diff --git "a/reddit_finance_43_250k_117.txt" "b/reddit_finance_43_250k_117.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_117.txt" @@ -0,0 +1,10000 @@ + +https://preview.redd.it/2yjyacttiy971.png?width=960&format=png&auto=webp&s=d1ea3297575ccf2bd5d5cd65a6e9f63e04ccd703 + +&#x200B; + +https://preview.redd.it/7h06u3tcjy971.png?width=320&format=png&auto=webp&s=34f377939acd544bc4383cd800dacc1334e8c4f2 + +You get a Crypto, I get a Crypto WTF IS A CRYPTO!? + +Like most of you I think "magic internet money" whenever I hear crypto, I'm not sure what it does or how it functions other than you can mine it and use it to pay for stuff. + +Thank god our internal jellyfish u/Dismal-Jellyfish wrote a DD about whatsup with the crypto stuff + +[https://www.reddit.com/r/Superstonk/comments/ofndb0/a\_crypto\_dive\_with\_the\_jellyfish\_10\_things\_about/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ofndb0/a_crypto_dive_with_the_jellyfish_10_things_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It's enough to at least start thinking about crypto and what we could expect from it. + + + +https://preview.redd.it/3s0vxidrjy971.png?width=550&format=png&auto=webp&s=12268bfcd064abb2c0bbe4145bfc3541d46fcdd2 + +Ready, Get set... Ladder attack + +So I've seen some newer apes complain about the opening and get demoralized, first of all welcome to the club buddies! +This stuff is fairly normal, on most days you'll see the first hour or so get the price hammered down without any real reason. +Good news, down, bad news, down, no news, down, Electing Ryan cohen to the Director of the board, believe it or not down. +And to give you some proof that it's not just my opinion but something that happens consistently you can check out the following thread by u/FreezYourMind : + +[https://www.reddit.com/r/Superstonk/comments/ofpn49/gme\_chronology\_of\_a\_shortselling\_attack\_you\_can/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ofpn49/gme_chronology_of_a_shortselling_attack_you_can/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# + +https://preview.redd.it/2u1c2mtpky971.png?width=950&format=png&auto=webp&s=bf80d84292e1041e5a63d563afc25f9208db468d + +# LEGOOO + +ok so lets end this on a happy note, u/the_end_is_neigh-_- made a super sweet concept in this thread + +[https://www.reddit.com/r/Spielstopp/comments/oerfy9/gamestop\_laden\_f%C3%BCr\_lego\_ideas/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Spielstopp/comments/oerfy9/gamestop_laden_f%C3%BCr_lego_ideas/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +He made a lego set and trying to get it approved by lego and has a signiture thing going on here: +[https://ideas.lego.com/projects/906f72e1-46fd-4228-b364-a3fbb7cea249](https://ideas.lego.com/projects/906f72e1-46fd-4228-b364-a3fbb7cea249) + +I guess loads of people really still like lego, so I thought why not share. + +&#x200B; + +&#x200B; + +https://preview.redd.it/zrijrel2ly971.png?width=554&format=png&auto=webp&s=e338d58fff8196406519206953e588d816c32418 + +# 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/t8rvwnz4ly971.png?width=400&format=png&auto=webp&s=e595f3f0347e976da97b106b16db3eff08b33809 + + + +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) +Post MOASS, GME shareholders (apes) should make sure, that GameStop employees will be paid a fair wage and have a union. Most people despise Amazon for their worker exploitation and abysmal working conditions, and for good reason. + +Pissing in bottles and being under constant stress... That shit ends after MOASS. If GameStop provides solid wages, workers will flock to the company. Amazon will either have to follow suit, or get decimated. + +I do think, that RC knows this, but it is extremely important, that shareholders, mostly retail, pursue this goal. Like many of you, I am deeply invested in this company's future, and I would like to see its employees being treated well. + +After all, they are the wheels that make it all go 'round. +In 2010: Bought 1.4 million shares @ $21.15 each. \~$30 million. + +"partnership will not be affected by the sale" + +Source: [https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:\~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million](https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million). +Good Evening Apes! + +While this week had some unexpected turns I think my overall theory remains strong. I want to cover what was right what was wrong and some of my expectations moving forward into week 2. We'll take a look at GME's long-term technical trends moving into this week. Followed by our usual brief look at the overall market. + +I will live stream a walkthrough of this [DD of this on my YouTube](https://youtu.be/tn0ILFHIos8) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. It will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# PART I: Futures Fails Week 1 Analysis + +If you are not already familiar with my Futures Cycle Theory check out these links for additional information. + +[YouTube Playlist](https://www.youtube.com/playlist?list=PLLZAlefVs0gLbEkYf-_6uBnmqCBnkNMpC) + +Reddit Links + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +So this week we were looking for consistent upward movement from the 13th-15th. While we did see a significant amount of price action on the 13th and 14th the 15th while volatile fell short of expected price action. + +[The first T+35 window ending saw us jump from 176 - 190.20](https://preview.redd.it/8kxl93egg2u71.png?width=1556&format=png&auto=webp&s=7d5fa640c3c44871e22e2e1717b60518806fbd51) + +So this was the predicted price action for the week from my weekly DD last week. + +[Last weeks Predicted Price Action for 10\/11 - 10\/15](https://preview.redd.it/ee9o0h0ug2u71.png?width=2462&format=png&auto=webp&s=1bd373d61625a0c7dce94e1853b4eec730212e1c) + +There we two primary reasons we fell short + +1. This price action was predicted based on January's run. I wrongly assumed, given our current trading price and our potential for violent upside that we would track closer to January's failed cycle than last October's. +2. The total number of fails that are kickstarting this cycle are significantly lower than they were last October (more on this in a second) + +So let's address the first point if I take the price action from last October's first T+35 fail and scale it up for price. We can see it tracks much better with the price action we saw play out this week. + +[October 20' Fail week #1 vs. October 21' Fail Week #1](https://preview.redd.it/ko23y4koi2u71.png?width=2462&format=png&auto=webp&s=13f1b4f064747f590eb679beab58f2ee953cd346) + +As you can see this is much closer the peaks last October were higher but the price action tracks pretty closely. + +**So even though the price is higher why is our range so much lower?** + +I think this comes down to FTDs. Last year on T+2 from the Futures expiration date on 9/22 we saw a massive spike in FTDs vs. the average. + +https://preview.redd.it/lvbggxrrj2u71.png?width=366&format=png&auto=webp&s=198220b46ce17f8c2dc4774ad1561c880b1f7c31 + +This year same spike on the same day in the cycle we see this + +https://preview.redd.it/v1hctao6k2u71.png?width=395&format=png&auto=webp&s=244700cfe0d766088245c485186e19dbf53bd52b + +So this number is 87% lower than the corresponding date last year so while the the bid/ask spread is significantly wider and GME is far more illiquid we are seeing far fewer FTDs. This is why immediately after the peak at 190.20 on the 14th we saw $1.1m in ITM puts roll in along with active shorting for the rest of the day. Once they cover they start shorting, literally every time. + +**Why?** + +Well currently I think this cycle will have fewer overall FTDs (remember they should continue to increase throughout till the end of the cycle on the 26th with price action peaking on the 28th) because of the massive amount of institutional selling that happened last quarter. + +[These ETF rebalance represent at least 12m shares sold ATM for GME. Presenting an opportunity for SHFs to reduce FTDs. ](https://preview.redd.it/2t4iol0tl2u71.png?width=1556&format=png&auto=webp&s=bdae511d81d7971f9a1687ba7d8d8e8a6840c167) + +So while this definitely slows down progress, GME FTDs still experienced a spike in FTDs as expected on 9/21. Meaning, even with all those shares they continue to fail. + +**Another note and this one is big...** + +fails for ETFs containing GME on 9/21 + +[Almost 10 million FTDs, higher than they have ever been this year](https://preview.redd.it/9fmthnbfm2u71.png?width=1947&format=png&auto=webp&s=68ddf4a331693d46c292c3d25e41d12b69688ad0) + +So while GME FTD exposure may be insignificant we are seeing a massive spike in the FTDs on GME tracking ETFs. + +I will be looking to the 21st and 26th to continue to confirm this cycle. + +*\* A note some of these ETFs are Russel 2k while GME has moved to the Russel 1k I expect we still see a significant effect from those ETFs as shares borrowed in baskets to short GME have likely not been returned. Or we are seeing an effect of short positions hidden in derivatives of these ETFs that once contained GME. Hence why we continue to track things like the sticky floor stock, bed bath and beyond, etc...* + +# Part II: Futures Fails Week 2 Expectations + +This weeks fail date for t+35 from the expiration falls on October 21st. Since I assume the FTDs from the 13th have been covered, we should only see significant price action on the next fail. There should be a little movement Tuesday due to T+2 from the ITM puts last week and GME ending the week over max pain (market permitting). So flat Monday/Wednesday and up Tuesday/**Thursday**/Friday. + +[Red represents possible volatility peaks \/ Blue represent were volume will likely trade](https://preview.redd.it/gazxpc4oq2u71.png?width=2451&format=png&auto=webp&s=35a77ca5d67a8fec52544c80d3cdbb4b6a811ba5) + +*\*Please note these are High/Low Bars so that means I expect price action to occur within the bar for the day but they do not represent the final price for that day.* *I think this will be a more accurate and easier to understand, way of displaying price predictions and will be using this from now on.* + +# Part III: Technical Analysis + +**Section I: Graphs** + +So first I want to show the graph for our current position in the Futures Cycle so that everyone is aware of the dates and settlement windows. + +[Current Future Anomaly Window 1D](https://preview.redd.it/vosuv05hs2u71.png?width=1550&format=png&auto=webp&s=bff02a7864d990a6eb40af4eef0ce28f65fd89ad) + +Ok so Let's take a look at our long term trend cause from a technical perspective GME looks primed for a breakout. We Have our long-term Ascending Triangle bullish continuation with a bounce on the low trend. A consolidating wedge with a bounce on the low trend. A reversal on the latest BARR. Finally, We have a confirmed bounce on the EMA 160 with the EMA 90/120/160 more consolidated than they have been since last year. + +[Technical Clusterfuck of Bullish Signals.](https://preview.redd.it/kwyz3z9tv2u71.png?width=2462&format=png&auto=webp&s=6aa0bc86639b8f76ca53b4420f9f4419eeead914) + +So needless to say GME is looking really good. So we'll take a look at the oscillators and buy signals to confirm these trends. + +**Section II: Oscillators and Buy Signals** + +**MACD** + +MACD had a crossover on the daily on 10/13 and is starting to get some good divergence however I remain cautious of this as it has thrown false signals in the past. I would want to see a cross of the 0 point to confirm this as an uptrend signal, currently the trend is negative. + +[MACD 1D ](https://preview.redd.it/akhbegmmw2u71.png?width=1557&format=png&auto=webp&s=85ca8baab4dbf0d9ce2a1d4d5727bef48bcbc7ca) + +Stochastic RSI + +This has a nice bounce of the K% line and looks like it is beginning a bullish intersection with the D% as it comes back up from oversold. A K/D crossover is bullish and this average is smoothed out enough that it is all but confirmed. This is exactly as expected from [last weeks DD](https://www.reddit.com/r/Superstonk/comments/q5iqep/jerkin_it_with_gherkinit_forward_looking_ta_for/). + +[StochRSI on the 1D](https://preview.redd.it/snm5no97x2u71.png?width=1554&format=png&auto=webp&s=6f063669156c6771273f04abe6ed453841dccde9) + +**ADX & DMI +/-** + +ADX is showing a weak slightly negative trend but the signal lines are nearing an intersection had we closed up Friday we may have seen a crossover and I expect one as we see some price improvement this week. + +[ADX&DMI +\/- on the 1D](https://preview.redd.it/3f4r7o45y2u71.png?width=1552&format=png&auto=webp&s=9e758bd768909ea83958af48b1237ead01180f27) + +**BB/KC and TTM Squeeze** + +The Bollinger bands have Snapped inside the Keltner Channel again as of Friday and TTM is showing a fire signal on the 1D indicating a move to the upside. This can drag out a few days as we get more fire signals especially if we trade pretty flat for the first three days this week. + +[TTM and BB\/KC Overlay on the 1D](https://preview.redd.it/uh82p57kz2u71.png?width=2455&format=png&auto=webp&s=940308f1e8fbdb64553169d39e9a75643759e7dc) + +**TL;DR:** + +Technical formations and Oscillators are all pointing to an upside move and a significant increase in volume and volatility for this coming week. I still expect a couple flat days this week but it looks like a lot of the technicals are also lining up with the expected futures breakout dates as well. + +# Part IV: The Market + +With the supposed default of Evergrande set to occur tonight and the SLD thing playing out on the 3rd Monday of the month we may see a drop in the market tomorrow and yes if GME has little to no volume it will likely drag us down with it. However the technicals belie the fundamentals here. Friday the SPY rallied back out of those corrective zones and even broke back through a lower long-term trend indicating a double bottom bounce. Additionally it has a BB/KC squeeze and TTM signal to the upside. So either we correct even deeper tomorrow due to middling sentiment or the market surges to new all time highs. We should have a better idea tonight based on the trends we see in the Chinese Markets. + +[Spy Technical Bounce on the 1D ](https://preview.redd.it/z0pb0y6z03u71.png?width=2463&format=png&auto=webp&s=7509e23b585588fedf0ffc89eea2d6a34e7a7d66) + +[SPY Correction Zones](https://preview.redd.it/kw23q8k713u71.png?width=1555&format=png&auto=webp&s=516fdfde8dd523d2bca5add0ffddf06dd02ab1d2) + +Lastly let's take a look at the Shiller P/E ratio as it also definitely pushed back up this last week. + +[P\/E 10 up .15 points over the previous week](https://preview.redd.it/7ckg3m8323u71.png?width=943&format=png&auto=webp&s=f63e1892cb9836c64b7c48dc138dce1c64637507) + +# Part V: Conclusion + +GME looks like it will have a decent week with some upside potential on Tuesday. The next Fail Date occurring on the 21st should have more of an impact on the 21st as we expect last weeks close and subsequent gamma exposure to force more FTDs this week, generating more options interest and thus more gamma exposure next week as we move towards that final fail date on the 26th. A dip in the market during the early part of the week could suppress GME's price for a couple days. + +***\* One last note DRS likely has a significant impact on this cycle while not yet apparent in the FTD data I do expect to see the baseline FTDs increase due to apes registering shares*** + +[The driving force behind these futures cycles](https://preview.redd.it/nd2c5xlc33u71.png?width=1628&format=png&auto=webp&s=825779ebfc860dc611fc0d78ef6492d9a5cefd6c) + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +šŸ¦ā¤ļø + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Short version: Iā€™ve been paying thousands of dollars extra on my student loans because I didnā€™t know so much was going to interest. + +Iā€™m 27 years old, and I recently realized how interest works. It all started when I stopped and looked at my monthly student loan bill. My parents were kind enough to pay for my loans until I graduated, and my mother has been making payments online from my bank account since then, so I was very hands off, just paying the minimum amount. +Well, I felt extra curious one day and wanted to get the breakdown of what Iā€™m paying and saw I was paying 7% and 8% interest on two separate loans. That did not sound right to me. I googled and saw that the average rate was much less. +I got the information from my mom and went on the loan site and looked at my payment history for the first time. I had been paying about $300 a month and saw anywhere from $130 to $100 of that was going to interest. +Not going to lie, I freaked out a bit. How the heck is the principal going to go down if all that is going to interest?!? I called the loan people asking for an explanation; the woman on the phone knew nothing, I donā€™t think she even understood my questions. +I sent an email to the loan company and got a call from a woman that explained that the interest adds up daily. Like $2.75 a day or something, and the number fluctuated depending on the day the payment was made and the amount of days in a month. +I was content that I had an answer, but mad at myself for not looking into this closer. My mother made it seem like I should just pay the minimum until itā€™s gone, but if I could pay it off faster and save thousands, Iā€™ll take that route. My father is actually the more financially aggressive one, he once convinced me to pay off a loan of $4000 upfront instead of making monthly payments for years to come. +Luckily, the loan company has a refinance option. I filled out the application, it was accepted, and the new rate for the consolidated loans is 4.8% with a monthly payment of $200. Happy ending right? No. See, I always thought that saving was the key, so I have a lot of savings, but I never even considered that paying off debt faster is also a way to save. +New plan, not just for this loan, but also for my car loan, put a lot more on the principal. I have a decent amount of money thatā€™s not even a part of my savings for my house or my general savings, that could cut these loans down by 25% to 50%. So Iā€™ll be making much bigger payments now. Sheesh + +UPDATE: you guys are amazing. Iā€™m learning so much, and have so much more to look into. For the snarky comments about being 27 and having my mother use my bank account to pay this loan, I say to you, thatā€™s how I was raised. She took control over a lot of things. Sheā€™s an amazing mother, but she has sheltered my sister (32) and I to a point where it has hurt our financial and adult growth. Now this is my fault too. I should have stepped up sooner, but I didnā€™t until now. Shoot, I donā€™t think she ever wants me to move out, but I am honestly working on independence. I appreciate you all and am looking forward to reading more advice! + +UPDATE: Damn, you guys did it again. I was lazy. I wasnā€™t nearly as on top as my finances and my life...as I thought I was. I took a lot of help as attacks, but youā€™re right. My mom does not need to be involved in my payments at all and she shouldnā€™t have been for a long time. I guess I felt ashamed to know thatā€™s such a bad thing at this age. Just have to keep improving. This is great. Thank you guys. +The typical debate for property income has been that it's not a passive stream. But now, it may be a typical risk in the disruption of reliable income too. + +With renters being given more flexibility in payment terms and fewer buyers wiling to help offload weak properties, how are you doing? + + +We (an LLC with my siblings) recently purchased a rental property. One of the tenants has lived there 30+ years, and has no written lease or rental agreement. Tenant has failed to open the door or respond to requests in writing to sign a new rental agreement. They have also not made any attempt to pay July rent. As a result of these things, we have given notice to vacate the premise, and will begin the eviction process if he does not comply. + +Since that notice to vacate, tenant fell down with water running for over a day, causing significant water damage. While he is in the hospital, we had our first chance to enter the building in order to make emergency repairs. What we have found is that he is a "hoarder" and the house is filled wall to wall with trash, making attempts to mitigate the water damage very difficult. We have contacted the VA and adult social services to hopefully get him the assistance he needs. + +What ability do we have to remove his property/trash to access damaged areas? + +What if he refuses to give us/the restoration company access once he is released (particularly since he is armed)? + +If the property is condemned because of his own previous inability to maintain it, are we obligated to provide alternate housing? Are we obligated to let him return to living on the premises once repairs are made? What steps do we need to take with his property? + +Probably a million more questions too. + Hi all, + +Only 55% of fund managers invest some of their own money in the funds they manage [with only 15% investing over 1M](https://citywireusa.com/professional-buyer/news/the-rec-list-how-many-managers-invest-in-their-own-funds/a1414253), research suggests that [funds where managers put a significant amount of money tend to have better outcomes](https://www.investors.com/etfs-and-funds/mutual-funds/does-your-mutual-fund-manager-have-skin-in-the-game-these-do/). + +So I'm looking for mutual funds and ETFs where the managers invest their own money in the fund. I read that funds report that to the SEC but I'm not sure where to find it... + +Edit: Added more percentage data on fund managers stakes in their funds courtesy of u/poolandapondforyou +It hurts to show up in this community knowing itā€™s all gone. Itā€™s a lesson learned but hard one at that. I hope to rebuild again. + + + + +Edit: Thank you all for the kind words:) +Sup Apes + +not financial advice + +super brief post, I've received so many pings this AM I wanted to address it in a formal post. + +the original post is here: [https://www.reddit.com/r/Superstonk/comments/o02fnr/elliot\_waves\_gme\_the\_sp\_500\_wen\_market\_peak\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o02fnr/elliot_waves_gme_the_sp_500_wen_market_peak_and/?utm_source=share&utm_medium=web2x&context=3) + +I've seen a lot of chatter regarding my post saying SPY would peak around 430, and I wanted to add a few more targets for your viewing pleasure. + +In that post, I believe I gave a target of around high 429, though there are multiple levels to watch out for. Remember, Elliott Wave gives us multiple targets, as we are analyzing many different time frames. + +Outlined for your convenience: + +[1hr](https://preview.redd.it/jhtm62381m871.png?width=2780&format=png&auto=webp&s=b0ccbc59d4550218f31d0ada2c8d8761200d336f) + +I'm gonna zoom out so you can see the super cycle 5 target, as I believe this to be the most valid/important level. I got this target by measure waves 1-3 and bringing the extension down to the low of 4 (covid flash crash). + + +First level is the .618 level, next target being the .786. + +The .618 level was passed long ago, narrowing our top end super cycle target at 432.08 (blue line): + +[super cycle from end of 08](https://preview.redd.it/4o3ox7l42m871.png?width=2764&format=png&auto=webp&s=573f48c86294ac2066831fcda390b8e890b2893b) + +clearly, even though i have a shit ton of borderline aneurism inducing levels, it looks like we are running out of steam. + +Just for fun, I went and analyzed the grand super cycle of SPX, as the grand super cycle dates back to the low of the great depression (roaring twenties) + +super briefly, just look and take from the image what you will. + +[monthly](https://preview.redd.it/ewer0klg2m871.png?width=2788&format=png&auto=webp&s=0a3a3ed9d875ef9392951f7c990e7c448e877105) + +IDK about you, but me thinks the music is about to stop. + +in the first image, I provided a few targets as I am measure multiple different "cycles" if you will, all of which are point to a high around low to mid 430s. + +There is no "magic level" per se, but fibs are not wrong. They are nature in essence, the golden ratio is everywhere. + +After hitting our peak, my guess is around 432 should the peak not be today (nothing surprises me anymore) we begin our slow bleed. I do believe Gamestop among many other catalyst will cause a relatively harsh "A" wave if you will, on SPY it will likely drop to at least 345 before any significant buy pressure comes back, though this point would be the "B" wave. the fakeout. media will likely say the crash is over and its okay to buy. SPY won't dip that hard. come on. be realistic. + +**LIES!** + +I believe SPY will come back to at least 250, timeframe for this is really hard to gauge, but based on previous bear markets, I'd guess at least a 2 year bear market. + +Though we also haven't had an event quite like this before, so as to how long the bear market will ensue, that's anyone's guess. + +Given this is our Grand Super cycle completing from the low of the roaring twenties, it really is not crazy to think that we can (and likely will) correct 50% of that move. + +IE, it is TOTALLY POSSIBLE for SPX (not spy) to drop down to around 2200 before beginning to recover. + +&#x200B; + +[SPX](https://preview.redd.it/805vzcbw3m871.png?width=2758&format=png&auto=webp&s=feb08ec4cc03935410f6240a547d5bb245068243) + +I'll leave you with this. I won't theorize too much on the events that will cause this, I believe everyone has a pretty solid idea of whats about to happen. I just want to lay out the technicals, and how I PERSONALLY believe this will play out. I can be 100% wrong as can anyone else. + +Be well. + +It's cynical, but I'm jacked. + +TLDR: market peak close, market will fall hard soon. Media will likely say crash is over at the "B" phase of the correction wherein we rebound a bit. Don't fall for it. GME go BOOM soon šŸš€ +Iā€™m a CFP and years ago I heard Dave Ramsey cite a study. According to him, of all contributing factors (investment choice, market timing, asset allocation), by far the most important factor resulting in ultimate retirement balance was ā€œSavings Rateā€ to the tune of 74%. If this is indeed a real study, I find this fascinating and would love to understand the methodology. + +However I canā€™t actually find any study after hours of googling. I was able to find a tweet where he mentioned this specifically (https://mobile.twitter.com/daveramsey/status/785799308360749056), but didnā€™t cite it. And he also mentioned it in a video rant. In the video he references the ā€œNational Association of Actuariesā€, which I believe does not exist- perhaps he meant the SOA? + +If this study isnā€™t fictional, it seems like a compelling case for the importance if savings rate. + +Has anyone come across this study? +UPDATE: New AMA by BSCdaily: + +https://mobile.twitter.com/bsc_daily/status/1374710420699639816 + +Hi all, + +As I am really convinced of this project, I would like to share this opportunity I believe in and help others get into it (which will also help me, haha). I'm not here to launch a coordinated shill attack or to promise you'll be on the moon in two weeks, I just like to share an opportunity I found myself. + +To be honest: two weeks ago I decided to invest in BOG, so I do have a bit of a bias. I genuinely think this project has a lot of potential and despite I already went x2.5 I can't see myself selling in the coming months. I have been a bit in the Telegram, but left as I couldn't focus on my regular job anymore with addicting stuff like crypto Telegrams. + +Here's why I think it is a great opportunity: + +* Project started a few weeks ago, and already delivered the first features + * Charts - enables charts on Binance Smart Chain + * BOG RNG - enables RNG on Binance Smart Chain +* 2nd april will be the launch date of the third feature already + * This will be limit orders for BSC, where currency $BOG needs to be used to pay for fees +* After this feature, they will introduce stoploss orders on BSC per the roadmap. + * To add some colour to the value in this feature: + * You could buy whatever BSC memecoin you want (and there are enough of those). After purchase you could put in an stoploss order on the BOG website, which will automatically (without you being alert) sell your SAFEPIKACHU after the price drops to a predetermined amount. *This would prevent you from being pumped and dumped on.* + * Link: [https://bogtools.io/limit-orders/](https://bogtools.io/limit-orders/) +* Marketing hasn't started, but we already rose from below $1 to stabilizing on $6 despite the crypto blood bath of the past few days + * Link to Coinmarketcap graph: [https://coinmarketcap.com/currencies/bogged-finance/](https://coinmarketcap.com/currencies/bogged-finance/) +* Number of holders is gradually increasing (from 3000 1,5 week ago to 5000+ now) +* Great staking rewards (I already realized 30% of the BOG I staked as a return) +* Marketcap is **$14.5m** so really low, wouldn't be surprised if we surpass the $100m in the coming weeks as more features will be delivered (but no guarantee of course) + * This would be an x7 +* Marketing is about to start (I believe CryptosRUS will feature the project this week) +* BSC project so transaction fees won't cost you a kidney +* The name doesn't start with SAFE or an animal + +Buying is a bit of a hassle (and involved a custom token on pancakeswap), best explanation can be found on the website. On the other hand: this is a barrier that hopefully will be lifted the coming weeks and ensures that currently the project is only for early birds. + +[https://bogtools.io/token/how-to-buy/](https://bogtools.io/token/how-to-buy/) + +Happy to share, have a great day. +Talking to my dad the other day, he mentioned that last year was his first time hitting the out of pocket max on his health insurance. He broke his shoulder, my step-mom broke a vertebrae and stepbrother tore an ACL. I think his OOP max was around 12-15k or something and he was able to cover everything without too much hassle because he had planned for it. Made me realize I needed to up my emergency fund by about 1500 over the next couple months to make sure Iā€™d be covered. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi! I made this Excel analysis: [https://i.imgur.com/5Hr2EZw.jpg](https://i.imgur.com/5Hr2EZw.jpg) + +For a balanced comparison I chose the same base currency for all funds: USD. + +Also the annual returns include dividends, so they simulate performances of Accumulating ETFs, written under the Ticker column. + +You will also see Amazon in there, just threw it out of curiosity and decided to leave it in :) + +Didn't find a comparison this concise anywhere so decided to do the work, hope this helps someone! + +Edit: on request I uploaded the Excel here: [https://www.dropbox.com/s/zqgcubrf43tz6ia/1999-2020%20Indexes.xlsx?dl=1](https://www.dropbox.com/s/zqgcubrf43tz6ia/1999-2020%20Indexes.xlsx?dl=1) +Longtime lurker, very rare commenter, but see a lot of value in the commentary here so figured Iā€™d throw out my conundrum for some feedback. + +36, 2kids under 4. NW ~8mm, annual income ~1.4mm. Income and net worth have been driven by a wide variety of endeavors including successful businesses/exits, personal RE, and managing RE syndications (small scale ~20mm AUM). + +Iā€™ve always had a W2 because Iā€™m very conservative and donā€™t like the thought of my skill set/resume going stake if I really need them some day. I also get really bored/stir crazy if not working. + +In the past couple years, a company I was consulting for got bought out and through a very long and complicated course of events I was asked to run the company by new ownership. Always a glutton for punishment but also opportunity, I agreed. I also have grown pretty attached to the employees and donā€™t want to leave them hanging out to dry (itā€™s a pretty niche industry, if I left it would be tough to replace very easily). + +Hereā€™s the rub, the pay is crap. Itā€™s a small company relatively speaking. Essentially a start up with the post acquisition pivot. Iā€™m taking home ~250k/yr. All the value is in the equity. But Iā€™m sick and tired of dealing with ownership which is not run like a board at all ā€” very in the business. + +So the company makes up like 20% of my income but 80% of my time and it kind of sucks. But the things holding me back from up and leaving are the employees who I really enjoy and are a bit like family at this point, and my very risk averse brain saying ā€œwhat if the $250k/yr in RE cash flow, $200k in syndication fees/carry etc, and $700k in other business passive income (very volatile industry) dry up and my resume is blank for 5 years or skill sets get outdatedā€. + +I am a lawyer by trade and could toss up a shingle and just take some random clients on my schedule but Iā€™m not totally certain I really want to practice again. + +So thereā€™s the what if worst case scenario as I still have 50+ years to plan for, and what do I do with myself if I bail. I have lots of hobbies but not 40hrs a week worth. And I absolutely adore my kids but if Iā€™m being honest could never be a full time stay at home parent at least while theyā€™re so young - my mind turns to mush after 30 min of kids books and songs on repeat (childcare providers are absolute saints). + +Anyone been in a similar situation? Objectively Iā€™m sure I know the answer is to pull the rip cord and just find something else to do. But I also find myself knowing Iā€™d kick myself if the company hits it big and I walked away from all the upside. +Schumer Talking To GOP To ā€˜See What They Wantā€™ In Marijuana Legalization Bill Coming This MonthPublished By Kyle Jaeger + +Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to ā€œsee what they wantā€ included in a bill to federally legalize marijuana heā€™s planning to introduce later this month. + +https://www.marijuanamoment.net/schumer-talking-to-gop-to-see-what-they-want-in-marijuana-legalization-bill-coming-this-month/ + +ā€œWe hope to [file the bill] towards the end of April,ā€ Schumer said, adding that he, Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) ā€œare talking about it and, in fact, weā€™re trying to reach outā€ to other lawmakers about the forthcoming bill. + +ā€œIā€™ve reached out already to a few Republicans to see what they want,ā€ he said. + +The senatorsā€™ proposal as released in draft form last year would federally deschedule cannabis, expunge prior convictions, allow people to petition for resentencing, maintain the authority of states to set their own marijuana policies and remove collateral consequences like immigration-related penalties for people whoā€™ve been criminalized over the plant. + +Edit: + +Sen. Cory Booker Hints Cannabis Administration and Opportunity Act is Nearly Ready + +https://hightimes.com/news/sen-cory-booker-hints-cannabis-administration-and-opportunity-act-is-nearly-ready/ + +Sen. Cory Booker suggests the full language of the Cannabis Administration and Opportunity Act (CAOA) could be released later this month. +I've been researching real estate investing for several months now while I've been saving enough capital to get in the game. + +Everyone says don't invest in real estate if you'll hate being a landlord. I was chatting with my father in law who owns 5 SFH. He barely knows anything about real estate, doesn't know who his tenants are, and never has to do work on his properties. The reason for this is because he pays a property management company 10% of the rent to manage everything for him. + +I get that some people want to do it themselves and save that 10% but how have I never read about people doing this on here or on bigger pockets? It seems like this would be a popular route for people who want to be less involved + +Edit: thanks for the replies guys! It sounds like I want to be a "semi-passive" investor. Other key comments: I can probably fine a manager that charges less than 10%. Property management is more useful for out of state investing, but if your properties are within an hour, it's worth it to just do it yourself because it doesn't take much time anyway +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! + +Just for a bit of a discussion, what super scrimper things do you do or know other people to do? + +For example one of my colleagues uses one tea bag for two cups of tea (personally not for me as I like a strong brew)! I cut open tooth paste tubes as there is always loads in. +**Welcome to $MoonPirate!Ā  With over 89,500 strong holders and a market cap of only $10.5M.Ā šŸ”„ JUST LISTED ON COINTIGER! 2ND EXCHANGE COMING SOON! šŸ”„ Rum is being distilled. IPA being released next month. Governance voting currently ongoing to pick flavour of first energy drink!** + +ā—LISTED ON CMC AND CG AND COINTIGERā— + +āš ļøWHITEPAPER RELEASEDāš ļø + +Some of their deliverables so far have included: + +* ā˜ ļøPirateSwap launched (investors can purchase MoonPirate directly on their website) +* ā˜ ļøPirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding) +* ā˜ ļøGet Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut ā€“ as voted by investors) is 3 to 5 months away +* ā˜ ļøCatchment Brewing Co (Brisbane, Australia) ā€“ MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it +* ā˜ ļøUpdated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy) +* ā˜ ļøGovernance Platform LAUNCHED! (your MoonPirate holdings will dictate your voting potential) +* ā˜ ļøNow on CoinGecko and CMC, Add this to Blockfolio, Stocktwits & Delta +* ā˜ ļøWeekly Live Video AMAā€™s (including founder, community manager and communications manager) + +*On top of that, we have NFTā€™s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more.* + +**Be sure to check out EVERYTHING on the website, which is being updated on a daily basis.** + +*Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits)* + +āœ… TOKEN ADDRESS: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +šŸŒš MoonPirate is SAFU and sailing to the MOON šŸ”„ 100% LP tokens burned. 60% of all supply burned. ā™»ļø 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY šŸ’Ž 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS šŸ”„ 0.8% GETS BURNED FOREVER + +šŸ“² Links šŸ“² +Website: [https://moonpirate.finance](https://moonpirate.finance/) + +Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +Discord: [https://discord.gg/dwgeUTHv](https://discord.gg/dwgeUTHv) + +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) + +Chart: [https://charts.bogged.finance/?token=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://charts.bogged.finance/?token=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) +I always find it weird when I see a pattern all of a sudden. When a certain type of post gets upvoted to the top, I always wonder who the hell is spreading the narrative. Could be harmless but my spidey-senses started tingling. Part of me started to feel like someone is trying to make us think the momentum is dying down. Maybe people are more zen but we are still going as strong as ever. I'm fully zen but still like to contribute and see some dank memes. If everyone were to get so zen that they never check the sub, the rate at which we uncover the bs slows down as well. It's as if someone wants us to look away. Not this guy! What are your thoughts? +Currently entertaining the idea of investing in a 2 family in a town that has a small state school in it. There's also a small hospital there and it holds a steady population of 17,000. Between the state school and the hospital, people are always going to need somewhere to live. + +The house is listed at $230,000 and is 2 units of 3 bedrooms each. They're claiming the property takes in $47,000 in rental income every year which is offset by $10,000 per year in expenses (insurance, taxes, heating, garbage, and lawn maintenance). Thus providing a net income of $37,000 per year. After you factor in the mortgage it comes out to around $28,000 profit per year. That seems like an insane opportunity and I can't fathom why someone would be selling a property with such positive cash flow. + +Am I missing something painfully obvious that would serve as "the catch"? Since it's primarily rented by college students, I would form an LLC and get an umbrella policy to ensure I am extremely covered from a liability perspective as well as getting the students' partents to cosign/guarantee the lease. + +Any insight would be greatly appreciated! +So I had a stop order at 316, when GDAX went down (for whatever reason) all my ether was sold at the highest (at the time) price available. When I logged in I saw a small USD amount, I though it was a hiccup. Checked the fills and indeed it was sold at 10 cents. There is no way this will be reversed right? If that's the case I believe I will be leaving the crypto market at least until it stabilizes. + +Just lost 3k in the blink of an eye. + +Edit : As I stated on one of my comments, it was not my intention to blame GDAX. I understand this was all my fault and had already made my peace with it. That being said, it was a nice surprise Coinbase decided to refund customers. +Hey guys! Its that time again, I am updating the spreadsheet I made for budgeting and adding in new features. I'm terrible at sticking to a budget so I originally made a sheet that breaks it down so that I just have the ability to break it down to a daily manageable amount. Since then the sheet has grown into a project I update every year! + +&#x200B; + +[HERES WHAT IT LOOKS LIKE](https://imgur.com/a/eWLAyEM) + +&#x200B; + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. This spreadsheet is made so you only focus on ONE number. + +The sheet was set up with three goals in mind: + +1. that it be easy to use +2. that it focuses on a daily budget that supports long term goals- instead of a long term budget that doesn't have daily support +3. that it be a good starting place for people who have never saved before + +So how does it work? + +The main budget is divided into three core areas: + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- ect. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Payments: this is new to this year's sheet, use the tab below to fill out your information for up to three credit cards. Decide whether to pay the minimum payment OR choose an amount to pay. The tab will allow you to see how much you're paying and how much interest you're accruing. Once you have filled it out, your budget will adjust accordingly.-Big Purchase: Use this tab to create a budget for a large purchase, and adjust your budget easily and automatically to finance this purchase! +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +&#x200B; + +SO WHATS NEW THIS YEAR ? + +&#x200B; + +* Themes! so far I had kept it a pastel paradise as I like those colors, but now you can easily change the themes on the sheet and pick one that suits you better. +* Loan calculations, I wanted o see if I could get a house and needed an interest calculator- so I built one. P.S. I can't afford a house and likely never will. +* Bi-weekly and Bi-Monthly options for income! it took forever but I did it! if you get paid every two weeks, its bi weekly. Two times a month, it's bi-monthly. +* Paid? option to mark bills that have been paid each month. +* Am I over budget??? an area to track daily spending and see if you're following your budget. you can manually input data, but you can also use an add-on like BudgetSheets to automatically import the bank data and then track it that way + +and FINALLY + +# [HERES THE LINK](https://docs.google.com/spreadsheets/d/1Ryko0uTB2za6YGxTPn8BhGR9sj8r0vck4C6apJHGL8o/copy) + +&#x200B; + +^(NOTE: All Images in the spreadsheet are from vecteezy) + +&#x200B; + +FAQ:-How do I change it to USD/EU/CAN/AU currency?This is a google setting in sheets, go to the 123 setting and change it there! + +\-What is the difference between bi weekly and bi monthly?Bi-weekly is calculated based on 52 weeks in a year, Bi monthly is paid twice a month- there is aa small but statistically significant difference between those calculations! + +\- The link won't work!?tell me! the sheet is usually rate limited at some point so I need to generate a new link! + +\- I don't have google.....[Here is the link to the public doc](https://docs.google.com/spreadsheets/d/e/2PACX-1vRuB_xnYrkizCp-YSCOnB5edeG3i0aszBkR-vCXXq1gH25HPa2QBevFCnhTu3bL7x-NL5pc-OkcFw8_/pub?output=xlsx) + +That said it is made to use with sheets and will break if used in Excel. the original was made with accessibility and ease of use in mind- that meant i did want ppl to need to install extra software or need to pay for excel to use it. Due to this, it was made on sheets and some of the functions it uses are available only in google sheets. this is public BUT know it will Break and you will have to fix it. + +\- my Monthly/wekely/bimonthly/biweekly look different from each other? what gives? + Weekly payout and monthly payouts are calculated differently! if you make 100 a week it's not the same as making 400 a month! each calculation is made based on their specific circumstances. One day i wanna add Hourly but thats a WHOLE other can o worms. +Because the buyer didnā€™t want to exercise their option. It really is that simple. Itā€™s not that deep + +Edit: gotta love that every thread turns into an intellectual dick measuring contest. ā€œAckShulLyā€ +I guess same goes to stock investors as well. My idea of an economy is you produce goods/services for society and get rewarded with currency, which you can then spend on good/services that other people produce. You can only take as much value out of the economy as you put in. + +But this must not be correct because that very simplistic theory breaks down when it comes to investing. When someone makes a million dollars off dogecoin, they didnā€™t create a million dollars of goods/services for the economy. So why should they be able to take a million dollars of value away? All they did was hold an asset that appreciated tremendously, but where is the value created? + +My knowledge of economics is very limited so any explanation of why my simple economic theory is incorrect would be appreciated. +What shape is the supply curve for vaccines, specifically the corona vaccines? + +Is it perfectly inelastic, or could more have been produced earlier on with more funding? +Hey y'all I wasn't sure if this was an appropriate thread to post this on or not but I originally graduated with an economics degree back in 2015. I've been working and have found corporate life to be very mundane and am considering seeking out a Masters in Economics as a way to gain meaningful skills for more interesting work. +For those of you who have completed a Masters program, how did it help your career? What are things to look for in a program? Is it a good value in regards to the amount you pay and the type of salary you get from the degree? +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. ā™” +EDIT: since some people are confused - this isnā€™t my main account, I set this up specifically to help new traders see how it can be done. I chose 30k to meet PDT requirement with some cushion. The goal is to double the account and show traders that they donā€™t need to use momentum trading to be consistently profitable. Iā€™ve already been trading full time for the past five years. + +In order to show people that one can Day Trade for a living and it does not require starting with an inaccessible amount of capital, I have started the $30K challenge three days ago. + +I am a full-time Day Trader, and I have found that the reason most people fail at this is because - + +**A)** They do not put in the required work + +**B)** They believe Day Trading is primary "Momentum Trades", otherwise known as "Gap n Go". + +So I set out the goal to double the account in four months. I post every trade live as I do them (here are today's trades: [https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k\_challenge\_day\_3/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k_challenge_day_3/?utm_source=share&utm_medium=web2x&context=3) ), and I also put the link to my public Tradersync in my recap post ( [https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day\_3\_30k\_challenge/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day_3_30k_challenge/?utm_source=share&utm_medium=web2x&context=3) ) + +I am not selling anything, I do not have a "channel", do not own, work for or get rewarded from any trading service or resource - I was simply sick of hearing that "Day Trading as a career is impossible" when I do it every day. So I figured I might as well help others that are serious about doing this full-time and show them how it can be done. + +On Day 3, I am currently up $2,835, so the account is now at $32,835. This is not my regular trading account but one I set up specifically for this challenge. You can see the trades and the timestamp of when they were posted, and you can also look at the public journal of every trade. + +I believe that most people who want to do this full-time just want to make a better life for themselves and/or their families - and I also got tired of watching person after person take bad advice and lose all their money. For those who know me, I am never short on "giving advice"; however, advice is meaningless unless you can back it up - well that is what I am doing here. + +Best, H.S. +I scroll through this sub sometimes and I see that some people are in absolutely extraordinary debt and then I continue and Iā€™m met with posts from people who have problems I will never understand when they earn Ā£400K a year?? + +I go from feeling secure in myself and where I currently am in my career in that Iā€™m extremely lucky to not face bankruptcy and that I have my debt under control. To feeling like complete and utter shite because I canā€™t purchase a house in full because I havenā€™t got Ā£300K in savings or Ā£100K pension at the age of 18. + +The 2 extremes in this sub is just absolute mental. Do any ā€œaverageā€ people want to have a chat with me about ā€œaverageā€ finance things? + +Edit: Thank you kind stranger for the silver!! + +Edit2: extra info - Iā€™m 23F, currently on Ā£22K, about Ā£500 on my CC as I purchased a phone out right a couple of months back! +Hi r/ethtrader, + +Reddit admin here. Iā€™m one of the developers who has been working on the [r/EthTrader Donuts project](https://www.reddit.com/r/ethtrader/wiki/donuts), and Iā€™d like to share some updates with all of you. + +In the last couple of months, we have been following [the work](https://www.reddit.com/r/daonuts) that u/carlslarson has been doing to [decentralize Donuts](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/). On behalf of the community, he has developed [multiple smart contracts](https://github.com/daonuts) that allow Donuts to be moved to the Ethereum blockchain, along with much of their functionality (including distribution and tipping), and acquired assets (like the subreddit banner and badges). Itā€™s great to see all of this progress. + +As we [promised](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/) earlier, we will be integrating this implementation of decentralized Donuts into the Reddit UI. This means that Donut balances, as well as ownership of the banner and badges, will be read from the blockchain. We are just starting this work. It will take some time to build and test the integration, but we are hoping to have it done soon. + +It is important to remember that this project is still a work-in-progress. This is the beginning, not the end, and the focus should be on continued iteration and experimentation. If you see a flaw in the design, donā€™t panic! We can always fix the flaws and move forward. + +We understand that the community is concerned about on-chain governance. To avoid any unintended consequences, going forward governance polls will be considered as signaling tools, rather than absolutely binding. Once the community is confident in the decentralized implementation, the community can return to experimenting with binding governance. + +We started this project to reduce the dependence of online communities on centralized actors and make them self-sovereign ā€” communities that exist on their own and have the tools to chart their own destiny. The r/EthTrader community believes that Ethereum smart contracts is the right approach to fulfill this mission. For that reason, we are committed to supporting the community-led initiative to put Donuts on Ethereum blockchain and we look forward to seeing where it goes! +I recall every blue moon someone would post about how crazy undervalued $FB is and how value based it is. How do you all feel about this sentiments now? +This is a great summary on how to behave like Buffett. + +[https://neckar.substack.com/p/the-hustler-lessons-from-a-young](https://neckar.substack.com/p/the-hustler-lessons-from-a-young) + +The part I found most interesting was where he produced a tip sheet that handicapped horses at an Omaha race track. He called it "Stable Boy Selections". The following is an excerpt which provides the bare bones of a great investment process. + +\--- + +Warren discovered the Rules of the Racetrack: + +1. Nobody ever goes home after the first race. + +2. You donā€™t have to make it back the way you lost it. + +The racetrack counts on people to keep betting until they lose. Couldnā€™t a good handicapper turn these rules around and win? + +**ā€œThe market is a racetrack too. But I was not developing elaborate theories in those days. I was just a little kid.ā€** + +Buffett started to see that markets were generally roughly efficient but that there was plenty of opportunity to exploit mispricings if one paid close attention. + +ā€œ**Iā€™d get the Daily Racing Form ahead of time and figure out the probability of each horse winning the race.** Then I would compare those percentages to the odds. But I wouldnā€™t look at the odds first, to avoid prejudicing myself. **Sometimes you would find a horse where the odds were way, way off from the actual probability.**You figure the horse has a ten percent chance of winning but itā€™s going off at fifteen to one.ā€ + +ā€œ**The less sophisticated the track, the better.** You have people betting on the jockeyā€™s colors, and you have them betting on their birthdays, you have them betting on the horsesā€™ names. **And the trick, of course, is to be in a group where practically no one is analytical and you have a lot of data.** So I would study the forms like crazy when I was a kid.ā€ + +**Long before getting serious with stocks, Buffett was learning how to think in bets, how to recognize the impact of human psychology and decision-making biases in markets, and how to develop an edge in investing. He did it by finding a field of practice that was fun and interesting to him.** + +\--- + +H/T to Libs on CoBF for finding this link. +Hey, I'm not sure if this is allowed. Another poster asked if there were any jobs in the US paying more than 40K/yr and I thought I'd share. + +I'm a single mom of 3. I had to leave my marriage and at the time I was a stay at home mom and had no college education. + +For the next 6-7 years I tried to go back to school several times but had to work, of course. I never made more than roughly $10.50/hr. + +I worked in retail, hotels, hospitals, etc but because of the cost of childcare/sitters, etc. I realized I'd save money if I could get a job working from home. + +I randomly went on Rat Race Rebellion and saw that Amex was hiring so I applied. + +I got the job. They started me at 38K. Benefits start on day 1 and that includes a ton of PTO, good health bennies, etc. + +I'm at year four and made 52K last year. + +They are [hiring](https://aexp.eightfold.ai/careers/job?domain=aexp.com&pid=11773037&pid=11821648&location=United%20States&triggerGoButton=false&Select%20Primary%20Career%20Areas=travel%20%26%20lifestyle&job_index=4)for that same position. + +If you have any sales, hospitality or customer service background and are in the US I highly recommend shooting your shot. + +We are not thriving by any means but we are ALSO not feeling that velociraptor of poverty at our ankles either ykwim? + +P.S. I do not get anything for sharing this link. There IS a separate referral link but I don't know y'all so I'm not trynna get MY work reputation all forked up. Not worth it for me. + +Good luck! +Claims to be rich, has a history of drug abuse and mental instability, gets called out for pming other uses with homophobic slurs. + +Apparently has been shorting the market since last year, yet still has a green portfolio due to his ā€˜magicalā€™ gold position, and has never posted a screenshot of a single trade. + +This guy has more chromosomes than there are stars in the universe. +Welcome to the New World. + +&#x200B; + +NFT related discussion only. Any comments or post relating to Stonks, mushrooms or anything other than NFT's will be deleted and the user banned. + +&#x200B; + +You've been warned. +Im a smooth brained ape, but I remember that I read about S&P 500 qualification criteria. + +They are + +1. a [market cap](https://www.investopedia.com/terms/m/marketcapitalization.asp) of $13.1 billion (as of June 2021 guidance) +2. the value of its market [capitalization](https://www.investopedia.com/terms/c/capitalization.asp)trade annually +3. at least a quarter-million of its [shares](https://www.investopedia.com/ask/answers/how-can-i-buy-sp-500-fund/)trade in each of the previous six months +4. most of its shares in the publicā€™s hands +5. at least a year since its [initial public offering](https://www.investopedia.com/terms/i/ipo.asp) +6. the sum of the previous four quarters of earnings must be positive as well as the most recent quarter + +\- [https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp](https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp) + +So, last time I had a look at this, we only missed point 6. With the huge increase in customers and free pr gamestop have received the last 10 moths, I have reason to believe that we can see a positive quarter, and possibly a that the sum of the four last quarters will be positive. The HFā€™s canā€™t fight this, so how to keep us out of S&P 500? Lower the GME market cap. Right now, the fight is not at $180, but at $170.52 (13.1B / 76.82 M = 170.5285 ) + +https://preview.redd.it/j0nops1pv3f71.png?width=1247&format=png&auto=webp&s=209cd632f3216730ca16288abe1e8e923ffdb52c + +Could I request an adult to look into this? + +Edit: Meme + +&#x200B; + +https://preview.redd.it/00h2v2hlx3f71.png?width=888&format=png&auto=webp&s=5e320f349a31d1ed174e62f7f52b35a88de69c41 +Whoever you are, wherever you come from, whatever you held, you refused to sell and stood your ground. You believed in the tech and not the words of those who doubted it. + +You deserve these gains because of that, and I for one thank you for holding the ground, I can hardly imagine what would've happened if we went to 20K or below. + +People say they're not in it for the tech but they don't realize it until they spent a few months in the dip, they probably didn't invest for the tech but they held it for the tech. + +I for one believe in it and imagine a decentralized human civilization within the next century, we are the pioneers of the next tech revolution and it wouldn't be possible without you. +A $1200 a month check is limited to people making under a certain amount( congress is still voting on the deal so details could change). Why arent corporations that make much more than the average person subject to limitations? Arent corporations people too or not? +I had a long night and decided to place a trade while I was still drinking. It was the day prior to $RKT released earnings. I meant to place 2 covered calls but ended up placing 1 CC and one call. It was the perfect opportunity to place a CC because the stock price tanked the next day. So now I break even because of the CC premium, but the call option is on the toilet. + +This isn't the first time this has happened. Everytime I decide to trade while drinking, my trades always go to shit. Liquid courage does more bad than good. Happy trading my friends. +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.** +Metropolis is an upcoming upgrade of the Ethereum network. If you haven't already done so, I recommend reading [this explanation](https://www.reddit.com/r/ethereum/comments/702t95/eli5_byzantium_changes/) of the upgrade. Because the changes are not backward compatible the way the network must upgrade itself is via a **planned hard fork**. In a non-contentious planned hard fork (like Metropolis/Byzantium is expected to be), everyone simply switches to the new software. All the data ("state") from the old network is used on the new network and the old network simply dies. In such cases there is no duplicate or "split" of the network, nor any split of tokens or data on that network. + +* Exchanges, and hosted services like MEW will upgrade their own software in preparation. +* If you run a node yourself, like Parity or Geth, you would need to upgrade your own software. +* Deployment of the upgrade on the Ropsten **test** network (a few days away) is a precursor to upgrading the main network (likely to happen after a few weeks of stability on Ropsten). +* Over time, software generally stabilises as bugs are discovered and fixed. Software upgrades can have a destabilising affect because new bugs *may* be introduced. **There is always some additional risk associated with software upgrades.** The overwhelming greater risk, though, would be to **not** upgrade, as this would mean stagnation and the failure to achieve what was envisioned. +* The network is in the hands of amazing dev teams and a fantastic community. +https://www.marketwatch.com/story/teslas-stock-rallies-as-wedbush-analyst-raises-bull-case-target-to-1-000-11606131704 + +And he said he is now seeing ā€œa major inflection of EV demand globally, with expectations that EV vehicles ramp from the current 3% of total auto sales to 10% by 2025. + +ā€œWe believe this demand dynamic will disproportionately benefit the clear EV category leader Tesla over the next few years especially in the key China region which we believe could represent ~40% of its EV deliveries by 2022, given the current brisk pace of sales with 150K+ deliveries in its first year out of the gates with Giga 3,ā€ Ives wrote. + +Tesla is making new 52 week high everyday. Now people is trading on these ev momentum stocks. Tesla is the most stable one since it has multiple revenue streams. +I got a promotion at work. I went from waiting tables, to being a trainer while serving, to now being a key holding assistant manager. The hours suck and I have a lot of things about my new position donā€™t enjoy, such as working 50+ hours a week and being on a rotating schedule. But I get $16 an hour. Thatā€™s huge to me. Ever since I graduated college in 2010, Iā€™ve struggled and not even made it paycheck to paycheck. +Iā€™ve been in this new position for almost two months. I have a little over $2,000 in my daily account that Iā€™m using to pay my bills and my debts. Most importantly, I have my first emergency fund with $550. Itā€™s worth all the hard work Iā€™m putting in to make myself stable, for the first time ever. +Hello everyone, + +Y'all are awesome. + +First of all. thank you so much for all your comments for the last few days or so + +I cant possibly know if i read them all but I screenshotted some because they brought feels that were stronger than even seeing the purple circle for the first time. + + +I am safe and well, and I am taking a few days off over the xmas period to just unwind a little. + +Everything that i've been doing over the last 2 years hasnt stopped. + + +Just to let you all know - I am not going anywhere - I didnt just drop a significant amount of $ on a new rig just to completely go dark out of the blue. + +so if that happens - I will find a way to reach out and share my work. + +if for whatever reason you need to reach out - you can find my twitter handle on my site and many other things. there will be an email contact me page as well. + +I will make another post a bit later on with an update as to how things are going. + +Ape historian, +destroyer of free disk space and creator of apehistorian.com (more updates to that site to follow over the coming days, stay tuned) + +I would encourage yā€™all to submit posts to archive.is as per https://www.reddit.com/r/Superstonk/comments/zkqu4u/ape_historian_every_poster_should_be_doing_this/ +Lotā€™s of chatter going around inflation and how the dollar value is going down with all the money printing and the circulation supply. + +Some folks are saying how to hedge with BTC etc. + +A million dollar today in 2030 may be worth only $600k etc. + +So I am curious to know from folks on this sub, how are you guys hedging against inflation? +I'm not saying GME won't MOASS tomorrow, next week, next month, but these posts begging GME to hit only weakens your mindset and makes you desperate. Me and my wife are balls deep into GME, XXX to almost XXXX shares. Initially we were hoping for MOASS in January, then March, then September, then etc.... which only made us distrustful of the market/government. We believe the DD and we're planning on holding forever. + +I can't even remember all the posts in early March or May where people were leaving their jobs or getting laid off with no future plan, other than hoping for GME/movie stock to hit... I wonder where those people are now. + +But what allows us to hold without issue is the expectation that GME may hit in late 2022, 2023, etc. We don't feel let down every time a big date passes, it would be a nice surprise for sure, but our mindset is that GME is a growing company. We've taken care of our financials, slowly building up our shares over time. We still have savings and rainy day funds. The last thing we want to do is sell, so we handle our debt accordingly with no need to sell our shares. + +I'm not saying GME won't explode soon, but if you change your mindset for GME to be a longer term investment, then you'll be so much better off mentally. + +Don't live paycheck to paycheck (if life permits, I understand everyone's situation is different). But take care of your family and yourself first, then you can slowly and healthily load up on GME until the time comes. + +Happy Holidays everyone! + +Edit: So I can definitely see some misunderstanding from a handful of people and that's fair. A lot of you are correct, I am probably more financially secure than a handful of you, but that doesn't mean I'm wealthy. I'm working full time in the US Army. I worked my ass off to get here. + +I was working 2 jobs in college, scraping by on the dollar menu, and after getting my degree I was working in a job nowhere close to my bachelors and still crazy poor, my degree didn't open up my world like I had thought it would. I had a lot of student loans, and had to use credit cards to pay off debt. I said fuck it, and joined the US Army. I slowly worked my way through basic, OCS, BOLC, until I got promoted to a Captain. I was still doing Uber and whatever else I could scrounge up. + +So no, I wasn't given anything. Im 33 and I just recently found my way about life. Before 30, I was living paycheck to paycheck. I understand how hard it was and still is. Im still a financial slave like most of you, that's why I hold. I can take care of my wife and daughter, but not much beyond that. + +My point was for all you apes: + +Buy, hodl, DRS, but not at the cost of your own well being. BUY SHARES but don't ruin your health or your families because you'd rather buy GME. I still buy it every pay period, but if you set your mind straight, you will be more zen than anything. +I've been reading quite a bit about 2022 projections...conflict of rising interest rates vs. economic progress/reopenings. However, the recent volatility in the market has already probably priced in some of the interest hikes. + +Personally, I have some big purchases in about 2 years time that I do need cash for, so I'm debating whether I should pull out some of my riskier investments into a HISA or cash. What are people thinking about how to market will fare? What're your strategies to mitigate risk? Thanks! +Iā€™m 18 years old and thinking about investing some money because I constantly hear ā€œI wish I would have started investing earlierā€ or ā€œI wish I knew what I know now about stocks at your ageā€. I have been researching but that seems to have made me more confused. I just need some help to get started and any advice would be greatly appreciated. Thank you. +https://finance.yahoo.com/news/43-of-retail-investors-are-trading-with-leverage-survey-172744302.html + +>According to aĀ Yahoo Finance-Harris pollĀ published on Sept. 9, 33% of people holding stock indicated theyā€™ve been trading more since the pandemic began and a similar number said theyā€™re tradingĀ individualĀ stocks more, as opposed to ETFs and mutual funds. The poll surveyed more than 1,000 Americans, from Sept. 4 to Sept. 6. + +>On a similarly bullish note, 36% indicated theyā€™ve increased the amount of stock exposure in their portfolio. At the same time, just 16% and 17% own less stock and trade less stock, respectively. + +>Interestingly, respondents with household income less than $50,000 said they traded more frequently since the pandemic and had more stock exposure, even more than the $100,000 or more group. The middle tier of earners, with income between $50,000 and $100,000, were more conservative. +Back in 2018, Bitcoin gained a massive spike in value. Many people were FOMOing in at very high prices, even taking out loans to buy more Bitcoin (never do this; never EVER do this, not even for a thing as sure as GME; never ever in your life spend more money on investments than you have) and even more people had the thought: "I wish I had bought into this earlier, then I would be rich now!" + +It will be exactly the same during the GME squeeze. Some people will FOMO in when it's already too late. Everyone else who hears about it on the news will think: "I wish I had bought some shares earlier, I could have been rich! But now it's too late!" + +We're the people who bought in before it was too late. We can all look back afterwards and say: I was a part of it! You won't be among those who regret not seizing the opportunity when they had it. No matter how much you are hodling, be it X, XX, XXX, XXXX, or even XXXXX, you're part of it. We're all going to the moon together and it will be beautiful. +*Let's be honest here.* + +**Bitcoin is going to hit $700k very soon**. Just look at the chart, all the indicators say it: + +&#x200B; + +[See what i mean?](https://preview.redd.it/mf2hbywsfxn71.png?width=791&format=png&auto=webp&s=285a036001ef705fc8e37dcf20658219cca3cab1) + +Like, if you're too ignorant or too old to see this **Golden Apache Helicopter pattern** what are you doing? And this isn't even the only proof, just have a look at the maths: + +&#x200B; + +[Meths never lie](https://preview.redd.it/bvyoijnjlxn71.png?width=977&format=png&auto=webp&s=577a3ce61d840fe22a5f7748e1b10f58e5673a51) + +I got in early myself at $46k because someone on Discord gave me this info in return for my creditcard codes, who needs corrupt fiat anyways?? + +You don't need to thank me for giving you all this precious information. I just 125x leveraged my wife and dog so I'll make my gains.. + +Happy Green Dildo day and stay woke! +Firstly, I am not an American nor do I live in the US. I am a South Asian living in Europe as an immigrant. I thought I had it hard but I see this sub and it really changed my view of the Americans. I really feel the stress you guys are going through and I hope this will give you some kind of ideas or hope or help in any way. + +Again, since I don't live in the US, maybe some of these won't apply to your situation. But it may give you ideas for other countries. Most of what I will write was what I did to escape my poverty. + +If you want to leave the US and don't have family/dependants or any family attachments BUT moving will be costly - choose one of the lower expenses European Countries. For me, it was Estonia because of the less rigid visa process, I could afford the tuition and the costs (I worked 2 years to save those expenses). There was still an 80% chance of visa rejection because of my passport but I took the risk and it worked. Luckily, I also got a full tuition waiver to study. Please, look into the Baltics Or central Europe first because it may be easier. + +If you don't want to leave the US then I am sure you have done everything in your power to live every day. You have subbed everywhere and read up everything so there is nothing for me to add. You have done everything. I can only give you ideas based on what I know. + +A lot of online work seems so scammy and plainly exploits people and some are not even worth it to spend effort and time on. Appen and other shitty websites waste valuable time which you could be using to do something else. Some do get it, but most people's times are wasted on tests and shit. So I will not be repeating it. + +**If you are looking for Remote work, please do check out online jobs in Estonia which allow remote work and these are not freelance. They are salary based full-time work. Most jobs are on IT, Marketing, SEO, Sales and Social media advertising. Please try Glassdoor, Workinestonia.com, jobs advertised on FB and of course, LI. Employers are more responsive there, in my experience.** + +If you want to establish your business online, look into Estonian's E-residency, please. + +Also, cold email to smaller companies because I promise you, Baltic companies prefer Americans over people like me. https://startupestonia.ee/startup-database where you will find the list of companies. I got all of my jobs in Estonia by cold emailing. + +And please, give it time. My first job took 6 months to get and from then on, the time only shortened. Again, some of these may not apply to your situation but it may give you ideas on how to proceed. This is especially important for those who are frustrated and can't see a clearer path. Stress can cloud decision-making process and trust me, I know. + +Ask anything and I will try my best to answer. I will also list some websites for actual work - not shitty stuff like Appen (time-wasting POS). And here it is - https://docs.google.com/document/d/1apnbeEVc4jy-Et1s-S8ucB9jb6IvjqXKp2y393_bz1w/edit#heading=h.vz9wfcfqxck (This is not a magic list. The list is what I did and from where I got most responses, so feel free to use however you want.) + +Take advantage of your local Credit Unions! US actually gave me the idea to seek out one in Estonia (although I didn't find an exact CU, I did find something similar). + +This is for ladies, especially WOC. I found this and hopefully this group will help. They have good information and they will even offer help if you ask. Please try the. - https://www.facebook.com/groups/240248300402711/?ref=share + +And for the love of god! Do NOT join any MLMs! +[Link](https://www.news.com.au/finance/work/at-work/aussie-firm-dumps-95-grind-lets-staff-choose-their-own-work-hours/news-story/0762fe5f51f14c49d21605f9a88bb67f?utm_campaign=EditorialSB&utm_source=news.com.au&utm_medium=Facebook&utm_content=SocialBakers) + +It sound good until you realise that means you can be expected to work around the clock all day...every day... +So apparently Stan Lee released NFT collection from the dead. Stan Lee's twitter account has a tweet about an NFT collection. + +This was the tweet from Stan Lee's twitter account + +***From championing diversity to embracing new tech, Stan was 1 step ahead of the curve. To honor his innovative spirit, Stan's 1st Indian hero, Chakra The Invincible, debuts in his own NFT (digital art) collection from 7:30pm PT 12/27-12pm PT 12/29!*** + +The website is even worse + + **Honoring what would have been Stan Leeā€™s 99th birthday on December 28th, we are inviting all of Stanā€™s fans to celebrate his amazing legacy with us by sharing ownership** + +How is making money off him Honoring his legacy? + +I hate to see Stan Lee being used to shill something. I mean the person is dead , they just can't let the man rest in peace. Stan Lee was my idol when I was younger and seeing this company take advantage of his name and creations is heartbreaking. +Those of us who have been here since the beginning have seen FUD in all its many forms. Where that FUD used to seem threatening itā€™s now laughable. + +Because we all know our beliefs about GameStop are cemented. Theyā€™re built upon incontrovertible dd and upon the real transformation we see unfolding before our eyes. + +So while the FUD ratchets up and the shills seek to divide us, most of us are sitting back laughing at how pathetic they and their masters have become. + +They have nothing. Fuck ā€˜em. +Just a reminder to LTD Company directors that you can purchase 6 x Ā£50 (Ā£300 total) gift vouchers as trivial benefits, tax free. Make sure theyā€™re separate vouchers or it wonā€™t count. + +https://www.gov.uk/expenses-and-benefits-trivial-benefits + +Iā€™ll be buying Amazon as I spend plenty of cash there already. Enjoy! +Long time lurker here. I've been in crypto for the last 4 years. In 2017 I held all the way through the bull market and then sat and watched my portfolio shrink to nothing as I was convinced the bull run had not finished. + +Fortunately I was patient enough and endured the whole bear market and yesterday with the new ATH of ETH I was able to sell enough to pay off my mortgage and place an order for my dream sports car. + +I havent spoke on here much but I have lurked in the shadows from the start. Your posts and memes have got me through the bad times and helped me keep hold of my portfolio. Thank you to you all and I hope you are all in a similar situation! +Jack thineselves! + +All it takes is **Computershare** to have an "Input NFT wallet address here" on your account. + +That's it. *No one can stop it*. Those who sold what they did not own are ***FUCKED.*** + +" Melbourne 28 April 2016 Computershare (CPU: ASX) and SETL have today demonstrated Australiaā€™s first working blockchain capital markets solution at Computershareā€™s annual Investor and Analyst day. + +The two companies are also pleased to announce a joint initiative to establish securities ownership registers using blockchain technology. Computershare is the globeā€™s leading provider of share registrar and receiving agent services to issuers and plays a crucial role in maintaining accurate and complete records of securities including both dematerialized and certificated ownership. + +SETL is a firm dedicated to bringing blockchain technology to the post-trade environment and has developed its offering to provide financial-grade solutions ā€“ including identity, permissioning, smartcontracts and scalability. + +The joint initiative will focus initially on the Australian market and will examine the practicalities of establishing an **immutable register of securities ownership using blockchain technology.** Computershare will play the lead role in bringing together issuers, asset owners, brokers, regulators and market infrastructure providers to propose an open platform which meets the needs of all industry participants. SETL will provide its blockchain technology and expertise to establish a financial-grade solution for this initiative in Australia. + +ā€œ**Computershare is uniquely placed to appreciate how blockchain technology will be specifically applied in maintaining ownership registers.** *We are already the keeper of definitive legal ownership - the ā€˜Golden Recordā€™ - for our issuer clients and their stakeholders,ā€* stated Paul Conn, President of Global Capital Markets for Computershare. ā€œWe chose to work with SETL because they have demonstrable working technology coupled with a deep bench of financial services expertise and experience.ā€ + +Peter Randall, the CEO of SETL stated: ā€œWe are excited to be working with Computershare on this joint initiative. They have an unrivalled position in understanding the needs and requirements of issuers and owners alike. Their focus on client servicing and their understanding of the lifecycle of securities issuance and ownership makes them natural leaders in this field.ā€ + +The initial phase will engage a broad group of participants and will be used to build on SETLā€™s existing working prototype for transferring ownership of securities. The result is expected to be an open platform which can meet a variety of needs including those of issuers, owners, brokers, custodians, regulators, market infrastructure providers and registrars. " + +Sauce ; [https://www.computershare.com/News/Computershare%20and%20SETL%20demonstrate%20Australia's%20first%20working%20blockchain%20solution.pdf#search=blockchain](https://www.computershare.com/News/Computershare%20and%20SETL%20demonstrate%20Australia's%20first%20working%20blockchain%20solution.pdf#search=blockchain) + +Reading into SETL, it seems like they just tested their real-life integration...this October. And in February with participants such as Citibank. + +&#x200B; + +**TL;DR** The SETL system is going to tie blockchain, CBDC and financial assets into one system and Computershare has been working on it for years...if my smooth brain is processing this correctly. + +Anyone have more recent updates on Computershare's blockchain aspirations? Have they been flying in stealth mode? Set your tits to **JACKED.** + +&#x200B; + +Homework - SETL's website [https://setl.io/](https://setl.io/) + +&#x200B; + +Also - SETL = Settle. Lmao! For the smoothies in the back. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +To cut a long story short. I want to buy my financially crippled parents a home in Poland. I myself live in the Netherlands. I can get a mortgage but only in Netherlands and only if I buy-to-reside. I've been trying to search for answers how I can make this work, but I face many uncertainties: + +* Getting a mortgage in Poland with a Polish bank is impossible with my EURO salary. +* Polish banks require me to put my salary for 6 months in their banks to prove that I have income, which makes sense for the banks, but no sense for me. +* Dutch banks do not let me get a mortgage for a property in another country. +* Getting an expensive non-mortgage loan seems risky. + +Additional context: I have no mortgage myself, I am a Polish national. The property were looking to buy is fairly cheap, I can pay 50% of the value in cash already. The mortgage loan would be in the range of ā‚¬50-70k, and my parents would help me amortize the monthly costs with their retirement returns. + +How do all these other people buy vacation homes left and right without any issues, but getting a mortgage loan in my specific instance seems near impossible. Any thoughts or ideas? Thanks +My wife and I have found ourselves in a situation where our best option is to move into our investment property as soon as we can. The lease (which was already in place when we bought the property) goes through August. We recently sold our primary residence and were going to move to SC near our property and buy a new primary residence, but with interest rates getting so high, we decided we were going to move into our rental since we already have a locked interest rate on it. + +We were totally fine waiting for the lease to end while we stayed with my mom for a bit, but we just found out that we're pregnant again (we already have 8 month twin boys) and don't want to have our baby in this current situation. + +I really don't want to put the tenant out. He's a single dad of 2 daughters and from what I can tell, his rent is a pretty good deal right now that he may not be able to replace. I was thinking of offering him $10K to move out by the end of January, but I don't want him to feel pressured or forced either. What are your thoughts? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I will soon have about $100K sitting in my savings account, and I'm having a hard time deciding what to do with it. I'm almost 40. No kids, no mortgage, no car payment, no debt of any kind. My TFSA is maxed and excludes the aforementioned money. My RRSP is practically empty and will have enough contribution room at the start of next year to accommodate the full $100K. I know the popular advice is to max the RRSP, save for a house, save for retirement, etc.. The thing isā€¦ + +I want to live life *now*, while I'm still able to, not when or if I make it to retirement. Neither of my parents made it. We all hope to live a long and healthy life, but the reality is that many of us won't. This isn't something that gets talked about much on here, or maybe in general. + +On one hand, I want to put all the cash into my RRSP and buy one or two ETFs like XEQT. On the other, I want to hold on to the cash and wait for a good opportunity to go all-in on some life changing growth potential. I realize this is highly risky, but so is life. There have been at least two opportunities in the past that I was *very* confident of but didn't have cash. I was right about both. + +Remember, the *only* absolute guarantee in life is death. It's coming for us all, and we can't take anything with us but the experiences we have in life. There is much I want to experience. + +What would you do in my place? + +Edit: I did not expect this to gain as much traction as it has. Thank you all for participating in the discussion! +'Big Short' investor Michael Burry sold all but one of his stocks last quarter ā€” after warning an epic market crash is coming + +[https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-scion-q2-stock-portfolio-market-crash-2022-8) +Okay we all have heard this time and time again and unfortunately i have been the victim of this too many times (most recently CCIV). + +Okay so let me spit ball here. The market moved how it wants and does what it wants in my opinion. Most of the time i feel we are chasing the market trying to catch up with it to make gains. + +Over time ive learned for the biggest gains you have to think outside the box and basically go against what everyone is saying. 99% of the time everyone's like Cramer said by XYZ so i sold XYZ and bought ABC and made a huge return... so now people are claiming bail out of big tech. Tech is over. Run and buy value stocks like JPM. But why? Cramer and everyone else is telling you sell your tech and that you need to buy value and reopening trades (most of which are already recovered). So why now listen? Why sell all your value stocks with unlimited potential for a value stock that probably isnt gonna return much. + +If we follow the buy the rumor sell the news... shouldn't we be selling value and buying tech? + +Most of us probably hold a large tech portion and guess what its for good reason... why not just average down while you can? This is my evidence of how big tech is gonna sling shot back quickly and hard once all this BS is over (granted might be a few months who knows). + +Take Square... January 27th $203 --> February 19th $268 --> February 25th $227 (first big dip) --> March 2nd $252 (first false recovery) --> March 4th $217 (today). + +So look at that movement. Hit close to all time high fell and then did a massive recovery in less than a week. Now dropped again. By this premise why not keep these positions and average down? If you take January 27th to today you are actually up $14... + +Look at things like qqq and voo they are hitting at or below there 100 day EMA (AKA Huge sale) + +For me im keeping my positions and averaging down. I dont have a crystal ball but i definitely will be averaging down and i for see at least a week or two maybe even a month before then fully recover and start trending up. So where do you wanna be? Sold and trying to time the bottom? Or holding averaging down and making money on way up? + +Positions- ROKU, PYPL, SMH, SQ, DIS, ABNB, Z, PLTR, OPEN, BETZ, SUBZ, ARKQ/W/K/F/G, TDOC, APPLE, CRSP, PRNT, NVTA, PACB, QQQJ. +Hi everyone , + +I wanted to have an open discussion on whether you think cryptocurrency is basically gambling as there is a risk just like any stocks or market that you put your money into. + +Weā€™ve heard over the past year especially that one should invest into crypto as itā€™s a way of helping your finances in the long run. + +Please feel feee to share your opinion on this. + +Thanks for your time. +I am 20 years old international student. I currently get around 1200$ every month for scholarship and I have to start renting apartment starting from this summer. I have two options right now. First one is a really nice apartment that has a separated toilet, built in 2014, nice furnished kitchen, and overall very nice clean looking apartment that costs around 700$ including utilities. Second option is older from the 1990s, very small bathroom, and small oldish kitchen for around 450$-500$ with utilities included. Even though the first apartment is out of my budget my dad said he is going to help me with half of my rent and my mind is really set on this one. But my mom says that I should rent the cheaper one since renting is basically financing another person and told me to save money. I am really conflicted right now because I really like the first apartment but I also agree with her because I wanna save as much money as possible and continue not to depend on my parents. I would love to hear about your opinions. Thank you. + +Edit: I am currently studying in Japan so I think some of the details might differ +&#x200B; + +|Account Name|2018 Dividends|2019 Dividends|2020 Dividends thru Q3|2020 Projected Dividends Total (Conservative)| +|:-|:-|:-|:-|:-| +|Traditional 401K|$877.41|$1,147.83|$692.04|$1,400.00| +|Roth IRA|$217.67|$360.64|$662.99|$900.00| +|Dividend Portfolio Taxable|$5.54|$36.15|$87.64|$120.00| +|Rental Down Payment Taxable|$33.76|$64.30|$57.92|$75.00| +|Fundrise Account|$11.79|$78.08|$42.62|$57.00| +|Total|$1,146.17|$1,687.00|$1,543.21|$2,552.00| + +I'm posting this for community encouragement. For new investors, it can feel like progress takes forever. + +Age 28M. Been investing since summer 2015. It's sort of blowing my mind seeing this passive cash flow. Lot of upfront work. Worth it! + +I started tracking dividends in 2018. + +My investments total around $120,000. I imagine my total yield is around 2%. + +My 2020 Projected Dividends Total is if I stopped contributing to everything but my 401K. + +My 401K dividends are top heavy in Q4. I'm forecasting $771 in Q4 dividends (401K holdings: FXAIX 80%, FSMDX 10% FSSNX 10%). + +In 2020, I stopped contributing to my Rental Down Payment Taxable and Fundrise Account to focus on my Dividend Portfolio Taxable. + +My Dividend Portfolio Taxable is 25 individual stocks, fairly equally weighted. 8 stocks for each quarter and 1 monthly payer. + +AAPL, ABBV, ACN, AFL, BAC, CMCSA, COST, FRT, GD, GPC, JNJ, JPM, LOW, MA, MMM, MO, MSFT, NKE, O, ROP, SPGI, STOR, T, TSN, V. + +Its AVG yield is 2.9%, AVG Payout Ratio is 46%, AVG 5 year growth rate is 12%, AVG years of continued dividend growth is 25 years. + +I'll update my final 2020 total in January. + +2021 goal: AVG $250/month in dividends. Best to everyone, especially the beginners. +> "We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis," Needham analyst Laura Martin says. + +> Martin sees several ways spinning off YouTube would create value for the company. + +> If YouTube becomes a $300 billion standalone company, it would rank as one of the 15 biggest companies in the S&P 500. + +https://www.cnbc.com/2019/10/29/analyst-alphabet-should-spin-off-youtube-would-be-worth-300-billion.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Iā€™ve found this sub incredibly helpful and motivating. Problem is that it makes me despise my corporate role so much more. Brain washed corporate zombies. Corporate culture handbooks. Dedication awards. Fake executives. Bullshit project plans. Budgets wasted. Iā€™m struggling with playing the game with 8 years left to FI. Middle management pays well but really stinks. How do you handle the game of corporate survivor? + +Edit: donā€™t want to seem as if I have no great people around me. My team has the highest engagement and feedback scores in the company. I love my team, but hate the executive roadshow. Our finance and accounting team is a very nice group too. Not overly political. But many others are. I donā€™t think Iā€™m meant for big company politics, but learning to cope through stoic and mindfulness practices. +&#x200B; + +https://preview.redd.it/fj2bu27zd3091.png?width=962&format=png&auto=webp&s=b9cc0bb01b3e26575b24f22351fe2e230dbc1572 + +**TL;DR: This author's draft for a law journal seems to argue total return swaps are illegal af and secretly skirting Regulation T rules (the max margin allowed, up to 50% of the securities borrowed) and if this is the case then both Archegos AND prime brokers can officially get sued into the fucking ground for breaking the law/Reg T rules.Also looks like the author brainstorms a gameplay where Bill Hwang walks into court and tries to counterfuck the prime brokers claiming this clause called "in pari delicto" meaning they're just as guilty for his fuckup** + +&#x200B; + +[but also Superstonk interest](https://preview.redd.it/gdlh8l1zv2091.png?width=795&format=png&auto=webp&s=1853a1b9282dc889751dd12560b37b0c396d14a8) + +For the culture: [https://www.reuters.com/business/rise-fall-bill-hwangs-house-cards-2022-04-28/](https://www.reuters.com/business/rise-fall-bill-hwangs-house-cards-2022-04-28/) + +Forgot how I got here, but knowing all the Archegos/Bill Hwang shit just dropping, thought this was relevant + +[https://deliverypdf.ssrn.com/delivery.php?ID=020102027024077105127119064090019014122017071012062030101001071122113066067005126029056029020062102033001068103029095121125114015072091036076105095003003018073090029065064126011001069064003110120106115074111111107101075000101089068127065095023067003&EXT=pdf&INDEX=TRUE](https://deliverypdf.ssrn.com/delivery.php?ID=020102027024077105127119064090019014122017071012062030101001071122113066067005126029056029020062102033001068103029095121125114015072091036076105095003003018073090029065064126011001069064003110120106115074111111107101075000101089068127065095023067003&EXT=pdf&INDEX=TRUE) + +&#x200B; + +[St. Mary's University School of Law, where the paper is from](https://preview.redd.it/odz83ab643091.png?width=299&format=png&auto=webp&s=21fc59e839187452178a6e32b94f8de7a9f54a38) + +# Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions + +# Colin P. Marks + +*Abstract:* + +Archegos Capital Management, at its height, had $20 billion in assets. + +&#x200B; + +https://preview.redd.it/o56z5ntc43091.png?width=1280&format=png&auto=webp&s=63987fc78de3645b9bd11ee67568a2aba59ed475 + +&#x200B; + +**But in the spring of2021, in part through its use of total return swaps, Archegos sparked a $30 billion dollar sell-off that left many of the worldā€™s largest banks footing the bill.** Mitsubishi UFJ Group estimated a loss of $300 million; UBS, Switzerlandā€™s biggest bank, lost $861 million; Morgan Stanley lost $911 million; Japanā€™s Nomura, lost $2.85 billion; but the biggest hit came to Credit Suisse Group AG which lost $5.5 billion. **Archegos, itself lost $20 billion over two days.** + +https://preview.redd.it/x3b0vvka43091.png?width=600&format=png&auto=webp&s=cf3dedfcf5da8757ecd2bd2edf7e42e080cb1a0c + +&#x200B; + +**These losses were made possible due to the unique characteristics of total return swaps and Archegosā€™ formation as a family office, both of which permitted Archegos to skirt trading regulations and reporting requirements**. Archegos essentially purchased beneficial ownership in large amounts of stocks, particularly ViacomCBS Inc. and Discovery Inc., on credit. + +&#x200B; + +https://preview.redd.it/sbmpl8r363091.png?width=859&format=png&auto=webp&s=b091c9db54372e243a74143f2b4556808440a667 + +**Under Regulation T of the Federal Reserve Board, up to 50 percent of the purchase price of securities can be borrowed on margin. However, to avoid these rules, Archegos instead entered into total return swaps with the banks whereby the bank is the actual owner of the stock, but Archegos would bear the risk of loss should the price of the stock fall and reap the benefits if the stock were to go up or were to make a distribution.** Archegos would still pay the transaction fees, but the device permitted Archegos to buy massive amounts of stock without having the initial margin requirements, thus making Archegos heavily leveraged. + +https://preview.redd.it/j7jl29o163091.png?width=700&format=png&auto=webp&s=ca761cc36a541d60b07ea892ac3b78edabf93bed + +&#x200B; + +**This article argues that the total return swap contracts are analogous to and should be re-characterized as what they really are ā€“ disguised secured transactions. Essentially the banks are lending money to enable the Archegoses of the world to buy stocks, and are simply retaining a security interest in the stocks. Such a re-characterization should place such transactions back into Regulation T and the margin limits. But re- characterization also offers another contract law approach that is more draconian.** + +&#x200B; + +# If the structure of the contract violates a regulation, then total return swaps could be declared void as against public policy. This raises the specter that a court could apply the doctrine of in pari delicto and leave the parties where they found them in any subsequent suits to recover outstanding debts. + +&#x200B; + +&#x200B; + +[when keepin it real goes wrong](https://preview.redd.it/lluby64m63091.png?width=326&format=png&auto=webp&s=1fd16409e78ef699a72ae549fc32addef510d849) + +ELI5: seems like author saying that the total return swaps that Archegos is running into and others are illegal af and secretly illegal against Reg T and margin limits, meaning they need to shut that shit down and sue the ever loving fuck out of them once they got margin called into the fucking floor + +\---- + +As a quick rundown + +**"Disguised secured transactions":** + +>In lease or consignment cases, courts rarely discuss the rights-in- collateral issue. Usually, the party claiming to be the true "owner" of the collateral-i.e., the lessor or consignor-and the secured party of the lessee or consignee assert competing claims. The courts do not ask whether the debtor has "rights" in the leased or consigned property sufficient for attachment. Instead they examine whether the lease or consignment is a "true" one or one designed for security purposes (sometimes called a disguised security transaction). +> +>**ELI5: anyone??** +> +>\*\*(\*\*Per North Carolina Law Review: [https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=3593&context=nclr](https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=3593&context=nclr)) + +&#x200B; + +https://preview.redd.it/npcy0nlw53091.png?width=468&format=png&auto=webp&s=e84643bc0b676c6a7973faee12413afbe9d9b3b4 + +**"In Pari Delicto":** + +>**A Latin phrase commonly used in tort and contract law which means ā€œin equal fault.ā€ This is doctrine states that there is a bar to a plaintiffā€™s recovery of damages for a wrong the plaintiff participated in and serves as an equitable defense. Courts are therefore reluctant to award relief to plaintiffs who have unclean hands.** In pari delicto is similar to but distinct from the related concepts of contributory negligence and comparative negligence. +> +>**ELI5: Bill Hwang/Archegos AND prime brokers (Morgan, Goldman, Credit Suisse, etc.) all guilty af** + +(Per Cornell Law: [https://www.law.cornell.edu/wex/in\_pari\_delicto](https://www.law.cornell.edu/wex/in_pari_delicto)) + +&#x200B; + +[please explain like Im a 3 year old golden retriever](https://preview.redd.it/de3pmnj5f3091.png?width=480&format=png&auto=webp&s=01a925ae055e31e18ab9096335772f1a1bb74652) + +# EDIT 6 from my comments: here's the in pari delicto part where author talks about how Archegos could use the "in pari delicto" part in court + +>**Assume that Archegos had remaining assets and Credit Suisse sued to recoup its $5.5 billion loss. In court Archegos could raise** ***in pari delicto*** **to avoid liability**. +> +>Analyzing under the first prong of *Bateman Eichler*, as a direct result of its own actions, did Credit Suisse bear at least substantially equal responsibility for the violations it seeks to redress, the answer would appear to be yes. **Archegos could not force a bank to enter into such a transaction.** Essentially Credit Suisse enabled Archegos to skirt the margin rules by agreeing to stake positions on the stocks and look to Archegos to cover any shortfall. + +&#x200B; + +https://preview.redd.it/y4n56ezcf3091.png?width=197&format=png&auto=webp&s=6f9516313c9e80070f1ae4a8f4053ec918a3f7b6 + +>Th**en, turning to the second prong, would preclusion of Credit Suisseā€™s suit significantly interfere with the effective enforcement of the securities laws and protection of the investing public? The answer here appears to be it would not ā€”indeed it could be argued that it would further the effective enforcement of the securities laws**. Regulation T is said to exist for both the protection of investors from getting in over their heads on thinly marginalized stock and also to promote stability in the markets. By using TRS contracts to avoid the limitations imposed under Regulation T, Archegos triggered the very type of cascading event Regulation T was designed to avoid. +> +>**Avoiding the TRS contracts and applying** ***in pari delicto*** **would act as a serious disincentive for future banks to design transactions to avoid the limitations of Regulation T. This would be in keeping with the twin premises annunciated by the** ***Bateman Eichler*** **Court that underpin** ***in pari delicto***\*\*: ā€œcourts should not lend their good offices to mediating disputes among wrongdoers;ā€ and 2) ā€œthat denying judicial relief to an admitted wrongdoer is an effective means of deterring illegality.ā€..\*\* + +&#x200B; + +https://preview.redd.it/ze5796pyd3091.png?width=962&format=png&auto=webp&s=b1445fb9b2438c18a1c4323007f5428fbf5dcdee + +>**When the TRS contract is used as a device to simply skirt existing securities regulations, application of** ***in pari delicto*** **should be available.** + +**EDIT 7 (?):** After hearing some say this makes more sense as DD, I'll change it think to Possible DD vs Discussion/Question flair. Mods can def ask me to change or justify it as needed! +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. +Anyone did invest in an African country specifically north Africa like Morocco, as a foreigner, who would like to share their experience and stuff? + +Edit: for context + +well i see a lot of foreigners invest in Morocco, and as my family is a big investor in real estate, i was thinking why can't i open a business for foreigners to feel safer when investing, something like from-investor-to-investor, not like real estate agents or something... something that is going to go all through real companies not individuals, it's still an idea and because it involves foreigners i have no idea how to start working on it, like what would the market research be ... +# $SAFEELON + +SafeElon is a **revolutionary** deflationary ERC-20 token aiming to tackle an issue that many cryptocurrencies fail to address. Considering cryptocurrency leaves a sizeable carbon footprint, we at SafeElon aim to **reduce carbon emissions** by implementing our **EV wallet**. SafeElonā€™s purpose is to give back to the **environment** and the investor. + + +# What are the tokenomics? + +### Total Supply + +There will be 400 million tokens in circulation once launched. Liquidity locked upon launch! + + +### Redistribution + +Every transaction will have a 1% redistribution to holders. Let your money work for you! + + +### EV Wallet + +3% of every transaction goes towards our EV wallet. **Our EV wallet promotes triple bottom line thinking**; people, profit, and the planet. Funds will be used to purchase **Teslas** and charging stations to promote a more environmentally conscious yet sustainable society. + + +### Burn Rate + +1% of every transaction will be burned! + + +# IF YOU HOLD 5000 TOKENS YOU QUALIFY TO WIN A TESLA, THIS IS A MOONSHOT WITH MASSIVE POTENTIAL, AND YOU ARE STILL EARLY + + + + +Website: https://safeelon.xyz/ + +LOCKED LIQUIDITY: [https://unicrypt.network/amm/uni/pair/0x5d6fbdc0552c004f6589c9e04ea973404eac09c3](https://unicrypt.network/amm/uni/pair/0x5d6fbdc0552c004f6589c9e04ea973404eac09c3) + +SOLIDITY.FINANCE AUDIT: [https://solidity.finance/audits/SafeElon/](https://solidity.finance/audits/SafeElon/) + + +SOCIAL LINKS + + + + +āš”ļøTg Group: https://t.me/SafeElonUni + +āš”ļøChannel: https://t.me/safeelonannouncements + +āš”ļøTwitter: https://twitter.com/SafeElonUni + +āš”ļøDiscord: https://discord.com/invite/SafeElon + +āš”ļøInstagram: https://www.instagram.com/safeelon +In the last year or so Iā€™ve started thinking about FIRE and how I could get there. + +Then 3 months ago I had a baby. My parental leave is about to end and Iā€™m realizing that NOW is when I donā€™t want to work. I want to spend all my time with the baby while sheā€™s young. If I keep working, maybe I could retire early in 15 years, but the time thereafter wonā€™t be as valuable to me (pretty sure 15 year olds donā€™t want to hang out with their parents anymore). + +I could decide to spend all my savings to take the next 3 years off work (before baby goes to preschool). But Iā€™d probably struggle to get back in the game at the same level, what with ageism and the stigma against resume gaps. And even if I could, Iā€™d have to work more years total before reaching FI. + +I donā€™t think thereā€™s a good solution (well, Iā€™m privileged to even have these two options, but you know what I mean), but am curious to hear if others have thought about this. + + +(One theoretical idea: Companies could take advantage of the situation - offer someone a specific job that theyā€™ll start in 3 years. In exchange, the employee commits to working for the company for at least x amount afterwards (or some financial arrangement). Of course this can only work for very well established employers who can plan on that time horizon and need large workforces, but it is potentially valuable for attracting good talent. ) +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! + +The great BRN banoff has been announced. [New members, Go to the normal Newbie post, Stuff is going down, stand back you may lose an eye.](https://www.reddit.com/r/ASX_Bets/comments/iqpmfe/welcome_to_rasx_bets/) + +&#x200B; + +Where is the mic? + +**TODAY, THE GREAT BRN BAN OOOOOFFFFF. TWO FOES, HEAD TO HEAD ON IF BRAINCHIP IS A BRAINFART OR AN INDICATION THAT IT'S WHAT A TIME TO BE ALIVE!** + +IN THE GREEN CORNER. THE BUTTERY GOODNESS THEMSELVES + +/u/Melvin_butters and [u/IReplyToCunts](https://www.reddit.com/u/IReplyToCunts/) [WILL TAKE A 1 YEAR BAN IF BRN IS RED ON MONDAY](https://www.reddit.com/r/ASX_Bets/comments/irtpm4/i_would_like_a_1_year_ban_if_brn_isnt_red_monday/g52e1v1?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +IN THE RED CORNER, AN ENIGMA, ALMOST CERTAINLY ALT ACCOUNTS. + +/u/fERNAL2020 [WILL TAKE A 1 YEAR BAN IF BRN IS GREEN ON MONDAY](https://www.reddit.com/r/ASX_Bets/comments/irtpm4/i_would_like_a_1_year_ban_if_brn_isnt_red_monday/) + +/u/ShroudFrontpage [WILL TAKE TWO YEARS BAN IF BRN IS GREEN ON MONDAY](https://www.reddit.com/r/ASX_Bets/comments/irtpm4/i_would_like_a_1_year_ban_if_brn_isnt_red_monday/g52nzj3?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +NOW ONTO THE SLIGHTLY LESS EXTREME.... Ok, now take away the mic. It smelt weird anyway, where did you get it from? Plucky? Oh damn + +[The following will be completed in a 1 month ban if BRN is Red on monday..](https://www.reddit.com/r/ASX_Bets/comments/ir9fzf/predictions_for_brainchip_monday/g4wygiq/?context=3) + +[u/Jbent09](https://www.reddit.com/u/Jbent09/) [u/ricklepicklemydickle](https://www.reddit.com/u/ricklepicklemydickle/) [u/zeeb0t](https://www.reddit.com/u/zeeb0t/) [u/Vulpes-corsac](https://www.reddit.com/u/Vulpes-corsac/) [u/dopamine\_seeker](https://www.reddit.com/u/dopamine_seeker/) [u/Scallion\_Parking](https://www.reddit.com/u/Scallion_Parking/)[u/basstwomouth](https://www.reddit.com/u/basstwomouth/) [u/Nig\_Pig](https://www.reddit.com/u/Nig_Pig/)[u/notClimax](https://www.reddit.com/u/notClimax/) [u/San\_Marzano](https://www.reddit.com/u/San_Marzano/) [u/jexonoc](https://www.reddit.com/u/jexonoc/) [u/squireller](https://www.reddit.com/u/squireller/)(Also into some Transhuman shit) [u/lilpump006](https://www.reddit.com/u/lilpump006/) [u/Lifeofgordi](https://www.reddit.com/u/Lifeofgordi/) [u/nCLOL](https://www.reddit.com/u/nCLOL/) [u/slutinabutt](https://www.reddit.com/u/slutinabutt/) /u/[Fuckkefir](https://www.reddit.com/user/Fuckkefir) Will invest their current losses (i.e sell it all) into BRN + +7 day ban for u/seanoverexcited [if Red](https://www.reddit.com/r/ASX_Bets/comments/irv64z/i_like_to_risk_my_money_not_my_place_here/) + +&#x200B; + +On the bear side + +[u/MorningstarPremium](https://www.reddit.com/u/MorningstarPremium/) (If close is below 71c) + +[u/Muffin80r](https://www.reddit.com/u/Muffin80r/)(For close above .65) [u/AllIn1saltandpepper](https://www.reddit.com/u/AllIn1saltandpepper/) (for a Close over .7c) + +&#x200B; + +A massive thanks to our newest Mod /u/username-taken82 who was expecting things to go slow. But in the first weekend ended up keeping track of dozens of you idiots. + +&#x200B; + +**On DXB** + +[mechengguy93](https://www.reddit.com/user/mechengguy93/) [has said that if the next DXB announcement leads to a move red, then they will eat their hat](https://www.reddit.com/r/ASX_Bets/comments/irucqm/daily_thread_for_general_trading_and_plans_for/g52ix86?utm_source=share&utm_medium=web2x&context=3). [We follow Herzog rules here](https://en.wikipedia.org/wiki/Werner_Herzog_Eats_His_Shoe), so metal and hard items will not be consumed. Leather, cloth and similar will be. + +**Existing Bans (remember them)** + +[/u/Jamesr43](https://www.reddit.com/u/Jamesr43/) [has said they will shave all the hair off their body and eat a golfball sized hairball if BYE does not hit 40c (a rise of around 30%) within 30 days (which is the 8th of October 2020)](https://old.reddit.com/r/ASX_Bets/comments/ior2qe/if_byron_energy_asxbye_doesnt_reach_40_cents/). This is assumed to be part of some sort of sick fetish. So it will fit right in here. + +[/u/alimessimourad](https://www.reddit.com/u/alimessimourad/) [said the Sezzla will be at $13 by Christmas, or they will run naked around the Opera house on New Years Eve.](https://www.reddit.com/r/ASX_Bets/comments/iik6o6/sezzle/) + +&#x200B; + +THE RULE 4 QUESTION. + +There has obviously been a lot of problems with Rule 4 lately, as there is whenever something takes over the sub. A poll has been done for the megathread, which the mods were already in the planning of. Also, note that GAINS or COWARD GAINS are allowed anyway, since if you've got actual money in the game, at least you might lose it. + +&#x200B; + +Some changes are happening no matter what: + +Shitposts may only be one per stock per user per day. That means someone may not make repeat shitposts about one share as a way to get around the rules. + +Tomorrow (the 14th) is getting a BRN megathread. Even if the poll ends up the other way. Major GAINS or LOSSES (you must sell) are allowed outside that thread. One user made a post before the great ban off and will be allowed to go coward gains or losses, but other than them, none will be allowed. + +&#x200B; + +1. When posting gets out of hand, a megathread will be created. Only mods may make a megathread. All other posts on that share will be deleted from that point. Memes included. Gains and coward gains must be over $2k (as in gains, not capital) to be posted outside the thread. +2. increase the Rule 4 limit from 1 posts to 5, but after that, mods enforce the limit aggressively. They also begin culling related Shitposts if they are not original/funny (mods discretion). +3. The current system works. When a BRN is on the run, it's a run. Floods lift all boats. +4. Just more aggressively enforce rule 4. I doubt new DD will be created more than once per day. They can post it in the existing thread for a share, or in the daily thread. Gains are allowed anyway, let them prove that are in deep. + +[View Poll](https://www.reddit.com/poll/irvrtc) +Has anyone else noticed how the advice on these subs has changed in the last year or so, regarding investing vs debt. It seems that a year ago everybody was quoting the trinity study and saying only pay off debt over 6% or whatever. Now that the market is in correction, most people have suddenly become a Dave Ramsey ā€œpay off debt firstā€ advocate. Itā€™s just interesting to see real risk tolerance in action. +[[10+ year chart image](https://imgur.com/Pf4qj8e)] + +* 2008 - $15 K +* 2010 - $55 K +* 2012 - $170 K +* 2014 - $250 K +* 2016 - $540 K +* 2018 - $730 K +* Current - $930 K + +I graduated college in late 2008 and had a small amount of investments from working before then. My salary ($55K - $75K) has never been particularly high, so FIRE was always an attractive long-term solution for me. I saved aggressively from the very start (~50-80%) of take-home salary and already had FIRE in mind since way before the FIRE movement became popular. + +It wasn't too hard to hit those savings numbers since I either bummed at home with parents (very HCOL area, I only paid enough rent to cover the food + entertainment) or stayed with girlfriends for over **half** of those years. My parents didn't mind my staying at home due to their culture. + +Considering that I've only made roughly $450K post-tax from work over the past 10 years, I'm pretty happy with how much I've saved up. I don't have any side jobs or blogs for supplemental income, so everything's coming from my work and investments. + +I also wanted to mention that I really admire my parents for how well they've done despite their lack of upbringing. Neither of my parents went to middle or high school due to growing up during a civil revolution. They also got separated from their families during childhood and had to work as identured servants for 5-10 years of their lives. That really toughened them up mentally. They did eventually study hard enough to get into college and have been working STEM jobs. There's no way I would've gotten this far with having a privileged (and somewhat draconian) childhood due to them. I don't make anywhere near what they make, but I've always valued the freedom of my work. + +**Chart info**: + +Net worth: I started tracking my net worth in 2014 with Personal Capital + +Taxable accounts: Individual investments (mostly VTI and similar ETFs), Fundrise + +Retirement accounts: Roth IRA, Trad IRA, 401K--all invested in total-market ETFs/funds + +Properties: I've owned 2 houses, though not at the same time. This is the estimated value minus the mortgage. + +---- + +**Edit 1**: This is clarification about living with my parents. I actually paid $1K/mo rent for a couple of years, but then my parents gave it back to me in 2010 and 2011 so that I could grow my own investments (hence the sudden investment increases during those years). They didn't want the money. Part of the reason they wanted to spend so much time with me is to make up for leaving me at home alone most of childhood so they could work long hours. Living with them was a way to let them make up for lost time. Also, it's a cultural thing. Traditional Asian families usually don't mind living multiple generations under the same roof. + +Thus, I just treat my finances as if I never paid rent. + +In any case, I moved out when I owned my own houses. + +As for staying at girlfriends' places, I just mean that I would stay over that their place on nights & weekends when we wanted to spend time together. That gave me enough breaks away from my parents. When I had my own place, they would stay at my place too. + +**Edit 2**: Not married. No kids (yet). Eventually. +My rental property is a brand new home located in an ā€œAā€ neighborhood and rents for $2,400/month. Is it reasonable to require rental applicants to have a minimum credit score of 700? Or should I lower that to 650? +My rental property is a brand new home located in an ā€œAā€ neighborhood and rents for $2,400/month. Is it reasonable to require rental applicants to have a minimum credit score of 700? Or should I lower that to 650? +Drove by a for sale by owner sign on some land the other day up in the mountains of NC. I checked out some of the property and the forest is very thick. Called the guy up and he informed me itā€™s 41 acres at $8k per acre but heā€™s negotiable. + +So seller is wanting around $320k. He also informed me that he was quoted around $20 per ton from a local mill to harvest the timber. He said heā€™s just too busy to deal with all of that and the land has been in his family for multi generations and wants to get rid of it. + +Anybody ever harvested timber? I wouldnā€™t want to clear cut, as Iā€™m kind of a tree hugger. But even if the 41 acres was thinned it seems like thereā€™s potential multiple hundreds of thousands of dollars in timber sitting there. Seems like a too good to be true scenario as it could potentially make all my money back plus some. + +What am I missing? Has anyone harvested land and if so how much can one expect? Are my numbers off? + +TL;DR: 41 Acres for $320k. Can potentially make all that money back if I harvest the timber on the land. Has anyone done this before? +Iā€™ve started trading 5-6 years ago and Iā€™ve always used price action and indicators. My friend started a year later and discovered ICT. Iā€™m far more profitable than him yet he canā€™t stop telling me Iā€™m wasting my time with indicators. I see it indi haters on twitter a lot as well +Is anybody interested in small group, facilitated mentorship? + +&#x200B; + +I run the tech at a prop firm, and my day to day includes moderating strategy development between our programmers and traders, so this would be similar -- except remote. I recently got approval to reach out to the community to build up a small group for idea generation purposes ("innovation by teaching"), so that's what I'm ultimately hoping to get out of this experiment + +&#x200B; + +There's a lot of noise on this sub, and I believe it is due to three reasons, which I'll detail below: + +&#x200B; + +1. The posters and commenters are speaking at completely different levels of complexity, breaking the upvote visibility algorithm +2. The contributors do not provide "opinionated" advice, because of workflow differences +3. There is not a globally accepted method for posters to refer to their skill level, and commenters assume the poster is one-level lower than where they are at + +&#x200B; + +**#1: Most advice on this sub is well-meaning, but is often at the wrong level of complexity** + +&#x200B; + +For example, I'd often see expert advice downvoted and my first thought is that it's competition wanting to keep things hidden, but I've realized that it's simply at the wrong level of complexity for the discussion. This leads to the experts staying quiet, and and the noise drowning out the signal. (I have a hard time finding you guys!) + +&#x200B; + +**#2: Opinionated advice is not given, due to the workflow-specific methods** + +&#x200B; + +Non-traders have not seen what an end-to-end quant framework looks like, and the huge number of "opinions" at each level. For example, one workflow and list of opinions are: + +&#x200B; + +1. **Data Cleaning and Storage:** Flat files, binary files, relational, non-relational DBs (csv, parquet, hdf5, MySQL, SQLIte, arctic, kdb+, etc.) +2. **Backtesting**: Cloud based, open-source, proprietary, machine-learning, or not (Quantopian, QuantConnect, backtrader, MATLAB, MetaTrader, TradeStation, etc.) +3. **Out-of-sample Validation** (cross-validation, walk-forward testing, hold-out datasets, pseudo-multi-instrument datasets, brownian motion equity curves) +4. **Risk Assessment** (period assessment, volatility regimes, various percentile drawdown vs. monte-carlo, correlation risks, etc.) +5. **Strategy Performance Assessment** (Sharpe, Calmar, MAR, Skew, Kurtosis, etc.) +6. **Portfolio Assessment** (covariance, correlations, arithmetic, geometry holding period returns, etc) +7. **Money Management** (optimal f, fixed f, kelly criterion) +8. **Performance Monitoring** (broker reconciliation, logging, strategy/portfolio knockouts) +9. **Execution Validation** ("big red button", target portfolio vs. ideal portfolio, expected slippage assessment) + +&#x200B; + +To be facetious, there's 453,600 (7\*6\*5\*4\*5\*4\*3\*3\*3) different ways of expressing this workflow. And this is why there's not many opinions going around, because it's more likely to be "wrong" given all the options. (I'm sure I made a "mistake" somewhere on this list) + +&#x200B; + +**#3: Quant Skill Map** + +&#x200B; + +Finally, the workflow above has a skill map that approximates to the following: + +&#x200B; + +1. **Reading Comprehension**: Unable to read to the end of books and long texts (just kidding) +2. **Data or Ability**: No access to data, and no programming ability +3. **Backtesting**: Access to data, no method to backtest in-sample +4. **Validation 1**: Able to backtest in-sample, no technique to assess out-of-sample +5. **Validation 2**: Able to assess out-of-sample, no technique to assess overfitting and robustness +6. **Robustness**: Able to assess out-of-sample robustness, no method to assess risk +7. **Risk**: Able to assess risk, no method to assess aggregation +8. **Portfolio 1**: Able to aggregate, no method to determine weights +9. **Portfolio 2**: Able to determine portfolio weights, no method for money management +10. **Money Management:** Able to allocate capital effectively + +&#x200B; + +All it takes to go from one level to the next may be as simple as a dataset or an opinionated answer, or it could be a face-to-face introduction with a high volume futures trader. + +&#x200B; + +**If you've read to the end, send me a PM with the skill level you are at per Point #3 and I'll point you in the right direction.** +Listen you little newbs , stick to these 2 main stocks so we can HOLD them together and come out on top. +GME +AMC + +Just buy only those 2 and nothing else. The reason WHY these 2 stocks are NOT going up is because we are all over the place. Focus on those 2 for HOLDING and we all come out on top together. Yes I am a financial advisor and I wonā€™t reveal my ITA information. (Legal protection rights) + +Anyways carry on. + +Edit #1: Another thing killing the stocks is putting sell orders. Cashing in and out. You are missing the opportunity of a much larger cash out of you just HOLD. Get rid of your sell orders and just hold onto those stocks. Also if you want brokerage accounts try Fidelity, Etrade, Webull, M1 Finance. + +Edit #2: after todayā€™s volumes me and my team have discovered yet another shift in these ā€œmainā€ stocks. +NAKD is officially out of the mix. +AMC and GME are the only stocks anyone should be buying. If we had the same amount of people invest more into either of those stocks rather than the BB NOK and other misleading stocks TODAY then GME and AMC wouldā€™ve reached a very very very big number. + +Edit#3: everyone this is your chance to buy the dip before this explodes. This is literally a mirror image from what happen to VW back in 08. Donā€™t be dumb and sell your stocks keep holding. The only reason why the price is going down is because HF are selling to eachother to manipulate the stock price. + +Please watch this new video highlighted in the blue wording. If you click on it it will take you to a video explaining everything on a beginner level basis. [BUY AMC DIP](https://youtu.be/RZHn--2wfwQ) +**EDIT: Just realised I still have half of one of my large investments on Bittrex because their withdrawal per day rate is so low. Who would have thought they'd throw me a lifeline?? I LOVE YOU BITTREX!!!!!!!** + +**EDIT 2: I'm even more of an idiot than I originally thought - but a fucking lucky one. I used symmetric encryption and so I don't need the certificate after all, I was just typing the passphrase in incorrectly... oh my god. I just cried a little.** + +=========================================================================== + +Another one to add to the collection - I've lost it all. Everything gone at the click of a button. + +Had all my wallets backed up on an airgap laptop and each wallet was encrypted with GPG. + +Each encrypted wallet was then secured in multiple places - email, cloud storage, hard drives, USB, you name it. + +I had the passphrase engraved in steel and stored in 2 geographical locations. + +I decided I wanted my airgap to be dual-bootable so backed up my encrypted files and installed Windows 10 and Ubuntu back onto the airgap. + +The trouble is, being the royal dickhead that I am, I didn't realise GPG uses a certificate to encrypt and decrypt files. I thought having the passphrase would be enough. + +So, yeah, I have the passphrase but not the certificate. Great. + +To make matters worse I've also lost my non-techie friend's funds as said I would keep them safe for him. + +I get it now when people say it doesn't feel real - I feel like I'm floating around watching a super realistic film. + +Oh man, where's that suicide hotline :-( + +My belief is that tomorrow there will be an announcement that will drive $GME up. + +Jordan Holberg, Blockchain Engineer at Gamestop [tweeted](https://twitter.com/eviljordan/status/1447367629002326024) a photo of a pregnant "person" ready to give birth with the headline : "It me" ; meaning "Time" - implying "it is time" for whatever project he was working on + +9 months from 1/27 when $GME squeezed to $347 is tomorrow 10/27 . + +Ryan Cohen's latest tweet, paired with the [Wu Tang Clan Theory](https://www.reddit.com/r/Superstonk/comments/qg4bm4/if_my_calculations_are_correct_we_should_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) makes me firmly believe that a special announcement will be made tomorrow. + +Not financial advice. +Been following him from the beginning. + +He has thru the year been slowly but steady starting to move away from "stonks" and putting a big focus on "boomer stocks" and crypt0. He is slowly trying to turn his "community" towards moving money from GME and A/M/C into whatever he is talking about. + +He is not even showing GME chart anymore, he has since the beginning been trying to make A/M/C the main "stonk". Last months this has been VERY obvious. + +When someone points this out, he gets into "rant mode" like a little kid. Clearly pushing his buttons hard. He is REALLY scared to loose his "youtube-career" or what I really suspect "shill-crypto balance". + +Been suspecting him from the start, he sounds fake. + +Just be aware and dont watch these "Youtube-careeere guys". + +Sry if im late to the party, maybe most of you all have figured this out earlier. + +EDIT; + +He got really mad about this post and ranted yeasterday. It was amazing to see and by looking at chat I suspect 98% are bots. They just spew shit like ā€We trust Matt kohrsā€ and random sentences out of the blue, for a fake supportive look. Chat is non responsive overall. Bots. + + +Nice +https://twitter.com/thekidreturns/status/1475908157683687429?s=21 + +Nice +https://twitter.com/WallStWhales/status/1475884978122608640?s=20 + + +Matt is now saying Superstonk is TOXIC and people should read WSB instead. WTF... He is getting really triggere by all of this. + +These youtubers are dangerous, clickbait is dangerous. +After my comment in this thread https://www.reddit.com/r/algotrading/comments/8aku6a/mentorsomeone_i_can_ask_stupid_questions_to/?ref=share&ref_source=link + +I got a bunch of PM's and I thought it might be easier just to do a thread. Ask away! All questions on trading, programming, ML, career and life are welcome! +But I'm very happy I actually have a four digit number in my savings now!!! + +I'm healthier as a result too, I only buy from the farmers market for my groceries and stay away from junk food! I only go into the city once a week for said farmers market, I walk to campus everyday and avoid using PTV and enjoy the stroll past the park and see cute dogs and enjoy nature + +Instead of loitering outside, I spend more time experimenting in the kitchen (I made a loaf of bread!!!), I read and write more, I've become more introspective and my cats bask in my more constant presence :) + +I know my username says NEET but I am working lol I just feel like a NEET since most times I feel a bit aimless haha but time is precious and I'm happy to be this productive and peaceful and also finally letting my wallet breathe! +In this new era of low interest rates, house prices will continue to go up and I find it hard to justify if they will ever come down. Imagine the following scenario: + +1. RBA lowers interest rates + +2. Homeowners borrow more money and overleveraged to buy more houses + +3. (Some time passes) + +4. Inflation starts to pick up + +5. RBA prepares to increase interest rates + +6. Homeowners panic and cut down spending in order to service their future repayments + +7. Reduced spending causes inflation to drop back down + +8. Repeat Step (1) + +Since the CPI excluded house prices, we will never fully capture the economic sentiment. RBA argued: "The purchase of existing housing represents a transfer within the household sector (which means that there is zero net expenditure by the household sector in these transactions)", which I think it's bullshit. + +Another way to fix this is to have banks tighten their lending criteria, but this goes against the purpose of the banks, which is to make as much profit as possible. + +My armchair economics degree tells me that we should include house prices in the CPI, what does /r/ausfinance think? +Heya friends! Such an exciting day and I have something I can FINALLY contribute to the cause. + +I setup this site: [https://sevenfourone.live/](https://sevenfourone.live/) that shows the total NFTs from the collections & volume across each collection. + +[Site showing aggregate of scraped metrics from the NFT marketplace](https://preview.redd.it/029upzs0d2b91.png?width=2046&format=png&auto=webp&s=edf50ec4f69d3f344e06149d9d965447e62b716a) + +The bot & site code is available here, please contribute by opening PRs if you're a developer: [https://github.com/kowsheek/nft-gamestop-marketplace-metrics](https://github.com/kowsheek/nft-gamestop-marketplace-metrics). Any & all improvements to design & development would be awesome. + +I'll update this again tomorrow in about 12 hours. I hope to automate this over the next few days if none of the fellow developers beat me to it. On this topic, note: I wanted to be mindful of the traffic to the marketplace already so I didn't automate the bot up-front. + +UPDATE: + +\- I've added ETH to USD conversion + +\- Updated with new metrics, freshly pulled. The traction is AMAZING + +[Aggregate metrics with ETH to USD conversion](https://preview.redd.it/23qq4ji3r2b91.png?width=2046&format=png&auto=webp&s=af16869df3f7a4c30b70ad2a615d6bc8c7674f15) + +Signing off for tonight friends, MOASS TOMORROW šŸ«” + +&#x200B; + +UPDATE 2: + +\- Added fees metric, assuming 1.25% of volume, if anyone can provide official/documented fee amount (from an API), that can be used instead + +&#x200B; + +[Aggregate volume with fee calculation](https://preview.redd.it/ouw2b7qnu2b91.png?width=2046&format=png&auto=webp&s=6c7b7c873e9b9d45559da6625a1f131e494c9a53) + +Signing off for real now :) + +UPDATE 3: + +HOLY MOASS! I didn't even notice we crossed a million šŸ”„šŸ”„šŸ”„ Congrats fellow company owners on this successful launch of a new product line šŸ‘ŠšŸ½ + +Good night, next update will be after the casino opens āœŒšŸ½ +So I was actually looking forward to finally having our NASDAQ type tech growth firms listed on BSE/NSE but it seems like a lot of tech startups who are quintessentially seen as Indian will be listing on NYSE/NASDAQ. + +A quick Google search showed me three high profile firms which are planning to do so: InMobi(India's first tech unicorn startup), Flipkart(Arguably India's first consumer tech startup success story) and Jio(one of the most ubiquitous brands here now). I was particularly shocked to see Jio since Ambani is kinda a poster child for Indian business circles. + +What exactly is preventing them from IPOing here ? Why is SEBI and Govt of India not looking into resolving issues to prevent Indian firms from leaving Indian investors out in the dust ? + +[https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html](https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html) + +[https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms](https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms) + +[https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048\_1.html](https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048_1.html) +We locked in our interest rate right before they started going up, and by my calculations all of the housing-related expenses would be less than 30% of our take-home pay. Naturally, we both felt really good. + +Our combined gross income is **$160k**, and we live in what is technically considered a HCOL area (CT), although itā€™s not as expensive here as the 2 big cities that are nearby. + +On paper we should have **$3k** or so left every month (***scroll all the way down down for budget breakdown***). + + + +Unfortunately, I completely underestimated all the house-related expenses. Since we got the house in April weā€™ve spent a little over **$10k** on stuff like furniture, appliances and tools. All of those purchases were discussed and considered necessary. + +Iā€™m terrified of any repairs that might need to get done to the house eventually. Wife doesnā€™t think we need to worry, but I constantly feel broke and stressed. I hate the idea of taking on more debt, but we havenā€™t even finished building our emergency fund back up. + + + +Hereā€™s the budget breakdown (most values are rounded up a bit): + + ā€¢ Monthly take-home pay (after taxes, 401k, health insurance): $8,600 + ā€¢ Mortgage (principal, interest, taxes. homeowners insurance, PMI): $1,910 + ā€¢ Car payments: $550 + ā€¢ Car insurance: $160 + ā€¢ Gas (on average): $200 + ā€¢ Groceries (on average): $1,000 + ā€¢ Electricity (on average): $250 + ā€¢ Internet: $70 + ā€¢ Phones: $65 + ā€¢ Subscriptions (Spotify, gym, etc): $100 + ā€¢ Healthcare (meds, therapy, etc): $150 + ā€¢ Eating out (obvious weak point): $400 + ā€¢ Entertainment/shopping/hobbies: $400 + ā€¢ Pet supplies: $60 + ā€¢ Miscellaneous: $100 + +None of these amounts fluctuate too much month-to-month, besides eating out, which we are actively trying to bring under control. Our groceries budget went up with inflation - in 2019-2021 we rarely spent more than $600 a month. Nowadays I consider it a win if the weekly trip to the grocery store costs less than $250. + +I know weā€™re technically not living paycheck-to-paycheck because we contribute to our retirement accounts, and donā€™t carry any CC debt month-to-month, but it definitely feels like itā€¦ + + + + +**EDIT:** For all of you asking why our groceries are so high, hereā€™s a receipt from last week: [copied from receipt to excel for easy reading](https://i.imgur.com/GMFCEHw.jpg). Yes, I do include stuff like toilet paper and dish soap in the ā€œGroceriesā€ category, because I get them from the grocery store. +I've been trading full time for many years and in the last year or so made significant progress to the point where the 4 or so core strategies I trade around have been consistently winning. Tens of thousands of manual trades later, I believe I could build an algorithm out of these systems with lots of rules and conditions that could make significant amounts of ROI. Without going into much detail about the algo, I am wondering how someone with zero coding experience would go about doing this? I primarily trade futures(ES, NQ), and US equities intraday, with some options trading. Futures alone would likely be adequate to start out. + +Should I simply look for a developer in my area and offer to pay them? Should I learn to code myself? I would rather hire someone and just pay them, I just don't know how to go about finding someone trustworthy, reliable, and that has the technical skill to understand how to implement my strategies- all of which I have the source codes for and could explain to someone who understands trading and technical jargon. It seems that the strategy is the difficult part for many, whereas in my case I already know the methodology of the algorithm that I want, it's the implementation that has me lost. Any suggestions? Thanks. +Phone held up to his ear, in a gargled voice I hear ā€œHold on Buddyā€ + +Smoking one for him now writing this and canā€™t help but thinkā€¦ + +Thanks Dad + +Iā€™ve been here since November, I was holding a bit for himā€¦ those shares never get sold. I gotcha X holders, in fact, my dad ā€œHas you coveredā€ as he would sayā€¦ + +Edit: Grammar +As title states, this was discovered months ago when the first gmerica tweet went out. The owner of the domain is some random from Colorado USA*. If you sort by new, people are freaking out that it is redirecting to some Roaring Kitty videos. Itā€™s stupid easy to have a website redirect somewhere else. So, calm your tatas. Someone probably stole (bought before really) the domain from GameStop themselves forever ago. Relax and think critically before getting too much hit of the confirmation bias. + +Edit: Domain owner info is set to private per whois database. The registrar is based in Colorado, USA. The IP address it resolves to belongs to a Softlayer Technologies who are based in Dallas, TX. They appear to be a hosting provider. The fact that they are based in DFW is probably pure coincidence. Server itself is an nginx based web server who has a 301 redirect to a Roaring Kitty video. +Lots of discounted cash flow (DCF) analysis here and that makes sense because that is, literally, how you place a value on any economic enterprise. + +To spur discussion, here's a hot take. + +From a value investing standpoint I don't think DCFs are all that great of a tool. + +###Problems with buying based on a DCF: + +a) There is no edge to be gained from plugging well known variables into an easily available spreadsheet anyone on the internet can use. To the extent your estimate varies from the market price, you should probably assume you made an input error, moreso than the market did. + +b) "regression to the mean starts as the analyst lifts their pen" - standard practice of *5 years growth then some terminal multiple* is on-face silly. Why 5 years and not 2 or 4 or 8? *How fast* regression to the mean happens is key. + +c) Really great businesses keep high returns for disproportionate amounts of time and DCFs will undervalue them. + +d) Choosing the terminal growth rate is arbitrary and has a big effect on what the shares are worth. + +e) it gives a false sense of precision and a single value at a single point in time for a business enterprise which by nature is always changing. + +###Some other tools that also aren't that great: + +- The Acquirer's Multiple (EV/EBIT). Tells you how much it costs to buy a dollar of last year's operating earnings, but this screen tends to get you cyclicals at the peak, accounting irregularities, and fatally flawed franchises. + +- PEG. Dividing a P/E ratio (two variables, at a single point in time) by a future growth figure (rate of change) makes no mathematical sense. Also relies on analyst earnings projections that are frequently wrong. It's fine as a quick-and-dirty method to see if you're overpaying for growth or not, but not great as a value tool. + +### What's an alternative? + +I use a free cash flow yield hurdle rate, an idea borrowed from fund manager Terry Smith, who adapted and borrowed from a classic article by [Warren Buffett](https://fortune.com/2011/06/12/buffett-how-inflation-swindles-the-equity-investor-fortune-classics-1977/). + +Imagining you owned the entire company, the free cash flow is how much you could pull out as the owner and still have the business keep functioning. The FCF yield is a %, in cash, that you're making on buying that whole company. + +Calculate it as: + +FCF Yield = FCF / Market Cap + +or + +FCF Yield = (FCF + interest expense) / Enterprise Value + +(If you use EV, it assumes you've paid off all the net debt of the company upon buying it, so the interest expense is added back. I typically use EV for all my ratios where applicable). + +*If the business uses lots of share-based compensation, you may want to take that figure from the cash flow statement and subtract it off from FCF as well.* + +Then, decide on some hurdle rate which should be where, comparably, you could go to make a yield on your money. You might also add a risk premium. This will dictate the **maximum** you would be willing to pay for the shares. They must give you at least that much yield (and preferably, more!) + +Right now due to Fed policy the 10-year treasury is still below where it arguably "should" be so maybe inflate a bit above that. I believe Terry Smith uses 4%. + +Or, you could use the current yield of 2.75% and then add some risk premium to reflect that your money in an equity is volatile. Whatever suits your fancy! + +Then, as you look at the price of a stock, you can compare the yield you make from it against the external measure of investing in a bond instead, and decide if *based on what you know right now* (and without requiring any projections), assuming you got the business and it stayed as it was in the past fiscal year, whether it gives you a comparably reasonable cash return on your investment. + +The wonderful thing about owning a business, though, is that if it's good the FCF yield will continue increasing year after year. A bond doesn't do that. + +If you buy at a 4% FCF yield, and it grows at 5% per year for 5 years, you will own a 5.10% yielding investment. + +Buying at a 3.5% FCF yield growing at 10% for 5 years, you'll then own a yield of 5.64%. + +Buying at a 2.75% FCF yield, growing at 15% for 5 years, you'll then own a yield of 5.53%. + +And so on and so forth. You can toy with the numbers, thinking about how patient you are, how much confidence you have in a high/low growth rate for your business, and so on. But I hope this exercise fully conveys the idea of how important it is to buy at a reasonable FCF yield at your initial purchase - and also, how you can still make a good return, paying a seemingly fairly high price - especially, if your timeframe extends beyond 5 years. + +[Terry Smith explains in this video.](https://www.youtube.com/watch?v=hAX8r5zpdzE) + +### That doesn't mean DCFs are useless... + +...and maybe you should still do them. Or at least, do enough to know what are the variables which will significantly skew the result. You can DCF to back-out the assumptions the market might be making to arrive at a certain price. + +I hope this doesn't come across overly pedantic, and I'm sure the idea of FCF yield is not a new one to most investors here. But, for some extra content aimed at people who might be new, I hope someone finds this helpful. +The year is 2020, Trump has provoked Iran and neighboring nations and pushes them to their limit when he finally tweets a pic of the US flag. World War 3 is underway. Thousands of Gen Z kids are drafted into the military. Your a camel farmer in the desert of Iran milking your prized female camels. Your suprised as you hear Gucci Gang Gay Version played to the sound of rotary engines, helicoptors start flying over you, the song changes to Homo Flow, Shotta Flow Remix. The whole fucking area around you gets napalmed. Choppers drop off enemy troops and you get smoked by a 17 year old with a pickle rick sticker on the side of his standard issue army helmet. As you lay on the floor bleeding to death he walks up to your body and proceeds to do Fortnite dances over you and yeets your body over the side of a sand dune. You die a slow death alone in the sand. + +-Idea from [this post](https://www.reddit.com/r/4chan/comments/9qyd57/trump_declares_war_on_vietnam/?utm_medium=android_app&utm_source=share) but I changed some words to fit with the current situation. +He's running a pyramid scheme based on lies and cold calls and calling it investment advice. I don't feel like people are being direct enough in saying it. +[Proof Point: Canadaā€™s provinces are basking in revenue, but how long will it last?](http://view.website.rbc.com/?qs=5dee60938de30583ddee286dafaf2c5dd18789cb96739482cbc9c0cdb8d28bb58095de09a7838e9b666463b042d6d074b6c7a308fcbd1238ba1dd18a164b6c306e574f6aa446642d136165663aee0c1a) + +&#x200B; + +https://preview.redd.it/ay92n2c79yy91.png?width=1006&format=png&auto=webp&s=734307affcea068f9db42aa92ba4a27b3ad930ae +There seems to be some ambiguity in the precise outcome if shareholders DRS a huge number of shares to ComputerShare. It would be nice to get the definitive answers, but I'm not sure we need it. + + + + + + + +Look at the share price since the DRS wave started (Wednesday to Friday), we've seen the price tick upwards. We're up 11.5% this week. + + + + + + + + + + +I think it's important to keep pushing for everyone to DRS their shares. This puts buying pressure on the brokers and the SHF. My guess the DRS push is forcing brokers that benefit from margin account to go out on the lit exchanges and by GME shares, so they cover the loaned shares that are transfered to CS. Also, some apes are buying more GME shares, because they want to keep their existing shares ready for MOASS and buying more to help the DRS momentum. Also, international apes are buying more (me included) because a lot of international brokers don't allow transfer of existing shares to CS, so we are buying more with brokers like IBKR that do allow international DRS. +Iā€™m a 35 year old with two young kids, and feel like I have spent the last 10 years ā€˜trying to saveā€™ for a house deposit. We are both working and saving every cent but there just isnā€™t enough to pay the rent and bills, childcare, and then all the medical things etc. that come up. I get a lump in my throat thinking about the fact that I just canā€™t do it. I feel like a failure. We could afford the mortgage (it would be less than rent), but itā€™s that damn deposit. Any advice would be very welcome. Please donā€™t say we need to cut our spending - I can assure you, we are living at our limits. Thanks in advance. +Edit: Iā€™m blown away by the support and advice! Booked in to chat with a broker tomorrow. For those asking, currently living in Syd and wanting to relocate to rural NSW. Iā€™m (f) a teacher and my husband is a labourer, looking to upskill. Thank you all for taking the time to respond. I feel a lot more positive. +Has anyone spent the time to what the S&P500 is actually constituted of as of today. + +First of all, we all know mass un-employment is occurring and people working in local restaurants and all are screwed. But, just because the rest of the world is in ruins doesn't mean every sector is in shambles. + +You see, unlike past recessions, in this current epidemic, one sector is gloriously going to profit out of the recession. And we all know what that sector is: **the technology sector**. + +&#x200B; + +Have you nerds checked what S&P500 has turned to in its market cap recently. + +**Boomers in Wall Street finally caught on. Your S&P500 is now a tech and health care index. Other sectors don't matter anymore in our economy.** + +Boomers finally accepted 'future is tech and health care' from all these airline companies and all. + +Let's look at SPY major holdings: + + Software 8.37% + IT Services 5.57% + Technology Hardware, Storage & Peripherals 5.16% + Pharmaceuticals 5.08% + Interactive Media & Services 5.04% + Semiconductors & Semiconductor Equipment 4.42% + Banks 4.37% + Internet & Direct Marketing Retail 4.08% + Health Care Equipment & Supplies 3.74% + Equity Real Estate Investment Trusts (REITs) 3.11% + +So summed up: + +Technology (Software/IT Services/ Technoloy Hardware/Interactive Media/ Semiconductor/Internet) is: `8.37 + 5.57 + 5.16 + 4.42 + 4.08 = 27.6%` + +And for Health Care (Pharmaceuticals / Health Care Equipment): `5.08 + 3.74 = 8.82%` + +Over 36.4% of SPY is technology and health care currently. + +&#x200B; + +All this cry about real estate, hotels, restaurants, airlines collapsing: + + Real Estate: 3.11% + Hotels and Restaurants: 1.55% + Airlines: 0.2% + +Even IF every single real estate, hotel, restaurant, airline company went bankrupt in the S&P500, it's only 4.86% of SPY. Big boomer money on Wall Street must have finally noticed this. + +&#x200B; + +SPY calls 300 end of this year. + +By end of this epidemic, we might have almost half of SPY be technology and health care. + +Imagine being a gay bear competing against infinite QE from FED with all this information. FED go BRRR BRRR. +This morning, our manager for our property located in TX went to the eviction hearing that was ruled in favor of the tenant. Our tenant had been renting the house for about a year prior to COVID and had no issues with making rents on time \~$1300 / month. The tenant is self-employed and has told my manager that he has been unable to work "due to COVID." We've been trying to work with him since April allowing 1/2 month's rent, trying different payment plans, etc... The problem is that he does not communicate with the property manager, refuses to sign any lease/payment contracts, and does not answer the door when she attempts to establish communication. In June, with one of our payment plan options, we offered to forgive all of the remaining balance \~$2500 AND return the security deposit \~$1300. He chose to not sign the contract and continue to ghost our property manager. Due to these factors, we decided to proceed with the eviction proceedings. + +This morning our property manager called us and said that initially in the eviction hearing, everything was going well as all of the communication (or lack thereof) was well documented and the judge seemed to be sympathetic to our situation and our attempts to work things out. However, when the tenant presented a CDC eviction moratorium declaration, [https://www.cdc.gov/coronavirus/2019-ncov/downloads/declaration-form.pdf](https://www.cdc.gov/coronavirus/2019-ncov/downloads/declaration-form.pdf) , the Judge's tone immediately changed and he ruled in favor of the tenant. Now we can't do anything until December 31 with the looming possibility that this moratorium gets extended. On top of that, our tenant has told our property manager that he has family in the area and was looking at larger houses with higher rents to move into. + +We're ready to sell the house and get out of this bad deal. We've had this property for 15 years and claimed depreciation and were going to look to do a 1031 exchange in the near future anyway. Any insight from the experts out there would be greatly appreciated! + +TL;DR. Tenant hasn't paid rent since April, refuses to work payment plans, ghosts PM, plays the CDC eviction moratorium in court, judge rules in tenants favor. Landlord (us) sucks it up until Dec 31 at the earliest. + +UPDATE 1: Thank you for all the advice out there! You all have some great experience and while some of the "kick down the door" comments were mostly downvoted, I've shared those same sentiments at times dealing with this situation (for the record not seriously considered this option). Since I consider myself an investor, such as yourselves, I'm really not looking to sell below market value, however thank you for all of your offers (I'd probably be doing the same thing). House is located in Corpus Christi TX. + +Numbers: Some of you have been asking about the specific numbers involved and I kept them in the general category since the tab is constantly running. In addition, there were a few instances initially where the tenant would work with us by paying 1/2 months rent in April and a few hundred dollars in June, always promising to work with us. Lesson learned for me is that if we had started the eviction process as soon as we had a non-payment, we would have beat the CDC moratorium as there would have been a small window to evict. + +Moving forward, it sounds like the two options we have are: + +1) Reattempt an eviction proceeding past Dec 31. This seems like the least "expensive" option at this point since I'm just losing another 3 months of rent. Hiring a lawyer, good idea, however I'm just looking at minimizing the losses at this point. + +2) Sell the house. Giving 30 or 60 days notice. Long term win since I'll be out of depreciation in another 5 years anyway. I'm still considering this as an option. + +&#x200B; +At a price of just below $31,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point since July 2021. Cryptocurrencies are proving to be just as risky as stocks and susceptible to the same concerns that are dragging down the Dow, S&P 500 and Nasdaq. Are you still bullish on bitcoin for the long term or not? +Maybe it helps someone else with his struggles, or just brings a smile to your face. For about 2 weeks, I have been experimenting with python and bitcoin bots, aggregating different data, backtesting various strategies and so on. It became always more complex without netting results. So I read somewhere 'keep it simple, buy when 9MA crosses 60MA' - so I wanted to try that out. + +My strategy is as follows: + +`Calculate 6EMA and 60EMA.` +`When 6EMA > 60EMA: decisioncount: 1` +`When 60EMA < 6EMA: decisioncount: -1` +`When average of last 5 decisions > 0: buy` +`When average of last 5 decisions < 0: sell` + + +I'm starting to realize that there might be no money in this but it's a fun topic and I learned a lot about python, bitcoin, exchanges and so on. + +With what strategies did you start and where did it lead you? What did save you from the frustration and keep on going? + Friends, + +In case you forgot, I feel like we have to talk about this. More and more posts and comments start to emerge about Thomas Peterffy, CEO of Interactive Brokers being "a good guy". + +Let me remind you, in January: + +&#x200B; + +1. Disabled buying GME on Interactive Brokers +2. Interctive Brokers is **used globally by dozens of retail brokerages** as "prime brokers" (you could see this with all the voting problems as well. IB popped up many times as the main culprit behind the scenes why apes couldn't vote) +3. The moment he stopped buy orders **half the world blacked out**. All the brokerages that use IB as middleman had to stop as well. I'd wager that combined this effect caused more damage than Vladboy from Bulgaria. RobinHood is US only, whereas IB covers the whole world. +4. Went on CNBC and said: "**I'll allow buy orders when GME hits $17 again**". 1 day later **the uploaded CNBC clip had this part removed**. + +Check out the video in this tweet, its only two minutes long. The way he laughs makes my blood boil. +start at 0:20 if you are impatient. + +[https://twitter.com/bullinvestpr/status/1354887834252017669?s=21](https://twitter.com/bullinvestpr/status/1354887834252017669?s=21) + +Even though Citadel might be the bogeyman behind the scenes, this shitsack of a CEO is as much part of the problem as they are. + +**They did a magnificent job of damage control**. All the hate and anger is directed towards the Boy from Bulgaria. But **Interactive Brokers was among the first ones to limit buy orders** in the so called "meme stocks" **in january.** + +Don't let the forum slide, and **don't believe his lies**. He wants to save his ass, thats all there is to him, but given his actions in january he wouldn't piss on you if you were on fire. +This is an update from my post last week, which can be found here: https://old.reddit.com/r/Superstonk/comments/nhyzk0/been_waiting_for_this_opportunity_trade_fuckery/ + +Ok, this morning's first 15 minutes was a pretty good control sample, as it shows a big price push down, bouncing off $180, then passing it, then beginning the push down again: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|9:31|62017|47494|14523|23.4177725| +|9:32|35201|21588|13613|38.6721968| +|9:33|15957|7631|8326|52.1777276| +|9:34|18425|11042|7383|40.0705563| +|9:35|25073|14704|10369|41.3552427| +|9:36|22255|11749|10506|47.2073691| +|9:37|17498|11244|6254|35.7412276| +|9:38|28760|15725|13035|45.3233658| +|9:39|23932|14480|9452|39.4952365| +|9:40|14076|6563|7513|53.3745382| +|9:41|32794|26629|6165|18.7991706| +|9:42|48134|32105|16029|33.3007853| +|9:43|28487|18950|9537|33.4784288| +|9:44|14718|7487|7231|49.1303166| +|9:45|13919|7091|6828|49.0552482| +|**Total for window**|**401246**|**254482**|**146764**|**36.5770625**| + +This is about on par with what we saw last week, with just under 37% of the trades vanishing after refresh. So I decided to hit up a stock with a lot higher trade volumes to compare numbers, Apple ($AAPL). Here's the window between 10:01-10:15 + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|10:01|252081|240725|11356|4.5049012| +|10:02|320787|276759|44028|13.7249951| +|10:03|199885|172327|27558|13.7869275| +|10:04|175573|169053|6520|3.713555| +|10:05|150771|133583|17188|11.4000703| +|10:06|175718|164578|11140|6.3397034| +|10:07|199828|184506|15322|7.6675941| +|10:08|129564|116786|12778|9.8623074| +|10:09|106396|96046|10350|9.7278093| +|10:10|203350|179306|24044|11.8239489| +|10:11|167812|153704|14108|8.4070269| +|10:12|162080|148363|13717|8.4631046| +|10:13|346861|318963|27898|8.0429913| +|10:14|347597|307469|40128|11.5444034| +|10:15|208156|188038|20118|9.6648667| +|**Total for window**|**3146459**|**2850206**|**296253**|**9.4154413**| + +So, as you can see, there are still corrections... but significantly less so, by percentile. However, one has to acknowledge the possibility that the low trade volumes of GME are making a theoretically "standard" number of corrections per minute seem more statistically intense. So I found a stock with significantly LESS trade volume than GME, Costco ($COST). Here are the results from 10:31-10:45: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|10:31|7027|3284|3743|53.2659741| +|10:32|5578|2600|2978|53.3883112| +|10:33|3921|1700|2221|56.6437133| +|10:34|5073|2954|2119|41.7701557| +|10:35|2049|1000|1049|51.1957052| +|10:36|3167|1912|1255|39.6274076| +|10:37|1420|648|772|54.3661972| +|10:38|1720|645|1075|62.5| +|10:39|1249|100|1149|91.9935949| +|10:40|1477|652|825|55.8564658| +|10:41|1760|200|1560|88.6363636| +|10:42|2420|1056|1364|56.3636364| +|10:43|3190|2000|1190|37.3040752| +|10:44|1459|651|808|55.3803975| +|10:45|2905|1600|1305|44.9225473| +|**Total for window**|**44415**|**21002**|**23413**|**52.7141731**| + +This is extremely low trading volume, and it seems to support the idea that the lower the trade volume is, the more likely the refresh is to be significantly different than the live data (holy shit, 10:39). But now I have entirely new questions, primarily, why are these always balancing down? There was one minute candle for GME last week that went up. If this were theoretically the effect of balancing trades and settlement from minute to minute, one would assume that the trades would come to roughly even over a segment of time (i.e., one minute lower than displayed live, one minute higher, etc.). So what the fuck is going on with HALF of the trades on this stock? + +At this point, I'm really begging someone else with more trade settlement and reporting API infrastructure knowledge to let me in on what the fuck is going on here. I understand that there is expected to be some difference in accuracy between free trade tracking apps and a bloomberg terminal, but if the statistics that we retail traders are getting are off by *LITERALLY HALF,* how are we supposed to make any reliable trades? How is it possible that the trade volumes even on something as enormous as AAPL can be off by almost 10% as an average? *WHERE ARE THE FUCKING TRADES GOING?* + +Edit: Clarity. +Hey all. So, BSC has been a nightmare lately with rug pulls, pump and dumps, and various other rubbish. It probably doesn't come as a surprise, but the porn industry is also a fairly lawless place, particularly when you are creating your own content (a la OnlyFans). Stuff get stolen all the time and posted for free. + +$PORN is a token by Adam Zhu. A Full-Stack Software Engineer who's friend's OnlyFans content was stolen. As a result, he's spent the past 6 months building a blockchain-based product, to utilise NFT-like structure to watermark content ā€“ SPECIFICALLY to prevent this from happening in the future. The token's purpose is to help financially back this project, allowing for the hiring of a few extra engineers and designers to make sure it's really well-rounded! (More on the site link below.) + +I'm obviously not the dev, but I have already put my money behind this as I think it's a great cause and it really has a chance at being a SOLID BSC token. Charts are looking really bullish right now, as well. Give it a look! + +šŸŠWebsite: [https://buyporntoken.com](https://buyporntoken.com) + +šŸ„žPurchase: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865) + +šŸ”’Proof of LP lock and renounced contract: [https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC) + +šŸ“ˆ[https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865](https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865) +I keep hearing a ton about JEPI on this sub, mostly all positive. Can someone please share what the downsides are now? + +Currently deciding between SCHD and JEPI for a taxable brokerage account that we plan to hold for a long time. + +Thanks! +I have a problem with information overload. I've got company subscriptions to major financial news sites (FT, WSJ), magazines (Economist etc) and get bombarded with daily email updates. How do you stay on top of what's really relevant yet ensure you don't get stuck in a bubble of only what you're familiar with? +I am trying to get an app for personal / family money management and budget tracking. Mint seems nice, but doesn't work in India. [Found this 5 yr old post on the same topic.](https://www.reddit.com/r/IndiaInvestments/comments/3cae73/any_alternatives_to_the_mint_app_for_india_im/) Just checking if any new app has come up for India. + +[Edit 1] + +Adding some more notes on what I am actually looking for when I say money management and budget tracking. + +On the app I should be able to: + +1. view my past transactions, and add my income and expenses (preferably by using some form of bank sync) +2. categorize and label expenses (automatically, if possible) +3. get a report of my spending pattern by category +4. allocate budgets for my current month (for major categories at least) and deduct from that budget whenever I make a transaction; this way I can be aware of where I need to cut spending for the month +5. use on both mobile and desktop (web or native doesn't matter on desktop) +6. share the same app with my wife, so that we can budget together + + +What I am NOT looking for in the app: + +1. track investments (MF, FD, Shares, etc.) & their performance +2. free / open source; I'm willing to spend to get all the features + + +[Edit 2] + +I compiled a list with all the apps suggested. Will keep updating it. + +| App Name | Web App | Desktop App | Mobile App | Indian Bank Sync | Bulk Imports | Price (Rounded off) | +| ----------------------------------------------------------------------------------------------- | ------- | ------------------------------ | ------------- | ---------------- | ------------ | ----------------------------------------------------------------------------------- | +| [Bluecoins Finance](https://play.google.com/store/apps/details?id=com.rammigsoftware.bluecoins) | No | No | Android + iOS | No | Yes | ā‚¹600 Once | +| [Wallet by BudgetBakers](https://web.budgetbakers.com/) | Yes | No | Android + iOS | Yes | Yes | $4 Monthly / $24 Annual / $48 Once | +| [PocketSmith](https://www.pocketsmith.com/) | Yes | Linux + Windows + MacOS (beta) | Android + iOS | Yes | Yes | \[Limited Plan\] $10 Monthly / $90 Annual; \[Super Plan\] $20 Monthly / $170 Annual | +| [MoneyWiz 3](https://wiz.money/) | No | Windows + MacOS | Android + iOS | Yes | Yes | ā‚¹200 Monthly / ā‚¹2000 Annual | +| [Perfios](https://www.perfios.com/) | Yes | No | Android | Yes | Yes | \[Gold Plan\] ā‚¹600 Annual; \[Platinum Plan\] ā‚¹1800 Annual | +| [GoodBudget](https://goodbudget.com/) | Yes | No | Android + iOS | No | Yes | $7 Monthly / $60 Annual | +| [YNAB](https://www.youneedabudget.com/) | Yes | No | Android + iOS | No | Yes | $12 Monthly / $84 Annual | +| [Actual Budget](https://actualbudget.com/) | No | Linux + Windows + MacOS | Android + iOS | No | Yes | $4 Monthly | +Or is it just the annual leave that is being paid? + +Edit: Many thanks guys! I tried to up vote you all. Love you. + +Edit 2: Holy shit guys. Thank you for all the anwers :D now help me with nursing on my other thread pls. +Hello, have seen lots of posts on people talking about renting, instead of buying. + +What I'd like to hear is from people who made this decision 20 - 30 years ago and how has this turned out for you in retirement age? + +Most posts I've read all talk about hypothetical scenario's, whilst we cannot predict the future, the past can be a great indictor what how you can control your future decisions. + +So keen to know: +- Did you decide to rent instead of buying in your younger days and invest what you would have spent on mortgage repayments? If so, how has it turned out? +- has the rent instead of buying turner out better for you and any regrets? +- why did you decide not to buy? +- keen to hear from people who are retired (or anyone that knows someone who retired) and are renting, how have you found this? + +Looking forward hearing about people who went through this decision 20-30 years ago! +Growing up in a different country, we had the same landlord for 8 years at one point. For nearly all my childhood we had a place we called home, even though we were renting. They only increased the rent once after a few years to make up for inflation, but that was it. + +I now live in Perth and after 4 different houses in 7 years, I now see that I'll never sleep somewhere that feels like home again. + +You find an awesome house, you and your partner love it, you move in. They increase the rent once, twice and they keep doing it until eventually you need to move out because it gets too expensive. + +Wouldn't it make more sense for a landlord to keep their tenants as much as possible if they found great people to take care of their house? + +That investment property crap is quite sickening, I don't know of any other country that treats houses like a collectible. My brother in Italy repainted the bedrooms and drilled holes everywhere. As long as they paint it back white years later and the property is the same as when he first leased it they don't care. + +Here you get in trouble when your wall poster from your favourite band chips the paint when you remove it. +I've seen a few posts here and there about "I have paid all my bills, I have $28 in my checking account, how do I make it last until I get paid in two weeks?" and this post is an attempt to give you at least one option. + +'Biga' is Italian starter dough. In ancient times, Italian artisan bakers didn't have instant yeast like we do today, so they would save a small portion of the dough used each day, and use it as the starter dough the next day. + +You can make biga and keep it on your counter or in your fridge, and it will allow you to continue to make bread forever as long as you continue to 'feed' it, hence the title *endless bread*. + +You primary ingredients for biga are all-purpose flour, instant yeast, and warm water. + +I use Gold Medal all-purpose flour, which costs $1.98 at my local Walmart for a five lb bag. You can find store brands much cheaper than that, even as low as $.99, but I like GM flour. What brand you use is immaterial, use your favorite brand or a cheap store brand near you, they all work. + +Fleischmann's Active Dry Yeast sells for $1.39 for three packets at Target near me, some places sell one packet for $.99 or less, you only need one packet for our recipe here. If you like to bake and want to get three packets, go ahead and spend the $1.39, but we only need one packet for this recipe. + +So, we've spent $1.98 on a 5 lb bag of flour and $1.39 on three packets of active dry yeast, so we've spent $3.37, under our $4 limit. + +Making the biga is simple. + +Open the bag of flour, measure out three cups of flour, and pour into a large mixing bowl. Take the packet of yeast, measure out 1/2 a teaspoon, and sprinkle it over the flour. (I've seen estimates that each packet contains 2.25 teaspoons of yeast, but just measure out 1/2 a teaspoon. This is why we only need one packet of active dry yeast.) If you don't have something to measure half a teaspoon, a tablespoon equals three teaspoons, so 1/6 of a tablespoon is 1/2 a teaspoon. If you end up putting in 1/3 of a tablespoon, or one full teaspoon, don't sweat it. You only need 1/2 a teaspoon to make the biga, but it's not going to be an issue if you use a little more in the recipe. + +Take a wooden spoon (recommended, but any spoon will do, even plastic ones), and stir your flour and dried yeast for 10-20 seconds, just mix them up a little. + +Now pour in 1 3/4 cups of warm water. You do not want hot water, it will kill the yeast. Warm water. Measure temp with your fingers. Think baby bathwater warm. Lukewarm is also fine. + +Stir all of the flour, yeast, and water together for approximately four minutes. You want to incorporate all of the flour and yeast into the water. When all of the water and flour is incorporated, it will make a soupy wet consistency. + +Cover the top of the bowl with plastic wrap, and let rest at room temperature for 8-24 hours. You will see the biga bubble as the yeast feeds on the flour and begin to rise and fall over the 8-24 hours, this is normal. You can use the biga after 8 hours, but the longer you wait, the more character and flavor develops, so waiting 24 hours is best. + +After 24 hours, you have your starter dough. + +If you don't want to refrigerate your biga, you can keep it at room temperature and use it to make bread every day for the next two weeks, just make sure you leave save some of the biga to act as your starter for the next day. If you refrigerate your biga, you can use it to make bread once a week, and keep it for perpetuity as long as you keep 'feeding' it after every use, hence *endless bread*. + +When 'feeding' biga, you replace what you take. So if I take one cup of biga to use as my starter in a recipe, I replace it with half a cup of water and half a cup of flour. You pour the water and flour into the bowl with the remaining biga, give it a good mix to incorporate it, and voila, your feeding is done. You don't **have** to replace at a 1:1 ratio, I just find that it is the one that works best for me. + +I currently have a bowl of biga in my fridge that is still going strong into its third week. I know of a case where a famous pizzaiolo in California and NY had his biga for going over seven months when he was interviewed for an article several years ago. As time goes on, the new flour entered in with the feeding continues to grow and feed on itself, and you essentially replace all of the original biga. You have basically created a living organism that provides you endless food just by feeding it every day or once a week. + +You can use the biga to make you basic Italian bread, make pizza dough, make rolls. I have used it to make Italian bread, pizza dough, sandwich rolls, and bread sticks these past two weeks. + +**Basic Italian bread recipe** + +One cup of biga +3 cups of all purpose flour +1 teaspoon of salt +1-1.25 cups of warm water +1 tablespoon olive oil or cooking oil + +Take your one cup of biga, and put it into a bowl. Pour half of the warm water into the bowl, let slowly massage the biga in the water with your hand, letting is saturate. Pour in three cups of flour, one at a time, mixing it into the water and biga with a spoon or with your hands. Pour in the teaspoon of salt. Mix it until all the flour is incorporated and you begin to get a shaggy dough. If you're doing it with your hands, this will take one to two minutes of mixing. If you're using an electric mixer, this will take about one minute for the dough to form. + +After the dough has formed, shape it into a ball, and leave it in the bowl for 20 minute. Set a timer, and walk away. After the 20 minutes has passed, spend 30 seconds to one minute kneading the dough with your hands into a soft, supple ball. The dough should shape easily into a smooth, satiny ball. + +Top the dough ball with one tablespoon of olive oil or cooking oil, put it in a bowl, cover it with plastic wrap, and let it rise until doubled in size. It may take up to 3 hours, that's fine, let it take as long as it needs, if your kitchen is warm, it may rise faster. + +After it has doubled in sized, remove the plastic wrap, punch it down, and take it out of the bowl. Roll it into a ball again, and cut the ball in half. You easily have enough dough for two loaves of bread. + +Using your hands, shape the dough into two elongated strips, almost like you're shaping sub bread. + +Line a baking tray with parchment paper. If you don't have parchment paper, lightly flour the bottom of the tray so the dough doesn't stick. Put the two dough loaves on the baking tray, and let rise for a second time for one hour. + +At the 45 minute mark, preheat your oven to 450 degrees. + +After the second rise, the dough will flatten a little and spread out. Put the tray in the oven, and bake at 450 for 30 minutes, or until the crust turns a nice golden brown color. If you think it is done before 30 minutes, remove from the oven, and tap the bottom of the loaf. If it is done, it will sound hollow. + +Let cool for 15 minutes, and then slice and eat. It tastes great by itself, but even better with butter or cream cheese. You make this right, you will never need to buy garlic bread or fresh bread from a bakery again. + +[Italian bread](https://i.imgur.com/AZFBcrC.jpg) + +[Crumb shot](https://i.imgur.com/BEe1adW.jpg) + +You can literally make this bread every day for two weeks so everyone has something to eat while you wait for your next paycheck. + +Edit to fix spacing. +28M Currently in a stable, super WLB career (dentist) that may allow me to fatFIRE down the line with some smart money allocation and some risk taking for personal/side ventures. Though I donā€™t love my career, I love the life I live overall because of WLB and objectively solid comp (though not a match to finance/tech pay in this sub). + +I have the opportunity to enter into consulting at a Tier 2 firm at a slight pay cut compared to my current work. I imagine my long term ā€œidealā€ life would be back to great WLB and great comp. However, my interest after would be in PE/VC, which Iā€™m aware doesnā€™t entail the best WLB neither. Frankly, Iā€™m not super interested in life sciences, but itā€™s the only consulting opportunity I have after applying. This would solely be a pivot for the hope of an eventual greater WLB/$ career.I acknowledge corporate roles are an option after too. + +For those who fatFIREd through a similar path of consulting/PE/VC - was the hit to WLB worth it? Is it as strenuous as I anticipate it to be? Are great WLB/$ jobs in these paths statistically likely? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Why Investors Need to Consider Bitcoin Separately From Other Digital Assets** + +[https://www.fidelitydigitalassets.com/articles/bitcoin-first](https://www.fidelitydigitalassets.com/articles/bitcoin-first) + +Once investors have decided to invest in digital assets, the next question becomes, "Which one?" Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. + +One of the first concerns investors have regarding bitcoin is as the first digital asset it may be vulnerable to innovative destruction from competitors (such as the story of MySpace and Facebook). Another common consideration surrounding bitcoin is whether it offers the same potential reward or upside as some of the newer and smaller digital assets that have emerged. + +In this paper we propose: + +* Bitcoin is best understood as a monetary good, and one of the primary investment theses for bitcoin is as the store of value asset in an increasingly digital world. + + +* Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs. + + +* There is not necessarily mutual exclusivity between the success of the Bitcoin network and all other digital asset networks. Rather, the rest of the digital asset ecosystem can fulfill different needs or solve other problems that bitcoin simply does not. + + +* Other non-bitcoin projects should be evaluated from a different perspective than bitcoin. + + +* Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets. + + +* Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem. The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties. + + +[Full Report](https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf) +i've been doing this for awhile and the difference it makes is crazy. i literally just finished a bowl of mixed broccoli, carrots, 2 eggs, and a pack of ramen and i'm actually full. i'm a 6'1 180 pound man as well, and payday isn't for a couple days. Put the veggies in when you put the water on to boil, then add the egg when you put the ramen in! + +i call it poor mans soup but i'm sure it has an official name somewhere haha! don't be afraid to experiment as well! +I've seen a number of bubbles since the early 1980's. Baseball cards were my first experience with bubbles. I collected them because I liked them. Prices began to rise. Soon Wall Street bankers were buying them as speculative investments. They didn't really like them - they liked the money. Then U.S. real estate in late 80's. Then the DotCom bubble. The Internet was extremely interesting and had almost unlimited potential. Everyone could see it. Then the IPO's started and the valuations grew. Then all anyone saw was the money. I knew people that were mortgaging their house and taking the money and buying .com stocks of companies that had never made a dime (and never did). Then there was the Ferrari boom after that. Then the second U.S. real estate bubble in the early 2000's. The oil bubble. the U.S. Treasury bond bubble. There's the possible current bubble in stocks and real estate again right now. I guess I should throw in the six-pack abs advertising bubble as well. Wealth is created and destroyed over and over. Like in a casino, some win, most lose in the long run. + +The focus on wealth, income and consumer lifestyle is so strong these days that people are like schools of fish that dart from one potential money making scheme to the next, always trying to be the first one in. The accessibility and efficiency of information on the internet make the school move far faster than it used too. + +Crypto has followed the bubble path. As NT said above though "Everyone knows it's a bubble. We still expect it to go higher." There are so many variables involved it's basically impossible to even form a rational assumption as to what is going to happen though. The vast majority in these forums are far more interested in making money from the price appreciation of crypto than pursuing the original ideology behind it of destroying or damaging the legacy banking system or halting governments intrusion into privacy. That's unfortunate because that's what really gives crypto its value. + +90% of the coins out there are useless. They have no value. They all use the same website templates, spout the same rhetoric and wild claims but haven't actually done anything and never will. Yet, millions of dollars are thrown at them eagerly. That is what always happens in bubbles. The ICO creators will spend that money. It will disappear and they still will not have done anything useful. + +The infighting and cannibalization going on in the BTC/BCH/BTC2X arena is another sign. Bitcoin has grown big enough that now everyone wants to try to control it. You hear very little about BTC disrupting anything anymore (except maybe from A.Antonop). It's more about business, scalability, speculation etc. Well, the truth is that almost NO ONE uses crypto. NO ONE. As a percentage of all economic transactions that occur in a day, those involving crypto are essentially negligible. In fact, the dominant amount of volume is just speculators trading back and forth on exchanges. That's not economic adoption. It's just hopeful speculation. The general public just laughs at crypto right now and it probably won't change for some time, if ever. Not with 3 or 4 different versions of BTC fighting it out, 900 different crypto ponzi's running at any given time, and massive hacks or raids occurring on a weekly basis. + +Any newbie trying to learn is going to have to navigate YouTube's plethora of less than honest propaganda pushing affiliate codes for Genesis, hashflare, bitconnect etc. If they do find valid instructive videos then they'll still have to wade through all the slop about BCH vs BTC vs BTC1 vs BTC2X etc. + +As one who got into crytpo as an ideologue it's frustrating to watch. It's like supporting a presidential candidate because of their pre election speeches and then watching them get into office and do absolutely nothing of what they said they would do because they sell out at the first opportunity. That's basically every election here in the U.S. - on both sides. Crypto was a new realm where I thought I could avoid the hyperbole and rhetoric of politics. Maybe move away from the usual glacial speed of change in society and move toward something new and disruptive. But, alas, that may not be the case. + +So, I believe we are in a bubble. The only question is whether it will be a fatal bubble or just a setback. Will it be a long term setback or short term from which the crypto space will recover quickly? I don't know. We'll find out soon enough I guess. A bubble popping will be good. It will purge the space of speculators that could care less about financial innovation and that school of fish will move on to something else. Then we can get back to disruption. + +Tell me what you think. Maybe you can also answer this poll to express your sentiment: http://www.strawpoll.me/13751827 +*source:* coinbase API. They only have data starting 2016, Jan 1st so this is where I start my analysis. + +since 2016 this even has occurred 14 times in monthly bins. + +*method*: + +* I calculated the lagging 90 day high closing price and then figure out how many days and months it took to recover. +* Currently bitcoin is \~ 48% of the 90 day high so I filter by events this has occur by month. +* I then figure out how many days or months it took to recover ***had you bought at the absolute highest***. + +&#x200B; + +*results*: + +&#x200B; + +|date|close|BTC.USD.volume|max\_90|pct\_change|recover\_days|recover\_months| +|:-|:-|:-|:-|:-|:-|:-| +|2018-01|9014.23|38171.97|19650.01|\-54.1|1033|34.4| +|2018-02|6905.19|59578.6982|19650.01|\-64.9|1029|34.3| +|2018-03|6816.01|15434.5228|17098.99|\-60.1|961|32| +|2018-04|6619.01|10756.5497|17098.99|\-61.3|956|31.9| +|2018-06|5851.66|7769.81165|9800|\-40.3|358|11.9| +|2018-11|3731.32|36455.2237|7360|\-49.3|168|5.6| +|2018-12|3183|9343.2724|6750|\-52.8|147|4.9| +|2019-01|3397.42|8709.6973|6503.12|\-47.8|102|3.4| +|2019-02|3409.57|6032.81895|6503.12|\-47.6|96|3.2| +|2020-03|4857.1|113902.203|10371.33|\-53.2|137|4.6| +|2021-05|34627.82|27999.1507|63588.22|\-45.5|143|4.8| +|2021-06|31594.63|26505.1927|63588.22|\-50.3|116|3.9| +|2021-07|29796.16|18114.1529|58958.05|\-49.5|87|2.9| +|2022-01|35101.33|21310.7209|67554.84|\-48|Ā |Ā | + +&#x200B; + +So as you can see, historically this has occurred 14 times since 2016. In 2018 was the worse, because just when you thought you bought at the absolute lowest, the ATH actually shifts and every month it kept on dropping. + +Median + +the median months it took to recover is 4.9 months or 147 days. The lowest it dropped was 64.9% on 2018, Feb. + +Here is a histogram. + +&#x200B; + +https://preview.redd.it/7ul6wj37z9d81.png?width=600&format=png&auto=webp&s=640ecac37cc7b325ffa979954eac0cbbd38b8fc0 + +&#x200B; + +&#x200B; + +TLDR: buckle up; historically it takes **about 4.9 months or 147 days to recover from a drop of -40-64%**. **The shortest it took was 2.9 months and the longest was 34.4 months to recover**. The lowest it ever drop was on Feb 2018 about 64.9% and that took 1029 days to recover. The good news is that it will *likely recover again*. + +***edit***: A few comments below observed that the recovery phase seems to be getting faster so plotted this this as well. + +&#x200B; + +[recover time](https://preview.redd.it/uraeqpwzgad81.png?width=500&format=png&auto=webp&s=8998cce4073f2d0178fe89bee89534bd2dd598ef) + +&#x200B; +My point literally being proven here: *last comment was deleted + +https://www.reddit.com/r/thetagang/comments/ril6y7/unpopular_opinion_the_wheel_and_selling_premium/hoza0v9/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +My employer just quietly decided to switch the 401k matching program from each paycheck, to just one lump sum annual match AFTER the year is over. You also have to be an employee the entire year to receive the employer match. So for example, if you leave in November for a new job elsewhere, you get no match whatsoever for that year. Very disappointed to hear this for several reasons. + +They state the reasoning is ā€œto match the current marketā€. Does anyone else actually get their 401k matched on annual basis rather than by paycheck? Iā€™ve never really heard of it done this way. +Which country in Europe would be the best place for someone who build significant stocks portfolio and wants to enjoy live by living from dividend? Important criteriaā€™s would be: +1. Low taxation of dividends/capital gains (or possibility of tax optimisation) +2. Low cost of living +$KODI is the next generation of BNB auto-redistribution tokens. Not only will $KODI provide its holders the luxury of earning passive income (BNB) by simply holding KODIAK tokens, theyā€™re bringing the first ever Entertainment Hub to the BSC network! + +šŸŽ™ **Entertainment Hub** + +The BETA launch will include a 24/7 Radio which will be bringing you everything entertainment such as podcasts, music, and much more! This will provide an eventual revenue stream that will directly benefit $KODI holders down the road. + +##Tokenomics Breakdown + +šŸ’° **Max supply**: 100 billion + +šŸ’  **Tax Fee**: 14% + +ā™»ļø **BNB Redistribution**: 7% of all transactions have BNB auto-redistributed to $KODI holders. Auto-claimed every 60 minutes + +šŸ” **LP Allocation**: 3% of all transactions go to liquidity pool + +šŸ’Ž **Sell Fee**: 3% extra to all sells with 2% to the BNB dividend pool and 1% to LP + +šŸ³ **Anti whale/dump lock**: Sells are restricted to less than 0.1% of the total supply + +šŸ“± **Marketing and Development**: 4% tax goes to a separate marketing BNB pool. A marketing wallet with 3% of the total supply will also collect BNB. + +šŸ•¹ **Sweep Widget**: the SweepWidget tool will be used to hold contests to give all TG members a fair chance at earning a spot on the presale. + +šŸ† **150 BNB Marketing**: A 150 BNB private sale was held with all funds going towards pre launch marketing. + +##Recent News + +šŸšØ **HUGE Marketing Campaign** A recent marketing deal was signed with a company that has a 24+ million user reach. + + +##Token Launch + +šŸ“Ÿ **DXSale Presale** šŸ“Ÿ + +**Details**: + +Thursday August 17th, 2021: 17:00 UTC + +šŸ”° **Soft cap**: 300 BNB + +šŸ”° **Hard cap**: 450 BNB + +KODIAK is going to launch on DXSale Network using their new whitelist feature to help minimize the use of bots. This will help more dedicated members get into the presale and further ensure the projects success! + +KODIAK token is a place where all crypto enthusiasts bear-long! + +šŸ”„ Come join the TG for your chance to earn a spot on the whitelisted presale! SweepWidget will be used for competitions to give all members a fair chance at earning their spot! Launches August 13th, 2021! + + +ā€”ā€”-Additional Linksā€”ā€”ā€”- + +šŸŒ **Website**: https://kodiaktoken.com + +šŸ“¬ **Telegram**: https://t.me/kodiaktoken + +šŸ¦ **Twitter**: https://twitter.com/KodiakToken?s=20 + +šŸ“ø **Instagram**: https://instagram.com/kodiaktoken?utm_medium=copy_link + +šŸ“ŗ **YouTube**: https://www.youtube.com/channel/UCEuQFR37vuxcn7d-wrcu7iw + + +[SoftBank Group Corp.](https://www.bloomberg.com/quote/9984:JP) shares tumbled in Tokyo trading after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks. + +SoftBank shares dropped as much as 5.4%, the most on an intraday basis since April. The stock had gained 33% this year before Monday. + +The Financial Times, Wall Street Journal and [Zero Hedge](https://www.bloomberg.com/news/terminal/QG8ZJIMB2SJO) reported that SoftBank was making massive bets on technology stocks using equity derivatives. The FT labeled SoftBank the ā€œNasdaq whaleā€ that ā€œstoked the fevered rally in big tech stocks,ā€ though it didnā€™t include details of any trading. The FT later reported that SoftBank is sitting on trading gains of about $4 billion after founder Masayoshi Sonā€™s bets on equity derivatives, citing people with direct knowledge of the matter. + + The Japanese conglomerate [said in August](https://www.bloomberg.com/news/articles/2020-08-11/softbank-returns-to-profit-after-record-losses-on-startup-bets) that it was starting a new unit to trade public securities, pushing beyond its traditional base in telecommunications and private startup investments. Bloomberg [reported](https://www.bloomberg.com/news/articles/2020-08-11/softbank-is-said-to-target-over-10-billion-in-public-investing) in August that SoftBank was targeting investments of more than $10 billion, perhaps tens of billions, and would use financing structures that would allow the company to avoid showing up in public disclosures of shareholding. + + + +The Japanese companyā€™s derivatives strategy has been built over the past few months, the FT cited the people as saying, adding that SoftBank has spent about $4 billion on options premiums focused on tech stocks over that time. SoftBank now has large but unrealized profits, and the trades have been deeply controversial even within SoftBank, the newspaper reported. + +SoftBank declined to comment. + +The Wall Street Journal reported that SoftBank spent about $4 billion buying call options on stocks, while also selling call options at higher prices. + + + +The idea that options buyers [could drive extreme rallies](https://www.bloomberg.com/news/articles/2020-09-04/option-traders-flex-market-muscles-with-focus-on-very-few-stocks) in technology stocks -- and push benchmark indexes to record highs -- would have drawn skepticism in the past. But as call volumes have exploded in stocks such as Apple Inc., Amazon.com Inc. and Tesla Inc., analysts are beginning to embrace the theory. They point out that traders could have outsize influence by concentrating their bets on a narrow set of high-profile names while other trading activity is reduced. + +ā€œIn a world where volumes are distorted by the frantic trading of algos, any real order flows may have surprisingly large impact on prices,ā€ Peter Tchir, head of macro strategy at Academy Securities, wrote in a note Tuesday. ā€œBy trading options, they leverage their position.ā€ + +[https://www.bloomberg.com/news/articles/2020-09-06/softbank-s-4-billion-trading-gains-on-u-s-stock-option-bet-ft](https://www.bloomberg.com/news/articles/2020-09-06/softbank-s-4-billion-trading-gains-on-u-s-stock-option-bet-ft) +Seeing several posts about various outlets who have time and time again shown their hand in what they represent (or donā€™t represent) in financial media coverage, specifically with GME. While one could argue the attention is good, remember how they have been self serving first and foremost. It is not a sudden shift in sentiment towards GME that comes without reason. Expect sentiment rug pulling, price anchoring, anythingā€¦ in other words expect fuckery (same as it ever was). + +Media personalities have their own agendas: book sales, ad revenues, clicks, etc. That doesnā€™t even touch on potential conflicts of interest. + +This is not a political post. This is not even going to single out any one or two news outlets. This subreddit is not political and I guarantee that there are people of every walk of life hodling GMEā€¦ hence apes. Keep politics out of the sub and if you see arguments occurringā€¦ not everything is what it seems. State that this is a sub about GME and the company, Ignore, report, move on. Joining in will only fuel flames. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Did I miss something? Isn't this the most important vote in the history of GameStop shareholders? Are we supposed to believe that this vote will pass anyway? + +Last year we rallied and even had eToro come forward to allow us to vote, but this time nothing but crickets. Absolute silence. I voted through Computershare but still have some shares in DeGiro and eToro and I want to vote with those as well. + +Let's rally, apes. This is the most important vote yet. This is the vote for MOASS. Make yourself heard! **Vote! And get your broker to allow voting!** + +Edit: **I am talking about eToro, DeGiro, Fidelity and literally every other broker that does NOT allow voting. The majority of shareholders is unable to vote themselves. And the majority decides. The most important vote in the history of apes and everybody's like: yeah, we voted, nothing to be worried about.** +So Iā€™m putting this here because it seems like r/dividends would understand Warren Buffett far better than a few other stock subs would. [Berkshire Hathawayā€™s Odd Behaviors ](https://www.fool.com/investing/2020/11/19/no-joke-buffett-has-now-sold-35-stocks-in-9-months/) + +It seems Warren Buffett may no longer be making the big decisions of stock picks at Berkshire Hathaway and letting his other employees have a crack at the market. I realize heā€™s been doing this for probably a decade but I think itā€™s recent events that really highlight who may be running the company. A lot of the recent events weā€™ve seen come from Berkshire of late is very atypical of Warrenā€™s stock process. Massive losses with airlines (along with moving into airlines in the first place), moving into tech (which may make sense since times are changing), picking up pharmaceutical companies, and actual stock selling of long term holdings when he said he would likely hold these stocks forever, and more. It seems Warrenā€™s company is turning into a typical investor firm rather than that legendary stock picking heā€™s known for. + +I think the moment I stumbled on this happened to be when Berkshire sold off Costco at a time where it would make sense to hold Costco and given Costco is Charlie Mungerā€™s cup of tea. Ever since then Iā€™ve noticed more and more atypical Warren decisions and Iā€™m wondering why + +It obviously makes sense that he cedes company control because he canā€™t live forever but I would have thought the people under him understood his principles and would have continued the practice after decades of training +TLDR: BCG (allegedly) stole patented technology from an employee, fired him, and published it themselves for DeBeers. DeBeers is the slimy diamond cartel that has been pillaging third world countries for decades. Plaintiff got suplexed by the fuckboi BCG legal team and his suit was thrown out due to failing the "Alice Test". Even though his patent clearly demonstrated a "Useful Improvement of Physical Phenomena". + +**SKIP TO MY FIRST EDIT IF YOU DON'T WANT TO READ THE LEGAL JARGON** + +Sauce: + +[https://cases.justia.com/federal/district-courts/new-york/nysdce/1:2020cv02285/534347/58/0.pdf?ts=1648837917](https://cases.justia.com/federal/district-courts/new-york/nysdce/1:2020cv02285/534347/58/0.pdf?ts=1648837917) + +&#x200B; + +https://preview.redd.it/76zqo7vzk7s81.png?width=700&format=png&auto=webp&s=538e149f9097ef84263bfb0818cba079a9e278d5 + +**Rady v. Boston Consulting Group, LLC et al** + +**FACTUAL BACKGROUND** + +The following facts are taken from allegations contained in the Second Amended + +Complaint and are presumed true. + +&#x200B; + +Mr. Rady underwent a Masters/Ph.D. program at Kings College at the University of + +London in August 2010, researching primarily ā€œphysical optical properties, photonics, + +spectroscopy, and statistical modeling and analysis for predictive rendering.ā€ Second Amended + +Complaint (ā€œSACā€) Ā¶ 6, ECF No. 30. Mr. Rady claims that he ā€œincidentallyā€ developed a method + +to **ā€œTechnology .ā€** Id. Ā¶ 7. ***This method involves ā€œ3D spatial mapping and spectral*** + +***analysis to determine each individual identification signature,ā€ recording these signatures into*** + +***a blockchain, which ā€œallows users to guarantee the authenticity and provenance of each itemā€™s*** + +***location and source throughout the supply chain, even where significant modifications are*** + +***made to that item.ā€*** Id. Mr. Rady claims that his method and system will quickly authenticate the + +provinces of gemstones ā€œwithout the need to confirm with central authority no matter how many + +times the gemstone is cut, polished, or otherwise modified.ā€ Id. Ā¶ 8. Mr. Radyā€™s technology has + +been claimed in United States Patent No. 10,469,250 (ā€œā€˜250 patentā€), but he maintains that other + +aspects of the technology are kept in his confidence as trade secrets. Id. Ā¶ 9 + +&#x200B; + +In June 2016, Mr. Rady was employed by BCG, working on projects unrelated to + +identifying counterfeit gemstones. Id. Ā¶ 10. Mr. Rady claims that in 2017, BCG began work with + +De Beers ā€œto develop a method to identify and insure the provenance of gemstones,ā€ but could not + +develop a solution until contacting Mr. Rady. Id. Ā¶ 11. Mr. Rady then disclosed to BCG technology and + +alleged trade secrets included in his then-unpublished patent application. Id. Ā¶ 13. BCG agreed + +that the information he provided would be held in strict confidence and they would not use the + +information without his consent. Id. + +&#x200B; + +***BCG then publicized TRACR, its gemstone provenance and authentication method*** + +***developed for De Beers. Id. Ā¶ 14. Mr. Rady claims that this method was ā€œsubstantially similar to*** + +***the detailed method disclosed to BCG by Mr. Rady.ā€ Id. Mr. Rady alleges that BCG did not*** + +***compensate him for the use of his technology and terminated his employment. Id.*** Ā¶ 15. + +&#x200B; + +**I. Plaintiffā€™s Patent Claims Fail Under the Alice Test** + +The Federal Circuit has asserted that ā€œwhether a claim is drawn to patent-eligible subject + +matter under \[35 U.S.C.\] Ā§ 101 is a threshold injury.ā€ In re Bliski, 545 F.3d 943, 950 (Fed. Cir. + +2000), affā€™d sub. nom. Biliski v. Kappos, 561 U.S. 593 (2010). 35 U.S.C Ā§ 101 defines patentable + +inventions as ā€œany new and useful process, machine, manufacture, or composition of matter, or + +***any new and useful improvement thereof***.ā€ 35 U.S.C Ā§ 101. ***ā€œThe laws of nature, physical*** + +***phenomena, and abstract ideas have been held not patentable.ā€ Diamond v. Chakrabarty, 447 U.S.*** + +***303, 309 (1980).*** + +&#x200B; + +**CONCLUSION** + +Accordingly, Defendantsā€™ motions are GRANTED and Plaintiffā€™s infringement claim + +(Count I) is DISMISSED. The Clerk of Court is respectfully directed to terminate the motions at + +ECF Nos. 37 and 40. The parties shall file a joint status letter no later than 14 days from the date + +of this decision. + +&#x200B; + +# EDIT 1: Found this article which is an easier read, plus some added color, than the legal documents - [https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/software-developer-accuses-de-beers-boston-consulting-group-of-ip-infringement-59088564](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/software-developer-accuses-de-beers-boston-consulting-group-of-ip-infringement-59088564) + +## Software developer accuses De Beers, Boston Consulting Group of IP infringement + +Diamond miner De Beers SA and management consulting firm The Boston Consulting Group Inc., or BCG, are being sued in U.S. federal court on allegations of intellectual property infringement and the misappropriation of trade secrets in their development of a gem authentication and tracing platform unveiled in 2018. + +A former BCG software developer, Max Rady, filed a lawsuit in March in the U.S. District Court for the Southern District of New York claiming the Anglo American PLC subsidiary and BCG improperly incorporated the developer's personal research in creating TRACR, a blockchain-powered diamond traceability platform. De Beers worked with BCG to develop the program, part of an effort to mitigate sourcing of diamonds from conflict zones and to track potentially fake gems. + +According to a May 20 court filing, Rady had privately developed a system for tracking the provenance of gemstones using blockchain technology and filed for a U.S. patent on this method in December 2017, which was granted two years later. However, after learning of Rady's work in "early 2018" while he was employed at the firm for other purposes, certain BCG executives overseeing work on the project for De Beers contacted him and suggested that they could implement the invention in the final product, according to the filing. Rady claims that he then shared details about his technology "in strict confidence." + +Months after Rady disclosed the information to the BCG executives, the company "publicized its gemstone provenance and authentication method developed for De Beers, which became known as TRACR," the filing stated. "This method was substantially similar to the detailed method disclosed to BCG by Mr. Rady and its use and disclosure was contrary to BCG's agreement not to use or disclose without Mr. Rady's consent." + +De Beers spokesperson David Johnson said in an email that the company denies the allegations and "will be defending this claim." A representative for BCG declined to comment on Rady's time at the firm or the allegations referenced in the lawsuit. + +Legal experts told S&P Global Market Intelligence that the case is complicated and they expect both companies to aggressively fight Rady's claims. But, if successful, the lawsuit could leave the companies vulnerable to substantial financial exposure. "What this means in the end is, if \[TRACR\] is a process that's valuable, a large financial exposure for De Beers," said Dmitry Karshtedt, an associate professor of law at George Washington University. + +Intellectual property cases are complex and expensive undertakings, attorney Nicole Galli said in a June 17 interview. Galli said the complaint filed by Rady's attorneys was "thoroughly prepared," and there is "obviously a lot of history" between Rady and BCG leading up to the legal proceeding. Galli expects the companies to push back as hard as they can. + +"Given the value at issue here and given the size and scope of the defendants, I am sure they are going to put up as many road blocks as they can think of," Galli said. "I would expect it to be hard fought." +I'm reaching out to this sub, as well as people I know, real estate meet up groups, and biggerpockets for advice on formulating a concrete plan. + +I have $10k to start right now. But, I continue to save 50% of my income, as I moved back home to save. + +It seems like my best options thus far are partnerships, house hacking and BRRRR. I live in California and so buying here to start might not be a wise option. + +I plan to buy in another maket, perhaps the Midwest. I plan to reassess in a few years to see about trading smaller properties for fewer bigger ones. + +What do you guys think? What's the best way to do this? Should I look for 20 properties at $250 per door or see if I can put more money down for 10 properties at $500 per door? Is this a crazy goal? + +Thanks in advance. + +Edit: Looks like this post got a few comments. SO! Here are my thoughts: Whenever you create a goal and explicitly put it out for the world to see I notice two things: some provide encourage that it can be done and some temper expectations that it cannot be done. Both are invaluable perspectives, and I value them both. But, that means ultimately one is right and one is wrong. I think it is up to me now to choose which group is right. And I also invite you all to create this same goal for yourselves. If you have $2k per month now, bump it up to $5k by 2025. If you have $0K now, then you're like me--go get that $5k. We are all going to be 6 years older in 2025 anyway, let's have a little bit of passive income by then to show for it. Good luck! :) +After 2 years of binge watching financial videos and reading books I've come to the realization people are broke because they are getting paid dog shit. According to Dave Ramsey and many like him it's actually because "poor people are spending it on crap they don't need" sure there are the HENRYS (High earners not rich yet) but most Americans are not making 6 figures and living above their means. "Spend no more than 30% on rent" sorry but rent has sky rocketed and that eats up everything so no money left to invest in my roth ira or stocks! Low wages are the reason we are broke! +There have been markets on the coastal cities, southwest, southeast where markets have exploded. People are obviously doing deals there. What the reasoning behind paying double what somebody already bought a year ago? Type of investor? Can smaller guys still find deals in those markets? How do you approach those types of markets mentally? I would say most of you on here will say don't invest in them, etc. The market needs to crash first, etc. I've heard of investors still making a killing in these markets. +I'm currently a senior software engineering manager at a FAANG. I'm contemplating batistaFIRE in a few years when I turn 40 to spend more time with adolescent kids. My thinking is to go back to an individual contributor software engineer role at a tier 2 or 3 company. I figure that I can get the job done in 20-30 hours a week and have plenty of time. This would give me some income still to subsidize our spending and healthcare plans for the family. I think I'd also enjoy just coding again after so many years in management. + +However, I do have my doubts: + +- Will I be bored out of my mind? + +- Am I too ambitious to actually follow through? + +- If I ever want to go back to a FAANG one day when the kids are older, will it be possible? + +- Will any company even hire me for a software engineering role after I haven't coded as my primary job for 5 years now? + +- Will I really be okay with the significantly reduced compensation? + +Has anyone done this switch before? How did it go? +More and more progressive politicians are calling for the reintroduction of tax rates of 70%-90% for the wealthiest. I understand that one of the key arguments conservatives have is that the rich would just hide or move their money to avoid this. Was this the case when these rates used to exist, pre-Thatcher and Reagan? +Hello, I discuss economics with others sometimes and they often say things like "last year the middle class shrunk but hopefully this year it will grow". They say these things without any regard for the current structuring of the economy and as if the middle class is going to magically grow out of thin air. + +My question is: if we want the middle class to grow, what conditions or sets of conditions must be in place for this to occur? Please do not reply just "supply and demand". If increasing wages are a requirement, how does increasing wages come about? If full employment is a needed condition, how does full employment get economically implemented? + +Lastly, in which historical timeframe did the middle class actually grow? And what are we doing differently now which is causing the middle class to decrease? +Bitcoin has spectacularly 'died' several times + +šŸ“‰ - 94% June-November 2011 from $32 to $2 because of MtGox hack + +šŸ“‰ - 36% June 2012 from $7 to $4 Linod hack + +šŸ“‰ - 79% April 2013 from $266 to $54. MTGox stopped trading + +šŸ“‰ - 87% from $1166 to $170 November 2013 to January 2015 + +šŸ“‰ - 49% Feb 2014 MTGox tanks + +šŸ“‰ - 40% September 2017 from $5000 to $2972 China ban + +šŸ“‰ - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500 + +I've held through all the crashes. Who's laughing now? Not the panic sellers. + +Market is all about moving money from impatient to the patient. You see crash, I see opportunity. + +You - OMG Bitcoin is crashing, I gotta sell! + +Me - OMG Bitcoin is criminally undervalued, I gotta buy! + +N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before. + +When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'. + +Well, here's your chance at almost 60% discount! + +With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k. +I worked at a Otolaryngology clinic for about 7 years. I attended school for the majority of the day on Monday's and Friday's, which left me Tuesday, Wednesday, Thursday, and Saturday for my job. Also, I'm a single mom and sole caregiver for my child. + +So like most people affected by the pandemic, I had my hours reduced starting 3/16. I went from working around 32 hours a week to 0. To compensate for the week(3/16 - 3/19), I used my vacation pay. The last day I was paid was 3/19/2020 and nothing since then. The reason they told me for my reduced hours was that they didn't have patients. + +With no income, I asked my employer if I need to file for unemployment benefits. They told me no and said I should apply for Paid Family Leave and just stay home. I applied for it and on 4/1 and was told I was ineligible for PFL because my child was not diagnosed with COVID-19. With no other real options I filed for unemployment under the CARES act. I was approved and I have been receiving weekly benefits since 4/3 to now. + +Until last week, my last contact with my employer was on 3/24/2020. After I filed for unemployment, I got a message on 4/13 from my employer asking if I received PFL. I told them that I did not. They told me to call them. When I called them they asked specifically if I could work on days that I still have my classes (now I have classes over Zoom versus physically going to school). I told them I could not since I couldn't work those days before the pandemic due to schooling on top of caring for my child who is currently in the same online class situation as me. On 4/22 they asked me to come to work for one day a week (5 hours) because they are applying for the Paycheck Protection Program. I haven't replied to them yet, but about two hours ago I got an e-mail from my employer stating that they are an essential business and that they have been open since the outbreak. They also state that I was never laid off or furloughed. They end the e-mail by saying that "my refusal" to come to work is not complicit with the Department of Labor's rules regarding UI. + +I am kind of lost about this situation. Last month they told me to stay home and apply for PFL. The reasoning they gave for giving me no hours in March was that the doctor's were not coming in, so essentially the clinic was not open. They didn't contact me for three weeks after telling to stay home and are accusing me of refusing to come into work. + +Any advice or suggestions for this situation? + +&#x200B; + +\*\*EDIT\*\* + +I should add that they repeatedly told me not to file for Unemployment because their rate would go up. Also, another reason they are asking me to come back to work is so they don't have to payback the loan they received for the Paycheck Protection Program, but wouldn't that mean they are supposed to pay me my normal hours pre-COVID19? + +&#x200B; +I bought my first home in 2016. I lived in it until I bought my current house in 2019. I kept the first house as a rental (still in my name). Should I form an LLC? If so, what's the best way to transfer the home over to it? Do I sell it to my LLC? Is there a better option? +As of writing this, the yield on the 2 yr Treasury Note is sitting at 2.407% while the yield on the 10 yr is sitting at 2.440%. This leaves the spread at .033%, while it closed yesterday, 03/28, at .11%. + +This is the lowest spread we've seen since August of 2019, just before the spread inverted. + +"An inverted yield curve in U.S. Treasuries has predicted **every recession** since 1955, with only one false signal during that time.13 It even "predicted" the economic downturn that followed the COVID-19 pandemic (although most economists attribute this to luck, and not the fact that it can predict natural disasters)." -Investopedia +I was listening an episode of The Portal podcast, and at one point the host mentions that long term labour shortages don't exist in market economies. Is this true? What do you think about this claim? + +Here is the clip: + +[https://www.youtube.com/watch?v=X1L2F1Q4zBE](https://www.youtube.com/watch?v=X1L2F1Q4zBE) +Despite the many barriers to entry, such as time and experience, shouldn't CEO candidates compete with each other so much that pay should not be increasing as much as it is now? + +Or is there actual competition for CEO positions and the pay we see now is actually the result of the supply curve shifting as far right as possible? +So the larger a firm grows, the further the cost per good gets reduced usually helping them achieve a large part of the market if not the entire market itself. Isn't this the counter intuitive against competition? Since one firm is only going to consolidate more power/resources etc. +**Most important things about personal finance I wish I knew 10 years back.** + +Original text is on [Quora](https://www.quora.com/What-are-the-ten-most-important-things-about-personal-finance-that-someone-without-a-finance-background-must-know/answer/Christopher-Pollock-4?share=1) + +**1. Spend less than your cash flow.** Easy enough concept, and it is the number one rule. + +**2. Pay yourself first.** When you get your paycheck, set money aside for yourself before any person or company you owe. This will determine whether you move up financially or not. + +**3. Every dollar is an investment.** Even if you are going to Disneyland, it is an investment into your personal happiness and an investment into the relationships you are building with your companions. Every dollar you spend must be advancing you in some way. This will fight off instant gratification. + +**4. Always expand your knowledge on making financial choices.** You have never learned everything you need to know. I don't care what school you went to. Keep reading, keep learning. + +**5. Don't listen to false prophets.** Just as I encourage you to learn more, it is important to tune out of the advice of people who set bad examples. If your dad is 65 years old and still has not retired, you might want to think twice about following his instructions. Instead, listen to high-identity people. + +**6. Set yourself up for financial security, don't have your job do it for you.** This is so important, and yet absolutely no one follows this rule. If you get a job, your employer will sit you down with HR, and an unqualified person from HR will give you deferred compensation options. This person is not licensed in financial options, and so cannot legally advise you. Choose your own retirement vehicles, because it is very likely you can hop employers. + +**7. Shop for competing prices for everything and never buy anything at full price!** Clothes, car maintenance, insurance. If you are ever paying full price for a service, you are being exploited. + +**8. Take care of yourself physically and legally.** Smoking will raise your life and health premiums. Getting a DUI will disqualify you from life insurance all together. This closes doors that can save you from being a slave till the end of your days. + +**9.** **Your hourly earnings are important.** Your annual earnings are not. *Someone making $50,000 a year at $500 an hour has more of their time (meaning their life) than someone making $100,000 at $50 an hour.* This is the single most important concept in understanding who is rich and who is not. *Someone is not living an enriched life because they have amassed wealth and material possessions.* ***Someone is living an enriched life because they have the freedom to spend their time how they wish!*** + + +Iā€™m holding till I see oh shit money and then holding about 10% of my shares until they have closed the doors and shut the lights off handcuffed. All this drama makes me laugh because real diamond hands know whatā€™s up and the jokes on Kenny Mayo hands. Iā€™m just gonna sit back and watch the shit show. To the moon fellow apes šŸ’ŽšŸ™ŒšŸ¼šŸ¦šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +I am approximately $25M in net worth... approximately $5M in stocks, $2M in real estate... and... the rest in CASH. The problem is in my current situation the cash is coming in far faster than my plan to do anything with it. Approximately $5M a year. Basically what has been happening is I focus all my attention on business and the cash builds up to silly levels... then I feel like I don't have the time or energy to focus on what is actually potentially the most important thing. What to do with $15M in cash that just keeps growing?? Do I just drop it all in index funds, tax free municipal bonds, etc. and call it a day? I really am having a problem with mentally finding the right approach. + +To illustrate the issue... I've seen a few posts about the $250K limit at each bank, etc. People's advice is to not keep so much cash, create different account holders, etc. None of this really helps when your income is more than $250K a month. If I don't watch it.. the cash gets to the point like where I am today when the bankers at our bank look at me like an alien when I do a withdrawal in person! + +I really need to identify an automated way to handle money income and what to do with it. it's a problem and is becoming very stressful to feel like I should be doing something to solve the problem of a ton of cash coming in the door faster than I know what to do with it... and I have no plan! I need a mentality shift, but I don't know how to navigate it. + +Anybody else go through some enlightened similar mental transition that could share some thoughts? Who do you turn to? +TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga + +Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor. + +&#x200B; + +>If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty* + +&#x200B; + +Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga. + +Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert\_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January. + +**Hypothesis**: Bank of America is the biggest bagholder in the Gamestop saga. + +**Supporting Evidence:** + +**The 15 Billion Dollar bank bond**. + +On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral? + +[https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409](https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409) + +BAC needed that 15B bond for insurance + +[https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan](https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan) + +watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE. + +**I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.** + +&#x200B; + +**The Citadel Link** + +So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now. + +Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. **I think it is going to be an issue for someone else as well.** + +&#x200B; + +[ Citadels Liabilities ](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae) + +**Notes from the financial statement for Sussqhana and Citadel** + +&#x200B; + +[ Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed ](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183) + +Let's check what Citadel says about its Prime Broker ----> + +&#x200B; + +[ Who is holding Citadel's bag of shit? ](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463) + +&#x200B; + +[T his is also found in Citadels 2020 Annual Finacial report \\"A substantial portion of Citadels' options clearing and Financing activities are with BAML\\" ](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb) + +BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless. + +**Something to consider...** + +Virtue Capital annual report + +[https://sec.report/Document/0001592386-21-000005/](https://sec.report/Document/0001592386-21-000005/) + +They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH ..... + +what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B. + +[https://outline.com/SxAFCy](https://outline.com/SxAFCy) + +https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8 + +Virtue Capital payment for order flow + +then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit + +**The Loan** + +&#x200B; + +https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b + +They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH + +**The New Hire?** + +A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutionsĀ at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal? + +[https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel) + +**Look for the usual suspect** + +I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them. + +[https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20](https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20) + +https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21 + +**The 13F Filings** + +In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit. + +[https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4\_tab\_link](https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link) + +**The recent Bank of America Q10 Quarterly report** + +I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem. + +The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that. + +&#x200B; + +[ Page 47 on their recent Q-10 ](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7) + +[https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf](https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf) + +**The Bullshit Push for Silver** + +Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit. + +[https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790](https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790) + +[https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/](https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/) + +**The Roaring Kitty** + +It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff. + +[ Bank of America ATM and the GME logo ](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5) + +**The closed locations:** + +Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look). + +**Bank of America Analyst Shitting On GME** + +"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%" + +"This is not a good quarter,"Ā Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company." + +Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January. + +[https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus](https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus) + +**Conclusion:** Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert\_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions. + +**Note**: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks. +I want to start investing my money monthly really bad. I donā€™t know why but I have the feeling there is an market crash incoming. If I start now, I will be buying on the top. But if there will never be such an crash I will lose a lot of time. Right now a lot of stocks are at ATH. + +I already waited a long time. Made a solid investment pie. Got an dividend goal set. Just this thought holding me back on going all in. + +Do you guys also think there is something going to happen or am I sounding paranoid? Please do be honest. + + +This morning I experienced something fairly odd with fidelity. Iā€™ve been a long time customer. + +**TL;DR: I believe they locked my account so I would have to call them. I was connected with an ā€œInvestment (Relations) Mangerā€ to reset my password. My Direct Registering and purchase of GameStop was brought up. They wanted to discuss new tools and consolidating other funds to Fidelity for my account.** + +ā€”ā€” + +Normally, with two factor authentication, I get a code texted to my mobile in order to login immediately. + +However, this morning I wanted to check my balance and didnā€™t get the texted code. Tried it 4 times. I was in a location where I have received this texted 2FA code many times. + +Then, instead of getting a screen to enter my 2FA code, I get a screen showing that thereā€™s an issue with my password and I need to call fidelity. + +https://preview.redd.it/5l7td438xz381.jpg?width=738&format=pjpg&auto=webp&s=fd826fb2004bb67a91ce1479f056befb65fd62bf + +I believe they specifically locked out my account so they could get me on the line to discuss GameStop, how my experience has been, and offering a follow up to discuss new tools and consolidate my other finances elsewhere. + +There was no issue with my password. I didnā€™t have to reset a password. It is as if they locked the account specifically so I would call and they could discuss DRS and GameStop. + +I was able to login normally and get the text immediately. Iā€™m in the same location where it wasnā€™t working this morning. + +So, I called Fidelity. I confirmed my identity. Iā€™ve gotten this automated system many times from DRS-ing. You all know the one - ā€œSay what youā€™re calling forā€ ā€œSay your birthday so we can identify youā€. I was then connected to an ā€œInvestment Managerā€¦ + +*I.M.: ā€œHowā€™s your experience and investments going?ā€* + +*Me: ā€œFine I just need to access my account. My mobile isnā€™t giving me the 2FA Code to sign in.ā€* + +*I.M.: ā€œWhat are you looking to do?ā€* + +*Me: ā€œLook at my stocks and see my account balances. Iā€™m just looking to get my password reset.ā€ ( I honestly wanted to say itā€™s none of your fucking business what I wanted to do, but it seemed like he was digging for something).* + +*I.M. ā€œOk, great. Iā€™ll need to put you on hold for 3-5 min while I verify somethings.ā€* + +3-5 min hold + +Iā€™ve called to DRS through this same system. Normally, they have my phone number and birthdate and can see my account in front of them immediately. So for him to put me on hold to ā€œverify some thingsā€ raised some flags. He was either wasting my time or figuring out how to bring up GME and DRS. + +After 3-5 min, the ā€œInvestment Managerā€ gets back on the line + +*I.M.: ā€œOk, looks Iā€™ve reset everything. By the way, I see you have direct registered a lot of shares from GameStop - is Fidelity the primary place you trade GameStop?ā€* + +*Me: ā€œI trade a lot of different shares and have traded over the years.ā€* + +*I.M.: ā€œWhy are you deciding to move shares out?ā€* + +*Me ā€œBecause I want those investments registered directly in my nameā€* + +*I.M.: ā€œWell we have a lot of tools available and have improved them over the past year. Would you be interested in learning how those tools can help and if you might consider consolidating your money existing elsewhere with Fidelity.ā€* + +I played along. I didnā€™t want to tip my hand that I know they are full of shit and I donā€™t trust them. I also didnā€™t want any further action taken on my account. + +The call ended with him transferring me to another manager and setting up a meeting to discuss their ā€œtools and servicesā€ at a later time. + +I have been a fidelity customer for 10+ years. + +I have never had this type of call. Ever. + +I have also never been randomly locked out of my account from the mobile app. + +Why was I connected with an Investment Manager to reset my account password - in which, he never reset it, but only reactivated my access? + +**ThEy ArE FooKin NeRvOus** + +Not financial advice. +Playing online is the trend in todayā€™s era, everyone has a pc or mobile on their hand and spends their pass time playing online. Think what happens when you are traveling in the metro or bus for approximately 1hour or more or less and spending your time playing online mobile games and on every win you are getting cash prizes (digital cash). + +Earning currency that has real-world value while having fun is one of the main reasons why play-to-earn games have become so popular. Creating NFTs that can become a profitable asset is another. I have my eyes on these games; + +[PlayEstates](https://www.playestates.com/) \- This is one of the best games I have played in this space. The game is founded on two main principles; Play video games and create digital products for fun and profit. It doesnā€™t matter whether you are a professional gamer or a casual player. Now hereā€™s the catch; Tokens gamers earn from the game are tied to Real Estate Plays IRL. This means their value is backed by real, tangible real estate investments. + +[The SandBox](https://www.sandbox.game/en/) \- This is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain. You can own virtual land in the metaverse, you can build your games on the virtual land, and you can make play turn games for yourself. A crucial characteristic of The Sandbox is its adaptability. Users may tailor the world to their preferences and requirements. Therefore, it is an intriguing alternative for game designers and players who want to create a distinctive experience. + +[Decentraland](https://decentraland.org/) \- Itā€™s a virtual reality platform that allows players to construct their own 3D world, buying land and developing it within the platform. Once a player buys land, they can create anything they want with it ā€” from building a separate game to opening an online store thatā€™s open for business. A player can also pay other users to keep their land secure while theyā€™re offline. + + +Which of these games have you played so far. Feel free to add to the list! +Hi, folks + +My biz partner and I built this website to share financial data/insights. Our long-term goal is to make financial data/insights free and easy to access. The first feature is the 10K/10Q download: [https://finshmarket.org/home/findata](https://finshmarket.org/home/findata), where you can download multiple filings with a click. + +It's simple and not perfect yet. But we want to get your feedback ASAP and build future feature based on your input. Having collected all the 10K/10Q data from the past few years, we can do a lot of interesting things, such as screener, apply evaluation models on each company, etc. + +It would be really helpful if you can tell us what you think and what features you want to see in the future. + +Thanks! +Iā€™m looking at this in the context of stagflation and trying to decide if buying an investment property is the currently ā€œthe moveā€ or if I should wait. +According to the latest SEC filing, this is what they say about the breach: + +1. Up to 1.2 million active and inactive Managed WordPress customers had their email address and customer number exposed. The exposure of email addresses presents risk of phishing attacks. +2. The original WordPress Admin password that was set at the time of provisioning was exposed. If those credentials were still in use, we reset those passwords. +3. For active customers, sFTP and database usernames and passwords were exposed. We reset both passwords. +4. For a subset of active customers, the SSL private key was exposed. We are in the process of issuing and installing new certificates for those customers. +Good afternoon r/dividends, + +This post is designed to serve as a reminder that we here on the subreddit do not permit the discussion of securities with a market cap under $1 billion USD. This rule is (and has been) located on the subreddit sidebar, under Rule 9. The exact phrasing is: + + **9.Abuse of the community** + +We do not allow: + +* Utilizing the community as test subjects for market research +* Taking advantage of any community member +* Conducting so-called "social experiments" or "pranks" on community members +* Karmawhoring +* Using the subreddit as a recruiting platform +* Testing a product or service on the community or any of its members +* Potential market manipulation by the creation of dedicated posts & comments on companies currently trading with a market cap under $1 billion USD. + +Please note. Even if the security does not trade in USD, this rule still applies. The post will be removed if the security's USD equivalent market cap or AUM is less than $1 billion. + +**Why is this post being made?** + +In the last week, I have seen and removed over a dozen posts made about these minor companies. We do not have this rule because we want you to only invest in large companies. There are quite a few small cap companies which have made excellent returns. That is not the issue. The issue is the potential for market manipulation. In the United States (where Reddit is based), investment media journalists are not allowed to make buy/sell recommendations on live tv if the stock is under a certain market cap. This is because these shows get hundreds of thousands, or millions of eyeballs. This subreddit is no different. I make public [the viewing statistics](https://www.reddit.com/r/dividends/wiki/statsfornerds/monthlytraffic) for this community. Last month, about 190,000 unique users viewed the subreddit. If we each had an average of $10,000 in our portfolios, then you are looking at approximately $1.9 billion in assets. That amount of money directed at individual small-cap stocks could cause dramatic swings in price and volume. + +I built a filter for Automoderator that automatically removes any post in violation of this rule. It has been running for some time. However, it is not perfect. I am making this post to help the average user of the subreddit be more aware and to report any post they see in violation of this rule. I do not know about you, but I do not want to be dragged in front of a congressional committee for market manipulation. + +Thank you for participating in r/dividends, + +u/Firstclass30 +Itā€™s like everyone there has a 50,000 dollar emergency fund. 100k in savings. Getting paid 100k a year. Meanwhile Iā€™m unemployed and struggling to meet my basic needs. Itā€™s just so depressing. +So I bought this restaurant with a friend of mine about 2 years ago. The premise was that Iā€™d be the operating partner and I took a small salary (60k) to run this and help us expand to a new location. Going into this I was very financially well positioned but the paycut and us not taking a draw in 2 years really put me in a bad financial toll. I recently got back into my primary career (software development) and took a job that pays 165k w/benefits. Heā€™s still wanting me to be the managing partner but I canā€™t survive with that pay. Especially when he asked for a call for more funds from me because we are expanding and I was like dude Iā€™m drawing 60k right now where do you think my money is coming from. Iā€™m about to tell him to shove the salary and Iā€™ll just take only my quarterly draws (I own 25%) and now youā€™ll have to actually deal with day to day operations. Just kinda a rant and curious what yā€™allā€™s opinions are. +Currently living at home on 24,000 a year, Ā£1600 take home after everything. + + Iā€™m going to have to move out the house soon and rent a place but this is where my debt problem is starting to scare me. + + I currently pay: Ā£100 credit card, Ā£151 loan, Ā£180 loan, Ā£50 phone (ending soon), Ā£40 insurance, Ā£30 gym. + +Total debt is about Ā£9000 if I was to clear it today + + Is there any options for me? Unfortunately I had bad credit otherwise Iā€™d try and take out just one loan and nuke these debts at a lower price per month. + +Iā€™m so worried Iā€™m going to struggle + +Thank you all +I asked businesses that deal with stock about buying 10k worth of stocks and they said it isn't enough to be a good idea. They suggested investing in funds that are more diverse. +I know that 3 companies in my country are essential for the workings of the country and they pay out at least 7% dividend so I wanted to buy those stocks. I'm pretty sure our country cannot let those 3 companies go bankrupt and will save them as it did in 2008. Is it a bad idea do but those stocks? I have 20k in my account, so still 10k left if I buy 10k of stocks. + +I would buy the stocks more for the dividends than for the stocks rising. +&#x200B; + +https://preview.redd.it/dpu1id4r3im71.png?width=678&format=png&auto=webp&s=6831e91c3b1e0ec162aa0b0bab17eefcc4f8ec42 + +Hello Apes & Apettes, + +&#x200B; + +I understand the last 2 weeks have been filled with a lot of anticipation, and let's face it, not a lot happened. I'm a firm believer that the previous spikes/price movements that occurred earlier in the year have been a function of settling the rollover window of quarterly futures contracts. + +Now I think I have the why we didn't see the same price action during this window, and my hypothesis will go into depth on that. As usual, nothing here is financial advice, and my hypothesis could be wrong. The great thing about the scientific method is that it should eventually reach the truth. I am not asking anyone to debunk me, but rather if I am wrong, help me get this right. + +Some of this information is from previous [posts](https://www.reddit.com/r/Superstonk/comments/pdahbt/cmes_equity_total_return_swaps_counterparties_may/) of mine. 2 weeks ago I predicted the lack of action this window but I got downvoted to hell and was called FUD. I want to get as many eyes on this theory as possible and hopefully, help uncover the mechanics of what is going on. I also want to shout out to my buddy u/toxsic99 for helping me dig, and continue to find new stuff. + +**Hypothesis: The CME group is a counterparty to SHFs and is holding a giant bag for Memestock short positions. Additionally, the CFTC let them transfer those positions as realized losses would have significantly hurt the systematically important derivative clearinghouse.** + +A few weeks ago I stumbled upon some information regarding the Chicago Merchant Exchange Group (CME) that points to manipulation with Commodities Futures Trading Commission's (CFTC) stamp of approval. We will get to that. + +First, we need to investigate who the CME group is.... + +CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. It has been designated as a Systemically Important Derivatives Clearing Organization (SIDCO). + +CME Clearing serves as the counterparty to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, maintaining a matched book, and limiting the credit risk by guaranteeing the financial performance of both parties. In a bilateral system, each participant faces the concentrated, individual credit risk of the other party to the transaction. Satisfactory fulfillment of the transacted contract or agreement depends primarily on the creditworthiness and proper behavior of each individual party to each transaction. CME Clearing mitigates counterparty risk through becoming the counterparty to both sides of the transaction, while utilizing risk tools such as: the collection of a performance bond (also referred to as initial margin), daily mark-to-market cycles, and the collection of Guaranty Fund contributions, among other tools. By this mechanism, the concentrated credit risk of each transaction is transformed into a well-diversified and regulated risk supported by the financial safeguards system [Link on risk](https://www.cmegroup.com/clearing/files/financialsafeguards.pdf) + +Let's look at their performance bonds and Guaranty Funds for the past few years... [Link to quarterly reports](http://investor.cmegroup.com/sec-filings/sec-filing/10-k/0001156375-21-000020) + +[In the last few months, the Performance bonds and Guaranteed Funds have ballooned to $141 Billion Dollars. That is roughly a $104 Billion increase in 18 months. ](https://preview.redd.it/b2s895w92fm71.png?width=1029&format=png&auto=webp&s=c58d0dced2269fd7a2a51f229fb257900302e541) + +&#x200B; + +**What are performance bonds?** + +Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. + +&#x200B; + +https://preview.redd.it/xh09ughgjim71.png?width=299&format=png&auto=webp&s=9dfc480dc0c7ec4297bf619fb2940acbb7b633ae + +**TD/DR In the last 18 months, the value of the CME group's Performance Bonds/Gaurarentee Funds grew 381%. As these are used to mitigate risk in futures/swap contracts, it looks as 1 of 2 things have happened in the last couple of months** + +1. **Their current customers may have some increasingly risky positions, and the vast increase in these bonds/funds reflects that.** +2. **They may have had a significant increase in new customers and the increased bonds/funds are due to that** + +&#x200B; + +**Now let's look at the futures rollover window.** + +These are graphs that were previously posted that show a significant uptick in the price during rollover windows. It was predicted that we were to see another spike from August 27th until today Sept 9th. + +https://preview.redd.it/ckyczghxihm71.png?width=2206&format=png&auto=webp&s=03cbc208adfa4c4b4477f31c97cb77e8ff168463 + +https://preview.redd.it/7gsorcgwihm71.png?width=981&format=png&auto=webp&s=5625f3b9ad4f356fc11de70963d46b61bc2e9ecf + +Based on Criand's work on the futures swaps theory, it looks as if the previous price movements may be due to the settling of the change in the underlying positions of a swaps contract between SHF & the CME group (of whom Citadel is a large investor). + +In theory, those who have shorted GME heavily would have to settle the net change in the underlying position of the contract with the CME group, and they would have had to do so during these windows. If this theory is correct then this is why we have seen those large run-ups earlier this year. I speculate that a majority of the price action this year is due to this mechanism and that internalizers have basically neuralized any retail buying pressure. + +**The CFTC met with the CME group earlier this year regarding amending bankruptcy regulations.** [LINK](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings/dfmeeting_091620_1724) + +For those who don't know the CFTC is the Commodities Futures Trading Commission is the governing body that ~~regulates~~ should be regulating swaps and futures. On paper, its mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. They also met with members of the CME group earlier this year. + +https://preview.redd.it/ekecnutbkhm71.png?width=912&format=png&auto=webp&s=7bcd8d4607688b6c892c7d34a15bfdf3bd5f5e32 + +Now, why would the CME group want to discuss segregation and bankruptcy with the commodities futures trading commission? + +Well, I'm glad you asked! It looks like it may have been regarding the regulation of "transfer of trades and customer accounts" as the 2 connected for an amendment to those rules a couple of months later! + +**Transfer of Trades Amendment** + +On August 11th the CFTC sent a letter to Mr Chris Kirkpartrick of the CME regarding the implementation of a proposed amendment on the Transfer of Trades and Customer Accounts rules. + +This amendment discusses a new provision for a clearing member who wishes to manage the liquation and hedging of a defaulting customer. This clearing member has the contractual right to transfer the position. These amendments were effective at the beginning of the last rollover window (August 26th 2021) [LINK](https://www.cftc.gov/sites/default/files/filings/orgrules/21/08/rule081121cmedcm001.pdf) + +https://preview.redd.it/0pvdohtqjhm71.png?width=1013&format=png&auto=webp&s=45929183c5502e67fffd1492ea7f9b272e1197f3 + +What are the core principles of this amendment.... + +[ The CME is allowed to transfer the trade if the situation requires if it remedies a market disruption. Such a trade does not relieve the responsibility of the clearing member. ](https://preview.redd.it/f2zu1psrjhm71.png?width=1009&format=png&auto=webp&s=d41a34d30711d2a32f1360f4e773190df81eaf3b) + +&#x200B; + +Now if the price movement in the previous cycles were from settling the change of a futures position to the CME, if CME is now holding the positions due to the default of the counterparty it makes sense that we did not see any settling/price movement. + +**Conclusion: On the first day of the roll-over window, the CFTC adapted the rules to allow for the CME group to transfer the extremely bad meme stock short position, and to liquidate those who were to default due to it. As per the comment in the letter had they not transferred the position this SIDOC would incur significant losses. Due to margin requirements, I believe forced liquidation would have occurred and triggered the Moass. There is no such thing as coincidence here and this had to be in effect as the rollover window started. With the CME's counterparty liquidated there was no longer an obligation to settle the change in the position during the window.** + +**\*\*\*This doesn't change a thing. I for one just really like the stock. Congrats everyone on a great earnings report! All short positions eventually need to be closed. \*\*\*** + +**\*\*\*\*Also it would appear from new information that it might be possible that the deadline to roll out a futures contract could be the expiration date and not the roll date that is used on the** [**CME website**](https://www.cmegroup.com/trading/equity-index/rolldates.html)**. I still believe given the documentation above that the position was moved to delay the MOASS, but we shall see by the Sept 17th expiration date if there is any change.\*\*\*\*** + +**Cheers** + +&#x200B; + +**Discussion points** + +* If this theory is correct the short position has been moved. I believe it is fairly likely that the CME group is holding this position (who else would take it?). If this thesis is correct we may be able to see some evidence on their next quarterly report. +* To be honest there are clues that we may not see a spike in this window. The whole week after the price jumped on August 25th the MSM talked about options, and it was the only time in the entire year that they even mentioned options. It's clear that the narrative was to excite retail into buying in and sell those contracts at an inflated price. I think a lot of retail investors got burned. As a general rule I try to do the opposite of what the MSM media say, and it's done me pretty well. +* Secondly, the CFTC is suspect and to be honest, is probably a gigantic reason for this mess. The fact that they have limited reporting requirements for swaps until 2023 shows exactly whom they are protecting. Last week I filed some FOIA requests regarding the organization and will keep you all updated with what I get. +* RC if you happen to come across this why cant I buy a GME snapback on [Gamestop.ca](https://Gamestop.ca)? Come on man! +Reading through some of the posts on this subreddit I see a lot of income levels that I'm not sure I'll ever be able to get to...I'm wondering what industry people here work in, and what kind of paths you took to get to where you're at today. For reference I work in cybersecurity +Individual investors are currently at **\~83.3 million GME shares DRSed.** + +Current price is \~$27.6 + +Thats $2,299,080,000. + +**2.3 Billion Dollars** worth of shares are currently DRSed. + +&#x200B; + +Do you even realize how amazing that is? + +And most of the apes (me included) have a cost base much higher. + +With a rough estimate average of 40$/share (160$ pre split) that's about **$3.3 Billion invested** and DRSed. + +**Just the DRSed shares.** + +&#x200B; + +**That's roughly the GDP of some countries in Africa!** + +And that's just a small percentage of the actual share count in the hands of apes who haven't DRSed yet. + +&#x200B; + +If that doesn't make you bullish as fuk I don't know what will... + +Damn my nipples are dripping diamond juice right now! + +&#x200B; + +SHFs are fukd. + +BUY, HOLD, DRS! + +&#x200B; + +Edit: + +Thanks for the awards guys. ;) + +As this thing got some traction and has the potential to reach people outside of SuperStonk: + +**If you got interested, start your journey** [**here: The GME Masters' Guide: A DD Campaign for Apes Levels 1-20**](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) + +&#x200B; +[Listen to full episode](https://youtu.be/m-i-XmIyObg) + +Demetri Kofinas speaks with Gillian Tett, chair of the editorial board and editor-at-large of the Financial Times about Americaā€™s new ā€œwartime economyā€ and the unspoken consequences of the most radical financial and political crisis since World War II. + +Demetri starts the conversation by asking Gillian what itā€™s like to run the largest financial newspaper in the world during the greatest economic and political crisis in three generations. The two discuss the latest central bank policy actions, fiscal stimulus, and a series of other timely topics ranging from distressed corporates, emerging markets, dollar funding, and much, much more. +https://twitter.com/MoneyTelegraph/status/1471149781913321472?t=3rjLvX0oWhXwm-Mw7XqIlA&s=19 + +10.1% interest is an absolute joke. By my calculations you'd need to be earning over Ā£66k a year for the repayments to be larger than the interest gain on a Ā£50k loan balance +All the discussion about the US Election will go here. Try to keep it focussed on the Markets people. This isn't /r/politics or /r/conservative. + +&#x200B; + +This Megathread will last until the Weekend, one side conceeds defeat or one side is ordered to lose by the US Supreme court and there is no rioting/major civil disturbance. + +&#x200B; + +A new thread will then be created if needed in event of Civil War/Major Unrest/Qanon Bombings/Alien Invasion/Meteor/Lizardmen Attack or whatever 2020 has ready for us. + +&#x200B; + +Note that due to time zone differences, results are very unlikely before late Wednesday evening. Given postal voting, results are not especially likely before the end of the week our time. +Thanks very much for this sub... I've lurked and learned so much from you folks. + +&#x200B; + +Age 53. $502k in 401k, $502k in other investments, $45k living expenses. $21k a year pension and health care when I turn 60 from the Air Force. Didn't count social security. House is paid for, no loans, spouse, or kids. + +&#x200B; + +[https://firecalc.com/index.php?wdamt=45000&PortValue=1040000&term=42&ss1=0&ssy1=2032&ss2=0&ssy2=2034&signwd1=-&chwd1=21000&chyr1=2026&wd1infl=adj&signwd2=%2B&chwd2=0&chyr2=2024&wd2infl=adj&signwd3=%2B&chwd3=0&chyr3=2028&wd3infl=adj&holdyears=2019&preadd=0&inflpick=4&override\_inflation\_rate=3.0&SpendingModel=constant&age=48&pctlastyear=0&infltype=PPI&fixedinc=Commercial+Paper&user\_bonds=4.0&InvExp=0.18&monte=history&StartYr=1871&fixedchoice=LongInterest&pctEquity=75&mix1=10&mix2=10&mix3=10&mix4=40&mix5=40&mix6=10&mix7=15&mix8=5&user\_inflation=3.0&monte\_growth=10&monte\_sd=10&monte\_inflation=3.00&signlump1=%2B&cashin1=0&cashyr1=2022&signlump2=%2B&cashin2=0&cashyr2=2032&signlump3=%2B&cashin3=0&cashyr3=2037&process=survival&showyear=1960&delay=10&goal=95&portfloor=0&callprocess=Submit&FIRECalcVersion=3.0&](https://firecalc.com/index.php?wdamt=45000&PortValue=1040000&term=42&ss1=0&ssy1=2032&ss2=0&ssy2=2034&signwd1=-&chwd1=21000&chyr1=2026&wd1infl=adj&signwd2=%2B&chwd2=0&chyr2=2024&wd2infl=adj&signwd3=%2B&chwd3=0&chyr3=2028&wd3infl=adj&holdyears=2019&preadd=0&inflpick=4&override_inflation_rate=3.0&SpendingModel=constant&age=48&pctlastyear=0&infltype=PPI&fixedinc=Commercial+Paper&user_bonds=4.0&InvExp=0.18&monte=history&StartYr=1871&fixedchoice=LongInterest&pctEquity=75&mix1=10&mix2=10&mix3=10&mix4=40&mix5=40&mix6=10&mix7=15&mix8=5&user_inflation=3.0&monte_growth=10&monte_sd=10&monte_inflation=3.00&signlump1=%2B&cashin1=0&cashyr1=2022&signlump2=%2B&cashin2=0&cashyr2=2032&signlump3=%2B&cashin3=0&cashyr3=2037&process=survival&showyear=1960&delay=10&goal=95&portfloor=0&callprocess=Submit&FIRECalcVersion=3.0&) + +&#x200B; + +Started work at eleven with paper routes. Worked all my adult life in the Air National Guard and/or as a civilian software engineer. Squandered some but saved a lot. Hated my civilian job for the last five years. + +&#x200B; + +My project's contract got delayed. The cheap people could hide on other projects. The expensive people (though not the managers, of course) had to take vacation. Over a month vacation gave me the time to calculate what I need, if I can afford it, and if I wont go crazy. Turns out all the calculators said I should be fine. And I didn't go crazy. + +&#x200B; + +So here I am. Signed up for my own health care for the first time in my life. Doing more of all the things I missed... running, walking, exercise, reading, cooking, sleeping, yoga, juggling, and fluting. Waiting for summer to do more hammock lounging, juggling, and unicycle. I may look to a part time job but I doubt I'll get bored. + +&#x200B; + +Take care everyone! + +\----Joe +For the last year, my husband has been trying his hand investing. He started off with currency trading and lost his first $8k there. Then, he withdrew all his shares from various stocks to try his hand at investing through Tasty Works platform. He lost All his money there. After having a discussion, he agreed to put the rest of our savings in a mutual fund but went behind my back and instead withdrew $22K from his IRA. On Friday, he made another bad trade and lost everything he had in his IRA and told me that we now owe 10% to the bank for early withdrawal of his IRA. I am past the point of being furious and now looking to see what our options are. Is there any way to at least get the 10% early withdrawal fee waived? +Bank of Montreal anticipates that as much as 80 per cent of its staff -- or about 36,000 employees -- may adopt new flexible arrangements that blend working from home with going into the office even after the Covid-19 pandemic subsides. + +The virus prompted the bank to make a sweeping reappraisal of workplace policies, according to Mona Malone, chief human resources officer. She said the lender expects that 30 per cent to 80 per cent of employees may continue to work from home at least some of the time. The Toronto-based bank employed about 45,000 people as of Jan. 31. + +ā€œWeā€™ve been able to maintain continuity of banking services with far more people working outside the office than we ever thought possible,ā€ Malone said Monday in an interview. ā€œWe thought it was critical that we were in the office to make something happen, and what weā€™ve proven through this is thatā€™s actually not the case.ā€ + +Chief Executive Officer Darryl White has said ā€œa 2.0 versionā€ of the workplace may include the blended home-and-office arrangements, as big employers worldwide reconfigure offices and routines. Malone said Canadian and U.S. branch employees have ā€œby and largeā€ been going into work during the crisis along with a ā€œsmall amountā€ of technology and operations employees, while 95 per cent of those in office towers have been working from home. + +About two-thirds of the firmā€™s employees are in Canada, while 13,408 are in the U.S. and 1,578 overseas. The post-Covid plan involves more workers at home including ā€œa tonā€ of employees with hybrid office-and-home roles, and fewer people working solely at company locations, Malone said. + +ā€œItā€™s a blended approach of thinking about productivity and flexibility and for us not a return to the way it used to be,ā€ she said. ā€œItā€™s about an evolution in the way that we work.ā€ + +As with many companies worldwide, Covid-19 has already upended much of the workforce of Canadaā€™s fourth-largest bank. For example, call-center agents initially went into offices at the start of the outbreak. Then in the past month, the bank shifted half of its Canadian call-center staff and 80 per cent of its U.S. agents to home offices. + +ā€œThatā€™s not a temporary thing,ā€ Malone said. ā€œWe donā€™t have to think about contact centers as just these geographical hubs, and we can use this remote way of working.ā€ + +The work-from-anywhere trend helps keep employees safe, Malone said. Crowding workers into office towers while dealing with mass transit, elevators and social distancing is ā€œproblematic.ā€ She added that the new approach can also present recruitment possibilities. + +ā€œIt allows us to look for new talent in locations where maybe we havenā€™t before, and tap into talent pools across the country,ā€ she said. + +The bank has already seen unexpected benefits in deal-making, as investment bankers use time once spent on commuting to communicate with clients. One investment banker in New York expressed surprise that ā€œdoing pitches virtuallyā€ has been a success, Malone said. + +ā€œItā€™s causing this person whoā€™s 25 years an investment banker to rethink whatā€™s possible,ā€ she said. + +https://www.bnnbloomberg.ca/bmo-says-80-of-employees-may-switch-to-blended-home-office-work-1.1431569 +Seriously. + +How many more times are we going to bite on hype backed by unverifiable DD? + +5? 10? + +It's been 125 long years since I joined this saga last January, and I genuinely don't understand what's real and what's not in this sub anymore. It's very difficult for me to tell right now whether people are muddying the waters of understanding because they're genuinely confused, or if they have ulterior motives. + +One thing I do know, however, is that shorts haven't closed and GameStop is in the process of building an awesome business. I also know that Gamestop posted the number of directly registered shares on their 10q for a reason. This is the closest they can legally get to telling us to directly register our shares themselves. + +I simply don't understand why we're discussing anything else on this sub. This is the solution. This is the only thing retail can do to help themselves. + +No one else is going to help us. + +The SEC won't (duh). Gamestop's hands are most likely tied legally. Literally every other entity in the financial world wants us to fail. + +There's no other way out. Until we forcibly remove our shares from the clutches of the DTC, nothing will change. We're playing in their house by their rules and they will continually pull the rug on us. + +Genuinely ask yourself: + +* Do you think it's a coincidence that we see options hype pushed before every big expiry date? +* Do you think it's a coincidence we see future's/swap hype pushed right before they change swap reporting requirements? +* Do you think there are any regulations or payment due dates they don't know about months before us? + +I don't. + +They know every single theory we have and they're very familiar with the system they've built for themselves. I think for over a year they've been carefully dragging our collective balls/ovaries through the glass of hype and subsequent disappointment when nothing they build up comes to fruition. + +DD is what got us here, but the next step in our evolution is realizing that we have to de-prioritize it to focus on DRS. The market is simply too opaque for us to verify any theories and we already have the answer. We need to stop taking chances. + +To clarify, I am not saying DD writers are shills. I think the vast majority are not, and they've contributed greatly to the sub and the general spread of knowledge about this fucked up situation. I am saying that if you care about the price of GME and your rights as a shareholder, you should take a second and really ask yourself what purpose non DRS/Computershare posts serve in the sub at this time. + +We know we already have the answer and we know they're trying to distract us. Why would we open the door to literally anything else? + +I think it's easy to forget the real world implications of the ideas and opinions shared on this sub. It's easy to forget the magnitude of situation. + +If what we believe is true, it represents nothing less than the erosion of global market integrity. We have unwittingly stumbled into the middle of one of the greatest financial crimes in history, and we have the opportunity to make the perpetrators pay exactly the amount they owe, not some class action lawsuit or slap on the wrist fine. We are in the extremely fucking rare position of being able to actually change something by hitting them in the only place they feel anything; their wallets. + +Given this context, what else is worth talking about right now? Seriously, ask yourself. + +If there's even some possibility of us being right, then no amount of boredom is worth diluting the message of how to solve it. We need to be singularly focused because distraction is their primary weapon at this point. Anything we can do to spread the word about DRS or increase rates of DRS should be done. Even if every post on here was a purple circle and it only increased rates by 1%, that's worth it. + +Cite the Ally debacle for further evidence that DRS works and we will continue to be fucked unless we forcibly remove shares from their hands. + +There is no quick or easy solution. Registering 60 million shares is a very tall task and will take a very long time. We need to expedite this process as much as possible because before long we might not have a sub to communicate these messages on and DRS rates will grind to a halt. Make no mistake, they are planning how to fuck us over around the clock. They will buy reddit. They will lobby for laws that prevent direct registration. They *will* fuck us over if we give them enough time. + +They're definitely shitbags, but they're also some of the richest, smartest, and most powerful people in the world. They will stop at nothing, do not give them a chance by prolonging the process or procrastinating. + +The opportunity you have been presented with is very unique. Don't let it go to waste. + +**DRS is the only thing that matters.** + Hi, fellow dividend investors + +i want to share my portfolio + +The thing is - when you build well diversified portfolio consisting of many stocks, it could be hard to get low monthly income deviation, cause many good companies pay dividends at the same months and have different yields. + +What i tried to do was build diversified, good yield dividend growth portfolio, and i guess i managed to do that. As a bonus, i received portfolio which pays steady monthly dividends. + +Maybe it seems over diversified, but i'm not sure, would love to hear your feedback. + +Aiming to get 1000$ annually by 2024 + +&#x200B; + +https://preview.redd.it/cdmm8bu3yuh91.png?width=662&format=png&auto=webp&s=fd4d9887814cd6e74182d0359fa57cfa314161c9 + +&#x200B; + +https://preview.redd.it/iaspdtk0yuh91.png?width=641&format=png&auto=webp&s=9c2d7c639d519d4447711db0eb069b23d71f584d + +&#x200B; + +&#x200B; + +https://preview.redd.it/1m0rhzv5yuh91.png?width=1414&format=png&auto=webp&s=cb0493c0074f840a292907be2209a35c551f0ccc +Hello, I'm still trying to work on my portfolio. + +I watched a video today on DRIP that blew my mind. It sounded to good to be true. + +If you took a etf like VDY and just kept investing in until you have enough for the dividends to keep buying itself, over time it will compound like double the amount because its growing and growing equity because it keeps buying itself. I did some math, if the share price is 45$ and you contribute maybe 10k a year, with drip on and a dividend percentage of 4.5% with a dividend yield growth percentage of 5% and a annual return of lets say only 5%, and no tax because its in a TFSA, over 30 years it would be millions of dollars. what am I missing here?? this sounds to good to be true... but doesnt this work? wouldnt this outperform everything? I mean idk how good VDY is, but any high dividend Canadian etf thats safe long term... What If I did like 50% VGRO and 50% VDY... + +Im just trying to figure this out I used this website... + + [Dividend Calculator | Dividend Reinvestment Calculator - TipRanks](https://www.tipranks.com/tools/dividend-calculator) +Then this is your friendly reminder not to just post about it on Twitter and Reddit, but to report that hard evidence to the organizations that are supposed to be doing something about it! + +Do not just post it, report it to SEC, FINRA, FBI! + +https://www.sec.gov/whistleblower + +https://www.finra.org/contact-finra/file-tip + +https://tips.fbi.gov/ + +**ETA:** u/Jasonhardon had some excellent additional finds of places that can be reported to! Please check them out! + +https://fliphtml5.com/bookcase/kosyg + +https://medium.com/@BraveNewFilms.org/heres-how-to-contact-all-535-members-of-united-states-congress-call-email-tweet-20b8a1c54195 + +tips@rollingstone.com + +https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/ + +https://www.esma.europa.eu/regulation/post-trading/settlement + +https://www.sec.gov/whistleblower + +https://www.dtcc.com/client-center + +https://www.nasaa.org/contact-your-regulator/ + +SEC hotline for prevention of share transfers (800) 732-0330 +investor.gov | SEC.gov + +FINRA (301) 590-6500 +FINRA.org/Investors + +NASAA - North American Securities Administrators Association (202) 737-0900 +NASAA.org + +https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc + +https://www.bbb.org/ + +investorrelations@gamestop.com + +The IRS takes things like this extremely seriously. + +If you feel it's right for you, send them a form 3949 informational referral. https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity + +I would personally mark >false/altered documents< in section B, plug in Robinhoods info and print your receipts + +Chair Gary Gensler 202-551-2100 Chair@sec.gov + +Allison Herren Lee (202) 551-2800 CommissionerLee@sec.gov + +https://www.sec.gov/oiea/Complaint.html + +U.S. Secret Service +245 Murray Ln SW - BLDG T-5, +Washington, DC 20223 +202-406-5708 + +https://www.secretservice.gov/contact/field-offices + +https://www.fbi.gov/tips + +https://www.consumerfinance.gov/complaint/ + +"Presidential" financial fraud task forces I found. + +https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf + +https://www.justice.gov/fraudtaskforce + +https://www.fincen.gov/contact + +Dave Lauerā€™s new website +https://www.urvin.finance/advocacy?intercom +Household net income is $5500 a month. +Have 3 months cash reserves. +After all my bills I have about $1500 left over that's being used to pay off nearly $60,000 in student loans. But my car is failing. It's a 16 year old Hyundai. + +I need a new car that's of good value but the used market is absolutely insane. I'm not paying nearly the cost of a new car for one with 60k miles. That's just not a good deal regardless of how good the car is. + +I really don't know what to do. + +I'm looking at a brand new Kia soul or Hyundai Venue for a little under $20,000 but I'm scared of lifestyle inflation. +I'm asking this question in light of the recent increase of mortgage rates to nearly 5%. I am also asking the question from a strictly financial perspective, not emotional. + +I'm thinking about buying a house in the $350k range soon, that I will probably live in forever unless I get married which isn't really on the horizon right now. I have 20% down, but I'm considering putting down more. I am debt free and save/invest about 60% of my income. I would be able to use this excess cash flow to use to aggressively pay down my mortgage if I buy a house. + +To be clear, I would continue maxing out my retirement accounts before applying the extra savings to my mortgage. I am currently maxing out my 401k and HSA, but am not eligible to contribute to a Roth IRA anymore. + +Typically, I would tell myself that I would pay down any "high interest debt" aggressively, before investing. I would have labeled high interest debt as debt with an interest rate that is at least 2% higher than the 10yr treasury. With the 10yr treasury at 2.4% currently, that means that I should pay off any debt that is over 4.4%, which includes new mortgages. + +With high stock market valuations, and high mortgage rates, it seems like we are at a very unique point in time when it makes sense to pay down a mortgage and take the guaranteed 5% interest savings, given that stock market returns are likely to be below their historical norms for the next few years. [Vanguard projects](https://advisors.vanguard.com/insights/article/marketperspectivesdecember2021) 2.3% to 4.3% equity returns over the next decade. My point here is that even if equity returns more than that, say 6%, wouldn't it still be relatively better to take a ***guaranteed*** 5% savings on interest? Like wouldn't the "[Sharpe Ratio](https://www.investopedia.com/terms/s/sharperatio.asp)" on the guaranteed 5% mortgage interest savings be better than getting 6% in equities? + +It seems like the spread between the 30yr and treasury yields is on the high end of historical norms. + +[30yr Mortgage Rate minus 10yr Treasury Yield](https://fred.stlouisfed.org/graph/?g=i8HL) +&#x200B; + +[Sent PDF To DOJ Email And Message Directly On DOJ Site](https://preview.redd.it/2hps8bgn8mj81.png?width=960&format=png&auto=webp&s=8b502acf19dd81a6b51ccec68d27ddb69fa3df44) + +DOJ Take A Gander..... + +I am under the impression the market is being manipulated through algorithms and high frequency trading machines. This is my opinion as listed below: + +**Kenneth C. Griffin Of Citadel Securities. Why Are You Paying Over A Billion Dollars To Facilitate Retail Trades Only To Steal From Them** + +[To Be Fair At The Economic Club of Chicago You Said You're Fine Getting Rid Of PFOF](https://www.youtube.com/watch?v=ddXMLb3VMis) + +[ Bernie Madoff Pioneered PFOF \(Yes The King Ponzi - Well So Far.....\)](https://preview.redd.it/gedxx87jbkj81.png?width=793&format=png&auto=webp&s=c37fc8ba38e910b20b9338469c62117304d82ef0) + +[ Citadel Payment To Brokers To Facilitate Retail Trades](https://preview.redd.it/w9dialfkbkj81.png?width=640&format=png&auto=webp&s=7fbfcee564d27419c85f13ad8375e168bb60c460) + +[ Brokers - Ironically The Top Ones Receiving Payment Suspended Trading](https://preview.redd.it/2o3nt8vlbkj81.png?width=803&format=png&auto=webp&s=ef49a2720d1d3d4dfa4259c21d3522ea0020264e) + +[ Robinhood Restriction](https://preview.redd.it/uficz04nbkj81.png?width=618&format=png&auto=webp&s=a315bd77df2e3a57943b598d574b4792b880b990) + +[ TD Ameritrade & Schwab Restriction](https://preview.redd.it/vs32sddobkj81.png?width=941&format=png&auto=webp&s=5b6354cb8bc7b6c8605ea8bd6bd7c44d06db9c0a) + +[ E-Trade Restriction](https://preview.redd.it/9n91n1npbkj81.png?width=1084&format=png&auto=webp&s=60152b7c7745adbc536b3e0360e3dae2b89d9336) + +[Webull Restriction ](https://preview.redd.it/6hk2xm1ubkj81.png?width=789&format=png&auto=webp&s=b9797c85d7b0e6d298c273a7ea5ba743da58af90) + +**Kenneth C. Griffin Of Citadel Securities - Are You Involved In The Naked Short Selling? GME Has Quite The Amount Of FTDs. Where Are They Hiding Now? Why Does Gamestop Continue To Be Shorted Up To 68% Of Daily Volume Lately?** + +[https://chartexchange.com/symbol/nyse-gme/short-volume/](https://chartexchange.com/symbol/nyse-gme/short-volume/) + +[GME Failure To Delivers](https://preview.redd.it/hzbid5usnkj81.png?width=1514&format=png&auto=webp&s=e7e72f6ba4f5313b072fbcad0953e6e1fc71c29f) + +[https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +**Kenneth C. Griffin Of Citadel Securities - Why Is Your 13F Top Positions All Options? - Seems As Thought You're Manipulating The Market Through High Frequency Trading & Algorithms - Considering Stocks Seem To Move In Similar Patterns....** + +[ Citadel 13F](https://preview.redd.it/37ogccyvbkj81.png?width=960&format=png&auto=webp&s=f41aad034f7f237ac937574cba2eaa639456e273) + +[ Algorithmic Patterns Including GME](https://preview.redd.it/0wn4h9lxbkj81.png?width=960&format=png&auto=webp&s=c64783fca855b2a3d0403d444d6d97c912c9102c) + +**Jeff Yass Of Susquehanna International Group, LLP - Why Are 75% Of Your Portfolio Spy Calls? - Somebody Hurting For Liquidity Or Another Glitch? - Also Your 13F Is Similar To Kenneth C. Griffin Of Citadel Securities - How Many Firms Are Using Algorithms To Manipulate Options?** + +[ Susquehanna 13F](https://preview.redd.it/kiv31oezbkj81.png?width=1880&format=png&auto=webp&s=7f58ff5ee302705e9b2dabd367111bcdc1b62d19) + +**Ken Griffin of Citadel Securities & Steve Cohen of Point72 - Why Did You Invest $2.75 Billion Into The Failing Melvin Capital - Didnt Something Similar Happen In 2008?** + +[Hmmmmm](https://preview.redd.it/n556za91ckj81.png?width=960&format=png&auto=webp&s=2fec1eb5e6ba090e359fa0370bff33b15900fdcf) + +**Kenneth Griffin Of Citadel Securities. Why did you pay a $22.6 million dollar fine - The SEC found that between 2007 and 2010, Citadel used two algorithms to execute stock trade.** **How long have algorithms been manipulating the markets?** + +[ Fine For Algorithms Existing As Early As 2007](https://preview.redd.it/ez9i4q33ckj81.png?width=740&format=png&auto=webp&s=accdc5e8a56a081242f7d7104b5d7417d2788cd3) + +[ The U.S. firm, founded by Ken Griffin, is seeking around $40 million over claims that GSA obtained a secret trading strategy from a senior trader at Citadel Securities while using texts and WhatsApp messages to hide all traces of the plan.](https://preview.redd.it/j1kcc8c4ckj81.png?width=742&format=png&auto=webp&s=7c033ab49d6270f69e74f9a9df3ce00e51c8edeb) + +**Involved In The Algorithmic Manipulation Of Crypto As Well? Or Is That Steve Cohen? The Charts Look Like The Algorithms In Stock Market. Ironically Rose At The Same Time As Memes Over A Year Ago.** + +[ Crypto Investment](https://preview.redd.it/17t85hg7ckj81.png?width=873&format=png&auto=webp&s=046e652f0e18e1059ecb1bf7e917a2a2a6f2b123) + +[ Similar Crypto Patterns](https://preview.redd.it/m8jriqx8ckj81.png?width=960&format=png&auto=webp&s=6ac4ebb98b5be8581757feacad8e090ceb828115) + +[ More Crypto Patterns](https://preview.redd.it/m7xip0w9ckj81.png?width=1116&format=png&auto=webp&s=080b4da2e6271aff6f48a95025cbda2fbfa9e99d) + +[ Its A Big Club And You Aint In It - George Carlin](https://preview.redd.it/xdh7p1ibckj81.png?width=733&format=png&auto=webp&s=5342cfdbc29cf0474bbc3d95622acfa66359808e) + +https://preview.redd.it/ymu8glgfckj81.png?width=620&format=png&auto=webp&s=c3ac2535bfb50ea4aa8506e6d6fb8bb56479ff5b + +[Thanks Kenny & Company!](https://www.youtube.com/watch?v=hQJ26MXTdA4) + +ā€œHe who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it.ā€ + +ā€• **Martin Luther King Jr.** +My wife and I recently got an EOB for our daughter's eye surgery stating we're responsible for $95k. Needless to say that night was a rough one. + +&#x200B; + +Quick but necessary backstory: Both my wife and I teach full time. Our daughter was born near the end of the semester. She took time off but I kept working. We both didn't add her to our respective insurances within the allowable time frame. We called HR within 60 days after remembering but each employer has a 30 day window so we were screwed. Fuck. So I bought an Anthem plan on the Marketplace with a relatively low premium and an $8700 deductible thinking that she'll have that for a few months of her usual well visits/shots/etc. until our open enrollment period and we can add her to our employers' plans.....A few weeks later we learn that she had congenital cataracts in both eyes (I had it too when I was born). This was a punch to the gut, for me especially. I immediately saw her entire future because I knew what was ahead of her, I've lived it. And us as parents because I know what my parents went through, mostly. Things got super real super fast because the local eye doctor referred us right the hell away to Stanford with probably the top surgeon in the country if not the world. We had a teleconference with him and within two weeks from her diagnosis she had her lenses removed. We now put in and take out contacts in her eyes each morning and evening. She's 4 months old. + +&#x200B; + +A few days ago we got the EOB from the insurance saying that Stanford's Lucille Packard Children's hospital is out of network......*no one said anything the entire time*. Yeah I suppose it was ultimately our responsibility to make sure that Stanford was actually in network, but things were happening fast. When the only pediatric ophthalmologist in your region says he's referring your child to one of the top hospital complexes in the ***world***, you don't think "hang on let me check if they're in my network?" And if they weren't, we would have had to turn down the surgery and go....somewhere else? The surgery needed to be done ASAP since she was already almost 3 months old at the time, so the sooner her cataracts could be removed the sooner her nerves would begin to develop allowing her to have sight for the rest of her life instead of going blind. Mine was taken out at 2 and 4 ***weeks*** old. No one, at any point in time, said anything about them not being in network. Not the local doctor's office, no one at Stanford when we were there, not Anthem. Anyways, $110k total charges and after the 8700 deductible +/- other stuff, we're responsible for about $95k. + +&#x200B; + +It was the perfect fucking order of events. Literally two weeks late with HR and it's costing us nearly $100k. That's fucked up imho. + +&#x200B; + +Current liquid assets: + +* $27k in savings acct +* I can sell my pickup for at least $35k in this market. We have an older car I could still drive. +* I have $16k in my old 403b. The 403b is a supplemental retirement acct for me since I have a pension with my employer. +* We have about $56k in apple stock. The stock was to be our down payment on a house within 5 years, plus it's just going to grow in the market. +* About $8k in other stock + +And so, I humbly ask the community your thoughts on what the fuck we should do. We rent our house from my wife's parents FFS. I sincerely thank you in advance. + + +Edit: Thank you again everyone for your comments and information. Iā€™ve read them all. Some good advice in here. And I know the EOB isnā€™t a bill hehe but itā€™s still a bit jarring seeing it nonetheless. + +Edit 2: Nvm got some to read through! + + +Edit 3: Wow the outpouring of messages and responses, including links to specific government programs, has been incredible. I had no idea itā€™d get this kind of attention. Thank you! I feel a lot better about it now. I have some strategy for our next steps now. +A growing question politicians and economists are starting to ask themselves, will the United States become energy independent? With the ongoing war between Russia and Ukraine, the US has sanctioned Russia and is determining whether or to impose tougher restrictions on the Russian energy sector, such as ban Russian oil imports. + +White House press secretary Jen Psaki outlined a range of efforts to increase production of natural gas and oil, but conceded that "domestic production has not insulated us from the price volatility of fossil fuels or the whims of those who control them, such as President Putin. Americans know that." She stated "The only way to protect US over the long term is to become energy independent". + +So, this isn't just a concentration on becoming energy independent; it is a focus to reduce the dependency on Russian fossil fuels while still focusing on clean energy to help mitigate global warming. + +Council of Economic Advisers Chair Cecilia Rouse told reporters at a Friday press briefing, "We are looking at options that we can take right now, if we were to cut the US consumption of Russian energy". I believe the only way to become energy independent and still focus on mitigating global warming is to make huge advances in the clean and renewable energy sector. + +So, with that being said, do you think the US will become energy independent? And if yes, what petroleum companies look good right now? What clean and renewable energy companies out there do you think will have the upper hand on receiving government grants to help the US succeed in this endeavor? +Hi, I have only gotten into investing late last year so I am still new. + +I was wondering what the advantage or selling point of investing in more traditional brokers like HL over these newer ones that focuses on their apps and free commission, like T212? I think T212 and the like have brought in a lot of noobie investors, but HL has a long-time strong reputation. As HL charges fees, isn't it more attractive to move to these newer brokers? Or should you use HL if you invest a really large amount of money, due to their trust? + +Many thanks. +Hi, I have only gotten into investing late last year so I am still new. + +I was wondering what the advantage or selling point of investing in more traditional brokers like HL over these newer ones that focuses on their apps and free commission, like T212? I think T212 and the like have brought in a lot of noobie investors, but HL has a long-time strong reputation. As HL charges fees, isn't it more attractive to move to these newer brokers? Or should you use HL if you invest a really large amount of money, due to their trust? + +Many thanks. +This sub talks a lot about luxury cars/splurges (as it should!) but I'm curious about some of the cars people on this sub are driving that don't immediately call you out as a rich person. What is your "StealthWealth" car and why did you pick it? +My husband died suddenly on Saturday and Iā€™m not sure what to do. We have a mortgage, one car payment, boat payment, $8000 in CC debt, and he did have a small student loan balance. Between his ESOP and IRAs he has about $200,000.00 and we had a small life Insurance policy on him through my work of $12,000. + +I will be selling the house, boat, and one of the vehicles and I may just pay off all the cc debt, but I donā€™t want to make any rash decisions. + +Iā€™m so lost. + +Edit/Update: Thank you all so much for this information. A little more info on our full situation. My husband and I live in Alaska in a more remote area and it was just the two of us. He died while running a 10k and I saw him about 3 minutes before and he was ecstatic and smiling and gave me a thumbs up. Both of our families live in New Mexico, so I will be moving back there. The boat was just a pleasure boat we'd use on the ocean and luckily it's a very sought after boat in this state so it should move quickly. We have one truck that is paid off and I will be selling that and keeping my Subaru. I went ahead and canceled all of the auto payments on his credit cards and I've already begun paperwork on IRA's and the life insurance policy. I'm fortunate that my family has means and are able to help me right now. My parents arrived the day after he died and his Dad and sister arrived Tuesday night, so I have a wonderful support network. I have about 13000 liquid with about 7000 more coming in so I'll be able to make the mortgage payment, car, etc. while we're waiting to clear things out. The ESOP is not paid out until a year after the event and my Dad has already contacted his financial advisor to help me navigate what to do with the money as well as not to be hit hard with taxes. I'll also be able to receive his Permanent Fund Dividend this year which is good since I guess it's supposed to be a whopper. I feel so fortunate that we somewhat had our shit together. My husband and I were both socking money away into our retirement accounts and we had a modest home so we could have lots of adventures, which we did. We lived without regrets and that is really helping me right now. Well I guess I slightly misspoke, I wish we did have more life insurance, but hindsights always 20/20. If anyone can learn anything from my situation it is this: Life is fleeting. Live everyday to the fullest. My husband and I went on adventures nearly every weekend. Whether it be hiking, backpacking, bike-packing, boating, fishing, hunting, traveling, we were always doing something. We told each other numerous times a day that we loved each other and we were each others world. I will get through this and I will continue to accomplish the goals that we shared together. Life through me a shitty surprise, but it's not the end of the world. I will get better. My beloved loved to tell me to get my shit together when I was being a whiny pants and that's just what I'm going to do. Also, because I'm selfish in my grief and if anyone is interested to learn more about my [amazing husband](https://www.sewardjournal.com/eedition/page/page_643cb6a9-a712-5261-8d3f-323e2b159dae.html), I wrote a letter of thanks and it's been published in two papers. +https://www.cnbc.com/2019/09/16/aramco-saudi-arabia-attacks-on-oil-supply-wipes-out-spare-capacity.html + +International benchmark Brent crude oil price spiked as much as 19% on Monday to $71.95 a barrel while U.S. West Texas Intermediate jumped more than 15% to a session high of $63.34 a barrel. + +Saudi Aramco, the national oil company, has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC. + +Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, knocking out 5.7 million barrels of daily crude production or 50% of the kingdomā€™s oil output. + +Edit: Thanks for the platinum award!! +So I am currently pregnant living in a MCOL city (Minneapolis). I grew up here and had no intentions of leavingā€¦until I saw this job offer. I currently make about $250k-$300k with about 10 hours OT every week) and have about $180k in student loans from grad school. I actually have the money now to pay everything off and if I do, the student loan payoff will leave me about $200k left in retirement accounts. At my current standard of living, I can save around $80k a year. I am 40 years old. I have two sisters here who both have kids in college. One sister I never see, the other I am pretty close to. + +Here is my deal. There is a job offer in a very LCOL city in the Midwest that is offering a $250k sign on for 5 years plus an additional $70k in pay over my current salary to a total of $270k for 40 hours a week. If I pick up my current level of OT, I could easily make an extra $100k a year. Everything is about 20% cheaper in this new city, but itā€™s a lot smaller. And I will be alone (except for my husband who will be a SAHD). I also can sell my house and make about $150k-$200k. + +Am I crazy to turn this down because I might have to move away from my sisters and I am comfortable in my current spot? Moving will shave years off of when I could retire which has always been my plan. But I am terrified of the 5 year commitment and something happening to my husband and being all alone in a small city in a new state. But for my kid, things might be better. Cleaner air, big yard (and a pool), and not worrying that someone is gonna steal our bikes out of the garage when we mow the lawn. We could even afford to build our dream house. + +Just terribly stressed out and am wondering what a bunch of internet strangers would do in my situation. Help + Dear all, + +~40, M, NW 15 mln. EUR. + +I just cancelled my job as a Director in order to start FF. No specific plans, just some Real Estate and seeing my 1yo daughter grow up while my wife would pursue her career. I was just tired of travelling all across Europe not seeing my family. + +Then a headhunter turned up and offered a C- Suite position in an attractive company paying 1,5 times my current salary. Anyhow, this salary would not drastically increase my NW. We are in GER, so salaries are low compared to the US. + +Supervisory board seems to be really nice, similar to colleagues. The job seems to be easy and offers a lot of status, recognition. First time in my career many things seem to fit. + +Downside: HQ from new company is several 100 KM from my home which translates into 3 days in my home city and 2 days in their HQ. So I would need to travel again which leads to additional complexity regarding childcare/my wifes career and not seeing my kid grow up that much. + +Key question: What do you value more retrospectively: Status/money/recognition or seeing your kid grow up? What would you do? What are your stories? + +Thank you very much. + +Edit: Clarified wording +Edit: Many thanks for all your thoughts. I learned that I am not willing to sacrifice seeing my daughter grow up while on the other handed side I definite will need to go on working, maybe closer to home ;-) +* Iā€™d like to share an approach that I took to come up with the best dividend portfolio. +* As a result, I identified 21 dividend-paying stocks that I can invest in with confidence. Ā  +* Investing is personal, so Iā€™m sharing all the data that I collected so that you can also use the data to come up with a dividend portfolio that works best for you. + +[https://themetareview.com/building-the-best-dividend-portfolio-part-2/](https://themetareview.com/building-the-best-dividend-portfolio-part-2/) +I'm a guy who graduated this year and have been working for a few months now. I'm in civil engineering working for the state, so I make ok money but not as much as compared to the other engineering majors like comp sci and whatnot, but I enjoy the work life balance and my job doesn't make me miserable. My ex is still in school and will graduate in a few years with her masters in business. + +&#x200B; + +I come from a poor immigrant family and was interested in FIRE about a year ago after seeing my parents always struggle with paying their bills and how they can't afford to retire. I am extremely interested in FI and a bit less interested in RE because I want kids and more financial stability. Plus, I wanted to spend some of that money to help take care of my parents, so retiring too early isn't really feasible in my case. + +&#x200B; + +I've shared this plan with my now ex gf in the past before and she always had her doubts when I said I wanted to retire at 50 if possible (when I can start collecting my pension). Her parents and her family friends all come from better backgrounds and are upper middle class, so she was raised with a certain mentality of "work as hard as you can to make as much money as you can". Her parents looked down on me and my family for not being as well off as them even though they've never even met me and I think this played a huge role in what she wanted in a partner. That and the fact that she will out earn me in the future made her resent the idea of me being retired (and not caring to impress people) while she works for more money to maintain a certain lifestyle. She also doesn't understand why I want to retire early when I'm still young and physically capable of working until I'm in my 60's to earn even more money. I've always hated the idea of working my ass off as much as I can to make as much money as possible while missing out on life. Of course, I will still do my best at work but when it's 5 o clock, I'm out of there. + +&#x200B; + +I'm still saving about half my income and living at home to pay off student loans and working on FI. Yes, I have a car and drive myself to work, Anyways, I'm sad and this is mainly just a rant and I was wondering if anyone has been through the same thing, how did it work out for you? How did you find someone who is/is willing to FI and maybe RE? + +EDIT: After reading yall's experiences and opinions, I feel much more confident in myself and my future. She's a good gal and sometimes, two good people just want different things. I'm not resentful towards her or anything like some of y'all think. Things just didn't work out and I'm glad we figured that out now before we got married. + +EDIT 2: I know I left out a lot of info before. Her parents already disapproved of me since they found out about us a long time ago and it had been in the back of both of our minds. One of the things they didn't like about me was that I had to take out student loans and pay for my college. Also "He doesn't pay for you when y'all eat out? Date someone who cares about you and can" when I was living off of student loans and could barely afford to eat out alone let alone pay for her as well. They also didn't like that I didn't drive in college because I couldn't afford to and didn't want to take out more loans, just to give you an idea of what we're dealing with here. Her parents are the typical stereotypical Asian parents who'd rather their daughter date someone older with more financial stability, because god forbid she date someone her age who's trying to get their life together. Even though I've never met them after dating for almost 3 years, you can see why I'd be hesitant to and why she'd be reluctant to introduce me to her parents. And this is what she's told me, so it's not like I'm speculating all of this. + +I'm not going to spend the rest of my life trying to please her parents and other people knowing that they wished their daughter would marry a doctor. Memes aside, it's not far off from reality as some of y'all think. + +EDIT 3: Thanks for sharing yall's stories and experiences. I'm reading all of them, even if they new. Thanks, FIRE community. +So my boyfriend and I are planning to start trying for a baby in about a year's time - yay. However, I'm also aware kids are a huge financial commitment so I want to be sure we've thought everything through. + +Would it be sensible to save for a 'baby fund' before I get pregnant? If so, how many months expenses is reasonable? I'm assuming the first few years will be particularly expensive due to nursery costs. Also, how have people utilised maternity leave/shared parental leave? I would like for both of us to have some time off with the baby at some point but not sure how financially feasible this is. I'd be very grateful for tips/advice/experiences :) + +For context, we both currently work full-time (boyfriend's a teacher, I'm a social worker but will soon be starting a new job in a school). We live in Zone 3 in London and currently have a mortgage on a one-bed maisonette (considering extending this to create a second bedroom). My mum lives nearby and is very supportive so will hopefully help a small amount with childcare but not loads as she also works part-time. +https://www.usatoday.com/story/money/2018/01/23/millennials-1-6-now-have-100-000-socked-away/1053803001/ + +I thought this article was interesting... + +> Millennials are pushing back against the stereotype that their money management skills are lacking, as 16% now have savings of $100,000 or more, double the amount of young people who had socked away that much in 2015, according to a new Bank of America survey. + +> The perception that Millennials ā€”Ā Americans between the ages of 23 and 37Ā  ā€” lack savvy when it comes to saving for retirement, budgetingĀ and setting up and sticking to a financial plan is showing signs of being outdated, noted the survey, made available exclusively to USA TODAY.Ā  + +> Despite many of these young Americans coming of age a decade ago during the worst financial crisis since the Great DepressionĀ and despite being saddled with high student loan debt, Millennials appear to be getting their financial lives in order and taking money matters more seriously. + +> Sixteen percent say they have $100,000 or more in savings, up from 8% in 2015. And nearly half (47%) have $15,000 socked away, up from 33% in 2015. + +> "Despite stereotypes of Millennials as being foolish with money and not long-term planners," they are actually behaving "quite responsibly" when it comes to money,Ā says Andrew Plepler, global head of environmental, social and governance at Bank of America, summarizing the findings of the bank'sĀ 2018 Better Money Habits Millennial ReportĀ released Tuesday. "They deserve more credit. Millennials are actually doing better than you ā€”Ā and they ā€”Ā might think." + +> About two of threeĀ (63%) of Millennials surveyed say they "are saving," which is in line with 64% of Generation X but shy of 75% of Baby Boomers who set money aside. + +> More importantly, 54% of Millennials say they have a budget, with nearly three of four (73%) saying they stick to the budget each month. And another 57% say they have a "savings goal," which is higher than the 42% of Gen Xers and Boomers who say they are saving with a goal in mind. + +> Those better habits areĀ translating into more sizableĀ account balances ā€”Ā and more financial security. + +> About 60% say they "feel financially secure." + +> "Their financial habits have become more disciplined," Plepler says.Ā "They've built it into their lifestyles." + +> Aside from saving for an emergency, which 64% said was a "top priority," half (49%) said saving for retirement and a third (33%) said saving to buy a house were their top savings goals. + +Ā  + +> Other key findings of BofA's Millennial survey, however, suggest this young generation still suffers from money-related angst and that there's still room for improvement in their cash-management skills. + +> The top financial "stressors" of Millennials, according to the survey, include: + +* Not saving enough (35%). + +* My career path (24%). + +* Not planning and saving for retirementĀ (21%). + +* Not being able to afford a home (20%). + +* Health costs (19%). + +* Student loans; spending more than I should; credit-card debt; not having enough to invest; losing my job (17% for all). + +> One potential challenge for Millennials saving for retirement is the fact thatĀ one in four (26%) say they work in the "gig economy," or take on short-term contract work or freelance work. That means they likely don't have access to an employer-sponsored retirement account, such as a 401(k), and, as a result, they have to save on their own. + +> "These gig workers have to be more intentional about their saving," Plepler says.Ā  "The findings of our survey are encouraging, however. Millennials are taking much more proactive steps around saving. But this is an issue we have to monitor." +I called E TRADE on the 16th and requested DRS. At the time the customer service guy was trying to talk me out of it stating they donā€™t sell my shares or loan them out. First of all no one asked that question. He then had to get someone else to get the approval and 10 minutes later he completed the process. I received a private message in the E TRADE app stating it would take 2 business days to transfer and 3-6 weeks for computershare (which I knew was bullshit). + +5 business days later the message still read processing so I decided to call and follow up. The new guy that took the call said he was not sure why it hasnā€™t processed yet and said he would investigate. He gave me his extension and said he would find out whatā€™s going on in the next 24 hours. He then said, ā€œIā€™ll call you back tomorrow and if I forget then call himā€ + +ā€œIf I forgetā€?! GTFO + +Next day I called him back because of course he forgot. I was sent to his voice mail and he never returned the call by EOD. + +Another day lapses and I call again this the new agent said, ā€œ I see it was requested yesterday and the Cost Team was investigatingā€. + +WTF is a Cost Team? And it was requested yesterday?! + +I asked her that in a nicer way and she said that GameStop had reorganized their business and their Cost Team has to reassess the value of the GME share. I told her that straight up that is not true. I asked her to prove that GME restructured their business and she responded itā€™s all over the internet. I laughed at her and told her letā€™s move on. She then said her Cost Team needs another 4 days to investigate. I asked why wasnā€™t I informed ? She did not have an answer. I received a secure message regarding the conversion with a reference number for traceability shorty after. + +So basically they canā€™t find the shares and they are being super shady. Weā€™re close ladies and gents! Brokerages straight up lying and not properly communicating internal delays. + +Buckle the fuck up yā€™all! + +Edit: here is proof of what they are doing to me + +https://www.reddit.com/r/Superstonk/comments/pv7j5m/i_have_another_post_about_etrade_being_shady_and/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Update: E*TRADE finally sent me an email saying that Direct Registration is complete, however the shares still show in my account. They said CS will take 3-6 weeks. šŸ™„ + +Update 2: shares are officially in CS! E*TRADE down and TDA to go. TDA is claiming 7-10 days šŸ™„ +We are all seeing that Bitcoin is having its moment right now in terms of mainstream penetration and if Ethereum and alts didn't really profit from it I think everyone would say it's not a bad thing for cryptos at large. + +Now that said there are multiple things making me think we are moving toward a massive bullrun (and maybe even a comeback for a flippening) and that is the best moment to invest in ETH (not investment advices, just my personal opinion), I explain myself: + +* Technically we are clearly at the end of a market cycle https://i.imgur.com/NTNXzhT.jpg Some will argue that using an ETH-BTC scale is not pertinent since it's probably the cryptocurrency that emancipated itself the most from BTC by being available against dollars pretty much everywhere. I disagree with that simply because I think there is not enough liquidity in the market for them to have meaningful growth at the same time therefore seeing how they move "against" each other is the best way to judge ETH market. + +* The ICO fad is slowing down. Some of you maybe remember the explosion of crowdfunding in video games during late 2012/early 2013, things like the infamous [OUYA](https://www.youtube.com/watch?v=xTqhyHuKVKA) were born during this era, a developper could basically spend a week producing some artworks, post his project on Kickstarter and he would receive tens or hundreds of thousands of dollars with pretty much nothing but a CV and promises. It ran out of steam after a year mostly because 1) people don't have an infinite amount of money and there isn't an infinite amount of people 2) "backers" waited for the project they invested in to release something before throwing money at someone else 3) the first scandals appeared. For me it's the exact same phenomenon but x10^6 because this time there is a booming tech, potential big financial ROI and so greed is involved, that doesn't mean we will not have thousands of new ICOs but I think they will raise much less and the investors will be much more severe. + +* We will begin to see the first Ethereum projects release their product during Q1 and Q2 (I'm thinking about things like [Kyber](https://blog.kyber.network/kyber-network-progress-update-october-13-2017-fcab6802ca1f) and its Mainnet in February or [iExec](https://imgur.com/a/22hpJ) with its Version 2 in May, things like Microraiden will go live anytime now too, there are plenty other examples but you get the idea. The utility of Ethereum will move from speculative to real in 2018 and I'm convinced it will carry the price up as strongly as partnerships and updates did this year, especially if Ethereum finds its "killer Dapp" like Microsoft Office was to Windows for the average business. + +* Ethereum has relatively low awareness in the public mostly because it's an extremely complex concept to grasp even for people interested by tech, much more than Bitcoin ("e-money" is easier to grasp than "world computer"). Now I don't know if we are yet to see mainstream interest (ie: FOMO like BTC is experiencing) in 2018, I would more say 2019 but in cryptos things often go faster than thought however it's not really such an issue since the professional world is driving the growth and adoption. + +tl;dr for me it's time. + +LivingAFI was always the quiet, philosophical, somewhat tortured book-end to MMM during the mid 2010's. He wrote a lot less frequently, and never had any ads or recommended products; simply good, long-form, very introspective thoughts on FI and life. + +He's barely posted since he retired in 2015, and today is the first time he's posted in 5 years. The intervening 5 years have covered the happiest year of his life, the worst year of his life, health issues, divorce, and a return to work. + +It's interesting, sobering, and worth the (long) read. There's a lot to unpack, and it speaks a LOT to the things discussed on this sub constantly: What will I do with my time after I retire? How do I find purpose without work? How do medical issues affect the best-laid plans? Is going back to work 'giving up'? Will being retired make you happy? + +I hope this doesn't run afoul of any 'promotion' rules here: I have no affiliation with him, and he has no ads or products; I think this is a fantastic post to foster communication, and it is a very in-depth look at things that get discussed every day in this sub. + +[Post is here](https://livingafi.com/2021/03/17/the-2021-early-retirement-update/) for those interested. +Open interest for this option is still more than 150, so I guess I just got unlucky? + +EDIT: + +I sold the call in March. +The expiration was Oct 15 with a strike price of $115. +I collected a premium of about $4.5 a share. +The underlying was $108 when I sold the call and $131 on the day I got assigned. + +I was thinking about rolling it into next year to collect a little more premium and delay the capital gain (I've held the shares for while). Just thought I'd have more time to decide. +Happy Independence day guys!! + +The EV sector is very hot right now and it has tremendous opportunities for future growth. Many reports claim that this sector can grow from anywhere between 21% - 30% CAGR through 2030. + +US and China are the frontrunners in the EV space, but experts claim that India could potentially become the world's largest EV market. Furthermore, the Indian government has announced its plans to have a 100% electric vehicle adoption by 2030! That seems like a very very ambitious goal but shows the scope and potential for EV in the Indian markets. + +A bit about EV: The main and the most important component of an Electric vehicle is the Li-on Battery. This is what powers the vehicle and is responsible for almost 35-40% of the cost of the vehicle! Li-ion batteries are inexpensive and more energy-dense compared to other electric batteries. So, this is what will be used in any Electric vehicle that is manufactured. + +India does not have Li-ion battery manufacturing right now but if we are to have an EV revolution in the country, we will for sure need local manufacturing. We cannot achieve the goal of an electric vehicle fleet with battery imports (very costly!) + +Now here are some companies who have entered this battery space. Most in nascent stages right now + +1. **Exide Industries** + +A year back, the company announced a joint venture with France based LeclanchĆ© to build lithium-ion batteries, and provide energy storage systems for Indiaā€™s electric vehicle market and grid-based applications. + +As part of the JV, LeclanchĆ© will provide access to its know-how and intellectual property for Li-ion cells, modules, and battery management systems, and Exide Industries will leverage its extensive sales network and brand. As a result of this unique partnership, Exide is ideally positioned to be a leading provider of storage solutions for electric vehicles and energy storage applications in India. + +More info - [https://www.electronicsb2b.com/electric-vehicle/the-lithium-ion-battery-makers-to-look-out-for-in-2020/](https://www.electronicsb2b.com/electric-vehicle/the-lithium-ion-battery-makers-to-look-out-for-in-2020/) + +&#x200B; + +2. **Amara Raja (Amaron)** + +Amron is also entering into the EV space with some huge investments and setting up assembly lines for Li-on battery manufacturing + +source: [https://www.livemint.com/Companies/BKHuDkSK2X9CkqNaT0gYoK/Amara-Rajas-lithiumion-plant-eyes-300-billion-EV-market.html](https://www.livemint.com/Companies/BKHuDkSK2X9CkqNaT0gYoK/Amara-Rajas-lithiumion-plant-eyes-300-billion-EV-market.html) + +source 2: [https://mercomindia.com/amara-raja-gridtential-energy/](https://mercomindia.com/amara-raja-gridtential-energy/) + +&#x200B; + +**3. Tata Group** + +The TATA group has come up with a pretty good in-house solution. TATA chemicals will be primarily involved with the manufacturing of Li-ion batteries with some assistance from TATA power. Additionally, TATA power is also involved in setting up charging stations in India. Finally, TATA motors will design the final car and use the battery made by TATA chemicals. + +source: [https://www.thehindubusinessline.com/companies/how-tata-group-entities-came-together-to-power-up-the-ev-ecosystem/article30681873.ece](https://www.thehindubusinessline.com/companies/how-tata-group-entities-came-together-to-power-up-the-ev-ecosystem/article30681873.ece) + +&#x200B; + +**4. Mahindra electric (Mahindra Group)** + +Mahindra Electric has signed a partnership with LG chemicals to manufacture the Li-on batteries. + +source: [https://economictimes.indiatimes.com/industry/auto/auto-components/mahindra-lg-chem-to-develop-li-ion-battery/articleshow/63085076.cms?from=mdr](https://economictimes.indiatimes.com/industry/auto/auto-components/mahindra-lg-chem-to-develop-li-ion-battery/articleshow/63085076.cms?from=mdr) + +&#x200B; + +There are many other smaller players who are slowly entering this space but these happen to be the prominent ones. + +Recently the Indian government said that the EV companies can sell their products without a pre-fitted battery(i.e. the buyer can get a third party battery in his car). this was done to ensure that the smaller players who do not have their own Li-ion batteries can design EVs. potentially good for Exide and Amron?? + +Source: [https://timesofindia.indiatimes.com/auto/news/allowing-sale-of-evs-without-pre-fitted-battery-not-well-thought-out-move-mahindra-electric/articleshow/77540201.cms](https://timesofindia.indiatimes.com/auto/news/allowing-sale-of-evs-without-pre-fitted-battery-not-well-thought-out-move-mahindra-electric/articleshow/77540201.cms) + +Now coming to the important question- are these stocks a buy and hold on the very long term say 10 years? + +I am a novice investor in my twenties so I can def hold these in the long term but what worries me is the fact that the stocks of all these companies have been on a consistent downtrend for a while now. Idk how long till that trend reversal (if at all?). + +Can someone guide me here and shed some light on what you think about this? I would love to hear what you guys have to say about this! + +Thanks! +Iā€™ve made a list of a few hundred small multi family properties in my market (SoCal) and am gathering the ownership information from the county accessor for a direct mail marketing campaign. Iā€™ve noticed that around 70% are owned by a family trust. + +What is the advantage of placing a property in a trust? Is there some sort of tax advantage that I am unaware of? Or, are these all elderly owners who want to avoid potentially having the property go into probate if they die? + +I thought I would pose the question here as the general advice thrown around in this forum is to get an umbrella insurance policy rather than put the property in a trust or LLC. + +Just curious +Hi, + +Iā€™d like to ask your advice on living as a freelancer in Europe. + +The wife and I are both translators and looking to relocate to an EU country to live and work. We are currently living in Hungary, which is not bad, but weā€™d like to experience different places too. + +We make a decent but not extravagant amount of money (over 60-70k but under 100k EUR per year, depending on some factors) and have no kids yet. We are interested in countries that offer good tax schemes for self-employed workers. + +We are both quite flexible, have years of experience of living abroad and speak foreign languages too so this wouldnā€™t be the first time for either of us to move to a foreign country. But it will be the first time we move abroad together. + +Ideally, weā€™d like to move to an EU member state (we are both EU citizens). Other than that, we are quite flexible. Preferably, this new place will have no worse infrastructure/quality of life/health care facilities than that of Hungary, so we are looking to relocate to countries that are located to the West of Hungary. + +Based on our research, we found that Scandinavia, the Benelux, Austria, and Germany have high taxes. Spain is nice, Iā€™ve lived there for a while but back then I was an employee. From what I heard, being an autĆ³nomo there costs an arm and a leg. Italy is also an option with the new Growth Decree ā€“ any experiences with that scheme? + +We havenā€™t done much research on Portugal or the Baltic states yet but I heard only Estonia would be ideal as Latvia and Lithuania are not that advanced with regards to entrepreneur/freelancer culture. + +As of now, the most likely candidates are Czechia or Slovenia ā€“ nice, developed countries with a high quality of life and the cost of living, while it is higher than in Hungary, is still certainly lower than in Western Europe. I also heard there was a good tax scheme for freelancers in Slovenia where one has to pay 20% tax on only 20% of oneā€™s income, effectively making the total tax rate 4%. This sounds almost too good to be true ā€“ is there a catch? + +What would you recommend based on our circumstances and experiences? Did we miss any places that are good for freelancing expats, or did we get something wrong during our research so far? + +Any tips or advice would be very much appreciated. + +Cheers +Hello all! I have written many DDā€™s about Direct Registering Shares including: + +* [Dispelling the FUD surrounding ComputerShare / Direct Registration System (DRS)](https://old.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/) (August 2021) +* [Why Iā€™m moving my shares to Computershare](https://www.reddit.com/r/Superstonk/comments/ob0m9w/why_im_moving_my_shares_to_computershare/) (Opinion / June 2021) +* [Gamestop Shareholder List - The Final Catalyst](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) (June 2021) +* [ComputerShareā€™s Positive Price Impact and Tracking Batch Orders](https://www.reddit.com/r/Superstonk/comments/ptu49w/computershares_positive_price_impact_and_tracking/) (Sept 2021) + +I believe I have a good understanding about the Direct Registration System (DRS) and want to expand on the DD I had written previously. I believe despite DRS being widely discussed and popular there are still a few unanswered or unexplained questions that get brought up regularly due to confusion about DRS. + +**Lets talk about it.** + +I am aiming to answer the following commonly asked questions: + +* If DRS works, why is the price going down? +* How does locking the float do anything? +* How do you **know** it will do *anything*? + +## Compartmentalized Information + +I think we need a little bit of background information on how everything is laid out and how information is known by various parties in this whole market system. For this purpose I have prepared this graphic: + +[Compartmentalized information graphic](https://preview.redd.it/mtuezvbx1zp81.png?width=1000&format=png&auto=webp&s=8bcf498828bae8e46249da587b40213505cf1ecc) + +**DTCC** \- The DTCC knows almost everything about what is going on. They are the *only* organization that has any awareness of how much shorting is going on, what is naked short, where the shorts are, who is failing to deliverā€¦ etc. This whole fraudulent system is completely facilitated by the DTCC. They have all the data, information and they let no one know anything. + +**Brokers** \- They only know about their own clientā€™s holdings and what is available in public filings. They do not know what other brokers hold nor the whole extent of everything. All brokers combined may have more shares than outstanding, but as long as they are not aware of the other brokerā€™s holdings, they have no reason to believe anything is wrong. + +**Shorting Hedge Funds** \- Likewise they do not have all the information about what is going on in the system. However they have developed ways to get information from Brokers and Companies to form a more complete picture. Using things like Payment for Order Flow they spend money intercepting data from Brokers. This gives them huge power to understand and know where things stand, where market sentiment is and how things are moving. They use planted consultants, hire former employees and other tactics to get a complete picture. + +**Shitty Consulting Groups** \- They get hired by bad actors to get insider information, sway company decisions and then consultants ultimately get paid by Shorting Hedge Funds by hiring the consultants that have acted in the shorting hedge fundā€™s best interests. Consultants are hired to consult on their consulting (provide insider information). + +**SEC** \- They are supposed to be an oversight body, but they are purposefully kept in the dark about everything. They have limited power and due to revolving door policies their employees are not incentivized to do any work. They rely upon the required filings and whistleblowers to provide information, but their information and investigations are usually very delayed. If they find something it takes years to unwind it and ultimately leads to small insignificant fines. + +**Transfer Agent / Computershare** \- They hold **the** book. The transfer agent holds the legal book outlining where the shares are and who they belong to. This book of ownership is the strongest legal form of ownership. If you have shares held on their book you are an owner of the company, full stop. They have extremely limited knowledge though of what is going on outside of their own book. + +They know: + +* How many shares were issued. +* Who owns them (direct registered, insiders, institutions) or are they beneficially owned by Cede & Co / DTCC. + +Thatā€™s about it. They have very very limited knowledge about who owns shares in the brokers. They do get some of this data once per year when they request *non-objecting beneficial owner* lists from the DTCC during annual shareholder meetings. This information is however, highly manipulated to prevent overvoting of shares. + +The transfer agent knows how many shares are direct registered and the DTCC is also aware of this number. Brokers and Shorting Hedge Funds **do not** know how many shares are directly registered (more on this later, obviously). + +**The Company / GameStop** \- They know what their transfer agent knows. Ultimately very little. Lots of people were asking why the company doesnā€™t just come out and say their shares are being manipulated through naked shorting. They cannot make that claim, they do not have the evidence. The only people that know that for sure are the DTCC and the shorting hedge funds that engage in it. + +Hopefully this paints a picture. Information is compartmentalized from everyone. It is a system purposefully built to keep information separated and non-public. That is why data providers make a lot of money to provide real time data. That is why a shorting hedge fund is willing to pay hundreds of millions of dollars for payment for order flow. It gives them the data they need to make money. If everyone had the data, no one would be able to manipulate the system. + +## Direct Share Registration happens in a vacuum. + +It doesnā€™t matter how many shares are direct registered. Only the DTCC, Transfer Agent and Company know how many shares are registered. The Brokers are in the dark. The Shorting Hedge Funds have limited knowledge. Even the SEC has virtually no idea. + +It doesnā€™t matter if the float is 1% locked or if it is 99% locked. The effect of direct registering is exactly the same, negligible. (Please keep reading). + +That is why Direct Registration was not doing anything. Thatā€™s why despite the best of efforts and intentions direct share registration was doing nothing. The price was sinking with even more aggressive shorting to try and play the narrative that direct registration does nothing. This was the FUD that has been pushed for the last 4-6 months: + +>If DRS works, why is the price going down? + +**ENTER GAMESTOP** + +That was. Until GameStop filed form 10-Q on December 8, 2021 and included the following line: + +>As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +Suddenly, everyone was aware of how many shares were direct registered. Filing the 10Q with the SEC created a factual known and public data point for the number of shares direct registered. There was suddenly no denying that shares were being direct registered. + +The stock was however, still going down. + +This is where we were met with the FUD: + +* If Direct Registering works, why is the price *still* going down? +* Itā€™s only 5.2 million shares, it will never be enough. +* Youā€™ll never hit 10 million shares, it will take years! + +Then GameStop filed form 10-K on March 17, 2022 with the following line: + +>As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +**Boom.** + +Suddenly there were two very public and factual data points. This was enough for everyone in the dark to see how many direct registered shares there are and the trend and forecast for where these numbers are headed. + +* It allowed Short Hedge Funds to calculate how fucked they are. +* It allowed the Brokers to calculate how many shares may exist outside of their own brokerage based on their own customer accounts and other trends. +* It allowed the SEC to get an idea of who holds what shares based on the information in the public filings. + +Direct Registered Shares *would* not have done anything prior to being 100% registered, UNTIL GameStop released the numbers in their SEC filings. Now that everyone knows these numbers we suddenly see borrow rates going up, Brokers are suddenly more aware of how many shares are actually available. The claim that there was a good faith belief they could locate shares to short was suddenly growing narrower and narrower. + +**GAME ON** + +Thanks to the efforts of /u/Roid_Rage_Smurf (DRSBOT), /u/jonpro03 ([Computershared.net](http://computershared.net/)) and /u/StopFuckingWithMe (CS Account High Scores) we now can calculate the number of direct registered shares to a high degree of accuracy. The current number is without a doubt, above 10M. + +# How do you know its going to do anything? + +## The Volkswagen Squeeze + +I absolutely hate that I am about to mention the Volkswagen squeeze. It is the *ā€˜ole reliableā€™* trope, *ā€˜weā€™re hereā€™*ā€¦ but history does repeat. Letā€™s take a quick cursory overview of what happened with Volkswagen. + +* Porsche purchased a 42.6% stake in Volkswagen. +* They also purchased 31.5% in **ITM** call options totaling a combined ownership of 74.1%. (Yes, that 741). + +This mere act of purchasing these shares and call options did not cause Volkswagen to squeeze, in fact it looks like the price dropped during the purchasing period. This purchase effectively happened in a vacuum, just like direct share registration. It was not until Porsche **announced publically** that they had acquired the high percentage of ownership that the shit hit the fan. + +With public filings, it was known that Porsche effectively owned 74.1% and another institution owned 20%. At that exact moment everyone was publicly aware that the float was only \~6%. Through other public filings, it was reported that the stock was 12.8% short. Since 12.8% is greater than 6% suddenly there was a rush on the stock. Short sellers calculated that they were fuk. This would not have happened had the data not been made public. + +## Side quest: Ryan Cohen and BBBY + +Similarly Ryan Cohen buying 10% of BBBY did not cause the price to increase. The price actually was somewhat flat and even dropped around the times he purchased. It was not until he filed and announced publicly he had purchased that the price spiked. + +## Applying the same idea to GameStop. + +Through filings and other data we know approximately how this may apply to GameStop. (I am using numbers from [Computershared.net](http://computershared.net/)) + +&#x200B; + +|Category|Shares| +|:-|:-| +|Issued Shares|76.3M| +|Institutional|\-13.7M| +|Mutual Funds|\-7.9M| +|ETFs|\-6.6M| +|Insiders|\-12.7M| +|Direct Registered|\-10.5M| +|ITM Call Options|???| + +Remaining shares: \~24.9M +ā€œReportedā€ Short shares: \~15M (according to Ortex) + +Right now 15M < 24.9M shares so an immediate short squeeze isnā€™t guaranteed. The odds of a squeeze however will increase more and more with one of the following things happening. + +* Direct register another \~10M shares & report those direct registered shares in a public form with the SEC. +* A large investor or institution buys \~100K ITM call options and files their purchase publicly. +* Institutions / insiders increase their positions by \~10M shares and report their purchase publicly. +* Short sellers increase their short position by 10M more shares OR the actual short numbers are revealed to be much higher to the public. + +**Again. The key to all of this is the information being made available publicly. Back room deals made in dark pools or even buying on lit markets will not do anything unless you can file and report that you are an owner of the stock. This is why institutions, holders of over 5% stock and GameStop reporting their direct registered numbers is so important and powerful.** + +If there is a factual and known public data point showing that shorts exceed the remaining shares then everyone will be aware. All parties will know that the shorting hedgies r fuk and they will be exposed. There will be FOMO buying, there will be panic and the price will start to squeeze. Demand will exceed the supply. + +This is a mathematical certainty. + +## Where does direct registering go from here? + +**Up. We go up.** + +In the past \~10 days or so we have seen a third wave in direct registration. We have also seen large positive sentiment on UUSB and an increase in YOLO options. Information on how to Direct Register has been spreading to more and more investors. Shout out to [https://www.drsgme.org/](https://www.drsgme.org/) and /u/millertime1216. + +I believe it is possible we could see a huge spike in direct registered shares and we could definitely add another 10M shares to the DRS count in the next 4-6 months. + +Wave #1: DRS Finally Gains TractionWave #2: Fidelity accidentally says they have 10M shares to lend.Wave #3: Increased price action, new interest in stock (FOMO). + +Here is a graph thanks to [Computershared.net](http://computershared.net/): + +[DRS Graph from Computershare.net](https://preview.redd.it/5iu4w1ou1zp81.png?width=1000&format=png&auto=webp&s=2d8460e6a5dfd5069c81ffee9a53917d91191af5) + +This is a waiting game, MOASS is a certainty. DRS your shares. šŸš€šŸŒ™ + +**TL;DR:** Direct registering locks up shares so that the DTCC cannot touch them, but direct registration happens in a vacuum. All of the various parties are in the dark about the actual number of shares direct registered. That was until GameStop announced the direct registered numbers in their public filings. By doing this, it allowed every party to calculate the situation more accurately. We saw the borrow fee increase as a result. It can be shown that with public filings, stock movements can occur with the new information, such as what happened in the 2008 Volkswagen squeeze (old reliable). Direct registering shares is finally having a direct impact due to the publicly available information. Price increases, insider buy ins, FOMO, options and UUSB are all having an increase on direct share registration. MOASS is a mathematical certainty. + +&#x200B; + +OBLIGATORY. This is not financial advice. I may be wrong, please let me know if I have anything wrong in the comments below. + +&#x200B; + +EDIT #1: I want to elaborate on something regarding the additional 10M shares DRS'ed to enter short squeeze territory. This assumes that no one, including institutions, insiders and mutual funds intend to sell. That's just my baseline where you start to threaten to squeeze through certainty. For even greater certainty, you would need to register the whole subsection of float, which is another 25M shares. This would lock all the floating shares, but would still leave the ability for insiders, institutions or mutual funds to sell which would hinder a squeeze. You would then need to DRS an additional 15M shares (the number of shares sold short) to effectively lock in a squeeze and prevent it from being overly impacted by institutions, insiders and mutual funds. + +My squeeze table would look something like this: + +&#x200B; + +|\# of DRS Shares|Impact| +|:-|:-| +|10M|Increasing borrow rates. (We are here)| +|20M|Float = Short shares (Squeeze territory)| +|35M|Float = 0 (Zero liquidity)| +|50M|Float = -15M (equal to 2x shares short)| + +Once you start to hit that 35M level of shares DRS, you are eating into mutual funds and institution's shares. They will not allow that to continue and would hopefully have recalled any lent out shares well before that point. +https://www.theage.com.au/politics/federal/crunch-meeting-rba-faces-test-on-another-large-rate-rise-20221003-p5bmqq.html + +**"Big Rate Hikes Raising the risk of Recession: Economists"** + +> AMP Capital chief economist Shane Oliver said if the Reserve Bank moved rates in line with financial market expectations, the economy would tumble into recession. + + +So what'll it be? 50 basis points and raise the risk of recession? Or 25 basis points and live with hyper-inflation? Interesting choice...for me the answer is clear...75 basis points and send a message! +I've been getting in to day trading for the past 4-5 weeks, learning all of the terms and trying to find a strategy and actually developing a decent scalping strategy however, the past few days while trading on the S&P 500 mini futures I was making some awesome gains from the bullish breakouts and so I kept on trucking and leaving trades overnight expecting the market to just do what I wanted. Today that changed. I woke up this morning so far in the hole it felt like my balls were cut off and fed to my mouth. +Now looking back, I realize alot of things were looking like they were going to explode and I wasn't going by my working strategy. This is definitely a learning experience. I still have a full time job and I didn't bet the farm or anything but it is a horrible feeling knowing that you didn't follow your own rules and it bites you in the ass. + +Hoping just to keep learning and seeing growth in my trading experience, ive always kinda known this was going to happen but never thought it would be so soon lol. + +Edit* My strategy typically is scalping but due to my inexperience I held overnight because it looked like a nice gain and woke up to my doom. I am not a swing trader, scalping has been very successful for me up to this point and I plan to continue to do it. Sorry for any confusion in post. +So, 10-7-16 I tried to deposit $300 cash, via an ATM located in my town. This is normal process for me, and I usually make 5-10 deposits similar to this one each month. On this particular deposit the ATM just crapped out (like a vending machine eating your money), the screen went blank, and it made no record of my deposit attempt. I immediately did a balance inquiry to see if the money went to the account, which it did not. + +Immediately from the bank parking lot I contacted my bank (StateFarm Bank). I was told to expect authorization affidavit paperwork by mail shortly. I also made a report inside the PNC branch where I was, and I made a formal complaint about the ATM's functionality. + +My bank applied a provisional credit to my account the following Monday. + +I've waited on the paperwork but nothing has ever showed up in my mail. So last Friday, I gave them a call to find out why, to which they could not give me an answer. I asked them to please send it again before they removed the provisional credit. The next Tuesday, 11-15-16, they removed the provisional credit from my account. + +So I've called them back again, and they said they couldn't find record of the deposit, and that the ATM balanced out correctly. I never received the authorization paperwork to allow the investigation, how can they complete this without it? Also, through talking with the agent I discover that they were looking at the wrong date. They were ostensibly investigating the day of the 10th which was the date the provisional was applied, not the date of the incident. + +So this brings us to the present date, last I talked with my bank they were checking a few more things and would get back with me on Monday... + +Has anyone dealt with a situation like this, or have any applicable information? It would be really helpful. They are starting to act and sound like they don't believe me, and that they do not have my back in this situation. I'm already working on switching banks to someone who doesn't run their bank like an insurance company. But I can't let them get away with just washing their hands of this, without a thorough investigation of this issue. If anyone has any advice I would be more than grateful.. Thanks! + +EDIT: 11/21/16 - So today the person from SF bank called and basically confirmed what I thought they were going to say. They say the ATM balanced, and that because they don't have a specific transaction PNC can't or won't give up the security cam footage. So how do I go about getting a lawful request to obtain that footage? And what if the ATM crapping out also crapped out the ATM's cameras? Is there any hope of me being able to get any tangible evidence? If the money went into the ATM it should have logged something, even if the money went to the diversion bin or whatever, correct? +I've seen some buzz lately that SCHD might not be able to preform as well in the next couple of years as it has in the past. Do you guys buy this? If not why? If you don't what do you think will have the best performance. I have to admit I have become very bullish on JEPI. Great growth on a high yield with excellent grades on risk as well. The fund has looked almost too good to be true to me at the moment. I might be buying more of JEPI than anything else right now. If you would still buy SCHD over JEPI can you please tell me why. +Individual investors are currently at **\~83.3 million GME shares DRSed.** + +Current price is \~$27.6 + +Thats $2,299,080,000. + +**2.3 Billion Dollars** worth of shares are currently DRSed. + +&#x200B; + +Do you even realize how amazing that is? + +And most of the apes (me included) have a cost base much higher. + +With a rough estimate average of 40$/share (160$ pre split) that's about **$3.3 Billion invested** and DRSed. + +**Just the DRSed shares.** + +&#x200B; + +**That's roughly the GDP of some countries in Africa!** + +And that's just a small percentage of the actual share count in the hands of apes who haven't DRSed yet. + +&#x200B; + +If that doesn't make you bullish as fuk I don't know what will... + +Damn my nipples are dripping diamond juice right now! + +&#x200B; + +SHFs are fukd. + +BUY, HOLD, DRS! + +&#x200B; + +Edit: + +Thanks for the awards guys. ;) + +As this thing got some traction and has the potential to reach people outside of SuperStonk: + +**If you got interested, start your journey** [**here: The GME Masters' Guide: A DD Campaign for Apes Levels 1-20**](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) + +&#x200B; +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------ + +**I was going to add more here Apes... but I think it's best to draw a quick conclusion now, and I will add more in more parts to come.** + +\------------------------------------------------------------- + +And Here's the Problem for the Popcorn Apes... + +**George Sherman and Co**... were the Apollo Plants in Gamestop... + +Ryan Cohen has since Rooted them out and begun turning the company around. + +BUT... + +**Adam Aron and Co**... are the Apollo Plants in POPCORN COMPANY and they are **STILL IN PLAY!** + +\---------------------------------------------------------- + +So while there may be naked shorts in Popcorn... + +There may be **POTENTIAL** for a fundamental turnaround... + +And MAYBE the Private Equity Vulture Funds won't want to dismantle it... + +**They still have a man on the inside.** + +(And massive amounts of debt surprise... surprise) + +Apollo are still going to get their pound of flesh... + +And while you think you are placing your trust in this guy... + +&#x200B; + +https://preview.redd.it/hy2e3x8fm9b81.png?width=760&format=png&auto=webp&s=b2b49bc7d98a848db8f31fd9701fa301407e8f9f + +# You ACTUALLY need to DECIDE if you TRUST this guy... + +&#x200B; + +[Marc Rowan CEO of Apollo Global Managment](https://preview.redd.it/lt0nl09jm9b81.png?width=757&format=png&auto=webp&s=34a09605db5e358d547c133e83849e00606ee76a) + +&#x200B; + +# OR... these Guys + +&#x200B; + +[ Leon Black Ex-CEO of Apollo, Michael Milken the Man that Pulls the Strings and their Good Buddy Steve Cohen... yup... Point 72 ](https://preview.redd.it/tfbyugxnm9b81.png?width=751&format=png&auto=webp&s=c5708bfd63983e6d5ad8559b8a6977fe48058056) + +# OR THESE GUYS!!! + +&#x200B; + +[Michael Milken and Ken Griffin](https://preview.redd.it/0ki4nrg0n9b81.png?width=1024&format=png&auto=webp&s=7b2283c02c7ae01d7f9ca666d75f92bfe6ad6abd) + +\--------------------------------------------------------------------------------------------------------------------------- + +You see... you think you are **betting against the Shorts**... when in actual fact... **they have an inside man within the company**! + +Do you think when push comes to shove and all his **Wall Street buddies** are putting pressure on him that Adam Aron will just stand up to them for the sake of **Popcorn Apes?** + +**Ryan Cohen KNEW this IMO**... that's why he got rid of them all before setting about to build a fundamentally better company! + +\--------------------------------------------------------------------------------------------------------------------------- + +# AND HERE'S THE KICKER... + +**Apollo actually tried to BUY both Gamestop and Popcorn!!!** + +Yup... the plan was well underway by the time we saw the mini-sneeze... + +Not only that... but in the Case of Popcorn... **Apollo actually OWNS their debt**... **and Tried to get them to File for Bankruptcy...????????????** + +**ARE YOU TELLING ME... THAT THEY HADN'T PLANNED TO TAKEOVER POPCORN?** + +Source: [NYPost](https://nypost.com/2020/12/11/apollo-circling-amc-as-chain-scrambles-to-stay-afloat-sources/) + +They did seem to be a little less far along in their plans with Gamestop... and the buyout were merely rumors that caused a spike in the stock. + +Source: [CNBC](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + +But they had their **inside man** in there... Naked Shorting was rampant, and the company was in debt... + +Standard **Private Equity Playbook for Hostile Takeovers** in both cases!! + +**TELL ME THIS SHIT DOESN'T MAKE SENSE???** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/hwkd042qw9b81.png?width=1400&format=png&auto=webp&s=a3da440d48f63f7536b414252bba8c77ff3a7eac + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... I'm going to call it here for this round of Apollo missions. + +I have pages and pages of more research on this, but I want to take the time to properly vet shit and look into things more. + +I do think there will be more to follow as there is literally tons of this shit... And this is just GME and Popcorn!!! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +FUCKING PUPPY BREAK!!!! + +Aww.... he's so TINY! Who's a Tiny Puppy?? + +https://preview.redd.it/55qqbqm7y9b81.png?width=1000&format=png&auto=webp&s=cd0621ff02e331239ffac552c72f0d8875702397 + +\-------------------------------------------------------------------------------------------------------------------------------------- + +TLDR... + +Following Milkens Example of Corporate raiding by using Junk Bonds to put Companies under Financial Pressure and make them cheap for takeover... + +Apollo Global Management (Largely a Spinoff of Drexel, Milkens Company) along with many other Private Equity Companies have mastered the Corporate Raiding Strategy and brought it into modern times. + +**This includes... PLANTING SENIOR MANAGEMENT at companies that are ripe for takeovers...** + +**Getting their Hedgefund buddies and Market Makers to Short the Shit out of the Stocks** + +**Leveraging the Companies up under Massive Debt** + +**And then taking control and deciding the best way to make a profit from the carnage** + +This is a process where companies like Apollo Global, Blackstone and KKR make BILLIONS AND BILLIONS and nobody bats an eye! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +AGAIN... this is not an ATTACK on POPCORN... + +This is MERELY presenting facts and adding a little speculation. + +If you disagree with me... feel free to tell me logically where I went wrong? + +**THEY TRIED TO DO THIS TO GAMESTOP TOO!** + +If you believe in POPCORN - **GET ADAM ARON TO ADDRESS THIS... COMMIT TO SOMETHING** + +He's frequently on the Youtuber Influencer shit right? Ask him the question? + +Ask him where his loyalties lie? + +**Ask him... why is PERSONAL Consulting Company is CURRENTLY in Partnership with APOLLO MANAGEMENT... who OWN THE DEBT of Popcorn... TRIED to get POPCORN to go Bankrupt... AND have close ties to those who have short Positions???** + +# DEMAND ACCOUNTABILITY JUST LIKE RYAN COHEN DID! + +READ HIS LETTER TO THE BOARD -->> [HERE](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +You guys CAN make this fucking work... but don't just buy into the shit that he has your back. Right now, **IN MY OPINION**, you are in a precarious situation. + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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) +This dapp seems to have gained popularity today and I was reading the source code today to see how it works and to make sure it's secure but instead I discovered what looks to be a waterfall styled pyramid/ponzi scheme. + +I will preface my warning with this: the following below is my own analysis of the smart contract on which this dapp runs. I am not your investment advisor and you should form your own opinion about this project. I will outline my observations below and explain what evidence I see towards why this is a pyramid or ponzi scheme and then you can go forth and do with your ether as you wish. + +So if you review the project source code you can observe a definite waterfall scheme going on here: + +https://etherscan.io/address/0xef8a560fa19f26982c27c78101545b8fe3018237#code + +the first sign of trouble is the `earnings` property which exists for each type of tank: + +`uint256 earning; // The amount of earning each owner of this tank gets when someone buys this type of tank` + +So based on the snippet above it sounds like Bob first buys a tank, then Alice buys a tank and Bob then gets a cut from Alice's purchase? Lets read on and see... + + function cashOutTank (uint32 _tankID) public payable { + require (_tankID > 0 && _tankID < newIdTank); // Checking if the tank exists + require (tanks[_tankID].owner == msg.sender); // Checking if sender owns this tank + uint256 _amount = tankProducts[tanks[_tankID].productID].earning*(tankProducts[tanks[_tankID].productID].amountOfTanks-tanks[_tankID].lastCashoutIndex); + require (this.balance >= _amount); // Checking if this contract has enought money to pay + require (_amount > 0); + + if (tanks[_tankID].owner.send(_amount)){ // Sending funds and if the transaction is successful + tanks[_tankID].lastCashoutIndex = tankProducts[tanks[_tankID].productID].amountOfTanks; // Changing the amount of funds on the player's in-game balance + } + + EventCashOut (msg.sender, _amount); + return; + } + + +Ok so this function is interesting. You as a user can run this function and pass it a tank ID which you own. The function then sends you ETH based when it runs the line `tanks[_tankID].owner.send(_amount)`. But the line I'm more interested in, and what makes this truly a pyramid/ponzi scheme, is **this line**: + +`uint256 _amount = tankProducts[tanks[_tankID].productID].earning*(tankProducts[tanks[_tankID].productID].amountOfTanks-tanks[_tankID].lastCashoutIndex);` + +What this line is doing is determining the amount that you, the tank owner and caller of the function, are about to be paid out. The above line could be re-written to be better understood as: + +`moneyIGet = someConstantEachTankHas * numberOfPeopleWhoBoughtInAfterMe` + +so as you can see, if one person buys into this contract after you, then you would earn whatever value your tank was assigned. If two people buy into the contract you would earn twice the amount the value your tank was assigned. And, of course, when **you** bought into the contract, the folks who bought in before you were given the corresponding amount because you had just bought in. + +Reading the relevant section of [this publication](https://arxiv.org/pdf/1703.03779.pdf) on ponzi schemes on the blockchain, I believe the above scheme best resembles a **waterfall ponzi/pyramid scheme:** + +> divide each new investment among the already-joined users, starting from the first one. Each user receives a fixed percentage of what she has invested, as far as there is enough money. On the subsequent invest- ment, the division starts again from the first user. We show in Figure 5 an archetypal scheme of this kind, which is very close, e.g., to TreasureChest and PiggyBank. To join the scheme, a user sends msg.amount ether to the contract, hence triggering the fallback function at line 18. The contract re- quires a minimum fee of 1 ETH: if msg.amount is below this minimum, the user is rejected (line 19), otherwise, her address is inserted in the array (line 21-22), and the array length is incremented. The contract sends 10% of the received ether to its owner (line 25), and with the remaining ether, it tries to pay back some previous users. If the balance is enough to pay the first user in the array, then the contract sends to that user 6% of her original investment (lines 29-30). After that, the contract tries to pay the next user in the array, and so on, until the balance is enough. On the next investment, the array will be iterated again, starting from the first user. In this scheme, the amount given to each user is proportional to what she has invested. However, it may happen that those late in the queue will never get any money at all, even when new users continue to join. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +My father told me about a stock he missed out on investing in. He said that he watched it over that time and eventually it rose 100% in value. TWO YEARS LATER. He was so shocked and impressed and ashamed that he didn't invest in it when he had the chance. + +I looked at him and went....two years? I've seen plenty of coins that did quadruple that in a matter of days. He looked at me like I was from another planet. + +I think crypto has ruined my concept of value. + +It won't always be like this... it's really insane when you think about it +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Did I miss something? Isn't this the most important vote in the history of GameStop shareholders? Are we supposed to believe that this vote will pass anyway? + +Last year we rallied and even had eToro come forward to allow us to vote, but this time nothing but crickets. Absolute silence. I voted through Computershare but still have some shares in DeGiro and eToro and I want to vote with those as well. + +Let's rally, apes. This is the most important vote yet. This is the vote for MOASS. Make yourself heard! **Vote! And get your broker to allow voting!** + +Edit: **I am talking about eToro, DeGiro, Fidelity and literally every other broker that does NOT allow voting. The majority of shareholders is unable to vote themselves. And the majority decides. The most important vote in the history of apes and everybody's like: yeah, we voted, nothing to be worried about.** +I browse through here a couple times a week and itā€™s been a shit show for some time now. In the past Iā€™ve been happy to make threads on content that I find interesting, but Iā€™ve never asked you guys what you want to know or talk about. + +Iā€™m happy to either offer insight or foster discussion on meaningful topics. Iā€™m one of the incredibly few people here with hedge fund, investment fund, institutional expertise. A bit about me: I am an investment manager for 3 different hedge funds / asset management vehicles. I trade quite a lot. I manage traders. I hire traders and analysts. I receive macro and technical research from every corner of the earth. I know what quality looks like in that regard. + + I can also bring in people from my network for Q&As... everyone from pod traders to prop traders... former bank traders... to folks from the Market Wizards books. Iā€™m happy to contribute quality content... I just donā€™t know what that would look like so let me know. + +I know what it DOESNā€™T look like however. So below are the list of things I am not going to touch or even engage upon (note this is not a comprehensive list): + +- What books are good for trading +- What is a good broker +- What is your strategy / what is a good strategy +- Are signals a good idea +- Is paying for education a good idea +- How much x% is a good return +- How long before I can become a profitable trader +Hi all, + +I was hoping to get some ACCC~like advice. + +I booked an airbnb Feb2021, for a family get together Easter April2022, buuuuut its gonna to shit here in Adelaide. My family doesn't want to come to our Covid cooking city, and understandable, they are in currently safe country towns. + +But my booking did have a disclaimer, 50% refund only after 48hrs of booking. It's now Dec2021, well past Feb2021 when I booked. + +But I can't be carefree about accepting those conditions and losing $2000+, as the situation has changed, so much that my family doesn't want to come to Adelaide due to covid risk. + +So is there anything that can help me get my full refund back - especially knowing the Easter dates we are letting go of will get snapped back up as soon as we cancel our booking? +(So the site will make a free $2000+ for my family wanting to avoid getting covid so much that they are willing to cancel a family event) + +Cheers + +Edit: +I have just read Australian Consumer Law - Travel and Accommodation. And they say "*Generally, a fair deposit should not be more than 10 per cent of the total cost of the accommodation or service booked, unless your potential loss or inconvenience justifies a higher amount. Otherwise, such a higher amount may be seen as a pre-payment. Pre-payments are refundable, minus any actual or reasonable costs you may have incurred before the booking was cancelled.*" so in that regard I guess I'm more willing to part with $400. + +Edit: For those playing at home, I messaged AirBnB/Host a few minutes before posting here, more as a questions and plea - and today they have fully refunded me straight away, not asking for anything in return or with disagreement/grumble. Payment to be received in a few days. +**TA;CR: Ape always ask ā€˜Wen Moonā€™, but not ā€˜How Moon?ā€™ This is the way to ā€˜How Moonā€™.** + +The financial mediaā€™s criticism of Gamestop for the past year and a half was the lack of direction and forward statements from the company outlining a path to profitability. The developments from the company show that it is well on the way to addressing a share of a digital gaming assets and collectibles market worth well over $400 billion with a double digit industry CAGR. In other words, the NFT marketplace is positioned under a ton of rocket fuel, and Gamestop is one of the first movers in this space. The bear thesis is heavily reliant on Gamestop being left behind as gaming turns digital. This bull thesis is predicated on Gamestop becoming the next destination for all things gaming and collectible. + +In this DD, I will be examining the rise and fall of Gamestop, which forms the bear thesis. I will then rend and tear the bear thesis brick by brick using verifiable, factual information from official statements, channel partners, market research, and the company reports. Donā€™t trust me, read it for yourself and make your own decisions because itā€™s your money, your investment, and you are the only one responsible for the soundness of your investment. I am too retarded to give financial advice and like the stock. I believe that hype can only move a stock price so far, the company needs fundamentals to stand on in order to bring long term value. Today, I present those fundamentals. Buckle up. + +**Part I, The Rise and Fall of Gamestop** + +Once upon a time in 1984, two dudes from Harvard opened up a video game retailer named after an ancient computer nerd, Babbageā€™s. It became a major player in the sale of video game cartridges in the United States, providing market data like this chart here from 1994: + +&#x200B; + +[From EGM 68](https://preview.redd.it/4t980cqptnk91.jpg?width=1844&format=pjpg&auto=webp&s=3831a176129bffd741af9ffec971639d401dd29c) + +Through a series of sales and mergers, it became the Gamestop we know today. In the cartridge and disc era of gaming (from 8 bit consoles up to the Wii), Babbageā€™s became a major retailer that saw up to 75% of sales coming from video games. It would later acquire rival retailer Electronics Boutique in 2005 and consolidated the brand under Gamestop worldwide in 2021. Games were bought, sold, rented, and resold as physical media: + +&#x200B; + +[Before the internet, you had to talk to strangers!](https://preview.redd.it/iw741i7ttnk91.jpg?width=1389&format=pjpg&auto=webp&s=c9488e6972d01cff6d39e467d7e47e7615eb631a) + +Digital distribution was still in its infancy from the 1990s, with shareware software titles barely making a dent in the gaming industry market share compared to console sales. This also gave Gamestop, the largest video game retailer, some marketing clout with midnight launches and preorders of consoles and games, which may be sold out for weeks after the initial launch. Digital launches of games have made the midnight launch events for software a relic of the past. Console hardware shortages are still a problem down to this day. However, the profit on consoles are slim with single digit percentage margins. During Gamestopā€™s best years, 2005-2009, sales of used games and gaming accessories brought in billions of dollars for the company, with used game sales being the high margin cash cow. + +This report: [https://www.gamedeveloper.com/pc/analysis-gamestop-profit-margin-on-used-almost-50-](https://www.gamedeveloper.com/pc/analysis-gamestop-profit-margin-on-used-almost-50-) + +gives us a snapshot of Gamestopā€™s revenue streams during its best years. The margins were high for Gamestop because the used game business model was notorious for its poor value proposition to customers, which saw low values for trade-ins (slightly lower if you were a rewards member and got Game Informer) and used games selling for almost the same price as new games. Since few places offered trades for games, Gamestop min-maxed their business model by giving customers the lowest value possible and maximizing profits by selling used games for only a few dollars below new games. Turnaround on titles like EA Sports Roster: Shovelware Edition (we buy: $4, we sell: $55 used, $60 new) brought in big bucks. More importantly, the game developers never saw a dime from the resale of used games. It all went to Gamestop. This is a key point of contention, one that ultimately fueled the bear thesis for Gamestop, the migration of games to digital distribution, and the removal of disc drives from consoles. + +Customers were angry at Gamestop for a poor customer experience when buying and selling games. Developers / publishers were angry at the used game market undercutting their sales. When internet speeds around the world improved to the point where video could be streamed and digital storefronts like the Epic Games Store, Steam, and GOG became more attractive options for both customers and developers, it left Gamestop and its 2 billion used copies of Fallout 76 in the dust (just kidding, they were new). Many customers no longer had the need to go to Gamestop and preorder a game, especially when the larger developers like EA and Blizzard had their own digital storefronts, where disappointments like Warcraft 3: Reforged would hide behind a thin veneer of marketing instead of occupying an entire warehouse full of physical disc returns. When consoles started shipping without physical disc drives, this was just another nail in the coffin for Gamestopā€™s outdated business model. Then, in 2020, a global pandemic with an unknown virus and no known cure at the time drove fear to an all-time high and lowered all foot traffic to stores as one place after another instituted lockdowns. The Gamestop management at this time forced stores to stay open, getting a ton of bad press. In the middle of all this misery was a rainbow colored bear, happy to profit off the impending bankruptcy of one of the most hated and irrelevant companies now on its death throes. The fabulous bear would call out to many hedgies and have them short the stock to the point where it was cellar boxed, never close or disclose their positions, many of them sold naked, and to never pay tax on their ill-begotten gains. Here is the bearā€™s thesis: + +**1)** **Gamestop is a dying brick and mortar company with an outdated business model** + +**2)** **The transition to digital distribution will reduce revenue across all its stores and make Gamestop increasingly irrelevant in the market that it operates and remove its major driver of profits, used physical copies of games** + +**3)** **The last major pandemic lasted 3 years, at which point the lockdowns will have long bankrupted Gamestop, which was severely handicapped under an existing loan agreement and lacking funds to execute any kind of turnaround plan** + +**4)** **Gamestop is hated by customers, developers, and employees alike. Everyone wants to see this ship burn and sink.** + +Fabulous Bear: Sounds like easy money, doesnā€™t it? To minimize risk, Gamestop and other brick and mortar companies like it, were put into massive basket swaps that bet on many or all of these companies going to zero. Some firms may have shorted the stock like crazy by a variety of means because these companies are already on shaky ground and cannot secure the funding they need to defend themselves, because the same firms control the funding sources. Itā€™s as easy as taking money from a retarded ape. The only way this plan could go tits up is if somehow, some way, a massive amount of retail investors donā€™t give in to fear, change sentiment on the company and refuse to sell, allowing the company to fund itself out of bankruptcy using the sale of its own stock like a car crash victim flipping over a burning car by brute force and then putting out the fire with its own piss. But thatā€™s a viral black swan event that has never happened before in the history of stocks, so why worry, right? Retail traders will just take their lumps, sell, and move on, wiser and poorer like they always do, amirite? Amirite?! + +Narrator: The bear was not right. Ladies, gentlemen, degenerates, and apes, we have entered the other side of the trade we were never supposed to see. But first, a message from Little Johnny, the 12 year old gamer who goes to Gamestop. + +**Part II ā€“ The Liquidity Problem** + +It is 2009. Meet Little Johnny, a 12 year old American boy with no job, no income outside of household chores, shoveling snow, or selling lemonade. Oh, and birthdays and Christmases. Johnny has a Playstation 3 (2007 was the best Christmas ever) and a small library of games. Johnny has beaten all of those games and heā€™s bored of them. Johnnyā€™s only source of new games are birthdays and Christmases, but 2008 was hard on everyone, and instead of a new Wii, he got a copy of Lee Carvalloā€™s Putting Challenge. Uncharted 2 came out, and he wants to play it. Badly. His parents say no, he has enough games already. Well, how about he trades them in at Gamestop for a copy of Uncharted 2? The parents are spared from paying anything, so the next time at the mall, Little Johnny trades in his pile of used games for a slightly used, but very playable, copy of his next game. Little Johnny is an asset provider, and hundreds of thousands of gamers like him once made up the asset pool of used games, which Gamestop arbitraged to maximum advantage to reap billions in profit. Not one cent goes to the developers. Keep this core concept in mind, that the customer is the asset provider, Gamestop is the platform to execute the trade, and the game developer is the one who mints the gameā€™s asset supply, because this is the basis of Gamestopā€™s NFT marketplace. In 2009, this trading relationship was flawed. The asset provider, Johnny, and the supply minter, the developer, suffered under the massive arbitrage of Gamestopā€™s trading platform. + +Remember the landing page for Gamestop NFT? It read: Power to the Players. Power to the Creators. Power to the Collectors. We are going to look at how this new mantra benefits limited asset providers like Little Johnny later. + +We now return to breaking the bear thesis, brick by brick: + +**Part III ā€“ The Technology Company** + +Bear Thesis: Gamestop is a dying brick and mortar company with an outdated business model + +Bull Thesis: Gamestop is evolving to a technology company with a modernized business model utilizing an NFT marketplace to tap into web3 and mobile gaming opportunities as the new, dominant revenue stream. It has increased profitability by closing down unprofitable stores upon expiry of leases and investing in logistic centers to cover the gaps in service as part of their e-commerce expansion. + +The key to any transformation is understanding the core processes of the business and the needs of the customer. Netflix saw itself as an entertainment provider and transitioned from a mail order DVD rental service to a streaming platform. I believe that Gamestop sees its role as a trading platform for gamers and collectors and has taken material steps to ensure that its role as a platform will be secured in the future ā€“ by making right with the customer and the developers. This will be the fundamental change that will break the bearā€™s back. + +To succeed, according to the Gamestop chairman: ā€œGamestop needs to evolve into a technology company that delights gamers and delivers exceptional experiencesā€. This is from the investor letter filed on November 16, 2020. + +The hiring spree for web3 developers, the launch of the NFT marketplace and choice of channel partners to execute the NFT strategy telegraphs the next area of expansion for Gamestop, a market segment that a video game retailer and other competing brick and mortar stores cannot touch ā€“ mobile gaming. As much as true gamers want to snob mobile gaming as microtransaction riddled toilet games, the market segment can no longer be ignored as a revenue stream for those seeking profitability. Page 2 of the letter mentions of one the key squandered opportunities was ā€œThe explosion of mobileā€. Notable hires to Gamestop in the past year are Matt Finestone, Larry Cheng, Matt Furlong, and a parade of tech talent who have left prominent positions in larger companies to work for Gamestop, and paid mostly in stock. These people are high net worth individuals who have bet their careers and their salary on Gamestop, and they are on the board of directors. + +The next indicator of a soft pivot to e-commerce is the acquisition of distribution warehouses, which will serve customers in areas where unprofitable stores have their leases closed out. While Gamestop cannot reverse the trend of brick and mortar stores dying out, one action it can take is to minimize losses from existing stores and improve delivery to retain customers in those areas. The massive uptake in web3 and logistics talent plus the acquisition of distribution centers shows that Gamestop is rapidly positioning itself to be the current and future destination for gamers. + +Bear Thesis: The transition to digital distribution will reduce revenue across all its stores and make Gamestop increasingly irrelevant in the market that it operates and remove its major driver of profits, used physical copies of games + +Bull Thesis: Gamestop is building a marketplace for digital gaming assets and collectibles that will capture value from the rapidly growing mobile gaming market. + +Remember when Not A Cat was talking about the relevance of discs and the impact on Gamestop? He was also very close to the concept that Gamestop is now executing. In fact, on the August 3, 2020 stream, From 1:16:50-1:17:54, he speaks about Gamestop being ā€œa clearing house for used gamesā€. This was the right idea on the wrong side of the chart. More specifically, this one: + +&#x200B; + +[Oh no, discless consoles will destroy GME!](https://preview.redd.it/vlg8oie2unk91.jpg?width=571&format=pjpg&auto=webp&s=5c0d50c3fd7efc57703f9147988e2ae973ef70e6) + +&#x200B; + +[When in doubt, Zoom Out!](https://preview.redd.it/dxoe4fj5unk91.jpg?width=1772&format=pjpg&auto=webp&s=0f609bdbf68c7038808fb8ddad4e988f868c892b) + +Source: Mobile Gamers Whitepaper by Newzoo + +This shows how big mobile gaming happens to be. Itā€™s now the largest segment of the gaming industry. Aside from Fortnite Funko Pops and gift cards, Gamestop currently sees no revenue from mobile games. The mobile gaming market also functions very differently from console gaming, with most games being free to download instead of charging $60-$70 a copy. There is no value in selling a copy of titles like Candy Crush Saga because the game itself is free. Instead, games like these are loaded with microtransactions like power ups, battle passes, and ingame equipment with separate bonus rolls, all paid for with ingame currency, which can either be earned ingame or purchased outright. The key point we want to focus on here is purchased outright ā€“ because all phones now come attached with a wallet connected to a payment method, like Google Pay, iTunes, or Apple Pay. There is also a lower barrier to entry for mobile games since they do not require purchase of a separate console to play. The games also come with inherent problems, like randomized loot drops and equipment set bonuses for said randomized drops, which compels the player to sink in more and more money. All this revenue is cut between the developer and the app store. + +If we go back and look at 12 year old gamer Little Johnny, 2022 edition, we now have a problem. All his money is sunk into one mobile game, and thereā€™s no way he can sell his in-game assets to provide liquidity for the new mobile game all his friends are playing. There are third party websites where whole accounts can be sold, but these are against the developerā€™s terms of service and give horrible trade in values that are pennies on the dollar or less ā€“ much worse than 2009 Gamestop trade in values. Also, he hates the loot box mechanic because itā€™s basically a Skinner Box with some shiny loot on the cover. + +Enter Gamestop NFT and Immutable X. They are currently building games that are free to download and play, with the items earned in each game as a digital asset in the form of a non-fungible token, or NFT. Gamers who play these games, whether on mobile, console, or PC, can now earn in-game rewards, use them for loot boxes, and then sell those digital assets to players who donā€™t like loot box mechanics. If players like Little Johnny want to migrate to a new game, he can sell some or all of his in-game assets on Gamestop NFT with a marketplace fee that Gamestop collects, and then use the tokens in his Gamestop Wallet to purchase loot in another game. The developer makes money on the initial sale of digital currency, and then recurring revenue on the resale of the ingame assets via Gamestop NFT. The players gain liquidity that was previous sunk into one gameā€™s economy. This will be how Power to the Creators, Power to the Players, Power to the Collecters plays out. + +For proof, hereā€™s the Immutable marketplace: + +&#x200B; + +[The Multiverse of gaming and collectibles is here!](https://preview.redd.it/iymanu19unk91.jpg?width=2228&format=pjpg&auto=webp&s=f1d2561bcd218b0d8b70b519e1838b195d8c9d61) + +You can pick up any game, like Gods Unchained, win some cards through card packs, and then sell those cards (which exist as NFTs) for IMX tokens or another cryptocurrency, and then use the wallet funds to buy items in another game like Guild of Guardians (or cash out for fiat currency). This is currently done via Metamask and integration with the IMX wallet, but improvements made on the marketplace now include the Gamestop Wallet, which launched this year. Liquidity for games has gone digital, with Gamestop once again becoming the place to go for exchanging games, or in this case, the digital assets within free to install games. + +Another key metric that would have supported the bear thesis is consistently declining sales revenue per quarter. If we examine the most recent Gamestop form 10-Q, the opposite is true. Sales revenue has consistently increased Y2Y per quarter since the pandemic, which indicates that the publicity received by the sneeze had an overall positive effect on the brand. Gamestopā€™s diversification into trades of digital gaming assets via mobile gaming and improving sales revenue disproves this part of the thesis. + +Bear Thesis: The last major pandemic lasted 3 years, at which point the lockdowns will have long bankrupted Gamestop, which was severely handicapped under an existing loan agreement and lacking funds to execute any kind of turnaround plan. + +Bull Thesis: The pandemic lockdowns have mostly ended. Gamestop raised enough money to sustain operations through sale of stock. It is currently executing a turnaround plan centered around growing ecommerce and web3. + +When Gamestop sold off its stock, it used the funds and cash on hand to pay off its debt obligation early. The obligation effectively crippled the company and prevented it from issuing dividends and a slew of other actions that could have been used to service the debt. This obligation was critical to containing Gamestop under the bear thesis and ensuring that the company collapsed under the load, just like Blockbuster ā€“ Netflix did not kill Blockbuster, it was the debt bomb during the IPO that did. With interest rates rising, any companies that have a heavy debt load are looked upon less favorably since that debt is now harder to service. Other than retail leases and some covid assistance loans, Gamestop holds no significant debts. This effectively kills the ā€˜death by crushing debt burdenā€™ part of the bear thesis. Furthermore, the pandemic lockdowns did not last as long as the analysts expected. + +Gamestop has used its new lease on life to soft pivot to ecommerce and create a marketplace that targets two new market segments in gaming and collectibles that it plans to monetize. These two sectors are mobile gaming and digital collectibles. + +With Gamestopā€™s entry into the mobile market, it looks to address a segment that now makes up 52% of all total gaming revenue. More people are getting smartphones compared to consoles, with the console market actually shrinking 6% YoY due to hardware shortages, while mobile gaming revenue has a forecast CAGR of 12.2% to 2030. Mobile games have shorter development times compared to most console games and the ubiquitous nature of smartphones creates an environment where games can generate record revenue in a very short period of time. Games like Genshin Impact took a bit over 5 months to reach $1 billion in sales. PUBG and Candy Crush Saga still make over a billion dollars revenue a year. By comparison, Bethsedaā€™s lifetime revenue on Steam, totaling 12 years, took in $714 million (source: [https://vginsights.com/developer/14012/bethesda-game-studios](https://vginsights.com/developer/14012/bethesda-game-studios) ). Itā€™s fair to say Gamestop is jumping in a much bigger pond. To date, the only blockchain mobile game to surpass $1 billion in revenue is Axie Infinity, and itā€™s not even a AAA title by any stretch. Gamestopā€™s marketplace will really take off when more players realize they are being screwed out of liquidity by developers under the current model and more developers realize they have a recurring revenue stream through a digital marketplace. This is taken from the landing page of Immutableā€™s flagship game, Godā€™s Unchained: + +&#x200B; + +[Power to The Players, once more!](https://preview.redd.it/shz76n9dunk91.jpg?width=2068&format=pjpg&auto=webp&s=c6d5c9db2bea6d42e614e9178cb7d6b5245ca5fa) + +The days of stranded cash shop assets in closed gaming economies are numbered. Players deserve better, and Gamestop is a brand they have always trusted to get value for their gaming assets. + +The other half of the equation is the NFT collectibles market. Despite claims that the NFT market is dead, total market size grew 28% from last year. This is in line with the analyst predicted CAGR of 30-33% of the NFT market, expected to top $120 billion by 2026 (probably much sooner if the backwards hoodie guy markets the Wu-Tang album). Even if you are a skeptic and believe NFTs are nothing more than digital POGs, itā€™s worth noting that from 1994 to 1998, pretty much every movie, TV show, and major brand had its own POGs and spent hundreds of millions of dollars marketing cardboard tiddly winks. Some of those complete sets are still worth money today and appreciated in value. Once major brands start using the technology as part of their marketing efforts or to authenticate high end merchandise, the same people who couldnā€™t see past the ugly, overpriced apes will be part of the same myopic crowd who thought the internet was nothing more than a fad with a bunch of dancing hamsters. + +Not only is Gamestop not going bankrupt any time soon, it is positioning itself to be a major player in the digital gaming assets and digital collectibles markets, which has a total projected market value of $400 billion by 2030 and double digit CAGRs. By comparison the bear thesis sees Gamestop dying by losing more and more of its market share in the shrinking $50 billion console gaming market. Based on Gamestopā€™s most recent balance sheet and future market ambitions, no part of this section of the bear thesis can be defended. + +The next part of this DD will cover the Transformation in Action and The Forward Looking Bull Thesis. Stay tuned. + +&#x200B; + +[Link to Part II](https://www.reddit.com/r/Superstonk/comments/x18sg7/gamestops_400_billion_nftransformation_part_ii/) +So me and my partner are expecting our first child next summer. Nerves are kicking in and Iā€™m not really sure how to prepare financially (and mentally!) + +I understand that the real struggle comes from relying mainly on one persons wages for a period of time. But how much extra a month can I expect to expense with an additional head in the house? How much should I aim to save for before our child is born? + +For context I earn 36k a year and she earns 28k. + +Our mortgage is 770 +Cars 400 +Bills 300 +I would say between us we currently have a spare 500 pound a month to live and eat. + +Thanks + +*edit - thank you all so much for your comments. Apologies, I should have been more detailed in my post. We both have around 500 each spare. The rest of our current income goes into savings plus a big holiday which we are taking to vegas in March. +Hello! My mortgage was recently transferred to Chase this month and somehow my monthly payments went from $1319 to $1873! In a panic I called Chase to figure out why my payments have gone up so drastically. They told me there was nothing I can do because my county taxes are what has gone up. Is this normal?? Is there really nothing I can do about a 42% increase? I donā€™t even know how or why the county taxes can possibly go up that suddenly. + +This is my first home and Iā€™m just now coming up to being in my house for a year, so maybe I am just green and donā€™t understand how this works. Iā€™m hoping someone here can either help me understand why, or if there is something I can in fact do about this! Please let me know!! + + +UPDATE: Thank you everyone who helped me figure out what I had to do! I finally solved the issue! + +I called Chase and the county Treasurer, it turns out Chase was grossly overestimating my property taxes. They estimated my taxes to be ~7600/year and when I spoke with the county they told me my taxes would be ~2800/year. + +So yes, my taxes did go up because they were taxing me on a bare lot last year and this year they will be including the home. But, there was a mistake on Chaseā€™s part when it came to estimating the tax amount. It probably wouldnā€™t have been caught had I just accepted it!! + +-Also on a side note, I have filled out the proper paperwork to make my residence my primary residence! Thank you to everyone who suggested looking into that as well! ā¤ļø +Basically, once you considered yourself secure and well off, did you start doing something different? + +Started spending on something? Started doing a new activity? A new interest? +So I YOLOā€™d Affirm ($AFRM) shares at the bottom when it cratered for some reason post-IPO and now my position has blown up to a pretty significant sum over $4 million now after an insane run since the summer. + +Iā€™m planning to hold at least another year for LTCG since this is in a taxable account but have never held such a concentrated position in my life. + +itā€™s a decent percentage of my net worth and could ā€œlock inā€ the higher range of chubby/low end fat (single, early 30s) here if I start selling but also wouldnā€™t be the end of the world if it corrected a little since Iā€™m fairly confident that it will still be higher than where I bought by mid next year. + +Would you just leave it alone and not look at it for awhile or hedge in some way? + +Edit: sounds like buying puts is not a good idea because it resets the ltcg clock. +I remember a while back someone posted a similar question and now cannot locate that post. + +I've read that there are doctors/clinics that take a look at your overall health and assist you in planning to extend your quality of life by fine tuning how you care for yourself now. Not just cosmetically but with adjustments to diet and vitamin deficiencies and work out regimes, etc. + +They do blood work and bone density and full body scans and look under every rock (so to speak) to help you plan to not only live longer in your golden years but live better. They are much more involved than your regular internist. + +Anyone know what type of medical professional I should be seeking? + +Edit: It's not about fusing eastern and western medicine. Am not interested in where it comes from. Only want something catered to my specific body needs to get the best out of now and the future. +Maybe not 100% irrefutable proof, but here's what I found. + +First, there's this PDF hosted on what looks like the official Venezuelan government page. + +http://minci.gob.ve/wp-content/uploads/2018/01/EL-PETRO-ES-INDEPENDENCIA.pdf + +Here's the link to the main site: http://minci.gob.ve/ + +Now if you know Spanish, you'll notice there's no mention of "Ethereum" or "ERC-20" in there anywhere, BUT I ended up going to the directory that the PDF is hosted in, and voila: + +http://minci.gob.ve/wp-content/uploads/2018/01/ + +It's open, and there's a ton of files in there, but if you CTRL-F the word "petro", you'll notice in your scroll bar that there are 3 sections of files that match. The first section is the PDF I linked to above and some images of the cover, the second section is a set of images called "Petroleo", and they're just mining rigs, and then the 3rd section of images are these: + +http://minci.gob.ve/wp-content/uploads/2018/01/petro.png +http://minci.gob.ve/wp-content/uploads/2018/01/petro-980x556.png +http://minci.gob.ve/wp-content/uploads/2018/01/petro-1.png + +and a bunch of other ones of different sizes. + +You tell me if this is proof. Not sure how long that directory will remain open like that, but hopefully enough people catch it so they know I'm not making this up. + Hello everyone so in october my mother passed away from a long 2 year fight with lung cancer. My parents are split so as an only child I got everything. She didnt own her home but from the car and her retirement accounts i ended up with just over $130,00 I used some of it to pay off my car and bought a new gaming computer (which looking back i didnt really need) and a few other things. + But my question is, what should I do with the rest of it? I am currently living with my grandmother and need to stay here as shes getting rather old herself and she needs someone to look after her, also her house is almost an hour closer to my work than where I was taking care of my mom so it's very convenient for me to stay here. I'm hoping to buy the house off of my father whenever she passes away because he owns his home and would almost certainly sell it. So there is a part of me that wants to leave the money in savings or investment accounts to hopefully have it there when I need to buy the house I'm currently living in as I dont think I'd ever really have a want or need to move. + Alternatively, i could go to college and graduate with 0 debt and. I do have almost a full semester of credit from advanced classes in high school but I've never really been the kind of person who felt like school was right for me plus I'm already on a career path that I can make a decent living from, that I enjoy, and dosent require a degree. + And lastly, I could use the money to open a business but I'm not sure what kind of business I would run, I could probably open a subway franchise withought needing a massive loan as I hear they are pretty cheap but my belusiness experience dosent extend pass ap classes and FBLA competitions in high school (I did make it to nationals one year but i understand that I'm still quite far from being fully prepared to run my own business) + + + So basically, what would you do if you were in my position and why? I'm just trying to get some different perspectives. Thanks! + +Those of us who have been here since the beginning have seen FUD in all its many forms. Where that FUD used to seem threatening itā€™s now laughable. + +Because we all know our beliefs about GameStop are cemented. Theyā€™re built upon incontrovertible dd and upon the real transformation we see unfolding before our eyes. + +So while the FUD ratchets up and the shills seek to divide us, most of us are sitting back laughing at how pathetic they and their masters have become. + +They have nothing. Fuck ā€˜em. +You may have noticed a suspicious amount of activity regarding a certain mining and dildo company in the pre and market discussion threads today. I confess, this morning upon seeing [this](https://old.reddit.com/r/ASX_Bets/comments/m1vhgi/its_always_sunny_at_dlc_board_meetings/) post I came up with the bright idea of shitposting until a Motley Fool article gets written about the most dogshit stock on the ASX. + +The joke of DLC is that any two year old with half a brain should take two seconds to realize that it is an absolute dog of a company. Its shares are diluted to shit such that its stock price is below one cent. It has a negative revenue for the past two years. I mean, its a fucking company that sells sex toys and does mining exploration for god knows what reason. + +DLC has been a running gag on this subreddit as a standard recommendation for any low-effort moron post asking what stock to buy. If you ask a retarded question on this sub, you get a retarded answer, that's what makes our culture great. There have been bets on this sub in the past where the loser has had to buy $500 worth of DLC (shout out /u/stinkyfatwhale). Regulars of this sub are fully aware of DLC's joke status . + +What I did today was spam dumb information while mentioning DLC. I have never bought, and do not expect I will ever will buy a single share unless forced at gunpoint, and neither should you. + +In total, I posted **18 comments** in the pre-market thread and **17 comments** in the day-market thread mentioning the ticker DLC. Most of these were very satirical in nature, such as ["cancelling"](https://old.reddit.com/r/ASX_Bets/comments/m1ros6/premarket_thread_for_general_trading_and_plans/gqhw4l7/?context=3) the Motley Fool for not writing articles on DLC and claiming that DLC deserves to grow from a company losing millions to one losing tens of millions like [Z1P/APT](https://old.reddit.com/r/ASX_Bets/comments/m1ros6/premarket_thread_for_general_trading_and_plans/gqi12kv/?context=3) + +Some of the other regulars here caught onto the gag and [joined](https://old.reddit.com/r/ASX_Bets/comments/m1ros6/premarket_thread_for_general_trading_and_plans/gqi7pvw/) in the [fun](https://old.reddit.com/r/ASX_Bets/comments/m1ros6/premarket_thread_for_general_trading_and_plans/gqi6klu/), others took two seconds to call out a blatant ["pump"](https://old.reddit.com/r/ASX_Bets/comments/m2bae6/market_open_thread_for_general_trading_and_plans/gqi6si0/) while some retards were genuinely [curious](https://old.reddit.com/r/ASX_Bets/comments/m1ros6/premarket_thread_for_general_trading_and_plans/gqi0ry5/) in the "hype" of the stock. In total, DLC was **mentioned 67 times** in the pre-market thread and **mentioned 50 times** in the Market Open thread. + + +The result? DLC traded today at **10 TIMES** its 10 day average trading volume, and was pumped **33%** to near **6 month high of 0.008**. That is insanity. I honestly don't know what to make of this. It reminds me of this [DEFCON](https://www.youtube.com/watch?v=ytDamqTjPwg) presentation, where two guys (one who founded Twitch.tv) realized that the hacky spam emails they received shilling stocks actually caused rises in price that could be exploited. + +To be fair, markets do move fairly randomly, it is possible that this is a giant coincidence. DLC also had an announcement yesterday, but with no resulting price movement on that day. Gold in general was up today, for comparison ENX (a dogshit explorer I'm in ~$8m MC) was up ~4% and CHN (a $1.5b miner I'm in) was up ~6.5%, but these pale in comparison to the DLC leap. + +However, I sincerely believe the most likely explanation for this movement is that we managed to trip a sentiment algorithm scraping this subreddit today. There's a lot of fucking idiots on this sub, myself included, but I don't think any one of us will claim credit for the $315,000 worth of DLC that was traded. There was even a single purchase of $77k at at 0.007. + +If my suspicions are true, DLC has shown today that our shitposting here has consequences. This was a joke "pump" with **ZERO** co-ordination. It spontaneously emerged from my retarded brain this morning, and I have made no private contact with anyone else on this sub asking for "help". Imagine what a group of coordinated individuals taking a pump seriously could do. + +This sub has been [growing fast](https://old.reddit.com/r/ASX_Bets/comments/llq0rd/subscriber_count_over_time_for_rasx_bets_we_have/) ever since GME shined the spotlight on our Mongolian basket weaving forums. Gone are the golden days where half the posts were from our memer in chief /u/bigjimbeef and the other half being an autistic mix of Melvin and Fish guts. + +Hopefully this can serve as a further wake-up call for our esteemed moderators who are already on [red-alert](https://old.reddit.com/r/ASX_Bets/comments/lhhvuo/killing_pump_and_dumps_targeting_rasx_bets_for/) from pumping groups attacking this sub. I think we might need further moderation rules to prevent further attacks, considering how "easy" this was. I think like WSB, there should be a limit on the market cap for a ticker to get mentioned here, e.g $10 million. The smaller the market cap, the greater the potential for malicious pumpers. + +I think all of us should also be more vigilant in enforcing the "Positions or Ban" unofficial rule. If someone is trying to hype something up, let them put their money where their mouth is or GTFO. The great shitposting culture we have here will last only as we can enforce it together. + + +TL:DR: This sub is an effective pumping ground, where even a joke can work. LONG DLC +&#x200B; + +https://preview.redd.it/tysb9jy9kbw61.jpg?width=700&format=pjpg&auto=webp&s=89a873140e058d746b58d9c21a348573747e3f4e + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy a Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/fc32n4nfkbw61.png?width=750&format=png&auto=webp&s=1eb827af99cc845ff738454ce2f402a2da0bfcb5 + +Origin's history has its roots in the 1940s as part of the Australian conglomerate Boral Limited. The original company covered building supplies, oil refining, tire manufacturing, and gas supply. In 2000, the energy assets were spun off as their own company, which became Origin Energy. + +&#x200B; + +[Business Model](https://preview.redd.it/ldtr0dljkbw61.jpg?width=1159&format=pjpg&auto=webp&s=8b07c39b7239919d0ca6a77a85d5fc0b03802791) + +Since then, Origin Energy has established itself as the largest energy retailer in Australia, with 4.2million customers nationally. They own the largest coal power station in Australia and the largest fleet of gas power stations. Further to that they own green energy assets like a pumped hydro plant, and have contracted supply of solar and wind assets. As part of their retail energy package, they also sell natural gas and LPG. + +&#x200B; + +[LNG production joint venture](https://preview.redd.it/mw87z0s2lbw61.jpg?width=879&format=pjpg&auto=webp&s=90e792770d6db488b41d4fb8e96beb0a801b5d2a) + +As large as they are in the energy business, retailing only represents about half of the business. Origin is also an integrated gas company, which is involved in exploration and production of LNG. On the exploration side, they have major fields in Beetaloo Basin (NT), Browse Basin (Coast of WA), and Cooper Basin (QLD). On the production side, they have a 30% joint venture in Australia Pacific LNG (APLNG), which consists of an outlay of gas-fields in the Bowen and Surat Basin (QLD), pipelines, and an LNG facility on Curtis Island near Gladstone. + +# The Checklist + +* Net Profit (ex abnormals): positive 9 of the last 10 years. Good āœ… +* Outstanding Shares: stable L5Y (one major cap raise 2015 for APLNG). Good āœ… +* Revenue, Profit, & Equity: stable but not growing L10Y. Neutral āšŖ +* Insider Ownership: 0.8% w/ on market buying in last year @ \~$5. Good\* āœ… +* Debt / Equity: 44% w/ Current Ratio of 1x. Neutral āšŖ +* ROE: 5.5% Avg L10Y w/ 6.8% FY20 Neutral āšŖ +* Dividend: 6.7% Avg L10Y Avg Yield w/ 6% FY20. Good āœ… +* BPS $6.71 (0.6x P/B) w/ $3.41 NTA (1.2x P/NTA). Good āœ… +* L10Y Avg: SPS $8.98 (0.5x P/S), EPS 50.3cents (8.3x P/E). Good āœ… +* Growth: +3% Avg Revenue Growth L10Y w/ -11.4% FY20. Neutral āšŖ + +^(\*The insider % is small, but for a company with a market cap this large itā€™s unusual for insiders to own a large portion. That being said, the CEO owns 650k+ shares with about the same again in options. Even at todayā€™s low price, itā€™s about $5million combined worth. A few other directors purchased on market last year, one of which in Dec bought $500k worth.) + +**Fair Value: $9.36\^** + +**Target Buy: $5.86\^** + +^(\^ Based on average SPS, EPS, and current NTA. This will be significantly revised in The Target section below.) + +# The Knife + +[10Y Chart](https://preview.redd.it/s2500a5flbw61.jpg?width=962&format=pjpg&auto=webp&s=33f1f636b181ba8f2f13b40e6c53a831e8824bb4) + +Between 2008 and 2011, Origin traded as high as $14.33, albeit at quite a few less shares. At its height, it commanded a market cap of $17.5billion. + +Since then, itā€™s had its ups and downs. In 2016, ORG hit a multiyear low finishing Jan of that year at $4.10. It recovered and climbed for years reaching just under 17 billion in MC in 2018. But by the end of the year, it had lost a third of its value yet again. + +Those that bought ORG all those many years ago in 2011 are down -70% on their capital. The dividends might have soothed the pain of these loses, but would not come close covering the extent of the fall, amounting to a total of only $2.78 per share since 2011. + +Those that bought in May last year, coming off the sharp crash earlier in March, would themselves be looking at a -25% loss. Shocking given how much it had already fallen just 2 months prior due to the pandemic. + +At todayā€™s close of $4.15, Origin is the #70 ranked company on the ASX. It has a market cap of 7.3 billion, less than half of its all-time high. + +# The Diagnosis + +The Short Answer: There is no short answer. + +Origin is a complicated business. Its footprint covers two sectors and multiple industries within those sectors. While its business is all about energy, that manifests in several ways. Not to mention covering just about the entire supply chain that it deals in. + +&#x200B; + +[Infrastructure Overview](https://preview.redd.it/ut1svedilbw61.jpg?width=1259&format=pjpg&auto=webp&s=9afe9c5ec8efdd4aafade1208b309ea8f0582c26) + +That being said, are two main halves to Origin. The electricity retailer market and the LNG exploration and production market. Each has its own set of interrelated headwinds. + +**The Electricity Market** + +I wrote a bit about the problems for base load power generation within the National Energy Market (NEM) in the first post of this series: [Catching the Knife: The Second Australia Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/). It might be worth having a brief look to understand the issues at play here. + +The basic synopsis is that the increasing presence of green energy sources like solar and wind present a unique problem for base load power producers. Especially for those producers that cannot easily taper their output during times of peak contribution by sources like solar. This threatens the business model of traditional base load electricity production companies due to forcing them to run at a loss for portions of the day. + +&#x200B; + +https://preview.redd.it/gtuxofgzlbw61.jpg?width=895&format=pjpg&auto=webp&s=4a1c22215b43e238340a9c70281b51765541ca08 + +To add to that, the pandemic hit coal power plants hard and seemingly sent them into a bit of a death spiral. Demands for electricity significantly decreased last year, causing an energy glut, which has brought forward the growing effect of green energy on the NEM spot prices. + +&#x200B; + +https://preview.redd.it/yzezsi62mbw61.jpg?width=1099&format=pjpg&auto=webp&s=236b72158bec468bffa967c692cc53f7a085e97b + +Falling prices meant that larger base load production companies had an earnings haircut. Origin included. The same dip can be seen on the gas side of retail as well, though that appears to be recovering now. + +**Coal vs Gas** + +The main problem with coal baseload is that it's somewhat and on or off sort of generation mechanism. Origin is not immune to this problem. For one, they own the largest coal power station in Australia, Eraring power station. As an overall percentage of their output, it is not nearly as problematic as AGL. Even so, coal power represented 60% of Originā€™s FY20 power output. + +&#x200B; + +[Origin FY20 vs FY19 power output](https://preview.redd.it/8rtusd7imbw61.jpg?width=1200&format=pjpg&auto=webp&s=d9c26d38d0b8fdfd4ec613c202223da95f4d900a) + +What is crucial here though is that Origin has a significant footprint in gas turbine generated electricity. They own six gas turbines and have several contracted green sources. This is extremely relevant in this climate. While gas stations donā€™t tend to produce the same huge volume of power as do coal stations, they are very reliable, and more importantly, they are much more flexible. + +&#x200B; + +https://preview.redd.it/ghirn8240fw61.jpg?width=894&format=pjpg&auto=webp&s=d2ac11afc32df62c520b60b32557d0ff6a8de0ca + +Gas combustion turbines have a spin up time from cold shutdown to full load that can be sometimes as quick as 10 minutes, depending on the exact equipment. Most can hit full load within an hour. This is in contrast to coal steam turbine power, which usually take a full day to fully start up. So, for example, when solar contribution ramps up during the afternoon, gas turbines are more capable of tapering off their output and then restarting quickly once needed again. + +&#x200B; + +https://preview.redd.it/2at6wunlmbw61.jpg?width=788&format=pjpg&auto=webp&s=21b99143d7b956eadc1fc4ca8de79775c4477009 + +In addition to being quick starters that can flex to the demands of the day, gas turbines are also one of the cleanest forms of fossil fuel energy, producing only about half of the emissions of coal stations. + +For these reasons, gas power is rightly considered the best transition fuel. It compliments other greener sources of energy, and helps fill the gaps in the gridā€™s energy requirements during cloudy or still days. So, while the current energy market is taking it on the chin, Origin appears to be well positioned for the future. + +**The Exploration & Production Market** + +The other half of Originā€™s business is experiencing headwinds resulting from historically low oil prices. A big chunk of the APLNG supply contracts are linked crude oil prices. + +&#x200B; + +[Origin LNG contracted supply](https://preview.redd.it/t2vcqqaypbw61.jpg?width=1200&format=pjpg&auto=webp&s=02afbffb493c6e25a9aaa0c6963c3e733f2e2ac9) + +Oversupply issues stemming from the sharp drop off in demand during the pandemic sent the crude oil market into a dive. + +&#x200B; + +https://preview.redd.it/ew71t6prmbw61.jpg?width=1066&format=pjpg&auto=webp&s=8f2f3e57e85014abe84a269f6f8ae2f428da157a + +Indeed, prices were negative in oil futures for a day in 2020. Afterwards, and for most of the 2nd half of 2020, crude prices hovered around $40 per barrel. That was about 30% down from where it had been trading in FY19 and FY20 at around $60. As a result, APLNG has gone from posting a record $1.2 billion dollar cash distribution to Origin in FY20, to being forecast to likely only contribute half that in FY21. + +# The Outlook + +On the electricity side, Eraring power station is set to run until at least 2030. Origin is planning on pulling back on the total energy output at Eraring and using its more flexible contracted green energy supply from wind and solar to fill the gaps. This should help with cost efficiency. + +&#x200B; + +[Eraring Power Station](https://preview.redd.it/325tinr8nbw61.jpg?width=2657&format=pjpg&auto=webp&s=4ab33f4cdf0e58cab5131c8fe3dba7e6c2c8bff6) + +Furthermore, AGLā€™s Liddell station is planned for closure in 2022, which will help to address the current glut of baseload power present in the national grid. This is less than ideal for AGL, who loses a source of revenue, but is a boon to Origin. The void Liddell leaves will better justify the remaining baseload coal power stations and potentially put some upward pressure on electricity prices. + +On the APLNG side, the crude prices have largely recovered into the $60+ range since the start of this year, and is expected to continue to rise. This will improve the pricing for some of the contracted supply from APLNG. + +&#x200B; + +[APLNG Curtis Island](https://preview.redd.it/5qiqti1anbw61.jpg?width=1880&format=pjpg&auto=webp&s=5d6d45f0b5d14ba6f6ec1fff19e6637b8e4c1d88) + +Further to that, when Origin ventured into LNG in a big way it loaded up heavily on long term debt. In 2015, it had accumulated 11.8billion in long term debt. Over the course of the last 6 years, Origin has been paying that down each year to the tune of about 1 billion a year. Itā€™s 1H21 report showed that they had brought the balance down to 4.6billion, almost a third of its original impost. + +Much of the APLNG distributions have been going towards servicing the debt. Without additional large outlays, Origin could have the majority of its debt cleared within 4-5 years, at which point it can fully realize the investments it has put into place with the regular 0.5-1billion dollar distributions going straight to the net profit line. + +Further to that, developments at their exploration fields like Beetaloo could punctuate Originā€™s long-term LNG prospects with emphasis, keeping its place among the largest LNG exporters in the country. + +# The Verdict + +Origin is conscious of its position as a preferred transition fuel. They state as much in their reports. Currently operating six natural gas power stations in Australia, and with the imminent a closure of one of AGL's major baseload stations, this bodes well for Origin in FY23 and beyond. + +Furthermore, with much of its APLNG profits hanging on the price of crude, the higher prices of the last few months should provide some relief. If crude stays at this level or higher, I expect FY22 and FY23 will see some of the larger distributions similar to 2018-2020, when oil traded at similar levels. + +All that being said, despite all the headwinds, this appears to be a perfect storm of events in the energy industry that has led to Origin being in the position that it is in. I do not see Originā€™s problems as structural, however. In some ways it suffers from market sentiment surrounding the downfall of AGL (and coal power). On the contrary, Origin's positioning for the next 20 years seems to be very good. + +# The Target + +So, if we think that Origin is a viable business in future then the next step is to figure out a good entry point. + +&#x200B; + +https://preview.redd.it/z9xd7q0lrbw61.png?width=632&format=png&auto=webp&s=4e08660b045b5aed201bb98e452076505d91c17b + +Apart from the cyclical nature of its underlying profits, Originā€™s overall figures have been pretty consistent throughout the last 10 years. Using average SPS and EPS wouldnā€™t be a bad idea to give an idea of the long-term value of the company when energy markets recover (refer initial fair & target price at the start). This is where I think the ceiling on the stock could easily in the double digits long term (5+ years). + +However, if we are going to catch a knife, itā€™s best to try to find an entry point that is more relevant to Originā€™s current struggles, so that we prevent ourselves from entering too early. It also mitigates the downside risk should the energy market continue to struggle. + +&#x200B; + +https://preview.redd.it/zn2jlqojrbw61.png?width=615&format=png&auto=webp&s=f99a2829dc83539a6d334ca824f41ace5127fd80 + +The trouble with Origin is that its business is so split and subdivided, itā€™s actually pretty difficult to estimate, even having the insight of the 1H21 figures. Above is a first pass simple estimate, merely doubling the 1H21 figures. This might not be too far off the mark too. In 2H21, the electricity market is expected to stay depressed, but the LNG market should see an uplift, so the two should balance each other out. + +&#x200B; + +https://preview.redd.it/0fyhlqrirbw61.png?width=619&format=png&auto=webp&s=0c78f8ede02137fea656a161f2f989cd29f26bb4 + +Origin themselves give the above guidance for FY21. They donā€™t give estimates on revenue and profit levels, but it seems to roughly conform with the simple estimates when factored out. + +&#x200B; + +https://preview.redd.it/yzbda7shrbw61.png?width=617&format=png&auto=webp&s=f8f3e325cc049597aa9f261bf568cb99a79fabf0 + +Those more sophisticated than I have given their own estimates. The above show broker forecasts for the EPS and DPS for the next couple of years. When the FY21 EPS is multiplied out, it works out to be roughly 300million in earnings, which again largely conforms with our other estimates (when comparing historic underlying earnings with statutory net profits). + +One thing to note is the book price. Itā€™s somewhat of a trap I think to be using the statutory book price for this company. Origin has quite a bit of intangible and goodwill sorts of values in its equity statements. The difference between the net tangible book and the standard book is nearly double. I think that it far more prudent to run the tangible book in this instance, and similarly estimate using the more conservative broker FY21 forecasts for EPS and DPS. + +As such we get the following stats: + +* SPS $6.89 +* EPS 16.5c +* DPS 20.4c +* NTA $3.41 + +This gives us the following fair and targets for FY21 estimated figures: + +**Fair Price (FY21): $6.89** + +**Target Price (FY21): $3.37** + +If we expect for the energy market to improve going into FY22 and FY23, it might be preferable to average the EPS and DPS broker estimates for the full three forecasted years. If so, we get the following: + +**Fair Price (F.Avg): $7.38** + +**Target Price (F.Avg): $4.30** + +&#x200B; + +https://preview.redd.it/ywzlrsrpnbw61.jpg?width=938&format=pjpg&auto=webp&s=c3f61b6e21656b5e35942e8a5f3e9d5e54c4c94d + +From a very basic technical perspective looking at the 1year chart, Origin has shown a fair bit of support at the $4.00 level. This is where it bounced in March 2020. It held again in the dip in Nov, and so far since 21st of April. Closing today (30th April) at $4.16, itā€™s still perhaps a good entry point from a technical point of view too. This fits in with our longer term F.Avg target price. + +# The TL;DR + +I think that Origin right now presents a unique opportunity to invest in a multibillion-dollar energy & utility stock at a multi-year low. It is positioned well for the next 20 years as a transition fuel that works well in conjunction with green energy sources. The current price commands a premium 5%+ dividend. But better, it has a significant potential upside in capital growth when the energy markets recover, based on its historical price levels. I think realistically, we could see Origin regain a $10+ share price in the next 3-5 years once it winds down its debt and fully realizes its APLNG investments. Iā€™ve put my money where my mouth is on this one. + +*Anyways, thanks for attending my ted talk and fuck off if you think this is advice.* šŸš€šŸš€šŸš€ + +S*uggest other dogshit stocks (that are/were in the ASX 200) below, and Iā€™ll consider putting them on the watchlist for future DD.* + +*Currently on the Watchlist (rough order): KGN, TLS, AMP, WHC, APX, SXL, ASB* + +Edit: some typo fixes +I saw [this plot](https://en.wikipedia.org/wiki/File:U.S._Federal_Income_Tax_Rates_2013.png) in another thread on r/economics. I am now wondering why we define particular brackets in the first place? The brackets seem rather arbitrary, and discontinuous changes seem like they could create odd incentives. + +So, why not define some smooth increasing function for the marginal tax rate? e.g. for your I'th dollar of income, take a marginal tax rate of something like A * log(k + I) with constants A and k. +GBPUSD fuking rekting me rn. Literally just screwed bruh. What is the reason for this drop? I seriously donā€™t understand how inflation leads to the dollar getting stronger? Tf? +EDIT: I meant gbpusd not usdgbp +I read a post that had a title ā€œBest Countries To Live Off Of Dividendsā€ and I was wondering, which state in USA would be best to retire based of just your dividend income. +I read a post that had a title ā€œBest Countries To Live Off Of Dividendsā€ and I was wondering, which state in USA would be best to retire based of just your dividend income. +Been playing this level to level and currently support has flipped into resistance. Hesitant to short because volume looks weak, which could be indicative of selling exhaustion, but at this point Iā€™m probably looking for strong candles to break the little support weā€™ve just made around $16.5k +I just donā€™t really see what they add, other than marketing and some basic negotiating, which you could do yourself. + +I donā€™t see what warrants a 2% commission. Is it legal to sell without them? + +Edit: this or assuming you go through a legal agency and get all the proper legal contracts drawn up yourself of course +Now before I get called a mayonnaise slinging shill hear me out. + +This hasn't stopped me from buying, hodling and voting. This is simply a discussion I want to start to further harden our diamond hands šŸ’ŽāœŠ. + +For months now apes have been telling themselves to hold and expect nothing, prepare for everything. This includes putting all your faith in specific dates. I believe the veteran apes have already been tried and tested but for the new apes out there. 6/9 is NOT the MOASS date, just because people are hyped about the meeting doesn't mean it's when MOASS will start/happen. + +If you think for a second all your time and effort hinges on this date. You are playing yourself and I wouldn't be surprised if you become a paper hand. Remember to expect NOTHING. + +HODL šŸ’Ž + +Edit 1: Thanks for the awards! I actually didn't see a previous post (maybe 20-30 mins) older than this. + +Edit 2: I have seen a few comments saying this is fud. Sorry if it appears that way. But patience is key. + +Edit 3: thanks for all of the awards and comments guys and gals. I am lovin6the discussions going on below. + +Edit 4: a fellow ape brought up a similar topic yesterday on the daily https://www.reddit.com/r/Superstonk/comments/nr819f/gme_daily_discussion_june_03_2021/?utm_medium=android_app&utm_source=share a Yokashi-Monta, it's a different take on what would happen on 6/9 take the time to read it and come up with your own thoughts + +Edit 5: Got that dreaded message from reddit, been reported for 'suicidal thoughts'. Looks like I triggered a couple of man children. +Yes, this is what decentralization looks like a single mistake in line of code from the devs team is going to cost people $34 Million. + +>Bid count tracker calculated incorrectly. This caused downstream validation to fail permanently; preventing withdrawal of mint funds. + +Here's the whole thread if you want to know how it happened. + +[https://twitter.com/dapperSBD/status/1517766010442375168](https://twitter.com/dapperSBD/status/1517766010442375168) + +&#x200B; + +[Here another twitter user explaining the whole situation.](https://preview.redd.it/j1nbze6pxbv81.jpg?width=701&format=pjpg&auto=webp&s=8b9c6e0a7493a1f9db47d4a5b4d12c2035f3029d) + +&#x200B; + +&#x200B; + +https://preview.redd.it/nozyumqrxbv81.jpg?width=697&format=pjpg&auto=webp&s=01002ab2b7ccc2077b94f7229250c75c677b8e60 + +&#x200B; + +https://preview.redd.it/ht3rw7qtxbv81.jpg?width=697&format=pjpg&auto=webp&s=bb8769a692a2ab9ba15532567e0cf7c777705f10 + +Source for this thread: [https://twitter.com/0xfoobar/status/1517680400142716929](https://twitter.com/0xfoobar/status/1517680400142716929) + +RIP 11,539 ETH we will never see them again. + +&#x200B; + +Edit: + +> Arrogant team deliberately ignored people warning them of a poorly designed contract, all funds could've been locked forever, but exploiter acted in good faith so it seems all money will end up where it should. Thanks for reading! + + https://twitter.com/0xfoobar/status/1517662985690484736?s=20&t=Y5HJkTxMJ0btvki2601maQ +[Link to the original discussion](https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671/highlight/true) in german (only the screenshots were translated with Google Translator) + +*Just for Safety:* + +* [*https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671*](https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671) + +[Comdirect user asks about the correctness of the split after the crazy off- and on-booking of GME shares last Friday after market close at many German brokers](https://preview.redd.it/f6m8e17kv3f91.png?width=884&format=png&auto=webp&s=4610c137dbb8773713aecd72565a3ff08952a570) + +[Comdirect first admits to having booked the dividend split incorrectly as a stock split and clearly names the corporate action as a stock dividend. Then Comdirect support corrects itself half an hour later and says it is a regular stock split and claims that a stock dividend is just a rumor](https://preview.redd.it/n2zz7xx0n5f91.png?width=872&format=png&auto=webp&s=11724bc57e3b20addeba1f4704a4a067e70d17ab) + +[Comdirect has no idea and a lot of it ](https://preview.redd.it/r6l39cxcw3f91.png?width=887&format=png&auto=webp&s=0de663e25a4540ced454d267318748d07152c4de) + +[Ape explains to support that GameStop itself says it is a stock dividend](https://preview.redd.it/xt2fevojw3f91.png?width=895&format=png&auto=webp&s=cedda8b554a3321538578ebe8d0102de9de420ff) + +[Ape explains to support the difference between a normal stock split and a stock dividend split](https://preview.redd.it/2wioddtqw3f91.png?width=881&format=png&auto=webp&s=0cfc173fb6aa4aabb9a04ecb74a5e253e49670d8) + +[Comdirect will handle it like a normal stock split on instructions from DTCC. Another community user thanks Comdirect for the clarification and now thinks that GameStop's wording is a misinformation](https://preview.redd.it/00cm9vjyw3f91.png?width=877&format=png&auto=webp&s=ec548ff42ef48b95a2f368ce5d951f826469c2a2) +I want to know if anyone has ever tried to go to the extreme in order to pay off their debt as quick as possible? + +Ā£600 left of my salary goes straight to essential living expenses. This includes food but thats it. I wonā€™t be able to have a social life (Iā€™m 29) but I donā€™t think I will mind as I feel like this debt is putting a strain on my mental health and I really need to get some outside perspective. + +Any advice would really help. Thanks + + +Edit: Thanks so much to everyone for their advice. After reading through it all, I have a plan of action that Iā€™m now a lot more confident in and happy with. + +Hereā€™s the info on my debt that I missed out in the original post: + +Overdrafts:- + +(1) -Ā£210, 39% apr + +(2) -Ā£810, 29.9% apr + +Credit card:- + +(1) Ā£3.5k, 0% until this Sept then 29.9% apr + + +My plan of action, starting this month, is to pay off my two overdrafts with Ā£1k and then do monthly repayments of Ā£750 towards my credit card until itā€™s cleared. Paying Ā£750 rather than Ā£1k gives me some breathing room which I think is good balance for my life. I did consider switching to a 0% but I would rather not have the extended time to let my credit card debt run away from me again. + +Thanks again everyone!! +Hi guys - sorry if formatting is off or I wasn't supposed to post here but I'm unsure of what else to do. + +This weekend, I noticed a deposit of $10,441 into my checking account with Chase. The line item title is simply "Deposit ID Number XXXXXX" (Xs being actual numbers). In addition, there was a picture attached with both front and back of a deposit slip, which had my name and checking account number on it (handwritten). + +I am well aware that this is most likely some type of scam, so I called Chase. Here's what they told me: + +1. This was a cash deposit. Someone brought actual bills and deliberately deposited them into my account (I'm assuming, because they know both my name and account number). +2. The deposit is 100% legitimate according to Chase. +3. It was deposited in a different state (I'm in the Western area of the US, the deposit was made in a more central state). +4. Since this person knows my account number and name, they probably know my address too, which is extremely worrying. + +Now, here's what I am sure of / what I am doing: + +1. I am not touching this money until much much much further clarity from the bank. +2. I am getting my account number and routing number changed in person at a Chase branch this weekend. +3. Changing my Chase login and password +4. I have not told anyone (even family) my account info since I only opened it 3 weeks ago. +5. The bank has put a note on my account saying that my info could have been leaked and thus to carefully review my transactions to avoid fraud (eg. Someone in some other state tries to withdraw money from my account) + +Does anybody have any further advice? This might be a stretch, but I am worried this might be something related to illegal activity and am worried about my safety due to the potential leaking of my address, which is something I can't change. Any advice would be much much appreciated. + +UPDATE: First of all, thank you everyone for your input, advice, and personal stories. I apologize for not replying to all comments as I fell asleep pretty early yesterday and have been working today. Since I now have an update, I will be positing it here rather than replying individually. + +I called my bank again today and asked them about all the technicalities that you wonderful people informed me about - they gave a lot of information (for eg., can't access camera recording because need a police report, can't access Currency transaction report because turns out it's actually a bank transfer and not a cash deposit, shit like that basically). They did however say that they have got in touch with the branch where the deposit happened and that the people there are looking into it and will call me. + +I just got off the phone with the banker from the branch where the deposit was made and he told me that it was indeed a bank error (no longer in my favor unfortunately - you lied to me monopoly) and that they have identified where it was supposed to go. Within a few days, it will leave my account and enter the right place. + +So, in conclusion, most of you were right and my paranoia was baseless. Honestly, I am relieved. I didn't start the process of changing my cards yet, so that's some time and effort saved. I anticipate that some people might say I could have somehow kept the money, but honestly, I don't want to fuck someone else over, and more importantly, I don't want to fuck myself over. Anyway, thank you everybody!! +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) +# 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.... +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! + +**Preamble:** There is no way around it. A vast majority of us Redditors absolutely hate The Motley Fool. I feel that itā€™s justified, given their clickbait titles or ā€œ5 can't miss stocks of the centuryā€ or turning 1,000 into 100,000 posts designed just to drive traffic to their website. Another Redditor summed it up perfectly with this, + +>If [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) and [r/stocks](https://www.reddit.com/r/stocks/) can agree on one thing, itā€™s that Motley Fool is utter trash + +Now that thatā€™s out of the way, letā€™s come to my hypothesis. There are more than 1 million paying subscribers for Motley Foolā€™s premium subscription. This implies that they are providing some sort of value that encouraged more than 1MM customers to pay up. They have claimed on their website that they have 4Xā€™ed the S&P500 returns over the last 19 years. I wanted to check if this claim is due to some statistical trickery or some outlier stocks which they lucked out on or was it just plain good recommendations that beat the market. + +Basically, **What I wanted to know was this - Would you have been able to beat the market if you had followed their recommendations?** + +**Where is the data from:** The data is from Motley Fool Premium subscription (Stock Advisor) in Canada. Due to this, the data is limited from 2013 and they have made a total of 91 recommendations for US-listed stocks. (They make one buy recommendation every 4th Wednesday of the month). I feel that 8 years is a long enough time frame to benchmark their performance. If you have seen my previous posts, I always share the data used in the analysis. But in this case, I will not be able to share the data as per the terms and conditions of their subscription. + +**Analysis:** As per Motley Fool, their stock picks are long-term plays (at least 5 years). Hence for all their recommendations I calculated the stock price change across 4 periods and benchmarked it against S&P500 returns during the same period. + +a. One-Quarter + +b. One Year + +c. Two Year + +d. Till Date (From the day of recommendation to Today) + +Another feedback that I received for my previous analysis was starting price point for analysis. In this case, Motley Fool recommends their stock picks on Wed market close, I am considering the starting point of my analysis on Thursdayā€™s market close price (i.e, you could have bought the share anytime during the next day). + +**Results:** + +https://preview.redd.it/oo61ht373bw61.png?width=623&format=png&auto=webp&s=8c8d785445785475c739f84ea3638bb820420bb2 + +As we can see from the above chart, Motley Foolā€™s recommendations did beat the market over the long term across the different time periods. Their one-year returns were \~2X and two-year returns were \~3X the SPY returns. Even capping for outliers (stocks that gained more than 100%), their returns were better than the S&P benchmark. + +https://preview.redd.it/qo4xaop93bw61.png?width=623&format=png&auto=webp&s=8bf4985e21430a811827242ce9b3587e9a4ae25a + +But itā€™s not like all their strategies were good. As we can see from the above chart, their sell recommendations were not exactly ideal and you would have gained more if you just stayed put on your portfolio and did not sell when they recommended you to sell. One of the major contributors to this difference was that they issued a sell recommendation for Tesla in 2019 for a good profit but missed out on Teslaā€™s 2020 rally. + +**How much money should you be managing to profitably use Motley Fool recommendations?** + +The stock advisor subscription costs $100 per year. Considering their yearly returns beat the benchmark by 13%, to break even, you only need to invest $770 per year. Considering a 5x factor of safety as historical performance cannot be expected to be repeated and to factor in all the extra trading fees, one has to invest around $4k every year. You also have to factor in the mental stress that you will have to put up with all their upselling tactics and clickbait e-mails that they send. + +**Limitations of analysis:** Since I am using the Canadian version of Motley Foolā€™s premium subscription, I have only access to the US recommendations made from 2013. But, 8 years is a considerably long time to benchmark returns for the service. Also, I am unable to share the data I used in the analysis for cross-verification by other people. + +But I am definitely not the first person to independently analyze their recommendations. [This](https://www.researchgate.net/publication/321057021_Evaluating_the_performance_of_the_Motley_Fool%2527s_Stock_Advisor/fulltext/5a0af7be458515e482743bf9/Evaluating-the-performance-of-the-Motley-Fools-Stock-Advisor.pdf?origin=publication_detail) peer-reviewed research publication in 2017 came to the same conclusion for the time period that was before my analysis. + +>We find that the Stock Advisor recommendations do statistically outperform the matched samples and S&P 500 index, since the creation of Stock Advisor in 2002 regarding both short-term and long-term holding periods. Over a longer holding period, the Stock Advisor portfolio repeatedly outperforms the S&P 500 index and matched samples in terms of monthly raw returns and risk-adjusted measures. Although the overall performance of the Stock Advisor portfolio benefits from remarkable recommendation performances between 2002 and 2006, the portfolio still exceeds the benchmarks regarding risk-adjusted measures during the subsequent period between 2007 and 2011 + +**Conclusion:** + +I have some theories on why Motley Fool produces content the way they do. The free articles of the company are just created to drive the maximum amount of traffic to their website. If we have learned anything from the changes in blog headlines and YouTube thumbnails, itā€™s that clickbait works. I guess they must have decided that the traffic they generate from the headlines and articles far outweigh the negative PR they get due to the same articles. + +Whatever the case may be, rather than hating on something regardless of the results, we could give credit where credit is due! I started the research being extremely skeptical, but my analysis, as well as peer-reviewed papers, shows that their Stock Advisor picks beat the market over the long run. + +*Disclaimer: I am not a financial advisor and in no way related to Motley Fools.* +To all those who said this company would never get above 50 cents, a dollar, 1.25, 1.50... + +We made it, and were just getting started. So many people told me NOU was a better buy, well GRAT is about to overtake it in share price. Letā€™s go! Iā€™ll see you all on the other side at $5. +This is not a "please help me plan" post, it's a "don't let this happen to you" post. + +I used to be good with money, saving what I could, tracking everything to the nearest dollar, not indulging too much. Then I got a credit card. + +Slowly I started to use the card for more than gas. "I'll pay it off fully," I told myself. And I did for over a year. I believed I could transition over to using the card all the time... and things went ok actually. + +I stopped being vigilant about money. Amazon packages every other day. Expensive specialty toys for the work shop. And then I just... didn't check my accounts at all. Everything was on auto pay for the most part, and what wasn't could be taken care of in seconds online so I never looked too hard. + +Today my wife and I had a conversation about money, so I took a good hard look. Student loans, car, and credit cards all total 21,000 dollars. Not nearly as much as others, but way more than I thought. Not to mention the house payment. + +I can pay this off, I can become vigilant now as I did before. But please use this as a cautionary tale: making a habit out of treating yourself can lead you to a bad spot. +For those who are not aware, Elon Muskā€™s favorite cheese of all time is Stilton. We all know how well Musk tweets run but this one is entirely different. They used the initial boost they got during the heyday of cheese coins and decided to attach legitimate utility to it. + +&#x200B; + +What really surprised me from the jump is their effective marketing. This team are insanely good storytellers and the way they describe how the project came together truly makes you want to ape in and be apart of the $Stilton community. + +&#x200B; + +In only a couple days after launch the team released a parallel NFT project that did extremely well. They did not just stop at NFTs either. + +&#x200B; + +Due to the fact that the community was rallying around the token so hard, the team went to the drawing board and asked themselves how exactly do we provide longevity, engagement, and utility while still keeping the immense amount of fun and energy meme tokens should have. The answer, $Stilton Casino. Yep, you read that right. They are going to be launching a multitude of fun, lottery/casino type games where you can use $stilton as the currency. + +&#x200B; + +But, the coolest aspect of the entire project is that they are actually sending a piece of Stilton Cheese into SPACE. YUP, SPACE. A testament to how far the team thinks the project can go mixed with a marketing campaign that has a huge chance of going viral. Maybe even Elon himself will notice the piece of Stilton flying around up there on his next trip to Mars. + +&#x200B; + +Donā€™t fade good teams with strong communities, they are already legging up as I am typing this + +&#x200B; + +Tokenomics: + +Current Supply: 7,423,664,728,387 + +Holder Count: 1,057 + +Market Cap: $10M + +Liquidity: $1,083,272 + +&#x200B; + +Taxes: + +10% on both buys and sells + +&#x200B; + +5% is melted (branded term for burns) + +5% goes to a marketing wallet to help grow the project + +&#x200B; + +Links: + +&#x200B; + +Website: [https://www.stiltonmusk.com](https://www.stiltonmusk.com) + +&#x200B; + +Dex: dexto ols.io/app/ether/pair-explorer/0x779dac1f4df345acb6ee814afda755f1693770cb + +&#x200B; + +OS: starsofstilton + +&#x200B; + +Twitter: [https://twitter.com/StiltonMusk](https://twitter.com/StiltonMusk) + +&#x200B; + +Telegram: [https://t.me/stiltonmusk](https://t.me/stiltonmusk) +For those who are not aware, Elon Muskā€™s favorite cheese of all time is Stilton. We all know how well Musk tweets run but this one is entirely different. They used the initial boost they got during the heyday of cheese coins and decided to attach legitimate utility to it. + +&#x200B; + +What really surprised me from the jump is their effective marketing. This team are insanely good storytellers and the way they describe how the project came together truly makes you want to ape in and be apart of the $Stilton community. + +&#x200B; + +In only a couple days after launch the team released a parallel NFT project that did extremely well. They did not just stop at NFTs either. + +&#x200B; + +Due to the fact that the community was rallying around the token so hard, the team went to the drawing board and asked themselves how exactly do we provide longevity, engagement, and utility while still keeping the immense amount of fun and energy meme tokens should have. The answer, $Stilton Casino. Yep, you read that right. They are going to be launching a multitude of fun, lottery/casino type games where you can use $stilton as the currency. + +&#x200B; + +But, the coolest aspect of the entire project is that they are actually sending a piece of Stilton Cheese into SPACE. YUP, SPACE. A testament to how far the team thinks the project can go mixed with a marketing campaign that has a huge chance of going viral. Maybe even Elon himself will notice the piece of Stilton flying around up there on his next trip to Mars. + +&#x200B; + +Donā€™t fade good teams with strong communities, they are already legging up as I am typing this + +&#x200B; + +Tokenomics: + +Current Supply: 7,423,664,728,387 + +Holder Count: 1,057 + +Market Cap: $10M + +Liquidity: $1,083,272 + +&#x200B; + +Taxes: + +10% on both buys and sells + +&#x200B; + +5% is melted (branded term for burns) + +5% goes to a marketing wallet to help grow the project + +&#x200B; + +Links: + +&#x200B; + +Website: [https://www.stiltonmusk.com](https://www.stiltonmusk.com) + +&#x200B; + +Dex: dexto ols.io/app/ether/pair-explorer/0x779dac1f4df345acb6ee814afda755f1693770cb + +&#x200B; + +OS: starsofstilton + +&#x200B; + +Twitter: [https://twitter.com/StiltonMusk](https://twitter.com/StiltonMusk) + +&#x200B; + +Telegram: [https://t.me/stiltonmusk](https://t.me/stiltonmusk) +Title says it all I suppose. Iā€™m trying to figure out the future and how to go- Iā€™m 20 and preparing to (finally) go to college in the fall. But Iā€™m still unsure of what to major in. + +As of right now, working part time and have about 1k in savings. I know itā€™s not much, but itā€™s a start! + +In regards to the question and due to the fact that Iā€™m not sure what to do for college, what have people here majored in and would recommend? Iā€™m definitely into computers and have been looking at CS- but also was debating entomology and also mortuary sciences. +I never realized AT&T is so expensive. + +I discovered this by weighing the costs of buying an unlocked iPhone (~ 500$) and jailbreaking it for T-Mobile vs. getting a plan with AT&T. + +I want to develop games and apps for the iPhone because (IMHO) the Droid Market isn't cutting it. PS - I currently have a G1. + +edit: I hope I'm not coming across as a T-Mobile salesperson. I never realized how cheap it was, comparatively. Shouldn't I share the news? +I never realized AT&T is so expensive. + +I discovered this by weighing the costs of buying an unlocked iPhone (~ 500$) and jailbreaking it for T-Mobile vs. getting a plan with AT&T. + +I want to develop games and apps for the iPhone because (IMHO) the Droid Market isn't cutting it. PS - I currently have a G1. + +edit: I hope I'm not coming across as a T-Mobile salesperson. I never realized how cheap it was, comparatively. Shouldn't I share the news? +The average PE ratio for the **S&P 500** has historically been **13-15**. + +Out of the [Top 100 stocks by market cap](https://assetdash.com/Stock/largest-companies-by-market-cap?m=Earnings), **81** have a **PE ratio over 20**. + +* The highest PE Ratio in the Top 10 is **Tesla** at **1,034.55**, the lowest PE ratio in the Top 10 is **Berkshire** at **15.39**. +* Apple, Amazon, Microsoft, Google, Alibaba, Facebook and Tencent all have a PE Ratio above 30. +* The "best" PE ratio in the Top 100 is **China Mobile Limited** at **8.26.** + +Is PE Ratio still a "meaningful" metric in 2020? Do you still use it when evaluating a potential investment? +This is not financial advice, do what you want with your money, yada yada. Just saying, there's always going to be something bright and shiny tempting apes to sell before the Squeeze is Squoze, but that would be a giant mistake. +My mom bought some CDs for my kids several years ago at National City. She held on to the paperwork for several years, then gave me the paperwork a couple years ago. I saw that the CDs were marked to reinvest at maturity. I wasn't a member of National City and didn't realize that they had been bought out or merged with PNC at some point. Since the CDs were marked to reinvest, I just held on to them. Flash forward to last week. I was getting some finances in order and decided to see about cashing the CDs in and moving them to a better investment for our girls such as a 529. I see that National City is now PNC. I take the CDs in, but they have no record of the account numbers. The CDs are in my mom's name, so she has to take it from there. She is currently getting bounced between our local PNC branch and their online call center. Her last communication was with a manger that said the money is probably "just gone" and that they purge records from time to time. Their advice was to work though a state webpage (Michigan) for lost or unclaimed money. Any advice? I have the original signed documents with the deposit amounts, terms, and account numbers. + +TL;DR +Have documentation for 7-year old CDs. Original bank merged with PNC, who now says the money is "just gone". + +Update: +Thanks for all the suggestions! The money is not listed in state or federal unclaimed property sites. After a long meeting with the bank manager there are no records of anything - even that my mom ever had an account. They escalated the issue to some sort of investigation department and seem to be taking things seriously. I'll post if/when there are other developments. +My new word for the day: escheatment. +Hi all, I plan on doing a weekly topic to discuss different topics relating to algotrading. Every Friday I will post a different topic and hopefully that will not only provide good discussion, but also weed out a lot of low-effort posts. The topics will range from trading theory, different philosophies, technical indicators, money management, computer hardware, and anything else that relates to algotrading. + +I will normally link the previous chapter here + +For today's topic, we will be diving in to everything that is volume! Volume indicators can be helpful in determining momentum and help in predicting trend continuation or trend reversals. Some common volume indicators include: + +1) On-balance volume (OBV) https://www.investopedia.com/terms/o/onbalancevolume.asp + +2) Volume oscillator https://www.investopedia.com/articles/technical/02/082702.asp + +3) Volume Weighted Average Price (VWAP) https://www.investopedia.com/terms/v/vwap.asp + + +If you have a different favorite indicator, please let me know and I will update the list. + +Here are some questions to get us started: + +- Whats your favorite indicator, and why? + +- How helpful are volume indicators for your trading style? + +- How do you adjust the indicators input/output to fit your trading needs? + + +I'm hoping this will be something that will generate a lot of discussion and help traders in their algotrading walk. Feel free to suggest topics below, and I will pick amongst the most upvotes/requested ones. + +As always, happy trading! +Do you think the first $100K is the hardest? How many people in their lives actually get to save $100K through hard work, investing, etc. + +For me, I knew it would not have been possible unless I was extremely frugal and worked multiple jobs. Frugality is important when you are starting off. I think now that I'm a little more comfortable, I can afford to spend a bit more, especially with a higher income and some investments working for me on the side. +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? +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) +My wife and I are looking to buy a home in the new 2-6 years. Each year we will be able to save extra money from our jobs that will go towards the down payment. I know conventional wisdom states to store this money in a high yield savings account (HYSA) or bonds. However with rates so low and the fact our timeline is so flexible we would be willing to entertain more risky options. If our money was tied up in an investment that happened to be down in a couple years we are perfectly comfortable with waiting things out and delaying the purchase of our home. + +&#x200B; + +Is there any kind of investment/ETF/mutual fund that is slightly more risky than bonds or HYSA but comes with a slightly higher yield? Bonus points if its inversely tied to single family housing prices :) + + +Edit: Would a target retirement year 2025 or 2030 fund fall into this category of less risky than an index fund but more return than a CD or bonds? +Yes, these companies pull all the levers and will do everything they can to protect themselves while siphoning more and more money from retail investors along the way. When you look at just that one part of this saga, it admittedly can feel like they are an unbeatable foe but if scroll out, you see something entirely different. + +I have read many times where apes equate what we are doing as going to war with these market makers and hedge funds. I don't see it that way. What I see here is the biggest siege in history against those that control and manipulate the stock market. A siege is not a war. A siege is a strategic position around a stronghold with the distinct purpose of suffocating the enemy's ability to supply themselves until they break. This is done by drying up their supply lines as you patiently watch the enemy inside the gates fall apart to the point they can no longer fight. At that point one of two things happens, those under siege surrender or the attacking force makes their move to finish them off. + +Apes are the siege army. But it gets even better. We are a distributed, self sustaining, independently owned and operated collection of random apes around the world conducting the siege. So whereas in an actual physical siege, there's a chance that an army sympathetic to those being squeezed will come in and break the lines from one flank or another, carving a safe path to the stronghold, we aren't like that. We are **EVERYWHERE**. We aren't choking the stronghold from right outside the gates. We are cutting off the supply lines from miles away in every direction. We are shutting down every road that leads to the stronghold, and because we are not one big coordinated group working under a single leader, we can't be broken by a single attack from the enemy. **They can't push through our lines because there are none for them to push through!!** + +They might do some damage here and there. They might drop the price enough for a few apes to sell and run from their post, but we have reserves coming every single day and those reserves pick up right where those that got scared left a small gap. But let's ignore those that might sell for the moment and consider those that will NEVER sell. That would be as if the opposing force smashed through a wall built along one supply line and found an exact copy of the now broken wall just behind it. They hit the next wall, only to see another wall behind that one. And so it goes. And maybe they will keep breaking these walls one after the other but there will always be another wall. At some point they run out of the supplies they need to break these walls. They no longer have the strength to crush even one more stone block. It's at that time they are now completely exposed, outside of their stronghold with no means of continuing the fight that it all comes to end. + +A siege takes time, and we have time. A siege takes patience and I have seen nothing short of infinite patience amongst the apes. Most importantly, a siege doesn't require you to fire a single shot. You just sit and wait.... and wait..... and wait while you choke the supply lines down to nothing and squeeze the opposing force until they can no longer sustain themselves. + +You all know how we choke the supply line. Now go and do it. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Over the past 5 years Iā€™ve built up to 51 units. Mostly lower end low cost units. But lately itā€™s been getting to the point where I feel held back by my w2 job. So Iā€™m thinking about leaving to try to scale this business big. I wanna hear your guys experiences when you decided to leave the job and dive full time into real estate. How did it work out for you? +As the year is coming to an end, first time landlords or owners of commercial property in general, what have you learned from actual experience as a property owner? + +Any advice would be appreciated. Thanks. +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! + +Financial institutions are not *usually* composed of idiots. When millions of shares of a company that's been beating the S&P 500 in a bear market are sold off by people who at first blush should know better, it's worth looking at why. So, what do they get from selling off? + +On one level, they obviously get nothing. They sell a profitable play and are handed rapidly depreciating cash in return. If this was the only level, the institutions would be idiots, and so we can discard it as their primary motivation. The answer is revealed if we look deeper at the systemic "idiosyncratic risk" posed by GME, and institutions' relationships to each other. As retail investors, we don't have a lot of access to the inner workings of institutions, but what DRS hodlers do have is a direct relationship with ComputerShare. We know from speaking with ComputerShare representatives that GME's idiosyncratic risk is threatening the volatility constraints of large brokers like Bank of America. This is why the maximum ComputerShare limit order price went from `INT32_MAX * $0.0001` to $3500 earlier this summer. If we extrapolate those concerns about volatility and large prime brokers out to the rest of Wall Street, we begin to understand why institutions are selling off. + +Institutions who were net long GME are not selling because they think GME is going to zero. Institutions who were net long GME are selling because they know **precisely the opposite is happening**, and other institutions they have relationships with are vulnerable to the MOASS. Say I'm the manager for a hedge fund, Headcomestoapoint Capital. My prime broker that my company has an ISDA[1] agreement with, Bogdabank International, calls me up and warns me that some of Headcomestoapoint Capital's holdings are becoming dangerously illiquid, and that they pose a risk to Bogdabank's prime brokerage unit. I as a fund manager don't want my prime broker to go down in the middle of a market crash as that would almost certainly put me out of business, so I sell some GME shares. This is basically the call BofA (deeznuts lmao) made to ComputerShare. ComputerShare of course is a transfer agent, so there's no "position" involved, only a volatility risk from limit sell orders. The reduction in limit price stopped the dry order books from jumping up to $214k overnight. I do believe this prevented the MOASS from starting earlier this year, but I don't think ComputerShare was told they had a choice. They're the transfer agent for much more than GameStop, remember, so they had a responsibility to their other customer companies to keep that brokerage access available. + +This is where we enter into real aluminum foil hat territory. Why was this past quarter the point where GME started posing a risk to prime brokers and the DTCC, even before the splivvy? I believe it was DRS. Between retail DRS and the other illiquid holdings (institutions, mutual funds, ETFs, insiders), almost 70% of the shares outstanding were unavailable. We know from studying past squeezes like VW and Tesla that 70-80% of shares being illiquid is where short sellers start to feel pain even without monster hidden short positions in options, swaps, SFTs, etc. What if Citadel and the other shorts called up the prime brokers they have relationships with and told them they were in danger from GME crossing a certain line? If that happened, I would expect the prime brokers to encourage institutional sell offs every time another few percent of the float got DRSed as a pressure release valve to stave off the MOASS one more month, one more week, one more day. The good news is that unlike a short position, institutional long holdings stop when they reach zero. If and when that happens, I predict that further DRS progress will start becoming visible in the ticker price. + +ta;dr buy, hold, DRS, shorts r fuk. + +[1]: Remember the JP Morgan lobby scene from *The Big Short*? That "ISDA" is how hedge funds get access to fancy securities like credit default swaps on MBSes, or basket swaps on GME. +Just as the title says, with the fed set to meet on Weds Sept 21 at 2pm to announce their next rate hike, there is pretty wide consensus/expectation of a 75 bps increase. There is also a possibility of 100 bps and comments could point to ongoing increases and maintaining higher rates for longer than most would like. In the event of whatever news coming out spooking markets with another leg downward, what are your top value targets to add? + +For me itā€™s TXN below $153 and GOOGL below $100 +Doing a brief screening here at the moment and Warner Brother Discovery caught my eye. I've noticed a fall of 50% since the spin-off/merger. My first question to those who might be able to help; - Does anyone know where I could find the data to see the position of legacy holders of AT&T that received shares posted spin-off - what their holding was initially to what it is now? Just want to understand if the fall in price. I can see it's partially attributable to the underperformance of Netflix recently enough. Similarly, there has been alot of insider buying post-spin-off above current price levels and a lot of value guys getting in on the stock including Burry. Has anyone seen any good write ups on the stock? +This is simple retards, he already publicly hinted at running for California Governor. All we have to do is spread the word and get this mans elected to Ca Governor. By that time this sub (considering the growth scale) should have enough members to swing an election vote. Hook, sinker ladies and gents, then we really take down the hedge funds. +Note: this is super retarded and probably wont work but cool to think about. +Positions: GME 350c / AMC 2700 shares @ 4.81 and jan 20c 2022. + +EDIT: P.S. : GME TO 10,000 + +EDIT 2: Yes, I live in California +Rent is going up another 200+ dollars we are already in the cheapest apartments in the area. I tried to negotiate last year they told me to suck it up and if I didn't like it move elsewhere. My partner makes good money and while my salary is not great the benefits are really awesome. I feel lost and hopeless. We were digging ourselves out of this mess and now we are right back to it. Coworkers asked if we were expecting to get an inheritance anytime soon which feels fucked up. And the answer is no. +Since $APE is going to have its own ticker, it stands to reason that we should ban referring to it just like mention of sticky floor has been banned. I will admit that the ape culture/imagery has never really resonated with me, but I think this would be a good time and way to differentiate ourselves from our well-meaning but ill-informed neighbors. This will probably get down-voted to hell, but thought I would float the idea. +I swear, the only thing making me bitter now is knowing I had the chance of getting in when it was under $10 and didn't, yet through mining and all the total I've actually put in is under $1.5k and whilst that's amazing. I can't even begin to comprehend how it must be for some of you guys. + +Just mind boggling how ether blew up, and will keep doing so, just kicking myself every other minute for not doing more earlier. +Hey all, + +So I'm 31, have a net worth of around 3m (1.4m in taxable accounts, 250 in retirement, ~1-3m in company stock which I'm actively cashing out). + +I'm currently paying a financial advice + tax prep company 8k a year for on demand advice and tax prep. This is worth the money for me: I trust them, they know what they're talking about, and they've already given me great advice such as using a mega back door Roth 401k rollover and backdoor Roth IRA. My situation is sort of complex as well with international tax obligations. + +For an extra fee on top of the 8k, (.9% up to 1m, .7% up to 2m, .5% over 3m etc.), I can pay them to take ownership of all the investments. I'm actively debating it. On the one hand, I trust them, and I'm not super active in managing my own money -- I stick it all in robo advisors basically. Also, they've pointed out the benefits of allocating assets correctly across the different buckets of my portfolio (taxed, tax-deferred, tax-free). I DONT do this on my own and probably never will. + +On the flip side, I'm scared of giving up so much control, it will likely be a hassle if I ever fire this company, etc. It's also a decent amount of money to pay them... + +Just wondering how you guys manage this and if you have any advice? +u/iota_4 is the original person who posted this, thank you!!!!! +(Btw not financial advice yada yada yada, remember monkey TOGETHER strong šŸ™ŒšŸ™ŒšŸ™ŒšŸ’ŽšŸ’ŽšŸ’ŽšŸš€šŸš€šŸš€šŸ¦) + +i have a message for all fellow apes: + +why aiming exorbitant high (letā€™s say for 200,000,000 USD) and having a floor at 10,000,000 USD is good..? + +in my opinion, it is necessary to aim that high, bc if not, more apes are going out early and the rocket could fall back.. + +so.. again, i hodl for not less than 10,000,000 USD a share and only selling AFTER the peak, no matter how long this will take. so it means, if the price will get above 10,000,000 USD (like up to around my real aim: 200,000,000 USD) and starting to fall back for, lets say, 20%, THEN i will sell. + +in this scenario i will sell my shares (each share!) in every case for not less than 8,000,000 USD FOR SURE! and this means not, that the rocket will fall back directly after i sold.. every ape has a different floor.. but my advise for myself is 10,000,000 USD as the MINIMUM floor.. for a life changing money for apes! + +to andromeda! . . āœ¦ 怀怀怀怀ā€‚ā€‚ 怀 怀怀怀Ėšć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€*怀怀怀怀怀怀ā€ˆ ā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀怀怀怀. 怀怀ā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ āœ¦ 怀怀怀怀怀怀怀怀怀怀 怀 ā€ ā€ ā€ ā€ 怀怀怀怀 怀怀怀怀怀怀怀怀怀怀怀怀,怀怀ā€‚ā€‚ā€‚怀 .怀怀怀怀怀怀怀怀怀怀怀怀怀.怀怀怀ļ¾Ÿć€€ā€‚ā€‚怀怀怀.怀怀怀怀怀怀怀怀怀怀怀ā˜€ļøć€€ć€€. ,怀怀怀怀怀怀怀.怀怀怀怀怀怀ā€ˆā€ˆā€ˆā€ˆć€€ć€€ć€€ć€€ 怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀ā€ˆ 怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀ā€ˆā€ˆā€Šā€Šć€€ā€ˆā€ˆā€ˆā€ˆā€ˆā€Šć€€ć€€ć€€ć€€ć€€ā€ˆā€ˆā€Šā€Šā€ˆā€ˆā€Šā€Šć€€ć€€ć€€ 怀怀怀怀怀怀怀怀怀怀. 怀怀怀怀怀怀怀怀怀怀.怀怀怀怀怀怀怀怀怀怀怀怀怀. 怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀ā€Šā€Šā€Šā€ˆā€ˆā€Šā€Šć€€ā€ˆā€ˆā€ˆć€€ć€€ć€€ć€€ 怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀ā€Šā€Šā€Šā€ˆā€ˆā€Šā€Šć€€ā€ˆā€ˆā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ā€Šā€Šā€Šā€ˆā€ˆā€Šā€Šć€€ā€ˆā€ˆā€ˆ āœ¦ 怀ā€‚ā€‚ā€‚怀怀怀,怀怀怀怀怀怀怀怀怀怀怀ā€ˆā€Šā€Šā€ŠšŸš€ $gme怀怀怀怀 怀怀,怀怀怀 ā€ ā€ ā€ ā€ 怀 怀怀怀怀怀怀怀怀怀怀怀怀.怀怀怀怀怀ā€ˆć€€ć€€ 怀怀怀.怀怀怀怀怀怀怀怀怀怀怀怀怀ā€ˆć€€ā€Šā€Šā€ˆā€ˆā€ˆā€ˆā€ˆā€ˆā€ˆā€Šā€Šć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€Ėšć€€ć€€ć€€ 怀 ā€‚ā€‚怀怀怀怀,怀怀怀怀怀怀怀怀怀怀怀ā€Šā€Šā€Šā€Šā€Šā€Šā€Šć€€ā€Šā€ˆā€ˆā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€.怀怀怀 ā€ˆć€€ć€€ā€‚ā€‚ā€‚ā€‚怀怀怀怀怀ā€ˆć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀怀怀.怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀* 怀怀 ā€‚ā€‚怀怀怀怀怀 āœ¦ 怀怀怀怀怀怀怀ā€Šā€Šā€Šā€Šā€Šā€Šā€Šā€Šā€Šć€€ā€ˆā€ˆā€ˆā€ˆā€ˆā€ˆā€ˆā€ˆć€€ć€€ć€€ć€€ 怀怀ā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ā€ˆć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀.怀怀怀怀怀ā€‚ā€‚ā€‚ā€‚怀怀. 怀ā€ˆć€€ć€€ć€€ć€€ć€€.怀怀怀怀 šŸŒ‘ 怀怀怀怀怀ā€Šā€Šā€Šć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀.怀怀怀怀怀怀怀怀怀怀ā€‚ā€‚ 怀 Ėšć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ļ¾Ÿć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀怀怀怀怀. 怀怀ā€ˆ 怀 šŸŒŽ ā€ ā€ ā€ ā€ ā€ ā€ ā€ ā€ ā€ ā€ ,怀 怀怀怀怀怀怀怀怀怀怀怀怀怀怀* .怀怀怀怀怀ā€ˆć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀 āœ¦ 怀怀怀怀ā€‚ā€‚ 怀 怀怀怀Ėšć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ *怀怀怀怀怀怀ā€ˆ ļæ½ļæ½ļæ½ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€ć€€.怀怀怀怀怀怀怀怀怀怀怀怀怀怀 +***Do NOT read this and then go 'all in' at 500:1 leverage. The usdtry is an insanely volatile pair. Be extra careful, but there are huge riches to be made from this (also be very careful of the swaps, they are massive for longs). This will spread like fire soon*** + +&#x200B; + +Three weeks ago, when Turkey was scrambling to defend the lira ahead of local municipal elections, a potentially destabilizing event which saw significant selling of the currency (and which ended up badly for Erdogan's ruling AKP party, which lost control of the two most important cities, Ankara and Istanbul), "*the Turkish central bank had burnt through at least a third of its foreign reserves in March in an effort to stem a plunge in the lira",* in a repeat of the crisis that engulfed the lira last summer and triggered a blast of inflation and the first recession in a decade, and was "putting the country on path to a full-blown currency and funding crisis." + +And despite what was a clear, continued central bank defense of the Turkish lira since then, Turkey's official reserves actually appeared to rise, in what was meant to telegraph confidence in the currency and give the impression that the lira was stable without continued central bank support. + +**There was just one problem: the central bank appears to have been if not lying, then grossly misrepresenting the true state of the country's foreign reserves .** + +As it turns out, Turkey has been pulling a financial trick popularized by China's PBOC for the past several years, and [according to the FT](https://www.ft.com/content/9718e75e-611d-11e9-b285-3acd5d43599e?emailId=5cb7599d8b95a100044f8b6c&segmentId=ce31c7f5-c2de-09db-abdc-f2fd624da608), **the country's central bank was propping up its foreign currency reserves with billions of dollars of short-term borrowed money,** "raising fears among analysts and investors that the country is overstating its ability to defend itself in a fresh lira crisis." + +After tumbling from a recent high of $34 billion to $25 billion at the end of March, Turkey reported that the net foreign reserves held by the central bank stood at $28.1 billion in early April ā€” a sum which the FT notes was already believed to be inadequate because of Turkeyā€™s heavy need for dollars to cover debt and foreign trade. But what the Financial Times uncovered is that this total was "enhanced" by a surge in the use of swaps, or short-term borrowings, since March 25. **Stripping those swaps out, the total is an alarmingly low $16 billion, an amount which could be depleted in just months, if not weeks,** especially if the news of the CB's plunging reserves creates a self-fulfilling prophecy in which lira holders rush to convert their currency before the central banks runs out of dollars. + +Confirming the FT's analysis, a former senior official at Turkeyā€™s central bank, who did not wish to be named (as it would mean an instant prison sentence by the country's "executive president"), said the extra dollars had been borrowed, not earned. **"This is not an orthodox \[approach to\] central bank reserve build-up."** + +To be sure, the Turkish currency market has been a shitshow for the past month: at the end of March, just days ahead of the elections, Turkey pulled another popular Chinese trick, when in an attempt to crush speculators and lira shorts, it briefly pushed up its overnight swap rates to 1350%, a level which resulted in swift condemnation from the international finance community which was furious at the ridiculous tricks pulled by the Erdogan government, as it instantly locked up the local financial system making international currency transfers impossible. + +Then, once the central bank realized it couldn't keep swap rates at stratospheric levels for long, it decided to change its approach, and opted to lie about its reserve situation instead. So, starting roughly around the time the overnight swap rate collapsed back to normal on March 28 the central bankā€™s use of swaps exploded, rising from virtually nothing to as much as $13bn by April 8, and a sharp increase from January 1 ā€” March 25, when borrowing never exceeded $500m, according to the central bankā€™s own figures. And as one would expect, when adding the impact of the swaps, the bankā€™s reserve figures started to climb again... but as shown in the top chart, the real number excluding the borrowings, was far lower. + +What exactly are these swaps? Stated simply, this is money that Turkey borrowed from the country's commercial banks, which just so happens, are flush with dollars after individuals and companies flocked to hard currency as a haven. + +For those following the fund flows, this circular arrangement was a delightfully Machiavellian construct by Erdogan: first, as a result of its collapsing reserves, the central bank prompted fears among the local population that its funding situation was unsustainable, forcing a surge in lira to dollar conversions among the local population (and foreign speculators). However, since the dollars that were received following the conversion were parked with the local banks, the central bank had easy access to use them - in the form of swaps - and as it received more dollars from the commercial banks, it not only could defend the lira further, using the people's money against them, but also misrepresent the true level of its net foreign reserves! + +To be sure, if and when this check kiting scheme was exposed, it would lead to even greater panic as a second wave of lira selling would ensue, as not only was the true level of reserves lower, but the central bank was in effect leveraging commercial banks' own dollar holdings in its defense of the currency. In doing so, if and when this valiant defense - which most likely will culminate with another IMF bailout - fails, then the commercial banks would go down too, as bank clients, realizing all their dollar deposits had been quietly carted over to the central bank, would be, how should we say it... furious. + +This also explains why, as the FT further note, "five other investors and analysts who have closely studied the bankā€™s activities in recent weeks spoke on condition of anonymity to the FT about their concerns over the reserves. **Several of them were fearful of speaking out on the issue after Turkish regulators launched probes into JPMorgan last month over its advice to clients to sell the lira**." + +>*Investors said they were worried about this practice of using one-week currency swaps, in which liras are exchanged for US dollars with local banks with an agreement to later reverse the transaction. They believe that this borrowing has flattered the central bankā€™s reserves data.* +*Some investors argue that the borrowed money should be stripped out of net foreign reserve data, leaving a remaining sum that is well below $20bn.* + +Responding to the FT, the central bank reluctantly confirmed that dollars borrowed in the first part of these transactions are added to the balance sheet. The obligation to later repay the dollars is recorded as an ā€œoff balance sheet item", which is precisely why Turkey is doing this entire scheme to make its reserves appear far greater than they are in reality. + +Naturally, the use of such reserve-masking swaps "sharpened fears that began to gather last month that the bank was burning through its hard currency to hold the lira steady in the run-up to local elections on March 31. The central bank declined to comment on whether it has intervened in this way." + +The impact of the swaps transactions is most vividly illustrated in the central bankā€™s daily balance sheet, which contains figures for foreign assets and liabilities that have been intensely scrutinised by analysts in recent weeks. Another way of representing the chart up top, net foreign assets ā€” calculated by subtracting the bankā€™s foreign liabilities from its assets and converting into dollars ā€” have risen and fallen in parallel with the amount borrowed through swaps. **The net foreign assets figure ā€” a proxy for how much assets Turkey has to continue defending the onslaught of lira sellers ā€” slumped by $9.4bn between March 6 and March 22 to $19.5bn, the lowest level on a US dollar basis since 2007**. + +Where things get interesting is what happened next: by April 5, the net reserve figure had swelled to $23.6BN, boosted by an increase in swaps. However, excluding swaps, **net foreign assets have stood at less than $11.5bn during the entire month of April, down from $28.7bn at the start of March on the same basis**. + +In other words, **Turkey is officially misrepresenting its current reserves by as much as 100%** just to give the impression that it can continue defending the lira, *when in reality is it using the very same dollars - swapped out from commercial banks - that the local population had converted into dollars as part of their flight away from the lira.* + +The condemnation from the analyst community was brutal: Piotr Matys, an emerging market currency strategist at Rabobank, said the use of swaps seemed to be ā€œ**some sort of window dressing**ā€ to create the impression of higher reserves. + +Furthermore, it is very likely that Turkey has been using these very swaps to support the lira. The central bank did not directly respond to an FT question about the use of funds, nor to a question about whether it used measures to prop up the currency since March 31 elections. However, it did say "a variety of factors could account for the shifting total." + +With little left in its defense, the central bank has demanded that analysts are wrong to focus on a net international reserves figure that is published once a week, and instead stressed that international reserve adequacy measures used the gross figure to test a countryā€™s preparedness. And while Turkeyā€™s gross foreign reserves stood at around $77BN in the first week of April, that number too is irrelevant considering the elephant in the room which we discussed last summer: **Turkey has $177bn in short-term external debt coming due in the next 12 months**; it has nowhere near the funds to repay it, virtually assuring some form of default and IMF bailout is inevitable. + +"Thereā€™s a general unease about whatā€™s going on behind the scenes,ā€ said Tim Ash, an emerging markets strategist at BlueBay Asset Management. A lack of transparency was undermining the bankā€™s already fragile credibility, he warned. + +**ā€œThe bottom line is that they donā€™t have enough, whether itā€™s net or gross,ā€** Ash added. **"Everyone in the market knows that Turkey doesnā€™t have enough foreign currency reserves to mount a sustained and credible defence of the lira."** + +The only question is when will the price of the lira, which at the current level of 5.75 vs the dollar is wildly overvalued, start reflecting Turkey's dismal situation. **Bye Bye Erdocunt ;)** +57% of tech executives responding to CNBCā€™s Technology Executive Council survey said finding qualified employees is the biggest concern for their company right now. + +Qualified tech employees is the biggest concern for the companies right now. I do experience the same at work - there is not good people at all. + +Do you think that would cause any growth concerns for the tech industry? If yes - who's going to sufferer the most. Do you account for that in your investment portfolio? +Schumer Talking To GOP To ā€˜See What They Wantā€™ In Marijuana Legalization Bill Coming This MonthPublished By Kyle Jaeger + +Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to ā€œsee what they wantā€ included in a bill to federally legalize marijuana heā€™s planning to introduce later this month. + +https://www.marijuanamoment.net/schumer-talking-to-gop-to-see-what-they-want-in-marijuana-legalization-bill-coming-this-month/ + +ā€œWe hope to [file the bill] towards the end of April,ā€ Schumer said, adding that he, Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) ā€œare talking about it and, in fact, weā€™re trying to reach outā€ to other lawmakers about the forthcoming bill. + +ā€œIā€™ve reached out already to a few Republicans to see what they want,ā€ he said. + +The senatorsā€™ proposal as released in draft form last year would federally deschedule cannabis, expunge prior convictions, allow people to petition for resentencing, maintain the authority of states to set their own marijuana policies and remove collateral consequences like immigration-related penalties for people whoā€™ve been criminalized over the plant. + +Edit: + +Sen. Cory Booker Hints Cannabis Administration and Opportunity Act is Nearly Ready + +https://hightimes.com/news/sen-cory-booker-hints-cannabis-administration-and-opportunity-act-is-nearly-ready/ + +Sen. Cory Booker suggests the full language of the Cannabis Administration and Opportunity Act (CAOA) could be released later this month. +Schumer Talking To GOP To ā€˜See What They Wantā€™ In Marijuana Legalization Bill Coming This MonthPublished By Kyle Jaeger + +Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to ā€œsee what they wantā€ included in a bill to federally legalize marijuana heā€™s planning to introduce later this month. + +https://www.marijuanamoment.net/schumer-talking-to-gop-to-see-what-they-want-in-marijuana-legalization-bill-coming-this-month/ + +ā€œWe hope to [file the bill] towards the end of April,ā€ Schumer said, adding that he, Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) ā€œare talking about it and, in fact, weā€™re trying to reach outā€ to other lawmakers about the forthcoming bill. + +ā€œIā€™ve reached out already to a few Republicans to see what they want,ā€ he said. + +The senatorsā€™ proposal as released in draft form last year would federally deschedule cannabis, expunge prior convictions, allow people to petition for resentencing, maintain the authority of states to set their own marijuana policies and remove collateral consequences like immigration-related penalties for people whoā€™ve been criminalized over the plant. + +Edit: + +Sen. Cory Booker Hints Cannabis Administration and Opportunity Act is Nearly Ready + +https://hightimes.com/news/sen-cory-booker-hints-cannabis-administration-and-opportunity-act-is-nearly-ready/ + +Sen. Cory Booker suggests the full language of the Cannabis Administration and Opportunity Act (CAOA) could be released later this month. +I'm one of those apes who needs to listen to the words while they read the words so I am making recordings of u/atobitt's newest additions to the House of Cards trilogy. I figure I'm not the only ape who needs to hear stuff for it to make sense, so I'm sharing my recordings here. Please forgive any flubs and corrections of flubs - I'm reading it all in my head for the first time as I'm reading it all out loud. + +The mp3 for Part 2 is... + +&#x200B; + +The mp3 for Part 3 will be posted first thing in the AM, probably during pre-market. I'll update this post with the link when it's done. + +UPDATE: omg APES BROKE DROPBOX. I had no idea this would be this popular. My account's been suspended lol. I'm adding a feed to my libsyn podcast account and posting the links through that. Stay tuned, replacement link will be posted shortly + +&#x200B; + +DOUBLE UPDATE: This is now officially a podcast. Takes some time for it to show up on all the podcast apps, but in the meantime you can listen directly on libsyn here: [https://superstonkddaudio.libsyn.com](https://superstonkddaudio.libsyn.com) + +&#x200B; + +I'll update again once Part 3 and Part 1 are done. + +&#x200B; + +THRUPDATE (that's a portmanteau i just coined for "third update"): Part 3 is LIVE: [https://superstonkddaudio.libsyn.com/house-of-cards-pt-3-by-uatobitt](https://superstonkddaudio.libsyn.com/house-of-cards-pt-3-by-uatobitt) + +&#x200B; + +The podcast name is SUPERSTONKDDAUDIO bc i'm an Ape and I forgot to use spaces. + +Spotify and Apple Podcast feeds are being worked on. Spotify should be live later tonight but Apple usually takes about a week to process a new podcast. + +I was so nervous to post the first recording last night - would Apes laugh? would Apes make fun? But I was nervous for naught! Apes support! Apes rejoice! + +So grateful for this community! + +I LOVE THIS STONK. +I moved into my house 6 months ago and luckily my partner got us on a fixed tarrif costing me about Ā£100pm atm, until 2024, but it all confuses me a bit, will they stabilise and come down or will demand just increase? +@channel Hey everyone. There's a lot of controversy in public channels about Status right now, so I'd like to take this chance to explain our position here openly. + +First of all, Iā€™d like to address the concerns of 'whitelisting whales'. Yes, there was a whitelist that ignored the maximum gas price, but this was not for any single individual but a collective of distribution partners. This was discussed in our Slack channel, and we had previously outlined this in detail here: + +https://blog.status.im/status-network-token-issuance-ad877b79a10 + +The largest part of the whitelisted pool was for ICOage, which alone had over 2,000 individual participants with a KYC process. This was a good hedge in addition to our dynamic ceilings approach, given the nature of pseudonymous addresses. + +imToken was our second largest allocation (with a further 2,000 participants). Their usersā€™ transactions were pooled together in an attempt to avoid DDOSā€™ing the network. We will be publishing a full report shortly on why this decision proved to be the right one. + +Unfortunately some contributors set a higher gas price than the maximum of >50 Gwei, resulting in massive network congestions and delay for everyone else. We've since updated https://contribute.status.im to clarify for everyone why their transactions may have been thrown. + +The good news is that the network congestion is finally clearing up now, and you can see that we're now at over 4,400+ token holders: + +https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e + +Our teamā€™s goal from the start was always to achieve widespread distribution via dynamic ceilings. Has this worked? Iā€™d like to think so, and you can see a working example of this here: + +https://etherscan.io/tx/0x0ac6a4598ca7884713198173aae8ba4d8f2447ac243d96c310c82c650edebefc + +This transaction was originally for 348 Ether. However, the Dynamic Ceiling capped it to 22 Ether, which was exchanged for SNT at the expected rate, following which both the 22,000 SNT and the remaining 326 Ether were returned to the sender. As a result, we have successfully achieved our goal of widespread distribution and we hope that this example has helped clarify how we did so. + +Our mission here at Status has always been to put our community first. Despite the hiccups, we couldn't be more excited about building Status together with you. Together with your help and support, we can minimize the spread of misinformation. Please share this with anyone who you think may find it useful. + +Thank you all again for your continued support. We deeply appreciate it. +I don't have anyone to be excited for me, but you folks can appreciate the struggle. + +It only took 10 years! šŸ˜‚ + +Edit: Thanks for all the upvotes! You guys are awesome! + +A little more background information! + +I tried the best I could to not incur school debt, but I was a first generation high school graduate and definitely had no idea what I was doing. In the end, I borrowed ~$30,000 for school loans, which in the grand scheme of things wasn't much, but I'm glad to be out from under it. + +I took the semester off between high school and starting at community college. I worked 84 hours a week and saved up a tidy sum to help me through the first semester. I had a pretty decent scholarship/grant package that paid my tuition for my first 2 years of community college. I worked part-time in my field to gain experience. I transferred to a Big 10 School, and received a similar financial aid deal for tuition, working full time in the summer. + +I used student loans to buffer my paltry paychecks, allowing me to live in an off-campus apartment, by myself, and save my sanity. I also used some money to travel, and to attend lots of work shops related to my field. I worked an AmeriCorps stint after graduation that paid a lump sum toward my loans, but the rest has been diligently plugging away at them. +If EPF is a part of 80C and EPF alone is being deducted by company and fulfilling 1,50,000. Then there would be no need to do PPF or other options from 80C to save tax, because EPF has exhausted total 1.50L, correct? +I recently got offered a position for a legal tech company for $X salary plus commissions, since I'm in a dire need for a job I accepted the offer. Fortunately another company in a different field offered me 15K more. How do I negotiate with the first company the difference in salary?? +My lease is about to expire and I was going to sign a new one. My rent increased a bit this year but not enough to be a huge deal. + +However on my buildingā€™s website there is an almost identical apartment for 600 dollars cheaper than what I am currently paying. Can I do anything about this? I didnā€™t sign my new lease yet but I donā€™t want to if thereā€™s a chance I could be paying significantly less per month. + +Edit: damn this blew up I wish I had a mixtape + +Edit 2: according to the building managers, the price was a mistake. Oh well +Itā€™s been a pleasure knowing every single one of you. Thatā€™s it. No wager, no up-the-bum dare, just to thank you all for the journey. + +Some day soon weā€™ll look back on the halcyon days of 2021/22 and wonder how we ever had it so good. Recalling the days that we thought we were struggling, but realising that we were actually growing and thriving as a community. + +Of course, nothing will happen Tuesday, the stock will tank 15%, and we will just start getting hyped for the next date, but the sentiment still stands. + +I wonā€™t be going to any post-MOASS parties and will probably burn this account, so farewell and good luck to all you lovely apes x +Good morning everyone, itā€™s Monday and time to start the trading week! + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: GME, KOSS, PENN, YALA, NGA, NNOX, EBON, BA, RIDE, GRWG, SPCE, MVIS, AMC +* Gapping DOWN: MARA, RIOT, DKNG, EYES, VUZI, CLSK + +**Stocks Under $10** + +1. CHEK: Gapping up on news of FDA IDE approval. Seeing good volume and price action in the premarket. Premarket high of 3.76 at the moment. +2. NTEC: Gapping up after announcing merger agreement. Seeing good volume and price action in premarket trading, I'll be watching to see if the momentum continues. +3. FAMI: Gapping up on news of multi-product US export order. Seeing good volume and price action at the moment, but I'll want to see if the momentum can pick back up. +4. ACER: Gapping up but couldn't find a catalyst. Seeing some weakness in price action at the moment, so I'll want to see a revival before market open. +5. AZRX: Gapping up but couldn't find a catalyst. Also seeing some weakness in price action right now, so I'll want to see the momentum pick up again, and get back up over 1.71. +6. SLGG: Gapping up on news of partnership extension. Seeing decent volume and price action at the moment, I'll be watching to see if momentum continues. + +Stocks were up in premarket trading, but now we are looking at a bit of a mixed open. SPY is currently trading at just under 394, and given that we are still hovering near ATH levels, there could be some choppiness this morning. I'll be keeping an eye on UVXY to play any volatility we may see. Hopefully that won't be needed and we see another strong day in the market. Bitcoin is pulling back a bit this morning, after pushing to new ATH this weekend, and currently is trading around 56,000. Government officials in India appear to be working on a law to ban cryptocurrencies, so this will be important to follow. Bitcoin-related stocks are trending down in premarket trading, but I'll still be keeping a close eye on these today. Gold and silver are both up at the moment, and oil is slightly in the red. GME is currently up in premarket, and I'll be watching it throughout the week as there should be more volatility. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +So there's the real reason Ken is suddenly fleeing Chicago: he knew his guy was going to lose (before it happened) and he's losing his corrupt puppets there. He's afraid of a crackdown in Chicago so he found some corrupt Miami politicians and a "clean slate" there instead. + +Miami, the state with the city that was entirely built on Colombian cocaine money in the 80's. What a sophisticated choice! + +[https://www.chicagobusiness.com/greg-hinz-politics/billionaire-ken-griffins-illinois-candidates-lose-2022-primary-election](https://www.chicagobusiness.com/greg-hinz-politics/billionaire-ken-griffins-illinois-candidates-lose-2022-primary-election) + +&#x200B; + +PS: the US is a fkcing joke. +Welcome to the first user hosted **/r/EthTrader** Daily Discussion thread. Clearly someone is on vacation enjoying their lambo so we must take action upon ourself. + +The thread guidelines are as follows: +*** + +* Follow the golden rule. + +* General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. + +* Breaking news or other important content should be submitted as a separate post. + +* In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. + +* Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link] (https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.` + +*** +Thank you in advance for your participation. Enjoy! +Welcome to the first user hosted **/r/EthTrader** Daily Discussion thread. Clearly someone is on vacation enjoying their lambo so we must take action upon ourself. + +The thread guidelines are as follows: +*** + +* Follow the golden rule. + +* General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. + +* Breaking news or other important content should be submitted as a separate post. + +* In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. + +* Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link] (https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.` + +*** +Thank you in advance for your participation. Enjoy! +A very [thought-provoking piece by Jeremy Grantham](https://www.gmo.com/americas/research-library/waiting-for-the-last-dance/) that I thought was worth of discussion on this subreddit: + +> The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000. + +Grantham still finds it very difficult to time a bubble, even when he feels certain he's looking at one right now, because it's so tough to call the top. But he sees some interesting characteristics: + +> Either way, the market is now checking off all the touchy-feely characteristics of a major bubble. The most impressive features are the intensity and enthusiasm of bulls, the breadth of coverage of stocks and the market, and, above all, the rising hostility toward bears. In 1929, to be a bear was to risk physical attack and guarantee character assassination. For us, 1999 was the only experience we have had of clients reacting as if we were deliberately and maliciously depriving them of gains. In comparison, 2008 was nothing. But in the last few months the hostile tone has been rapidly ratcheting up. The irony for bears though is that itā€™s exactly what we want to hear. Itā€™s a classic precursor of the ultimate break; together with stocks rising, not for their fundamentals, but simply because they are rising. + +> Another more measurable feature of a late-stage bull, from the South Sea bubble to the Tech bubble of 1999, has been an acceleration3 of the final leg, which in recent cases has been over 60% in the last 21 months to the peak, a rate well over twice the normal rate of bull market ascents. This time, the U.S. indices have advanced from +69% for the S&P 500 to +100% for the Russell 2000 in just 9 months. Not bad! And there may still be more climbing to come. But it has already met this necessary test of a late-stage bubble. + +And then his recommendation at the end: + +> Not surprisingly, we believe it is in the overlap of these two ideas, Value and Emerging, that your relative bets should go, along with the greatest avoidance of U.S. Growth stocks that your career and business risk will allow. + +I don't understand everything that goes into Grantham's piece, but he takes such a historical and experienced approach to giving context to the current stock market that I think this is worth a read for anyone who's relatively new to investing and wants to experience some battle-hardened weariness when looking at Dow 30k. +**Edit:** + +In the 12 hours since I made this thread, yields have tanked an ungodly amount. We have now (11am EST) an almost 100% chance for a 75 point cut this month. + +If there's more flight to bonds, we could very easily have another emergency cut. That is unless the Fed decides to not do what the market wants this time. But the chances of that happening is extremely low. + +- + +- + +- + +Two weeks ago, we were talking about modest chances for *one* rate cut of 25 points. There's a very realistic chance we drop a total of 125 points in 3 weeks flat. Someone hold me. +Article: https://www.washingtonpost.com/opinions/we-need-a-major-redesign-of-life/2019/11/29/a63daab2-1086-11ea-9cd7-a1becbc82f5e_story.html + +Short and interesting read on a Stanford psychologist's opinion on how work culture needs to change. She suggests that our extant life patterns -- go to school until 22, work and retire at 65 -- don't fit elongating life-spans. It's a short piece and just a jumping-off point. But the gist is that the following need to become more common, lest we save our best non-working years for when we're too old to take advantage: mini-retirements, working earlier and getting advanced degrees later, and sharing generational wealth long before death. + +Interested in thoughts of others on r/financialindependence because the article's suggestion of earlier mini-retirements runs counter (_I believe_) to the sub's over-arching objective of retiring early and entirely. Any thoughts on whether a higher chance at a 100-year life span affects retirement planning (sooner, repeated, etc)? + +_Consequences of life extension_ + +> ... most people are anxious about the prospect of living for a century. Asked about aspirations for living to 100, typical responses are ā€œI hope I donā€™t outlive my moneyā€ or ā€œI hope I donā€™t get dementia.ā€ If we do not begin to envision what satisfying, engaged and meaningful century-long lives can look like, we will certainly fail to build worlds that can take us there. + +_Earlier and more varied work experience_ + +>To thrive in an age of rapid knowledge transfer, children not only need reading, math and computer literacy, but they also need to learn to think creatively and not hold on to ā€œfactsā€ too tightly. Theyā€™ll need to find joy in unlearning and relearning. Teens could take breaks from high school and take internships in workplaces that intrigue them. Education wouldnā€™t end in youth but rather be ever-present and take many forms outside of classrooms, from micro-degrees to traveling the world. + +_Earlier sharing of generational wealth_ + +> Financing longevity requires major rethinking. Rather than saving ever-larger pots of money for the end of life, we could pool risks in new ways. Generations may share wealth earlier than traditional bequests; we can start savings accounts at birth and allow young adults to work earlier so that compound interest can work in their favor. + +The article again: https://www.washingtonpost.com/opinions/we-need-a-major-redesign-of-life/2019/11/29/a63daab2-1086-11ea-9cd7-a1becbc82f5e_story.html + +*Edit 1: for grammar + +*Edit 2: lots of interesting data/trivia on [Stanford's Center on Longevity site](http://longevity.stanford.edu/#financially-secure). For example, [trendlines in the age retirees and length of retirement](http://longevity.stanford.edu/wp-content/uploads/2012/09/Screen-shot-2012-09-26-at-3.19.17-PM.png) given increasing life expectancies. + +*Edit 3: This post is now marked as a spoiler, idk what I did. Spoiler might be: you're probably gonna live a _couple_ years longer in retirement and then die. + +*Edit 4: Removed the quote below from top, because multiple users pointed out that the author is conflating improvements in life expectancy for _average_ human versus those approaching retirement. Life expectancy for men at 65 (Edit 2) increased by at least 7 years but probably not 30: + +> Thirty years were added to average life expectancy in the 20th century, and rather than imagine the scores of ways we could use these years to improve quality of life, we tacked them all on at the end. Only old age got longer. +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) +I keep seeing concerned apes throwing that as a valid argument not to transfer, some even going around dropping tons of comments discussing mailing their fucking orders via USPS to get above the limit. Yā€™all are a bunch of retard smooth brains, and I love you, but you forget to ask the simple questionsā€¦ + +Why would they cap it at 1 mil? + +Cuz no fucking stock, in the history of the fucking stock market has EVER, traded at more than one Million fucking USDā€¦ EVER!!! + +We got Berkshire at 400k+ and thatā€™s as high as we got. And thatā€™s still a long ass fucking way to a million. +There is no fucking law, rule, ToS that prohibits the broker/CS/whoever the fuck to make adjustments LIVE to the max amount you can sell for. + +So why the fuck do you have a problem with max sell limit now? Hell a few months ago Fidelity wouldnā€™t allow you to place an order higher than 50% current price, or was it 25% I forgot. How is 1 million worse than that? You had no problem transferring to Fidelity back thenā€¦WTF changed? + +Computershare is the designated transfer agent for Gamestop. Gamestop picked them so they obviously trusted them enough, why the fuck do you not? Do you not trust Gamestop? Or Ryan Cohen? The fuck is wrong with you all of a sudden? + +We get posts daily about this guy wanting RC to fuck his wife or that guy wanting to have his babies, but God forbid you trust the transfer agent they selected. + + +These fucking limits will be updated as time goes and the stock goes high enough. What are you so fucking afraid of? Donā€™t transfer 100% cuz having synthetics in your broker be it Fidelity/Depravity/DeGiro/Webull(pokemon much?)/TDA/Terrence&Phillip what have you is gonna give you that golden opportunity to sell without adding shares back to Cede&Co for them to satisfy FTDs/Options/Swaps/BJs Behind Wendyā€™s. + +After 9 months of fuckery, forum sliding and shilling, youā€™re all so distrustful that when the opportunity the wombo combo, the win scenario finally presents itself you are willing to just discount it? Well come the fuck on!!! Weā€™re better than this! + +TA;DR:DRS now Ask Questions later, trust the ape next to you to do the same!!! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm literally out of options at this point so I figured maybe someone has been in my shoes or knows where I should go from here. + +I'm 18 and I graduate high school in May. I'm already accepted and admitted (not enrolled) into a pretty good college. It's in-state, has a great reputation, and is really good for the field I'm going into (public health). Going to college is extremely important to my family and me. My dad passed pretty recently and he left me a modest amount of money (around $10,000) but I have to use it towards getting a degree. + +Here's where the issue comes in. I recently went to an event for admitted students and after going to some panels about financial aid my mom and I realized that...I have no idea how I'm going to afford this. My GPA is average at best (3.6) and I have a really good ACT score (32) but that hasn't helped me at all because I've only received about $4k in scholarships from this college and my yearly cost is $21k. I qualify for a federal unsub loan for $5.5k and I'm getting literally nothing in financial aid because my family is upper middle class (there is absolutely no way they're going to be able to pay for my college though, both financially and because that's just not how they are). + +I've applied for over 100 scholarships since August but I'm pretty average as a student apparently so no dice there (I have decent community service hours, AP classes, ETC). I'm also a minority but that hasn't helped me at all. I really don't know what to do at this point- how is everyone else managing to pay for this? Going to this college has been my dream since middle school. I have been collecting apartment supplies and already have a roommate lined up. I'm just kind of at a loss here and would appreciate any advice or even just some words of encouragement. Thank you in advance. +Hey guys, + +I'm a 16 year old and over the past few years I've become increasingly more involved with my finances and financial planning for my future. + +I am currently stuck between two very different paths and was hoping someone could explain to me what my options are here. + +My main goal is to retire early, and I want to do this via real estate, specifically renting out for a profit. This obviously requires a decent amount of upfront capital, even at a low percent down payment, and I was wondering if a Roth IRA should even be a consideration. + +I know that if I start investing $6k/year now that by the time that I am 65 I will have more than enough to retire on, but I'd like to be retired a lot sooner than 65. So should I ditch the IRA entirely and put my money somewhere more accessible for when I am able to buy my first property? My plan is to dedicate most of my income into buying property. + +What do you all think? +I'll keep this nice and short because the message is very simple. This Pulte guy came out of nowhere. He's done nothing to show us anything bad, but also hasn't done anything to show us anything good other than an interest in the community. This is great, and I definitely can't wait to see what comes of this, but I think it is always good to approach with a little bit of caution. + +Apes have been known to hype up anyone or anything that seems to be working in our favour. Anyone who is aware of that can easily use it to their advantage. Charles Payne is a good example of this. + +Let actions speak louder than words. Let celebrities/public figures prove themselves before jumping on the bandwagon and worshipping them. That is all. +Sorry, Iā€™m newb to finance. I just recently started maxing out my 401k since my new employer matches it up to the IRS limit and I know a lot of employers donā€™t do that so I want to take advantage of it. But with the stock market tanking, my 401k total amount is lower than what I started with this year. I feel like Iā€™m just going to lose the money I put in and wonder if itā€™s safer to hold onto it in a savings account. But I guess my 401k will decrease whether I put in money or not. + +Any advice for a newb is greatly appreciated! + +Edit: wowwww I wasnā€™t ready for this to explode! Thank you guys for all the advice! Also, SORRY but I miswrote! My employer matches HALF UP TO to the IRS limit so if I contribute 20,500 for the year (which I think is the irs limit), theyā€™ll contribute half of that. Sorry for misleading! Still is pretty good I think though! I work in tech as a content strategist if anyone is curious! + +You guys are seriously amazing! Thank you!!! +Here's a paper with actual data behind it + +&#x200B; + +[https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=1364721](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1364721) + + +### Abstract + +We find that option returns are significantly lower over nontrading periods, the vast majority of which are weekends. Our evidence suggests that nontrading returns cannot be explained by risk, but are rather the result of widespread and highly persistent option mispricing driven by the incorrect treatment of non-smoothness in stock return variance. The size of the effect implies that the broad spectrum of finance research involving option prices should account for nontrading effects and non-smoothness in variance more generally. Our study further suggests how alternative industry practices could improve the efficiency of option markets in a meaningful way. +The past few weeks we averaged green, but a small correction now and then is inevitable. The red days is macro-driven and just systematic risk. European stocks dropped with U.S. equity futures today as the jump in bond yields and commodity prices continued to hammer technology shares. + +The Stoxx 600 Index turned lower, with tech among the laggards for a second straight day while energy shares did outperform. In the U.S., Nasdaq futures led declines after the tech-heavy gauge posted its longest losing streak in four months. + +Budding inflation bets spurred by the global economic recovery have added to scrutiny on stocks that have led the rally from the depths of the pandemic a year ago. + +One point of concern among investors is that broad benchmarks have already priced in (too) much of the prospective global recovery spurred by vaccines and U.S. stimulus. Another is that central banks may eventually start reconsidering their emergency purchase programs. + +Important to watch today are Jerome Powell when he testifies to the Senate Banking Committee and the House Financial Services panel tomorrow. Hopefully, Powell will play down inflation risk. + +These macro-event also affect penny stocks, probably to a larger degree since liquidity is lower here than for big caps. + +Main take-away: relax, do something else, go jogging, cooking, spend time with your loved ones or whatever else makes you happy. Staring to your screen will for sure not make you happy today. + +Edit: Powell did signal that the FED will remain buying bonds to aid the economy! Risk of inflation isn't that big of a deal right now. +I feel investing has become a popular topic on the internet from what Iā€™ve seen. A big example was the big ā€œGameStop warā€ or Iā€™ve seen an increase of real estate/stock market on social media (YouTube, tiktok, others). Maybe I have a skewed view as I am into investing and itā€™s the majority that shows on my recommended. + +Do you think it is just a trend or has the majority of young adults have found the real treasure of investing? +And specifically do you think real estate prices will be competitive in later years due to the increased knowledge? +I'm looking for ways you *added* to your spending that increased your happiness the most. Especially ways where you kicked yourself and thought "I wish I started doing this earlier." + +I'm hoping for general answers that ignore my specific circumstances, but mine are as follows: income has recently increased from ~$200k to ~$400k and rising, but my spending is still around $40k in a MCOL area for an unmarried person in their early 30s. I know I can increase my lifetime happiness by adding to my spending without dramatically changing my saving rate, and I want to do that in the best way possible. +**tl;dr** \- Checking accounts are over-used. You should keep most of your money in a high-yield savings account and use credit cards for all of your purchases. The credit cards should AutoPay from your savings account. Checking accounts should only store money you might need for immediate transfers, such as ATM withdraws or Paypal/Venmo. + +# A Guide to Efficient Banking + +**"Efficiency is intelligent laziness"** + +I'm a very lazy person. However - I've found a system for my finances that works well for me. It's easy to manage, and I believe it to be a significant improvement over "typical" banking. + +When I say **typical banking**, this is what I mean: + +* Checking Accounts: Used for money you plan on spending (bills, food, gas, etc.) +* Savings Account: Used for money you don't plan on spending anytime soon (emergencies, retirement) +* Credit Card Account: Used for purchases you can't afford but have to make - avoid if possible (hospital bills, car repairs) + +If you agree with ANY of those 3 statements, you may benefit from this post. If you'd like to skip the storytelling, scroll down to the "Efficient Setup" section. + +**"Are we doing this because it's right, or because it's the way it's always been done?"** + +This is one of my favorite questions to ask during meetings at work, and I recently found myself asking the same question about my bank accounts. In order to accurately answer this question, I decided to analyze the different types of accounts and track my thoughts. + +**Breakdown: Checking Account** + +There is no limit on monthly transactions. Money used in purchases immediately leaves your account. ATMs allow you to withdraw cash. Account balance typically accrues little to no interest. + +* A checking account is like a 'digital wallet'. It's almost identical to carrying around cash. I can't spend cash I don't have - cash leaves my wallet as soon as I spend it - I don't earn cash by leaving it in my wallet. + +**Breakdown: Savings Account** + +There is a limit of 6 monthly transactions. Money used in purchases immediately leaves your account. Account balance can accrue higher amounts of interest. + +* Woah - the interest rates on these accounts are nice. If I had a debit card for a savings account, and if it weren't for the monthly transaction limit, I wouldn't even need a checking account. + +**Breakdown: Credit Card Account** + +There is no limit on monthly transactions, but there is a limit on monthly spending. Money used in purchases stays in your account until the credit card payment is made. Rather than gaining interest, you risk being charged interest if you don't pay the full statement balance. If you can't make the minimum payment, there are other fees as well. To motivate usage, many credit cards have a "rewards" program for points or cash back. Some credit cards also have signing bonuses - such as a period of low interest or an 'initial spending' reward. Like most "bills", allows for Automatic Payments. Proper usage builds credit history, which may help in future financial situations. + +* Being charged fees for missed payments is scary, but if I set up automatic payments than I should be fine. I don't want to be charged interest either, so I definitely don't want to make any purchases I can't afford paying off immediately. The signing bonuses and rewards are enticing though, and I want to improve my credit score. + +**Breakdown: Conclusion** + +After breaking everything down - I started trying to piece it back together. The "typical banking" routine didn't hold up. Rather than only keeping a subset of funds in a savings account and avoiding credit cards, it would be much better to only keep a subset of funds in a checking account and utilize credit cards for all purchases. This would maximize cash back rewards and maximize interest earned on money. Not only that - since a credit card transaction doesn't immediately remove the money from your account, the money will accrue interest in the savings account for longer. + +# The "Efficient" Setup + +* Checking Account: Used for money you may need to use immediately. For example, ATM withdraws and Paypal/Venmo Transfers. I almost never have these types of transactions, so I keep about $150 in my checking account. +* Savings Account: Used for all money that isn't in the checking account. Use for Automatic Payments to your credit cards, adding more funds to your checking account, and transactions that can't go on the credit card (maybe rent, car payment, credit cards) + * You can open multiple Savings accounts if it helps you track specific savings goals, or if you need more than 6 monthly transactions you can't make on a credit card. + * If you aren't lazy, you might want to take a portion of this money and do other fancy finance things instead of letting it stay in a high-yield savings account +* Credit Card Accounts: Used for as many transactions as possible to maximize cash back/rewards. You only need 1 card for this setup to work, but you might benefit from having multiple cards. + +**Specific Setup** + +Checking Account: I use Charles Schwab for my checking account. It's an online bank with no monthly fees, unlimited ATM rebates, and 0.40% APY interest. I never really deal with cash, so I am fine with an online bank. This bank plays well into my expected usage of the account. + +* Read More: [https://www.schwab.com/public/schwab/banking\_lending/checking\_account](https://www.schwab.com/public/schwab/banking_lending/checking_account) +* Note: If you can get a referral code, Schwab will give you $100 after 1 month of having your account open. + +Savings Account: I use Ally for my savings account. It's also an online bank with no monthly fees. It currently offers 2.18% interest, compounded daily, which is estimated to be a 2.20% Annual Percentage Yield. + +* Link: [https://www.ally.com/bank/online-savings-account/](https://www.ally.com/bank/online-savings-account/) + +Credit Cards: I use 3 different credit cards. You should find the right credit card(s) for you, but here is what worked for me: + +* Citi Double Cash + * This card gets 2% cash back on all purchases. I use this card for monthly bills (power, internet, phone) and any purchase I don't use another card for. If you only wanted to use 1 credit card - this would be my recommendation. + * Read More: [https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card](https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card) +* Barclays Uber + * I use this for 4% on dining and 3% on hotels/airfare. It also has a signing bonus - spend $500 in the first 90 days for $100 cash back. If you're planning on applying for multiple cards - apply for this one first. Barclays is picky. I have a good credit score, but I was still denied. I called their reconsideration line and was approved after a 2 minute phone call. + * Read More: [https://cards.barclaycardus.com/banking/cards/uber-visa-card/](https://cards.barclaycardus.com/banking/cards/uber-visa-card/) +* CapitalOne SavorOne + * I use this for 3% on entertainment and 2% on grocery. It also has 2 signing bonuses. First, spend $500 in the first 90 days for $150 cash back. Second, 0% APY for the first 15 months. I'm "budgeting" the full statement balance on this card, but only making minimum payments during the 0% APY period. If I had outstanding credit debt, I would have done a balance transfer to this card (3% fee) and then paid off as much as possible when the 0% APY period ended. + * Link: [https://www.capitalone.com/credit-cards/savorone-dining-rewards/](https://www.capitalone.com/credit-cards/savorone-dining-rewards/) + +I've been operating like this for a couple of months now. I had to do some work up front, to open the accounts and change my direct deposit account info, but that wasn't too bad. I also had to change my payment info for my monthly bills. My rent charges a $25 fee if I use a credit card, so it pays straight from my savings account. After that, all I had to do is use the right card for the right purchase. The automatic payments take care of the rest. I'm only using 4 of my 6 monthly transactions for my savings account. + +**Results** + +This setup won't make you rich, but I guarantee it will be better than "typical" banking. It will save you 2% to 4% on almost all of your purchases and will earn you \~2.2% APY on more of your money. Since it's a percentage-based difference, the benefit is different for each person and is also different month-to-month. The best part is how simple it is. Once you get it set up, it's mostly automated. Just use the right card for the right purchase, and don't spend money you don't have. +He declined to receive compensation for his service as director. + +Cancel is 2020 performance-vested restricted stock award = 308,477 shares + +voluntarily agreed to eminate all other severance rights + +&#x200B; + +He will be entitiled to accelerate vesting of all his outstanding time-vested shares of restricted stock. Not sure what that means but my confirmation bias wants me to think the price is going up. + +&#x200B; + +&#x200B; + +Not financial advice. I'm the smoothest ape here +Just got off the phone with a seller that's asking $150K above what makes sense for their rent who wont budge because she has multiple other interested parties at the ask. + +HOW ON EARTH ARE PEOPLE BUYING AND MAKING MONEY RIGHT NOW?! + +Everything I have gone after has offers that are well above anything that makes smart business sense yet they keep getting bought up. Feels like everything is just straight speculation that the market will continue to rise to new astronomical levels. A crash has to be coming right? Right?! + +Can't even begin to express how frustrated I am but all I can do is keep looking. + +If curious, I am in west central Texas. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +As titled really, I'm in a really privileged position in terms of work, nothing insane but given the current climate I'm safe and secure at least. + +Despite this, I'm really struggling to motivate myself at work. I do not enjoy the job and will eventually leave for numerous reasons, but there's lessons for me to learn where I am right now. I should be able to be content, no matter what the situation, especially given my life circumstance. I'd love to improve my mindset to be more positive and continue getting my work done in a playful/curious headspace. I know this, yet I still procrastinate FAR too much and moreso than I used to. + +Years ago, I was plenty happy stacking shelves at a supermarket, right now I make a lot more, though there are more demands on my time at work and at home. + +TLDR - I've the potential to be content where I am and bring playfulness/curiosity to everything I do. I need to work several more years until FI. I'm aware of this, yet I'm not doing it. How do I change this? Has anyone achieved similar before? +Iā€™m sure this is a fairly common scenario in marriages: one partner takes a back seat to let the other shine in his/her career. Early in my marriage, I was the breadwinner. Then we had kids, and I sacrificed my career to be able to care for them (ie, switching to jobs with flexible hours and schedules, and at some points either going part time or even staying at home). My husband meanwhile advanced in his career and steadily became the breadwinner many times over. + +As heā€™s advanced, weā€™ve had to move several times throughout the years along with his promotions. This meant me dropping my job and having to get a new one wherever we ended up. This has gone very well for him but has played havoc with my retirement planning. Eventually, my kids got older and I started a new career that Iā€™m 9 years into. Needless to say, my 401k is pathetic compared to his. Even so, 9 years is a lot of time to invest in a job that Iā€™ll have to leave now that heā€™s due for another move, yet again. + +While he does very, very well Iā€™ve had to stop and think on this one. Iā€™ll be at 11 years at my job in which I have a 401k and pension Iā€™m working towards. That will all come to an end with this move. Thatā€™s issue number one. Issue number two is we are moving to Paris, Franceā€”a foreign country for us. So while his retirement is safe with the same company Iā€™ll have to figure out a new job for myself. Iā€™m a teacher so that may be an option. Iā€™m also ex military so maybe looking into DoD schools or an embassy job might work, or my last choice is applying for a corporate job. +Been there, done that, not my passion. + +So, I have a lot of questions. First, what is the best strategy or what options are out there for someone in my position of changing jobs constantly? I looked into an IRA but I know there are contribution limitations. Is there anyway I can roll over my govt service years (since I teach) if I get another govt job? For example, I was able to roll over my military time in service when I got my teaching job. Also, there is the fact that we will be residing in a foreign country. That also puts a new spin on things. + +Finally, if not here, Iā€™d like to know who or what type of service can I seek to help me make some sound decisions about this or at least get a solid starting point? Iā€™m clueless! Help! + +Edit: Just for the record, Iā€™m a good 27 years from retirement age, Iā€™m a college graduate, I have a respectable job which I excel at, am respected for, and have leadership roles in. I donā€™t see why asking whatā€™s a wise way to invest my money for later in life should be dismissed just because my husband does well. Itā€™s a whole lotta sexist in my opinion. + +Edit 2: Good people. Do not fret. I will not be kicked out in the cold and homeless if my husband decides to leave me someday. I am a qualified, experienced, and educated professional. Even if I wonā€™t be rich, I am more than capable of making enough to live comfortably. Thanks for your concern and your fascinating perspective. And thanks to the especially good people who have addressed my questions in an honest and well intended manner. Time to get back to my charmed life. + +Edit 3-final: My questions have been answered and concerns quelled. I appreciate you financially savvy commentators for your awesome advice! I am clear on what our next move should be and Iā€™m happy to confirm Iā€™m not off base and we have some more saving we could be taken advantage of. Now I have a solid starting point for a conversation with my hubby. Iā€™m looking forward to us working together on bettering an already good situation. Thanks again! +...but tomorrow I will receive my first paycheck after getting a promotion that almost doubled my pay. For the first time in a long time I'll be able to afford something other than just formula for my newborn daughter and ramen noodles for the wife and I. I'll also be able to start a savings account. It's a great feeling. + +Keep working at it, and you can get through the tough times. + +Thanks, /r/povertyfinance, for the help. + +Edit: Thank you all for the words of encouragement. Thanks also to all those that recommended beans, potatoes, etc. I was only using "Ramen noodles" as a placeholder. My wife doesn't really like potatoes and the like, so she eats mostly pasta. + +Edit 2: Holy shit, thank you for the gold. You guys are the greatest. +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! +I'm in my late 20s, just starting with my career, and expect to keep working for at least 20 years so cashflow is not my major goal right now. I'm looking to get into student rentals just because I've spent so much of my life in higher education and so I actually really get this niche. + +Basically, the "A" property class would be one or two bedroom condos close to campus in a major city. I would be losing maybe $200-$500 a month depending on what happens with interest rates and other factors as well. I wouldn't mind subsidizing such a property because I can afford to take the haircut right now and eventually the mortgage would be paid off. I'm confident I would be able to rent these condos to professional students such as med students, law students etc. + +The "B" property class that would cashflow would be a single family homes with 3-5 bedrooms in a college town of a 100K people. The homes themselves are nice enough in good neighborhood as they're close the campus but just dated. The tenant profile for this type of property would most likely be undergrads. + +If my goal is long term wealth creation through appreciation rather than cashflow right now, does it make sense to buy temporarily loss-making "A" properties over "B" properties that cashflow now? +I have a SFH in Cleveland. I just got message from my tenant that the doctor has found some lead in her child's blood. What's a good strategy to be followed here? Of course the child could have got lead from anywhere and the tenant signed the lead paint disclosure but don't also want anything to happen to the child either. Cuyohoga country provides some assistance ([https://www.geshercleveland.com/benefits.../housing/763-2/](https://www.geshercleveland.com/benefits-assistances/housing/763-2/?fbclid=IwAR0e8kPwQujyFiq-Hm5MC7k8bO3J9guJwM5AKPoU8hNR2lYO2nUmwrUt5MM)) but it means I have to disclose it when selling the house. Any suggestions on handling this situation? Thank you. + +Update: + +An update and also adding some more context. I did not want to take risk here and I did reach out to a lawyer and asked him to speak with the tenant. And as one of the comment below said, it does look like she is freaking out and the lead in the child's body is within the limits. The lawyer expense was an added expense but this is an issue that I didn't want to take risk on. As the next steps, because of the tenant's low income AND also a child less than 5 living in the house, the house qualifies for an inspection and costs that come out of the inspection. The tenant has calmed down since then after being explained by the lawyer and me and agreed that inspection and fixes of what the city can offer is good enough for her. Thank you all. +LitteAxs is a RewardToken with which you can earn AXIE INFINITY by just holding. LittleAxs is completely community driven and has great potential to be the next moonshot. Based Dev and great marketing plans in the pipeline! We have an amazing community of diamondhands that is supporting this project! We welcome everyone to join and earn AXIE INFINITY. + +I think this is going to be huge and I'd feel bad if I didn't try to let as many people as I can know about it. Join our telegram group and be part of a real HODLER army! + +Dev is from Switzerland, is super active and joins the voice chat as often as he can. He is constantly using the marketing money to get some of the most famous influencers get the word out about our project. + +The Contract is Verified Liquidity is locked for 1 year! + +WE CAN BECOME SUPER RICH IF WE HODL THE LINE! + +You can see our chart! It is constantly going upwards and doesn't seem to stop anytime soon. As always, this is not financial advice, DYOR and don't invest money you need for food or rent. + +There is a tax on every transaction, it consists of 3 components: + +\- 7% Rewards as $AXS to the holders + +\- 5% Marketing as $AXS + +\- 3% Liquidity + +Our Socials: + +Telegram: [https://t.me/littleaxs](https://t.me/littleaxs) + +Website: [www.LittleAxs.com](https://www.littleaxs.com/) + +Contract: 0xa8495e49858249363bb23d797c9895adc2c0c18e + +Thanks for reading! And we hope to see you on board soon! LITTLEAXS team! +I am below poverty level. I live with two other people. One of these people has two jobs and makes good money. I got denied because putting that income under that person name on my application makes me look like Iā€™m well off. Thatā€™s so bs because that person isnā€™t buying me groceries. Life sucks +All of this is bananas. This FTX scandal roof blowing off has so much to it. This post is about the token, and how it is counterfeiting and clearly criminal. + +WE HAVE BEEN ROBBED. Also, itā€™s ANOTHER inside job. Iā€™ve enjoyed the ride, and all of you apes, but Iā€™m fucking angry. There is more proof of The Wall Street Mob Organized Crime Ring collected here, and predicted here, than ever assembled on any scandal in real time. All that DD. They are pieces of the puzzle. A picture is emerging. Time to connect the pieces if we can. + +If this gets swept under the rug, maybe itā€™s time to question whether RC needs retail investors to get loud so he can get active. I donā€™t know. All I know is if Iā€™m Chairman and someone is counterfeiting my stock, Iā€™m going apeshit, screaming fraud. Maybe something we donā€™t know about is holding him back. The level of criminality is astounding. A devoted community of smart morons might need to rise up. A community beyond any oneā€™s control. +The difference between this play and other plays Iā€™ve been in is that thereā€™s so much going on and being uncovered here that it seems like more time has passed than just a year since the events of last winter. + +I think this has to do with synapses flashing differently when a ton of new information is entering the psyche. Iā€™ve traveled a lot in my life and noticed the same phenomenon where a couple months on the road in a foreign country feels like a year because of all the stimulation. + +As it relates to GME it feels like a ton of time has passed but the truth is most holders havenā€™t even reached long-term capital gains tax status yet. The play is that fresh. + +Great plays take time to develop, even when theyā€™re not exposed to the fierce short resistance weā€™ve seen here. They take time because the company needs time to do its thing to the point where the various counter-narratives become so obviously wrong in the face of the bull case that even the average investor can see the truth. + +Not all bear cases are nefarious lies created by a cabal of bad actors trying to short a company out of existence. GMEā€™s is but not all are. Different people with different psychologies see the world differently and thereā€™s room for many narratives based on the same set of objective data points. + +The GME bull case will prove out. It will become undeniable even to the average investor. The turnaround is moving at warp speed right now. I know all I need to do is be patient while continuing to buy book shares in CS. Itā€™s frustrating to watch the opposition use every manipulative and illegal tactic in the book to stay alive but theyā€™ll never survive the real transformation thatā€™s well underway. Hope everyone has a wonderful, peaceful holiday and recharges those batteries. +Why do people install cooking surfaces with no ventilation? I thought it was a requirement to have ventilation over cooking surfaces, but I keep seeing places with either no ventilation, or ventilation that blows right back into the kitchen - what's the point of that? I wonder why someone would not just put a vent hood and vent it outside? See example. Do these people not cook? Do they not realize it smokes up the living area when you cook and don't have ventilation? + +I see a lot of these flat stove surfaces on cabinet tops with no range exhaust hood. Or a stove with a built in microwave with exhaust hood mounted over the stove, but the the exhaust doesn't go anywhere, just back into the room lol. + +Since I can't post a picture, here's an example , [https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169](https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169) +I was informed today by mail that Ally shared information mistakenly about one of my accounts by mailing the information to the wrong recipient. Ally claims the individual called Ally and returned the information which contained PII such as name, address, account number and SSN. + +While Ally does not believe my information was compromised, they did offer to pay for a credit watch service for two years. Here's where I am concerned now, Ally is offering me Credit Watch Gold 3-in-1 monitoring provided by.... Equifax, a recently and wildly untrusted monitoring agency. + +I just checked my credit using CreditKarma, and did not find any red flags on there. + +Has this happened to anyone here regarding their Ally accounts? Can I trust the Equifax Credit Watch Gold service, or should I expend my own resources on a different service? + +Thanks for any insight! + +Edit: +So after 45 min on the phone with Ally (mostly on hold), I was told that the letter correspondence was indeed from Ally, and that my personal data being mailed to the wrong recipient was an isolated incident. I was told that the Equifax monitoring service was the best they could offer me. + +I was told that the document was mailed back to Ally unopened, and that they feel my data was not compromised. + +When I asked what information was mistakenly shared, the representative I spoke with could not obtain that information, but made sure that someone is working on it, and will email me copies of the documents in question. + +Mistakes happen. It's an organization ran by humans, and humans make mistakes. +A lot of you made good suggestions on what my next move should be, your opinions and thoughts are appreciated. I'm glad I inquired with this community about my dilemma, thank you all. +Hi everyone! + +This is probably going to be a long post but bear with meā€¦ + +Ever since I (M30) can remember, Iā€™ve been a very impulsive spender and I just canā€™t help myself. My wife (30) is much more reasonable than me and a lot more stingy but somehow I always manage to convince her (and myself for that matter) that spending whatever money Iā€™m about to spend, is OK. Despite all the very detailed and elaborate Excel sheets and budgets I prepare for every month, we still somehow manage to spend it all. We are both 30 years old and still living paycheck to paycheck. We both have solid and stable 9-5 (more like 9-9 really) jobs and have a combined monthly income of $11.5K after tax. After our monthly fixed costs of about $5K (apartment, utilities, cars, motorcycle, insurance, phones, gym, groceries, haircuts and whatnot) we still manage to somehow blow through about $6.5K a month (I honestly donā€™t even know where it all goes). Weā€™ve been living like this for at least 4-5 years now (making a little less at first and slowly increasing). Weā€™re still paying off about $10K in credit card debt which doesnā€™t seem to move and we only have about $8K in savings and roughly the same invested in liquid assets. We donā€™t have kids btw and donā€™t plan on having any for at least another 2-3 years. + +I really want to get a grip on our financials and start paying off our debt quicker (this really shouldn't be so hard with all the "extra" money we have every month) and putting more away into savings or investments but I just canā€™t seem to stop my impulsive spending, mostly on trips, eating out, parties, clothes, motorcycle parts etc. Iā€™m even considering buying a new car or a 2nd motorcycle which I realize is crazy even if I can afford it. I guess Iā€™m just torn between enjoying the next couple of years before the kids come along or slowing down a little and start building a more solid ā€œfoundationā€ for our family. I do want to stress the fact that I am mostly at fault here. My wife sort of goes along with my spending but, for the most part, she does make a much bigger effort to spend less money than I do (she grew up sort of poor whereas I was pretty spoiled). Anyway, I just canā€™t seem to figure out whatā€™s wrong with me. I am completely 100% aware of my recurring mistakes of overspending and I do make concrete budgets and plans to spend less money and I have every intention of doing so but in the heat of the moment, Iā€™ll always be like ā€œf\*ck it, YOLOā€ and out goes another $1K just like that... + +Do I need professional help? Is seeing a shrink my only option? I'm seriously considering this! + +Edit: Wow, I didn't expect to receive this many responses! Some are much more comprehensive than others but they are all still valid and helpful. I just want to say THANK YOU to everyone for taking the time to give me your extensive advice and sharing some of your wisdom and stories, some of which are quite similar to mine. I have read most of your comments and still have some to read but this has already given me very valuable guidance and, more importantly, the motivation to change my ways! I just had a chat with my wife and told her that I want to get VERY serious about getting our finances under control and I did mention some of the things I read in your comments. She seemed very excited and is 100% supportive. She has my permission to yell at me, slap me and even kick me in the balls if I'm ever about to go on another random f\*ck it YOLO spending sprees! +Whoever you are, wherever you come from, whatever you held, you refused to sell and stood your ground. You believed in the tech and not the words of those who doubted it. + +You deserve these gains because of that, and I for one thank you for holding the ground, I can hardly imagine what would've happened if we went to 20K or below. + +People say they're not in it for the tech but they don't realize it until they spent a few months in the dip, they probably didn't invest for the tech but they held it for the tech. + +I for one believe in it and imagine a decentralized human civilization within the next century, we are the pioneers of the next tech revolution and it wouldn't be possible without you. +**YouTube Premium Family (Ā£18/m): cancelled** \- too good of a time sink esp. without annoying ads. + +**Netflix (Ā£10/m): cancelled** \- too good of a time sink to keep around. Although many of the movies have amazing production values but still absolutely suck as movies. Zero reason to keep this around. + +**Amazon Prime (Ā£7/m): cancelled** \- I stopped watching Prime a while ago but with Netflix cancelled I would likely use this which would be another time sink. The free delivery is awesome but I canā€™t help but think it is causing both us to order more things than needed. So, an experiment- letā€™s see how much we spend on postage a year and of it changes our spending habits when delivery is not free. + +**Disney Plus (Ā£8/m): cancelled** \- this is amazing but Iā€™m mostly caught up with MCU and will do another binge catch up for a month a couple of times later on in the year perhaps. + +Mostly I simply cannot afford to spend so much time watching videos in 2022. + +Is anyone else cancelling any video services and why? + +Edit: Updated cost of YouTube Premium Family +(this is a second half of Pt 1 of the endgame series, find the first half of Pt 1 [here](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/)) + +**Dollar Hegemony** + +Ok, letā€™s go over this for a second. Let us say you are the President of a country like [**Liberia**](https://en.wikipedia.org/wiki/Liberia), a small West African nation, looking to enter global trade. You go talk to the International Monetary Fund, whose economists tell you in order to be a modern economy you need to have your own currency. Thus, you need a Central Bank to print your own currency (LD), which will be used as [legal tender](https://www.investopedia.com/terms/l/legal-tender.asp), enforced by your government. Your Central bank will act as a lender of last resort for all the commercial and investment banks in your country, and will be responsible for stabilizing monetary policy. + +But, thereā€™s an issue-the economists tell you that you CANNOT have your Central Bank store up your own currency as the majority of its [foreign exchange reserves](https://www.investopedia.com/terms/f/foreign-exchange-reserves.asp). Why? Well, if your currency comes under attack in the global [Forex](https://www.investopedia.com/terms/forex/f/forex-market.asp) markets, you will have to defend it. If your currency trade value is too high, itā€™s easy to fight- you just print your own currency and buy Euros (EU) or Dollars (USD), flooding the market with your currency and taking other currencies out of the market- ā€œ[devaluing your currency](https://www.investopedia.com/terms/d/devaluation.asp#:~:text=Devaluation%20is%20the%20deliberate%20downward%20adjustment%20of%20a%20country%27s%20currency,can%20help%20shrink%20trade%20deficits.)ā€ . + +However, if the inverse is true, and your currency is losing value in the market, printing more to flood the market will only make it worse. You need a stable currency, like bullets in the chamber, to utilize to buy your currency at the market rate, to support its value and drive it back up. This form of currency defense is called ā€œdefending the [peg](https://www.investopedia.com/terms/c/currency-peg.asp)ā€ (Post-1971, the peg is floating, so itā€™s more of a range, but it's still referred to loosely as a peg). + +This exact phenomenon played out during the[ Asian Financial Crisis](https://www.thebalance.com/what-was-the-asian-financial-crisis-1978997) of 1997, a classic case study in global monetary crises. Thailand had grown rapidly as world trade boomed in the 1980s and 90s, and its corporate and real estate sectors took on massive amounts of debt. A massive real estate and financial bubble formed (does this sound familiar)? Soon, the bubble started to pop: + +&#x200B; + +[Thai Financial Crisis](https://preview.redd.it/fbnpc1k7nm671.png?width=777&format=png&auto=webp&s=717ebf418b3ee627e15013c5a3dfab22f9fb8c0a) + +Thailandā€™s hand was forced, and the Thai Central Bank decided to devalue its currency relative to the US dollar. This development, which followed months of speculative downward pressures on their currency that had substantially depleted Thailandā€™s official foreign exchange reserves, marked the beginning of a deep financial crisis across much of East Asia. + +In subsequent months, Thailandā€™s currency, equity, and property markets weakened further as its difficulties evolved into a twin balance-of-payments and banking crisis. Malaysia, the Philippines, and Indonesia also allowed their currencies to weaken substantially in the face of market pressures, with Indonesia gradually falling into a multifaceted financial and political crisis. + +&#x200B; + +[Asian Financial Crisis](https://preview.redd.it/0gh1phi9nm671.png?width=779&format=png&auto=webp&s=454d0bab7fd2d0b8df84b5fc600cb53253319d05) + +As the president of Liberia, you see what can happen when a country, especially a small third-world country, doesn't have enough dollar reserves to defend its own currency. Rippling currency devaluations, inflation, social and political unrest, widening economic inequality- the beginning of a death spiral of a country if you arenā€™t careful. + +So, you tell the IMF that you agree to their terms. They impress upon you that you need to get your bank to buy up some other stable currency to hold as reserves, to defend against this very scenario. As the US dollar is the World Reserve Currency, youā€™re going to hold it as the majority of your reserve position. + +Weā€™ve established the need for a small country to hold another currency on their balance sheet. If ONE small country does this, there is little impact on the US Dollar. However, under the current system, virtually [EVERY](https://faisalkhan.com/central-banks/) country has a central bank, and they all use the Dollar as their main reserve currency. This creates MASSIVE buying pressure on Treasuries. Using Liberia as an example, the process works like this: + +&#x200B; + +[Dollar Recycling](https://preview.redd.it/ui054o3bnm671.png?width=806&format=png&auto=webp&s=53c4f55e236b5c840a59a67d974df35b085c294b) + +**THIS** is what French Finance Minister ValĆ©ry Giscard dā€™Estaing meant when during the 1960ā€™s he had contemptuously [called](https://www.brookings.edu/blog/ben-bernanke/2016/01/07/the-dollars-international-role-an-exorbitant-privilege-2/) this benefit the US enjoyed *le privilĆØge exorbitant*, or the ā€œ[Exorbitant privilege](https://en.wikipedia.org/wiki/Exorbitant_privilege)ā€. **He understood that the United States would never face a**[ **Balance of Payments**](https://en.wikipedia.org/wiki/Currency_crisis) **(currency) crisis (\*AS LONG AS THE USD IS THE WORLD RESERVE CURRENCY\*), nor a debt crisis, due to forced buying of Treasuries (from Central Banks) and Dollars (from Petrodollar systeem).** + +**The US could borrow cheaply, spend lavishly, and not pay for it immediately. Instead, the payment for this privilege would build up in the form of debt and dollars overseas, held by foreigners all around the world. One day, the Piper HAS to be paid- but as long as the music is playing, and the punchbowl is out, everyone gets to party, dance & drink to their heartsā€™ content, and the US can remain the**[ **belle of the ball**](https://www.merriam-webster.com/dictionary/the%20belle%20of%20the%20ball)**.** + +Effectively, the US can print money, and get real goods. This means we can import consumer products for cheap, and the inflation we create gets exported to other countries. (ONE of the reasons why developing countries tend to have higher inflation). [Another way to explain it:](https://whatismoney.info/exporting-inflation/) + +&#x200B; + +[Exporting Inflation, importing goods](https://preview.redd.it/cdv48oqcnm671.png?width=782&format=png&auto=webp&s=919ec0bf7363987a0a9b0454db0fd3e7df5bcf2c) + +As it is the WRC, other countries' Central Banks NEED to have US dollars on their balance sheet. Thus, the US has to run persistent [current account deficits](https://www.investopedia.com/ask/answers/010715/what-difference-between-current-account-deficit-and-trade-deficit.asp) in order to send out more dollars to the global system, on net, than it receives back. A major byproduct is [constant large and increasing trade deficits](https://www.stlouisfed.org/publications/regional-economist/third-quarter-2018/understanding-roots-trade-deficit) for the WRC holder (in a fiat money system). + +This is what is known as [Triffinā€™s dilemma](https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx): the WRC is HAS to run constant trade deficits. There are no immediate negative impacts, but in the long run this process is unsustainable, as the WRC country becomes unproductive (ever wonder why US manufacturing left) because the system forces the WRC holder to be a net importer. + +As world trade grows, the current account deficit/trade deficit grows, and the benefits (more goods to the US) and drawbacks (more dollars build up overseas) increase over time. Eventually the imbalance becomes so great that something snaps, just like it did for the [Pound post WWI](https://www.economicshelp.org/blog/5948/economics/uk-economy-in-the-1920s/), where policymakers chose the route of deflation in 1921, creating a Great depression for the UK long before the US ever experienced it. + +&#x200B; + +[US Trade Deficit broken down by Goods\/Services](https://preview.redd.it/pktv0cdfnm671.png?width=812&format=png&auto=webp&s=42ab9b7ea8502e518371bd8dcfc348d65344d040) + +This is why I laughed out loud when I heard Trump rail against our trade deficits in one of the 2016 presidential debates. He clearly did not understand how our system works, and that this issue was beneficial in the short term, but detrimental in the long term. Our trade deficits were symptoms of our system working exactly as intended. + +In fact, a large part of the reason why he was elected was the de-industrialization of the American heartland, where loss of economic vitality from manufacturing jobs was leading to rampant [drug abuse](https://blog.questdiagnostics.com/blog/2019/03/29/id-signs-of-drug-abuse-in-loved-one/), depression, and societal decay. I knew this process of deindustrialization [ would only get worse with time](https://www.politico.com/news/2020/10/06/trump-trade-deficit-426805), and nothing he did (short of taking us off the WRC status) would change that. (Not political, other politicians say the same shit. They just don't understand the very system in which we operate). + +Fast forward to today- After decades of this process playing out, Foreign Central Banks collectively hold huge amounts of Forex reserves, as you can see [below](https://www.visualcapitalist.com/countries-most-foreign-currency-reserves/) where countries are sized depending on their reserves of foreign currency exchange assets: + +&#x200B; + +[Central Banks FX Reserves](https://preview.redd.it/m7vql2rinm671.png?width=780&format=png&auto=webp&s=4adf109f9687378684818d67db55c8f74f9fd92d) + +&#x200B; + +The majority of these [reserves are held in dollars](https://www.cfr.org/backgrounder/dollar-worlds-currency), mainly in the form of [Treasuries, T-bills, and other US government debt](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q). Furthermore, the US Dollar continues to dominate global trade through the [SWIFT](https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp) network (Society for Worldwide Interbank Financial Telecommunication). SWIFT is a payments system used by multinational banks, institutions, and corporations to settle trade worldwide. + +USD is the preferred payment method within the system, thus forcing other countries to adopt the dollar in international trade. This is one of the results of the petrodollar system we described earlier. Petrodollars originally were exclusively used to refer to oil contracts priced in USD from Saudi Arabia, but over time the name grew to mean any oil contract, transacted by non-US countries, using the US Dollar as the denomination. + +&#x200B; + +[Most FX Reserves in Dollars](https://preview.redd.it/7tyu7klknm671.png?width=693&format=png&auto=webp&s=aefe74220376e881f9d9c0db859d0bca8247c85e) + +When Chile and South Africa trade copper, for example, they have to transact in dollars, because a SWIFT member bank in South Africa will not accept Chilean Pesos as payment, as there is a smaller, less liquid market for it and it doesn't want to take a trading loss when converting to a more usable currency. The contract itself is priced in USD, so if that merchant bank wants to sell it, they can quickly find a buyer. In fact, SWIFT itself published a [report](https://www.swift.com/node/19186#:~:text=The%20US%20dollar%20dominates%20as,regional%20currency%20usage%20in%20value.) in 2014, and found that the USD accounts for almost 80% of all world trade! (see top left) + +&#x200B; + +[Currencies as a &#37; of Trade](https://preview.redd.it/fspge6omnm671.png?width=752&format=png&auto=webp&s=272a005bae77aee91dc1a83b9febdafb20b2dd2c) + +This process is called dollarization, whereby the dollar is used as the medium of exchange for a contract, in place of some other currency, even between non-US trading partners (Iran and China for example). [Dollarization](https://www.investopedia.com/terms/d/dollarization.asp#:~:text=Dollarization%20is%20the%20term%20for,due%20to%20hyperinflation%20or%20instability.) (capital D) of a country occurs when a government switches from managing their own currency to just using the US dollar for trade settlement and tax revenue- like Ecuador, El Salvador, and Panama have [done](https://www.coha.org/examining-the-effects-of-dollarization-on-ecuador/). + + The US Dollar reserves from the petro-dollar system show up on the balance sheets of these overseas financial institutions; they are called [Euro-Dollars](https://www.investopedia.com/terms/e/eurodollar.asp), and these [USD denominated deposits](https://capitalistexploits.at/eurodollar-market-it-all-starts-here/) are not under the jurisdiction of the Treasury or Federal Reserve. If you want to read a brief history of the Euro-dollar market, check out this paper from the Federal Reserve bank of St. Louis [here](https://files.stlouisfed.org/files/htdocs/publications/review/80/06/Eurodollars_Jun_Jul1980.pdf). In 2016, the total value of the Eurodollar Market was estimated to be around [13.83 Trillion](https://www.nedbank.co.za/content/dam/nedbank-crp/reports/Strategy/NeelsAndMehul/2016/September/TheRiseAndFallOfTheEurodollarSystem_160907.pdf). + +Through this process, the United States was able to become the [largest and most dominant military force](https://www.nytimes.com/interactive/2017/03/22/us/is-americas-military-big-enough.html) in the history of man, able to fight simultaneous two-theater wars with overseas supply lines. The Treasury could borrow and spend, unimpeded by the normal constraints of market discipline that were hoisted on other countries. Despite not declaring war since 1941, the US has been in a state of [near-continuous warfare](https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States). + +&#x200B; + +[American Military Budget](https://preview.redd.it/smw5l4ugg1a71.png?width=822&format=png&auto=webp&s=b6d6d1b94957aa371040c66f188c456f20fa786d) + +At every turn, the US defended this system at all costs, even going so far as to directly invade and occupy the Middle East in the Gulf War in 1991 and the Iraq/Afghanistan War (2001-Present). As a result there are over [800](https://www.politico.com/magazine/story/2015/06/us-military-bases-around-the-world-119321#:~:text=Despite%20recently%20closing%20hundreds%20of,about%2030%20foreign%20bases%20combined.) US military [bases around the world](https://www.todaysmilitary.com/ways-to-serve/bases-around-world), in locales ranging from Turkey to Japan. American institutions like the Senate, Presidency, and Courts were modeled after their Roman antecedents, to the point that the American symbol, the Eagle, is the spitting image of the [Roman Aquila](https://en.wikipedia.org/wiki/Aquila_(Roman)) adorned on the [Standard](https://en.wikipedia.org/wiki/Roman_Empire_Standards) of the centurions. + +&#x200B; + +[Rome](https://preview.redd.it/ig1pp031g1a71.png?width=764&format=png&auto=webp&s=57ff0e910d0707cc6475c8e4c098eab0634b67fc) + +Most scholars tout the story of Rome as a tale of triumphalism; of valiant centurions battling in the steppes of Asia, of brilliant generals laying traps for enemy armies, of scheming senators fighting battles of political intrigue, and of a sophisticated and well-functioning empire that harnessed engineering to create marvels such as the Colosseum and the Roman Aqueducts. [**More sober historians**](https://www.goodreads.com/book/show/19400.The_Decline_and_Fall_of_the_Roman_Empire?from_search=true&from_srp=true&qid=oZSKjoDHpx&rank=1)**, however, point out that the story of Rome is one that also echoes a warning through the annals of history.** + + **A complex society, with mighty political, legal, and financial institutions, supported by a massive military, fell not to a crushing enemy invasion, but to collapse and decay from within. An elite ruling class, detached from the realities of daily life of the citizens, oversaw an empire with growing income inequality, environmental degradation, political corruption, social deterioration, and economic despair, and did nothing to stop it.** + +**The Roman Treasury, facing insurmountable debts from years of fruitless war, started ā€œclipping coinsā€ an early form of currency debasement that led to the Roman denarii losing 25% of itā€™s value every year. This eventually led to uprisings in Roman provinces and the** [**Sacking of Rome**](https://en.wikipedia.org/wiki/Sack_of_Rome_(410))**- the coup de grace, the final nail in the coffin for what had become the decadent** [**Western Roman empire**](https://en.wikipedia.org/wiki/Fall_of_the_Western_Roman_Empire)**.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Smooth Brain Overview: + +* Petrodollars: Oil contracts priced in dollars means foreign companies need to have dollars to buy oil. This creates artificial demand for dollars as companies sell their local currency to buy USD. +* Triffin Dillema: As the US is WRC, other countries' Central banks need USDs. US thus runs deficits to push more $ out to the world to satisfy demand. This means cheap goods in the short term, but debt/dollar buildup overseas long term. Because of this, no country can remain WRC holder forever. +* Eurodollars: Due to the petrodollar system, USDs build up in overseas bank accounts. These dollars are used by SWIFT for most international payments, and are called Eurodollars (due to the fact that most US dollars after WW2 ended up in Europe). The size of this market is roughly $14T. +* Foreign Exchange Reserves: Due to the Triffin Dilemma & structure of WRC system, dollars build up in reserve accounts of foreign central banks. Wanting to earn interest on this cash, CBs invest in treasuries, effectively lending to the US Govt at low interest rate. [$4T of these treasuries](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q) are held by these CBs, and [$2T of these treasuries](https://fred.stlouisfed.org/series/BOGZ1FL263061145Q) are held by private institutions. + +Conclusion: + +If the US loses World Reserve Currency status, two things happen. 1) Foreign central banks start massively dumping their [huge Treasury/Dollar debt positions](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q) and 2) SWIFT member banks who hold USDs for cross-border payments (EuroDollars) decide to dump them as they see the writing on the wall and see the value of their assets decreasing by the day. This is the one of the many [Swords of Damocles](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) hanging over the global financial system. + + The unraveling of these massive currency positions would truly be catastrophic. Interest rates could effectively jump to +30% or more overnight, creating an immediate solvency crisis for the US Government and most banks, corporations, and state governments who rely on low interest rate borrowing. [DXY](https://en.wikipedia.org/wiki/U.S._Dollar_Index) would be whipsawed violently before being forced downward by massive selling pressure from the Eurodollar market. Other currencies would be pulled higher and then lower in volatile moves matching the worst days of the early Nixon crisis. But, this is only part of the story. We will come back to this later. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Epilogue: + +Weā€™ve gone over a brief history of the Bretton Woods system, and itā€™s transformation to a complete fiat money system starting in 1971. The US as a World Reserve Currency holder is allowed to borrow almost indefinitely without immediate consequence, but this creates massive amounts of US dollar debts overseas. The last time global creditors started to lose faith in the US dollar, we saw massive inflation, unemployment, and stagnation in the US, in a period of rapid demographic and economic growth in the rest of the world. If creditors become worried again, and signs are showing up that they are (more on this in PT4) the results could be catastrophic. + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART TWO + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that ā€“ an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing) +Those of us who have been here since the beginning have seen FUD in all its many forms. Where that FUD used to seem threatening itā€™s now laughable. + +Because we all know our beliefs about GameStop are cemented. Theyā€™re built upon incontrovertible dd and upon the real transformation we see unfolding before our eyes. + +So while the FUD ratchets up and the shills seek to divide us, most of us are sitting back laughing at how pathetic they and their masters have become. + +They have nothing. Fuck ā€˜em. +&#x200B; + +Hi Everyone, šŸ™Œ + +So I got injured at work and I ended up getting a compensation of $560/month till retirement. I would like to invest it all in a TFSA that I just opened in Wealthsimple if maxed I start using the RRSP. Im thinking DCA once a month. + +Some Background. + +Im 27M I own a construction company.The injury cut the nerve on the top of my hand so I can still work to a degree. so I have income coming in and im also saving to buy a condo with my brother. so my plan is to put the WCB income all for retirement without touching it. but my main goal is to buy a presale first using my income and saving for retirement simultaneously using the WCB income. + +**Income** + +$5000/month NET + +$560 WCB + +**Expenses** + +Credit card around $1200 paid off end of each month. + +Car Insurance and gas around $400 + +Mortgage payment $1200 (House valued at 2M with 4 people on title) mortgage is about 950K + +if you fellow Redditors can suggest how to approach this opportunity and maximize the profits for my time horizon, for example which ETF's to buy and how to organize my finances so I come out ahead. + +I'm thinking one of these or a mixture of these ETF's + +VFV + +VEQT + +VGRO + +VBAL + +Thank you all in advance ā¤ļø +Hello everyone. I can't understand how the NAV updation is taking place in the aforementioned MF. Suppose S&P rose 1% tonight (Jun 7 morning in US), does the NAV updated in the fund tomorrow morning reflect the latest closed position? Or the closed position of the previous session? I'm asking because I have seen that there have been instances where the S&P index goes up but the NAV goes down in the morning. Thank you for your help! +Iā€™m currently studying economics in college and was wondering if I could find a job in finance or banking in the future? I would double major in Econ/finance but the university doesnā€™t allow for that, I can only minor. I know that banks usual recruit from top tier college, business school at that, and I go to an average university. Is an Economics major suitable for banking or should I be looking to transfer school? +\*CORRECT MOTHER FUCKERS may at this point include yourselves for being complicit unless you act now (all eyes on you Gurbir Grewal)... + +They straight up robbed retail in broad fucking daylight with the police watching and the world recording it on their cell phones and motherfuckers need to be placed in prison over this sooner rather than later. +This summary is my reply to a question about why DRS hasn't been correlated with a price increase, and I think it's a helpful enough recap to newer apes that it deserves it's own post: + +-------- + + +From the beginning the DD hypothesized that SHF had nearly infinite power over the price by virtue of their ability to create counterfeit shares via naked shorting. So price is the wrong signal until one of two win conditions occur + +1. Direct registration of the full 70 million float happens, which then reveals that the emperor had no clothes, and DTCC is holding worthless IOUs + +2. An NFT dividend is issued, which hedge funds can't synthesize to match all the phantom shares they've issued due to the cryptographic properties of the NFT. Here again the emperor is revealed to be naked. + +Until either of those win conditions are met, Kenny controls the price. BUT he is still caught! If he lets it run, the paper loss for which he is responsible goes up, and he risks his credit margin being called by the banks. So there is a ceiling. + +But if he pushes it down as far as possible, then apes celebrate in an discount orgy of cheap rocket tickets. So there is a floor. + +And the distance between those two failure points is getting closer every day, as more independent apes realize the DD is correct, buy more stock, and he *has* to push it down because the volume he has shorted is even bigger. So the ceiling is actually falling! + +And more apes are becoming aware of the value proposition GME presents, and RC continues to knock it out of the park. So the floor is actually rising! + +So Ken Griffin, alleged market racketeer, perjurer, counterfeiter, and domestic abuser, is going to get crushed into a fine paste between the two. + +Nobody knows when, but it is Inevitable. + +But you asked for evidence. + +One data point is the borrow rate ... Going from 1 to 3 (to 5 in some places!) percent sounds tiny. But that is a THREE FOLD INCREASE in your costs to short a share! Which are already crushing you! That's not a two percent increase.... That's a THREE HUNDRED percent increase. + +And there is inclusion of DRS statistics in the quarterly earnings report. This is unprecedented, and clearly communicates that RC thinks it's important. + +And finally you have the Cone Poo Chair tweets. These are obviously the least compelling, but "Computershare" is one possible interpretation. + +Chin up, ape. You have sound financial judgment and have an excellent chance of seeing your shares appreciate in value. But you can't predict when... we all just need to be patient. + +Edit: typos, phrasing +Are any economic theories reproducible or provable? Just from my vantage point, there doesn't seem to be much hard science when it comes to economics. Show me some proofs. + +**Edit** Thanks for all the replies, even the disagreements are interesting. Special thanks for the book recommendations. +Hey experts, + +Are there any battery related mutual funds in India? I have checked but couldn't find anything. + +&#x200B; + +Are there options other than direct stocks to invest in companies building batteries in India like Exide, Amara Raja, etc.? +Just wondering what actually physically causes a recession? Is it a matter of production and/or consumption changing? Is it an entirely psychological phenomena where investors lose faith in the economy? Or a mix of both or something else? +As I feel bitter about my workplace not offering WFH options, I question why our travel expenses aren't tax deductible. More than ever I feel the cost of fuel, parking, registration, maintenance and vehicle wear & tear. + +Why is this strictly considered a "private expense"? We have means of splitting our washing expenses per load, our electricity per hour, along with deductions on other purchases used (if only in part) for work. + +Can anyone explain what I'm missing here? +Hey folks, I'm new to trading. Do you have any suggestions on where to start learning and get a good knowledge foundation? On what platform are u currently working? + +thank you in advance :) +I know that people say you need a plan etc but I feel it's also possible to trade by intuition if you have a deeper understanding rather than always following a strict method. Any successful traders here who trades by intuition? +I know nothing about trading/investing but would like to learn how to do this and how to make money from it. Thanks for reading this if you have any advice please comment below. +My friend is trying to launch a small HF He's just graduated with a masters in math and has been trading crypto for \~5 years. Over the last few years, he's started to trade a pretty big book made up of mainly family friends and crypto connections. All in about $1m. So far, he's built his edge to be pretty directional where he earns alpha on both up and down cycles. I'm guessing he's done quite well since he has about $25m committed and another $20m to call in over the next few months. He's offered me a seat to trade on behalf of his fund and I'm a little unsure. + +To give some background, I've accepted a quant trading offer at a HF focused on energy markets which I'm supposed to start in about a month. My background is in math and machine learning. + +Obviously, the upside to this opportunity is quite big as I'd be one of the first traders in a startup HF, however, there is a fair amount of risk as it'd be a fund founded by people in their 20's who haven't traded through major recessions/corrections and are less equipped to navigate the impending recession that we will face. Given that they have $20m called in, I have confidence that they have a Strat thats profitable and proprietary but I realize that they're trading against top quant funds who most likely understand the market better. + +On one side, I have great opportunity with an established HF and good pay ($230k all in) but not in a market I understand/love. On the other side, I have an opportunity to build my own thing in an interesting market and have full responsibility over the decisions. I'd take a pay cut but would learn a lot. + +What would you guys do? +Asking to people that have been doing this for at least a few years. + +Ive been studying hard for a year now, using mostly replay p to backtest and only occasionally entering the market with scalping strategies just to get a feel of the market. But I wonder if trading will really be for me when I'll check the charts everyday and have to follow my trades, wait for alerts etc. I chose trading because I like finance and the markets and I like the idea of trading, but also to have more free time. I wonder if instead it can become a very time consuming practice that will keep me at home more than I desire. Plus the stress, even if actually I seem quite fine with losing knowing the profits will be bigger. + +Is it very time consuming? Do you get to actually enjoy more time of your days? Is it a boring profession? Pros cons, advice? +Hi community, + +Yes, there are tons of information what CFD's are and how to trade 'em. However, I'm curious how does it work from broker's perspective? Is spread the only profit they make? Do they make money when someone loses money? How do they handle the risk, e.g. gaps? + +Thanks +Linking this post from a few months back as it feels very relevant now - + +https://www.reddit.com/r/Superstonk/comments/nwz2g3/short_sellers_and_jim_cramer_have_blood_on_their/?utm_medium=android_app&utm_source=share + +If you don't know the story have a read - Dendreon had a promising prostate cancer drug called Provenge in development and their prospects of FDA approval were looking good. Unfortunately MSM got ahead of the game and Jim Cramer, former hedgefund manager of CNBC's "Mad Money" fame announced on TV that they hadn't received FDA approval and the project was dead in the water (womp womp sound effect, plane crashing noises. How entertaining. You might remember Jim Cramer for the video that was released where he openly admits that hedgefunds use the media to push a narrative that benefits their positions. That Jim Cramer, the one who openly admitted to market manipulation) + +Dendreon was heavily shorted. The negative sentiment from failure to secure FDA approval meant their share price plummeted and it was the beginning of the end of what could have been a medical breakthrough. + +The thing is.. Dendreon hadn't actually applied for FDA approval yet. Provenge was only at stage 3 clinical trial and wasn't ready, it was promising but that was all so far. Cramer outright lied on national TV and this drove a narrative that the company struggled to overcome and eventually Provenge was done for. The worst bit is their demise was attributed to "taking too long to secure FDA approval" - the timescale only came from the fact that MSM lied about the FDA rejection before they even applied but the clock had been started and then they were seen as "taking too long". It's disgusting what they did to Dendreon, they're just one of many medical research companies that have been fucked by the financial elites. + +So GameStop... What just happened? + +WSJ broke "news" about an NFT marketplace. No named sources, no announcements from GameStop, the information they had wasn't even new - we've known for months that something is coming we just don't know what form it will take yet. + +The price popped as a result (allegedly) of the WSJ article. You know it wasn't the reason, I know it wasn't. The general public doesn't though. All of a sudden people are talking about GME and NFT's right in the middle of memes about screenshotting NFT's, a lack of understanding and a lot of FUD about the crypto space. + +Then what follows? The FUD from MSM - "dead in the water", "desperate attempt" etc. How? How can they say it's either negative or positive when GameStop have announced literally nothing and noone knows what they're doing? For fuck's sake they even brought Al-Qaeda into it because nothing fires up a closeted bigoted boomer like the war on terrorism. + +So where do we stand now? + +MSM has front-run an announcement on no official news with no verified sources + +MSM has quickly changed the narrative to a negative one that resonates with the current FUD and lack of understanding about NFT's (just screenshot it lol) + +People start to think about how an NFT marketplace is a desperate attempt by GME to stay relevant and it would open the door to terrorism (still makes me laugh) + +People fail to see GME as a value play as a result + +The clock has begun ticking to get GameStop to announce something + +There was never a rush, never any pressure. They'll release when it's ready I'm sure and we were all happy to wait, we're early but not wrong. Unfortunately now the narrative will be that GameStop not only has negative EPS but also their NFT marketplace isn't taking off and you should all sell immediately + +Provenge had never been submitted for FDA approval when Cokerat lied about it + +GameStop has not officially announced an NFT marketplace and MSM are lying about it + +The difference is Dendreon didn't have the support of millions of investors. The playbook is the same but the outcome is going to be different. + +Fuck MSM, fuck Cramer. + +Buy, hold, DRS. That's what I'm doing. + +EDIT - been out enjoying a brisk walk today, came back to see a couple of characters talking about the effectiveness of Provenge and that Dendreon were doomed to fail as a result. Please read the document in the post I linked to understand why what happened to Dendreon is an issue. + +Cramer lied about seeking FDA approval and later backtracked + +The share price declined even with good news later that day, the damage had already been done + +This was in 2005. After his retracton he declared Dendreon a battleground stock and it was heavily shorted, at one point dropping from $24 to $8 in 75 seconds. You thought Mar10 was brutal with a 50% crash? This eclipsed that. + +Yes there are cases of litigation against Dendreon from around 2010/2011, yes there are questions around the effectiveness of the treatment. That's not the point though, the point is Cramer made misleading statements that created negative sentiment and the stock was heavily shorted with him saying investors were idiots for holding it and everyone should SELL SELL SELL. + +All I'll say is please read the document in the linked thread to better understand why I made this post +Hi there. I drive for Uber in Southern California (Los Angeles westside and South Bay mostly with occasional forays to the Valley, downtown and East LA). I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from $2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions. + +So I'm guessing that each company's revenue from rides (at least in the U.S.) has plummeted this month. I"m not sure that's germane to the long-term prospects of each stock but wanted to warn the community that, based on my experiences, each company's U.S. revenue is likely to shrink this month (and possibly for the fiscal quarter). + +This is my first post in this sub, so please give me feedback about whether this is worth posting. + +On edit: I just want to say a quick "thanks!" to all who have responded. I have definitely learned a lot both about Uber and Lyft and about investing and have acquired some new perspectives as a result. I'm very impressed at the caliber of discussion here. +I am interested to hear experiences for people that fatFIREd in their late 20s or 30s and tried to retire. + +How did it go? Are you still retired now? Where did you find meaning after you left your demanding career? + +&#x200B; + +I am 31F, I guess fatFire depending on who's asking or very chubby FIRE. + +I have been a webcam entertainer for almost 8 years now and tried to "retire" a few times but it lasted only a few months. Money is not the driving factor as much as the fact that I feel a lot of guilt if I don't work and miss the validation and the feelings of accomplishment work gives me. I have been a workaholic all my life. + +The problem is that despite me going back and enjoying what I do, the career has a short shelf life and I need to find meaning in something else. + +I have dabbed into real estate and I have done ok but dealing with tenants has a lot of drawbacks that kills my joy (I have a property manager now but not looking to buy more rentals). I am frugal and prefer investing in stocks now but like keeping some real estate. + +Travel is fun but to me it's not as fun as most people make it to because it's exhausting and I don't really find meaning in traveling for longer than two weeks. + +I also have an intense feeling of guilt spending money on luxuries and I get more satisfaction from saving and investing that spending money. + +So my question to you is what did you find meaning in when you left your high paying career at a relatively young age? + +EDIT: I really appreciate everyone's replies. + +Although I haven't found my new purpose it was nice to read other people's experiences. + +It's really difficult to have these conversations with people in my circle of life because they would not understand it. + +Although I come from a very different line of work it's interesting to see how our experiences of early retirement have been so similar and how maintaining a purpose and goals is so important for your well-being and personal fulfilment. + +I like some of the suggestions in the comments on how to find my next purpose and I will be doing a lot of reflecting in the future. +https://m.youtube.com/watch?v=HKKMGVcURRU&t=0s + +Context: The city of San Francisco is a complete shitshow. Largely contributed by the increase in demand from the new tech workers entering the market but exasperated by local cities abstaining from new development, property prices have dramatically increased year-over-year for the last decade. To make matters more complicated, the city enacted strict rent control measures in 1979 that have since constrained 75% of the rental stock. As tech workers enter the market without the proper housing to supply them, the value of these rent-controlled properties have skyrocketed in value (seen as a potential appreciation and often being purchased for a low cap rate). In addition, during this time the city of San Francisco allowed landlords to pass the cost of their mortgage onto their tenants. As a result, landlords complied with city ordinances and increased rents. + +However, tenants couldnā€™t afford these rent increases. Now the city is trying to save face. New regulations would force private companies to openly display the finances of their investments for future potential rent increases. + +Itā€™s an interesting time for the real estate industry in the Bay Area. Thereā€™s a confusion with high rental prices: many are blaming the suppliers of housing instead of the lack of supply for housing. Itā€™s also concerning that a cityā€™s solution would involve forcing the disclosure of personal information to the public. As a native of the area, itā€™s sad seeing such a beautiful place whoā€™s potential is so apparent fall apart by negligent public policies. +I make $47k a year at my job as an office assistant. + +At the advice of my friends, I took most of my savings and bought 8 bitcoins back in early 2017 for about $7200. You can imagine how I felt when it went up. Around December 2017, I got caught up in the altcoins frenzy and sold most of my bitcoins (about $120k worth) to buy a bunch of different coins. I didn't know this back then but it looks like I owe income taxes on those trades, which adds up to about $50k if I add up state (California) and federal. But with the crash that happened recently, I added up my altcoins and I only have like $30k worth. I only have about $5k in other savings. + +How do I pay this? Do I have to sell my altcoins, and give them what I can? Or is there some workaround? + +Is all my savings gone now? I feel like I might have accidentally ruined my life because I didn't know about the taxes... +I donā€™t have kids. However, my nephew is about 6 months old and I want give him something that is better than a typical baby gift this holiday and all holidays that follow. I want him to have a decent set up in the future. I was thinking $1000 starting principal with $250 annual contribution over 25 years. I like the idea a higher risk ETF for the first 10 years then move to a large blend ETF thereafter. Would love to know your thoughts on which ETF would be a solid higher risk ETF to begin? (Ideally something that doesnā€™t have an annual capital gains tax, or are all high risk ETFs leveraged? Pretty new to this) +Hello everyone. + +My current setup is IWDA 88% and IEMA 12% with a 30-year horizon + +I recently started thinking if it could be worth it to add a small-cap ETF to this setup since it lacks small caps, but don't know if it is worth it. + +The small-cap ETF would be: iShares MSCI World Small Cap UCITS ETF USD (Acc) | WSML + +That could change my setup to: IWDA 75% + IEMA 12.5% + WSML 12.5% or maybe a 75/15/10 allocation.... + +I was thinking of this ETF since I use degiro for my ETF and it is free on the Degiro ETF list. + +Any recommendations?? + +Thank You very much +Title says it all. + +After wasting 30 minutes clicking through and being forced to get the deluxe package due to having an HSA, a window pops down for a brief second showing it's gone from $71 to $110 for NO REASON! + +H&R can bite me. Does anyone know of a less expensive way to file? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I was at the phone with one of the representatives just now. I have asked him ii could transfer or register shares via computershare. Of course he said no but also he said if enough people will request it, this can me done. +To my little understanding he was a little nervous about gme, not "understanding" at first. For me they know very well what's happening and are afraid af. +So call/write to etoro and let's push them for a share transfer + +Edit 1: some apes pointed out that their only proof of holding your shares is the link to your portfolio. But there is more. Someone asked if the buying shares on etoro affects its price. For this question nobody answered or avoided the question... for me this is ridiculous. I will write to the regulatory body of my country to dig deeper + +Edit 2: https://www.reddit.com/r/Superstonk/comments/q8lhnh/i_think_ive_pushed_etoro_so_hard_for_answers_they/?utm_medium=android_app&utm_source=share + +This guy had a similar call and had some ingeresting conclusion, check him out + +Edit 3: +https://www.reddit.com/r/Superstonk/comments/q8rvdj/urgent_get_out_etoro_they_hold_nothing_but_air/?utm_medium=android_app&utm_source=share + +This is a chat where they cannot prove share ownership... no fomo guys, no urgency but keep this in mind and do what is the best for you + +Edit 4: +https://www.reddit.com/r/Superstonk/comments/q8n0xw/morning_etoros_apes_looks_like_fosuk_is_the_way/?utm_medium=android_app&utm_source=share + +Somebody send them this email saying that he/she will do a complain to a regulatory body if etoro wont allow dsr +https://fortune.com/2020/08/23/amazon-coronavirus-taxes-local-governments/ + +The coronavirus pandemic has brought new scrutiny to the way in which Amazon treats its warehouse workers, whose exhausting, precarious positions now come with a decent chance theyā€™ll be exposed to a deadly virus. And yet, Amazon is going gangbusters to expand its network, opening new facilities all across the country with the aid of compliant cities and states and little recognition of Amazonā€™s devastating impact on local economies. + +In North Andover, Mass., for instance, Amazon recently received $27 million in public funding to build a new warehouse. In Windsor, Conn., it was $8.8 million. The property taxes for a new Amazon distribution center in Glenwillow, Ohio, will be reduced by nearly half for 15 years. And the e-commerce giant is receiving taxpayer dollars for distribution facilities in Whiteland, Ind., and Arlington Heights, Ill., too. Overall, Amazon has received nearly $3 billion in subsidies from state and local governments. There are surely other handouts in the works. +This morning, because of Alaris Royalty's ([AD.TO](https://AD.TO)) big drop, I started researching what was going on with the company. Being a Canadian company, I expected to get more relevant info from a Canadian service, so I went to [BNN Bloomberg](https://www.bnnbloomberg.ca/), which has a heavy leaning to Canadian companies. + +So you search their website for your stock and it brings up all the video snippets from the TV channel featuring that stock. I [searched for AD](https://www.bnnbloomberg.ca/search/bnn-search-7.337157?q=alaris). It has a listener call-in section, from everyday investors asking industry expert guests for their opinion on companies. Here's what I found in reverse chronological order (seems that you have to hit the Reload button to get the video to play): + +[Ryan Modesto](https://www.linkedin.com/in/ryan-modesto-cfa-24430a26/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/ryan-modesto-discusses-alaris-royalty~1909320) Alaris Royalty (26/2/2020) - Caller name: "Jerry" in Vancouver + +[Jamie Murray](https://www.linkedin.com/in/jamie-murray-cfa-7a787872/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/jamie-murray-discusses-alaris-royalty~1897896) Alaris Royalty (11/2/2020) - Emailer name: "Rich" in Calgary + +[Bruce Campbell](https://www.linkedin.com/in/bruce-campbell-024a084/) [discusses](https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-alaris-royalty~1867758) Alaris Royalty (3/1/2020) - Caller name: "Tim" in Vancouver (is this Jerry again?) + +[Andrey Omelchak](https://www.linkedin.com/in/andreyomelchak/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/andrey-omelchak-discusses-alaris-royalty~1856741) Alaris Royalty (17/12/2019) - Emailer name: "Ray" in Scarborough + +[Stephen Takacsy](https://www.linkedin.com/in/stephen-takacsy-6abba8/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/stephen-takacsy-discusses-alaris-royalty~1853054) Alaris Royalty (12/12/2019) - Caller name: "Nazar" in Scarborough (expert seemed actually balanced) + +[Bruce Campbell](https://www.linkedin.com/in/bruce-campbell-024a084/) [discusses](https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-alaris-royalty~1850258) Alaris Royalty (12/9/2019) - Caller name: "Jerry" in Vancouver (oh, it's Jerry again) + +[Michael Sprung](https://www.linkedin.com/in/michael-sprung-59a700b/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/michael-sprung-discusses-alaris-royalty~1775074) Alaris Royalty (1/10/2019) - Caller name: "Tim" in Vancouver (er, Jerry again? The voices are all starting to sound the same at this point) + +[Javed Mirza](https://www.linkedin.com/in/javed-mirza-cfa-cmt-9602bb2/?originalSubdomain=ca) [discusses](https://www.bnnbloomberg.ca/video/javed-mirza-discusses-alaris-royalty~1793900) Alaris Royalty (10/9/2019) - Caller name: "Jerry" in Vancouver (What?!) + +...and it goes on + +&#x200B; + +My observations: + +\- Obviously the industry expert guests know what company the caller is going to ask about beforehand, because they happen to have all of the facts and figures to hand instantly. Not too concerning - most call-in shows vet the callers and give the guests a heads-up on what's coming. + +\- But hey, the same caller, "Jerry", calling in time after time, often pre-loading questions about a company with loads of positive spin on the company? That's not what I would do if I called in to ask an expert about a company. + +\- Speaking of experts, who are these guys? A few of them seem to be "Mr. Smith from Smith Financial" - nothing wrong with that in itself. But who are they, who's their firm, how much assets under management do they have, what is their investing track record? Never heard of any of them. + +\- As far as critical analysis: nearly none of the experts gave any. They just gave a vague explanation that Alaris is a good company, they had a few rocky investments a while back, but now they're straight and we expect their price target to be in the 20s or 30s soon, and they would be buyers at the current price. Does this sound like solid financial analysis or gentle pumping? + +\- Beyond all of this, now I'm wondering how much of the "guest expert analysis" and caller questions on BNN Bloomberg are shills, pump-and-dumpers, and paid promotions? I'm really dubious of this one example, but haven't looked into any others. It's enough for me to hold back on listening to anything that this channel says, because it's so obviously low-effort, poor-quality analysis at best, and bad advice with ulterior motives at worst. + +&#x200B; + +Has anybody else noticed this? Am I an idiot for listening to BNN Bloomberg? Is it like listening to Mad Money? What's the consensus on BNN Bloomberg? Are they in on this? Is it the work of the expert guests getting their pumpers to call in? Is BNN Bloomberg also complicit? Is it all just the callers gaming the system? To me this whole thing leaves a dirty stain on all involved - the callers, experts, and news channel. +TLDR: BCG (allegedly) stole patented technology from an employee, fired him, and published it themselves for DeBeers. DeBeers is the slimy diamond cartel that has been pillaging third world countries for decades. Plaintiff got suplexed by the fuckboi BCG legal team and his suit was thrown out due to failing the "Alice Test". Even though his patent clearly demonstrated a "Useful Improvement of Physical Phenomena". + +**SKIP TO MY FIRST EDIT IF YOU DON'T WANT TO READ THE LEGAL JARGON** + +Sauce: + +[https://cases.justia.com/federal/district-courts/new-york/nysdce/1:2020cv02285/534347/58/0.pdf?ts=1648837917](https://cases.justia.com/federal/district-courts/new-york/nysdce/1:2020cv02285/534347/58/0.pdf?ts=1648837917) + +&#x200B; + +https://preview.redd.it/76zqo7vzk7s81.png?width=700&format=png&auto=webp&s=538e149f9097ef84263bfb0818cba079a9e278d5 + +**Rady v. Boston Consulting Group, LLC et al** + +**FACTUAL BACKGROUND** + +The following facts are taken from allegations contained in the Second Amended + +Complaint and are presumed true. + +&#x200B; + +Mr. Rady underwent a Masters/Ph.D. program at Kings College at the University of + +London in August 2010, researching primarily ā€œphysical optical properties, photonics, + +spectroscopy, and statistical modeling and analysis for predictive rendering.ā€ Second Amended + +Complaint (ā€œSACā€) Ā¶ 6, ECF No. 30. Mr. Rady claims that he ā€œincidentallyā€ developed a method + +to **ā€œTechnology .ā€** Id. Ā¶ 7. ***This method involves ā€œ3D spatial mapping and spectral*** + +***analysis to determine each individual identification signature,ā€ recording these signatures into*** + +***a blockchain, which ā€œallows users to guarantee the authenticity and provenance of each itemā€™s*** + +***location and source throughout the supply chain, even where significant modifications are*** + +***made to that item.ā€*** Id. Mr. Rady claims that his method and system will quickly authenticate the + +provinces of gemstones ā€œwithout the need to confirm with central authority no matter how many + +times the gemstone is cut, polished, or otherwise modified.ā€ Id. Ā¶ 8. Mr. Radyā€™s technology has + +been claimed in United States Patent No. 10,469,250 (ā€œā€˜250 patentā€), but he maintains that other + +aspects of the technology are kept in his confidence as trade secrets. Id. Ā¶ 9 + +&#x200B; + +In June 2016, Mr. Rady was employed by BCG, working on projects unrelated to + +identifying counterfeit gemstones. Id. Ā¶ 10. Mr. Rady claims that in 2017, BCG began work with + +De Beers ā€œto develop a method to identify and insure the provenance of gemstones,ā€ but could not + +develop a solution until contacting Mr. Rady. Id. Ā¶ 11. Mr. Rady then disclosed to BCG technology and + +alleged trade secrets included in his then-unpublished patent application. Id. Ā¶ 13. BCG agreed + +that the information he provided would be held in strict confidence and they would not use the + +information without his consent. Id. + +&#x200B; + +***BCG then publicized TRACR, its gemstone provenance and authentication method*** + +***developed for De Beers. Id. Ā¶ 14. Mr. Rady claims that this method was ā€œsubstantially similar to*** + +***the detailed method disclosed to BCG by Mr. Rady.ā€ Id. Mr. Rady alleges that BCG did not*** + +***compensate him for the use of his technology and terminated his employment. Id.*** Ā¶ 15. + +&#x200B; + +**I. Plaintiffā€™s Patent Claims Fail Under the Alice Test** + +The Federal Circuit has asserted that ā€œwhether a claim is drawn to patent-eligible subject + +matter under \[35 U.S.C.\] Ā§ 101 is a threshold injury.ā€ In re Bliski, 545 F.3d 943, 950 (Fed. Cir. + +2000), affā€™d sub. nom. Biliski v. Kappos, 561 U.S. 593 (2010). 35 U.S.C Ā§ 101 defines patentable + +inventions as ā€œany new and useful process, machine, manufacture, or composition of matter, or + +***any new and useful improvement thereof***.ā€ 35 U.S.C Ā§ 101. ***ā€œThe laws of nature, physical*** + +***phenomena, and abstract ideas have been held not patentable.ā€ Diamond v. Chakrabarty, 447 U.S.*** + +***303, 309 (1980).*** + +&#x200B; + +**CONCLUSION** + +Accordingly, Defendantsā€™ motions are GRANTED and Plaintiffā€™s infringement claim + +(Count I) is DISMISSED. The Clerk of Court is respectfully directed to terminate the motions at + +ECF Nos. 37 and 40. The parties shall file a joint status letter no later than 14 days from the date + +of this decision. + +&#x200B; + +# EDIT 1: Found this article which is an easier read, plus some added color, than the legal documents - [https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/software-developer-accuses-de-beers-boston-consulting-group-of-ip-infringement-59088564](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/software-developer-accuses-de-beers-boston-consulting-group-of-ip-infringement-59088564) + +## Software developer accuses De Beers, Boston Consulting Group of IP infringement + +Diamond miner De Beers SA and management consulting firm The Boston Consulting Group Inc., or BCG, are being sued in U.S. federal court on allegations of intellectual property infringement and the misappropriation of trade secrets in their development of a gem authentication and tracing platform unveiled in 2018. + +A former BCG software developer, Max Rady, filed a lawsuit in March in the U.S. District Court for the Southern District of New York claiming the Anglo American PLC subsidiary and BCG improperly incorporated the developer's personal research in creating TRACR, a blockchain-powered diamond traceability platform. De Beers worked with BCG to develop the program, part of an effort to mitigate sourcing of diamonds from conflict zones and to track potentially fake gems. + +According to a May 20 court filing, Rady had privately developed a system for tracking the provenance of gemstones using blockchain technology and filed for a U.S. patent on this method in December 2017, which was granted two years later. However, after learning of Rady's work in "early 2018" while he was employed at the firm for other purposes, certain BCG executives overseeing work on the project for De Beers contacted him and suggested that they could implement the invention in the final product, according to the filing. Rady claims that he then shared details about his technology "in strict confidence." + +Months after Rady disclosed the information to the BCG executives, the company "publicized its gemstone provenance and authentication method developed for De Beers, which became known as TRACR," the filing stated. "This method was substantially similar to the detailed method disclosed to BCG by Mr. Rady and its use and disclosure was contrary to BCG's agreement not to use or disclose without Mr. Rady's consent." + +De Beers spokesperson David Johnson said in an email that the company denies the allegations and "will be defending this claim." A representative for BCG declined to comment on Rady's time at the firm or the allegations referenced in the lawsuit. + +Legal experts told S&P Global Market Intelligence that the case is complicated and they expect both companies to aggressively fight Rady's claims. But, if successful, the lawsuit could leave the companies vulnerable to substantial financial exposure. "What this means in the end is, if \[TRACR\] is a process that's valuable, a large financial exposure for De Beers," said Dmitry Karshtedt, an associate professor of law at George Washington University. + +Intellectual property cases are complex and expensive undertakings, attorney Nicole Galli said in a June 17 interview. Galli said the complaint filed by Rady's attorneys was "thoroughly prepared," and there is "obviously a lot of history" between Rady and BCG leading up to the legal proceeding. Galli expects the companies to push back as hard as they can. + +"Given the value at issue here and given the size and scope of the defendants, I am sure they are going to put up as many road blocks as they can think of," Galli said. "I would expect it to be hard fought." +My father told me about a stock he missed out on investing in. He said that he watched it over that time and eventually it rose 100% in value. TWO YEARS LATER. He was so shocked and impressed and ashamed that he didn't invest in it when he had the chance. + +I looked at him and went....two years? I've seen plenty of coins that did quadruple that in a matter of days. He looked at me like I was from another planet. + +I think crypto has ruined my concept of value. + +It won't always be like this... it's really insane when you think about it +Like the title stated. We lost our financial controller early last month. He came to work early on a Monday, the week of his retirement and died at work. He was discovered by his replacement (the poor guy) when he got to work. When the rest of us arrived, the police and ambulance were there, and no one would tell us what was going on since we were sectioned off to one part of the building and not allowed to go to our offices. Then the coroner truck arrived and some of us freaked out, so our national director had to tell us what happened before it was announced to the rest of the offices in different states. That was done that same day an in-emergency Zoom call to all staff. + +He was 64. He was all about saving for retirement. We have a pension and an IAP plan that we make no contribution. We also have an unmatched 401K that I had just started contributing 15% to last Oct. I started at 5% and I've worked there for 10 years, and I am 45 years old. I had it automatically go up by 1% on Oct 1st because it's the day we receive our 3% yearly increase (union contract). The 15% was my maxed so there would not have been any more increases. Our departed controller told me that I should continue to at least 20% and so I changed the threshold to 20% so it will continue increasing by 1% every Oct. I do also have a Roth IRA due to this forum. This year contribution will be my 6th year. I've maxed it out since opening it 6 years ago. I am thinking of staying at the 15% and increasing my traveling budget. I'm just feeling very fragile since we lost him. He was so looking forward to traveling with his wife. It's a passion we both share. I go to 2 foreign vacations yearly and thinking of increasing it to 3 and gradually add to it. I have at least another 15 years, maybe even 20 before retirement and I don't want to put it off like he did and never get the chance. +So I'm finishing April as my first profitable month. I should be thrilled about this but, I feel flat. I'm trying my best to Be upbeat about about it. Let me explain... + +I went live with my account at the beginning of this month. I put in Ā£800 and I grew it to Ā£1,060 within the first 2.5 weeks. I felt great that all my work was coming together and I was seeing consistent results. + +Then...emotions took over, I took a couple of losses. Went off track on my plan once or twice and my confidence took a turn for the worst, which amounted in more losses. I admit I overtraded and let discipline fall as I wanted to get back to the figure I was at. + +So I made a choice today, stop for the month. Take a week break come back after the Bank Holiday. Re energize and understand how I could have prevented this. + +Overall my account is at Ā£900 so I'm up Ā£100 for my first real month trading, just over 10%, I should be pleased with this but I feel deflated like I've let myself down. Once upon a time I dreamt of having my first profitable month and now I've had one it feels completely clouded by my stupid errors. + +Hopefully a small break will do me good. Has anyone else had a similar experience? Did a break help you if so? +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! + +Another 'catalyst' is upon us and we're all ready to be hurt again. Yet, NFT NYC seems to have a bit more to it than our previous hype pump-and-dumps, including such greatest hits as: Bastille Day, Stockholder's Meeting, Moonjam, T+anything, NFTCon, any closed door meeting at the SEC, etc. + +But this time we have the [VP of Merchandising there](https://www.linkedin.com/feed/update/urn:li:activity:6861718598327566336/). + +https://preview.redd.it/bqts20x85nx71.png?width=668&format=png&auto=webp&s=a334d9e7c58fea4971d02bae18a82a00180b228d + +Matt Finestone, GameStop's Head of Blockchain [tweeted](https://twitter.com/finestonematt/status/1454933968365572102) that he is there. + + +https://preview.redd.it/tqisuepc5nx71.png?width=743&format=png&auto=webp&s=2f3d430c5b85b68b9856df13319113ca865ac0b7 + + +We had a Product Director [tweet about her experience buying NFTs](https://twitter.com/dami_amabile/status/1448414754729603072). + +https://preview.redd.it/1gdra1ze5nx71.png?width=748&format=png&auto=webp&s=aaf6eab1b634bc0a0975f71b19ebdafefe91092b + +We have MethodMan [tweeting his presence](https://twitter.com/methodman/status/1455954798742839296) as well. + +https://preview.redd.it/4jr2imo06nx71.png?width=735&format=png&auto=webp&s=c1d8485b00bc323c783c814e78dbfac8a170e16a + +The CEO of Loopring [unsheathing his creation](https://twitter.com/daniel_loopring/status/1455348339101208577). + +https://preview.redd.it/th9xjn946nx71.png?width=738&format=png&auto=webp&s=d505e666e121703e0a4f951278e17d889b4f82ca + +Papa Cohen himself blessing us with two tweets ([1](https://twitter.com/ryancohen/status/1453174821072801794) and [2](https://twitter.com/ryancohen/status/1454841759104749574)) coming into the week. + +https://preview.redd.it/rpso6bpg6nx71.png?width=738&format=png&auto=webp&s=d81e3cab8b652193d46160729ae7256934e0005b + +https://preview.redd.it/xby0glpi6nx71.png?width=733&format=png&auto=webp&s=e1d06cbb17c4d704342915d1b53a85a810d625cd + +Loopring [saying in their Discord](https://twitter.com/GMEdd/status/1453928063180345345) that their partner's NFT Marketplace is launching soon... + +https://preview.redd.it/n3yk9h9a6nx71.png?width=768&format=png&auto=webp&s=135e1342a2032c3104d728f6ba776b19acc1ddbc + + after they posted some public code that included a [reference to Gamestop](https://twitter.com/GMEdd/status/1453566568374341635). + +https://preview.redd.it/zml7yqvd6nx71.png?width=800&format=png&auto=webp&s=033d06a83743b9beb458777ce72d7fc1bc6cf9dd + +&#x200B; + +With all of this - it's hard not to feel SOMETHING is close. Hell, even Loopring put in their quarterly report that their premier partner's marketplace is launching in Q4 (which I do think is Gamestop). But if we take a step back and recognize that **GameStop has no interest in blatantly triggering MOASS** for all sorts of litigation global/media perception reasons and that GameStop is VERY much interested in becoming a massive industry disruptor - what would be going on here? + + +Well, they're doing one of the hardest, underappreciated things you can do in life or business: *just sitting down and listening.* They're immersing themselves in the NFT space, with the innovators and the pioneers of this technology. They don't want to be a company that plays pretend, leading with press releases and catching up to past-made promises (*"****Don't judge us by our words, but judge us by our action"***). GameStop wants to **be synonymous** with NFTs, in the way Coke is for soda, Kleenex is for tissues, and Steam is for PC games. When you want to trade pokemon, get that e-sports star's avatar from Nationals, sell that weapon skin, GameStop's NFT marketplace will be your natural portal. + + +There's an absolutely massive amount of investment, talent, and discipline going on here. As an investor, I'm more excited to see how practically, seriously, and *patiently* they are approaching this - making sure they execute perfectly - for an era-defining opportunity to be a market innovator and leader that will allow them to take an early position in dominating this disruptive, emerging market. + + +MOASS cometh. Buy. Hold. DRS. +How do I memorialize the personal check in the MEMO line so that I minimize any potential risk to her? + +Sheā€™s my sister. We are very close. We did not draft a formal loan agreement. She used ACH (her bank to mine) every month to send me money. I promised her that I would repay every dollar when I got back on my feet. Iā€™m able to repay her now. Do I need to write anything in the MEMO line of my personal check so that in the event of an audit, itā€™s clear what the USD250,000 check is for? Thanks. +Is it me or VWCE past weeks performance seems a bit too good? + +5% in a month and 18% in 6 months for a mega diversified world ETF are starting to worry me. I know about not timing the market etc etc but at these levels I don't even feel confident in adding to my position even with my saving plan by dca. I didn't see a single stop between 88 and 95. + +I think this performance is also extended to other all world ETF but I'm not checking other ones regularly. Obviously this is all speculation and just a few personal/conversational thoughts but lately I'm looking at it almost as a benchmark of how overvalued seems to be the market. + +I don't remember a red day either. Do you? +I was looking at a discussion on bigger pockets and the first poster caught my eye (it seems he bought his property at age 22 (estimating his age based on his LinkedIn) or so, and turned that into 100 units by age 29. + +Someone else mentions they started with a 4 unit, and got from that to a 900 unit property in 10 years. + +[https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners](https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners) + +How difficult is it to go from a 1-4 unit property, to 100+ units in 5 years, or 10 years, or etc? How likely is it? Do folks with those many units typically own them with partners, or are they able to afford it by themselves just by using their rental proceeds? + +What's the strategy to go from 1-4 units to 100+ units? +When is anything ever enough? Payrises are just temporary dopamine rushes. Houses in a good area are unattainable for people in my generation. I just don't see the race ending anytime soon. +Exactly what the title says. Iā€™ve reviewed the previous emails and it states that I wanted 3% added. I believe they accidentally hit an extra 0 when inputting the value. I contacted HR and they have changed the amount going forward but donā€™t believe they can get the money taken out of this paycheck back to me since it already sent to the 401k company. Is there anything else I can do to try to get this money back? 30% is a lot to lose out of a paycheck. +I went from zero savings to saving about Ā£25,000 in two years thanks to a couple of promotions. + +Iā€™m all too aware of inflation, and having never even had enough to contribute to my workplace pension I wanted to get started on building wealth at 31. + +I wonā€™t be buying a property until I leave London. + +Anyway, I invested all of it and Iā€™m down about 50%. + +I do believe in the companies - but I realise that as someone that grew up poor and has never had a pot to piss in: I canā€™t actually cope with the swings. I think about this shit day and night. + +So - are the there other solid ways to build wealth and just BEAT INFLATION? + +Savings accounts are out. Buy to let is out (higher rate tax player plus I donā€™t believe in it.) + +How the hell do I start again and preserve my money? + +EDIT: Majority is in Scottish Mortgage Investment Trust which is down circa 45%. +Just a rant. + +Have you ever read John Scalziā€™s internet essay ā€œBeing Poorā€? Well, in it he says something like ā€œbeing poor is four years of night classes for an Associate of Arts degreeā€ At first, it doesnā€™t seem like a bad thing, and for many, I am sure it was an accomplishment of a lifetime and a ticket out of poverty. But, I also think that anyone who has gone to community college part time can understand what a burn that is. Because itā€™s basically a worthless paper you pay for, after busting your ass for years, balancing work, family and school. + +Anyways, that is a preface to what I want to say today. Oh one, more point that Scalzi makes, ā€œBeing poor is having to live with choices you didnā€™t know you made when you were 14 years old.ā€ + +Shit, Iā€™ve been making bad ā€œchoicesā€ since the day I was conceived. I grew up with white, high-school educated, working class parents. My dad had six kids by the time he was 30. Bad decision I made being born. We moved four times (that I remember) before I started kindergarten. I was homeless for a month following the death of my infant brother during first grade (SIDS is correlated with poverty btw). In some ways I had privilege, like my race, and extended family that we could stay with when we were in between apartments, etc. And in other ways I got the shit end of the stick, no money for healthcare, ill-fitting hand-me-down clothes, depressed parents who often werenā€™t around due to work and their own mental illness and addictions, no enriching activities (besides camping), and just a general lack of opportunity that middle class kids are offered. I wasnā€™t physically abused, so I am grateful for that. + +This all developed into me not being a model student as you can imagine. I got good grades, (maybe because I had a mother who read to me) but my parents couldnā€™t have told you the difference between AP and remedial classes, they couldnā€™t tell you the difference between community college and university, they couldnā€™t tell you want graduate school was, they didnā€™t have money for dance lessons, tutors, or travel. They subtly encouraged me and my siblings to follow them into their lines of work, restaurant and auto body work. My fatherā€™s spelling is adorable and frighteningly awful. My mom used to ask me to call people for her because I ā€œsound professionalā€ as she put it. She knew her class came across in her accent, mispronounced words and inability to form a logical argument. + +I took the inevitable (?) ā€œpoor girl routeā€ and got pregnant while I was both young and unmarried. I wasnā€™t a ā€œslut.ā€ He was my second boyfriend I ever had in my life; there was a very short time between me being able to describe myself as a virgin and as pregnant. I didnā€™t try to ā€œtrap himā€, I legit didnā€™t know how easy it was to get pregnant. I had never gone to the gynecologist before that point (why donā€™t high schools offer free gynecological services?!) and I was not on birth control. I was 19. I was just scraping by living in an apartment with a friend. My boyfriend said heā€™d support me in whatever choice I made. I wanted to give this child a chance at life. After all, I had felt that my youngest brother was cheated out of his life. I had the baby. She changed my life, and she is my life. + +Now, she is the age I was when I was pregnant with her. She is on birth control, she is in college, she is on a good path in life. She has had a life of doctorsā€™ visits, enriching summer classes, trips out of town. She had teachers who told her she was smart and that she had a future. She is awesome. We once were on medical assistance and food stamps and free lunch. Now, we are not. + +I pulled myself out of poverty. I do not qualify for assistance anymore. I pay real rent, and I can pay all my bills and even save money sometimes. Two years ago I went on a two-week vacation to Europe. I was miles away from being the little girl in dirty clothes with bad teeth and teachers who told her that she smelled. I was miles away from being the single mom having her hours cut because her daughter was sick and she couldnā€™t find back up child care when day care wouldnā€™t allow her in. I should be happy, right? + +Now, I have a job that ways almost 42,000 a year. Why the fuck am I posting to ā€œpovertyfinance?ā€ + +Because I am tired. Iā€™m so fucking tired. I work with people ten years younger than me, who make the same or better pay. They are buying houses with gifts from their in-laws. My parents cannot afford to give me a down payment and I know Iā€™ll never be able to save up enough to afford one. My car is literally falling apart, and the idea that Iā€™ll need to add a car payment on top of my other costs is killing me. I am trying to help my daughter as much as I can, so that she doesnā€™t need to take out loans. I sometimes long for the days of Sect 8 housing and food stamps. Maybe I am just kidding myself. Iā€™m NOT POOR ANYMORE. I know that. Why do I still feel that way? + + +Iā€™ll never get married again (I had one brief and unhappy marriage) Men want to date 25 year olds, not 40 year olds. When I meet men on dating sites, they ask me what my hobbies are. ā€œDo I ski? Do I go salsa dancing? Why donā€™t I purse a Masterā€™s degree?ā€ + +What I want to say to those menā€¦When did you learn to ski? Who taught you and provided the equipment? Who watched your kid and paid for the babysitter and the dance lessons? WHY the FUCK would I go back to college? Whoā€™s doing to pay for that? Should get more student loans so I can come out making $47,000? Iā€™m making ā€œentry levelā€ wages for a Bachelorā€™s degree, and yes, of course I earned a terrible, unprofitable bachelorā€™s degree. Nothing practical or in-demand. Thatā€™s something else my parents and I didnā€™t know as uneducated working class people: the difference between a history degree and an accounting degree. Successful men donā€™t want to date someone like me. Iā€™ve been treading water for 40 years. + +My parents are at the age where they are retiring with no savings and ill health. FML + +My kid is getting out of this, and I guess that I how I can die knowing my life wasnā€™t a complete waste. + +Until then, I am living paycheck to paycheck, wondering how the fuck I canā€™t thrive on the pay I receive right now. I am anti-consumption, I have very few wants, but I just canā€™t seem to find peace of mind. Iā€™m meditating but I havenā€™t found peace yet. All I want to do is escape. + +I am so sick of car insurance, car repairs, buying work clothes, paying for medical costs, god damn broken iphone5 screens, the price of everything going up, societyā€™s expectations. Needing ā€œpaymentsā€ just to live. I just want to live without having to get loans. I want to live without having to get a Masterā€™s Degree. I want to love without throwing myself at successful men, hoping one will share his bounty of resources. Iā€™ve long given up to the ā€œprince charming knight in shining armorā€ bill of goods sold to little girls looking for escape. I used to pray to be saved, and I worked so hard to save myself. I donā€™t pray anymore. But I search for peace. I just want a break from these fucking choices I made before I realized they were choices. I want a break from 4 years of night school. I want a break from looking like a desperate whore. I want a break from applying for credit. + +I know that life is suffering and I should make peace with that, and I realize that I am not even suffering. These are first world problems etc. Iā€™m not poor anymore. I just wish I could shake this poor feeling. Does it ever go away? + + +Thank you for listeing to me. + +TfLDR rant about how I grew up poor, had a baby, started to work my way out of poverty,ā€made itā€ out if official poverty, but still feel poor/like crap sometimes. + +UPDATE/EDIT Reddit, you all are making me cry, laugh, feel validated. Everything. Havenā€™t had the chance to thank and respond you all yet. But thank you so so so much for the support and compliments and advice. + +And OMG SILVER AND GOLD?!! Thank you šŸ™ šŸ’• this is one of the best days of my life. +Finding an off the plan apartment where the developer are encouraging buyers to put their deposit on a 6 month AfterPay arrangement feels like an example of unethical lending. + +Not to mention they are spruiking two different types of government housing stimulus, it makes me feel like the housing bubble is definitely in a pretty precarious bubble fuelled by relaxed lending. + +https://www.allhomes.com.au/39-braybrooke-street-bruce-act-2617?tid=179201129 + +EDIT: *a 5% off the plan apartment deposit, damn titles. +Charles Payne is talking about how wall street is throwing a temper tantrum and blaming "meme" investors for the stock market going down. + +Seems like they're starting up the spin cycle for the inevitable. Once a clip becomes available I'll post it. + +Bullish. + +https://www.youtube.com/watch?v=fQXwLhCeLso +With all this fear going around about privatization, I am wondering how bad it will really get. Will we see a full US style system eventually? How will privatization affect other parts of the economy? Will taxes go down? Will employers start offering health insurance? Etc. +Hello all, the numbers for October came in via Black Knight's Mortgage Monitor. If anyone is speculating a crash in 2021, here are some numbers to look at. + +Home prices: Low rates, improved affordability and low inventory continue to put upward pressure on home prices, with the median home price rising by 14.2% in September. This is up 11.5 % since August, and the highest annual home price growth in 15 years. It is expected home buying will increase even into December. + +Delinquencies: Mortage Delinquencies are down 3.10% in October. The level of of all delinquencies less than 90 days past due has now returned to pre pandemic levels. Serious Delinquencies are down 43k, however, more than 2.3 Million home owners (5x the number entering 2020) remain 90 or more days past due, but not in foreclosure. Once 2021 comes around , I can see a possibility of a lot of these turning into foreclosures. +To compare, in total we have 2.5 million either delinquent or in foreclosure as compared to the Great Recession peak of 5 million. We only have currently 181k active foreclosures as compared to 2.2 million at the peak of the Great Recession. Our TOTAL delinquent is 3.5 million compared to 5.8 during the Great Recession. + +On a positive note: Pre payment rate is up 12.70%. There are now just 821K mortgage holders that are a single month behind on payments, down nearly 20% from pre-pandemic levels, and the lowest such volume on record dating back 2000. + +Highlights: +- After peaking in May, delinquencies have now fallen by more than 14% (-582K) over the past four months + - As of September month-end, some 3.54M (6.66%) borrowers remain past due but not yet in foreclosure, down from 3.68M (6.88%) the month prior +- September also marked the first improvement in serious delinquencies (90+ days past due) since the start of the pandemic, which fell from 2.37M to 2.32M. +- Still, 4.4% of mortgage-holders remain seriously delinquent on their mortgages, more than 5.5X (+1.9M) than the share six months ago +- Despite serious delinquencies remaining significantly elevated, early-stage delinquencies have shown strong improvement + +What can we take from this is still un clear. I definitely believe we will be into a cooling trend coming in 2021 but don't know about a crash. I suggest checking out the sources I list below and staying up to date on this market. + +Source: Black Knight, mortgage Bankers association. +Hey everyone! is it worth contributing to my companyā€™s 401k if they arenā€™t matching me til iā€™m a year in? iā€™m currently deducting 10% buuuut with the way the marketā€™s trending, iā€™m thinking about lowering the deduction. Thoughts? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +\*CORRECT MOTHER FUCKERS may at this point include yourselves for being complicit unless you act now (all eyes on you Gurbir Grewal)... + +They straight up robbed retail in broad fucking daylight with the police watching and the world recording it on their cell phones and motherfuckers need to be placed in prison over this sooner rather than later. +I still canā€™t really believe it. Thereā€™s a statistic that says it takes 7 generations to get out of poverty. I hope Iā€™m the last one. And I hope I donā€™t feel too much like Lip from Shameless. +Every time they've kicked the can down the road, we've only gotten more knowledgeable, more invested, and more committed. We've already won. Apes can do this all day/year. I was happy with 10,000,000 million but now I'm going to hold even longer out of spite :) + +We just need to wait now. Buy & Hold. +35M ~$7M net worth. I have a company, of which I'm currently the CEO, it profited just over $1M last year, without much change the past 3 years. It is growing again now and we're on target to hit $1.4M this year. I'd like a test run at fatFIRE without actually divesting from my business. Just curious if anyone here considers themself fatfired while still owning majority control in small/medium business. +I'm considering to buy Alibaba stocks, I think it's a great company, with good financials, competent management, and the stock is undervalued. But China's both internal and geopolitical situation makes me doubtfull. +What do you think? + +Edit: based on my own analysis and everything said here, I would buy just a little portion of my portfolio. The only one thing that makes me hesitate, is ethical... Someone here mentioned something I didn't know about Alibaba participating in Uighurs. Anyway, I looked it up and didn't find much, neither denying it nor proving it. +I posted this comment earlier in the thread of the guy who transferred out of Wealthsimple to TD u/Outrageous-Garbage99. This is a little tinfoil but hear me out on this one. For those who havenā€™t seen it when it transferred his average ā€œcostā€ was $3653.56 a share. Meaning the transfer cost Wealthsimple $3653.56 to find the real shares and send them to TD. + +Letā€™s say that these institutions actually know how many shares there are currently in circulation and they base their ā€œpriceā€ on the actual float (with all the synthetics that are currently in circulation). A simple ratio would suggest that there are 1.719 BILLION shares in circulation (158x=3653*74,380,000 [float noted on TOS]). + +The shares are so diluted that they are showing $158 per share for 1.719 billion shares but even without the squeeze they are worth $3653.56 per share right now. I honestly think that this is actually plausible. They have had to suppress the price by just printing shares to save their asses. We have all seen the DD that shows Germany owns the float, Sweden owns the float, Canada owns the float, USA owns multiple floats etc. I am sure this is going to be downvoted to hell. But I thought I might offer my tinfoil up to be denigrated and chastised for those with a few more wrinkles. + +TLDR: I think we own the float so many times over they are more fucked than we think they are. 1.7 billion shares based on transfer pricing. NFT is really gonna hurt Kenny and crew. Like u/RickofSpades hurt that banana. That banana will never recoverā€¦ā€¦.coming for you Kenny et al. +šŸ”„Best Deflationary Token Binance Smart Chain.šŸ”„ + +&#x200B; + +TOTORO is an open-source and community-driven social experiment. Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards. Tokens are not intended to constitute securities in any jurisdiction. + +&#x200B; + +āŒNO TEAM TOKENS + +āœ…100% LIQUIDITY ON PANCAKESWAP + +CONTRACT ADDRESS : 0x83c43fdc737541196c6085ae4378db3dbaa90c99 + +&#x200B; + +Token Explorer : [https://bscscan.com/token/0x83c43fdc737541196c6085ae4378db3dbaa90c99](https://bscscan.com/token/0x83c43fdc737541196c6085ae4378db3dbaa90c99) + +&#x200B; + +šŸ”„TOTORO Burn Every TimešŸ”„ + +šŸ”„Every Buy or Sell TOTORO Tokens will Burn 10%šŸ”„ + +&#x200B; + +šŸš€Buy TOTORO + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x83c43fdc737541196c6085ae4378db3dbaa90c99](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x83c43fdc737541196c6085ae4378db3dbaa90c99) + +&#x200B; + +šŸ“ŠCHART TOTORO pair BNB + +[https://unidexbeta.app/bscCharting?token=0x83c43fdc737541196c6085ae4378db3dbaa90c99](https://unidexbeta.app/bscCharting?token=0x83c43fdc737541196c6085ae4378db3dbaa90c99) + +&#x200B; + +šŸ”„HYPER BURN TOTORO + +[https://bscscan.com/tx/0x0247db76465d3368214f970f2628efabfb75427d892c4b8a27b9a7d3f30de497](https://bscscan.com/tx/0x0247db76465d3368214f970f2628efabfb75427d892c4b8a27b9a7d3f30de497) + +&#x200B; + +āœ…LP TOKENS BURN + +[https://bscscan.com/tx/0x9bd02c4aadabfd6c3143bb20c974d9d61cbe8fe3f39a90cdf1dbee8ab8a751bb](https://bscscan.com/tx/0x9bd02c4aadabfd6c3143bb20c974d9d61cbe8fe3f39a90cdf1dbee8ab8a751bb) + +&#x200B; + +šŸŒžBOT PRICE TELEGRAM + +[https://t.me/UniRocket\_TOTORO](https://t.me/UniRocket_TOTORO) + +&#x200B; + +Website Official : [https://myneighbortotoro.finance](https://myneighbortotoro.finance) + +Telegram Chat : [https://t.me/totorochat](https://t.me/totorochat) + +Twitter Official : [https://twitter.com/totorofinance](https://twitter.com/totorofinance) + +&#x200B; + +DYOR no financial advise +I left my job 3 years ago to take care of my mom who had stage 4 cancer. I thought I could find online work but between caring for my mom and doing small VA tasks I didnŹ»t have the whatever to upgrade my skills. In desperation at one point I cashed in my 401k (please donŹ»t judge, everything is so expensive). So now IŹ»m selling her home and after everything IŹ»ll have about 200,000, but no job, no family or friends. Just me. I thought about buying a little piece of land and building a small home but I donŹ»t drive and it really feels like the housing bubble will burst, I thought about renting a room in some strange town and looking for work at some non-profit (I used to be a social worker), I thought about buying some flat land in a sunny spot and leasing it to a solar power agency, I thought about buying a boat and renting it out, or buying a hostel in a foreign country, or buying a hot dog cart in a college town. Going back to school at 54 holds some appeal but I get that itŹ»s unrealistic. Maybe buy a pretty property and turning it into a wedding venue? I used to work with the homeless so working with newlyweds shouldnŹ»t be that much different on the crazy scale. I feel paralyzed by the choices. I need to find a way to earn money, I have no problem being "uncomfortable" as I spent a year volunteering overseas independently (the Syrian exodus). I just wish I had a family member that could tell me what I should do. +As the title states I've gotten my first taste of flipping and now have a little over 150k in cash. I would like to begin my next project (new builds or reno, even small communities like 3 or 4 townhouses ) however I don't want to use a hard money lender or finance the project with my actual liquid funds. + +I've read tons of blogs talking about using banks to grow the business.(using cash as collateral and such) but can't really find best next steps to iron out a business plan. I do have a LLC and would like to grow. i have some key vendors like, excavators, plumbers, electricians, painters and working to add more. + +I'm working out of Atlanta GA. (and surrounding Metro Area) + +Any advice would be greatly appreciated!! +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! + +Until 10 minutes ago I was broke. My bank account barely had $5 in it and my crypto portfolio was barely worth $20. But not anymore. Today I finally became a millionaire. Here's how I did it. + +First, I got 0.1 ONE (around $0.01) from CryptoRoyale and sent it to my Metamask wallet. + +I then went to TokenJenny and created my own coin. I chose a total supply of 1,000,001 + +I paid a fee of 0.0038 ONE to mint it. And now it was in my wallet. + +https://preview.redd.it/7zbujfyqbwq71.png?width=854&format=png&auto=webp&s=8f3821d56f784d91f2c6302872d424def50490e2 + +As you can see I now have 1,000,001 RICH tokens. But at moment they are worth nothing. But not for long. + +&#x200B; + +I went to Viperswap and swapped 0.0062 ONE for 0.001 USDC + +https://preview.redd.it/4fhtoslxcwq71.png?width=1077&format=png&auto=webp&s=7db2abb2365e56918010f49cc7dda25f15ba532e + +I then created a trading pair for my coin on Viperswap. + +I added 0.001 USDC and 0.001 of my coin to the liquidity pool and approved it. + +https://preview.redd.it/39qga5i9fwq71.png?width=1248&format=png&auto=webp&s=40c93cd1853c74fa2871932e6d19decff6b5204e + +As you can all clearly see, 1 RICH = 1 USDC now. Which means I'm now officially a millionaire since I still own 1,000,000.999 RICH tokens. + +See yall at the lambo dealership. + +&#x200B; + +https://i.redd.it/517cdszyfwq71.gif +Iā€™m moving from CA to NY. Dog is 45lbs and 10yrs old, so canā€™t fly with us in the cabin and we donā€™t want to check her in the cargo. + +Our best option right now seems to be driving but that seems hellish. + +Any ideas? +Mine did, surprisingly enough, though they didnā€™t tell me or put it on any payslips. + +Iā€™ve left there now, but it was just interesting to know theyā€™re benefit cheating frauds + +Sign in and click this link: https://www.tax.service.gov.uk/check-income-tax/jrs-claims +This is really directed at people who hit their number and got out of a an industry segment or maybe whole career they didn't like. How did you go about finding your next thing, whether it be more fulfilling work, hobbies, charity, travel, fishing or whatever? I'm the stereotypical mid-50s guy who's having a problem giving myself permission to do nothing/pivot to hobbies, but I also know I am just not equipped anymore for the daily grind and always on call culture of the current working world. +So I have a solid NW and high paying job. My mom still works but has essentially no savings and was being forced to move to a new rental a few years ago at age 68. I bought her a house for $800k and put $200k down. She pays $2500 a month in rent to me. I lose probably $10-15k a year after taxes and everything. + +I told her that she should basically treat it as her own house, make any upgrades she wants without my approval needed. + +My mom and her new husband (have been together for many years and I like him) have put in about $40k into various remodeling projects. + +Now we are seeing that the value is maybe $1.2-1.3 million. They are thinking we should split the profits in some way. When we got into this profits werenā€™t discussed and they have benefited from below market rents and stability. I agreed to never sell it or raise rent. + +We also have some other maintenance repairs needed of $10-15k and the question is who pays for these. + +I realize we likely should have ironed all this out up front and it is more difficult now. + +My thought is perhaps I agree that all of this home equity is essentially theirs for rest of their life if they wanted to move or something then I would agree roll it to a new place and they could cover most of the mortgage so my annual losses are same as they are today. + +If they wanted to downsize or just end the arrangement I was thinking I could take my down payment and figure out what the SP 500 did over same period and pay that return amount first and then split 50/50 whatever is less after paying taxes and everything. This might end up running into gift tax issues and things though so maybe would be paid over a few years time. + +Perhaps it is a personal deal in terms of how to divide it all up. I certainly have more than I need and can help my mom and her partner here but I also took the risk of buying this and had the opportunity cost of not being able to invest this $ in the market while tied up in the house. It now seems that because wit is worth so much more they are thinking they deserve a cut of the profits. I could certainly just stand tall that I own 100% and that was always the deal but it seems pretty greedy and these profits donā€™t really change my lifestyle at all. +Throwaway account. Like the title said.. + +Im 24 Masters student, my grandmother passed away a month ago and left all of her money to me (roughly Ā£80000). I live in the UK but became estranged with my parents because I came out as gay during my undergrad (family originally from India). My dad called me two weeks ago now to tell me the news. Im confused/sad/angry because I cant go to her funeral but I also dont know what to do with the money. I dont have any debt because I got a scholarship to go to uni and have a part time job to support myself (IT support). + +I have been following the flowchart here since I found out about it two years ago and have Ā£3500 emergency savings. But now I am really confused. Its a lot of money and I didnt earn it. I dont know what to do. +e.g. The only reason the 4% rate survived the great depression was because of the 40% bonds. If the portfolio was 80-100% stocks which many people today seem to go for, it would have been utterly destroyed with a 4% withdrawal + +Bond yields were very high historically, 2-4% REAL returns even with Government bonds, this is why the 4% rule worked so well. But if you have 40% in bonds yielding a measly 1-1.5% today (nominal!) with the additional risk that future rate rises will totally crush their value, I don't see how the 4% rule is relevant today. A 40% bond portfolio (with high quality gov and IG corporate bonds) would have wayy expected lower return these days, with well under inflation interest rates. Am I missing something? Did the 4% rule study actually test time periods where bond/interest rates were near 0 and stocks were at near record valuations like today? Even in the 2000 and 2008 crashes yields were way higher and could be dropped, now they have no room to drop. + +&#x200B; + +EDIT - I came back from work to find way more replies than I expected, I will try to respond to as many as possible but I didn't expect this number of comments +45, married, no kids. About $6M NW not including main residence, which is paid off. I've got a good job in a VHCOL area that is fine, not exciting, and I could do it indefinitely. + +The question is, why? We are spending \~$130k/yr, which if I use some calculators like [https://calculator.ficalc.app/](https://calculator.ficalc.app/) and some others, it seems that withdrawal amount is totally reasonable, even for a very long time horizon. Talking to my financial guys, they have a much more conservative model, and give an 80% success rate today, and >90% if we work 3 more years. + +Who should I believe? I don't NEED to pull the trigger now, but I admit, I read Die With Zero recently. Working for a few more years so I can die with some more millions seems like a total waste of time. I have activities and hobbies I can throw myself into if I don't have the 9-5, and even make a little bit of money (not enough to make a difference either way). I admit I'm biased in favor of getting out. + +How should I structure my thinking in order to make this decision? +I've researched this and while the concept I get the practice I'm missing. + +When I have an itm long call and sell a short otm call against it, it works because if I'm assigned to sell 100 shares on my short call, I can buy 100 for cheaper from my long call to fulfill that obligation, after accounting for premiums, etc. etc. It should work out if you've done it right and you should be rolling to avoid assignment anyway if practical. + +What I'm missing on is the gap you must jump in between the buying and selling, because on IBKR I read thay they do not automatically excersice and subsequently sell your long call if you get assigned on the short one, because it may be in your favor to cover it as a naked call and keep the extrinsic value of your leap. + +But if I do need to cover using my leap how do I excersice the leap without the capital to buy 100 shares even though I will turn around to sell them immediately recovering the capital? Is my broker smart enough to know that and will just lend me the margin? Feels like a paradox where I owe something and will get paid, but I need the money first to buy the thing to deliver and get paid balancing out in the end, my head hurts. + +*So I was missing that your broker opens a short position to deliver the 100 shares and you must cover that with the short premium plus extra funds, ideally collected premiums so you aren't at a loss. Thanks for the help. Also sketch you'd have a sudden short on a rising stock, something to think about. +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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Iā€™m looking for savings account in EU country (other than Poland, which is my country of residence). Currently I have three bank accounts: + +1. Lloyds Bank in UK (but havenā€™t used it since I moved out of UK 2 years ago) +2. Revolut +3. ING Bank + +I wanted to resign from ING and move to Revolut completely, but apparently Revolut lost polish IBAN and my employer wonā€™t allow me to use LT IBAN to receive salary. So I will use ING as a ā€œbridgeā€ which will automatically transfer money each 10th of month to Revolut. + +Maybe I would use revolutā€™s vault as savings account, but I have no idea if itā€™s good. Any opinions on that? + +Because of inflation and personal reasons I would like to open savings account in Belgium, Netherlands or Germany for example (but any country where euro is the main currency will do). My saving goal is ā‚¬15k in the next year and a half. + +Of course that means I need an account in bank accepting non-residents soā€¦ any ideas or recommendations? +***AT FAIR VALUE?*** let's dive right in. + + I am trying to connect the dots after looking at Citadel's financial statement. By definition, Citadel sold $70,230 billion worth of securities to retail at zero cost. They technically sold you something they didn't have. However, they promised to buyback the securities "at fair value". This is the crux of the matter in my opinion, the "at fair value". What does this mean? I am smooth brain as fuck, but I believe that's how they cook they books. That's how they convince SEC that everything normal. That's also how they avoid Margin call. + +Hypothetically, let's assume that the $70B labilities in their FS are only for GME "this isn't the case, because I'm sure they short other stocks". For Citadel to close their position, they need to buy 585,250,000 million GME shares at the current price $120 per share. + +Keep scrolling: + +&#x200B; + +https://preview.redd.it/igyusod5unk81.jpg?width=710&format=pjpg&auto=webp&s=69adc98f52d66e6f182a749bb169d04c9682a9de + + + +Now, the real question is, what is the ***"fair value"*** of GME according to SHORT? + +Clearly, MSM media and short anchors have been telling us that the fair value of GME is between [$10](https://www.cnbc.com/video/2021/02/25/gamestops-stock-worth-ten-dollars-at-the-most-analyst.html) and [$20 a share](https://www.youtube.com/watch?v=yS4yPsmaDDQ). Did Citadel and the **short gang cook their books based on this value?** Highly likely. + +Again, to provide very conservative guesstimate, I would assume that all shorts including Citadel total labilities is $70,230 billion and the fair value of GME is $15 (average). + +70,230,000,000 \\ 15 = 4.8 billion shares shorted. + +Wait a second, perhaps this is a tinfoil theory and I am being crazy, cultist, retarded and conspiracy theorist, but this is actually very close to the total volume of GME in the last 70 weeks, [4.4 billion shares](https://www.reddit.com/r/Superstonk/comments/svv5rq/citadel_traded_714_million_gme_shares_otc_over/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/d7co4wijtnk81.jpg?width=1229&format=pjpg&auto=webp&s=54e49830702c1cc233ba2721f3c7450a969d55c1 + +&#x200B; + +https://preview.redd.it/oq2hewzktnk81.jpg?width=2607&format=pjpg&auto=webp&s=045256a88fc2eccb6ba78af6e8da97495eb16225 + +https://preview.redd.it/eqrusvzktnk81.jpg?width=2436&format=pjpg&auto=webp&s=0e055b519c247945fc04a0ed321d81c502fc36a0 + +https://preview.redd.it/ltliyxzktnk81.jpg?width=2323&format=pjpg&auto=webp&s=58af2c4872107b27be630f633e5780aca7e9864e + +https://preview.redd.it/k52deyzktnk81.jpg?width=960&format=pjpg&auto=webp&s=51ef50d5eba45a4ffa394e5b6bed2bcdfd33861e + +https://preview.redd.it/axwdrzzktnk81.jpg?width=1080&format=pjpg&auto=webp&s=ce1f602331aa5c887600d65f13f35dd930d0186c + + Feel free to destroy my theory, poke a hole in it and provide constructive criticism. + +HODL and DSR +I'll admit, this on won't work for everyone. But it will work for *most people*. + +Step one: take a deep breath, remember that your value comes from who you are not what you own, and remember that people *like* helping other people. + +Step two: message all of your family and friends, and mention that you would like to offer them a trade: "Money has been tight recently, I'll take all your clothes to the donation center for you, if you don't mind me looking through them first." + +If your family, friends, and coworkers are anything like mine you'll have quite a few people who buy too many clothes and know they buy too many. These people will watch daytime tv telling them how to clean, gather a bunch of their unwanted items in bags, and then never actually go donate them! + +Hell, it's such a common occurrence that even John Mulaney did a bit about it. + +Don't think you have to be *exactly* the same size either. You'd be surprised how many "oversized" sweaters and "fat pants" people will have lying around that they haven't worn in years. And if you're a bit handy, even complete misses can be cut up and made into patches, washrags, or stuffing. + +The final part of this tip is the most important, remember: people like helping, and they *love* hearing that they successfully helped. + +No matter how many clothes you ended up keeping/getting rid of, send or say a genuine thank you to the person a week or two after. + +Mention it was a big help, and how it positively impacted you (reduced stress, helped save for bills that month, got cat's surgery with extra money, etc.) If they're anything like the people I know, they'll be thrilled and offer to do it again sometime. + +And that's how I haven't needed to buy clothes in years. +I made a call today to Computershares new hotline ( + 800 3823 3823). + +&#x200B; + +My main objective was simply to find out what can be done to transfer my shares from eToro to Computershare, or if there is a workaround to eToros bullshit refusal to allow share transfers. + +The representative I spoke to told me that this was a subject that had come up several times today already, and that they are working on it. She was very nice and professional. But when asked about why I simply didnt DRS, I told her about eToro and their TOS. She told me flat out that **"Not allowing you to DRS by citing their TOS rings massive alarm bells with us."** + +Furthermore, I asked about allowing international apes (I am from Norway, specifically) to setup a CS account directly, so that we can do a sorta/kinda workaround by selling our shares on eToro, withdrawing funds, and deposist and re-buy our shares in the shortest amount of time possible. + +&#x200B; + +Now, this idea is not new, and as many people have pointed out, selling your shares to re-buy them on another broker is not a good idea. And I must agree; I will run the risk of missing the moass during that time window. But here is the thing; *I dont think eToro has my shares. I think they will fuck me anyway.* + +Every time they have been pressed on the issue they have given a non-answer. They "Cant DRS because TOS". **But that TOS** **breaks. the. law****.** Why would they not relent on this after all the pressure they have been getting? Because they cant. They dont have the shares, and it is waaaaay to costly to start buying em now. They also removed the buy button in January, just like RH did. + +&#x200B; + +The CS representative told me they would call me up later in regards to seting up an account, so now we know they are at least working on a solution to allow us to do that, wich is great news for us euroapes. + +&#x200B; + +I'll update if I get any more interesting info. + +mods, just update the flair if this one doesnt fit. + +Edit: as of evening 9th of Decemeber; I aint heard shit. Gonna call em again when I get the chance +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! + + + +Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources told CNBCā€™s David Faber. + +The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources said. + +The lockup defines a period of time after a company has gone public when early investors and company insiders cannot sell their shares. That ensures the IPO is carried out in an orderly manner and does not flood the market with additional shares. + + + +JPMorgan Chase also plans to sell a Rivian share block of between 13 million and 15 million for an unknown seller, sources told Faber. Both blocks of stocks are priced at $26.90 a share. + +Shares of the EV manufacturer have plummeted by more than 50% in the first three months of 2022, reversing course from the fourth quarter, when the company held itsĀ stock market debutĀ and saw its value skyrocket. + +[Ford declined to comment, when contacted by CNBC.](https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html) +I remember Bill Gates said in one of his books that years from now, the next big companies are probably the ones that don't exist at the moment. + +20 years ago, we didn't know that Social Media, Electric Cars, or Search Engines will be that big. Now, Facebook, Tesla, and Google became one of the largest market cap in the stock market in less than 2 decades. Compared to Apple, Microsoft, Amazon that existed way back before the year 2000. Although, I think we can include Amazon since they leveraged the internet at the time when people found it fad. + +What do you think are the type of companies or industries that we didn't expect that they'll be that big 20 years from now? +Fidelity removed option to select "All or None" when choosing IEX (or XNYS) exchange while placing 100 share order through Directed Trade. + +&#x200B; + +https://preview.redd.it/m68zoz59u6381.png?width=1254&format=png&auto=webp&s=864e7125382cab9253b8166316947d582567a5a3 + +Before IEX, I used to route 100 share buy orders through XNYS and selected "All or None" option. But now they removed it when selecting XNYS or IEX, and you can only choose "All or None" when you select route to AUTO. + +&#x200B; + +https://preview.redd.it/8hd533luw6381.png?width=1269&format=png&auto=webp&s=e104c7298b169a86ef9542d4de5703e74af99db2 + +This way they can break down 100 share orders or send them to Kenny to not affect the price. +The worldā€™s Billionares (not even counting all those broke ass ā€œalmostā€ billionaires with $800-900 million) **are worth a combined total of $13.1 TRILLION,** +##**and they increased their wealth by $5 trillion in 2020 ALONE** + +https://abcnews.go.com/Business/wealth-worlds-billionaires-rose-trillion-amid-pandemic-forbes/story?id=76897870 + +(I should mention this is their REPORTED net worth- and we all know that what the reported numbers are is minuscule to what theyā€™re hiding.) + +For all you smooth brains out there **thatā€™s the equivalent of 238,000,000 people worth $55,000.** + +These people didnā€™t get that rich from the sweat of the brow... You only get that rich from cheating, stealing, or exploiting resources (whether that be natural resources or human capital). + +Even if their net worth never grew a penny more, +##**they could lose $10,000,000/ day 3,589 YEARS** +before they would be broke. + +##Time to start bumping those $10,000,000 floors up! + +Those are rookie numbers! **$10,000,000 is the change they can find in the cushions of their couch, or in the pocket of an old coat.** + + +##I mean itā€™s one banana, Michael what could it cost, $10,000,000? + + +Edit: + +Iā€™m getting a lot of paperhands saying ā€œBuT if alL 70 MiLlIon sHarEs sOlD fOr $10,000,000. tHaT woUlD be $400 tRiLlIoN!!ā€ + +Get it out of your head that all the shares will sell... first of all, 70 million is the outstanding shares, only the float can trade. Secondly, get it out of your head that every share in the float must sell, or that you must sell every share... +Even if you sold a single share at $10,000,000 and never sold another share at all, it would still be far better than selling 100 shares at $50,0000, or 50 shares at $100,000.. + +I will be holding for the infinity pool, because of the whole reason I bought to begin with, I like the stock. +As title states, this was discovered months ago when the first gmerica tweet went out. The owner of the domain is some random from Colorado USA*. If you sort by new, people are freaking out that it is redirecting to some Roaring Kitty videos. Itā€™s stupid easy to have a website redirect somewhere else. So, calm your tatas. Someone probably stole (bought before really) the domain from GameStop themselves forever ago. Relax and think critically before getting too much hit of the confirmation bias. + +Edit: Domain owner info is set to private per whois database. The registrar is based in Colorado, USA. The IP address it resolves to belongs to a Softlayer Technologies who are based in Dallas, TX. They appear to be a hosting provider. The fact that they are based in DFW is probably pure coincidence. Server itself is an nginx based web server who has a 301 redirect to a Roaring Kitty video. + + +I just started my second job in my field. I have a Masters in Urban and Regional Planning. I previously worked at a non-profit and enjoyed it for the most part. I left that role to move closer to my girlfriend, who still lives an hour and a half away from me (though she used to live a 4 hour flight from me). + +I currently work for a city doing policy planning, and there are definitely some positives. Itā€™s a nice office downtown and there are some people I really connect with. I walk to work. At the same time, there are lots of days where I feel like I donā€™t have a ton to do and itā€™s really hard to book meetings with my supervisor, get feedback, and get more things added to my plate. Anyway Iā€™m realizing that this is kind of the norm in offices. The work I do is important but I wonā€™t see it realized for years. The only route for me to aspire to is management, and I really have no interest in that. The other thing is all of my coworkers have recently bought houses, have had kids, and thatā€™s all they want to talk about. Some of them see the office as a place to show up, and then leave from as soon as the clock hits 4:30. I think itā€™s important to be surrounded by people that are different than you but I have no desire to have kids, buy a house, or kid married, and I donā€™t think I will in the future. My girlfriend is in the same boat. I find that aspect of the culture annoying. For example, a colleague corrected me in a condescending way when I referred to her husband as her partner yesterday. I was under the impression that was the most polite way to refer to someone when you arenā€™t sure. Anyway. + +In my previous role, I worked with lots of people who were super enthusiastic and the days would go by quickly. We would eat lunch together. I shared an office with one other person so I didnā€™t feel like people were watching over me. Now I can overhear everyone at all times and vice versa. Iā€™m realizing that this is much more the norm than my previous role, and this is what Iā€™ll be looking forward to for the next 40 years. + +Iā€™ve always been a lot more interested in graphic design, art, and that sort of thing. I paint on the side, do music, and take photos. Iā€™m considering becoming a landscape architect, architect, or graphic designer. There are a few options and so I wanted to get your feedback. + +My current financial situation is 70k saved in liquid assets. No debts or monthly payments. Renting in a medium cost of living area. + +**Option 1 - Save away for Traditional FI/RE** + +Plug away in this sort of career for the next while, try to save as much as I can and hopefully retire early. I might be able to transition more to an urban design role if I do a certificate part time. Maybe start a business as a consultant when I get more experience on my belt and set my own hours. I could try to find work that is part-time or aligns more with my lifestyle though itā€™s seeming unlikely. + +**Option 2 - Career Change - No FI/RE** + +Stick it out for a year, save more money, earn my professional designation, and then go back to school for landscape architecture or architecture. I work with a few people who do this sort of thing, and their work seems more interesting. Iā€™m worried that some of the same problems would rear their heads with this though (too much of a corporate culture, sitting at a desk all day, etc.) I also would achieve FI/RE at a much later time. Going back to school would eat up my savings and earning potential. + +**Option 3 - BaristaFIRE** + +Try to work as a freelance graphic designer. Study on my own time, build up a better portfolio, find clients. Stick with my role until I learn the ropes. Set my own hours and that sort of thing. Maybe pick up some longer-term positions if I feel the need to. Iā€™ve known graphic designers and have been to some of their offices over the years and it seems like the office culture for that kind of work aligns much more with me. I used to do fiddle around with InDesign in my own role fairly often and this is when I was happiest. + +**Option 4 - alternative BaristaFIRE** + +Try to find work outside. Look at working in a National Park. I did that one summer and loved it. My degree is relevant to some of the positions there. The only problem is that most great parks are super far from my family, and Iā€™ve already been far from them for most of my 20s and feel guilty. I probably wonā€™t achieve FI for a super long time but I would enjoy my life more. I would pick up temporary or part-time gigs here and there. + +Any thoughts? I know this is all cliche, but I feel like now is the time to try to this stuff. Iā€™ve been in school or working my entire life, and Iā€™ve managed to save up a lot. I donā€™t have kids or other commitments, and I donā€™t plan to, so I donā€™t feel it necessary to put on the golden handcuffs. + +**TL;DR** having a quarter life (one third life?) crisis and I want to go the baristaFIRE route or at least switch it up +Today I went to go buy a car I have been looking at for a while. It was listed at $21,000 and they offered me $5,500 for my trade so that would have made the cost $15,500... right? +Well they go about doing the numbers with the good cop bad cop scheme with the manager and come back to me with $425 a month for 72 months. I totaled that up and it was $30,600 and I'm like... what the hell. I asked them what the interest rate was 3 times and they looked at me like I was the dumb one. Granted I am a 24 year old woman, I know what an interest rate is. +Can someone check my math here, did they just try to offer me a 100% interest rate almost?? +I stood up and walked out of there without giving them another word. They have been texting and calling me but I am so appalled. + +Edit: Credit score is 580, trade in is paid off. Me and my husband bring in $4K a month. Also they tried to get me to not put him on there and only use my income because he has no credit yet. +I was looking at a brand new honda. They said a lifetime powertrain warranty was included. + +Thank you for everyone who gave me good solid advice. As for the people saying I should keep my car, I cant. It's a 2013 Ford focus and the transmission is shot. Ford says there isn't anything wrong with it. There is currently a class action against them. +I don't know why my credit is low. I paid off my last car with no late payments at all. I have a couple credit cards that I pay on and have never been late and some hospital bills that I refuse to pay. So I don't know. + +And to all of the rude people going through my comment history and harassing me, go find something else to do. +Sorry for going missing, I had to be up at 5AM to work! + +Some of these comments are making me feel like straight shit though. In my part of the country we don't make a lot of money. I'm a college educated certified CPhT not a fucking fast food worker. +Iā€™ve been reading this sub since 2015 and with the encouragement of my partner, finally decided to post. Throwaway so I can share #s and answer your questions. + +Background: daughter of two immigrants, I was born outside the U.S. but raised here from a young age. My parents are some of the most disciplined and frugal people Iā€™ve ever met - probably due to growing up poor in rural India. We were low income as I was growing up but my parents worked hard and are solidly middle class now. I got what I needed as a child but rarely anything more. + +College: Luckily I loved school and got good grades. Landed a generous scholarship and went to a small liberal arts school. Thinking I wanted to be a lawyer, I got the equivalent of a poli-sci degree. Graduated at 20 years old, and became the first person in my family to get a college degree. + +Post college: Had a crisis while taking the LSATs and applying to law school. Decided being a lawyer wasnā€™t going to be for me and withdrew my applications. + +So at 20, I had a network of 5k, a ā€œuseless degreeā€ and no direction. This was the first time in my life I felt aimless, without school to guide me. But, thanks to my on-campus job in college, I had a few thousand dollars to my name. + +I had the realization that when your parents work manual labor jobs your whole life and havenā€™t gone to college, you donā€™t get a road map like other kids. I had no idea how the corporate world worked. But I was willing to work hard and learn, because thatā€™s what Iā€™d learned from my parents. + +Start of my career at 20 years old: +- Left the suburbs where my family lived and moved to a HCOL city nearby. I got a job as a content writer at a startup paying 32k a year. +- I was barely scraping by this time and without the help of my partner, I literally wouldnā€™t have been able to pay rent. + +Lucky break during this year at the start up: I discovered FIRE and realized how much it aligned with my values, and how much I was already living that lifestyle. My partner and I were already sharing a 500 square foot studio to save money. + +From there, my goal became to grow my income and stay frugal (not that I had a choice with my income at this time lol). My partner was 100% on board and to this day, I consider that my luckiest break of all: I met someone whose financial values align with mine. + +Job changes and networth for the next 5 years: + +- Content writer (32k) &gt; contract role doing content (40k) &gt; got converted from contract to full time in marketing dept at the same company (53k). + +These two years were HARD. My budget was strict and had almost 0 discretionary spend. Still sharing the same studio apartment with my partner. But I worked hard to prove my value at work and saved every penny I could. Networth went from that initial 5k to 50k over two years, thanks to lots of stock market growth. + +- Left the company where I was making 52k &gt; to take a contract marketing type role at Microsoft (74k). This move was entirely to get the big name on my resume. + +Thanks to four years of scraping by, STILL living in a studio apartment and a really strict budget, I broke 100k at the age of 24. + +Finally started to indulge a little in ā€œfunā€ purchases like coffee shops and date nights. + +Early 2018: +- Started applying to content marketing roles at FANG companies. I had Microsoft on my resume and a better understanding of what non-tech roles existed at big tech companies. +- After 5 months of rejections, I landed a FANG job with a salary of 130k!! +- Had to relocate to another state for the job +and it was now mid-2018, and my net worth was just about 150k. + +Moved into a 1-bedroom apartment for the first time. Expenses went up in my new VHCOL area but my salary increase offset that. + +Been at the same company for 2+ years now and went from 130k to 150k in total comp thanks to two generous raises and working hard to be a ā€œtop performer.ā€ + +Hit a net worth of 300k this week. Having a high income, spending less than 40k a year in a VHCOL area, a generous employer match, and the ā€œtrump rallyā€ all contributed. + +The last 7 years have felt like a whirlwind. I didnā€™t even learn English until I was 5 years old and now Iā€™m working at a top tech company. + +The events of the last few months made me feel compelled to share my journey and maybe inspire other people on the FIRE journey who are minorities, donā€™t come from a secure background or are struggling through the corporate world. I feel INCREDIBLY fortune to be in this position. + +Anyways, thank you for letting me share my story with you all. Ask away if you have questions and Iā€™ll do my best to answer throughout the day. + +Edit: spelling. +I purchased a 2bed 2bath on this May. Iā€™m single, and I travel a lot for my job. I wonder if itā€™s legal to rent out one of my rooms to someone? I remember reading some mortgage documents stating that I shouldnā€™t use my property as rental for 2 years. The rate that they offered was for primary residence. My questions are: +1. Does IRS care if Iā€™m renting out part my primary residence? +2. How should I classify my property as? Still primary residence? +3. Is that risky to do that? What if the lender find out Iā€™m renting out a room? + +Thanks for your attention! +As grizzled Canadians, we intimately know the pains of the US Dollar exchange rate... and it looks like the USD just keeps getting stronger. Most would say that it's because the US Fed keeps raising interest rates, but so is the BoC. + +I've heard this theory, "Dollar Milkshake Theory" and I kinda think it's true: + +The theory, coined by Brent Johnson, CEO of Santiago Capital,Ā envisions a scenario where the US dollar sucks up liquidity from other currencies and countries worldwide. The dollar is now much stronger against most currencies. + +Lots of videos on YouTube where Brent talks about his theory, too. + +I certainly wouldn't rule out USD going to $1.50 CAD even in normal circumstances... what do you guys think? +\*\*Warning: This is a very risky play, trade at your own risk\*\* + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +[First Mention](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/) + +[Short Squeeze Explanation and Initial Thoughts](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/) + +[Timeline and Predictions Around Earnings](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/) + +[GME Short Squeeze What Comes Next Part 1](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/) + +[GME Short Squeeze What Comes Next Part 2](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/) + +[GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/) + +[GME Short Squeeze What Comes Next Part 4 (Micro Update)](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/) + +[GME Short Squeeze What Comes Next Part 4](https://www.reddit.com/r/stocks/comments/lrxbvv/gme_short_squeeze_what_comes_next_part_4/) + +[GME Short Squeeze What Comes Next Part 5](https://www.reddit.com/r/stocks/comments/lsq77k/gme_short_squeeze_what_comes_next_part_5/got0r0z?utm_source=share&utm_medium=web2x&context=3) + +**Has the Squeeze Been Sqoze? Absolutely not** + +**Will the squeeze be sqoze? Potentially** + +**Strap in. This is going to be exhaustively long, but I have a lot to say.** + +**Please** see my other work. I'm not here to convince anyone of anything. I am not a shill, I am not here for confirmation bias, I am a pragmatic, neutral party. Anyone who calls me a shill in the comments certainly cannot read and did not do their proper DD on **me.** If you read my previous works dating back 3 months ago you will see how terrifyingly accurate I have been thus far. Even in Part 5 I nearly perfectly predicted all of Friday's entire movements. + +**Note:** That does not mean I will remain accurate for the entire duration of this saga. I also am not saying all of this to flex, it's because I am tired of being called a shill when I was the original predictors of this squeeze and have since provided logical thought that has been proven accurate. This doesn't mean you should take what I am saying as truth, but it does mean that if it doesn't align with your thoughts you should probably put down the kool-aid, loosen up the tin-foil hat, and listen to someone else's opinion so you can make the best decisions for yourself. + +I am not a financial advisor, in fact, this isn't even advice. It is simply my analysis of the situation as it has always been. One thing you will find different with my work than others is my research is changing as the landscape changes. If people are still screaming about the original tactic and not acknowledging the new landscape we are in, please be very cautious of making financial decisions based on what these people have to say. + +**I also want to make it crystal clear that I think the squeeze has not been sqoze, however, the landscape is very different now.** + +Finally, any PTā€™s including support and resistance are beyond difficult to predict. Please do not take these as certain numbers. Itā€™s the guess right now and that very well could change as soon as the market opens Monday. + +# So What Happened Friday? + +For the sake of this not being an entire novel, I encourage you to read Part 5 as I think that prediction is precisely what happened. To summarize, we saw a bulltrap open us up in the morning and we ran to the 135 resistant point, volume wasn't enough and we tested in twice before people realized we would not be able to break through, that's when selling and more shorting occurred. The price dipped down to around 88. Now, I didn't mention this in the DD but I did mention it in the comments section that I expect interesting price action around 2pm. Why? Because of the call options expiring ITM. + +I think these shares were already covered. I know we expect a higher price increase, but why? Where is the math to back that the price should go higher during these covering sessions? + +Total Options That Expired On 02/26 ITM: **22,713** [Data from here](https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows) + +This would equate to **2,271,300** shares + +At **13:02** the price fell to **\~86,** this was the bottom before the upswing at the end of the day. By **13:07** there was a volume of over **20,000,000** in the buying direction. + +Not 5 minutes after we found the bottom for the day there was nearly 9x the amount of volume required for every single one of these options to be covered. + +At **13:07** alone there was a positive net change in volume of **17,656,000** nearly 8x the amount of volume required for every single one of these options to be covered...within 1 minute. + +The rest of the day continued to uptrend where we saw the price rise back to **\~121**. Then it began falling off again, as did volume. + +Now, ask yourself...why would this be the case? Because none of the price increase at the end of the day was organic purchasing, this was the ITM calls being covered. + +*At this point I'm sure you're ready to stop reading and call me a shill, but I encourage you to carry on so we may understand what comes next. This may not fit your narrative, and that's ok. A squeeze is possible, it might just be time to think that it won't be happening quite the way you imagined.* + +# Before we move on to what comes next, let's play with a few more numbers and talk about this idea of holding. + +For some reason, people still believe that holding your shares is preventing HF's from covering. I cannot express how untrue this sentiment is. Holding is a valid play, but it absolutely **should not** be an attempt from keeping your shares from being bought by shorts. A 5 second look at any chart could show you there is **more than enough** sell volume for shorts to get their shares elsewhere if you are not willing to part with them. + +Let's take the largest post on r/gme as an example. + +The top post of all time received **59,600** upvotes. According to the comments most people are actually holding only about 1-10 shares each. But for the sake of the argument let's get ridiculous and say every one of those upvotes has someone who owns **100** shares of GME. Let's also assume every single one of these shares have been restricted from being borrowed to really screw these guys. + +That's a total of **5,960,000** shares that are being tucked away so HF's can't get their grubby little paws on them. On Friday alone, **91,960,000** shares were exchanged. So even in the most ridiculous of circumstances there were plenty of other sellers for shorts to purchase their shares back from. + +Holding is certainly a valid play, but there are two things holding certainly does not do: + +1. It does not increase the price of a stock +2. It does not prevent HF's from covering + +If you are holding solely because of these two reasons, then you are playing this wrong. There are three reasons to actually hold: + +1. You absolutely do not want to sell at a loss and you believe the short squeeze is imminent, so you are patiently waiting for it to occur. +2. You are already positioned extremely well like DFV who has a cost basis of 26.7896 +3. You are long on the company and the squeeze is just icing on the cake, you can shut off your computer for a year with no concern and come back to know that you are profitable. + +**If you don't believe me, then please examine the evidence.** + +When you purchase a stock the price goes up, when you sell a stock the price goes down. So what happened when RH restricted trading? The price plummeted. Why? Because holding and selling were the only options. + +Let's play another absurd game and pretend that 100% of shareholders held when trading was restricted. The price would have gone completely sideways, it would not have gone up or down. + +But let's be realistic, that will never happen. Even if retail traders decided to hold, institutions certainly are not running around screaming that they are diamond handed apes who would rather go bankrupt before giving their shares up. No, no. They are going to take their profits and they will do so at your expense. You call them allies which they are not, they are here for profits as we all are and they will gladly sell with 100% gains while everyone else is waiting for 10,000% gains. + +I want to pause for a moment in this DD and take a moment to point something out. Even though I'm not trying to convince anyone to sell, I have been called all sorts of names as though I'm evil for offering my opinion and analysis of the situation. But let's be absolutely clear. **You are the ones peer pressuring people into holding. You are the ones trying to convince people of your narrative. You are the ones who will be responsible when someone takes their life if this does not go the way you hope.** + +If you have made it this far, congratulations, I would love to have a discussion regarding the "hold" play and how people could argue this is a viable tactic for any of the reasons not outlined above. + +# My Thesis + +My thesis remains the same, **the shorts want a short squeeze.** Yes, this sounds absolutely absurd but they are already making a fortune off of this. They need to as most of them lost a lot of money on the first round. They are reporting their losses publicly...but they have not disclosed their gains. + +I think they are intentionally opening unfavorable short positions in order to trigger a squeeze. They open and immediately begin to cover creating the much needed buying pressure that triggers FOMO and market purchasing as well. This allows the price to soar and they absolutely do not intervene. + +Once it reaches a massive sell wall or what they think is the peak, they begin shorting on the way down, opening new, extremely favorable positions. The gains from these new positions offset their losses from the unfavorable ones...by a lot. + +Institutional traders are not stupid, they see this is happening and also capitalize on it adding to the buying pressure at the beginning of a squeeze. They ride it up and they are part of the massive sell walls. As I mentioned before they are more than happy with their 100% gains in a day and have no intent on diamond handing this into the Earth. + +So institutions ride it up, sell at the top, where shorts begin opening new positions on the way back down. They then short just enough positions at the bottom so that this could be triggered yet again. Rinse and repeat. + +I think the idea of the [Interstellar Yo-Yo](https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/) was very close to being accurate except it was missing one key component, "Snidely" in the story is *intentionally* doing this. + +A circumstance like GME will never happen again, when this is all over there will be new regulations in place that don't allow these kinds of things to happen. Institutions and HF's would be out of their mind to not profit on this for as long as they can. + +So my thesis is suggesting that there will not be one massive short squeeze but instead a series of squeezes before this thing finally runs out of gas or is regulated into the ground. + +**Let's think about that for a moment.** + +If your original PT on GME was $1000, you are already almost there. + +The first squeeze took the price from \~$12 to \~$500, \~$488 increase. + +The second squeeze took the price from \~$40 to $200, \~$160 increase. + +So, already GME has increased around $648. You are now only a $352 increase away from your $1000 PT. + +**Is a massive short squeeze still possible?** + +**Yes.** However, so much of the DD floating around is all talking about *possibility* but we as investors don't care about that. We care about *probability.* + +So what is the probability of a massive short squeeze? Well, there would need to be a significant catalyst like we had on the first go around such as Cohen joining the board. I think there are still several catalysts which I outline in [GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/). There could very well be new catalysts that I have not mentioned since that post, such as Cohen getting appointed CEO as I have learned many believe based on his Tweet. + +Let's talk numbers. + +There are two very important numbers that need to be broken for a massive squeeze to be possible. + +$170 - This is the upper limit of the downward channel and if this is broken not only does it indicate a trend reversal and potential massive bounce, but there is little to no resistance to take us to the next important number. + +$200 - This is a MASSIVE sell wall. Why? Well, I think this is where a significant amount of shorts are positioned. Probably not right at $200, they probably shorted \~$205 but absolutely do not want anyone to break through that wall. + +If this sell wall falls, it could prove to be an incredibly massive squeeze *however* it would need to rise a decent amount beyond the $200 wall and maintain that price point to force shorts under for a long enough time period. + +If this happens, it will begin a domino effect of the well positioned shorts chasing them all the way up to the shorts who entered over $400. At this point, FOMO + shorts covering could certainly drive the price well over $1000. + +**But what is the** ***probability*** **that this will happen?** + +Without a catalyst or an enormous amount of volume. + +Let's consider the first squeeze and volume for reference. + +**Jan 22nd:** This was the highest volume at **197,157,900,** the high was 76.76 and the low was 42.32 + +Absolutely insane volume, but it didn't move the price all that much (I mean at least in comparison to other days) + +**Jan 25th:** Volume **177,874,000 H:**159.18 **L:** 61.13 + +**Jan 26th:** Volume **178,588,000 H:**150.00 **L:** 80.20 + +**Jan 27th:** Volume **93,396,700 H:** 380.00 **L:** 249.00 + +**Jan 28th:** Volume **58,815,800 H:** 483.00 **L:** 112.25 + +**Jan 29th:** Volume **50,259,200 H:** 413.98 **L:** 250.00 + + +See the pattern? + +**25th:** 177M volume to nearly triple the price (160%) + +**26th:** Even more volume to only double the price (87%) + +**27th:** Half the volume for a 52% increase + +The volume decrease is directly proportionate the the price increasing/decreasing, with the exception of beyond the 28th as trading was restricted. These first two days were crucial to triggering the squeeze. + +The 28th and beyond trading was restricted, but if everyone could only sell or hold, why wouldn't the price immediately fall? How could there still be support? This was shorts covering. Between just those two days there was \~109,000,000 shares exchanged where nearly everyone could only sell. A *perfect* time for shorts to cover. + +**But I thought when shorts cover the price is suppose to go up?** + +Absolutely...if trading wasn't restricted. Because virtually everyone could only sell, this means that almost all of the shares that were exchanged during these days was purchased by shorts and sold by panic sellers escaping the trading restriction FUD. + +So, as strange as it seems, I think the price going up was *some* shorts covering but for the most part, I think they covered while the price was falling. I know this *seems* counter-intuitive, but regardless of the amount of shares that needed to be covered, the amount of selling was able to drive the price down *while* they covered. Again, think about how there possibly could have been any sort of support while trading was restricted, *someone* was buying massive amounts of shares as the price fell...and it wasn't us. + +**So, Hooman, if you think they covered already then why do you think a squeeze is still possible?** + +Because of my thesis, entirely new shorts opened entirely new positions. Perhaps some of the old HF's also did to try to recoup some losses. Last week we *almost* forced this to happen all over again, but a TON of new shorts opened positions and the sell wall at $200 prevented us from tipping that very important, very first domino. This isn't the same landscape we were in where shorts were poorly positioned at very low numbers and we were able to catch them with their pants down, this is a different situation entirely. + +That situation is *still* squeezable. The question is...how? + +Volume. Volume. Volume. +Sheer and pure buying power. + +We would *need* those first two very important days to happen again and push us past that $200 sell wall AND hold us there in order to force the well positioned shorts to close. We were so damn close but couldn't quite break it. This is precisely why my predictions for Friday were so accurate. + +A catalyst, a whale, large global sentiment again, FOMO; there are A LOT of different ways this is *possible,* but as I mentioned before; we as investors deal with *probable.* + +In one of my original posts, long before this became a meme stonk, I literally used the word **imminent** in the title, that's how sure I was that the data and catalysts were aligned to create this perfect storm. If you now notice, all of my titles are **What Comes Next?** That is because this is the honest truth: literally no one knows. Why? Because third part intervention is now required for this to be possible and global sentiment and FOMO has worn off, more than that a lot of people have been burned and all the people who are still willing to play this stock are already bagholding and no longer have the capital to help with momentum. + +This has gone from a sure thing, **to a straight up gamble.** + +If I had to give it a probability, which I really don't want to do I would have to say 50/50. There is nothing significant pointing to anything that could get us past $200, but it is still *possible* with catalysts and other factors. + +What appears more likely is that this will be a series of squeezes up until it is regulated to death, people get bored, or a catalyst pops the MOASS's. + +But you *can* be certain of one thing: **this will end.** + +It does NOT have to end with a MOASS, but it might. My guess is that if there is no significant catalyst that ignites the MOASS by April, then this will be on pause. The interesting thing is that the *possibility* of a MOASS might never go away, but as time passes the *probability* lessens. + +The reason for my April guess is that is the end of all of my upcoming catalysts that could act as triggers. It is very possible that this thing cools down after that, shorts enter unfavorable positions, and then Cohen makes huge changes that starts this thing all over again a few months later. + +That being said, I think the most *probable* outcome is a series of squeezes that quite frankly, we are just along the ride for. There is no where near enough retail buying power anymore to force anything to happen, we are at the whim of institutions and big players who are deciding what comes next. How are they getting away with this? **You.** So long as the world things that Redditor's are the reason this is happening, they can continue playing. + +# I've Been Asked By Many of You to Examine the DD posted by u/HeyItsPixeL + +[The DD can be found here](https://www.reddit.com/r/GME/comments/ltua0n/endgame_dd_how_last_weeks_actions_all_come/) + +*Disclaimer: Both myself and this author are completely guessing as is everyone else. You should be reading everyones take and drawing your own conclusions.* + +**Overall Impression:** Well done DD. There was a lot of work and effort put into this and the assumptions were data driven. I will say, there is a hint of biased mentality here using the data to fit the author's narrative. From a more objective point of view, this simply could have been shorts shorting. From a less objective point of view, it could fit support my thesis of shorts wanting these microsqueezes. Let't go as chronologically as possible. + +"On February 23rd GME opened at $44.97. Within the first few seconds GME reached its Day High of $46,23. GME also reached its Day Low at 9:50AM. So within 20 minutes after the market opened, GME reached its high and its low for the whole day!" + +"**Conclusion:** Someone got the price down by 10 % within a couple of minutes but the same someone got it instantly back up after that, making it seem, that their solely goal was to get GME on the SSR for the next day while trying to avoid a panic sell off by dropping the price too low. And that is really important now!" + +**My take:** I actually find this quite compelling. Either this was an institution attempting to bait out shorts while preventing a panic sell, or it fits my theory that this was actually a short who wanted a short squeeze. Both ideas are equally nuts, but we live in crazy times. + +"**TL;DR:** Hedgies vs. unknown Institutions (UI). UI set everything up for a gamma squeeze and need the price to close above $50. HF know and don't want that to happen and keep shorting the shit out of GME to keep it below $50. Both sides waiting for the other one to do something. Battle will start shortly before the market closes. Just a theory, no advice, ape hoping for banana šŸŒšŸ’ŽšŸ¤²" + +**My Take:** I agree. Large institutions are in this and want a squeeze as much as we do. Either that or a whale buyer like Chamath. I also agree with the $50 assumption, as that was a clear battle ground. Where we disagree is I think that last week was in fact, the gamma squeeze. However, we did not have enough volume to continue off of the gamma squeeze and tip the next, more important domino at $200+. + +"On February 25th, there was a short volume of AT LEAST 33,000,000 to 51,000,000 Shares (highest report). " + +**My Take:** Well, first of all I really wish there was a link to this data. But let's go with Fintel's data that shows 33 million short volume on 02/25. If you look at the chart for 02/25 there are two very clear moments where this volume occurred. My guess would be these shorts are positioned between 140-180. This is one of the reasons I have been saying that the **135** resistance is a key point. If this domino can be tipped it will drive us up to the **170 and 200** point, but will we have the volume to break through those gates when we get there? I'm not sure. I mean, I hope so! But I'm not sure. + +**Anything about naked shorting or what the actual short interest is or where the shorts are actually hiding, I'm not even going to touch.** Why? Because it doesn't matter. + +This goes back to my original point, everyone is running around trying to answer the wrong question and prove that the squeeze has not been squozen. But who cares? I think 5 minutes of research can show you there is still an immense amount of short interest in this stock. What we need to be asking is WILL the squeeze be squozen and if so HOW? + +**March 19th:** Including the options chain, XRT data, FTD's, etc. I think this date could in fact act as a catalyst. But that's about it. To me I would just add this to my list of potential catalysts and not think much of it. There is a lot of good information backing this theory, but there is a whole lot more theory backing this theory. In my opinion, this date should just be added to list of potential catalysts that could either A: spark the MOASS or B: It could be the date of another microsqueeze. + +**"MY Conclusion**: The squeeze is inevitable." + +**My take:** Absolutely not inevitable. Certainly possible. + +# Monday Predictions + +Again, this is not including any unforeseen catalysts that could kick this thing off. I can't express that enough. That is why holding is gamble that could really go either way. If something happens whether we see it or not it could send this thing skyrocketing. My predictions for Monday are based on no new catalysts. + +Virtually, I am expecting a repeat of Friday that could end differently. + +**Open:** I am expecting a sharp price increase at open, volume again will a key indicator as to which direction this is going to go. + +I imagine we will struggle at **115** resistance but we can hopefully blow through that, the real test will come at **135** resistance. + + If we reach **135** and blow through it, then this gets very interesting. I see the next resistance points at **150, 155, and then the really important ones of 170 and 200.** I already explained that if we surpass these limits we are setting up nicely for a MOASS. + +If we reach **135** but volume is too low (if you're not sure how to gauge the volume keep an eye on how many times we retest it). If it takes more than two attempts, without a significant volume boost I can't imagine us being able to handle the more difficult resistance points. + +**Shortly after Open:** My guess right now is still before 10:00 (but it could go later in the day if I'm wrong about people covering on Friday) if we have not broken through those early resistance points, I think the slow bleed will begin. + +My bottom PT is somewhere between 60-80. + +Once we hit this mark, it gets difficult to predict. No one understands at all how the market fairly values this stock. The closest I would say would be 40-50 since thats where the greatest support we had was. It is entirely possible we see a bounce from the 60-80 price if shorts use this opportunity to cover, the market see's it as a good point to enter and ride the wave, or if GME is now simply valued at this price due to the management changes that helped kickstart this second wave to begin with. + +After that, it's a blur. This truly is a day to day stock to analyze and sadly I cannot provide this kind of DD every single day. I don't have work Monday so I'm considering live streaming this. + +# So What's Your Play Hooman? + +Now, some of you will call me a shill\_or\_whatever but I simply have a different tactic. You might believe in the MOASS, but I'm not certain I think it's *probable.* So I will be playing these mircosqueezes instead. + +I mentioned in my last post, I have a really nasty wash sale. From what I understand, this is simply for tax purposes but my cost basis is still being increased by $100. IE if I purchase the stock for $80 my cost basis will be adjusted to $180. I'm still unclear on how this works, if someone could clarify in the comments section I would absolutely love to continue playing this stock. I will be spending the rest of today attempting to find this answer on my own time as well, so if I'm not responsive to the comments like I usually am, please understand I am attempting to prepare for this week. + +So...as long as the wash sale isn't an actual reflection of my real price, then I will buy as soon as the market opens. I will wait until we see how we handle resistance and if it looks like we have a shot at winning, **I will buy more there to fight the good fight**. If it looks like there is nowhere near enough volume and my purchase won't make a difference, then that will be my indicator to sell. + +**This part is vital:** If you are SELLING at the resistance points, you are hurting the cause. BUYING at these points is what will break through the wall. But if we make multiple attempts and cannot break through and it starts falling, then you might as well profit. You holding won't change the fact that we couldn't break resistance. **I can't stress this enough**. If you simply sell when we hit resistance, you will be part of the reason the squeeze doesn't happen. So either holding or buying will help push the price up at these targets, but if it is lost no matter what you do, then sell and prepare for another attempt. + +Once it gets below 90 I will start scooping up shares again, averaging down with the price (I do this instead of going all in trying to predict the bottom). + +From there I will wait to see if that second bounce does in fact happen again. If it does, I will sell at whatever I think the top is and then will re-enter just before close. Again, if there is enough volume and it appears there is a chance to break through then I will not sell, I will buy to try to push through that resistance. + +Why would I re-enter just before close? Three reasons: + +1. I'm better positioned and back on board in case the MOASS does trigger +2. I won't have to buy at open if we see the same exact pattern on Tuesday. +3. I am bullish on GME thanks to Cohen and would like to re-open my long position. + +If the same pattern continues Tuesday, I will repeat this play until the pattern stops and I am sitting on A LOT more shares at a MUCH BETTER cost basis. + +**TL;DR:** The squeeze has not been squoze, but it has become closer to 50/50 odds that it will occur. I think its more probable that a series of microsqueezes occur and I will play accordingly. Simply holding does not increase a price, buying does. My play will not only net me profits, but it will increase my buying power significantly. There is no TLDR to justify this post, if you don't feel like reading then you aren't playing with enough money to be concerned and none of this applies to you anyways. Just remember, this will all come to an end at some point and that end is not guaranteed with a squeeze. Happy trading! + +*Disclaimer: I am not a financial advisor, none of this is advice at all. It is my analysis of the situation that I have been following and my interpretation of the data at hand. The only direct advice I have for anyone is you should do what's best for you. I am bullish on GME long term which makes this a lot less risky for me because if I end up with bags (as long as they aren't too heavy) that's perfectly fine with me. Anyone who tries to convince you I am a shill or bot is almost certainly an uneducated investor, I am not even a bear on this situation, but you should always examine the bear case, not blatantly ignore it in search of confirmation bias.* +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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It's either a pump and dump or the stock's already up like 20 percent by the point that you can buy. It always crashes. I'd actually go a step further and say that you should sell your stock if the people on CNBC tell you to buy it. If they tell you to buy weed stocks, wait until the prices inevitably fall to buy it. If they tell you to sell stocks, then that's when you gotta buy. +&#x200B; + +[An example of a broken brain when they provided the shittiest answers to some of these questions.](https://preview.redd.it/sf73377bzra71.jpg?width=1079&format=pjpg&auto=webp&s=3024b039b74db2cfe8b14435bb3ad86b92e4edca) + +When the buy button was shut off by brokers in January, if SHFs were covering their short positions why did the price drop rather than continuing to increase? We know they had to buy the entire float of shares back and then some, past squeezes tell us no one can do this would be impossible to do in one day. + +If they covered in January, why did they run ads on CNBC saying Melvin covered their shorts? They don't gain anything doing that so why would they? + +Why hasn't Citadel acted like a normal company since? For example, they used to post to platforms like Twitter regularly and they are now working through the night 7 days a week. + +Why did we run up in price afterward from $40 to nearly $350 over a couple of days when everyone thought this was already over? + +Why did we run-up from 240 to 340 then back down to 170 on no news on March 10th all before 1pm? + +Why are SHFs still reporting massive and fluctuating losses related to the GME share price? + +If the votes were accurate, why was there an anomaly in gamestops 8-K filing? + +For everyone the total is: 55,541,279 + +Except for Larry Cheng where the total is: 55,541,280 + +Why did we see price swings up $30 then immediately back down $30 on no news within less than 10 minutes, while at the exact same time other "meme stocks" (I do not consider GME a meme stock obviously but this is the terminology easily used) did the same exact thing? + +Why has GME charted exactly the same way as some other "meme stocks" (I do not consider GME a meme stock obviously but this is the terminology easily used)? + +Why was the volume so low on June 9th? The lowest in a year, when gamestop issued 8.5million more shares tradable since. Should we not have higher volume as there are more available to trade? + +Reported on iborrowdesk, SHFs used to have access to shorting millions of stock at a time back in January and February, there is now only 150,000 reported and the number has been shrinking. Shouldn't this be much higher after the 8.5m offering? + +Why does good news from gamestop always send the price stock down? + +Why isn't the buy massive pressure from retail causing the stock price to rise? + +Why did the NYSE president say this? + +"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc'sĀ (ICE.N)Ā NYSE. That price formation is not really reflective of what supply and demand is," + +Why have there been so many regulations put into place not only to curb what tools SHFs have to conceal FTDs but also contingency rules in the event of insolvency by large players? + +In reference to a massive margin breach in Q1 the DTCC said this: + +"The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk" + +They have just stated here essentially, that one stock has caused the most Margin breaches in Q1, 3x the previous record. This is exactly what would be expected if the DD is correct on GME. Why do you think they would report this if we are incorrect with the DD? + +We know Robinhood got margin called in January and that they "raised funds" to meet their margin requirements. The DTCC confirmed in their senate hearing that shutting off the buy button was not part of their discussion with Robinhood and that it was a decision made by Robinhood themselves. Therefore we have a timeline: + +1. Price runs up over $400 +2. DTCC tells Robinhood et al, they have to meet margin requirements. +3. Melvin capital and Robinhood both meet margin requirements, due to an influx of cash from bigger HFs. +4. Robinhood shuts off the buy button the very next day to prevent a rise in price any further, thus not allowing margin calls to be triggered once more when the price rose higher. + +What is your reason for why they shut the buy button off if they closed their position? It shouldn't have mattered for them or anyone else as the margin requirements were met and they should have used that cash to close out their position. + +What happened to the FTDs? Before the January run-up we have millions of FTDs sometimes multiple days in a row. I am told by shills this is normal... If this is normal, where did they all go since we have had the largest trading volume on the stock since all these FTDs? Shouldn't there be many many more? How is this not evidence they are concealing them in options like we know they can as confirmed by industry experts? Did they just magically get 1,000,000 times better at delivering shares during the highest volume period on the stock ever in it's history? *charts below.* + +&#x200B; + +[Pre-January run-up with millions of FTDs a day.](https://preview.redd.it/rewviucp0sa71.png?width=1661&format=png&auto=webp&s=d5494c595d844a6011c139748104c43321bc3782) + +&#x200B; + +[Post-January run-up. Where the fuck did they go? I thought it was normal to have millions everyday????](https://preview.redd.it/g91rbby01sa71.png?width=1632&format=png&auto=webp&s=311c75a8bba910d1d919e209c9a6b55fdc38de5d) + +Big one for the shills: + +Without lying to yourself, how is it you reasonably believe SHFs closed an over 230%+ SI in one day - during the same time that the largest globally-spanning-retail-rally of a stock in history, on top of a massive Gamma squeeze - without sending the price rocketing into the thousands, despite evidence of previously squeezed stocks with far, far less SI taking multiple days at much much higher peak prices? + +Additional question: + +There was a total volume of **1,115,376,000** during just the ten days preceding January 28th - the day Robinhood turned off buying. How the actual fuck is that possible if the available float at the time was around 26.7 million? +I was listening to a podcast today that said once people cross the $5M mark things tend to shift. + +How has your mindset changed (if at all) as you've gone up in NW? Was there a certain number of millions that precipitated this shift? +**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 Iā€™m no expert. Just a lurker like many of you, who like the stock. šŸ¦šŸ’ŽšŸ¤² + +[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)- *ā€œMay 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.ā€* + +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:** *ā€œPlaintiffs 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 securitiesā€* + +Iā€™m sure the lawsuit isnā€™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. +Itā€™s highly likely that Iā€™m just seeking validation. 41M, NW > $5M, W2 > $1M, with a comfortable path to FF somewhere between $12M and $30M in the next 8-10 years. Maybe > $50M if I keep climbing the ladder. 40 hours a week WFH with occasional travel and lots of time off and flexibility. Satisfaction wise, work is about as satisfying as being a small fish in a very big pond can be. + +I couldā€™ve only dreamt of being in this situation even by the end of my career if youā€™d asked me 10 years ago when my NW was zero and comp ~$100k. Up until now, Iā€™ve kept my blinders on and charted a somewhat safe path. + +But here I am, sitting by the ocean, wondering if there should be another chapter in my book. Wondering if I should take a few years off and build that startup with 0.001% chance of success. Maybe itā€™s the melancholy induced by the predictability of the waves crashing against the rocks, or the vastness of this ocean perhaps. Lack of thrill? Purpose? Not sure what to call it. + +So I ask those of you who reached the point of having a comfortable path to FatFire and yet decided to wander off it - what was your motivation? How did your journey play out? + +P.S. - I am very happy, not depressed at all, and have a therapist (by choice) already who I see occasionally to stay in peak mental health. I also have good hobbies and a great social circle, but neither Iā€™d want to spend the rest of my life on. +This is *a lot* to read, but I was asked to compile it into one. Especially now with the DoJ talking about this, let's see what we can find shall we? + + + + +The only guy to go to jail for 2008, [was running from this](https://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/) and turned himself in (this story includes Jim Cramer) + +> Evidence suggests that Bernard Madoff, the ā€œprominentā€ Wall Street operator and former chairman of the NASDAQ stock market, hadĀ ties to the Russian Mafia, Moscow-based oligarchs, and the Genovese organized crime family. + +> And, asĀ reported byĀ Deep CaptureĀ andĀ Reuters, Madoff did not just orchestrate a $50 billion Ponzi scheme. He was also the principal architect of SEC rules that made it easier for ā€œnakedā€ short sellers to manufacture phantom stock and destroy public companies ā€“ a factor in the near total collapse of the American financial system. + +&nbsp; + +By 2011 the FBI is saying publicly its still a problem and they're capturing regulations. + +> [They may be former members of nation-state governments, security services, or the military. These individuals know who and what to target, and how best to do it. They are capitalists and entrepreneurs. But they are also master criminals who move easily between the licit and illicit worlds. And in some cases, these organizations are as forward-leaning as Fortune 500 companies.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> This is not ā€œThe Sopranos,ā€ with six guys sitting in a diner, shaking down a local business owner for $50 dollars a week. [These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> These crimes are not easily categorized. Nor can the damage, the dollar loss, or the ripple effects be easily calculated. It is much like a Venn diagram, where one crime intersects with another, in different jurisdictions, and with different groups. + +> How does this impact you? You may not recognize the source, but you will feel the effects. [You might pay more for a gallon of gas. You might pay more for a luxury car from overseas. You will pay more for health care, mortgages, clothes, and food.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> Yet we are concerned with more than just the financial impact. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. [They may try to manipulate those at the highest levels of government. Indeed, these so-called ā€œiron trianglesā€ of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + + +&nbsp; + +Have you heard of anyone fixing it in the last decade? + +&nbsp; + +OK now [you'll see the money Citadel handles is 75%-99% foreign](https://reddit.com/r/Superstonk/comments/rfrqj3/has_anyone_ever_noticed_citadel_really_has_a/) this goes for the short sellers bunch. [Here's point 72](https://reddit.com/r/Superstonk/comments/rimp3q/point72_sure_likes_that_foreign_money_about_the/) + + +[It's more than Russia](https://reddit.com/r/Superstonk/comments/t0enup/federal_reserve_alert_federal_reserve_board/) + + +&nbsp; + +[There's more](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) (we're in 2008 on repeat) + +[And more](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) (Ken Griffin and Bernie Madoff sure like the same strategies) + +[And... more](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) (*a lot* of Citadel and Goldman crime) + + +[Also this](https://reddit.com/r/Superstonk/comments/s92h42/citadel_owns_77_of_the_spac_that_apex_is_going/) (Citadel was going to start turning off Apex meme buys/rejecting DRS if they went public, they own 7.7% of the SPAC) + +[And this](https://www.reddit.com/r/Superstonk/comments/se2sej/word_of_the_day_is_rehypothecation_or_how_citadel/) (rehypothecation is bananas) + + +[Also this](https://reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) (Goldman execs sliding into BNY Mellon DMS) + +[Then this](https://reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) combined [with this one](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) (what they are protecting) + +Then [head here](https://www.reddit.com/r/Superstonk/comments/sx93k7/pwc_the_auditor_that_needs_to_be_looked_at_psst/) + +And [one last one](https://www.reddit.com/r/Superstonk/comments/sewfuu/real_life_keyser_sƶze_meet_emiliano_rabinovich/) + + +&nbsp; + +Then we've got all this spoofing to deal with... + + +&nbsp; + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadelā€™s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulatorĀ suspended a trading accountĀ operated in Shanghai by Citadel Securities in August of that year. The regulator thenĀ launched an investigationĀ into ā€œmalicious short sellingā€ in Chinaā€™s equity futures market, closing 24 trading accounts that had allegedly ā€œinfluenced securities prices or investor decisionsā€. + +> ***The regulator at the time expressed concerns over ā€œspoofingā€, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It alsoĀ criticised algorithmic tradingĀ for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from Chinaā€™s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadelā€™s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulatorĀ suspended a trading accountĀ operated in Shanghai by Citadel Securities in August of that year. The regulator thenĀ launched an investigationĀ into ā€œmalicious short sellingā€ in Chinaā€™s equity futures market, closing 24 trading accounts that had allegedly ā€œinfluenced securities prices or investor decisionsā€. + +> [The regulator at the time expressed concerns over ā€œspoofingā€, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It alsoĀ criticised algorithmic tradingĀ for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from Chinaā€™s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +&nbsp; + + + +Almost like [they have software to do it](https://i.redd.it/sxpcn1t5lf671.jpg) + + + +Here's the [link to the article](https://www.finextra.com/pressarticle/83417/symphony-names-brad-levy-as-president-and-chief-commercial-officer) + +I ended up here looking through the [head of the DTCC's business](http://www.marketswiki.com/wiki/MarkitSERV) + +The guy with him at MarkitSERV which controls basically all data trade ports, joined Symphony last year during the pandemic. + +After a career [at Goldman sachs](http://www.marketswiki.com/wiki/Brad_Levy) + +Who now works on software that's "collaboration software for automation" + +> Levyā€™s appointment comes at a pivotal point in the Companyā€™s momentum as customer demand for ***secure and compliant collaboration integrated with automated workflows continues to grow.*** Levy will lead Symphony's efforts within the global financial services space, focusing on expanding the companyā€™s commercial offering on capital market workflows and solution. + +[Here's a 2 day old video of them all spoofing together.](https://reddit.com/r/Superstonk/comments/t4k6cd/today_collaborated_spoofing_occurred_in_the_last/) + +&nbsp; + +Almost half their assets [are overnight repo.](https://www.sec.gov/Archives/edgar/data/1146184/000128417022000004/CDRG_BS_Only_FS_2021.pdf) + +They are [7 of 8 FICC members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) + + + [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) + +To me this says they [internalize treasuries too](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) like their website [says they can do](https://imgur.com/7vEp7KK.jpg) and the treasury [liquidity problem last year](https://imgur.com/khNqrnS.jpg) was that catching them. So they're can kicking with repo, then fulfilling FTDs with [rehypothecated shares.](https://reddit.com/r/Superstonk/comments/t6j39c/the_crimes_of_citadel_goldman_sachs_and_friends/hzbd5su) + +The FICC says [treasuries lost liquidity suddenly in February](https://imgur.com/a/P3qYrOl) and no one has explained why. (Also there was a $1.1 billion backtesting deficiency *right* before the sneeze) + +&nbsp; + +There's [181 pages of them breaking the law](https://web.archive.org/web/20211025164538/https://files.brokercheck.finra.org/firm/firm_116797.pdf) too... (Page 40-221) + + +&nbsp; + + +If you want to know who owns who. + +[The *secret* other half of Bain Capital](https://reddit.com/r/Superstonk/comments/qa1d4l/i_present_the_other_half_of_bain_capital_sankaty/) + +[BNY Mellon helps hide things](https://reddit.com/r/Superstonk/comments/rwt6vi/i_found_bny_mellons_adv_form_remember_all_those/) + + +[Jefferies owns Virtu](https://reddit.com/r/Superstonk/comments/s3y0m8/did_you_know_virtu_is_23_owned_by_jefferies/) + + +And [Citadel's custodianā€™s and prime broker's](https://imgur.com/a/67S62yU).... in case you missed it. Page 13 says Credit suisse EU..... [The same ones shredding documents about Russian oligarchs](https://finance.yahoo.com/news/credit-suisse-caught-trying-shred-131208154.html) on the very next page [Deutsche Bank](https://www.ft.com/content/97b44628-450a-4535-8605-d5a7b8e5cbff) and [in case you forgot](https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377) + +[Warren Buffett and Moody's](https://www.reddit.com/r/Superstonk/comments/s6hlww/moodys_is_the_one_seemingly_lagging_behind_in/) + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this Robinhood conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + + +&nbsp; + + +Before you think Gensler will help... he's got real explaining to do... + +> [In 2008 he (Gary Gensler) joined scores of other Goldman partners and alums in giving nearly $1 million to the Obama campaign, and he is one of a raft of Goldmanites to have joined the new administration. Now, as chair of the obscure Commodity Futures Trading Commission, he is arguably the key player in the drive to bring order and sunlight to the murky casino that is Wall Street. If the financial-reform bill in Congress passesā€”and it looks like it willā€”the CFTC will acquire vast new powers. It will oversee markets in derivatives and swaps that, on paper, are worth hundreds of trillions of dollars and that generate some $25 billion a year in profits for big companies such as Goldman Sachs.](https://web.archive.org/web/20141030005206/http://www.newsweek.com/goldman-alum-whos-trying-fix-wall-street-70599) +I marked this as humor, because there is no flair for "horror" or "nightmare tenant". + +Below I linked to a listing of a rental property in Colorado Springs, CO that has all the hallmarks of a confluence of shitty property management, hands off land-lording, and a horrible tenant. + +[Watch the video tour on this listing...](https://www.redfin.com/CO/Colorado-Springs/4525-Churchill-Ct-80906/home/34515765?utm_medium=share&utm_source=web_share&utm_campaign=copy&fbclid=IwAR20EVWzncmVHJEkSBfV2XpXBA1bpuS-5hsX2w-W1645WdpEHI9jxsz7xrE) +I feel like FATfire is more open to Americans due to the huge salaries available. + +Is a sallary enough to FATfire in the UK in your opinion. I consider my sallary progression and see that even those reaching 6 figures will take much longer to hit 3-5 million. Really you need a 6 figure sallary outside London to save enough from what I'm seeing. +One of the things we talk about often is how volatility is mean reverting. The historical average of the VIX is 15, and while it might seem like a long time since we were there, it was just a couple of years ago. This morning the VIX is 18 and if you have been selling pretty much any option under the sun over the past month, you have been making bank with the combination of theta decay and volatility collapse. + +But it's important from a portfolio management perspective, that you should not force trades, and only try and take what the market gives you. My utilization right now is down around 15%. That's definitely on the low side, but it allows me to be in a great position to put on new positions if and when volatility spikes again. + +I know there's a lot of people out there looking for new trades/positions, and asking what to do when the premiums all seem to suck and the IVR of everything you usually trade is down in the basement, but another part of trading is having patience and waiting for the right opportunity to go in heavy, and now is not that time. +This used to be NSCC-2021-010 that would implement the SFT Clearing Service. It got delayed 9 months and was then removed and resubmitted as NSCC-2022-003. This is the one i was waiting for to pass to tell us they were close to being ready to let the MOASS happen. It would limit or prevent the rest of the market from tanking when the hedge funds started defaulting because it would let them use the NSCC as a go between for loans from other members. If they defaulted the other party would not have to worry they won't get their money and the NSCC would be able to sell off the loaned securities in a controlled manner to keep the stock from crashing. If it was just a loan between the shorter and the loaner the shorter would dump everything at once and fuck the market. There is no listed date for when it will go into effect so it's possible it will go into effect right away but don't be surprised if it's in a month or so instead. + +EDIT: People are asking if this is bad for us because they can get loans to hold off margin calls. The SHF could always get loans without this rule but this rule would make the NSCC a middleman if they used this service. The NSCC would then hold their collateral and if they default then they could slowly sell off the stocks to not cause a crash in those stocks. Whereas in a normal loan with just the SHF and the person loaning them the money the SHF is likely to quickly sell off their stocks if they defaulted and cause it to crash and screw other people holding it. So this would limit that and likely be one of the key rules the Government would want to be in effect before they let things play out. + +Here is a link: [https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf) + +STAY STRONG APES! UNITED WE GET RICH DIVIDED WE FALL! +Iā€™m currently a sahm for my 3 year old and 10 month old. My boyfriend works 12 hour shifts 5 days a week sometimes more getting paid 15$ an hour. We live with my parents and we all fit in one bedroom. + +I just got a job where Iā€™ll be making over 100k a year. A YEAR. I got an Indeed notification, and usually I donā€™t check them out but something told me to with this job. After a test, 2 phone interviews and a formal panel interview, I just got offered the position. + +I grew up in poverty. I grew up surrounded in divorce, alcoholism, poor schools, no heat/AC in the coldest or hottest months, a wicked stepmother, mental illnesses, and recently a parents addiction. + +I have the chance to give my children the life they deserve and my boyfriend a break from working all the time. When I got off the phone, I cried. This is the most amazing opportunity and I will finally make it out. + +No more having anxiety attacks when the pantry gets low, having to share a space with two kids and my partner, worrying how weā€™re going to pay this bill or that bill. Not having to put 10$ in gas or just feeling the struggle so much. I know there will always be a part of me that lives in the mindset, but as of right now, I am so thankful. +Who here is investing in ETH and other crypto with a 20-year time horizon? Who here wants to minimize the burden of having to report taxes on crypto-to-crypto trades? + +I do. And I want to minimize my taxes as much as possible. + +It has taken me about two months to set this up. I'm not quite done, but I'm in the home stretch. Just waiting for GDAX to approve my institutional account. + +Basically, what I did was set up a self-directed Roth IRA. On the Roth IRA, you don't pay any taxes on capital gains. + +1. I worked with Broad Financial / Madison Trust. + +2. Madison Trust is the custodian for my ROTH IRA. Broad Financial help me set up an LLC in my home state which is owned by the ROTH IRA. + +3. Total fees paid to Broad came to $1,195. Annual fees to Madison Trust for maintaining the Roth IRA will be about $200 per year. + +4. Broad Financial set up the LLC, obtained a tax ID number from the Feds, and filed and obtained the LLC certificate with the state. The LLC was formed in my home state of Iowa. + +5. With the LLC created, I can then open a bank checking account in the name of the LLC. With the same paperwork, I also opened an institutional account with GDAX (still waiting approval). + +6. I transferred funds from by brokerage ROTH IRA to Madison Trust, which will then issue me the capitalization check in the name of the LLC. + +7. I then deposit that capitalization check into my LLC bank account. + +8. I then fund GDAX from my LLC bank account. + +9. Any gains from GDAX are remitted back to that LLC bank account. + +10. If I want to transfer funds to another ROTH IRA (eg my brokerage IRA), I need to write a check from the LLC bank account to Madison, which will then issue a check to my broker. + +There are a lot of rules regarding what assets can be owned by a self-directed IRA LLC and who you can buy from. Basically, you want to avoid self-dealing. + + +\*Not an ad. I donā€™t work for anyone but myself. + +I am a freelance writer, and coffee is my savior. While I do most of my work in the early morning hours at home, I often go to what I call a ā€œmobile officeā€ a few days a week. This was usually either Starbucks or Panera. That turned out to be a problem, but I didnā€™t realize it. Coffee is freakin expensive. + +In general, a non-black coffee (specialty drinks) at Starbucks would cost someone around $5 a pop. If I worked there four days a week, thatā€™s $20 a week and a whopping $1,040 a year. Hello, thatā€™s IRA money. Thatā€™s tires on a vehicle. Hell, thatā€™s just money that could go somewhere else. + +If I bumped that down to a black coffee, around $2.40 I think, that would be around $9.60 a week or approximately $500 a year. Much more reasonable, but still a bunch of money. + +Panera was the same way. Get a black coffee for around $2.40. However, now Panera has a monthly coffee subscription for $8.99. Let me tell you, this has SAVED me money. + +With their subscription, you can get: + +* Hot or iced coffee (not specialty coffees) +* Any of their hot teas +* Free refills if you donā€™t leave the store +* Another coffee every 2 hours if you do leave + +By working there four days a week and based on my regular work/coffee consumption, I spend around $0.56 per visit on coffee, but I refill it around four times. + +* From 4 days a week at Starbucks, this is approximately an 89% reduction in spending. +* From 4 days a week at Panera without a subscription, this is approximately a 77% reduction in spending. +* This saved me around $933 ANNUALLY if I kept going to Starbucks four days a week. +* This saved me around $392 ANNUALLY if I went to Panera and didnā€™t have the subscription and four days a week. + +What I find now, though, is that I go there every day and get coffee, even on non-workdays, and I do not spend any more on food than I would have regularly (which is almost never). I also have business meetings regularly at Panera, so I actually pay for two subscriptions. That way, both my guest and I can have unlimited coffee while we chat or work. + +I swear, this is not a Panera ad, but it is much calmer to do my work in Panera than at Starbucks. I still venture to the Bucks every now and then, but it is rare. + +Find ways to save money where you can. This worked for me because I already had a routine that revolved around Starbucks and Panera in the afternoons. + +Edit: This post triggered a bunch of people who think they're elite for not drinking coffee and saving more money than me. Listen, I can afford this habit regardless, but why wouldn't I take advantage of savings where I could? + +Edit 2: I DO BREW AT HOME. I work at home from 5am to 10am, but the afternoons at home are too hectic and filled with distractions. Listen, I can afford to buy coffee. The personal finance of this for me was finding a way to make it even more affordable. + +Edit 3: My Panera is set up with additional plugs and areas for people to work, so you can stop saying I'm being a nuisance. +Simple answer: [Dr. Lisa Su (how she turns around AMD)](https://www.youtube.com/watch?v=lHT5MRky9SA) + +When you invest in a company, it's not just the product that's important for the company, but its people and leadership as well. Because ultimately, a corporation is just an organization run by bunch of people, which Elon Musk emphasized this point. A company's leader who has a clear vision for the company will bring its people together and its competitive products to market for the future. You look at the leaders between Intel's and AMD's. One got a Ph.D in electrical engineering and has a firm grasp of where the industry is heading toward, whereas the other person who was previously a CFO just looks at spreadsheets and uses any means to appease the shareholders. How likely would a business major know anything what the semiconductor industry will look like in five years? + +Intel has been dominating 90% of the PC market for many years. The company becomes complacent and so do its shareholders' base as the stockholders enjoy their annual dividend payouts. You do that in a highly competitive semiconductor industry, your company will lose value and eventually get abandoned. You have to be constantly innovating to stay ahead, especially in the technology sector because that's just the nature of the industry. This isn't like consumer staples where the market remains static for a long time. A technology company's moat is easily broken if the company doesn't plan out its roll map & product lines for the next five years. A lot investors could tell this became quite apparent at the last Intel's earning report. + +This also separates the difference between value investing & growth investing. Value investors look at financial statements of a company to judge how it appears now, whereas growth investors look at a company and make financial projections where the company can potentially go toward for the next several years. Growth stocks will never appear cheap at any current time, because if they do, then by definition they already stop growing. If you're a value investor by heart, I advise stay away from investing into tech stocks if you don't have a firm grasp about their respective, ever-changing industries, because most of them will never make sense to you. + +There will be a time to revisit Intel. In my opinion, Intel needs a better leader who has an expertise in the field. Hitherto, AMD will continue to take market shares away from Intel to grow its revenues & earnings, because its leader already planned this out from the last few years. She knew her competitor would have a tougher time catching up in manufacturing the technology. AMD stock is going much higher for the next 2-5 years. + +Disclosure: AMD shareholders since $8.00 +I was not expecting anything outside of what I got from the interview. I myself, like 100,000+ retail investors have every cent I can spare on a possible turnaround of GameStop. Glad to see out of all possible media outlets, magazines, etc, you chose GMEDD.com to share some laughs, some insight, and honestly time. This means the world to many, that I know. Keep doing what you are doing. + +I wonā€™t speak for Superstonk, but my gut tells me you have the backing, and full support of individual investors all across the globe that believe in you, and your vision. I can not wait to see what is next for GameStop. +This is INSANE news, guys. Ben Mezrich, one of the most entertaining and decorated authors of the last decade has officially submitted a book proposal for the story of WSB doing what WSB does best: Fucking shit up, and taking $GME to fucking Mars and beyond! It's already been claimed by monster media conglomerate MGM, meaning this will be a BIG-TIME hollywood movie & book! + +If this isn't an adrenaline shot of motivation to give Ben one hell of a story to tell, I don't know what is! + +DIAMOND HANDS MOTHERFUCKERS, WE'RE OFFICIALLY IN SCENE 1 OF A MOVIE RIGHT NOW. + +TIME TO BLOW THE TOP OFF OF THIS SHIT. TELL YOUR FRIENDS, BUY EVERY DIP, $69,420 SELL ORDERS ONLY. (not financial advice) + +šŸš€šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸš€ + +[Ben's announcement tweet](https://twitter.com/benmezrich/status/1356042246580273161?s=20) + +[Full story](https://deadline.com/2021/01/mgm-ben-mezrichs-the-antisocial-network-wall-street-1234684378/) +I've been in bitcoin since the beginning. I was watching when that dude bought the 10,000 btc pizza. I bought in at 16 cents, I bought in at $6000. I sold at $1300, I sold at $4000. Since then I've been largely inactive on this sub and in crypto in general. + +I've made more than I've lost with BTC but the point was never about making money off an investment like a stock, it was about buying bitcoin so I could spend it. This sub used to get excited about more people USING bitcoin, now everyone's only concern is how much money they might lose. I think this sub has lost sight of what Bitcoin really is: a currency. +You could answer this question this question in relation to any commodity, but I'm specifically interested in oil bc of what the guess said in this podcast: + +https://www.volts.wtf/p/volts-podcast-lauren-melodia-and#details + +She claimed that speculation via derivatives influenced price volatility for oil. That seemed like a stretch. + +Any evidence for this? +Hi there, + +I am a high school student planning on studying economics at university. + +I'm passionate about economics and statistics, but based on research, I've seen that an economics degree is better paired with math than stats, and that I should double major in econ and math if I want to get into PhD programmes. However, I haven't practiced calculus/algebra since 2017, as I was in an accelerate class which was two-years ahead. + +Can I still get into a PhD programme with high grades and a double major in stats or math, or should I work hard to double major with math? It's not that I don't like math, I just can't imagine doing an entire major in it without having practiced for so long. + +Thanks! +I owned a townhome 1050sf (built in the 80's) that is a prime location in my city. It has always been an easy to find tenants. I purchased it for $112k in 2015 and it has appreciated to about $175k in 2021 based of Zillow comps. Because of the absurdly high HOA / to rent ratio my cashflow was not that great. I tried to sell this property and cash out in 2020 and it stood on the market for 3 months with zero offers. Reason being its a bit old, I did not want to spend any money updating it and the HOA is about $225 a month (which is considered high for the area for the value of the home) + +After 3 months of no offers and dropping the price to $144k, I got new tenants and waited a year. I have been seeing the Offerpad/ Opendoor ads over the last 12 months, so I said why the heck not. My tenants lease was expiring and I wanted to flip the property and use the cash elsewhere. Process is simple, give them your comps of the property and upload several pictures or video walk through, and you do not even have to let anyone in (great since I had tenants). After about 2 days they sent me an offer of $161k. I noticed that the agent on the phone told me it is based on comps and if you don't think its fair, give her a reason why and she will get back to an estimator. I was going to take the $161k anyways but said, heck might as well try. Countered with $163k and they accepted. Settled on a closing date, notified my tenants that they had to move out at the end of their lease. (OfferPad does not want tenant occupied homes) + +There are two catches to their offer. They take the full 5% commission for representing both parties. The second catch is they do a THOROUGH inspection of your home and find a list of 100 things that are wrong with it. Then they tell you to fix it (with certified insured companies) or you credit them the cost of some of the repairs to the final selling price. + +They found plumbing issues, HVAC was 25 years old, and a slew of tiny things. and came out with an $8,500 repair cost they wanted credit for off the purchase price. I wrote up a long email on how I have the HVAC serviced, some of the plumbing was swapped, etc, and told them ill give them $6000, but no more. They came back and accepted. They arranged everything, told me to take the fridge, closed on the home and walked away. + +All in all, I was willing to part with the home in 2020 for $140k if anyone offered that (minus 5% real estate fee). + +One year later I sold to OfferPad for $163k - ($8,150 5% fee) - ($6,000 credit for repairs). + +I have kept an eye on the property, they relisted for sale about 1 month later (December 2021) after doing a bit of updates for $175k. It has been over 1 month and I see that it is still for sale. + +What was nice is I sold the property without ever disturbing the tenants or having them be aware that the property is sold, until I finalized the sale. Secondly, I literally had the tenants move out, and handed the keys over to OfferPad without ever having to do any repairs/modifications. + +Would I use them again, probably not, since the rest of my properties are SFHs and would sell instantly. However, in this case it worked out good for me. +https://www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html + +Little more than a decade after consumers binged on inexpensive mortgages that helped bring on a global financial crisis, a new debt surge ā€” this time by major corporations ā€” threatens to unleash fresh turmoil. + +A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total U.S. corporate debt to nearly $10ā€‰trillion, or a record 47ā€‰percent of the overall economy. + +In recent weeks, the Federal Reserve, the International Monetary Fund and major institutional investors such as BlackRock and American Funds all have sounded the alarm about the mounting corporate obligations. +Iā€™m 18, have $400 in Robinhood in individual stocks, working in retail making 15/hr. I also have $350 in a Roth IRA +My dad doesnā€™t know I am investing, because heā€™s anti investing (he was burned real bad in Enron scandal) but Iā€™ve done my research and decided to put a little into the market. + +I am wondering if dividends are worth it for me? Because if invest in dividends, I will have to file them on my tax return and he does my taxes. +OR +I can wait until I move out in a year or two, and then start dividend investing but I think it would be worth it to start now. Even if itā€™s just index funds. + +Edit: I told my dad and we are good! + +Thanks!! +My pay isn't going up significantly in the foreseeable future and when calculating all my expenses, car expenses are a huge portion. (1k insurance, 800 rego, $300+ mechanical, plus ?$1200+ fuel). + +I am thinking of getting a Bicycle. + +PROS: Selling my car would net me 6-8k plus a "pay rise" annually of something like 4K, which I would invest. (Buy VDHG). + +My partner has a car, works from home most days, more exercise... + +Plus my work is only about 5km and almost completely flat. + +CONS: Melbourne winter, I will definitely miss my car, less freedom to go places. + +Anyway, has anyone had success or failures with this?? + +EDIT: 200 comments sheesh. Trialling it over the rest of the year. Makes sense to share one car between us and I like the idea an e-bike but definitely decent rain gear. Also public transport to work is pretty easy for those rainy rainy days. +Hi everyone, really glad that i found out this sub. I have a basic knowledge of finance, programming and ML. I want to explore the algo trading side but i am not sure where to start from. Would request you guys to guide me on this with any resources to take references from in future +There are currently a lot of platforms, more specifically, there are 35 platforms within the Top100 only and many do very similar things. How is one supposed to know how they differ? That was the question that I asked myself. + +So, I decided to compare all platforms within the Top100. I noticed that they can be put into into 5 different categories. Note: A platform is a cryptocurrency that offers smart contracts at least. + +1. Dapps platforms \- 12 +2. BaaS \- 11 +3. Liquidity \- 2 +4. Misc \- 7 +5. Behemoths \-3 + +Here are all platforms in an excel spread sheet in their categories with a description: [https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py\_CGcu8elRGQAUIf86EYh4QZo/edit#gid=268170779](https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=268170779) + +In order to find out which one is the best platform in each market currently and made sure to be strict with every platform and point out their flaws. + +Let's look at the 5 markets. + +# 1) Dapps platforms + +Dapps platforms are definitely a solid bet for the next years. Besides Ethereum, Neo, EOS and Stellar are probably the most known here, however, all 4 are simply extremely centralized and would need to completely change their architecture to become more decentralized. Until that happens, none of these platform can really be considered as a platform with good technology, since everyone can achieve high scalability by letting a few hundred nodes do the consensus algorithm. There is nothing difficult about that. The difficulty is achieving several million TPS with 100,000 nodes deciding consensus. + +Cardano, Aeternity are the only ones that seem to be able to maintain excellent decentralization with high scalability, because they scale through side\-chains/horizontally. + +All platforms considered, Ethereum seems to be on the way there as well with its change to Casper. + +1. Cardano has a great team, has probably the most secure PoS that was peer\-reviewed in a scientific approach, has their mainnet launched, has near infinite scalability through sidechains and offers broad usability of Smart contracts in a number of programming languages. +2. Ethereum is a 2nd generation blockchain that allows the use of smart contracts and dapps on a smaller scope. Ethereum currently has bad scalability, though this concern could be alleviated by the soon to be implemented Sharding concept and its new PoS/PoW consensus algorithm Casper. Still, there are platforms with much more comprehensive dapp ecosystems, and much more scalability. However, Ethereum just closed a partnership with AWS. This is probalby the biggest partnership in the cryptosphere. Though, in order to be better than any of the top 3 platforms, it would need to provide Oracles, a lot more functionality for dapps, partnerships, decentralized data storage, cloud computing. +3. Neblio is similar to NEO and a good platform, though it has a much smaller market cap. +4. EOS has high scalability, though is much more centralized than Skycoin, Elastos and Cardano. However, it offers a lot of functionality for Dapps. EOS is overhyped. It is on the same level as Neblio, Neo, Aeternity, but not on the same level as Skycoin, Elastos, IOTA, Cardano. +5. NEO is a very established platform in this category.However, Neo dapps scale on\-chain and can thus clog the network quickly. For that reason, NEO had to pick a very centralized approach to maintain scalability and it looking to rely on hand\-picked nodes to maintain scalability in the future, very similar to EOS also very centralized approach of 121 handpicked nodes. +6. Stellar has similar goals as Ripple, only that it is more a platform than only a currency, so it does offer more functionality. . Stellar uses Byzantine Fault Tolerance in the consensus protocol, which ensures secure consensus can be reached (moving the blockchain forward) even if a large percentage of nodes are disabled or acting dishonestly. It also helps keep nodes distributed. Stellar is a good platform with tight involvement with banks. While it doesn't have as much functionality as all above platforms, it can probably carve out its niche by doing really good business with banks. +7. Aeternity: Weā€™ve seen recently, that itā€™s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off\-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They donā€™t touch the blockchain unless they need to for adjudication or transfer of value. Because theyā€™re off\-chain, state channel contracts can operate much more efficiently. They donā€™t need to pay the network for every time they compute and can also operate with greater privacy. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternityā€™s blockchain. Of course, the data source could still be hacked, so Aeternity implements a prediction market where users can bet on the accuracy and honesty of incoming data from various oracles.It also uses prediction markets for various voting and verification purposes within the platform. Aeternityā€™s network runs on on a hybrid of proof of work and proof of stake. Founded by a long\-time crypto\-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov. +8. IOST: To improve speed and scalability, IOStoken uses a Proof of Believability consensus mechanism eliminating the need for an energy\-hungry proof\-of\-work protocol, which stands as a barrier to blockchain scaling up for widespread adoption. With this system, a node is validated based on its past contributions and behaviors. Moreover, to increase fairness and to most fully embrace the decentralized nature of the blockchain, IOS uses a ā€œfairnessā€ algorithm that randomly distributes data to various nodes. Itā€™s intended to support service\-oriented goods and services with large customer bases. Decentralized applications and smart contracts, the hallmarks of blockchain platforms, are a priority for IOS as well. +9. Request Network: Req payments can be used for online purchases, business to business invoices, escrow, advanced payments and eventually IoT payments between machines. Other than payments, the Request Network is also tackling auditing and budget transparency. Businesses have the ability to track invoices to audit payments as well as record transactions for accounting purposes. Governments, nonprofits, and other organizations can also use Request to bring transparency to their budget and expenditures. +10. Rchain: Similar to Ethereum with smart contracts, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. However, Rchain has not launched ye.. +11. Ziliqa: Zilliqa is building a new way of sharding, so that 10,000 tps are soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well.Rchain is an ok platform. +12. Ethereum classic is the original Ethereum that decided not to fork after a hack for philosophical reasons. The Ethereum that we know is its fork. + +# 2) BaaS (Blockchain-as-a-Service) + +BaaS take a different route to adoption than mere Dapps platforms. They are also dapp platforms, but focus on businesses (B2B) instead of end\-users (B2C) within the cryptosphere. They sell their blockchain services to companies, who then can build their own customizable blockchain as a side\-chain to the BaaS without hassle and worry about technology or blockchain architecture. This is all handled by the BaaS company already and the customer only needs to change a few variables and they have their own blockchain. Side\-chains are interesting, because they allow virtually infinite scaling, since there can be an infinite number of side\-chains that only communicate with the main\-chain occasionally and handle the majority of transactions on their own chain. This is also called horizontal scaling. + +The success of a BaaS platform largely depends on its ability to close partnerships to sell to large businesses and having the best usability. The more contracts they can sell to businesses and institutions, the more valuable it will be. For that reason, the BaaS with the best ability to form partnerships and do sales will win this market. Technology isn't as important here. Of course, the platform has to work without bugs, but having a platform with outstanding technology, average usability and average marketing will lose against a platform with average technology, great usability and great marketing. + +1. VeChain is a Singapore\-based project thatā€™s building a business enterprise platform and inventory tracking system. . While it is not really competing with the above mentioned platforms, any of them can build supply management tools into their platform and compete with VeChain. However, VeChain has very strong partnerships. This gives them some protection of any of the above mentioned entering the market. Examples are verifying genuine luxury goods and food supply chains. VeChain has one of the strongest communities in the crypto world. If you are looking for something more high risk, high return, have a look into Ambrosus and Devery(Eve). Both also seem to be good at building partnerships, which is the most important characteristic for a supply chain platform required to succeed. +2. Icon is called the Korean Ethereum. However, it specializes more on building customizable blockchains for banks, insurance providers, hospitals, and universities, since it's a BaaS. Icon has a focus on on ID verification and payments. Icon is ery close behind Vechain, because with Samsung and Line. +3. WTC is a supply chain management platform, similar to Vechain, however, with fewer partnerships. +4. Komodoā€™s open\-source platform is for doing transparent, anonymous, private, and fungible transactions. They are then made ultra\-secure using Bitcoinā€™s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains. While it doesn't have as many partnerships as other BaaS, it is the only BaaS that offers privacy so far. However, that's. it such a bug competitive advantage, since it can be replicated rather swiftly. +5. NEM: The NEM blockchain powers what they call the Smart Asset System. This system is intended to be an open, customizable blockchain solution for any number of use cases built on top of simple, powerful API calls. NEM started as a NXT fork and introduced a new consensus mechanism called Proof of Importance (PoI), designed to reward usersā€™ contribution to the XEM community. It is roughly based on proof\-of\-stake, but it also reflects how active a user is in transacting with other users. POW rewards powerful computers and also requires excessive amounts of energy. POS gives an unfair advantage to coin hoarders. The more coins they keep in their accounts, the more they earn, meaning that the rich get richer and everyone has an incentive to save coins instead of spending them. +6. Ark is a fork of Lisk, which is doubling down on a smaller feature set than Lisk. Ark is a good BaaS, though it doesn't have many partnerships. Furthermore, they haven't launched their platform yet. +7. Dragonchain: The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain ā€“ increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc. Dragonchain is a good BaaS, though it doesn't have many partnerships. However, it was funded by Disney, so it might be able to get partnerships more easy. +8. LISK: Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain too. Lisk is a good BaaS, though it doesn't have many partnerships. Furthermore, they haven't launched their platform yet. +9. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratisā€™s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements.Stratis is similar to Lisk, but also doesn't have many partnerships +10. ARDR: Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ā€˜lightā€™ blockchain that can be customized to a certain extent, is designed to allow easy self\-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone. +11. Bytom: Bytom is an interactive protocol of multiple financial assets ( digital currency, digital assets warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract\-based interoperations via Bytom. + +# 3) Liquidity + +There are really only 2 platforms in the Liquidity market, albeit the Liquidity market could be one of the biggest markets with insitutional investors entering the cryptoworld soon, since there is very little liquidity in Bitcoin. For example, say a pension fund wants to buy or sell $10B in Bitcoins. No single exchange has that many Bitcoins available and it would wreak havoc on the market. This wouldn't be a problem with Liquidity platforms, since they pull all order books together and back up market liquidity with FIAT money among other things. + +1. QASH is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi\-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. If the forex conversions and crypto conversions match then the trade will go through and the Worldbook will match it, it'll make the sale and the purchase on either exchange and each user will get what they wanted, which means exchanges with lower liquidity if they join the Worldbook will be able to fill orders and take trade fees they otherwise would miss out on.They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners. More info here [https://www.reddit.com/r/CryptoCurrency/comments/8a8lnr/which\_are\_your\_top\_5\_favourite\_coins\_out\_of\_the/dwyjcbb/?context=3Qash](https://www.reddit.com/r/CryptoCurrency/comments/8a8lnr/which_are_your_top_5_favourite_coins_out_of_the/dwyjcbb/?context=3Qash) is doing something completely different as the above mentioned. It offers liquidity in an illiquid market. Sell shovels during a gold rush. +2. Loopring is similar to Qash, only that it functions as a dezentralized exchange, while QASH is more of an API without a user interface. It is a protocol that will enable higher liquidity between exchanges and personal wallets by pooling all orders sent to its network and fill these orders through the order books of multiple exchanges. When using Loopring, traders never have to deposit funds into an exchange to begin trading. Even with decentralized exchanges like Ether Delta, IDex, or Bitshares, youā€™d have to deposit your funds onto the platform, usually via an Ethereum smart contract. But with Loopring, funds always remain in user wallets and are never locked by orders. This gives you complete autonomy over your funds while trading, allowing you to cancel, trim, or increase an order before it is executed. + +# 4) Misc + +These are platforms that are focused on a specialized functionality + +1. Nebulas: Similar to how google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol ā€“ basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeepers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS\+, DAG used to solve the inter\-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network.Nebulas is the only one doing what it's doing. This makes them very unique and a good investment. +2. Centrality is a decentralized market place for dapps that are all connected together on a blockchain\-powered system. Centrality aims to allow businesses to work together using blockchain technology. With Centrality, startups can collaborate through shared acquisition of customers, data, merchants, and content. That shared acquisition occurs across the Centrality blockchain, which hosts a number of decentralized apps called Scenes. Companies can use CENTRA tokens to purchase Scenes for their app, then leverage the power of the Centrality ecosystem to quickly scale. Some of Centrality's top dapps are, Skoot, a travel experience marketplace that consists of a virtual companion designed for free independent travelers and inbound visitors, Belong, a marketplace and an employee engagement platform that seems at helping business provide rewards for employees, Merge, a smart travel app that acts as a time management system, Ushare, a transports application that works across rental cars, public transport, taxi services, electric bikes and more. All of these dapps are able to communicate with each other and exchange data through Centrality. Centrality is the only one doing what it's doing. This makes them very unique and a good investment. +3. Salt: Leveraging blockchain assets to secure cash loans. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans.Salt is a good lending platform. However, there is also Elixir, a better investment with a 30x smaller market cap, but also strong technology. Elixir has such a low market cap, because they didn't have an ICO and they only focused on development and no marketing. As of last week, they started marketing. +4. Aion: Today, there are hundreds of blockchains. In the coming years, those hundreds will become thousands andā€”with ,widespread adoption by mainstream business and governmentā€”millions. Blockchains donā€™t talk to each other at all right now, they are like the PCs of the 1980s. The Aion network is able to support custom blockchain architectures while still allowing for cross\-chain interoperability by enabling users to exchange data between any Aion\-compliant blockchains by making use of an interchain framework that allows for messages to be relayed between blockchains in a completely trust\-free manner. +5. Waves is a decentralized exchange and crowdfunding platform by letting companies and projects to issue and manage their own digital coin tokens to raise money. +6. ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ā€˜agentā€™ that finds and verifies real\-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the networkā€™s oracles to retrieve data from off\-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on\-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain. Chainlink's main functionality is oracles, a functionality also offered by IOTA. +7. QTUM: Smart Contracts on the Bitcoin blockchain. QTUM is a smart contracts for BTC, a very niche market. Furthermore, BTC might offer smart contracts itself soon and make QTUM obsolete. Hopefully QTUM will expand into more smart contracts functionality to become relevant again. + +Nebulas with Indexing the Blockchain world and Salt with Lending are probably the 2 most interesting platforms here. Nebulas doesn't have a single competitor, though there are several competitors to Salt with a much smaller market cap and with similar development progress, ELIX. + +# 5) Behemoths + +There are 3 platforms that have not been discussed yet. However, they can do most what the above platforms can do and have the potential to steal the market of all above mentioned platforms. That's why I call them behemoths. + +1.) Skycoin :Skycoin is building what Pied Piper is building in the series HBO's Silicon Valley, a completely decentralized internet that is not run by ISPs, but by IoT devices, making telecom providers like Comcast, ISPs who can control bandwith, cost, net neutrality, filters, access etc. obsolete and completely decentralize them. Skycoin offers what 36 coins are offering: + +1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom) +2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic) +3. 10 BaaS (VeChain, Icon, WTC, Ontology, Komodo, NEM, Ark, Dragonchain, LISK, Stratis). +4. 4 Decentralized Storage (Siacoin, Maidsafe, Gybte, Storj) + +If you think that the decentralized Internet will blow all other markets out of the water and will be the biggest invention of this decade, then Skycoin is your pick, because covers that and what 27 coins do. + +2.) IOTA: With the launch of Q 1 week ago, IOTA is about to offer what 27 platforms within the Top 100 are offering (!) and they are probably looking to replace several more. + +1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom.) +2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic) +3. 2 Oracles (Aeternity, ChainLink) +4. 3 Outsourced Cloud Computing (DBC, Aelf, Golem) + +IOTA is at the same level as Skycoin and Elastos. However, SKY's flagship product is the Decentralized Internet and ELA's is the most comprehensive dapps operating system in the cryptosphere, which IOTA cannot really replicate in the near future, because it takes years of reseach and development. This protects ELA and SKY from IOTA for now. + +However, it looks like IOTA can snatch up all the smaller, easier to replicate markets, such as cloud computing, oracles, smart contracts, decentralized storage, currency exchange and soon possibly also supply chain management, BaaS functionality, privacy, security identification since none of those are really hard to build. However, Skycoin and Elastos will probably focus on their flagships and leave IOTA to scoop up all the rest. It will be an interesting year. + +3.) Elastos started out as a mobile operating system 18 years ago and has now moved towards a smart contracts platform, operating system and a runtime environment for Dapps. Thanks to side\-chains they are near infinitely scalable and is thus also very decentralized. Elastos is offering what 36 coins are offering + +1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom.) +2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic) +3. 10 BaaS (VeChain, Icon, WTC, Ontology, Komodo, NEM, Ark, Dragonchain, LISK, Stratis). +4. 4 Decentralized Storage (Siacoin, Maidsafe, Gybte, Storj) + +If you are very convinced that BaaS solutions and dapps platforms will be the big winners for 2018, then Elastos is your pick as far as I can see, because it is probably the best BaaS and dapps platform with near infinite scalability and the best decentralization and thus does what 32 coins do. + +3 Closing Questions + +All of the above findings leave me with those 3 questions. What are your thoughts? + +1. Why invest in any of Dapps platforms (Cardano, Neblio, EOS, Stellar, Neo, Aeternity, Rchain, IOST, Ziliqa, Ethereum, Eth classic) when Elastos and Skycoin do everything they do, are much more decentralized and scalable through side\-chain/off\-chain/horizontal scaling and offer lots more functionality beyond that? +2. Why invest in any BaaS (Ontology, Komodo, NEM, Ark ,Dragonchain, LISK, Stratis, ARDR) if ICX and VeChain offer everything what all of the above offer and already have 10x more partnerships than their competitors? +3. It looks like out of all 35 platforms, only 5 are really strong: IOTA, Skycoin, Elastos, VeChain, ICX. While the first 3 seem to cover already almost half of the top 100, the last 2 really convince in the partnership department. What's the argument for investing in any of the 30 other platforms? Maybe that they can specialise on a specific feature set, however, is this really a convincing argument? The cryptoworld is harsh and if you can't keep up with competition, you'll be moved out of the market quickly. +Iā€™ve seen a number of recent threads here on divorce and it made me wonder whether the fat crowd were more likely to get divorced than average. I also think of many high profile leaders in business, many who are divorced (eg Musk, Gates, Bezos). + +In many cases in the business world, it looks like a couple who married fairly early in a personā€™s career and their life/persona changed over the course of the success of their business. + +For the fat crowd, weā€™re obvious not at that tier but I wonder if some of the same principles apply. According to some online resources, common factors include: + +* big disparities in income earned +* emotional distance due to one person spending most of their time on their business / physical separation from traveling +* emotional distance from 2 people working all the time + +Financial freedom also eliminates situations where couples need to stay together in order to afford a house and raise kids. + +Iā€™d like to hear anybody whoā€™s gone through this or people whoā€™ve found a different positive path (eg fatfire allowed people to spend more time together). + +This is also instructive for the people here who are about to get married/asking about prenups/heading toward fatFIRE to hear the possible outcomes down the road. +* Shares of Netflix cratered more than 23% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. + +* Itā€™s the first time the streamer has reported a subscriber loss in more than a decade. + +* Netflix blamed increased competition, password sharing as well as inflation and the ongoing Russian invasion of Ukraine for the stagnant subscriber growth. + +* For the current quarter, Netflix said it expected an even steeper decline in new users. The streamer said it sees subscribers declining by 2 million in the fiscal second quarter, whereas consensus analysts were looking for a gain of 2.4 million. (h/t /u/Tellon) + +[Sub Growth](https://imgur.com/a/cYtSopG) +Do the majority of economists agree or disagree with Andrew Yang's proposal of Universal Basic Income? I have zero background in economics but his proposal of $1K/month to all seems like a solid suggestion (I say that as somebody who doesn't receive any government subsidies and disagrees with raising the minimum wage). +The bulk of the world's car manufacturing is handled by 60 different manufacturers. The US alone has slightly less than 8,000 banks/credit unions. Why do people think that only their precious chosen coin is destined for success, while all others will fail miserably? + +Having this "my coin is going to do better than your coin" mentality is toxic. Most cryptocurrencies depend on each other's success and can coexist together perfectly. + +Why can't we be excited for and supportive of each other's investments? +So in the attempt to save money and help pay down my credit card more, once again I have had the willpower to not buy fast food for the entire week. +On Sunday, I went to Aldi and bought $100 worth of groceries to hopefully last me for 2 weeks. + +Sunday night, I made a take and bake pizza from Aldi (I didn't really like it. The crust was kind of doughy and the sauce was too sweet for my liking but considering my roommate caught our oven on fire last week, the doughy crust might be a result of that.) + +Monday, I just ate leftover pizza before one of my final exams. Even though I didn't like it, I didn't want to waste food. + +Tuesday, I made a simple oven bake Campbell's skillet meal type thing. It was literally two chicken breasts, one potato cut in half and I poured the sauce over it. Baked in the oven at 400 degrees for 50 minutes and it was delicious. It was perfect considering I had 2 final exams on Tuesday. + +Wednesday, I had my last final exam. I utilized my crock pot and made a pot roast with carrots and potatoes. Cooked on high for 6 hours. + +Thursday, had leftover pot roast. Was even better the day after. + +And Friday, I made cheesy chicken and rice. Utilized the crock pot again. I have enough leftovers to last me the entire weekend. + + +I'm really proud of myself again for not buying fast food. Especially with it being finals week and the end of my school's semester. My roommate isn't paying her share of the utilities (sigh. Cannot wait for March) and while that's stressing me out big time, I didn't give into temptation of buying out as "treat". I'm able to pay the utility bills in full this month since my roommate is being a a-hole and refusing to pay her share. + +I can give more detailed recipes for what I made this week if anyone wants them! And if anyone has some easy recipes to share, please send them to me! +**GMO** published a great chart on four major U.S. equity bubbles and the Japanese equity bubble of the late 1980's. + +[https://www.gmo.com/europe/research-library/wounds-that-never-heal/](https://www.gmo.com/europe/research-library/wounds-that-never-heal/) + +The chart shows the damage done when the bubble bursts, and then tracks how long it subsequently takes an investor to climb back to a 6% real (after inflation) return. + +**Itā€™s typically decades!** + +Even with the amazing returns U.S. stocks have delivered for the past ten years, **the S&P 500 Index has still not climbed out of the hole created by the tech bubble of 1999** (look at the red line). + +Bubbles inflict deep and cruel wounds, and it is right and prudent to avoid them, exploit them, or dance around them as best we can. + +Spare a thought for all the investors invested in overvalued and / or no profit or even a hope of a profit companies or funds. +Much like everything on reddit, this sub tends to be quite US-market-focused, while there is a world of wealth out there in other markets (ones I, personally, know far less about). + +Any thoughts on the LSE? Or European markets? Japan? Finland? heck... South Africa? +Title pretty much summed it up. My grandpa has about $1,000,000 in physical USD, and has a bit more than $1,000,000 in gold ounces that he wants to give to me upon my graduation. He's never trusted banks or bankers, so his assets are practically 100% tangible. + +I want to invest the money ASAP to pursue fatfire, but there's one glaring issue I'm facing. If I deposit over $10,000, the bank has to report it to the IRS, but if I break up the deposits, then the money might get seized by the IRS. What's the best way to go about this? I'm fairly sure that the money was earned legally. + +I'll be speaking with a CPA and an estate planning attorney later this week, but I just wanted to check and see if anyone had a similar situation. +(TL;DR: I worked for an online travel agency that scams people - please avoid their sites, I name them below) + +Hey guys, fellow redditor here with a throwaway account because I donĀ“t want this post traced back to me! :) + +I worked for an online travel agency that has a number of sites: Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets. All these are the same company. I was on the call center for a while, and we were bluntly told to omit mentioning refunds unless the passenger specifically asked for it, and more things that are a scam, illegal, or just wrongdoing. + +I hope this post can, in a way, give back to this sub that has helped me in a lot of ways.. at least avoiding you or the people you love to lose money or go through an awful time. + +Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets offer airplane tickets at a cheap price, while also offering "services" like faster customer service, cancellation insurance, flex-ticket service, things like that. As a lot of online travel agencies, they tend to have some sort of "fine print" on what they offer. Their sites are not an exception, I would say they basically run on fine print because itĀ“s just disastrous. + +I will list things that are just plain wrong. Surely there are more, I just wonĀ“t waste time thinking forever of all of them because I just need for people to stop getting scammed. I am not a lawyer so I donĀ“t know if the term "scam", "illegal" or whatever legal term I use is correct, all I know is that they get money from people when they shouldnĀ“t, or they take advantage of the situation and demand money that the person in that situation cannot say no. Here it goes: + +* If a passenger wants to cancel their flight, and the ticket is non refundable (by the airline, that is), the person has the right to be refunded the taxes on their ticket. This company I worked for, clearly told us that we could NEVER offer to refund the taxes. Only if the passenger requested to be refunded the taxes, then we should refund the taxes MINUS 50 euros for "administration fees". I will break this down: Ticket = Fare + Taxes. When the airline says "cancellations are non refundable", they are saying "the fare is non refundable". The taxes are legally from the passenger, so the passenger has the right to demand to be refunded their taxes. So the fact that we were told by this company to omit this information to the passengers and keep the money that is legally theirs, we are obliged to steal, and we are called by supervisors when we donĀ“t follow this "rule". Not only that, but if the passenger demands their taxes back, the company takes 50 euros from that refund for making the transaction (note that if the taxes you were going to be refunded were 48 euros, sorry, our administration fees are 50 euros so there would be really nothing left so your ticket is non refundable at all). +* Getting back to the 50 euros thing... Their "administration fee" for whatever transaction (change in flight, cancellation) is 50 euros, and for adding services (aka bags, adding a pet, reserving a seat) is 20 euros. This is only what the company charges per passenger to make any of these changes/additions, this means that if the airline charges you 150 euros for adding a bag, you have to pay them what the airline charges PLUS the fess from the company. Per passenger and per transaction. Travel agencies can charge what they want I suppose, even if I think they are absolutely greedy/crazy for charging what they charge, but the thing is that these things can be done directly with the airlines most of the times and it sucks that people have to lose so much money when they went to these sites looking to save money on the first place. +* People get their flights cancelled or their tickets are never created because of pure wrongdoing. The company has a disastrous training. This means when the call center agents start taking calls and making changes in flights and everything, they have never even done that once, they learn as they go. This means that a lot of times flights get cancelled by mistake, and this is not something that can be undone. Sorry passenger, you will get refunded in a million years (more on this on the next point). Or the passenger payed for everything but the ticket is never issued, because an agent never sent it to the right department (again, because they did it wrong or just forgot that part or whatever, agents should have proper training in order not to play with peopleĀ“s money and life like this, travelling is not just leisure - people need to work or get a surgery or see their family). The number of times people have called me from the airport saying "the airline says I donĀ“t have a ticket, but I payed for everything" is just so effing high. There are more examples like this, people that have paid but their bags were never added so they have to pay more at the airport directly, the change in flight is not what the agent told you via phone, I donĀ“t know, it just goes on forever. +* Refunds take an average of 3 (!!!) months to be completed, but for a while now they have been waaaay behind schedule, this means the refund can take a lot more. 7 months? 10 months? Yep, totally "normal". The company tells their agents that they have to say thet they depend on the airline to refund them the money so they can refund the passenger. The thing is, if a person books directly with an airline and the passenger cancels the ticket, the refund is completed well within 15 days. This is for the vast majority of airlines, I have never heard of them taking longer. So why a travel agency takes this absurd amount of time to refund the passenger is not only shady, but not a good practice. People I have spoken to on the phone have been waiting almost a year for a 4-digit refund, that is not a small amount of money. Even if it was way smaller, I remember a lady telling me "I need those 200 refunded as soon as possible, I have to eat!". + +As I said before, there are more things, those are the biggest ones I can think of right now. They play with peopleĀ“s money, and with their employeeĀ“s too. You can probably imagine that there is a pretty bad work environment, and there is. + +My goal with this post is to spread the word, to prevent you or anyone you know to avoid Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets. DonĀ“t get tempted by their prices, because you can possibly have a very bad experience, were you can lose a lot more money than if you just purchased a ticket directly with the airline. + +Thanks for reading, I hope this helps you in some way :) +I know some developers and real estate agents do their own properties from start to finish. Although I talked to a couple and they prefer just to do their business? I am just curious if I had the skills and patience to learn constructions or take my real estate exam, I think I would be all over doing every single property to maximize my income. Just wanted to know your thoughts. +Each bank only insures 250k even if itā€™s spread out through different accounts. + +What Iā€™ve started doing is opening accounts in different banks in order to have each bank ensure 250k. + +I know it is very unlikely for the banks to default but after 2008, I would like to mitigate all of my risks. + +Any advice on a different way in which I can make sure the money in the bank is well protected? +Hey. Iā€™ve noticed the love for SCHD is really strong in the subreddit. I was just curious how SCHD is any different than VUG or QQQ. I understand SCHD has different holdings, but why else is this etf so loved? Is it the yield mainly? Will this etf have a share price of $300-$400 5 years down the road similar to QQQ and VUG? And why am I just now hearing about SCHD. I feel like it wasnā€™t really talked about back in 2017,2018, or 2019. Every time someone mentioned an etf to me back then it was always QQQ. +So this might be common knowledge but I figured I'd post it anyway since it don't see it brought up very often. People rave about meal kit delivery services because of the variety they offer and how easy their meals are to prepare. Unless you do not have access to a grocery store, there is NO reason to pay $10/person/meal for their service. I go through their menus and pick out the recipes I like and add the ingredients to my weekly shopping list. Most of the ingredients are already in my cabinets and fridge, and the ones that aren't are not hard to find and are usually pretty cheap. + +I've used their free online recipes to teach myself to cook healthy, delicious, restaurant quality food for $3-$6/meal/person. I realize that may even be too expensive for some of you guys but it's a good way to teach yourself to cook and help yourself get healthier (one of the biggest reasons people file for bankruptcy in America is medical debt!) + +I know finding ways to eat healthy can be a struggle for those with a lower income, so i figured I'd share what I do to get those meals you see on your friends instagrams at a third of the price. +I have been to a few 2/3 star places and yes, theyā€™re often incredible experiences, especially when itā€™s your first time at that particular one. However, Iā€™m wondering if thereā€™s any other world-class food/drink experiences that are well worth the investment - cooking classes? Wine cellar tours? + +Basically anything besides just a world-class restaurant experience - honestly I donā€™t even know what sorts of things Iā€™m looking for, but I feel that I donā€™t know whatā€™s out there besides ā€œjustā€ the restaurants. +Seems like there are multiple weekly posts here by young adults saying that they're just turning 18 and their parents are tossing them out of the house. But reasons are rarely given. + +For those of you that have been in that situation (either parent or child), and it's now a few years in the past so no longer "heat of the moment" thinking, what were the reasons that caused the sudden get-the-heck-out problem? + +Just surprised at the sheer number of these posts, and can't believe that it's mostly parents just wanting to begin living a kid-free life. + +P.S. To make this also a PF discussion for the young adults out there too, then as a parent I'd suggest staying ahead of this get-out-now possibility by: + +---Helping out with some chores regularly around the house (without being nagged to do them) + +---Either working a decent amount of hours or going to school (college or trade), or both. + +---Not spending all your work $ on partying and/or clothes and/or a fancy car. Kick something back to the household once in a while if you're going to continue to live there longer term as an adult. + +---And IMO very important here --- sharing some life plans with your parents. Don't let them assume the worst, which would be that you have no plans for the future, plan on living there indefinitely, and that you'll just spend all your $ on parties and/or video games and/or sharp clothes and save none of it. 99% of us parents want to hear about your plans + dreams! + +---Finally, if you're in this get-out situation and there's no abuse involved, then sit down with your parents, implement some of the above items, and either negotiate a longer time to stay so that you can get your plan working (share it with them) or offer to start paying some rent. + +Edit: Above tips in PS are meant for young adults with a reasonably normal home life situation. It's been pointed out to me that I'm assuming most 18-ish year olds have reasonable parents, and that a decent bit of time this may not be the case. + +Edit 2: Wow, this thread really blew up, and with a huge variety of stories + opinions. While I haven't gone through every post, between what I've read here and a few PM's I've received there's a wide, wide spectrum of beliefs here. They vary on one end from, paraphrasing, (a) majority of parents out there are horrible and dump mentally on all around them including their kids, so zero of this is on the young adult (doesn't bode well for our society going forward if that's true), to on the other end (b) kids with their phones, video games, etc and general lack of social skills and motivation give parents good reasons to have them hit the road at 18 (also doesn't bode well for our society going forward if this general description of young adults holds true). + +Edit 3: Wow again. Woke up to Reddit gold and silver. Much appreciated! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi guys, + +Very contentious question here, do rent controls make renters better off? + +I've heard two sides, one side is that yes it does it prevents renters from price gouging; especially in areas with a 'monopolized' housing market i.e. where there are only a handful of different landlords who actually own the housing in said area thereby having more power to set rents at the price that they see fit. + +The other is that it leads to less new houses being built, restricting supply, and raising rent as a result. + +Which one is it? + +Does the fact that housing is an inherently scarce asset given that land is finite especially in urban areas play a part in answering this question? + +All the best +What's the right course of action? I only found out recently that someone has been using my ssn to make payments. My credit score right now is about 700 due to this person. + +Edit: I have yet to open a credit card and actually discovered after getting denied from a credit card. This looks like synthetic fraud and I'm going to go ahead and lock my accounts +In this video, Ray Dalio talks about the rise and fall of different economic powers over the last 500 years. I felt in a (not so) subtle way he was also indicating towards China rising to be the next global power. What are your thoughts on his ideas after watching this video (highly recommended if you haven't) or reading his book? + +[https://www.youtube.com/watch?v=xguam0TKMw8](https://www.youtube.com/watch?v=xguam0TKMw8) +M47 - married, 20M net worth. 5.5M in brokerage accounts, 300K in retirement accounts, 3M equity value of real estate holdings. The balance in private company stock, that pay ~100K/year in dividends and I can sell back to the company in periodic installments + +Both my spouse and my parents are still alive. Hers don't need support, mine do. Likely 2K more a month. We are already subsidizing about 1.5K a month. While we can afford it I worry about the fairness of supporting them and not other family members, wife's family. Will this open up Pandora's box with distant family now seeking 'support'. I can ask them to keep it quiet and I think they will, but when they have a sudden increase in lifestyle, it will be obvious. Also, I worry that its 2K now, 3K next year, next thing you know I'm supporting 10K a month. + +They have a credit card that has a balance, likely 3-4K that they're likely paying ~20% on. I could wipe that out and charge them less interest, but their would be another card and another balance in a year. They aren't wasteful, just normal expenses with inflation and their retirement pension stays the same. Thankful they have good medical. + +It is difficult for me to see my parents living thin, fixed income, complaining to me about inflation while we are living pretty fat lives (private aviation, multiple vacation properties). + +I could just take over all their finances, income, expenses and just make sure there cash going into a spending account each week. But there is a dignity issue, in that they tell me they don't want to 'be a burden', if I go this route it will be crystal clear that they are dependent on me. This would be better than the monthly awkwardness of them asking for $ with a stressful narrative of that 'one expense that hit them this month'. + +This is my first post in FatFire. I'll gladly verify fatness with moderators. + +Thanks +My mom is divorced and has about 29 M liquid and owns one house worth 1.4 M. She lives well within her means, but Iā€™m worried her and I (separate accounts) wealth management company is taking advantage of her lack of financial knowledge. She recently to me that they recommended doing a reverse mortgage for 500k on the house for remodeling. With rising interest rates and the fact she could pay cash for the remodel, Iā€™m worried that their milking her. I also came across a projected income model from them and their manage fee is 5% of post tax income. + +Relevant Info: the management company is full service for high net worth individuals and includes doing taxes. They used to manage my parents money when they are together. Now two different wealth managers manage my moms money and my dads separately. + +TLDR: Iā€™m worried that my mothers wealth management company is taking advantage of her. +Just curious. Always been interested in RE investing, but since looking at it closer, Iā€™ve been wondering whether itā€™s the best use of my cash. + +Enlighten me ! + +EDIT: I mean historic stock market returns of 6% +LivingAFI was always the quiet, philosophical, somewhat tortured book-end to MMM during the mid 2010's. He wrote a lot less frequently, and never had any ads or recommended products; simply good, long-form, very introspective thoughts on FI and life. + +He's barely posted since he retired in 2015, and today is the first time he's posted in 5 years. The intervening 5 years have covered the happiest year of his life, the worst year of his life, health issues, divorce, and a return to work. + +It's interesting, sobering, and worth the (long) read. There's a lot to unpack, and it speaks a LOT to the things discussed on this sub constantly: What will I do with my time after I retire? How do I find purpose without work? How do medical issues affect the best-laid plans? Is going back to work 'giving up'? Will being retired make you happy? + +I hope this doesn't run afoul of any 'promotion' rules here: I have no affiliation with him, and he has no ads or products; I think this is a fantastic post to foster communication, and it is a very in-depth look at things that get discussed every day in this sub. + +[Post is here](https://livingafi.com/2021/03/17/the-2021-early-retirement-update/) for those interested. +So my fiancee recently got rear ended by a Georgia DOT truck. Not her fault, truck undamaged but on her car both tail lights smashed out trunk and bumper dented. Lights still work fine. + +Anyways she calls her insurance to report the accident, describes the damage, and they remove her car from the policy and tell her she legally doesn't have insurance anymore on the car. So she's out a car for now. +All the turn indicators and break lights work fine, they haven't even seen the car yet. Is this common practice and what should she do now about getting something to drive? + +EDIT: After some clarification it seems the car is uninsurable because of the damage, so technically not road legal. + +EDIT2: After talking to my fiancee again after she got home, her insurance never told her that the vehicle was removed. That started from her mom, (who is the main policyholder) assuming the car was removed because when she logged into the insurance portal it kept prompting for her to reinstate my fiance's car. So clearly it was a miscommunication problem. I appreciate all the answers and we are going to try for a rental when the state's insurance office opens on Monday. +This is the official $GME Megathread for r/Superstonk. 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While we are all enjoying this amazing price action and participating in the greatest transfer of wealth in human history, it seems like a lot of apes think this is a hot topic and needs to be addressed. It might seem silly on the surface but transparency from the mod team in our actions and creating clear rules is important, so we absolutely get it. + +Here is the conundrum we find ourselves in: + +If we allow these to continue, it will create a lot more spam and certainly work for the mod team. We will not be devoting time to actively seek out bet violators. We will need the community to bring these situations to our attention. + +If we do not allow these posts in the future or limit their scope there's gonna be a lot of apes upset and will look to circumvent the guidelines. Here we will also need the community to help bring these situations to our attention. + +The mod team is conflicted on how to move forward so the most appropriate course of action seems to be to put it up for a vote. Please choose one of the following options in the poll: + +**Option 1** \- Allow these types of post to continue without any interference from the mod team as long as sub rules and site-wide rules are not violated (this includes using NSFW tags when appropriate). If the OP does not follow through they will receive a perma-ban. This might seem harsh but it will encourage apes to not make frivolous bets and will hopefully reduce the volume of these types of posts. + +**Option 2** \- Allow these types of posts to continue at the mod teams discretion on a case by case basis. Some of these posts have gone over the line and situations like self harm, illegal drug use and sexualization can be a bad look for our community. Bans would also be handed out at the mod teams discretion. + +**Option 3** \- No posts like these allowed period. We understand a lot of apes consider this to be forum sliding. + +[View Poll](https://www.reddit.com/poll/pbfdr7) +Hi Apes, this is my first "DD" so go easy on me but feel free to correct anything that needs it. + +A few days ago I started posting updates on "Dark Pool" trades (Alternative Trading Systems, or ATS) and had a lot of feedback that I was sharing information that was misleading and that GME dark pool percentages were no different than any other security. This may be true as far as percentages but take a look at these charts comparing GME's Dark Pool Indicator to other securities Dark Pool Indicator, or DPI's. + +When DPI is higher than usual, that means there was more buying than usual in dark pools. + +[When DPI is higher than usual, that means there was more buying than usual in dark pools.](https://preview.redd.it/dxgh1l0lqse71.jpg?width=1707&format=pjpg&auto=webp&s=fcbc12b94995087a820f23509778bf8b0e2188f8) + +Now, lets take a look at GME's Dark Pool Indicator vs Other securities. + +[GAMESTOP - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/x39jaw3wsse71.png?width=3360&format=png&auto=webp&s=5b98863d889724a7dc41e6fbefb21e9e1c7df426) + +Notice how GME's DPI (64% DPI, higher than any other security) was very consistent prior to Januarys run up. Now look at the change that's taken place since. You don't see those large movements up and down. It doesn't fluctuate as it use to. If my research is correct this means that there is a lot more buying than selling going on in the Dark Pools. This would make sense if shares are being bought in the Dark and sold on the lit exchanges which would drive the price down causing the artificial value of GME. Also, check out the light orange color at the bottom of the chart between the volume and DPI. Thats the SI on GME. Someone tell me how the SI on GME has been between 20M-80M shares for 1-2 years or more but then suddenly apes figure out they have the SHF's up against a wall and BAM....drops like the Time Square Ball on New Years Eve . I don't think so Kenny!!! + +Now lets look at the same chart with the same dates for Apple. + +[APPLE - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/wbizrfbysse71.png?width=3360&format=png&auto=webp&s=84e36cd768623c3ab69acf6968010e16768b395a) + +Although the price of Apple has moved up significantly the DPI has not. Because no one cares to drive the price of Apple down. Interesting huh? + +And Amazon.... + +[AMAZON - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/6d448m9tsse71.png?width=3360&format=png&auto=webp&s=247ab5a8da12dfc11db6586348bafc653731b0a1) + +Although the price of Amazon has moved up significantly the DPI has not. + +And Disney... + +[DISNEY - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/lw9humhjtse71.png?width=3360&format=png&auto=webp&s=bed136a1c4ffe1fef246482d212c399217e1d246) + +Although the price of Disney has moved up significantly the DPI has not. + +And Microsoft... + +[MICROSOFT - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/68zr2ktttse71.png?width=3360&format=png&auto=webp&s=8e1311d7713fba6cb018a48daae17689040997b0) + +And the last one, Facebook... + +[FACEBOOK - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/nv630wm1use71.png?width=3360&format=png&auto=webp&s=0dc0d3fc7175d46a44184f7789cea16d246c11a4) + +The DPI caught my eye and is very interesting. I believe the GME Dark Pool Trading is very different than any other stock in the market. They all know what they are up against and will do anything at this point to keep it from happening. This is confirmation enough for me to HODL until the lights cut off. And now I know the percentage of Dark Pool shares in the volume isn't really what matters. + +***IT GETS BETTER. SOMETHING ELSE I FOUND WHILE SNOOPING AROUND..*** + +Dark Pool, or ATS, volume is shown in the volume of each security during trading hours. We just do not get to see the details of the trades. But I was looking through the FINRA OTC (Non-ATS) data that was reported for GME from December 2020 and May 2021. What I found is ridiculous. + +**Citadel, and all the other OTC exchanges, traded OVER 1.27 BILLION shares of GME between Dec 2020 and May 2021. And these share DO NOT reflect in the volume the public can see!!!!** + +Lets narrow it down to Citadel. *Keep in mind there are ONLY around* ***75,000,000 tradable shares of GME*** *in existence.* This includes institutional ownership and what the apes HODL. + +For the week of January 19th-22nd the total volume of GME shares traded on lit exchanges (the volume the public can see) was 357,394,137 million shares. Of those shares 29,392,454 million shares were traded in the Dark Pools. Now get this...OTC GME volume for the same week...170,039,730 shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 80,131,562** + +[GME Volume for Week of 1\/19-1\/22 highlighted.](https://preview.redd.it/4mvtcrmpvse71.jpg?width=1610&format=pjpg&auto=webp&s=5195a89a09b748c14b9b0c505a9084e448d2d63d) + +[OTC \(Non-ATS\) Data Details for Week of 1\/18\/2021](https://preview.redd.it/1yhswv98xse71.png?width=2732&format=png&auto=webp&s=f1a2c72d115e294b166fe55317b97153d738316c) + +&#x200B; + +For the week of January 25th-29th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 533,339,836 million shares. Of those shares 44,126,023 million shares were traded in the Dark Pools. OTC GME volume for the same week...184,322,069 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 92,991,756** + +[GME Volume for Week of 1\/25-1\/29 highlighted.](https://preview.redd.it/m5nepjcbwse71.jpg?width=1560&format=pjpg&auto=webp&s=914314554bd539b967777b7608b43037a2a86d04) + +[OTC \(Non-ATS\) Data Details for Week of 1\/25\/2021](https://preview.redd.it/ml2uxnjmwse71.png?width=2732&format=png&auto=webp&s=f02b7ba9e5d677a261ef64c9c1c3e8c9eb0b2daa) + +&#x200B; + +For the week of February 1st-5th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 294,187,394 million shares. Of those shares 24,960,707 million shares were traded in the Dark Pools. OTC GME volume for the same week...147,148,134 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 67,048,361** + +[GME Volume for Week of 2\/1-2\/5 highlighted.](https://preview.redd.it/m133sucbwse71.jpg?width=1536&format=pjpg&auto=webp&s=147d4373ba45b0144f6017dedc6d4318551573fe) + +[OTC \(Non-ATS\) Data Details for Week of 2\/1\/2021](https://preview.redd.it/eggbs8kmwse71.png?width=2732&format=png&auto=webp&s=9d15862da8bd7e1baa8721ada25209e108b84d2c) + +&#x200B; + +For the week of February 8th-12th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 114,243,319 million shares. Of those shares 6,997,461 million shares were traded in the Dark Pools. OTC GME volume for the same week... 49,113,110 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 18,848,780** + +[GME Volume for week of 2\/8-2\/12 highlighted.](https://preview.redd.it/ju78vhcbwse71.jpg?width=1544&format=pjpg&auto=webp&s=570fbdbca2bd48962d248f43d9e9986257a31e45) + +[OTC \(Non-ATS\) Data Details for Week of 2\/8\/2021](https://preview.redd.it/gkqyk240xse71.png?width=2732&format=png&auto=webp&s=5c9b1a9d9d7356477566f086d846499c876715c7) + +&#x200B; + +These are just a few weeks out of the year. I understand that the volume comes from high frequency trading and that its buys and sells, **but seriously**....this is an insane amount of GME being traded. I wanted to post FINRA data from other securities and show you how the OTC trades on Apple, Tesla, FB, MSFT, WMT, and others do not compare to the amount seen in GME but it would have made this way too long. Go check it out for yourself. Its incredible. Ill post the link at the end. ***READ EDIT 2 BELOW!*** + +**TL;DR: The Dark Pool trading in GME seems to be way more buys than sells. Appears the sell are happening in the lit exchanges as everyone predicted. Over 1.2 Billion shares of GME were traded in Over-the-counter exchanges between December 2020 and May 2021. The 1.2 Billion doesn't include Dark Pools or Lit exchanges. Other securities such as Apple, Tesla, and FB do not come close to the statistics of OTC percentage of shares traded vs tradable shares seen in GME. There is no way the SHF's covered. This is mind boggling for me. HODL because we like the stock a lot. Moon coming.** + +EDIT: Thank you everyone for the awards and positive comments. Being my first DD I just knew I was about to get hammered by the wrinkles. I was prepared. Hopefully, the Real Wrinkled Brains can chime in soon if they see it. + +***EDIT 2: I forgot to mention that Citadel Connect is a Dark Pool that doesnā€™t report to FINRA, as mentioned in this subgroup before. ā€œNumerous reliable reports suggest*** [***Citadel Connect***](https://tokenist.com/in-depth-citadel-connect-and-dark-pools-uncovered/) ***is indeed a dark pool. Interestingly enough however, Citadel Connect is not registered as an ATS, nor does it report its trading volume to FINRA, which is overseen by the SEC, per a 2015 Reuters reportā€. Think about that for a minute. Citadel trades securities OTC, as an (unregistered) ATS, and executes approximately 47% of all U.S.-listed*** [***retail volume***](https://www.citadelsecurities.com/products/equities-and-options/)***. INSANE! Imagine what they are hiding that we will never know about in this ā€œfree and fairā€ market of ours. What they are not reporting is key for SEC to find out IMO.*** + +\*This is NOT financial advice and I have no clue about any of this stuff\* + +Sources: + +[FINRA OTC Transparency Data](https://otctransparency.finra.org/otctransparency/AtsIssueData) + +[Squeeze Metrics Documentation](https://squeezemetrics.com/monitor/docs#dpi) +We're looking at purchasing a first home, income is high enough that lenders have made it clear they're willing to lend us much more than we're asking, credit score is about a 770, and we're putting 20% down for a 15 year loan. + + +Online lenders appear to be offering rates just under 4%, claiming a flat $1500 fee, which they say part of which could potentially be waived in some cases, while local lenders are wanting closer to 5% with fees. + + +The real estate agents we've spoken with are saying online brokers are slow and sometimes that makes it hard to compete in a fast moving market, although I think that's typically for people whose situations are more complicated than ours. + + +It seems like we're fairly ideal people to lend to, so I'm wondering, is there something else about online lenders I should be wary of, or is this the same fear of online banks that was so common 5-10 years ago? +We are in Massachusetts though I'm not sure what other information I should be including here. But I'm asking for advice on what I can do to help in this situation. + +She was a stay at home mom and only has a high school diploma. She has off and on part time job experience but nothing full time within the last 20 years. + +She's frantically searching for a job and even has an interview as an office assistant next week but is freaking out that she can't pay the July bills. + +I moved back in with her and am starting a funded PhD position in September at which point I can contribute more directly to the finances. I'm working now but not making enough to contribute much more than paying the water bill or her phone bill every month. + +I guess I'm here to ask people more experienced than me what we can do to make sure my mom can live at least comfortably from now on. + +Edit: some more information that seems pertinent is that + +1. She owns the house +2. She knows she needs to work but is more worried about building up a retirement account +3. I will be contributing around 500 a month +4. We live in a lower cost of living area than Boston + +Edit 2: Holy Moly! You guys really came through with solid advice! I expected maybe like 10 replies! Thank you all so much for this help! +Apes, I come to you as a fellow primate with excellent news: my wife finally left me. Now I have her boyfriend all to myself. + +Before I reading, I just want to express that predictions and dates should not be taken as absolute and that these are just my opinions on what COULD be coming. I am also well aware that correlation does not equal causation and that these correlations could be coincidences, so please don't comment that, these are just my thoughts based on research that I've done. I've done many posts on GME and these are all my personal opinions based on my research, so do not take them as fact. This is not financial advice, I am not a financial advisor. + +There's been an onslaught of news regarding GME in the past few weeks and days, and I believe that there is more to come and that because of that the squeeze is inevitable and in the near future. + +**The news:** + +\- Amazon + Chewey Execs being appointed + +\- RC being named god of the board + +\- GME announcing the search for new C.E.O. + +\- GME paying off senior notes (today) + +\- The announcement of GME's right/intention to sell 3.5M shares or $1B in value (this may not seem important but I'll explain why it's crucial later) + +\- The announcement of the definitive date for the annual meeting (6/9 lmao) + +**Why it matters:** + +The past two weeks have been bombarded with news from GME, and almost all of it deals with leadership or the transformation. I believe that this bombardment of news is extremely intentional. The reason that I believe this is because of their announcement of the right to sell those shares. When GME made this announcement, the stock was at $190. GME knew full and well that anytime an announcement like this happens, the market would react negatively to the stock, and, because GME is so volatile and the victim of abusive shorting, that negative reaction could've been huge. Despite knowing this, they decided not to sell at that moment. I deduce from that lack of action that GME believes that the stock will go WELL ABOVE that $190 level sometime in the future because if they really wanted to capture the value of the stock at $190, they would've just sold the shares instead of reserving the right to do so. With that being said, I believe that they are actively trying to set up the stock for a massive run that could potentially trigger a squeeze so that they can capitalize on a price that is well above $190. If this wasn't their plan, then it made zero sense that they didn't just sell at $190 knowing that the announcement would tank the stock, which it did. Finally, when almost every analyst (boomers) says that GME is grossly overvalued, it is irresponsible of you as a corporation not to take advantage of that extremely elevated share price unless.... you have reason to believe that it will soon be substantially higher. Therefore, I believe that the recent slew of announcements is their attempt to make that happen and that we should see more announcements in the near future because they are probably well aware that being lax about this could lead to decreased interest in the stock. + +To add to this, GME has repeatedly warned in their S.E.C. filings that suspect shorting activity on the stock could cause it to squeeze (they have said this twice since the original squeeze). This, to me, seems that they are covering themselves so that they can't get sued for market manipulation if it does indeed squeeze. What's even more interesting about this is that maybe they have data that is not available to apes and other primates that suggests that the shorting activity is even more abusive than any of us thought (again just a theory). + +**Catalyst** + +But what could the next announcement be? It's very difficult to actually know. The paying off of the senior notes caught me by surprise but isn't news that would actually propel the stock to the stratosphere. I believe that their next catalyst will be something about either the C.E.O. position or the digital transformation. GME could very well announce Cohen as the C.E.O., which would undoubtedly send the stock to the stratosphere. They could also announce something about an acquisition or something related to their shift to e-commerce. Again, this is simply conjecture, but I believe that GME is going to make some kind of catalyst announcement soon to push up the price. However, the biggest and most crucial catalyst could be a share recall. First, I want to stress that GME itself cannot recall shares, only individual investors can do that. If only there was an investor with a ton of shares in GME who has an active interest in making the stock go higher and has tweeted cryptic messages about hating shorts and bears... oh wait. If Cohen or another whale with a high stake in GME announces a share recall, that could be the ultimate catalyst for us. Or, if the hiring of a new executive/board member requires a vote, an activist could do what Hestia did last year and recommend that all shareholders recall their shares (see my previous DD on that). + +Personally, I thought that the Cohen news would propel us to the moon, but I guess not. Maybe that shows more proof that shorts are in really deep. + +**Timing** + +The timing on the possible above-mentioned catalyst could not be more perfect. First, our lord and savior Mr. Gill's calls expire this Friday. At the same time, GME is forming what many are calling the mother of all wedges on extremely low volume (pictured below). The apex of the wedge should be this Thursday or Friday but could get pushed back to sometime next week if we still trade sideways. As many of you know, the options volume for this Friday is also through the roof as most of GME's monthly options are. What I'm hoping for is that GME announces some kind of catalyst in the coming week that will make a whale who is not invested in GME think "wow the stock is consolidating in this giant wedge pattern and is relatively cheap... time for some chaos." Finally, we have the 4/20 (lmao) deadline for shares to be recalled ahead of the annual meeting. I have trouble believing that GME is not going to do something before that deadline to trigger a price jump because, as I said previously, they have a vested interest in getting this above $190. + +Here's the mother of all wedges that is actually forming with the mother of all cup and handles (yeah I know the cup and handle might be a stretch): + +&#x200B; + +https://preview.redd.it/c58px0bui0t61.png?width=1428&format=png&auto=webp&s=6cf2c498feccf05e468d3dc2c0d7fb570923a02b + +Finally, I also said in a previous post that GME is correlated extremely closely to the VIX. Many have said that it is inversely correlated with SPY, which seems to be true, but it is even more directly correlated with the VIX. This leads me to believe that GME does not move when the market is bad, but GME moves when the market is volatile (which usually happens when the market is bad). And, oh would you look at that, SPY is at $412 and is overbought and the VIX is at $16 (pre-pandemic levels). Looks like the market is thirsty for some nice volatility. For more on this, I encourage you to read "the everything short" post, which provides a much more in-depth analysis of how the market could crash and how GME relates to that. + +Here are the charts. The first one is VIX and the second is SPY (both are the purple lines), as you can see, the VIX lines up extremely similarly with GME and SPY seems to be inverse to GME. This shows that GME does best when conditions are volatile or that GME creates volatile market conditions. As stated previously, the market is very overbought right now and there is very little volatility, so GME may soon be primed to change that or benefit from a change. The thing to get from this is that, based on GME's relationship to SPY and VIX, this is another indication that GME is in the perfect position to have a breakout as SPY is overbought and VIX is extremely low: + +https://preview.redd.it/92blf0gxm0t61.png?width=1950&format=png&auto=webp&s=f9bd5bff8b3b6656ff1fda7c1a5336e59a596509 + +https://preview.redd.it/3tedvwfxm0t61.png?width=1948&format=png&auto=webp&s=952f917d613ad7007e60c5ef47a1636a8829fd60 + +**Quick Note on Short interest** + +Just wanted to give my thoughts on the GME short interest. As you all know there are tons of different numbers on GME short interest. Most boomer websites say it's anywhere between 19%-50% which is still extremely high. Most apes say that it's over 100% at minimum. I personally believe that websites are correct because the data is being altered through ETF shorting, naked shorting, and synthetic longs (see other posts for more on this). Therefore, I believe that the true short interest is over 100%. It makes no sense that GME's borrow rate on iborrowdesk is below 2% with short interest being able 20% and available shares getting to below 100 at one point today. Also, based purely on logic, it doesn't make sense that if every boomer analyst thinks GME is grossly overvalued that they wouldn't short it, so there is no way that GME's short interest is anything below 50%. Therefore, I believe that they are indeed abusively shorting it but are using the above tactics in order to manipulate the data so that the true short interest isn't shown so that regulators and the media don't start getting suspicious. + +**Conclusion** + +So, we have technicals lining up very nicely, a company with a vested interest in seeing the stock soar right now, a plethora of potential catalysts, a definitive date for when shares would need to be recalled, abusive shorting, a failure to deliver cycle, an insanely volatile stock that loves good news, a market that is thirsty for some volatility, and oh year one more thing.... some damn primates that refuse to sell. Stay strong, apes. +It happened to me last month with a site that supposedly gave you a free credit score. $1 charge for "verification", $19.95 charge the next week because the trial period was over. + +Anyway, here's a list of places to get your credit score for free, as in actually free, no credit card required. I picked these up with some research on this sub: + +*[Credit Karma](https://www.thebalance.com/credit-karma-review-960468) + +*[Credit Sesame](http://financeography.com/credit-sesame-review/) + +*[Quizzle](http://financegourmet.com/blog/credit-cards/quizzle-scam-or-legit/) + +*[Discover](http://time.com/money/4357095/free-credit-report-discover-credit-scorecard/) +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Friday was the last of the month, and in most of Germany the dividend disappeared. Monday is the 1st, new month and new quarter for GameStop. The shares will reappear, because they only had to disappear for the end of the month/quarter financial statements of the brokers, where unfortunately the numbers had to make sense, therefore they had to deactivate the splivy for the weekend. so that they don't mess up the books. + +all these brokers delivered nothing and keep displaying a imaginary number, ever since the split. what apes see in their accounts right now are the actual real numbers, that are on the books of the brokers. the don't want u to see those, so monday they're gonna switch to the fake version again. + +like the trick with the infinitely looping CCTV tape in the 1994 movie Speed, and what we just saw was the end of the tape where the loop doesn't match up perfectly. + +these criminals, are once again, naked as shit. and I swear as soon as I get my hands on that synthetic subprime dogshit they peddle, I'm going to DRS the living fuck out of it. Monday the first. šŸ’ŽšŸ™Œ +Invest all in schd/divo/jepi all with DRIP on. + +Wait 20 to 30 years. + +Turn drip off live off dividends never sell a share. Or possibly rebalance more into jepi and divo depending on principal hold up. + +Why sell and dwindle down vs live off divs and keep wealth for children after death? What am i missing? +Has been wheeling for a while and just found out SPY premium wasn't too bad. 30 DTE 30 Delta put gives $642 premium and uses $8.2k margin. + +I know the premium is comparably lesser than individual stocks but don't you guys think the lower concentration risk is worth it? +I was recently offered a position on the Board of Directors for a large privately held company. I am obviously elated about the offer, but am wondering if anyone has any advice for someone in my position. + +I'll admit I got this job largely due to my relationship with the current CEO (we met in Kindergarten) who's ancestors started the business. That being said, I am moderately successful in my own respect (not nearly at the level of my friend's family, but am solidly the second wealthiest from our class now and started closer to the middle) so it was likely a mix of both factors. + +My buddy's grandfather is extraordinarily wealthy (likely a billionaire) and controls the majority of the company (by voting the shares in a trust as well as his own). He retired as CEO a few years back, but is still Chairman of the Board. I'm wondering in your experience how much voice external directors are given in a situation like this. I am also interested in thoughts on how best to handle potential family disputes in a closely held business (there are 9 board members and 6 are non-family). Also if this is not the right place to post this let me know where would be better. +I work in a tech space and mainly handle people and talent acquisition. Because of the labor shortage and strong hiring demand across the market, my role has seen a massive increase in pay. + +I love the company that I work for now. The work life balance is amazing and the culture is fantastic. But I am always open to having conversations about a new role if the numbers make sense and the interviews go well. I just finished final round interviews with this company and they verbally offered me over a 100% raise. I was shocked. + +My wife and I are about to have kids in the next year and we bought a house about a year ago. We a have a little bad debt ($25k in CC debt) + a car loan but itā€™s ā€œmanageableā€ at this point. But with this new role we could wipe out all debt in 6-9 months. Then we could start a family debt free with equity in our home. It seriously seems like a game changer. + +My problem is I love the company where I work and I am slated to be promoted in a few months. The pay increase wouldnā€™t be close to my new offer but I also want to take into account the importance of the relationships I have built at my existing company. What seems like the more sensible thing to do? Sorry if this seems like a silly question but I have never been in a situation like this. Kind regards. +I spent way too long in a relationship that was bad for me in so many ways but also left me financially ruined. When I left my husband I had three small children, bad credit, a ton of collections, no car, no phone, and no money. I don't have any family or a safety net of any kind. I moved 1000 miles away to a small town I had never been to before and relied on the kindness of strangers to help me rebuild my life. 4 years later I've managed to grow my credit score and this month I was able to remove my last collections account. I recently paid off a car and the kids are well fed and clothed all without a single dollar of child support from their father. I work a ton of hours every week and don't get to spend as much time with my kids as I would like. I hope that when they're older they come to understand that everything I do is for them. I wanted to share what I consider to be a success story. I'm not wealthy by any means, but ultimately I feel more secure financially than I ever have, even if I'm not that secure. I am no longer making pancakes for breakfast, lunch, and dinner or choosing between the electric and water bill. I'm going back to school to finish my degree. I'm incredibly exhausted, and some days I really wish I could just quit life but the other day my son, who just celebrated his 12th birthday in quarantine, thanked me for giving him "everything he could need or want" (which isn't very much to be honest) and it made me cry happy tears because we are doing ok and I never thought I'd be able to provide for them. My husband always told me if I ever left him I'd be fucked. And I'm here to tell you if you're scared to start over, if you feel stuck, if you're desperate and lost, if people depend on you and you don't have anyone to depend on it won't always be so bad. Things can and do get better. Just don't give up. Don't be afraid to ask for help and don't EVER let anyone tell you you can't do it. I believe in you. +This has been posted already but I feel it deserves more attention than it got. The process requires an administration fee of 650 NOK or ~$75, but it's worth it to help feed the catalyst. Here is the e-mail sent out to all GME hodlers on September 17th, translation courtesy of /u/Fiksdal: + +**Information from DNB Markets to shareholders in GameStop** + +Hi! + +You are receiving this letter on the grounds that you own shares in GameStop Corp. (GME) through DNB Markets. We have recently registered inquiries from customers who wish to transfer their shares from DNB to GameStop's account operator in the USA. In this regard, DNB wishes to provide you with the following information that you should consider before you send a request for transfer of your shares: + +\- Neither DNB Markets nor DNB Markets 'agent bank in the USA lend customers' shares in GameStop or in other companies. + +\- If you transfer your shares to GameStop's registrar USA, you will lose the opportunity to dispose of the shares in the period from the time they are delivered from DNB, until you have gained full access to your account with the registrar in the USA. + +\- Transfer of shares from DNB to GameStop's registrar can take up to 10 working days and the shares will no longer be available through DNB after the time of transfer. + +\- Once the shares have been delivered to the registrar in the USA, you as a customer will receive a bank statement in the mail with information on how to activate your new account on the registrar's website. Once you have activated the account, you will receive new login information in the mail which you can use to dispose of your shares with the account operator. This means that it can take a long time from the shares being delivered from DNB, until you can once again dispose of the shares with the registrar. + +\- Once the shares have been transferred from your account with DNB, you will no longer be able to sell these via DNB + +\- When the shares have been transferred from your account with DNB, DNB will no longer be able to report these to the Tax Authorities, and you must therefore enter this in your Tax Report. + +Note that the transfer of shares to the registrar in the USA costs NOK 650. + +If you wish to transfer your shares in GameStop to the registrar in the USA, we will request that you send a message in the online banking system on [DNB.no](https://DNB.no) with the following information: + +\- Social security number / organization number belonging to your securities account + +\- Full name and address + +Name / ticker of shares to be transferred to the registrar + +\- Number of shares to be transferred + +Sincerely + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +DNB Markets + +DNB Bank ASA + +Dronning Eufemias gate 30 | 0191 Oslo | Norway + +E-mail: [ah.markets@dnb.no](mailto:dah.markets@dnb.no) | [www.dnb.no](http://www.dnb.no/) +Is it okay to start out trading with options and theta strategies? + +My gut says yes because, after trying swing trading, day trading, and just newbie buying whatever 2 years ago, Iā€™ve found theta and I make consistent, almost regular returns. To me, theta strategies are easier and more logical than more traditional trading strategies. + +Let me clarify my son is an adult. He doesnā€™t have my background in finance, but he does have a very strong mathematical mind with a tendency to see patterns. I think heā€™ll do well. + +(And if he doesnā€™t, heā€™s still my kid. I just think this would help him like itā€™s helped me.) +Fellow shareholders, + +I have been advised of the date of a hearing to discuss my Motion to Expedite and scheduling. + +*December 21, 2021* + +My understanding is that the facts material to the case won't be discussed at this hearing. That will come at the hearing following this hearing. + +The 12/9 date will probably not be a thing unless GameStop fails to respond to my original summons. I haven't heard anything regarding that. + +Again, my case is being heard at the Delaware Court of Chancery by Master Selina E. Molina and my case number is 2021-0993-SEM. + +**JASON FUCKING WATER FALL FAQ** + +**Who are you?** + +I am a [100% direct-registered asshole](https://imgur.com/a/i0mKIpf) who quests ongoingly to contact GameStop Investor Relations. + +**Why did you sue GameStop?** + +Because they didn't respond when I asked nicely every day, and after six weeks or so, an alternative modality seemed to be indicated. + +**What information do you want?** + +1) Information contained in the Shareholder Ledger + +2) Information relating to The Cheng Discrepancy + +**What is the Shareholder Ledger?** + +A list of all institutions and individuals holding GME. + +**Do you think the Shareholder Ledger contains evidence that the float is oversold?** + +Maybe, maybe not. Supposing that the float is oversold, the Shareholder Ledger may contain only the identities of registered holders, rather than beneficial holders. In that case, evidence of rehypothecation may not be acquisible by suing GameStop. + +**Will you share the Shareholder Ledger if you get it?** + +I will fight to share whatever I can without compromising shareholders' personal information. + +**What makes you think you can get the Shareholder Ledger by suing for it?** + +Because Delaware law says so, specifically [Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html). I have followed the steps for acquiring the Shareholder Ledger specified in paragraphs (b) and (c). + +**What is The Cheng Discrepancy?** + +OK, so you know how [we all voted on 6/9 to install RC and his buddies to the BOD](https://news.gamestop.com/node/18956/html)? There were eight total elections that day. Seven of the elections show a vote total of 55,541,279. The Larry Cheng election, however, shows a vote total of 55,541,280. + +**So what?** + +So the elections should all display the same amount of votes, because it is impossible for someone to have voted in the Larry Cheng election without having been counted as an abstention in the other seven elections. The vote totals from all eight elections should match. That they don't match gives me a credible basis to suspect that mismanagement, wrongdoing, or waste may have occurred with regard to the collection, tabulation, reconciliation, or reporting of the votes.Ā  + +**Credible basis?** + +The credible basis standard means I don't have to prove that wrongdoing occurred, or even show that wrongdoing probably happened or had a good chance of happening. All I have to show is that mismanagement, wrongdoing, or waste MAY HAVE OCCURRED.Ā  + +Onward and upward. + +In the disclaimer, I made a clarifying change in the sentence about beneficial shareholders. + +EDIT: Finally, if you are bored and looking for something to do, Bank of America DD badass u/gfountyyc [has a job for you](https://www.reddit.com/r/Superstonk/comments/r1iiso/cftc_foia_requesti_need_some_help_my_dudes/). + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +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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There is no claim of veracity for any statement here +* Unless otherwise stated all data is as-of Oct 06, 2021 and sourced from Yahoo Finance +* Cash collateral for *forever borrow* is estimated to be average price for the day (not considering haircut and other fees or discounts) +* All figures and date are approximate. Emphasis is on directional numbers, not accuracy + +&#x200B; + +# Recommended background read + +[Short post](https://www.reddit.com/r/Superstonk/comments/psooj4/followup_elaboration_to_dd_why_direct/) + +[DD - longer post](https://www.reddit.com/r/Superstonk/comments/prsk9n/why_direct_ownership_of_gme_at_computershare_is/) + +&#x200B; + +# Terminologies + +* Acronyms: **MM** ā€“ Market Maker; **BD** ā€“ Broker Dealer; **DTCC** ā€“ [Casino Operator](https://www.dtcc.com/about); **SHFs** ā€“ [Short Hedge Funds and their BFFs](https://www.investopedia.com/terms/h/hedgefund.asp) +* **Shorting** = selling by borrowing from someone else's `inventory` by paying interest +* **Short sale** = selling by MM, where inventory is to be `located` *later* (sell now, locate later) + * MMs have multiple settlement dates to locate share. Such shares in limbo are referred to as fail-to-deliver (FTD) + * When MMs fail to locate eventually (T+X days), they are forced to close out FTD [sauce: Regsho](https://www.sec.gov/investor/pubs/regsho.htm) + * But thanks to continuous net settlement (CNS) and supporting services designed by DTCC/NSCC, there are tricks to kick the FTD can using `forever borrowing` called [SFT service](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html#tab-about) and `forever hiding` called [obligation warehouse](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) +* **Short interest (SI)** = total shares that are legitimately shorted i.e. sold with `requirement` to be bought back when lender asks +* **Naked shorting** *aka* **Counterfeit share** = selling by market maker with no intention of locating (*aka* strategic fails) +* **Synthetic shares** are created by MMs for hedging when trading Options. Technically synthetics should go *poof* after options expiry date. Shares that continue to exist beyond expiration date are counterfeit + +&#x200B; + +# Difference between shorting and counterfeiting (naked shorting) + +* It's important to note that ***legitimate shorting*** involves borrowing from whoever has inventory, by paying interest rate and posting a % of share value as margin cover +* For e.g. when you *short* on broker platform, they may demand 30%, 100%, or 120% margin to lend shares based on volatility risk. In many instances `hard to borrow (HTB)` stocks are not even lent out for borrowing +* ***Counterfeiting*** involves DTCC market participants (broker dealers, hedge funds, prime brokers) ***forever borrowing*** from ***inventory pools*** that gets shuffled around to obfuscate transparency and accountability +* Counterfeiting costs the full price of share plus additional fees, so it is an expensive way to (illegally) shortsell +* Melvin Capital lost control in Jan because they were legitimately shorting, and were shuffling FTDs using synthetic shares created via [Options](https://www.investopedia.com/options-basics-tutorial-4583012) +* When Point72 and Shitadel injected billions of dollars to Melvin and "took control" of the situation, they resorted to the more expensive ***counterfeiting*** solution to dilute shares +* This exploded the shares available to trade (share dilution) and depressed price +* However, counterfeiting shares brings it's own problems when a decisive victory is not achieved (i.e. majority paperhanding), as explored below + +&#x200B; + +# Shares available for trading (the float) + +* Total float (GME^(DTC) shares available to trade) is 61.8M + * Of which 30.5M are held by institutions and funds + * Remaining 31.3M are available for retail traders + +[Sauce: Yahoo Finance](https://preview.redd.it/j7xzni807zr71.jpg?width=1109&format=pjpg&auto=webp&s=b85d888b85481903b8875e45978de89581dd9c98) + +* Estimated counterfeit shares are 142.8M +* This puts the real float for trading GME^(DTC) at 204.6M +* MMs injected heavy liquidity (63.9M net short sales) in Feb/Mar to "stabilize" prices +* From April onwards avg. of 3.7M shares were being "added" (read counterfeited) monthly to "stabilize" (read suppress) the price + +[1 ā€“ SI as of JAN, 2 ā€“ Net Short Sales FEB thru SEP](https://preview.redd.it/rah47lzb6zr71.jpg?width=1479&format=pjpg&auto=webp&s=4657f0f3b950b51bbf7cd949e71ef3714c100ab6) + +Sauces: [1 Forbes Article](https://www.forbes.com/sites/georgecalhoun/2021/03/19/gamestop-were-the-short-sellers-routed-does-it-matter-beware-the-gamma/), [2 FINRA Short Volume Data](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data) + +* This does not account for BDs/MMs maliciously marking short sales as long ā€“ for which some have been caught and fined in the past. Some violations are listed in this [Naked Short Selling article](https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html) + +&#x200B; + +# Impact of share dilution on borrow collateral and real float size + +* The initial float size issued by DTCC GME^(DTC) is the same as GME^(GME) held under Cede & Co.'s name at Computershare +* Counterfeiting adds to this float, however it comes at a cost. Every share ***borrowed forever*** (counterfeited) [locks-up cash collateral](https://dtcclearning.com/products-and-services/settlement/settlement-services/collateral-loans.html) roughly equal to the current share price +* This borrow collateral is repriced daily (marked-to-market) as share price goes up/down +* Based on \~143M counterfeits, real float is approximately 3.5x official float (\~200M) +* There are various methods and efforts put into calculating the real float, but we'll go with 3.5x for this post as it aligns with Jan SI and short volume data from FINRA. This *multiple* has several implications: + * \~$26B capital is likely locked-up as collateral for ***forever borrowing*** using $170 average price + * This is mostly financed by prime brokers (big banks), and not all ponied up by SHFs + * As of Oct 6th, every $1 share price move results in $155M change to collateral need + * In other words, $6.5 price increase in GME price, necessitates $1B additional collateral; On the flip side a $6.5 price decrease reduces collateral need by $1B + +[3.5x float multiple in red is probable based on Jan SI\/FINRA short sale volume](https://preview.redd.it/wl8cfhab7zr71.jpg?width=1090&format=pjpg&auto=webp&s=b77d13b00bc8333e0ab6e037329893c73900a9a0) + +* As real float increases, not only does it increase the risk of seller having to buy back at a potentially higher price, but also the collateral multiples +* For e.g. when MMs add 3.7M shares to real float in a month, a $5 price increase forces $18.5M additional collateral to be locked-up + +&#x200B; + +# Forever (re)borrow creates chain of fakes based on original + +* Since the net short position of SHFs/MMs are multiple times the float, we can safely assume that almost every lend-able share has been be lent +* When GME^(DTC) is sold short, the buyer gets GME^(DTC-fake1); when this share is lent again it becomes GME^(DTC-fake2); and so on +* The buyer has no idea that it's fake because they **bought it** by paying real money, so they are entitled to sell as they wish, which creates the next fake share +* So, this results in a chain of fake shares starting from the original GME^(DTC) share. Only DTCC and perhaps BDs have visibility to this +* Per [SEC 15c3-3 Customer protection rules](https://www.law.cornell.edu/cfr/text/17/240.15c3-3), BDs are prevented from lending shares from Customer cash accounts. However, DTCC has [CNS gimmick](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account) to *temporarily change sub-account type* and borrow from BD inventory, including customer assets, to satisfy `fully-paid-for location services` when asked by institutional investors. [From DTCC site](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account) + +>Members instruct NSCC to move their expected long allocations from the general CNS ā€œAā€ subaccount into a fully-paid-for location (the ā€œEā€ subaccount) and are then permitted to use customer fully-paid-for positions to complete institutional deliveries in DTC. + +&#x200B; + +# Impact of DRS on share borrow and collateral + +* When a GME^(GME) share is transferred from DTCC to Computershare, DTCC has to retire the original GME^(DTC) and move the full chain of fake shares created based on it +* GME^(DTC-fake1), GME^(DTC-fake2), GME^(DTC-fake3) now have to be attached to another chain of fake shares tied to real GME^(DTC) +* I'm using the words chain and attached figuratively. Not sure how DTCC technically handles it, but one can imagine it being convoluted set of transactions and accounting + +[When GME\(GME\) is moved from DTCC to CS, GME\(DTC\) has to be retired](https://preview.redd.it/1zerbtgi7zr71.png?width=1166&format=png&auto=webp&s=fafc682a9732eb63a97ba1967c393a380ab1de9c) + +* So, moving shares from DTCC to Computershare **does not** reduce collateral burden because collaterals are only posted for counterfeit shares that are never transferred +* It may however increase the collateral, because the first *forever borrowed* GME^(DTC-fake1) \- have used lower margin (legitimate short), but it now requires full collateral (naked short) + +&#x200B; + +# Impact of counterfeiting, and DRS on price + +* SHFs/MMs have the tiger by its tail +* **If they stop counterfeiting shares**, then bid-ask spread widens and bid depth plummets pushing price up ā€“ in turn forcing MMs to hedge calls, which in turn increases price ā€“ a classic **gamma squeeze like in Jan** +* **If they continue counterfeiting shares**, they'll need to **post more collateral to the tune of \~600M/month** (assuming 3.6M new counterfeits/month to suppress price @ $170) +* There's only so much collateral they can raise, so they'll resort to further price suppression by more counterfeiting ($1 price drop saves \~$155M collateral / month) +* Every $1 price drop requires selling **X** counterfeit shares, which in turn requires more collateral ā€¦ till they **spiral down** to a point where they can't keep up with collateral requirement +* The amount of counterfeit shares required to drop price by $1 is hard to estimate as it depends on market conditions. It's easier to drop price on red days than green (ETF buy/sell pressure, institutional money flow, etc.) +* **Ongoing collateral** for this `tightrope walking act` is exactly the **reason they need PFOF, freedom to pump-and-dump OTC pink sheets** and krypto +* Every share DRS-ed *may* be putting additional collateral pressure, but is hard to guess without knowing historical borrow rates +* A **BIG unknown** with DRS-ing is **if DTCC/NSCC at some point conclude that the chain of fake shares is too long and too risky** and needs more collateral to mitigate risk ā€“ this is a real issue they have to address sooner than later + +&#x200B; + +# Concluding thoughts + +* **DRS/direct buy from Computershare, is still and perhaps the only way to expose share counterfeiting** +* Keeping shares in the DTCC casino under street name, gives them free hand to create new rules/tricks to depress price and satisfy regulatory reporting. This is because some of the big gamblers actually own the casino +* As buying pressure stays, and Gamestop works toward pivoting the company, **SHFs default on ongoing collateral requirement will be the choke point** +* There is also the possibility that largest group of retail share ***hodlers*** can demand share recall directly or through Gamestop to protect unrestricted share price dilution by SHFs/DTCC +* **Till then, there will be a constant fight to keep the price low**, especially as real float gets bigger ā€“ tasty discounts +* There will be a lot of PR/misdirection/media FUD to once again have majority of Apes paperhand because something else is better, and/or Gamestop hype is over +* The **best reaction a long term investor can have is to ignore sensational news/provocations and keep most of their shares directly registered in their name** at Computershare, and some in brokerage to sell +āœ… Banner ads have already been paid for, more coming + +āœ… Twitter accounts with 150k+ followers shilling + +āœ… Telegram community is hype af & the voice chat is popping + +āœ… CoinGecko applied for + +āœ… Going parabolic + +āœ… Active Twitter presence + +āœ… More marketing being paid for as this is being written + +&#x200B; + +Check this one out boys, lets regain some of the losses from the bnb price crash yesterday. This is legit as it gets- lp locked & ownership renounced, small presale (less than 50bnb) to prevent dumping as well. Contract verified, and dev is based. Website is super crisp & they're active on twitter and are actively promoting the coin. Already has climbed from 25k mcap to 600k+, now is looking like a perfect time to buy since the community is still active af & the dev is working hard. Early bonfire/ss vibes for sure. + +&#x200B; + +šŸ–„ Website & Info: www.RyukyuCoin.net + +šŸ’¬ Telegram: t.me/RyukyuCoin + +šŸ§ Twitter: twitter.com/RyukyuInuCoin + +&#x200B; + +Ryukyu Inu is a next-generation Inu-breed token that's set to follow in its predecessors' footsteps! With DApps and real usecases being planned out, $RYU is bound to be one of the top dogs this meme season. + +&#x200B; + +Tokenomics: + +šŸ’² Max Supply: 1000 Trillion + +šŸ”„ Burn: 50% to dead address + +šŸŸ¢ 8% of Every Transaction Straight to the Locked Liquidity + +šŸ¤ 2% Redistributed + +āœ”ļø 11%+ Slippage + +&#x200B; + +āœ‰ļø Contract: 0x1bfbd8da9c98e997b76e0ed81cd9ea7d51ebe288 + +&#x200B; + +šŸ”’ LP Locked, Ownership Renounced +Okay, I've been typing all day and sipping coffee all night, so strap in for my crayon drawings. + +**Citadel and Point72 have owned at least 51% (controlling interest) in Melvin Capital since January 24th (through a private placement investment/unregistered offering) following Melvin receiving notice that their broker/dealer had margin called them.** Let me explain. + +[https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW](https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW) + +Not that I think anyone should read or trust Reuters (or any source for that matter, even me) but they have been an interesting source to evaluate since January. + +In the above article (posted Jan 31st) it's stated that a "-Source" (sus af trust no one haha) disclosed that Melvin Capital ended the month with over $8 Billion in assets under management (AUM). + +Traditional AUM reporting includes positions purchased with margin; so that $8 billion reported includes margin positions, **it doesn't include short positions because a short's loss isn't realized until the position is closed, on the contrary, proceeds from a short position can be used freely to purchase positions that will be shown on AUM**. There is also a term called regulatory AUM which means the $ amount value of assets managed by a fund when accounting for losses in unclosed positions and tracks margin but big surprise funds don't offer this number publicly. + +There are two possibilities as of Jan 31st: + +Reuters "Source" purposefully leaked the $8B number to suggest Melvin was worth more than $5.5B at the time of Citadel and Point 72's combined $2.75B share equity purchase. + +or + +That $8B number is the amount of capital Melvin had after gaining access to more leverage using the $2.75B. If you remove the $2.75B "infusion" from the total $8B AUM reported it's $5.25B, **exactly half of $5.25B is $2.625B. Meaning, if Melvin raised funds at a valuation $5.25B, a $2.75B investment would be able to purchase controlling interest through a private placement investment.** + +**I believe That $8B number represents Melvin Capital's AUM after a $2.75B "infusion" and any margin they were able to gain access to between Jan 24th and Jan 31st. This would develop a narrative that Melvin did not have to sell controlling interest in the company to raise capital to prevent a bankruptcy.** + +**Citadel and Point72 purchased more than half of the existing funds share equity, and even if unleveraged, that $2.75B accounted for 1/3rd of the total assets under management as of Jan 31. The links below will explain some of the nuances to private placement investments.** + +[https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html](https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html) + +[https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_privateplacements.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_privateplacements.html) + +" A securities offering exempt from registration with the SEC is sometimes referred to as a *private placement* or an *unregistered offering*." + +"[Hedge funds](http://investor.gov/news-alerts/hedge-funds) and other private funds also engage in private placements." + +**When investing through a private placement, the investor is essentially purchasing equity shares in that company. Owning more than 50% of a company's equity shares means you have controlling interest in that company.** + +"The majority shareholder's controlling interest means he or she has more voting power and can influence the company's strategic direction and operation" + +[https://www.upcounsel.com/majority-shareholder](https://www.upcounsel.com/majority-shareholder) + +Okay so, remember January? it was only a few decades ago right? + +**Between January 26th and January 28th GOOG fell from $1917 to $1830;** + +**Between January 26th and January 29th FICO fell from $511 to $450.** + +**Between January 26th and January 29th AMZN fell from $3,326 to $3,206** + +**Melvin had/has big positions in all those stocks**. **I think these drops are all the result of Melvin Capital receiving a margin call but they stayed holding positions acquired with cash.** + +When a margin call takes place, the broker/dealer often uses software/algorithms to close out the positions meaning that a computer will buy at **LITERALLY ANY PRICE WITHIN A SPECIFIED RANGE**. I believe this attempted margin call (I'll explain why I call it an attempted margin call) contributed greatly to the buying pressure and run up to $483. "Technical issues" such as partial GME shares selling for over $2k may have resulted from this attempted margin call (also maybe not, just can't explain this any other way): + +[https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical\_error\_gain\_market\_order\_filled\_for\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical_error_gain_market_order_filled_for_gme/) + +[https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic\_drop/gl64fks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic_drop/gl64fks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Comment section: [https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30\_seconds\_from\_triggering\_market\_nuclear\_bomb/gl5vgof/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=web2x&context=3) + +Remember Plotkin said in the hearing that he didn't think the price action was influenced by shorts covering; I still believe he knew that covering their entire short position would send the stock much, much higher and break the financial system which we might have seen if the buy stoppage did not occur. + +As will take place when the MOASS occurs, the broker/dealer (remember we don't know where Melvin bought their shorts, it could very well be Citadel, or another completely random broker/MM) who lent to Melvin would've had to decide to bankrupt themselves to attempt to cover and realized **covering without going bankrupt was impossible.** Only way to avoid bankruptcy was to require Melvin to locate adequate funding and along came Citadel and Point72 to "pro-actively contribute" $2.75B to prevent further margin call of Melvin through private placement. + +This is likely because whenever Melvin's broker/lender realized shit was hitting the fan they may have attempted to margin call Melvin's naked short position on GME; only to realize they **literally can't cover it even with a margin call due to unavailable float since we now know available float is 26M.** (what I meant by "attempted margin call") + +If we look at the recent situation involving Archegos Capital, we can observe that the ability to acquire ridiculously risky leverage is fairly easy for bigger funds/big money (and just think Archegos was a "family office" lol). [https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks](https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks) + +Reading that article would suggest that Archegos could have held a total portfolio of up to $100B because **"the lenders couldnā€™t see that Hwang was taking parallel positions at multiple firms"**. + +It also mentions that Credit Suisse took (at a minimum) a $4B (some total estimates up to $10B total) hit after margin calling Archegos (**4x their annual income generated by their largest sector**; the real estate side), which shows why a broker/dealer may be hesitant to margin call since they can get burned really fucking bad, if say... their client is stupid overleveraged and used the loans you gave them as collateral to gain more leverage (that actually happened fucking lol). + +Looking at the most recent Fintel summary for Melvin Capital. I think they could be trying to create the illusion of growth by acquiring more margin: + +[https://fintel.io/i/melvin-capital-management-lp](https://fintel.io/i/melvin-capital-management-lp) + +First thing to observe is that they are listing a **total asset portfolio of $22B as of 12/31/2020.** [**https://fintel.io/i13fs/melvin-capital-management-lp**](https://fintel.io/i13fs/melvin-capital-management-lp) + +[**https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49**](https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49) + +**Wait, so a fund that had $22B under management on 12/31/2020 only had $8B on 01/31/2021 AFTER receiving a $2.75B "cash infusion" on the 01/24? From this it can be observed that between 12/31/2020 and 01/31/2021 Melvin lost a MINIMUM $14B and could have lost well up to $16.25B total assets if that $8B includes leveraged gained using the $2.75B from Kenny and Stevie-boy. IMO $15B loss on a $22B fund sounds like a margin call to me** + +We can also see that Melvin is still reporting positions as of 03/19/2021. So they are still in business and still purchasing stock, but we can observe that *their website is down (u/Sh0w3n pointed out this is a misunderstanding on my part, the website has had that blankish display screen well before I or other apes noticed it) and their phone line is down*. Doesn't mean they've closed their doors but I will say it reminds me of a business transition that might take place when a business is "under new management". + +[https://www.reddit.com/r/Superstonk/comments/myulmm/so\_i\_hear\_melvin\_secretly\_went\_out\_of\_business\_in/gvxaj0n/](https://www.reddit.com/r/Superstonk/comments/myulmm/so_i_hear_melvin_secretly_went_out_of_business_in/gvxaj0n/) + +But they have renewed their SEC registration this past march: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +Looking at their SEC filings can shed some light of this, We can notice Melvin's behavior as a fund change by observing certain position changes between Q4 2020 - Q1 2021 + +If we compare Melvin Capitals SEC quarterly reports side by side; we can see that Melvin has without a doubt gained access to more capital through short selling. **A quick glance at the position differences on these reports and it doesn't even look like the same fund**: + +2020 Q4: [https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml) + +2021 Q1: + +[https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml) + +**Deductions I made from the QoQ report comparison,** **keep in mind the most recent FINTEL report reflects the positions value on 31/01/2020 when GME was $19.50 (when I'm writing this GME is $177.77 so Melvin is at least 8x as fuk as they were in December 2020).** + +. **Put position in GME increased by 600,000 shares from October 2020 - December 2020 but value of put position (amount outstanding) has more than doubled from $55M to $113M.** + +. **AMD position increased by 1.6M shares, from 2.1M to 3.7M** + +. **MSFT position decreased by 100k shares** + +. **COMPLETELY NEW 6.4M share put position in Mylan Pharma (Ticker:VTRS) on 12/31/2020. VTRS stock has been hammered down significantly Feb 19th(3 days after the SEC report was filed). They likely waited to report their position and then aggressively raised more capital by shorting VTRS further. This is a play we've seen from Citadel before as they have shorted stocks such as BNGO, SNDL and MVIS to create more capital for their short plays in GME and AMC(IMO).** + +. **COMPLETELY NEW 600k share put position in AMC. Citadel is also short AMC. Seeing this position materialize between Q4 2020 - Q1 2021 supports the thesis that Citadel has an influence over the strategy Melvin is undertaking.** + +**. COMPLETELY NEW 490K share position in FaceBook (Again Citadel and Point72 are long on FB)** + +. **AEO position decreased by 3 Million shares** + +. **AMZN position decreased by 84k shares (remember AMZN is a thousand dollar stock, 84k shares is a lot of capital)** + +**I also noticed certain positions were gone entirely on the Q1 SEC report** + +. **190K share position in Domino's** + +. **1.3M share position in McDonalds** + +**. 3.5M share position in Hyatt Hotels** + +**. 1.5M share position in Live Nation** + +. **700k share position in Paypal** + +I feel these changes support the thesis that **Melvin Capital has changed their investment strategy due to new majority ownership.** + +Remember the squeeze will most likely default multiple lenders, bankrupt a lot of financial institutions and may be the catalyst for a monumental financial crisis (that would have happened soon anyway I mean seriously, I can't believe people think this shit is sustainable). The Hedge Funds on the short side will do anything they can to avoid losing everything by any means necessary. + +I encourage criticism of this thesis. I encourage you to prove this thesis wrong. Go through the Quarterly SEC filings. read the source material. Comparing perspectives and scrutinizing research is the best way for accurate information to prevail (which should always be the goal). + +I will say though, the skeptic in me wonders if Citadel abused their MM privilege to facilitate short sales for other funds without locating borrows and realized they are ultimately fucked when they have to margin call those shorts. Would explain the RH buy stoppage as well, since Citadel owns RH order flow and therefore would own any naked shorts they sold to RH users as legitimate stock. This might not be the case but it's obvious that Citadel cannot afford Melvin to be margin called. That much is clear. + +**TLDR:** + +**Citadel and Point72 purchased over 51% of Melvin Capital's share equity after Melvin's broker realized they couldn't close their positions and complete margin call without risking bankruptcy. Since January, Citadel and Point72 collectively possess controlling interest in the company's direction and strategy. Melvin's most recent balance sheet on Fintel lists $22B in AUM, as of 01/31/2021 Melvin had $8B in AUM meaning that Melvin lost at minimum $15B in January. Now where else could Melvin get the type of capital support to keep this charade going (after reports of 49% Q1 losses) if not from the the other funds who stand to lose literally everything if Melvin is margin called on their short positions (be they naked or not).** + +**HEDGIES R FUK.** + +Oh yeah and I'll just leave this here: [https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting](https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting) **That's Melvin's old building.** **Two floors underneath Melvin, S3 Capital/Spruce Capital is no longer occupying their office on the 19th floor (despite still listing it on their website).** [**http://sprucecap.com/contact-us/**](http://sprucecap.com/contact-us/) + +Edit 1: updated to correct my assertion that Melvin Capital's website is down. According to fellow redditor u/Show3n it has been like that for quite some time. Thank you for the correct info šŸ™ŒšŸ™Œ + +Edit 2: Corrected erroneous maths (remember guys I can't read) + +Edit 3: Holy shit! Just woke up and saw this post is close to 5k upvotes and heaps of awards!! Thank you for reading and sharing! Definitely looking forward to my next DD šŸ‘€. + +Edit 4: Don't know how I forgot an emoji TLDR + +šŸ¦šŸŒšŸŒšŸŒāœāœāœšŸ’ŽšŸ’ŽšŸ™ŒšŸ™ŒšŸ“ˆšŸ“ˆšŸ“ˆšŸ—šŸ—šŸ— +HEDGIES: šŸ¤·ā€ā™‚ļøšŸ¤·ā€ā™‚ļøšŸ¤·ā€ā™‚ļø + + šŸ¤µdiscovered šŸ”„, but šŸ¦'s found GME. Have a wonderful day and enjoy earth while you can, cause we'll be out of the atmosphere before you know itāœŒ + +Edit 5: Corrected my Fintel dates as pointed out by u/TakingOffFriday I severely botched this by confusing the the reporting dates with the filing date. All positions listed above are observed between October 2020- December 2020. Thank you again for contributing! +Its currently around $2750 pre split fyi. + +Over the last 3 months there were endless discussion and a analysis suggesting that the tesla bubble was going to pop anytime now. It appears that tesla is going to be permanently viewed as a ~400B company at minimum going forward. + +There is a belief that tesla will hit ~$720 around the time of the official S&P inclusion. + +For bulls and bears, what are your thoughts on the stock. +I feel like we're not appreciating just how insane a 70c a litre pump of the petrol is.. some C-grade news publications would ignorantly report its at a '20 year low' without regards to a little thing called INFLATION.. (pisses me off to no limit) + +But jesus, lets just take that into account for a second. Petrol in 2002 was 88.4c a litre. If you calculate inflation, petrol back in 2002 costed 132.4c per litre - which sounds like the average price last year anyway.. + +Petrol is 70c per litre.. in 2020 dollars. This is just insane. +* Not another Uniswap clone, +* no useless NFTs, +* no roadmap, +* no fake promise, +* just BONK memes šŸ• + +# What we are instead + +>DogeBonk is the most memeable project in the crypto space. +> +>Not convinced? Google "Doge Bonk" and look at the images šŸ˜Š +> +>We've got the best community, the best memes, the most bullish energy šŸ”„ +> +>It's one hell of a drug. You have never seen this in the crypto space before. +> +>See for yourself on šŸ’¬ **Telegram (see link in the footer šŸ‘‡)** +> +>We're on a mission to bonk all other meme tokens - and you can join us on this ride! šŸ¤˜ +> +>Our community is constantly organizing raids, doing marketing and designing memes šŸš€ +> +>We went from $2000 market cap to $6m market cap within 3 days, and this is only the beginning. +> +>This is going to go parabolic just because of the sheer force behind it. + +# Is DogeBonk safe? + +>Liquidity was locked forever by burning all LP tokens šŸ”„ +> +>Ownership of the contract was renounced. +> +>See proof on our website: [https://dogebonk.com](https://dogebonk.com/) +> +>Contract is a 1:1 copy of SafeMoon which was audited by Certik. +> +>Top holder owns 1.8% of the supply + +# Tokenomics + +>10% tax on all transactions: +> +>5% are distributed to DOBO holders, +> +>5% are added to liquidity to create an ever rising price floor. +> +>There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply (5000000000000 tokens) at the time šŸŽÆ + +ā€‹ + +# Info + +>šŸŒ Website: [https://dogebonk.com](https://dogebonk.com/) +šŸŸ¦Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) +šŸ“ Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 +šŸ° Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) +šŸ“– How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) +šŸ“ˆ Chart: poocoin.app/tokens/0xae2df9f730c54400934c06a17462c41c08a06ed8 +I am looking to expand into ETFs and am curious how the management fee is paid/accounted for in a real life transaction. I use Scotia iTrade, but would welcome advice in general. + +For example: +-- I invest in ETF $XYZ with an Expense Ratio of 0.68%. +-- Buy 250 shares at $25.00/share and plan to hold for 50 years +-- That's a principle investment of $6,250 (250 shares x $25.00) +-- 0.0068% per year of $6,250 is $42.50 + +Where does the $42.50/year come from? + +Is $42.50/year deducted from my cash position in my iTrade account? +Does the money get garnished off the ETF sell price? +Do they garnish my shares? +Do the fees typically get deducted annually? Quarterly? + + +These seem like simple questions, but I can't find any great answers online. +Thanks in advance for the help! + + +EDIT: Some really great responses - I definitely have a better understanding of how the fees work now. Also, thanks for those awards! I'm usually a lurker, so I will learn how to leave a better thank you message in the future. Happy investing everyone! +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 itā€™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 donā€™t think any of that is stopping current DDs from coming up. Itā€™s the flood during the MOASS that Iā€™m worried about. The thank you posts and aspirational ā€œIā€™m about to be a millionaireā€ can wait for celebrating after the squeeze. If the memes are too much, mods can consider a lockdown. Totally up to the community. Iā€™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. +Apes together strong, yes, but apes are not a cult, and shouldn't encourage or build echo chambers. + +The excitement must be based on peer-reviewed research: someone posts something, we chime in on what we think about its implications, and the most comprehensive objections or inconsistencies are then taken into account by the next post. By this process, average DD keeps rising in quality, because it stands on the shoulders of taller and taller giants. It's not a coincidence many feel they've gotten a college-level education on the stock market this year; peer review and collaboration is the cornerstone of any and all higher education worth having. "Buy and hold", for example, is our core strategy only because we've seen and read enough high-quality DD to assure us the squeeze is almost inevitable; without that, many of us would be day-trading GME, and the MOASS would be a dream lost. + +So if you have doubts, or interpret the data differently, say so. As long as they're clearly informed by a wrinkly brain that's taken time to try to understand the situation, I don't think any reasonable person can treat it as FUD. The more of us can grasp the situation by ourselves, the stronger our offense is. Panic selling isn't viable for the shorters if no one's panicking, and a well-informed ape who's willing to revisit basic principles of their thinking doesn't scare. + +*Echo chambers* punish dissent, because they seek to protect their ballooning fantasies from implosion. + +*Communities* analyze dissent, because they seek to improve their knowledge and inform their actions. + +As u/rensole keeps telling us, be excellent to each other. Encourage peer review. It's good for you. +So I'm new to coding and been trading fx for about 3 years. I just finished a moving average crossover bot. +It simply takes a sell order if the EMA 10 crosses below the SMA 20. And a buy order when the EMA 10 crosses below the EMA 20. Open positions close when the opposite signal hits. I've only using this on the EURUSD 4H chart to test. Its been six weeks and I'm up 200%. Since I'm new to coding I have no idea how to backtest so I just gave the thing 50 USD to and now it's at around 165 USD. Does anyone have any recommendations or thoughts that might help going forward? + +https://www.abc.net.au/news/2021-11-16/as-migration-restarts-does-it-hold-down-wages-for-everyone-/100620538 + +"We've seen the experiment of that in COVID, and in shutting down of our borders, and what impact that has on the labour market, which has been quite negligible." + +Who are they trying to fool? The labour market has been hugely affected by a lack of cheap temporary workers and it has driven up wages for the first time in many years... +Shouldā€™ve pulled your finger out your asses and DRSā€™d those damn shares a long time ago. The only thing thatā€™s shocking in all of this is that youā€™re even surprised that this is happening. Did you really expect anything different when you made the decision to go against all conventional wisdom and left your shares with these shitty Brokers? + + +Edit: Ok, so lots of comments saying Iā€™m mocking, taunting, attacking or laughing at non-DRSā€™d apes. But nah, thatā€™s not my sentiment at all. Iā€™d like to see every single apeā€™s hopes and dreams realised - but sometimes you just gotta call shit as it is. There are some apes that simply cannot DRS and thatā€™s unfortunate. However, there is also a sizeable cohort of apes that can DRS but havenā€™t. To them, Iā€™m merely saying, if you invite the leopard to eat your face, donā€™t be surprised when the leopard does in fact, eat your fucking face. +After hearing about the Cyptopia exit sc...excuse me, "hack," I recently sold every altcoin that I had on Binance/Bittrex which was not able to be kept in an ERC-20 wallet, or has a mainnet approaching. Converted it all to ETH and took it off the exchange. There is no such thing as safu funds and, if anything, the big guys will know \*exactly\* how to bail when the time comes. + +&#x200B; + +I know I'm not the only swing/day trader who comes here to speak on the tech/future, but then dumps a giant percentage of get-rich-quick money into some moonshot coin. Many of us are sitting on piles of shitcoins. + +&#x200B; + +At first, it was like drugs - only the good and safe ones. "Nah, I'm cool on Vertcoin, but give me a shot of Cardano or Ripple, because why not?" Then, I'd get jealous. "Why the fuck is Substratum up 20% against ETH?" Then, I felt like a genius "Hah! My Crapcoin is moonshotting. Better get some onto the exchange." Then, I felt like a moron, as the CRAP/ETH ratio spiked and fell before I could trade. Finally, I look back at the ETH charts and see clear, fluid indicators that correspond to long periods of market movement. Oh, wait, GAMECREDITS IS UP 50%. BETTER BUY IN. + +&#x200B; + +"ZIL is the future. LINK is the future. Everything is the future." Yes, 99% of new investors have no idea what a DEX is and are merely on Coinbase looking for something "cheaper than Bitcoin but not as cheap as Litecoin," but I'll let my theories regarding why dentists need a blockchain govern my investments and completely ignore what brought me and others here. + +&#x200B; + +The fact that ETH has delays and such regarding updates is a good thing - we are a community. We are mostly decentralized. We are the closest to Bitcoin that you can get in this space, even more so than any of the BCH forks or scams. Vitalik is the opposite of a shill. And, whether or not we like it, Bitcoin is god in this space - no one knows who Satoshi is. Decentralized. Compare that to Craig Wright. + +&#x200B; + +Just some early-morning shower thoughts. If I had never heard of ETH, took one look at the chart, this community, the progress and the resilience, I'd probably buy in with all the FIAT I can right now. + +&#x200B; + +We're Amazon shareholders, so to speak, post-dot-com-bubble, and we're shortsightedly looking at AOL, because they have these super cool CDs and can connect to the internet using only a phone line! + +&#x200B; + +Hodl. + +&#x200B; + +&#x200B; +A $10,000 CAD investment in Suncor today will get you 373 shares. EPS estimates are $0.47, $0.81, $0.87 are $0.71 for next 4 quarters (respectively), so my investment is generating $175.31, $302.13 $324.51, $264.83 quarterly cash flows (totals $1,066.78) in the next year. $10,000/$1,066.78 = PE Ratio of 9.37. For comparisons sake PE Ratio of a bank account right now is 200 ($10,000/$50 interest earned in next year). Is there a flaw in my math/reasoning for why SU is a good investment? +Cliffnotes: I spent a year (11 months) trading once a day, 1:2 rr, no analysis, and I ended my trading year last week at +60%. Yes, you can call me a gambler rather than a trader if you want. Yes, I know, this is basically just a daily breakout strategy. I realized that after the fact ā€“ there really isnā€™t much thatā€™s new in the world. + +I've lurked here for a couple years but I'm not big on Reddit. I posted this last week but since itā€™s a new account the post was auto-deleted. I thought I'd share my 2017 results as it's the first time I saw something through to the end. I enjoy FX but I quickly lost interest in reading charts due to quite a few reasons, but mainly because it was too time consuming for me and I don't have access to open trades for most of the day so I would try to force trades when I was in front of the computer. I basically want my cake and to eat it too. I want to be "in the market", with little to none of the analysis, so I changed how I was looking at it. Instead of trying to read S/R and price action I looked at it in a "if X happens, how often does Y happen" way. As soon as I found something frequently enough, I tried to build a trade out of it. I started looking at the market as gambling that I could put in my favor rather than something I could read. + +Sometime in 2016 I got a "same trade every day" idea in my head and couldn't shake it. Long story somewhat shorter, I spent a boatload of hours looking at 2016 AUD/USD ranges. I forget the exact numbers now, but I remember my initial targets were 25p tp/ 8p sl. I started trading this in December of 2016 but I realized I was being too aggressive with a 1:3 with such a tight stop and this was changed mid-January to a flat 10p sl/20p tp. I then withdrew everything except $1000 from my account and told myself I wouldn't change the amount or my sl/tp for 6 months. SL is always 2% @ 10 pips, TP is always 4% @ 20 pips, and I only traded this on AU. + +I opened two stop orders with a 10p stop and a 20p tp at the high and low of the previous day off of the 15m chart (not on Sundays). If one got triggered I closed the other one - or tried to. There were days where I wasn't around to see the notification and both trades got activated for a loss. There were also a couple days where both trades hit their TP and I came home to an 8% win. That was nice. + +Anyways, I did miss a few days here and there, I made a few mistakes along the way as well like moving my SL to break even before work, only to get knocked our early. To be honest, I did this more than a couple times before I stopped myself. It saved me quite a few losses, but it cost me some winners too, and most importantly, it wasn't something I was "supposed" to be doing. I won a few bigger trades that I shouldn't have by moving my TP and lost trades I shouldn't have even been in. Eventually though, I got to the point of just leaving it. + +Takeaways: + +Worst month was -15%. Something like -$230...I think I lost like 9-10 days in a row. This sucked. It wasnā€™t fun. At all. Opening the trades at one point was something I actually hated doing and just assumed I was throwing $30 away and would either wake up or come home to red numbers. + +Lowest the account ever was: 919.10. This was at the end of Jan/early Feb and I was convinced I was just throwing money away like a dumbass at that point. + +Best month was +21% at around +$240. + +Highest the account ever was: 1,808.40 + +Final: 1579.35 + +I may stay away from trading holidays next year. I'm glad I stopped last week for sure at least since thanksgiving would have also been bad. I'm also not a mathematician or a statistician. It's very possible, if not flat-out likely that my sl/tp could have been optimized better. I'm just telling you what I did this year. + +I am going to diversify next year. I'm going to apply the same trading style to 3 other currency pairs Iā€™m looking at and change the rr to .75/1.5 so Iā€™m risking just over 3%/day, but spread out more. I'm also going to increase my account size to $2500. If this works for 2 years in a row then I'll probably go big around this time next year. + +This might piss some real, chart-reading traders off, and I may have another good year next year or I may just blow the account on 4 bad currencies. What I learned though, is that if you find something that happens at even a marginally higher than average rate, and apply proper risk management, youā€™ll probably be ok in the end. Regardless, I stuck with something through good and bad for an entire year and even though it wasnā€™t with much money I'm happy with myself for it. + +**Edit**: To answer a PM, I open my trades after the day ends on UTC time +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! + +Source: [Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/govt-asks-sbi-to-form-consortium-to-buy-stake-in-yes-bank/articleshow/74486944.cms) +There are a lot of websites like moneycontrol, tickertape, etc, where you can analyze individual stocks. BUT, how do you monitor your overall portfolio to know things like how your portfolio performed with respect to the indices or the safe assets like FDs? Is there any solution that can help in continuously monitoring the portfolio level Beta, Alpha, Sharpe Ratio, etc. These are the parameters that the mutual funds track, does tracking them at portfolio level help? +I think airline insurance is the most ironic thing when they expect you to buy an insurance to reimburse you when they cancel their flights. Itā€™s akin to buying food poisoning insurance at the restaurant. +I often see posts here that say something like ā€œI paid off a loan and my credit score dropped X points! What gives?ā€ And in the original post or the comments, more often than not the score in question is from CreditKarma. But hereā€™s the thing: CreditKarma scores are hardly ever used by actual lenders to make decisions; pretty much only FICO (Fair, Isaac & Co.) scores are. CreditKarma scores have many of the same ā€œingredientsā€ as FICO scores, but the mixture usually isnā€™t quite right. + +The model used for CK scores is called VantageScore 3.0; you can think of it as a slightly ā€œoff-brandā€ credit score that lenders donā€™t typically care for. I wanted to talk about some of the more glaring differences between Vantage and FICO scores ā€“ if youā€™re applying for credit (and not just monitoring), having ā€œthe real thingā€ is helpful. You might eat Kraft American Singles on a sandwich at home, but you wouldnā€™t bring them for an hors dā€™oeuvre at a wedding, right? +