was what got my attention and Transparency is what kept me going and dump loads of dollars into $GEMS.** I know my funds are **SAFU** and at the same time **what is their future.** The team doesn't make promises they can't fulfill and lets us know about every move we'll be taking. We take part in discussions both in Chat and Voice every day and make our suggestions and share our concerns. The Devs, Managers, Marketers and Designers are all pros, the best in their sectors! It feels so good to be under their umbrella. + +&nbsp; + +**Thank you for your consideration.** [**Here is the link to detailed post containing all the resources and AMA summary.**](https://www.reddit.com/r/CryptoMoonShots/comments/n1r96j/safegem_nft_authenticator_via_digital/) As always, never let anyone tell you what to do, DYOR and draw your own conclusions :)** + +&nbsp; + +**Community Links:** + +&nbsp; + +✔️ **Litepaper:** 86a59a59-6e6f-40fe-9741-dc69328443ac.filesusr.com/ugd/3c61fb_10289d504f8e4186a85e0b8e7ea92ed4.pdf + +&nbsp; + +🚀 **PancakeSwap [ >>> V1 <<< ]:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +&nbsp; + +📈 **Poocoin Chart:** poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +&nbsp; + +🔗 **BscScan:** bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +&nbsp; + +💬 **Telegram:** t.me/safegemtokens + +&nbsp; + +🧡 **Reddit:** r/SafeGemFinance + +&nbsp; + +🐤 **Twitter:** twitter.com/safe_gem + +&nbsp; + +🗞️ **Medium:** safegemfinance.medium.com + +&nbsp; + +⬛ **BlockFolio:** blockfolio.canny.io/coin-requests/p/httpswwwsafegemfinance + +&nbsp; + +🦎 **CoinGecko:** twitter.com/safe_gem/status/1387388598446592005 + +&nbsp; + +Ⓜ️ **CoinMarketCap:** twitter.com/safe_gem/status/1387726629515014145 + +&nbsp; + +🌐 **Website:** safegem.finance/ +I missed the train with bitcoin and bought some at $15k back in November, still hodling today. Im not willing to miss the train with ETH. I considered buying some ETH back when it was at $300, and now I regret a lot not doing so. Well, this dip was the perfect moment for me to join the 1 ETH club. My crypto is stored in a cold wallet, I dont trust exchanges too much. + +I will probably never own a full bitcoin, but now I own a full ETH that I'm going to hold because I strongly believe that in a few years ETH can reach the price BTC has right now. Glad I can be part of the crypto revolution! +I’m very new to the forex world and currently going through the babypips education course. I’m also a signed musician so money is okay for me right now. I initially wanted to learn forex to have as a secondary income source and potentially something to lean on after the inevitable fall of my music career. However after seeing how low the odds are stacked against me I’m starting to reconsider if my spare time is better spent elsewhere considering I’m often busy out doing shows or shooting videos. + +Basically, I want to use my free time creating a new source of income but I’m not sure if forex is the one. +A month ago, I saw that 7k was randomly withdrawn from my account by hmrc, sending my personal account into an unarranged overdraft. Despite sorting my vat a week before and pushing through a manual payment, something I've been doing for over a year, they decided to direct debit anyway for no clear reason. + +After around 8 phone calls this month with promises that they're doing all they can, initially stating that the money will be with me in two weeks guarenteed, I'm out of options. So far, I've been transfered to border customs, debt management and hung up on several times. Never have the automated words "goodbye" been so frustrating. + +I'm not sure where else to turn, I will not be able to pay a massive tax bill at the end of the year without this money. They're showing no signs of letting up as they keep repeating "we've done all we can". I've threatened the ombudsmen, a misconduct complaint, everything under the sun. Any advice would be brilliant. + +Edit: I’ll happily admit that stolen is a strong word, but it has generated some helpful answers! +I'm still in uni at the moment and don't have a lot of experience on properly managing my expenses/savings, but from my experience studying in the Netherlands, the rents are fairly high, around 300-600 euros a month, per room, which means buying a house would pay itself off quite quick I imagine. + +Places like Wageningen, which are relatively small places built almost entirely around the university come to mind. + +I imagine one of the main things are taxes? As I understand, in the Netherlands taxes on second homes/renting out are quite high (around 50%?). + +But I feel like even then it seems like a sensible thing to work towards. When will there not be students? especially in big uni's +I really love my job. I love what I do. I believe it has meaning. My coworkers are mostly awesome. Our "clients" are awesome. I've gotten 3 promotions in 6 years and doubled my salary. I have a young child at home and they are understanding of the demands on my time. My office is 20 minutes away from my home. I have it good. + +That said - I'm kinda underpaid. I recently got an offer to make 20% more. We don't need the money to survive but it would mean paying off debt and being home owners a little sooner which would be nice. + +I'm torn. I'm nervous I won't like the new job and new coworkers as much. I'm nervous they will be less flexible and I would have to sacrifice my family time more often. There is opportunity for more money and more experience but is that worth it? + +If anyone has made a similar decision I'd love to hear how it turned out. Would love to hear from anyone but especially working mothers. + +**UPDATE** + +Wow, thank you all for the advice. I've read and thought carefully about what each of you said. I think I didn't realize that 20% is not that substantial. I've taken a large pay cut before for my happiness which is how I ended up at my current job in the first place. Since then, I've gotten married and had a child and I guess I felt a certain obligation to earn as much as possible. But I agree with those saying 20% is not worth the uncertainties. + +I'm still going to go to the second interview just to see if I really hit it off with the people or they have some kind of amazing work-from-home option that would significantly increase my quality of life but outside of these two things the 20% increase alone is not enough to take the job. (It was offered unofficially pending a second interview that they said was a "formality".) + +**Mini Update** + +I'm continuing to read your responses and I will still take the second interview with more of an eye at interviewing them. I'm curious how many of you that say you would take the risk have a young child at home? + +Also, I would never use this offer to leverage a raise at my current place. I believe this is a great environment because people love the mission and are generally the type to forgo a little extra money for the sake of fulfillment. It's competitive to work here but not because of the money. I feel that kind of move would be frowned upon. +I was touring a new gym the other day and the salesperson mentioned that they do not accept credit cards and a bank routing number and account number would be used for automated billing. + +I'm concerned for a number of reasons: +*misuse / theft of the bank info +*ill-timed withdrawals +*I generally don't give that information out + +Am I being paranoid? + + +ALL RIGHT, I'm halfway through my ~~first~~ third coffee after sporting a little hangover, so here we go..... - Edit (some typos exist due to different trains of thought merged into a bit of a mess and one can forget to edit some words which once connected to the train) + +***TLDR*** \- The need of ethically sourced rare earths from allied nations is paramount. There are environmental issues (leachate from tailings dams, erosion and radioactivity to name a couple) at rare earth mines such as the Bayan Obo mine in China, Mountain Pass in California and Mount Weld in W.A but of these issues are of different scales. EU and USA have regulatory bodies investigating supply chains which will be meet U.N guidelines whilst also provide them with autonomy. The means of achieving such independence include sourcing materials through recycling to produce rare earth elements to some effectiveness which does lessen dependence of certain producers and decreases waste simply through re-use such as ***NEO*** tsx, ***NMT*** asx and ***LIT*** asx. Some companies are trying to eliminate the need of rare earths altogether (Honda and Jaguar for example). The question is are non-ree-ev cars better? The general consensus is no. If recycling doesn't meet production quota's is - *environmentally friendly REE mining*. Sure, the plant will still need diesel for years (even the plant will be EV operated eventually) but it is way more environmentally friendly than it used to be. The companies which still rely on them if they still require rare earths - there is sorting equipment such as TOMRA (***VML***) and Steinert (***NTU***) which eliminate the need of tailings dams and deplete the radioactive run off risk. + +***Ok this is going to be ranty as fuck*** but - [u/BuiltDifferant](https://www.reddit.com/u/BuiltDifferant/) asked me a good question yesterday about this specifically within the yesterday’s daily (my answer being ***VML*** and they knew about it already), so no worries mate, I'll put my useless framed piece of paper that says "Bachelor of Environmental Science" - with a geography and geology double major (and yes surely there are plenty here who will be way more qualified in this field of almost 80 k members because I'm just have a bachelor degree - and some may nit-pick and have even better suggestions, which is fair enough (this is what makes democracy good) - so I admit I am **FAR FROM AN EXPERT IN THIS FIELD**), but anyway, I may as well use my toilet paper degree with what limited memory and remaining cognitive ability I have for once for you *special people* and see what I can use this boundless resource at our fingertips which more often than not utilise for *frivolous & time wasting purposes* to see what I can find for you good folks. I'm just doing this in one day.... + +We kind of get what *'environmentally friendly'* means - not posing threat of environmental degradation. We get what *sustainable development* means - the ability to prosper whilst not wrecking the future generation’s ability to. Mostly these are loaded words because often there are companies whose 'talk' is more glorified than their 'walk' - the media we are aware are ran by people and are businesses themselves so the system 'money talks', so there have been plenty that have gotten away with the issues they were the point source of (discounting Rio with the sacred site they exploded and some others). So, one must look at the environmental risks rare earth mining poses. + +ANYWAY, before than - lets touch on the types of deposits - the USGS have summarised the types well - (a) carbonatites, (b) peralkaline igneous systems, (c) magmatic magnetite-hematite bodies, (d) iron oxide-copper-gold (IOCG) deposits, (e) xenotime-monazite accumulations in mafic gneiss, (f) ion-absorption clay deposits, and (g) monazite-xenotime bearing placer deposits. [https://pubs.usgs.gov/pp/1802/o/pp1802o.pdf](https://pubs.usgs.gov/pp/1802/o/pp1802o.pdf) Bradley et, al. p. 11. Carbonatite deposits worth mentioning are the massive Bayan Obo mining district in Inner Mongolia, China - check the scale. (It is also worth noting that 55km SW of that mine, there's another which is 4 km at its widest.) + +&#x200B; + +https://preview.redd.it/hv7fivgg7ss71.jpg?width=913&format=pjpg&auto=webp&s=8c1a52fd21ee9c431f83c7645e8b9839d2fcfff8 + +*Look at this hole - the scale of operation is around 16km* + +&#x200B; + +https://preview.redd.it/iwawwrrk7ss71.jpg?width=1086&format=pjpg&auto=webp&s=4bec957cfa812246565f8b0836e7edd4dfec0168 + +*Bayan Obo tailings dam* + +&#x200B; + +https://preview.redd.it/uyeig59o7ss71.jpg?width=1060&format=pjpg&auto=webp&s=bc78038efecc6ce70718ab38cd57088947337af2 + +*Mountain Pass, California mine (MP Materials)* + +&#x200B; + +https://preview.redd.it/79qapz4t7ss71.jpg?width=1088&format=pjpg&auto=webp&s=c9b889ea2f4fa6506877c6c180d027620a6a186c + +*Mt Weld, Lynas Corp - LYC asx* + +&#x200B; + +https://preview.redd.it/r9sz3byv7ss71.jpg?width=1018&format=pjpg&auto=webp&s=01d070904156233692c746eeca70ebad2c741f02 + +*Here is another big hole - Rainier Wolfcastle \\"Nature's biggest holes\\" - \\"Special Edna\\" S14, E 7 The Simpsons* + +***Environmental issues:*** + +Radioactive elements such as thorium and uranium are often associated within the mineral assemblage of some deposits. There are also plenty of Ree's in their own right - periodic table is a good start, and they are further divided into heavy and light ree's which are utilised with different end-uses.... So U and Th, are a part of the accessory minerals —monazite, perovskite, pyrochlore, and thorite [https://pubs.usgs.gov/pp/1802/o/pp1802o.pdf](https://pubs.usgs.gov/pp/1802/o/pp1802o.pdf). Greenland Minerals GGG have hit the wall because of this - the new Greenland government is drafting legislation to ban anything regarding uranium on the island [https://www.nytimes.com/2021/10/01/business/greenland-minerals-mining.html](https://www.nytimes.com/2021/10/01/business/greenland-minerals-mining.html). Unsure of what will happen here, but its looking bleak long term - I feel sorry for investors but I am all for a nation/ dependency's right for self-determination. If they do manage to throw information in their white paper suggesting they are able to ameliorate the U issue through sorting technology, then are fine. Once again, democracy won in this case. Looking back at the investigations of the Ranger Uranium mine, it was evident that potential threats included potential bioaccumulation of U, which could impact the food chain which my crazy friend told me about + +&#x200B; + +https://preview.redd.it/251ad1vz7ss71.jpg?width=637&format=pjpg&auto=webp&s=17b1f3c1ef1ba276b2c38155e34adb825da5b43b + +Is that a platypus or a squirrel I see on the left? \\"Lisa the vegetarian\\", S 7, E 5 The Simpsons + +through waterborne and airborne radionuclides and also create major issues for the Bininj and Mungguy people. Sulphate and magnesium concentrations increased during the first ten years of mining due to run off during an overflow event. So, the Greenland government is definitely justified in its opinion. (Later there is further Greenland discussion) [https://www.osti.gov/etdeweb/servlets/purl/20265803#:\~:text=The%20environmental%20impact%20study%20for,and%20airborne%20and%20waterborne%20radionuclides](https://www.osti.gov/etdeweb/servlets/purl/20265803#:~:text=The%20environmental%20impact%20study%20for,and%20airborne%20and%20waterborne%20radionuclides). + +China has had various issues since they wanted to be the rare earth hub. They did things their way. There are other problems with tailings dams such as toxicity and leaching "The total concentration of REEs in surface soils ranged from 156 to 5.65 × 104 mg·kg−1 with an average value of 4.67 × 103 mg·kg−1, which was significantly higher than the average value in China (181 mg·kg−1)." [https://www.nature.com/articles/srep12483](https://www.nature.com/articles/srep12483) \- smooth brain crayon stuffing interpretation i.e me - 'that's a much bigger number than the other one'... They also utilise pvc pipes, cause widespread erosion which can render once productive agricultural regions useless, use chemicals such as ammonium sulphate and ammonium chloride to leach the rare earths out of the regolith, and at times concrete dams containing leachate can be littering the hills in the hundreds once remediation efforts of the surrounding region have finished. Lynas is not *'innocent'* either (Malaysia), but they are working towards new plants in Kalgoorlie and Texas. [https://e360.yale.edu/features/boom\_in\_mining\_rare\_earths\_poses\_mounting\_toxic\_risks](https://e360.yale.edu/features/boom_in_mining_rare_earths_poses_mounting_toxic_risks) + +&#x200B; + +https://preview.redd.it/z0ogddx68ss71.png?width=602&format=png&auto=webp&s=3deb5e3c57acbedca48a58382104ae3c3b45d995 + +[https://e360.yale.edu/features/china-wrestles-with-the-toxic-aftermath-of-rare-earth-mining](https://e360.yale.edu/features/china-wrestles-with-the-toxic-aftermath-of-rare-earth-mining). + +It brings the ethical issue that we wanted this technology to stay cheap- ish, so responsibility for our purchase choices sits with us, or is it the CCP's fault for not being forward thinking with their environmental regulations? A study has been done about the *Willingness to pay (WTP)* in order to gauge the public mindset if they care about the issues such as pollution, erosion, radioactivity, groundwater pollution, salinity etc in order to pay through higher prices to a) clean up previous cases of pollution and b) create a system with new infrastructure to decrease the likelihood of this happening in the future. + +[https://www.sciencedirect.com/science/article/abs/pii/S2214790X20302951](https://www.sciencedirect.com/science/article/abs/pii/S2214790X20302951) + +It's perhaps a bit of both but things are changing our fault and the CCP's. However, the CCP has created a super group where they have formed 2 large umbrella companies to create better regulations in the REE mining sector so hopefully they will create better standards (and stronger pricing powers as the articles headline suggests). + +[https://www.mining.com/web/china-to-form-two-rare-earth-giants-to-strengthen-pricing-power/](https://www.mining.com/web/china-to-form-two-rare-earth-giants-to-strengthen-pricing-power/) + +The fact that China is the source of most rare earths has been a bit of a bargaining tool - we need to be on our best behaviour or else... We have had some geopolitical turmoil recently as well which I do not wish to go too much into - I mean what could that submarine in the South China/ West Philippine Sea hit? I have an idea - anyway, it’s obvious that China has developed a monopoly of this highly sought-after product, so I will let this flow chart detailing their risks for three main future based sectors from the site below: [https://ec.europa.eu/docsroom/documents/42852](https://ec.europa.eu/docsroom/documents/42852) + +&#x200B; + +https://preview.redd.it/3vdor31b8ss71.png?width=602&format=png&auto=webp&s=90944b7e9d48574a0b4525c5774cac0f42ab4061 + +So basically Europe is well aware of their situation..... + +Since China (and Myanmar) are the source of these vital products, and they cause environmental issues there, but China can use them as a bargaining tool, it brings up the issue of NIMBY's (AKA Greenland with U)- the *not in my backyard* brigade. Who would want to have pollution and radioactive waste in their environment? I get it. But, to what end are they willing to possess the fruits such as technology sourced from others labour and environmental degradation in distant lands so the environmental effects barely impact them? We also need to secure our supply chain as well. There are changes in Europe and North America surround these issues where A) they source the REE materials independently B) they refine their own REE from the source material independently C) they do this through *environmentally friendly* practices *(basically way more environmentally friendly than has been the previous standard).* + +There are ethical phones as well [https://www.fairphone.com/en/](https://www.fairphone.com/en/) \- so I am unaware of how 'good' they are - I'm running around with an Apple iPhone 13 pro and I have ear buds - I basically use Apple because I am lazy AF when it comes to adapting to other phone tech. Maybe in the near future I'll make the switch. + +Lets talk ***Europe*** \- there are currently no active REE mines within the European continent. However, here's a journal article about REE in Europe if they do manage to get cracking, [https://www.sciencedirect.com/science/article/pii/S0169136815300755](https://www.sciencedirect.com/science/article/pii/S0169136815300755) + +If they do get cracking, the EU has the ERMA (European Raw Materials Alliance) and EIT (*European Institute of Innovation and Technology*) Raw Materials as regulators to ensure that whatever product is mined or part of the supply chain within Europe, green principles are a must? They are really anal about this, which is good.... SO, there are ***10 principles*** within the ***UN Global Compact*** \- which the EU follows: + +Human Rights + +[Principle 1](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-1): Businesses should support and respect the protection of internationally proclaimed human rights; and + +[Principle 2](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-2): make sure that they are not complicit in human rights abuses. + +Labour + +[Principle 3](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-3): Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; + +[Principle 4](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-4): the elimination of all forms of forced and compulsory labour; + +[Principle 5](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-5): the effective abolition of child labour; and + +[Principle 6](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-6): the elimination of discrimination in respect of employment and occupation. + +Environment + +[Principle 7](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-7): Businesses should support a precautionary approach to environmental challenges; + +[Principle 8](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-8): undertake initiatives to promote greater environmental responsibility; and + +[Principle 9](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-9): encourage the development and diffusion of environmentally friendly technologies. + +Anti-Corruption + +[Principle 10](https://www.unglobalcompact.org/what-is-gc/mission/principles/principle-10): Businesses should work against corruption in all its forms, including extortion and bribery. + +[https://www.unglobalcompact.org/what-is-gc/mission/principles](https://www.unglobalcompact.org/what-is-gc/mission/principles) + +So in the future, if you are speculating that a penny stock may break out into Europe, you definitely want to be placing your dollarydoos in a company which meets these principles as a minimum (also the right thing to do as well imho gtlah)...... + +Also, ***Russia*** has reserves of 12 million tonnes of REE, and they are priming themselves to be ready for producing up to 7,000 tonnes annually by 2024 [https://www.reuters.com/article/russia-rareearths-idUSL8N2F73F4](https://www.reuters.com/article/russia-rareearths-idUSL8N2F73F4) \- but will it be *environmentally friendly? Who knows? (Will they follow the global compact though? Will China? Hell, will we?* We have that $2 billion amount of investing to be distributed around Australia's rare earth sector which could see (fires off rare earth watch list - so dodgy pennies which might not even see 1 cent could be mentioned) Abx, Alk, Aoa, Ar3, Arr, Aru - have to say this - '*shovel ready*', Asm (South Korea destined product), Auz, Aym, Dre, Dtr, Emt, Epm, Fnt, Gbz, GGG (Greenland), Has, Hav, Hym, Ilu, Ixr (Uganda atm), Jrv, Kta, Lcy, Lin, Lot, Lyc (the big daddy received $30.4 mil US in funding from the Pentagon to build a Texas LREE processing facitilty), Mlm, Mmc, Mnb, Mrd, Mtm, Ntu, Nva, Orm, Pek (mining @ Tanzania, rare earth refinery @ UK), Pgm, Psc, Pvw, Rbx, Ree, Rmx, Sci, Srl, Svy, Tmr, Trt, Val, Via ( dodgy af? - check the chart and buy/sell ratio - but yeh, well done to the tight hands of the holders), Vic, Vmc and LAST BUT NOT LEAST Vml (they probably won't see a cent from that $2 billion because of being in Canada). Basically that applies to all in the list, I speculate that they'll priorities companies with operations specifically within Australia because Australian jobs for Australian workers and investing in Australia is important and LNP wants to win the election and insert key politically loaded word here..... + +[https://www.pm.gov.au/media/backing-australias-critical-minerals-sector](https://www.pm.gov.au/media/backing-australias-critical-minerals-sector) + +[https://steinertglobal.com/au/magnets-sensor-sorting-units/sensor-sorting/x-ray-sorting-systems/steinert-xss-t-evo-50/](https://steinertglobal.com/au/magnets-sensor-sorting-units/sensor-sorting/x-ray-sorting-systems/steinert-xss-t-evo-50/) + +&#x200B; + +https://preview.redd.it/14xq19af8ss71.png?width=602&format=png&auto=webp&s=ed19da8409d8bea8b2bdb70b694c0bfe852de919 + +NTU Hree Browns Range Steinert sorting plant - a great way to limit environmental effects whilst improving grades through vibration and X-rays transmission [https://www.proactiveinvestors.com.au/companies/news/960069/northern-minerals-tests-sorting-system-on-its-largest-orebody-with-positive-results-960069.html](https://www.proactiveinvestors.com.au/companies/news/960069/northern-minerals-tests-sorting-system-on-its-largest-orebody-with-positive-results-960069.html) + +***Recycling materials*** is obviously *environmentally friendly* because its simply sourcing material that has already been mined. There are companies out there which are doing this on the asx able to extract and repurpose REE's such as Neo Materials TSX NEO [https://www.neomaterials.com/neo-performance-materials-joins-the-u-n-global-compact-and-commits-to-implementing-its-10-principles-to-promote-sustainability/](https://www.neomaterials.com/neo-performance-materials-joins-the-u-n-global-compact-and-commits-to-implementing-its-10-principles-to-promote-sustainability/). Neometals *NMT and* Lithium Australia *Lit* \- battery recycling is simply battery materials, not Ree's which are in the permanent magnet motors, but if they obtain the whole car which is being recycled and not just the battery, they may both become a point source for recycling other products within used EV's and smart phones as well (if budget allows). Who knows what the future holds for both companies? + +OK SO FINALLY - "environmentally friendly mining" in Europe and North America. + For ***Greenland*** (not so environmentally friendly) you may wish to look at Eclipse Metals EPM asx - they have a cryolite/ rare earth deposit which is apparently free of Uranium - the Ivittuut deposit is simply different to Greenland Minerals Kvanefjeld deposit. Unlike GGG, EPM are in the Greenland government's good graces at the time of typing. If you look at the aerial image below, its definitely not 'environmentally friendly' - simply put, the previous mining company which finished back in the 80's did this. [https://www.eclipsemetals.com.au/wp-content/uploads/2021/07/2021.07.07-Greenland-Government-Approves-Ivittuut-Fieldwork-Programme.pdf](https://www.eclipsemetals.com.au/wp-content/uploads/2021/07/2021.07.07-Greenland-Government-Approves-Ivittuut-Fieldwork-Programme.pdf) + +Who knows what equipment they'll utilise in mining - obviously if its the standard equipment, it won't be environmentally friendly. It's all speculation at this point. + +&#x200B; + +https://preview.redd.it/23hp1iji8ss71.png?width=602&format=png&auto=webp&s=dbd0febb6368f37d3fbfe338b8cfbb64d2320d47 + +EPM's Ivittuut is a brown field project...... Sure and they had a pretty good run over the last few months regarding their share price. I'm unsure about capex and opex - admittedly these terms are pretty new. (I am not holding btw). They obtained the lease for an old mine - so obviously we are dealing with different times. It's like the Greenland government think EPM can improve the area by mining it more.... Environmental related costs will be large when they are finished with production (but drilling may prove the deposit is worth it). At least there is no Uranium. The former pit is now dam on the left-hand side of the image. They apparently have tailings from the previous owner which have been proven to be economic in value so if they have customers lined up, they could be onto some revenue soon. + +&#x200B; + +https://preview.redd.it/2rkjmnml8ss71.png?width=602&format=png&auto=webp&s=72ded1109e79ea6875fd0096c19cb055826a854b + +Greenland Minerals Kvanefjeld deposit sits roughly 550 m above sea level, 8 km from a major town of Narsaq. It is a greenfield project. on currently undeveloped land where the only environmental risk I guess increased mercury concentrations from melting glaciers. Who knows what risks the mine could pose to the town of 1,400 people? (2.5 %; of Greenland's population) + +[https://cosmosmagazine.com/earth/earth-sciences/mercury-found-in-greenlands-glacial-meltwaters/](https://cosmosmagazine.com/earth/earth-sciences/mercury-found-in-greenlands-glacial-meltwaters/) + +There are other companies in exploration mode within Greenland listed on the ASX such as ***CNJ*** (Au, Cu, Ni, Co, Pd, Zn, Pb, Ag), ***Ibg*** (Zn, Pb), ***PGM*** (Au, Pd) and ***Igo*** (Cu). Greenland is obviously benefited by being centrally located. Since the ice is melting there will be more deposits exposed - it will be bare rock due to the ice sheet/ glacial erosion which will make things easier for geo's but this benefits of melting ice for exploration geo's doesn't have any issues for the rest of the global population whatsoever...... Unsure of other countries which have mining companies listed on their stock exchanges that are active at Greenland atm but that is all I am aware of. + +***North America*** \- + +Presidents Trump and Biden may have been ***very different leaders***\*,\* but their rare earth policy aligned to a degree - where President Cofvefe Trump's term produced an executive order in October last year to commence investigation in the rare earth supply chain. President 'that fella from down under' Biden's infrastructure deal met a speed bump recently but the senate approved the temporary raise of the debt ceiling, so, crisis averted? These supply chain investigations will be completed by November 12 where companies will make submissions to the US Department of Commerce by the above time [https://www.jdsupra.com/legalnews/us-department-of-commerce-solicits-6403479/](https://www.jdsupra.com/legalnews/us-department-of-commerce-solicits-6403479/) + +[https://www.lexology.com/library/detail.aspx?g=21472ae3-82e1-4536-950d-3e33fb7b3aa1](https://www.lexology.com/library/detail.aspx?g=21472ae3-82e1-4536-950d-3e33fb7b3aa1) + +So does this mean a President Biden led US will follow the same if not similar protocols the EU adheres to in the UN Global Compact? Will they follow the UN Framework Convention on Climate Change? + +***End users:*** This is a dynamic situation between Taiwan and China could either be forcing companies to jump to safer shores like North America/ Europe or its just me being pessimistic. If it is purely for growth purposes, then the Taiwan government don't have anything to worry about. Still, Foxconn (Apple car?) [https://asia.nikkei.com/Business/Companies/Taiwan-s-Foxconn-to-build-EV-plants-in-US-and-Thailand-in-2022](https://asia.nikkei.com/Business/Companies/Taiwan-s-Foxconn-to-build-EV-plants-in-US-and-Thailand-in-2022), Advanced Lithium Electrochemistry (Cayman) Co [https://techtaiwan.com/20210707/li-ion-battery-material/](https://techtaiwan.com/20210707/li-ion-battery-material/) and Delta Electronics [https://www.electrive.com/2021/10/06/stromvolt-americas-announces-battery-plant-plans-for-canada/](https://www.electrive.com/2021/10/06/stromvolt-americas-announces-battery-plant-plans-for-canada/) are all coming to North America in quick succession and with them will come a need for critical minerals - and its they could be locally sourced. Tesla is an obvious other company worth listing and there are plenty others. Mns will have their plant operational in NY within the decade hopefully. + +**Production/ Explorers/ Recyclers:** Until recently, there weren't any rare earth mining operations in North America - this all changed when ***MP Materials (MP)*** (is it worth noting that Chinese company Shenghe Resources is a major shareholder? They are basically everywhere - *Ree* and *GGG* as well as plenty others) restarted operations at the Mountain Pass mine in 2017. Now you have ***Energy Fuels (UUUU)*** who have recently entered the ring to refine rare earths out of their uranium mine as well as target other rare earth mining companies within North America which would prefer their product to stay within the safe confines of their continent taking out shipping risks and potential international disputes. [https://www.the-journal.com/articles/white-mesa-mill-in-southeast-utah-enters-the-rare-earth-market/](https://www.the-journal.com/articles/white-mesa-mill-in-southeast-utah-enters-the-rare-earth-market/) ***ARR*** is American Rare Earths but is ASX listed - we know, they may get going - the chart over the last 6 months looks noice! But simple proximity to a Tesla factory isn't a sure thing. But sure, it could prove to be an advantage anyway. Environmentally friendly, we shall wait and see when they are up and running. Some coal baron's are trying to create a movement directed at obtaining ree's from coal - if you can without generating carbon dioxide, go for it I guess - no need to create mass redundancies if you can keep the dinosaur relevant. ***Redwood Materials*** is involved in recycling ev products. [https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html](https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html) + +Specifically in **Canada** you have companies on the Canadian stock exchanges like Avalon (VML's bigger Canadian cousin which shares Nechalacho), ***Canada Rare Earth Corp CVE: LL***, ***Search Minerals :SMY -*** a winner of a Canadian government grant to get it to production sooner in Labrador\*\*\*, Marvel Discovery: Marv\*\*\* (subsidiary *Power One Resources*) in Quebec, Ontario and British Columbia\*\*\*, Mkango Resources (Mka) -\*\*\* Malawi operation, ***UCORE*** is working toward a HREE refining facility in Alaska & have a Hree resource at Bokan Mountain on Prince of Wales Island Alaska - they say they will meet ESG standards- principles on environmental, social and governance factors, so once again, we'll believe it when we see it. ***Defence Metals Corp: DEFN*** + +I left ***VML*** last because I know more about them and I am intending on holding long term - and its a little bit of not buying at [u/Doomkoon4648](https://www.reddit.com/u/Doomkoon4648/) or [u/D12kL0rD](https://www.reddit.com/u/D12kL0rD/) or [u/Rude\_Jello\_377](https://www.reddit.com/u/Rude_Jello_377/) prices - but in bizarro world I guess, every dip is an opportunity to average down. It really has the makings of a long-term play. The above policies and situational analysis mentioned leaves me to believe that VML is best placed to benefit in the rare earth production realm on a global scale. They took the surface 150m ree's (predominantly Lree's) from Avalon Advanced Materials for $5 million in June 24, 2019 and they have a 3% NSR type royalty. [https://www.newsfilecorp.com/release/49264/Avalon-Receives-Final-Payment-from-Cheetah-Resources-for-Acquisition-of-Nechalacho-Rare-Earth-Resources](https://www.newsfilecorp.com/release/49264/Avalon-Receives-Final-Payment-from-Cheetah-Resources-for-Acquisition-of-Nechalacho-Rare-Earth-Resources) + +This site has had a massive history with the deposit identified in 1937. Drilling operations commenced in 1976. There must be thousands of metres of drill samples there - laying in their archive sheds at the site. [https://www.avalonadvancedmaterials.com/\_resources/43-101\_Technical\_Report-Mar13-11.pdf](https://www.avalonadvancedmaterials.com/_resources/43-101_Technical_Report-Mar13-11.pdf) + +Like NTU, they have a sorter + +&#x200B; + +https://preview.redd.it/rhyszzjp8ss71.png?width=390&format=png&auto=webp&s=11ec852c6bef4b49d3c3393a03760ba4a22c167b + +*This is what will be coming to the SRC, or VML sites in Saskatchewan in 2022.* + +[https://im-mining.com/2020/03/05/tomras-src-ties-open-new-north-america-ore-sorting-markets/](https://im-mining.com/2020/03/05/tomras-src-ties-open-new-north-america-ore-sorting-markets/) + +&#x200B; + +https://preview.redd.it/yd3mbb2s8ss71.png?width=602&format=png&auto=webp&s=f75c33ccd8dac638d95227b50cd81236c1777193 + +*Dene First Nation and Cheetah Resources/ VML employees celebrate the commissioning of the sorter at Nechalacho. The fact that this company supports the local indigenous population is a massive bonus, especially after all the native American community has been through as other groups have experience with colonisation.* + +[https://www.mining.com/traditional-dene-ceremony-marks-first-production-at-nechalacho-rare-earth-mine/](https://www.mining.com/traditional-dene-ceremony-marks-first-production-at-nechalacho-rare-earth-mine/) + +They also have acquired a heavy rare earths project in Quebec for $8 mil payable in 5 installments with some low grade Uranium exposure at the Kipawa and Zeus deposits. + +&#x200B; + +https://preview.redd.it/1d5moznv8ss71.png?width=602&format=png&auto=webp&s=66496ae1d12d32523ac8835134135935886ed62f + +[https://www.sec.gov/Archives/edgar/data/913955/000113717109000302/ex993.pdf](https://preview.redd.it/wv3j5psjq7s71.jpg?width=637&format=pjpg&auto=webp&s=40390e58d8748fb53443965d18d12493445c8485) + +&#x200B; + +https://preview.redd.it/prt9gngy8ss71.png?width=602&format=png&auto=webp&s=c0896a2d1c6f58791430413a53a23ee6b5912263 + +Drill pad within the Kipawa and Zeus tenement. + +&#x200B; + +https://preview.redd.it/9uqfnqt09ss71.png?width=602&format=png&auto=webp&s=4789d4594383a3fdc7f2a331c43e2f61c09e3961 + +Roughly 20km from where the mine may commence – quite a decent buffer. (It is worth noting that Nechalacho is around 100km away from Yellowknife). Here, since no lakes seem to be interconnected (unsure of hydrogeological flow in this area – but it poses little risk of leaching if they do install a tailings dam). Also worth noting, theoretically a tailings dam won’t even be installed there due to a Tomra sorter if/ when they are up and running at this site. It is also worth noting that the Kipawa community does have some members who are anti mining – which is fair enough. Hopefully Nechalacho will have no environmental issues (they should be okay) so this should provide a decent model for the local community to see the gains from an ethical mining facility. + +&#x200B; + +https://preview.redd.it/7ncfwan39ss71.png?width=602&format=png&auto=webp&s=948f656495cdb7a2d8eebcec904154120b426f4f + +From the looks of this - VML doesn't look that environmentally friendly either -at the top right of the image, the bunding wall within that rectangular area looks to be the start of artificial basin for a tailings dam. The sorting equipment negates the need of a tailings dam thus keeping the footprint of the mine down, which eliminates leaching risk. Also the low footprint limits the risk erosion. + +[https://www.nsenergybusiness.com/projects/nechalacho-rare-earth-mining-project/](https://www.nsenergybusiness.com/projects/nechalacho-rare-earth-mining-project/) + +It could simply be a waste rock area which it seems there is some already dumped there. In any case, is there really any *environmentally friendly rare earth mining* on the planet? EV machinery will make it so. Point of the matter is that they are working toward lowering their environmental footprint with the SRC processing facility and VML's facility will be next door - so SRC is obviously another potential offtake target. They have had discussions with manufacturing companies in U.S and the E.U about their product but Geoff has been good and has kept who with and what was discussed quiet - and there has not been any paid advertisement disguised as media from him or VML. I believe that VML definitely meets all ten of the principles in the UN Global Compact. Low long-term risk is what I am happy with in the current economic climate. (Or the way my luck has been in my life - they'll be bankrupt next week) haha. + +Cheers for reading people - if you liked it cool. If you didn't + +&#x200B; + +https://preview.redd.it/1bxjxu579ss71.png?width=437&format=png&auto=webp&s=f318b2f15118c5628a88f7c48d5abbe19fe14130 + +*Its my first day (or big post which I actually used my brain) - S9 E 19 The Simpsons* + +Now the waiting game continues......... + +[https://asx.swingtradebot.com/equities/VML:ASX](https://asx.swingtradebot.com/equities/VML:ASX) + +&#x200B; + +https://preview.redd.it/kqbohmd99ss71.png?width=602&format=png&auto=webp&s=88391094860fb5c5a85ddb5ae93ff12bd8d6f7ab + +***It is worth noting the non- rare earth movement:*** + +[In Mahle's Contact-Free Electric Motor, Power Reaches the Rotor Wirelessly - IEEE Spectrum](https://spectrum.ieee.org/mahles-electric-motor-says-look-ma-no-contacts) + +[GM, General Electric to study rare earth supply projects for EVs | Reuters](https://www.reuters.com/business/autos-transportation/gm-general-electric-develop-supply-chain-rare-earth-materials-evs-2021-10-06/) + +[Electric vehicles and rare earths: Key to the electric revolution | Edison (edisongroup.com)](https://www.edisongroup.com/edison-explains/electric-vehicles-and-rare-earths/) + +***Bio-mining seems to be the real deal in the ethical mining sector:*** + +[Biomining rare earth minerals - Enbridge Inc.](https://www.enbridge.com/energy-matters/news-and-views/biomining-rare-earth-minerals) +I'm interested in storing and managing my own historical stock dataset to avoid having to pay subscription fees to Polygon. I was planning on buying some xTB external hard drive and using Alpaca MarketStore as the frontend for accessing the data. I'd then backfill the drive with Polygon's historical data. Here are some questions I've been having: + +1. What's your infrastructure like for storing/managing the dataset? +2. What frequency of data do you store? (Tick, 1sec, 1min, 1day, etc.) +3. Do you store raw data or adjusted (for splits, dividends, etc.) data? +4. How do you deal with stock splits, dividends, other price adjustments? +5. What's the byte size range for the frequency of data you store? (Ex. 1day of tick data is 1-5MB) +For any successful algo traders here, which book do you think is the best or pointed you to the right direction? + +I have read Advances in Financial Machine Learning, I am wondering what other books are must read. +Commission-motivated investment "advice" will be a thing of the past for custodians of IRAs and 401ks, according to [new rules](http://www.post-gazette.com/business/money/2016/04/04/Financial-advising-firms-watching-new-fiduciary-rule/stories/201604030116) issued by the Department of Labor [today](http://www.nytimes.com/2016/04/07/your-money/new-rules-for-retirement-accounts-financial-advisers.html), disrupting a multi-billion dollar revenue stream and protecting unsophisticated consumers. Since tax-sheltered retirement accounts are the biggest part of most workers' nest-eggs, this is absolutely huge. +*disclaimer: This sheet has no script, no hidden cells, no hidden formula.* + +Quicken user for 20+ yrs. 2 months ago, my 2016 Quicken was expiring and I decided to develop a spreadsheet to replace Quicken. My sheet has been working great for 2 months so I've decided to share with the public. Obviously, I had to remove my personal data. And I also removed several complex functions so that anyone can understand the core formulas and modify to suit their needs. + +**Link to bare bone version:** + +https://docs.google.com/spreadsheets/d/1rt14NzYB3OcZ2jLqnJAp3YkhV7R25ipjjkQiyVVmBfs + +This basic version has 5 tabs: + +1. NET WORTH (or account balances) +months in rows, accounts in columns + +2. INCOME EXPENSE +months in rows, categories in columns + +3. PORTFOLIO (# of shares, prices) +months in rows, securities in columns + +4. Data1 (for entering bank/CC/loan transactions) +columns: account, date, payee, category, amount + +5. Data2 (for entering investment transactions) +columns: account, date, type, symbol, price, shares, $ amount + +**How it works:** + +Enter bank/CC/loan transaction data into "Data1" and investment transactions into "Data2". (This copy has a fictional example for demonstration. See #16 below to semi-automate data entry.) + + +Then the Google sheet auto-updates the 1st 3 report tabs + +"INCOME EXPENSE": Pivot Table calculating how much you spent on each category, each month +"PORTFOLIO": =sumifs(shares, security, date) calculates how many shares you own at any given month. Then =googlefinance() pulls historical end of month security prices. Multiplied by # of shares to calculate the value for each security, each month +"NET WORTH" =sumifs(amount, account, date) calculates end of month balances for every account + +**Additional functions/features** (You may add the following to this basic version. I'm not willing to share my full version with these features because of privacy. But I'm willing to explain how to add these features below. Just ask.): + +1. "Dashboard" tab to display the current account balances, line/bar/pie charts for portfolio value/spending/asset allocation (similar to Quicken homepage) +2. Double clicking a cell in Pivot Chart creates a new tab displaying only the corresponding transactions +3. "Running balance" for account reconciliation +4. Use "filter" in pivot table to exclude unwanted categories such as "Transfer" in spending report +5. Accrual-basis accounting (vs cash-basis). For example, tax refund received on 4/15/2019 should be recognized as for year 2018 (not 2019). +6. Expensing a large item purchase (eg. car, property tax) over time (vs lumpsum expense) +7. Split transaction (eg. mortgage pmt = interest expense + principal pmt) +8. Recognize gross income (vs net income) +9. Dividend/capital gains income +10. Cost-basis, unrealized capital gains, dollar-weighted return +11. Asset allocation (eg. Stock vs Bond %) +12. Data validation (selecting field from a list) +13. =importrange() (useful if your data becomes too large) +14. =iferror() (to hide #N/A results) +15. Excel doesn't support =googlefinance() to pull historical prices. As of now, Excel can only pull current information instead. This will not help with calculating the portfolio value as of 3/31/2019. To use Excel, consider using the last recorded price or a 3rd party add-in. +16. Download transaction CSV files from websites and copy/paste data (vs hand entry). If you are willing to share passwords, consider mint, tillerhq to import data. +17. Learn how to convert QIF to CSV, if you are migrating from Quicken +18. Sort transactions in descending vs ascending date order +19. Conditional formatting based on account name in Data tabs +20. Use "Define named range". For example, use "dates" instead of "Data1!$B:$B" in commands. Easier to refer and debug. +21. Use Google Form to enter transaction data at point of purchase. + +Let me know if you want to know more about these with examples. + +**update1**: There are no hidden commands. To be transparent, I removed blank rows/columns and conditional formatting. Also use Ctrl + ` keys to see all the commands. Just add more rows/columns, as needed. + +**update2**: Some requested an XLS version. Today, I attempted XLS version from scratch but faced 2 setbacks: +1. Excel doesn't have a built-in command to pull "historical" stock prices, which is needed to calculate the portfolio values for a given date. Possible solutions: a) use Google Sheet to collect price data and copy paste manually. b) use 3rd party add-in or VB. +2. Excel doesn't automatically update Pivot Table. After entering new data, one must manually "refresh" the table. https://support.office.com/en-us/article/refresh-pivottable-data-6d24cece-a038-468a-8176-8b6568ca9be2 To automate this, one can use macro, which comes with its own risk. + +**update3 (7/9/2019)** Added a Net Worth chart at the request from https://old.reddit.com/r/financialindependence/comments/cb0gyt/graphing_net_worth_investments_contributions/ +I'm genuinely curious what they are waiting on. I honestly believed that once the vote was done, we'd hear something within a week or two. We're approaching 4 weeks since the meeting and not a peep. Am I missing something? Are there other big hurdles they need to get over/around first? Not trying to be impatient, but I'm ready to see some action. +Since the past few days I was toying with the idea of parking my idle money, which I might need in 4 to 5 months, in overnight funds or liquid funds. These funds invest a part of it in Government Bonds and T-bills. + + +Instead of investing in those funds why not buy 91 day T-bills directly? On doing so I will be getting much better returns. + + +Is there any disadvantage in direct buying of T-bills? Will there be a lot of hassle when I have to redeem them after their maturity?? +**Background:** Several weeks ago I accidentally purchased a $100 Starbucks E-gift card through the Chase.com website on my computer browser. I wanted to send my sibling a belated gift of direct money. Within 2-5 minutes of sending the money and realizing my mistake, I called Chase and Starbucks to cancel the transaction. Chase said they could not cancel it because the transaction was already completed and $100 had been debited from my checking account. A representative from Starbucks redirected me to Cashstar (the third-party company in charge of E-gifts). The Cashstar representative cancelled the transaction. + +I was supposed to refunded my $100 a month ago, but I have not seen my money yet. This is the summary of what has happened. + +**Chase:** + +* Their transaction history confirms that the money was debited from my account and sent out. +* They have not received any confirmation of any refunds or money returned, so as far as they are concerned, the money was released and cannot refund the money. +* I spoke to a branch associate who sat down with me for about 2 hours on the phone with Cashstar and Starbucks who both confirm that they never received the money because they cancelled the transaction/e-gift card -- "Chase must be responsible." +* Chase Internal investigation and Claims division "investigated" the matter and deemed they cannot refund me the money. The money was sent out and that's the only record they have. But they never contacted anyone OUTSIDE of Chase - and they refuse to. +* Chase directs me to Starbucks/Cashstar because they "MUST HAVE RECEIVED" the money. + +**Starbucks:** + +* The transaction happened online through Chase's platform so contact them. +* The transaction was for an e-gift card so contact Cashstar, because they handle online/e-gift card transactions. +* Starbucks records show that the card was cancelled and never processed. +* Starbucks has no record of money coming in. + +**Cashstar:** + +* Transaction and Card Number only yield an empty and unactivated card. +* Cashstar cannot see if money came in, only that it was cancelled. +* Cashstar claims that they do not see or handle any of the money directly -- I should contact either Chase or Starbucks. +* Cashstar redirects me to Chase regarding the refund because the money originally came out of my Chase bank account. + +**Me and My Sibling:** + +* My sibling and I received the regular e-gift card email with the code to open it, but it never opened and yields only a 404 page. The card doesn't exist. +* I am still missing $100 from my account. +* My sibling never received the $100. + + +I am at a loss as to where my $100 is. I keep getting redirected around and around and I have spent over 10 hours on the phone and at the Chase branch talking to people trying to get my $100 back. + +**My bank claims the money was sent out, the other companies say the money was never received.** + +**[Here is a visual summary of my experience.](https://imgur.com/ASiShfs)** + + +**EDIT:** **Thank you for the overwhelming support and suggestions from everyone.** I did not expect this post to pick up so much momentum. I tried to be as detailed as possible with my contacts with each company. I am in the process of getting my dates and details lined up to file for a CFPB complaint. I will update as necessary. + +I am sorry to hear about the others who have experienced similarly unresolved issues. I hope we can find a solution to all this. + +More than two weeks ago, I sat down with a Chase bank representative and we tried our best to do a conference call of Chase, Cashstar, and Starbucks. At one point, we had a Starbucks rep and a Cashstar supervisor on one line, and the Chase bank representative was on the line with the claims and quick-pay dept of Chase. Nothing was resolved. +I always imagined myself advancing to a distinguished role with some influence (and the side effect of wealth) but I’ve come to realise that I don’t care for climbing the career ladder or going above and beyond to reach some lofty ambitions and rather I just want a job that’s relatively low stress and low responsibility, which doesn’t bleed into my personal life, and pays just enough that I can afford to feed the wolf at the door and perhaps buy a new instrument and have a bit of a holiday every 3 years or so (there are no kids on the horizon). I also have recently been diagnosed with an auto immune condition that flares up during times of high stress and causes some really unpleasant symptoms, so that was the nail in the coffin for the high flying life. + +&#x200B; + +My sense of identity is not tied to my profession, and most of my gratification and fulfilment comes from reading, writing music, writing fiction, trying new hobbies, friendships, getting out in nature, volunteering and whilst I wouldn’t want to feel as though my job is promoting profligacy, inequality, addiction or insecurity I don’t need my job to be a passion, or to feel as though I’m changing the world every time I get out of bed. + +&#x200B; + +My background is in communications, marketing and web design but not necessarily looking to remain in those areas. I don't mind studying / training to get there. + +&#x200B; + +So with that said do you know of any jobs that seem to fit the bill? +Hello, + +I started DRIPing last July, and I put about 5k so far. + +Lately, all stocks and bonds have been plummeting and I read several articles about the fact that we're in a setting that has not been explored yet, meaning that the buying the dip strategy won't work anymore, it's better to use trend following strategies. + +The question I was asking myself is : Is it a great idea to hold stocks these days ? + + +Thanks, +I am sure many of you might have found the title a bit odd or confusing. Please help a noob out. + +For the past few months, I would buy/sell index funds or funds investing in a particular sector just before cut-off time to gain an advantage of the fall/rise in NAV value of the mutual fund on that day. This was possible because these particular funds were highly correlated to the sector indices or Nifty/Sensex values (depending on the fund). + +Few people I talked told me that I am not an investor, since I am purely looking at short-term gains. I can't call this trading also because there is no intra-day or short-selling option available to me. + +While I have tried my best to give a brief background of what I did, the end result was that I would earn between 3-5% on my investment over a period of 7-10 days. If the fund has an exit load of 15 days, I'd sometimes wait for 15+ days to redeem the gains. + +For example Nifty fell around 4% on 21st Dec. I bought Mutual units of an Index fund that day and sold it 3 days later with no exit load. Got 3%. Because I have been tracking the market for quite some time, I knew that the UK virus cannot lead to a free fall greater than that, and I gambled that the market would bounce back. But this is just an example, and the point of the post is something different. + +The whole point of this post is: Can I not do this from 1st January onwards? I am genuinely concerned because of the new rule that says - From Jan 1st 2021, all investment transactions, irrespective of the amount and type will be processed by the Mutual Fund companies only when the money reaches their account.  + +I have very few people around me who are into investments, and the few who are don't invest in mutual funds and only do stocks. I am open to having a discussion here or DMs. +I don't understand why for example the Vanguard S&P 500 ETFs (VUSA) traded on the Amsterdam exchange only appear to change in value during the Amsterdam trading hours, and not during the hours when the underlying stocks are traded on the American markets. Could someone explain this? + +&#x200B; + +As I understand it, the ETF is the weighted average of the \~500 underlying stocks, but that would mean that only changes in the value of those 500 stocks would result in changes in the value of the ETF, but apparently, I misunderstand something (and couldn't find an explanation on Google). +I’m getting like $6 return on my investment every month. + +Any recommendations on how to best make the money work, like stocks or crypto? + +I do plan on pulling the money out in a few years for a large purchase, but I’m wondering if there’s a better way to store it rather than a savings account. +Can you explain what's happening right now in the market? I've read that theres a bear season. Is this it? I'm pretty new to investing, just started this year. And I'm not touching anything til it goes back up (selling). Thank you redditors! +**A month ago Binacne blocked my old, active account that was 3d level verified and full of 1.2K BTC.** + +The account was created and used for arbitrage on cryptocurrency markets and everything was good for a long time before Binance decided to block it. + +Since then I’ve had a long conversation with their representative where I provided all my documents (even more that it was necessary), passed video verification and fund verification as well. + +During our conversation they changed the reason for blocking my account a few times and as a conclusion it’s still blocked. + +The first reason was “security” the last one was “law enforcement” which they don’t want to connect me directly with. And you know what, I don’t believe them at all. + +1. I make deposits from and make withdrawals exclusively to other well recognized exchanges from Top-10 exchanges. +2. I haven’t made withdrawals to any new addresses for last month. All withdrawals were from addresses that I used before for as long as several months. Why have you just now blocked my account? +3. All my withdrawals can be traced to well-known cold wallets of respectable exchanges (all were in top 10, according to CMC). +4. The hackers don’t do any arbitrage. +5. It's strictly prohibited to tell anyone that reason of blocked account is law enforcement (in case it's real reason, not like in my case). If it's really law enforcement they will connect you directly without any 3d party. + +My accounts on other exchanges are active, so, I’m just wondering for what reasons is Binance holding my money with no rules or reasons for it? + +I just kindly ask the official Binance representative to let me know that an investigtion about the account has beed started. + +u/Binance How long does it take to finally solve the issue with my account as they’ve had all the documents and information for more than a month? + +Is there anyone who’s faced the same situation? What kind of actions should I take against Binance to get my funds back? +https://www.cnbc.com/2018/02/04/early-facebook-and-google-employees-form-coalition-to-fight-what-they-built.html + +> SAN FRANCISCO — A group of Silicon Valley technologists who were early employees at Facebook and Google, alarmed over the ill effects of social networks and smartphones, are banding together to challenge the companies they helped build. + +> The cohort is creating a union of concerned experts called the Center for Humane Technology. Along with the nonprofit media watchdog group Common Sense Media, it also plans an anti-tech addiction lobbying effort and an ad campaign at 55,000 public schools in the United States. + + +[https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7](https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7) + +Two of the most widely sourced indicators for the state of the property market are the Corelogic daily and monthly indicators. + +Many people have recently observed that an increasingly high proportion of property sales have been published with “price withheld”, and I got curious about how and when these sales would be included in Corelogic price indices. Following enquiring with Corelogic and doing some of my own research, I came to discover the most widely cited price indices Corelogic publishes, namely the daily “hedonic” index and the monthly price index *do* use the “price withheld” sales, but that these are only incorporated once these sale prices are revealed to the valuer general some months later. + +If it were to be assumed that stronger sales are more likely to have their prices disclosed by the agents, and weaker sales are more likely to be “price withheld” the upshot would be that agents (or potentially shy vendors) have the ability to make the market appear stronger than it really is by simply reporting the prices of mainly the stronger sales. + +If this were to be true, it could mean that in times of weak conditions, you could expect that biasing to include mainly stronger sales (by reporting prices on mainly those sales) would bolster the index, and then later down the track, when the prices recover, and agents / vendors choose to report more sale prices again, the “price withheld” rate would start to drop. + +So how prevalent is this issue today? Well the answer is ***extremely.*** I looked into the auction results for the week ending 28 June 2020 for 25 different suburbs in NSW with the highest number of results and what I found was shocking even by my own cynical standards - 49% of sales were "price withheld" out of 100 sales in Sydney. + +The above shows that *around half* of property sales in Sydney had their prices withheld for week ending 28th of June (49% - and we can be 95% confident the true proportion is between 39% and 59% statistically speaking). + +What this means is that the recently reported “minor dip” in property prices is likely actually more akin to the prices cratering. Consider that if it were assumed that every “price withheld” sale on average is achieving a sale price that is 10% weaker than a reported sale price, the true property price index would have fallen by around 5% more than the reported fall (calculated assuming a 49% “price withheld” rate). + +It also shows very significant statistical evidence that the rate at which prices are withheld from sales is different within Sydney vs. outside of Sydney (p value = 0). “Price withheld” sales appear to occur at a far lower rate outside of Sydney. From the results I saw, it also appeared (anecdotally) as though the higher “price withheld” rate suburbs included more unit sales as opposed to houses. + +In statistics, basing conclusions from a sample of data that doesn’t represent the full picture is what is known as “sampling bias”. It’s pretty simple to understand; an example would be if the Government numbers for Australia’s average annual income were calculated from a survey conducted solely within Mosman, Point Piper and Kirribilli. Obviously, you couldn’t assume the sample is representative of all Australia. + +If it were to be true that “price withheld” sales have lower sale prices on average than reported sale prices, it would mean the market is seeming to be far rosier than it actually is in months when this rate climbs, since in those months, the index values are based only on the (assumed) stronger results (and prior months are closer to the true market state). So any growth trends are seemingly bullish, regardless of whether the market is flat or even declining. + +What’s even worse? [Real-estate.com.au](https://www.realestate.com.au/sold/in-dee+why,+nsw+2099/list-1?source=refinement) appear to have recently taken to suppressing the “price-withheld” sales from their search results, to conceal the extent to which this is taking place. The only way I could determine the extent to which “price withheld” sales are manipulating the current state of the market was by looking at individual auction results. + +A saying I like that summarises this problem perfectly is “you wouldn’t ask your barber if you need a haircut” (because he has a conflict of interest), however it seems in our property obsession, Australians have come to rely on asking agents how they think the market looks. The data above (very high withheld rates) seems to indicate that they can’t be trusted with this power. + +It is scary that the true state of the market is likely being hidden from potential buyers by a few highly motivated parties with questionable ethical standards, and even more depressing that the Government has done so little to regulate this poor behaviour. + +**Addendum — what will this mean moving forward for the index / market?** + +Some helpful users on reddit pointed me toward some information that implied that “price withheld” sales *are* included in the calculation of the CL Hedonic some months later when their prices are eventually disclosed to the Valuer General. What is not clear, and doesn’t appear to be disclosed by any Corelogic documentation is which date is used for these properties when they are interpreted to calculate the index; the date of the sale, or the date that the price was eventually disclosed to the Valuer General / Corelogic. + +The reason that is *very important* is because the calculation of the CL Hedonic uses a linear time weighting of prior sales when estimating how important the information of the sale was to our estimate of prices today (with more recent dates given a higher weighting than older dates). + +If it were to be that CL was using the sale date for “price withheld” sales, then these sales would never be an important data point in the calculation of the index (since by the time they are included, they are already ‘old’ sales, and hence are given low importance). Agents / shy vendors would therefore be able to manipulate the index & market sentiment by selectively only disclosing higher sale prices. + +If it were to be that CL was using the date at which the sale price arrives to the valuer general / CL as the date/age within their linear time weighting, we can expect the index to have the mother of all hangovers when these prices finally arrive into Corelogic’s data-set in 4 to 8 weeks and are given a high recency weighting when calculating the property index. + +All of this seems very unclear from their documentation online. Considering this is currently roughly half of the Sydney market today, this is certainly worth clarifying. +As someone with no kids, its ridiculous that employer is asking for 13 out of 20 annual leave days to be used duting end of year shutdown (19th Dec to 6th Jan). Everything is expensive and full as everyone is on holiday. + +Anyone had success negotiating? +As the title says, the market is at all-time high. I am expecting the market will go down in the near future. Keeping this in mind what are you guys doing? Are you continuing your SIPs or paused them at the moment? +When I was at university, my perception of happiness was based on graduating and quitting my "shitty" job at the local supermarket. + +When I started my corporate career, I found the FIRE movement, so that perception shifted to wanting to grow my bank account and retire early to work on my side hustle. + +When I did FIRE, I was so miserable, it almost broke my spirit. +------------------------------------------------------------ +First I want to extend a big thank you to this community. I have learned so much from here. There are some threads on here where I have read the replies so many times that I almost know them by heart ;) + +**I achieved my FI by** + +1.Having a high paid corporate job + I managed to climb up the corporate ladder in a relatively short time span not because I was so skilled at what I do, but because I have always worked on my social skills. (no that doesn't mean that I sold my ass lol) + +2.Investing +I started with a term deposit account then bought gold, then index funds, then individual stocks. The usual except that I also sold stock options which paid me handsomely. + +3.Always having a second source of income from a plethora of side hustles that I had started over the years. +- Dropshipping was the most consistent business I owned. +- Day trading bitcoin was the most profitable. + +4.Frugality: This is where my views diverge a little from the common dogma. I just chose not to waste my best years pinching pennies and not doing the things that I want (not necessarily need) to do. Not material things but more experiences. As an example, travelling has literally changed me as a human being and my net worth could have been a lot bigger without travelling every single year, but I believe that travelling when young is very different than when I have settled down and/or matured. + +**My Story** + +Early 2016, although my net worth by most calculators out there told me that I have to work for at least a few more years before I make these calculators happy, I decided that my safety net is large enough to retire and I am capable of making my side hustle at the very least cover my expenses. So I quit my job. + +The mornings feel so damn different when you are not a corporate slave. Everything seemed more enjoyable from getting coffee in the morning to taking random walks during the day. +I started to enjoy my interactions with others so much more. Maybe the facade of the corporate world had trivialised the small things for me. + +Leaving my corporate job was no excuse for being lazy. I was working 14 hour days on growing my e-com business. and it was definitely paying off. +I was either behind a computer screen, at the gym, or with my girlfriend. + +Around 3 weeks in, I started talking to walls as all my friends were at work during the day and I started feeling some loneliness. + +I found a job at a local gym. 3 nights a weeks. Working at a gym is something that I have always had on my bucket list. I loved it. It kept me sane. + +I started having what Financial Samurai calls an identity crisis. I was good at my job, financially stable. I consider myself a very confident individual. But I hadn’t realised that most of my sense of self worth was tied to my job. +Now that it was gone and everyone around me including my girlfriend were still at work. My self esteem started to suffer. + +The gym closed. Now my loneliness was exacerbated. Combine that with a fluttering self esteem. My relationship started to suffer. +I broke up with my girlfriend at the time, 4 months after quitting work. +I've had many break ups, but I still carry the deep scar of this one as it represented more than a breakup. It represented the collapse my identity that I had built over the years. Viktor Frankl's A man's search for meaning describes this perfectly. I lost my purpose. Now severe depression set in. I cannot describe to you how debilitating that was. I didn't want to do anything. I literally felt that there was an invisible door stopping me from leaving my room, let alone the house. Stopped answering calls let alone talking to other human beings. I didn't even know what day it was and I didn't care. I was prescribed antidepressants and Valium. I refused the antidepressants and on a whim,pushed by my siblings, decided to travel ,alone, for the first time in my life. + +A silent retreat in India. Bungee jumping in a dodgy place in Thailand. Learning meditation and yoga. Scuba diving. Catching up with childhood friends and family members across different countries. I started feeling better. So much better very quickly. + +Then I went to Bali. I wanted to live the "nomad" lifestyle, so I signed up at Hubud and the Dojo (2 renown coworking spaces in the digital nomad community) + +This was life changing. One the best experiences in my life. I felt a sense of belonging to a tribe of like minded people. I was so motivated to work because the energy around me was contagious. I closed my e-com store (too many negative emotions attached to it) and started leverage trading bitcoin (on Bitmex). I bought all kinda courses, joined paid groups, newsletters and it did pay off... I was averaging $200-$300 days which is incredible for a noob. +Imagine waking up, meeting up with friends for breakfast at the beach, going to the co-working space, making money, then having fun at night with your friends. +You know that picture marketers paint in our heads of some dude running a business from his laptop at the beach? That's real. + +Then comes the wake up call. I quickly noticed that people come and go. I would develop friendships (even a great relationship) then a few weeks later, my new found friends would go back home and I'd have to start from scratch. Then the novelty of working from the beach and not answering to a boss started to lose its meaning. Also, the visa run wasn't my favorite thing to do. + +At that crossroad, I had a call from a recruiter who had worked with me in the past, about a new alluring opportunity. + +My decision was based on this: I can always go back to FIRE but the longer I stay out of the workforce the harder it will be to find a job. + +So I went back to the corporate world. This is not the end of my story as I know that office work will never be a long term option for me. But I had to retreat and regroup for now…. + +I am as usual working on a side hustle - I am still trading options. + +**Lessons learned** + +*I didn’t realise this at the time, but for me now, the end goal of FI isn't necessarily early retirement...but a sense of freedom. I can quit whenever I want which makes work a lot less stressful. Hell, I enjoy my work a lot more now just knowing that. + +*Early retirement is still on the agenda, but I will not do it alone. I will make sure that I have a better support system (a business partner / a spouse on the same journey / a team). + +*Loneliness is a bitch. I know that there are many introverts like me amongst you, but social isolation can literally KILL you based on multiple studies like https://heart.bmj.com/content/102/13/1009 + +*When you shift your paradigm, be psychologically prepared to conquer your demons and centre your self identity. You are not your net worth. You are not your job. + +*I understand the gravity of mental diseases a lot more now and I have a massive amount of empathy towards people who suffer from them. + +*Oh, and I have zero regrets. If I were to do it all over again, I wouldn't change a thing. I am grateful for the opportunity to fail and learn from my mistakes. + +Thank you for reading! +UPDATE CAN BE FOUND HERE: [https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?](https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?) + + +Purchased a property at auction in Broward County, FL. It is a 3rd floor condo. I have been watching the property and talking to the neighbors. Nobody has seen anyone go in or out in months but they say the person that originally lived there never came out or opened the door for anyone. The person downstairs said they used to hear footsteps occasionally but haven't heard anything in a while. + +There was a business card from the courthouse that was put in the door frame indicating that the property was being auctioned and it must have been there for at least 4+ months going by the date of the foreclosure judgements. The door is such that you could not open the door and then put the card back from the inside. It could only be put back on from the outside. + +When you see the property at night there is a light on in the living room but all the neighbors say that they have never seen it off. + +I took title last week and am ready to drill out the lock. I'm like 98% sure that nobody lives there but what if the person has just never opened their door for the past 4-5 months and is living inside sustaining on hoarded cans of soup? + +If I drill the lock, open the door, and see them sitting there I have to follow the squatter and eviction laws of the county but do I just put a new lock on, hand him one of the keys, and let him know that I will be filing eviction proceedings? Has anybody else run into this issue? + +UPDATE!!!!: Well Ladies and Gents, I am still alive! At the end is a link to pictures so you can see the place. I went to the unit with another person and called the police. They said it was going to be 30 minutes for them to show up so I decided to move ahead. + +One knock.... No answer + +two knocks..... No answer + +I started to drill out the locks and thought I could hear a voice inside but it was really muffled. At this point, I'm thinking maybe someone will open the door wondering what the heck I'm doing but nothing. I just keep drilling. 4 drill bits break while I'm drilling. Maybe it's a sign. Say a quick prayer that this guy isn't standing on the other side of the door with a shotgun drawn for when I bust through. + +Getting closer and closer and finally the door pops open. I immediately see a whole bunch of trash all over the place, there is a light on in the kitchen, and the TV in the kitchen is on, but no person. I quickly look in the kitchen and around the areas getting enough light from the kitchen to see. No sign of anybody. Just trash. Lots of trash. + +I start moving like Solid Snake through the apartment thinking this guy is hiding in some big pile of trash or around a corner. Nothing in the kitchen other than a ton of trash, dirt, and a TV blaring the news. I head into the living room with my phone flash light on and drill in my other hand. I guess I was just going to attack him with the drill if he popped out. Seems like a really bad plan but I'm feisty. + +Flip the light switches and the chandelier turns on. More trash, furniture buried under mountains of old newspapers, Fedex delivery packages, and boxes of rubber gloves. Honestly, like boxes upon boxes of rubber gloves and rubber gloves all over the floor. Thank god he cared about touching dirty stuff. You have to draw the line somewhere. + +I know the layout of the units and there is a bedroom in the back and a bedroom in the front. I check the first bathroom in the front and it's destroyed. It didn't smell awful but I have no idea what was all over the floor. Cobwebs all over the place. It's the type of place where the bugs come in and take over but after enough time even they all die. How long has this place been empty? I look in the laundry room and there is a wall of trash bags but the space is cleared where the washer and dryer are. It's almost like a little kid built a fort. How he got in and out, I don't know but he made sure when he got in he could do his laundry. Time for the first bedroom. + +I go to open and the door is locked. I look and it's a full blown keyed lock to the bedroom. I'll have to drill it out too if I'm going to get in. If the voices I heard before weren't only from the TV, maybe this guy got up and barricaded himself in the room. Probably a rifle pointed at the door from the other side like Kevin McAlister. I decide that I'll search the rest of the place first and leave them inside the bedroom till I know it's cleared. + +Meanwhile, the whole time the person I brought with me is just standing there asking the walls how anyone could live like this. Obviously unconcerned about his safety, I debate just using him as meat shield but decide against it. + +I go to the back bedroom and jiggle the door handle. It's open. I flip the light switch but nothing turns on. The room is cluttered but not trashed at all. Almost like the room was off limits. There are some medical care things, walkers, bed pads. Must have been the room of someone that passed away and it was left exactly as they left it. Bathroom is connected and it needs some TLC but not nearly as bad as the other. Everything is clear. + +Now it's time for the bedroom showdown. I get ready to drill the lock out. Knock on the door and ask if anybody is in there. Say I am going to drill the lock out and don't want any trouble. If you're in there, just tell me. I start drilling. + +Another 4 drill bits break on this door. Damn Ryobi metal drill bits are as trash as this condo. + +Who would lock an inside door with a key lock when they're the only ones living there? Something doesn't seem right but none of this has seemed right from the beginning. Finally get the lock drilled but can't push the door open. Call my friend over to help me push and get the door about 6 inches open to see a bunch of filing boxes stacked in the way. Talk through the hole to ask if anyone is there. Lights are off. No answer. + +We finally push hard enough to move the whole stack of boxes and get the door open enough to slide in, suck my waist in as much as possible and close the door. Flip the light switch and lights come on. More boxes, not so much trash, but tons of files. The whole place has been searched and nobody was found. I'm confused about how the guy would have been able to push all the stuff against the door and then get out. Did he climb through his window and go back around? That's James Bond sh*t, nobody does that in real life. + +To deliver on content for all of you, I go through and take a bunch of pictures showing how bad of shape the place is in. My best guess as to what happened is that someone was living with there with their mom. Their mom passed away and it all went to hell. They kept her room as a shrine to her but almost never left the place. She had a bunch of cool things, maybe some are worth money and can be resold to help pay for all the reno work this unit will need. I bought well but I don't know if I bought THAT well. + +All in all it seems like it needs a hoarder cleaning service and then to assess the full damage. I already assume new windows, floor, kitchen, bathrooms, front door, and water heater. + +While I'm thinking of this list of stuff I realized one thing. I didn't check the closet in the second bedroom.... There was too much stuff in the way for me to get in.... He's probably back in the kitchen watching TV... Good god. + +TLDR: Drilled the door, found trash everywhere, light on in the kitchen and the TV on but no body and no living person. Forgot to check one of the closets. Going to haunt my dreams tonight. + +PHOTOS: [https://imgur.com/a/vvlYBjk](https://imgur.com/a/vvlYBjk) +I had 3 arduous interviews for a store management position in retail, and I GOT THE JOB! This was all on zoom over a week’s time. + +I was offered a $17k base raise (from what I currently make elsewhere), and a bonus potential. I’ll only work 40 hours a week. + +Minimum wage is $7.25 and I make $28.00 an hour now… + +My family (and my mental health) needed this so badly. Thank you for the good vibes! +I worked really hard to get my savings to $20k and now my car is kind of dying. There goes half of what I saved if I want to get anything half decent. I feel like this cycle is doomed to repeat itself too. How do you deal with this money trap? +Hi, I've recently turned 20 and I'm currently on 19.5k doing an accounting apprenticeship (started a couple of months ago). I have no idea how to adult, I was never taught how or where to pay council tax or any of the bills. I had strict curfews and wasn't allowed outside after school or anywhere, I had to stay at home at all times. I've very limited knowledge of the outside world. Anyways, sob story aside, my parents have been trying force me into an arrange marriage and I'm at the risk of honour based violence in the near future. I've been trying to build up a small emergency fund and then move out. I've been looking at house shares with all bills included like [this](https://m.spareroom.co.uk/flatshare/flatshare_detail.pl?featured=1&flatshare_id=16116549&search_id=1110104924&search_results=%2Fflatshare%2F%3Fsearch_id%3D1110104924%26) but they seem too good to be true. Is there some sort of catch with these house shares? +Would my current salary be enough for me to survive on my own with minimal expenses? +Also, this is more on the legal side but I want to go non-contact with my family and I'm afraid that they will follow me or come looking for me everywhere I go. I plan to change my name by deed poll, buy a new phone / sim card and maybe inform the authorities that I don't wish to be contacted by parents. I'm afraid that if they found me after I've run away the consequences for me would be dire. + +Aside from house shares, what other cheap accommodation options do I've? I guess worst comes to comes to worst, I can always run away to a women's shelter. +I work at a major tech company. About two weeks I put this Ethereum sticker on my laptop. + +[Ethereum Hodl Decal ](https://www.amazon.com/dp/B077BQ7F2G/ref=cm_sw_r_cp_api_upYfAb3XEWQ5N) + +I have been to about 60 meetings with a wide range of folks across a dozen teams: product, engineering, electronics, manufacturing. Not one has recognized the giant Ethereum logo on my machine. Many have asked what it is. Everyone says ‘oh yeah of course I know about cryptocurrency’ when I explain it. But none own any and none had any real idea what it was or how it works. + +These are some of the wealthiest, well-educated, techno-savvy people in the world. Collectively people like this like this control trillions of dollars of money. They don’t even know enough to FOMO yet. + +Today ETH is entering new territory, without any name recognition in the world or participation from the vast majority of the world’s wealthy. + +I am no ETH trader, I am an ETH hodler. From $6 to $6000. + + + + +Like the title says I just bought alibaba, it was in my watchlist for a while now and When it dipped 6% today I decided to pull the trigger on it. +I know their is a lot of fear on baba right now but I learned to be greedy when others are fearfull and fearfull when others are greedy. +I simply refuse to believe that the CCP is willing to destroy one of it’s most successful companies and the valuation + growth potential makes it a screaming buy. +It’s 1,6% of my portfolio. +This is no financial advise btw +US cpi came in at 7.5% last night yoy, higher than consensus, things looking pretty hawkish at the fed. + +Do you think Australia will see a jump in its relatively low inflation prints going forward? + +Why do you think the US is experiencing much higher inflation than Australia? Is it cpi basket differences between the two countries, or something else? Does the US lack cheap avocados to pull everything else down? (lol) + +Some questions for discussion, am interested in your thoughts on the comparison between the countries (or lack of) +My wife and I work in the same industry in Melbourne and earn good money with our combined incomes being ~$310k and we have a ~$850k mortgage. + +Our two children are in a good public primary school but the nearby public secondary schools have very low academic ratings. + +We are considering private schools for our kids from high school but the $35k/year each is a significant hurdle when looking at our budget and, with our incomes, we can’t figure out how people can actually afford to send kids to private schools? Looking at the costs, at $70k/year for two kids (after tax) the first ~$120k of one of our salaries would go purely to school fees before mortgage and cost of living is factored in. + +From people’s experience, are private school fees typically paid via: +- grandparent contributions/payment, +- using equity to increase mortgages by $300k-$400k which is held in an offset account and drawn down on each year, or +- budgeting in a manner that the parent’s incomes can accomodate the payment each year? +**THE POST IS NOW UP ON WSB! SHOW IT SOME LOVE THERE AND TRY TO REACH AS MANY PEOPLE AS POSSIBLE!;** [https://www.reddit.com/r/wallstreetbets/comments/lsvl8k/really\_long\_dd\_and\_analysis\_what\_happened/](https://www.reddit.com/r/wallstreetbets/comments/lsvl8k/really_long_dd_and_analysis_what_happened/) + +Good morning everyone! + +Firts of all: I made a prediction in my post yesterday. The prediction would've become reality, if Hedgies didn't overshort with fake shares (more about that in a second). Why do I tell you this? I literally received death threats and insults when the market ended. Just a heads up: Those are PREDICTIONS, they can be faulty at times, especially when Hedgies do such unexpected things, that no Data can predict (again, more about that in a second). So please, for the love of god, don't harass me, insult me, or send me death threats when something like that happens. I understand your frustration, but don't target me. + +Now the juicy stuff; **What exactly happened yesterday? Here is a timeline:** + +**9:35 AM:** The market opened and we had a huge drop off in price and a HUGE spike in volume. Hedgefunds shorted over 18,363,000 Shares (over the first 5 minutes. The amount of shorting was so aggressive, that trading got halted twice within the first minutes. + +https://preview.redd.it/qa324tff3tj61.png?width=1174&format=png&auto=webp&s=50964dc3be9795f0fcfcb3cc67825ea39a75484b + +**9:45 AM TO 1:50 PM**: Trading pretty much went in our favor the whole time, people kept buying in, we hit the daily high of $185 at around 1PM and went sideways for almost 1 hour after that + +https://preview.redd.it/vm47ibxf3tj61.png?width=622&format=png&auto=webp&s=26673c36448978a811390d4b0ab9da9123718aec + +**1:55PM**: Shit gets interesting. Really aggressive shorting for the second time that day brings the price down to $126. At that point in time, between 5,000,000 and 7,000,000 shares were shorted in the blink of an eye. What stood out for me at that point in time is, that the price kept going in the same direction after every short attack (between $100 and $125). That tells me, it was really important to get the price down in that direction. (more in a few seconds) + +https://preview.redd.it/hfol5ogg3tj61.png?width=525&format=png&auto=webp&s=a7821313bf8ce405a46d3d315e3b620b5a796251 + +**2PM TO 3:25PM**: People buying in again, driving the price up to $140 - $150. And Now shit gets juicy. + +https://preview.redd.it/y0zw19zg3tj61.png?width=1049&format=png&auto=webp&s=1eb5579187b1de59f8672aab5bb560f2b283740d + +**3:30PM TO 4:00PM**: The 3rd aggressive short attack begins and keeps on going for 30 minutes, until the market closes. 10,000,000 shares were shorted in this time span. + +https://preview.redd.it/i49eqpch3tj61.png?width=1177&format=png&auto=webp&s=793551de3006b377b9b2c6228653943031971a88 + +NOW THE ANALYSIS: + +**WHERE DID THEY GET SO MANY SHARES TO SHORT GME AND WHY WAS IT NOT PREDICTABLE?** + +So, how could no one forsee this? It's simple: Hedgefunds didn't borrow shares to short, they created them out of thin air. When the market opened yesterday, ALL available $GME Shares to borrow, were gone already (see my second edit from yesterday: **EDIT2 (10AM): 0 SHORTS AVAILABLE FOR $GME RIGHT NOW. THEY BORROWED OVER 2,100,000 SHARES TO SHORT FOR YESTERDAY AND TODAY**! ([https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme); [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)) What does this mean? Well, no one can predict or analyse how deep they are digging their grave right now, because they are not using real shares to short GME. They can just keep doing it in order to hold the price down artificially. + +**WHAT HAPPENS WHEN WE ADD UP TO SHORTS AND PRICE DIPS MENTIONED ABOVE?** + +Now it just gets stupidly funny and obvious. If we add up the three big short attacks (18,363,000 right at opening, 5,000,000 to 7,000,000 at noon and about 10,000,000 right before close), we get 33,363,000 shares sold short over the day. Why is this funny and obvious? Check the latest FINRA report. It states that yesterday more than 33,000,000 were sold short. That's almost exactly the number that we get when we add up the volume of the dips. + +https://preview.redd.it/s9kjbn1i3tj61.png?width=453&format=png&auto=webp&s=5e323e450938ced7be8d685ab0f1b57fce066652 + +**WHY DID THEY SHORT GME SO AGGRESSIVELY WITH FAKE SHARES?** + +Because bears are fuk. See, when GME would've closed in between $115 and $150, over 44.000 Call options would've become ITM. If exercised, that would've driven up the price AH/PRE or today in the high hundreds, maybe even thousands. Why is that so bad? The higher the price gets, the more calls get exercised (so called options chain), the more people jump in because of FOMO and we get closer to the magical $800 mark, where the MOASS would become inevitable this or next week. + +https://preview.redd.it/o02we9gi3tj61.png?width=700&format=png&auto=webp&s=1ca98186104cf7c67d266dff157e6b80e98f2260 + +&#x200B; + +**WHAT CAN WE LEARN FROM THIS LOOKING FORWARD?** + +Hedgies don't give a single fuck anymore. Even when all the data available states, that there are no more shorts available to borrow for GME, we found all of their ETFs where they hid their shorts, they keep shorting it to try and stop the MOASS. You know what they say: There is nothing more dangerous than an animal that's trapped in a corner and's got nothing to lose anymore. That's what we're seeing right now. No one can give accurate predictions anymore, that is based on data. This has evolved into a game of poor greed and emotions. They don't care about the long term results of their illegal actions, they just want to save their asses for some more weeks or even just days. + +IN SHORT: BE PREPARED FOR EVERYTHING, DON'T BE SCARED OF DIPS, THEY ARE MORE THAN LIKELY CREATED ARTIFICIALLY BY HIGHLY ILLEGAL SHORTING WITH FAKED SHARES! + +&#x200B; + +**TL;DR:** Hedgies are so fucked, that they just shorted GME with more than 33,000,000 non-existent shares yesterday, keeping the price down in order to stop the Gamma Squeeze from happening. The price would've jumped up to a few hundred, maybe even thousand dollars today if they didn't do it, which would've started the real squeeze today. They have nothing to lose anymore, so be prepared for more highly illegal action and don't get scared by fake dips! + +**IN SHORT: I LIKE THE STOCK 💎🙌** + +**EDIT(1PM EUROPEAN TIME**): According to this site ([http://shortvolumes.com/?t=GME](http://shortvolumes.com/?t=GME)), the short sale volume was 61 % percent yesterday, with a **short sale volume of 50,959,384. That doesn't mean that Hedgies opened 51 Million new short positions. I am being really conservative and sticking to the 33,000,000. If it's more than that, even better!** + +https://preview.redd.it/adnmeimhctj61.png?width=830&format=png&auto=webp&s=2ad75127d1ac1cd480fb89b26e5584b16f17b3f6 + +&#x200B; + +**EDIT2: TO ALL THE PEOPLE WANTING UNDERSTAND NAKED SHORTING / COUNTERFEITING STOCKS, HERE IS A GREAT READ:** [http://counterfeitingstock.com/CounterfeitingStock.html#:\~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit](http://counterfeitingstock.com/CounterfeitingStock.html#:~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit). + +Quote: " **Naked Short** — This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit. This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules. The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation – the lynchpin of this massive fraud. + +Returning to our example, everything is the same except the part about borrowing the share from someone else's account: There is no borrowed share — instead a new one is created by either the broker dealer or the DTC. Without a borrowed share behind the short sale, a naked short is really a counterfeit share." + +&#x200B; + +**EDIT3(9:30AM): THE FEE TO BORROW GME SHARES WENT UP BY 12 % OVER NIGHT AND IS THEREFORE IN THE DOUBLE DIGITS FOR THE FIRST TIME SINCE 4 WEEKS! (**[**https://iborrowdesk.com/report/GME**](https://iborrowdesk.com/report/GME)**)** + +&#x200B; + +**EDIT4: How do I know that it was Hedgies and not Retail selling their shares? It is possible, that some retail traders sold, but if you take a look at the Short volume (61 % yesterday with 51,000,000 shares being sold short) and then take a look at the overall sell volume, it doesn't add up. If there was a huge retail sell off and the additional 61 % short volume, the price drop would've been much much bigger. Most retail held through, therefore they had to aggressively keep shorting, because no one was selling.** + +&#x200B; + +EDIT5: I am preparing my next DD right now and HOLY SHIT. Yesterdays actions fit right into the pieces and I can give a date for the Squeeze to take place (ALMOST certain, but I don't want to make false promises, so please take it with a grain of salt!), because lots of different pieces fit together for that exact date. If I am able to finish it today, I'll link it here as well! This actually feels like a conspiracy theory, because everything happening right now points to that specific date making it feel too easy to be true. + +&#x200B; + +**Another edit to blueball you guys even more**: The crazy last-minute drive up of the price 2 days ago and the drop off yesterday and today were foreseeable in hindsight. Again connecting to that specific date. But that's just a theory, a Game(stop) theory! Just makes this whole shit crazier than it already is. + +&#x200B; + +UPDATE: I HAVE ALL THE DATA. YOU CAN'T MAKE UP HOW CRAZY THIS SHIT IS. LOOKING FORWARD TO THE MOVIE! **THE ENDGAME DD IS BEING RELEASED TOMORROW @ 3PM EST / 9PM CET.** + +&#x200B; + +I keep trying to look for more Data and update this post! If I made some mistakes or missed something, feel free to tell me so I can keep you all up to date! +💥 BOOM GOES THE DYNAMITE!!!!! Just hang on. Don't quit now. We got this. + +1. Indexes and assets dropping for hedgies rapidly. +2. As assets drop, marge is knocking, and they are attacking GME with all they've got--they are being hit on both sides as it were. +3. More shills attacking than ever. +4. Tomorrow is TUESDAY. +5. My butt itches, does yours? + +Buy, Hodl, Buckle up, and DRS. THIS IS THE WAY! +Ok, my mind is blown right now but I had an epiphany on what may the biggest reason why they don’t want us to win. + +Every single time world changing technology comes out, retail for the most part completely misses the boat. + +How many times have you yourself or someone you know said “man I wish it would have known about X early and struck it rich.” + +We have talked about how this is that investment, completely agree, but what does that really mean. + +Retail is in the drivers seat of world changing tech for the first time. For the first time we got in before the big players, the people that control the narrative, and the people who continue to get richer and richer and the expense of us all. + +Hell we got in before our own government made in substantial moves. The implications of retail shareholders owning the majority of the first company to release this tech must absolutely terrify them all. For the first time the first to market company cannot be controlled or taken over or manipulated without us all knowing, and even better having a say in the direction of that company. + +This wombo mombo combo (MOASS, business booming, retail at the table) has implications that could quite possibly dictate the direction that the world goes. + +I can’t wait to drive this crazy train to a better tommorow with all you fucks. Hodl the line, the future is at stake. +Edit: not had any issues with the tenant since our lease started last year. + +&#x200B; + +As stated in the title I am currently looking for a a 3 bedroom unit for my tenant. Our lease is month-to-month so them leaving won't be an issue. I have searched online through various websites to get in touch with owners and such but no luck outside of one who confirmed that his unit was not available for rent or anything. I am currently searching on Zillow and likely will do the same on [realtor.com](https://realtor.com) but until I hear from someone does anyone have any suggestions as for getting in contact with the owners or actually finding a 3 bedroom unit so that I can speak to them about my tenant and their background. I'm sure it's a fairly simple process but so far I have not heard from anyone in response to my requests. I attempted to contact about two units on [Trulia.com](https://Trulia.com) but have not heard from anyone yet. + +&#x200B; + +The tenants are living in a condo currently but are having a 3rd child soon so I mostly focusing on homes and condos rather than apartments. However I am open to all suggestions for them as the background will be a key factor in them finding a place to live. If there is any importation I left out that I need to add or can answer through comments please let me know +The 3.1% dividend is very safe (and fairly high for MMM by historical standards) + +P/E is under 20 + +Current ratio is 1.7 (lots of cash on hand if/when there is a market downturn) + +Major segments are safety/industrial (stable market), transportation/electronics (growing market), health care (growing market) and consumer (stable market).....so well diversified, room for long term low single digit growth, meaning the dividend can and will grow long term. + +I wouldn't pound the table to go all-in today....but if you want to own 20 shares of MMM, I'd consider buying 5 today and see if you can continue to buy in blocks of 5 again at $180, again at $170 and go all-in at $160 (assuming that it probably won't drop that low but you're lucky if it does) +Hello, after recent news I'm having doubts about still using robinhood as my main way of holding stocks. Which other free commission app are you guys using? And is it worth switching over? +I don't want to make it sound like I'm whining or complaining here, because I'm not. Instead, this is just sort of an observation I made recently about my emotions. + +I used to get incredibly excited when I hit new earnings milestones. I distinctly remember the exhilaration the first day that my business made $100 in 1 day. Every milestone since has been a source of pride and has typically resulted in celebrating. + +However, I'm finding that I'm getting less and less excited about earning money. + +Last month I had my highest earning month ever - approximately $240,000 profit in August alone. The previous month was another record at about $200k. When I hit this new personal best, I expected more excitement, but instead it felt like just another paycheck. + +Maybe I'm feeling distance from the money because I'm just stuck at home all day quarantining, so I can't experience the joys that that kind of cash can get me. Maybe it's unexciting because I just dump all of my earnings into the stock market every month. Or maybe I've just gotten used to seeing big numbers? + +I'm wondering if any high earners have experienced similar feelings, and if these feelings affected your drive to earn. + +I am lucky in that this new feeling isn't really affecting my drive (yet, anyway) because I've always been driven for my love of the job. I would've happily done this job at 50k/yr, so my earnings have been an unexpected bonus. +Business Insider reported today that a Goldman Sachs exec estimates the company spends $400 million on financial data. [Link](http://www.businessinsider.com/goldman-sachs-estimate-shows-financial-data-goldmine-2018-5?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=FinanceDaily&utm_campaign=Post%20Blast%20%28clusterstock%29:%20What%20you%20need%20to%20know%20on%20Wall%20Street%20today&utm_term=Finance%20Insider%20-%20Engaged%2C%20Active%2C%20Passive%2C%20Disengaged). My question: What in the world are they buying? + 🚀 MOONPIRATE 🚀 + +&#x200B; + +**AHOY ME MATIES, SHIVER ME TIMBERS, WE'RE ON OUR WAY TO FIND SOME BOOTY IN THESE HERE UNCHARTED ISLES! YAAARRRRRRRRR** + +The community is the best I've seen since SafeMoon! Please join the telegram and get stuck in with the pirate banter before even investing. We're not kidding, many of us talk like pirates, it's quite fun! + +**TL;DR: 4000 grown men (and like 2 ladies) pretending to be pirates searching for booty and making doubloons while their kids are asleep. Don't walk the plank ya filthy scallywags.** + + +We also got a shoutout by the man himself, CAPTAIN JACK SPARROW! + +[https://twitter.com/MoonpirateBSC/status/1383865513189675020](https://twitter.com/MoonpirateBSC/status/1383865513189675020) + +&#x200B; + +**Discord:** [**https://discord.gg/pGGJtHzq**](https://discord.gg/pGGJtHzq) + +**Telegram:** [**https://t.me/MoonPirate**](https://t.me/MoonPirate) + +\----------------------------------------------------------------------- + +🚀 MOONPIRATE 🚀 + +💰 Holders: 5000 and growing! + +✅ TOKEN ADDRESS: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +💰 How to buy video: [https://www.youtube.com/watch?v=7f9eHmJy86s&ab\_channel=DeFiDom](https://www.youtube.com/watch?v=7f9eHmJy86s&ab_channel=DeFiDom) 🚸 + +💵 Purchase on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +&#x200B; + +Tokenomics: + +🔥 100% LP tokens burned. 60% of all supply burned. + +♻️ 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔥 0.8% GETS BURNED FOREVER + +&#x200B; + +👌🏻 Ownership Renounced 👌🏻 + +[https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d](https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d) + +🔥 LP Burned 🔥 + +[https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18](https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18) + +✅ Audited ✅ + +[https://safefairmoon.com/audits/MoonPirate-Audit-Report.pdf](https://safefairmoon.com/audits/MoonPirate-Audit-Report.pdf) + +&#x200B; + +📲 Links 📲 + +BSCScan: [https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +Website: [https://www.moonpirate.finance](https://www.moonpirate.finance/) + +Twitter :[https://twitter.com/moonpiratebsc](https://twitter.com/moonpiratebsc) + +Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +Pricebot: [https://t.me/moonpirate\_pricebot](https://t.me/moonpirate_pricebot) + +Youtube: [https://www.youtube.com/watch?v=CJw866zV-eU](https://www.youtube.com/watch?v=CJw866zV-eU) + +📈Charts 📈 + +[https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66](https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66) + +[https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +🚗 Roadmap 🚗 + +✅ AUDITED! + +✅ TRENDING ON REDDIT + +✅ FAIR LAUNCH WITH BUY LIMIT + +✅ LP TOKENS BURNED + +✅ 60% INITIAL TOKEN BURN + +✅ PRICEBOT + +✅ WEBSITE AND TWITTER LAUNCH + +✅ COINGECKO APPLICATION + +✅ MOBILE FRIENDLY WEBSITE + +✅ CONTACTED RUM DISTILLERIES + +🟢 MERCH STORE (IN PROGRESS) + +🟢 EXPLORING AUDIT OPTIONS (IN PROGRESS) + +🟢 DISTILLERIES PROJECT PHASE 2 (IN PROGRESS) + +🟢 BSC SCAN MC AND LOGO UPDATES PENDING (IN PROGRESS) + +🟢 MARKETING CAMPAIGNS (IN PROGRESS) + +🟢 WEBSITE UPDATES (IN PROGRESS) + +🟢 WHITE PAPER (IN PROGRESS) + +&#x200B; + +🟡 NFT STAKING AND MINING (PLANNED) + +🟡 INTERNATION RUM DROPSHIPPING! (PLANNED) + +🟡 MORE TO COME! +I've seen lots of references here to umbrella insurance as a recommended tool in the FatFIRE toolbox. [It sounds goods](https://en.wikipedia.org/wiki/Umbrella_insurance) but I'd like to hear about some specific claims where umbrella insurance was really useful. + +If you've made a claim against your umbrella insurance (or heard of someone making a claim), I'd love to hear about it! +I am submitting this post to promote discussion about what I believe to be potential dangers associated with the pursuit of FIRE and to highlight the importance of, *throughout your life*, attending to the qualitative factors that I believe are essential to a successful retirement. My goal is to encourage those of you on the road to FIRE to take whatever steps you deem necessary to avoid these potential pitfalls. + + I believe that, for some, FIRE becomes some sort of amorphous goal that provides both a degree of hope, *as well as an excuse to avoid working on the aspects of life that really matter*: social connections, meaningful goals, physical and mental health. This is especially true for people who, while highly intelligent and well educated, are relatively less adept at enhancing and developing the qualitative aspects of life. + +Some of you may remember me from my previous posts. Recently I have started to think more about what accounts for post FIRE happiness, meaning, fulfillment and health. I believe that, just as it is important to devote X percent of your salary to an IRA throughout your life, it is equally important to devote X percent of your time to physical and mental health, maintaining or rekindling old friendships and cultivating new ones. Failure to do so puts one at risk for an unfulfilling and unhealthy retirement. + +It's as if some FIRE aspirants are saying to themselves: “Yeah, I’m in poor physical health, depressed and socially isolated and I hate my job. But that’s ok, because, one day……”. But then that day comes; you are FI, but with nothing with which to fill the void. I have seen this before. Retirement is often accompanied by a huge let down. Some become depressed and drink. Some stay at home all day, every day leading to friction with their SO. Some blow vast amounts of money on baubles in *a vain attempt to find some sort of justification for the decades they had sacrificed to get to this point.* + +I am eternally thankful to my parents who were wise enough to facilitate and support my nascent hobbies and passions. Because of them I had endless things to motivate me when I stopped working. I am equally aware that my natural tendency to reach out to old friends, work colleagues etc. meant that I had a deep and wide pool of social support when I need it. Nevertheless, I have struggled with periods of loneliness since I stopped working ~8 years ago, long before I had ever heard of FIRE. My new girlfriend has both added tremendously to my life and strengthened my understanding of the vital importance of close interpersonal relationships. + +There are lots of young, highly educated people who are generally dissatisfied with the ‘rewards’ of their sacrifices. They are exhausted by meaningless work, narcissistic supervisors, back stabbing colleagues and no identifiable path to a better work life. They are left to ask” “Why the f**k did I sacrifice so much? For this?” + +I suspect that, to varying degrees, most of the people who are aspiring to FIRE are life long hard workers who have, throughout life, been rewarded for delaying gratification and have received accolades for their performance. + +Unfortunately, this focus on career progress can lead to a self-reinforcing dynamic if you devote so much of your time and resources to work that you never develop hobbies, you become socially isolated and your physical/mental health declines. + +I imagine that for more than one reader of this subreddit, your first three decades go something like this: You buckled down in school and got yourself into a solid university. You moved to one city for undergrad, then a different city for your first job…by the time you are 30 you are likely to be living in a city to which you have few ties, far from home, old friends and family and with little in your life other than work. Eventually, you become dissatisfied with this life. If only…..FIRE! You begin to fantasize about the day when things will be *‘different’*, and you work ever harder so as to hasten the arrival of FI/RE. This can lead to a dangerous and self reinforcing cycle in which the unrelenting pursuit of FIRE comes with further neglect of the qualitative factors that are playing a significant role in life dissatisfaction. + +FIRE is not a panacea that will address all of the root causes of your dissatisfaction. That is a much more complex process. Meaning in life, like financial independence, can be compared to tending an orchard. In both cases is imperative that you nurture your seedlings/trees regularly, over the course of decades and long before you plan to eat the fruit. If you wait until you are hungry, you are in trouble. I know that this is easier said than done, but just as it is important to begin saving and investing early and well before your planned FIRE date, it is equally important to maintain health, social connections and meaningful, non career activities while you are working towards FI. + + +**TL;DR** +The quantitative aspects of FIRE are arguably less important to a successful retirement than the various, and often neglected, qualitative factors. I believe that many FIRE aspirants are so motivated to attain financial independence that they don’t consider the potential negative consequences of pursuing the quantitative aspects of FIRE (e.g., savings rate, CAGR, etc.) *at the expense* of what are potentially more important qualitative factors (i.e. relationships, health, etc). +I was called by a recruiter for a company I applied to on their own website. + +The position was for purchasing and the HR lady told me the salary range was between 55-70k a year. (I made the mistake of putting my requirements on the application, but she told me I was def within range) + +I ended up getting and interview which went well, and pay was not discussed. I was called in for a second interview by the branch manager who eventually brought up salary and told me that 49K a year was the best he could do. + +my response to him was thanking him for the opportunity, and I was glad to see they thought I was a good fit, however my previous employment had afforded my 55k a year salary (with 10 employees) and that my hope would be a company of his size (900 employees) could afford to be more competitive in their pay. + +His response was "theres a lot of room for growth, I can get you up to 55-60k but not right away, right now the best I can do is 49K" + +So I asked him if i could consider the offer over the weekend, and he agreed. I have to respond monday. + +My question is this, should or can I contact the HR department and verify that the position range was what she told me over the phone or am I forced to just accept what she said as hearsay and take the managers word for it that that really is the best he can do, even if I'm disappointed in the initial offer? + +What are my best options? + +EDIT: Wow this absolutely blew up. It'll take me a minute to sift through all the responses, but I appreciate the advice and time y'all took to respond. Thanks! +In a weird way, isn't it great for a little market dip to happen when you're in your mid 20's? Personally, I'm loving the extra shares my 15% 401K contribution is purchasing. Also DCA'ing $SPY every month in my brokerage account. I know times are rough now and there's future uncertainty, but head down and keep on moving. Eye on the prize! +Just wanted to preface this post by saying I do own all of the stocks mentioned in this post (except for Amgen, for full transparency. + +If anyone is having trouble finding new stocks to get into, I thought it would be a good idea to list some companies who pay out a stable dividend and have recently increased it by a relatively large amount. Dividend yield is only a part of the benefit of dividend investing; consistent dividend *growth* can be an underrated boon as well, imo. Anyway, here are some suggestions, specifically stocks that have increased their dividend over 10% in the past 6 months. If anyone knows of other large increases, please feel free to share them in the comments. Metrics are pulled from Fidelity. + +&#x200B; + +|Ticker|Yield|1 yr. Growth|5 yr. Growth|Payout Ratio (TTM)| +|:-|:-|:-|:-|:-| +|AFL|2.58%|17.86%|9.99%|19.79%| +|HD|2.28%|10.00%|19.05%|55.28%| +|TROW|2.51%|20.00%|14.87%|43.29%| +|TXN|2.32%|13.33%|21.83%|68.34%| +|ABBV|5.03%|10.17%|17.93%|191.18%| +|AMGN|2.86%|10.00%|11.97%|57.19%| +|GD|2.68%|16.67%|11.52%|43.27%| + +I included the Payout Ratio because I particularly like when stocks have a payout ratio of 40-60% (shoutout to [dividenddiplomats.com](https://dividenddiplomats.com)). This is a nice sweet spot, because a ratio closer to 100% means the company is using the vast majority of their earnings to pay the dividend, while a low payout ratio may be too low for the retail investor's tastes. Of course you can make exceptions to this, like for Apple and Microsoft, I do as well. + +Happy investing! +I’m currently down about 7% since when I started. I have VXUS, VOO, VT, VTI, and VNQ. I thought these were solid long term holds for a Roth IRA but the early loses are making me hesitant to put more in. +So I’m 23 and have been reading this sub a lot. I’m very interested in investing, despite having only basic knowledge of how to do so. I’m a long-term investor who is trying to retire early, not make a quick profit. But after reading hundreds of posts here, it got me wondering - how the hell do normal people retire? I’m on a subreddit where everyone is knowledgeable about how to reach early retirement. Even then, it seems with most peoples plans, they’ll retire around 60. If that is with extreme budgeting and great investing strategies, how the hell will some normal dude with no investment knowledge make it? + +By the looks of it, you need a good chunk of money saved to retire (depending on where you live this “chunk” varies). So what happens when the average dude checks his savings account as 65 and sees he only has $125k saved? Will people be working until they die in this generation? It sure seems like most people won’t be able to retire if this is the kind of stuff it takes to retire. + +Either way, glad I’m starting now. I’d love to retire early, or hell, even just at 65. + +Edit: one question. When you guys plan on retiring, are you going to pull money from investments or are you going to live off of dividends? What would you do if you’re living off investments and something like this happened where a recession occurred? Your retirement funds could be dropped in half for 10+ years +I’m new to investing so the only broker I know or got is Robinhood. What brokers do you guys use and why is it better or worse than Robinhood? What would you recommend for a newbie like me and for someone that begins to gain experience? + +edit: wow thanks everyone! i didn't expect so many responses! very helpful! +And it is not just any AMC - but a giant like Invesco. In Apr 24, the S&P index changed. Invesco forgot to rebalance its equal weight index that tracks the index. It did this on Apr 29 and had to compensate investors for the error - about 100M USD. I would have loved to be in the room when the fund manager has to explain this error! + +[https://www.barrons.com/articles/oops-invesco-forgot-to-rebalance-an-index-fund-its-repaying-investors-105-million-51588956631](https://www.barrons.com/articles/oops-invesco-forgot-to-rebalance-an-index-fund-its-repaying-investors-105-million-51588956631) +**the problem:** +All investors should use discounted cash flow calculations to influence their investment decisions. But only a tiny minority actually do. + +I think that's because the calculation is almost exclusively done on complicated and time-consuming spreadsheets. + +**the solution:** +I am currently developing a completely free app - genuinely 100% free - that will enable new and experienced investors to calculate DCF with as few as 4 numbers, and save results to a watchlist. + +(4 numbers possible because around 600 companies’ financial data is saved to the app. For companies whose financial data is not saved, only 2 extra numbers are needed - latest FreeCashFlow and shares outstanding). + +After the first calculation, users will only need 2 numbers for every new calculation as their required rate of return and terminal growth rate numbers are saved. + +The app will also include a video that explains what the calculation actually is, and how to perform it by using the app. + +This will make DCF much more accessible to new retail investors, but also give more experienced investors (who frequently use the calculation) a much more efficient way of doing it. + +**My question:** +Would you be interested in downloading this app? +intermediate at reading financial staements have done one or two dcfs + + + +1. where on a 10k is there YoY growth/numbers to look at? lets just use tesla + + +2. whart sort of financial satemetns should i look for from a ccompany like tesla that are NOT accounting statements? +I know alot of us don't just have 50 laying around but if you do and food is putting holes in your pockets hear me out. Rice is incredibly cheap and much better than the ho-cakes I used to make to get by. A great and very cheap recipe for your new rice cooker is -white rice, hotdogs, eggs and frozen vegetables. You can get these things for under 10 dollars and even splurge on them for well under 20. You will be eating for days. While the rice is cooking make 4 hotdogs (I have an air fryer- optional), scramble 3 eggs and most rice cookers can steam the frozen veggies. Mix it all up and you have satisfying meals to get you by. Another great and cheap use I have found is buy a container of yellow rice for 4 or 5 bucks and a rotisserie chicken from Walmart for $7. Get a dollar bottle of cheap hot sauce and you are eating good. Good luck. + +Edits: +- cooking in a pot is even cheaper but you have to be both very good at cooking rice and be attentive, a rice cooker let's you game or go outside while making perfect rice and they do much more than rice as I'm finding out. + +-A multi cooker seems to do rice as well, probably buy this instead + +-good rice cookers can be found online or thrift stores for $30 or less +I was reading about the Ford company Sociological Program. https://www.motorious.com/articles/features-3/henry-fords-bizarre-social-program/ + +Under the program workers were paid a base rate of $2.34/day under the standard capitalist value of productivity. + +The Sociological Program added bonuses according two more qualifications. + +If you were married and/or had children/dependents you got paid more. I may be totally off base here but by what I am looking for I would class this as Marxist, "to each according to his need." + +The third qualification was based on Ford's social values, morality and patriotism. + +What would you call an economic system that pays according to your social values/righteousness? + +Edit: the way this sub is moderated really slows down the process. I can see part of your answers in my email but not all of it. I've been reading more today and I'm leaning towards calling it some kind of paternalism. Does that sound accurate? "I pay you to be good and make good choices" +Have nearly 200 hours of leave after working 30 hours a week for the past 2 years on my 10 hour minimum contract. Now when I want to use up my leave for an extended period he wants to make me full-time JUST so I'm not gone for long. + +That means I can at most be gone for 5 weeks instead of 20 weeks. + +Is this common? To me this is total BS + +Edit: Thought I'd ass some info. + +I'm 23 and I Work at coles. + +I have wanted to use my leave for months but have simply not been able to because we have been short-staffed for MONTHS in our dept. (At coles??) And now when I can finally take time off I'm told I have to use it all... basically. + +I don't want to take 20 weeks off in a row. I was just stating the total time I had accrued. I'd like to use like 8 weeks. This isn't unreasonable. People from other departments have been gone for 6-10 weeks. + +I would switch back to my old contract after I come back. + +I have only taken 2 whole weeks off in the entire time I have worked in 2 years... + +I believe it's unfair because after 2 years of balls to the wall work at being one of if not the best in my department, I'd only get 5 weeks off. This would only benefit my manager who is always complaining about having no one to help out. And yet we haven't hired someone in like a year. +Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate +was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. +The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. +In February, most of the job gains occurred in leisure and hospitality, with smaller +gains in temporary help services, health care and social assistance, retail trade, and +manufacturing. Employment declined in state and local government education, construction, +and mining. + +More [here](https://www.bls.gov/news.release/empsit.nr0.htm). +# Intro: + +Many of us Apes have been hearing about Reverse Repos and the liquidity crisis as of late, but some may not understand what that means or looks like, and I'm going to explain it & show the relevant data as simply and clearly as possible so that even a brain as smooth as a watermelon could form a wrinkle or two. Technical explanations/suit jargon are simplified by the emojis 🍌🦍 + +No TLDR but if you read the text by the emojis 🍌🦍 you can learn a lot! + +# Reverse Repo Usage & the Imminent Liquidity Crisis + +**The daily aggregate of reverse repo transactions is signaling a MAJOR & IMMINENT liquidity crisis. It is only a matter of time before the Fed has to taper the money supply or else risk long-term substantial inflation.** + +[Reverse Repo Usage in Billions USD. IT'S ALREADY OUTDATED!](https://preview.redd.it/ghbe1lcd1d071.jpg?width=500&format=pjpg&auto=webp&s=ba88d163d87facfcd0bf4914e0b08bfa0dca72ff) + +# I like the lines and colors but what does this mean? 🍌🦍 + +* **Overnight Reverse Repurchase Agreements:** short-term (often overnight timeline) purchase of securities with the agreement to sell them back, usually at a higher price.🍌🦍 **The fed is buying back corporate & US treasury bonds in accordance with Quantitative Easing to reduce the supply of money.** +* **Quantitative Easing:** what the fed likes to call money-printing. the increase in Reverse Repos is signaling a corresponding increase in Quantitative Easing. +* **Tapering:** starting to turn off the money printer + +# What's a liquidity crisis? + +* **Liquidity is determined by how quickly a business can convert its assets into cash** +* 🍌🦍A lack of liquidity can occur when a market has very few buyers or sellers or both. +* One of the biggest sources of liquidity in the US markets comes from repos & reverse repo agreements. The repo market exists for short-term (often overnight) transactions + * Repo = the buyer purchases some securities **🍌 for a short-term period** + * **Reverse Repo = the buyer agrees to sell those securities** **🍌back at a slightly higher price** +* 🍌🦍A liquidity crisis can happen when all of the banks decide to lend all of their bananas out because they make a fortune collecting fees. What happens when the market goes red? No one can pay each other back because banks & hedgefunds leveraged themselves to the tits and rehypothecated all of their bananas into synthetic banana ice cream, and they lent all of that out too. When they run out of bananas, they run out of liquidity. The music stops. +* **If institutions lack the liquidity to perform their daily operations they MUST sell off assets and securities to survive (avoid failing a margin call). If enough institutions lack liquidity all at once, this can trigger market-wide sell-offs.** + +# What does a liquidity crisis look like? 🍌🦍 + +It looks like this: + +**Daily Aggregate Reverse Repo Usage (Collateral Type: Treasury)** + +5/5/21 - 162.800 Billion + +5/6/21 - 154.921 Billion + +5/7/21 - 161.856 Billion + +5/10/21 - 175.548 Billion + +5/11/21 - 181.753 Billion + +5/12/21 - 209.257 Billion + +5/13/21 - 235.217 Billion + +5/14/21 - 241.185 Billion + +5/17/21 - 208.960 Billion + +5/18/21 - 243.470 Billion + +5/19/21 - 293.998 Billion + +**5/20/21 - 351.121 Billion** **🍌HOLY SHIT THAT'S A LOT OF BANANAS!!!!!** + +# TODAY we surpassed the highest amount of Reverse Repo Purchases on the March 2020 Crash at $285 Billion by over $65 billion! + +🍌Is this sustainable? Fuck no. It's either tapering (printer doesn't Brrrrr anymore) or the USD will eventually become 1:1 with the Venezuelan Bolivar. + +🧠🧠🧠Zoltan Pozsar (Managing Director at Credit Suisse): "The \[Reverse Repo Purchase\] cap is a key piece of our warehousing puzzle: the $1 trillion of reserves we’re trying to find a warehouse for are currently warehoused by the Treasury; **U.S. banks can’t add another $1 trillion to their warehouses, and money funds can’t warehouse $1 trillion unless the Fed decides to uncap the Reverse Repo Purchase facility**. Unless the Reverse Repo Purchase facility gets uncapped, bill and repo rates can trade negative and **money funds may turn away inflows, as they won’t invest at negative rates."** + +🍌🦍 What mean? The fed has trapped themselves & banks in a corner after producing too much cash through Quantitative Easing. High Reverse Repo Purchase usage mid-quarter (spikes at end of quarter are typical) signals that **the banks simply don't have the balance sheets to accept the excess reserves. They are forced to park the reserves right back with the Fed using the Overnight Reverse Repo Purchase**. This can have disastrous consequences if Quantitative Easing (printing) continues at its current trajectory. + +🍌🦍🍌🦍🍌🦍Even simpler: **Repo rates go negative because collateral is in high borrowing demand (Fed buying back through the Quantitative Easing program decreases supply). There is a banana shortage caused by printing. In order to balance the effects of printing, new bananas end up recycled right back into the overnight reverse repos** and as the toxic cycle continues, more bananas are produced in the Reverse Repo Purchases, bought and paid for by Quantitative Easing brrrr. See the problem? + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍 + +Currently the liquidity in the US stock market is entirely artificial because the fed won't stop brrrrr because **the slightest bit of federal tapering could shut down the entire game. it's either no more bananas for anyone, or so many bananas that the value of bananas becomes near worthless.** + +**No bananas, no liquidity.** + +# Okay, I learned a few new words, but what does this have to do with my favorite stonk? 🍌🦍 + +No liquidity means that major institutions will have to sell off securities & crypt0 to increase their capital supply. If they can't increase their capital supply to meet a certain threshold, margin will ring and ask for a deposit. 🍌🦍 If shitadel & hedgefunds can't make a deposit (aka prove liquidity to be able to cover positions), **DTCC will forcibly close all of their positions and GME will be catapulted into Andromeda and beyond** 🚀 +Watched the Martin Lewis show this week and the focus was on how to maximise the best savings accounts. + +As we all now rates are still so pitiful that none of these accounts are beating inflation. To me putting money into low risk etf’s or pension is a complete no brainier versus savings accounts …. But it still seems that society is obsessed by savings accounts. + +This ain’t the 90’s…with the base rate where it is surely people like Martin Lewis should be focussing on educating society on the correct way to invest - rather than recommending money to rot in savings accounts. + +I guess the question is …. Am I wrong? Why is there still a culture of savings and hating risk. + +Saturday morning musings. +I am down about 30% + +What's yours and are you looking to average out your positions? + +Mods, if it is not allowed, do tell me. + +If possible do tell your major holdings. + +Mine are ITC, BDL, RIL, HDFC. +My parents are refinancing their mortgage to seek a lower rate and the mortgage company has seemingly gotten stuck on the fact that my mother co-signed my student loans. At their request I've so far provided 1) 12 months of statements from the student loan servicer showing that the loans payments have been made on time, and 2) 12 months of bank statements (in which I redacted the non-relevant transactions and bank account number) to show that I make the payments on the loans and not my parents. Now the mortgage company has responded to say that they need 12 months of unredacted bank statements, which personally makes me more than a little uncomfortable - sharing a full 12 months of financial history, including bank account numbers, address, etc., seems ludicrous to me when I have absolutely no relationship, documentation, signed agreement, etc. with this company. On top of that, given the seeming inability for any large corporation to keep confidential information secure, I feel I'm justifiably nervous. I'm looking for any advice on how to respond to the mortgage company as they are insisting that they need this in order for my parents refinance to be approved and I obviously don't want to throw a wrench in things for them. Thank you in advance for any responses! + +&#x200B; + +Edit - Thank you for all of the responses, it seems like this standard so I feel a bit less nervous about simply submitting the statements, thank you again! +Hi guys, I'm curious to what sort of recent changes you've made to manage the recession and massive increase in cost of everything... + +I'll start, + +Since its started getting colder and its expensive having the heating on, I reuse hot boiling water from making my evening boiled egg sandwiches. This hot water goes straight into my hot water bottle which stays warm for about 2+1/2 hours. Sometimes when I'm working at my desk at home, having this hot water bottle on my lap makes a huge difference. I feel much warmer and comfy. + +I also have an air fryer which I've started using a LOT more recently. This a big win as its way healthier than eating out everyday and deep frying. Also the air fryer cooks really well and home recipes just got a whole lot easier.(side rant: as well as costs of restaurants and fast foods shooting up to ridiculous highs, have you noticed the quality and service has actually declined! I'm not going crazy right!?) + +And the last is, I have subscribed to my favourite online clothing stores newsletter and downloaded their app so I often get emails of discounts as much 55% off for app users. I definitely take advantage of this. I also noticed the store send out an extra 10% off code when you fill your basket but leave it waiting 24 hours without completing the order. So I do this and wait for them to send me the "you have items waiting in your basket, here's an extra 10% off voucher code" email before actually submitting the order. (I assume a few stores do this now, worth a try) + +Any other little tricks or changes I can adopt to save more or even make some money? + +Appreciate all responses in advance. +Hey guys need some advise here. + +I'm 30 years old, had a decent job saved a lot of money never had issues with money perfect credit all that. An opportunity arose to open a business and I took the chance put every dollar I had into it and it's now been a failure and I've basically lost 120k cash, and just to keep the business a float I used credit cards that led to over 40k in CC debit. + +I've been looking for a job for the past year with no luck but something has just arose and I should be getting a part time job about 24 hours a week at 18 dollars an hour. I'm currently living with my parents so I don't have any rent to pay, I can't afford a car, and still owe 4k for the car that I haven't been able to pay off since no job no money no payments. + +I'm starting to get worried about the CC debt because it's been almost a year since a paid anything and the phone calls are getting more frequent and my credit is now destroyed. I plan or was planning on getting engaged moving out and starting an adult life by now but that business investment completely destroyed all my plans, cause me to go into a bad depression and even led to drug abuse which was never a issue for me. So you can see how things are just piling up and up and up and it's going to soon crash if I don't do something about it. + +When I start this job which is supposed to become full time after a few weeks I should be able to at least get back on my feet somewhat. + +I guess what I'm asking you is what can I do about this CC debt? I hear and read I can negotiate with the collectors, not sure if that true or not. + +If anyone has the time and could put there feet in my shoes and explain exactly what you would do to get back to a normal debt free life please help. + +So, I saw the story ['How Puerto Rico Became the Newest Tax Haven for the Super Rich'](https://www.gq.com/story/how-puerto-rico-became-tax-haven-for-super-rich) and saw the quote from my title mentioned there. + +I haven't seen this referenced here before, but it seems like it'd be a prime topic. Assuming that act stays in effect long term, could I move to Puerto Rico for retirement and not have to pay any taxes on my 401k withdraws? +My daughter has just turned 10 and like most kids her age is only interested in robucks or other online transactions. At first I was against spending money on such things, but now I think is it any different to the crap we spent money on pre Internet? + +The only problem is giving her that personal responsibility. As a kid I was given a few quid a week as pocket money which I could then spend on whatever I liked. If I give my daughter a few quid she just hands it back to me because it is meaningless to her. She needs that money online so that she can spend it on the things she wants. + +The problem there is that she can't spend money online safely until she has a debit card. She can't have a debit card for another year. + +So are there any options here besides waiting until she turns 11? +I see the line from the title repeated over and over in r/thetagang. Most readers here know that selling options is not quite as simple as the title, but a recent study published by the most excellent /u/spintwig really drives home why that is the case, and I wanted to highlight it. The study contains tests of four different expiration strategies, but this post will pick on the 45DTE (Days Till Expiration), as that interval is the most popular thanks to TastyTrade. + +A highly oversimplified explanation of Spintwig's test is that he backtested selling a put option against the SPX every day for two years. You should absolutely read the entire thing to get all the details (will link in comments as automod typically removes posts with links in them as spam), but here are the parts to this discussion: + +5D options are very far out of the money, so we'd expect small premiums, but a very high win rate. And sure enough, when selling 5D (5 delta) options with 45DTE, the win rate was a whopping 95%. Pretty good right?? I mean, with win rates like that, how can you lose?? + +Turns out you can lose pretty badly. The Covid dip caused losses that completely destroyed the profitability of the entire strategy, even after the market came back. **The 5% of the trades that were losers for the strategy not only wiped out every cent of gains from the 95% of the winners, but ended with the strategy down 12% overall, even after the market recovered.** + +I will quote another very well informed contributor to these subs, u/imnotarobotyouare: + +"This is a successful options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-7 + +"This is a losing options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-9 + +The moral of the story is: Do not conflate win rate with edge. As Spintwig demonstrates, you can play it safe by selling far Out-of-the-money options, win 95% of the time, and still lose a lot of money when the fat tail hits. + +Thanks to Spintwig again for his excellent work and generosity in making it available for free. +I (32) am looking to buy a house near Köln/Düsseldorf area. I need your suggestions for a few things. + +Here’s a brief intro: +- €50,000 saved up cash +- about to get my PR +- have a permanent job contract (€100,000 per year basic salary) +- I’ll be living in the house for 10 years +- I have an additional investment portfolio, which I will not touch. + +Here is what I am looking for: +- 4/5 room house with a yard + basement + garage +- some greenery around would be nice +- energy efficient and in good shape + +Here are my questions: +- Can I afford to buy anything like this at this point? Or should I save up some more first? +- What range of interest rate should I expect? +- What is the maximum can I afford? +Just blew the remaining cents of my third $200 account. I know where I'm failing, I have like $10k saved money, I have no job just to focus on being profitable and failed miserably. I need to earn money somehow because bills keep coming and them are draining my saved money. + +I am indisciplined and anxious af. If u have any tips to help me deal with it, or some nice words ure most welcome. + +This is a very very toxic job, I dream to have an abundant life through forex but it's very frustrating to know u are one sh*tty noob project of professional daytrader that can't even control it's emotions. + +If u are reading this, I would say you my sincere Congratulation, I envy you and I wish to be profitable like you. U are blessed. +Edit: forgot to post [proof](https://imgur.com/KjUlGPl) + +Current status: Up 72.27% for a paper profit of $154,682. Current price $3.44 + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.9911. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +Interested in RAC? **Please note it's a speculative bio-tech stock and may yet prove utterly useless.** + +If you want more info about RAC here's 30 second summary for those of you with ADD: + +RAC own the patent for a drug called Bisantrene, which was initially trialled in the 80s with great success, only to be left on the sidelines due to a limited application and cost of pursuing further research. It’s since been rediscovered and preclinical through to phase 1 results have so far proven successful. + +As a company RAC are executing a three pillar strategy over the next 12-18 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +If you want some more info on why I’m taking the punt: + +There’s an excellent rundown on RAC by an asset management company [here](https://mfam.com.au/research/race-oncology-asx-rac/) or an overly optimistic Haute Crapper thread [here](https://hotcopper.com.au/attachments/rac-upside-5-february-2021-pdf.2883401/), which also has a stack more info as well. + +Or you can get a rundown of RAC and their recent activities from the company themselves [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02359202-6A1026814?access_token=83ff96335c2d45a094df02a206a39ff4). +Or if you’re a nerd a lot of the science stuff is [here](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf). + +For those of you who can’t read good, and want learn to do other stuff good too, [here’s](https://www.youtube.com/watch?v=ZoMWPf98W1k) Race’s CSO talking about the journey, or a RAC holder taking a crack at breaking down the science [here](https://www.youtube.com/watch?v=HKyfK5MDp_0) + +Or if you want to sign up to read/listen to an engaging interview behind a (free) paywall you can do so [here](https://www.eurekareport.com.au/investment-news/race-oncology-a-10-bagger-in-a-year/149565?v=1053812) + +If you want to read a dumpster fire of a Reddit thread which presents some counterarguments from oncology doctors it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/) or [here](https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/). + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless** + +Just imagine how angry your wife’s boyfriend would be if you lost all your allowance gambling on a bio-tech stock. +I don't really know how I came to join this reddit. I think I got a "we think you'd find this interesting" notification and took the bate. I'm glad I did. People complain about the rich and upper class and how snobby and uptight they are. From everything I'm reading, everyone on here seems so genuinely wholesome. I read through the rules and I'm not here to ask for help, ideas, or where to start (although any PM's for a 30y/o production supervisor are welcome!), I just wanted to say that I'm happy for the people on here who've managed to make their dreams a reality. Just reading about other's successes going from, the only thing you own is credit card statement to being financially free to actually live, puts a fire in my step. + Perfect opportunity to get into ($100x) at this 25 million dollar market cap. Accumulation cycle nearly complete. The team has been consistently delivering and the roadmap is almost as juicy as the LP. + +&#x200B; + +**\*\*Previous Wins** 🎯 **\*\*** + +&#x200B; + +\- CMC, CoinGecko, and Blockfolio Tracking + +\-BKEX & Probit Listings + +\-NFL and MMA Partnerships + +&#x200B; + +**\*\*Why should I care**? 🤔 \*\* + +&#x200B; + +Last night on livestream CEO Ken The Crypto announced that the team is building an NFT staking system for celebrity and sports NFT's on the Binance Smart Chain.  [https://www.100xcoin.io/nfts](https://www.100xcoin.io/nfts%5D(https://www.100xcoin.io/nfts)) + +&#x200B; + +\_\*\***Even if you don't believe NFTs hold value, here's what's important.**\*\*\_