diff --git "a/reddit_finance_43_250k_118.txt" "b/reddit_finance_43_250k_118.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_118.txt" @@ -0,0 +1,10000 @@ +* FICO scores consider ALL accounts (whether open or closed) in determining average account age; VantageScore includes only OPEN accounts. This is probably THE single biggest difference between the two models and the source of much of the frustration with CK that I see here. If you pay off an installment loan (like a mortgage, car loan, or student loan), the account gets closed. While FICO will still count it toward your average account age until it falls off, VantageScore won’t: the closed account immediately gets removed from the calculation, which might make your average account age fall and drop you a bunch of points! + +* FICO models only count hard inquiries – i.e. credit apps – from the past 12 months even though they appear on your reports for 24 months. By contrast, CK’s VantageScore will penalize inquiries for the full 24 months, and (at least in my experience) there’s little to no reduction of that penalty as the inquiries age; a 23-month-old inquiry seems to hurt CK scores almost as much as a 23-minute-old one. + +* With credit line utilization (the percentage of the credit limit owed as a balance) both overall credit balances and utilization at the individual account level matter. But FICO seems to count overall utilization more heavily, while VantageScore seems to be REALLY sensitive to individual account-level balances, to the point where just one account crossing a “threshold” might cause a large swing. In fact, I saw a post here today where someone wrote they lost 25 points (!) on CK when their overall utilization went from 1% to 4%, likely because an individual card crossed a threshold (even though this wasn’t directly stated). In FICO-world, since overall utilization matters more, that penalty would probably be much smaller. + +* With negative entries – late payments, collections, etc. – it seems (from my research) that FICO scores penalize old negative items a bit more than CK scores do. I don’t have any negatives on my own report to use as a data point, but I’ve seen a common thread online where people are unpleasantly surprised to find their FICO scores much lower than CreditKarma, often because of older negative items. Although FICO scores do have some leniency for old negatives, make no mistake: they will still “hurt” for the full 7 years they show on your report! *Edit: This may not be true in all cases as a blanket rule. In some cases, CK may score old negatives more harshly, probably depending on which FICO model you're comparing against.* + +Now, a couple caveats. There are several dozen different versions of FICO scores, some old and some new, some generic and some industry-specific. There are FICO scores specifically for car loans and for credit cards, for example. And mortgage underwriting uses a pretty old FICO model (2004-ish). FICO scores aren’t a monolithic thing, in other words. + +Also, CreditKarma can still be useful even though the scores it gives you aren’t “real.” CK is free (biggest plus!) and pretty decent for monitoring changes to your reports or giving you a rough idea where you stand in terms of credit risk. Above all, just don’t take CK as gospel; remember that they’re a marketing company first (by selling your data to lenders) and a monitoring service second. + +tl;dr – CreditKarma scores aren’t the real credit scores used by lenders, much like Velveeta isn’t real cheese. Don’t pay too much attention to your CK “VelveetaScore” except as a rough guide. + +edit: formatting +>The Florida House passed a bill Thursday to eliminate[ the special district](https://www.nbcnews.com/politics/politics-news/florida-gov-ron-desantis-asks-legislature-consider-eliminating-disneys-rcna25012) that allows the Walt Disney Co. to self-govern its Orlando-area theme park, sending the measure to Gov. Ron DeSantis for his signature. +> +>DeSantis, a Republican, called on the Legislature to back the measure during its special session this week. House lawmakers passed the bill in a 68-38 vote after the Senate's 23-16 vote on Wednesday. +> +>The legislation would dismantle Disney’s special district on June 1, 2023. The district, which was created by a 1967 state law, allows Disney to self-govern by collecting taxes and providing emergency services. Disney controls about 25,000 acres in the Orlando area, and the district allows the company to build new structures and pay impact fees for such construction without the approval of a local planning commission. + + [Florida House passes bill to dissolve Disney’s special self-governing status (nbcnews.com)](https://www.nbcnews.com/politics/politics-news/florida-house-passes-bill-dissolve-disneys-special-self-governing-stat-rcna25337) +The world’s Billionares (not even counting all those broke ass “almost” 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 they’re hiding.) + +For all you smooth brains out there **that’s the equivalent of 238,000,000 people worth $55,000.** + +These people didn’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 it’s one banana, Michael what could it cost, $10,000,000? + + +Edit: + +I’m getting a lot of paperhands saying “BuT if alL 70 MiLlIon sHarEs sOlD fOr $10,000,000. tHaT woUlD be $400 tRiLlIoN!!” + +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. +🐶Telegram: https://t.me/Baby_Shiba_Bsc + +🐶Contract : 0xefc9a1b5f91674a88cc9d8513ce71de5ed171875 + +🐶 Buy : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xefc9a1b5f91674a88cc9d8513ce71de5ed171875 + +TOKEN 🐶BABYSHIBA🐶 is funded solely through its own cryptocurrency, a BEP20 token leveraging a smart contract on the Binance Block Chain network. + +Why should you HODL BABYSHIBA Tokens? + +🐶 Fair marketcap to get in, no whales + +🐶 Youtube/Twitter focus + +🐶 Marketing plans and expansions, team recruiting. + +🐶 Interesting concept of Tetris playing, getting ready for a come back. + +🐶 Yahoo Finance, Marketwatch, and many other outlets published us. + +🐶 Fomotion, Money Ninjas, Crypto Pablo and others already made a video review on us. + +🐶 We are sick of it aswell it, so we have created our own token and dedicated it to all those that have been scammed so get in early and don’t miss out! + +We will make sure this token is safe and a good investment for all, with great rewards to our early holders..💸 + +✅ TOKENOMICS✅ + +✅ Low marketcap + +🔁 TAX BUY : 0% + +📰 TAX SELL : 0% + +🚀 100x potential + +🚨DON'T MISS OUT + +🍰Telegram: https://t.me/Baby_Shiba_Bsc +Hello, + +I hope you all can advise me. My dad has been working in retail for the past 5 years and I've recently found out through a letter from his pension provider that his employer has not been paying his pensions regularily and is being investigated. + +He has since left this job, however upon creating an account and checked his pensions through nest, I've discovered he has less than £1200 in his pension pot. He is 65 years old and He will be working the next few years till retirement and paying more into his pension and his new employer is also paying into it. + +What are the options he has to maximize his pension gain till retirement? Would it be through transfers etc? + +As of now I feel like it's hopeless and I will probably be providing for him as his pension + state pension won't be enough for him when the time comes for retirement. + +Thank you + + +*edit - Hello everyone, + +First of all I can't believe how much attention this has received. I am so thankful for each and every one of you for replying to me and helping me process this situation. I'm so sorry I can't reply to all of you but I have read it all. + +I've had a sit down with my dad today, and discussed everything you've all mentioned, options regarding jobs he can do in his last 2 years for working, had a look with him at his current pension scheme he's enrolled on too, checked on the gov website for his NI pay which thankfully he has paid a good amount into since working and finally to all of you who mentioned that council tax & rent is free once retired has took a huge amount of relief from the both of us as this was one thing we were worried about. We will definitely do our best to make sure we can keep the home for him till he is able to fully retire. + +I have also opened a bonds account where I'll be deposit some money for him every month and I'll hand over to him once he retires or is in need of it. + +Once again can't thank you all enough, I really do appreciate all the help and messages. I have much to learn and it's been eye opening. + + +I've seen many articles and comments saying that AT&T is a good dividend producing company. As I'm still learning, from what I can tell their Dividend Growth Rate (DGR) has been awful. +1yr: 2% + +3yr: 2% + +5yr: 2% + +10yr: 2.2% + +For reference, I'm using the [https://www.dripinvesting.org/tools/tools.asp](https://www.dripinvesting.org/tools/tools.asp) Dividend Champions Excel spreadsheet. + +I'm happy for someone to take me to school on this one as I still trying to learn on my own how to read statistics properly. Looking at liquidated T for something with better growth opportunity. +There are a TON of accounts created within the last 48 hours posting about AMC and Nokia. They are literally trying to create new social trends to divert funds away from GME. + +I'm completely guessing here. But the lack of age in the NOK and AMC posts is a FACT. I just reported several as spam. + +Disclosure: I am long GME. Fuck the funds. Not financial advice, this post is a statement of fact about the account age of recent NOK and AMC spam in this sub. + +Edit: tons of comments here so if you're seeing this here is the advice I have. This is not financial advice, it's standard Reddit advice. + +**When evaluating a post, go to that users profile page. Their actual profile page, click on their name you dolt don't just hover over it. Ok you made it. How many posts do they have, how many comments? How long have they been a redditor?** + +**If less than a weej, it's a bot. If posting about the same single thing in a spammy parlance, it's a bot. 3-6 months? Maybe a bot. hard to say. 6+ months? Not a bot, probably just a retard.** +It seems like a lot of the more successful traders on here have pretty set strategies, has anyone tried automated their trades using code instead of manually trading? It seems like picking up nickels in front of a steam roller is a lot easier if you're using a Roomba. +We are always torn about enjoying what you have and saving more for the future by delaying gratification. If you have been through it, it would be great to hear from you on when you had to be disciplined and it reaping rewards for you and helping you reach where you are now. +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. +Mark was early, too early. Meta should have remained an internal project + + +Instead, he took a risk and took the company in the new direction with the greatest deal of publicity. Changing their ticker, name, mission. All on display for the world to see, as if to say, look at me, look at us, place your eyes on our newfound identity. + + +It's very fitting, for the de facto social media industry leader to take this approach. Very fitting, for a once young and innovative Mark Zuckerberg to want to matter again, after years of declining market share and increased competition. + + +The issue is one that is shared among the modern investing world. One driven by jargon and VC capital endlessly pouring into the "next big thing". One where appearance matters much more than actual substance. You might even say this is reflective of society at large, perhaps even one where Zuckerberg helped mold. The issue lies in the fact that we live in a world where simply changing your name to include a buzzy new catchword such as crypto, NFT, or Metaverse can increase your company's valuation multiple times without changing much else. + + +But for how long? Eventually when the music stops and the madness of discretionless investing is over, when the cost of capital has tripled, quadrupled, will your firm truly stand the test of valuation? Time to get back down to brass tacks. +I mean think about it honestly for a moment. I know "new tough rules" are coming out that are supposed to ban congress and FED members from trading individual stocks but what the fuck? The damage has already been done. + +Gamestop has to be so intertwined in something so massive for them to silence DFV. Otherwise it makes no sense. + +Edit: ah fuck. Whose** +GG also only talked about looking into one stock. + +DFV only talked about one stock. + +MSM have only kept one stock out of the news cycle or when discussed it's discussed only negatively. + +I know it, you know it. + +It's GME + +All other "memestonks" are distractions with weak/shill leadership and even weaker fundementals. + +This is why we do not discuss them or post screenshots with them. It's super simple. + + +GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME +GME, GME, GME, GME, GME, GME, GME, GME +GME, GME, GME, GME, GME, GME, GME, GME +GME, GME, GME, GME, GME, GME, GME, GME + +Buy and hold GME. + +Edit: David Lauer has bought GME. + +https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday + +Some bees in bonnets below. Pop po out in force for some reason, on a GME sub, from accounts with no GME post history. Goes to show ya folks + +Edit 2: There appears to be brigading happening in the comments! Remember apes, don't touch the poop and upvote your mates! + +Edit 3: sticky floor folks need to chill. No one even mentioned y'all and suddenly theres a bunch of people defending them by name. Doesn't seem sus at all... + +Some serious aggression coming out. GME apes being polite and as awesome as ever, love you guys :) <3 + +Those that hold both: hope they both pay off for you. I'm just stating facts + +**Edit 4**: wow a lot have come out of the woodwork saying suspiciously similar things. Very similar things infact! Almost scripted.... + +Edit 5: Got my first ever suicide prevention message. Thanks guys :) x + +**Edit 6: I want to be clear: I hope *everyone* makes some bank. Fact is fundamentally GME is the only real play if: you want an awesome company, want a great leader and team, want to stick it to the man, and want to actually *invest* in a company and not only bet a squeeze. My 2 pennies :)** + +**If you believe a stock is a memestock that's on you. I don't believe GME is a "memestock" by any stretch other than it's popular.** + + **GME is *the* stock!** +My wife and I pay over $24,000 a year in Childcare (in Sydney). That is just with 1 girl (4-yo) in pre-school. + +Our 2nd kid (toddler) is still at home. But once she starts childcare too, it's going to get really dicey. + +&#x200B; + +So, parents. How much are you paying (out of pocket) for childcare? +It's difficult to get a mortgage when retired (having assets but no employment income). + +Recent commenters ([here](https://old.reddit.com/r/fatFIRE/comments/o6h2t9/level_of_assets_required_to_obtain_a_mortgage_wo/h2sjqhw/) and [here](https://old.reddit.com/r/fatFIRE/comments/od3uzy/using_margin_to_buy_a_house_vs_paying_a_large/h3ybago/)) here were lifesavers. They showed how to get a mortgage with terms and for amounts much better than I could get with an asset depletion mortgage. However the comments lacked details and without a reference trust document, I had to do hours of research to get started. I thought I would save others this time by passing on what I learned and detail the process from start to end. + +I started by creating a Trust Agreement. I am not a lawyer but I combined language from different boiler-plate trust documents to create an agreement written in an optimal way to qualify for a loan. Note that many brokerages require that the Grantor (creator of the trust), Trustee (administrator of trust), and Beneficiary (recipient of benefits from the trust) be the same person. However, note that some states, such as Texas, do not recognize trusts where all 3 are the same person. However, you can define the governing law of the trust to be any state you wish. By having the trustee have the same identity as the grantor, and by being a revocable trust, you can use the SSN of the grantor for the trust, and no additional filings are required when doing taxes, nor are any new tax IDs required so long as the grantor lives and administers the trust. + +Here is the [Trust Agreement](https://docs.google.com/document/d/17u6Lhubtg-4JDupfsi1kCOcgAqfsrN77iTp_KOWqBBE/edit?usp=sharing) I created and used. To edit it, you can go to File > Make a Copy, or alternatively, you may download it as a Word Document. Then you will have your own version, visible only to you, to edit. Simply modify the highlighted text with the details appropriate for you, and update the assets listed under Schedule A. + +The most important section of this trust document for obtaining the loan is the language defining the payment schedule (the top of page 3). To be a conforming loan, your total debt to income ratio (including any existing mortgages (if you don’t sell prior to closing on the new property) and all taxes, insurance, etc.) must be less than 45%. So if your total monthly spend on properties and debts is $10,000/mo, divide $10,000 / 45% = $22,222. Your Trust must therefore define payments of at least this amount to qualify for the loan. To be safe, round it up to say $25,000, and then define it as a quarterly payment of three times the monthly amount, so $75,000. + +The reason to make it quarterly is that according to Fannie Mae’s [Requirements for Trust Income](https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-3-Income-Assessment/Section-B3-3-1-Employment-and-Other-Sources-of-Income/1035647451/B3-3-1-09-Other-Sources-of-Income-12-16-2020.htm#Trust.20Income), the trust agreement or a statement from the trustee must confirm the amount, frequency, and duration of payments, but the payments need only be verified through bank statements if they are received on a monthly basis. By specifying the payments as quarterly, no payment history is required. In addition, he way the trust defines the payment schedule, payments out of the trust are optional, and you can leave those payments invested within trust, so you don’t need to actually withdraw/divest etc. any assets when proving income. You can keep the trust open as long as you wish without liquidating any assets. Powers granted to the trustee also allow taking loans based on the assets, so you could take out a pledged asset loan or margin loan based on the trust assets. + +The next most important section of the trust agreement is funding the trust, which you do by declaring assets you intend to transfer to the trust and then completing the transfer (funding the trust). The assets are defined in Schedule A of the trust, and should define the number of shares, the name of the security, and the account number they are held in prior to funding the trust. + +The total value of these fund assets must be sufficient to fund at least 3 years of payments starting from the date of the mortgage application. If you can, make it enough for 3.5 to 4 years, so you can easily demonstrate to the lender that it is funded to continue for at least the required time. By using this trust document, I was able to obtain approval from all 3 of the lenders I reached out to and it was for a conventional, conforming standard loan. The whole process of creating, and funding the trust, once I printed the pages of the trust agreement, took only a day. + +The following are the exact steps I undertook. Note that I used Charles Schwab as they support trust accounts, and Pledged Asset Lines based on trust accounts, which may be useful to you for paying for closing costs or down payments, or acting as a bridge loan between selling properties, but any brokerage supporting trust accounts should do. + +1. Update the Trust Agreement with your name, address, state, and desired quarterly income level necessary to qualify for the loan. +2. Updated the trust assets with a listing of the shares in your existing (individual) brokerage account which you intended to transfer into the (PAL) Trust account. +3. Print the Trust Agreement, and take it to a [UPS store](https://www.theupsstore.com/tools/find-a-store) which you should call to confirm they have a notary public, and two other witnesses on staff. The whole signing process took 15 minutes. They didn’t read the document, they just sign the signature pages. +4. Scan the signed trust agreement into a single PDF of all pages. +5. Open the PDF and print it as a PDF, but when printing, instead of selecting to print all pages, first specify to print only the first page (the title page), then a second time print just the range of the signature pages. These sets of pages are the only pages that Charles Schwab is interested in seeing as part of the application to create the trust account. They don’t need, and prefer not to see any of the details of the trust agreement. +6. Apply to create a [Trust Account](https://www.schwab.com/trust-account) from this page. I submitted the application for this trust account as well as the PAL account on the weekend, and the next Monday morning both accounts were created, funded and ready to use. The assets automatically transferred from my brokerage account into the PAL Trust account. +7. Apply to create a [Pledged Asset Line](https://www.schwab.com/pledged-asset-line) (PAL) selecting Trust as the account type. If you don’t intend to use a PAL you can skip this step. I chose to create a PAL and have it entirely funded with assets from my existing individual brokerage account. + 1. The default interest rate on the PAL is not ideal. You can call the pledged asset line number (at 800-838-6573 from 8:30 am - 8:00 pm ET, Monday - Friday) and negotiate for a better rate by comparing to the rate you see from [Interactive Brokers](https://www.interactivebrokers.com/en/index.php?f=46376) which is a spread based on LIBOR. They get back to you within a day or two with a newly negotiated rate. + 2. I created a [schwab one checking account](https://client.schwab.com/secure/cc/service/open_account/investor_checking_schwab_one), and after a day or so I was able to move funds from the PAL directly into the checking account via the [online transfer form](https://client.schwab.com/Areas/Service/Transfers/Index.aspx). They allow loans of up to 70% of the value of assets in the account. +8. To create proof of the funds in the trust. There are two methods you can use: + 1. The first is to generate a balance letter, which charles schwab will generate on the fly through [this page](https://client.schwab.com/Apps/accounts/balanceletters/#/balanceletters). Just input an amount necessary to prove at least 3 years of funding based on the payment rate. It will generate a PDF that looks [like this](https://archive.is/SpQUm). + 2. My lender was not satisfied by the balance letter and requested two months of account statements as well. Since this was a new account, I provided a PDF printout of [positions](https://client.schwab.com/Areas/Accounts/Positions) for the account, as well as two months' statement history from the accounts that sourced the funds in the trust. + 3. My lender e-mailed me asking what I could provide to verify “The amount, frequency, and duration of the trust income for must be verified the borrower by the Trust Agreement or by the trustee's statement confirming the amount, frequency, and duration of payments. This income cannot be used for qualifying unless it will continue for at least three years.” + 1. I replied with the statements, position print out, balance letter, and wrote: “The Trust Document (page 3) specifies the amount and frequency of the payments (totaling $250K per year). The statement letter from charles schwab indicates the trust is sufficiently funded for the payments to continue for at least the next 4 years (as it is presently funded with over $1 million in assets). I am attaching statements from the past two months showing the source of funds used to fund the trust account. I am attaching a print out of the current holdings in that account, but there is not a statement issued for this account yet as the account was just created this month. + 2. The above statement and documentation satisfied the lender. + +A word of caution: using this technique can qualify you for a mortgage up to 10X larger than what a conventional asset depletion mortgage allows. This is because for asset based loans, income is calculated by dividing the assets over 360 months. This method proves income by by dividing trust assets over just 36 months. To make sure you don’t buy more house than you can afford when you are FIREed, a rule of thumb is to take the total value of your total invested/income producing assets, and divide it by 800. The result should define a relatively safe cap for the most you should spend on housing per month. This 800 number is derived from 1/(3.5% SWR \* 43% DTI \* (1/12)). If your monthly mortgage/taxes/insurance are much more than your assets/800, you may be spending too large of a fraction of your safe withdrawal rate on housing. +**RED ALERT: The Senate is about to vote on a bill that could kill crypto** + +This is a red alert. A provision that’s so [poorly](https://www.techdirt.com/articles/20210802/17045447294/bidens-infrastructure-bill-shouldnt-undermine-cryptocurrency-infrastructure-process.shtml) written it could crush the cryptocurrency ecosystem and dramatically expand US government [surveillance](https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital) has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers. + +**Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** +I keep reading comments and quotes in news stories from people complaining how high prices are due to inflation and how inflation has to come down and Joe Biden has to battle inflation. Except the inflation rates we look at are year over year or month over month. Prices can stay exactly the same as they are now next year and the inflation rate would be zero. + +It’s completely unrealistic to expect deflation in anything except gas, energy, and maybe, maybe home prices. But the way people are talking, they expect prices to go to 2020 levels again. They won’t. Ever. + +So push your boss for a raise. The Fed isn’t going to help you afford your bills. + +Feel free to tell me I’m wrong, that prices will go down in any significant way for everyday goods and services beyond always fluctuating gas and energy prices (which were likely to fall regardless of what the fed did). +Hi, I’m currently a sophomore in college majoring in accounting and wanted to know if anyone has worked in a career full time whilst also pursuing REI? +SIS Limited is one of the largest company in security, facility management and cash logistics services in Asia-Pacific. The company is the largest security solutions provider in India and Australia and is amongst the top 3 in New Zealand and Singapore. + +The company derives almost 50 percent of the revenue from overseas markets. The company has over 2,30,000 employees across the world. Along with providing physical security the company also provides command and control services, Closed-circuit television monitoring and entry automation. + +The company also deals in facility management i.e. housekeeping services, janitorial support, integrated facility management, HVAC maintenance and pest control. + +Indian Security Industry - The Indian Security industry has been projected to grow at a CAGR of 14.3% from Rs. 806 Billion in FY19 to reach Rs. 1,574 Billion in FY24 (Source: Freedonia Report on India Security Solutions and Facility Management, March 2020). Security services is a relatively stable segment, and is very unlikely to be disrupted heavily. The industry was classified as an essential service provider by the Ministry of Home Affairs during the national lockdown in 2020 due to the ongoing COVID-19 pandemic which also signifies it’s importance to the economy. + +SIS derives 38% from its Security Solutions in India business. Despite being the market leader in India, the company only has around a 4% market share of the overall Security Services in India which shows the massive potential for the company to gain market share. This is partly because over 65% of market share is still in the unorganized sector(from 70% in FY 2019). The shift to unorganized to organized sector is due to focus on compliance after the implementation of the Goods and Services Tax, stricter enforcement of minimum wage bill, and the Private Security Agency Regulation Act and the recently passed Labour Reforms bills which are likely to benefit SIS India over the medium term. + +The market consists of over 20,000 small to medium sized unorganized players and around 10 national players. Below are the largest players in the Indian Security space. The data shown below is from the prospectus and the numbers are a bit older however SIS is now the largest player in the Security Space with India revenues over Rs. 35200 million. + + +Further the industry is well diversified across sectors which prevents it from getting impacted from a downturn in one of the industry. Below is the sales mix for SIS Limited across sectors in India which showcases the diversified nature of business. + + +International Security Markets - SIS primarily operates in Australia, New Zealand and Singapore. + +Australia is a key market for the company, the company is a market leader in Australia with a 21% market share (CRISIL). The company has acquired the remaining 49% of Southern Cross protection(SXP) which is in the mobile patrol business in the previous year thus expanding and deepening their footprint in Australia. The Australian security market is expected to grow at 5%. + +The company has entered the Singapore and New Zealand Markets via Henderson Security Solutions (SIS owns 60% stake) and Platform 4 group (SIS owns 51% stake). The company is amongst the top 3 players in both the geographies. + +The international security market is a bit less diversified with Government (35%), Defence (12%), Commercial (10%) and mining (10%) being the key segments for revenue in FY 2021. Government was slightly higher due to one-off government contracts in the previous year due to Covid. + +SIS derives around 50% of revenue from its overseas operations (Australia, New Zealand and Singapore) + +Facility Management - + +The industry is forecast to grow from Rs. 1,055 Billion in FY19 to Rs. 2,328 Billion in FY24, at 17% CAGR. The market size includes housekeeping solutions, technical/hard facility management, pest control, landscaping, catering, and even solutions provided by OEM vendors under the service contracts. While this segment was impacted by the covid, the long term structural story seems intact for this industry as a whole. + +Of the total industry - 62% of total market comes from cleaning services and 10% comes from pest control accounts. The balance comes from the other industries. + +The company is the second largest facility management services company in India. IT (25%), Pharma (19%), Commercial offices (23%) and manufacturing (10%) contribute over 77% of the total facility management for SIS. + +The company also is the second largest company in the cash logistics segment in India. + +The facility management contributes around 12% of total revenue of SIS. + +Key strengths for SIS Limited + +Mergers and Acquisitions - The company has a terrific track record of mergers and acquisitions. The acquisition strategy is to gather/ consolidate market share by adding (new geographies or existing geographies) or add new capabilities (entry into healthcare/ pest-control etc.) + +The company acquired Dusters Total Solutions Services Pvt Ltd’s whose revenue grew at a CAGR to 23% during FY17-FY19 compared to 11% pre-acquisition (FY13-FY16) and EBITDA grew at a CAGR of 58% compared to a CAGR of 33% pre-acquisition. Southern Cross Protection Private Limited was another acquisition where post acquisition growth was higher than pre-acquisition growth. + +The New Zealand business has grown 5x since the JV with Platform 4. + +Unorganized to Organized shift - The Indian security market is largely unorganized (60% market share) and the shift to unorganized to organized is gradually happening due to increasing economic activity and GDP growth leading to need for improved security, growth in wages, increased threat from anti-social elements and terrorist outfits, societal perception on threats and awareness on security, asset creation –real estate and infrastructure growth, and premiumization and hybrid solutions. + +Despite being the largest player in India, SIS still only has a 5% market share compared to 15-20% in more advanced economies. + +India also has the lower per capita security expenditure almost 6x lower than other emerging market countries like Turkey and South Africa. + + +Track Record - The company has a terrific track record with revenues growing at a 5 19% CAGR over the last 5 years despite the covid year. The company has also maintained a ROE of over 20%. While growth in Australia is expected to be slower at around 5% , the Australian entity generates terrific free cash-flows and has a higher return on equity of over 40% which provides a good balance to the Indian unit which is expected to grow much faster. While growth is still expected to come from Indian Security and Facility management business, a presence in the more developed economies provides stability and also gives an edge in terms of technology to the company. + +Networking Benefits & New Age business - + +The company across Security and Facility management have identified that almost 90% of their clients are engaged into service contracts with the company for only 1 service. The opportunity for cross-selling is high and this can leads to networking benefits playing out for the company. + +The company has entered into alarm monitoring system and other I.T. based security which has grown very reasonably. This also showcases company’s capabilities in technology and a vision for the future. The market for security and automation solutions is very huge as evidenced by Apollo Private Equity’s buyout of ADT for almost 7 billion USD in 2016. . + +Key Risks - + +Acquisition costs - The company has to acquire Southern Cross Protection and Henderson Security much earlier than expected as the promoters of the companies enforced their right to cash out early. The acquisition of Southern Cross Protection resulted in a cash flow outflow of over 203 crores, similarly Henderson Security has also enforced the same which will result in a cash outflow of around 230 crores in the near future. While the company expects almost 85% of growth to come organically and inorganic investments are unlikely to happen in the near future, the fact that the company may need to dish out high sums of cash -flow can put a possible dent in the financial performance of the company. + +Lower Growth trajectory of the overseas subsidiaries - The Australian company is not a very high growth company with the expected growth rate to be in the range of 5%, last year’s growth of over 20% was an anomaly due to government contracts due to covid and the same will be seen in the current year’s financials. + +There has been a management change in Henderson Security (Singapore) and the business has not done very well during the Covid times and the earlier management has moved out after their cash out and SIS has appointed new management to takeover the business. There still lies a bit of uncertainty of how quickly the company can restart growth in the Singapore markets which can provide a drag on financials especially as the company has been acquired at relatively high valuations. + +Conclusion / Disclosure - SIS is the only security related business listed in India with a terrific track record by the management. As per the latest data, the security business in India is operating at pre-covid levels and facility management is operating almost at around a 95%. In the absence of a third wave, the company can restart it’s growth trajectory from Q2. + +As per vision 2025, the company expects to double market share in 4 years while maintaining over 20% ROCE, signaling a potential growth of around 19%. While growth expectations can be taken with a pinch of salt, the stock still trades at a relatively valuation of around 18 PE, when compared to other staffing peers. + +Disclosure - I currently do not own SIS, however it is in my watchlist. +11 % returns in a debt instrument is enough to make a lot of people salivate . Including yours truly . + +But before I go on , the usual disclaimer. I am just talking about it , this is not any advice or endorsement . I am usually wrong , don’t believe me , ask the missus . Please do your own math your own voodoo your own advisor . + +We are seeing a new kind of product being sold to retail investor . Called a market linked debenture . I came across this today + +https://www.wintwealth.com/app/assets/Wint-Gold-Jun21-5/ + +Apparently taking a secured bond , adding dual recourse and linking it to an index at some godforsaken level transforms the ugly duckling that is taxed at the marginal rate to a beautiful swan taxed at LTCG . + +I will be taking a small bite into this innovation later, just thought I would leave it here for discussion . +You put the ETH in escrow and wait for their wire payment. They mark it as paid and send you "proof" (screenshot, photo, w/e - it doesn't matter as it's easy to fake). Then they have various ways of justifying why you should release the escrow, even though you can't see the money in your bank account yet. One popular reason is "Did you even read my Terms Of Service? I wrote there that the escrow must be released as soon as I provide proof of payment. I need the ETH fast!". + +Honestly, I tried a few trades and now, two weeks later, I just decided to give up and withdraw all. I haven't managed to make any actual sale, and I lost time providing proofs to support in order to get my ETH back. All the fake buyers had "completed trades" on their accounts and good feedback, because again these are easy to build up through the use of multiple accounts. + +> I posted this in /r/ethereum as well, but it wasn't approved. Moderation there is becoming strange. Only 3 threads in total approved in more than 12 hours. +Ok so I know this is a long shot. Why? Michael Burry deleted twitter and he doesn’t want to give any motive to the SEC or anyone to come knocking on his door. + +But would he be interested to be interviewed by one of the leading journalists of all time? Why shouldn’t a prominent mind be allowed to speak without being afraid of harrassmeny from authorities? + +It’s just a pipe dream and obviously something all parties have to agree to. But I think it is something that we maybe should at least try to make some noise about. +Here on /r/financialindependence I read a lot of stories of many people's rather smooth transition from high school to a good college and into an immediately well paying career path that will set them up for life with little worry. Some of us however have taken more unconventional paths. + +Here's a summarization of my adult working life: + +Straight up - I was very unsuccessful financially for the first decade of my adult life. + +In college I was not a hard worker, most of my spare change went to beer, and a serious bout of depression almost flunked me out and took me several extra years to get my grades back up. I had grown up with helicopter parents that severely limited my social life, so I viewed college as an escape from their grasp and as an excuse to have fun more than a way to get educated and set up my future. I ended up barely graduated in 2011 with a degree that had been completely neutered by the 2008 financial crisis (Urban Planning). I had worked intermittently in college during my breaks and also on an on-campus job and was able to pay cash for my first car (a used Toyota Corolla) that I still drive today. Other than that, I was broke when I graduated. + +I didn't get a job straight out of college. I had an internship opportunity through a family friend that had been rescinded due to slashed budgets. I had to move back home with my parents to a VLCOL small town where there was no work to be had; I couldn't even land a 3rd shift gas station attendant job. After 10 months of unemployment and lots of boredom and depression, a chance encounter actually landed me an entry level job in my field: $11/hr conducting surveys for the local planning commission in a MCOL city; a far cry from the standard starting salary of $50k/yr that career path would have afforded me had I been just a few years older but hey, it was a job. + +Over the next year I did everything I could to be as frugal as I possible: I lived in a friend's partially finished attic for $100/mo, I biked over driving every chance I could, grocery shopping was only done at Aldi and Walmart, I limited my recreational activities to free events and sports, and my only vacations were either to my parent's house or to visit my sister in another city two hours away. I managed to save up $4000 that first year and opened up my first Roth IRA. Very exciting! + +The problem is that I realized that I hated my field of work. The education I received didn't properly set me up to work in this new post-2008 financial and political world. I didn't like the prospects of my future career, the culture of the workforce, and the fact that our work was continuously blown up by politicians routinely making poor decisions. I realized that my dream of making utopian cities would never come true. I grew to hate the city I lived in and the people I interacted with. I needed a change. + +In late 2013 I quit my job on a Friday and by Monday I had packed my car and was off to a new VHCOL city to start over with $3500 in my pocket and no job prospects. A friend there had offered to let me sleep on the couch and I took him up on it. Would I ever recommend anyone does this? No, but in a way I was desperate and still pretty young so I chanced it. Unfortunately, this VHCOL city also had almost no job prospects in my field, and for the next year I desperately applied to every job I could while taking little side jobs here and there to generate some cash flow. + +By October of 2014, I once again was broke. Here I was, 26 years old, college educated, and I was sleeping on a couch with no money, no job, no girlfriend, no prospects in life, etc. I hadn't contributed to my Roth IRA at all in the past two years. My parents sent me $400 to get gas and an oil change so I could move back home. The local factory had picked up and they had job openings; my future as a assembly line worker was being solidified. + +On a stroke of sheer luck, I found my drunk neighbor outside one night; he had lost his keys at a bar and was locked out of his home. I called for a locksmith to come, and I stayed with my neighbor while he waited. We got to talking and I told him the story I just told above. He very drunkenly took sympathy and offered me a temporary job in the warehouse he managed for $10/hr. He was clear that the work would suck and many people didn't last long, but I didn't care. I was elated and took him up on it immediately. + +I busted my ass for the next month working every moment I could and saving every penny. The company liked me so much that they decided to keep me around. + Within two months I was off the couch and was moving in with a friend....into his sunroom. But it wasn't the couch and it was only $250/mo! I was able to open up a new bank account with $1000. I was going places! + +The next several years were still tough: I only received small increases in pay, I was passed over for promotions by other more well connected people, and I was still living quite literally in a closet. Through overtime I was barely crossing the $30k per year mark. And hanging over all of this was that I was still living in a VHCOL city, so that income did not take me very far. + +At the beginning of 2017, the promotion finally came. My income increased 50% and I was able to move out of the closet and into my own bedroom. I was able to now start saving money at a good tick. The problem was that I was so scared of returning to my old financial situation that I kept all of my money in cash. 2008 and all that it did to me and others still scared the fuck out of me. I had worked so hard for that cash and I was not going to lose it. + +2018 comes and my pay increased another 25%, and then that summer I decided to log in to my Vanguard account for the first time in years. What I found was that I had totally forgotten to invest that $4000 that I had deposited in 2012 and had been sitting in a settlement fund. The growth over the years meant that that $4000 had turned into $11000, which is great, but I did some calculations and found that had I put it in VTSAX, it would have become ~ $30,000. I was pissed! + +From that day forward, I have been very focused about saving and investing my money. I found a pretty cheap little apartment for my area ($1000/mo with all utilities included) and I save about 50% of my take home earnings. Last year (2019) I crossed the $70k income threshold for the first time and I payed off the last of my student loans. My emergency fund grew to be big enough to cover a full year of expenses which has removed a ton of stress. I have a separate CD fund set up that will allow me to buy a car either for cash or with the help of a small loan once my trusty Corolla finally dies. I have been very lucky through the pandemic and have not only maintained my employment but also picked up a side gig. I expect to cross at least the $85k income threshold this year (2020). It's still not a ton of money living in a VHCOL city, but I've found little ways to stretch my money further than it should. Purchasing a home is nowhere in my near future unfortunately, but that's just the way it is right now when the cheapest housing unit of any kind for sale is +$600K. + +But what I'm most proud of financially is that for the first time in my life I recently crossed the $100,000 net worth level at the age of 32. It's hard to believe how far I've come in the last 5 or 6 years from when I was straight up broke. Index funds are absolute wonders! At my current pace I expect to become a millionaire by the time I'm 43. I've faced a lot of failures both internal and external so the prospect of this to me is elating. I took risks that few would advise, and was willing to take on jobs that many would consider beneath themselves. + +I share my experiences because I'm sure like many others I see the stories posted here about the full scholarship magna cum laude software developer that immediately gets a job at Google and will be able to retire at 35 and this can be very discouraging for us more "average" folk. The path isn't easy for most of us, but it is worth it. Luck can and does play a big role for us all; don't try to hide or avoid it, just embrace it and take advantage of the opportunities that come your way. I don't know if I will ever fully achieve the Retirement Early part of FIRE, but I am damn proud that I can see the Financial Independence part in my future. +I'm curious to know more about the state of the Australian IT job market in terms of salary, experience, and roles. Most people that actively post here skew things to the higher end in terms of salary, giving people a false impression of their earning potential. Many people also work for overseas companies or are living in the US and still come to this sub since they're from Aus originally - and we all know that US IT jobs pay much better than here. + +So I invite anybody and everybody here regardless of experience or salary, that works in IT/software development, to post what you do, how much you get paid, what your role is, and whether you enjoy it! + +I can start. + +Software engineer. 4 years experience. $87k base salary (+9.5% super). Private sector. +According to the Transamerica Center for Retirement Studies’ report, the median retirement savings in the United States by age is: +Americans in their twenties: $16,000 +Americans in their thirties: $45,000 +Americans in their forties: $63,000 +Americans in their fifties: $73,000 +Americans in their sixties: $117,000 +Americans in their seventies: $172,000 +Every fucking instinct I have is always 100% wrong. + +A war breaks out? +That's probably not good for the economy right? +Let's buy puts! +GET FUCKED, BIGGEST RALLY IN THE HISTORY OF THE S&P 500. + +Now I know what you're thinking, If every instinct I have is wrong then the opposite has to be right? + +Nope! It's not that I just suck at predicting market movements(i am absolutely horrible at it) my actions themselves seem to trigger the markets to move in the opposite direction as if it's a sentient being that is intent on fucking me at every possible turn. + +Even statistically I shouldn't be this bad at trading. + +Suffice it to say I am done with this fucking rigged trading bullshit. + +If anyone needs me I'll be at the Wendy's behind the 3rd dumpster on the left. + +Fuck you all goodbye. + +EDIT "Fuck you all" was bit harsh. + +Fuck you all, see you Monday. +They literally just inserted themselves out of nowhere into this saga. The fucking audacity of this bitch ass company going public with a lawsuit. Then mere moments later RC nukes them with a tweet and now there are swaths of people working day and night toward uncovering every single dirtbag maneuver they've facilitated. + +Its actually incredible how retarded they are. I aspire to be soo retarded. Who's the dumb fuck who thought filing a public lawsuit was a good idea? Who is the absolute mailbox who thought to themselves, "Ya know what would help BCG, is if we inserted ourselves into the greatest movement of all time which strives day and night toward uncovering illegal and unethical business practices". + +Ah yes BCG, a consulting group, who consulted themselves to become a massive target down wind to some of the most relentless and informed retail investors literally of all time. Who we now know has ties to Shiddydel and has "consulted" multiple business just year(s) before bankruptcy. + +Its like some puke brained executive just woke up last week and thought, "Im gonna go ahead and just vaporize all of our careers". + +And just when I thought things couldn't get any spicier. +So I’m sure you’ve all noticed the rapid increase in short interest, shares borrowed, and cost to borrow recently.  There will probably be a bunch of FTDs soon too. + +Why? + +The obvious answer is that SHFs are shorting the hell out of the stock.  But it’s wrong.  In the past they shorted the hell out of it without increasing these metrics.  And our stock’s price movement doesn’t really feel like it’s being shorted to hell right now, not anymore than it usually is.  A more likely answer is that one of the retail brokerages is exiting its swap positions with a short hedge fund. + +What do I mean? + +Remember back during the sneeze when short interest was way above 100% and FTDs were all the rage?  But hedge funds needed to convince the public that they had “closed” so they needed to fix the short interest and FTD data.  Swaps were the secret to that. + +How does a swap hide short interest? + +Short interest reporting accounts for a firm’s net position.  It doesn’t account for positive or negative balances within a firm’s internal accounts.  Suppose that Shitadel short sells 75,000,000 shares of GME to apes with Fidelity accounts.  That causes Fidelity to have a net +75m shares and Shitadel to have a net -75m shares.  This gets reported as a short interest of 75 million shares. + +Suppose that instead of Shitadel, it’s Fidelity that is shorting the stock.  Fidelity sells 75,000,000 shares to apes with Fidelity accounts.  That causes Fidelity to have (75,000,000 - 75,000,000) net 0 shares.  This gets reported as a short interest of 0 shares. + +But this isn’t really Fidelity’s game so why would they take open this huge short position?  The answer is that Shitadel is paying them for an equity return swap position that gives Shitadel equivalent exposure to being short the 75m shares.  Fidelity’s side of the swap makes them equivalently long to 75m shares, which isn’t their game either, so they short shares to their own customers to hedge the long position so that they’re effectively neutral.  This is how the short interest disappeared after the sneeze. + +What else does a swap do? + +These swaps do a few other cool things for the short hedge funds, beyond just hiding short interest.  Let’s talk about stock borrowing and delivery. + +Stock delivery occurs at the NSCC when a broker sells a stock to another broker.  They net up all their transactions, realize that Smellvin Capital owes 69,000,000 shares to Vanguard, and that creates a delivery obligation.  Smellvin doesn’t actual have 69,000,000 shares to deliver so they need to borrow 69,000,000 shares to deliver.  Well, turns out they can’t do that either.  That’s how you end up with Smellvin not being able to deliver those shares, resulting in a failure to deliver (FTD). + +But what if Vanguard short sold stocks to its own customers.  There’s no stock to deliver to another broker at the NSCC, it’s just an accounting thing in their own books.  So no delivery occurs.  And because no delivery occurs, no fail to deliver happens.  This is how the FTDs disappeared after the sneeze. + +Likewise because Vanguard doesn’t have to deliver to itself, there’s no need to borrow the stock to make delivery.  So the number of borrowed shares plunges. + +Another “benefit” of this is that there’s a lot of rules about which customer-owned shares a broker can lend out.  You can only lend out shares in margin accounts, and then only up to 140% of the value of the amount of margin being used.  A margin account might have no margin actually being used, in which case the broker is not supposed to lend out the shares because they are considered fully-paid, like a cash account.  This really limits the ability of a broker to lend shares to shorts when apes are conscientiously keeping their accounts off margin because they think their broker will actually have their shares. + +It’s different if the broker is shorting to its own customers.  Again, there’s no need to lend, or borrow, or deliver.  +1 offsets -1 and the brokers net position is 0.  So even if you’re in a cash account, they don’t actually need to have a share for you if it offsets their own negative position. + +How can a broker not have my shares? + +SEA 240.15c3-3 covers when a broker is required to hold a share for you.  It’s about 200 pages long.  About 5 of those pages are “you need to own the stocks your customers think you own”.  The other 195 pages all start with “unless”. + +The most important sections of this law for us are (d) and (n).  In (d) the SEA requires that a broker possess the security for a fully-paid customer (that means they can’t use margin as an excuse to not possess it) who has held the stock for at least 30 calendar days.  There’s a bunch of “unless” clauses surrounding that which give the broker room to wiggle out of that responsibility. + +If you’re curious (d) is why the shares borrowed is always higher than the short interest.  Shares borrowed = short interest (firm to firm shorting) + internal firm shorting to its own customers where the firm has needed to obtain custody of a share to meet the requirements of (d).  The broker doesn’t buy the stock to meet (d), that would change their position.  They just borrow the stock to meet the custody requirement. + +Like I said the requirements of (d) are surrounded by “unless” clauses.  My favorite is (n) which allows endless time extensions at the discretion of industry self-regulators for things like “the market isn’t liquid enough for us to obtain custody of these shares but we’re doing our very best, pinky promise!” + +So what exactly does this mean? + +This shows how swaps can be used to hide short interest, FTDs, and allow the creation of CFDs in a market where we think we’re being promised real shares.  This is how the massive short position against GME was hidden after the sneeze. + +So what about the rising short interest, borrowed shares, and cost to borrow? + +The most likely reason these metrics are increasing is because one of the retail brokers is closing its swap agreements with a short hedge fund.  Because the broker no longer has a long exposure from the swap, they buy to close their short position against their own clients.  This causes the broker to become net long.  At the same time because the swap is being closed the hedge fund loses its short exposure it was getting from the swap.  In order to maintain its overall short position the hedge fund is selling (short) shares to the broker.  This causes the hedge fund to become net short. + +Because the hedge fund is becoming net short in actual shares, this gets reported as short interest.  Likewise they need to borrow shares for settlement on T+2 resulting in an increase in shares borrowed and cost to borrow.  Depending on the extent of how much of the short position is being moved from shorts hidden by swaps to an exposed short position, this may end up causing an increase in FTDs. + +DRS may also be having an effect here, as every share that gets DRSed is a share that brokers lose the ability to turn into a CFD. + +TL;DR: The increase in short interest, stock borrowing, and cost to borrow is most likely primarily a result of a retail broker closing swap positions with a hedge fund, forcing exposure of a previously hidden short position. +Hey Superstonk, it’s Robbie! + +Got a couple of big announcements that I wanted to share with you all: + +**1. The Superstonk takeover of the ImmutableX subreddit starts today** + +ImmutableX is throwing a week-long takeover party to celebrate the GameStop Marketplace launch and the IMX and Gamestop community coming together! + +We want to see your best content submissions from memes to theories on why IMX will win web3 gaming, theories, art, reactions, and more. At the end of the week, I’ll react to some of the best submissions throughout this event and you might receive a special flair on our subreddit! + +I’ll also be hosting an AMA over there on Sun. 13th of November at 3pm (PDT) to wrap things up. + +https://preview.redd.it/luk4xld67ny91.png?width=1014&format=png&auto=webp&s=1c5ff6177386d6d04716dddcae637098ff57a73f + +For more details on the event, head over to ImmutableX, join our community, and read the pinned post to get started. See you there! + +**2.** **GameStop marketplace launch hit \~$5 million in Total Trade Volume in just a week. We also hit over $1M within 24 hours over the weekend.** + +[**https://twitter.com/Immutable/status/1589711333087662081**](https://twitter.com/Immutable/status/1589711333087662081) + +&#x200B; + +https://preview.redd.it/u0w8x7rc7ny91.png?width=1086&format=png&auto=webp&s=a53eca3f1af2b65a94f6121d0235ac1a44d02feb + +&#x200B; + +https://preview.redd.it/15ugw5le7ny91.png?width=1050&format=png&auto=webp&s=2d10fae1da634f8c366c407aaca33f9154ce625e + +We’re seeing insane stats on the marketplace, and it’s barely been a week. Super bullish signal for web3 gaming as a whole - players are finally ready to discover what digital ownership truly means. + +For now, go and join the party over at the ImmutableX subreddit! + +\- Robbie +A lot of people showed interest. So here's the deal. I'm handicapped and a Dad. So it'll take me some time. + +I don't just want to blurt out recipes without making sure they fit the needs of the community. I think it would be incentive of me to put up a recipe with ingredients that are expensive or just not available to everyone. I will probably retest them once before posting, just to make sure they taste good, and are easy to make. + + If people ask me for a small video, I can manage that. I use tools like a Kitchen Aid and a Instapot sometimes. This isn't to show off, I'm very handicapped. This is to avoid joint pain, and injury, please don't take it personally. + +I just want to share as much information as possible. Already got a good recipe from someone.😁 I know I'll get great ideas from you all so please share. I have gone to recipe books and stuff, but honestly there seems to be a lot of filler recipes in there that aren't realistic. + +I'll share my shopping tips as well. How to get Chicken at .30$/pound or never pay over 1$ for a bread product, even the healthy 12 grain one. + +If I get just 20 upvotes I'll know it's worth doing. +So basically I have around 3500$ to rebalance within my portfolio! + +I've been looking at some ETFs to invest in but I am honestly a bit overwhelmed being new to this whole investing world. + +The way I tried to split my research is as follows: + +1. Large Cap / large cap growth ETFS +2. Mid Cap / Mid cap growth ETFS +3. Small Cap / Small cap growth ETFS +4. Healthcare ETFs +5. Tech ETFs +6. Gaming ETFs + +I don't think I want to split the money over the whole 6 categories! I'm just trying to find the best allocation for my investment. + +I was thinking to focus on large cap / large cap growth (IVW, SCHG), and healthcare.. +And maybe take a bit of risk with Small cap / small cap growth & gaming ETFs (like NERD) + +Would like to hear thoughts from people who are more expert than I am... Or less expert :) thoughts in general tend to help me out! + +Thanks. + +Edit: I did not think I'll get this many replies! Awesome and helpful answers all around! I will put another post by the end of the week with my decision after I do a little bit of research + +Thank you all :) +After a year of following the script and house hacking we are throwing in the towel on house hacking. + +Why? Well. We hate it! + +Coming from a HCOL city it made perfect sense. We used our higher salaries in the HCOL area to save for the downpayment on a duplex in a LCOL area. We found the perfect duplex, and set off in relocating. We slashed our expenses, housing, transportation, everything else that comes with moving to a lower cost area. + +But after a year, we have had it. The lack of boundaries between our private personal lives and business is simply not worth it. We are excited to once again pay a housing payment out of our own pockets. Because you simply cannot put a price on your freedom, time and effort. + +With a househack, arm's length investing is an impossibility. The expectation that you are always on call is difficult to get around when your home is your business. Providing a service to someone in your own home is exhausting and you can never really relax - there is no out of sight out of mind in a house hack. + +I'm excited to have a home again soon. A business is not a home, a home is not a business. + +I feel like so much conventional guidance is pro house hacking to get ahead and all the benefits you reap from it. This house hacking failure's guidance? You cannot put a price tag on living without constraints in your own home. + +Edit: Some lessons learned. This hack didn't go exactly as we had hoped, but maybe instead of chalking it up as a failure, I'm going to reflect on the big things I learned. + +1. I still say you cannot put a price on your freedom, time and effort...which is why we should have hired a PM from the start. A very small price to pay that would have afforded us these things + +2. Not revealing that we are the owners of the property would have 100% been the way to go. If/when we try another hack, going to use these lessons from this flop and incorporate them + +With house hacking, I was always under the impression that you should manage things on your own, but it's really not for everyone (and certainly not for me!). +The greatest part about the journey many of us have been on for the last 2 years is that there are 3 things we know for sure: + +1. Shorts never closed. The staggering short daily volume tells us this and SHF's have been digging a bigger hole for themselves which I highly doubt they can ever escape from. + +2. Retail isn't selling shit. We know the price is wrong and being artificially suppressed. + +3. GameStop has transformed from a debt laden brick and mortar retail store to a bleeding edge tech company. + +Stay Zen my friends, it's always darkest before dawn and just enjoy this tasty ass dip. +Since Thursday, I have seen more inexcusable garbage posted here than ever before: + +-A ‘Retard’ meme with a background pic of someone with developmental disabilities. No. Our use of the word is self deprecating. We make fun of ourselves. + +-Multiple BCG Posts calling out anyone that ever worked there, doxxing and implying threats. + +-Now today a meme with KKK gear in a pic?! Saying don’t fuck with GME? + +Everyone check yourselves. + +Context is important. And so are narratives. + +Edit: We’re all pissed at Wall Street. No excuse to lose decorum. Let’s keep it classy San Diego…and let the narrative be the truth-Wall Street lost this trade fair and square. Keep that perspective before you post anything. + +And if you need to figure out the nuances in any aspect of any of this, we’re here to help. For example, aside from just simple decency, do you think RC wants his brand to be this type of shit? The kind of narratives created above will tank the stock faster than ‘a’ Led Zeppelin went down in flames…and faster than the titanic going down in an iceberg slalom course… +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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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I will soon be moving to London from India, as a new grad, for a job. I will get my relocation bonus and my salary with my first paycheck, after my first month at the job. I don't have enough in my bank account right now to fund my stay in London during the first month. + +I don't know anyone in London, so I will have to get an Airbnb for the first 2 weeks or so until I can find a place to rent (company does not provide initial accomodation). And once I do get a place to rent, I'll have to pay a lumpsum deposit as well as the first month's rent. My paychecks would be more than enough to fund my stay in London after the first month. But how do I fund myself in the first month of stay there? + +I am estimating that I would need around £2500 - £3000 in my first month in London. This is around 3 Lakhs Indian Rupees which is a really big sum of money. I have estimated my expenses to be around £1500 from my second month onwards. + +I can't ask my parents or any relatives for the money, since I don't belong to a family that is well off. Also, all my friends will be on new grad salaries in India, joining their respective jobs near my joining date, so I can't ask any of them for help either. No internship in India, that is willing to hire me, would be paying 3 Lakhs, since most of the Indian internship salaries are really low. I asked the company I will be joining if they could give me the relocation bonus in advance but they said that this is their policy and they are unable to make any exceptions for me. + +So should I get a credit card? Or a loan? If so, how do I go about it? I am not sure if I will be able to get an Indian credit card with such a high transaction limit. My current credit score is 0. Also, I'm against taking a short-term personal loan due to the high interest rates. Also, I don't have any debt right now if that matters at all. So what do I do to survive my first month in London? + +I am aware that I must not be the first person in my position: moving to new city (with a ridiculously high COL) in another country as a new grad. So, how do people who don't come from a rich family fund themselves in a new city initially? + +I would also appreciate any advice regarding budgeting and saving money. I plan on saving around half my salary. + +Edit: The company I will be joining would be sponsoring my visa so this is something that I do not need to worry about at all. +Literally look at any other country’s financial sub and you will see the same people saying house prices are unsustainable and have been bearish for the last two decades as they become more and more prices out of the market. + +I think the fact that this phenomenon occurs in completely different countries/economies just shows the reality- property close to desirable cities will always be valuable. + +House prices aren’t going down anything soon because the same people saying there’s gonna be a crash will be the same people ‘buying the dip’ to prop it right back up again. + +UK: https://www.reddit.com/r/UKPersonalFinance/comments/qgf6vv/trying_to_get_a_family_home_within_the_next_5/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Canda: https://www.reddit.com/r/canada/comments/s3roqj/housing_prices_in_canada_to_keep_rising_through/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +NZ: https://www.reddit.com/r/newzealand/comments/sfr17o/is_anyone_else_feeling_down_like_really_really/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Europe in general: https://www.reddit.com/r/europe/comments/s3plkw/rents_up_by_16_house_prices_by_39_since_2010/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +If you aren't in the market for a house, then your credit score is pretty irrelevant in terms of your overall financial picture. Putting a rotating charge like Netflix on a card is more than enough to get your score up to a level where there isn't a whole lot left to be gained in real terms. That's really all the thought that needs to be put into it. You can spend all year worrying about your credit score and learning all the stupid little games to try and squeeze out a few extra points, but at the end of the day, that's not going to stop you from being poor and living paycheck to paycheck if you aren't building wealth, and it won't allow you to retire a day sooner. Hell, if you aren't focusing on saving money, then you're never going to be able to handle a down payment for a house. In which case, your credit score will never really be useful to you, and all that research and work will have been for practically nothing. + +Worry about your net worth first. Your savings rate is infinitely more important than your credit score when it comes to this. If you take care of your net worth, then there will come a day when your credit score could be 0 for all you care (assuming you aren't interested in real estate investing), because you'll be able to afford to buy things instead of being forced to finance them. + +We live in a consumerist culture, and the truth is that a lot of the reason we put so much emphasis on credit scores as a society is because of advertising and really dumb conventional wisdom that encourages people to continually be financing things they can't afford, and it's promoted primarily by lenders trying to get rich off your paycheck. Most peoples focus is always on just balancing their monthly budget, but that's unsustainable, because you can't work forever. For all you know, these are the highest earning years of your life, and if all you worry about is your credit and keeping up with payments, you're squandering it. If you want to get ahead, you have to break away from that mentality and be different. +Since the NSCC-2021-002 rule became effective (montly to daily or anytime check account + 1 hour margin call), they can't allow the price to rise to XXX (can be 250, can be 350, no one knows). The day they're buying is everyday trying not to let the price rise to margin call territory. Before, as they only had a monthly account check, they could let the price reach the 300's for a few days, but not anymore. + +They are using everything they have left to avoid the price rising. We're in the endgame (again), they can't keep the price below 200 forever. Hodl, that's all. + +&#x200B; + +Edit: typos. +With almost every service turning nowadays into a subscription model, I was curious to know how many subscriptions the people of this subreddit have. It could be for anything: streaming services (music, movies, TV shows, etc.), productivity tools, recipe websites, weather apps… + +I’ll start with mine (prices are per month even if the payment is made annually): + +* Spotify (9.99€/month) +* Amazon Prime (3€/month) +* Netflix (7.99€/month) +* Google One - 200 GB (2.5€/month) +I am not a financial advisor. I am merely a stats loving engineer that is probably on the autistic level of number crunching and pattern recognition. There are my thoughts. + +# History Repeating Itself + +Back in the first week of July, I posted this [data analysis](https://www.reddit.com/r/Superstonk/comments/of6vdw/data_analysis_comparing_march_and_junes_data_to/) comparing the candlestick measurements directly against each other a one to one day setting. the primary image from that post was this: + +[March \/ April versus June \/ July](https://preview.redd.it/snhqrs23hfg71.png?width=1263&format=png&auto=webp&s=eea73a645b8c9a5cee465afecf2d2f85c2a6b015) + +[March \/ April versus June \/ July Close Up Overlay 1](https://preview.redd.it/xgrvzg65hfg71.png?width=817&format=png&auto=webp&s=a00f4835c38933b1c12b18ecafc13b746eee5413) + +[March \/ April versus June \/ July Close Up Overlay 2](https://preview.redd.it/web3nh06hfg71.png?width=786&format=png&auto=webp&s=88cc955c99a52f8e7cb33fddec607cdda18498d0) + +With the overlay theory we now come to this image: + +[Current 1:1 Ratio](https://preview.redd.it/upbhf1kngfg71.png?width=869&format=png&auto=webp&s=44ec22cb61469a9f762a1523bbb30be7cc711740) + +[Current Close Up 1:1 Ratio with Top of Candlestick Matching](https://preview.redd.it/p1kx8o4chfg71.png?width=810&format=png&auto=webp&s=bcfa6243485c1783c2121cf3b4ae38b86683d978) + +# A more sophisticated look + +With this initial findings, I eventually wrote up this [DD](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/?utm_source=share&utm_medium=web2x&context=3) detailing the repetition of the shorting algorithm behaviors. + +[90 Day Climb](https://preview.redd.it/zoejjgslhfg71.png?width=1266&format=png&auto=webp&s=a8700274d9bd47923d9153bbe6b50b93e964ad82) + +# Necessary definition of shit + +When I use the term algorithm, I mean this: Imagine a black box. Within that black box is a bunch of calculations that is going on. A fuck ton of shit is happening, however, that shit box contents do not matter because it only spits out a single answer. This single answer is the only behavior that matters. This is similar to like a bunch of kids in a giant fucking coat. It doesn't matter how many of those little fuckers are in that coat because to the cartoon adult, it only looks like 1 person. + +# Back to the crystal ball + +With this 90 day pattern in mind, many people were doubtful due to how only a few cycles were shown. Thus, to prove the extent of tomfuckery that was occurring, I went ahead and wrote this [DD](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/?utm_source=share&utm_medium=web2x&context=3) to show how this behavior has been going on since at least 2012. This has been so ridiculously overpowering that even the days where the most volume and volatility occurred were even repeating. Those dates are as shown: + +&#x200B; + +[Dates of Most Change in Overnight Behavior and Volume](https://preview.redd.it/0rzc23qkifg71.png?width=359&format=png&auto=webp&s=6033499fde04c1c13111d09f5277656ff206f7e4) + +[Net Days Between the Most Change in Overnight Behavior and Volume](https://preview.redd.it/oclfrznmifg71.png?width=363&format=png&auto=webp&s=de0779e81c654c101897f741809e84a4d64746f3) + +Here is what those days look like with their associated share price and volume. The red dots present those dates. The closing share price is on the top while the volume of those days are on the bottom + +[GME Share Price and Volume](https://preview.redd.it/kf3nr9nuifg71.png?width=624&format=png&auto=webp&s=7c4de594009b01bd2b51289c13aa7c59414f3ff4) + +&#x200B; + +[With different Color Palette 1](https://preview.redd.it/lgfcqpqf8jg71.png?width=1344&format=png&auto=webp&s=4729494b235691368d77940164d6e3b129a77493) + +&#x200B; + +[With different Color Palette 2](https://preview.redd.it/ejpa399i8jg71.png?width=1347&format=png&auto=webp&s=20834be167845b53044756d48d0bbd0952998767) + +&#x200B; + +[With different Color Palette 3](https://preview.redd.it/4zphvmhp8jg71.png?width=1357&format=png&auto=webp&s=021ced1a2677aa1e95c3908fb87e556da92a9e41) + +# Let's Combine These Fuckers! + +If we continue to use the greatest overnight as our origin date, we come to the following associated date for 2021: + +[Inclusion of 2021 Greatest Overnight Change](https://preview.redd.it/7uepn946kfg71.png?width=370&format=png&auto=webp&s=cdcda7a05d6068cca946ae80121fd31306d0bc2e) + +&#x200B; + +[Net Days Between Dates with Greatest Overnight Change](https://preview.redd.it/k6w71riakfg71.png?width=362&format=png&auto=webp&s=a862639f4ad2a27103f4a0da85d79453746520ec) + +# Because Everyone Loves Dates + +If this sequence is 1:1, the next greatest overnight change will occur on August 19 / 20. From the cyclical dates using previous history, the current dats seem to resemble those from 2019. Thus, it would appear as if the greatest overnight change will occur on August 23 since the August 22 is over the weekend. + +# In Conclusion + +Both the 90 days cycle theory and the repeating cycle theory support how the greatest run up will occur around the same time frame of 3rd to 4th week of August. + +# Thoughts + +MOASS has the potential to occur a few days after these dates with the greatest amount of volatility. There is no certainty this will occur since no one can see into the future. Personally, I think some shit is going to go down because the overall daily range of high / low and open / close keeps on getting smaller. We currently are definitely in the initial run ups as we have seen over and over again for almost a decade if not longer. Hold onto you tendies. Keep your hands diamond, your balls titanium, and your buttholes clenched for the next few weeks. I'll see you on the moon, apestronauts. + +Edit 1: + +[GME Price History](https://finance.yahoo.com/quote/GME/history?period1=1013558400&period2=1627603200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true) + +[tweet](https://twitter.com/pwnwtfbbq/status/1424903387762495495?s=20) + +Edit 2: + +Added GME share price graphs and volume with different color pallets +There's one thing I've noticed about this bear market is that all this "Eth killer" speak has been hushed to mere whispers. The biggest Cardano and Solana fanboys have been faced with the bitter truth. Their asset is incredibly over-valued. Their networks bring nothing but centralization and empty promises. Solana a "decentralized platform" had 30,101 against taking control of one person's $170m SOL and 1,155,431 in favor of this. one individual person had 1 million votes. Safe to say I wouldn't be touching Solana with a 10 foot poll. People are beginning to realize this. + +Cardano promised thousands of dApps. Why are there only 579? Where are all the promises? Don't get me wrong I feel incredibly bad for people who are down during this bear market but it is necessary. When the tide is low what is beneath the surface comes to light. over-valued assets will be cut down and rock solid fundamentals will remain. Despite the market conditions, The sentiment towards Ethereum is more bullish than ever, when the index is at massive amounts of fear. Belief towards Ethereum remains rock solid, why do you think that is? + +I'll tell you why, Ethereum's fundamentals are rock solid and will remain rock solid despite market conditions. The merge is around the corner and sharding is coming. This will make Ethereum and scaling solutions like Polygon as well as their ecosystems even better. Ethereum is building towards dealing with technical limitations and will remain the bedrock of web3. Not only does it have it's own ecosystem but is the foundation to many other L2 ecosystems. Polygon has put 1B$ towards ZK research, Loopring, ALGO, Optimism and every other L2 or scaling solution is putting in work. + +I've always liked Ethereum but now I love it. This is what is going to be making it throughout all this. We keep improving, we keep building and we remain fundamentally rock solid with all the utility a man can ask for from his blockchain. +So, in short about me, Im in my mid 20s, and have been trading for about 5 years. The first 2 I did not take seriously at all, I was in college, working a lot and had a lot happening, long story short, I have given it my all the past 3 years and have done really well to the point Im starting to have close friends/family ask me to teach them or how to get started. Im not here to teach anyone or promote anything so please do not PM me asking for my strategy or for help on any of the things I mention. My only reply would be to use your friends google and youtube to do your own research into each checklist item, if I even responded at all. + +Anyways, today id like to just try to give back to this sub a little bit. I see a good bit of negativity on here and have even found myself bickering with users on here which has led me to pay a lot less attention to this sub altogether. One thing I recently noticed is that we are at 80k members in here! I think I subscribed just 2-3 or so years ago and it was around 15k. So that tells me that up to \~80% of this sub probably has less than 3 years experience. So obviously a ton of people are all here debating/arguing/attacking/trolling ideas/topics or users that are likely still in the learning phase so this sub I feel like can often discourage or delay a new persons chances of success because everything about forex is subjective, Technicals, Fundamentals, RM/Psychology, all of it is subjective and when users clash it often ends up toxic and someone that is new may completely give up just because they ran into some asshole on here. I believe what I share could benefit this community and if it happens to do so I may post more breadowns on different topics. + +For me personally, I enjoy daytrading. I've tried all types and find daytrading to be the best fit for me. I trade the London/NY crossover, for me that is 5-9:30am central time. Occasionally ill come in an hour early or stay an hour late. I trade 18 pairs, majors, crosses and gold, occasionally silver. No CHF and only few NZD. I know countless people who do just fine with CHF and NZD but from my results over time I do the least well with those. The RSI is mainly the only indicator I use, occasionally an EMA or Bollinger band. Also I have a sessions indicator I sometimes use that I had a friend make for me that outlines a box around my 5-9:30 time and range. + +My list of factors in being a successful trader, in order are + +1. Consistently +2. Psychology +3. Risk Management +4. Strategy + +\*Ill go ahead and state, directed to newbies, that strategy is important but is one of the lesser important factors in the sense of thinking long term, most new traders are out strictly searching for the golden strategy, which doesn't exist or it would be well known, even my best strategy is around 80% which I believe is awesome but without having 1-3 covered, any strategy is useless. + +This is my checklist, in order, although some are kind of closely related. I could go on and on about every point but ill try to keep it short and let you use your friends google and youtube to go further into any point you are more interested in understanding better. + +Before the trade/before I start trading this takes around 15 minutes for me to have all these in check, so I arrive at my desk around 4:30-4:45am to get all these in check + +1. Psychology- your mental state is the most important factor. You need to be in a clear state of mind and not have anything heavy weighing on you. +2. News- Go ahead and be aware of upcoming news events, I use [forexfactory.com](https://forexfactory.com) and only takes me a minute or 2 to review the news and get a bias on what might happen or if any currency should be avoided due to high impact news. +3. Risk Management- Never take a trade risking over 1-2% of your account is kind of known standard for decent risk management. I would mostly agree but I'm personally super conservative and trade 0.25-1% per trade. Also I aim for trades with at least a 1:2 Risk:Reward, never ever less than a 1:1. When trading most days, I already kinda have the pip value and expected risk lot size in my head before im even at my desk, just because its fresh on my mind. I use [https://www.myfxbook.com/forex-calculators/position-size](https://www.myfxbook.com/forex-calculators/position-size) to calculate my risks if i'm unsure. + +\*The more data you can gather about the pairs you trade the more you can use RM to your advantage, For instance, I backtest ALL THE TIME, constantly trying to learn as much as I can about my pairs such as: How many trade setups did each pair produce each week, month year? What pair produced the most setups? What pairs provided the most wins, losses or breakevens? What time during my session did the trade setup form? How many trades went for 20 pips, 40 pips or 100 pips? (for swing traders or scalpers you may want to adjust these numbers) Did news affect my trades? What happened in the Asian session? Early London session? + +Knowing this information allows me to organize my attention to the more profitable pairs for my strategy. I'm almost certain very very few people may have the same exact strategy I use but just as a tid bit out of my 18 the best ones for me in 2019, not necessarily in order, were GOLD, GBP/AUD, GBP/CAD, GBP/USD, GBP/JPY, EUR/AUD, EUR/CAD. These 7 have been my favorites and most reliable, so I will do 0.75-1% risk for these. Next preferred, in no particular order, are EUR/GBP, CAD/JPY, AUD/JPY, AUD/CAD, EUR/NZD, GBP/NZD, GOLD/EURO. For these 7 I use a 0.25-0.75% risk. The last 4 are EUR/USD, USD/JPY, USD/CAD, EUR/JPY, which I use a 0.25% on typically. This doesn't mean the pairs suck or anything, again this was based off my strategy, could be completely different for you but I hope you can see how this improves your odds vs just slapping a 2% trade across all pairs. If you do some research you'll find my best ones were also some of the most volatile and had higher ADRs. + +4. Trend. Since I daytrade I don't pay as much attention to H4, D1, W1, M1 although I do establish a bias for these timeframes, and I typically don't check these everyday honestly, because Ill already know in my head where these are. So I check H1, M30, M15 for my daily bias, Trying to establish a good trendline on the H1, preferably a nice channel. + +5. What did Asian/Early London sessions do? My trades typically form better/more often/more reliable when the Asian session is mostly flat or around a 20-50 pip range, more or less depending on the pair and ADR. + +So these are before, this section is about being aware of news and establishing bias'. Also note other than news, your bias' may or may not be correct, this is simply just getting an idea before we jump into our/your session. It takes me a short while and it worth doing, especially the psychology part, I probably spend half of the time just on number 1, not to watch some motivation video or get super pumped but more so just getting relaxed, putting worries aside if there are any, getting rid of distractions, maybe some light/short meditation. 4:30-5am is definitely a quiet time so its relatively easy to do. I might have a cup of coffee but no more than 1-2 to not get jitters or too much hype in me. + +During my session/preparing for a trade. I wont go in to my specific strategy but I believe the checklist can work with many strategies. + +1. Wait for overbought/oversold on RSI, over 75 or below 25. I don't trade in the middle of the range, simple rule we all know buy low, sell high. I set an alert for when the RSI hits either 75 or 25 so I can start to pay attention to it. I simply wait for an RSI alert then bring that pair to my attention. THIS DOES NOT MEAN ENTER AS SOON AS RSI IS TOUCHED, It just tells me I may potentially have a setup form on that pair soon. The alert allows me to trade 18 pairs relatively easily because there's no way I could sit there and constantly be flipping through charts for hour on end. I have been (what I feel like is) more aggressive in the recent years trading this many pairs. I have a reliable strategy that I could easily cut the the latter 4-11 pairs I mentioned out and just get paid off my best 7 which I probably will in the future as i've gotten more involved in other businesses and opportunities. For now and recently it hurts worse than a loss to know there was a clean trade setup that I missed just because I didn't have it up on MT4. A loss I can study and identify why I was wrong or what went wrong, a missed clean pattern just sucks lol +2. Pattern/Setup. There's a ton of candlestick/pattern formations that happen and people learn an example here where a user posts a lot of charts and examples of all kids of patterns. [https://bitcointalk.org/index.php?topic=4846473.0](https://bitcointalk.org/index.php?topic=4846473.0) So again for new traders, This can be incredibly overwhelming to attempt to learn everything and every pattern. I trade 4 patterns total, 2 when buying , 2 when selling. My advice is find a pattern or 2 and stick to them for a decent amount of time before switching or trying others, I know plenty of traders that stick to 2 patterns, 1 buy, 1 sell and are set. I've studied many but have found my favorite 4. You have to pick a pattern and pay attention to it over time gathering all the info you can to understand if that pattern works well. Every single pattern you can find online has happened on every single pair before, often times over and over and over. Find a pattern/setup, study how much it moves, if news affects the pair, how many times that patterns forms, how it acts around trendlines, etc. +3. Once I have identified a clean setup I begin to think risk/reward, SL/TP, entries/exits, having clear risk and targets in mind instead of jumping in and hoping it goes well. I pay attention to recent levels, Support/Resistances, Trendline touches and news to get an idea to where to place my SL/TP. I wouldn't recommend just using a flat amount for an example such as a 40 pip SL and a 80 pip TP across all pairs. A value of a pip changes across different pairs (An entire topic that should be learned but the calculator from myfxbook I stated takes care of the pip value for you. +4. I check other pairs that have the same currencies involved from the pair I received an alert on to see if there are similar setups forming on those. Currencies have positive and negative correlations, meaning some pairs move together and some pairs move opposite. For instance typically EUR/USD and GBP/USD move in the same direction and EUR/USD and USD/CHF typically move in opposite directions. This is largely due to economic factors. Here's a link that gives a little more insight but this one doesn't list all of the correlations out there. [https://www.markettraders.com/blog/understanding-currency-pairs-correlation/](https://www.markettraders.com/blog/understanding-currency-pairs-correlation/). So if I see or get alerted for a potential setup on EUR/USD I can check GBP/USD to see if there is a setup there too. +5. Enter after patten had been confirmed and is clean. + +So these 5 are leading up to entering the market. Based on my backtesting, I typically get around 3-4 setups per day. Sometimes theres none, sometimes theres 10. I never ever force a trade on a slow day, I know that my pattern will happen eventually so I never take a setup I think is iffy or that im forcing. Also that is another reason I keep my risk low incase there are days where 10 trades happen that all look good. + +So for my session I place my trades around 5-9:30am central time and I usually close them by noon cst when NY session has ended and prices start to go flat. Occasionally I might hold for a day or 2 if I took a good trade in line with the trend and other factors. So after the trades are placed I have just one thing left + +1. Psychology- I said this was the most important, it comes full circle for me and many other. Trading my session and my strategy means my trades could be open for 5 minutes or up to 7 hours. A good trader needs to be able to handle his emotions and trust the process. This means trusting in your setup and let it run while also knowing when to get out in case it show signs of going against you. A traders real job is to manage risk, not to make big trades or a ton of trades. The more selective you are after you've learned a pattern and having everything else in line, the better. There are 5 outcomes of every trade Big win, small win, breakeven, small loss, big loss. To become a successful trader you just need to eliminate the big losses. For me I look at a small win and a small loss basically as breakeven trades. This helps with my psychology because to me it all ends up evening out, just the cost of business. If you take a small loss or small win and let that affect your psychology going to the next trade youre hurting yourself. Sometimes I take a 5-10 pip profit instead of holding and then it going against me for a loss and sometimes I take a 5-10 pip profit and it could've been 100 pips in my favor. Oh well, I protected my account and I know more setups will come tomorrow or later this week. + +That is my complete checklist for entering the market. 11 bullets to cover, 5 before you start your session, 5 leading up to entering and 1 during/closing the trade. I hope this will be beneficial to some and may try to post a little more if I see it is helpful. Thank you for still reading this far! Best wishes in your trading endeavors and 2020! + +Edit: I forgot to mention for a beginner or any skill level I highly highly recommend getting a simulator. There’s several out there, I don’t want to break any rules by naming which one I use, but they basically all work the same, all close to $100 which if you understand the power of backtesting you realize how necessary it is to have and that cost is nothing. A simulator allows you to download the candlestick tick data for any pair, for as far back as the pair’s chart goes. So then you can pick a day in the past, any day, pick your timeframe, and press play and the chart will start playing out like it actually did on the day it happened. So you see every little tick up and down. You can control the speed and speed it up fast so you can cover a years worth of trading of a currency in just a few hours. This makes it really easy to get a ton of accurate data in a short time. Demo trading is cool but fully controlled simulated trading kicks ass. I can’t recommend it enough. + +Edit 2: my apologies for showing my ass in the comments right after I spoke about the negativity in here. I posted this at local time 4 am right after I stayed up finishing my 2019 backtest results and then I noticed the 80k members and felt an inspiration to post something what I thought could be helpful. I spent over an hour on this post and the lack of sleep and 2 straight all-nighters allowed me to allow others to get under my skin after they come at me with some dumb shit. If you see a post from me just know I’ve put some thought into it and am attempting to bring value. Haters gone hate. If I see some are receiving value I’ll keep it up as long as I know it’s something valuable. Again I have nothing to sell or promote even though others assume I do just for posting this. I specifically said stay out of my inbox. Whatever I decide to teach it will be fo free. Thanks again for your time. +Hey everyone, I just wanted to share some math with you guys and especially with newbies who come into the world of trading expecting to become millionaires over night and buying a Lamborghini in a month. I just want to share these two main points: +1. You don’t need to double your account with every trade. Forex trading is exponential. If you look to target a +1% profit with every trade, and master consistency that will be more than any savings account in the bank can give you back. + +2. You don’t need to win EVERY SINGLE trade. That’s right, you don’t need a. 100% accuracy rate, you don’t need a 90% win rate. With proper risk management, you can even afford to loose 4 out of every 10 trades you take. + +Let’s do the math! + +1. Say you open a small account of $200USD. +2. There are 253 trading day’s in the year (NY Market) +3. If you were to have a 100% win rate with a +1% target (meaning you don’t loose any trades) after one year of trading you would have taken those $200USD and turned them into $2,479.34USD. + +https://preview.redd.it/kt14vs974dn51.png?width=1160&format=png&auto=webp&s=b59027a85a0e063a63a5d9db62bc98df8822c422 + +**4.** But let’s be more realistic. No matter how perfect your strategy is, markets are markets and there will be down days. So say that out of those 253 trading days in the year, you win only 70% of your trades. That’s 177.1 profitable days at +1% profit. + +https://preview.redd.it/ia31boke4dn51.png?width=1482&format=png&auto=webp&s=c0e92202163c550c5ec50c76d2d445d21f7157e8 + +https://preview.redd.it/9rka1tke4dn51.png?width=1160&format=png&auto=webp&s=483c74a19db5d108986d29407854f8c82a462121 + +**5.** After one year of trading, with a 70% win rate, +1% profit target, you would have taken those $200USD and turned them into $1,152.36USD. + +So if you’re new, take it slow. You wont be a millionaire in 6 months, and you wont buy your Lambo with. your first three trades. Remember, ***slow and steady wins the race.*** +[https://www.cnbc.com/2018/10/02/pepsico-will-look-at-cannabis-industry-critically-says-cfo-hugh-johnston.html](https://www.cnbc.com/2018/10/02/pepsico-will-look-at-cannabis-industry-critically-says-cfo-hugh-johnston.html) +It's pretty fucking plain and simple. If he did, the truth would be out. Hella FOMO would follow just like what happened in January. Hedgies are fuked, just like they have always been since the beginning of this saga. Especially with DRS. This is the equivalent to slapping a game genie on a GME game cartridge. Think about it. +End of Transmission. +Energy companies are earning huge profits as far as I have understood, due to the high prices. But as far as I have understood, those prices are not due to higher costs but simply to some suppliers (Russian) exiting the European market. Why isn't there a race toward lower prices as energy companies compete to win over customers? Is it the case that they just do not have much more gas/oil than they are selling? +With a whopping 230% national debt, Japan is still doing alright not great but not as terrible as the debt percentage would imply, they don't even recognize it as an immediate threat. +My question is why is that? +The most common endorsement of taxing unrealized gains I’ve seen is that real estate is taxed as an asset who’s value has been assessed, so doing the same with stocks has some precedent. + +My question would be if all assets were the only things taxed, and with overall tax revenue was equal, what would be the impact on the economy? + +I would guess that people would be less likely to hoard assets purely to push off a tax bill, and there would be more buying and selling in the market. +My employer issued me a company card, however when it came time to pay the balance they informed me that I need to link the card to my personal bank account. + +This seems highly unusual, can anyone confirm? +To begin, I'm in Wales. + +My mother opened an account for me when I was born and put any birthday money and some of her own money in throughout my life. I have also sent her money to transfer into that account since I started working. + +However, despite now being over 18 years old for many years, it still claims to be a child savings account. This account currently holds a good amount of money, over £20,000. The interest rate is higher than anything I'd get with a new account right now (about 0.6%). + +I have a few concerns. Firstly, the interest rate is likely higher because it's a child savings account. Secondly, regarding how I would ever move or use these funds should I need to. Finally, whether there would be anything I'd need to pay back or if there would be a hefty tax should I want to take money out. + +The bank this account is with has never contacted us in anyway regarding this account. The account itself has existed for well over 18 years so I don't really see how they could have accidentally forgotten to change it to a regular savings account. + +Are there any potential legal issues that may arise from this in future should I want to move or take out any of the money? + +Thank you in advance! +The guys who set out to catalog the various cognitive biases used themselves as the essential data points. They believed that as long as they weren’t insane then the way they saw and reacted to the world should be similar to the way everybody else did too because we all share the same evolutionary hardware. + +So when I think about my own journey since January, when I think about the rage that all the corruption and manipulation by the shfs has engendered in me, when I think about the due diligence showing GME to be a tech turnaround play for the ages, I can confidently assume that all the other apes out there have reacted similarly to those stimuli. + +It’s not just about everybody writing that they’ve been buying more shares the whole time. That’s one data point to take into consideration. But just as important for me is that I know I’ve been buying a ton more the whole time and I know through cognitive psychology that everybody else is enraged by what’s happened like I am and excited about the turnaround like I am, and thus I can confidently infer that those stimuli have caused the same behavior in them as it has in me, to compulsively buy shares of GME without ever selling a single share. +[US Central Bank is going to raise interest rates later March.](https://www.msn.com/en-us/money/markets/powell-says-rates-are-headed-higher-even-as-ukraine-poses-uncertainty/ar-AAUvThI?ocid=msedgdhp&pc=U531) + +Feds will move toward a “predictable” shrinking of its big bond holdings after raising rates, a move that will take additional steam out of the economy, and that it will discuss those plans at its meeting ending March 16 without finalizing them. According to Jerome Powell. "...." +According to [this](https://tradingeconomics.com/japan/inflation-cpi), Japan’s CPI rose 1.2% YOY. + +JPY has lost about 20% value against USD during the same time frame. How is their inflation so low while the United States sees an over 8% YOY CPI change? +With a hell of a lot of free time pending, I am looking to improve myself as an Economics undergrad. + +I am thinking of potentially learning some coding/programming? + +Would this be the best options? If so, which language would be best suited towards a career in Econ/Finance/Business? + +&#x200B; + +TIA. +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! + +Storytime. I think I can almost be considered an OG by now. Recently, I've started to observe my emotions more seriously during the market moves and I've had valuable insights while doing so: *what I am feeling right now is probably very close to what many other investors are feeling*. This is great to know. It helps me to estimate how the market might react in real time. + +I've joined this sub in 2013 and my first buy was in Dec 2013 during an *epic* leg up. Bitcoin crashed upwards like I've never seen again. Incredibly, though, I almost timed the top perfectly and bought in right before it crashed down again, ultimately moving from around 1k to 350 or so. Imagine my feelies. I was naive and very new. But the reason I've joined was a bit different than the reasons moon bois are joining today. Back then, Bitcoin was pure magic. And it was subversive. It was a big F U you to the banks. That was the selling argument. And it was always clear to me since then that Bitcoin is either going to 0 or to infinity. I still believe that today. + +After my first buy, I was in the red immediately. Double digit percent loss. But my conviction was strong. I've spent the next months reading and understanding BTC. I've practiced with lots of different wallets, I've sent transactions around (they were still free back then, yes, 0 transaction fees) and generally got comfortable with using it. I noticed that, yes, this technology is insane, and yes, I can send anything to anyone, it takes a couple minutes, and yes, it's almost free, and yes, nobody can do anything about it. + +Remember, I was a complete noob who was down 25%, 50%, 65% his investment. But I'm not an idiot. I know it will go to infinity and the chance of it going to zero is so low that I've decided to keep buying like a retard. I've started putting almost all the money I've got into it (I was a very poor student back in the days, don't get too excited). I figured "the lower my buy-in price is, the earlier I will be in the green". Long story short, I've been red for almost two f*cking years. Can you imagine being red for two years and still keep buying? One part of me was extremely scared ("I am YOLOing all of my money into this thing that might just fail") and extremely bullish at the same time ("this shit will go to infinity but it might take a couple decades"). + +Then 2017 came and we've experienced a wild increase of the price to 20k. Even my family got involved at some point because they've seen my huge gains and got FOMO. My mother turned her 5k into an equivalent of 50k. They started to interfere with my plan and give me (well meant) suggestions on when I should sell. Of course they didn't get it, they are too old to imagine a cyber future where this stash of satoshis will be the ultimate commodity. There was insane FUD around, including the biggest FUD I've ever seen, which was the block size wars (look them up if you don't remember it). Then the crash of 2018 came and everything evaporated. + +However, from this bull run onwards, I've never been in a loss ever again. The price never went lower than my average buy-in but that actually made my feelies even harder to manage. Now my thoughts weren't "Oh no, you could end up with a loss" but "OH NO YOU MIGHT END UP BEING TOO STUPID TO TAKE A PROFIT" which was way more frightening and ego-crushing. Although I had hands made of diamonds, I've had several moments in the year-long crash that followed where I almost sold. We saw 20k, 10k, even 6k, and I still believe that the fact that I use a hardware wallet (and not keep my sats on an exchange) is what ultimately saved me from making one of the biggest mistakes of my life, which would've been selling my stash at 6k. + +Fast forward 2020. How things can change. The covid crash to 3500 was completely different. I've seen the price drop in real time which triggered the most bullish sentiment in me that I've ever experienced. Without a doubt of seeing this as an incredible opportunity to buy, I threw a bunch of money in and converted it to BTC. I knew that BTC was on a fire sale! And then we've seen the beautiful (but this time not so mind-bending) bull run of 2020. + +Now, BTC is not only about cypher punks anymore. The game is world domination. I started to understand the waaaaaay bigger implications that this will bring to the world. Money is broken. The world is broken. Our governments are going nuts. Our politicians are noobs. And society is full of fear. I wonder if there is an asset that is invincible and that spreads freedom tech by infiltrating the hearts of people by promising them huge gains... Mhhhh! + +And now we're here. I look around this sub and all I see is myself. Many new people in this sub, many people afraid of losing their hard-earned money. I completely get it. It's how I felt. It is a lot harder to stomach if you haven't put in the time to learn about the tech. But that's why we're in this sub, to support each other. And I'm not saying that to sound corny, I'm saying that because I've experienced it 100% myself. Without this sub, I wouldn't have been able to recharge my batteries, rethink my strategy, reaffirm my conviction, and observe the development of bitcoin in real time. I wouldn't have seen masses of people giving emotional support to each other, because at the end of the day, this is what controls these price movements. Emotions. + +So, if you feel afraid right now. If you feel like you've made a huge mistake, if you feel like this could've been a bad decision, then good, this is what a huge part of the market is thinking right now. Observe your feelings, judge them with distance, extrapolate them to the masses of people also looking at exactly the same chart as you do. And start using that information *for you*. Fear is a part of the equation and the reason I've written up this long-ass post is so you can appreciate this without having to go through hell first, like I did. What you are feeling right now is almost "priced in". Money can be made when there is blood on the streets. + +That's my advice. Do not buy the next best shitcoin. Nothing is even close to becoming a "replacement" for BTC. Ask yourself why you like Bitcoin, learn as much as you possibly can (I highly recommend listening to the hundreds of hours of articles in the Bitcoin Audible Podcast) and keep stacking if you know why you're doing it. That's it, I'm out! Peace! + +TL;DR: Breath in, breath out, and HODL! + +Edit: Wow this one blew up. Thanks for all the kind words, I'm happy that I could help at least some of you. If you're interested in learning more on the macro view of Bitcoin (which is the rabbit hole that I've been falling into the last couple months), check out 📖 [this reading list](https://cryptpad.fr/pad/#/2/pad/view/DHVg4zdDwR57lXWFTPbnD1Gs+d-4GYrKj+uICJZu9pM/embed/) that I've compiled with a bunch of great articles. + +Edit 2: To all the FUD accounts that suddenly started swarming in: I know you, I can see you, and we all noticed that you move in groups. This one is for you:🖕 +I could really use Reddit's advice this morning... + +I started a new job at the beginning of September. I was brought on at a base salary of $70K - with promises of commissions. They estimated my annual compensation to be about $105K but said that it had the potential to go up to around $130K. + +At the beginning of November, a man in a similar (but more senior) role turned in his notice. He's a director level, while I'm at a manager level. I was congratulated by my boss for this unexpected promotion and assured that this was a very good move for me and that I'd be making "a lot more money". He even referred to it as life changing. I asked if my job title would be changing and he said no. + +It took him a few weeks to put my comp plan together. Yesterday, he called me in and gave me rave reviews of my performance so far (to be fair, I've mostly been in training) and highlighted some goals for 2020. And then he discussed my exciting new comp plan... + +He's cutting my base salary to $60K (which is supposedly what the director's base salary was). And estimating my total compensation to be $104K. + +He acted absolutely flabbergasted that I wasn't excited about it. I told him it was less than he had estimated my previous role - and he said that he had re-ran the math and I would have never gotten close to that in commissions, he had originally run the math based on outdated data. He said that these commissions are basically guaranteed, as in this role, I'll be getting commission based on overall company performance rather than on just my own work. + +I asked him for a night to think about it - and he told me yes, but that it wouldn't change anything. And if I wasn't happy with that, that we could shake hands and go our separate ways. + +I don't know what to do. Does anyone have any suggestions? I can't afford to be jobless, but man - this feels like a bait and switch. + +UPDATE: +I took the director out for drinks. Oh boy. Apparently he's leaving because they cut his commission by 70% - and told him his new annual compensation estimate was exactly what they've told me mine would be. Yikes. I truly appreciate all of the advice and help! It's encouraging when others validate what you're feeling & fearing. + +UPDATE 2: +Just thought I'd give an update, albeit a lousy one. + +I met with my boss - and we had a long conversation. He kept talking in circles, ultimately echoing what he had said the day prior. I asked him if he would split the difference with me since the commission was 'basically guaranteed' (base $85K, cut my commission in half). He said absolutely not. I told him the only way I'd be comfortable with this is if he gave me the title. He said no. Finally, we agreed that I'd stay and take the position - and we'd have a formal meeting in 6 months to re-visit my pay. Again, all I had heard about my performance was that it was exemplary. Absolutely no complaints. + +Friday afternoon, he put a '90 Day Evaluation' on my calendar for late this afternoon. + +&#x200B; + +And today, he fired me. + +&#x200B; + +He said that I just wasn't the right fit and that he'd talked to others in the company 'and that it was unanimous that I didn't belong there. I told him that I was surprised, as I'd had such rave reviews last week. I asked if there were specific examples where I 'wasn't the right fit' so that I could improve professionally. He said, " Yes, but I don't like to do that on the day of. It's too emotional. I'd be happy to have lunch or coffee in a few weeks and go through it all, then." + +&#x200B; + +So, yeah. That's the terrible conclusion on that story. I don't think I'll even be able to qualify for unemployment since I was fired. And my first mortgage payment is due next week. + +&#x200B; + +Thanks for all your help. +**First Things First, What Is A Synthetic Covered Call?** + +For those of you who don't know what a synthetic covered call is I will briefly explain using SPY as an example. + +To execute a synthetic covered call (SCC) you buy a long-dated option, it works best with leaps in my experience, and sell an option with less DTE for a premium. If the stock price goes above your short call then you cover your position with your long call. If not you rinse and repeat. However, it is generally not profitable to let your short call expire in the money because the LEAP will have cost way more than the premium and differences between strikes. So we buy back the short call before it is in the money. Now you might think that since you had to buy back the short call for a loss that you lost money on this trade, but actually you'd be wrong. The spy LEAP we are long should have gained more value than the short call because they have almost no theta decay. So if the price of the stock moves up we remain profitable as long as we don't let our short call expire in the money. But let's think about what would have happened if the stock moved down? Well in that case the call we sold expires worthless and we get to keep the premium. Then the next week we can sell calls against our LEAP again. However, if there is a downward movement in the stock price than our LEAP is going to lose value as well. This is why you should only perform this strategy on a stock you are long term bullish on. (pretty much the same criteria that apply to searching for stocks to wheel applies here.) Much like in the wheel, our covered calls constantly reduce our price basis + +Let's walk through an example on SPY. Spy is currently 309.10 The SPY January 2021 309 call is 20.99. The .30 delta strike for this Friday is 1.48. This means we can long the LEAP and short the 315 strikes for a net debit of 19.51. The best-case scenario for us would be for SPY to end the week at 314. If this happens we will get to keep the 1.48 premium we received and our LEAP will be worth approximately 23.73$ leaving us with a net profit of 1.48 + 2.74 = 4.22. Leaving us with a 21.6% return on our risk. (Our risk is 20.99 - 1.48 = 19.51) The worst-case scenario would be if SPY took a deep nose dive. In this case we would have to sell calls to reduce our cost basis much like you would on a wheel. However, since we are long term bullish on SPY (one of the requirements for this strategy) then we won't mind holding the LEAP and reducing our cost basis until SPY recovers. + +**Why Use a SCC over a Covered Call Strategy?** + +I will again use our SPY example to demonstrate why the SCC is better than the CC. In our example, the max risk on the SCC was 1,951$ while if we were to use a covered call strategy we would have to risk $30,900. The max gain for a CC would be 315-309 = 6 + 1.48 = 7.48. Which is a 2.4% return on risk. Much less than our 21.6% return on risk for the SCC strategy. Now if you're really insistent on using 30,900$ on a SPY play then we really see how the SCC outperforms the CC strategy. You can perform approximately 14 SCC with the same capital as a CC. If the stock were to expire at 315 for the CC strategy you would make 722$ while if it were to expire at the 315 strike in the SCC strategy assuming you brought back the contract at 315 you would make approximately 111$ per spread \* 14 spreads = 1554$. + +**Managing A SCC Strategy** + +Rises in implied volatility are one of your biggest threats with this strategy. Performing this on something like SPY that is trading like a pharmaceutical company right now can be extremely risky because it can gap up 10$ or down 10$. Rises in implied volatility will also make it more expensive for you to buy back your short option while the price of the long option will stay roughly the same. When performing this strategy you want either falling implied volatility or volatility that is staying the same as when you sold your call. To combat this you need to be aware of the news surrounding the company beforehand. Don't play during earnings or other high IV events. If you are caught by surprise with rising IV it is best to buy back your short position and either hold your long position until IV decreases, sell your long position, or role your call to a higher strike. + +Another thing to be aware of is a drop in the price of the underlying. If this happens and you are still long term bullish on the stock just sell more calls to reduce your price basis. If this is happening because of a change in the fundamentals of the company you want to close your position as fast as possible. (If this happens it may be tough to find volume on your LEAP so be aware of this.) + +**Some Extra Notes** + +All option prices were calculated using a Black-Scholes model adjusted for dividends. + +When calculating the profit points of the short option I didn't account for theta decay. Obviously, if the stock is at 311 and you sold your call for the 315 strike then your profit would be higher with one day to expiry than 5 days to expiry. + +I also assumed you would hold your options till expiry in both cases, but pick your profit point and take profits. Taking profits at 50% is a long term profitable strategy, but everyone has a different risk tolerance so do what is best for you. + +This is not financial advice. + +As far as I am aware you cannot perform such a strategy on Robinhood you'll need to use a real broker. :) + +If you made it to the end congratulations! + +Feel free to ask questions or share your opinions in the comments. + +Edit: Fixed acronyms + +Edit 2: I was informed this is more accurately called a Poor Man’s covered call. A synthetic covered call would require a short put. Sorry for any confusion that may have caused. + +**TLDR:** Synthetic covered calls are 1000x better than covered calls. +https://www.cnbc.com/2019/07/31/fed-cuts-rates-by-a-quarter-point.html + +Changes in the Fed statement: https://www.cnbc.com/2019/07/31/july-federal-reserve-meeting-what-changed-in-the-new-fed-statement.html +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! + +Just had a chat with a couple of friends and that was what the general sentiment was. That they missed BTC when it was $10k. I talked to them about Ethereum but it’s their money and their decision. It’s funny that everyone talks about missed opportunities but it could be right in front of them and they fail to take advantage. Anyone feels the same? +Hey all, + +Hope you're well + +What was the biggest financial mistake you made in 2021; +***or*** +what was the number one takeaway (lesson) you learned from 2021? + +\--- + +For me it was quite simple. I made some investments where I broke my own rules to get into a company within a certain time period. In some cases this lead to losses that I would have preferred not to take. So I started placing importance on fundamental and technical analysis on every stock purchase I make without exception even if it is for a short-term/momentum trade or a situation where understanding the balance sheet and sector isn't a priority. Perhaps slightly counter productive but it allows me to pivot and feel comfortable (and make less mistakes due to mental fortitude or psychological holes). I've been doing this religiously for a few months and it is proving so good for me. Luckily, my overall net-net was still positive even with the mistakes and I did well. + +GST +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Look. From where im standing. I hold a lot of IBX and for good reason. It's fucking gold if you can hold for longer than a year and a half honestly. Now hear me out. + +HREC is literally any second now. HREC is the ethics commision that signals the go ahead for tendies to come into your pocket. I don't see how it could be turned down if it works on animals. + +So we are talking about a cancer diagnostic stock that could literally replace MRI procedures currently. Do you know how many bags of tendies that is if you buy in now at 8c lmao. MRI and cancer detection is in the tens of billions of tendies. That would most definitely give you a 100-150 bagger if you held tight and everything goes according to plan. + +Do some solid DD for 30 seconds on Google and make your investment decision. Don't be FOMOing and shit when the announcement comes soon and your left with your pants down and dick out. + +🚀🚀🚀🚀🚀🚀🚀 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Hey guys, + +First of all, I know for a fact that a lot of you won’t agree with this, and that’s fine. I don’t claim this is the undisputed truth, because I know that a lot of people actually do trade for a living. And if you **truly** do, I have great admiration for you. + +I started trading pretty much exactly a year ago. Late September 2020. I had an old coworker who was in IML, and his posts on social media stuck interest in me. I didn’t join IML, but I started researching trading. Fast forward to December 2020 I remember being at a family gathering for the holidays, and feeling like all I wanted to do was trade, or get better at trading. I noticed I started to feel like a horse chasing a carrot on a stick, or a better analogy would be a mouse trying to get the cheese in a mouse trap. I ignored this feeling and kept learning, kept trading. In April 2021, I was still losing. I started backtesting heavily with algorithmic strategies after discovering NNFX. A couple months later, that still didn’t work for me because I couldn’t control my emotions. So then I started listening to Mark Douglas’ audiobooks on trading psychology and I still couldn’t manage to make a consistent profit over the long term. I play music, and I have a group of good friends who I just jam with once a week. I noticed that even with my best friends, doing what I loved, ALL I wanted to do was get better at trading. My vocal performance started to slide, and I couldn’t sing like I did before because I was so inside my head. + +Trading put me in such a deep, dark, obsessive and depressing hole. I totally understand that it’s ME and not trading. But maybe trading isn’t for me. I didn’t lose that much money as I kept going back and forth between small live accounts and demo accounts, but what I lost was my soul. Over the past 3 weeks I’ve been a lot more indifferent about trading, and it’s done me a lot of good. I feel like myself again. I think I’m finally going to have to throw in the towel. As much as it hurts to say, because I put everything I had into it, and wanted it to work out so badly. I’m still going to be investing in stocks, long term. But forex is brutal, and I know a lot of you are dealing with this same thing. But for me personally, I think it’s more worth it to get a decent paying trade job, put some money in an index fund, and maybe try some other forms of investment in the future. I have a goal of owning rental properties. I’ll probably still check in on here from time to time, but I’m most likely done with forex. + +I wish you all the best of luck, and thanks for reading. + +Sincerely, u/emopatriot +Throughout last year, I've been on many cryptocurrency subreddits here and there (including Bitcoin's of course) and must say that this is so far the most helpful, respectful and polite community I've met. Wishing you guys all the best! Keep it that way :) +I posted this **almost 2 months ago** and folks thought I was wrong or fear mongering. Look at all the DD now and tell me I'm wrong. I wish I was wrong because this is a big deal as most of you have learned. Either way, we are going to the fucking moon and beyond!!! Enjoy your tendies when they come because you're going to be the apes who survived it and earned it for holding throughout all the bullshit so far. + +I've only edited one part of the original post where I thought the date was going to be in early April but have now removed the date because putting a date to the moon is very bad. I'll also update it with the great DD that has been uncovered which lends to my theory. If you have more, send it my way and I'll update this post. + +***ORIGINAL POST*** + +***\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_*** + +$GME will be squeezed and the market will crash. I said it and I will show you why I think it to be true. + +The stock market will crash and crash hard. $GME and retailer investors will **NOT** be the reason for it but the catalyst and where blame will be put. + +I'm not normally a "cup half empty" type of person but the evidence is there and I thought I would share. + +**The Buffet Indicator** + +Quotes from the [article](https://markets.businessinsider.com/news/stocks/warren-buffett-indicator-record-high-overvalued-stock-market-crash-2021-2-1030067388?op=1): + +\- Buffett praised his namesake gauge in a [Fortune magazine article](https://archive.fortune.com/magazines/fortune/fortune_archive/2001/12/10/314691/index.htm) in 2001, calling it "probably the best single measure of where valuations stand at any given moment." + +In 2020, Berkshire Hathaway sold many stocks which was possibly due to the Coronavirus pandemic but as other [articles](https://ca.finance.yahoo.com/news/warren-buffett-prepare-2021-market-135446132.html) reveal, they are sitting on 30-35% of cash or cash like assets. + +Right now, the Buffet Indicator is signaling a [market crash](https://www.msn.com/en-us/money/savingandinvesting/warning-this-warren-buffett-indicator-predicts-a-market-crash/ar-BB15r0TO). + +**Dr Michael J Burry Warning** + +He is [warning](https://twitter.com/michaeljburry/status/1363226460979228673) and comparing the current US market to [Weimar](https://twitter.com/michaeljburry/status/1363226460979228673) 2.0. [Weimar Germany](https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic) experienced what was called hyperinflation making the local currency nearly worthless. + +**Overvaluation of Stocks** + +This is where there are a multitude of articles such as [this,](https://www.forbes.com/sites/jonathanponciano/2020/11/16/billionaire-bond-king-gundlach-thinks-us-stocks-are-way-overvalued/?sh=637473026c91) [this,](https://finance.yahoo.com/news/us-market-kicks-off-2021-224137492.html) and [this](https://markets.businessinsider.com/news/stocks/stock-market-analysis-wildly-overvalued-outlook-time-bulls-sell-2021-1-1029945485?op=1) showing why most of the stocks are over-valued. Not just $GME but right across the board. + +**Record Low Interest Rates and Treasury Bonds** + +The interest rates are [incredibly low](https://www.forbes.com/sites/amydobson/2021/01/08/mortgage-interest-rates-slide-again-to-a-brand-new-record-low/?sh=75b54a6c60c4) and has been low for over 12 years with only a slight bump up pre-COVID. Low interest rates introduce risk to [retirement](https://www.cnbc.com/2020/03/11/with-interest-rates-near-zero-preserving-retirement-income-gets-risky.html) income. These [rates](http://www.freddiemac.com/pmms/) are influenced by [treasury bonds](https://www.thebalance.com/treasury-yields-3305741#:~:text=Treasury%20yields%20are%20the%20total,of%20demand%20for%20the%20bonds). When interest in treasury [bonds](https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx) go up, so do interest rates. Although the fed has stated they won't be raising interest rates, it means banks won't experience it but consumers may see a spike in [mortgage and auto](https://www.fool.com/investing/2021/01/12/heres-why-interest-rates-could-spike-in-2021/) rates which are not directly influenced by the fed rate. + +**SPAC Mania** + +SPACS or *Special purpose acquisition companies* are companies which have no operating assets and are used to make private companies go public. They are basically "shell" companies or "blank check" companies. SPAC's raised [more money](https://www.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html) in the first 3 weeks of 2021 than all of 2019. SPAC's have been [claimed](https://www.investopedia.com/spacs-look-like-a-bubble-within-a-bubble-5105202) to be an indicator of a market bubble. + +**ETF Volatility** + +ETF's are generally stable places for investors and don't normally see volatility. When ETF's see [volatility](https://www.ft.com/content/464d8d78-a843-11e7-ab66-21cc87a2edde), it's an indicator of an unstable market. With GameStop, we saw a lot of Due Diligence on Reddit that ETF's were being shorted to cover the existing shorts. + +**GameStop as a Catalyst** + +There are already fingers being pointed at the mini-squeeze by retail investors of GameStop in Jan 2021 as causing instability in the market. News [articles](https://detroit.cbslocal.com/2021/01/28/gamestop-price-stock-market-bubble-optimism/) are now appearing to link a market bubble and GameStop. There are many such as this [one](https://apnews.com/article/wall-street-worries-bubble-gamestop-1f6918bbe537f2cc40c8f4629423f08a), [this one](https://www.forbes.com/sites/jonathanponciano/2021/02/12/is-the-stock-market-about-to-crash/?sh=856d1d571dee), and even international news articles such as [this](https://gulfnews.com/your-money/saving-investment/signs-point-to-an-imminent-stock-market-crash--how-can-you-protect-your-investments-1.1612103834934). + +**Conclusion and Opinion** + +The market was moving towards a crash even without GameStop but when it does finally squeeze, it will be felt throughout the markets which were already on the way. This [video](https://www.youtube.com/watch?v=2g8PawZIRrk) also provides other indicators of a market crash. + +***My opinion of what would happen next:*** + +* GME will squeeze. *(date removed).* +* Market bubble will pop. +* Crypto will also take a dive. (There are many institutions now invested in crypto which will need the liquidity to recover or take a new position. Also a good opportunity to buy a crypto dip). +* The US dollar will trend downwards, with gold and other precious metals going up. +* Government will intervene. +* New regulations and other unrelated laws because "you never let a crisis go to waste". +* We apes enjoy our tendies and the bad press coverage. + +\*\*Edit 1\*\* [u/Flacier](https://www.reddit.com/u/Flacier/) has similar thoughts with some data [here](https://www.reddit.com/r/GME/comments/lqruwa/gme_short_will_crash_the_market_this_is_my_buy/). + +\*\*Edit 2\*\* [u/Wonderboi1995](https://www.reddit.com/user/Wonderboi1995/) get's in to detail about Michael Burry's and the Big Short 2.0 [here](https://www.reddit.com/r/wallstreetbets/comments/lr8h1v/why_father_burry_is_calling_the_big_short_20_i/). + +\*\*Edit 3\*\* More evidence of [Buffet](https://finance.yahoo.com/m/3b026604-df9a-3c74-a949-f0706778fb75/warren-buffett%E2%80%99s-berkshire.html) pulling money out of the market. + +\*\*Edit 4\*\* [u/throwawayable8236](https://www.reddit.com/user/throwawayable8236/) posting about the ties to [crypto](https://www.reddit.com/r/Superstonk/comments/mv6wl0/a_possible_tie_in_of_the_cryptocurrency_market/). + +\*\*Edit 5\*\* [u/SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/) and the [hype induced market crash.](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/) + +\*\*Edit 6\*\* [u/socrates6210](https://www.reddit.com/user/socrates6210/) and an example of the banks selling record levels of [bonds.](https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp_morgan_spoofed_their_earnings_to_get_investors/) + +\*\*Edit 7\*\* Great explanation by [u/Calluma93](https://www.reddit.com/user/Calluma93/) on the [Everything Short.](https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp_morgan_spoofed_their_earnings_to_get_investors/) + +\*\*Edit 8\*\* [u/jsmar1](https://www.reddit.com/user/jsmar18/) did this great DD on Michael Burry's tweet and the explanation of [repo's and reverse repo's.](https://www.reddit.com/r/GME/comments/mil875/michael_burry_handed_us_the_missing_piece_on_a/) + +\*\*Edit 9\*\* [u/JustBeingPunny](https://www.reddit.com/user/JustBeingPunny/) post continuing to cover the Everything Short with respect to [SPAC's and Bonds.](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/) + +\*\*Edit 10\*\* I almost forgot to include some of the best DD yet from [u/atobitt](https://www.reddit.com/user/atobitt/) which is the original "[Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" post + +\*\*Edit 11\*\* A different perspective by [u/karasuuchiha](https://www.reddit.com/user/karasuuchiha/) on how retail winning is good for the [economy](https://www.reddit.com/r/GME/comments/mm959z/world_war_3_longs_vs_shorts/?utm_medium=android_app&utm_source=share) and investment. + +\*\*Edit 12\*\* The original Michael Burry tweet is deleted. I can't find the original tweet but the document he had referenced can be found [here.](https://docs.google.com/document/d/11ul_lcNWwJHd4DHFwxZlwyh1lIFmYN6peGO5D8X7434/edit?usp=sharing) Thanks to [u/biobey1](https://www.reddit.com/user/biobey1/) for catching it and linking it. + +\*\*Edit 13\*\* u/drakefin has found the backup of the Michael Burry [tweet](https://web.archive.org/web/20210223035327/https://twitter.com/michaeljburry/status/1363244089576022016). Thanks! + +\*\*Edit 14\*\* An anonymous user has also pointed to an interview with Jeremy Grantham also talking about the [next big crash](https://www.youtube.com/watch?v=RYfmRTyl56w). + +\*\*Edit 15\*\* [u/Alert\_Piano341](https://www.reddit.com/user/Alert_Piano341/) has more information on SPAC's in this [post.](https://www.reddit.com/r/Superstonk/comments/mv5h61/citadel_may_have_no_clothes_but_they_have_a_shit/?utm_medium=android_app&utm_source=share) + +**\*\*Edit 16\*\* u/**[**GMD\_1090**](https://www.reddit.com/user/GMD_1090) **is collecting and organizing DD like a true autist. I would suggest everyone take a** [**look**](https://docs.google.com/document/d/191xpr5xt19ou1TjCuqfQy-SltK6wR5dugHRH1xeKzRk/edit)**.** + +\*\*Edit 17\*\* u/fortifier22 just released more [great information](https://www.reddit.com/r/Superstonk/comments/mvj8fz/where_there_is_smoke_there_is_fire/) in a recent post. + +\*\*Edit 18\*\* [u/According\_Bee2757](https://www.reddit.com/user/According_Bee2757/) does a comparison of negative beta and distribution [days](https://www.reddit.com/r/Superstonk/comments/n0htur/the_end_is_near_market_tops_distribution_days/). +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. +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! +I currently rent a house with my ex bf (recently split) and we split the bills 50/50. The bills amount to about 1800 total a month (internet, electric, rent, water, etc) so we each pay around 900. When we moved we agreed he would continue paying 50% until the end of the lease. + +I want to stay here at the end of the lease but I feel like 1800 is a stretch unless I can get a 6 mo lease or month to month. + +I make around 4k a month after taxes, my retirement, health insurance, etc. + +A roommate is out of question. + +I just started saving for a home as I just paid off my debt and have an emergency fund. + +What would you do at the end of the lease? +The title explains my situation. I'm 17 and recently found out that my grandma has been saving up money for me for a long time, and the account will soon be transfered to my name. The account has roughly $75K in it, which will pay for three years of college at best (at least with the schools I'm looking at currently, which are all on the bigger side because I need a strong STEM program). I'm going to apply for academic scholarships as well as trying to get an athletic scholarship if I do find a smaller school which is STEM heavy (one option being RIT). Unfortunately, outside of my grandma I don't have any family members who are reliable and trustworthy, so after this year of school I'm pretty much on my own (graduating from high-school with roughly 30 college credits from AP and dual enrollment). My plan right now is to get certified as a personal trainer as soon as I turn 18, get my drivers license, and take $1,000 out of the college fund to pay for a cheap car. Outside of this, I'm honestly not sure what the best route would be to secure my security and independence. Any and all advice is appreciated. Thanks in advance. +So this requires a lot of backstory and I dont know how most of it works tbh so I'll just say what I know. I want to leave my house, no rather I NEED to leave my house, it's not safe for me anymore and I dont ever want to live there again. Problem is, my parents control my bank accounts somehow, all I know is I'm a linked account with them or something and anytime I take money out or try to transfer it they cancel the transfer and tell me not to do that. I'd be starting over with no money no nothing. I've figured for school I can just take out a loan and figure it out from there, but how would I start a new bank account from nothing, my plan is to literally leave with nothing and start over, I can crash at a friends' place for a bit but I dont want to bother them for too long, I just cant be here anymore. Please any advice helps, thank you in advance. + + +Edit: thank you everyone for your responses! I'm not currently in the US so I fell asleep, but I've read through all the comments and wanted to thank everyone for the advice. + +To answer a few questions: + +Parents are abusive, yes, something happened while we were on vacation that almost resulted in me being kicked out while on foreign soil and basically being forced to start a new life and find a way home by myself with no money and I decided "no, I'm not living like this anymore". + +Why didnt I leave earlier/why dont I leave now? I'm on vacation with them now, and in the past I was too scared/they threatened to call the cops on me before I was 18 and I guess I never figured that after I turned 18 they dont have jurisdiction over whether or not I leave. + +Thank you so much everyone, I wish I could get back to everyone that responded but I woke up to like 300 messages in my inbox. I appreciate all the help from everyone and all the best wishes, thank you. +As title suggests, it’s that time of the year where we look at $INTC. We have been writing about it for a while now. The first part covered it’s history and how semi conductor industry came about. Second part was present day dynamics, new entrants. + +Third part is here where we have attempted to attach a value to the company. A rough estimate of how much we would like to pay for it, if we ever bought it. Let me know what you think. + +https://freecashflowfordummies.substack.com/p/part-3-valuing-intel +Easy money is ending, zombie companies might start heading for the grave. + +In your research, what are the turnarounds that are failing to turn, broken business models, and outright scams that are likely to fall apart in the next year or so? I'm looking for some shorts! + +That other post about [CPS](https://old.reddit.com/r/ValueInvesting/comments/vpq0ey/cooper_standard_holdings_cps_deeeeeeeeeep_value/) reminded me of this, as I think that little auto parts company is fucked, and here are a few others to get the conversation started: + +- LMND. Slash underwriting standards on insurance and give the float to someone else to manage, this company is never going to make money. They might take awhile to go broke, though. + +- Nano-X (NNOX). Targeted by a short seller expose a year or two ago, their core "innovation" in digital, low-cost x-ray is almost certainly impossible / fraud. Seems they bought some other company that does x-rays so they can show revenue, but I think the founder here is full of shit. + +- All of the bitcoin mining companies (MARA, RIOT, etc).and Silvergate, that bank which loans to crypto outfits. Enough said. + +This is not to say that a short position on any of these is necessarily a good trade, for risk management / technical reasons, but let's pretend. Based on the fundamentals, what are some other companies you think are prime to go bust in the near future? +Easy money is ending, zombie companies might start heading for the grave. + +In your research, what are the turnarounds that are failing to turn, broken business models, and outright scams that are likely to fall apart in the next year or so? I'm looking for some shorts! + +That other post about [CPS](https://old.reddit.com/r/ValueInvesting/comments/vpq0ey/cooper_standard_holdings_cps_deeeeeeeeeep_value/) reminded me of this, as I think that little auto parts company is fucked, and here are a few others to get the conversation started: + +- LMND. Slash underwriting standards on insurance and give the float to someone else to manage, this company is never going to make money. They might take awhile to go broke, though. + +- Nano-X (NNOX). Targeted by a short seller expose a year or two ago, their core "innovation" in digital, low-cost x-ray is almost certainly impossible / fraud. Seems they bought some other company that does x-rays so they can show revenue, but I think the founder here is full of shit. + +- All of the bitcoin mining companies (MARA, RIOT, etc).and Silvergate, that bank which loans to crypto outfits. Enough said. + +This is not to say that a short position on any of these is necessarily a good trade, for risk management / technical reasons, but let's pretend. Based on the fundamentals, what are some other companies you think are prime to go bust in the near future? +I mean I bought shares of BABA long ago because company is great and been adding positions, but lately these news about chinese gov are kinda freaking me out. I know our philosophy is to buy when others are fearful but are this regulatory news something to be really concerned or you think this is transitory? +Fellow investors, + +I am out of new investing idea, so for this post I'd like to discuss something that is often ignored: How much money do you need to have in your portfolio to make it worth your while as an individual-stock picker? Central to this question is the opportunity cost that all stock pickers go up against: the almighty index funds and the cost of doing research!! + +Simple enough, your performance over the long run needs to be judged against a broad-market index fund, for which you incur no sweat and no effort holding. + +**Assumptions** (these are meant to simplify the calculation of opportunity cost): + +1. **You derive no net intrinsic benefit from your action of picking stocks** (so no net emotional rewards, no net benefit in learning and gaining experience as a stock picker, no pain or suffering seeing your stock picks going down, or all of this even out in the long run). You can relax this assumption and add it to your total return if you derive some net benefit from this stock picking. +2. **You gain a long-run 2% outperformance over the index**. Considering that most money managers lose to the index in the long run after fees, this is a very generous assumption. But you need an outperformance assumption to even have a discussion about stock picking making financial sense. +3. \*\*\*another baby assumption: **you did not obtain this outperformance for free**. Eg., you did not outperform by simply getting free stock tips from friends or works, etc. +4. **You're an average American with $63,500 in annual salary**. Needless to say, if you're high paying worker, stock picking makes even less sense for your opportunity cost. At 40hr/week for 50 weeks, this comes down to $32.5/hr wage. +5. **You derive no net benefit from obtaining uncorrelated returns**. Many of the benefits touted by hedge funds is not that it beat the indexes, but that it give investors "uncorrelated returns." So during bear or bull market, funds will have different returns compared to the indexes. +6. **You have no additional transaction costs picking stocks over indexes**. Easy enough in this zero-fee environment. Note: does not apply to pay-for-order flow brokers. +7. ??? I probably missed something. But these will do. + +**Calculation**: + +So, at 2% outperformance, you will make an extra $200 with a $10,000 portfolio, $2000 with a $100,000, $20,000 with a $1,000,000, etc. + +As you can see, at $63,500 annual salary opportunity cost, you will need $3,1785,00 in total portfolio value for your effort to make sense, assuming that you treat stock picking as a full-time job. + +My Excel game is no longer what it was, so I am too lazy to create a line chart that could visualize this. Imagine that the 2% extra return of your portfolio grow as your total portfolio grow. That line needs to cross the $63,500 in opportunity cost before it even makes sense for you to consider stock picking as a full time job. + +Now, let's say you don't need 40 hr/week to consistently outperform the market. So instead let's say you need 20 hr/week. That would mean you need $1,892,500 in total portfolio value to make a difference financially as a stock pickers. + +Further reducing the workweek to 10 hr/week, it would be $946,250 as the point of excess return over opportunity cost. + +**What's my point?** TL;DR: It means that for a lot of investors, including yours truly, it doesn't make financial sense until you become a multimillionaire to be picking stocks, even if you truly have a consistent edge over the market. + +Obviously, if you can relax any of these assumption in your favor, that change the calculus. For me it's assumption 1) that made a difference. What's yours? +I was chatting with a friend and they find it ridiculous that I stress about money. + +My my perspective living in a HCoL city, I don’t have enough yet to do anything I want, theres still stress on unrealized gains, market fluctuations, asset allocation, etc. + +Its not like I have $100 M where I would assume there’s less stress on day to day. + +What do you think? +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +&#x200B; + +[https://lunadoge.finance/](https://lunadoge.finance/) + +&#x200B; + +Why does this token have Moon potential? + +&#x200B; + +✅Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + +&#x200B; + +✅Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + +&#x200B; + +✅Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks. DAO could decide for more token burns now. + +&#x200B; + +✅What’s in the Pipeline? + +· Coinmarketcap listing + +· Coingecko Listing + +· DAO votings · External audit + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + +&#x200B; + +This team has continued to demonstrate their commitment to the LONGEVITY of this project and have continually increased my investment confidence through their actions! Its holders are put first and that seems to be a rarity given the recent landscape of startup projects. I truly believe this has this potential to compete with, if not surpass, Safemoon. + +Do your own DD and let me know what you think! Hopefully we’ll take a ride to the moon together 🚀 +I found out about Bingus whilst going down the Twitter crypto rabbit hole, and within seconds of seeing that they were supporting animal charities[,](https://imgur.com/gallery/poMuchN) I knew I wanted in. I made my first investment when the price was $0.000003, that was 9 days ago, and as I write this the price is currently $0.000014 which shows **incredible growth in just a short space of time.** + +Enough about the financial side of Bingus, I'm here to talk about what sets Bingus apart from the rest. My tagline reads: “Crypto; I came for the money, I stayed for the animals and the family I found in Bingus.” + +I've invested in several coins in the crypto world, but for me none of them ever felt right. I was backing them purely for financial gain, however with Bingus I'm backing them for the project, and that's what this is; a project born from love of animals. To date they’ve made **7 donations totalling around $30,000**. Knowing that with every dollar spent on Bingus will directly benefit an animal gives me such a warm feeling. Every time the main dev MJ shows proof of a charitable donation on behalf of the Bingus family, I can't help but feel proud knowing that I'm a part of the reason why these animals got help. It's been a dream of mine since I was a young child to one day own a huge farm where I provide a home to rescue animals, with Bingus not only do I fully believe that they will make this a reality for me, I also know that in the process they'll be doing the work for me until I'm able to do so, and they'll continue doing that work no matter what may come. + +When I call Bingus a family, I'm not being hyperbolic. I have never been a part of a crypto community that cares so much, that helps each other so much. Our Telegram group has 3.1k members, yet it doesn't feel suffocating. Nobody is in there to spam telling you that you must buy, nobody is in there acting superior because they've invested more in the coin than you. Everyone has a voice and that voice is heard by the Bingus family. The **doxxed dev MJ** has a chaotic professional life in film and TV, yet he will always find time to check in with us all along the way, keeping us updated with every step Bingus takes. Another project leader **Kyra is also doxxed** and has roots in the entertainment industry in LA having worked for one of the biggest talent agencies. AMAs both formal and informal are commonplace and he always responds to community questions at all times of day. As well as Twitch streams! Their passion filled video messages have become a part of the daily routine in the Telegram group, and this dedication and transparency is why I feel safe with $Bingus no matter what happens. + +With a current market cap of just $12 million, there's infinite room for growth. Don't be that person who in 2 years time tells their friends "I could have bought Bingus at fractions of a cent". It’s like Doge but with a purpose, and celebrity endorsements that aren’t ironic. Hop on board the rocket before it's too late, and if nothing else just know that you will be improving the lives of many animals. If you're looking for a quick profit, a pump and dump etc, then $Bingus isn't for you. If however, you're looking for a long term project that makes a real lasting impact on the world by helping animals, then Bingus is the perfect project for you. Almost everyone loves animals, almost everyone loves making money. Why not combine the two and come join the Bingus family. And if you don't want to take my word for it, then take the word of **Michael Rainey Jr.** who will help Power Bingus to the next level. And if that isn’t enough we also have **Rocky Kanaka** (Netflix star), **BBno$** (rapper and hip hop artist), and **MoistCr1TiKaL** (huge twitch streamers)! + +**I look forward to seeing you join the Bingus family!** + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) + + +**Charity Links:** +============= + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) +I have half of my savings in rental property and half in Vanguard funds. + +The properties are yielding about 4.5% net and not causing too many headaches. + +I am living on other savings and other income so the property and stocks are sat there to grow and fund retirement. My primary residence is also paid off. + +I am tempted to move more money from stocks into property. As I do not need to take risk, 4.5% return is great. If I use mortgages I can get 6-7% return which is comparable with the stock market over the long haul and feels like less risk. + +On the downside, property in the UK has quite high entry costs due to stamp duty. + +It also makes me nervous losing the liquidity. Right now I have 20 years expenses in stocks, but would move to 10, leaving me with less flexibility over the next decade. + +Finally, I don’t like the idea of carrying debt and dealing with banks, but counterintuitively, it is good for yield. + +I know Reddit loves index funds, but how else are people viewing and allocating rental stocks vs property in today’s environment? +Saw this on Fidelity Active Trader this morning. + +&#x200B; + +By Svea Herbst-Bayliss BOSTON, March 10 (Reuters) - Ryan Cohen'sRC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond(BBBY), has hired a proxy solicitor, signalling the firm is ramping up for a potential proxy fight at the housewares retailer, two sources said. RC Ventures has retained Harkins Kovler, the solicitor frequently used by prominent activist investor Carl Icahn in his corporate battles, said the sources, who are not permitted to discuss the private matter publicly. A representative for Cohen did not respond to requests for comment. Harkins Kovler declined to comment. A proxy solicitor polls shareholders on how they plan to vote on hotly contested corporate matters such as mergers or proxy fights. Hiring one signals that Cohen is taking the next steps to prepare for a potential fight with Bed Bath & Beyond(BBBY). Cohen, who co-founded online pet food company Chewy and is chairman of the board at GameStop(GME), disclosed his stake in Bed Bath & Beyond(BBBY) in a letter in which he urged the company to narrow its focus on operational and inventory improvements. He also urged the company to consider strategic alternatives, including a possible sale or spin-off of its buybuy Baby business. In the letter, Cohen estimated buybuy Baby could be worth billions of dollars on its own now that sales are nearing $1.5 billion with double-digit margins. A source familiar with Cohen's thinking said the investor is open to a negotiated compromise with the company if it includes significant boardroom change and a committee to review strategic alternatives led by new independent directors. Bed Bath & Beyond's (BBBY) board currently has 11 members. At the same time, Cohen is also preparing for a potential fight by selecting potential director candidates, the source said. Since Cohen's stake became known, Bed Bath & Beyond's(BBBY) stock price has surged 39%. Harkins Kovler, which was founded in 2015 by former D.F. King executives, is currently handling Icahn's campaign at Southwest Gas(SWX). (Reporting by Svea Herbst-Bayliss; editing by Jason Neely) +For the last couple of months since I started to take investing seriously I felt I was kind of obsessed looking how my portfolio was performing in the short-term, not realizing I was investing for the long-term. Along this short period of time I've made some mistakes, selling some stocks that were not performing well, but them some went up 10% - 20%. + +When you start to get too addicted looking into small changes on your portfolio, it really starts to affect your mood and sometimes you end up making bad decisions as I did. If you really believe in the business model of the company where your putting your money into you should not be worried about small moves. + +Basically, I was looking into my portfolio every single hour and it made me feel anxious, so I need to change it. + +That's why I am only checking each stock of my portfolio maybe twice a week or even once a week. + +What you guys think? Did you went through the same problem? +I’m glad to see the massive influx of new users lately who are really excited about investing in Ethereum, but I’ve also seen an increase in the number of hate and FUD comments. + +To me, this is a sub where experienced traders and hodlers share their knowledge, and everyone keep each other up to date on the Ethereum ecosystem, including all ERC20 tokens. It’s also where we should shitpost abundantly when the ETH moon, and everyone gets another piece of their lambo. + +If you see FUD, call it out. I mean the “This shit is going to $40 next week, watch”, not the “volume is decreasing, we might pull back a little”. And if traders share their knowledge, please don’t talk shit, even if you believe trade analysis is some made up voodoo crap; ask for clarification or better yet, keep it to yourself. Be kind to each other and help the newcomers out, don’t let this turn into /r/Bitcoin because it will drive people away and invite those assholes over here. + +Thanks + +Yo, heads up monkeys, this is going to be long and involve math,>! (ok, I ended up using less math than originally planned because this would have turned into a spreadsheet, and I want to type that up as much as you want to read it, so either accept the %'s I'm giving you or spend weeks reading agriculture reports, your call homie)!< you don't like it, the fucking back button is up there on your browser. Or just skip to the end where I put a one sentence summary. + +Oh, and if you think I'm some full of shit doomer, I'd recommend you browse my profile and note just how many of those DD's (like my recent post on real estate) are coming true fully fucking accurate. + +**TL;DR: There's not enough food for everyone, people gonna get fucked like Marilyn Monroe at a Kennedy family reunion.** + +Ok, so at this point everyone has noticed that the cost of food and gas is going up. This post is about food. As for gas... something's going on there, prices of gasoline and diesel have become completely disconnected from the cost of oil, reminds me a lot of what happened to California's electricity when Enron was fucking with supply, I haven't looked into the gasoline market at all, but the price of a barrel of oil vs. a gallon of gasoline is more whack than Flava Flav at an all night buffet of crack. + +So, back to food. In order to invest correctly we need to figure out just how bad things are going to get, and to do that we need to answer a couple of questions. + +1. How much is supply getting restricted? +2. How much is that going to affect the price of food? + +Let's start with the easier one, how much of a shortfall in food production are we looking at? Let's begin with the war in Ukraine. According to the USDA, in 2021 Ukraine produced 41,900,000 Metric Tons (MT) of Corn, 33,000,000 MT of Wheat, 31,643,00 MT of oilseeds, and 9,900,000 MT of Barley. In global export terms they ranked between #1 and #5 in each of those categories. Current USDA projections as of May 2022 have 19,500,000 MT of Corn, 21,500,000 of Wheat, 22,420,000 MT of oilseeds, and 6,000,000 MT of Barley. However, these projection numbers are constantly being revised down. + +Ukraine's wheat crop is 97% winter wheat, and the harvesting of it is supposed to begin in July. The fields are also located in the South and East of the country, around cities like Mariupul, Donetsk, Luhansk and Kherson. If those sound familiar, it's for a reason, they're where all the fighting is. Equally important is the fact that Russia is blockading the Black Sea, so it's not just Ukraine's exports being reduced, it's other countries like Serbia as well. Currently there are around 25,000,000 MT of various agricultural goods locked up in Ukrainian ports getting ready to start rotting in warehouses and silos. + +&#x200B; + +[It's a blockade.](https://preview.redd.it/t155o0bwrc591.jpg?width=290&format=pjpg&auto=webp&s=820560a8bdf123b8cf381be848bb9366dc9c7c6f) + +Combining the blockade with the severe damage to the roads and bridges (remember the story about the heroic Ukrainian who blew that one key bridge? Nobodies rebuilt any of those for civilian use yet) and silos needed to harvest, transport, and store grain and other agricultural products, plus the prime areas of farmland and distribution being contested or under Russian control, and the harvest getting ready to not start at all in two weeks, I'm gonna say that Ukraine's exports this year will probably be close to zero. Even the optimistic projections of the USDA right now show enough lost production to completely offset the number of MT that Ukraine normally exports. Ukraine might honestly go from a top 3 worldwide food exporter last year to a net importer this year if things get bad enough. + +Well, what about places that aren't Ukraine you may be asking? Now lets get into another issue facing worldwide food production: Fertilizer shortages. Those of you who made money on the various fertilizer shortage DD's floating around here a couple months ago know what I'm talking about, global fertilizer production was down at least 30% this year thanks to things like Ice Storm Uri, Hurricane Ida, and of course the Ukraine War and resulting sanctions on Russia, China stopping all Urea exports, and plenty more, which led to prices more than doubling. + +Now, generally speaking, fertilizer is worth about a 50% increase in crop yields. So a 30% decline in supply comes out to a 15% drop in food production, plus the losses from Ukraine, which are worth about 5% of total world food production (7% of wheat), and we're at a 20% shortfall in worldwide food production. Sadly, there's more thanks to the weather. While most of America's farmland is in a drought, Kansas, Iowa, and Missouri are actually getting too much rain, and its lasted so long that Soybean planting is way, way, way behind schedule. + +Meanwhile up in Canada, the planting season got delayed by a week due to heavy snow and rain, which means if there's an early frost the Canadian Spring Wheat crop is going to take a massive hit. Spring Wheat is 75% of Canada's yearly production. Meanwhile Canadian wheat exports are down 40% yoy right now due to decreased exportable supply, thanks to a 38% production reduction due in large part to COVID induced shortages. + +China, another large crop producer, is facing significant problems with flooding this year, mainly in the southern provinces like Guanxi and Guangdong. Basically, everywhere along the Yangtze River is getting overloaded with too much water, which has caused damage to 30 million acres of crops. At a recent party meeting China's agricultural minister stated that conditions were the worst in history. None of this is helped by the corrupt and incompetent local and national governments that are doing a terrible job of mitigating the issues from flooding. For example, in Zhengzhou, despite warnings from meteorologists, little was done to mitigate flooding, leading to almost 1000 deaths across the region and scenes like this: + +&#x200B; + +[That's... not right.](https://preview.redd.it/9ls2alktrc591.jpg?width=800&format=pjpg&auto=webp&s=b5c9a4c6ea0826bc36f01c89de878e027e10cb67) + +US food exports to China tripled between 2018 and 2021, which offset the big losses from the autumn floods last fall, but that isn't looking like a repeatable pattern given US production difficulties. Some of you might think I'm being overly critical of the CCP here - I'm not, feel free to read "Document No. 1" for 2022, it's their main document about agriculture and food production, and the first third of it is just praise for Xi "Winnie the Flu" Jinping and his great spirit and plans. The rest of it is full of nonsense like "Do a good job in grain production" - that's an actual quote from it btw. Just like the Soviets learned the hard way, the CCP is discovering that the kind of bureaucrats that survive loyalty purges aren't big on imagination or competence. + +So let's talk about US crop production. Nebraska, western Kansas, Oklahoma, Montana, and Texas are all experiencing droughts, Missouri, Illinois, Ohio, Iowa, and eastern Kansas are getting too much rain, which is doing things like significantly impacting the ability of farmers to plant the years soybean crop in time to harvest it before winter. While in the US none of these issues will stop production, they will reduce yields per acre, and the crops produced will likely be lower in protein content. Total area under cultivation in the US is only up 3% YoY from 2021. The yield loss from reduced fertilizer alone is 5x that amount. + +There is a new problem that has recently appeared, and that's a shortage of DEF. DEF stands for Diesel Exhaust Fluid. The stuff makes diesel engines run cleaner at about a 10% cost in fuel efficiency.It's needed for any big rig truck or tractor or combine or harvester built after 2014. The engines won't run without it. A shortage means the planting and harvesting machines don't work, and the delivery and long haul trucks don't run. If this comes to pass, and hopefully it doesn't, the results will be catastrophic. + +I could go through a bunch more big agricultural countries, but it just gets kinda depressing, basically everyone who makes a lot of food is having significant production and weather issues this year. + +So, adding all this up, conservatively, we get a 15% reduction from fertilizer shortages, 5% reduction from the Ukraine war, and 10% from weather (I'm using the same % from the '72 shortages because those were largely weather driven as well). And we get a relatively conservative estimate of a 30% reduction in global food production. + +The last time there was a worldwide issue with food production was the Soviet Wheat Failure in the early 1970s. (There were also price spikes/output dips in 1994-1996 and 2006-2008) At the time US production was enough to offset the shortfalls in Europe and the USSR, but globally food prices increased by as much as 50%. That was on a roughly 10% decline in the production of wheat and other high protein grains. Today we're looking at at least a 30% decline in worldwide grain output, with the potential for slightly better or significantly worse numbers depending on the weather. + +**During the 1972 Wheat Collapse, global food prices increased as much as 50% on a 10% reduction in supply. Today we're facing an unknown price increase on a 30%+ reduction in supply.** + +If you're wondering, yes I've tried bringing this to the attention of elected officials in both parties. The main reaction I got was a staffer stuttering in fear before quickly bailing on the conversation. They know what's coming, and have no idea how to deal with it. + +As for specifically how high this is going to drive food prices? Honestly no idea beyond just up, like up a lot, food is an item with pretty inelastic demand, because people gotta eat. Also, food prices and crop prices aren't a 1:1 ratio, because of the high costs of shipping, markups, and spoilage. For example, a head of lettuce that costs $2 at the store might cost only $0.12 to grow. Meaning that even if the cost of producing lettuce doubled, the price you pay would only rise by 6%, not 100%. + +So, now that you know there's massive food shortages incoming, how do you make the money? Don't worry, I'm here to tell you. The first and most obvious way is to buy calls on crop futures. + +\[Banned name\] is an ETF that tracks Wheat futures. (technically it only tracks Red Wheat, but in a shortage people will interchange and take whatever they can get) Here's a chart if you're into that kind of thing. + +&#x200B; + +[Triangle with a strong ascending support line.](https://preview.redd.it/9toa3j5prc591.png?width=900&format=png&auto=webp&s=b236e91cdee4412aba52e6e93febbefb23220122) + +SOYB is an ETF that tracks Soybean futures. Obligatory chart. + +&#x200B; + +[Ascending channel, and another triangle it's looking to break out of.](https://preview.redd.it/6g6ul4iorc591.png?width=900&format=png&auto=webp&s=17b21054ef1d247e9859391fac9ab32951bb0694) + +CORN is an ETF that tracks Corn futures. Chart. + +&#x200B; + +[Looks like an inverse Head and Shoulders forming in an ascending channel.](https://preview.redd.it/yhpo9fwnrc591.png?width=900&format=png&auto=webp&s=29e92dae2447f401c57dd6718d3d0743e1763501) + +Going long on any of these I *highly*, *HIGHLY* recommend shares and calls out to Jan 2023. The harvests will start coming up short in the next few months, but this isn't happening tomorrow. Weekly FD's will get you rekt down to nothing. Listen to Soldier Boy's PSA from the 80s here except replace drugs with FD's. You don't want to be a loser do you? + +Going long on agriculture is the obvious way to play this, but there's another option for everyone who missed out on the collapse of Russian ETFs after the start of the war in Ukraine. Well, you're going to get multiple shots at replicating that here. The Arab Spring started and Syria collapsed because of a drought and spiking food prices. That's going to start happening again on a much larger scale. What you're looking for are countries with stupid, incompetent leaders, fragile economies and societies, and that are already in economic trouble. These are almost guaranteed to implode into civil war and societal failure when things start getting really bad. + +So who meets these criteria? And are reliant on foreign suppliers for food? Turkey, Egypt, China and Venezuela, come on down! You're the next contestants on "Which badly run country will implode and flood their neighbors with refugees!" + +**Turkey** \- Erdogan is the guy who thinks that the best way to fight inflation is to print more money, and no, sadly, I'm not making that up. Now, Turkey does only import about 7% of it's food, but instability has a tendency to spread, there's a dedicated Turkey ETF \[Banned Name\] and the country is already suffering from hyperinflation and otherwise in shambles. Plus, they have a long history of military coups. Some generals gonna get froggy here sooner or later. Downside, \[Banned Name\] options only go out to November, and the chain is extremely illiquid. + +**Egypt** \- El-Sisi is, frankly, an ass. Basically he's the Egyptian version of all the tin-pot dictators the US trained up for South and Central America back in the 80's. He took over in 2014 with a narrow victory of only 97% of the vote. He's only run against pro-government candidates since. They have their own ETF \[Banned name\], they're incredibly dependent on Ukranian grain - about 23% of their total food supply is imported. Downside, \[Banned name\] doesn't have options, so you can't buy puts. + +**Venezuela** \- this is like the ultimate poster child for a country that's going to descend into (even more) chaos when food prices explode. Sadly, it's already such a basket case that the biggest ETF exposure to it I could find is 0.37%, which is pointless. But hey, if you can figure out a way to short this place, go for it. + +Finally, the big one, **China**. + +Seriously, China is beyond a mess. They're basically bankrupt, and their failed real estate companies are only held up by Wall Street being unable to get out of their long positions and forcing the ratings agencies to avoid giving them the "D" and triggering their bonds' cross default provisions. Xi is the most incompetent leader they've had since Mao, and he's managed to consolidate his power. They appear to have locked Shanghai back down to prevent bank runs from getting out of control, and foreign capital is fleeing while record floods devastate their food production and the official government response is a document that basically says "try harder" and "don't fail". + +They have tons of very liquid ETF's to buy puts on. And even inverse ETFs to buy calls on. YANG for example is under $13 right now. Again, aim for a long time frame here, Jan 2023 should be your starting point. + +Personally, I have a small position in OTM Jan 2023 YANG and \[Banned name\] calls, it's a side position to the well over 90% of my portfolio that's long GME. + +**Super Short Summary: Not enough food for everyone, bad things happen. Short emerging markets and the second and third world. Long agriculture futures.** + +*EDIT: Specific positions are 3x Jan 2023 18c in \[Banned name\] and 3x Jan 2023 40c in YANG. I wasn't kidding when I said my positions here were small because most of my port is tied up in one security.* + +*Yeah, I'm aware of stuff like the dropping level of Lake Mead, the Italian issues with river flow dropping so much that seawater is backing up the channels and poisoning the ground, the food processing plant fires, and more. I stopped writing about them because it was genuinely getting depressing. There are many more options, tickers, and ways to play this than just what I listed here.* + +*But make no mistake, the food shortage is NOT priced in yet, and it's significantly worse than people are aware of. And no, it won't be the end of civilization in first world countries.* + +EDIT: just more than doubled my positions. I'm buying the dip. As always, you're free to do what you want. 6/30/22. I'm comfortable with my research and timeframe. Will continue to average down. Invest only what you're comfortable with. + +\*\*Sources include but not limited to: the USDA, the USDA FAS, Bloomberg, the Brookings Institute, and the CCP for their Document #1. +Hi Eupersonalfinance, + +I recently listened to a youtube video with a guy giving his general investment advice, and one thing stuck with me. The message was basically "You already are 'long' in Euro/Europe with most of your life; You earn your salary, you live, you have your family etc. in Euro/EU. So if you want to 'diversify your investments', focus on investing (passively or actively) in other continents. + +I've been thinking quite a bit about this. **Would it make sense to only/mostly invest in index funds that are not covering underlying EU assets, since most of us are so heavily invested in EU already (with the rest of our lives)?** + +Looking forward to hear your thoughts. Let me know if my question was unclear. + Toronto, Ontario--(Newsfile Corp. - March 16, 2021) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) ("**Red Light Holland**" or the "**Company**") an Ontario-based corporation engaged in the production, growth and sale of a premium brand of magic truffles to the legal, recreational market within the Netherlands, announces it has completed the sale and import (the "**Transaction**") of the Company's high-grade consumer packaged goods ("**iMicrodose Packs**") from the Netherlands to Canada under a Health Canada psilocybin import permit obtained by CCrest Laboratories Inc. in partnership with Shaman Pharma Corp. + +The Transaction between Red Light Holland and the Montreal, Quebec-based cGMP lab, CCrest Laboratories, is the first of a multi-phase project to expand into the mental wellness pharmaceutical sector by demonstrating a legally compliant route for supplying raw materials containing psychoactive molecules, produced abroad by Red Light Holland, and imported into Canada. + +"Today is another ground-breaking, precedent setting and defining leap forward for the entire Psychedelic sector as Red Light Holland has successfully expanded the reach of iMicrodose packs across international borders. As interest in novel psychedelic therapies increase on a daily basis, we will continue to aim to take our natural-occurring packaged psilocybin products to global markets, allowing Red Light Holland to increase our distribution and sales channels. The agreement with Shaman Pharma to utilize its partnership with CCrest Laboratories is part of Red Light Holland's growth strategy, complementing the international groundwork which we established in the Netherlands, as one of the only legal sources for producing natural raw materials containing psilocybin," said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland. "The collaboration with Shaman Pharma, who have successfully received our iMicrodose packs on Canadian soil, simply put, is a significant day for the Company and its shareholders. We are very proud to have our Netherlands grown Magic Truffles designed for responsible use via education and information, in Canada. They've arrived home and Red Light Holland continues to trailblaze across the world." + +The Transaction is performed with the intent of exploring continued collaboration beyond successfully completing the shipment of Red Light Holland's consumer packaged goods under a Health Canada import permit. The multi-phase scientific undertaking by CCrest Laboratories is planned to perform each phase of developing viable ingredients to address the demanding requirements of clinical trials, patient's Special Access Programs, and the downstream supply of production-ready substances. + +"We are delighted to build a relationship with Red Light Holland as we access the global industry for the very best of both product supply and, with recognition of their position as a market leader in establishing a supply chain from Europe to North America, the ability to meet the exacting needs of a globalized medical marketplace," stated Alex Grenier, Chief Executive Officer of Shaman Pharma and President of CCrest Laboratories. "Today, we succeeded in demonstrating our strong ability to navigate the stringent regulatory landscape for conducting international transactions of controlled substances and setting the bar for scientific excellence. Furthermore, through this collaboration with Red Light Holland, we were pleased to find that Mr. Shapiro's vision and ethic is well aligned with compatible long-term objectives for pioneering the psychedelic therapy sector in a manner that exceeds the most complex compliance requirements." + +Having successfully completed the Transaction, Red Light Holland and Shaman Pharma are jointly looking forward to pursuing the next phases in evaluating the potential of the Company's psilocybin-containing raw materials as a viable source for high-quality Active Pharmaceutical Ingredients (APIs). This world-first achievement marks an important milestone in securing a stronghold position at the forefront of the industry to supply the eventual manufacturing of psychiatric drugs as well as for other scientific and medical purposes. + +As well, subject to regulatory approval, Red Light Holland has engaged HE Capital Markets Ltd. to design and implement a North American multimedia digital advertising campaign for Red Light Holland on certain investor-focused and financial market websites. HE will also provide other media communications services to raise the company's overall corporate profile in North America. + +The cash consideration to be paid by the company for these services consists of $30,000 USD for a three-month campaign. HE acts at arm's length to Red Light Holland and is a London-based investor relations and capital markets advisory firm, providing comprehensive communications solutions to public company clients in North America and Europe through a combination of investor relations, public relations, and digital and social media services. HE's office address is 6 Hays Lane, London Bridge, London, SE1 2HB, United Kingdom. + +&#x200B; + +[https://finance.yahoo.com/news/red-light-holland-successfully-completes-120800216.html](https://finance.yahoo.com/news/red-light-holland-successfully-completes-120800216.html) +There was a post on r/showerthoughts recently where a redditor observed that if they handled their real-life money the way they did in video games, they'd be a millionaire by now. Of course on /r/financialindependence we know this to be true: if you earn a median wage and manage your money correctly, you will indeed become a millionaire. And yet, so few people actually *do* this. I find this to be a really interesting dichotomy because it isn't at all obvious why this happens, and if we knew how to help people think of real-life finances the way they think of in-game finances, it could do a lot of good for their financial health. + + +Most gamers, when presented with a choice of what to purchase in a game, naturally look for items that generate more future income. In Starcraft or other real-time-strategy games we buy workers who increase our income, in EVE or other MMOs we increase our earning capacity or buy sources of passive income. + +If you tell a video game player that they can purchase something that will earn them exponentially increasing passive income, forever, they would gravitate to that as their first choice. Those same people are probably putting off paying down debt or investing in real life. + + +In RPGs we conserve money and items to the point of vastly over-saving. Who hasn't completed a long RPG with a massive "emergency fund" of money and potions against a possible future need? But in real life, those very same people who hoard potions and gold in Final Fantasy will blow all their money on fancy cars, take out, or whatever (as we all have done at some point). I would say the average adult gamer probably has an emergency fund that is not significantly better, income-adjusted, than average, even though they clearly understand the importance and value of having one when they play a video game (where the stakes are lower!) + +**What are the key differences that make the same person save and invest in a video game, but be a spendthrift in real life?** + +Is it that real life is full of marketing? That financial options for investing and saving in real life are more difficult to understand? That the short-term dopamine rush of luxury purchases in real life doesn't really exist in most video games? +# Disclaimer and overarching notes + +* I'm not a financial advisor or analyst, everything here is my opinion and not an investment/financial advice. 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** – Market Maker; **BD** – Broker Dealer; **DTCC** – [Casino Operator](https://www.dtcc.com/about); **SHFs** – [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 – SI as of JAN, 2 – 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 – 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 “A” subaccount into a fully-paid-for location (the “E” 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 – in turn forcing MMs to hedge calls, which in turn increases price – 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 … 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 – 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 – 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 +I finally convinced my 24 year old coworker to get her ROTH started for retirement. With her being so young she has plenty of time to grow her portfolio, but wanted to know some of the best options. She’ll currently only be able to contribute $20 per paycheck and has a very low risk tolerance. I’ve given her all the warnings about investing during a bear market so she’s aware that she could deposit $20 and watch it go down to $15. She really likes the idea of dividends continuing to grow her account over the years. What do you think of this set up? $10 to a 2065 managed fund/$5 to JEPI/and another $5 to another long term growth ETF like VOO? With JEPI only having 2 years of history, it could go up or down, but I feel in the long term it has the potential to become a great growth and dividend fund. Thoughts? +Could a parent in a VHCOL city give me insight into what the private school application/acceptance process was like? I'm giving birth this fall and am already thinking about private pre-K in the ultra-competitive Manhattan landscape. Even the private schools in Brooklyn seem exceedingly difficult to get into. + + +What do top private schools actually look for? What are they assessing about you and your family? If there's a ratio of what's important, is it what you do for a living, where you volunteer, how well your child does in their behavioral assessment, who writes recommendation letters, etc? Is it worth hiring one of those school counselors to help with your application? I am hoping this is actually less complicated and competitive than I am thinking, though perhaps it's just the opposite. + + +Any advice appreciated. +https://www.cnbc.com/2020/07/14/moderna-says-its-coronavirus-vaccine-trial-produced-robust-immune-response-in-all-patients.html + +Great news for Moderna holders, the market at large, and the public in general! + + In the trial, each participant received a 25, 100 or 250 microgram dose, with 15 people in each dose group. Participants received two doses of the potential vaccine. + +ALL GROUPS SHOWED INCREASED IN ANTIBODIES. + +Phase 3 of testing is starting later this month. It's nice to have a very promising vaccine in the pipeline. + +This could cause the market as a whole to have a big day tomorrow, keep your eyes on the airlines and cruise stocks imo. But yeah could be very good news across the board. +https://www.nytimes.com/2021/07/03/world/asia/china-slackers-tangping.html. Body of the article in the comments. + +It's kind of a cross between LeanFIRE and hakikomori. Adherents eschew traditional jobs, marriage, children, home ownership. They only work odd jobs for the bare minimum to survive. Given the demographic time bomb awaiting China, CCP is not happy about all this. + +It's pretty interesting that these anti-consumerist counterculture movements arise independently in different countries. Probably says something about modern society. +# 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/) + +\------------------------------------------------------------------------------------------------------------------------------------- + +https://preview.redd.it/lddeyl2nw8b81.png?width=1024&format=png&auto=webp&s=f499a018af328df566076766779f2370ed6ece22 + +# Cellar Boxing!! + +If you haven't read u/thabat 's DD on Cellar Boxing, I'd recommend doing so. It's worth it to get some background on this.[ LINK TO DD.](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +But the Smooth-Brain TLDR, is that this was the Naked Shorting Gameplan, but referred to as Cellar Boxing which was found in a forum back in 2004. + +And remember the Whole **ZOMBIE STOCKS** thing ya? + +Well maybe we have been missing the bigger picture here... + +The theory was that Zombie Stocks were stocks that had been Naked Shorted / Cellar Boxed to death by Market Makers so that they could win the bankruptcy jackpot and never have to pay back the mass of shorts they had against the stocks... + +But what if there is more to the story... + +**WHAT IF... NAKED SHORTING / CELLAR BOXING WAS JUST A NEW MORE ADVANCED WAY TO CREATE DISTRESSED COMPANIES THAT PRIVATE EQUITY FIRMS COULD THEN TAKE OVER FOR $0.10 ON THE DOLLAR AND DRIVE THEM INTO THE GROUND???** + +&#x200B; + +**Zombie Stock #1 - Toys'R'Us** + +Toys 'R' Us goes Private - Bought out by 2 of the biggest Private Equity Firms Kravis Roberts & Co and Bain Capital in **2005** + +Source:[ NBC NEWS](https://www.nbcnews.com/id/wbna8658948#.WqvTiJch3IU) + +After Bain Capital and KKR took over.... the Profit First strategies kicked in and Toys R Us began its decline. + +(Apologies about quality, old article) + +As per this Nasdaq article, they state that: + +However, there is little doubt that Toys "R" Us' management is trying to adapt its business model to accommodate pressure from the company's owners for greater profitability. \] + +It is also understandable that the owners - Bain, KKR ( KKR ) and Vornado ( VNO ) - are pressuring management to cut costs and to boost profits, regardless of long-term consequences. + +So Basically... the Private Equity guys bought in... and began quickly trying to pull as much profit from the company as possible, before driving it completely into the ground and filing for Bankruptcy. + +Source[ NASDAQ](https://www.nasdaq.com/articles/toys-r-us-has-major-problems-2014-04-30) + +**SO DID IT FOLLOW THE SAME FORMULA???** + +In this Article on CNN, they discuss the fact that the common misconception that AMAZON killed Toys'R'Us is WRONG... + +That the problems started much earlier than Amazon coming on the scene. They claim that the company was taking on MASSIVE amounts of debt that it simply could not get out from under. + +And in Fact... they go so far to say + +Its debt was downgraded to **junk bond status** in January of **2005**, at a time when Amazon's sales were just 4% of their current level. + +Source:[ CNN Business](https://money.cnn.com/2018/03/15/news/companies/toys-r-us-closing-blame/index.html) + +HMMmmmmm.... + +Junk Bond Status... right before a Private Equity Takeover??? + +No WAY... **Milken was involved, was he**? + +Yes... Yes, he was... + +In his self-Promotion website, Milken describes his "Legendary Wall Street Career" and some of his most important work being "financing entrepreneurs who had great ideas" + +Listed as one of the companies he financed... you guessed it... Toys 'R' Us + +Source:[ https://www.mikemilken.com/fincareer.taf](https://www.mikemilken.com/fincareer.taf) (6th Paragraph) + +\--> So... while Cellar Boxing, may have been happening here... this is a **MULTI-PRONGED attack**... + +Additionally, the company was taking on MASSIVE junk-bond debt, which brought the price of the stock down massively, enough for a Hostile takeover by Private Equity... who proceed to milk all the profits they could before driving the company to Bankruptcy... thus, relieving the shorts of any obligation + +&#x200B; + +**Zombie Stock #2 - Blockbuster** + +Forced into Bankruptcy by "POOR MANAGEMENT" and a dropping stock price, DISH NETWORKS took over Blockbuster and began dismantling it in 2013. + +Source: [Reuters](https://www.reuters.com/article/us-blockbuster-dish/dish-network-to-close-all-blockbuster-stores-lay-off-2800-idUSBRE9A511Z20131106) + +Interestingly... Dish networks is NOT a Private Equity Firm, BUT... surprise, surprise, 5 years later, Apollo Management in Talks to FINANCE Dish Network Expansions... + +Source: [Reuters](https://www.reuters.com/article/cbusiness-us-apollo-dish-network-t-t-mob-idCAKCN1TF2PJ-OCABS) + +And it SEEMS like Ergen has both a reputation and the RIGHT CONNECTIONS to be on the inside track of this System: + +Dish Network, The Meanest Company in America + +Source: [Yahoo Finance 2013](https://finance.yahoo.com/news/dish-network-meanest-company-america-194008712.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFolE0lrCsTFUjh8BBdi1SKGPqC9VHqlPEuG2PqVi5AjM7qdh5rMic-jk2oNrUgMUJMWjvKe5xFvYxpowaAihCneV-brQHWaFoxUPgYCZ2jY1jZCFq4giTKqeSbRgADpkupFzsVV2EsvDQVgjFRD25uZjqo6bYXCnnTI4TMfaALW) (Now also Owned by Apollo) + +&#x200B; + +&#x200B; + +**Zombie Stock #3 - Sears** + +Taken Over by Eddie Lampert in 2013 and driven to Bankruptcy by 2018. Lampert had a reputation as being the NEXT WARREN BUFFETT, in that he would take large positions through his Hedge Fund ESL Investments in smaller companies, and hold on to them over long periods of time. + +Surprising then, that as soon as he took the role of CEO in Sears, he begin dismantling the company and selling it off for parts. + +Source:[ Investopedia](https://www.investopedia.com/news/downfall-of-sears/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok I'm betting there are A LOT more examples of this... but remember that quote about Leon Black? + +Even if you don’t know Apollo, you know its targets: Caesars casinos, Claire’s jewelry stores, Linens ’n Things, all purchased just before the financial crisis and driven to bankruptcy under Black’s watch. + +Here's a Reuter's article that states that Creditors at Caesars claimed that Apollo created affiliates to put choice properties out of reach of creditors. + +[https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB](https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB) + +Caesar's Rose from the Dead of Bankruptcy, ONLY when the actions that Apollo (And TPG Capital) had done, were undone. + +Claire's Jewelry rose from the dead in much a similar fashion. Forbes article here: + +[https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/](https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/) + +Linens 'n things however, did not make it. They couldn't get out from under the crippling debt likely orchestrated by Apollo... + +[https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:\~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt](https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt). + +\----------------------------------------------------------------------------------------------------------------------------------- + +Feel free to do more digging here Apes... every word I write is likely 30 words read in research... and I've only touched the tip of the iceberg here. + +There are too many coincidences for this not to be a thing. + +So all get to the REAL point of all this. + +\----------------------------------------------------------------------------------------------------------------------------------- + +# FAST FORWARD TO TODAY & MEMESTOCKS + +So here's what we know... + +We KNOW that Private Equity Companies like to buy distressed assets... + +Sometimes they hang on to those assets... sometimes they dismantle them and sell them off... + +We KNOW Apollo is one of these Companies... + +We KNOW Adam Aron is an Apollo Man + +&#x200B; + +[Adam Aron and Apollo Co-Founder of Apollo Global Josh Harris](https://preview.redd.it/ha917fjo59b81.png?width=762&format=png&auto=webp&s=0cd75e26d95cde704c8f2c18386e978b8d694361) + +&#x200B; + +We KNOW... Naked Shorting / Cellar Boxing is a good way to make a $1 seem like it's only worth $0.10 + +We KNOW... Private Equity Companies are a great way to turn a $1 into $1.50 no matter what the cost. + +We KNOW... Private Equity Companies that buy Distressed Assets, love to buy a $1 for $0.10 and then turn it into $1.50 + +NOW... + +What if Private Equity Companies... teamed up with Hedge Funds and Market Makers... to short the shit out of companies they want to acquire... so that they could by them cheap and turnout a maximum profit??? + +**JUST LIKE MILKEN DID WITH JUNK BONDS...** + +Milken’s bankers helped clients find ripe takeover targets and sold packages of debt to finance the deals. The bonds had to have sky-high interest rates to entice Wall Street buyers, but the corporate raiders didn’t mind: It was the targets, not them, who’d have to make good on the debt. + +Source:[ Same Bloomberg article Paragraph 13](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We KNOW... Milken started this strategy... + +We KNOW... Leon Black Expanded on this Strategy.... + +We KNOW... Milken stayed close with Black... + +&#x200B; + +[Milken, Black... and who's that on the left???](https://preview.redd.it/2o4t3ius59b81.png?width=762&format=png&auto=webp&s=1dcf05bf315f6c649dc686085d488870712d35a3) + +&#x200B; + +We KNOW... Milken is close to Kenny... Citadel is even listed as a STRATEGIC PARTNER of the Milken Institute!! (Source:[ Milken Instite](https://milkeninstitute.org/support#partners)) + +&#x200B; + +[Citadel Sponsors the Milken Institut](https://preview.redd.it/pki3cnax59b81.png?width=764&format=png&auto=webp&s=16f3a50ee850252180e60798c25451efa1b2e36c) + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +SO WHAT IF... + +And yes, we are going to start getting into a bit of speculation now... + +As part of the **Private Equity Playbook for Hostile Takeovers**... + +Not only do they get their buddies in the Hedgie world to short the shit out of Companies they see as a **Target for Takeover**... + +But... + +They also PLANT senior executives in the company... to ensure their plans go over Smoothly... and more often than not... make the company take on a shit ton of debt to get maximum short term profits!! + +That'd be FUCKING INTERESTING RIGHT???? + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We ALREADY know... that Adam Aron is an Apollo man... so let's not go through that again... but I TRULY do hope you listen Popcorn Apes... + +BUT... + +**WHAT IF THIS IS WHAT RYAN COHEN KNEW BEFORE INVESTING IN GME???** + +He knew the **Private Equity Playbook for Hostile Takeovers**... + +He could see the price TANKING for Gamestop... + +All he would have had to do to **CONFIRM** it's a Hostile Takeover play... + +(Meaning the company was massively overvalued due to Private Equity wanting that $0.10 on the dollar) + +...Is to look at the **SENIOR MANAGEMENT OF GAMESTOP**... + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISPROVEN:** This is what I love about Reddit. An Army of Apes checking your work to make sure you are correct. A few apes have spotted this mistake so thanks guys for reaching out! + +THERE ARE 2 GEORGE SHERMANS in this world - That's why his CV didn't make any sense. It's the other George Sherman that had the connection to Apollo. + +So for NOW... Georgey is off the hook for a direct link. But I'm not done yet. Something still smells off, so I will keep digging. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# GEORGE SHERMAN + +(Starting to get the picture yet?) + +&#x200B; + +https://preview.redd.it/hn92fwv169b81.png?width=761&format=png&auto=webp&s=7fd869c9a591ac30242735bb864d9f698784d947 + +Did you know that George Sherman had his own Investment Company? + +Cypress Group LLC manages the Sherman Family Foundation and Sherman Capital Holdings. + +Now... + +If we take a quick look at the ABOUT section... + +You'll see a little bit of background information on Sherman, that doesn't appear to be in his Linkedin Profile. + +SCREENSHOT JUST IN CASE IT GETS CHANGED: + +&#x200B; + +[ Source: https:\/\/www.cypressgroupllc.com\/about.html ](https://preview.redd.it/qhe5o4x469b81.png?width=697&format=png&auto=webp&s=4633fb5c8727fa09951583f8cce08f5e81ef6a20) + +Yup... **DIRECT** connection to Apollo! + +RBS Global is the parent company of Rexnord, and here's the official announcement of Apollo's Acquisition in 2006. + +[https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord](https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord) + +According to BusinessWire, Georgey started with Rexnord in 2002, meaning he helped transition the acquisition of Rexnord by Apollo in 2006... + +Source:[ BusinessWire](https://www.businesswire.com/news/home/20150611005904/en/George-Sherman-to-Retire-as-Non-Executive-Chairman-of-Rexnord-Corporation-Paul-Jones-Named-as-Non-Executive-Chairman) + +THEN... they took the company public in 2012 + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +A year later... Apollo Dumps a chunk of its shares (Though they remained the Majority Shareholder) + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +AND... a couple of years after that, Georgey announces his retirement from the company, but not before selling off a BIG chunk of his shares in 2013. + +Source[ https://wallmine.com/people/76973/george-m-sherman](https://wallmine.com/people/76973/george-m-sherman) + +**SEEMS VERY SIMILAR TO ADAM ARON AND VAIL EXCEPT, THIS TIME THE DEAL WENT WELL AND APOLLO KEPT MOST OF THEIR IN THE COMPANY** + +But... + +If Georgey made SO much fucking money from this... + +And everything went so well... + +Then WHY NO MENTION of it on his Linkedin Profile? + +I mean he spent 13 years there!! + +&#x200B; + +https://preview.redd.it/y3jzklb969b81.png?width=813&format=png&auto=webp&s=833836571eb5da3ccc279134c9d514f87fcaffd6 + +Could it be that Georgey Didn't want people picking up that he was working for Apollo? + +Similar to how Adam Aron CONVENIENTLY left out his 10 years at Apollo in his Milken Institute Profile (**A Place where this would normally be very relevant!**) + +&#x200B; + +[ Source: https:\/\/milkeninstitute.org\/events\/gc21\/speakers\/49394 ](https://preview.redd.it/z2zn61lb69b81.png?width=770&format=png&auto=webp&s=5c8ec583b2c9ffaedbfa10233de3073d5296bdf0) + +&#x200B; + +BTW... I mentioned before that the Milken Institute is a Strategic Partner with Citadel Securities... and Aron actually spoke there at an Event SPONSORED by Citadel... Sus Much? + +I even[ made a video on it](https://www.youtube.com/watch?v=uEfiuA8wg-Y)... though PopCorn Apes didn't appreciate it. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +So anyway... back to Sherman... + +What about other companies he's worked at? + +Advance Auto Parts? + +Well, In Nov 2012 a RUMOUR went out that they could be primed for acquisition by a Private Equity Company. + +Source[ NEW YORK TIMES WAYBACK MACHINE](https://web.archive.org/web/20130326202226/https://dealbook.nytimes.com/2012/11/01/advance-auto-said-to-consider-a-sale/) + +Also:[ CNBC](https://www.cnbc.com/id/49646153) + +A few months later... April 2013... Sherman is Made President of Advance AutoParts. + +Interestingly... in his Linkedin Profile, Sherman lists himself as **CEO** for his Entire Time at Advance AutoParts, but according to Multiple Sources, **he was actually President and only acted as interim CEO for 4 months in 2016**... Lying on your CV Georgey? + +[Source 1](https://www.aftermarketnews.com/advance-auto-parts-announces-departure-of-president-george-sherman/) + +[Source 2](https://www.bizjournals.com/triangle/news/2017/01/18/george-sherman-advance-auto-parts-verizon-wireless.html) + +Other than that I couldn't REALLY find a connection here, though there were lots of other smaller coincidences. (I'd love to check institutional ownership at the time!) + +He did oversee a merger here though... so there were 2 companies that could have had a Private Equity interest for him. + +(Either way... the Rumor of a buyout could be enough to plant an **INSIDE MAN** there too) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ALSO... like WTF is this... I can't even make sense of this shit. + +In his LINKEDIN... listed above... he shows his career path from 1996... to Gamestop... + +But remember in his investment Page... he listed a whole heap of other shit... + +He previously served as non-executive Chairman of the Board of Rexnord Corporation (NYSE: RXN). During his tenure, Rexnord was a portfolio company of both Apollo Management and The Carlyle Group prior to its listing on the NYSE in 2012. George retired from his role as Chairman of the Board of Rexnord Corporation in July 2015. George also previously served as Chairman of the Board of Campbell Soup Company (NYSE: CPB), President and CEO of Danaher Corporation (NYSE: DHR) and Executive Vice President and President of the Power Tools and Home Improvement Group at Black and Decker Corporation. + +[Source](https://www.cypressgroupllc.com/about.html) + +So... while it doesn't list dates there... I did a little Digging... and **SURE ENOUGH**... + +Here's an Official Press Release by Campbells Soups stating that Georgey is being made Chairman of the Board... + +This is in June 2001... AFTER being a Campbell Director since 1995... + +So instead of listing himself as a Director and Chairman of the board on Campbells Soups (A Fucking Fortune 500 Company) + +**HE LISTS HIMSELF AS A REGIONAL SALES MANAGER AT TARGET???** + +On TOP of this... in the same announcement... it states that in addition to being a Director at Campbell... he was the PRESIDENT and CEO of Danaher Corporation from 1990 until May 2001... + +WTF??? + +ANYONE??? + +Who is this guy?? + +Fucking Source:[ https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/](https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ANYWAY... the fucking Apollo Connection is there yet again. + +Let's look at the other execs, shall we? + +FUCKING JIM BELL... + +This shit just gets crazier... + +Shout out to [ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) for his post on Jim Bell 11 months ago which helped me figure this shit out. + +[https://www.reddit.com/r/GME/comments/lrfvlq/jim\_bell\_is\_a\_his\_firing\_is\_good\_and\_bullish/](https://www.reddit.com/r/GME/comments/lrfvlq/jim_bell_is_a_his_firing_is_good_and_bullish/) + +In his post... he states that Jim was brought on to Coldwater Creek to bring the company back to profitability, but ended up running it into the ground... INTERESTING... + +In Jimmy's Linkedin Profile... it shows indeed he worked at Coldwater Creek... + +But if you look at the Wikipedia for Coldwater... there is no mention of Jim Bell, **DESPITE** that being used to source[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) + +Wiki here:[ https://en.wikipedia.org/wiki/Coldwater\_Creek](https://en.wikipedia.org/wiki/Coldwater_Creek) + +Now I naturally give Apes the benefit of the Doubt and seeing as his Linkedin Shows it, there are PR announcements about it ([Source](https://www.globenewswire.com/news-release/2012/02/02/467051/14438/en/Coldwater-Creek-Promotes-Jim-Bell-to-Executive-Vice-President-Chief-Operating-Officer-and-Announces-Further-Leadership-Additions.html)) I'm GUESSING... Jimmy actually did work there and DID drive it into the ground... + +BUT... his name has since been changed to Dennis Pence... WEIRD. + +From[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) 's post + +From 2009 to July 2012 ColdWater did nothing but see RED and losing money, business was tanking due to "poor management". In 2012 Coldwater had to borrow $65million from Golden Gate Capital. GGC is a private equity firm run by a guy named David Dominik. The deal was assisted by a recovering Hedge Fund company at the time 'Citadel LLC' Oh and guess who graduated from Harvard with David Dominik? Kenneth Griffin *GEE THATS INTERESTING* + +Connections to CITADEL??? + +Not sure about that one buddy but would love to see the source on it... + +IN saying that.. the Financing is there + +Source:[ Globe Newswire](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +And despite the financing... just 2 years later, they file for bankruptcy... + +Source:[ Yahoo News](https://news.yahoo.com/coldwater-creek-files-bankruptcy-protection-102650455--finance.html) + +But ya... next he went to PF Changs... like Strife says in his post... drove that into the ground + +When it was sold, it was sold for $700 million, along with an existing $675 million in debt and despite doing $919 million in sales that year. + +Not exactly the guy you want as CFO unless you are planning on taking down a company from the inside right? + +Source.[ https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale](https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# WHY I THINK RYAN COHEN FIGURED ALL THIS OUT... + +Let's look at the now Infamous letter to the board, without taking into account the strategy part itself. + +>Given that our attempts to privately engage with you since the summer have yielded little progress, we feel compelled to send a clear message to the Board today: GameStop’s leadership should immediately conduct a strategic review of the business and share a credible plan for seizing the tremendous opportunities in the rapidly-growing gaming sector. + +&#x200B; + +>It is important to reiterate that we have devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector + +&#x200B; + +>We recognize that the Board may feel it is insulated from stockholder scrutiny after adding new directors this past spring + +&#x200B; + +>GAMESTOP’S CHALLENGES STEM FROM INTERNAL INTRANSIGENCE AND AN UNWILLINGNESS TO RAPIDLY EMBRACE THE DIGITAL ECONOMY + +&#x200B; + +>Unfortunately, it is evident to usthat GameStop currently lacksthe mindset, resources and plan needed to become a dominant sector player. The Company remains in long-term secular decline due to its apparent unwillingness to pivot with urgency and grow with gamers. As evidence, stockholders have seen the value of their equity decline by nearly 68% over the past three years and decline by nearly 85% over the past five years. 2 GameStop is also one of the most shorted stocks in the entire market, which speaks volumes about investors’ lack of confidence in the current leadership team’s approach. + +&#x200B; + +>It is equally important to stressthat GameStop hasfailed to adequately keep pace with key industry developments in recent years, including: + +* The transition from physical hardware to digital streaming. +* The explosion of mobile. +* The shift to purchasing from mass retailers and other online competitors. + +>By not capitalizing on these shifts, GameStop has lost billions of dollars in annual revenue and squandered a massive amount of market share. The Board cannot run from the following facts: + +* Sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. +* Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. +* In the two most recent quarters alone, the Company has lost another $277 million. +* To add insult to injury for GameStop’s stockholders, the size of the global gaming market has grown by more than 2.5x since the last console cycle. + +>Although GameStop’s e-commerce sales have increased significantly during the pandemic, annual revenues have declined by a staggering margin over time. The next console cycle’s temporary sales bump is not a justification for complacency and glacial transformation. + +&#x200B; + +>RC Ventures understands that Chief Executive Officer George Sherman has substantial experience working for large brick-and-mortar retailers such as Advance Auto Parts, Best Buy and Target. Regrettably, Mr. Sherman appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an always-on digital world. + +&#x200B; + +>Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom of the company. + +&#x200B; + +>We contend the Company’s sales should be growing at least in line with the market – not going in the opposite direction. + +&#x200B; + +>**WE URGE GAMESTOP TO ADOPT THE RIGHT ROADMAP TO VALUE CREATION NOW** + +&#x200B; + +>We have stopped short of outlining a detailed turnaround plan in this correspondence because the onus is on the Board and Mr. Sherman to do their jobs and produce a viable strategy. + +&#x200B; + +>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. + +SOURCE:[ SEC Archives](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Ok... so to me, this isn't just frustration with stock/investment performance. This is addressing the **CLEAR** **MISMANAGEMENT** of the company. + +And after stating that they ***"devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector"*** I very much DOUBT that RC didn't do a background check on the leadership team. + +And as soon as he got his foot in the door... he began immediately removing the bad Apples. + +Makes sense right? + +This is me speculating of course because I have no idea what goes on in that beautiful brain of his... but to me... this letter shows that he tried talking to them... he tried explaining it to them... but he couldn't just stand by and watch them drive the company into the ground like the **Private Equity Firm Hostile Takeover Playbook** would have done. + +So he said **FUCK IT... I'll DO IT MYSELF!** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... We're going to PART 4 Apes!!! +My husband is anticipating being offered a buyout. We're assuming he would receive about 50 weeks of severance. I don't know if it would be paid lump sum or over the next year. He is 59 and a half now. + +The amount we are eventually planning to pull from our 401k per year would probably take us out of the running for a healthcare subsidy before Medicare starts at 65. But in the year or two before we start withdrawing (2022) we would probably withdraw from our taxable accounts. During the year(s) that we use our already taxed accounts, we would probably have very little other income. Would we then be eligible for subsidy for health care if they still exist? + +If so, what about the years once we do withdraw.. . Could we, for example, withdraw from 401k through the year 2023 as needed, then in December 2023 withdraw a large sum to get us through most of 2024? Then have a very low income in 2024 and get subsidy again? Medicare age for him is 2026. +Long time reader first time writer. Here Is a picture of my financial independence journey. I must start with that I am not in tech or engineering. I am in lab technician at a Hospital in a rural community, about 80k /year at the time of writing this. Living in a rural community the cost of living is cheap and I have taken advantage of this by building up a small portfolio of rental properties. + + Assets: + +|Asset |Value | +|:-|:-| +|Duplex (my current residence) |165 000| +|My car |19 000| +|Checking accounts|6 000| +|Emergency Fund (savings account)|21 000| +|Registered Investment accounts ( mostly mutual funds, a few individual stonks)|168 000| +|Taxable Investment account (100% mutual funds)|10 700| +|Rental Property 1|115 000| +|Rental Property 2 |80 000| +|Rental Property 3 |105 000| +|Total|689 700| + +&#x200B; + +Liabilities: + +&#x200B; + +|Liability|Value| +|:-|:-| +|Home Mortgage|82 500| +|Rental Property Mortgages|174 600| +|Car Loan|11 700| +|Total|268 800| +|NET WORTH|420 900| + +&#x200B; + +I know, i know........... I wish it was 420 069 too but hey these things happen + +&#x200B; + +How did I get here: + +Simple answer: + +1. a lot of work fixing up terrible properties that no one would not look at during a time when real estate investing was basically considered the worst investment possible in my community. They're now all worth approximately double what I paid for them, the numbers in my assets calculations are very conservative. + +2. Savings rate of 30%+ of my work income , this is possible as I house hack to this very day. + +3. House hack from 2012 + +4. have an awesome wife that helped me with designing and renovating 3 crack houses ( I really believe you need the right spouse to even think of FI) + +&#x200B; + +I believe I am technically FI : + +Current annual expense: 31 500 + +Current rental annual net income : 26 400 + +4% rule on investment : 7 120 + +Net at years end: 2 020$ + +This takes into account repairs on my car and house and also has a vey conservative safety on my rental properties. + +&#x200B; + +I say I believe I am technically as I have not tried living of my investment /rental income as of yet I am saving 40 000+ a year. + +My goal before I go to part time at work is: + +500 000 liquid assets ( Currently 205 700) + +My personal house and car paid off (Currently 94 200 left) + +I'm hoping to achieve this by 36 years old (6 years from now, hopefully faster but we will see how it goes) + +This wasn't meant to come off as a brag, I just have no one to share this with (except my lovely wife) and was supper excited to cross the 400K Net worth excited +I don’t know who this person is and I’m assuming they sent it to the wrong user. Obviously, I’m going to return it but I just want to make sure this isn’t a scam or something... thanks! + +UPDATE: I contacted Venmo and they told me to just send it back with “wrong person” in the tag line. After reading all of the comments on here I was like yea no I’m not doing that so Venmo manually took it back. No word from the “sender” so hopefully that’s the end of that. Thanks everyone! +This goes to show how an over-burdensome and over-complicated, ~70,000-page tax code benefits the rich. Money + Lawyers = Tax arbitrage. + +EDIT: I am a Reddit noob. I'm so sorry. I didn't know you can't have a text post and submit a link. +Here's a link to the article source: [Bloomberg News](http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html/) +I finally saw someone mention this in a DD post, which I have always wanted to ask, but thought I would get destroyed for bringing up. + +Can someone explain to me how the price could possibly go into the millions, or even tens of thousands, without the government stepping in and making some kind of settlement? Meaning, the price starts to go into the thousands, and the government steps in and says, “okay, okay.. this is getting crazy. Everybody is getting $3,000 a share and now it’s all over.” + +Do people that think this will not happen actually have reasoning of why it wouldn’t, or are they just conveniently ignoring this possibility? + +Yes, I have asked critical questions about MOASS before and gotten destroyed for it. No, I am not a hedge fund shill. I am a 31 year old guy that works for parks in a western state, have two cats named Kevin and Webster and drive a Prius. If you hate this question please just down vote and move on, save the vitriol please. Thanks for any interesting insights anyone can provide. + +————————————————————————————— + +Edit: wow, this got a lot more attention than I thought. Thanks to all those submitting thoughtful comments, some decent reasons why what I outlined above could not come to pass. + +Just want to point out one thing: a lot of people are pointing out that there are a lot of stocks that trade above 3k on a daily basis. I of course am aware of that - I thought it was pretty clear I was talking about the feds freaking out of a parabolic rise in price, and not a company with steady organic growth year after year reaching into the thousands per share. +**TLDR:** While becoming a landlord can be a path to FIRE, it’s not always as trouble free as people make it out to be. + +While I’ve seen plenty of threads on having rentals at part of a FIRE strategy, I’ve rarely seen comments from experienced landlords that outline the challenges or negative outcomes that can come along with being a landlord. + +I sold my rental property a couple of months ago, ending my 11-year stint as an accidental landlord. I thought this would be a good time to provide my experience. And before all the “rental moguls” show up to shit on this post, let me qualify that I am not claiming to be an expert. In hindsight there were a lot of things I would have done differently/better. However, I feel I can provide real world examples of what a new landlord can experience. + +If done correctly, there can be a lot of financial upside. However, being a landlord is not as hassle/risk free as most people think it is – and there is no guarantee you will make money. Since many of my experiences tended to repeat over time, I have broken things out into sections. + +**Background:** + +My wife and I bought a newer 3500sq ft 4BR/4BA home in 2008 for $561K. Great neighborhood, school district, etc. This was towards the beginning of the housing crisis and home prices were starting to drop, so we got (what we thought at the time) a great deal. About 15% down from the original asking price. Unfortunately, home values in our area would continue to plummet. + +A couple of years later, I lost my job and had to move a few states away to get a comparable job/pay. Instead of taking a big loss on the house, we decided to become landlords. It seemed like an easy way to diversify. Since we wouldn’t be nearby, we found a small established property management company to watch over the house. They quickly found a family to move in. We were set. + +**Property Finances** + +When we started renting the house, we had paid about $160K into the 15-year mortgage (down payment & principal). Property taxes are high, so the monthly PITI payments were around $4,000. We started renting the house out at the going rate of $3,200/mo. The extra $800 we were paying was purely principal, which we just considered extra savings. + +After the situation I detail in the next section, we started making larger principal prepayments to get the house paid off quickly. From a purely business/financial perspective, not the best move, but this mortgage payment was causing some distress for my wife. We could have refinanced to a longer mortgage (rental property rates are higher) but we weren’t interested in starting the amortization table over again, especially with the depressed value of the property. We ended up paying off the house completely in 2018. + +**1st Property Manager (PM) & Tenant** + +In a nutshell, our PM moved in a family that was getting evicted from another house in our neighborhood. I’m not sure if the PM knew this or not, but minimal digging would have uncovered this. We received rent payments for a couple of months and then started getting partial payments or no payments. Multiple calls to PM resulted in excuses or voicemails. Eventually, we figured out that the PM had skipped town with about $9K of our money and \~$100K from a dozen other landlords. We all filed police reports, but the police were useless. + +My wife and I started dealing directly with the tenants to figure things out. Once we determined they hadn’t paid the last couple of months, we started talking eviction. This caused some disagreements with my wife as she wanted to “give them a chance” where I was pretty pissed that I went to work every day, in part, to put a roof over their head. We finally got on the same page and started the eviction process. + +Since one of the tenants was an attorney and familiar with the eviction process, she stalled proceedings at every turn. Refusing certified letters, dodging process servers, not showing up to court dates, etc. Process servers aren’t the creative geniuses you see on TV. They knock on the door and leave when nobody answers. Each time this happens, you schedule another court date for the Court to tell you to notify the tenant by another method. As a new landlord, the first thing you figure out is every rental law gives the benefit of the doubt to the tenant. + +It took us 2 months to finally get an eviction order. When the eviction date arrived, the tenants still didn’t leave. It took us another month to schedule the Sherriff and movers to show up and physically move them out of the house. The tenants were shocked (and mad) at us for evicting them. “How can you kick us out?!? We’re taking such good care of your house!!!” After dealing with their lies, excuses, and eviction process BS, I didn’t give 2 shits about their hurt feelings. In subsequent conversations with other landlords, this is how these situations usually go down. + +Eviction is a very sequential, drawn out process. A short delay at the beginning will exponentially delay the rest of the process. Serve the 5-day notice (or whatever your State uses) the very second rent is overdue. If you wait until you get mad enough to finally act, you will have wasted weeks. Towards the end of the eviction process, the tenant made some payments, attempting to buy more time. We accepted them, knowing we were still kicking them out. + +As part of the eviction, we received a judgement against tenants for \~$24K (along with 9% annual interest). + +The tenants owed a lot of money to others (previous landlord, car dealerships credit cards and clients). We figured we’d never see the money so the only real satisfaction we got was being involved with the tenant’s disbarment proceedings with the State. In addition to not paying rent, she had been stealing settlements from her clients (probably how she made some of those later payments to us) along with some other shady stuff. We were able to throw some gas onto the disbarment fire by demonstrating she lied on her lease with us (lying on a contract is a big no-no for an attorney). + +Several months after the eviction, we were able to get the $9K the PM stole through our State’s Real Estate Recovery Fund. When State licensed professionals (the PM was a licensed realtor and as a property manager, operated under that umbrella) are fined by the State for violations/etc., that money goes into a pot, which is used to pay off clients that get defrauded by these licensed professionals. We had to jump through a lot of hoops, but the state reimbursed us our stolen money and paid our attorney’s fees. + +These first several months of being a landlord were a nightmare. Had we not been in such a strong financial position, our rental property would have been foreclosed on. + +**2nd PM** + +We found another property management company, a larger organization versus a small shop, and we’ve had them for them ever since. While they didn’t steal money from us (a big plus), I can’t say we were thrilled with the service provided. For those of you thinking, that you’re just going to buy a property and hire a PM to handle everything, think again. + +While I’m sure good PMs exist, my experience is that PMs talk a big game but fail to deliver. They are nowhere near as hard working or as smart as they tell you they are. You will have to stay on top of them for just about everything. A few years ago, our property manager was bought out by a national chain – it didn’t get better. + +PMs are like that black sheep cousin every family has. Not a bad person – just someone that always seems to make bad decisions and doesn’t understand why they can’t get ahead in life. But here you are, the super smart landlord, turning over your most valuable asset to this same person, with the expectation you won’t have to be too involved with overseeing their work. I have detailed out some examples below: + + · Poor communication! PMs tend not to talk to you unless they think they will get an “attaboy” or need an explicit approval from you. For bad news, you will often figure that out yourself before the PM tells you about it, because the PM is hoping it will somehow resolve itself. + + · After we evicted the first tenant (we had to drill the locks, because the tenant had re-keyed them and wouldn’t answer the door), we purchased new exterior locks (\~$300). PM changed the locks and we instructed them to get the old locks re-keyed. PM said OK and promptly threw them away. + + · You have to stay on top of charges/bills you get from your PM. + +o A $75 service charge showed up on a monthly bill, with no explanation. We found out the tenant had a fuse trip. Rather than have the tenant check the fuse box (which is part of the PM’s procedure) the PM decided to come out to the house, flipped the fuse, and sent us a bill for $75. + +o We got a materials bill for $500 to replace some drywall (½ sheet in the garage). I knew that was overpriced and asked for a detailed invoice. I got a receipt for trowels, buckets, drop clothes, etc. I understood paying for drywall, tape, and mud, but I am not paying to equip your maintenance team with tools so they can do their job. Most of the charges were reversed when I said that since I paid for these tools, they belonged to me and I wanted them. + + · We had a tenant pay ½ the rent. Not a peep from the PM – (Remember--5 Day Notice)! We figured it out about mid-month when we noticed the rent money wasn’t all there. Also, the lease states there is a $75 late rent fee, which the PM took it upon himself not to charge. We read the PM the riot act about following their procedures. A couple of months later, there was another ½ rent payment and once again the PM did not bother mentioning it. We caught it sooner and re-read them the riot act. To his credit, this time the PM did charge the $75 late fee. + + · PM went out to address a minor plumbing problem - twice. Neither visit fixed the problem and we got charged $150 for each visit. They were going to go out a 3rd time and I had to tell them to send a real plumber. + + · Our PM contract states that they will conduct a home inspection twice a year. If I don’t ask where that report is, the inspection doesn’t happen. I had to start asking for a picture of the house with a date stamp, because the reports seemed like they were cut and paste from previous reports. + + · Our property management company is responsible to giving us tax paperwork for the property (income/expenses). Every year, it is wrong and we have to work with their accountants to get things straightened out. We’ve had 3 years where the errors were over $10K. I got to the point where if the error benefits us, I don’t complain. + + · This is probably most important - PMs do a terrible job vetting potential tenants. + +**Finding a Tenant** + +Since our property is in a desirable area, we’d usually only go a couple of weeks without a tenant, and each tended to stay about 2 years. This doesn’t mean finding a good tenant was easy. During the search process, PMs would forward applications to us saying “These look like great tenants!” That usually wasn’t the case. PMs are trying to get someone in, so they can get paid. Quality of the tenant should be a concern for them, but it really isn’t. Finding a tenant is just a chore for them. + + · If a PM prequalifies and forwards 10 applications, maybe 2 of them are qualified. The other 8 would have red flags all over them. Our general rule of thumb is that if a prospective tenant had to “explain” a red flag on their application, we ruled them out. The bigger the explanation, the bigger the problem. I don’t expect perfection, but for what you pay them, PMs should have some ability to vet candidates on their own – especially for what you pay them. Some examples of “great tenants” that were provided to us: + +o About 1/4 of applicants provided had credit scores below 579 – defined as “Very Poor.” Unless you were renting under some type of rental assistance program, I have no idea why any landlord would find this acceptable. + +o PM forwarded an application with an older credit report they received from the applicant (not run from the credit bureau). We had the PM rerun the credit report and guess what? - the score was a lot lower than the version the applicant submitted. + +o The annual rent on the house was \~$40K. Applicant could show $60K of income. + +o Received falsified pay statements from a few applicants. They’re never good forgeries. + +o Received an application where the applicant had low income sent a bank statement showing they received large settlement ($100K) that would help guarantee the rent payments. This same bank statement showed that $95K had already been withdrawn. + +o After dealing with our first tenant, we learned how to look up eviction cases in our County (and nearby Counties). We had more than a few applicants that were in the process of being evicted from their current residences but had not disclosed that on their application. + + · This isn’t a PM issue, but when you list your rental, scammers will copy your listing, make some minor alterations, and repost it to Craigslist/Hotpads/Zillow. All in the hopes of scamming someone out of a security deposit. Every day, I had to check various sites for scam listings of my rental and get them taken down. It is not complicated - just tedious. You will find at least one of these postings every day, while you are advertising your rental. + +**Tenant Issues** + +Other than the eviction, we didn’t have major tenant issues. Although there was one situation that could have been ugly, had we not caught it. Our second tenant completed a 2-year lease and signed another 2-year lease. A few months later, they asked about breaking the lease. We were willing to work with them on getting a new tenant, but they would be on the hook for rent, until the new tenant moved in, which lines up with our State law. They told us to forget about it. + +A couple of weeks later, I found our house listed through on the MLS. The tenants were trying to lease it out themselves. I really have no idea what the legal issues I might have had to deal with, had we not caught them before they got someone else to move in. + +We contacted their agent to take down the listing, since she didn’t have our permission to list our property. Instead of being apologetic or making up an excuse, she doubled down and started talking about how we should hire her as our agent. We hung up with her and called her Broker, explained the situation, and threatened him with a complaint with the State regulator (same agency that runs the Real Estate Recovery Fund, so we were familiar with their processes). He took it down right away. + +Something to also keep in mind, is if your tenant uses a realtor to find your house, the realtor will typically charge you a ½ month’s rent as a placement fee (the PM usually gets the other half, unless you have a different arrangement). These realtors will also amend the lease with a clause “If the tenant ever buys this house, you owe me 6% of the sales price.” + +Pets – Every tenant wants a pet. We were OK with it, but tenants will try to push the envelope (more pets / larger pets). Just make sure you get a large enough additional security deposit. + +**Repairs** + +Repairs and their associated costs do not get discussed enough. + +Think of the place you live in currently and think about what you had to get fixed/replaced over the past year. Also realize, the preventive maintenance you do to avoid a bigger future bigger problem, isn’t happening at your rental. Tenants don’t know (or don’t care) about the early signs of bigger problems. You won’t know anything about it, until it completely stops working, which you will then need to fix quickly. + +Age of the property will factor in here. We had a newer property, so things did not really go as wrong as they could have, but we had plenty appliance issues and an HVAC replacement. We were starting to get to a point where me might need to replace the roof, which could be $20K+. Imagine spending more than an entire year’s profits on a single maintenance cost. + +Your choice of rental property will have a bearing as to cost of fixes. The nicer the property, the nicer the fixes need to be. A cheaper house/apartment, you can get away with lower quality fixes/appliances. + +While you have PM to do the day-to-day stuff, there are definitely times when it’s easier/cheaper to do it yourself (probably violating the PM contract). + + · The washing machine died. PM quoted us a ridiculous price (twice the cost of a big box store). The washer/dryer were both old, so we contacted the tenant and asked if we bought a new set, would he (vs the PM) be willing to let the delivery guys into the house to install them. Tenant got a brand-new washer/dryer, and we saved hundreds of dollars. + + · AC unit was having issues. PM had sent repair folks a couple of times, each time costing us a couple hundred dollars. It would work for a couple of weeks and then die again. The final time it died, it was a week of 100 F temps for the tenant. We felt bad because nobody should have to deal with that. Once again, we asked tenant if he was willing to work with us on scheduling. We had a company come out and replace the AC units and water heater (which was getting old). This was $12K worth of work. I can only imagine what the PM would have charged. + +**Administrative** + +One thing nobody ever mentions about being a landlord is the cost of rental property insurance. This is different from traditional home insurance as it covers home damage and lost rent. The first couple of years as a landlord, this insurance is going to be 2 or 3 times what you would pay if you were living in the house yourself. I think in our third year, the premiums dropped significantly. This was something I never previously considered: Insurance companies figured out that brand new landlords are very risky. I imagine they have a lot of data to justify that. + +Unless you’re good with taxes, you’ll need an accountant. There are differences in treatment of expenses/tax deductions depending if you are an Active or Passive landlord. Make sure you know what type you plan to be. + +**Did I make money?** + +We ended up selling the property to our tenant for about $24K more than we paid for it, 14 years earlier. From property appreciation standpoint, it was more we didn’t lose money. Had we sold the house in 2011, we would have lost \~$160K. We knew what the house was worth, as well as how much money we’d have to sink into the house to spruce it up to sell. Keeping this in mind, we made a very fair offer to the tenant, who had previously expressed interest in buying the house, and he accepted. By not having the expense of a realtor or fixing up the place (not to mention the hassle), we ended up pocketing a lot more (with a lot less hassle) than what we would have made with a traditional listing. + +We had a gross rental profit of $131K over 11 years. Not terrible, but for me it really wasn’t worth the headache. Hindsight is 20/20, but with the way the market performed in the 2010’s, I probably would have been better off financially by taking the loss on the property and investing any future money I put into the house into an index fund. + +A lot is written about the tax benefits of being a landlord. Other than getting to write off some travel expenses to check on the rental property (allowing us to visit family/friends nearby), I didn’t see a lot of benefit. I had “losses” every year, which rolled forward until I sold the property. Of course, this is when you learn about depreciation recapture. My losses essentially offset my depreciation recapture. I won’t know the real impact until the accountant crunches the number next year. + +**Things I Wish I Knew Beforehand / Things to Think About** + +· You’re going to “work” as a landlord! It won’t be a full-time job, but there will be times that it feels like one. Don’t believe for a second that your PM will handle everything for you! + +· Talk to an experienced landlord and get their take. + +· Be selective in picking the property. + +o Will it be easy to rent? (Neighborhood/School Quality? – Competition?) + +o Will it be cash flow positive? Make sure you are factoring in ALL costs for the property. + +· Have an emergency fund for the rental. + +o If you didn’t collect rent for a few months, could you afford to keep making mortgage payments? The COVID eviction moratorium should be a wakeup call for anyone that thinks they can be a successful “rent to mortgage payment” landlord. Imagine not collecting rent for almost 2 years but still be on the hook for the mortgage -- and having zero ability to evict the tenant. + +· Get rental property insurance! It’ll be pricey, but these policies are worth it, if something goes south. If the property burns to the ground, they’ll rebuild your house and reimburse you for the lost rent payments. + +· Screen the hell out of your applicants! Trust your instincts. If something does not seem right, pass on them. As a new landlord, this can be gut wrenching. As an experienced landlord, you know you are better off letting your property sit empty for an extra month or 2, versus putting a potential “problem” into it. + +· Landlord-Tenant laws aren’t on your side. If you need to evict a tenant, you will have to jump through a lot of hoops. If the tenant wants to drag things out, the system is set up to let them do just that. + +· Budget enough money for maintenance/repairs. + +· Avoid being a long-distance landlord. It’s already tough job – don’t make it more complicated. + +· New landlords failing (foreclosure/bankruptcy) happens more frequently than anyone thinks. You never hear about it because who wants to post that they failed. Insurance companies realize new landlords are risky and charge accordingly. + +Hope this helps someone make an educated choice for their situation. More than happy to answer any questions. +Hi everyone - I am in the throes of a major financial decision and am hoping you can help me find direction. Tl;dr - I’m in a good position financially, but fear spending 250K on 30 acres to build a dream home on will haunt me later in life. + +I currently have a small home in the city (paid off), but dream of moving into the countryside near my family and building a house on some land. I’m not worried about being able to make payments on the land, but when I look at compound interest calculators if I dropped 250K into the market it could be 7-figures in 30 years. + +I’ve always saved 50-60% of my income, which I am proud of, however I’m having a hard time telling if my hesitation is valid or just me having difficulty breaking the habit of money hoarding... + +What do you think? Keep on the Fi/Re train? Or yolo b/c ya can’t take it with you? + +Happy to share financial details, but didn’t want this post to come off like the, “I make 400K a year - how big of a boat can I afford posts”. 🤙 +Mine did, surprisingly enough, though they didn’t tell me or put it on any payslips. + +I’ve left there now, but it was just interesting to know they’re benefit cheating frauds + +Sign in and click this link: https://www.tax.service.gov.uk/check-income-tax/jrs-claims +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.wsj.com/articles/worried-about-your-tax-bill-hedge-fund-star-john-paulson-owes-1-billion-1523458528 + +To put it in perspective, $1 billion in income tax is about the same as the bottom 50% of US taxpayers pay collectively. +EDIT BELOW + +It scares me to type this because it makes it a real thought. I started a business in October 2019, I put in £20,000 for equipment, marketing and premises. It was going great until March when Coronavirus hit, sadly I wasn’t allowed any help from the government and i couldn’t run my business as it involves close contact. + +4 days ago my premises was broken into and I therefor decided Today was the day I close down my business officially, my premises is gone, I have borrowed to help get through the last few months and now I’m £20,000 life savings down and in £6500 debt with no means to an end. Where I live there are 0 jobs for someone who doesn’t drive, except a local shop which I’m now working in part time earning enough to feed my kids. I have nothing to sell, nothing to give, nothing I can even consider. + +I guess this is the part I never thought I would type or even think about. I have been considering ending my life to stop the pain. The only thing stopping me are my children. I have made arrangements for where they would go if anything was to happen and this is when I realised I was serious. Strangely I can’t snap myself out of it, I thought I was strong minded and able to cope well in most situations. But now all I think about is the awful life I am bringing my children up into and for all that to disappear is the only solution. + +I haven’t attempted anything yet because when I get to it I just cry. I don’t know whether this is the right place to ask for help or whether anyone will even see this. + +I have no family and my friends have shown how much they care by not responding to texts or calls for weeks on end. I’ve called suicide help lines, loan sharks, debt relief companies but none of them actually do anything. The advice is helpful to someone that wants to live, not me. + +I’m hoping someone can tell me there is a magical company that gives you £26,000 and asks for nothing back. Or a celebrity just decides one day that they have too much money and gives me some. If I don’t laugh, I’ll die. + +I know everyone has been through the same or is going through the same and it will bounce back and everything will be ok. But I can’t see it, my brain will not allow me to see where this gets better. I’ve just lost everything and I can’t even afford to live anymore., so why bother living. For my kids, I know. I could never let them down, but am I letting them down by living? + +Does this deep hole ever get shallower? How does one bring themselves back to life when they are already dead inside. I’m babbling, talking to myself. + +I have just gathered £2 in pennies to buy a lottery ticket. That’s how hopeless this is. I’ll keep you updated if I win. + +I’ll end it here. Is it bad to be this selfish. + +EDIT: + +Hi everyone, + +First I just wanted to thank each and every one of you for sending me all the advice and kind words. I can truly say I feel 10x better and have some hope for my business. + +I’m sorry I couldn’t respond to everyone. + +I do have another question... + +Regarding the BBLS, I run my business through my personal account because of previous bad credit and unable to open a business account. I’ve just gone through an application with my current bank but got declined for the feeder account and business account again. None of the other companies are offering these loans to anyone who doesn’t have a business account with them. Does anyone know if I can do anything about this? + +If I could get £10,000 I can start my business up again with a lot of hard work. I don’t want to borrow too much and not be able to pay it back. + +Reddit is truly a great place and im very thankful to you all. + +Notes: +- I don’t drive +- I am a sole trader +- I don’t have a business account +- I have bad credit from previous relationship/my fault +- Id love to get my business back up and running with a loan if possible. I know I can earn enough to pay it back after a year or before and our lives would be a million times better. +I notice how people in this sub are often trying to diversify georgaphically, while really I don't see any sense in this, except if your goal is to make total returns lower. While you might be lucky picking some rare pearls of individual stocks, broad markets are generally sucking everywhere except US, and here are the reasons: + +1) US has one of the best demographics among developed countries. Feel free to compare US to most of developed world countries in [https://www.populationpyramid.net/](https://www.populationpyramid.net/). Europe is aging very fast, japan/korea as well. + +2) US has the most attractive market in the world, and naturally local companies have it easier to penetrate it and win the competition. + +3) US has a great climate, and also will be impacted less than Europe by climate changes. Canada or scandinavia might be impacted even less, but they are missing other points listed here. + +4) US is very unlikely to be attacked by other country. See what happens in the rest of the world. + +5) US has best neighbours. You are as rich as your neighbors usually. I know, in media US likes to make fun of Mexico, but it's actually okayish by world standards. While in europe there are some countries that have great neighbours, but as a macro region Europe sucks, as its neighbours are middle-east, ex-ussr and africa. + +6) US has the best business climate in the world and best oportunities for financing fast-growing global companies. + +7) US has the most developed stock market - you can find anything, global leaders, aerospace and defense, science and R&D, and some "boring" yielders and income stocks. + +&#x200B; + +I mean, are there any reasons to buy international ETFs like SCHY? In Europe old farts are creating regulations to maintain status quo for their "old" money. In China there is CCP and political risks, etc. + +And if 50 years you would wake me up and ask where are top 100 of world most influential, fastest growing and biggest companies - it 100% will be US. + +Am I missing something? I can probably only see pharma as somewhat decent sector to buy in EU, but on the other hand, taxation on ETFs would kill it. +Like the title says. I put off doing this last year because of how terrified I was to owe tens of thousands to the government. Edit- haven't filed since 2013. So I'm filing for 2014, 15, and 16 now. +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). +###[New daily here](https://www.reddit.com/r/CryptoCurrency/comments/pjz7g6/daily\_discussion\_september\_8\_2021\_gmt0/) + + +------------ + +###IOS VOTING IS HAPPILY BUGGED, USE A LAPTOP/DESKTOP. + +It has recently come to our attention that a user has been operating several accounts for the sole purpose of bypassing the karma limits imposed by Governance polls to earn more moons than possible each distribution. + +&#x200B; + +For obvious reasons, we can't divulge too many details on how this has been identified, though Reddit admins have actioned some of the accounts listed (which usually happens when the accounts repeatedly upvote themselves) but you should know that this has been passed around the moderation team and there exists no shadow of doubt that these are the same entity. The user has since confirmed as much in a message to the moderation team. You may know this user as: + +u/Hame_BiH +u/TDavid13 +u/DestroRe13 +u/mahatmadandi +u/Obito_DOS3 + +&#x200B; + +**Over the course of the previous distributions, this user has been given a total of 138,733 moons - which should have been spread fairly around the community of users here that earns them.** + +&#x200B; + +While this user and all accounts have been permanently banned, the timing of the bans means that the 5,655 moons marked for distribution will still be paid out on the 8th September unless a poll passes. + +&#x200B; + +We have very strict rules on using multiple accounts to bypass the karma cap, or otherwise game the system in an effort to earn more moons. Rule 3 is "No Manipulation" and that counts for bypassing Governance rules for the subreddit. + +**It is not fair for the rest of the users who are following the rules to have these moons distributed for ill-gotten karma, especially not over several accounts.** + +Unfortunately, the rest of the moons these accounts have received cannot be recovered (the beauty of trustless, blockchain technology) but we can at least act now to prevent this final distribution from rewarding this user for their bad-faith posting. If this karma is removed from the distribution, the current ratio will increase, giving each and every user more moons for their karma this round This will be a record-setting poll if it passes, and it is a long shot. + +&#x200B; + +By this poll passing, it will remove the above accounts from the current distribution, ensuring they do not receive the final moons allocated for their posts in snapshot 17. The methodology to address problem users has been laid out by Reddit admins. + +An additional effect of the poll passing will be less karma in the pool, meaning the Karma:Moons ratio goes up - more moons for everyone! + +&#x200B; + +Thanks for reading. + +[View Poll](https://www.reddit.com/poll/pjxnut) +Update 2: someone from Kuvera called and shared an easy trick (i.e. disable 2FA). Once done, the issue resolved itself. Thanks everyone. Like mentioned in the post, I have found Kuvera mostly helpful so far. There may be some issue where gmail rejects their mails. But their intention seems to be good overall. Thanks! + + +Update: I didn't expect so many helpful responses in such a short while. Thanks a ton, InvestmentIndia; I feel relieved now** + +&#x200B; + +Background: I have been investing in Quant Tax Fund since last year and I use Kuvera for the purpose (at least till last year Quant didn’t let us invest directly). I mostly invest through NEFT – I make the transfer from my bank, go back to Kuvera, provide them the transaction number and they proceed with the transaction. **Please note that the last part of the transaction involves Kuvera sending an OTP to my registered email ID. Also note that I have mostly found Kuvera very helpful so far.** + +The issue: I intended to do a lumpsum investment yesterday. I made the NEFT transfer (Citibank later informed me that the transfer was credited to Kuvera at 3:38 PM) and went back to Kuvera with the transaction number. When I tried to proceed, however, I didn’t receive the OTP from Kuvera. **I sent them an email and have not received any reply so far – it has been more than 24 hours**. So my trouble is twofold: + +1. I have lost the money from my bank without the investment going through; as it’s a **transfer** and **not a card transaction**, I cannot dispute the transfer +2. I really want to invest in Quant ELSS, but now I don’t see a good option to do it + +Resolution? I would like to know: + +· Is there anything else I can do to get the issue resolved? I would still prefer the investment going through rather than getting the money back + +· Has anyone else faced this issue without a resolution? Maybe we can pool in together in case we need to go the legal way + +· How else can I invest in that particular ELSS without Kuvera? + +&#x200B; + +*PS: I contacted Kuvera through Facebook messenger and did receive a reply, but the response is far less than helpful to say the least* +Purpose is to get exposure to US equities. + +Parag Parikh Flexi Cap Fund- everyone’s favourite fund. My concern is the enormous AUM and also the talks on the capping limits in foreign investments. + +Navi - this is very new and it invests in Vanguard Total Stock Market ETF. That’s about 4000 US companies. There is not much data to gauge the funds performance. This has low TER as well but the taxation on redemption is totally different when compared to our usual mutual funds. + +Which one would you recommend and why? + +Also please share if there is a better option for exposure to US companies. +I have been working as a software engineer for the past year now. I make 90k a year, which I am content with considering I have next to no experience. +I have been saving up money (i have around 35k in the bank right now). I have no loans, no car/mortgage payments or anything. +I have never been a prodigal spender, Most of my spending is buying an expensive laptop every couple of years and treating myself to some high end food here and there. I am careful to always have a good amount in my savings account. +I have been lurking on these subreddits (r/finiancialindependence, r/wallstreetbets) for the past couple of months now, reading how sensible people spend and save their money so that I can comfortably retire and buy a hellcat (yes that is my biggest dream). +Last week one of my friends got into a bike accident, spent a couple of days on the ventilator and died eventually. I know for a fact that he was a an extremely careful driver and refuse to believe that it could have been his fault. +This has messed up my mindset so really bad right now, like is it really worth pushing your wishes down a few years so that it is a better option financially? What is the extent to which a person should be careful while spending so that his financial condition > that thing he really wanted. +I don't know if this question would be allowed, but I don't know where else to ask this. + + +Edit: I typed this post at night when the thoughts of what direction one should go on in life were getting overwhelming. I had no idea this would get this much traction.. Thankyou so much everyone who took the time to reply and share their thoughts/experiences. It really means a lot to read what people have went through and how they coped with it ( or are still coping with it). + +Just a couple of things I wanted to clarify. I am 25 and a very simple guy. There was a time in my life I was in one of the most poorest countries in the world and I was making less than 600$ a month. I belonged to an upper middle class family(and cant really complain about anything as life was relatively good to me). At the time, a Honda Civic was a luxury car for me. That is when I used to absolutely love a hellcat, or muscle cars in general. So It was at the time the biggest thing I could dream off to buy by working hard, so that is why I mentioned that. + +Also I am really new to the whole FIRE and investment world. So will be careful in wsb, you guys are scaring me. + + +Final Edit: I hope everyone who replied or faced anything similar finds the courage to power through it. It was really touching to know that there are other people who have faced similar thoughts in similar phases of their life. + +Side note: This post was never about me wanting to buy a hellcat right now( Although I will get it before than i previously thought). It was a broader question on how most of the people perceive life in this regard. And every single comment educated me on that, so Thank you. + +Also quite a few people asked how to get into Software engineering. So just for the sake of giving something back I'll give sort of a primer. 1) Learn about SDLC 2) Learn C++ (this language is a personal opinion). Learn it as thoroughly as you can, make a couple of projects for the sake of learning. 3) Learn OOP thoroughly. 4) Find what you love in the field (Machine learning, Web dev etc. And stick to it). 5) UPLOAD EVERYTHING YOU CODE ON GITHUB, this is the second most important thing in landing a job(after your skills). + +If anyone has any other questions regarding this, feel free to DM, i would love to help. +It’s absolutely massive. + + + +Prime Minister Scott Morrison has announced a $130 billion package to support the wages of up to 6 million Australian throughout the coronavirus crisis. + +The “jobkeeper” subsidy will be worth $1500 a fortnight. + +“We will pay employers to pay their employees,” he said. “Our government has made a decision today that no government has made before. + +Mr Morrison said the wage subsidy package was an "economic lifeline". + +https://www.smh.com.au/national/coronavirus-updates-live-scott-morrison-upgrades-social-distancing-restrictions-as-australia-s-covid-19-infection-rate-falls-20200329-p54f3b.html + +Factsheet here + +https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf +Just wanted to put my thoughts out there before markets open for what it's worth. Full disclosure, I do own PLTR along with EV stocks outside of TSLA. They currently only make up less than 10% of my portfolio. + +The rally that we have seen this week has been impressive. I imagine for traders this was an incredible week and a lot of money was made. Hats off to you guys and cheers. I've learned that there are many ways to win on the market, and trading is certainly one of them. I'm not one to say that it's a horrible way to approach the markets just because it doesn't work or sit well with me. That said, for those who are interested in TRADING, this post may not apply as much to you. + +However, for those who are thinking about INVESTING. Please tread carefully. Ask yourself these questions + +1. Do you know what the company does / is hoping to achieve? +2. How does that sit with you? Do you agree with the company's goals? +3. What, if anything, would change your decision? What are factors that you believe will prevent the company from doing what it intends to do? +4. Given that you have a sense of the company's achievements, goals, and plans for the future, are you okay with paying what it's currently worth? + +At least take some time to answer some of these questions before moving forward. Similarly come up with a plan for investing your money. Establish how much you intend to put in the company (i.e. 300 dollars). If you are concerned that you are buying, for example, PLTR at its all time highs and that it will dip next week, start a position 1/3th position today and come up with a plan to invest the other 2/3 over the next two weeks. That way if it does dip, you catch some of the dip, but if it does continue to go up for two more weeks, you at least caught some of the initial price/gain. Either way, at least, by starting a 1/3rd position you can satisfy your FOMO and adjust your plan accordingly from there. + +At the end of the day, tread carefully. Take as much emotion out of the equation as possible. If your decision to invest is completely based on speculation, then acknowledge that and make sure even that is part of your plan. I generally encourage every investor to leave some room for spec. plays, but only to the extent that every dollar you invest is all accounted for. Remember the fundamental fact that by buying a company's stocks you are buying into that company. Trust me, there will always be more opportunities to make money in the markets. Right now it's PLTR. A few days ago it was everything EV, few months ago it was all BioTech, a few months before that it was chip stocks. + +Best of luck and may we all come out as winners in one way or another. +Hi all, + +How do you keep hope in the face of relentless, exponential rising costs of living in the UK? + +It feels like life in the UK is becoming harder and harder as the costs keep going up. I feel absolutely hopeless in terms of achieving any reasonable aspirations. +So I have been running theta gang strategies for almost 2 years now. Recently my bank offered me the ability to take a loan against my home about $100k at 4% interest for 20 years. I feel I have a huge arbitrage opportunity to take that money and then run a thetagang on it and create some nice income. I was thinking I could take it and even just do covered calls on SPY as to reduce my risk, buy and hold SPY could even probably outperform 4% over the next 20 years, I am very tempted to do this as I feel 4% is very low and with the returns that money could make me it would really be worthwhile. I always here about taking leverage this way to invest in real estate but never in the stock market. Has anyone done this before? Does it make sense to take a loan and just pay it off over time with options strategies? Just looking at the market right now covered calls on SPY could meet my monthly payment which would be about $650 a month. +\*Obligatory, I am not a financial advisor and this is not financial advice. All investors must do their own research and come to their own conclusions. Do not follow along blindly, question everything, including my work. + +**TL;DRS** + +Citadel's main hedge fund, Citadel Enterprise Americas LLC, registered a shell company, Ceamer Finance LLC in the middle the sneeze. It began its relationship period with Citadel Enterprise on 1/27/21 at 7:00 PM and registered its LEI at 10:29 AM on 1/29/21. Ceamer issued bonds shortly thereafter that were swallowed up by Guggenheim and a couple insurance and retirement funds from what can be found in available data. The data is very obscured though and there is not much available information on Ceamer or their bond issuances. Ceamer Finance II LLC had its LEI registered on 7/14/2022, just days before the record date for the GME split dividend. Its possible (but cannot be proven) that at least some, if not all of the GME short positions are hidden in Citadel Enterprise, and the above information would further support that theory. + +# Ceamer Finance LLC + +[Citadel Enterprise Americas, LLC](https://www.advratings.com/company/citadel) **(CEA)**, which is one of Citadel’s largest hedge fund tentacles, registered a shell company right in the middle of the sneeze. See here: + +https://preview.redd.it/f9whrouhqx3a1.png?width=812&format=png&auto=webp&s=73f4fbf152aee23348071e91892d463f09ab3cf7 + +[Ceamer Finance LLC LEI](https://lei.report/LEI/549300KGM6NOF0Q0GA88) + +Ceamer Finance LLC had an initial relationship period with CEA beginning on 12/31/2019 and closed on 12/30/2020. + +Ceamer began a new relationship period with CEA at 7:00 PM on 1/27/2021… Rewind... 7:00 PM on 1/27/2021… Ceamer then submitted its LEI registration on 1/29/21 at 10:29 AM. Crazy timing right? Must be purely cohencidental. + +Unfortunately, that's really all we can find out about the company aside from some filings showing the Ceamer bonds, and the curious legal address information that we'll touch on later. + +# Ceamer Bonds + +Ceamer kicked out a bond or two sometime in the first quarter of 2021, could have been immediately, or it could have been later in the quarter. There is no way of knowing as there is barely any available information on this company, let alone it's bonds. + +There is also no way of knowing how big of a bond was issued, just breadcrumbs of information. The most information I have obtained from the few insurance and retirement firms reported to be holding these bonds is that this debt originated before 3/13/21 with 3.69% - 6.92% coupon rates, Goldman Sachs is listed as the vendor on one of the bonds, and they have maturity dates of 12/31/24 and 3/22/31. + +The breadcrumbs also show us that [Guggenheim](https://www.guggenheiminvestments.com/firm#:~:text=Guggenheim%20Investments%20is%20the%20global,income%2C%20equity%20and%20alternative%20strategies), once again, loves Kenny’s D ebt, as I showed [in this post](https://www.reddit.com/r/Superstonk/comments/ry51l6/cloverfield_i_the_banks_are_cutting_up_selling/), regarding Citadel Securities’ loans being cut up and sold to mutual funds/ETFs/pensions (retirement funds) as collateralized loan obligations (CLOs are the cousins of CDOs) and syndicated loans. Citadel Securities is the market maker tentacle of the company. Their $3B 2/2028 Notes were refinanced and upsized $500M on 1/28/21 in a transaction led by 5 time felon JPM. + +Let’s also not forget about the $600M Notes of [Citadel Finance LLC](https://www.lei-identifier.com/leicert/549300BQL283NCR7P163/) (registered 12/28/2020, this is a “financing vehicle” tentacle for the Citadel Funds [that bailed out Melvin](https://www.reddit.com/r/Superstonk/comments/rgodx5/according_to_sp_global_ratings_these_are_the/)) that was issued March of 2021. Even though Guggenheim isn’t invested in these notes, the timing of the notes is important. + +Guggenheim accounts for all Ceamer Finance LLC bond NPORT filings since these bonds were issued, about $56M worth. That doesn't mean they're the only investors though, just the only investors required to report their investment. CEA or Ceamer Finance II LLC are listed as the issuers of these notes and Ceamer Finance LLC is listed as the description of the investment. The furthest maturity date of the Ceamer debt in the Guggenheim filings was for 2038. Here's the Edgar search: + +['Ceamer' SEC EDGAR Search](https://www.sec.gov/edgar/search/#/q=%2522Ceamer%2522&dateRange=custom&category=custom&startdt=2021-01-01&enddt=2022-11-30&forms=1%252C1-A%252C1-A%2520POS%252C1-A-W%252C1-E%252C1-E%2520AD%252C1-K%252C1-SA%252C1-U%252C1-Z%252C1-Z-W%252C10-12B%252C10-12G%252C10-D%252C10-K%252C10-KT%252C10-Q%252C10-QT%252C11-K%252C11-KT%252C13F-HR%252C13F-NT%252C13FCONP%252C144%252C15-12B%252C15-12G%252C15-15D%252C15F-12B%252C15F-12G%252C15F-15D%252C18-12B%252C18-K%252C19B-4E%252C2-A%252C2-AF%252C2-E%252C20-F%252C20FR12B%252C20FR12G%252C24F-2NT%252C25%252C25-NSE%252C253G1%252C253G2%252C253G3%252C253G4%252C3%252C305B2%252C34-12H%252C4%252C40-17F1%252C40-17F2%252C40-17G%252C40-17GCS%252C40-202A%252C40-203A%252C40-206A%252C40-24B2%252C40-33%252C40-6B%252C40-8B25%252C40-8F-2%252C40-APP%252C40-F%252C40-OIP%252C40FR12B%252C40FR12G%252C424A%252C424B1%252C424B2%252C424B3%252C424B4%252C424B5%252C424B7%252C424B8%252C424H%252C425%252C485APOS%252C485BPOS%252C485BXT%252C486APOS%252C486BPOS%252C486BXT%252C487%252C497%252C497AD%252C497H2%252C497J%252C497K%252C497VPI%252C497VPU%252C5%252C6-K%252C6B%2520NTC%252C6B%2520ORDR%252C8-A12B%252C8-A12G%252C8-K%252C8-K12B%252C8-K12G3%252C8-K15D5%252C8-M%252C8F-2%2520NTC%252C8F-2%2520ORDR%252C9-M%252CABS-15G%252CABS-EE%252CADN-MTL%252CADV-E%252CADV-H-C%252CADV-H-T%252CADV-NR%252CANNLRPT%252CAPP%2520NTC%252CAPP%2520ORDR%252CAPP%2520WD%252CAPP%2520WDG%252CARS%252CATS-N%252CATS-N-C%252CATS-N%252FUA%252CAW%252CAW%2520WD%252CC%252CC-AR%252CC-AR-W%252CC-TR%252CC-TR-W%252CC-U%252CC-U-W%252CC-W%252CCB%252CCERT%252CCERTARCA%252CCERTBATS%252CCERTCBO%252CCERTNAS%252CCERTNYS%252CCERTPAC%252CCFPORTAL%252CCFPORTAL-W%252CCORRESP%252CCT%2520ORDER%252CD%252CDEF%252014A%252CDEF%252014C%252CDEFA14A%252CDEFA14C%252CDEFC14A%252CDEFC14C%252CDEFM14A%252CDEFM14C%252CDEFN14A%252CDEFR14A%252CDEFR14C%252CDEL%2520AM%252CDFAN14A%252CDFRN14A%252CDOS%252CDOSLTR%252CDRS%252CDRSLTR%252CDSTRBRPT%252CEFFECT%252CF-1%252CF-10%252CF-10EF%252CF-10POS%252CF-1MEF%252CF-3%252CF-3ASR%252CF-3D%252CF-3DPOS%252CF-3MEF%252CF-4%252CF-4%2520POS%252CF-4MEF%252CF-6%252CF-6%2520POS%252CF-6EF%252CF-7%252CF-7%2520POS%252CF-8%252CF-8%2520POS%252CF-80%252CF-80POS%252CF-9%252CF-9%2520POS%252CF-N%252CF-X%252CFOCUSN%252CFWP%252CG-405%252CG-405N%252CG-FIN%252CG-FINW%252CIRANNOTICE%252CMA%252CMA-A%252CMA-I%252CMA-W%252CMSD%252CMSDCO%252CMSDW%252CN-1%252CN-14%252CN-14%25208C%252CN-14MEF%252CN-18F1%252CN-1A%252CN-2%252CN-2%2520POSASR%252CN-23C-2%252CN-23C3A%252CN-23C3B%252CN-23C3C%252CN-2ASR%252CN-2MEF%252CN-30B-2%252CN-30D%252CN-4%252CN-5%252CN-54A%252CN-54C%252CN-6%252CN-6F%252CN-8A%252CN-8B-2%252CN-8F%252CN-8F%2520NTC%252CN-8F%2520ORDR%252CN-CEN%252CN-CR%252CN-CSR%252CN-CSRS%252CN-MFP%252CN-MFP1%252CN-MFP2%252CN-PX%252CN-Q%252CN-VP%252CN-VPFS%252CNO%2520ACT%252CNPORT-EX%252CNPORT-NP%252CNPORT-P%252CNRSRO-CE%252CNRSRO-UPD%252CNSAR-A%252CNSAR-AT%252CNSAR-B%252CNSAR-BT%252CNSAR-U%252CNT%252010-D%252CNT%252010-K%252CNT%252010-Q%252CNT%252011-K%252CNT%252020-F%252CNT%2520N-CEN%252CNT%2520N-MFP%252CNT%2520N-MFP1%252CNT%2520N-MFP2%252CNT%2520NPORT-EX%252CNT%2520NPORT-P%252CNT-NCEN%252CNT-NCSR%252CNT-NSAR%252CNTFNCEN%252CNTFNCSR%252CNTFNSAR%252CNTN%252010D%252CNTN%252010K%252CNTN%252010Q%252CNTN%252020F%252COIP%2520NTC%252COIP%2520ORDR%252CPOS%25208C%252CPOS%2520AM%252CPOS%2520AMI%252CPOS%2520EX%252CPOS462B%252CPOS462C%252CPOSASR%252CPRE%252014A%252CPRE%252014C%252CPREC14A%252CPREC14C%252CPREM14A%252CPREM14C%252CPREN14A%252CPRER14A%252CPRER14C%252CPRRN14A%252CPX14A6G%252CPX14A6N%252CQRTLYRPT%252CQUALIF%252CREG-NR%252CREVOKED%252CRW%252CRW%2520WD%252CS-1%252CS-11%252CS-11MEF%252CS-1MEF%252CS-20%252CS-3%252CS-3ASR%252CS-3D%252CS-3DPOS%252CS-3MEF%252CS-4%252CS-4%2520POS%252CS-4EF%252CS-4MEF%252CS-6%252CS-8%252CS-8%2520POS%252CS-B%252CS-BMEF%252CSBSE%252CSBSE-A%252CSBSE-BD%252CSBSE-C%252CSBSE-W%252CSC%252013D%252CSC%252013E1%252CSC%252013E3%252CSC%252013G%252CSC%252014D9%252CSC%252014F1%252CSC%252014N%252CSC%2520TO-C%252CSC%2520TO-I%252CSC%2520TO-T%252CSC13E4F%252CSC14D1F%252CSC14D9C%252CSC14D9F%252CSD%252CSDR%252CSE%252CSEC%2520ACTION%252CSEC%2520STAFF%2520ACTION%252CSEC%2520STAFF%2520LETTER%252CSF-1%252CSF-3%252CSL%252CSP%252015D2%252CSTOP%2520ORDER%252CSUPPL%252CT-3%252CTA-1%252CTA-2%252CTA-W%252CTACO%252CTH%252CTTW%252CUNDER%252CUPLOAD%252CWDL-REQ%252CX-17A-5) + +In total, there is about $74M in loans that I've been able to find between the Guggenheim NPORT filings and the insurance/retirement reports. + +[Filed 2021 - 2022](https://preview.redd.it/wdopmb7vqx3a1.png?width=710&format=png&auto=webp&s=0e352f0a1f91af023538103c4b362cf5071ffc81) + +# Ceamer Finance II LLC + +On July 14th, 2022 CEA registered another shell, Ceamer Finance LLC II. The issuer of some of the Ceamer Finance Notes listed above: + +https://preview.redd.it/tguib6a1rx3a1.png?width=585&format=png&auto=webp&s=c9ced2a6f4a22ed663820cde3c4369636ba88093 + +This just so happens to be 8 days [after GME announced the stock split by way of dividend](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) and 4 days before the record date. + +# Hiding in Plain Site + +Another interesting note, there is both a “legal” address and a “headquarters” address for these LLCs. The headquarters address lists CEA’s Chicago residence for Ceamer Finance and the new Miami headquarters for Ceamer II, but the legal address lists this for both: + +https://preview.redd.it/mmtgg5x5rx3a1.png?width=345&format=png&auto=webp&s=a699e61a9f25ca3b29e0a0faa35453f45624a4d7 + +This is the same legal address as [CSHC](https://opencorpdata.com/lei/5493003L1TTLSPDRMU94), the daddy of the Citadel octopus, as it is the [owner](https://files.brokercheck.finra.org/firm/firm_116797.pdf) of more than 75% of Citadel Securities. Which also happens to be the same legal address as [Blackrock Capital Holdings, Inc](https://opencorpdata.com/lei/5493007UCDU4QX1ZZI35), many other [Blackrock companies](https://opencorpdata.com/lei?q=corporation+trust+company+blackrock), and many other [similar companies](https://opencorpdata.com/lei?q=corporation+trust+company). This post isn’t about Mega.corp though, so I’d encourage you to check out this series by u/Slyver12, [Will the Real GME BBEMG Please Stand Up.](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/) + +Another good read is this Possible DD written by u/ElCappucino, [The Open Back Door, in Plain Site](https://www.reddit.com/r/Superstonk/comments/qee8gp/the_open_back_door_in_plain_site/) stating that Citadel shifted or originated their GME short positions to CEA because CEA is a hedge fund and has all sorts of accepted reporting exemptions... The creation of Ceamer in the middle of the sneeze by CEA, the creation of Ceamer II just before the record date of the dividend spilt, and the bond issuances of these shell companies, would seem to further corroborate this theory. My speculative opinion is that these are financing vehicles for CEA who needed liquidity injections for the sneeze and the split dividend, but it can’t be proven without the books. + +Speaking of books, + +DRS is the way to stop the fraud 💜 + +Tanks fo reedin + +Additional Source Links, PDF files for Insurance and Retirement filings containing Ceamer or Ceamer II bonds: + +[https://www.sfgcorpmarkets.com/cmc/financialinformation/3-31-2022%20GAC%20Assets.pdf](https://www.sfgcorpmarkets.com/cmc/financialinformation/3-31-2022%20GAC%20Assets.pdf) + +[https://www.sammonsfinancialgroup.com/docs/default-source/sammons-financial-group-documents/2021-q1-nac.pdf?sfvrsn=cb38a993\_2](https://www.sammonsfinancialgroup.com/docs/default-source/sammons-financial-group-documents/2021-q1-nac.pdf?sfvrsn=cb38a993_2) + +[https://dbr.ri.gov/media/25086/download](https://dbr.ri.gov/media/25086/download) + +[https://www.rsic.sc.gov/\_documents/Reporting/2021-annual-report.pdf](https://www.rsic.sc.gov/_documents/Reporting/2021-annual-report.pdf) + +[https://www.wiltonre.com/wp-content/uploads/Texas-Life-Insurance-Company-2021-Annual-Statement.pdf](https://www.wiltonre.com/wp-content/uploads/Texas-Life-Insurance-Company-2021-Annual-Statement.pdf) +Fellow apes, please do yourself a favor and don't even consider buying the dip of Russian stocks. + +On the London Stock Exchange, equities like Gazprom, Sberbank, Lukoil etc. already went to zero (literally -99.9%) trading at a few cents a share. + +Investors are unloading the shares as pressure rises and the liquidity in the US will disappear too, although it seems it's happening slower than in the UK. The fact that MOEX is closed doesn't matter because even when it opens, foreign-held shares won't be permitted to be sold there, so it's irrelevant what the share prices there will be. + +Russian stocks are going to zero, and ADRs will be decoupled from their respective prices at MOEX. +I currently have 0 doors, but i am trying to get my foot into cash flow rental real estate investing. + +At my full time job I am a chemist, so my head is programed to think that numbers will predict what is going to be before it actually happens. Because of that, I have produced a very in-depth excel sheet that calculates what I need in a property to get my target cash-on-cash ROI of 10%. + +Everytime I put a bid on a property that would meet the requirements to be cash-flowing, I get outbid. Anytime I pass on a property that I think will lose money, it sells for at least asking (with like 4 offers). These aren't just single family homes... I'm talking duplexes/triplexes with long-term tenets that aren't on month-to-month leases. + +I'm a little bit conservative with my numbers, but am I missing something? How are these "investors" okay with losing money every month?... Are they assuming appreciation will cover their monthly loses? Are they just bad at investing in good deals? Or am I not seeing the good deal? + +Any input from investors with more experience would be appreciated. I'm tired of going over asking on properties that work with the numbers and still losing bidding wars. +Got a letter in the mail from Jefferson Capital for a US Cellular debt, that charged off in 2011, that's right...11 years ago. + +Says in the letter: while we cannot sue you or report this to your credit due to the age of the debt, we encourage you to pay it. + +Ya...no. +So my friend recently told me that she met with a friend of a friend of a friend who is FIRE at 26. She's telling me this person now meets with people to teach them how to get financially independent as well. + +My friend couldn't answer some initial questions I had (where is the income coming from, what investments are generating said income) which I get, but I still feel like this is some kind of scam or something. + +Has anyone in this sub experienced something similar? Or have any other good questions I can ask to see if this is legit or not? I don't want my friend to be scammed, but if it is legit I don't want to pass a good opportunity. + +Many thanks, friends + +UPDATE: Texted my friend, she said she just got done reading Business of the 21st Century so it's a definite MLM. We did it Reddit bake em away toys +Lets assume some stuff first: + + +* You are in your mid 20s, you never get sick, your last bed-ridden desease was a fever in 2012. And yes, accidents may happen but also, you only get the eventual flu and never lasts more than a couple of days. You are a goddamn tank in terms of health. +* Your only "luxurious" need is internet to work from home. +* You only need a roof, a bed, and just enough food to prevent you from dying of starvation. +* You don't need to socialize at all, you have proven that you can live without physical human contact for years, unless is necessary (workplace). +* You don't need a car or even public transportation if you can walk to purchase only the necessary for survival. +Like I know this isn’t going to be sustainable, but I jumped on the travel nurse train and I’m working overtime, night weekend shifts in a contract that pays me close to $6,000 a week for 13 weeks or about $4500 a week after taxes. This is a lot of money, I grew up poor and I have some perspective of going without. + +I have no debt, car is paid off, I was putting 10% towards retirement before I left my staff job a few weeks ago, there’s some money in my retirement but I haven’t looked in a while. I’ve got about $10k in the bank right now, and about $5k in some stocks. I don’t own a house or an apartment. Nothing in the way of friends or family. I have two dogs and that’s really all I have in life. + +I’ve considered what to do with this money because I feel like I have no quality of life whether that be buying a new car or putting 20% down on a house. I’ve been dealing with depression following a divorce for years and it comes and goes. I haven’t done anything fun in a long time. I’d eventually like to put roots down somewhere and start a family. + +I think I want to buy a house, use it as a base to keep travel nursing and then pick a staff job and work on things? Any thoughts? +Hello! Just wondering if I’m missing anything too obvious + +Basically, imagine that I want to own Google and I’m more than happy to pay the current market price + +It currently trades for $108, if I sell a deep ITM put 1 month out at say $130 for a premium of $25 + +Looking at 4 situations - the stock drops, the stock stays stable, the stock rises, the stock goes to the moon + +If the stock falls to $90, we buy the shares for 13k and keep our 2.5k premium, placing our cost to buy the 100 shares at $10.5k. This books us a paper loss of $1.5k since the shares are now worth $90. However, if we simply bought 103 shares of Google at $108, our loss 103x18=$1.85K, meaning in both situations were down, but selling the put to acquire had a lower paper loss + +If the stock trades pretty sideways, say it trades at $110, we would buy the shares for $13k, keep the $2.5k premium and have $11k of stock that our basis is $10.5k for, so a profit of $500. If we bought 103 shares, our profit would have been $206, so this is a decent bit more profitable + +If the stock goes up, say to $125, we pay $13k for the stock, keep the $2.5k premium, and now own $12.5k of stock which has a cost basis of $10.5k, so a $2k profit, while buying 103 shares would net you $1750. + +The final situation in which the price rockets to something stupid, say $200, you still profit the premium but miss out on a ton of potential gains + +Have I made any glaring obvious stupid mistake? It seems to be a nice way to get into stocks you really want to own while giving you higher profitability and lower risk in most situations. Finally to add, you do need some decent IV to be able to get a premium that’s much greater than put price - stock price + +Thanks! +Based on my searching around for possible ways to do passive investing in emerging markets (China, Brazil, South Africa, Indonesia, Taiwan, etc.), very few options are available. + +1. Mutual funds based in India that invest in US-based ETFs (Edelweiss, HSBC) + +2. open international broker account (interactive brokers? Vested?) and directly invest in those ETFs + +3. go the GIFT city route through the BSE India Inx Global Access which is not very popular for some reason. Also, it’s not very clear what the process is, or if it even is better than the directly creating international brokerage account. The problem with opening an international account is that of taxation whereas this problem may not appear if you go through the BSE India Inx GA route (not sure about this) + +Looking to get thoughts on this. + +Also, what is you opinion on which emerging countries would be good to invest in for the next 20 to 30 years timeframe? + +Thanks! +Hi there, + +I was wondering, what is the methodology for calculating life insurance on yourself, when you are a young professional in your thirties and you have two old parents (near 60 or older) who are dependent on you and whose medical bills keep on increasing over time? + +If I knew how the calculation was done, I could calculate it for myself. + +Also, please note that although getting lots of life insurance like 1-2 crore is obviously ideal, but this is not realistic for low earners earning Rs 30,000 to 40,000 and for whom a majority of their income is going to expenses. So I need to calculate the optimal level of life insurance to take out. That is a realistic assessment of your circumstances and getting the insurance that you need at a minimum and not aiming for large amounts where you will struggle to pay the premium. +I went to Yahoo to check the futures... Im literally writing this now... + +I see some FUD.... but for another stonk.... + +So... Im like... lets check this FUD out... see whats going on... + +[https:\/\/finance.yahoo.com\/news\/rite-aid-stock-crashes-20-after-wall-street-analyst-says-retailer-could-go-out-of-business-185802344.html](https://preview.redd.it/eajmth6z87s81.png?width=640&format=png&auto=webp&s=0b44312e2feac82ea80fd9ff40be2fb95302ea7f) + +**So... Im like... this is some serious FUD... like who is bashing Rie Aid so much?** + +So I click, and low and behold... its Yahoo's number 1 shill and a Superstonk Favorites "Brian Sozzi"... + +**Let me show you some of Brian's GME posts...** + +**Brian... your'e so f##### buddy...** + +[Yahoo Fud Master Brian Sozzi... ](https://preview.redd.it/jdhlrztya7s81.png?width=546&format=png&auto=webp&s=e8b1241222459a809b9599105aa869f482c53fdd) + +He trashes GME alllllllll the time..... + +https://preview.redd.it/k0ktkdk0a7s81.png?width=801&format=png&auto=webp&s=02c4e1f5bc6a4b892e0b56f472acbb3fc11ab7fb + +https://preview.redd.it/3c8f2ov1a7s81.png?width=791&format=png&auto=webp&s=c79f50e1246dd6027108080a06c5f7906ae66829 + +https://preview.redd.it/w5fy2ed7a7s81.png?width=785&format=png&auto=webp&s=cc999811c77a7d2dfe6a943888a5e516dbd36870 + +**And recently he has bill gross on... they since changed the story - They don't brag about his $10 million gains in GME anymore as a short - because I called them out on it on twitter, because they didn't disclose that GROSS had a position in the March 29th Story.** + +[This was edited from the one below... ](https://preview.redd.it/hb3qomesa7s81.png?width=886&format=png&auto=webp&s=7268c41559be330ab298d1357a96451a50eb6c83) + +More on Bill and Brian Below.... + +&#x200B; + +[So thats all removed now... But I save Copies... ](https://preview.redd.it/hc985pabb7s81.png?width=721&format=png&auto=webp&s=0c77a87167e18e322ecc37fdc276d10cece68b09) + +**Anyway back to Rite AID....** + +**So I click...** + +[Stock traded from $90 to $7 in 5 years... ](https://preview.redd.it/k768t6rkb7s81.png?width=1136&format=png&auto=webp&s=22f95fbeb90cc6a287d47dcf2cd324ae45ed8be8) + +FUD + +[And then more](https://preview.redd.it/abg873uqb7s81.png?width=784&format=png&auto=webp&s=a2615b661f771d3171f85c63b77c564b522d6a1e) + +[More](https://preview.redd.it/xtltbzfzh7s81.png?width=668&format=png&auto=webp&s=844682a11d3de5dc29921da22071411c0a106906) + +So i'm gonna say who ever is shorting GME. is also shorting Rite AID... and using BRIAN again... + +Lets check Citadel... + +[YEH THOSE PRICKS OWN IT](https://preview.redd.it/n6iicv9hc7s81.png?width=1029&format=png&auto=webp&s=687767fb0d0822c9dc3161daab037129e35fc3f1) + +[https://fintel.io/so/us/rad/citadel-advisors-llc](https://fintel.io/so/us/rad/citadel-advisors-llc) + +[https:\/\/stockzoa.com\/ticker\/rad\/](https://preview.redd.it/6oxgxgv9d7s81.png?width=1193&format=png&auto=webp&s=22b13d37e0609e2fa7ad43efe796ad5751de4a71) + +A look at the volume - looks just like GME - + +[https://finance.yahoo.com/quote/RAD/history?p=RAD](https://finance.yahoo.com/quote/RAD/history?p=RAD) You get a big day every now and then just like GME and the others. + +&#x200B; + +[They did 20 Million Shares today](https://preview.redd.it/dhrdn5hqf7s81.png?width=898&format=png&auto=webp&s=6254ffee65ef9f4173e1ad1393e6a2184bb75fc2) + +[13 Million on Dec 21.... ](https://preview.redd.it/17ri9efpf7s81.png?width=906&format=png&auto=webp&s=ee3a2a63b9716fdc063df5d9c147cd62234947f7) + +The Algo sprinkles the shorts in on these big days... (speculation) + +[BCG had eyes on Rite AID back in 2016](https://preview.redd.it/qlvg9jhhd7s81.png?width=990&format=png&auto=webp&s=0c8cf3af06c4db7023265c3d15dc3db55feb3c38) + +**TLDR: I accidentally discovered a new basket stock - Rite AID or RAD. This Links Yahoo and Brian Sozzi to Citadel and Friends... the only definitive piece missing is the BCG connecting but i have 125k DRS's apes who can help me find...** + +This is proof that whoever is feeding Brian the FUD for Rite Aid, is also doing it for GME - remember Yahoo is owned by Apollo... Leon Black... + +Just incase your'e not sure... people say he was Epsteins best friend... + +[Well is Wall St says he's clear I guess he's clean... LMAO... ](https://preview.redd.it/dqiemke2e7s81.png?width=1111&format=png&auto=webp&s=7c21cd871bddde200164fd41428d68bcfe7ff48e) + +[Apollo runs Yahoo... ](https://preview.redd.it/nm5j048di7s81.png?width=622&format=png&auto=webp&s=d7db27d37f92c0d1d02f874d7fa717b28422e698) + +**DEAR SEC, DO YOU WANT ME TO DRAW YOU A LIL PICTURE? WITH SOME WORDS.... ABOUT WHAT I FOUND... THAT MIGHT HELP YOU SMOOTH BRAINS OVER THERE -** + +THE ONLY THING MISSING HERE IS THE LINK TO BCG FROM RITE AID - BUT ITS CLEAR AT THIS POINT THAT SHORTS ARE USING BRIAN SOZZI AS A FUD MASTER... OPEN TO FEEDBACK AND SHILLS... give me your best shot... + +**EDIT -** these guys are long the stock so they can manipulate it - they are also long gme and others - + +RITE AID IS A COMPETITOR TO AMAZON \_ + +Apes, I do these DD's in 20 mins in my underwear on a laptop... if the SEC really cant figure whats going on... we need a new SEC lmao mayo man mayo boy... + +Rite aid is about to die - we need to save Rite Aid !!! Let’s talk to the sec and ppl - send to doj - send it - + + +And get this / they sold 20million rite aid today - who wants to bet gme gets smoked tomorrow before close ? This is where citadel keeps getting the money - how many other shorts are they working ? + +If Ken has to close all the shorts when gme moons- he’s done - it’s game over Ken - rite aid alone would prob ruin you if you were called- +AT&T is predictably taking a beating in their share price today. How long do you think that drop will continue for, and how long before it recovers? + + +I see lots of pros and cons to this whole merger, but I don't want to sell at a loss right now. I think I may sell out if it recovers back to the green, and then reallocate those funds into my other holdings. After the deal happens, I expect AT&T to fall significantly, and then I may buy back into it at that point (the yield will still be decent). +I’m looking at Wells Fargo, Bank of America, Citigroup, or TD Bank. I want one I can buy and hold for decades. I’m attracted to Citi at its current price and good yield but I believe Bank of America is also well placed to deal with increasing demand in online banking. TD bank is insulated a bit from US fed decisions and Wells Fargo has been generally good to me since I got into it a few years ago. +My RRSP is managed by an advisor at Canada Life, who has given me pretty shady advice, put me in a DSC account (so I can't even transfer out of his management without incurring heavy penalties). My investment has gained only 2% in the 10 years I held the portfolio (again, why I say this guy is shady - either he has no idea what he's doing or he just doesn't care. He gets paid either way). I have minimal financial knowledge so I trusted him and was very hands off, just let him invest in whatever he suggested. To be fair, that's why people like myself hire advisors - if I was so knowledgeable I wouldn't need his advice, but I guess my fault for trusting him. Anyhow, My questions: + +1) Can he be fined for screwing me like this? Or is there really nothing I can do about it, except transfer out? Not sure how much financial advisors can be held liable for making poor investment choices by nature of profession... + +2) Can I get rid of him, and take over the account myself? Or does the DSC lock me in to him? (I know I can't transfer out of Canada Life, but not sure if I have to stay with an advisor or not) The MER fees on this account are INSANE btw - I'm hoping I can reduce those fees by taking over the account myself, but not sure if that's an option. +I gave notice 5 weeks ago, and today they fed me cake and kicked me out. The farewell party was more fun and less awkward than I had feared. + +I'm about as stereotypical as it gets on this sub. 37M engineer, 15 year career doing R&D for a giant corporation. Wife worked for the first couple years, then was a SAHM for our 4 kids. I went to school on a scholarship but my parents gave me the money they had saved for my college anyway, so between that and the second income for a few years we had a huge headstart. We're both frugal by nature and have had a SR over 50% for my entire career. I've been borderline FI for quite a while, part-time for the last 3.5 years, since my youngest was born, but now I finally consider myself RE. + +It was easier to tell people I'm going into teaching, so that's what I told people. I enjoy subbing and volunteering in the schools and I might even get a certificate, but for now I'm taking the summer off to camp, go backpacking, and catch up on the HoneyDo list. + +Wife still works one day a week and I do expect to have a little side income, but ignoring that the WR is a bit under 4%. We give a lot to charity, so I have some flexibility if the long-awaited crash actually materializes. + +I turned in my badge less than an hour ago, so I'm still waiting for it to feel real. Maybe Monday morning it will finally kick in psychologically. + +Anyway, it's a happy day. Thanks for letting me share:) + +ETA: Lots of people asking about health insurance. That was the biggest concern. I'm in upstate NY, my kids will cost $27/mo total for CHP, and my wife and I will pay $800-$700=~$100/mo after Obamacare credits. Next year when I don't have 5 months of salary we'll qualify for an even cheaper plan. + +ETA2: This is reaching outside the regulars of the sub. Google "the shockingly simple math of early retirement" and click the Mr money mustache link, and "the ultimate guide to safe withdrawal rates" and click the early retirement now link. Those two make a good primer for why what I'm doing might not be crazy. + +ETA3: It turns out about 5 years ago I outlined my own plan for getting at retirement dollars before age 60, so for those who are wondering how that's possible, check out: https://www.reddit.com/r/personalfinance/comments/1ot49l/tips_on_saving_for_a_frugal_early_retirement/. + +ETA4: Several people have requested some numbers. I typed it all out, but I can't bring myself to post it, not sure why. Self-conscious, or feeling a need to justify/explain stuff, or something. Here's the best I can do (and even this is making me uncomfortable for some reason): + +|Year|Age|Assets|Comment| +|---|---|---|---| +|2003|22|~$100k|Got married! Started working in 2004, wife was already working in 2003| +|2008|27|~$250k|By dumb luck we liquidated stocks to pay off our first mortgage, dodging some GFC, but still, that year was tough. I got ulcers. Stayed 80/20 for as much of the recovery as I could, but eventually (2011ish?) went to 60/40| +|2013|32|$620k|Started reading MMM around this time, and planning for FIRE. Went 65/35 around 2015ish| +|2018|37|>$1000k|Hitting $1M was a major milestone, and when I really started researching health insurance outside work (which was my wife's main concern since 2013)| + +We decided to do it this year in February, and I gave notice in April. I'll keep things brief here, but if you want more details, [this](https://www.reddit.com/r/financialindependence/comments/7oq4le/anyone_with_kids_and_a_wife_fire/dscjx82/) is a good place to start, I guess. +Intel Corporation announces that Matt Poirier has been appointed senior vice president of corporate development, effective May 31, 2022. + +Intel Corporation today announced that Matt Poirier has been appointed senior vice president of corporate development, effective May 30, 2022. Poirier has more than 20 years of leadership, finance and corporate development experience with a focus on mergers, acquisitions and integration, including most recently as senior vice president of strategy and corporate development at AMD. + +LOL + +Invested in Intel because of the valuation but love that they start stealing the good folks from amd :) + +Edit: AMD people don't be offended. If you care so much your probably didn't invest because of valuation and believe that my post will affect their brand. Sad.. I'm not a big Intel player either. I believe that the whole sector gonna rise. Amd on hype and Intel on undervaluation. Damm, Intel has always been a more safe play, even when it comes to building your own computer lol +**INTRODUCTION** + +Hello Apes! I’m here to shed some light on a topic that’s been bugging me for a while now, namely, why so many of the so-called “meme” stocks move together, and how this ties into GME’s price spikes (or lack thereof when they’re expected) and how it might all tie into the Reverse Repo Facility and everything else we’ve been seeing. + +This write up is basically going to show how, in 2020, in the wake of the COVID crisis, short hedge funds and possibly other entities tried to take advantage of the crisis to short multiple vulnerable companies, especially GME, into oblivion by bundling them together into a group of shorted stocks. This locked these stocks’ fates together, as they were sold as collective short positions to the buyers of the shorts. Think of it like a private, hedgie-only, off-market, short position ETF in a way. + +Some basic terminology for smooth brains: + +- Derivative: A financial instrument that gets its value and other properties based on an underlying asset. Options, for example, are derivatives. LIke, if I buy a call, I’m betting on GME. The value of the option is DERIVED from the underlying asset, GME. If I bundle a bunch of GME puts and sell them as a group, then that GME-Put-Bundle is a derivative of GME. Make sense? +- Swap: A swap is a type of derivative where two parties exchange assets or liabilities from two different financial instruments. They literally “swap” assets. So, for example, Melvin might be selling a bunch of GME shorts, so they trade them for US Treasury bonds (an asset). + +Now, please understand that my background is not in finance. I’m a physician. I’ve read the White Coat Investor blog for a few years (a decent site to learn about very basic investing, aimed at medical professionals), but prior to January I was pretty naive. I’ve learned a lot since then, but I’m hoping some actual financial professional wrinkle brains can spice up my thesis here with some more wrinkles. + +I’ve been musing for a while that all these “meme stocks” must be part of some group. Nothing else explains why they all move together so often. Nothing else adequately explains the magnitude and synchronicity of the movement of that many diverse stocks. Retail can’t possibly be moving that many stocks at once, and many of them aren’t even known until they’re already spiking. I remembered The Big Short (and real-life 2008) when they were bundling the junk mortgages into derivatives called “tranches” or CDO”s or whatever, but I wasn’t sure what you’d call it if you bundled a bunch of short positions together. + +I did some research and found an article that actually mentioned a derivative instrument called “Total Return Swaps”. Apes, I give you the [Wall Street Journal](https://www.google.com/amp/s/www.wsj.com/amp/articles/gamestop-resurgence-reinforces-new-reality-for-hedge-funds-11614335400) + +>Another lesson from GameStop is to avoid disclosing certain holdings so as to not attract attention from opposite-minded investors. One strategy is to use so-called total return swaps, in which investors pay a bank a fee to earn returns on certain securities but don’t actually own those securities, eliminating the need for disclosure. + +And + +>A hedge-fund manager with $2.5 billion in assets under management said he now uses total return swaps 80% of the time, up from 50% before GameStop. He avoids buying put options, which give investors the right to sell stock at a certain time and price and must be disclosed, and times his trades to minimize disclosure at quarter-end. + +I also found this [Bloomberg article from January 25th](https://www.bloomberg.com/news/articles/2021-01-25/gamestop-short-sellers-reload-bearish-bets-after-6-billion-loss) + +>A Goldman Sachs Group Inc. basket of the most heavily shorted stocks rose as much as 4.5% in New York Monday. + +A “basket of heavily shorted stocks” from Goldman Sachs you say? Interesting. Not Melvin. GOLDMAN SACHS. The Big Boys. + +So, now we know that this is definitely something they do, and if the one hedge fund manager from that WSJ article is to be believed, it is extremely common. + +The final confirmation for me came just this week, with the Credit Suisse letter many of you have no doubt seen by now in this post here: https://www.reddit.com/r/Superstonk/comments/ou879r/gamestop_mentioned_in_new_credit_suisse_filing/ + +The letter specifically talks about Archegos entering into a Swap whereby they lost $800M in the Jan spike and would’ve been margin called except that Credit Suisse had $900 of margin coverage on hand from them already, which essentially wiped them out. + +**CHARTS** + +Now you might be asking, “Who else is in this basket with us?” Well, let’s take a look at some charts. Now, please note that I am in NO WAY advocating investing in any of these other shorted stocks. GME is the one true stock. I have no positions in any of these besides GME, nor will I. This is purely for informational purposes as will be shown in this analysis. + +Here are the charts for some of the stocks I’ve identified as being likely to be part of the GME Total Return Swap basket. These charts are all from Tradingview and are 6 month charts with 1-day candles. These are links to tradingview photos, but you can go view your own charts directly if you wish. + +> GME: https://www.tradingview.com/x/vhJ5ihO8/ + +We all know this one. The first runup is roughly starts around 1/20-1/21, picks up steam starting on 1/22 and peaks on 1/28. We have a second small run up on 2/24-25. A third on 3/8-3/11. April was mostly a dud with a couple of small green days on 4/14 and 4/26-27. Then the late May-June runup from around 5/25-6/8 and 6/9. July was mostly a dud with small green days on 7/19-20. These dates are important because we will see them repeat across multiple stocks on around the same days. + +> Movie Stock: https://www.tradingview.com/x/7Zg8VMdn/ + +Oh, movie stock. First peak on 1/27, same run-up as GME. Then 2/24-25, same as GME. Then movie stock also has a bit of a run up from 3/8-3/11 (see that tiny red candle with the long stem on top), but nowhere near the scale of the GME March run up. Some green days in late April, peaking on 4/27, again, same as GME. Then, movie stock has a crazy run up in late may, peaking on 6/2. Then drops, then more green days in mid June, with a second peak around 6/15. Then another spike on 7/20-21, just one day off from GME. + +> K Headphone Company (Rhymes with Boss): https://www.tradingview.com/x/BluiVsRA/ + +This one tracks GME even more closely than movie stock IMO. Spikes on mostly all the same days. Chart should look pretty familiar. + +Ok, but all these are “meme stocks” right? It’s just the “meme” crowd as Jimmy would say. Well how about this one: + +>Wrestling Company: https://www.tradingview.com/x/krl0iYLy/ + +This one is actually what made me realize what was up. I didn’t even know they were a public company until their run up on 6/9, when I saw them showing up on hot lists. But look back at the chart. What’s that on 1/27? Oh, a price spike! They were part of the Jan runup the same as GME and all these other stocks. Feb 22-24? Check. 3/11? Check. They mostly skip April, then a runup from 5/22-24 same as us, then an insane peak on 6/9. What’s that in July? Green days on 7/21-22. + +Want some more confirmation bias? How about… + +>Eyes are good: https://www.tradingview.com/x/LKe9JM2d/ + +This one is fun. First off, this is a company trying to help blind people see. Fuck hedgies for shorting this. They seem like good people. Anyways, notice anything weird? No spike on 1/27-28. Maybe they’re not part of the GME basket. Well, look closer. If you look on the actual chart, you can see a gapped up red candle with extensions on 1/26 and green on 1/27, just a very small magnitude. But look at the other spike dates. Feb? They skip this one. March? HOLY CRAP. Same days as GME. Some nice little upward spikes on 4/20-22. Run up in late may, peaks on 6/8-15 ish. Very similar to GME. July 21-22? Check. + +>Investing Company Mortgage: https://www.tradingview.com/x/e7MoPWZZ/ + +How about another industry? Anyone ever heard of this company? I still have no idea who they are lol. Saw them on a hot list on GME run up days. Check the dates. Crazy match. They spike more than we do in Feb but same dates. They spike less than we do around 3/11 and do it 3/12-15. Their May run up is a week early, but their June spike is exactly like ours, 6/7-10. 7/20-21? Check again. + +>New Breakfast Item Computer Parts: https://www.tradingview.com/x/p6xvxRuP/ + +I find this one REALLY interesting. I had no idea these guys were shorted so bad until they spiked in early July. It makes sense under the “hedgies kill anything that competes with Amazon” theory. But check the chart. Spike on 1/28. Green days in early March. Nice run up on the April days. May 19-20 is a bit early but a HUGE spike, then drop. This one skips June, then just explodes in early July, peaking on 7/7, which doesn’t fit our pattern, but the 1/28 spike is dead on, and the other green days match pretty well even though the magnitude is off. + +But what I find most interesting about this one is what happened BEFORE the January 28th spike. If you scroll back on the actual chart, they also start having monthly spikes a while before this. Certainly starting on 10/26, then 11/25, then 12/10-11. I wonder what GME did on those days? 10/26 was a red day for GME, but 11/19-30 was a run up, 12/10 was green, then GME had good spikes on 12/22-23. + +Here are some others that follow similar patters to varying degrees. They don’t all spike every time, but green days usually match, and some spike days match. Some more than others. You can look through them. There are others, and there is actually another group that I think represents a second shorted basket that spikes on dates different than ours, usually 1-2 weeks later. Sun Dial is one of the more notable stocks from this group, for example. But here are some more potentials that might be in our Swap/Basket. There are probably dozens more, but these are some I’ve identified as possibly/likely in our group. + +Wishing Internet Apparal Company: https://www.tradingview.com/x/BA90UX7j/ +Yes We Can: https://www.tradingview.com/x/HQ7GnMug/ +Live and in person: https://www.tradingview.com/x/8C8bUoQw/ +Jack and Jill: https://www.tradingview.com/x/xdIvFIZd/ +Alternate Immunity: https://www.tradingview.com/x/WY4AOhTA/ +Orbiting Energy Company: https://www.tradingview.com/x/VgheijcH/ +4 Leaf Clover: https://www.tradingview.com/x/hknNxCx1/ +Blackberry Pie: https://www.tradingview.com/x/BWuzeAVV/ +Express Lane: https://www.tradingview.com/x/C2agqyQl/ +Biologic Teensy-Tiny Genomics: https://www.tradingview.com/x/i2bJFlkY/ + +**THESIS** + +GME and a list of other stocks were shorted in Total Return Swap Derivatives that were traded as a group on the private market among big players, hedge funds, and most anyone looking to take advantage of the COVID crisis to make some money. Which stocks probably made up the biggest proportion of the basket? GME, “the next blockbuster”, and Movie Stock, because movies are gonna bomb during COVID. Other retailers like Jill and Express were probably thought to be toast. An internet company that “wishes” to compete with Amazon and a Newly Hatched (get it haha) online retailer also competing with Amazon. All shorted together. + +Obviously they fucked up. They didn’t count on Ryan Cohen and DFV (and subsequently us) bringing GME back from the dead. I think the basket took some early injury when the Newly Hatched computer retailer started turning insane profits in mid-late 2020 when everyone was building computers and CPU’s and GPU’s were insanely hot. This caused some early wounds to their short positions, then when GME exploded in January it was all over for them. The entire basket blew up, and they had to start damage control. + +I do think *some* of these run ups in *some* of these stocks are partly due to covering action where they have to meet FTD requirements, margin requirements, or start to unwind their positions. If you think of the basket as one position with multiple parts, it makes sense to me that they’d be able to help stave off margin calls by covering and closing some of the smaller parts of their positions. So they’ve been doing some of that when and where they can, but rotating which ones they cover/unwind so that nothing spikes too heavily, and trying to avoid covering GME whenever possible because, well, we know the numbers. They simply can’t cover GME. They’re just buying time trying to stave off death at this point. + +But since their position has gone SO disastrously wrong, and involved SO many players taking short positions (probably most anyone interested in shorting), they are now on the hook for a TON of money. They need assets to offset the huge liabilities of these short swaps and avoid margin calls. What do they do? + +They (edit: not the hedge funds, but their bag holding large backers) go to the Reverse Repo and trade cash (a liability for banks, and note GS above taking positions in these swaps) for treasury bonds, which they can use to offset their derivative liabilities. This is why the repo market is spiking only after the GME/short crisis. This is how it all ties together. + +TLDR: Hedgies, banks, and MM’s like Shitadel shorted an entire “basket” of stocks (a “Total Return Swap”). This basket explains why all the “meme stocks” (and beyond) trade together and spike or have green days on similar dates. They don’t always match or line up because they’re breaking open the swap to cover portions of it to lower their liability as much as they can and are rotating what they cover when to avoid spiking any one thing too much. The large entities bag holding all of this are likely using the Reverse Repo to get T-bills to use as assets to offset their insane liabilities from the swaps. +I have seen all over the news of different celebrities paying exorbitant amounts for the Ape NFTs and it just feels super inorganic and forced. + +There are many celebrities that have supposedly bought these NFTs and now have changed their profile picture to the Ape they own. Some of the prominent ones include Future, Lil Baby, and Jimmy Fallon all spending 500K+. And while I don’t doubt they couldn’t afford it as they are all obviously multimillionaires. I do not believe they are actually buying them. + +My working theory is that they are simply getting them for or even getting paid to market these NFT’s and it’s just the NFT owners wash trading between their own ETH wallets to create Artificial demand and contribute to the price inflation. + +The most recent one I saw was Justin Bieber buying an Ape NFT for around 500 ETH (over 1 million USD). When the base price of the NFT was 250K. + +I refuse to believe celebrities at their own willingness are overpaying for these. Once again I understand that a celebrity like Justin Bieber could in theory afford to throw a million at something like this. But just doesn’t seem like something he would rationally do without ulterior motives. + +Welcoming any thoughts people have on this? Just want to disclaim I am not against NFT’s and believe the tech and potential of it is amazing, but the current use case is absurd and indicative of a artificially inflated bubble(this is coming from someone that made a few ETH flipping NFTs) +[Icahn’s Big Payday](https://www.bloomberg.com/news/articles/2020-08-11/icahn-scores-1-3-billion-windfall-on-bet-against-shopping-malls) + +Investor Carl Icahn’s bet on the downfall of brick-and-mortar retailers produced a $1.3 billion gain during the first half of the year. + +The profit came from a short position on commercial mortgage backed securities, Icahn Enterprises LP said Monday in a regulatory filing. Icahn’s publicly traded holding company has committed capital to his proprietary investment funds and thus reports on their returns quarterly. + +Icahn, 84, began making the bet, frequently called the “mall short,” in mid-2019 by purchasing credit default insurance using CMBX 6, an index highly exposed to shopping mall loans. The likelihood of defaults soared in March as the Covid-19 pandemic led to store closures and prompted more consumers to shop online, accelerating a trend already well underway. +Hi everyone. About 3-4 months ago I went on this subreddit to promote a free 10-week MOOC called "Introduction to Excel VBA Programming" that Cal Poly Pomona offered during this past Spring. 11626 people enrolled and 1829 (15.7%) made it to the end, which is very good for these type of courses (5-10% is typical). A lot of redditors joined the course and there were huge spikes in enrollment whenever I posted announcements on reddit. + +I just wanted to say thanks to the mods for allowing me to advertise the course and to all redditors who joined. If you missed out on this opportunity to learn the fundamentals of Excel VBA programming, the course will be reoffered as a free self-paced course in early August (hopefully by August 7, but it will depend on a few factors). At that time, you will be able to [access the course here](https://openeducation.blackboard.com/mooc-catalog/courseDetails/view?course_id=_219_1). The course will remain up and running for the foreseeable future. + +Here is a link to the [videos used in the course](https://youtu.be/fZU4RdvoPxg?list=PLZOZfX_TaWAGg2uE_E7fz5SCrHhMaKw8j). + +Enjoy! + + +Paul Nissenson + +Assistant Professor, Department of Mechanical Engineering + +Cal Poly Pomona + +I would estimate that I made somewhere in the ballpark of $35000 last year from this job and my W-2 states that I made around $8000. Sometime in 2019 around May I stopped getting direct deposit and started getting hand written checks. This did set off some red flags but I was assured by my boss that everything was on the up and up. Now I see it was not. The issue of my boss pocketing the tax money aside what steps should I take to make sure that I am not going to get into trouble with the IRS? Can I be held liable for something like this? +**BREAKING: The wallet is claimed to be another cold wallet, likely belonging an untagged exchange.** [**https://twitter.com/ki\_young\_ju/status/1549792335201959938**](https://twitter.com/ki_young_ju/status/1549792335201959938) + +Edit: The wallet sold so much that it's at 4th position, no longer "No. 3" + +Edit 2: 61k BTC has moved out the past 2 days. The wallet now has less total BTC than in 2021 + +Edit 3: The wallet currently has 0 BTC. At the same time, Elon Musk claimed that Tesla has sold 75% of its holding. + +For those who do not know, "Whale No. 3" is a well-known holder of bitcoin and has gotten famous due to the sheer amount of BTC and anonymity. You can check out their holding here + +[https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ) + +That wallet currently holds over 117k BTC (valued at 2.6 billion USD). Nobody knows if this whale operates as an individual or an institution but it has been active for multiple market cycles. + +Over the cycles, the whale has been rather accurate in the local tops and bottoms. During the summer lulls of 2021, it was accumulating. Then it started selling into Q4 of 2021. Some people keep 24/7 tabs on the whale's wallet activity using it as buy/sell signals. Sometimes the whale gets things wrong and loses (millions of USD ouch), but more often than not it gains huge. + +&#x200B; + +[a c c um u l a t e](https://preview.redd.it/drqb1mdpnmc91.png?width=716&format=png&auto=webp&s=ba28c3c9d189bc66d52d4fb638408e745e3d087a) + +During the past 1 month, when everyone was insanely bearish calling for 10-12k BTC, the whale was accumulating loads of BTC. Summing up to over 5k BTC. Congrats to people who followed the whale's decision. + +&#x200B; + +[yo chill out man](https://preview.redd.it/p3tzr20rnmc91.png?width=473&format=png&auto=webp&s=e0222c4b1188ac54312ed5c2655cf181e491953d) + +Today, it has just moved 15.5k BTC out of the wallet. It could be just a movement, but highly likely it's a sell. We are currently at major resistances at multiple timeframes, and this huge movement is piling onto the indicators. + +Well we all know nobody knows shit about fuck, I'm just here to report something which this sub doesn't seem to pay much attention to. +I'm curious if people are adjusting their strategies based on the link below. Main assumptions are that the 4% rule is outdated for people who may be having a 50 year retirement window and some deep dives into asset allocations both around equity and international exposure. + +https://investornews.vanguard/fueling-the-fire-movement-updating-the-4-rule-for-early-retirees/ +so i made this throwaway since i don’t like talking numbers on my real account. + +i’ve been part of this sub for years now and obviously know the importance of diversification. however it doesn’t mean that i listened.. + +in the past couple years i was part of a successful IPO. until that point i was always completely undiversified not by choice but because of a lack of exit opportunity. after over a decade i got used to this way of life. + +then the ipo happened and suddenly i had access to it all and it was all worth more than i ever dreamed. not only that me and most of my coworkers had complete confidence we were still largely undervalued and barely sold any if at all. + +right up until it happened i was so sure i would sell a good chunk of it and at least secure my original fatfire goal number. things were a little rough during lockup and i started to get a little numb to the prices because my NW was fluctuating so much. in any given day it could swing from a couple hundred thousand to over 5m in either direction. but after lockup and realizing how far above and beyond i went i started to feel safe and also didn’t want to pay taxes. i even thought more and more about borrowing against my shares to keep fully invested. + +things went well for a while and towards the end of last year i was celebrating passing the 70m milestone with 100m if i continued working and completing my equity package. but still i had so much confidence in it growing that i held on. i sold a little bit but not a large percentage at all. i had complete confidence my current position would get me into the 9 figure territory. + +this was the time i decided to pull the trigger on fatfire still undiversified. i left in a way that i have an option to go back but at the moment i’m out and free and it has felt absolutely amazing. that is until i lost over 65% of everything in the recent market hit. i wasn’t even able to sell as it happened due to insider trading windows. watching my account drop nearly 50m has certainly been a painful lesson. honestly i’m not that broken up about it because i’m still over my goal but it’s starting to cut it close. and yet here i am still holding on and waiting for the recovery. also since it never hit my bank account it still kind of feels just fake in a way.. + +i wrote this after seeing some other posts about the recent losses. i was stupid and was so sure of myself and my company that i’m still being stupid and holding on. i looked at every post on here for years and thought i wouldn’t make those mistakes. now i’m writing this just to get my story out and maybe convince the next person who had this kind of confidence to be a little safer. and also maybe to make a few people who lost less than me feel a little better. as some other comments said on the other posts it works until it doesn’t.. +Australia appears to have succeeded in flattening the coronavirus curve, but such an optimistic health outcome won’t prevent the economy from experiencing a deep downturn. Our base case anticipates the largest contraction since the 1930-1931 Great Depression. + +Significant stimulus — both monetary and fiscal — is cushioning households and helping businesses to survive and retain workers. Despite this, Australia’s small open economy has already seen considerable damage and faces headwinds from subdued global demand and trade. Significant monetary-fiscal coordination to provide further stimulus will be required to recover the economy over the years ahead. + +We anticipate three consecutive quarters of declining gross domestic product, with Australia’s economy contracting by 9% from 4Q 2019 before a gradual recovery begins in 4Q 2020. We do not expect a recovery to pre-outbreak level of activity until 2H 2022. +For 2020, our base case estimate remains a 6% contraction, unchanged from our previous projection. The better than expected virus containment would boost 2021 growth from 1.6% to 2.5%. A potential second wave of outbreak remains the main downside risk. +Monetary policy has shifted to support fiscal policy and foster financial stability. The overnight cash rate is expected to remain on hold through at least 2022, with ongoing quantitative easing to contain yields amid rising issuance as fiscal packages and automatic stabilizers kick in. +How far the unemployment rate rises depends on participation trends. Labor market slack is set to linger for years, which will depress wages growth and inflation. +Largest Financial-Year Contraction in Australian GDP in 90 Years + +Australia - Long-run GDP with forecasts +Australian Bureau of Statistics, Reserve Bank of Australia, Butlin, Bloomberg Economics +Australia’s apparent success in containing the coronavirus outbreak has paved the way for the economy to emerge early from an economic hibernation that was anticipated to last for six months. But this process is likely to be gradual, and won’t prevent a significant economic downturn. + +Compared to our previous forecast, what has changed is the extent and timing of the hit to the economy from measures taken to confront the health crisis. There has been a significant pull forward of retail spending 1Q 2020. This will weigh on consumer spending in 2Q 2020, creating a deeper contraction then. + +There is a non-trivial risk that the shopping splurge prevents Australia’s economy from contracting in 1Q, though we think this is unlikely given the possible declines in non-retail sectors of household consumption, and the broader economic activity. +We are now less confident in seeing the contraction in activity persisting through 3Q 2020. We currently anticipate a small fall in 3Q GDP, though this is highly dependent on how virus restrictions are unwound. + +The lifting of restrictions will enable businesses to restart. But stoking demand may not be as easy given hits to household and business confidence, and damage to balance sheets. Resumption of economic activity will also be accompanied by some unwinding of temporary fiscal measures, which could dampen incomes and demand. + +Recovery in Economic Activity Will Require Sustained Policy Support + +Australia - GDP Forecast profiles +Bloomberg Economics +As a small open economy, the weak global economic backdrop may also constrain Australia’s economic recovery. Further, risks of a second wave of outbreak —most likely imported — mean that restrictions on international travel are unlikely to be eased promptly. While Australia’s international borders will be kept closed for a further 3-4 months, the potential loosening of movement restrictions within “virus-free” zones, such as with New Zealand, does present an upside risk to the outlook. + +Preliminary estimates from the labor market confirm that containing the virus has come at a great cost. Despite the substantial fiscal response, the grim reality is that not all businesses and jobs will be saved. Fiscal policy will need to pivot from economic survival to stimulus and recovery as virus gets under control. + +The overhang in the labor market is likely to be more pronounced than traditional headline indicators suggest. Our forecast incorporates a sharp rise in the unemployment rate. But even still, the true picture of the shedding in labor demand, or degree of excess labor supply, is likely to be obscured by declines in participation and reductions in hours per employee. + +As assistance payments taper and social distancing measures are gradually wound back, labor force participation, and subsequently the unemployment rate, is likely to rise. The significant dislocation within the labor market will probably linger for an extended period even though economic growth may bounce back. The economy will have to “run hot” — or above potential — for an extended period to not only re-engage unemployed workers, but to absorb underlying growth in labor supply. + + +This will weigh on already depressed wage growth for an extended period. In turn, prospects for wage-driven inflationary pressures are dim. Firms are unlikely to face a demand environment that’s conducive to lifting prices for some time. This will in part be compounded by households seeking to rebuild wealth through boosting savings, which risks postponing or muting the demand recovery. On balance, these forces mean monetary policy will remain accommodative for an extended period, in coordination with fiscal policy. The stronger and more sustained the fiscal response, the faster economies will be able to heal. + +Australian Virus Recovery Scenarios + +Australia - GDP forecast scenarios +Bloomberg Economics +There are upside and downside risks to our outlook. Effective policy support in Australia, China and the rest of the world, could help the economy stage a stronger rebound. But the downside risks are considerable: + +Another flare-up of Covid-19 cases domestically could lead to Australia re-instituting another lockdown. Even assuming more moderate containment measures, the result would be a double-dip for Australia’s growth rate. We estimate that a second outbreak would prompt a contraction of around 3% in 4Q 2020, and lead to a contraction of 2.1% in 2021. +The extent of any scarring: Even after a better than expected resumption of activity and significant government efforts, the lingering damage to the economy may prove greater than we have assumed. Damaged household and business balance sheets could crimp activity, resulting in a longer-than-expected recovery. +On the upside, Australia could experience a better than expected containment and recovery. This could be further boosted by a potential twinning of Australia’s economy with New Zealand, which has experienced similar success in controlling the outbreak. The establishment of a “trans-Tasman bubble” which might experience more relaxed movement of people and activity could result in a stronger and and earlier recovery for both economies. + +James McIntyre is Bloomberg Economics economist covering the Australian and New Zealand economies. He has previously covered the Australian and New Zealand economies at Macquarie Bank and Commonwealth Bank. He also has a background across economics, public policy and politics through his roles in the Australian Treasury, the Australian Banking Association, and as an economic advisor in the Office of the Prime Minister. He is based in Sydney. + +https://www.bloomberg.com/news/articles/2020-04-28/australia-economy-news-deepest-downturn-in-90-years-is-coming?srnd=premium-asia&sref=s0L1qQ1H +Robinhood painted the picture Alex was absolutely FUCKED, so rather than fuck his family, he took his own precious life. He will NEVER laugh, or share in the awe that is life, EVER again. Yet all of you crooked fucks pretend it never happened. I hope GME moons. I hope it moons so twisted pawns and tools like you can be exposed and ridiculed like the assholes you are. RIp Alex, godspeed. +I am currently transitioning from being a student into full-time working life. I have been saving for years and have a few thousand in ETFs. One thing that's really starting to annoy me is that it's like I am being punished for being financially responsible. + +I am applying to 'public' young people (< 30) housing associations and one thing they keep asking is if you have wealth i.e money in mutual funds or shares. If you are considered 'wealthy' then you get less priority for housing. + +So basically if I received my salary every month and spent every cent of it or even just stuck the money in my bank account without investing then I am higher priority for housing than if I invested it??? + +To give examples: + +2k salary + 5k invested = no housing + +2k salary + 5k savings in bank = housing + +2k salary + fancy new car, no savings = housing + +Why should I be punished for investing my money and not spending all of it each month? It makes no sense. Is there a way around this? Can I claim that ETFs are not mutual funds or shares? + +EDIT: Obviously I am an idiot for questioning why people who make more than I do should have access to housing I don't just because they don't invest. +I have about 100k I'm looking to invest. Half the people here says it's a terrible time to invest, while others seem to say it's great. What to do? I was looking at VOO but honestly I'm freaked out by the recession +YouTube is a business. Think of all the financial gurus on there that tell you a bunch of crap and only a few of them are honest about YouTube being their main source of income. + +These new channels rising up over GME and others stocks are in it for building up an audience quickly and to get more views. You should not put your faith and trust in them nor watch what they do during the MOASS. They also can be bought. This is what Cramer's career on Television is. This is what they do. + + +Edit: Obviously **not everyone** on YouTube is this way. I'm just saying be careful and don't trust blindly just because someone says things you want to hear. + +Edit2:. Oh shit Warden Elite.... Lmao just got his AdSense and that's all he was wanting +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! +Kinda seeming like its taking a hard dip, im down about 1k in it. Is this a situation where its just better to hold and hope for the best based on its history or should i maybe pull out, reposition and eat that loss? (im only 25 and a 1k loss isnt anything too bad for me) + +$O is also one of my main dividend payouts so thats where im also felling like even if i hold over time if it stabilizes where its at overtime i still make my money back along as the dividends keep paying +So I earn 25k. This covers pretty much all my bills. I invest/save about 150 a month. This isn't enough to build up a reserve. Everytime I get 500 saved then the car needs fixing or xmas hits. + + I am thinking of getting a second job for a few months to bump up my savings. +... dominos have offered me interview for a driving job which is fine. Is it stupid to be embarrassed about working for dominos? + +EDIT: I really can't believe the response I have received and the private messages. Thank you for the massive confidence boost. I hope I did not come across as a snob I will be taking the job but I have also been contacted with a few other options as well - including leaflet distribution. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Hi. Ok so why is that the case? France's is around 7-8%. America's is around 3-4%.[https://www.nber.org/digest/dec02/whose-employment-affected-unions](https://www.nber.org/digest/dec02/whose-employment-affected-unions) Is it because of higher rate of unionization in France? +**First off I’d like to outline how I understand the current energy situation and as such can be corrected if my understanding is wrong:** + +The wholesale energy prices have skyrocketed on the global market due to the sharp shoot up of demand after the pandemic and failure of supply to catch up with it. In addition to this the war in Ukraine has also damaged supply capability. This raise in wholesale prices seems to be the main cause of the dramatic increase in energy bills faced by UK citizens. + +The UK is being hit particularly hard by the current energy crisis (even compared to other European nations) due to it being particularly susceptible to the rise in prices of natural gas. The UK relies heavily on natural gas, far more so than other nations, and has also failed to insulate houses leading to further energy inefficiency. + +Energy companies can roughly be divided into 2 types: suppliers and producers. Recently energy producers have seen a rapid rise in profits as the price increase has benefited them. However many suppliers have gone out of business or are struggling to turn profit as they are unable to pay the higher prices to maintain already small margins. + +**The question of nationalisation:** + +Could nationalising suppliers help to lower energy prices in the short term (and if not in the long term)? + +It would seem nationalising the energy suppliers would do little to lower energy prices as may of these suppliers run on small profits and the main source of cost seems to be the cost of energy itself (set by suppliers?). + +Could nationalising producers be possible and if it was could it help? + +I have seen people say that nationalising producers would be unrealistic as they are incredibly expensive and in order to have any real impact on the bills would require far more money than is possible. Is this true? Or could even nationalising some areas help? + +Also I’ve heard it said that we shouldn’t nationalise unsustainable fuel sources as they will hopefully be phased out soon. + +**comparison to other countries:** + +I have heard it said that nations that have large nationalised energy sectors are seeing a far less dramatic increase in energy bills as a result. A key example of this would be France with EDF. How come this was able to help France and is there anything the UK could learn from this? + +Should the UK perhaps start publicly owned green energy initiatives for the future? + + +I appreciate this is a long post with lots of questions within it but any clarification is appreciated. +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! + +My 18 year old daughter became interested in trading after seeing, and tolerating, me doing it for years. I told her if she practiced in a sim and was profitable with good trades(no yolos) and could consistently follow a strategy and show me a journal for 3 months straight. I would fund her a 30k account to trade with. I was careful not to try to “teach” her to trade or influence her thought process on it. Every trader needs to find what works for them. She really does not know much about the economy, nothing about the market, doesn’t really understand profit and loss statements. Doesn’t watch the news. But she was able to grasp a couple simple strategies on trend following from watching Oliver Velez on YouTube. And she understands red and green bars and how they may be likely to move in relaxation to a couple moving averages- at least for the next ten minutes. Since she has no emotional baggage about money or profit or loss, she is amazing at following her simple rules, taking her entry and applying a stop each and every time. A small loss rolls right off her back just like getting blown up in a video game. She knows she can just hit reset and enter another trade in a few minutes. Her performance is arguably better than mine. I am about to have to cough up 30K. If this could be an example for new traders, forget what you think you know about the market, forget trying to be a professional investor when you don’t have the skill. Find a very simple strategy, forget all the noise, and simply repeat it. Quit trying to make big profits or emulate traders and the large profits traders post who have been trading for years. I think if more traders did this a lot of market tuition could be saved. (Edit: Before you think she has too much privilege, I am a capitalist, she needs to give me some profit split initially as payment to me loaning her the trading capital.) +Looking for suggestions on higher cash flow California real estate investment ideas? + +My wife is inheriting a $2.5 million California rental home, rents $5000 month but after reassessment for property taxes, yearly cash flow will only be $25,000. As we are retirement age, we’re not looking for high effort rehab or high risk. Our comfort level is paying all cash for turnkey property or properties and using quality professional management. True California CAP rates are low, especially on inner Bay Area multi-units, deals are selling at 3-3.5% CAP on current rents with professional property management. + +My ideas +1.) Buy five or six single-family rental homes near a CA State University, such as Sacramento State. CAP rate estimated 4%. +2.) Buy approximately 20 to 25 apartment units in outer tertiary market such as Yuba county or similar. Focus on well-maintained buildings and section 8 rents. CAP rate estimated 5.5%. + +Any better ideas from this fine group? +I'm curious, how many of you utilize buying calls and puts as part of your long term investing methodology? + +I know this is not a trading sub, I personally just buy and hodl stocks, I used to trend and swing trade but I never touched options. + +It seems like wealthy investors who probably don't consider themselves traders, take positions using options. + +I get the impression, or maybe misguided impression, that financially savvy investors and traders alike end up "graduating" to options. +I recently moved out of my moms house to somewhere much closer to work. Even though I’m paying more in rent, I’m saving money by spending less in gas and by cooking food instead of eating out. I’ve been putting away 10% of my income and whatever “extra” income I get. + +Today I’ve finally reached $1k in savings and I feel like I can only go up from here. This $1k is money I don’t need to spend immediately, and it feels amazing just to say that. I’ve been working so hard on self-improvement and financial responsibly and I’m seeing it pay off. It’s just the best. + +Now that I know I can save $1k, $5k is my next goal. + +I make around $54k annually, but poor money management and traveling long distances drained a lot resources. Now that I’m closer to work, have my own place, and cook my food; I finally can start to save money. +I've been holding since the second peak of Mt. FUD in January. Catalysts came and went, and Shitadel shorted GME to hell and back, every. single. time. I said this months ago now, but I'll say it again: You almost have to give Shitadel some credit for their relentless consistency and adherence to strategy. In the light of how absolutely futile their efforts are, they are in fact, more retarded than we are. They'd gladly YOLO the entire US economy into the blackhole that is GME, if the DTCC, OCC, and so on hadn't gone "OH FUG :DDD Shitdal gone nuglear xDD" and slowly tried to cover their own asses in time. + +Now the sad thing is that Ken is probably not checking GME as feverishly as apes are. He's probably way more busy gobbling schlong on people that he needs to stay good friends with, while moving wealth into IRS havens. Shitadel's HFT is probably more or less fully automated and operated by someone else. The algo they got running doesn't care about anything, and it will just attempt to keep the price at target price while executing the daily manipulation. It's quite literally just programmed to kick the can day after day after day, no matter what. **This does not change on catalyst days, it only appears to get instructions to be way more aggressive.** Regarding catalyst / good company news days, this just seems to be the standard mode of operation. When I first began, I read comments on other investing subs that it's normal for stocks to dip after good news, decent earning reports, etc, on the reasoning that "better performance was priced in and now its correcting". Bullshit, I'm 100% convinced it's HF and Market Maker short strategy to earn money on retail investors (obviously not 100% of the time). + +But okay, so here's the point: Shitadel is not gonna let a random ass day be the reason they throw in the towel. Ken would probably use his wife as collateral at a sleazy pawnbroker run by sex starved degenerates without blinking, if he could use that money to stay in the game. They have to be forcefully liquidated by external forces putting a foot down saying enough is enough. Anything that costs them money that can be delayed, will be delayed. Anything that costs them money that can be avoided, will be avoided. They simply do not fucking care about the days we look forward to, only in the sense that have to short more aggressively. + +GOOD "NEWS": Shorting GME is extremely expensive, and the financial world is waking up to this fact now. Shitadel is, according to our DD, standing in shit to the nose and the rate of change in daily GME costs is increasing EXPONENTIALLY FOR THEM. The only way to avoid paying back a loan, is to take out a larger loan and use that to pay off the original loan. Every loan that they cannot pay back, they either let eat at their finances, or they cover it with a larger loan until that one also begins eating away. This exponential behavior is slow, initially, but eventually the rate of change will be so fast that Ken will not be able to blink as fast as the zeros adding onto the % change. It's entirely possible that Shitadel could have some last hail mary (oh how many times I've heard this one too) stored away for such an occasion, but as always, they are fuk if retail does not sell. You mostly likely won't have to wait years for this. + +TA;DR: Shitadel doesn't care about catalysts like the shareholder meeting. They won't stop until forced by others to stop, which will happen because it's very expensive to short GME. +I see a lot of SCHD talk in here, is that a viable investment for starting now? If so, what compliments their investment portfolio well so I avoid overlap? My ignorance has also lead me to MO and KMI as possible buys.. seem to be consistent throughout history with a few big falls (vape ban for MO), but energy conveyance and addiction seem like strong contenders… any suggestions?? Any and all input welcome! +I live in NY, which is a state that is consistently raising the minimum wage every year by 70 cents and aspires to get to a 15$ minimum wage state wide. Personally, I work an entry level job in the medical field that requires some training and get paid close to 15$ an hour. I consider my job to be fairly stressful with a good amount of responsibility. If a Cashier at Walmart is going to get paid what I get paid now, how is that going to affect the work force? Is my employer expected to give me a substantial raise ? Wouldn't that just cause more inflation ? Moreover, how are small businesses going to be affected when you have a minimum wage as high as 15$ an hour ? +Seeing as it’s more efficient, the industry is pretty untapped and new (I think), and the world will run out of oil in <50 years, it seems like a good idea? +Plus, there is a lot of political pressure for renewable energy, and it’s becoming more and more common. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am following this stock, and for the last two weeks, Motley has come out with contradictory articles. One second they say it’s a buy then they say avoid it. Complete BS. They are just writing words for the sake of getting content out there, not to provide real value. Changing your opinion is good, don’t get me wrong, but if you do it every new article you write then you need to do better research. +&#x200B; + +* **June 10 Option Flow Data:** [https://pastebin.com/mhme02mt](https://pastebin.com/mhme02mt) +* **Source:** BlackBoxStocks. + +I just want to say, i hope that slightly more wrinkled apes than me can take a look at this data and give their opinion on what we're seeing here. I'm pretty sure this is Married Puts / Synthetic Creation. + +I'm 99% convinced this is what's going on here, but i'd feel better if a wrinklier ape could corroborate what i'm seeing here. + +https://preview.redd.it/62n1kbz14n471.jpg?width=638&format=pjpg&auto=webp&s=01a700be2c7332ecc10a2c4806cfb4141b1177d9 + +# Their telegraphed punch + +Yesterday June 10 they telegraphed their moves as clear as day when they performed the 2 trades marked in red. Basically they did these 2 huge trades as clear as day for everyone to see. My [https://en.wikipedia.org/wiki/Jacques\_Tits](https://en.wikipedia.org/wiki/Jacques_Tits) + +Here's their 2 large moves. We're going to anal-yze them further below. + +[\( ͡o ͜ʖ ͡o\)](https://preview.redd.it/2mzmc506tm471.png?width=1617&format=png&auto=webp&s=6a55b98516da3b035a83b5940b31413a89cd6097) + +&#x200B; + +# Let's Zoom In + +Let's check those 2 trade spikes for 3000 contracts on the PUT & Call Sides. Looks suspiciously a lot like married puts and/or creation of synthetics. + +[\( ͡o ͜ʖ ͡o\)](https://preview.redd.it/ouvjh8f8um471.png?width=1616&format=png&auto=webp&s=bd8facc0b3da83d5bc3c5044dfe0c919794d3783) + +&#x200B; + +# Let's Anal-yze + +* **Days to Expiry:** 1 Day (To keep contract costs low) +* **First Trade Timeframe:** 12:32:22 at a spot price of $242.95 +* **Second Trade TimeFrame:** 12:46:11 at a spot price of $237.52 + +&#x200B; + +[\( ͡o ͜ʖ ͡o\)](https://preview.redd.it/rbnljgjlum471.png?width=1616&format=png&auto=webp&s=3de11a1510cbb84779aa8ccaef19611585daaa3b) + +[\( ͡o ͜ʖ ͡o\)](https://preview.redd.it/oqpaeh65vm471.png?width=2349&format=png&auto=webp&s=3bbd5fbf06b919d1a98044e0741900f2e4f7c9d9) + +LOOK AT THIS SHIT. CLEAR AS FUCKING DAY. ( ͡o ͜ʖ ͡o) + +&#x200B; + +&#x200B; + +# GME Minute Chart - Orders Execution Point + +[\( ͡o ͜ʖ ͡o\)](https://preview.redd.it/x65y33uoxm471.png?width=2106&format=png&auto=webp&s=498a029ebbbbb3d1cb12f982fddf4899d12f43d1) + +But wait. The price of GME was already dropping before they even did those orders. Why? ( ͡o ͜ʖ ͡o) + +&#x200B; + +&#x200B; + +# Max Pain - Intra-Day and Intra-Week + +Regular Max Pain on websites like swaggystonk is calculated using the Open Interest on options at the end of each day. It averages 5 days worth of Open Interest and gives you literally an average. It's a useless metric in my opinion. + +I went and took each day's open interest data and already showed in my previous DD that it's an accurate measure of GME's daily price movement. + +Right here i'm going even deeper, into intra-hour(Intra-Day really) Max Pain and this... it explains the downwards price movement as well... + +&#x200B; + +**June 10 - Hourly Max Pain** + +[Sorry for the sloppy graph, but i wanted to get this shit out as soon as possible. Some other ape can visualize it better for you. ](https://preview.redd.it/1kku2s6a1n471.png?width=1616&format=png&auto=webp&s=38531b2f0f164a21ab3f69ac5501ac4463060584) + +The gist of it is that above you're seeing the max pain price based on option open interest for EACH HOUR in the DAY. The Max Pain range here as you see matches almost perfectly yesterday's trading prices. + +Also here's another graph showing the Hourly Max Pain for the 9'th... and to be honest when i saw this i shat my pants and realized why they hedgies shat their pants too... you'll see... and it explains their desperation in doing illegal shit like married puts... + +&#x200B; + +&#x200B; + +**June 9 - Hourly Max Pain** + +https://preview.redd.it/kwf6aoku1n471.png?width=1618&format=png&auto=webp&s=b23d6162218e3b562d4dbff21e4df20dea78ba3a + +Yeah you're reading that right. Intra-Day HOURLY Max Pain 2 days ago was $333-$446. If i was a hedgie, i'd be shitting my pants too. + +&#x200B; + +&#x200B; + +# Conclusion + +I haven't got a system to calculate intra-day hourly Max Pain on the fly, but i think i'm gonna build one. I think i've discovered a market dynamic that they're aware of but we aren't (weren't). + +I think they've used Options to manipulate GME's price down in order to perform their can kicking and to save up a bit of cash on premiums. (Remember coke rat crummer's lessons on how to manipulate the price of something in order to buy in at a sweeter price). + +So yeah, apparently the shares they're borrowing are not being used to actually traditionally short... I strongly believe they are using them to as many covered calls as possible (Perhaps even all of them fully covered) and to do this Married Put / Synthetic shit... + +But if you're borrowing shares to do this shit with... you're just can kicking... If only there was a rule out there to fix all this... (Oh there was but it's sorta kinda almost maybe gone) + +&#x200B; + +**Please** + +I truly hope a wrinkly option ape can take the data i attached and use it better. I also have the full option data for the past 2 months for the ENTIRE market in a 90 Mbyte file. Ask me in a PM and i shall provide. + + +**Pretty please** + +I have conflicting information on whether married puts are legal or illegal. So far i'm leaning towards the side of illegality. If someone wrinkly can confirm this for me, i'll submit FINRA, SEC and FBI tip, but i need to be sure before i do so. + +&#x200B; + +[Random SR-DTC-2021-005 Shitpost](https://preview.redd.it/v3nhyt593n471.jpg?width=640&format=pjpg&auto=webp&s=0b8b0552b2dce52344b2e0dce09af24ba705bdd8) + +Tagging u/buttfarm69 for posterity. + +Also, my [Jacques\_Tits](https://en.wikipedia.org/wiki/Jacques_Tits) + +( ͡o ͜ʖ ͡o) (Related, it's my face throughout finding what i found and writing this post) + +^(I'm gonna sit back and relax for a while because this has my brain revving beyond the red-line thinking how i might have figured out the borrow rate manipulation as well as a bunch of other shit that i might literally be able to prove... I'll be checking my phone here and there but i expect to be out of action for the day after this shit..........) +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! + +Linear regression models are easier to implement, do not require any complex statistics libraries (OLS only requires basic matrix operations), need much less training data, can be interpreted and improved much easier and are less likely to overfit. They can approximate any non linear relationships with polynomial regression. Using some very basic OLS regression on market data to forecast furture market direction in matlab shows some very promising results. I understand machine learning is useful when you dont have a clear list of features but with algo trading you have so many features you can use that have clear statistical power (ta indicators, moving averages, past x values ext) it seems using deep learning for trading is like throwing away all the knowledge you already have and trying to reinventing it. +Seems like the market is ready to tumble anytime. + +I'm not going to stop maxing out my employer 401k match and will put in my $500 a month for the Roth IRA, but I'm not sure what to do with the rest of the savings these days. Previously I just put any additional savings in VOO and called it a day. +I think I'm pretty much topped out at making $35k a year without a degree. Which is...adequate, I guess? I feel like wasting my years working unskilled jobs that pay "good enough" isnt actually good enough, and since I'm finally at a point where I have a decent amount of money saved I could probably pay for college as I go instead of taking out a bunch of loans. So part of me thinks it could be a good idea, part of me thinks I'm too old. +I know that trickle down economics don't work. But I have a few questions. + +How is it supposed to work in theory? + +Why doesn't it work? + +How does it affect economies? +Enjoy the TASTE 👅 + +A static liquidity protocol with a purpose. + + +Giveaway details can be found on our Telegram channel ([https://t.me/TasteNFT](https://t.me/TasteNFT)), just join and type /ga\_rules into the chat for more info. + + + +➡️ Website: [https://tastenfts.com](https://tastenfts.com/) + +➡️ Telegram: [https://t.me/TasteNFT](https://t.me/TasteNFT) + +➡️ Twitter: [https://twitter.com/TasteNFT](https://twitter.com/TasteNFT) + +➡️ Coingecko: [https://www.coingecko.com/en/coins/tastenft](https://www.coingecko.com/en/coins/tastenft) + +➡️ TasteNFT Creators Announcement video: [https://streamable.com/xo9egh](https://streamable.com/xo9egh) + +➡️ TasteNFT Marketplace Sneak Peek video: [https://streamable.com/lu9fvx](https://streamable.com/lu9fvx) + +&#x200B; + + +Meet the dev team in our weekly held videostream AMA's and learn about exciting upcoming news live, you can also watch the recap of the latest video AMA via this link: [https://www.youtube.com/watch?v=TBd6y-4uOJc](https://www.youtube.com/watch?v=TBd6y-4uOJc) + +&#x200B; + + +🏅 Achievements since launch: + +\- 16500 HOLDERS + +\- 6000 TG MEMBERS + +\- MARKET CAP RECORD 20 MILLION USD + +\- LISTED ON COINGECKO within 14 HOURS after release + +\- LOGOs on PancakeSwap, PooCoin and TrustWallet 12 HOURS after RELEASE + +\- LISTED ON COINSBIT CEX after 4 DAYS + +\- #1 TRENDING on COINHUNT + +\- #4 TRENDING on STOCKTWITS above NVIDIA & GAMESTOP + +&#x200B; + +&#x200B; + +&#x200B; + +💳 Contract: 0xdb238123939637d65a03e4b2b485650b4f9d91cb + +💵 Buy on Pancake v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb) + +🔒 Liquidity locked for 5 Years: [https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC) + +&#x200B; + +&#x200B; + +💎 ROADMAP 2021: + +✅ Paid TechRate audit done ([https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf)) + +✅ CoinGecko Listing done + +✅ Coinsbit Listing done + +✅ Logo on PancakeSwap done + +✅ Logo on Trust Wallet done + +✅ Logo on Poo done + +✅ Website renewed + +✅ First exclusive NFT airdrop for Nude Art completed + +✅ Twitter giveaways with influencers (3 done, more to come) + +✅ Announced first contracted content creators for the NFT marketplace + +Upcoming: + +🟢 NFT Marketplace release (in progress, ETA end of June 21) + +🟢 iOS/Android Application to interact with the NFT marketplace (in progress) + +🟢 Paid CERTIK audit (in progress) + +🟢 CoinMarketCap listing (in progress) + +🟢 [Gate.io](https://gate.io/) listing (in progress) + +🟢 Cooperation with Crypto YouTubers (in progress) + +🟢 Cooperation with Crypto TikTokers (in progress) + +🟢 Cooperation with Crypto Instagrammers (in progress) + + +&#x200B; + +&#x200B; + +✍️ TOKENOMICS: + +SUPPLY 1 Quadrillion TASTE tokens + +BURN We burned 300 Trillion tokens before Presale + +TAXES 10% tax on all transactions with a redistribution of 5% to all holders and 5% towards liquidity + +MARKETING 52 Trillion tokens have been allocated towards Marketing and locked before Presale. 10% are released per week. + +PANKCAKESWAP LP Locked for 5 years ([https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC)) + + +&#x200B; + +&#x200B; + +Join us and don't miss this opportunity for massive gains. + +Non financial advice and DYOR! + So, I was vaping herb and thinking about Cocaine Cra's amusing meltdown this morning. I was struck with a weed-pifany: HFs thought we were "losing interest". Remember the "losing interest" articles that we were laughing at? They thought we weren't buying. RC dribbled 3.5M shares onto the market without *anyone* knowing. We didn't know. HFs didn't know. But now we all know. And HFs know for sure that they're fucked. That's why Cra-Cra shit his diaper on TV this morning. I wonder if these HF fuckers are ready to turn on each other. + +edited for typo +We recently had a yard sale and my wife sold a bunch of plants that she started as cuttings from her existing plants. We made $240 in a morning with most of it coming from the plants. Takes time and energy to grow them, but during the warm months it could yield a bit of cash. +We need to clarify some terminology. People get up in arms if someone (including ComputerShare) says this is a stock split and not a dividend. They are right. This IS a stock split first and foremost. It cannot be a dividend because a dividend would be a taxable event. That is why it needs to be processed as a stock split. So before you hit the downvote button, let me clarify a few things first. + +THIS IS A STOCK SPLIT VIA A DIVIDEND. NOT A DIVIDEND ITSELF. YOU ARE NOT GETTING EXTRA FREE DIVIDEND SHARES. YOUR GETTING 3 ADDITIONAL SHARES FOR EVERY SHARE OWNED AND SINCE THE UNDERLYING PRICE WAS DIVIDED, IT AMOUNTS TO A STOCK SPLIT. + +So, then why did GameStop include the word 'via dividend'? Because they wanted to make sure that the stock split happens for ONLY legitimate shares in the float. Unlike a regular stock split which would just multiply ALL shares including any phantom shares. This is a very important distinction!! + +&#x200B; + +**So what happened in ComputerShare?** + +\- ComputerShare has ONLY legitimate shares and they performed a stock split as per GameStops instructions. That's it! If asked they will say we did a stock split. Edit- to clarify they actually added three additional shares from GameStop directly for each share owned so it’s not like your original share owned was split. But, since the underlying price got divided, it amounts to a split. + +**So what happened in Brokerages?** + +\- They entered correctly in the system entry words like "Dividend" or "Distribution" or "stock split". All that is correct. However, they being part of the corrupt system have recorded it correctly but it's more than likely there weren't enough actual shares left so most likely, NO ACTUAL shares were delivered to them. DTCC gave them IOUs and they have given you the stock split VIA a dividend in your brokerage account but as always it's still an IOU. They multiplied it for any phantom shares as well. (Which I believe exist) + +&#x200B; + +**So what happened in Germany?** + +\- They did a regular stock split. Realized their mistake, Switched it to a Dividend (again wrong) because this would be a taxable event. They will now revert back to stock split...but noted that Shares need to be delivered (unlike the US system of IOUs) for this to be a stock split VIA a dividend (as per GameStop's instructions) + +&#x200B; + +**CONCLUSION** + +\-ComputerShare has done the correct thing. DON'T be outraged if you hear ComputerShare say "This is a Stock Split NOT a dividend". A dividend would be a taxable event. So, they are correct! It is a Stock Split but key word being, VIA a dividend. Which means only legitimate shares get the stock split. All shares in ComputerShare are legitimate so they don't have to say Dividend which is a taxable event. + +\-Brokerages as usual have given you IOUs but processed it correctly in the system. However, ALL shares owned by retail (including phantom shares have gotten multiplied). This is the part that is absolute wrong what the brokerages have done. They need to either recall shares back from the shorting hedge funds, get real shares from the DTCC or purchase shares from the market, so each Stock split (via) dividend is legitimate. Of course, they won't do that and just choose to give you an IOU instead. If you want to make the IOUs real...the ONLY solution for a retailer like myself is to DRS those shares to ComputerShare. They obviously don't want you to do that. Rather they would like you to get fed up and sell. But, that is NOT going to happen. + +So educate yourself on the terms and don't react unreasonably if someone (including ComputerShare) says this is a STOCK SPLIT. + +EDIT - since this is gaining a bit of traction. I just want to say that every share you own is real no matter where you bought it. it IS real. However, only way I personally can ensure it is real is by putting it in my name and DRS’ing. That is what I CHOOSE to do with my investment in this company that I love. I will continue buying, hodling, DRS’ing, supporting the stores and the marketplace, and I as a delighted customer and investor can’t wait for the immutable integration and to see the volume passing through the marketplace. + +As a side note - it will be interesting to see what the FTD data will be in the coming months. + +Edit 2 - I didn’t mean to imply ComputerShare cannot do dividends. They can do it as well. Not what my post was talking about. For those confused that why would dividends be taxable until you sell - You are correct it’s not taxable only in the sense that these dividend shares are coming as three additional shares for every share owned and because the underlying price is divided, it amounts to a stock split via dividend. So, not taxable until you sell. A traditional stock dividend share WOULD be taxable if these were BONUS shares AND the underlying price were not to be divided. So this doesn’t apply to us. That is why this is not a dividend in the traditional sense. It is a stock split VIA a dividend and the only reason to do this way is GameStop wanted to ensure that only shares in the legitimate float get the additional three shares. +https://www.cnbc.com/2022/03/21/powell-says-inflation-is-much-too-high-and-the-fed-will-take-necessary-steps-to-address.html + +>Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes an otherwise strong economic recovery. + +>“The labor market is very strong, and inflation is much too high,” the central bank leader said in prepared remarks for the National Association for Business Economics. + +>The speech comes less than a week after the Fed raised interest rates for the first time in more than three years in an attempt to battle inflation that is running at its highest level in 40 years. + +>Reiterating a position the Federal Open Market Committee made in its post-meeting statement, Powell said interest rate hikes would continue until inflation is under control. He said the increases could be even higher if necessary than the quarter-percentage-point move approved last Wednesday. + +>“We will take the necessary steps to ensure a return to price stability,” he said. “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so. And if we determine that we need to tighten beyond common measures of neutral and into a more restrictive stance, we will do that as well.” + +... + +>As he has before, Powell ascribed much of the pressures coming from pandemic-specific factors, in particular escalated demand for goods over services that supply could not meet. He conceded that Fed officials and many economists “widely underestimated” how long those pressured would last. + +>While those aggravating factors have persisted, the Fed and Congress provided more than $10 trillion in fiscal and monetary stimulus. Powell said he continues to believe that inflation will drift back to the Fed’s target, but it’s time for the historically easy policies to end. + +>“It continues to seem likely that hoped-for supply-side healing will come over time as the world ultimately settles into some new normal, but the timing and scope of that relief are highly uncertain,” said Powell, whose official title now is chairman pro tempore as he waits Senate confirmation to a second term. “In the meantime, as we set policy, we will be looking to actual progress on these issues and not assuming significant near-term supply-side relief.” + +>Powell also addressed the Russian invasion of Ukraine, saying it is adding to supply chain and inflation pressures. Under normal circumstances, the Fed generally would look through those types of events and not alter policy. However, with the outcome unclear, he said policymakers have to be wary of the situation. + +>“In normal times, when employment and inflation are close to our objectives, monetary policy would look through a brief burst of inflation associated with commodity price shocks,” he said. “However, the risk is rising that an extended period of high inflation could push longer-term expectations uncomfortably higher, which underscores the need for the Committee to move expeditiously as I have described.” + +>Powell had indicated last week that the FOMC also is prepared to begin running off some of the nearly $9 trillion in assets on its balance sheet. He noted that the process cold begin as soon as May, but no firm decision has been made. +I convinced a friend of mine to invest in GME last august. I thought the august run would be the last and didn’t want him to miss out. + +He doesn’t know anything other than his “GME shares could pay off his house within the next year.” + +That’s how I pitched it. + +Yesterday we were hanging out and he was bitching about GME being down 50% and that he won’t take investing advice from me anymore. + +Being how convicted I am. I wasn’t in the mood to hear it so I said: + +“Then sell it….” + +Know what he said? + +“Fuck no. I’m not letting you get rich without me.” + +He doesn’t know ANYTHING about GME. He doesn’t know about FTDs, swaps, baskets. He doesn’t even know what a market maker is. If you asked him about citadel he would say “what’s that?” + +Here is my point. The fear of missing out on life changing money is greater than the fear of losing whatever sum we have invested. + +They could take this shit down as far as they like. They could write any FUD headline they could think of. + +#We can’t sell our shares. + +Psychologically, from the wisest of apes to the people who just kinda heard about this and decided why not? + +We literally can’t bring ourselves to hit sell. I would almost say it’s impossible. + +If I was a shorting hedge fund or bank, I would be sick to my stomach. Because I would be totally fucked. +My dad died a couple months ago. The estate stuff took forever, but I finally started getting the disbursement. Dad worked in a transmission factory, so he wasn't wealthy. But he had a few hundred thousand dollars saved that are now mine. It'll be about $5,000 a month before taxes for five years. + +I miss my dad, but this is my way out of poverty. It's life changing. If I'm smart and I stretch this out, it's the ticket to paying off my debt, catching up on bills, and maybe going back to school. I can trade in my old beater for a more reliable car. This is literally the ticket to the middle class for me. + +So, I'm kind of happy and excited, but I still miss my dad, and I'm really sad that he died. And then I feel kind of guilty for being happy that my life will be better. + +I guess I'm just venting, I've got a lot of feelings right now and not much to do with them, and I'm not sure who to talk to about them. +Final edit: + +#GO READ AND COMMENT ON THE SEC RULE PROPOSITIONS! + +Edit: **if I missed anything, please let me know in the comments.** +Edit 2: [SEC comment link - please consider commenting](https://www.regulations.gov/commenton/EBSA-2022-0008-0006) + +You know what? Nothing confirms my bias more than censorship! + +Shorts didn't close, they are desperately fighting us now. + +No more arrogant remarks, no more shilling. Now it's serious. Watch as they will try to get this sub closed down soon. + +Some of the reddit a dmins must be compromised by now, it's evident by the amount of innocent people who just got banned for 3 days just now, even the historian. + +Even a mod here got temp banned! + +Also imposing draconian overreacing rules like the username thing. Obvious desperation. + +**Edit: recapping the new rules, that are for this sub only, if u didn't know:** + +- We can't mention other subs. + +- We can't mention usernames + +- we can't even mention the name of this subreddit, in this subreddit!!! (In screenshots) + +It's clear that the DRS rugpull ^(see footnote) was their last Hail Mary (you stupid fucks, lol) and now they have no more covert strategies - they have to go fight us in the open now. + +If it wasn't apparent before, it is now. No way there would be this amount of a dmin attention and censorship if shorts already closed their positions. + +They can't control the narrative anymore and now they have to fight dirty, out in the open. I wouldn't be surprised if the word 'DRS' was the next shadowbanned expression, causing autobot to delete half the contents of this sub. + +More risky for them. They are exposing their weakness. An honest a dmin could leak the damning information. The more they fight us, the more they reveal their fuk'd'ness and attract more GME investors. + +We are close! + +Merry Yuletide + +tl;DRS + +--- + +In case anyone wonders what I mean by "DRS rug pull": + +the theory is that hedgies either directly or by proxy had institutions directly register shares for the first two quarters (to throw off the estimates by the bot and scraper) and then pull them again from the DRS system in Q3 to make it look like DRS official numbers were falling. + +But try as they might, we still had an increase in DRS numbers, and as a bonus saw right through their shitty scheme. Needless to say, the rugpull didn't work, and now hedgies are bare to square one, as fuk as they ever was +This is gonna be a short post btw because I’m so fucking excited, also got a reservation at Casa Bonita tonight + +So I’m gonna start off by saying that I absolutely fucking knew RC would tweet this one day, I fucking knew it. It is the most legendary fucking thing ever, I feel like the whole string of South Park tweets is a big run up to what he’s just posted. I’m so motherfucking jacked rn. + +[Full clip of RC’s tweet](https://youtu.be/KeprIqxrDQo) + +Please navigate yourselves to 0:53 of the video and look above the blackboard. + + +I present to you, “Oh dios mio han matado a kenny” + +Which translated from Spanish is the iconic South Park phrase “Oh my god they killed Kenny!” + + +****My tits have exploded**** + +****UPDATE****: I may have come across another theory, Mr.Mackey (the teacher in the clip) is lecturing the children about drugs and how they are bad, yet in the same episode he is caught doing drugs and gets fired, RC could be saying that Gary Gensler is telling us shorting and dark pools are bad yet they continue to do it/let it happen. Plus he actually looks like him lol. + +****UPDATE 2****: I’ve just watched the episode (S2:EP3) and in this one Kenny died by falling into a hole being dug for a grave and got finished off by a tombstone. Wonder if this has anything to do with RC’s tombstone tweet 🤯. My tits are lactating rn I’m gonna have to stop looking into this. + +****UPDATE 3****: Well well well, convenient timing for Reddit to go down wasn’t it! Anyway………..we’re back! But for how long🤔 + +#WE LIVE IN A FUCKING SIMULATION IM SURE OF IT. TOO MANY COINCIDENCES +Why does MMM get hated on now? I don't really get it. He's what led me to FI and all this stuff, but it seems like a lot of people hate him now. I never seem to get a clear reason though other than putting ads on his site, but every blog has that so that can't be all. + +I still like his message of environmentalism, consuming less and being positive about life. Why don't you like him? +I've seen the screenshot of GME with all those 1 share orders, and just wanted to reiterate that you need to know what the source is of the market data. Here is what Fidelity looks like - clearly a full book across many exchanges without those 1 share orders. Always think about the source of the data - standard retail data is low quality, and usually only from 1 exchange. + +&#x200B; + +https://preview.redd.it/3ngnk5ag1yy61.png?width=319&format=png&auto=webp&s=a24bd8d0e90ff61972691b9096e2aa4d8b702637 +We installed solar panels on the family home in Sydney during October in 2020. We went with a 8.4kw system with 24 solar panels from Q Cells and Enphase Microinverters for a total cost of $10 620. We expect a ROI in 3.1 years. + +I searched this subreddit before installing solar panels. I also relied on Finn Peacock on YouTube and his website to explain how solar works because I had no idea that it was based on sunlight rather than heat. Additionally, I reached out to a few people who had posted on this sub. They graciously helped me crunch some estimates based on their own bills. I'm sharing my numbers in the hope it might help someone else. + +[Pictures/graphs of bills, solar production and exports on Imgur.](https://imgur.com/a/OvEcuRx) + +I've annotated the images so the graphs should be easy to understand. The screenshots are from the Enphase app where I can check the solar production of each panel with a 15 min lag time. I've paired examples of three days of varying energy production with the Energy Australia app which gave me a rough estimate of my bill costs before discount. I have recently switched providers so I have no idea if the AGL app will give me as much information. + +My previous electricity bill for mid Nov to mid Feb would typically be my largest quarterly bill for the year because we have air-conditioning. We don't tend to turn the heaters on as much during the winter months. I had previously relied on a sizeable 25% plus 3% discount on my bill to reduce some of the bill. + +The difference in the YOY is quite noticeable. My Feb 2020 bill without any solar panels and after discounts was $754.15 or a $8.29/day. My Feb 2021 bill with solar panels was $224.19 or $2.49/day. Unfortunately, we had some issues with our smart meter which only registered information for 64 days out of the 90 day quarter so in reality, my bill would have been even lower than that. + +I calculated a hypothetical bill if I had switched my provider to AGL which is offering a $0.17/kWh feed in tariff (however, their flat rate for energy usage is higher) and I have since switched over to them because Energy Australia is only offering $0.09/kWh. + +I had read that some people regretted not installing more panels in anticipation of a battery becoming cheaper in a few years so we went for a big system. We have a full house again after my parents called the other siblings home from abroad due to their concerns about covid. My Tim-Tam spend is 300% higher year on year and yet everyone "only had one". Lies. The family pack is gone in two days. The electricity meter is combined for the main house and a granny flat out the back. Previously, we had long term renters in the granny flat, however currently four adults work from home full time with two other adults in the house. + +**TL;DR: Installed a 8.4kw solar system for $10k and reduced my electricity bill from $754.15 to $224.19 for the same quarter year on year. Expecting ROI in 3.1 years or earlier now. Nice.** +Hi, I've been working for 1.5 years in my career. Started a little late in life, and I'm now 34. I want to maximize my efficiency for savings. House/retirement. I'm not sure what I should focus on between RRSP or TFSA. Need some real-life experience advice! I do have some debt, which I will have paid off by latest May 2023. + +Age: 34 + +Gross Salary: $73,500 + +Residence: Ontario + +Line-of-Credit Debt: $13,700.00 - 15% interest + +2022 RRSP deduction limit: $33,471.00 + +Employer RRSP Contribution match: up to 3% of earnings. + +2022 TFSA contribution room: $81,400.00 +Hey there, a friend recommended me to go talk to a therapist about some of my feelings. + +At times I feel that: +- I didn’t deserve my money +- Not sure how to handle family situations +- Not sure if I am overdoing or overthinking (if I buy this present it may make this person feel uncomfortable) +- Life/work balance + +I know privileged people problems.. However most of these problems are related to having a high net worth and I am concerned in putting myself in the wrong hands. + +How did you find a therapist? Did you also run into those problems? +###[New daily here](https://www.reddit.com/r/CryptoCurrency/comments/pjz7g6/daily\_discussion\_september\_8\_2021\_gmt0/) + + +------------ + +###IOS VOTING IS HAPPILY BUGGED, USE A LAPTOP/DESKTOP. + +It has recently come to our attention that a user has been operating several accounts for the sole purpose of bypassing the karma limits imposed by Governance polls to earn more moons than possible each distribution. + +&#x200B; + +For obvious reasons, we can't divulge too many details on how this has been identified, though Reddit admins have actioned some of the accounts listed (which usually happens when the accounts repeatedly upvote themselves) but you should know that this has been passed around the moderation team and there exists no shadow of doubt that these are the same entity. The user has since confirmed as much in a message to the moderation team. You may know this user as: + +u/Hame_BiH +u/TDavid13 +u/DestroRe13 +u/mahatmadandi +u/Obito_DOS3 + +&#x200B; + +**Over the course of the previous distributions, this user has been given a total of 138,733 moons - which should have been spread fairly around the community of users here that earns them.** + +&#x200B; + +While this user and all accounts have been permanently banned, the timing of the bans means that the 5,655 moons marked for distribution will still be paid out on the 8th September unless a poll passes. + +&#x200B; + +We have very strict rules on using multiple accounts to bypass the karma cap, or otherwise game the system in an effort to earn more moons. Rule 3 is "No Manipulation" and that counts for bypassing Governance rules for the subreddit. + +**It is not fair for the rest of the users who are following the rules to have these moons distributed for ill-gotten karma, especially not over several accounts.** + +Unfortunately, the rest of the moons these accounts have received cannot be recovered (the beauty of trustless, blockchain technology) but we can at least act now to prevent this final distribution from rewarding this user for their bad-faith posting. If this karma is removed from the distribution, the current ratio will increase, giving each and every user more moons for their karma this round This will be a record-setting poll if it passes, and it is a long shot. + +&#x200B; + +By this poll passing, it will remove the above accounts from the current distribution, ensuring they do not receive the final moons allocated for their posts in snapshot 17. The methodology to address problem users has been laid out by Reddit admins. + +An additional effect of the poll passing will be less karma in the pool, meaning the Karma:Moons ratio goes up - more moons for everyone! + +&#x200B; + +Thanks for reading. + +[View Poll](https://www.reddit.com/poll/pjxnut) +The answer to all of these cycles may be explicitly stated in the Nov. 3rd Credit Facility Agreement and this sub has ignored this doc on a criminal level (so to speak). + +DOCUMENT: [https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638021000118/a101creditagreementgamestop.htm) + +Am I the only one who thinks that Ryan Cohen isnt some finance guru who was able to uncover a mystery with no other available data other than what was out in the public and also available to superstonk. + +I highly recommend everyone read the documents because I think it has a lot of info that can 1. dispel FUD/hype dates around when certain things can happen - namely when a dividend may occur, acquiring or merging with companies, and other similar events which the subreddit has a high-interest in. 2. Give us a better understanding of the quarterly cycles. + +What the credit facility agreement shows us is that banks loaned GME money and they hedged these loans with a variety of derivative swaps. Ryan Cohen/GME has to also hand over all of GME's finance + operations data to their lenders on a monthly and quarterly basis so they can reassess the situation and hedge accordingly. You can find the schedule of when Ryan Cohen hands over their data in ARTICLE VII REPORTING AND MONITORING COVENANTS. This may be why he can tweet the night before we moon on cycles. Because that's when GME hands over this data. As to the shit emojis and the market tanking? Well I need the rest of Superstonk to help me. + +Please note though, while the finance reporting schedules + swap schedules may be tied to Ryan Cohen's tweets on the quarterly cycle that we all know of, the Credit Facility also has a trove of data on the covenants that are currently restricting the company from issuing a dividend, making acquisitions, etc, + +One look at this agreement and anyone can tell this is not a 1 person job to start writing DD, but a sub-wide one. I am currently working on one. But please drop a comment if you have questions, happy to answer as much as I can. The biggest questions I am trying to answer are + +**1. When will GME be able to satisfy the restrictive covenants which are preventing it from taking several wanted business actions (such as issuing a crypto dividend). In their most recent 10-Q (Q3 2021) filing, they explicitly stated there are restrictive measures that are making things difficult for their CURRENT and FUTURE operations and the second item on that list was dividends.** + +**2. How does Ryan Cohen know when these quarterly cycles happen very precisely which can be seen by him tweeting out the night before it happens (Feb. 24th, May 25th, and Nov. 21st, and almost precisely in August).** + +&#x200B; + +edit: This is a complicated doc and I by no means have all the answers. Im sorry for the title, but I really hope every member of this sub understands how important this document is to the MOASS saga because it basically turns DTC members into the "parole" officers of GME and controls what GME can do and when. + +edit 2: Please note while the agreement does say that a dividend can be made today, there are restrictions throughout the document that also need to be fulfilled for it to happen. +Currently we see a lot of money printing and high costs for basic economic goods and services e.g. oil, wood, shipping costs etc. + +Are these symptoms temporary or do you think the whole economy has a structural problem, which may lead to a lasting inflation and a stock market crash ? + +Do you think inflation fear is inflated 😉? +I'm a big fan of Kurzgesagt and love their animation style and the various topics they cover – most about space and the universe. But they occasionally creep into other topics they want to share ideas on, and that's what they did here. As I was watching and they were talking about how most folks work to at least 65, and the average life expectancy in the US is only 79 – it reminded me more and more why I'm working so hard for FIRE by 40-45. None of us are promised tomorrow, and I don't want the "freedom years" I do have to be riddled with old-age-related ill-health. + +Give it a watch. What do y'all think? I feel like it might be a good starter course on explaining FIRE, even though it doesn't talk about FIRE in the slightest. + +https://www.youtube.com/watch?v=JXeJANDKwDc +https://www.cnbc.com/2021/01/07/doj-fines-boeing-over-2point5-billion-charges-it-with-fraud-conspiracy-over-737-max-crashes.html + + +>The Department of Justice on Thursday said Boeing agreed to pay more than $2.5 billion to resolve criminal charges stemming from crashes of its best-selling 737 Max airplanes. +I was just reading [this aticle](https://economictimes.indiatimes.com/news/company/corporate-trends/videocon-insolvency-creditors-to-take-96-haircut-on-dues-nclt-requests-increase-in-pay-out/articleshow/83561586.cms) and talks about how creditors are getting a 96% haircut. + +What I do not understand is, how is it possible that such a large company like Videocon has so little assets? It had claims for 71k crores, but they are getting only 3k crores back. So I am assuming their assets are worth only 3k. + +How can a company borrow around 70k with assets worth only 3k. + +Or am I missing something here? I am trying to understand how insolvency works now a days in India and how it has to be accounted when evaluating a company. So any help in understanding it would be greatly appreciated. +Anyone here go the barista-FI route at fat wealth levels? Not coasting in your role, consulting, or running your business for 3-5 hrs/week, but doing something totally different with a lower mental load like a barista/caddy/bartender/etsy seller? + +If so I’m curious to know how you have enjoyed it / if it feels like a waste of time or something you should have started doing years earlier. +Borrowing this quote from Benjamin Graham, Warren Buffett's mentor, to remind investors during this turbulent time. + +In the short term, the stock market is simply a voting machine based on how other investors are feeling that day. Emotions obviously get in the way and play a large role in the day to day pricing of stocks. + +But in the long term, stocks will always move towards their intrinsic value. The price of a stock will be weighted based on fundamental factors such as revenue growth, free cash flow, profit and gross margin etc. + +During times like this during the market when it may be tempting to sell everything or stop investing all together, it's important to keep a long time horizon and continue to DCA in companies that you fundamentally believe in. + +Good luck to all! +Ammo Incorporated does what the name says, manufacture and sell ammunition. They are based in Arizona. + +Last year they bought gun broker dot com, (Basically eBay for firearm stuff) and broke ground on a second manufacturing plant in Wisconsin. + +Despite that, the companies' stock has been slowly falling and may be a good bargain because this seems like it's due to Biden's stance on gun control. Especially because his stance led to a rise in firearm-related sales, especially ammunition sales. Their margin of profit has been > 21% for the last two quarters. + +On the downside, I've only been able to find one person in the management team that's got prior experience in the firearms business. The CEO has none, and he's 79. + +Financials as of last quarter + +Current Assets: 110 million +Total assets: 396 million + +Total Current Liabilities: 43 million +Total Liabilities: 47 million + +P/E: 29.78 +Hope everyone is having a wonderful Saturday morning, thought you may enjoy the exchange I had this morning with my mom, it made me chuckle. + +I'm laying in bed with my head pounding from the copious amounts of alcohol consumed the night before and my phone rings. + +"Hey Mom what's up?" + +No greeting or anything just: "do you have bitcoin, litecoin, or ethereum?" + +"I have all 3, why?" + +"Cause some of my students (she's a college professor) have been talking about them, and they helped me set up a coinbase. I'm gonna buy some." + +"Have you researched any of these at all?" + +"No, that's why I had you 28 years ago, what percentages do you have?" + +"Uhh huh.... well I'm 40% ETH, 25% LTC, 10%BTC, and the rest is spread out among other coins." + +"Not possible, coinbase only has these 3 coins!" + +"Fuuuuuck mom, just buy ethereum. And spend the day googling stuff about crypto, ask me questions as you find them, I'm going back to bed." + +"Ok, I just bought a ethereum!" + +But moral of this pointless story is: we should be shooting up, her last major investment was Amazon in 2013. She's lucky as hell with her money. +"Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the second-quarter are out, revealing a new position in Barrick Gold. + +According to a 13-F regulatory filing, Berkshire Hathaway snapped up approximately 20.9 million shares of Barrick Gold (GOLD), a position valued at $563.5 million at the end of the quarter." + +https://finance.yahoo.com/news/warren-buffett-buy-barrick-gold-201428776.html +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 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). +Ayyo, + +Just a few insights around which shares and ETFs were popular in the SelfWealth community last month: + +[https://www.selfwealth.com.au/blog/selfwealth-asx-trading-trends-october-2021/](https://www.selfwealth.com.au/blog/selfwealth-asx-trading-trends-october-2021/) +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). +TL;DR at the bottom. + +I've never experienced this situation before. The background information is one of my buildings is a 6-unit apartment building in a solid B class suburb of a mid-western city. It's been a pretty good investment since I've had it and overall I'm quite happy with it. In this area the owner (me) pays for trash services and water/sewer. Tenants pay electric and gas. My trash service was set up through a sales rep for the area who set me up with a contract and basically I call her directly if I need anything. She has been great and when my contract expired after two years and the company started raising my rates every month. I called her after the price went up 20% and she reset a new contract back at the rate I was at previously. The building has 4 trash totes and 1 recycle tote, and is 6 smaller units. I use a PM and have never directly interacted with any tenant. + +Background data out of the way, here's what happened. Last week I got an automated email from my bank that my auto bill pay for the trash at this location was rejected by the bank for exceeding the upper limit amount I had specified. I set all my owner paid stuff up to auto pay but use some limiters to catch when things go horribly wrong. The normal bill is $105 but my upper limit was $300. The bill was for about $310. Shortly after the email from the bank I get a similar notice from the trash company basically telling me the same thing. I called my sales rep at the trash company and she digs into the account and says "What did the call center say when you called them and added the two additional totes?" I say some version of "WTF? I didn't do that." The rest of the day was a bit of phone tag as she dug into the account to try and figure out what happened, I called my PM to see if they had made a change on my behalf. I didn't remember giving them permission to change things, but I couldn't 100% rule it out that maybe I forgot. Ultimately, I discovered the PM did not make any changes, and the trash provider's notes said the caller said their name was "Invest-O-Tron-3000" (my actual name) and a phone number was logged that was NOT my phone number and I didn't recognize. I assured her it wasn't me since I would have called her directly not to the company's 1-800 line. + +At this point I had the thought to check the phone number the call came from (thank goodness they had that logged) against all of my old and current tenant leases to see if it was a current tenant or disgruntled former tenant or something. I found that it matched one of the tenants currently living in that building. She is one of the newer tenants maybe 6 months or so. My PM gets back to me and plays detective going through all their email / phone conversation logs with the tenants in the building and we piece together basically that a couple of the newer tenants in the building (maybe others are involved too but two that I know of for sure) have had a bit of a spat over the trash bins, because one of them is on business travel most of the time and only is home a day here or there, and she says the people in this other unit use too much of the bin space and its sometimes full when she gets home and blah blah blah. + +At this point it's fairly clear that there has been some drama between two or more tenants about who is generating more than their fair share of trash, and instead of reaching out to the PM who would then consult with me, one of the tenants, possibly in collaboration with the other or perhaps on her own, called the 1-800 phone number for the trash company, gave them my name (which she would have had to look up through property ownership records as they are never given my name), the trash company call center has no safeguards in place to prevent such a situation, and requested two additional bins. Because this call went to the call center, it voided me out of my contract, and jacked my rate from my good sales-rep rate to "full retail pricing" on all my bins and I get a triple size bill, including "delivery fees" for adding the bins. + +The sales rep is going to get back with me Monday or Tuesday with options, which could range from removing the two extra bins (which incurs another charge), leaving things as-is, or converting to some other solution entirely like one large dumpster (which has other issues like people doing weekend moves pulling up and unloading their pickup truck beds into it.) + +I'm pretty sure that I can ultimately get the trash company to either wave all the unauthorized charges, or take it out of the tenant's account, so in the end I believe I can be made mostly whole. I wouldn't even have been opposed to re-evaluating the trash bin situation if it had been handled properly instead of people forging my identity and all of that. + +I'm not sure how hard I should come down on the tenant. One one hand tenants are often dumb, and basically need their hands smacked when they do something wrong in order to be retrained. But I also don't want to reward bad behavior and encourage this sort of thing. My gut reaction is something like sent general email to all tenants and have PM specifically speak to this tenant with stern "this is your one allowed screw up" warning, make her pay for any charges / increases I can't get reimbursed for, and move on with life. I don't personally feel like it's worth a turnover if I can get paid back, but maybe that's wishful thinking and this is a bad omen of things to come. + +TL;DR - One of my tenants who was unhappy about the # trash bins at the building, called the trash company pretending to be me, and ordered more bins, which screwed up my contract and jacked up my bill 300%. While I work on getting unauthorized changes undone and paid back for their costs, I'm debating how draconian to be with the tenant who did this. + +Edit #1 - This literally just happened Friday so I haven’t even found out for example if the trash company can get a recording of the call or not. + +Edit #2 - I feel bad saying this but I watered down what I said about my gut reaction. My true first gut reaction was to show no mercy. But my first reaction is often rooted in a sense of justice boner that isn’t necessarily conducive to turning a profit. So what I described as my gut reaction was really my tempered reaction. + +Edit #3 - I posted an update here: https://www.reddit.com/r/realestateinvesting/comments/immkel/update_unauthorized_person_tenant_modified_my/ +I have averaged approximately 18%. I own mainly Fundsmith, Lindsell Train Global, L&G Technology. + +How well did you do? +What did you own? +What is your strategy? Long term buy & hold? Flipping? +Okay. It's been a rough couple of weeks. I've take profit earlier than normal or closed for a minor loss. Despite this, my account is up about 20% for the year, even with a defensive streak this month. I'm forcing myself to stay in the game but only to take the trades that fit my requirements/setups/tolerance for volatility. + +Typically, I use 1/3 of my account for credit spreads, another 1/3 for CSPs, and keep the rest in cash. It's easy to make money, but as well all know, it's harder to keep it. + +So, I'm looking at my account allocation plan and thinking that I need to investigate a plan to merge the 2 things I love. Selling a CSP, but supercharging my premium collection by using a call credit spread on the other side of the strike, at a safe distance and only when the outlook is neutral or the normal oscillation of price has it pointed down for the moment. So, a Jade Lizzard (see Tasty if you don't know the term). + +However, I don't want to be limiting. Collecting premium and using covered short strangles and covered short straddles are also on the table. What I am trying to work though is when is it appropriate to use one of these instead and why. + +Please share your experiences and any cautionary tales here. I'd rather learn from the mistakes and observations of others. I mean, isn't that what differentiates us from WSB in the first place? WE CONSULT THE HIVE MIND OF RISK ADVERSE TRADING. OHMM. ALL HAIL TIME DECAY. STAY THETA, MY FRIENDS!!!!!! :) +Single, 30, VHCOL city, \~11M net worth (all liquid; just big ETFs and cash), $200-250k/year expenses, no health issues or family history thereof. + +I barely use any healthcare, but my few engagements with the system have gone (very) poorly thanks to the awfulness of the ACA plans. I picked one of the most expensive bronze plans, but it's been a dumpster fire of insurers and medical offices contradicting each other and their own colleagues/websites over whether they take it. I've lost many hours researching and on the phone, all for the privilege of getting a fraction of the premium value back. I understand that my place in the system is to subsidize older, sicker people and I'm fine with that. It's the actual unusability of the plan and losses of my time that I can't stand. + +I could switch plans, try even harder, and perhaps find actual providers and referrals. But my experience has seriously left me considering just going uninsured. I recently went ahead and paid $3k out of pocket to a dermatologist for a minor thing instead of going through insurance. This was... liberating? + +Could I just keep doing that? I understand that chronic conditions and exotic procedures can go into the many millions in America. But for someone like me, the risk is more like getting hit crossing the street and ending up in the ER. Just how big do such bills get? I'm thinking I'm willing to take that risk if these numbers don't go above $2-3 million and the risk per decade is like 1%. It checks out from an expected value standpoint. And for anything non-urgent, there's medical tourism. + +Somebody sanity check me. Having insurance seems like a mandatory thing in this country. Conversely, being uninsured seems like it should be a scary thing. But numbers-wise, it seems reasonable. I'm interested in some alternative perspectives before I pull the trigger (ACA sign up deadline is coming up). + +EDIT: Thanks, everyone! I'll explore my HDHP/HSA options further and use cash to avoid limitations/hassles as you guys suggested. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm looking for some advice, some steps that I could take. I'm overwhelmed and at breaking point. +Brief explanation of events: + +I'm based in Birmingham, I've worked for the last 5 years at an FM call centre. Last year, I had handed in my notice, I was going back to Uni to train to be a paramedic, I was so excited and felt a purpose. Within a few days of accepting the uni offer, my wife found out she was pregnant with our second child, then she was fired. (She was earning enough to be able to provide for us whilst I retrained). +I pushed my dream back of becoming a paramedic and rescinded my notice. By November 2016, they promoted me to manager and the pay rise really helped with losing my wife's pay check. +Fast forward until June 2017 and I f*cking hate it. I never wanted to be manager and the demand and toll it took on my life was crippling. +My wife had our second child and is currently spending her days looking after him. +I was then approached by a recruitment agency that sold me a new position. More money, smaller company, less responsibility, less stress. So I quit my job and joined them. +I've been there approximately a month, I work nearly 70 hours a week and spend most of my time crying about it, letting it consuming me. +On the 21/09, I quit. I told them I was done and would work my weeks notice. This was all in haste and without thinking about it. +Now today comes, and I'm looking through our finances and I know, I'm fucked. I've ruined everything, I don't know how my family will survive. + +I was earning £30,000 a year, £1900ish after tax a month. +My out goings are: +£1428 in mandatory bills, (rent, council tax, utilities, food) +£485.35 in debt. (Previous loans, credit for a new bed, etc.) +As you can see, we were up against it anyway. But we always had food and a roof over our head. +I've got no savings. +Currently £1300 in the bank, waiting for it to go out in bills next week. +AND yesterday, my cat got rushed into the vets with kidney failure, he's currently in, with vet bills approx £600 as of now. I've got insurance so that will pay out but I've got to front the bill first. +With no job and my last pay check being Friday 06/10, we are absolutely fucked. +Any ideas that will help me get this back on track will help. I've applied for over 60 jobs in the last few days. + +Bought this property 4 months ago for 115k and around 29k rehab with new value of 205k . I was able to put down 15k(closing fees included) and owed 103k plus rehab for total 133k And there are approx 7500 in closing costs for refinancing so Im getting back 12k or so. + +My monthly profit is around 900 a month or 11k a year approx after maintenance costs. Ive done quite a few this year but haven't had much time to post them. + +Hope some of you can learn something and I'm open to questions. Term sheet below. + +https://imgur.com/gallery/HBIb93G +Full article at [https://www.thegalacticadvisors.com/post/estonia-e-residency-should-you-set-up-your-company-in-estonia](https://www.thegalacticadvisors.com/post/estonia-e-residency-should-you-set-up-your-company-in-estonia) + +A lot of clients have come to us with the idea of setting up a company in Estonia. Let's look at how the Estonia e-residency works, who should apply, whether it makes sense from a tax and compliance point of view. + +Let's get started! + +## What is Estonia e-Residency? + +Estonia e-residency allows foreigners to obtain digital residency in Estonia, without actually living there. + +E-Residency enables digital entrepreneurs to start and manage an EU-based company online. + +* Estonia is the first country to offer e-Residency – a government-issued digital identity and status that provides access to Estonia’s transparent digital business environment. +* E-Residency allows digital entrepreneurs to manage business from anywhere, entirely online. + +**As an e-Resident, you'll be able to:** + +* Establish and run a company online +* Conduct your banking online e.g. make electronic bank transfers +* Have access to international payment service providers +* Digitally sign documents (annual reports, contracts) within the company as well as with external partners +* Verify the authenticity of signed documents +* Encrypt and transmit documents securely +* Declare taxes online + +## How to apply? + +Estonia e-Residency's website has some excellent information on how to apply alongwith a series of explainer videos. Linking to the website [here](https://e-resident.gov.ee/). + +## Why would anyone want to apply for Estonia e-Residency? + +Having an Estonia based company can definitely have it's advantages including: + +* Ease of doing business +* Being a EU company might appear to be more reliable than an Indian company +* EU regulations might be easier for business's to operate than Indian regulations + +The main reason is of course **perception**. Being an Europe (EU) incorporated company can definitely be a significant positive for a lot of startups and businesses. + +**Advantages for startups:** + +* Easier fund raising +* International investors may be more willing to invest in an EU incorporated company rather than Indian company +* Easier access to US and Europe markets + +**Galactic Note:** If you are a startup or an investor and need assistance with [deal advisory](https://www.thegalacticadvisors.com/deal-advisory), feel free to contact us. We're happy to help! + +## What about tax? + +A LOT of people are under the impression that if they set up a Company in Estonia, India will not tax their income. Unfortunately, tax laws don't work this way. + +Let's break this down into parts: + +**A. Tax in Estonia** + +This is why everyone is considering Estonia - There is **no corporate income tax** on retained and reinvested profits. + +This means that Estonian resident companies and the permanent establishments of foreign entities (including branches) are subject to **0% income tax** for all reinvested and retained profits. + +If you do distribute dividends, a 14% tax applies. This also seems more reasonable to people than the \~25% plus tax at [slab rates](https://www.thegalacticadvisors.com/tax-rates-individual) on dividend in India. + +**Note:** Tax is 14% on dividend, only if distributed to a legal person. Otherwise, tax is 20%. + +Dividend paid to Non-Residents is not even subject to withholding tax. + +**B. Tax in India** + +Unfortunately, this is where things start falling apart if you look at this from a tax point of view. + +Bear with us, we're going to get slightly technical. Feel free to ignore the actual provisions and just read our Galactic summary if you don't want to understand the technicalities. + +**Residency in India and Place of Effective Management** + +**Provision** Section 6(3) of the Income-tax Act is reproduced below: *A company is said to be a resident in India in any previous year, if— (i) it is an Indian company; or (ii) its place of effective management, in that year, is in India. Explanation.—For the purposes of this clause "place of effective management" means a place where key management and commercial decisions that are necessary for the conduct of business of an entity as a whole are, in substance made.* + +**Galactic Summary** + +Accordingly, the Estonian Company might be considered Resident in India, considering that a person is residing in India controls the entity and all key management and commercial decisions shall be made in India. + +**Provision** + +However, CBDT vide Circular No. 25 of 2017 has clarified that Place of Effective Management (“POEM”) provisions shall not apply to a Company having turnover of INR 50 crores or less in a Financial Year. + +**Galactic Summary** + +Now, if your turnover exceeds INR 50 crore, this doesn't affect you. + +However, if your turnover is less than INR 50 crore, POEM rules might not apply to you and the Estonian company may not be considered Resident in India. + +Note that the aforesaid circular may be repealed in the future. In case said circular is repealed, the Estonian Company shall be considered a resident for Indian tax purposes. + +Before you start thinking that this is a great idea, let's come to the next problem: + +**Business Connection in India** + +**Provision** + +Section 9(1) of the Act provides Income that shall be deemed to accrue or arise in India, irrespective of place of receipt of Income. + +*The following incomes shall be deemed to accrue or arise in India :—* + +*(i) all income accruing or arising, whether directly or indirectly, through or from any* ***business connection in India***\*, or through or from any property in India, or through or from any asset or source of income in India, or through the transfer of a capital asset situate in India.\* + +***(Emphasis supplied)*** + +Explanation 2 to Section 9(1)(i) *inter-alia* states the following + +*For the removal of doubts, it is hereby declared that "business connection" shall include any business activity carried out through a person who, acting on behalf of the non-resident,—* + +*(a)* *has and habitually exercises in India, an authority to conclude contracts on behalf of the non-resident or habitually concludes contracts or habitually plays the principal role leading to conclusion of contracts by that non-resident and the contracts are—* + +*(i) in the name of the non-resident; or* + +*(ii) for the transfer of the ownership of, or for the granting of the right to use, property owned by that non-resident or that non-resident has the right to use; or* + +*(iii) for the provision of services by the non-resident* + +**Galactic Summary** + +The Estonian Company shall be deemed to have a Business Connection in India, considering that an Indian Resident may have the authority to conclude contracts on behalf of the Estonian Company. + +Accordingly, the income of the Estonian Company shall be deemed to accrue or arise in India and shall be **taxable in India**. + +This is probably the worst case scenario - tax rate for foreign companies in India is **40%** (plus surcharge and cess). + +**Double Taxation Avoidance Agreement** + +Before you scream India and Estonia have a Double Taxation Avoidance Agreement (Tax Treaty), read our [article on how a DTAA works](https://www.thegalacticadvisors.com/post/how-does-a-dtaa-work). + +Now, it is a settled position in law that the provisions of the DTAA override the provisions of the Act, to the extent more beneficial to the assessee. + +Let's see if there's any shelter available under the India-Estonia DTAA: + +**Provision** + +Article 7 of the India-Estonia DTAA deals with taxability of Business Profits. Extract is reproduced hereunder + +*The profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a* ***permanent establishment*** *situated therein. If the enterprise carries on business as aforesaid, the profits of the enterprise may be taxed in the other State but only so much of them as is attributable to that permanent establishment.* + +***(Emphasis supplied)*** + +Article 5 of the India-Estonia DTAA provides that + +*The term "permanent establishment" includes especially:* + +*(a) a place of management* + +**Galactic Summary** + +The above provisions would indicate that the Estonian company has a permanent establishment in India. Accordingly, there is no relief available under the DTAA in this specific instance. + +The whole of the income shall be attributable to the Permanent Establishment in India. Accordingly, the whole amount shall be **taxable in India**. + +Note that the above implications are oversimplifications based on a direct reading of the law. In some cases, it might make sense to set up a company in Estonia. There's definitely ways of structuring this for tax efficiency. Feel free to [contact us](https://www.thegalacticadvisors.com/contact-us) if you need assistance. + +For a lot of people, there may be other ways of structuring their business in India itself. If you are one of these people, feel free to contact us. Our team of experts are always happy to help! + +&#x200B; + +Tell us if you're interested in more articles relating to Estonia's e-residency. We might do a few caselets and examples to aid in understanding if there is enough interest. +# THIS HAS BEEN ENTIRELY DEBUNKED. LEAVING FOR TRANSPARENCY. + +READ EDIT 5 AT THE BOTTOM. APPARENTLY THE IPFS HAS EXISTED ON GAMESTOP.COM SINCE JULY. + +So, we all remember the loopring github leak from october. It contained a link to + +[https://ipfs.nft.gstop-sandbox.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp](https://ipfs.nft.gstop-sandbox.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp) + +Well, at some point since then, a clone of this IPFS instance seems to have been deployed to the official [gamestop.com](https://gamestop.com) website. + +[https://ipfs.nft.gamestop.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp](https://ipfs.nft.gamestop.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp) + +~~Edit: Holy fuck. Loopring released their javascript sdk 3 hours ago:~~ [~~https://www.reddit.com/r/Superstonk/comments/qwnrhw/windatang\_published\_this\_3\_hours\_ago\_on\_github/~~](https://www.reddit.com/r/Superstonk/comments/qwnrhw/windatang_published_this_3_hours_ago_on_github/) + +~~I don't know when IPFS was deployed to the gamestop website, but~~ *~~if~~* ~~it was very recently, and the loopring SDK got released tonight... HOLY FUCK HOLY FUCK HOLY FUCK. The two things aren't~~ *~~necessarily~~* ~~related. But holy fuck, my tits are jacked.~~ + +~~Edit 2: Actually, it looks like the SDK was already public. Looks like it has been since at least october. Maybe even earlier? But a new version which allows for NFT minting was released 3 hours ago, so I'll leave the link to~~ /u/ryan12124\~\~'s post, just in case the two turn out to be related.\~\~ + +Edit 3: NFT minting was added to the loopring SDK \~20 hours ago. And there was a minor edit \~4 hours ago. Leaving my edits for transparency. + +Edit 4, for clarity: The loopring SDK stuff isn't directly related. If it had been Loopring's first public SDK release, that would have been massive, especially if it happens as GameStop is seemingly starting to deploy things into their production environment. + +Edit 5, this time actually related to the original topic: Apparently the subdomain has existed since some point in july. Check [u/hooper359](https://www.reddit.com/user/hooper359/)'s comment and post: [https://www.reddit.com/r/Superstonk/comments/qwn8ct/comment/hl426me/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qwn8ct/comment/hl426me/?utm_source=share&utm_medium=web2x&context=3) + +This certainly unjacks my titties quite a bit. However, I still think the contents I've linked to must have been added at some point after october 28th. There's no chance in hell nobody would have tried simply replacing "gstop-sandbox" with "gamestop" as the winda tang github leak happened. + +If nothing else, this at least arguably confirms that [gstop-sandbox.com](https://gstop-sandbox.com) is likely owned by gamestop. + +Edit 6: So apparently anyone can upload stuff the IPFS and it will sync or some shit like that. Basically: Even though the links are subdomains of gamestop.com, the files that can be seen haven't been uploaded to gamestop specifically. I won't pretend to understand how it works, just know that this post is entirely debunked. + + +Altknob's post explaining it all seems pretty solid I think: +[https://www.reddit.com/r/Superstonk/comments/qwwyel/important\_read\_about\_the\_current\_top\_post/](https://www.reddit.com/r/Superstonk/comments/qwwyel/important_read_about_the_current_top_post/) +Dàjiā hǎo Apes! I'm Apesian, not sure if anyone needs this. Will delete if there is another post like this. Will be updating as I go along. + +I am tracking **SSE Composite Index (000001.SS)** but I am doing this manually and the data is delayed, I am sorry. + +The Shanghai Stock Exchange is open Monday through Friday from 9:30am to 11:30am and 1:00pm to 3:00pm China Standard Time (GMT+08:00). Does the Shanghai Stock Exchange close for Lunch? Yes, the Shanghai Stock Exchange does close for lunch. + +I am not a Chinese ape, I am a Pinoy ape. But I don't have anything to do today, so might as well do this for you. **❤️** + +**UPDATE:** I enjoyed making this post, and I appreciate all the kind words and awards. Thank you for my four-hour fame. Tomorrow I will get vaccinated, so I won't be available to do this again, but I'm sure there will be another willing Apesian. Or maybe not, we can just focus on GME price. I love this community, and I am so glad I met all of you. I am hodling for each one of you and all our families' generational wealth. No cell, no sell. + +&#x200B; + +🚀 Buckle Up! 🚀 + +* 🟩 330 minutes in: 3629.45 CNY *(volume: 548 M)* +* 🟩 320 minutes in: 3625.91 CNY *(volume: 843 M)* +* 🟥 310 minutes in: 3620.57 CNY *(volume: 521 M)* +* 🟥 300 minutes in: 3624.66 CNY *(volume: 533 M)* +* 🟩 290 minutes in: 3626.72 CNY *(volume: 558 M)* +* 🟥 280 minutes in: 3624.48 CNY *(volume: 584 M)* +* 🟩 270 minutes in: 3628.97 CNY *(volume: 619 M)* +* 🟩 260 minutes in: 3625.55 CNY *(volume: 650 M)* +* 🟩 250 minutes in: 3625.00 CNY *(volume: 794 M)* +* 🟩 240 minutes in: 3619.02 CNY *(volume: 557 M)* +* 🟩 230 minutes in: 3619.01 CNY *(volume: 759 M)* +* 🟩 220 minutes in: 3613.03 CNY *(volume: 739 M)* +* L U N C H B R E A K +* 🟩 120 minutes in: 3603.70 CNY *(volume: 505 M)* +* 🟥 115 minutes in: 3601.77 CNY *(volume: 509 M)* +* 🟩 110 minutes in: 3602.92 CNY *(volume: 568 M)* +* 🟥 105 minutes in: 3598.84 CNY *(volume: 545 M)* +* 🟥 100 minutes in: 3596.27 CNY *(volume: 568 M)* +* 🟥 95 minutes in: 3598.86 CNY *(volume: 630 M)* +* 🟩 90 minutes in: 3600.88 CNY *(volume: 625 M)* +* 🟩 85 minutes in: 3596.58 CNY *(volume: 564 M)* +* 🟩 80 minutes in: 3590.34 CNY *(volume: 660 M)* +* 🟩 75 minutes in: 3589.06 CNY *(volume: 777 M)* +* 🟩 70 minutes in: 3588.73 CNY *(volume: 693 M)* +* 🟥 65 minutes in: 3587.70 CNY *(volume: 878 M)* +* 🟩 60 minutes in: 3591.58 CNY *(volume: 581 M)* +* 🟥 55 minutes in: 3586.04 CNY *(volume: 1.15 B)* +* 🟩 50 minutes in: 3592.60 CNY *(volume: 933 M)* +* 🟩 45 minutes in: 3592.26 CNY *(volume: 2.13 B)* +* 🟥 40 minutes in: 3591.27 CNY *(volume: 896 M)* +* 🟥 35 minutes in: 3593.95 CNY *(volume: 1.51 B)* +* 🟩 30 minutes in: 3601.23 CNY *(volume: 1.63 B)* +* 🟩 25 minutes in: 3597.20 CNY *(volume: 1.23 B)* +* 🟥 20 minutes in: 3595.05 CNY *(volume: 1.88 B)* +* 🟩 15 minutes in: 3596.32 CNY *(volume: 1.81 B)* +* 🟩 10 minutes in: 3591.27 CNY *(volume: 2.95 B)* +* 🟩 5 minutes in: 3575.33 CNY *(volume: 2.48 B)* +* 🟥 0 minutes in: 3561.95 CNY +* 🟩 Close price: 3614.03 CNY + +&#x200B; + +NOTE: I am smooth-brained and can't create any program, so I am doing this manually, please excuse any error. If someone else will be able to automate this for more accurate data, I'd gladly pass the baton. 🦍**❤️**🦍 +i instantly bought more BTC. +How comes that people spend so much time one something and then still struggle understanding it? + +Talking about this crap btw: +https://www.reddit.com/r/CryptoReality/comments/o7v5xs/is_bitcoin_a_ponzi_scheme_a_detailed_analysis/?utm_medium=android_app&utm_source=share +In the last eighteen months some long term investments have paid off, such that I'm now sitting on paper profits equal to 6 or 7 times my annual salary. It's a lot of money, for me. And the advisability of having only paper profits and not realizing the gains isn't really the point of this post. Trust me, I know. + +The point is, in the last six months I've noticed my attitude shifting toward an incessant urge to spend. I have certainly bought a few things I needed. Fine, good. But at this point I don't need for anything. The possessions my brain is screaming at me to buy are trinkets and trifles. + +More generally, I have noticed a lack of financial discipline bordering on nihilism. What's $400, who gives a damn. Why bother saving when you could scrimp all year and only save an amount equal to 1% of your assets? + +I feel myself being corrupted in a way that I don't think is healthy in the long term. The decisions that I made years prior that have allowed me to reach this point, are different from the decisions I'm now making. + +There must be other people here who have had a similar experience and figured out ways to live wisely with (subjectively) a lot of money. Can you offer an advice? Can you share mental processes that you've found helpful? Or can you even just share your own story so that I can know I'm not the only one to have been here? + +Perhaps the most perplexing question for me; how do you rationalize/continue with work or following a budget when a 4 hour market fluctuation can cause you to lose/gain money that's equal to a month's salary? It's a very strange and not altogether pleasant thing. + +Tl;Dr --- I've accumulated a sum of money and I'm beginning to act like a fool. I don't want a fool's life. How to correct course? + +EDIT - Thank you everyone for the replies. I had literally no idea this post would attract so many great answers. + +Unfortunately I live in a country which makes it difficult to access Reddit (VPNs are also blocked) and so I wasn't able to check this post again until now. I'm sorry I didn't reply earlier but I truly couldn't get on Reddit again until today. + +Thanks again for everyone who took the time to share their thoughts. +Prices seem higher than ever. I’ve seen houses that sold a year or two ago get a price bump of a hundred thousand dollars or more. Will the prices ever come back down? +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! + +EDIT: Thanks everyone. I'm already updating info, adding links and so much more with all the new rabbit-holes you sent me down. I'm so happy. I'm not likely going to keep posting about it. I'll maybe post something when I go to build. I'm happy this has helped a few of you as well. Happy Juneteenth! + +&#x200B; + +A few of you may remember a [comment](https://www.reddit.com/r/fatFIRE/comments/dc7a8s/people_who_built_their_own_homes_what_features/f27awrl?utm_source=share&utm_medium=web2x) I had on here a while back. Well, here is my *current* document. I'm going to redact a lot of info that I think is not ready to be shared from lack of research on my part or is too personal. I would like advice in areas that you may have experience in that would increase efficiency, while maintaining a relatively low cost. I worry that a lot of you might see how my old comment was formatted and expect my doc to be the same...It's not. My comment was off the top of my head and a lot of my ideas are just in my head. I'm going to try to share a lot of that info though. Additionally, I'm not planning to build for another 6 years. So this document will likely change, same as my tastes, new tech, and the more research I do. + +**The biggest takeaway I can share without you reading this whole post i**s: *Think of every little detail you can when designing your home.* I have an acquaintance that designed and built a million-dollar home and after they moved in realized they forgot about storage (had to get 2 car lifts and build a deck-like-thing in the garage to fit all of their stuff) and has 2 living rooms next to each other, and another living room downstairs. Think about everything! Where do your broom and dustpan go? Your winter boots? Your InstaPot? Lawn Mower? Extra Blankets for drunk friends staying over? If you open your bathroom cupboards, can you still open or close your bathroom door? If you rearrange your room will your bed cover your plugins on that wall? If you have a dining room table and you pull out a chair, and someone is also trying to walk past you, will there be enough room? (LOL I just did this math/measurement last night. If I have a 4x10' table for 12, I need a 22x16' room to have enough space and not feel crowded). I'm going into so much detail because I only want to build this dream home once \[long pause\] once. + +# Net Zero Home Design Goals/Components + +This document was for myself but I have received *a lot of requests to see it*. I live in the US in the Central time zone so all of this information will likely be focused on efficiencies of that northern region of the US. Do your own research for building a home. And be sure you are going to live in the home for a good amount of time. + +## Efficiency and Planning are key + +To build a Net Zero home or Near Net Zero a few design elements are required to get the most **free** energy and to **retain** most of that energy. To be Net Zero all you really need is for the home to use less energy than the home produces annually. Not going for an off-grid setup, the Grid is required for my plan. + +&#x200B; + +* **Properly oriented**… + * **Roof**. The roof should be aligned to true south and at a pitch angle of 45 degrees (ideally at an angle that is equal to the latitude of the location), to collect the most solar energy, if located in the northern hemisphere. + * **Windows**. Most of the home's windows should be south facing, to gain natural sun heat in winter. + * **Overhangs**. All south windows will need overhangs to block the sun, reducing summer heat. ([Recommended Overhang Dimensions Calculator](https://susdesign.com/overhang_recs/index.php)) +* **Thermal mass** commonly concrete, brick, stone, and tile - absorbs heat from sunlight during the heating season. +* **Simple home design**, like a cube/box shape. This limits the surface area, reducing energy loss and reduces building cost. No, you don’t have to make your home a damn ugly box! +* **Tight envelope** aka a sealed home. + * Check local pricing on walls like **Structural Insulated Panels (SIPs)** and **Insulated Concrete Forms (ICFs)** compared to listed below Advanced Framing Technique. Could do a combination of Basement walls being IFCs and above ground walls being Adv. Framing. + * Likely will avoid SIPs as they have too many cons: manufacturer specific, remodel can be difficult, if it gets wet no framing structure as backup and requires framed walls anyway unless you cut into SIPs wall for wiring, which defeats its R-value benefit. + * Frame Walls 2x4 at 16” on center or 2x6 at 24” on center. **Use T-Wall and 2-Stud Corner framing** with a Drywall-Clip or ¼ to ¾ inch plywood backing. So Insulation can be put into cavities. Also, use an **insulated Header**. [(Info from 3 Easy Advanced Framing Techniques)](https://www.energyvanguard.com/blog/3-easy-advanced-framing-techniques) + * Place **OSB with an Air and Water Barrier** on the outside of the framed walls. Although the barrier should allow Vapor though so it can dry out when it gets wet. + * Next **install Sheathing** (treated OSB and Rigid Foam Insulation or something like RockWool mineral insulation) onto outer walls enclosing the whole home. Note: Zone 6 calls for a **minimum thickness of 3 inch ESP Rigid Foam with an R value of 11.25** or higher. Then tape joints. + * **Mesh Matrix is installed** next. Also known as a rain screen. This allows the exterior walls to dry after getting wet by letting air and water to flow through the matrix. + * Next **seal the home with a Positive Pressure Caulk Misting Machine**. ([Info from This Old House Features AeroBarrier Envelope Sealing Technology](https://www.youtube.com/watch?v=mnojUAYf-hc)) + * **Siding is finally mounted to the exterior**. May need to install furring strips to mount siding to. + * **Moisture Control, damp-proof all below-grade portions of the foundation wall and footing** to prevent wall from absorbing ground moisture by capillary action. Then place continuous drainage over the damp-proofing or exterior insulation to channel water to the foundation drain. Drainage plane materials include special drainage mats, high-density fiberglass insulation, and washed gravel. All products should be covered with filter fabric to prevent dirt clogging up gaps in the drainage material. [(Info from Dept. Of Energy)](https://www.energy.gov/energysaver/weatherize/moisture-control) +* **Balanced Ventilation** + * Be sure the energy-recovery ventilator (ERV) system exhaust fans cubic feet per minute (CFMs) match the intake CFMs. ERVs act as HRVs but help keep in-home humidity. **Bathrooms and Kitchen should be negative pressure zones while other rooms are positive pressure zones**, thus having passive exhaust for moisture and bad smells removed. A Recessed Exhaust or Supply Inlet for ERVs with an LED light looks like a cool idea for the bathrooms. + * Also make sure the heating and cooling units installed in the home match the required British Thermal Unit (BTU) needed. If way too high, your unit will cycle on and off frequently. If too low, your unit will overwork itself. Both will shorten the lifespan of the unit. Although, you will want to have more than the minimum required BTUs as south facing windows, kitchen appliances and multiple people can generate more heat. Having more BTUs is better, but don’t go crazy and add 20+% of what is needed. + * To calculate the General Purpose BTUs needed, use this BTU Calculator [https://www.calculator.net/btu-calculator.html](https://www.calculator.net/btu-calculator.html) + * **To calculate the true BTUs your home needs you’ll need to consider your Heat Loss Calculation**. Which is based on the square feet of exposed walls, windows and roof/floor surfaces, plus the type of insulation (or R-value) that each type/section has. Your contractor should know how to do this accurately. +* **Truly Efficient Appliances**, find Energy Star rated appliances at the bottom of the scale. Something like a $48 (449 kWh)/year refrigerator. +* **Efficient Lighting, light surfaces not spaces**. But also have ambient lighting in each room. Can-lighting is great. Make sure to distance lights based on coverage. Don't want too many or not enough. +* **Utility Options:** Electric billing will need to be changed to “Time of Day Electric Service” to take advantage of Off and On Peak hours. In my area range of kWh prices is currently $0.04 to $0.20 based on peak time. PV system must be <40kW or limit of no more than 120% of the average annual consumption, and receive a Check or Energy Credit of $0.07 per kWh. + * Charge EVs and Batteries (if no solar) during Off Peak hours and use Battery power / Sell excess Solar / use Solar power during On Peak hours. Buy and use Low, Sell High! +* **Home Battery** for Brownout or Blackout Protection as well as lower rates at night from power company. +* **Automation of lighting and appliances**. + * Be careful of the Jevons paradox where if something uses less power you use more of it thus using even more power than what was originally saved. + * Find an affordable system that can dim or turn off lights/appliances when not needed. + * I’m looking at the [ISY 994i ZW+ / IR Pro](https://www.amazon.com/ISY994iZW-Universal-Devices-Automation-Controller/dp/B07GNS1B7V/ref=sr_1_2?dchild=1&keywords=isy994&qid=1590453954&sr=8-2) Smart Hub by [Universal Devices](https://www.universal-devices.com/smarthome/?doing_wp_cron=1590453854.2428560256958007812500), with the [Insteon PowerLineModem (PLM)](https://www.amazon.com/Insteon-2413S-Serial-Interface-Dual-Band/dp/B002X8W4SI/ref=sr_1_5?dchild=1&keywords=isy994&qid=1590453954&sr=8-5), and other [Insteon products](https://www.insteon.com/products) like [Switches](https://www.insteon.com/wall-switches) and [Sensors](https://www.insteon.com/sensors-menu). According to some research I did, Insteon Switches will work without the ISY unit (this is great for a failed Hub or selling your home and not having to switch all your switches). + * [Sense](https://sense.com/) is a great device that can monitor your whole home's energy use and even give you notifications if something is unusual or is left on. +* **Efficient whole home Water-softener** + * The system should match water hardness and the amount of water used. + * If the system uses Salt, it should be one that detects if it “needs” to recharge, not one that recharges every night. + * Use a Reverse-Osmosis system at the kitchen sink for drinking and cooking water. +* Kachelofen (masonry heater) for decoration and secondary winter heat. (need more info) +* (Optional) Try to place all closets/storage rooms along exterior walls to act as an air barrier. A closet most likely does not need to be heated or cooled, this can help save on heating and cooling costs. + +## Components + +* Solar Panels + Power Storage \*\*\*\*NEED TO UPDATE INFO (Cost vs Cost + Rebates, Calculate Power Bill difference with “Time of Day Electric Service”, Use PowerSage site or [https://lp.understandsolar.com](https://lp.understandsolar.com/180409-mob-03-default/?lead_source=78f7086118fa05ed00f88d126b669e8e&tracking_code=commercialsolarguy) for quotes, and Any Installer should be able to provide an *Accurate* estimate of 10 to 20 years of solar generation including panel efficacy degradation factored in.)\*\*\*\* + * Roof angle should equal the latitude of the location. For me, that's 45 degrees. + * A 3,000 square foot roof with Asphalt shingles installed could cost $11k-$16k with a lifespan of \~20 years. + * A Tesla Solarglass roof would cost $59k + 3 Powerwalls $20k = $79k with a warranty of 25 years, lifespan of 30 years. + * Over 30 years the cost of Power and the cost of an Asphalt roof vs Solarglass roof would be as follows: + * Asphalt Roof: over 30 years 2 installs $11k-$16k each, 30 years of power bill $42,900. Low 30 year cost $64,900 to high cost of 74,900. + * Solarglass + Powerwall: over 30 years low cost 1 Powerwall $65,666 with no power bill, to high cost 3 Powerwalls $79,000 with no power bill. + * Over 30 years Asphalt roof and power bill would only be $3,100 less than the most expensive solar system. Solar system generates power, asphalt does not. Electricity costs could rise over 30 years making the solar system more profitable and asphalt more expensive because of power bills and the cost of oil will always rise (oil is nonrenewable). In addition after 30 years when the solar system needs to be replaced, the cost is likely to be much lower and the power generated from it is likely to be much higher. *None of this considers any government credits. Most credits end in 2021.* +* Heat Exchanger + * heat-recovery ventilator (HRV) or an energy-recovery ventilator (ERV) + * To determine the size of unit multiply square footage by ceiling height, divide by 60 and multiply by .35 = CFM. +* In-floor Heat using a heat pump + * Electric or gas? Electric is less costly yet has a hard time with heating quickly (in winter time) but has no risk of explosion or lower air quality. Electric may be best if paired with a Geothermal heat pump. I’m really not sure what to use in this application. Lots of conflicting cost and efficiency differences. +* Air Conditioner (AC) + * Need to look into ~~Multi-zone Ductless Mini Splits~~ vs High-Velocity Mini-Duct HVAC System. Mini Splits are ugly wall units, but allow room specific temp control. + * \*\*\*HVAC installer friend said, anything above a Seasonal Energy Efficiency Ratio (SEER) 14 in my area is overly efficient, due to only 2 months of the year being really hot. The higher cost of a SEER 14+ would likely extend the ROI too long. Conversely, my climate is likely to gain more hot weather due to the climate crisis. Having a higher SEER might be proactive. Having a properly sized system is key though. The same is true for a high-velocity system, just install a traditional duct system that is properly insulated. No need to pay extra for high-velocity with no added benefit. +* Proper Sealing and Insulation for Climate Zone 6 + * For Zone 6 Climate, All Heating and cooling components should be insulated. Floor (under basement slab) should be insulated at an R25 to R30, 2x4 or 2x6 wall cavity should be R13 to R21. Ceiling should be R30 to R60, but could be integrated with Attic which would be insulated at R49 to R60. Outside walls should be covered in an Air and Water Barrier Barrier and then have a continuous insulated Sheathing as follows, 2x4 studs a minimum of 2 inch rigid foam with a minimum of R7.5, while 2x6 studs a minimum of 3 inch rigid foam with a minimum of R11.25. +* Quality Windows and Doors + * Solid wood door will have an R-value of R-2 or R-3. An insulated steel or fiberglass door will have an R-value that is twice as good — generally R-5 to R-6, but in some cases as high as R-7. ([https://www.greenbuildingadvisor.com/article/all-about-doors](https://www.greenbuildingadvisor.com/article/all-about-doors)) + * Triple pane windows can get up to an R-value of 9 or 10. + * Doors should open into a mudroom/entry-way to help with their low R-Value. Kind of like a pressurized room before you enter outer space. You’ll have less energy loss that way. +* Appliances with low operational cost + * Note: **Induction Stovetop** is a must! If you don’t know about this tech yet it’s as accurate and quick as gas but powered by electricity with magnets. ([4 min video on it | PBS.org The Wrap](https://www.pbs.org/video/the-wrap-induction-cooking-31384/)) +* Geothermal Heat Pump + * Hoping [Dandelion Energy](https://dandelionenergy.com/) will have expanded to do the install. $40k or less should be a good ROI over 30 years. + +# Resources + +Here are a list of sites, videos, shows, whatever that informed me on a lot of this document. + +## Highly recommended resources to read/watch + +* [This Old House Season 40 Episodes 1-13](https://www.thisoldhouse.com/watch/this-old-house-tv?season=40&project=192731) +* [Pro2Pro Premiere: Exterior Walls That Exceed the Code | This Old House](https://www.youtube.com/watch?v=Hp6URfg7xxU&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=14&t=0s) +* [Pro2Pro LIVE: Window and Door Installation Master Class | This Old House](https://www.youtube.com/watch?v=pDa2yVaLXQE&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=15&t=0s) +* [The Twelve Essential Steps to Net Zero Energy with Ted Clifton (Clifton View Homes)](https://www.youtube.com/watch?v=SE0_CJKADPk&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=10&t=0s) +* [Recommended Home Insulation R– Values | energystar.gov](https://www.energystar.gov/index.cfm?c=home_sealing.hm_improvement_insulation_table) +* [Seal and Insulate DIY Guide PDF (12.7MB) | energystar.gov](https://www.energystar.gov/ia/partners/publications/pubdocs/DIY_Guide_2016.pdf?5e21-a8c6) +* [ENERGY STAR Most Efficient 2020 Criteria | energystar.gov ](https://www.energystar.gov/partner_resources/energy_star_most_efficient_2020_criteria?s=footer) +* [https://www.energy.gov/eere/buildings/zero-energy-ready-homes](https://www.energy.gov/eere/buildings/zero-energy-ready-homes) +* [Database of State Incentives for Renewables & Efficiency](https://www.dsireusa.org/) +* [Rethinking the Rules on Minimum Foam Thickness | greenbuildingadvisor.com](https://contractors.efficiencyvermont.com/Media/Default/bbd/2019/docs/presentations/efficiency-vermont-bbd-rethinking-the-rules-on-minimum-foam-thickness.pdf) +* [ADVANCED WALL FRAMING | Dept. of Energy](https://www.nrel.gov/docs/fy01osti/26449.pdf) + +## More Resources + +* Zone 6 Insulation Recommendation: + +|**Heating System**|**Attic**|**Ceiling**|**Floor**|**Wall Cavity**|**2x4 Wall**|**2x6 Wall**| +|:-|:-|:-|:-|:-|:-|:-| +|All|R49 to R60|R30 to R60|R25 to R30|R13 to R21|See Below|See Below| + +&#x200B; + +|**2x4 Wall**|**2x4 Wall**|**2x6 Wall**|**2x6 Wall**| +|:-|:-|:-|:-| +|Minimum R-Value of Foam Sheathing|Minimum Thickness of ESP Rigid Foam|Minimum R-Value of Foam Sheathing|Minimum Thickness of ESP Rigid Foam| +|\>R7.5|\>2 inches|\>R11.25|\>3 inches| + +&#x200B; + +* [SunAngle Software | Sustainable By Design](https://susdesign.com/index.php) +* [IFC Builder Magazine | May/June 2020 Issue](https://www.icfmag.com/product/may-june-2020/) + +# Don’t Forget + +Here is a list of things to check before buying land or before building/designing the home. A lot of this is likely my random thoughts and geared towards my own personal preference. + +## Things to note: + +* Soil conditions should be assessed by a geotechnical engineer. It should only cost a few hundred dollars. Don’t want the land to settle after the home is built. +* Check Land for title and easement. Questions can be answered by a title company, previous owners, and public records search. +* If the main windows are facing the road or a neighbor's house. Build an artistic tall wooden or stone wall around the property edge with bushes or some kind of trees to make it feel like you live in the wilderness. +* Have artistic or interesting designed walkways, arches for doorways. Having curves or some kind of design is better than every house having a rectangular cutout in the drywall. +* Any Equipment in the home (Water heater, plumbing, electrical…) should have ample room to work on and or be removed/replaced. Designing a room you can’t stand up in, can’t move something into/out of or you can’t fit it through a doorway/around a corner is a pain in the a$$. And will likely have repair people charge you more knowing it’s harder to work on. AKA, Think about the room you need to work on things, think about shutoff valves at any point of failure, and think about placing things near their use. Like, don’t put a sink on the opposite end of the home so you have to have over 100ft of drainage and supply pipes. + +## Personal Building / Room Notes: + +* Nothing less than a 36” door width. +* Nothing less than 9ft ceilings. +* No Popcorn ceiling, ever! +* Every room (not bathrooms) should have 2 or more Ethernet Ports. +* Kitchen, Living room, and Dining room should all be connected and be designed to have a line of sight from one room into another. + * Have a place to store mail and papers. As well as a place to take quick notes during phone calls. + * Have a long shelf or some kind of nice looking storage for mobile device charging. Picturing a long row of concealed plugins or USB ports. Some should charge at a low rate 1amp and others should charge at a high (fast charge) rate of 2+amps. Fast charging can shorten the life of your battery, so using low 1amp rates can extend the life of your battery. +* Install ceiling/in-wall speakers for ambient music (or announcements) in: + * Kitchen + * Bathrooms + * Living/Dining room + * Garage? (might just set up speakers on wall mounts) + * Outside? (might just set up speakers on wall mounts) +* The bar could be in the Library/Study room or maybe in the Kitchen/Dining room. +* A big mirror in the entryway for putting a coat on and checking hair and makeup before leaving the house. +* RainWater Catcher/Harvester System + * Use IBC totes 330 gallon x2 (660 gal) + * Winter proof / drainable + * This would mainly be used for garden and possibly toilet water (secondary supply). + * Look into a gray water system to also do something (water garden?). +* Bathroom should have a sit-down Vanity with daylight lighting, lots of makeup storage and versatile mirrors. +* Lawn should consist of local Microclover sod/seed. +Planning to overhaul my existing portfolio after realizing that beating the market is no child’s play, and trying to do that with a fulltime job and no investing education is extremely difficult. + +Planning to build a portfolio with S&P500, VTI, QQQ, ARKK, ARKF + +I understand ARKK is super volatile, and is not done going down yet, but the idea of the etf is sound. It has built a strong portfolio over time, which I think might outperform the market in the next few years, though all of it comes at extreme high risk. + +How does a 25% QQQ, 30% VTI, 25% SP500 and 20% ARKK, ARKF sound? + +How does that sound? + +Edit: should I also invest a part (10%) in Bitcoin? +Goldman Sachs must have lost alot in the GME squeeze because they told CNBC the market is now a "greed hive" with "engineered short squeezes". + +They didnt mention WSB or GME directly but it's very easy to read between the lines. They mentioned "illiquid stocks, traded on margin" and "speculative Options" as if these are actual concerns and as if they haven't been doing this same shit for the last 50 years. + +Keep in mind these are the pricks who sold CDOs and helped engineer the 2008 crash. + +TLDR: Institutions are starting to get scared and the slander is begining. + + +The stock market is at or near the most-expensive levels ever by most measures + +https://www.cnbc.com/2021/01/23/the-stock-market-is-at-or-near-the-most-expensive-levels-ever-by-most-measures-when-will-it-matter.html?__source=androidappshare +u/fudgiegood + +Scammer, dude runs a paid group in which he alerts wheeling cycles but he has no credentials. + +Be wary of him in this group. He kept trying to flex level 3 naked options access as to why he’s legit. When I proved to him I had it in exchange for a call to question him about how qualified he was, he gave me a fake number and blocked me. + +Also I looked into his comment history and he’s been harassing this other guy that called him out and said it was ridiculous to charge for covered call alerts since it’s cyclical strategy that shouldn’t require a paid service. Like he threatened to call his university over that....dudes got an issue +BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they’re likely to get worse. + +Mass bankruptcies, empty planes, cautious consumers and an increase in the corporate tax rate to as high as 29% were part of a vision Fink sketched out on a call this week. The message from the leader of the world’s biggest asset manager contrasts with the ebullient tones of a stock market that has snapped back from recent lows. + + +Even among Wall Street luminaries, Fink speaks with particular clout. He has been advising President Donald Trump on how to navigate the effects of the coronavirus pandemic. And BlackRock is playing a key role in the Federal Reserve’s efforts to stabilize markets, helping the central bank buy billions of dollars in assets. + +Fink said on the call with clients of a wealth advisory firm that bankers have told him they expect a cascade of bankruptcies to hit the American economy, and he wondered if the Fed needed to do more to provide support, according to a person with knowledge of the remarks. + +A BlackRock spokesman declined to comment. + +Even as the U.S. is plunged into deepening economic gloom, it will have to raise taxes to pay for emergency efforts to rescue sectors grappling with a difficult recovery, he warned on the call. + +Among his predictions: lifting the 21% corporate rate signed into law as part of 2017’s tax overhaul to about 28% or 29% next year, according to the person. Fink also said he sees tax rates for individuals going up. + +Read more: BlackRock Takes Center Stage With Trump Seeking Calm Markets + +​Raising taxes would water down the biggest legislative achievement of Trump’s time in office, when he and a Republican-controlled Congress drove through the most significant changes to the tax code in decades. + +Lower corporate rates juiced profits and showered cash on shareholders through increased dividends and stock buybacks. Now, at a time when many taxpayers are less able to bear the burden of higher taxes, the government may be forced to extract a larger share of companies’ and individuals’ income. + +The spread of the coronavirus, and measures taken to mitigate it, slammed the brakes on the economy. While Trump pushes to reopen commerce and his officials predict a rapid rebound, public health experts and some economists are skeptical the crisis will soon be over. + +Politicians, business leaders and economists are beginning to confront the risks of a limited federal response that might speed up the demise of smaller companies and wreck state and municipal finances that pay for schools, law enforcement and infrastructure. + +Read more: From Houston to New York, America’s muni finances are in tatters + +That won’t be the only strain on companies. Many may have to operate with only about half their staff in the office for more than a year, according to Fink. Across white-collar industries, millions are working remotely from home. It would be hard to see a complete return without mass availability of rapid testing, he said. + +There’s a risk that the U.S. outbreak will be severe enough to leave a long-lasting impact on the American psyche, undermining Americans’ willingness to take public transport or fly, according to Fink. He said he’s not aware of any of his CEO peers planning international travel this year. + +Underscoring the point, this week home-sharing leader Airbnb Inc. and ride-hailing firm Uber Technologies Inc. announced plans for mass layoffs as they wrestle with falling demand and dimmed prospects for the rest of the year. + +Read more: Gig Economy Companies Are Facing Twin Crises + +Many of the U.S.’s 30 million small businesses have struggled to get the relief they need. If the crisis continues, about 25% of those companies could close permanently before year-end, according to an April report released by Main Street America, a network comprising approximately 300,000 small businesses. + +Restaurants that typically operate with thin margins will struggle to survive as they plot out ways to lure back customers with social-distancing measures in place, Fink said. + +Fink also said he was concerned the worsening economic duress could further fan the flames of nationalism. The devastating impact from the coronavirus could make it a bigger threat to the global order, he said. + +https://www.bloomberg.com/news/articles/2020-05-06/fink-delivers-grim-outlook-with-tax-hikes-for-corporate-america?sref=s0L1qQ1H +My wife wanted to move on from her perfectly good 2008 4Runner, said the first 132000 miles were the best. + +We go shopping for what she wants to get now (don't ask...) and get a dealer's trade quote. I am reminded why I have only ever traded in one car in my life. (I've been around for a while, not that we flip cars.) + +The dealer trade calculation comes up with about $10,000, despite the vehicle having several very desirable options. I figure that's below retail value by several thousand, and the dealer confirms it. Why wouldn't it be? They want to make money selling it. + +I tell my spouse that I can do better than that, and she humors me. We own the vehicle outright. It is in excellent condition with no accidents, no mechanical issues and clean inside and out, when she is not using it to move big bales of hay and so forth. Toyotas in general and 4Runners in particular have a very good reputation for reliability and hold value well, so it should sell readily. + +We take pictures, and I put ads on autotrader.com and also craigslist. Autotrader is a big volume site, and craigslist is a necessary evil, perhaps. The listing costs $49 for Autotrader and $5 for craigslist. I price it at $13,000ish, which is at the high end of what the resale calculations claim is retail price, above even private party value. Then we wait. Always stressful, since we depend on what strangers do. + +Not to worry. I get multiple inquiries / day. A few are just silly. "I'll give $8000 in cash!" (I bet you would.) Some are earnest. "Have you changed the timing belt, and can you send pictures of the undercarriage?" All good. One guy is willing to fly up from Florida. It turns out that there are only a few of this model on the market in the country, and the ones under 150K miles are offered by dealers for thousands more than I am asking. + +I ultimately get someone local who comes to look at the vehicle with bank check in hand; he's a nice guy, everything checks out, he takes the car for a test drive, we call his bank to confirm he didn't just forge some bank check, and everybody is happy. He gets the car and the title, we get a bank check for the asking price four days after listing the vehicle. + +The personal finance lesson is not so much that you could expect this exact experience, since I've often had to wait longer, deal with more buyers, or take a discount to sell a different type of vehicle. It's also not that I am some amazing car salesman, since I maybe could have got even more by asking more, but that wasn't the goal here. + +The lesson is: since you would (and should) shop around to find the best deal on the vehicle and on financing, don't leave thousands of dollars on the table to save a few hours' work selling your old vehicle. + +Edit: yes, in many states you can save on sales tax with a trade, though that is not the case in Virginia. "Unlike some other states, in Virginia, they apply the sales tax to the full price of the car before any credits from trade-ins are applied." + +Edit again: Carvana online offer (based on actual VIN): $9868. +I am not new to the risk of penny stocks, been playing with pennies for about 8 years now. Luckily, I have had a lot more success than fails but do not take this as "financial advice" and more something to think about. + +Lets talk $HCMC.. the most hyped stock in my opinion over this past weekend and is being pushed for it to still have momentum. If you truly believe this stock will hit a $1 you need to take a step back and learn how much is needed to move a stock with 105.1B Outstanding shares... to put it in perspective, Apple for example has 16.8B.. Apple the Trillion dollar company. I am not saying you can't take a quick gain but read on what share dilution is and how it effects the stock price. When the court decision does occur with HCMC, expect some movement but to move toward $1 the company needs to do a reverse split. I am sure there is a lot more into how a company can reduce its outstanding shares but that is a common one I have seen in pennies. I won't go in-depth in what a reverse split is but look up on that. This stock will move if truly everyone actually throws some cash in it but don't expect a full dollar with 105 B Outstanding shares. + +I understand it can be challenging to filter on what will be the next 30% plus gain in one day. Maybe you have seen 100% - 1000% gains on stock websites. Some of you I see asking for recommendations on a $100 to play with on your first investment. You got to know what would be considered a "pump and dump" and a legitimate company. Let's take $INKW for example, this stock had increased close to 80% today. A good amount of people have posted about this stock the past few weeks, and today it moved roughly 80%,. Deals with Walmart, selling out on Amazon, and moving toward Hemp water. There is actual PR (Press Release) with recent information on the stock. It takes 10 mins to learn all this about the company, or what you will see people call DD (Due Diligence). 10 mins of my day before thinking hmm should I jump in? Am I missing the ride? or is this a long term play for me? + +The market for me is just a bunch of hype and speculation. ESPECIALLY PENNIES. I personally don't see pennies as long-term investments. I get in and get out like my wife's boyfriend when I go to work. but you got to know what works best for you and if you truly believe in the company. Lets take some other popular stocks I have seen posted here: $OZSC, $ILUS, $HITIF (admitting I own this one for my weed play), $TSNP. I have seen these stocks have solid PR but would not jump in unless DD was made. + +As you grow to be an experience trader, learn how to read candlestick graphs. It can be a snoozer learning but if you understand it, it will help a good amount if you want to buy in dips or see when you want to sell. ITS OKAY IF YOUR STOCK GOES RED. Yes, pennies are more risk. I had days losing everything when I first was trying to invest in them but I also had days with huge gains. Its okay to hold but hold knowing your risk tolerance. Remember, you thought long-term because you believed in this company and it has solid potential. Long-term is long-term so don't let a bad week make you take a big lost only to see it rise again the following. + +I am in no way an expert in investing nor trying to give you investing advice. This is more for people who really want to understand how to invest, but the high from one of your stocks performing at a 100% and letting your emotions get to you can be a rough lesson to learn when you expect it every time. I didn't understand how to play pennies at all firs starting and for me losing even $100 was a big deal at the time. + +There is a lot of pump/dump post on here I been seeing from day old accounts. I even look at the companies they are trying to pump. If there is no website, social media is terrible, or real product ... it is a P/D. + +I ask all experience traders to share their advice on this post so we can combat the bots we have been seeing for the crowd. + +Good Luck to all the new investors. I consider pennies as a daily gamble more than a long-term. I am sure others view it different. + +EDIT: + +Just scrolling through frequent questions - + +I use TD Ameritrade as my broker. Look into how to use their thinkorswim platform. + +I recently opened a Fidelity account to avoid OTC Market trading fee’s though. + +Found an article that gives a good summary of some major brokers for pennies: + +https://www.google.com/amp/s/www.timothysykes.com/blog/best-broker-for-penny-stocks/amp/ + +I never been a fan of Robinhood. I opened an account when it was up and coming but didn’t like the layout and lack of stocks that were available to invest in. So not sure how it is today but I do know you can’t invest in the OTC Market through this broker. + +Asking for my thoughts on a specific stock - + +I really don’t know about some of the stocks that were posted on the comments so I have no thoughts. +I see some popular come up, like $OGCN. But I don’t know anything about that company besides it being popular on this subreddit. + +Messaging me to ask on what company you should +Invest in - + +Sorry, I don’t want to answer that. Awesome how you took this post but again I am not an expert. Just sharing my years of experience. I invest with confidence but the risk will always be there. I don’t want you to jump in a boat I wasn’t aware had a hole in it. + +What I do when I find interest in a stock but unsure on it is put it on my watchlist. With Ameritrade I am able to keep tabs on its performance, press release, and most of all the dip! But my watchlist consistently change. + +Advice on learning to read candle sticks - + +Man, this for sure was challenging for me. Probably because it is boring to learn lol. YouTube taught me. I don’t have any sound advice besides looking there. I can’t find the video that I saw repetitively anymore but just searching for it, I see a good amount of people teaching. + +When I got comfortable, I experimented with $20 often to see if I had it down. I am sure some people just catch on to it, I wasn’t one of them. But now it is crazy easy to read. +Male, 24, making a decent salary giving me 2200 (ish) probably increasing soon. I got my self in a really fucked up state of mind, and did a lot of terrible financial decisions this year. I got it twisted and really fucked up by gambling a lot. Firstly I should say I've been working for 2 years, and making a pretty decent living from what I do. I got out of uni with a bit on my overdraft which was quickly paid off a few months down the line, and then I bought a car on finance which was a reasonable monthly outgoing. I live with my parents so I don't have to pay rent, so you'd think i'd be able to save a decent amount. Nope. I never, I don't know what I'd do but i could never save, I end up spending everything + more. + +In 2022, I was tight on cash, while I had certain responsibilities to my family, I took out a loan because I was tight on cash. I didn't really need to take the loan out, but I did regardless. That was financial disaster number 1. From seeing all the beautiful excess cash in my account, I ended up gambling it all away. And low and behold, I had a 7K loan to pay and nothing to show for it. (Paid CC's with 3K, gambled and lost 4). The second disaster was a few months after getting back to 0 (minus would be more accurate). You'd hope I'd stop there... but no, the power of being able to get money really got to me, and before I knew it, I'd taken a 10K loan out at 19%. And there is financial disaster number 2. Without even needing to say it, I lost every penny from that and just kept on over spending, now I have a car on finance (6K remaining), a 7K loan at 20% and a 10K loan at 19.5%. + +The reason I took out so much is I had to maintain appearances of having decent savings when I was spending everything I had on a lot of stupid. And the debt piled up. + +I know I really need to fix up and I guess this is my first cry for help. I'm just about able to manage, but this month will be another month of relatively high expenditure due to a few work trips I need to do. + +&#x200B; + +PS: Not a gambling addict, never was; it was a bad phase in my mental and i'm now dealing the consequences of my actions. I wanna know what options I could potentially have / any tips from people who have been through a similar experience. + +&#x200B; + +Edit 1 + +List of monthly outgoings + +* Loan 1 - £203.79 +* Loan 2 - £364.08 +* Car loan - £155.29 +* AA - £6.96 +* Phone - £34.95 +* Others (Gym, Netflix) - £51.37 +* Fuel \~ £200 + +Income - £2,276.48 + +Current financial point: Just got paid today, I paid off my CC from last month (was a high spending month). + +I have 1 CC statement to pay off £383.75 and I'm good on CC debts for this month + +Edit 2 + +I was totally addicted to gambling and definitely lost the plot. I'm not a denier of that, but the person I am now to the person I was 4 months ago is completely different. I am maintaining a much healthier life that definitely doesn't involve me gambling. +The title pretty much says it all. + +ALL three of those conditions must be met. + +We may look back on this week as the beginning of a turning point for market fairness and transparency. I certainly hope so, anyway. + +The HBO documentary, *Gaming Wall Street,* featuring Dr. Susanne Trimbath and maybe u/DeepFuckingValue, and *The Problem with Jon Stewart*, featuring u/dlauer and Gary Gensler, are both being released tomorrow, March 3. + +There's an ongoing DOJ investigation. + +Retail investors are commenting on new SEC rules. + +But...I will not be placated by any potential changes to market structure, even if they are sweeping changes for the better. + +The criminals on Wall Street have been stealing from the rest of us for decades. Your retirement accounts and those of your friends and family members have been essentially used as gambling money by these financial terrorists. + +Retail investors have been used and abused by a rigged game designed to steal from them for longer than many of you have been alive. + +They have stifled innovation and destroyed companies that could have brought forth medical breakthroughs and other technologies that would have saved lives and eased the suffering of millions of people. + +If vile, repulsive "people" like **Steven A. Cohen** and **Kenneth Cordele Griffin** do not face harsh repercussions for their actions, meaning complete loss of their assets and serious jail time, then justice will not have been served. + +And if the price of GME is not astronomically high, then that means those of us in the bottom 99.99997% have not recouped what has been stolen from us over the past few decades, and it's just not worth it to sell any shares. + +ALL of these things must occur for me to even think about selling a single share. I refuse to play nice or let any of these worthless parasites off easy in any way. + +Pay me a boatload of money. + +Create a fair, transparent, efficient market. + +Strip the financial criminals of everything they own. + +Send them to prison to rot for their crimes. + +Then I MIGHT sell a share and help untangle this mess that they've gotten themselves, and the global economy into. + +Otherwise I will continue to BUY, DRS, and HODL for the rest of my life. + +Eat shit Wall Street. You get what you fucking deserve. + +Edit: I do not begrudge anyone who might sell when the price is through the roof. Everyone should make the best decision for themselves and their situation. By all means, take the money and run if that's what is best for you, then go forth and enjoy your newfound tendies and freedom. None of this is financial advice. + +*Edit 2: I should also mention that no matter what, I will be holding on to a large number of shares because I wholeheartedly believe in Ryan Cohen and the tech behemoth that he and his team are creating. Regardless of anything else, this is a deep value stock and the company's transformation is going to be unbelievably glorious.* + +**Edit 3: The more I think about it, the more I think complete loss of their assets would be the most insufferable fate for these greedy, sociopathic bitches. I believe most of them would consider it a fate worse than death. Prison would just be the icing on the cake.** +The title pretty much says it all. + +ALL three of those conditions must be met. + +We may look back on this week as the beginning of a turning point for market fairness and transparency. I certainly hope so, anyway. + +The HBO documentary, *Gaming Wall Street,* featuring Dr. Susanne Trimbath and maybe u/DeepFuckingValue, and *The Problem with Jon Stewart*, featuring u/dlauer and Gary Gensler, are both being released tomorrow, March 3. + +There's an ongoing DOJ investigation. + +Retail investors are commenting on new SEC rules. + +But...I will not be placated by any potential changes to market structure, even if they are sweeping changes for the better. + +The criminals on Wall Street have been stealing from the rest of us for decades. Your retirement accounts and those of your friends and family members have been essentially used as gambling money by these financial terrorists. + +Retail investors have been used and abused by a rigged game designed to steal from them for longer than many of you have been alive. + +They have stifled innovation and destroyed companies that could have brought forth medical breakthroughs and other technologies that would have saved lives and eased the suffering of millions of people. + +If vile, repulsive "people" like **Steven A. Cohen** and **Kenneth Cordele Griffin** do not face harsh repercussions for their actions, meaning complete loss of their assets and serious jail time, then justice will not have been served. + +And if the price of GME is not astronomically high, then that means those of us in the bottom 99.99997% have not recouped what has been stolen from us over the past few decades, and it's just not worth it to sell any shares. + +ALL of these things must occur for me to even think about selling a single share. I refuse to play nice or let any of these worthless parasites off easy in any way. + +Pay me a boatload of money. + +Create a fair, transparent, efficient market. + +Strip the financial criminals of everything they own. + +Send them to prison to rot for their crimes. + +Then I MIGHT sell a share and help untangle this mess that they've gotten themselves, and the global economy into. + +Otherwise I will continue to BUY, DRS, and HODL for the rest of my life. + +Eat shit Wall Street. You get what you fucking deserve. + +Edit: I do not begrudge anyone who might sell when the price is through the roof. Everyone should make the best decision for themselves and their situation. By all means, take the money and run if that's what is best for you, then go forth and enjoy your newfound tendies and freedom. None of this is financial advice. + +*Edit 2: I should also mention that no matter what, I will be holding on to a large number of shares because I wholeheartedly believe in Ryan Cohen and the tech behemoth that he and his team are creating. Regardless of anything else, this is a deep value stock and the company's transformation is going to be unbelievably glorious.* + +**Edit 3: The more I think about it, the more I think complete loss of their assets would be the most insufferable fate for these greedy, sociopathic bitches. I believe most of them would consider it a fate worse than death. Prison would just be the icing on the cake.** +🚀DEFLATIONARY | RUG PROOF | LP LOCKED | OWNERSHIP RENOUNCED | COMMUNITY DRIVEN |NO BOTS| FAIR LAUNCH + +&#x200B; + +🚀Brand new crypto project is here bringing the most famous duo of the galaxy to the crypto space, the name is Schwifty and its going to moon! + +&#x200B; + +🔥Project is similar to safemoon and doge it's a meme coin that can shoot to the moon and its goal is to create a safe space for everyone to throw their investments in, it launched on Saturday 12.06 at 21:00UTC! + +🔥Schwifty is a deflationary token with 4% of every transaction being burned which will provide a safe space for mooning and scare away the bots and whales who are only looking for a P&D. + +🔓The liquidity is locked, and ownership renounced so you wont have to worry about rug pulls or any similar scams. + +🔓The token is 100% community owned and devs plan on hosting big community events and community pools in which you will all decide on the future ideas of the project. + +🔓Fair launch no presale! + +🔥30% of the tokens were burned on launch which will have a positive effect on the price. + +&#x200B; + +🌇We have a healthy and happy community which is very invested in the project everyone does their part and we are aiming on achieving big goals so join us in our journey! + +&#x200B; + +&#x200B; + +🌐Telegram: + +[https://t.me/Letsget\_schwifty](https://t.me/Letsget_schwifty) + +&#x200B; + +🌐Website: + +[https://schwifty.shiv.com.np/](https://schwifty.shiv.com.np/) + +&#x200B; + +🌐Twitter + +[https://twitter.com/SchwiftyBSC](https://twitter.com/SchwiftyBSC) + +&#x200B; + +Contract Address: + +0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88 + +&#x200B; + +Pancakeswap: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD3dbfFcc5D07bB9642D4e97D70c90d6538436B88) + +&#x200B; + +Locked Liquidity + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x042b054D6989ff2c01acDa317e38e1D184a32F4f&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x042b054D6989ff2c01acDa317e38e1D184a32F4f&type=lplock&chain=BSC) +I worked HARD all of the past year, paid off all of my debt and met my savings goal. + +I should be over the moon in happiness but instead I just feel completely numb empty. + +What is wrong with me? +###[New daily here](https://www.reddit.com/r/CryptoCurrency/comments/pjz7g6/daily\_discussion\_september\_8\_2021\_gmt0/) + + +------------ + +###IOS VOTING IS HAPPILY BUGGED, USE A LAPTOP/DESKTOP. + +It has recently come to our attention that a user has been operating several accounts for the sole purpose of bypassing the karma limits imposed by Governance polls to earn more moons than possible each distribution. + +&#x200B; + +For obvious reasons, we can't divulge too many details on how this has been identified, though Reddit admins have actioned some of the accounts listed (which usually happens when the accounts repeatedly upvote themselves) but you should know that this has been passed around the moderation team and there exists no shadow of doubt that these are the same entity. The user has since confirmed as much in a message to the moderation team. You may know this user as: + +u/Hame_BiH +u/TDavid13 +u/DestroRe13 +u/mahatmadandi +u/Obito_DOS3 + +&#x200B; + +**Over the course of the previous distributions, this user has been given a total of 138,733 moons - which should have been spread fairly around the community of users here that earns them.** + +&#x200B; + +While this user and all accounts have been permanently banned, the timing of the bans means that the 5,655 moons marked for distribution will still be paid out on the 8th September unless a poll passes. + +&#x200B; + +We have very strict rules on using multiple accounts to bypass the karma cap, or otherwise game the system in an effort to earn more moons. Rule 3 is "No Manipulation" and that counts for bypassing Governance rules for the subreddit. + +**It is not fair for the rest of the users who are following the rules to have these moons distributed for ill-gotten karma, especially not over several accounts.** + +Unfortunately, the rest of the moons these accounts have received cannot be recovered (the beauty of trustless, blockchain technology) but we can at least act now to prevent this final distribution from rewarding this user for their bad-faith posting. If this karma is removed from the distribution, the current ratio will increase, giving each and every user more moons for their karma this round This will be a record-setting poll if it passes, and it is a long shot. + +&#x200B; + +By this poll passing, it will remove the above accounts from the current distribution, ensuring they do not receive the final moons allocated for their posts in snapshot 17. The methodology to address problem users has been laid out by Reddit admins. + +An additional effect of the poll passing will be less karma in the pool, meaning the Karma:Moons ratio goes up - more moons for everyone! + +&#x200B; + +Thanks for reading. + +[View Poll](https://www.reddit.com/poll/pjxnut) +Hello, I am seeking any help thanks. My mom had mental health issues and took her own life when I was 8 years old. I was recently contacted by one of her former co-workers and was told that my mom left me a 401k. I am a little skeptical about her claim but assuming my mom did leave me a 401k, how should i go about obtaining the money in the account? She was in her 40s when she died. Is it even possible to receive money since it has been so long? I am under the impression the entire 401k was left to me. Any help and advice is appreciated. +From Sky: + +>**The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.** +> +>The cap which applies until 31 September is currently £1,971 a year, which was itself a 54% or £693 rise from the previous cap six months earlier. +> +>Ofgem chief executive Jonathan Brearley has told the Business, Energy and Industrial Strategy Committee that in October it will be "in the region of £2,800". + +That works out to a \~42% increase from the current cap, and a \~119% overall increase since the pre-April cap. Pretty grim reading. + +[Source](https://news.sky.com/story/cost-of-living-energy-price-cap-expected-to-rise-by-830-to-2-800-in-october-says-ofgem-chief-12620359) + +EDIT: Lots of the same questions in comments so here are some resources/answers: + +[MSE: What is the energy price cap?](https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/) TL;DR It's a cap on the **unit** price of gas and electricity. Unfortunately it is incredibly badly communicated by Ofgem using this "typical energy use" example figure of £XXXX a year which is both confusing (because it gives the false impression it's an absolute cap) and useless (because it tells you nothing about how your own bills will be affected). + +[MSE: Is it time to fix my energy bill or should I stick on the price cap?](https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/#letusknow) TL;DR As of today it may be worth switching if you've been offered a fix that's no more than **30%** higher than the current price cap. There's basically only a few tariffs that meet this criteria and they're not available to everyone. + +[MSE: What are the CURRENT price cap unit rates?](https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/) Here they are: + + unit rate/standing charge for CURRENT cap of £1971 + gas: 7p/27p + electric 28p/45p + +What are the unit rates if the NEW predicted price cap is actually £2800? + +Well that's a good question that's not easily answerable because we don't know how Ofgem will split the cap between the standing charge and the actual unit rates of each fuel (and they're sure as shit not going to tell you until well after the time when you needed to make a decision about fixing, thanks Ofgem, very cool). However, MSE mentions an OVO fixed tarif which is roughly equivalent to the predicted cap with the following costs: + + EXAMPLE unit rate/standing charge for PREDICTED cap of £2800 + gas: 11p/28p + electric: 42p/44p + +This is highly speculative of course and should be taken with a grain of salt, but good enough for getting a ballpark estimate of your bills/how fucked you are. + +[MSE: What should I do if I'm struggling to pay my bills?](https://www.moneysavingexpert.com/utilities/how-to-get-help-if-you-re-struggling-with-your-energy-bills-/) Some limited help here for some. Good luck folks. +Day 1 – Wednesday 5 February + +After repeated and failed attempts to withdraw my BTC from MtGox, I decided to jump on a plane and pay them a visit in Tokyo. + +After a 16 hr. flight from Australia I went straight to their offices, arriving at around 4pm. The receptionist in the lobby told me there was no one available to meet me and I should arrange an appointment. + +I refused to leave and after about 15 mins or so, the receptionist handed me the telephone to speak with a member of MtGox support. The support person referred me to their website. After a ‘lively’ conversation I told him I wasn’t gong anywhere, I didn’t travel 16 hrs to read a website I could have read at home. I would wait for Mark Karpeles to come down. + +Same thing happened 15 mins later, another call, more non-sense about technical issues, and a suggestion the authorities might have to be called. I told him great, I could lodge an official complaint against MtGox while they were here. + +After some hours had passed, the building cleared out and the receptionists left for the night. I was alone in the lobby. Then at approximately 8 pm, I was suddenly greeted by Gonzague Gay-Bouchery, Manager Business Development, and Mark Karpeles right hand man. + +I recognized him from some news articles. I thought great, and straight away put some burning questions to him: + +Q1. What is causing the withdrawal delays? + +• Well, because Gox is the best known of all the exchanges, we have been under the regulatory spotlight. + +• This has created problems with government agencies, and also with our banking partners. + +• There are also some ongoing investigations, which we cannot talk about. + +Q.2 Sure, and this would explain the FIAT delays, but what about the BTC delays; you can’t blame that on anyone else. + +• The BTC withdrawal issue is a technical one, and one that has previously affected the MtGox system, our engineers are working hard to resolve the problem. + +• As of now, some BTC withdrawals were going through + +• For those transactions that remain broken for a week, the balance of BTC will be returned to a customers MtGox account. + +Q3. A great way to buy time for a liquidity problem? + +• No, it’s a technical issue. + +Q4. So why are so many of the input addresses feeding into transactions in the queue coming up empty? + +• This is a complex technical issue to which neither of us know the answer + +Q5. Try to explain it to me. + +• Its technical + +Q6. There are over 40,000 BTC in the withdrawal queue, isn’t that the electronic equivalent of a bank run? + +• The 40,000 figure is not correct, and the goxreport isn’t accurate. + +Q.7 But I actually obtained this data from Delerium’s website who is a gox employee / contractor / associate. + +• I will have to look into that. + +Q8. Why doesn’t Gox prove they are solvent by transferring a large quantity of BTC between two internal wallets like Mark previously did. Then we can all check it out on the blockchain and be reassured? + +• The overwhelming majority of BTC are held in cold storage. Logistically and legally in would be difficult to replicate the transfer “trick” Mark previously employed at Gox to prove their solvency. + +Q9. Try me, how hard is it, what exactly is involved? + +• Obviously I can’t go into too much detail for security reasons, but it would involve physically obtaining them from 6 or more locations. + +Q10. Well, why don’t u do it, isn’t this a critical situation? + +• It’s not that straight foreword. + +Q11. You do realize no-one believes the technical excuses for the delay in BTC? + +• Mt Gox has the coins, it is a technical issue and we need people to be patient. + +Q12. What is you view on the poll recently published by Coindesk on Mt Gox? + +• Coindesk have a vendetta against MtGox. + +Q13. But they one of the most trusted sources of news in the Bitcoin community. + +• Some people have it out for Mt Gox. + +Q14. How do you explain the vastly different prices that appear on Gox compared with other exchanges? It recently went to 25%. + +• Some traders were responsible for the manufacturing the differential in an attempt to financially benefit from arbitrage. + +Q15. But people exploiting the arbitrage opportunity would actually reduce the price differential, not widen it. + +[I can’t recall receiving a response to this particular point] + +Q16. Is MtGox manipulating the price by directly purchasing Bitcoins on their own exchange? + +• No, MtGox is not permitted to do this. + +[coincidently, almost immediately after this meeting the price on MtGox tanked] + +Q17. People have a lot of money tied up in your exchange, and they don’t believe your excuses. All the evidence suggests something more serious going on at gox. You are playing with people’s lives here. + +• All the coins are safe; this is merely a technical issue. + +When I left the office that night, I wanted to believe that everything was indeed fine, and these were indeed some temporary technical glitches, but this view was somewhat influenced by the fact I still have BTC on their exchange. All the evidence appears to suggest something more serious. + +For the record, I gave Gonzague an advance copy of this transcript and offered him the opportunity to have any of his answers amended if he felt I misrepresented him in any way. A member of his support team replied by stating he did not have any comment on my version of the conversation. + + +Day 2 – Thursday 6 February 2014 + +I arrived at MtGox early, approximately 8am, and stood outside with a sign reading “MtGox, where has my money gone”. I got some curious looks, and a lot of questions from passersby about my protest. + +Then at approximately 9.20 am, Mark Karpeles himself came along carrying a large, and very fancy coffee in his hand that could have passed as a dessert. I immediately confronted him and told him we needed a chat. So he stopped to hear me out. + +I told him he was playing with people’s lives, and some people stood to lose their entire savings. Like Gonzague told me the night before, he mentioned technical issues, and that he would look into my case. + +Then 20mins later at around 9.40am Gonzague arrived. “Good news” he said, we have sorted out your account, go and check it online. After I got Wi-Fi connection back the hotel I discovered my failed BTC withdrawal transactions had been cancelled and all my BTC were put back in the one place in the world I didn’t want them: The MtGox website. Back to joining the queue of 40,000 other BTCs. + +I think this was some sort of ironic joke. I quickly tried to withdraw them again; but surprise, surprise, stuck again. + +By late evening, the majority of the other workers in the MtGox building had heard of my protest and were bringing me out sandwiches and beer, and inviting me to lunch. As it turns out, Japan is probably one of the better countries in the world to protest. Everyone is so friendly; I can see why the Goxies choose to set up shop here. + +As the evening drew on, it looked like I would have do a late one to catch Mark again on the way out. However, at around 7.30pm, I was approached by a law professor from a local university who has written widely on bitcoin legal issues. He was on his way to a bitcoin “meet-up” and asked me to come along to tell my story to the other bitcoin enthusiasts. I was reluctant to leave the protest but was interested in what other Tokyo resident’s thought of MtGox. + +When I arrived, everyone was very interested in hearing my story. There was a general consensus amongst the participants that MtGox was finished as an exchange. They acknowledged that MtGox had played an important role in propelling Bitcoin to what it is today, but its decline and ultimate closure was inevitable. + +However, there was some divergent views on the reason for this, most people, including myself are of the view that bad business decisions and incompetence were primarily to blame, while others held the view that government restriction, and secret investigations were hampering MtGox’s ability to function efficiently. Who knows what the truth is, maybe it is a bit of both. + +At the end of the day 2, there was a very worrying development, the data feed for the goxreport, and delerium’s MtGox transaction failure website were cut. Perhaps a final act of MtGox’s desperation to hide the truth. + +Day 3 – Friday 7 February + +I started my protest a little later today in the knowledge that most of the Goxies don’t start work until after 9am. Then there was an unexpected twist; another person showed up looking for Mark. He was an emissary of an early adopter and well known member of the bitcoin community, and was there to collect an eye watering amount of money. + +My emotions were mixed on seeing this person; on one hand I was glad to see another protester to fight the good cause. On the other hand, my heart sank in the knowledge that if Mark isn’t paying off his old friends in the bitcoin community then what chance do small fry like me have? + +As the emissary and I chatted, Mark Karpeles arrived, and we both confronted him, the conversation went on for some time and most of it conducted in French which I had trouble understanding. However I did mange to record the whole thing on video. + +The episode only came to a halt when Gonzague appeared in the lobby and rescued Mark. Very soon after this point, MtGox released a statement announcing that all BTC withdrawals were suspended. + +In conclusion, I think i just witnessed MtGox die today. I didn’t get my bitcoin, but glad I came and tried. +**I crossed the million mark this week!** I can't believe it's my turn to post this. Like many others, there aren't a whole lot of people that I talk to about finances, especially not this level of detail. I am sharing here 1) because it's cool, and 2) to help inform and inspire others to stay the course. Woohoo! + +Summary by year: + +|Year|Total Income|Total Spending|Year End Net Worth| +|:-|:-|:-|:-| +|2010|XXX|XXX|9,400| +|2011|59k W2|21k|60,800| +|2012|80k W2|24k|90,700| +|2013|84k W2|27k|153,400| +|2014|89k W2|14k|230,000| +|2015|93k W2|16k|289,600| +|2016|94k W2 |16k|374,800| +|2017|120k W2 \+ 1k Freelance|20k|526,000| +|2018|126k W2 \+ 63k Freelance|21k|616,500| +|2019|136k W2 \+ 113k Freelance|22k|957,400| + +Backstory: + +Started my career in the beginning of 2011 at 22 years old with $9k that I had saved up from working part-time jobs throughout high school/college. My parents supported me financially through college, so that obviously put me at a great place to start out independently upon graduation. + +First couple years out of college I made good money and had a lot of fun, but spent a bit more than I was comfortable with (lots of unnecessary eating out, drinking, etc.). I got more serious about the FI mindset in 2014 and split rent with roommates at a cheaper place, so was really able to rein in my spending. Basically continued this for the next few years while slowly earning more and more. + +I've always been a fairly frugal person. I'm the guy who never gets sodas at restaurants and only adds guac at Chipotle for special occasions. I track my expenses in Mint religiously. + +I've always pushed a lot of my money into investments (pretax as much as possible, taxable for the rest). It's easy to look back now and say that's a no-brainer, but you can pretty much pick any point in time over the last 8 years and find reasons why people though the markets were overpriced and going to crash. No different than today. Stay the course, it works. + +In 2017 I got a new job at a higher position in a large company. I also discovered that I now had a strong enough skill set that I could do some work on the side as a freelancer. + +In 2018 I was lucky to be connected to a few more clients and took on more freelance work. This growth continued in 2019 as I built a stronger freelance portfolio and found more clients. Between my "day job" and freelancing I am putting in a huge amount of hours weekly, but I enjoy the freelance work, I like my clients, and it's a lot more productive than sitting around and watching Netflix all the time (which is what I used to do). + +In the future, I hope to keep the traction that I've got going in my freelance work, and maybe turn it into a full business. I like my day job, but 9-5 M-F is just not my cup of tea (not to mention the drag of corporate bureaucracy and politics). I have relaxed a little bit to enjoy some lifestyle creep. No longer stress about adding guac for $2, not worried about overpaying for a trendy drink if I'm spending time with friends. I can feel my "value" shifting to being focused on "time" rather than on "dollars" and it's awesome. + +**TLDR: Set your plan, stay the course. Be open to opportunities to make more money (by switching jobs or side gigs). Keep your spending in check as best you can.** +**I crossed the million mark this week!** I can't believe it's my turn to post this. Like many others, there aren't a whole lot of people that I talk to about finances, especially not this level of detail. I am sharing here 1) because it's cool, and 2) to help inform and inspire others to stay the course. Woohoo! + +Summary by year: + +|Year|Total Income|Total Spending|Year End Net Worth| +|:-|:-|:-|:-| +|2010|XXX|XXX|9,400| +|2011|59k W2|21k|60,800| +|2012|80k W2|24k|90,700| +|2013|84k W2|27k|153,400| +|2014|89k W2|14k|230,000| +|2015|93k W2|16k|289,600| +|2016|94k W2 |16k|374,800| +|2017|120k W2 \+ 1k Freelance|20k|526,000| +|2018|126k W2 \+ 63k Freelance|21k|616,500| +|2019|136k W2 \+ 113k Freelance|22k|957,400| + +Backstory: + +Started my career in the beginning of 2011 at 22 years old with $9k that I had saved up from working part-time jobs throughout high school/college. My parents supported me financially through college, so that obviously put me at a great place to start out independently upon graduation. + +First couple years out of college I made good money and had a lot of fun, but spent a bit more than I was comfortable with (lots of unnecessary eating out, drinking, etc.). I got more serious about the FI mindset in 2014 and split rent with roommates at a cheaper place, so was really able to rein in my spending. Basically continued this for the next few years while slowly earning more and more. + +I've always been a fairly frugal person. I'm the guy who never gets sodas at restaurants and only adds guac at Chipotle for special occasions. I track my expenses in Mint religiously. + +I've always pushed a lot of my money into investments (pretax as much as possible, taxable for the rest). It's easy to look back now and say that's a no-brainer, but you can pretty much pick any point in time over the last 8 years and find reasons why people though the markets were overpriced and going to crash. No different than today. Stay the course, it works. + +In 2017 I got a new job at a higher position in a large company. I also discovered that I now had a strong enough skill set that I could do some work on the side as a freelancer. + +In 2018 I was lucky to be connected to a few more clients and took on more freelance work. This growth continued in 2019 as I built a stronger freelance portfolio and found more clients. Between my "day job" and freelancing I am putting in a huge amount of hours weekly, but I enjoy the freelance work, I like my clients, and it's a lot more productive than sitting around and watching Netflix all the time (which is what I used to do). + +In the future, I hope to keep the traction that I've got going in my freelance work, and maybe turn it into a full business. I like my day job, but 9-5 M-F is just not my cup of tea (not to mention the drag of corporate bureaucracy and politics). I have relaxed a little bit to enjoy some lifestyle creep. No longer stress about adding guac for $2, not worried about overpaying for a trendy drink if I'm spending time with friends. I can feel my "value" shifting to being focused on "time" rather than on "dollars" and it's awesome. + +**TLDR: Set your plan, stay the course. Be open to opportunities to make more money (by switching jobs or side gigs). Keep your spending in check as best you can.** +I have no clue what are in these, but they sound juicy. 🤷‍♂️ Anyone know anything about these? This isn't the 801 we've waited for I know that. + +SR-FICC-2021-003 + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf) + +SR-FICC-2021-801 + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-801.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-801.pdf) + +&#x200B; + +EDIT: Was posted yesterday but didn't seem to get much visibility. Original post: [https://www.reddit.com/r/Superstonk/comments/naxfrl/ficc2021003\_ficc2021801\_just\_added\_may\_12\_2021/](https://www.reddit.com/r/Superstonk/comments/naxfrl/ficc2021003_ficc2021801_just_added_may_12_2021/) + +Credit: u/ReverseTickleMonster + +&#x200B; +“Can you help me get some GameStop before the mother of squeezes starts?” + +I asked if he had been on Reddit today, and he said yeah he had spent his morning reading a bunch of stuff on StuperStock. He said he doesn’t understand it all, but if it’s wrong then he hasn’t lost anything, and it would feel awful to watch from the outside looking in if it’s right. + + +Hi Dad! P.S. Don’t look at my post history. +I'm interested in hearing about the journey some FatFIRE folks have had as a sales rep on a largely commission-based earning structure. Given the possibility of drastic changes in income it can be difficult to map out long-term savings goals - more of a "max out the moment" type of thing. + +For sellers in this community - what was your journey of base // OTE over the years? +Hey all! I just fatFIRE'd last year. I'm looking to move apartments (NYC) and was just denied from one because I'm unemployed and can't prove 40x the rent, which is the requirement. My 2.5% SWR is 75x the rent, but apparently they only count "active income." + +Have any of you dealt with this? Suggestions? I really don't want to buy, I've never lived at an address longer than a year as an adult, so buying seems like a messy option. + +edit: okay i guess I'm not going to be homeless. thank you all for the advice and assurances! +The learning curve in the stock market is weird. There isn't a road map. You'll have to discover the path on your own. + + +Stage 1: Beginner. + +"I have no idea what I'm doing". This is the stage most people are at. They constantly ask you about the basics. + +When someone asks me "Can't you just buy at 52 week low, and sell at high (buy low, sell ?" I always laugh. I've been there. It doesn't work. + +You hear all these buzz words and you have no idea what they mean. + +Experts say terms like short covering, unwinding, efficient market hypothesis and you sit like a dumb person. + +This phase is filled with uncertainty. It took me a long time to learn the basics. + + + + +QUICK TEST - Short selling, price action trading, divergence, technical and fundamental analysis, bid/ask, structure, trends, wedge, bullish engulfing, RSI, MACD. + +Do you know what all the above terms mean? If the answer is Yes, you probably know the basics. + +The goal as a beginner must be to LEARN as much as you can. + +You lose money pretty quickly by making all mistakes that seem very silly. + +You read Rich Dad Poor Dad, thinking it'll help you in investing (it won't). You pick up the intelligent investor but it seems like a total thy different language. + + + + +Stage 2: Intermediate. + +This is the stage where most people quit. They lose a lot of money even after spending time on learning. But they fail to understand other aspects. + +Your goal must be RISK MANAGEMENT. + +Your goal must not be to make money, it must be to protect your capital. If you manage to save 80% of your capital for over a year, congratulations! + +You understand that there's no golden strategy. You start focusing on Risk Management and Psychology. + +You start reading. + +You read books like technical analysis explained, technical analysis of the financial markets. You still don't understand the intelligent investor. + + +You read about systems and risk management and the 2% rule. You learn about the common biases and heuristics. + + + +QUICK TEST- volume analysis, smart money, stop loss hunting, elliot wave theory, Fibonacci, 2% rule, confirmation bias, futures and options, call/put, PCR, index management, position sizing, risk reward. + +Do you know what these mean? + +If the answer is yes. You might know the more advance stuff. + + + +Stage 3: Mastery. + +This is the stage where only a handful of people remain. + +Most beginners lose money, think that trading is gambling and quit. You manage to preserve your capital. You are safe. + +You make money part time, or maybe as a full time trader. + +You master your emotions. You have multiple systems in place. You know how Smart Money thinks and traps retail traders. + +You know if a position is being hedged or new positions are being created. + +Whenever someone says the same of a stock, you know the exact analysis and reason why they bought it. + +You also analyse data along with charts. You look at delivery percentage, derivatives data, macro economic factors. + +You can easily figure out which "expert" is truly an expert and who is just trying to sell courses. + + + +QUICK TEST- VWAP, Option Chain, Option Writing, implied volatility, open interest, short build up, long unwinding, + + +I am currently at stage 2.5 (I figured out risk management and position sizing and my capital is safe). But I am nowhere close to being an expert. + +What about you? Which phase are you in? + +-Vikrant C. + + +Edit: + +Stage 4: When you've mastered the market but you ran out of money in the process. + +Stage 5: When you stop trading and start selling fucking courses to beginners to pay for you new (used) Lambo. The zero risk strategy. +Yes, pardon the strangely titled thread. I believe more in the fundamentals of bitcoin than any other cryptocurrency on the planet. + +The "meta shift" I have seen over the past 7 months bothers me. Nobody wants to talk about bitcoin. Nobody wants to discuss mass adoption of bitcoin. Nobody wants to talk about liberating the Lebanese freelance artist or the Iranian just trying to buy games on steam or the village in rural Kenya that is located a 3-hour-walk away from the closest bank. Nobody wants to talk about DLCs and smart contracts on bitcoin or the best non-custodial lightning network wallets. No one is talking about taproot. + +No one is talking about how the creator of bitcoin never sold his coins. People are forgetting the first cryptocurrency that was ever created. People are forgetting metcalfes law. + +What I find ultimately more disturbing is that during the 2018-2020 bear market more people were talking about / cared to talk about bitcoin than altcoins. It just feels like a hivemind of "pump my bags" and little more. + +This is just a slight rant. It's like everyone there delusionally believes that an altcoin will surpass bitcoin and become the standard. If there is going to be another bear market, I welcome it. Just so we can go back to talking about bitcoin and lightning and the technology aspects of it all. + +EDIT: I strongly feel as though the majority of the new users that we have accumulated since this bull run began are coming from /r/wallstreetbets and /r/dogecoin. The sad part is, these people are throwing out fundamentals like "market caps" and just following all the Elon tweets or they got pulled in because they realized that robinhood can shut down stock trading whenever they want but there could be no such level of consensus among all centralized and decentralized exchanges. + +EDIT 2: "superior technology" showed up in 2017 in a slew of different flavors and not a single altcoin actually surpassed bitcoin. + +EDIT 3: I see that there is a cross post of this thread to the cc subreddit. To further refine my claims to the belief that no crypto will surpass bitcoin, I responded to a comment someone else here made with the following: All of these questions summarize "Why bitcoin is the next bitcoin.'" + +>Which coin is the "next bitcoin?" or in other words, the one coin that will replace bitcoin? Why is it that coin and not bitcoin? And how do you convince all of the banks and the traditional financial system to switch to that coin and not use bitcoin? Why would they switch to that coin and not use bitcoin? Why not use both? Is there a reason not to use both? This is why there will be no "next bitcoin" or a coin that replaces bitcoin. +Remember the 2007 housing market crash? Yes, the one in which John Paulson made 20 Billion Dollars and Dr. Michael Burry 800 Million Dollars betting against the subprime mortgages? + +This was their greatest trade, in which both John Paulson and Dr. Michael Burry were early, and were laughed at while buying CDS (Credit Default Swaps) on the mortgage backed securities. They both went thru their own share of doubts and skepticism while their well researched trade was losing money for a few years. + +Dr. Burry bought CDS in 2003 and added to his positions till 2006. His portfolio was in the red by 60%. The CDS that he had purchased for 15 million each in 2003 was valued at 6 million years later. + +In 2006, just a year before his investments would pay off big time, Dr. Burry was forced to abandon plans to raise funds to add to his position. In fact, due to pressure from his "investors" he was forced to sell part of the CDS that would print tendies just a year later.!!! + +The analysis, research and data was spot on. All that was needed was time.... John Paulson held on, and is now remembered for making "The greatest trade ever" though it was Dr. Michael Burry who was the first to predict the subprime mortgage crisis. + +It is my personal belief that GME will be the greatest trade ever for those who have the foresight, patience and the courage to hold on to their conviction in face of naked and abusive shorting of GME, while it is undergoing a well planned and executed transition. + +This is not investing advise. +What's up Theta Gang, and Happy New Year! + +This is a (Edit: VERY LONG, My B, but I think it's worth it.) semi-long one, but I don't do it often so indulge me this once. I'm not the best at putting my thoughts on paper and I don't use set in stone rules so if I leave something out or need to elaborate further please let me know. + +This sub keeps growing and there are a lot of new faces here. I think it's fantastic! I'm always looking for new tickers or strategies I hadn't tried before, and think we can all learn from each others success and failures. I wanted to take a minute and share what/how I go about my trades and share my YTD performance and portfolio. I wouldn't normally do so but I feel it might help anyone trying to really learn how I structure things. + +**YTD Value, Performance, and Context** +* Note that Schwab counts deposits/withdrawals into your "Personal return", which is hella weird, so the second page shows the actual return and net investment. +* I started the year with about $130k spread across Vanguard and Robinhood. +* In March I ACAT transferred both accounts to Schwab, hence my history starting in March. Both accounts had already felt the blow of the Feb-March decline, so my starting balance with Schwab was around $105k with $15kish in unrealized losses. +* I realized those losses in March, so they count against my P&L below, and started actively managing my portfolio. +* I have deposited about $60k YTD between March-December. So the "time weighted return" they show is probably most accurate as a lot of the deposits came mid-late year. +[Portfolio Value & Performance](https://imgur.com/a/x5XJWWX) + +**Account Details** +$340k overall value +$275k Securities value +$18k options value- $38k long, $20k short (Counterintuitive to Theta Gang, but I have some synthetic longs and Calendars.) +$45k cash +$135k Option Requirement. (Essentially what Schwab is holding out of my BP) +$125k Cash + Borrowing still available +[Portfolio Positions](https://imgur.com/a/rkRRkpf) + +As you can imagine, trying to separate stock gains, long option gains, and Theta gains would be impossible with all the stuff I have going on, so I keep a spreadsheet specifically for my Theta trades. I highly recommend it. Theta gains this year are roughly $60kish. So another $100k was from stocks. +[Theta Gang Spreadsheet](https://drive.google.com/file/d/1ytHasWFxo-xokw0cpUW3wNrLGRYNj-bG/view?usp=sharing) + +*Disclaimer:* I am sharing MY strategy that works for me. In no way, shape, or form am I claiming it is the best strategy or that it will work for everyone. It just works for me. If you wanna be a dick about how much better you could have done take it somewhere else. I am NOT claiming to be a guru, this year has been insane and I anticipate next year will be much more difficult. + +**Compounding on Steroids** +Trying to figure the best way to explain what I do/my goal is and I came up with this at the gym today. Lol So I will try to summarize as best I can, and outline the strategies I use below. +* I just turned 26 and my ultimate goal is to build wealth to the point where I don't have to work my life away. Known too many in my life who have no savings at 60. So my wife and I both work, she has a side gig, and this is mine. We are very blessed considering the current state of the world. +* I am a HUGE believer in compounding. Buy stocks, deposit monthly/DRIP, buy more stock, reap the benefits over the years. +* The premium I make from selling options is basically double compounding (hence the steroids.) + * That premium allows me to buy more stock which should appreciate and compound over time. Offering even more gains (as seen in my YTD stock only gains.) + * When I take that premium in and buy stocks, this increases my marginable assets, which increases the Marginable Buying Power I have available to sell options, which compounds/scales my ability to make more selling options. +* This is all a really big snowball effect that, if managed responsibly, I believe will deliver strong returns even in a less bullish market. +* I mention the responsible part because it would be really easy for me to get over my skis, overleverage, and be screwed in a huge downturn. There are a couple thing I do to try and keep myself prepared. + * Always keep some cash on the side for assignment if unavoidable. + * Position Sizing. Can't preach it enough. if 2 or 3 contracts go against me I can take a semi-reasonable loss and move on. 10+ contracts can wreck you fast. + * Diversify. In a mass correction this may not help as much, but having my risk/contracts spread across numerous stocks certainly improves the odds. + * Be proactive. When I am cautious of the market (like now) I will hold more cash, sell options lower than normal (10% below current stock priceish) and give myself more flexibility to add on dips. +* Obviously I benefit the most in the bullish markets like we have had, but in a flat/down market I can still capture premium selling time/volatility and use that premium to buy more stock lower. +* Just as I compound on the upside, the downside compounds as well (Early June, September and late October were rough). However, keeping the flexibility I mentioned above they have always been great opportunities for me to add more risk and benefit. + +**"Naked" Puts on solid stocks.** +Definitely my go to play with this market, which should be no surprise. I want to add context to the naked part though. These are "Naked" because they only reduce my margin buying power and I don't have the cash held as collateral. However, I could sell my assets at any point in time if I had to take assignment. +* Assignment is not the goal here. +* I avoid memes for the most part. They offer a lot of premium, and that is for a reason. +* 30-45 DTE +* Delta range really depends on the play, how bullish I am, and how much it has already pulled back. + * If I think the stock will pull back farther I will start at a lower delta, .10-.20, and "average in" on the way down. + * If it has already pulled back significantly I will enter my entire play/position size at once in the .25-.35 range. +* Occasionally I will sell a quick expiry (7-10 DTE) if I think a downside move has been overdone, or if it's a stock I want to own. +* I play things pretty fast and loose so no hard set closing rules. I typically look to lose at 70+% profit or when the risk/reward looks better elsewhere. If I still like the play I will take my profits and roll to the next month's expiration. +* TA (Technical Analysis) is not gospel, but for me it has generally provided pretty good guidelines and ranges to play. You don't have to use it, but I do think a simple understanding of support levels, RSI, and Trendlines will make you a much more successful trader. Volume at price has also been helpful to me because it really shows where a stock likes to bounce around/trade in a range and this offers a really good basis on where to set your strike. + +**Naked Calls** +This is a fairly new strategy for me, but basically trying to take advantage of insane stock pops with low delta, low DTE calls. +* 7-10 DTE I go for less than .10 delta +* 15-20 DTE may look at .10-.15 delta. +* I am HEAVILY long the market, so adding a little short delta here and there is something I am trying to do more. +* I don't like being short, so when the profits get over 80% with <5 DTE I look to start closing. +* If they are expiring >5 days and untested let expire worthless/close if BP needed. + +**SPX Puts** +Still learning/refining this from you guys knowledge. +* This is new for me but I am trying to constantly learn/expand. +* Looking at .04-.06 delta puts. +* Short term 1-4 DTE +* Longer term 20-30 DTE will look at .10ish delta + +**Long Stock** +* Obviously not Theta, but a core part that anchors my portfolio and allows me a lot of leverage and leeway with my option selling. Blue chips, diversification, ETF's. +* Personally, I don't think I could have made the $160k I made this year purely option selling. Some of y'all generate amazing returns with 100% cash, and I am not talking shit on it, I just prefer having stock returns as well. + +**Calendars/Diagonals** +I love calendars and think they can make a lot of money, but if you get in a situation like I did with BABA you are pretty screwed on selling shorts against your long. +* If the long tanks and my thesis hasn't changed I tend to average down. +* Long leg 6-8 months out, Short 30 DTE +* Close short when 70-80% drained and wait to re-short +* Write 20-30 DTE shorts against it on pops +* I prefer at least a .20 delta spread between the long/short. I normally go about 20% OTM on the original trade which gives you room to short at the same strike (calendar) 30 days out. If that closes/expires worthless and your long call goes ITM, go diagonal with your shorts and write above your strike. +* If your short goes ITM and your delta spread gets less than .1 start looking at rolling to the next monthly expiration and up in strike. + +**Hedges** +This is a hard one because it's almost like throwing money away, but the one time you need it you will be glad you did. I know we all have some different strategies but anything to help sleep at night with all this leverage. Lol +* Buy 10% OTM 30 DTE IWM, SPY, QQQ puts. Any mix, been favoring IWM lately because it is so extended. +* I use less than 1% of my acct for this and normally closer to .5%. Still adjusting. + +**Personal notes/thoughts/things I've learned** +* Position Sizing. Cannot preach this enough. Every time I have been in a bind it's because I opened more contracts (on a single play) than I was prepared for and it is the primary reason I see people in huge holes here. The loss on 10-20 contracts adds up really fast, so please be mindful. +* Spreads = not for me. I know they are popular and some people have to use them for BP reasons, but in my experience spreads just lead me to overleverage (position sizing!) and get myself in trouble. Spreads can be very successful just not for me. +* Avoid pennies in front of a steamroller. Some of us are very skilled at selling pennies for beer money (H3DAZ,SoMuchRanch) but they have been doing it awhile and know what they are doing (I think🤣.) My flair is for picking up pennies in front of Wayfair. Made the same mistake a few more times, it never ends well. Lol +* Scaling my risk/premium received with my acct size has been my hardest challenge. I have been in the $7-10k range for a few months now as my acct has jumped a lot. I have to learn/get better at using my increased BP to bring in more premium, without overleveraging myself. + +Finally, Be patient and don't give up. A lot of you have smaller accounts (hell, I'm a small fish compared to a lot of you) and that is ok, it took a lot of work/time for me to grow my account to this size, and you can too. Constantly be learning, improving your skillset, and adjusting your strategies. I have made a lot of adjustments this year and will likely make more next year. This can be very frustrating at times when trades go against you. Stay composed and stick to your planning. There is always another trade, you just have to stay in the game. + +Special shout out to the guys below. Really appreciate those who help others in the daily thread and try to help everyone better themselves. I always look for their trades and have learned a lot from how they position themselves and manage trades. +u/H3DAZ +u/Somuchranch +u/Loveofprofit + +Looking to hit $500k this year, so about 4% a month. I don't expect it to be easy, but with the proper discipline and risk management I think I can make it happen. Won't have near as many deposits this year as the wife wants to start building a house, so all the saving is going to a down-payment. + +Enjoy the long weekend fellas. 2021 is here, let's put up another solid year! Best of luck to you all! + +**TLDR** 110% return YTD selling calls/puts, owning stock, longing calendars. Thought process and methods used above. I'm no guru, just a guy trying to better himself and learn. +I'm just venting because it's been a shit day. I work in retail. We were open all day today and are open from 6 am until 9 pm tomorrow. I'm already being forced to work on Christmas Eve, spend time away from my kid, the lady who runs my daughter's daycare out of her home is graciously taking her tomorrow (but I have to pay extra) and when I protested working on fucking *Christmas Eve*, I was threatened with a write up of insubordination from my district manager. + +I am just...really tired. I got screamed at today by a customer because our store's website said we had a clothing item in stock, but we didn't have it in store. Did this customer call to double check? Didn't seem like it. I stayed polite, and courteous and explained that we didn't have it in stock on the sales floor. I apologized. Offered to order it from our website and have it shipped to our store for free and she just kept getting angrier and angrier and how it was so important that she got this fucking jacket and blah and blah. Eventually my store manager stepped in and gave her a coupon and it took everything I had not to break down on the sales floor over some random lady just losing her shit on me two days before Christmas. + +I want to give my kid a better life. She deserves better. She isn't even two yet, so I'm not too worried about the whole Christmas aspect of everything. I just mean in general. I'd love to find a job where I didn't have to rely on SNAP/WIC to keep us fed but I'm also terrified of losing those benefits. + +How bad is it that my "dream" job is sitting in a cubicle, working 9-5 every day? No more being called in at the last minute, no more being screamed at/abused my customers and having to take it because my store manager doesn't have my back and doesn't want to piss off our DM. I could have normal working hours, be with my kid more, actually afford to *live*. Like how sad is it that I wish to pay my rent, water *and* electric bill all at once? No juggling which bill to pay, no more incurring late fees. No more putting stuff on credit cards and maxing *that* out. It's sad that if I were to win 5 grand, it would totally change my life - I'd be able to pay my bills, pay off my credit card debt, maybe even treat myself for once instead of being treated like dirt on the bottom of other;s shoes because I work for shit wages. + +I'm just in my feels today and it's been a tough one. I had to work straight through my lunch break and now I'm sitting here on an extended 15 and crying into this peanut butter sandwich I packed over how crappy today has been. +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. +In recent weeks, I've come to the conclusion that ***risk adjusted, it is likely going to be very difficult to outpace ETH for growth potential over the next year.*** As a result, I've dramatically curbed my exposure to ERC-20's and other tokens, which was at ~15% before and is now down to 2%. + +***Why?*** + +2018 will undoubtedly be a year of growth for small cap and mid cap tokens, but it won't be consistent across them- there will be winners and losers, and lots of risk. But I believe **2018 could be tremendous year for the growth of larger cap coins with established network effects.** People getting into the market may want to dabble in the smaller coins as they get their feet wet, but many will want to stick with tried and tested coins with real use and track records (e.g., ETH and BTC). Many smaller coins right now offer purely speculative value, with uncertain track records and little to nothing to show in terms of working blockchains. And coins that already have fiat on-ramps (or will get them in the next 2 months) will have a big advantage over everything else. + +Also, the **introduction of futures** (possibly even physically settled) for ETH could be a game changer. Where BTC futures price discovery has stabilized the price, I believe that ETH futures could actually take the price higher- both before and after they launch, as many believe that ETH is undervalued versus other coins in the market. Just take a look at the tone of mainstream media coverage around ETH so far. Many are suspicious of BTC's value, but are inquisitive about ETH's. I'll be keeping an eye on how this dynamic plays out in early 2018. + +Initial **Proof of Stake** implementation is also expected in 2018. This will have the effect of locking up vast quantities of ETH and will also introduce the concept of a "dividend-paying" token for mainstream and Wall Street investors. I think the price effect from this could be absolutely staggering. I don't want to make wild numerical predictions, but what happens when you take a commodity that is essential to the operation of a growing digital economy and you all of a sudden make it significantly more scarce? **The price goes up, way up.** + +Finally, ETH represents not just a digital "currency" (read asset), but also a **foundational protocol layer**; and one of the few in this space that are actually being used and will likely see dramatically increased usage in 2018. ERC-20 and EEA projects will accelerate and start to deliver tangible results. And new value being collateralized on-chain via ERC-721 tokens (like the Kitties) will also help to create a very durable network effect (i.e., once you have things of value on one chain, beyond the easily tradable ETH currency, you are more invested in wanting to see the overall chain succeed). + +Sure, ***there are risks for ETH, too.*** + +How quickly **scaling solutions** can be deployed is one, but I think people are willing to wait for scaling. Ethereum has a solid roadmap for this, with incremental solutions hitting over the next 1 to 3 years. In the meantime, it's quite possible transaction costs will go up, due to increased network demand, but this could have a beneficial side effect in the short term. Ethereum will continue to be used for important, "higher economic value" transactions- cementing its foothold in this market. And as scaling solutions come online, fees will drop, and provide cheaper and slightly less secure options via L2. No one wants for Ethereum to become an expensive to use blockchain, but the reality is the main net may not be cheap as it is now forever, unless it can scale to near infinite capacity with quadratic sharding. This is just a reality of blockchains and economics. Extreme security may one day need to come at a price. + +**New entrants** are another risk, but I also believe that this will not be a significant detractor to Ethereum's growth during 2018. While many of them may gain in speculative value, very few will be able to deliver a network as strong as Ethereum's in 2018 and possibly even 2019. During that time, the **Ethereum network effect** will grow dramatically. Ethereum is on the cusp of entering the zeitgeist, with mass mainstream awareness about the platform that will occur over the next 2 years. It would not surprise me at all if Ethereum became a platform that many mainstream people see as "cool" during 2018 (think Apple versus Microsoft / IBM). Especially with more Kitties / Puppies coming imminently and Toshi (mobile network browser for Ethereum) becoming more useful. + +***TL;DR: Bullish AF. Buy other tokens with caution, unless you are doing it to have diversification in your portfolio. Really consider if they can beat ETH's growth potential in 2018.*** +Hello TG, + +I've been lurking the sub and monitoring the markets trying to find strategies to capitalise on market volatility up or down as well as attempting to or growing the portfolio 0.75-2% monthly and gaining knowledge and experience along the way. + +From what I've noticed as most of us, the tide has shifted or has begun to and there's a lot of uncertainty in the market at the moment coming up and many people, including myself, are taking things easy whilst we witness liquidity dropping and volatility ramping in the markets. + +The premiums received for writing PUTS in current conditions seem incredibly undervalued for the volatility we're currently facing. When taking this into consideration the risk to reward isn't even on the same page, especially with contracts going ITM quite rapidly and blowing past breakeven point. + +Writing calls, at least Naked, are undoubtedly the most lucrative thing at the moment with current market conditions. However, as we all know it brings tremendous risk and news will always overcome current market sentiment whether that be acquisitions, share buybacks, partnerships, etc. Therefore, I decide to generally avoid them. At present for shorting, I believe Synthetic Puts (eg Short 100, buy 1 Call), especially during this ER season were the way to go and allows me to close the position during After-hours or Pre-market rather than waiting for open. + +I personally believe we are in spread territory on most stocks and taking on risk by owning more of an underlying seems far riskier considering the premiums aren't justified for the volatility which rules out Covered Calls and Cash Secured Puts in my general opinion, effectively picking up pennies in front of a steamroller. I believe 2022 has become a trader's environment and you've got to adapt to the trend, whether that's investing in commodities or shorting high multiples stocks, etc. + +I'd personally would ask what you think of my thesis and whether you agree or want to counter. I would ideally like to know how you're attempting to make money in the current environment and what your thoughts are about the market going forward as well as what spread strategies you're currently adopting and your current risk to reward on them (eg, underlying at 98, Selling 100 Call and buying 102). Thanks and I know many of you have years of experience so feel free to correct anything I've stated. +💥 BOOM GOES THE DYNAMITE!!!!! Just hang on. Don't quit now. We got this. + +1. Indexes and assets dropping for hedgies rapidly. +2. As assets drop, marge is knocking, and they are attacking GME with all they've got--they are being hit on both sides as it were. +3. More shills attacking than ever. +4. Tomorrow is TUESDAY. +5. My butt itches, does yours? + +Buy, Hodl, Buckle up, and DRS. THIS IS THE WAY! +Hi All, + +Today I encountered a really scary bug. I checked my portfolio on Hargreaves Lansdown and saw that it had lost 50% of its value overnight. + +Upon closer inspection it seems all my U.S stocks show close to 99% loss. Every single one of them. The amount also doesn't make sense at all. + +For example I have one share of Shopify (SHOP) and instead of my account showing £896 (share price is 1229 dollars), my account shows £12.29 (98% loss). + +Has this happened to anyone else? +I was just dumb kid in 08, but reading about the markets during that time is kinda fascinating. What was September and October like? What was going through your head at that time? +For the past month I've been getting absolutely crushed little by little each day it seems like in every sector. I feel like I have a pretty well diversified portfolio. I'm not really heavy on any one particular stock out of the ones below, so I'm not even sure where the majority of the losses are coming from. I'm still green on most everything but I've given back a lot of gains, these definitely aren't all my investments but a majority of the bigger positions. +Tech/Growth: AAPL, GOOG, PLTR, TSLA, AMZN, AMD, UBER, BABA, JD etc. \~35% +Travel/Rebound (cyclical): UAL, AAL, OXY, MGM, MAR, NCLH, TRIP, ABNB \~30% +Financials: WFC, BCS, JPM, BAC\~10% +Retail stocks for stimulus check play: UAA, NKE, M, LULU, etc. \~10% +Other positions making up less than 15% + + +Somehow I've lost about 20% of my portfolio with these names in the last month, it doesn't feel like it but every day it goes down 1 or 2% and that starts to add up. I know I know, in 5 years who cares but I just wanted to know if other people seem to be in the same boat. I haven't seen the main indexes see that kind of loss so I'm not getting where it seems to be coming from. Even today when all looked great in the morning now somehow I'm deep red again (another 2%) despite indexes being mostly stable. +I just bought my parents a new refrigerator and the GEStore offers a loan with no interest as long as it's paid off in the first 12 months. I went with that because why not? Why pay $1700 out of pocket now when I can just pay $144-ish per month for 12 months? + +Anyway, I looked at the terms of the loan and the details. It seems like they split your total purchase into 48 monthly payments. Weird. Ok who cares, I'll just do the math myself and make sure it gets paid off within 12 months. Then I saw the interest rate. 29.99%!!! Holy shit!! + +I know that won't matter to me because I'll have this thing paid off in 12 months, even sooner if I want to. Really I could pay it off right now if I wanted to, but no reason to while it's interest-free. But that's insane! Someone who is less conscious of these kinds of things or less educated in finance would probably get screwed over by this thing. + +Be careful with this kind of stuff!! By default, you often will **NOT** get the benefit of interest-free. + +&#x200B; + +Edit: Alright, you've all convinced me. I'm going to just pay this off completely once it appears on the loan so I don't have to think about it anymore. I think I have to wait for my first statement. Now I'm regretting not using my credit card for the rewards :( + +Edit2: I changed my mind again. I might call and see if I can switch payment methods. If so, I’ll switch to my credit card to get the rewards and then pay off the credit card right away. If they can’t switch it then I’ll just pay the loan in 10–11 months like I originally planned. + +I’ve read a lot of your comments, many which say to just pay the loan in 10 months or so and others say to pay the loan immediately. I think there is merit to both approaches and functionally for me it’s not going to make much of a difference +I'm sure this will sound pedantic but with all the excitement lately, I'm seeing a lot of post from people in their 20's and even teens talking about investing large sums in crypto. Please keep in mind that this is high risk. + +That's not to say you shouldn't take some of your hard earned money, do your research and get involved. This community is amazing, dynamic and there's a ton of potential to make great returns. However, high risk investment should never be your whole portfolio. It should be the smallest part. + +Make sure that you're setting aside money in a Roth IRA, contributing to your 401k, Vanguard funds, etc. The boring stuff. The stuff that grows slowly over a lifetime. Don't just diversify your coins, diversify your whole portfolio. It's something I certainly wish I'd tackled at a much younger age. Believe me, you'll thank me later. +The world’s Billionares (not even counting all those broke ass “almost” 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 they’re hiding.) + +For all you smooth brains out there **that’s the equivalent of 238,000,000 people worth $55,000.** + +These people didn’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 it’s one banana, Michael what could it cost, $10,000,000? + + +Edit: + +I’m getting a lot of paperhands saying “BuT if alL 70 MiLlIon sHarEs sOlD fOr $10,000,000. tHaT woUlD be $400 tRiLlIoN!!” + +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. +Please do so as if you were explaining to a four-year-old with next-to-no understanding of the Federal Reserve. He has a good grasp of fiduciary responsibility, though, so maybe you can incorporate this into your analysis. +Usa can just keep printing and then hold off their cash in banks so it doesn't enter circulation right? + +The Us can never default? Lets say the debt reaches 50 trillion while US gdp is 20 trillion, it still wouldnt matter as long as US is the superpower and can keep printing as the reserve currency? +I come from a math background working as a data analyst right now. Lately, I've been getting more and more interested in economics and considering getting a master's. I really like learning about the material and I feel like it could be helpful in a data science job because of econometrics and also the stuff you learn about behavior of customers when there is a change in price/supply. However, I don't have formal background in economics and I also realize that masters' in economics is rather uncommon in the US. And I'm not even sure if I'm understanding economics correctly (probably not). + +At the moment I am debating between a masters in statistics and economics. I know exactly what to expect from a masters in statistics so I don't have any questions there. But for economics masters', I don't feel knowledgeable at all. + +So I would like to hear from economists working as data scientists. Did your econ background help you at all? Also, if you could go back, would you have gotten a degree in statistics or economics? And why? +Cloning seems to be the popular term of late. Coat-tailing. Cloning. Copy cat investing. Call it whatever you want. It's dangerous. + +We just had a great example of ***why it's so dangerous***. + +Munger's operation just sold a large chunk of Alibaba. Why? Who knows. Not me! + +Popular hypotheses include: + +1. Recognition of a mistake (an *unknown* became known) +2. Rumsfeld's dreaded unknown unknown (something *unknowable* has come to light) +3. It made financial sense from a tax loss selling perspective +4. Margin call or voluntary deleveraging +5. Swapping VIE shares for unlisted HK shares +6. "Paper hands" .. really? +7. Found an even better bargain +8. Stepping down as chairman +9. CCP pressure, other behinds the scenes pressure +10. Jack Ma being exiled (ala George W., "has taken up painting") + +**The real problem here is none of the coat-tailers have Charlie Munger's phone number.** Even if you did, he wouldn't take your call. + +Nobody has the *why* behind the Alibaba purchase anymore than they have the *why* behind the selling. Every coat-tailer who bought because someone famous bought is flying blind. That's a terribly precarious place to be. + +This is a violation of one of the basic tenets of investment, Circle of Competence. Buy what you know. + +Circle of competence has a ton of benefits. Most have to do with protecting the downside. A bet that doesn't work out. What does circle of competence gain you? + +1. We are more skilled at recognizing negative developments in a business. +2. We can recognize changes earlier than others and be decisive. +3. We are less likely to ride a doomed ship to the bottom of the sea. +4. We are less likely to get off a ship suffering temporary distress at the wrong time. +5. We don't have to opine on social media, guessing about why someone else did a thing. + +Don't outsource your thinking. +WSJ article 9/29 about tech companies buying home and flipping them. + +They call these companies IBuyers. They include Zillow Group. Opendoor Technologies, and Offerpad. + +I generally did not understand the article. But I only have 52 years in the business. + +One part I DID understand: “IBuyers have been clear that their businesses are built mostly to make money off ancillary services such as mortgage, title insurance, and escrow, rather than on home transactions themselves.” + +Well, that’s kind of a startling fact. + +In other words, these Wall Street sharpies disdain property ownership as a way to make money. They see property ownership as a sort of loss leader only useful for attracting buyers of Realtor®, mortgage origination, and title insurance sales. 99% of the readers here are all excited only about the IBuyers loss leader. What are you missing? + +I have noted in various places that the best way to make money on real estate might be to get into one of the transaction costs businesses rather than actually buy real estate. The IBuyers figured that out. + +I did deliberately work in brokerage and property management more to learn than earn. I should have also worked in title insurance. I DID get training in appraisal and real-estate-related law. + +But having said that the best way to make money off real estate may be to be in one of the transaction-cost businesses, I must add that I generally consider those businesses to be fundamentally overcharges. Commissions in real estate sales are way too high and everybody knows it. + +The DOJ is currently pursuing yet another action trying to knock home commissions down. They have been doing that my whole life. The commissions HAVE gone down about 1% from 6% to 5%. But they need to be a **flat fee** rather than a percentage of the price. Selling a property requires about the same effort regardless of the price. Imagine if doctors set the price of treating a broken arm by the weight of the patient. + +Realtors® rage against lowering the commissions. When you spend all day every day telling people that you deserve the commission, you have deadened the portion of your brain that lets you be objective about it. If commissions were finally lowered to the flat fees they should be, Realtors® would make about the same, but there would be a lot fewer of them. They would be like lawyers or plumbers. No more free pumpkins at Halloween or free newsletters about your neighborhood. Do lawyers or plumbers give you free pumpkins? No, because they do not get 5% of the value of your house + +*Forbes* magazine said title insurance is the biggest racket in the real estate business. No, it’s second to the commissions. But it is a racket. + +You can spot such industries by the amount of money they give politicians. Real estate agents and title companies give tons of money to politicians. + +It is well known that title “insurers” rarely pay any insurance claims. + +“Based on reports provided by the insurance industry, title insurance claims payment only amounted to 4 to 5 percent, as compared to the 60 - 75 percent of claims paid for home insurance or auto insurance.” insuranceqna-com + +Title insurance is really just a title **search**. You could and should learn how to do those yourself. The title insurance companies have them done by relatively-low-paid high school grads. You cannot do the **lender’s** title search, but you **can** do your own instead of paying for an **owners title policy**. + +There is a whole segment of the real estate investing industry—**foreclosure auction buying**—where the buyers do **not** get title insurance. They do their own searches. To save money? Yes, but mainly because they operate on a short fuse and title companies do not work fast enough. + +Auctions are typically 9:15 AM on the court house steps. The search needs to be done around 9:14AM. I exaggerate, but the auction buyers generally do their searches the afternoon before the auction. I would probably treat it as a two-person job and have a partner searcher at the recorders office while I was at the auction with both of us having mobile phones. They would call me if a new lien on the property in question were filed at the last minute. + +There is a clear analogy here to real estate investing, real estate brokerage, mortgage lending, and title insuring. It’s the old 80-20 rule. + +Real estate investors spend 80% of their time as apartment leasing agents and handymen—$20-an-hour work. But when all is said and done, they probably get 80% of their real estate investing profit from marketwide property appreciation over the holding period of the property. + +Mortgage businesses want to **originate** mortgages, but they have zero interest in holding them. You might think the profit in a mortgage is collecting the **interest**—analogous to the cash flow in a rental. No. + +The mortgage companies originate the mortgages and sell them ten seconds after you close to Wall Street companies who bundle them into GNMAs and such and sell them to Main Street investors. + +The **mortgage-servicing** companies to which you send your payments are probably another collection of $20-an-hour jobs. 80% of the profit in mortgage lending is in the origination—analogous to appreciation— and 20% in collecting interest and forwarding it to passive investors. + +Ditto brokerage. They will **manage a property** for you, but that service is a **loss leader** to get you to give them the **listing** when you sell. If that were not a possibility, they would get out of the property-management business. Brokers get 5% off the top when you buy or sell. 80% of their profit comes from closings; 20% from such chores as property management or showing properties. + +Same with title insurance. 80% of the profit comes from doing the **search** and closing on the sale of the title Insurance and 20% from the routine of receiving and paying the occasional rare claim. They treat the insurance as a **loss leader**. And they also have many laws that force people like lenders to use their services. + +So on the one hand I was surprised to learn that IBuyers actually buy and sell houses solely so they can get the counterparties in those deals to buy real estate closing services like commissions and title and mortgage origination. + +If the main thing you do is regarded as a loss leader by Wall Street sharpies, some stroking your chin and thinking hmmmm may be in order. +I went with my mom to the bank to help her get a loan for a home. Banker runs her credit, and to my shock, her credit score is deplorable for very obvious reasons: I see credit cards on her report that I didn't know about (my mother doesn't speak English well, and I handle all her finances). I give her an asinine stare, and tell her to spill the beans. + +She tells me years ago, a friend of hers, Sarah, asked if she could open credit cards under my mother's name for her son, Brad. The reason is because Sarah, and her son Brad, both have horrible credit and topped their credit line limits on all their cards. At the time, Brad promised my mother that he'd pay off any new cards that my mom opened for him within a year (that was 6 years ago). My mother, being naive and having a very limited understanding of finances nonchalantly agrees. She opened 2 cards for him, and then he immediately balance transfers his balances on his own cards to my mom's 2 new cards. Total debt transferred from Brad to my mom was ~10K. + +We left the bank. I chastised my mother (in a professional way -- she's still my mother), and I cooled off. I then called Brad. [For the record, he's a sordid, degenerate, uneducated, pathological liar that clubs, drinks, and does drugs for a living. This isn't a personal attack on him, but just to give you an idea of the type of person I'm dealing with. His social media accounts corroborate the aforementioned.] + +He said he doesn't use the cards, but just makes minimum payments on them. He provided me the login details; he was telling the truth in regards to not using them and making minimum payments. He then promised me to pay them off within several months -- he lied -- because that was 6 months ago. It's already been 6 years from promise #1, and I'm done being polite. He's fully utilizing my mothers total available credit, has late payments every so often, thus destroying her credit score and ruining her chances of financing a home. + +He already acknowledged that the debt was his (in future text message communication), and also made a promising claim, in writing (SMS), to pay off the debt in a certain time frame. I think he has several thousands in assets, but doesn't want to put that toward paying off CC debt -- especially when it's not under "his name." What's the best course of action(s)? + +TL;DR: A family "friend" took advantage of my mother, opened credit cards under her name, then transferred all his debt over to her. Mom can't get a home loan because her credit is destroyed. What to do? + +EDIT: I should've mentioned this earlier, the guy drives an Audi R8 -- that's a 150K car, but I highly doubt it's his (is their a way to check?). He's a degenerate who hangs around clubbers and drug dealers who live flashy. I'm sure he's borrowing it from a dealer who resides out of town and owns estate in my area. Regardless, someone living a fake and empty lifestyle like this has no moral resolve. Nobody with a backbone takes advantage of an old woman who barely speaks english and isn't financially fluent. + +Update: As suggested by many, I shared this on /r/legaladvice. Please see [here](https://www.reddit.com/r/legaladvice/comments/6ucsjp/just_found_out_that_a_family_friend_has_credit/?st=J6GYNVIV&sh=89f6406f). Would appreciate any lawyers' input. + +Update 2: Apparently, this made the front page on Reddit. This is my second post on this site, ever. This is an incredibly generous community that really does give weight to big issues facing normal people. Just wanted to say thank you, sincerely, to each and every one of you that has taken time out of their day to put forth their thoughts. I'll keep you updated on this. + +Update 3: Hey reddit family. It's been an absurdly busy few weeks, but there's good news. I've taken the advice of many. I made my mother shutdown the accounts and put a password on them. They're only payable accounts now and cannot be charged. I also became her power of attorney. + +I've met with several attorneys, police detectives, and private investigators. They all pretty much said the same thing, i.e., there's really no (short-term) objective of obtaining a judgement and accruing lawyer/PI fees if we cannot collect from Brad/Sarah. They told me I first had to figure out their assets, then further dig and see if they had any judgements, holds, or liens against them (which may make the collections process much more difficult). + +And so I did some digging, and God, was I astonished. The guy and his mother have over 7 cars -- all in their names -- and recently mortgaged a $300k home! I was sick to my stomach to find that out, but at least I know they do have the financial ability to pay. They obviously lied about not having "good credit" or the financial means to pay off their old debts. + +After approaching the attorneys with this, they said I have everything I need to achieve a judgement and collect (acknowledgement of debt, written agreement to payoff, breach of contract, certified vehicle ownership/title documents from the SOS, etc). The attorneys were all sincere in their advice and told me the #1 objective is to collect and avoid additional fees. One attorney was actually nice enough to not charge me and provided me with a template to take to a notary. + +Thus, to avoid the legal stage, I'm initially going to ask Brad and his mother to come to the notary and sign an agreement to payoff their debts in a timely manner. I'm human, so I'm giving them reasonable time to pay off their debt (anything is better than the 18 year minimum payment plan they're currently on). If they don't agree to come or sign, or if they fail to pay in accordance with what they agreed to and signed, then that's when we'll approach the courts, and the process shouldn't be too difficult afterward considering the plethora of evidence and financial information I have on them. + +So that's where we stand today. Thank you again for the hundreds who shared their thoughts and ideas. I wouldn't have been able to figure all this out without the outpour of support from the Reddit community; some who work for Audi, others in the repossession industry, and others in the legal and intelligence community that have helped tremendously. I cannot thank you guys enough for your help in sending me in the right direction. So thank you guys, seriously. + +I'll keep you guys posted along the way. + +Because of the crisis in Ukraine and the looming energy crisis in Europe we want to buy a house in the US. + +We are looking for an area that has +- warm winters +- a bigger city with an international airport in max. 2h +- clean and beautiful nature +- clean air +- clean water +- good schools +- ocean and mountains are not necessary + +Any recommendations are welcome! +OG poster u/PlayFree_Bird + +&#x200B; + +Alright, I hate to say it, but there is some less-than-ideal information circulating out there, particularly about the famed "gamma squeeze" we hear so much about these days. I'll get to that. Let's go through the questions you simpletons want to know, as explained by a mouth-breathing fool who has managed to convince you he knows what he's talking about: + +# Did we win today? Is it endgame? + +Kind of. Be patient. + +# In what ways did we win? + +First, there was the obvious victory of bouncing back 65% today after the worst market manipulation I've ever witnessed. We kept the upward momentum going. + +Secondly, every day you finish higher is another day the shorts are underwater. If you are perpetually going up, the walls are closing in on them. + +Finally, a lot of put options expired worthless today while a number of call options expired in-the-money. It's always good to make put holders lose money because you drain the bank accounts of people betting against you. + +# Yes! Call options! We finished above $320 and get a gamma squeeze to infinity now, right? + +No. That's not how this works. Too many people don't quite understand what a gamma squeeze is. + +A gamma squeeze happens when call option sellers (or "writers") have to hedge their naked calls by buying stocks. They do this because the risk of selling naked calls is theoretically infinite if they don't. It's called delta hedging. You don't need to know all the fancy math ("delta" and "gamma" are those greek symbols for nerds), just understand this: as it becomes more probable that the call option you sold will cost you money, you hedge more. + +This is a continuous PROCESS, not a discreet moment in time. The market makers and hedge funds and institutions selling you calls don't wake up on Friday morning and think, "Shit! I think I'm going to lose everything if these stocks keep going up! I have to BUY NOW!!!" That would be stupid. They are hedging all the way up. I guarantee you that most of the calls that were exercised at $320 today were already covered. They already went out and bought those shares and most of the upwards pressure that places on the market is priced in already. + +# So, no gamma squeeze? + +Probably not significantly. They're not going to be madly rushing out on Monday to buy shit they already own for the most part. + +# Why are people talking about a gamma squeeze at $320, then? + +We did have a gamma squeeze at $320. On Wednesday, two days ago. The price exceeded $320 (then the highest strike price on the books) and promptly surged to $371 before coming back down to around $320. That's what a gamma squeeze is: a frenzied rush by call sellers to cover calls. + +It typically happens BEFORE expiration, not after. It's rare for market makers to get so caught with their pants down that they have to get squeezed for the previous week's calls on a Monday. I don't know where this idea of a gamma squeeze now at $320 is coming from. + +# This hurts my feelings. So, what's so great about the $320 threshold, anyway? Did it matter at all? + +It's still a good thing. There may have been a few lingering naked calls to cover. And, like I said, it's always good to make put-holders lose money because stick it to the 🌈🐻, that's why. + +$320 was a significant level because there were quite a few open call options at that strike. You can see the entire option chain here: [https://www.nasdaq.com/market-activity/stocks/gme/option-chain](https://www.nasdaq.com/market-activity/stocks/gme/option-chain) + +Go through and count up all the January 29th options that were in-the-money at today's close. I think maybe 90,000 or something? Screw it, I didn't count. Somebody who can figure out how to use a calculator can add those up. Multiply that number by 100 (because option contracts are sold in groups of 100) and that's how many shares need to change hands thanks to contracts expiring ITM. + +It may be that with so many shares needing to change hands and so little liquidity in this market, some weird things could happen. + +# What weird things? + +Well, if nothing else, a lot of shares will need to be tied up as the process of settling calls plays out. + +You have to remember that when somebody says they own shares, they don't necessarily *own* own the shares right at that moment. + +When you press "buy" on your phone and it says your order was filled, that doesn't mean that the process happens instantaneously. For all intents and purposes as far as you are concerned, sure, the process looks instant. However, there's a lot of messy stuff that happens on the back-end of the system between the brokers and the clearing houses. The clearing houses are where the daily tab gets settled: who owes whom and what they owe and at what price, etc. + +Monday could be interesting as this tab for millions of stocks (in a market with only 50-something million shares actively circulating) gets settled. It might not be crazy, but it could. We'll see. + +Michael Burry (Christian Bale, for all you noobs) seems to think that all the naked short-selling above the float will result in a shit-storm when people actually go to get their shares back: [https://twitter.com/michaeljburry/status/1355221824661983233](https://twitter.com/michaeljburry/status/1355221824661983233) + +Liquidity crunch + lots of shares being moved around + nobody knows where they all are currently = potential nightmare for Wall Street. + +# I just want my infinite short squeeze and my tendies, so how do we get the MOASS? + +Something needs to be the catalyst. Something needs to get the short sellers really underwater, so much so that they are drowning. That's why there's been so much hype about gamma squeezes; the gamma and short squeezes are two separate things, but the gamma squeezing has been really good to us lately. It has triggered some crazy upwards price movements. I still think one was about to happen yesterday morning that would have triggered the squeeze-pocalypse, the Mother of All Short Squeezes. The bastards at the brokerages (acting with and for the clearing houses), took your tendies. It's criminal what played out. + +I actually think a gamma squeeze was possible today, as well, as the price shot up to $378 around noon. If it had gotten to $400, it stood a very good chance of running up to $500, which would have caused a run up to $650 and beyond. Then Robinhood said, "Oh, actually, you plebs cannot buy 5 shares anymore, only 2 now." The price came back down again. + +Oddly enough, the S&P500 sold off over a full percentage point (that's a lot of money) right after GME hit that $378 peak. Do you think this doesn't freak the finance world out? They know a gamma squeeze is like the fuse on a firework. It consumes itself until it ignites the rocket. + +# How will Wall Street defend themselves? + +They will try to keep snipping the fuse. That's what all these restrictions on brokerages are about. They are trying to defuse the situation slowly because having it all get sorted out quickly and frantically is no good for them. + +We need enough upwards price momentum that those option chains keep going up and up and feeding on themselves. They need to become a self-sustaining chain reaction, fed by hedging pressure. And you need to put pressure on your elected representatives to tell them that Wall Street cannot be allowed to just shut down the game when they are losing. I hate to tell you this, but the squeeze has so far been stopped purely by the losers declaring that it will not happen at any cost. It's bullshit. Eat the rich. But there it is. + +# Do you feel you've used the word "squeeze" too much by now? + +Yes. I've been writing and looking at the word "squeeze" so much that it is starting to lose its meaning. Squeeze. Squeeze. Squeeeeeeze. + +&#x200B; + +EDIT: + +TL;DR Shares most likely already bought so no gamma squeeze, doesn't matter anyway 🙌💎🚀 🙌💎🚀 🙌💎🚀 + +EDIT 2: + +STOP THANKING ME FOR THIS POST, RETARDS! Literally the first sentence is me giving credit to the original poster, THANK HIM. +I graduated in June of 2019 with B.A. degrees in both international affairs and economics. My end goal is to establish a career in economic development with an IGO\* such as the World Bank or UN. My issue is that I've been out of school for 9 months and haven't even had an interview. I'm terrified of taking the extra classes I need to get my master's in economic development and being back in the situation I am now but wit two years less time and more debt than I have now. + +Are my B.A. degrees totally useless or is there somewhere I should be looking for career counseling? + +I had to work full time throughout school and did not have time to complete an internship and it's really coming back to bite me. +I work in a MHCOL city, making ~$1m a year, and have an offer to move to a similar company, doing similar work for more like $1.5-2m, in Manhattan. I'm young, and currently spend <100k a year. Longer term, I plan to have kids. The biggest trade offs for me are that I'm not sure what it would be like to raise kids in NYC. It feels like you either choose to live in the suburbs and sacrifice on commute time, or live near the city. + +Financially, it seems to make sense (COL diff more than covered by difference in comp). The real question is quality of life for raising kids in NYC with a stay at home spouse, versus in the suburbs of a smaller city. Figured some of the problems of raising a family in NYC go away if you're willing to pay up enough on housing, schooling, etc. Is that your experience? How much would you estimate that cost at? Any advice is appreciated. +Bought my first rental property over the summer. + +Info: +Purchase price 180k +25% down +Repairs and updating 15k +Total cash in 67k took a few months to get the place fixed up + +House across the street in similar condition and smaller just sold for 275k + +Listed the place over thanksgiving week. Had approx 200 inquiries and had both units rented within 4 days. + +Upper unit 975 a month +Lower unit 1225 + +Monthly cost taxes insurance and mortgage are currently 870. This will go up significantly when city takes the property out of homestead. About an extra 150 a month. Property has some deferred maintenance so the first few years we will need to save more of the rent towards replacing driveways and siding. Both are functional but at end of appearance life. Approximately 10k total to replace both. + +I think this property works for us in terms of return on investment, I saw a bunch of rules and other info about how to analyze a deal, but at the end I just ignored all that and looked at it this way am I significantly better off financially. Our 67k would return approximately 500k after 30 years in the stock market with average returns. This place will return around 1.5 million over that same 30 years. This is also assuming reinvesting profit and avg returns in the stock market. + +We make decent money (around 200k) so don’t really need the income, but it’s fun to try something new. +Bought my first rental property over the summer. + +Info: +Purchase price 180k +25% down +Repairs and updating 15k +Total cash in 67k took a few months to get the place fixed up + +House across the street in similar condition and smaller just sold for 275k + +Listed the place over thanksgiving week. Had approx 200 inquiries and had both units rented within 4 days. + +Upper unit 975 a month +Lower unit 1225 + +Monthly cost taxes insurance and mortgage are currently 870. This will go up significantly when city takes the property out of homestead. About an extra 150 a month. Property has some deferred maintenance so the first few years we will need to save more of the rent towards replacing driveways and siding. Both are functional but at end of appearance life. Approximately 10k total to replace both. + +I think this property works for us in terms of return on investment, I saw a bunch of rules and other info about how to analyze a deal, but at the end I just ignored all that and looked at it this way am I significantly better off financially. Our 67k would return approximately 500k after 30 years in the stock market with average returns. This place will return around 1.5 million over that same 30 years. This is also assuming reinvesting profit and avg returns in the stock market. + +We make decent money (around 200k) so don’t really need the income, but it’s fun to try something new. +I've gotten wealthy enough that if I really want to buy something, I can afford to buy the best version of it. And I never thought I'd say it, but it's getting kind of bland. + +It's like every time you get the best, it gets a little less satisfying. I knew lifestyle inflation would kick in and I'd inevitably be compelled to upgrade over time. But what I didn't realize is that each upgrade feels less and less special. Like a drug addiction, you're upping the dose but the high is never as good. Going from Burger King to a Michelin star restaurant is a revelation; going from Le Bernardin to Noma is barely noticeable. + +I've been thinking about doing a 'luxury detox' to try and bring some of that amazement back. The idea would be to just take the things I like to indulge in and live a few months with decidedly mediocre versions of them. For example, instead of my stereotypical rich guy 911, I'd daily drive the family minivan for a month. It's not torture by any means - just a reset to remind me of how good the Porsche is. + +Many people talk about cutting their SWR if the market tanks or downgrading on luxuries they don't care about, but my motivation isn't financial. I just want to keep that feeling of wonder that these high end experiences used to trigger. + +I know it sounds ridiculous. To paraphrase my wife: "So you're rich and you want to LARP as a poor person so you can enjoy your rich person things more?". + +I mean... yeah. If it works. Anyone else done something like this? +For 24 hr fitness members, section 6 of your contact states for the times they are unable to provide the services you are able to get a prorated refund. That being said, I contacted them and they refused to provide the refund, the gym closed half way through March and I did a charge back for half the cost of my monthly membership, my bank was great and refunded me it. + +24 hr Fitness charged again for the full month of April and I did a charge-back for the total cost, and 24 hr fitness has been emailing every few days asking me to call them to resolve the charge-back. + +That being said, when this entire thing blows over, what is the best approach to handle the situation - I doubt they'll let me into the gyms without getting their dues that I ended up charging-back, if so, what would you suggest be the next steps. + +. + +Edit: Their phone numbers in the email has an automated message saying that all call centers are closed that hangs up itself. They've added a outstanding balance of $62 ($20. 50 +$41.50, for the month and half month) to be owed to my account. +They’re priming the pump now, using the current real squeeze as the groundwork for their future scam. Once GME squeezes to unimaginable heights there are going to be millions upon millions of dumb money retail investors around the world kicking themselves for missing out. They’ll be desperate to get in on the next one, without realizing that short squeezes were exceedingly rare events even before all the new DTCC rules went into place to make sure one of any significant magnitude never happens again. + +What they’ll do is report high short interest in a security that they have complete control over, the media will cover it extensively as bad actors go long with a big enough position that the price starts running. Then the normies will pile in thinking it’s a squeeze. Then the bad actors will dump it at their desired high price point. In retrospect the chart will look like a squeeze actually did occur but really it will have been a pump and dump disguised as a squeeze. + What do day traders do? + +I don’t mean like, what is our day-to-day (which is essentially like being in the wild rotating between predator and prey), but what is our actual function in society? + +Some economists argue that our job is to fuel small businesses and prop good ideas up creating volume and attention and inevitably raising the capital in the product. But does buying a bunch of tokens and then dumping them on new investors really create social good? If you don’t hold the tokens for more than a day, did you really help the business? + +To which, ya know, who really cares, that’s not what you came to a moonshots forum for. But people outside of our bubble care. Regulators care. Voters care. Investors care. Eventually, for the entire system to grow, we’re going to have to prove that what gets created out here is more than just a bunch of shitcoins in a shit ecosystem creating a complete shitstorm. + +**LifeLine Token** provides an opportunity to have your cake and eat it too. With an initial 5% charity wallet that gets fed from transaction fees, LifeLine **makes** **monthly donations to causes combating children’s cancer**, the first of which has already gone out to [Alex’s Lemonade](https://www.alexslemonade.org/). That’s right, now we can day trade and virtue signal at the same time. + +So once you’re finished feeling good about your karma, it would be a good time to remember that **Grumpy Cat went from $5M - $50M in a single day**. This all after news started pouring out about a silly meme with a heart of gold that managed to very quickly send out $70,000 to charity. Luckily, unlike Grumpy Cat, Lifeline isn’t going to be facing any copyright issues and is ready to scale for the future rather than plan a short stay in relevancy. + +With that the team has already shown great dedication in engaging with their community and delivering on their roadmap. For a project that’s only two weeks old, it’s incredible to see them already **listed on CoinMarketCap**. As a **BSC token with a fully diluted market cap under $4M** you just don’t see that a lot. + +And if you’re worried about rugs because, ya know, BSC, and the irony of being taken by a charity token is too much for you, there’s no need to worry. The contract is available for you to review and has had an audit completed by TechRate so there’s no nonsense mint functions, and **all liquidity has been burned**. There's even an **anti-dump feature** in place that prevents any wallet from selling more than 1% of the total circulating supply at any time so you don't have to worry about a single whale dominating the market. + +The only thing that could be rugged is the charity wallet itself, but it started at a 5% share of tokens so it’s nothing worth writing home about for a team of their size, and they’re looking into finding a third-party custodian anyway in order to keep public trust high. + +With the whitepaper coming soon and a ton of marketing still on the way as they get every detail in place for a big push, know that you’re still early to what is a unique cause in a growing space. Just as we see thousands of charity organizations thriving in traditional finance, know that this is only the beginning in DeFi as people find new ways to skim margins off day traders for the good of society. Because, fair or not, society will be coming demanding to see the easy-to-digest fruits of our labor. LifeLine is definitely going to be a good start. + +[Website](https://lifelinetoken.com/) + +[Telegram](https://t.me/LifeLineToken) + +[Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) +Work done till now: + +1. Start a mutual fund account with one/two AMCs and put money in the liquid fund. +2. Got health insurance. +3. Got life insurance. + +Now to the question of how to go forward about the monthly fixed/variable salaries. + +# Spending Pattern: + +The most basic rule of Saving/Investing is **Earn more, spend less.** If you are not doing that, no investment plan is going to get you off the ground. You are just digging a hole faster than it is being filled. + +Some more Terms: + +1. ATM card (=automated teller machine card). Basically, a historical thing. It was used in an ATM machine (please, I am not going to tell what an ATM machine is!!) to transact. Not available anymore, in a working condition. +2. Debit card (ATM card functions plus Can be used at merchant’s outlets namely stores, hotels, and online purchases). Since it has ATM card functions also, can be used freely at ATMs. +3. Credit card (this is not an ATM card but can be used at merchant’s outlets). + +* To use in ATM machine: please use Debit card ONLY. Never a credit card. +* To use for shopping: please either use Cash or slightly prefer a credit card than a debit card. Basically, cash > credit card > debit card. + +*How they function:* + +**Debit Card:** your card is associated with your real bank account number. And the amount currently in your bank account is the limit for that debit card. So, if the account has 5,000 rs, then you can either withdraw cash up to 5,000 or make a shopping purchase for **up to** 5,000. If you accidently tried to do a shopping of 5,001, then it will be rejected on the spot. + +**Credit Card:** your card is associated with a virtual account, which has a limit. This limit is decided by the bank/credit card company (yes, American Express is an exclusive credit card company without an associated bank, while ICICI bank has both services). This virtual account works like a postpaid mobile bill. Whatever purchases you make are added up and you are presented a bill at the end of month. You are given 20 days to pay up that bill. If you pay within those 20 days (before last date) AND, this is really important, if you pay either the full amount or any amount **more** than the bill, then GREAT. You managed to use extra money from the bank at zero cost to you practically. Continue this always. + +Never pay only the Minimum Amount Due or even 1 paise below the bill amount. If you do that, you will incur heavy charges at the rate of 40% per year (which is at least 10 times your savings bank account interest rate). + +Better still, don’t own a credit card till you are financially savvy enough. **Use Cash and be merry.** + +**Rules of Thumb with all those Sales advertisements and Big Annual Sales days** + +**Rule 1**\*:\* If you get an impulse to buy something, put a 72 hour rule between the urge to buy and the actual buy order. + +*Sidenote:* New scientific studies have shown that the serotoninergic receptors take up to 72 hours to absorb the excess serotonin secreted when that buying urge gets triggered. I could have linked up those studies, but then this is all just scientific mumbo-jumbo to really convince you about the 72 hour period! There isn’t any such study known to me. Just kidding. + +**Rule 2**: Please delete all those shopping apps from your smartphone, namely amazon, flipkart, myntra, etc. + +*Sidenote*: You just need one app – Headspace for meditation during those buying impulses. Again just kidding. + +**Rule 3**: Start automated investment setups, so that your money goes away from bank account before you can even think about spending. + +**Flexi Rule 4**: How much to Save? + +Now that we have curtailed spending and have easy setup for investing, the basic question is how much you should save? + +**The basic idea is Save as much as you Reasonably can**. If that is 60-70%, good (Pattu does that, I do that). If it is 30%, well and good. If it is 10%, again decent, since it is better than 0%. Once you start seeing results of your savings, you will get better. With better incomes, and lesser spendings and more focus, the rate of savings will increase. Don't get limited on to 10%, since that is what I have seen most recommended - that amount is seriously insufficient. + +[Part 1](https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in/), [Part 2](https://www.reddit.com/r/IndiaInvestments/comments/9lusap/for_someone_who_is_absolutely_at_level_zero_in/) +[Part 4](https://www.reddit.com/r/IndiaInvestments/comments/9lzdcb/for_someone_who_is_absolutely_at_level_zero_in/) +Recently RBI announced linking of RuPay credit card with UPI: [Link](https://economictimes.indiatimes.com/wealth/save/rbi-allows-upi-payments-via-rupay-credit-cards-how-you-can-make-upi-payments-via-credit-debit-cards/articleshow/92074152.cms). Many small retailers do not have PoS machines to accept credit card payments but they do accept UPI transactions. I think It would be better to do these transactions through UPI via credit cards since we can earn some rewards on that. Since now only RuPay credit card allows this, is it sensible to apply for a RuPay credit card for UPI transactions? Hope Visa and Mastercard soon allow this as well. +I'm embarrassed but figure I should post this to hopefully help someone else out. + +This afternoon I was watching football and got a text message from Chase. + +> FreeMsg: Chase Sapphire Fraud Dept. Did you attempt $887.60 at Walmart Super Center BAL  with card xXXXX? Reply YES or NO.To Opt Out reply STOP + +I've gotten messages like this before when our credit card had been skimmed, so I replied no and then immediately got a call from "The Chase Security Center." + +You can see how this goes, and I'm ashamed I didn't see it coming. They didn't ask for my password or social, but they did ask my unique security question with Chase. With that and my account number, I believe they were able to link something with Google Wallet and start making actual fraudulent charges. + +Anyway, I figure out my mistake when I actually called Chase back and they had no record of the first call. This would all have been avoided if I had taken the advice I've heard here multiple times of making sure that you are the one who initiates the call. + +So far I've changed my online password at my banks and email. I set up a fraud alert at Trans-Union which should also initiate fraud alerts at the other two credit reporting bureaus. What else should I be doing to protect myself from further identity theft? + +Edit: Just to be safe, I went a froze my credit with all 3 bureaus. We just closed on our house this year so luckily I shouldn't have many credit checks upcoming. Freezing shouldn't be much of a hasssle for how much security it buys me. +Hi everyone. + +I recently decided to put $2.5k into a theta gang account (TDA) to get my feet wet with the strategy. Currently, I have a very small "fun" account that has lost nearly all of it's value (who woulda thunk being on the buying side of risky options plays is a bad idea?) and a ~13k "boring" account in Vanguard with most of it in VTI and a few in high conviction long-term plays that have done fairly well. I have an itch to "manage" my plays in hopes of better gains than the "boring" account, but clearly buy-side options aren't for me. + +Enter: thetagang - so I've set aside $2.5k precisely to test my mettle in thetagang strategies. I've found a few stocks that seem like good CSP/wheel candidates, but my account size is sufficiently small that these plays would be holding a substantial amount of my account in collateral - and I know that diversification is often a good thing regardless of strategy. I also know that CSPs on underlyings worth less than $5 is generally no bueno because the strikes can't be picked well. + +So the question is: is it really a good idea to try my hand at CSPs with my current account size? I've read elsewhere on this sub that, for small accounts, "spreads" might be a good play, but the person in question didn't specify if they meant vertical, calendar, or diagonals, which just adds to my uncertainty. + +I'd like to hear your thoughts on what might be an advisable strategy for an account of my size. Ideally, if this experiment goes well, I would gradually convert a larger fraction of my positions to theta positions - but I need to test the waters first! + +EDIT: I'd like to thank everyone for the helpful comments! I have a lot to digest, and I will likely be starting this voyage this coming week. Obviously more comments are welcome, but it's a lot to read as is! +That's it, Whales control the market and there's nothing much you can do about it other than to play long term + +Today the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic? + +Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sell + +Other way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hours + +Just check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets. + +Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one Whale + +TLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales +I have a few shares of TRST sitting in my account still worth basically nothing. + +I keep them there as a reminder not to fall into hype because that loses me money. + +Anybody else do this? +Hi, my mom passed away and I’m going to come into some money. I don’t trust myself with the money and want to put it away somewhere so in 15-20 years or so I can retire. I’d appreciate everyone’s thoughts. + +I am 45 y.o. btw, I make about $70,000.00 a year practicing law. I have no retirement at all atm. + +Thanks for the advice. +Basically the title. We're living out of country and bought a lot in Wyoming. We found out from one of our parents who drove by that there are vehicles parked on the lot, presumably belonging to the neighbors. What's the best plan of action? +The Fed raising rates is for the purpose of combatting inflation. Don't make the mistake that that's going to cause home prices to fall. On the contrary, we will crawl upwards. + +I'm an investor and I am speaking from my own experience, take it FWIW. I see multiple bids on homes....EVERY home. The selling price is always well above recent comps. Every buyer is being coached to have a lot of liquid assets to cover lower appraisals. Sellers are taking ONLY non-contingent offers. And even in this so-called "super bubble", transactions are closing successfully. + +Inventory is incredibly low, and people trying to escape high rents have saved money to put down at least 20%. A very high percentage of buyers are running around with all-cash offers, looking to do a 1031-exchange. A lot of foreign money is coming into the US housing market...from China, India, Philippines, etc. Many of these are investors too, parking their exchanged currencies in US real estate in popular metropolitan cities, go back to their countries for a couple years, and then return to sell for profit. That 250k/500k cap gain tax exclusion is what so many people are after these days. And when you have a crowd of people doing this, it causes significant price appreciation. + +For those of you hoping for a housing crash, I am just telling you that maybe you should get in and not wait too long. You risk paying more later. With interest rates projected to rise several more times in 2022/2023, it's reasonable to project that by this time next year, a 30-year fixed mortgage will be at least 7%. + +I didn't know which flair would be most appropriate because my post applies to many. The flippers are waiting with their teams too to pounce on any discounts, but agents these days protect sellers by keeping those vultures at bay. But if you are lucky enough to get a fixer at a good price, it's probably because you were at the right place at the right time....and you had some connections. + +I wish you all luck and success pursuing your real estate goals. +>Following NVIDIA’s positive first fiscal report, green stocks have hit an all-time time high of $361 per share. A few days back,[ *NVIDIA reported its first-quarter earnings*](https://www.hardwaretimes.com/nvidia-posts-a-solid-q1-as-data-center-revenue-grows-by-80-yoy-to-1-billion-gaming-by-27/), satiating both investors as well as industry analysts. NVIDIA’s overall revenue grew by 39% YoY, bolstered by a strong data-center business and a healthy gaming market. Both markets saw notable gains, but the former was the highlight with a massive growth of 80% YoY, crossing the $1B mark for the first time. + +[https://www.hardwaretimes.com/nvidia-shares-reach-all-time-high-as-notebooks-account-for-30-revenue/](https://www.hardwaretimes.com/nvidia-shares-reach-all-time-high-as-notebooks-account-for-30-revenue/) +(USA) Do any of you guys incorporate your trading business? + +So I’m really just trying to understand if it is worth consulting a lawyer about incorporating into some sort of business to legally pay less taxes on my profits. + +I feel like whenever you ask a lawyer if you may require their services, they will always convince you to use their services so I am asking Reddit first and am not expecting actual legal or financial expertise. + +If I do make a business out of this, I’d have no employees, a single home-office, and use only my own money, but my wife could be a signer if needed/advantageous. + +Ive figured, the MOST: I’d spend on startup would be $10,000 for a trading station/office furniture. Maybe I’d have some working lunches in front of the screen, I’d need cable/internet and another paid subscription or two- MAX: $500/month in business expenses. I’d maybe take up 10% of the floor space in my home doing this business. + +With these lower end costs, almost zero liability risks(no employees, no customers, no products), is there any real monetary advantage to incorporating my “trading business”, or would I just be doling out my profits to some professional so they can help me waste my time more litigiously?? + +Do any full time traders incorporate? +Essel Infra NCD of 616 Cr valued at just 92 Cr by Franklin AMC has defaulted. + +As per the article in Business Standard, "The NCDs issued by Essel Infraprojects are backed by a pledge of listed shares of Zee Entertainment, Dish TV, unlisted shares of Essel Infraprojects, personal guarantee of Essel group chairman Subhash Chandra and corporate guarantee." Therefore value of pledge assets is more than NCD. + +https://www.business-standard.com/article/markets/franklin-mf-sees-rs-616-cr-default-from-essel-infra-in-four-schemes-120052300526_1.html + +In my opinion, Franklin should recover all the 616 Cr from Essel Infra even if they have to get Subhash Chandra Rajya Sabha Member Salary. If they are failed to do so, I think Franklin is in cahoots with debt bond companies and getting kickbacks. + +What are your opinion +I am a MF/Index investor but have been looking at individual stock for a few days. ITC is the one that catches my attention the most and it is really a very interesting stock as many of you might agree. Everything good on paper but sin stock + market is not responding to it well. I was thinking of putting some of it in my portfolio as a value stock. + +I am an investor in PPFAS LT and noticed right now that they have a huge 7.99% part of portfolio in ITC only behind Amazon (8.5%). This is from 0% last year. It looks like Thakkar and co. is taking a bet on this high potential but low performer stock which is very interesting. Are they playing with fire? What are your thoughts? +"It is very difficult to route unaccounted money through banks". Seriously? Then how do the multi billion dollar scams happen? Or is it just that political foul play is LEGAL? Or is it just the loss of control over financial system? + +"The guy shining your shoes." I hope you get what your opinion stands for. + +Yesterday I already wrote in a post that we are in a full scale war mode, and these executives of these corrupt houses won't mind stooping as low as they want for maintaining their control. We will have false news, false reports, increased propaganda. + + While most believe that institutional money will enter the system to bring formalization to the system, I believe otherwise. They will do their pretty f**king best to either kill the system or to get decentralization and distributed nature out of the system. + +Next time, you call bitcoin a scam or any legit project a scam, think twice. Atleast I would prefer to be accountable for losing/making my own money rather than be controlled by corrupt houses, who would tell me what I should and what I shouldn't + +http://www.businessinsider.com/visa-cfo-vasant-prabhu-on-cryptocurrency-bubble-2018-3 + +Here's the link. + +Edit : Banks never do fraud. Just like this. Or maybe sometimes. + +https://googleweblight.com/i?u=https://m.hindustantimes.com/india-news/punjab-national-bank-fraud-an-explainer-on-what-we-know-so-far/story-d6LHHPoimqorJtaUZ3QoBK.html&hl=en-IN + JPMorgan Chase CEO Jamie Dimon estimated last week the probability that the US would head into a recession, according to a Yahoo Finance report published Saturday. + +Dimon reportedly said on a client call Tuesday that the economy was "strong" but "storm clouds" were on the horizon, including federal monetary policies, Russia's invasion of Ukraine, and rising oil prices. The categorization is an apparent downgrade from Dimon's previous comments in June when he warned of an "economic hurricane." + +"Consumers' balance sheets are in good shape," he said, per the Yahoo report. "Businesses are equally in good shape. When you forecast, you have to think differently. It is a bad mistake to say, 'Here is my single-point forecast.' + +The CEO was said to have estimated the chances of a "soft landing" to be about 10% and the probability of a "harder landing" or "mild recession" to be closer to 20 to 30%. He also reportedly estimated a 20- to 30% chance of a "harder recession" and a 20- to 30% chance of "something worse." + +Read the full article: [https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-told-163049048.html](https://finance.yahoo.com/news/jpmorgan-ceo-jamie-dimon-told-163049048.html) + +JPMorgan CEO Jamie Dimon told wealthy clients there's a chance the US is heading into 'something worse' than a recession +\*\*Not Financial Advice\*\* + +**EDIT: THANK YOU ALL FOR THE AWARDS, NEVER SEEN SO MANY OF THEM AT ONCE! + + +I did a post just last week to remind ppl to be careful with selling TSLA calls due to its "high IV" or "contrarian play". + +Posting another friendly reminder on TSLA - seems like a lot of FOMO to go long now. + +Market cap jumped by $100B on Oct 25, then another $100B on Nov 1. The increase for these **2 days** is equivalent to COST market cap. The increase from the last **2 weeks** is 40% or \~$400B. + +Usually, parabolic move is followed by deep corrections, not saying a correction is here soon - I don't have a crystal ball. The price can go up and then go down :) + +If you feel the urge to FOMO, ask yourself why 2 days increase in market cap justify to be more than companies like COST, INC, MS, and many others. + +Happy trading and stay safe. +\*\*Not Financial Advice\*\* + +**EDIT: THANK YOU ALL FOR THE AWARDS, NEVER SEEN SO MANY OF THEM AT ONCE! + + +I did a post just last week to remind ppl to be careful with selling TSLA calls due to its "high IV" or "contrarian play". + +Posting another friendly reminder on TSLA - seems like a lot of FOMO to go long now. + +Market cap jumped by $100B on Oct 25, then another $100B on Nov 1. The increase for these **2 days** is equivalent to COST market cap. The increase from the last **2 weeks** is 40% or \~$400B. + +Usually, parabolic move is followed by deep corrections, not saying a correction is here soon - I don't have a crystal ball. The price can go up and then go down :) + +If you feel the urge to FOMO, ask yourself why 2 days increase in market cap justify to be more than companies like COST, INC, MS, and many others. + +Happy trading and stay safe. +I'm so proud of myself! I grew up in a household that was always in debt, and have always had a hard time managing my own money. + +About 5 years ago, a little before I moved out of my parents' and into assisted living (autism, lots of coaches, I just needed an extra step up to manage it on my own, something my parents couldn't give me, all is well) I got a coach for my financials. However, where I thought the deal would be that she would manage and in the meantime teach me how to properly manage my money, this turned out not to be the case. When I then moved into assisted living, I figured I'd try it on my own again. + +A friend of mine has taught me his way of budgeting, have little (mental) pots for everything. I have a pot for bills, I have a pot for my car, I have a pot for my entertainment, pots for everything. And with that, I set off to saving whatever I didn't need that immediate month. It was hard, but I managed, every month a little better. + +Today is payday, and I like to put everything away in those little pots the moment I see the money in my account. After I did that, I took a look at my total savings: 1096 euro. A feeling of awe washed over me. I did it. I actually managed to save over a thousand euro. After 20+ years of not being able to not spend a single cent, I have a thousand euro just sitting there, waiting for the right moment. + +I'm so proud of myself. + +Edit: It has come to my attention that the method I seem to use is 'envelopes' and zero budgeting. Please check it out, it's really helped me get a sense of control. +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 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/ywAGqfUAQE). +https://www.bloomberg.com/news/articles/2019-05-09/young-real-estate-flippers-get-their-first-taste-of-losing + +Is this an early warning market signal or a sign that amateurs are being oversold on rewards and undersold risks? +Make A Difference Token | More Than Just A Charity Token + +$MAD ❤️ + +MAD Token’s dev team boasts Harvard and Cambridge-educated veterans of the charity space as well as an experienced trader from a prominent crypto trading firm. They united with one goal in mind: to Make A Difference. + +❣️ Low market cap + +❣️ Fully doxxed team + +❣️ Detailed roadmap and white paper + +❣️ Total transparency (all dev wallets listed on website) + +❣️ Smart contract audited by Techrate + +❣️ Direct partnerships with multiple charities to enable crypto donations + +❣️ MAD donations to partnered charities + +Coming soon: + +💕 Full-scale marketing campaign to address both charity and crypto spaces + +💞 Native decentralized exchange (MADex) + +💗 Direct partnerships with some of the world’s biggest and most respected charities + +This combination of titans from the charitable and financial worlds is determined and capable of transforming the way that we think of charity. + +Don’t sleep on what will be the most explosive story to ever emerge from the crypto space. Even with BNB down, they're steadily making gains. + +Their donation to MMAD last night has already grown significantly, and this team is only just getting started! + +📃 Site/white paper: [https://MADToken.org](https://madtoken.org/) + +💌 Telegram: [https://t.me/madcharitytoken](https://t.me/madcharitytoken) + +💸 Buy on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866) +I don’t know who this person is and I’m assuming they sent it to the wrong user. Obviously, I’m going to return it but I just want to make sure this isn’t a scam or something... thanks! + +UPDATE: I contacted Venmo and they told me to just send it back with “wrong person” in the tag line. After reading all of the comments on here I was like yea no I’m not doing that so Venmo manually took it back. No word from the “sender” so hopefully that’s the end of that. Thanks everyone! +I thought I'd just make this post as I often see people feel that they're behind because of their salaries. I know that subreddits such as this one will tend to attract the extremes on either end. You'll see posts from people in lots of debt, to people who made a fortune from Bitcoin, to contractors charging £500 per day etc. I thought it'd be nice to make quick post showing some of the percentiles for pre tax income in the year 2017-2018, so you can have a more realistic, accurate representation of your income versus other people's, compared to selecting yourself against the 21 year old on a 43k base plus 17% bonus. + +As always, before reading on, remember that comparison is the thief of joy.. + +Although I am essentially showing a comparison, I am hoping that it is more realistic and reassuring for you compared to the typical comparison you may make (ie, my examples above). + +If you earn... + +around £24,400 you're in the 50th percentile + +around £30,000 you're in the 64th percentile + +around £40,000 you're in the 79th percentile + +around £50,000 you're in the 88th percentile + +around £60,000 you're in the 92nd percentile + +around £70,000 you're in the 94th percentile + +You get the picture. Just to earn £40k, you'd need to be doing better than about 80% of earners. So when you see people on these salaries pop up all around these forums, just remember that they are very much the exception, not an average. 1 in 5 isn't that crazy, but it is still only 20% of us at the end of the day. As you can see above, earning £50k puts you in the top 12%. To ever get to £100k would put you in the top 3% of the country. Really, only 5% of people earn over £75k! + +Of course always strive to increase your skill set and earn more money etc, but don't become despondent and unfairly compare yourself to others! + +&#x200B; + +I got all the data here: [https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax](https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax) + +Again, this is 2017-2018 so a few years behind, but I'd imagine the situation will look relatively similar, +**Quick background:** Shitadel offered $600M worth of bonds back in 2019. Groups like Standard & Poor’s and Moody’s rated these bonds as mostly junk (Baa3 and BA1). + +FF to last month and Shitadel bonds are up for review again. When Moody’s re-evaluates these ratings, they give specific criteria for what would trigger an upgrade or a downgrade. The criteria is pretty on-the-fucking-nose about what the company is doing. For example, Raymond James Financial is up for review right now and this is the downgrade criteria. + +&#x200B; + +>Raymond James's ratings could be downgraded if the firm were to adopt an aggressive financial policy due to a significant increase in dividends, stock repurchases or a large debt-funded acquisition… + +(From November 9th 2021) + +&#x200B; + +And just under a month later Raymond James drops this. + +[Raymond James Financial Raises Quarterly Dividend, Approves $1 Billion Share Repurchase Authorization](https://www.globenewswire.com/news-release/2021/12/02/2345465/0/en/Raymond-James-Financial-Raises-Quarterly-Dividend-Approves-1-Billion-Share-Repurchase-Authorization.html) + +So, it’s fair to say that Moody’s isn’t just blowing it out their ass with these reviews. + +&#x200B; + +How about Shitadel’s downgrade criteria? + +>CSLP's and its subsidiaries' ratings could be downgraded if its profitability sustainably deteriorates **or if there is evidence of a significant failure in risk management and controls**... + +(From November 22nd 2021) + +&#x200B; + +Holy Moly! + +The upgrade criteria isn’t much better. + +>CSLP's and its subsidiaries' ratings could be upgraded should Moody's conclude its review by assessing that the firm has highly effective capital and liquidity planning for various stress scenarios… + +Yikes. I wonder what sort of stress scenarios they might encounter... + +Reviews usually happen within a 90 day window and I am very much looking forward to this one. + +And hey if you made it this far [here is a little bonus article](https://www.moodys.com/research/Moodys-says-Citadel-Securities-ratings-unaffected-by-debt-upsize--PR_439627) about how Shitadel upsized it’s debt by $1B on \*checks date\* January 27th 2021. Huh. + +Tl;dr hegies are fk, market knows it. +I was going through a lot of active funds like Axis Bluechip, ICICI bluechip fund, etc...All these funds beat Nifty 50 in the long run. If the total returns ( which includes the expense ratio ) is higher than index funds, why do we need to look into expense ratio ? In general, when the expense ratio is included in the returns, is it not sufficient to just look at returns to compare different funds ? Why the expense ratio need to be considered ? +I'm about to receive a lump sum of €77,000 after tax and I'm not very comfortable having that much money sitting there in the bank considering I own no assets and have no debts. + +Property prices in my area are the highest they have ever been - I'm not sure it's the right time to buy. However, I would get about €7,000 in tax back if I invest in property within the next 2 years, but only if it is my primary residence. + +The markets are also going down and I'm worried about investing in stocks or funds for that reason. + +I would like to keep €12,000 as an emergency fund. + +Going forward after expenses I'll be able to invest about €500 per month. + +Basically, what would you do in this situation and at this time? I am in the EU. + +Thanks in advance. +***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 +Edit: Some Apes are making good points regarding this being an unlikely connection. I will leave the post up unless a mod asks me to remove it, but likely a coincidence Apes. ALTHOUGH the timing and the chart similarities are just fucking weird. + +Edit2: u/snowbagels draws attention to DDoS... +"As someone who works in tech, and who sees their CDN (content delivery network) was the culprit, I have four words: Distributed Denial of Service (DDoS) attack." + +“Distributed denial of service (DDoS) attacks are a growing threat for content delivery network (CDN) administrators. A DDoS CDN attack uses malware to take control of thousands of computers, often referred to as botnets, and direct them to flood a particular CDN with so many requests that it cannot adequately respond to legitimate traffic.” + +https://www.akamai.com/us/en/resources/ddos-cdn.jsp + +I’ve got raging confirmation bias. Turns out the error returned when denied access to these sites was error 503. + +“The internet was brought to its knees Tuesday, with 503 errors showing up across the news outlets and websites. A fix came just over an hour later.” + +https://www.cnet.com/news/fastly-outage-how-and-why-it-just-broke-amazon-reddit-paypal-twitch-and-much-of-the-internet/ + +What is error 503? + +“An Error 503 is essentially a sign that the website's server has been comprised by a temporary overload (or sometimes purposeful maintenance). A DDoS attack (short for Distributed Denial of Service) is when a malicious party flood the bandwidth or resources of a specific system.” + +https://www.inverse.com/article/33523-what-is-an-http-error-503 + +This is not a coincidence. Also, note a lot of people use twitch to stream their trading content and are stating they’ll be hosting the shareholder meeting on twitch tomorrow as well. Reddit is the primary source of communication for GME discussion. + +Holy shit. Say what you will, but that’s an awful lot of coincidences. + +Edit3: u/ethervillage +Initially, I thought, “OK, here we go, tinfoil hat time”. However, having worked in IT for close to 30yrs, my mind was changed after I read this. The amount of investment Citadel has in Fastly really isn’t important. The important part is that they are both connected financially. For this reason, and knowing how totally corrupt these dirtbags are, I find it absolutely believable that a DDoS attack would originate from Fastly’s network (as the BBC has stated), in order to impede the inescapable MOASS that’s coming. If they did impact network traffic, it’s a very, very good bet they will be doing it again as needed. Who cares if it’s illegal? What’s anyone going to do? Litigate? Maybe. If so, that will take time, something these criminals are in dire need of. This could be very important and I hope gets more attention. + +HODL 💎👐🚀 + + +BBC report today outlines how Fastly was responsible for the widespread internet issues.. + +[https://www.bbc.com/news/technology-57399628](https://www.bbc.com/news/technology-57399628) + +&#x200B; + +https://preview.redd.it/0jk76dfkw2471.png?width=976&format=png&auto=webp&s=5915f21167e602733876d20f1f4fdf5f494a757d + +## Citadel Advisors Llc ownership in FSLY / Fastly Inc + +[https://fintel.io/so/us/fsly/citadel-advisors-llc](https://fintel.io/so/us/fsly/citadel-advisors-llc) + +# 2021-05-21 - Citadel Advisors Llc has filed a 13F-HR/A form disclosing ownership of 711,702 shares of Fastly Inc (US:FSLY) with total holdings valued at $47,883,000 USD as of 2021-03-31. Citadel Advisors Llc had filed a previous 13F-HR on 2021-02-16 disclosing 186,971 shares of Fastly Inc at a value of $16,335,000 USD. This represents a change in shares of 280.65 percent and a change in value of 193.13 percent during the quarter. + +Citadel Advisors Llc has a history of taking positions in derivatives of the underlying security (FSLY) in the form of stock options. The firm currently holds 899,400 call options valued at $60,512,000 USD and 1,010,500 put options valued at $67,986,000 USD . + +Other investors with positions similar to Citadel Advisors Llc include [LPL Financial LLC](https://fintel.io/so/us/fsly/lpl-financial-llc), [Ameriprise Financial Inc](https://fintel.io/so/us/fsly/ameriprise-financial), [Comprehensive Financial Management LLC](https://fintel.io/so/us/fsly/comprehensive-financial-management-llc), [State of New Jersey Common Pension Fund D](https://fintel.io/so/us/fsly/state-of-new-jersey-common-pension-fund-d), [Treasurer of the State of North Carolina](https://fintel.io/so/us/fsly/treasurer-of-the-state-of-north-carolina), and [Neuberger Berman Group LLC](https://fintel.io/so/us/fsly/neuberger-berman-group-llc). + +&#x200B; + +## + +Edit for Fun: + +&#x200B; + +[Hmmmmmmmm..](https://preview.redd.it/1ig2ng9p33471.png?width=454&format=png&auto=webp&s=d8b3d82bf04d82d7482803defbc9340830a8a64d) + +&#x200B; + +💎💎💎👐🏽👐🏽👐🏽🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Just a reminder that however big this is for GME over time, any official announcement today will most likely not trigger MOASS. Only one thing can prove beyond a reasonable doubt that the entire financial systems is fraudulent, and that's registering the entire float. + +I've seen posts speculating that a large amount of people don't want to post DRS proof for DRSBot. To those of you in this camp, thank you! You're some of the unsung heroes of this story. This isn't a group. There are no leaders. If you are concerned about possibly doxxing yourself then do not post. If you want to post for the bot's count, great! + +But please remember that the NFT Marketplace announcement will "believe it or not" most likely drop the price as SHFs shit their pants and naked short some more. Expect Same Shit Different Day until the float is registered. + +All I'm saying is let's keep our eyes on the prize: **registering the float.** + +Edit: I wanted to clarify one thing. I became more objective as I wrote the post and didn't double check the title. I don't know that DRS will be what triggers MOASS. Nobody knows what will trigger the MOASS exactly. My stance is simply let's not lose focus of the "cone + poo + chair" bread crumbs we've been left. DRSing shares was acknowledged for the first time in the last quarterly reports. I took that as support of our efforts. Once a full announcement comes out, I will reconsider at that time. Until then, DRSing share to ComputerShare puts the shares directly in your name and makes short hedge funds' lives chaotic. That's enough reason for me. + +&#x200B; + +PS - To any paid shills, you can still flip on your failing employer and report the crimes you're aware of to federal agencies. You may even be monetarily rewarded for doing so. There's even a law passed that employers cannot forbid such actions. If a smarter ape wants to fill out these details in the comments that would be great. + +Paid shills see here for details on getting paid: https://reddit.com/r/Superstonk/comments/rqri36/the_sec_has_awarded_more_money_this_year_than_all/ +Going to be a bloodbath this week. Anyone changing their investment strategies in light of the new deaths in Korea and Italy ? + +Edit: 5% + +Edit: 5.8% + +Edit: 6%!!!!!! + +jesus fucking christ ASX200 down 7.33% at close +I am a store manager at a busy coffee shop in Ontario Canada and I have a debt collector calling to speak to one of my baristas. + +It is often busy and inconvenient for me to pull her off the floor when they call, so I would take down their phone number and pass the message on. This didn't stop the calls because I suppose my employee never returned them. Regardless, not my problem, right? + +Finally, after having to pick up the phone during a heavy rush and sacrifice our store's speed of service to grab it, I asked these people to stop calling her at work. + +I explained that she's busy at the moment and has no voicemail to be forwarded to, and in fact, I myself am too busy to spend the time to take down a name, phone number and lengthy reference number. I told her I was the manager of the store and asked her to please stop calling my employee at work, and use her other contact numbers instead. + +The calls have persisted and I just got into a verbal altercation with this collector, letting her know to stop calling because I was not going to pay for my employee to be taking calls when there are customers to be served. She got rude, spoke over me and started yelling that this was a very important matter and she would continue to call until she got through, regardless of what I said. + +What are my rights here? Are there any magic words to get these people to stop calling my employee at work? Just did a search of laws against debt collectors and I know if my employee asks them to stop, they have to. But do I have the right to ask them to stop? Is there a legal line I can use on this person next time they call? + + + +***UPDATE*** + +Since my update got buried in new comments below, I'll state it here. I have discussed with my employee and we decided together that next time they call for her, I will put the phone on speaker, use my phone to record, and she will tell the collector that she's not to be contacted at work anymore. This is a rule in the Ontario law that further calls are a violation of. Hopefully it works. + +Also editing to say to all those who say to just call the phone provider to block the calls: our phone bills are paid by corporate, I don't even know who the provider is. And I am not authorized to make changes to the plan. + +For those that say don't answer or just hang up: we have no caller ID to screen calls. + +And I can't hang up because it Could be her daughters school calling which has happened before so I always have to ask "may I ask who's calling?" which is still a waste of my time. Also just hanging up will allow the disturbing calls to continue, which means myself or my other employees have to step away from the customers we are serving, walk to the phone, and take the time to answer. Yes of course we could hang up after that but the distraction is still occurring and I just want the calls to stop. + +Those that say to fire her: she's a 10+ year employee and doesn't deserve to get fired over phone calls that she has tried to but can't stop. + +Those that say I should pay her a living wage. I am a manager for a corporate chain and can't pay her more. She's also making $4 above minimum wage and I'd say for a barista, that's pretty damn good. Not to mention I don't think paying her more would make her pay more debt. + +Those that say this is her fault and she should pay: obviously, I agree. But I file this into the "not my problem" category. I am not her financial advisor, I'm her boss. If she comes to me for help I will offer her what advice I can but ultimately I think this just boils down to her family being irresponsible with spending, and I just want the phone at work to stop ringing. + +And finally for those that say I should tell the person she's fired. Two things. Firstly the creditor will still call back. Then another employee when I'm not there may say "yep she works here still." Secondly they can call corporate office and get verification of her employment so I am choosing not to tell a lie that will be figured out anyway. + +Hopefully that clears some of all this up since I can't keep up with comments. Who knew my post would blow up like this! +https://www.cnbc.com/2021/01/07/doj-fines-boeing-over-2point5-billion-charges-it-with-fraud-conspiracy-over-737-max-crashes.html + + +>The Department of Justice on Thursday said Boeing agreed to pay more than $2.5 billion to resolve criminal charges stemming from crashes of its best-selling 737 Max airplanes. +I'm 30 years old and I've never made more than 28k a year. + +I'm making about 23k a year right now working 4 days a week (took a break from multiple jobs and just working 1 now while I start intense therapy). + +my closest friends make 43k, about 34k and then a good amount are now making more than 60k. They are younger than me in fresh jobs that are either corporate or WFH tech job. + +If you grew up without support or financial literacy/mentorship/guidance/connections, how do you work full time while going back to school to get a higher paying tech job or ANYTHING more than 30k? I applied to programs all aimed for people under 27 (I'm 30) + +Just wondering how you climb into a better paying job when you can't afford to stop working to do the training/school + +I live alone and have no family. I don't have a degree. I wish I could go back to school to become a counselor but that means 4 years undergrad and expensive grad program. +I have no savings and live paycheck to paycheck. I already have a hard time trying to keep up, how could I do this and be student and actually pass/do well not just waste a shitload time/$? I don't have strong enough support system to lean on, the idea of this feels insurmountable while leading doing so much alone. + +But I want to dream again. +Hi! My yearly contribution to EPF is above 1.5 lakhs. So, I cannot claim tax deduction under 80C. +I see a lot of people here invest in PPF. My question is why do people do it? As far as I know it is not liquid and gives slightly better returns than FD (FD is 7 and PPF is 7.1 right now). Also, should I invest in it if my EPF contribution exceeds 80C? +Hello world, this could be a very exciting week so we have to be prepared for everything that might happen... +Alright here's the plan: Hold! +Thank you for coming to my TED talk, I like the stock. 🦍 + +Current price "115 minutes in: 164.02 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 164.87 US-$ + +5 minutes in: 164.03 US-$ + +10 minutes in: 164.09 US-$ + +15 minutes in: 161.58 US-$ + +20 minutes in: 161.58 US-$ + +25 minutes in: 161.58 US-$ + +30 minutes in: 161.58 US-$ + +35 minutes in: 161.82 US-$ + +40 minutes in: 163.85 US-$ + +45 minutes in: 163.91 US-$ + +50 minutes in: 163.97 US-$ + +55 minutes in: 164.51 US-$ + +60 minutes in: 164.57 US-$ + +65 minutes in: 163.31 US-$ + +70 minutes in: 163.37 US-$ + +75 minutes in: 162.83 US-$ + +80 minutes in: 163.37 US-$ + +85 minutes in: 163.97 US-$ + +90 minutes in: 163.97 US-$ + +95 minutes in: 163.97 US-$ + +100 minutes in: 163.97 US-$ + +105 minutes in: 164.31 US-$ + +110 minutes in: 164.02 US-$ + +115 minutes in: 164.02 US-$ + +The US pre-market is about to open so that's it for the day. 🇺🇸 +Thank you for making me a part of your daily routine and I hope you have great day. +I'm still shocked by all the feedback I'm getting, thank you so much! +Much love to all of you 🤗 +Let's say that due to a divine miracle Microsoft share price grows at the same rate that it did over the past 10 years, around 22% per year. + +In 2031 Microsoft would be worth $13 trillion which in perspective is roughly equal to today's UK, Germany, France and India GDPs combined, which just sounds ludicrous. + +How far do you think this will go? +One of my greatest fears is looking or feeling stupid, and this often keeps me from raising my hand and asking questions in class. + +If you think about it, this sub is trying to do something almost impossible: Hundreds of thousands of people are trying to learn about pretty complex financial market stuff in ever more detail and depth – far beyond what the average person probably ever even thinks about at this point. This has the potential to be intellectually intimidating, especially if there are other people who seem to know it all. + +But by calling ourselves apes, we have fostered an atmosphere that genuinely celebrates an initial lack of understanding and that embraces asking questions and growing wrinkles. + +This atmosphere lowers the barrier of asking questions and avoids a situation in which everyone else appears to get it, so that nobody wants to be the one person who doesn’t get it. Instead, people here achieve better understanding and are more confident in their understanding, and as a result, are also more confident in the MOASS and more likely to diamond hand. + +For example, yesterday, I asked a question on a post about an assumption used in an estimate that I didn’t understand. A kind fellow ape took the time to explain it to me, and I was genuinely grateful and happy to have learned something (kudos and a heartfelt thank you at this point to all the apes that help others understand!). + +Others (looking at you, media) may make light of people calling themselves apes and deride this as self-deprecating, but I would argue that they don’t understand the impact that acknowledging our imperfect knowledge has on actually building solid collective knowledge. This sub’s atmosphere is an amazing asset that we shouldn’t underestimate. + +TADR: This sub is basically engaged in a hard af immersive econ class. We’re writing the textbook and the class atmosphere could not be better. + +To the lovely people about to comment that they truly are clueless apes just here for tendies, thank you for your service. + +Disclaimer: I have seen references to situations in which people didn’t want to answer basic questions and called shill. I have not seen this in person but let me know how prevalent this is and what you think the implications are. +Non native English speaker here. + +I live in Bangladesh where a lot of people live in extreme poverty, earning less than USD 2.00 or less. + +Now all the personal finance and wealth building books that I have seen tend to be directed towards Westerners. They assume that there is a functioning stock market that keeps on growing over time. They assume there are social safety nets such as disability, health and unemployment insurance. There is also an assumption that there are few barriers to employment or starting a business and there are tons of opportunities. + +This is simply not true for people living in absolute poverty in developing countries. For instance here in Bangladesh the stock market regularly crashes. There are no social safety nets whether its disability or unemployment insurance or universal healthcare. Bangladesh ranks last in Ease of Doing Business and opportunities for income generation are few and far between. This situation is evermore tolling on people under the USD 2.0 poverty line. Lots of them can read English and are working in menial jobs but cannot have a budget as the books suggest because the expenses are often more than the income: so they can't really save and invest. If they do save, a problem often occurs that depletes their savings (since there are no safety nets they fall into the poverty trap). + +So my question is: Are there ANY books out there that targets people living in extreme poverty to get out of their situation and be financially independent? Or are they beyond help and such books targeting them are simply not possible? + +Edit: Cryptocurrency is illegal and punishable with 10 years in jail. Opening an overseas account is illegal and there are strict currency controls to prevent money going out or into the country. + +Edit 2: Whoah this blew up! I am trying to reply to as much of the comments I can. Also, I am actually not at the USD 2.00 per day mark, I am more at the USD 8.00 per day and I am considered middle class by Bangladeshi standards. This was a general question. Besides if a book can help someone on the USD 2.00/day, it should be able to help anyone in a developing country. +Elon Musk’s SpaceX plans to spin out and pursue a public offering of its its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company. + +https://www.bloomberg.com/news/articles/2020-02-06/spacex-likely-to-spin-off-starlink-business-and-pursue-an-ipo +Apple should be announcing their next dividend this week, and if the past is any guide, I suspect that we should see a dividend increase as well. I'm hoping to see it move to 86 or 87 cents ANNUALLY per share (from their current 82 cent annual payout). Keep in mind that at the start of this fiscal year, their quarterly div was 82 cents, but due to their 4 for 1 split, it adjusted down to 82 cent annually (20.5 cents quarterly). Sorry for the confusion! + +Which made me think, which other companies do people own that reliably increase their payouts year over year? + +I've got a slew of companies that do so (EBAY, INTC, MSFT, O, PFE) but also a few that don't including: + +BAC - been stalled for regulatory reasons + +T - stalled + +AGNC, DSL, DHY - all have declined due to interest rate environment +So today after reading immutable X’s release that involved GameStop and some of the comments about immutable just being so open about the partnership it got me thinking. +What if GameStop is allowing immutable to be open about there involvement with the marketplace because that narrows it down to just gaming related (for the outsiders). Then one day when they are fully ready they drop the M.O.A.B. for the MOASS and release that they will be taking their shares to a new exchange they built powered by LoopRing on DeFi. + +As a disclaimer I’m stupid and thought of this when I was in the shower. After my tits got razor sharp I decided to make a post about it. So if it’s a stupid thought…. Blame my tits! +> **Bitcoin Just Plunged 20% in a Matter of Hours** + +https://www.bloomberg.com/news/articles/2017-11-29/wild-bitcoin-ride-erases-2-200-in-five-hours-after-record-rally + +> Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages. + +> The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $11,434 before the reversal took it as low as $9,009. As of 3:36 p.m. in New York, it traded at $9,911.10, virtually unchanged from where it began the session. + +> The heaviest selling came amid reports of service outages and delays on some of the largest online exchanges. The extent of the problems on platforms such as Coinbase and Gemini remained unclear, with several saying massive spikes in traffic had caused unspecified problems. Coinbase remained unavailable to some users. + +> Bitcoin had rallied 20 percent in just four days, topping $10,000 for the first time earlier this week in a runup that drew increased warnings it was in a bubble. The cryptocurrency ended September at $4,171.25. + +This might be a buying opportunity if you don't mind volatility. Definitely no guarantees though. I do not currently own any bitcoin or have plans to buy any. +For discounts, lower rates, credits. Just this weekend I found a bunch of stuff that I had bought from the hardware store over the summer and never used. Took it and the receipt back. Even though I was way outside the return policy they gave me store credit. Today I was dealing with the electric company that no showed an 8am to 4pm appointment last Friday. Asked if they could do anything for me. Boom, credit off my next bill. + +Save your receipts, be polite, be reasonable, and ASK. + +Edit: I'm happy that my first Reddit gold was earned while helping others. I hope you all meet your financial goals! +Follow the yellow brick road + +We're starting with IMX and following the transactions of where they send there tokens too.[https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns](https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns)\\/[https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns](https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns) + +\\/ + +[https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns](https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns)(Gamestop). + +\\/ + +[https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns](https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns) + +\\/ + +[https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns](https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns) + +The final wallet in which i could track the imx tokens too. but look at the activity being sent to the wallet. Nfts from Apple. Mcdonalds. Rolex. Louis vutton, Dolce gabbana, Gucci Warner bros. + +This wallet contains $115million in assets thats ether and other tokens from hundreds of big name companys and other developers tokens and over 400 nfts so far... almost as if this is 1 big hub/or marketplace + +&#x200B; + +Update: + + alright, iv had some time to look into these nfts. The conclusion.... crime. Next level call the mofo FBI crime. im not sure how 39,173,533 imx tokens made there way into this wallet yet. + +As for the nfts its easier to view those via rarible, each and every brand all have the same description "COUNTDOWN FINISHED. MINTING IS NOW LIVE" and a link to the brand specific website, these websites seem like direct clones of the original websites i.e rolex, supergucci, invisiblefriends although all with the same theme "mint 5 get 1 airdrop free or 2 for 10". We are talking dozens of brand sites, dozens of verified rarible accounts with hundreds-thousands followers, 10's of thousands of nfts. Each of verified rarible accounts connected to these nfts all hold the similar nfts and brands. + +[https://rarible.com/4156/owned](https://rarible.com/4156/owned) +[https://rarible.com/twitter/secondary](https://rarible.com/twitter/secondary) +[https://rarible.com/defidad/owned](https://rarible.com/defidad/owned) +[https://rarible.com/-888-/owned](https://rarible.com/-888-/owned) + +Someone @ Gary gensler +I park cars for a living so please forgive my poor communication skills. This is not financial advise. Hang with me this starts off slow but speeds up fast. + +&#x200B; + +Yes this is about a frustrated DFV, tin foil RC theories, and how they point towards Computershare. In fact its DFV returning to try 7 times and tin foil speculation is RC tried 3ish times. This is 100% speculation. + +2/24 thru 4/8: A 'jump' into 'cone' 'poo' 'chair' mixed in among other tweets. We've all seen these RC tweets over the course of a 6 week period. Nobody i saw put any of these guys together back then. /shrugs "meh" + +&#x200B; + +[RC 1st - Cone Poo Chair](https://preview.redd.it/jhzykbrvntr71.png?width=614&format=png&auto=webp&s=6b3a4367f405eda5ad88cba666ff40292766cf82) + +&#x200B; + +4/16: DFV aka roaring kitty posts what i believe he truly intended to be his final twitter post. cat hugged by ape /tears + +4/20 thru 4/29: RC tweets ted jerking it which has recently been interpolated to mean 'cum' and mr hanky the Christmas 'poo'. These are mixed in with other tweets and still not sequential. /shrugs "it rips when he tweets shit memes lul" + +&#x200B; + +[RC 1.5 - Cum - Poo](https://preview.redd.it/3e9jq7xyntr71.png?width=614&format=png&auto=webp&s=7f20c0aa5e81b0a02615bafc5706513b5a36a7ce) + +&#x200B; + +this is where things get exciting, i promise + +6/1: DFV ruins his perfect public exit with a tweet expressing "roaring kitty is back!" and "has had a breakthru!" + +&#x200B; + +[DFV new DD! I'm back and have had a breakthru](https://preview.redd.it/sd2slx29otr71.png?width=829&format=png&auto=webp&s=7f19ee3c6eeca999fa2a6fa1c981748af4e3cfaf) + +&#x200B; + +6/1 (cont): The next two tweets express that we dont have to be locked up with the shorts, rather they can be locked up with us! how can this be? the next video is edited for a specific dance scene for with computershare's logo on the floor 'everybody....yea.....' + +&#x200B; + +[DFV1st attempt: lock it up...everybody...yea....in computershare](https://preview.redd.it/kdk7s6bcotr71.png?width=760&format=png&auto=webp&s=a60d319b03ea6785604309208e0d7392aa257440) + +&#x200B; + +6/2: DFV probably sees this didn't have any reaction on reddit, his first tweet 6/2 is about a poem that to the reader doesn't fully appreciate, but he's super proud of the 6/1 sequence. it is poetic perfection and was alot of work but we dont get it. oh well, he'll try a 2nd time. + +In fact he'll try the same formula again. 'Our common goal' (so this next sequence will be about us as investors).....DFV is Parzival and has figured something out (re: aka had a breakthru) ...the other player (ape) riding gamestop (logo on the bike) then asks Parzival to tell what he knows!...then the bike aka gamestop 'launches'....but we know how this sequence went after in the movie. You have to go backwards (thru the share chain of custody to Computershare) if you want gamestop to successfully launch!...the next meme is him communicating that he's sending the same message that he just tried to communicate on 6/1 + +&#x200B; + +[DFV 2nd attempt: new day same message and formula](https://preview.redd.it/r8xmrdefotr71.jpg?width=1020&format=pjpg&auto=webp&s=649d2258a5899be0760fae80bf42c7648efbf440) + +&#x200B; + +6/3: The next sequence is the cat (DFV) waking up and then checking the HOT in reddit to see that again, nothing has come of his now 2nd sequence of Computershare tweets (joker's bomb not going off). No problem, he's got a really really clear 3rd sequence. Enter mystery men scene putting together RC's 'cone-poo chair' images that had previously not been combined like this, in an easy spell it out WHAT DO YOU SEE format. He then follows this up with 'when the world deals you a .......got to the furry wall. Look at that wall! The Computershare logo is literally dark purple in the video clip and he's rubbing on it telling you to go there. The final tweet for the day is DFV (the old man) expecting to sit back and now for a 3rd time watch the hopelessly ill-financially knowledge equipped apes (the rider struggling in the stream) chew on this sequence. + +&#x200B; + +[DFV's 3rd attempt](https://preview.redd.it/5cxftt0iotr71.jpg?width=1020&format=pjpg&auto=webp&s=c63726046425c8e966139483dbc0191deae03a56) + +6/3 (cont): RC tweets sears sign being torn or 'tear' down. some folks have indicated this could also be 'ars'. /shrug 'a stretch'. reddit digs into sears etc. Its confirmation bias for DFV seeing this possibly com together for a 2nd time on RCs end. + +&#x200B; + +[RCs 1.75nd attempt](https://preview.redd.it/kkl8ofsjotr71.png?width=340&format=png&auto=webp&s=30163c94bd6568dd0f2a56b36d299bcc8d07b868) + +&#x200B; + +6/8: DFV is back to try again! "Stop him if we've already heard this one" is a reference to this being the 4th attempt with the same message. He then has another 'launch' tweet via that cat song, thats the objective here. The 3rd tweet is DFV thinking, how he can say the same thing again. 4th is 'its ok i've got another bullet in this meme chamber' for this. I haven't seen a good explanation of the 5th, i'd love to hear a theory but so far i think he's trolling us and its purposely confusing as an expression of his frustration with us. (edit: the cat communicating and us talking jibberish, not getting the cone)...which ties in with the 6th tweet with 'us' just asking to be told what to do. I imagine that this has been difficult to meme together and he never expected it to be this unclear for this long. + +&#x200B; + +[DFV's 4th attempt: Anguish about trying to come up with another way to say the same thing](https://preview.redd.it/nw4lmmpmotr71.jpg?width=1020&format=pjpg&auto=webp&s=d0021531f3d1907acb0eafea27c4bae41aa366ff) + +&#x200B; + +[Edit 6: emphasis on the 'O' after asking to be just told what to do 'O'](https://preview.redd.it/idnix2cervr71.png?width=750&format=png&auto=webp&s=43ea7366f424b479cb82e71f0da4492c4cd1e39f) + +6/9: He's back and has another idea for how to convey this, maybe a little weaker this time because its getting extremely difficult to come up with shiat to meme at this point. The top gun with GME 'launching' off the deck (3rd time we've got gamestop 'launching' in these sequences)....run.....to call the shares yours (gamestop logo on/is the coin we are calling here)....but why please explain it harder....he cant do it for you everyone has to do it for themselves. This is attempt 5. + +&#x200B; + +[DFV's 5th attempt](https://preview.redd.it/xfhmt6frotr71.jpg?width=1020&format=pjpg&auto=webp&s=e31aea7af43cb1043dd82d4baabfa1908d69b700) + +&#x200B; + +6/15 + 6/16: This still isn't working. Here [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) is really stretching for content....so this time he exaggerates colors in the first 3 tweets "Red".......(let them stare at that one overnight alone so they get that i'm focused on the COLOR) - "White" (maybe? or him telling us to look harder) - "Blue" ......mix it together = ahha! (purple). 6th attempt. + +&#x200B; + +[DFV's 6th attempt](https://preview.redd.it/9fexxprwotr71.jpg?width=1020&format=pjpg&auto=webp&s=5baa3882a15475c09764afbb0fd61aafae8fb787) + +6/17: At this point its really hard for DFV to find content. Its a guy in purple (edit2: this guy IS computershare) turning nothing into something (ie fake phantom broker shares into real registered shares!). Go look at that one yourself. 7th attempt. + +&#x200B; + +[DFV's 7th attempt - pretty clear and consise actually.](https://preview.redd.it/ky7oi0h2ptr71.png?width=1020&format=png&auto=webp&s=c5bc9cca86680ba5450359231fa7b6b2652a5ada) + +6/18: DFV gives, he's out again. + +7/23: RC has watched this transpire and DFV totally fail to communicate his message (because we are r3t4rd3d). He chews on this for weeks. He still has one more tweet to communicate 'chair' but sees its failed once on his end and now 7 times on DFV's end. He tweets out the 'compooterchair'. Apes are excited with the interpretation that "hE's WoRkinG 24/7"...which is true but yea he's playing 4D chess so this both completes his 2nd attempt and is its own stand alone attempt. Still fail. + +&#x200B; + +https://preview.redd.it/fqhng416ptr71.png?width=438&format=png&auto=webp&s=3d275da3caefde57f81c2f7b999384e96dcefef3 + +RC 2.0 and 3: compooterchair + +Apes figure out Computershare is the way independently, hedg are fuk, and we live happily ever after. + +&#x200B; + +edit3: credit u/moronthisatnine has been trying to show us that RC might have a 4th here using the same color formula DFV used. Dowvoted to hell RIP + +[https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab\_a\_blunt\_drink\_some\_whiskey\_listen\_to\_this/](https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab_a_blunt_drink_some_whiskey_listen_to_this/) + +&#x200B; + +Edit 4: Excellent point someone sent me! + +Remember the FUD about no computershare insurance but brokers up to 500k? Like to convince us to stay at our safe brokers? Imagine your Keith with \~$30M in some broker and RC is tweeting out 741s like a machine gun (broker liquidation?!). 500k on 30M is not acceptable risk!!! No chance the cat is still in a broker, he's gonna be mostly if not all DRSs to protect his wealth....DRS lets you only worry about the solvency of gamestop.....broker you have two companies to worry about... + +&#x200B; + +edit 5: holy sheet just got back from work and i've got more messages than i'll ever be able to respond to. There seem to be ALOT more references to Computershare in those tweets people have found than listed here........i suggest everyone go back thru DFV's tweets from june and start filling in the blanks for yourself with those i haven't referenced above. +Read it and weep, folks + +* * * + +TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Today, RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) announced a reduction of RioCan’s monthly distribution to unitholders from $0.12 per unit to $0.08 per unit, or from $1.44 to $0.96 on an annualized basis. RioCan’s Board of Trustees has determined the reduction is appropriate given ongoing uncertainty as a result of the pandemic. This decrease will be effective for the Trust’s January 2021 distribution, payable in February 2021. + +https://www.globenewswire.com/news-release/2020/12/03/2139556/0/en/RioCan-Real-Estate-Investment-Trust-Announces-One-third-Reduction-in-Distributions-to-Unitholders.html +So, I'm planning to go to school for something in the financial realm. I was thinking CPA, but then a friend's dad told me that with how passionate I am about financial planning, I should look into that. I think he might be right, but I'm in no way interested in being a pushy sales person. + +So, here's the dream. If I could build the perfect job, I'd love to help people from ALL socioeconomic backgrounds (maybe the struggling even moreso than the wealthy) learn how to properly build and manage their finances. I'd like to get them on track to lift themselves out of debt and start building a proper stable financial future. I don't want to sell them crap. I want to help. I want to make $50k a year. More is better, obviously, but a definite floor of $40k. + +Is it realistic to find this job, without a manager trying to get me to push crappy insurance, stocks, etc. on my clients? I'd rather just go be a CPA and do taxes or audit than be part of the problem. +Hi, Been trading since past two years and I noticed one thing whenever I focus just selected stocks on day to day basis (track them for a week or so) I kind of know what's coming next in the stock. Does anyone else trade only selected stock everyday? + +I am a price action trader and I trade support and resistance. Do you believe that if you focus just on selected stocks everyday you can form a relationship with the stocks? Sounds weird isn't it? Hah. +I’m writing to warn you about Capital One 360. I also posted this warning in /r/mortgages. + +The short of it is that they lost our "cash to close" by wiring our money to the wrong bank. + +My husband and I had the money that we’d saved for a down payment in a Capital One 360 account. As our closing date approached, we were sure to do everything correctly. I even called Capital One well in advance (over 10 days) to tell them that we would be transferring cash to close. + +The day of the closing, **Capital One wired our down payment of almost $20,000 to the entirely wrong bank** –and they didn’t even figure out what they had done incorrectly until I pieced it together. + +Even though they admitted liability (in writing!) they refused to cover the cash to close. If I hadn’t been able to take an emergency loan from my parents, we would have lost the house. + +CapitalOne didn’t even return the funds to us until I sent them a demand letter (after I’d spent several hours researching the relevant laws). + +To “make up” for what they did, they offered to send a “housewarming gift.” I still get sick to my stomach when I think about Capital One. + +Stay far, far away. They acted with gross negligence and treated me and my husband like garbage. + +***Edit: Just to clarify: + +(1) They didn't just key a digit or two incorrectly. They switched our wire transfer instructions with those of another customer. Our money was sent to a valid (but incorrect) account. + +(2) There was never an option within our account for us to key in the information. I called to give instructions, and then they insisted on written instructions on our attorney's letterhead (which he sent). + +(3) They said that they destroyed the source documents shortly after they received them. This only compounded the problem. + +(4) I understand that mistakes happen, but **the way that Capital One chose to treat us following their mistake is worth a warning.** +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! + +Hi there, + +I started looking into private pension funds recently because I have \~400€ monthly that I'd like to contribute towards my long-term goals. + +My situation: + +* 25 year old, living in Germany, no debt +* Current "portfolio": + * 300€/mo into Vanguard FTSE All World Sparplan (Commerzbank) + * Contribution to employer pension plan (\~100€ from my net salary, with the employee contribution & tax savings it amounts to \~280€/mo)--> it goes to a 50/50 split of DACH & FTSE All World iShares ETF + * 6k€ cash for emergencies (still want to grow this, and I have room for it aside from the 400€ I planned above) + +Options I considered: + +* Increase the employee pension plan contribution + * PRO: Tax savings (but no more bonus from employer as that's maxed out) + * CON: Very inflexible (can't withdraw anything before 62y) +* Start a private pension plan + * PRO: Tax savings, more flexibility (can withdraw if really needed), more security (guaranteed payout), at the end they still invest in ETFs (10% bond, 30% euro stoxx 50, 20% EM, 40% msci world) + * CON: Fees that the plan would have that are calculated into my return, reduced visibility (more complicated plans - depending on the company) +* Increase the contribution to the ETF Sparplan + * PRO: Full flexibility, full visibility, lowest fees + * CON: Full taxes on cap. gains + +Currently I am leaning towards the **pension plan option**, but I'm curious **if you see any downsides to this** or are there any other points that you might have? +As a 20 year old doing some research into ways that I can grow my net worth for the future, I stumbled upon the fact that in Ireland you are basically robbed from your investments. + +I was planning on investing a lump sum into an ETF that I could then build upon over the long term. Of course eventually diversifying my portfolio in time. However after doing some research I found that, in Ireland you are taxed @ 41% of your gains every 8 years in what is known as “deemed disposal”. + +To be honest this has ruined my plan and I am wondering is there anyone that can tell me if it is still actually worth it to invest in the stock market in Ireland. Or should I just hope and pray someday I can get my hands on some real estate and go that route. + +Thanks for reading and any information is greatly appreciated. +Why do I keep seeing people on this sub selling greedy puts for stocks they don’t like or want and now they’re getting fucked because the market is correcting… can someone explain to me their logic here? We’re here to sell options… specifically options on companies we like, the reason you may ask? Because when you inevitably get assigned the loss doesn’t sting that bad. We are not WallStreetBets, we’re the next Pokémon Evolution and we’re here the fucking win. Let’s stop all these shit plays and try to make some fucking money boys and girls. +Covering, and hopefully SHF forced liquidation, won't happen simultaneously to a market correction. it'll happen soon after. + +margin calls take 2 to 5 days. GME isn't immune to the market and negative beta isn't simultaneous. + +don't panic, do what we always do. buy the dip. then drs whatever you want to. + +buckle the f up. we are used to this crap by now. + +expect it, be ready. + +tldr: once again, we are in the endgame. today's the day. moass Monday? Zen mode engaged. need minimum characters. +Disney Plus had a launch for the ages, adding over 73 million subscribers in its first year, but not all of those subscribers were in the US. In fact, approximately 25% of subscribers were in India. India has emerged as a key battleground in the streaming wars with Netflix(NFLX), Amazon(AMZN), Disney(DIS), ViacomCBS(VIAC), and others, who are pouring resources to try to capture scale in this large and valuable market. + +In India the number one streaming service is Hotstar (owned by Disney) accounting for 41% of the market and consisting of over 400 million users of their free with ads platform. For paid streaming, Hotstar had a total of 6 million users split between their VIP and Premium subscription plans when they were acquired by Disney. This number is growing now that they have been purchased by Disney(now almost 19 million about 25% of Disney+ users). Hotstar now offers all of the Disney+ content(called Disney+ Hotstar) as well as the streaming rights to the Indian Premier League (IPL) Cricket. To give you an idea of the popularity of cricket viewership in India, 411 million people watched the IPL championship in 2019. + +In addition to IPL, Disney+ Hotstar has the rights to many popular shows in India including those from other US competitor networks such Game of Thrones, Friends, Modern Family as well as tons of Disney and Fox’s own movie content and 61 channels that are in 9 local languages. While this is more premium content than the American Disney+, Indian viewers pay the equivalent of around $5 for the VIP plan and $14 for the Premium plan for the full year as opposed to the US’s $6.99 per month plan or $69.99 per year, so the huge subscriber market is offset in part by the lower prices points. Similar to their approaches in the US, Disney has targeted a lower price point initially to quickly scoop up market share. + +Full article- + +[https://www.prophits.app/post/the-importance-of-india-in-the-streaming-wars](https://www.prophits.app/post/the-importance-of-india-in-the-streaming-wars) +My partner and I went to order our sofa and carpets yesterday from a major department store as the sale was due to end at 8pm last night. We wanted to spread the cost over 4 years interest-free and I started the process of filling in the finance application. The application took more than 20 minutes to be assessed by the underwriters, which was strange as this company uses the same finance provider as a well known electronic department store that I've used in the past. The manager tried to phone the finance company to see what the hold up was and couldn't get through so we left and they said they would call us today/tomorrow to finalise everything. We left knowing that we'd locked in the price and was happy. This morning the same sofa suite has been reduced even further by £300 and some carpets have been reduced further (unsure whether or not the ones we chose have too). Because we left the store with the finance application with the underwriters am I still within my rights to go in and ask for everything at the new lower price or am I now tied in to the original higher price? + +I spoke with family last night who said if I go in asking to pay cash for the sofa I may get it even cheaper. I'm also going to look at a local carpet dealer to see how their quote compares to the 'sale price' of the carpets. The reason we didn't do this previously is because we were made to think that the sale ended last night at 8pm. +Since money has been around for thousands of years, why don’t the majority of people have wealth that has built up over many generations and accumulated compounded returns? + +Anecdotally, The most inheritance I’ve ever gotten from a family member is about $100, from my great grandmother that passed away as a kid. I got nothing from my other grandparents that passed away so far and I don’t expect to get anything besides heirlooms from the remainder. + +I might get a decent amount of money from my parents when they pass someday but nothing too spectacular. + +My family is mostly middle class. One of my parents makes six figures and the other makes 5 figures. But from the info I’ve gathered and been let on to, they’ll probably have just enough saved to retire in their mid sixties and live out a standard retirement with most savings having been used by the end. + +Personally, if all goes according to plan, I expect to build up at least a decent amount of wealth in my lifetime and be able to pass on most of it to the next generation. This will hopefully set them up to be FI pretty early and they can build on this by continuing to build on the principal of this wealth before beginning to use it. My hope is that it can be passed down many generations with each generation adding some to it before using it. + +But, I’m starting to wonder if that would even happen since it hasn’t happened to date in my family’s history and I don’t see it happening in most other ordinary families despite having the chance for many many generations to set this up. + +Why haven’t a majority of families been able to build wealth despite money being around for so long? +To clarify, I listened on Audible since I'm able to listen while I work at my job. + +I'm 30(M) and I'm finally on a better path for my financial security. + +The 4 books were: +The compound effect by Darren Hardy +The simple path to wealth by JL Collins +The little book of common sense investing by John Bogul +I will teach you to be rich by Ramit Sethi + +The amount of mind explosions and that I went through was insane. I felt stupid. Why am I 30 and just now realizing this? Why wasn't I taught this in school? My friends nor parents dont even know about simple TIF's, Roth IRA's, or even HSA's and the advantages it comes with despite high deductible insurance! I honestly can't believe it. The sad part is that this shouldn't even be a mind exploding secret. + +I just started my 401k this year for the first time in my life. It feels great but also disappointing that I didn't start it 10 years ago. Or really go for a job that provides it. I got caught up in the food industry through my 20s. The constant dating, flings, parties, weed, and lack of care for my future. But no better time then to start now and better late than never! + +I work at a factory now and I'm projected at my first 100k this year. It feels amazing. Not the fact of having extra money but rather the opportunity to use alot of it to put it where it counts. I can't even believe I didn't pay more attention to this sub either. I could've saved myself some time. I'm just glad I'm on the right track and it feels fucking awesome. + +I realize that I still have much to learn but I'm definitely better off than I was before. Excited to continue this journey! + +I'd also like to say that John C Bogul is a legend and I especially enjoyed I will teach you to be rich by Ramit. His narration style and the way he conveyed his book made it much more interesting to listen to. +I've never considered myself to be super great with money or investing in any sort. I just followed common sense tactics such as don't eat out at lunch during the week or by a new luxury toy when you don't need it etc. +Well last night I was at a pool party with some of my teacher friends when others started chatting about getting a new car and spending half their salary a month on the payment or hiring another maid to clean their house when they have no kids living with them. The list trickled on and on when I realized that absolutely none of them even had an emergency fund! I was the youngest in the group with a meager 11k in savings yet years ahead on savings than people in their fifties! +Many times I would view this sub an feel hopeless about retiring before 60 on my measly 30k a year seeing but seeing others in my career field completely flopping has given me new inspiration to keep my small stack growing. + +Is it really that big of a trend in the professional world where almost nobody saves or is that just my personal experience? I couldn't believe EDUCATORS of all people would be forcing themselves into a paycheck by paycheck situation. +Hey everyone. I had allocated RSUs of a company in India who few months back got listed in NASDAQ. Wanted to understand how are tax calculated on these RSU converted shares? + +As I understand, once I sell the shares I would need to pay tax directly to US authorities. And don’t need to pay anything in India as we have double tax treaty with US. +Hi Favorite Community - + +Hope this is allowed. Yell at me if not and I’ll delete it. + +Mid 30s/f/9-11M depending on the month + +I made the decision to retire (for now anyway) and stay home with my kids about a month ago. This community helped with that very hard decision as I was walking away from $750k+ annually of very easy money and upside. Thank you for that. I appreciate everyone’s guidance and have ZERO regrets. + +I am spending time with my kids and doing other things I enjoy like cooking, volunteering, planning, walking, hiking etc. + +I now have the luxury of time. Many people in my situation have talked about outsourcing things like cleaning, cooking, Yardwork etc so they can “buy time” but I actually quite enjoy the “labor” jobs like that and include my kids in helping with these things so it’s an activity and also teaching them something. Often times I do it during nap time or after they go to bed and am looking for really thought provoking, nourishing podcasts now that I’ve dried my usuals up. + +I thought this subreddit would be a good place to ask for the TYPE of content I’m looking for because it’s the stuff that typically people with the luxury of time find themselves listening to. Less entertainment and more self improvement. Peter Attia’s podcast Drive is an example where I got very into it then spent a few thousand dollars making life optimizations based off what I learned. + +I’m looking for podcasts on marriage/relationship improvement, health/longevity, happiness, philosophy etc … + +Again, I know this has been lightly touched on but new content is great and hopefully this applies as I’m looking for this due to recently fat fired (even though I’m not living fat by any means, but only by choice). + +Looking forward to your wisdom and experience! Thank you again for helping me bite the bullet! +Hi Favorite Community - + +Hope this is allowed. Yell at me if not and I’ll delete it. + +Mid 30s/f/9-11M depending on the month + +I made the decision to retire (for now anyway) and stay home with my kids about a month ago. This community helped with that very hard decision as I was walking away from $750k+ annually of very easy money and upside. Thank you for that. I appreciate everyone’s guidance and have ZERO regrets. + +I am spending time with my kids and doing other things I enjoy like cooking, volunteering, planning, walking, hiking etc. + +I now have the luxury of time. Many people in my situation have talked about outsourcing things like cleaning, cooking, Yardwork etc so they can “buy time” but I actually quite enjoy the “labor” jobs like that and include my kids in helping with these things so it’s an activity and also teaching them something. Often times I do it during nap time or after they go to bed and am looking for really thought provoking, nourishing podcasts now that I’ve dried my usuals up. + +I thought this subreddit would be a good place to ask for the TYPE of content I’m looking for because it’s the stuff that typically people with the luxury of time find themselves listening to. Less entertainment and more self improvement. Peter Attia’s podcast Drive is an example where I got very into it then spent a few thousand dollars making life optimizations based off what I learned. + +I’m looking for podcasts on marriage/relationship improvement, health/longevity, happiness, philosophy etc … + +Again, I know this has been lightly touched on but new content is great and hopefully this applies as I’m looking for this due to recently fat fired (even though I’m not living fat by any means, but only by choice). + +Looking forward to your wisdom and experience! Thank you again for helping me bite the bullet! +I recently graduated from college and I’m looking to pay off my student loans. Do I pay off the student loans that accrue the most interest or do I pay off the smaller loans and work my way up to the bigger ones? +It's amazing that we've gotten to 80,000 accounts this quickly, but there's almost 700,000 users on SuperStonk + +I know there's plenty of shills and bots, and some people cannot DRS at all but that's not the majority of people. +There's got to be a huge number of you lads that are just putting it off or are nervous/confused right ? + +If you have a question or concerns. DROP IT IN THE COMMENTS. + +DRS IS THE ONLY CONFIRMED WAY TO THE MOASS + + +None of this is financial advice, I literally believed in Santa until I was 19. +I was looking at Lyxor MSCI Russia UCITS ETF and I ~~think~~ speculate that while the threat of Ukraine invasion was looming over for several years, the stock market reacted only after they started some military set up near Ukraine earlier this year (attached a screenshot). + +We have a possibility of a similar conflict with China and Taiwan. In many of my investments, China and Taiwan constitutes a good portion of investment and I am quite worried as to what will happen if another conflict arises. + +Should I trust the index to do their magic when such a situation arise (and still live with the philosophy of invest and forget) ? Or should I be actively looking on to the situation and sell in case things go south ? +We’ve all seen it parroted on every investing related thread in the history of Reddit- “time in the market beats timing the market”. But I feel like this phrase gets misused quite a lot, and I would like to take this boring workday of a Saturday to just show the power of what “time in the market” actually has. + +1. What “time in the market” means and what it doesn’t mean + +Time in the market means, basically, maintaining ownership of assets that either 1, typically appreciate in value over time (stocks, real estate, commodities, etc) or 2, that produce a steady, ideally increasing, stream of income (dividend paying stocks, a business, rental properties, debt, etc). By “time in the market” it means that ownership of these assets over long periods of time, as in years and decades, is the key to wealth accumulation. If you look at most wealthy person alive today and in history, they gained their wealth through assets. They accumulate assets and own them. + +“Time in the market” does NOT mean buying clearly overvalued hype stocks because “I’m in for the long term”. I’m not gonna say any because I don’t want the comments to just be arguing about whether or not tesla is overvalued, but I hope you get the idea. However this doesn’t mean to just let your cash sit on the sidelines “waiting for a crash”. Typically there is no reason to have all your net worth tied up in cash, as it is the only asset class guaranteed to lose value over time. + +Rather, you should be in the middle: continuing to own assets you already own and being on the lookout for more, fairly valued ones. I promise you that you can find value out there if you look for it. Even then you don’t necessarily always have to be buying. Sometimes doing nothing is the best choice. + +2. You’re probably wasting your time (and money) + +If you’re anticipating a crash, good luck. There have been 8 major crashes since the 1920’s: an average of one every 12 years. There have been flash crashes and small recession but these shouldn’t concern you at all. On the large scale, the market has trended up for most of its existence. What makes this time different, exactly? Bulls have a tendency to believe that this time is different, but bears can have the same mindset, especially considering that the US has been in a bull market for most of its history. So what makes this time different? + +Sure, we will enter a bear market eventually but the US market has never failed retest its highs. If you’re selling because you anticipate a “correction”, you’re just wasting your time and money. Corrections are a blip on the radar over time. They are normal, healthy and should be seen as a good thing, just the market breathing, per se; nobody actually thinks “stocks only go up and never go down”. + +Once you gain real money, in the high six figures and up, taxes will really start to eat into you. Selling positions with the intent to buy back in after a correction is probably an unprofitable endeavor. Why pay a good chunk of your earnings in taxes just to buy back 10% cheaper, especially when the 10% drop may or may not happen when you expect it to? This ties in to the last paragraph of point one, sometimes it’s best to do nothing and just continue to hold, letting your money work for you. + +3. Generational wealth + +This is my main point. The Rothschilds, for example, have been building an empire for almost 300 years. That is 300 years of compounding interest. One thing they have done is accumulate assets, not sell them. The wealthy families of the Netherlands have been passing down assets for almost 400 years. + +Even on a less grandiose scale, just look to this subreddit. You’ll notice a lot of the users with higher portfolio balances probably received a nice inheritance somewhere along the way. This isn’t a bad thing and shouldn’t be shamed. After all, isn’t that everyone’s goal, to pass their wealth into their children? Unfortunately, with inheritances, a huge majority of inherited wealth is lost by the third generation. When the younger generation doesn’t know how to properly manage wealth, they end up wasting it all instead of further building it up. + +4. Compound interest + +Some call it the eighth wonder of the world, and rightfully so. There is no reason to interrupt compound interest unnecessarily. I would hope that most people here are investing with the goal of attaining compound interest, and selling your compounding assets is a solid way to halt it. + +5. Dividends + +Whether or not you chase dividends, I think we can all agree that we get some form of dividends or income from our investments. Dividends really show their power after several years of ownership. Buffett, for example, gets a 40% annual return from dividends on his initial Coca Cola investment. Fourty percent! And he doesn’t even DRIP them. Why on earth would people get rid of their assets that have potential to give those kind of returns after some years of ownership is beyond me. If you do a dividend return calculator going back multiple decades, you’ll find that most dividend paying securities will have similar returns once you have mature ownership of them. + +6. On “timing the market” + +This is probably a controversial one but I definitely don’t believe in just buying whatever tickers you want because “time in the market beats timing the market”. Like I said above, time in > timing because of generational wealth, compound interest and ownership. It doesn’t mean buying the hottest Reddit ticker because you’re in for the long term. Taking well assessed risks with positive and realistic upside is ideal. + +Spending time to make sure the investment you’re about to make is a good investment is smart. If spending a week or two assessing your decision is a way to “miss out on sick gains bro, it’ll go up another 50% before you buy”, it’s probably a FOMO stock and you shouldn’t be in in the first place. If patience is key, that means patience with buying is just as important as patience with holding. + +At the end of the day I’m a believer in ownership. Looking through most of wealthy individuals of today and in history, they all had one thing in common: they maintained possession of assets. They don’t sell their portfolios because they’re scared of a crash, they don’t have their net worth in a savings account. They assume a little bit of managed risk and let their money work for them. + +I made this post because I have to work on a Saturday and have nothing going on, I hope you at least enjoyed it or disagree with it so we can have some discussion going. +They are making TA every other day and none of them saw this crash coming. They were all hyped for $100k BTC and $10K ETH by the end of the year. But crash happened and all of their TAs turned into a BS. Stop following stupid crypto instagram influencers or ''expert'' crypto youtubers. They don't know shit about fuck, just like all of us. +https://www.theglobeandmail.com/investing/education/article-algonquin-power-dividend-growth/ + +I’ve been a shareholder of Algonquin Power & Utilities Corp. (AQN-T +2.90%increase +) for more than a decade, and it’s been a terrific investment until now. Thanks to a combination of organic growth and profitable acquisitions, the renewable power producer and utility operator has steadily increased its asset base, earnings and dividends, rewarding shareholders with double-digit total returns. + +That all changed on Nov. 11, when Algonquin posted third-quarter results below expectations, cut its 2022 earnings forecast and warned that its long-term growth targets are in doubt. The stock has cratered more than 30 per cent since then, and investors are bracing for a potential dividend cut. + +Readers have asked for my opinion on Algonquin, and today I’ll share some thoughts. I’ll start by saying that the earnings release blindsided not just investors but also analysts, whose research notes in recent months largely depicted a company that was still on a steady course. In hindsight, one of the few potential clues was the resignation, on Aug. 30, of Algonquin’s chief financial officer, a development that drew little notice at the time but which may have been a red flag. + +(Continued on article link) +&#x200B; + +&#x200B; + +[I want to share with you some good news!](https://preview.redd.it/8nuamhx15ro71.jpg?width=640&format=pjpg&auto=webp&s=4c375397dd5edccd2be440f9b1a008b03bb41b92) + +Greetings, star shines, the world says hello! I never thought in this whole saga I would ever use the DD flair, but here we are like most things in life - by blind, stupid luck! + +So about a month and a half ago, I posted "Wrinkles Assemble." (I did not post a link, cause Automod is angry at me for linking a post I made in this sub...) TL;DR: I met someone who works for the FBI, I explained the situation GameStop was in, and he invited me to share any information I had on the situation, remarking how sending it to him will expedite eyes getting on it since he works in Chicago where Citadel Securities is, so, therefore, it was within the office's jurisdiction to investigate them. + +As I said before, I will not be revealing this contact in the FBI. If a mod (whom I trust!) would like to fact-check with me, I will be more than happy to do so in order to keep their identity secured. + +# What did I do? + +I started by reading every single piece of DD from January till today, especially those fancied up by [u/zedinstead](https://www.reddit.com/u/zedinstead/), in order to decide which were relative, and which weren't. This wound up being over 1200 pages of information! + +&#x200B; + +&#x200B; + +[I'll fuckin' do it again!](https://i.redd.it/f4mt3m055ro71.gif) + +I then read through every filtered DD.... again.... in order to edit most memes, curses, inside jokes, grammar errors, redundant spaces, wEiRd CaPiTaLiZaTiOnS, etc. + +Whoa, hol' up.... + +&#x200B; + +https://preview.redd.it/mbk8coc75ro71.jpg?width=500&format=pjpg&auto=webp&s=f56897a77907b58ae607a8de2b77356648e8c2c5 + +Lower your sharpened crayons, hear me out. I love the memes. I love the jokes. I feel like the humor lightens a dark situation and it helps keep content interesting, engaging, and more understandable for those of us whose brain is smoother than Steve Cohen's receding hairline. + +However, I pictured this scenario: Gary Gensler sits you down, and after he finishes explaining that your old man was your father, but he wasn't your Daddy, he tells you to read what you know. No edits, no skipping parts. The DD is your script. Unedited you are, + +* Telling GG to diamond fucking hand for some reason +* Having law enforcement take puppy breaks ([u/criand](https://www.reddit.com/u/criand/) and [u/badasstrader](https://www.reddit.com/u/badasstrader/), looking at you) +* Repeatedly mention how shit hits fans, how shit gets fucked, how things are shit, and other things are fucked, and how hedgies are both +* Ryan Cohen is your Daddy or Papa +* Your motivation to do things is due to your wife's boyfriend's say-so +* Everyone is an ape. We got put in a room, and we decided to expose market manipulation before finally getting to writing Shakespeare +* [u/Atobitt](https://www.reddit.com/u/Atobitt/) telling Gensler to prepare himself before "finger banging into this," in regards to the HOC DD. + +The point being, the DD is fun and exciting and has awesome info, but it isn't exactly what you'd shove raw right into law enforcement's publicly accessible tip line. In my previous post, I was very cautious of who I worked with... so I didn't work with anyone. + +&#x200B; + +&#x200B; + +https://preview.redd.it/y3f71hv85ro71.jpg?width=344&format=pjpg&auto=webp&s=c8dc55759b2fc492d606a95a5e99777a48a5e287 + +Sorry to the people who contacted me to help that I ignored. Some people offered to get information together, but I assume they maybe never did since they never tried messaging me again. + +**Is the document perfect?** + +No. I'm a healthcare student. In undergrad, I got a creative writing minor, which is a far cry from a proper literature degree. I don't know the laws and regulations in the market. I couldn't say, "In Section B 13: 23.123 the law states yaba daba, and they dabba dabba do done broke this law. + +I didn't do anything super fancy like how an attorney or a law may prepare a document. This was a huge project for me, and even of those that reached out to me, none offered any knowledge on how to prepare a document like that. FFS, did you even notice that I never put an end quotation in the last paragraph?? + +Instead, I went with the mentality that tips to the FBI and other regulating bodies may not commonly come from people savvy in literature or law. An engineer reporting that severe compromises are being made on a structure won't write a report in a hyper-professional manner. The point of a tip is to simply present information in the most presentable way possible and let the investigators do their thing. + +With that said, if someone wants to pick-up the torch and make it super mega foxy awesome hot by adding attorney shit or sprinkle some law violation things that look more to me like Google's randomly generated passwords, feel free to do so! This document is public as far as I know for purposes of transparency. Feel free to add, remove, etc. with it and submit something of your own to regulatory bodies. + +# What's in this Boring Master Document? + +We have classics such as the House of Cards, Chaos Theory, [u/Criand](https://www.reddit.com/u/Criand/)'s DD into swaps, [u/Badasstrader](https://www.reddit.com/u/Badasstrader/)'s DD into billionaires, shell companies, the Caymans, etc. The fact that I'm most proud of is that I hardly had to point something out to be more speculative than damning evidence. These God-tiered DDs actually did that already for themselves, and already pointed to what they knew was fact, and what they knew was a speculative interpretation with their reasoning behind it. + +Of course, this comprehensive document isn't entirely comprehensive, as new information is always coming in. Which is why I decided to regularly update this contact in the FBI. You'll notice the first document has everything the past 9 months while the second is the most recent findings the past 2 weeks. + +Did I get absolutely every DD that is relevant these past 9 months? + +**Probably not**, just as I probably did not catch every grammar error, every curse, every meme, etc. in the document I made. I hope you find on your own assessment that everything that seriously needs to be there, is there, plus some. + +I also included a Foreword and a Conclusion to the document to summarize findings and the general thesis into a short 1-2 page essay. + +I made a CFTC and IRS edition since the former deals with swap baskets and the latter deals with taxes. I don't think the CFTC will do dick about fuck, and the IRS was just to basically say, "Yo, Cayman Island loopholes still are a thing that you lose billions a year on, and zombie stocks show there are short positions (probably "mis-labelled" as long) that are still being held that no taxes on capital gains have been reported on yet. Do you like monez??" + +&#x200B; + +&#x200B; + +https://preview.redd.it/xmptceta5ro71.png?width=802&format=png&auto=webp&s=effc065be409c361f087cc276a072da56f1aa919 + +# Why is the Master Document? + +Alright, so what I got from the sub is that generally, everyone does not trust law enforcement or regulatory bodies to do right by us. If anything, they want to make sure the top/bottom class structure is retained as best as they can without completely breaking the illusion that we operate in a trustworthy and safe market. I agree that entities like the SEC likely cannot be trusted, but hear me out: + +If Ryan Cohen wanted to shake the world like it was cold, he could've done so by now. Instead, he is working with the SEC, keeping their lips tight, and bringing the world closer and closer to the edge of their seat. I am willing to give GG the benefit of the doubt, especially after he mocked that senator dude (Toony or something) by air quoting the "report" he assumed GG was publishing. Meaning that, GG may be publishing something that would make a "report" seem mildly put. + +Also, I'd bet that Ryan Cohen wants to avoid legal short-comings or delays when his announcement is made, which is why he is cooperating with the SEC now to make sure the story is straight proactively rather than reactively. + +&#x200B; + +&#x200B; + +https://preview.redd.it/hc1tsbzc5ro71.jpg?width=640&format=pjpg&auto=webp&s=c37986ebd1c2083011d26e0bb93bc76da3e75492 + +Everyone on this sub, especially in the post I linked, said things along the lines of: "They are complicit, they won't look at it."; "They know what we know..." And then it branches to either A, "They are building their case," or B, "They are actively ignoring everything cause they are complicit." + +Here is the thing. + +**We do not know what they know.** **We don't know what data they've looked at, how deep they digged, how long they've been digging for.** We don't know if they looked into the things that we did, therefore missing possible connections. + +By sending them a comprehensive document of all this in a language that makes it seem more presentable and professional, **we have more confidence in saying, "They know what we know." Cause... now they do.** *There is now a more consistent, comprehensive paper trail.* We now have documentation that what dozens of individual investors have found is concerning and deserves to be addressed. Or at least, they have it on file, and if they say otherwise... + +# Where is the Master Document? + +Google Drive. I made a new account for this specific purpose, and it should be sent up so that it is View Only, that everyone viewing it is anonymous (myself included since I made a burn account to create the URL, and viewing it with my other accounts results in me being able to view only as an anonymous user). + +**WARNING: SIGN OUT OF YOUR PROFILE ON GOOGLE BEFORE USING THIS LINK. SIGNING OUT WILL MAKE YOU ANONYMOUS!** + + [https://drive.google.com/drive/folders/1mcPLxVB3NmYGVggychpFBs3BZWGa8V6V?usp=sharing](https://drive.google.com/drive/folders/1mcPLxVB3NmYGVggychpFBs3BZWGa8V6V?usp=sharing) + +# When is the Master Document? + +This is, I suppose, the mic drop moment. One fear I had when making this was that I would post about it right after sending it all out, and Citadel would make some calls to ensure that someway, somehow, the document never reaches its intended destination. This could be simply deleting the submission, having an intern "take the case" or what the hell ever. + +***I sent the document to the FBI at the beginning of September, and the SEC, CFTC, and IRS's versions early last week*** (IRS requires snail mail, so I have no idea where that is as of right now). The SEC and CFTC versions I saved the confirmation ticket, but I decided not to post it here cause idk how the internet works really and I don't want to be blatantly posting my personal info for all to see. + +*Yeah, so if you're a shill reading this, tell Ken Boi that he is late on containing this one by 2-3 weeks*. + +&#x200B; + +&#x200B; + +https://preview.redd.it/p8pv77ve5ro71.jpg?width=1030&format=pjpg&auto=webp&s=3f4a12dd79dca736ca411b8103cfaa315b015824 + +DISCLAIMER: Anyone, and I do mean anyone, could have done what I did. The only difference is that I claim I know someone in the FBI in Chicago who could forward information to the white-collar division instead of using the FBI tip line and waiting for all that to process. Even if you don't believe this contact exists, you should at least know that a comprehensive and (relatively) professional/presentable version of the past 9 months of DD has been sent to all regulatory, investigative, and law enforcement entities. Whereas before, I imagine people have been sending things in by piecemeal - not connecting those pieces altogether in one single document. + +YOU could do this in anyway you feel would be better than the way I did it, and I encourage you to do so. However, **DO NOT** spam them. This will clog up the system, and in some instances, could lead to charges against you because you're clogging the system. + +EDIT: Automod didn't like me linking my own post from this same sub, so this is take 2 for me. + +EDIT 2: I received a comment that basically said, "The formating and presentation is shit, and they won't look at it at all because of that." It was quickly deleted. This is my reply to that comment, and to the sub: + +I 100% do not have exceptional expertise on this. I will not pretend I understand the market thoroughly enough to write a proper summary like what say Criand or Atobitt could do. I definitely am not as qualified to edit and format this in a way that seems like it came out of some attorneys office. I won't stand here and pretend that this is the Pinnacle of a comprehensive and presentable document to send to regulators and law enforcement. + +I did however, make the attempt as best I could. If you think you can do better, I extend the torch to you. The link is right there! + +I worked in my own limits. I read all the DD again to understand better what to say in a summary. I knew I couldn't tidy it up in a way that looks extremely neat, so I told the contact personally that I have just edited public forum posts as best as I could, and it will still read like a public forum post. I put in the document that these were taken from Reddit and the wording and information has not been dramatically changed because it's not my personal work, and I wanted to retain the authors' work as best I could. I made it a point to say that these headings should be read in the context that it came from a public forum. + +If you feel like this falls short of your expectations, then I wholeheartedly encourage you to pull my document, edit and format how you wish, and re-submit it (you may also send it to me and I could forward it to the contact). I did not do anything special. I just had the motivation to do this project of taking 1200 pages of info, condense it to 800, and then try my best to make it as presentable as possible. If you feel you can do better - then please do! That will benefit retail investors and give us some peace of mind that everything we found was sent in bulk to these entities. + +EDIT 3: A user pointed out how my name was revealed in the documents. I have now changed it, removed the old link, and created a new link! + +# I appreciate the criticism, and I acknowledge this is far from perfect. +There has been many polls and discussions everywhere but none really showed a lot of participation, let's take advantage of the new poll option to make polls to gauge opinions on this matter and hopefully we get a lot of participation. + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9lrsph) +The FOMO is real in term of seeing how WSB making big bank on NIO, PLTR, TSLA, FCEL, CRSR. I gotta remember, I'm the one selling contracts to these tards and the moment I enter, the stock will tank lol + +I'm up more than 50% since May 2020 via mostly theta. Gotta keep track of the long road - a slow but steady income. No FOMO. All HOMO. + +How about you guys? Do you get the FOMO itch? +Down by 50% ? Rip the crypto market is dead and stocks are superior since they only went down by 2%. + +Oh crypto is up by 100%? God damn I should yolo my life savings. + +Oh shit I just lost the mortgage cuz crypto went down by 40% again. + +Seriously, why do people get shocked when this happens? If you're new to the market I understand, but if you've been around since 2017, or even 2020 then you should know better than this. + +It's surreal how fast the mood changes from "Crypto currency is the future" to "Everything in Crypto sucks" + +And maybe that's why crypto is a joke to the non-cryptoers. +It's pretty simple really. To get mass adoption to the levels we want, we need an iPhone style event into the market, by some massive and already well-established company. Sure LG and other companies made touch screen phones before Apple did, but Apple did it better and they made it much more simple to use. They've dumbed down the whole thing, so even half-trained monkey could do it. + +This is what we need in crypto. Right now all we have is a crap-ton of different chains, bridges, multiple ecosystems, multiple wallets etc. it's just too much for the average Joe. Heck, even for myself it was truly difficult to sell one coin the other day (not gonna shill here any names). It took me around 12 different steps, moving between bridges, converters and so on etc. before I was finally able to cash it out to FIAT without destroying myself with high fees to make it worthwhile. Sure, I could just cash out via traditional methods, but I'd lose like 15% of my coins doing that. This stuff should be automated a long time ago. + +But this will take time, a lot of time. The true adoption will start when we are allowed to just add crypto to our Google Pay or Apple Pay by scanning a quick QR code from our crypto wallet, without thinking two secs or giving a single fuck if our coins are going to disappear because we've mistyped one or two letters in the wallet. Or because your wallet supports coins X, Y, Z but not coins A, B, C. Until then "mass adoption" is just an empty slogan that won't happen for another 10 years or more. + +Edit: Reddit gold?! Thank you kind stranger! +Retail investors may have more of an impact than you guys think. + +> Speculative excess has surged to the highest in at least 20 years among U.S. options traders -- and that’s a negative for stocks over the medium term, according to Sundial Capital Research Inc. + +> Traders established fresh bullish positions last week by buying 35.6 million new call options on equities, according to Sundial founder Jason Goepfert. That’s up from a peak of 28.7 million in February, when speculative activity was rampant, he wrote in a note Monday. + +> “Options traders make stunning bets on rising prices,” Goepfert wrote. “This kind of activity has a strong tendency to lead to negative returns in the S&P 500 and other indexes over a multi-week to multi-month time frame.” + +... + +> At the heart of the speculative activity are smaller investors, according to Sundial. Small trader call buying made up more than 50% of total volume last week, the highest since 2000, it said. + +> Past instances when bullish small trader positions made up 45% or more of volume preceded a median loss for U.S. stocks of about 3% in two months time and 15% in a year, according to the note. + +> “Small traders are pushing their luck in a major way,” said Goepfert. “It seems increasingly risky to try to chase this rally along with traders who have traditionally been extremely reliable contrary indicators.” + +​ + +Source: https://www.bloomberg.com/news/articles/2020-06-09/speculative-fervor-in-u-s-stocks-surges-to-stunning-levels +We bought our first house in Ohio Dec 2020 for $126k (after down payment) with an fixed 30-year FHA loan. We pay into escrow for taxes, home insurance, and PMI. At that time, our income was about $40k a year. We got an interest rate of 2.875% on the loan. Apparently, this was an incredible interest rate and I’ve been told I’d be crazy to give it up. Anyways. The house is currently valuing around $160k and we have also made some improvements to it, but none that are super major (new carpeting, brand new panel box, replaced old light fixtures, replaced misc. hardware, etc.) We also have doubled our income in the last two years to $86k. We were considering refinancing our home due to the possibility of cashing out on some of the equity and then putting that cash back into the home to make improvements (i.e., we very badly need a bathroom or kitchen remodel). We also know that if we refinance to a conventional, we would get rid of our PMI payment. However, what I’m seeing is that Ohio interest rates are sitting around ~7-8% right now for refinancing. We understand that while getting rid of the PMI would lower our monthly payments, the hike in the interest may even it back out in the long run. So the perks that I see for refinancing would simply be the cash out and losing the PMI. Additionally, we could pay off some of our credit card debt (~$20k, we just got married) and consolidate the debt into our mortgage. But keeping the current interest rate with the FHA loan has the perk of being a beautiful net of safety, knowing that we have bragging rights to one of the lowest mortgage loan interest rates that we or any of our family has heard of. + +We plan on making extra payments whenever we can, at least 2x a year. We also plan on staying in this house for at least the next 10 years until our kids graduate high school. + +So, am I crazy to consider it? Or is there merit to both sides? +Good Day Everyone. + +Recently I started renovating my house and the budget seems to be getting a little over by 5 L. + +I have credit card with 6.5L limit and would like your opinion on getting funds from my credit card to my bank account. + +1. I know many banks offer facility of Balance Transfer in their credit card. However I am not sure such transfer will offer interest free period or will be akin to cash withdrawal with interest starting immediately. +2. Another way is by transferring funds from credit card to any wallet like Paytm and thence to the bank account. However will it also have issues like Point 1 ? +3. Could Fund transferring by 'Rent' option be used ? +4. Will such transfer affect my Cibil score negatively ? + +I will get enough funds in a few weeks to repay the credit card bill so I don't want to take a personal loan and end up paying a high interest rate and months of EMIs. +Here’s a project that I’ve been a part of since day 1. SHEESH is a serious project, and has assembled a team of 20+ to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +Dev: Aaron Doh - Followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +https://www.tiktok.com/@aarondoh + +Before I go on to expand on why this genuinely is the next big thing I will obviously advise everyone to DYOR - feel free to join the Telegram (2k+) to ask questions about the project as we have an extremely welcoming community - https://t.me/sheeshtokenchat + +Biggest News: + +1.    Just listed on CoinGecko: https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin + +2.    A new Minecraft Server in going to be launched! This server will include a donor shop. All revenue from this shop and, as of right now, all future game server shops will be split into two ways. + +3.    The first 50% will be going back into liquidity to keep Sheesh bussin'. The 2nd 50% will be going to reoccurring expenses such as, domain expenses, server upkeep, advertisement costs, etc. As mentioned in the Ask Me Anything there is work being done to create a direct platform that allows you to buy from these shops via Sheesh! + +4.    Just listed on Stocktwits and will be in front of a huge audience of investors. + +5.    In talks with a number of exchanges. + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: https://sheeshtoken.com/whitepaper.pdf The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded and many more to follow in the coming weeks : + +Spice King - Followers: TikTok 12M, YouTube 230k, Instagram 113k + +https://www.tiktok.com/@spicekingcam + +https://direct.me/spicekingcam + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +1.    a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments and now servers, with the first Rocket League tournament two weeks ago and the Fortnite tournament concluding yesterday with Friday having been a huge success (170,000 Sheesh has been awarded) + +2.    It will be used as an influencer community engagement token – think giveaways, merchandise sales, fan engagement, NFTs, etc. + +Due to SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is in talks with many, both content creators as well as influencers specifically in the crypto space. + +By May 20th, there will be a revamp and redesign of the website, branding, and whitepaper. The team has recently deployed a number of graphic designers to ensure everything looks & runs more slick than it does already. + +I’m not going to blindly shill you this project, considering I clearly have money in it and it’s in my best interest for you to join in. Here are potential ‘risks’ or what would have to happen for this to not be a success: + +1.    If the ‘Real Use Case’ will not be successfully implemented, hence ‘non-trading’ related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). + +2.    Aaron & the team not being able to generate enough hype/marketing through their network of influencers and partnership deals. + +Assessing the likelihood of either of those failing is on you as the investor, so again I urge you to DYOR before throwing in any money. Also please don’t invest anything you don’t afford to lose. + +….now onto the fun stuff. + +HOW TO BUY: + +Never follow any Pancake links of random Redditors! + +Go on the website https://sheeshtoken.com/ and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +Ø Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +Ø Telegram: https://t.me/sheeshtokenchat + +Ø Discord: https://discord.gg/Ssq8MdwQ2w + +Ø Token Twitter: https://twitter.com/SheeshToken + +Ø Token Website: https://www.sheeshtoken.com/ + +Ø Roadmap: https://i.imgur.com/Rm0bTIs.png + +Ø White paper: https://sheeshtoken.com/sheesh.pdf + +Ø Bogged chart: https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +Ø CoinGecko: https://www.coingecko.com/ro/coins/sheesh-it-is-bussin-bussin + +Ø Liquidity locked: https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +Ø Subreddit: r/SheeshToken/ + +Ø Twitch: https://www.twitch.tv/sheeshtoken?sr=a + +Ø Stocktwits: https://stocktwits.com/SHEESH_Token + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are ongoing with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. +I keep seeing newbies posting comments and posts where they are worried about the ‘dip’ from 1700 to 1500. They are worried that their $200 fraction of ETH that they bought a couple days ago has now lost a small percentage of its value. + +I also see people talking this ‘diamond hands’ bullshit that I can only guess is spinning off of the GameStop hypetrain. + +Listen newbies, it’s awesome to have you here. You’ve picked a worthwhile place to invest your money. Just please remember these two rules: + +• Never invest more than you are comfortable losing. +• Be patient and invest for the long term. + +There’s a saying from Warren Buffet about the stock market and it is transferable to Crypto as well: + +The [crypto] market is a device for transferring money from the impatient to the patient. + +Just research the different projects and gradually and consistently invest money into the ones that you believe have merit. You won’t be rich overnight, but if you diversify among projects you believe in and you consistently buy in, you’ll ride the wave of success and you can significantly grow your money more than nearly any other investment vehicle. + +Understand that crypto is volatile. Next week it could be at $300 or it could be at $3000. If you just gradually buy in, you can buy more when the market dips and be better off in the long run. + +Have a view to get rich in 7-10 years, not in the next 7 days. + +Also, don’t buy Doge. Jesus Christ, I can’t believe I have to say that, but just don’t. There’s plenty of better places to invest your hard-earned pesos. +He is a pretty tech savvy guy and was way ahead of the game on crypto. He called me just to tell me how impressed he was with his buying experience. + +That's a huge change from the GME that I grew up with. He would have never been able to say that even 6 months ago. + +Basically it was one of the most bullish pieces of news I've received in a long time. + +Edit: GME= GameStop... 👍 +Converted an Abandoned Building Into a Community Event Center, Office and Food Truck Park in Austin, TX + +https://imgur.com/gallery/D15hm5h + +**UPDATE: Lots of you were asking about our numbers...I wrote about the details of the deal here: https://www.openhouseaustin.co/blog/openhouserenovation +I don't know if those posts are coming from a place of ignorance or deceit, but the Treasury is NOT running out of money in 15 days. It may look that way because the balance in the Treasury General Account (TGA) has been on a steady decline for months, but that is because it had an unusually high balance ($1.8T instead of the typical $100-400B) and so they have been moving money into external accounts to bring it back down to a normal level. \[There were a ton of articles about this back in Feb, when the plan was announced.\] + +For those who don't know, the TGA is like the piggy bank you have at home. You keep some money in it to buy pizza and stuff, but you \[probably\] keep your serious money in a bank account. Same thing with the Treasury -- they keep some money in their piggy bank, but there's tons more held in what are basically savings accounts at various financial institutions (>$1T at this point). + +Don't get me wrong, the government still needs the debt ceiling to be renewed, but that's a separate issue that's more about maintaining a strong credit rating, than having more runway. Runway still matters some -- there are probably only a couple of months' worth of funds available -- but the credit rating is the more pressing issue. + +Edit: Thank you for the awards -- I hope they were free! + +Edit2: For apes wanting more background, here's a [historical perspective](https://www.cato.org/blog/stop-presses-or-how-fed-can-avoid-reserve-shortages-without-bulking-part-1) from the Cato Institute. Also, a brief interview from Feb describing the [drawdown](https://youtu.be/VLR0jSNByGA) and its effects on bank reserves, short term rates, etc. +Im struggling with creating my first algorithm. Im trading since multiple months, but mostly price action. My biggest struggle is to create a mechanical trading system based on indicators. + +So how do you do that ? Do you simply throw in a bunch of indicators and test if it works ? Are there some bunch of indicators every algorithm needs ? + +Would be glad for any help on this topic :) +Ok so the big sub has some meme post today comparing us to the worst of the conspiracy nuts. And yesterday I had to downvote a post here suggesting that we share some affinity with Reddit’s fucking whacked out conspiracy sub. So I think it’s time to nip this in the bud. + +To get a couple things out of the way: don’t comment with shit like “oh so you don’t think there are conspiracies/don’t think the government ever does bad things/etc.” That’s not what I’m saying. My personal opinions on whether the FBI obviously killed MLK when his message became too dangerous to the capitalist status quo are purely academic and have absolutely ZERO to do with the purpose of this sub. Let’s draw a distinction: + +>There is a difference between a conspiracy and a conspiracy theory. Conspiracies happen all the time. People get criminally prosecuted for them. Other people get away with them. Many are financial criminal conspiracies. + +>A conspiracy *theory* is a defined belief in some specific unproven conspiracy. Over the years, many specific theories have gone way way way too far. These can become incredibly dangerous and detrimental to society. They can also become highly vilified by society at large. Both the conspiracy sub here on Reddit and the absolutely batshit alphabet-based conspiracy we were just compared to on VVSB examples of the bad kind of thing I am talking about here. + +Superstonk is NOT, never has been, and must never become a conspiracy theory forum. We are investors whose property is getting fucked with on the daily. We investigate that because the enforcement entities we should be able to rely on have failed to do so. This is categorically different from conspiracy theory shit. This is like if someone stole your bike and the police wouldn’t help, so you started investigating on your own. If you happened to uncover a larger bike-theft ring in the process—well then you uncovered a criminal conspiracy, but nowhere in the process did you ever become a “conspiracy theorist.” + +I just wanted to put this out there and encourage people to ALWAYS report posts that encourage engagement with conspiracy theories, particularly well-known, dangerous ones. We should not be linking to conspiracy forums. We should not be discussing things that don’t directly pertain to the integrity of our investment. + +Thanks my friends. + +Peace, love and NFTs ✌️ +For the last couple of months since I started to take investing seriously I felt I was kind of obsessed looking how my portfolio was performing in the short-term, not realizing I was investing for the long-term. Along this short period of time I've made some mistakes, selling some stocks that were not performing well, but them some went up 10% - 20%. + +When you start to get too addicted looking into small changes on your portfolio, it really starts to affect your mood and sometimes you end up making bad decisions as I did. If you really believe in the business model of the company where your putting your money into you should not be worried about small moves. + +Basically, I was looking into my portfolio every single hour and it made me feel anxious, so I need to change it. + +That's why I am only checking each stock of my portfolio maybe twice a week or even once a week. + +What you guys think? Did you went through the same problem? +Hello world, this could be a very exciting week so we have to be prepared for everything that might happen... +Alright here's the plan: Hold! +Thank you for coming to my TED talk, I like the stock. 🦍 + +Current price "115 minutes in: 164.02 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 164.87 US-$ + +5 minutes in: 164.03 US-$ + +10 minutes in: 164.09 US-$ + +15 minutes in: 161.58 US-$ + +20 minutes in: 161.58 US-$ + +25 minutes in: 161.58 US-$ + +30 minutes in: 161.58 US-$ + +35 minutes in: 161.82 US-$ + +40 minutes in: 163.85 US-$ + +45 minutes in: 163.91 US-$ + +50 minutes in: 163.97 US-$ + +55 minutes in: 164.51 US-$ + +60 minutes in: 164.57 US-$ + +65 minutes in: 163.31 US-$ + +70 minutes in: 163.37 US-$ + +75 minutes in: 162.83 US-$ + +80 minutes in: 163.37 US-$ + +85 minutes in: 163.97 US-$ + +90 minutes in: 163.97 US-$ + +95 minutes in: 163.97 US-$ + +100 minutes in: 163.97 US-$ + +105 minutes in: 164.31 US-$ + +110 minutes in: 164.02 US-$ + +115 minutes in: 164.02 US-$ + +The US pre-market is about to open so that's it for the day. 🇺🇸 +Thank you for making me a part of your daily routine and I hope you have great day. +I'm still shocked by all the feedback I'm getting, thank you so much! +Much love to all of you 🤗 +Hey guys, so instead of buying a latte a day \($5\), I'm thinking of saving that money and transferring it to my savings account. It's only $150/month or so, but that adds up over the course of a year. + +I buy my lattes on my credit card so I would just transfer cash from my checking account \(that I would use to pay off my CC\) to my online savings account. + +Does anyone else do something similar? +As Joscha Bach said, a publicly accessible stock market and machine learning cannot coexist in the long term. + +Any predictions when the over saturation of machines in the market will happen? Im aware the current bot activity is about 70% of all trades or something like that. I’m talking 90%. +Brexit is going to wreak havoc on the markets, and you'll probably feel the financial impacts in markets around the globe. Holding through turmoil is almost always the correct call when stock prices begin tanking across the broader market. Way too many people I knew freaked out in 2008/2009 and sold, missing out on the HUGE returns in the following few years. Don't try to time the market either, you'll probably lose. Don't bother trying to trade, you'll probably lose. Just hold and wait. + +To quote the great Warren Buffett, *"Be fearful when others are greedy, and greedy when others are fearful."* If you're invested in good companies with good business models and good management, **you will be fine.** +Yes, the title says it all. I firmly believe this market is incorrect on a lot of things. No, I am not saying I am shorting it. No, I am not saying if you’re investing you’re about to go through a massive correction. I will say this though… + +Yesterday, Visa reported earnings that were a hit. They did great, EPS was way up, revenue was way up. Not only thing though, they are raising their dividend for their investors. They’ll be paying you even more for owning their shares because they have such great cash flow. The market opens today, they’re down over 5%. MA, which reports tomorrow morning, is down 6% with it. One could assume they’ll have pretty similar earnings and revenue. Maybe even up their dividend too (don’t hold your breath for that one, but who knows). But Tesla, a company who has sold patents, licensing, and Bitcoin to pad their balance sheet for specific quarters so that their earnings look better to the common shareholder, went up 12% because a company that was on the brink of bankruptcy pulled a publicity stunt saying they’d buy 100K cars. + +These are just examples of what is happening as a whole in our market. I’m buying these companies who are being screwed and I can tell you this, I am right and the market is wrong. I warn any investor who is partaking in this, because greed and speculation has run rampant while fundamentals and discipline has been thrown out the window. + +Watch. +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 y’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/ +I've been sharing this link due to the tax information, although it appears it's now been updated to include the below details. Spicyyy. + + + +GameStop Guidance for International Stockholders with Split-Related Questions + +GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +As always, we appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC. +It's very easy to see dollar signs when we see big moves or hear about how someone turned $100 to $1M, or we're in the middle of a winning trade and think it's about to go parabolic. We're programmed to want to WIN! But, that's not how trading actually works. + +After you enter a trade, what did you do besides sweat and pray? Nothing. You clicked the buy button and hoped you could turn a profit. Winners take care of themselves and will run with or without you. You can even make a bad trade and end up making profit out of luck. What your job is, as a trader, is to stop the losers because the market cannot stop itself. + +All too often we cut our winners too fast and hold losers too long. We will be in a winning trade and think the run is about to end so better close the trade, or we'll hold a loser and think it could recover or it should find support. This is 100% backwards. + +In a winning trade, under ideal situations, you would buy and sell as you go. Take a starter position, sell half, buy the dip, sell some more, rinse and repeat until the trend is done and you're formally stopped out. + +But if the trade goes against you, close it immediately. It absolutely does not matter if the price recovers and runs later. It's easy to review a trade and think, "if I would have held, I could have made a profit" but that's a trap. In the heat of the moment, you didn't know if it would recover or not. I have personally taken quick L's on stocks that ended up tanking to low of day after I sold, only to see it turn around and make a new high of day. What are the odds of that happening? Not great. You need to develop strict entry and exit rules and follow them at all times to ensure consistency. + +The name of the game is risk management, so all you can do is protect yourself. If something runs, it'll run all by itself so you can enjoy the ride. But if something reverses on you, kill the trade. Taking a quick $50 or $100 loss (depending on your account size) is way better than blowing up your account or losing thousands because you "thought" or "hoped" it would recover. Remember that even professionals have a 60%+ win rate, which means they're losing nearly half the time. Difference is the winners are bigger than the losers. + +Gamblers only think of profits. Traders think about risk. Develop your strategy accordingly. +[Netflix](https://www.cnbc.com/quotes/NFLX) reported [fourth-quarter earnings](https://s22.q4cdn.com/959853165/files/doc_financials/2021/q4/FINAL-Q4-21-Shareholder-Letter.pdf) after the bell on Thursday. The streamer beat on both the top and bottom lines, but shares plunged 11% in after-hours trading. + +Here are the key numbers: + +* **Earnings per share (EPS):** $1.33 vs 82 cents expected in a Refinitiv survey of analysts. +* **Revenue:** $7.71 billion vs $7.71 billion expected, according to Refinitiv. +* **Global paid net subscriber additions:** 8.28 million vs 8.19 million expected, according to StreetAccount estimates + +Read more: [https://www.cnbc.com/2022/01/20/netflix-nflx-earnings-q4-2021.html](https://www.cnbc.com/2022/01/20/netflix-nflx-earnings-q4-2021.html) +Looking to add more monthly divedend stocks atm, currently hold some AGNC but looking to diversify and add to it so any suggestions would be great, thanks ! + +Edit: Thank you for all the responses, gonna be doing some research on some of these and hopefully find some to add to my portfolio, thanks everyone ! +Seriously you are going to have a very hard time convincing a non gamer boomer , any of them, about gamestop and its future, they will invest based on earnings, not speculation that we are doing(smartly because most of us are gamers and know...). Ive crawled through his posts and its clear as day he thinks A. Theres no criminal activity on citadels part regarding gme. B. Gamestop is over valued C. The squeeze has sqouze. D. NAKED SHORT SELLING DOESNT HAPPEN BECAUSE ITS ILLEGAL +........ + *HITS BONG IN INDIANA* +.... + + +All of that is BULLSHIT so why are so many accounts begging for this chicken farmers opinion just because he called out fraud that he profited from calling out in the past. Man made a post in january saying he has all the evidience to blow up citadel and then just does nothing with itt? +Tells us our DD is missing something huge but doesnt say what so youll give him ama time to find out what "it" is which is likely something in a DD he just hadnt taken time to read yet. Dr t and lucy and carl make this man look like a joke. + +The dude has nothing to offer and wants his twitter to break 6 figure followers. The end + +If he was really on our side hed be using the info he claims to have to help us, whether we give him a platform or not. Hes not doing that. + + +If i had info that would blow up citadel, or a missing chunk of your DD. Id get that shit out there and would not demand an AMA platform to "unlock the secrets". + +Marc, call the SEC. Not superstonks. +We dont need new info. Buy hold vote settles everything. + +Ps his big reveal is going to be he thinks longs are manipulating the price up, to trap shorts. Not shorts pushing it down. This is a published opinion of his. + Cuz hes a short, so has issues with longs more often than longs do. Its just his perspective and does nothing for us. +So im 25y from Portugal and living in The Netherlands for 3y. Im a developer with 5y experience getting around 3.9k gross month. +Even tho I don't like to compare myself with others, I feel I have to do it this time in order to know if im in right path. + + +For comparison of a 25y who lives alone, in a studio, and saves 1k per month + + + - My current state vs portugal - I think in Portugal its really hard to save what Im saving, so i think im doing pretty good compared to my financial situation when I was living there and to most young ppl of my age + + - My current state vs The Netherlands -I dont know too much about current financial situation of young ppl in NL so is this saving value bad, good or expected for someone living in The Netherlands? + + +same questions apply to my total savings. I have around 15k saved. + + + I have the feeling that 1k per month its good but 15k its so little. So I would like to know some opinions about my current situation and maybe some tips how to improve. + +Some notes: + +I work since I was 20y, 2y in Portugal and 3y in NL. If I remember correct, salaries were 1.1k(Portugal) 2.1k and now 3.9k(NL). +Only the year 2022 I was able to reach the 3.9k salary. +I had no help from family , I also had to help them with around 4k +I also spent bunch of money trying to enjoy my 20's, mostly traveling. +Yo wazzup! + +After 2 years intensive trading and learning, I might have discovered my holy grail yesterday night. Had no one to share this with, sorry. I´m a lil bit hyped to be allowed to refine my strategy more and more in the future. + +Good luck to y´all and wish you the best and most valuable learning sessions! +I have literally changed nothing financially, I have all the same monthly bills. I used to have money in my bank account after the first of the month but I have nothing right now. I know I am very fortunate to have a job. But I only have 50 dollars to my name to last me till the tenth which is in no way going to last I haven't paid my electricity. I am fucked. The only thing that's changed is the prices of things. Is anyone else having this problem? +[Link to image of profile](https://imgur.com/gallery/LmNuD7K) + +I’ve looked online, but I can’t find anything that talks about this. This guy appears to be an MMTer if that helps. +Econ can be a fascinating tool for rethinking your decisions and re-imagining life. On the other hand, it can look like a pile of meaningless charts and statistics. Especially for degree holders, what really got you excited about the field? +While reading about Thatcher earlier, I read that the rise of VAT from 8% to 15% was an ultimately successful effort to reign in inflation (which had reached levels of up to 18%). This seems bizarre to me, since inflation is a growth in prices, and one would assume that prices rise when taxes are added onto them. What am I missing? +Original Article: [https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase](https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase) + +You can't buy shares in COIN and MSTR. + +* HSBC (NYSE:[HSBC](https://seekingalpha.com/symbol/HSBC?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) is said to prohibit its customers from buying shares of Coinbase (NASDAQ:[COIN](https://seekingalpha.com/symbol/COIN?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) as it sticks to a policy of avoiding virtual currencies. +* The news comes after a report that was circulating earlier this week that that the bank banned customers on its online trading platform [from buying shares of MicroStrategy](https://seekingalpha.com/news/3681111-microstrategy-stock-unchanged-after-report-that-hsbc-bans-customer-from-buying-its-shares?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews) (NASDAQ:[MSTR](https://seekingalpha.com/symbol/MSTR?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)). +* "HSBC has no appetite for direct exposure to virtual currencies and limited appetite to facilitate products or securities that derive their value from virtual currencies," HSBC[ told publication Coindesk ](https://www.coindesk.com/add-coinbase-to-the-list-of-crypto-stocks-hsbc-wont-touch)in a response to a question on Coindesk.  "This is not a new policy.” +* Coinbase shares are largely unchanged in its second day of trading , [one day after the cryptocurrency firm went public via a hot Nasdaq direct listing.](https://seekingalpha.com/news/3682097-coinbase-stock-rallies-in-premarket-trading-ahead-of-second-day-following-hot-ipo?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews) +For me anyway. I've had £20,000 in there for two years. I haven't won anything in 5 months now. + +Over 2 years I've won £150 in total. According to the premium bonds prize calculator, I should on average have won around £250-£300 with that amount (depending on luck of course). + +I'm thinking of pulling the plug and heading over to Marcus, which would actually make me money each month with another £20K top up in it (around £18.50 a month, every month) at 0.60%. + +My brother has had premium bonds now for around 10 years, and made £75-£100 a month, almost every single month in 2020, on only £15K. Literally the cheques were flying through the door. + +He opted for cheques in the post for those 10 years and now has opted for the online bank transfer since NS&I said they were stopping cheques, and as a result he's gone from winning every single month without fail to never winning at all (nothing for 6 months now). + +Has anyone else recently gave up and quit premium bonds? Is it even worth hanging on anymore since the chances to win have gone down? + +I'm also interested in the Vanguard ISA. But absolutely need a run down on how it works before investing my £20K in there. I've heard the interest rates are at around 11% at the moment, depending on your portfolio assets. If anyone is familiar with it and can give me a run down (ELI5) that would be really appreciated. +**TLDR: The ETF IJR has 2,700,000 shares of GME available to borrow at 0.3% and is an iShares ETF owned by Blackrock (BLK). BLK has a total of 14 ETFs that contain GME totaling 6,698,453 shares and rebalance quarterly, so these shares will most likely be held through the MOASS. If BLK has been lending shares like this for weeks they hold the MOASS trigger making the SEC rule changes critical to clearing liftoff. Opinion: As Blackrock is a passive investment firm and the 4th branch of the government they won't sell anything during the MOASS prioritizing Citadel's demise to buy their assets on the cheap and stabilize the economy from their mountain of fuckery.** + +This isn't a new theory, but I still see people who seem to be wondering about the low borrow rate. Hopefully I can provide some food for thought/confirmation bias/something to be refuted so collective learning can continue as I'm smooth brained as the next. There may be some karma farming here as well because I rarely post and don't want to be kicked out of this sub in case of MOASS rule changes to combat shills. + +Poking around the Stonk-O-Tracker ([https://gme.crazyawesomecompany.com/about.php](https://gme.crazyawesomecompany.com/about.php)) I see the ETF data on the About page. I don't have access to [etfdb.com](https://etfdb.com) where this data came from, so if we're going with my confirmation bias the assumption is that this info is accurate, specifically the borrow rate. There are a few odd entries...some ETFs with 0 available shares and one with 2.7M coupled with a 0.3% rate – IJR. + +&#x200B; + +[Available shares and rates are all over the board, even within State Street's ETFs ](https://i.redd.it/rlgh1xr0jcu61.gif) + +That short hedge fund honey pot is an iShares ETF owned by Blackrock. All ETFs containing GME are listed here: [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME). The total number of GME shares tied up in ETFs is 9.5M making less float available during the MOASS. There are 14 in the iShares ETF collection totaling 6,698,453 shares. The share count came from the iShares info on each ITF from that list: [https://www.ishares.com/](https://www.ishares.com/) + +&#x200B; + +[IJR is the largest holder of GME in the ETF world at 3.6M shares making it the biggest short hedge fund honey pot courtesy of iShares by Blackrock](https://preview.redd.it/9p1bftw03cu61.jpg?width=1280&format=pjpg&auto=webp&s=e5dae95c93f6faabda5de6e77a167d5ba4478806) + +&#x200B; + +[Tally from iShares site of GME tied up in Blackrock ETFs: 6.69M](https://i.redd.it/3r3kodyl4cu61.gif) + +I have been wondering about the low borrow rate that has stayed fairly consistent while number of shares available fluctuates as does the GME price (watching iborrowdesk numbers). There has been some conjecture of supply/demand driving the borrow rate, but that didn't quite click for me. Investopedia says supply/demand is part of the equation, but collateral has a lot to do with the rate which adds another variable to it. It doesn't seem to be a reliable way to determine market sentiment or direction of price particularly when a stock is manipulated as much as GME. These 'smartest guy in the room' investor types aren't lending shares without being fairly certain the decision will make them money or making decisions without considering how they play out well into the future. + +Two theories seem to make sense to me–as I enjoy a nice bottle of Chianti and a bowl of french onion crayon soup by the fire, throwing my art college degree in to feed the flames. These include the market maker lending at wildly advantageous rates (major fuckery) or some whale setting a trap lending because they know where the stock is going, and \*spoiler alert\* it's not crashing. + +Cue Susquehanna and Citadel squeezing Blackrock for $500B on TSLA over the course of the last year, Palafox setting a bomb in the treasury market, the DTCC board power struggle, Griffin and HF cronies scooping up real estate via derivative collateral and buying some the most expensive properties around the world setting a bomb in that market, Blackrock having more cash on hand than they've had in a long while just in case of a market-wide fire sale, BLK being a passive management firm and going long to fund Cohen since the beginning of Chewy and now the turnaround of Gamestop–what else? How many reasons do you need to wipe out Citadel? + +The rate on iborrowdesk has been low since I started checking in March. Seeing that Blackrock is currently offering 2.7M shares at 0.3% makes my confirmation bias lean toward those ETFs with 0 shares having been drained already (conjecture). It seems like the best position to be in during an event like a GME squeeze/catalyst to a market crash would be to have set it up and have the trigger in hand–be first, be smarter. + +&#x200B; + +[GME shares locked in by quarterly rebalance schedule.](https://i.redd.it/r1jth0eiqcu61.gif) + +I think Blackrock won't be selling any of their loose \~2M shares during the squeeze as their goal is long term wealth and market stability i.e. removing Citadel. The latter is far more important than some short term gains to the fourth branch of the government who already holds massive cash reserves and trillions in assets. As soon as the last couple SEC rules are a go and they're sheltered from liability, it's in their best interest to make sure this squeeze is indeed the MOASS as there are multiple hedge funds to clear out as well as Citadel Securities holding hundreds of billions. + +&#x200B; + +EDIT 1 (as I assume there'll be more...due to smooth brain, crayons, art college, you know the drill). My confirmation bias jumped on the wikipedia definition of Blackrock as a an 'index fund and passive management firm'. As /u/[SneakingForAFriend](https://www.reddit.com/user/SneakingForAFriend/) pointed out they they have more active strategies as well. They are also a 'multinational investment management corporation' according to wikipedia again. Skepticism is welcomed and important. +Best thing is? My boss said she'd contact me to tell me if I am even coming in next week. So, no money for TWO WHOLE WEEKS, no paycheck coming in from ANYWHERE, and roughly $75.00 to my name. + +I'm F U C K E D + +**Edit:** It should have been *were* cut. Sorry, that was bugging me. + +**Edit:** Thanks for all the awesome replies! Stay safe, everyone (: +You can look at their books, but I believe it’s difficult to make an informed decision about $RBLX without some experience with the website and games themselves. Here are some of my thoughts from being an active member since 2007. Feel free to ask me any questions you might have about the platform. + +Roblox has been available to the public since 2006; you’re not investing in a new up & coming company. It’s been around for 16 years, which is very long for an online game. That in itself is a good sign, but its potential and success is pretty cemented as of now. The lack of worldwide reach (with the majority of users being from North America) is worrisome, but there may be room for growth. + +They are currently sitting at **2.4 billion** registered users. The daily active user (DAU) count is somewhere around **30 million** (see S-1 form in my edit). Thus, the vast majority of registered users are inactive users or bots who prey on dumb kids to steal their account info via cookies. This is more of an anecdote than something you can really back up with hard numbers and data because it’s obviously not something Roblox tracks itself. Every group and comments section on Roblox is plagued by bots spamming fishy links that take you to places for “free Robux” and such. There’s a game on Roblox called New User Machine that tracks the total amount of players and shows the most recently created ones. Basically, it’s a conveyer belt of bots with random letter & number usernames. Their security and captcha, to summarize, sucks. + +Roblox itself is a game client, but the website houses a variety of games made by users, of varying quality. There are some real gems but some real garbage as well. The front page cycles the same popular games and not a lot of up-and-coming ones. I can imagine it would be quite difficult to break into the algorithm if you’re not already a popular developer. Some people use/pay for bots to pump up their game’s likes and user count. This is obviously against the site's TOS, but it’s difficult to get ahead unless you pour hundreds into on-site ads. + +Years ago, they shut down the forum, which contributed to a lot of helpful and insightful on-site discussion. They did so because they believed it was becoming difficult to moderate. Hire more moderators? That on top of the fact that the chat filter (both on-site and in-game) is becoming increasingly overbearing, it’s difficult to hold a conversation on the website, let alone form a tight-knit community. I feel a community is **essential** to the success of a social game platform like this one; right now, it feels like a soulless, barren corporate wasteland, compared to what it was before. Take a look at their [logo change](https://logos-world.net/wp-content/uploads/2020/10/Roblox-Logo-History.jpg), which summarizes the company’s new ethos well. There’s the argument that the chat filter needs to be overbearing because of the possibility of online predators - which is true - but there’s a difference between overbearing and broken. Sometimes, every second word is censored, even completely innocent ones. + +Their customer support is pretty dismal. Not much else to say here, but I’ve personally dealt with it, and unless you are asking something really basic that can be answered by looking at the FAQ, they’re not much help. Just your typical outsourced copy & paste replies. When it comes to accidental moderation resulting in bans or account deletion, or account theft, they’re not very helpful. I’ve had an account made in 2010 deleted in 2016 for something I did not do (account theft; the account itself was stolen) and they were no help. + +Years ago as well, the “free” currency Tickets were removed, leaving the premium one, Robux. Tickets were awarded on daily login and could be used to purchase cosmetics and such. Now, join any game and almost every avatar you see is the default one because the vast majority of kids aren’t paying for the premium membership which gives you monthly Robux, nor are they paying for Robux itself. + +Thus, parent’s wallets are the limiting factor on how much Roblox can grow, because a lot of the older base such as myself shares the same sour sentiment regarding the website as a whole. Even newer users are seen calling for the “glory days” of Roblox to come back, which is odd since they themselves did not experience those “glory days”. That being said, the general community sentiment seems that not many people are happy with the site in its current state, which makes me wonder if it’s current young user base is sustainable or if Roblox depends on cycling generations of kids and isn’t really capable of building an older following in its current state. + +Moving on, there’s a thriving black market for Robux and limited cosmetic items because of the aforementioned poor on-site economy. The cosmetics catalog used to have sales for holidays like Black Friday and Memorial Day. These are no longer a thing as of the last few years, which seems like a simple enough thing to do to keep Robux flowing in the economy, but they refuse to do so. (??) + +Speaking of site-wide events, celebrations like a yearly Egg Hunt, events which were dear to many users, are no more. Instead, they are replaced with corporate promotional events. These don’t yield independent games made by Roblox themselves like the Egg Hunt; instead, independent developers are “contracted” to shimmy these elements into their games. Doesn’t make for a very memorable experience, and I don’t know if the microtransactions yielded are any higher than they were for the previous events. + +The search function on the website is pretty broken; for example, if you search the cosmetics catalog for “Adidas hoodie”, that can net you “ADIDAS ADIDAS ADIDAS ADIDAS” named items that may not be a hoodie or relevant to what you’re looking for at all, just something that’s spammed the tag you searched for. This has been the case for years and no attempt to remedy it is evident. + +Recently, user-generated content (UGC) has been introduced to the cosmetics catalog, in which approved users can upload hats and other cosmetics rather than just Roblox themselves as before. One of the only good features introduced in the last few years in my opinion, but as a result, Roblox itself has essentially stopped making any cosmetics themselves. + +Basically, with the content creation almost exclusively done by independent users and developers, the site now runs itself. As a result, it feels the platform has been stagnating creatively for years. Beyond updating the game client, it’s not really clear what (if anything) Roblox does behind the scenes to promote growth. There’s a lot of very simple improvements and features that could be introduced to satisfy the user base and maintain the appeal to kids and the older audience, but Roblox seems to be reluctant to do so for some reason. For instance, it’s weird that users are begging for on-site sales, which are such a cornerstone of almost any business, or site events, which should be essential as a social game platform. This makes me worry they are forgetting that their user base made them successful in the first place. In short, it doesn’t seem to have the exponential growth it saw from 2007 to the early/mid-2010s, which is worrisome as the platform as a whole is not doing a good job at creating a loyal user base. + +All that being said, this is my perspective of a player. I hope a developer can chime in with their thoughts on the pros and cons of developing on Roblox, what their Robux income looks like, and how that translates into real-world currency. + +**EDIT:** This post has blown up way past the point I expected it to. As such, I feel it's necessary to address some of the points that myself and others have brought up in this thread. Going forward, this will be more of a financial approach that can tie in with my product/customer analysis. + +[Here is Roblox's S-1 form.](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) I want to specifically focus on a few sections: + +>***We have a history of net losses and we may not be able to achieve or maintain profitability in the future.*** +> +>We have incurred net losses since our inception, and we expect to continue to incur net losses in the near future. We incurred net losses of $97.2 million, $86.0 million, and $203.2 million for the years ended December 31, 2018 and 2019, and the nine months ended September 30, 2020, respectively. As of September 30, 2020, we had an accumulated deficit of $484.0 million. We also expect our operating expenses to increase significantly in future periods, and **if our** **DAU growth does not increase to offset these anticipated increases in our operating expenses, our business, results of operations, and financial condition will be harmed, and we may not be able to achieve or maintain profitability**. We expect our costs and expenses to increase in future periods as we intend to continue to make significant investments to grow our business. These efforts may be more costly than we expect and may not result in increased revenue or growth of our business. In addition to the expected costs to grow our business, we also expect to incur significant additional legal, accounting, and other expenses as a newly public company. If we fail to increase our revenue to sufficiently offset the increases in our operating expenses, we will not be able to achieve or maintain profitability in the future. + +Roblox is currently relying upon their Daily Active Users (DAU) to increase past their record all-time high to achieve profitability after a history of net loss. This record was achieved mostly likely due to the current pandemic keeping kids locked inside. They touch on this here: + +>***We have experienced rapid growth in recent periods, and our recent growth rates may not be indicative of our future growth or the growth of our market.*** +> +>We have experienced rapid growth in the three months ended June 30, 2020, September 30, 2020 and for a portion of the three months ended March 31, 2020, due in part to the COVID-19 pandemic given our users have been online more as a result of global COVID-19 shelter-in-place policies. For example, our bookings increased 171% from the nine-months ended September 30, 2019 to the nine months ended September 30, 2020. We do not expect these activity levels to be sustained, and in future periods we expect growth rates for our revenue to decline, and we may not experience any growth in bookings or our user base during periods where we are comparing against COVID-19 impacted periods (i.e. the three months ended March 31, 2020, June 30, 2020, and September 30, 2020). Our historical revenue, bookings and user base growth should not be considered indicative of our future performance. We believe our overall acceptance, revenue growth and increases in bookings depend on a number of factors, including, but not limited to, our ability to: +> +>• **expand the number of developers, creators, and users on our platform;** +> +>• **provide excellent customer experience and customer support for our developers, creators, and users;** +> +>**• increase global awareness of our brand.** + +The bolded bullet points here tie in directly with points I have mentioned in my original post, along with this section here: + +>***We depend on our developers to create digital content that our users find compelling, and our business will suffer if we are unable to entertain our users, improve the experience of our users, or properly incentivize our developers and creators to develop content.*** +> +>Our platform enables our developers to create experiences and virtual items, which we refer to as user generated content. Our platform relies on our developers to create experiences and virtual items on our platform for our users to acquire and/or use. Our users interact with these experiences, which are largely **free** to engage with. + +Largely free to engage with - this echoes my previous sentiment in which few players are really seen spending money on this game, at least compared to the amount who don't. + +So, let's conclude. Where do we stand? + +* [Roblox has developers bringing in millions of dollars, with one of them reportedly bringing in $50 million as of 2020.](https://preview.redd.it/vzbeykpuffj61.png?width=1308&format=png&auto=webp&s=fb544d5496049a3bd14bce8db3cad31e1896db6a) + * Another thing to note here that I thought was funny was the President mentioning his Roblox account being a company goal. Ambitious, or last-ditch effort at marketing? + * This is taken from the [2020 Roblox Developer's Conference.](https://blog.roblox.com/2020/07/rdc-2020-recap/) +* [Roblox has an Amazon store selling merchandise and toys, the latter of which are also available in stores worldwide.](https://www.amazon.com/roblox?=&_encoding=UTF8&tag=r05d13-20&linkCode=ur2&linkId=5562fc29c05b45562a86358c198356eb&camp=1789&creative=9325&productGridPageIndex=2) +* Roblox runs its own data centers to deliver its platform. + * For the nine months ended September 30, 2019, direct infrastructure costs were $58.2 million, or 13% of bookings, and grew by 66% to $96.8 million, or 8% of bookings, in the nine months ended September 30, 2020. + * This data is taken from the S-1 form. + +So, it's clear that the company is well cemented and has elements that should signify growth, but it's still unclear why such significant investment and presence in the online video game market has not yet translated to profit. This makes it difficult for me to make a bull case for $RBLX. The DPO on March 10th is expected to be around $45. Had this offering been in the single digits or teens, I believe a great long value play could've been made. For me, $45 is a bit too rich for my blood for a company that is hinging on continued growth past the pandemic and a lot of other things going right that should have already happened in the last 16 years that they have been in business. + +**EDIT 2**: I feel the need to address a point brought up in [this comment chain, which is a great read and offers the developer insight I was looking for.](https://www.reddit.com/r/investing/comments/lrl4qf/thoughts_from_my_personal_experience_with_roblox/gooabb3/?context=3) A lot of Roblox's viability for future growth hinges on continuing to grow as a game engine & platform rather than just a social platform for kids that happens to have games. Here are my thoughts on that, as things stand now. + +For Roblox to be taken more seriously as a game engine, like Unity or Unreal, they need to continue to rebrand and move past the image of "kid's Lego game/Minecraft alternative", which will consume even more capital than they're already investing, not to mention the costs of simply going public. Their VC funding last year leading to their 30M valuation is 7x bigger than the funding of the previous year. Whether that symbolizes huge future growth or dumping the company on retail investors as a backup is up to your belief in the company. + +The game engine uses Lua, and it has improved a lot in the past years. [Here are some images showing what's possible.](https://preview.redd.it/s5b0bxgqkfj61.png?width=690&format=png&auto=webp&s=cc1447a41923c6ec69d9626a644d486c54c3af78) Looks great, right? Yes, but their target demographic doesn't have cutting-edge PCs that can run those graphics. From their S1: + +>68% of our engagement hours on the platform were from users who signed up through the Apple App Store and Google Play Store. + +These kids play on tablets, not supercomputers. That being said, any game developed in Roblox needs to work with the economy of the website. Unity and Unreal don't suffer from this, because they were never a social platform for kids. Whether or not that is a limiting factor to growth depends on the games developers want to make. You must also keep in mind that whatever is developed on Roblox needs to be gobbled up by an age group that is predominantly under 13. From their S1: + +>For the nine months ended September 30, 2020, 54% of our users were under the age of 13. + +A lot of accounts could have fake birthdays, lending further to the idea of a young player base. As a result, complex games with cutting-edge industry tech isn't the cash cow here. This means that all the money invested in improving the platform might not result in tangible returns. Furthermore, the most popular games are cash grab "simulators" and carbon copies of games that already exist, sometimes with stolen assets. That presents a copyright problem if Roblox is to continue expanding. + +If you got this far, thanks for reading, and best of luck in your future investments. +Basically my question is: since it's such a small proportion of the population that is getting taxed higher, won't the revenue from these taxes be too small when redistributed to the overall population? let's say 1 person out of a hundred needs to pay 7$ more than usual in taxes, well that 7 dollars end up being nothing when redistributed with the overall population of 100 persons so is it really worth it? +My wife and I are in our late 20s and are at the verge of fatFIREing. We've always wanted to retire early and never really considered working until we were old. + +Regardless, today, on a whim, I decided to look at how much our net worth would be if we kept up our current annual savings until we were in our 70s, with 10% annual growth. I was shocked to see that we would actually have crossed the $1B mark. + +Since then, I've kind of been second guessing our idea to retire early. My wife and I are really into philanthropy and the thought of being able to save hundreds of thousands of lives with that money makes me feel extremely selfish for wanting to retire early. I actually enjoy my job and giving up on being able to help so many people just so I can retire 40 years early makes me feel so shitty about myself. + +Have any of you ever experienced this? How did you deal with it? +Right now spending time dealing with Aetna, which has referred my doctor's request for a PET scan to eviCore, a firm that seems to be mainly about providing reasons to deny tests. There has been similar behavior in the past with Aetna too, trying to reroute tests to downmarket scanning places rather than the hospital requested by my doctor. + +I moved to Aetna (spouse's insurance) when I fatfired last fall; at my longtime job, we had Blue Cross Blue Shield and it was pretty good. Additionally, if insurance was causing problems, we had the option of a patient navigator and even calling HR who would intervene. + +Is there such a thing as a fancy health plan where these kinds of denials will happen less and they trust the doctors? We're not comfortable going without insurance and just paying cash. Husband may leave his job as well at some point and I imagine the insurance options on the private market or exchanges could be even worse than what we're dealing with now. Thanks in advance for any thoughts . . . + +Edit to add: We do have a concierge doctor we like a lot. +He stuck to his budget, don’t get me wrong, but he got practically nothing with it. Spent $70 on ONE pair of sweatpants. SWEATPANTS!! Ridiculous. I get teens and brand names, and I suppose I should be thankful he didn’t buy a pair of Nike’s with my credit card and stayed in budget, but still…. At least he’s not growing as fast as his sister is at this point. He didn’t need much, and he got the things I told him were non negotiable. Socks, underwear, a swimsuit for an upcoming trip with his stepfather. I was hoping he’d get a few pairs of jeans and tshirts too, but nope. I hope he likes his sweatpants. They’re the only pair of pants he’s getting for a while. At least with my money. He can use HIS money if he needs something later. + +EDIT: Okay, so clearly I need to increase the clothing budget to account for things like this if I don’t want to harm the kids in any way. Does anyone have tips on how I can go about doing that? Kids are eating 3 squares and snacks but I’ve been eating 1 meal and snacks for a long while now. I am unwilling to lower quality of food for quality of clothes for them anyway. I do have an emergency fund, but I would be reluctant going into that for this. Just doesn’t seem to be what an emergency fund should be for. I thought it would be okay to tell him I didn’t have more in my budget if he asked for more later. Seemed to be the simple solution, but I don’t want to do harm. Would dipping into that be preferable? +Tangerine charged me $45 for transfer out but BMO has decided to charge three times. + +I am wondering if this is big banks' way of discouraging users from transferring out to no or low fee brokerages. Are other banks like TD and RBC equally brutal? +Bought 1500 RKT shares on 9/1/20 for 28.12. + +Proceeded to sell 125 contracts over the next 7 months and brought my cost basis down to 20.76/share. + +Did absolutely nothing when it mooned to 45 and crashed back down. + +Sold the $22 call which turned into $20.89 after the special dividend announcement. + +Profit $1,800+ with the power of the simple covered call. + +Edit: Yes, I made $11k in call premium. Yes, all shares were covered when it went to 45, sadly. Yes, 6% ROI is worse than holding the SPY but irrelevant, the underlying was down 20% from purchased and still made money; thats the power of the simple covered call. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Hi all! So a couple of weeks ago I put in my two weeks at my current job to move to a different company making about 15-20% more. + +My current job countered and it was substantial! 37,000/yr to 52,000/yr USD. + +I’ve never made this much, I’m only 22 with no college degree. I have about 10k in debt and roughly 500 in savings. + +I come from an extremely poor background and that probably crippled my money habits. + +How do I change my mindset to not blow all my money “keeping up with the Jones?” +Took a new strategy live yesterday trading ES mini and had a break even day. Was happy with that, all things considered, honestly. Worked out some kinks. +Today started great. Was just shy of my profit target. Went south quick. +Rage traded in an attempt to recoup losses. We all know how that pans out. + +Feel pretty stupid right now. Usually pretty good about managing my trading psychology. Think the new strategy threw me off, although that’s probably just me making excuses. + +Putting myself in time out until my funds clear. And scrutinizing my strategy. Again. + +Anyhow… don’t rage trade. + +Happy Friday, folks. +My mother owns our childhood home, where she lives by herself after my dad’s passing. + +Single family home: 2,100 sqft, 4 bed 2 bath, built in early late 1990’s. Neighborhood zip-code: 95382. The home is valued at about 530K. + +The home is just to big for 1 person to be living in. My mom wants to purchase a smaller home that she can live and retire in. + +My questions is, what should she do with the home? The only two options would be to sell or rent, what would be the benefits for her to do either-or. Tax pros & cons, etc. Are those the only two options? + +What are your guys thoughts. Thank you in advance. +[Link to the full article (2 min read)](https://www.cnbc.com/2022/10/28/apple-stock-surges-on-pace-for-its-best-day-since-2020.html) Apple stock rose 7.5% after posting a better than expected Q3 earnings. Although the results were only slightly higher than expectations, it was still noteworthy since the company continues to grow sales and kept margins high amid tough macroeconomic conditions. Apple’s sales grew by 8% and their macbook business grew by 25%, while sales from other brands around the world have dropped. This shows that demand for their products remains strong. Shares of Apple’s big tech peers such as Meta, Google, Amazon, and Microsoft have all plunged after reporting weaker results. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com) **to get more bite-sized news like this straight to your inbox for free.** +Hi, I'm 27. I've started my first job in IT a year ago. It pays decently and I have a good room for salary growth over the next years. + +I like my job but I don't want to be tied to an employer paying me each month so I can live. I want to be free to do whatever I want without being limited to vacation days and limited salary. My goal is that after 10-15 years, I'd have another source of income that replaces my salary and sustains a good life style where I don't have to worry about money shortage. + +Right now I'm saving around 45% of my salary. It's not in my nature to spend a lot. But I also don't wanna be frugal. I want to enjoy life and try all sorts of things. +I now live in Europe but I originally come from a third world country from a modest family which meant I spent most of my life deprived of a lot good life stuff and interests I wanted to pursue but lacked the financial means for it. So I don't wanna compromise for another 10 years on that front especially I'm practically beginning my life at such a late age. + +I looked into ways that will get me rich, and this is a list of what I thought of: + +* **Stocks**: I've only now started learning about investing. I previously had an idea that I could invest in stocks that yield high dividends which would replace my salary. But it turns out this could only happen after a long time (>25) of investing. I now understand that stocks are like a retirement plan more than short term way of getting rich. I wanna enjoy life now, not at 60 years old when I have no energy. + +* **Real estates**: I've encountered this idea of getting a loan, buy property, rent it, repeat, profit. It sounds simple but actually doing it, managing the expenses, maneuvering all the legal stuffs, finding the right place, seems like a lot of knowledge requirement and could mean I would drain my savings into a losing project pretty easily and be stuck with a big loan. If done right though, it seems like people are profiting this way. + +* **Open a business**: this is an interesting idea. I'm a mobile app developer and could potentially make apps and sell them without practically any capital. This is something I might do since I'm skilled at it. But I don't know if selling a few small apps will be really profitable unless they hit big which is rare. I'm not sure of say opening a restaurant or software development company for other clients for example. This requires a lot more knowledge, marketing, partners, managing people, legal maneuvers. Maybe I'm just being afraid of leaving my comfort zone though. + +That's pretty much the state of my mind right now. I'd really love it if someone enlightens me with other possibilities. I'm only now starting to think seriously about this, so I'm lacking a lot of knowledge before I can make any decisions. +I am seeing posts in new talking about the stock being up because of dumb options/cycles shit being back on the table... Seriously? We aren’t fucking stupid! +Today is two trading days after the announcement of their market place opening by end of July. Insiders have been restricted from buying until two trading days after this information was made public. Occam’s razor anyone? +10 year treasury record low (.936). + +REPO (14 day) Markets are over subscribed. IF the FED didn't step in rates would have been 10%+. + +COVID 19 hasn't even really begun to get rolling. + +FED .50 bps drop didn't do shit. + +Deutsche Bank, HSBC might go under this year. + +Feels like the wheels might come off this wagon. +BEVO {BE-VO} is a community built NFT token with a goal to become the most prominent force in the NFT space on the Binance Smart Chain. Created by artists themselves, they want to be the first token to be back by physical art pieces. They are recruiting artists with small platforms to aid them in converting their physical art into Non-Fungible Tokens. A great idea coupled with an extremely dedicated and hard work developer team is a recipe for success as I am sure you all know, and it is clear that the team over at BEVO has these qualities in spades. + +Their art gallery aims to feature paintings, sculptures, photos and other various artworks in digital form. Each one of these art pieces will have a unique NFT attributed to it (they will all be minted on the BSC). Opening up the door to an easy, low fee way to trade any form of art, not only digital NFTs. + +The dedicated team over at BEVO has worked tirelessly over the last few months to bring the coin to pancake swap for the public to invest. Not sold on their dedication? BEVO was listed on CoinGecko just 23 hours after its initial release. Find BEVO on CoinGecko at: [https://www.coingecko.com/en/coins/bevo-digital-art-token](https://www.coingecko.com/en/coins/bevo-digital-art-token) + +Tokenomics + +☑️ Fixed Supply - 5,000,000,000 BEVO Tokens ☑️ Deflationary - 2% Transaction Burn to ensure appreciation of token over time. ☑️ Reflections - 2% of every transaction will be reflected to all token holders. ☑️ Marketing and Dev Fund - 2% of every transaction will be allocated for marketing and project funding. 🔒Liquidity Lock - 7 Year Liquidity Lock: 2% worth of every transaction will be locked away in DxLocker. Slippage: 8-9% + +✅ VERIFIED CONTRACT: [https://bscscan.com/address/0xc6Cb12df4520B7Bf83f64C79c585b8462e18B6Aa](https://bscscan.com/address/0x1e8673ad50df0b3b4ab96dd375dd5289ed084717) + +📄 TOKEN ADDRESS: [https://bscscan.com/token/0xc6Cb12df4520B7Bf83f64C79c585b8462e18B6Aa](https://bscscan.com/token/0x1e8673ad50df0b3b4ab96dd375dd5289ed084717) + +🥞 PANCAKESWAP: (Slippage 8%) LIVE NOW + +[https://exchange.pancakeswap.finance/#/swapoutputCurrency=0xc6cb12df4520b7bf83f64c79c585b8462e18b6aa](https://exchange.pancakeswap.finance/#/swapoutputCurrency=0xc6cb12df4520b7bf83f64c79c585b8462e18b6aa) + +🔒7-Year LP LOCK: [https://dxsale.app/app/pages/dxlockview?id=1839&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1839&add=0&type=lpdefi&chain=BSC) + +🔒Exchange Listing LOCKER: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC) + +🔒Manual Burn 2 LOCKER: [https://dxsale.app/app/pages/dxlockview?id=1&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x853765d61ae39c332Bd8269b0A0d78ab2f38bDa3&type=tokenlock&chain=BSC) + +📌 Quick Links: + +Website: [https://bevodigital.art/](https://bevodigital.art/) + +Telegram: [https://t.me/joinchat/kk0jLLTvvdNjMDQx](https://t.me/joinchat/kk0jLLTvvdNjMDQx) + +Twitter: [https://twitter.com/bevotoken](https://twitter.com/bevotoken) + +Discord: [https://discord.gg/XPpG9FN5Ku](https://discord.gg/XPpG9FN5Ku) +For me it's ATZ. I bought it a few months ago expecting average gains for a growth company. I had literally never heard of Aritzia prior to buying the stock. My girlfriend works in a mall and told me how busy Aritzia always is. I went by her advice and now I'm up close to 40 percent in the last few months. +1.) ECAF ordered to freeze the hacked accounts, blockchain isn't immutable. +many both inside and outside the EOS community aren't clear what ECAF, the main body tasked with resolving disputes between token holders on the network, is and what control it has over transactions. +ECAF has lost it's ability to rule on the base chain after EOSNY stated that they'd no longer enforce off chain rulings. + +2.) Dan threw out the constitution because it was socially unscalable. +The constitution is being resubmitted based on the problems with ECAF. + +3.) RAM over-speculation, it currently costs $14 and growing to create an account. Whales cornered the RAM market. +BP's had an open conference yesterday where they discussed a constant drip of new RAM to the system to put downward price pressure on the market. + +4.) Centralized - just 21 BP's that can vote each other in. It's a plutocracy. It takes just 17/21 BP to achieve consensus. Block.one, who claimed to have no involvement in the launch of the EOS mainnet are now going to use the 10% of the token supply they own to influence the list of block producers. Dan also owns a large amount of the token supply and voting power. Some of these block producer candidates in the top 10 came out of nowhere. How they got in the position they are in is pretty obvious – they had a lot of tokens (or access to them) and voted themselves in. It's a whales' election. Also, exchanges are voting with their clients' funds. + +5.) Cartels - BPs are already forming cartels. Many know each other from the video conference call. All BPs attend conference calls where the last 20 minutes is closed doors. Cartel formation enables them to print money and keep themselves in power by voting for each other and buying votes. They can also censor or reverse transactions. BPs are accumulating EOS and it gives them a stronger vote over time. Top 21 are currently earning about $10,000 more EOS per day. + +6.) 5% inflation replacing TX fees (they aren't being clear about the trade-off ) BP's collect 1% of inflation, and 4% goes into the community savings fund. There are 21 active producers which share 50% of the inflation pool. 100 standby producers share the other 50%. + +7.) if you dont vote within 3 years, your tokens get confiscated and redistributed too and you lose everything, can't just hold + +8.) EOS launched without a testnet, huge security holes were found days before launch, the entire network shuts down if anything goes wrong + +9.) Uncapped ico raising $4b and currently valued at $8b for accomplishing nothing yet. The $4b raised went straight to a cayman-based for-profit company called block.one as profit, which may do whatever they want with it. 25% of the $4B EOS raise is going to fund venture investing, some of it via other funds + +10.) Contributor's and foundation used the ICO as an arbitrage mechanism for a year, raising $20m a day through abitrage trading scheme + +11.) Public figures like Mike Novogratz, and Brock Pierce are pumping and shilling it to their followers because they own a huge amount + +12.) An EOS BP is just a corporate-owned server. It can be shut down with a subpoena or by governments + +13) Block.one is probably avoiding taxes. Instead of moving funds directly to exchanges, Block.one tends to obstruct slightly by first moving them to an intermediary account, then a second intermediary, then onto exchanges. +So the dividend isn’t being reduced until the Warner Discovery deal goes through, which is expected for mid 2022. So we’re still getting the .52 per share dividend like 2-3 more times. And the value of shares in the new company is expected to be $7-8 per share of T. Which is like 4+ years of dividends all at once. + +I don’t get why everyone jumped out so early, is there something about this deal that I’m missing? +As the tittle says. I noticed that all of the nasdaq 100 etfs are at least 2x-3x more expensive in terms of TER (fees) than SP500. Why is this the case? + +Even world etfs are cheaper in ter compared to nasdaq etfs +I have been investing in ARKK, ARKW and ARKG since May this year, but I clearly understand that these funds are getting much bigger now and I believe they are going to have diminishing returns due to the limitation on stock selections given their sizes. + +Currently I am looking for some completely active managed tech or medical ETFs (non index tracking) that are similar to ARKK, ARKW and ARKG. Are there any good recommendations? + + + +Edit: I found that BTEK and BFTR are matched with my criteria, but both are too thinly traded. I am open to more suggestions:) + + +Hello everyone, + +I have been around the trading scene for around 4-5 years now but I would honestly have to admit that first 2 years I was not at all profitable and made many mistakes, in the 3rd year I became somewhat profitable, and from the 4th year onwards I have been able to make profits on a consistent basis. + +Today I would like to share what mistakes I used to make. + +Hopefully, it will be helpful to the community and if anyone can help me improve my skills further I’m all ears. + +Mistakes - + +1. Ignoring the trend - Just because a particular asset is bullish or bearish today doesn’t necessarily mean that you should just go ahead and long/short it, always check for the long-term trend and go with the trend, especially if you are a newbie. +2. Position sizing - This is one of the most important parts, in the trading scene you must survive long enough and only then you can first learn and then earn. Thus always size your position accordingly meaning never take a risk of more than 2% of your trading account balance. +3. FOMO - This happens mostly with traders who have been there for a while and know about chart patterns etc, they see a pattern breakout and start getting excited so much so that they place a trade instantly, the fear of missing out causes them to mess up with all the other aspects and generally the trade becomes a losing trade. There are more instances where FOMO plays a role but the above-mentioned one is where I lost a lot of money. +4. Not trailing/trailing too much - You must have heard about the risk to reward ratio and thus you want to aim for a 1:2 RR ratio on every trade, you have strong psychology and guts to hold the trade no matter even if it lingering near the target price, now what happens is sometimes the price takes a 180 and starts dropping and suddenly hits you stop loss and you end up losing money. What you can do here is once you see 1:1 RR is reached you can trail your SL to the buying price and so on until you hit your trailing SL, at the same time I have seen traders who trail their SL every time the asset moves a few ticks/pips, in this case, they get kicked out from the trade whenever there is a slight correction in the market. +5. Holding onto losers and cutting off gainers - NEVER, never ever let your trade run beyond your stop loss, when you start letting your trade run beyond your stop loss you are essentially just letting your ego burn your pocket at the same time don't cut your winning trades before they either hit the target or hit the trailing SL this ensures that you are able to earn more than you had risked in the trade and in long term, this is what makes you profitable. +6. Patience - Patience is the key to profit, if you are unsure about a trading setup then just don't take the trade, especially if your pocket size is small, trading is not a job where you will need to take 5-10 trades a day, you can take only 3-5 trades a week and be profitable at the end of the week and that's totally fine, don't just get into a trade because of the adrenaline rush, wait, wait and wait till the right time and then get in and book profits. +7. If it’s obvious then its a trap - In the trading scene, we are just retailers we have almost zero power regarding the price movement and on the other side the institutions such as the hedge funds, etc are the real bosses who move the market and scoop up profits (retail trader’s money). Now suppose you are seeing a chart pattern that is about to give a breakout and the pattern seems to be too obvious that even a newbie can spot it then there is a 100% chance that the institutions also have their eyes on it, they might let the breakout/breakdown happen and wait for the retailers to put their money in the trade and as soon as it happens the institutions use their might to move the market on the opposite side and wreck the retailers. The pattern part is just another example, there can be many more types of traps as well. + +That would be all for now. + +I was thinking of posting how I do my analysis before taking a trade but it seems it will just make the post more lengthy and boring so I would rather post it later separately. + +Thank you, everyone. +I'm downloading data through the Interactive Brokers API, storing it in SQLite, and testing simple strategies through a script I have written from scratch in Python. It is in some ways satisfying because it lets one understand every little detail but there are also limitations. + +Downloading intraday data (to supplement the daily data) takes a very long time and then there are noob mistakes like overwriting your entire database at 1 AM. With free services such as CloudQuant and Quantopian as alternatives: do you think it makes sense to do these things "from the bottom" as I am currently? + +\------- Edit: additional thoughts ------ + +Some have asked why I chose a database and the interest in this thread points to this topic being relevant to a lot of people. I found (and still find) this topic to be quite difficult to get started with. Especially so since fundamental questions like "should I implement my own system?" and "should I use a database or a flat-file system?" will get varying answers in forums. + +I just went ahead using SQLite 3 to avoid paralysis by analysis. That choice gets some critique but at least it will get you started and you will start gaining experience. +As the title says. Keep the chins up apes! I have a very sneaky suspicion GME has sold all their shares today at market value and this explains the continued slow drop in price. Super bullish for tomorrow as we are definitely oversold at this point and due a nice gap fill up. + +I couldn't be more bullish on this stock, bring it back to 50 Kenny and watch everyone quadruple down. Its inevitable at this point. I have big hopes for a big announcement at E3 aswell. + +Buckle up apes, it's going to be a very bumpy ride, I'll see you all on the moon for sock cocktails. +I have a bunch of money saved up from working over the last few years (25yo), and it's currently sitting in my bank account. I have a vague understanding of finances/the stock market, but not much practical experience. + +I don't have very specific investing goals, beyond just the fact that I have this money, with no immediate plans to spend it, so I want it to just sit in a spot where I won't progressively lose it to inflation. + +At the moment I live in France (EU citizen), but I'm not necessarily tied to this country, so ideally I'd like something international, so that in case I do move, I won't have to deal with a bunch of extra hassle to move the money over. + +My preliminary plan is to put it in ETFs, e.g. in eToro. So just open an account there, put money in some ETF, something related to S&P 500 or whatnot. Does this sound like a reasonable plan? And if so, and I do that, and get some earnings, how do I figure out the taxes around it? (not necessarily looking for specific directions, but just what I should look up when the time comes) +Is there anyone on here that make a good salary just from dividend and is able to retire early? If so, what’s the value of your portfolio that makes you achieve that? +For all you apes out there who are being fed bullsh\*\* from MSM, do not forget what happened on March 10. There is absolutely no doubt that this day was a day of crime. See for yourself: + +&#x200B; + +[Drop of 40&#37; in 25 min](https://preview.redd.it/wfv2443dplu71.png?width=839&format=png&auto=webp&s=ed3e46b303a965c2b2f4d29ce2cab72b22789468) + +Here's the article talking about it: + +[https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://www.cnbc.com/2021/03/10/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html) + +**DO NOT FORGET** AND BUY INTO THEIR CRAP. + +Hold, DRS and buy more if you like the stock (this is not financial advice). +This is what crypto is all about. Welcome folks. HUGE raises, unbelievable. But then, PAINFUL drops. + +This is why we cheer so much when a bull run happens, but brace together when the sky is dark. Some of us don't last long, but those who do become more strong. + +At times like this we ALL wonder, was this the last bull run? Is it over for sure? Was it too big this time? But then it just happens all over again, and after the rain comes the sun. + +T0ny + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the 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've been hodling and reading up on ethereum for over 2-3 months now, and I became quite emotionless when it comes to ETH dipping or going up. + +I've read so much about the technology behind ethereum that I feel almost completely certain the price of ethereum and the cryptocurrency market in general will go up, no matter what. + +The amount of money I've invested into ethereum is quite a lot for my age. Yet I really don't feel bothered at all when it drops 30% or raises 30%. + +Are there people in here feeling the same way? +I think the total list includes some 8-10 people in the entire country. This is bizarre! Why do you think that is and what do you think can be done to increase this number? + +99% of the advisors associated with banks aren't fiduciaries and people have no idea that they are only salespersons to get people to over-buy their services. +I get that this is another shady sales tactic for agents to have to get your details on file if you want to know what a property sold for, but doesn't it seem dodgy as hell for them to be able to only disclose the sold price of 'good' sales? + +Feels like it's about time for a Royal Commission into the real estate industry at this point imo, so much dodgy stuff still goes on... +Hello reddit! Local college student here. + +I’m in a bit of a bind. A complete stranger has Zelled me a huge amount of money. Seeing this as strange, I called up Chase on the phone, to report the transaction. The girl over the phone was fumbling, acting strange, but eventually told me to go to the bank with two forms of ID. I went to my local branch, explained the situation, where me, a man working there helping me, and a woman on the phone all conversed. The man was extremely understanding, but while we were speaking, the person sent me another twenty dollars. I immediately showed them. I asked if all of this could be reversed as I don’t want to hold a strangers money, but by the time I was able to do anything, they filed a dispute saying the transaction was unauthorized. Chase has now frozen or temporarily restricted my account because of this, even though I had no idea what I had done wrong. The woman over the phone was talking over me, as I was trying to dig for an answer as to why this happened. Funnily enough the person only reported $500 being unauthorized, but I filed a dispute asking to give the other $520 be returned to the sender. I’m quite young, only 19 years of age, and I do receive financial aid for college, which comes in the form of a check. I feel sick to my stomach, and like I can’t explain it to anyone, my parents aren’t the most understanding folk, so my questions today are: + +Is there any way for me to cash my check while my account is frozen pending this investigation? + +Can I open up a temporary account to use while this investigation goes on with Chase? + +What would be the best course of action to get my account back to its regular status as fast as possible, so that I may use my debit card again? + +Thank you so much to anyone and everyone who reads this. + +Edit: Called today and they said they can’t do anything until the funds are removed. And that my account is frozen to protect me because the scammers might be going after my account next, (which makes sense.) Thank you everyone who’s been informing me on the issue, I’ll go heading to open up a new bank account soon, but firstly today I’ll be speaking to a branch manager about what I can do. +My wife was overpaid on December 1st. We noticed it immediately and reported it to her payroll Dept. It was a $24k deposit. Her payroll Dept didn't address it until this week and are requesting the recoup plus the federal taxes, ss, medicare, etc. amount as well. Which comes out to ~$4k. So they want $28k now and are telling her that the IRS SHOULD refund the $4k when we file taxes later this year after they (employer) send us an amended W2. So we will be out $4k from now until we get our tax return and I honestly have little faith that this won't cost us anything. Is this really how this works? Pardon my ignorance, but why can't they amend the pay AND the deductions? Then recoup from the federal govt themselves. This was their mistake, not ours, and it seems like they are the ones getting an easy way out while we are being penalized. Luckily we have savings set aside, but it certainly wasn't to be used to cover the mistake of a billion dollar industry. I would understand if they requested the deduction amount after we file and receive our tax return, but they are telling her that is not an option. I would appreciate any feedback from someone who has experience in this from either side. +**Edit: this money was deposited directly to a checking account and not moved to savings because we obviously knew it was a mistake. We did not gain interest from this. + +**Update: In a comical twist, today employer has offered a repayment plan involving garnished wages for a period of no more than 7 months for the $4k. + +Update 2: Thank you r/personalfinance. I do feel more confident moving forward. I have called the IRS, requested a meeting with her HR Dept where we will discuss the options of deferring repayment of the withholdings amount until tax return is completed, and been given the ammo of calling Texas state Labor board if all else fails. I will post an update when I have one. + +Update 3: Called state labor board and they advised to talk to a legal professional. I asked her personal opinion and she said this sounds unethical at best, fwiw. +I've already read the advise against co-signing in this forum, but I'm having emotional feelings about my current situation and need some objective advice. + +so here's the situation. My daughter who just turned 19 has been with her 25 year old boyfriend now for a year. she is twitterpated beyond reason, and believes that he is the one. It is her first serious boyfriend. I just got a new job and I will be relocating 3 hours North. she wants to move in with her boyfriend, and stay in her current location as she has a couple of minimum-wage jobs and is going to school although she has already informed me that she will be dropping school to work. + +they have been looking for apartments to move into together, and because they both do not have any credit history rental history or verifiable income, plus she's under 21, they are not getting anyone to want to rent to them. + +So now the next step that they're asking me is to co-sign. I know this is a bad idea, and I'm not super fond of the boyfriend, but because of my new work situation having to move out of the area I am wondering if I'm leaving my daughter in the lurch. We have off her to put her on campus at her University and move her into a dorm, but she doesn't want that she wants to be with her boyfriend 24/7. + +Thoughts? I know the answer here, but need some objective advice. + +ETA: well holy forking shirt balls, did this ever blow up. thank you so much to everyone who contributed your precious time on a Sunday to give me some great thoughts on this somewhat awkward and painful situation. I really appreciate appreciate the time and effort that you so many of you put into your answers, and I absolutely 100% appreciate the fact that you were kind enough to give me information that has helped me stick to my guns on this decision. I will come back an update if there's any updates to be had, but again thank you so much. +https://finance.yahoo.com/news/initial-jobless-claims-week-ended-oct-31-2020-coronavirus-pandemic-185012800.html + +The Labor Department’s latest report reflected the tenth straight week that new jobless claims came in below the psychologically important 1 million mark. And the past several months’ worth of weekly new claims have come down significantly from the nearly 7 million new claims filed at the beginning of April. However, improvements have slowed to a trickle compared to the initial legs lower in new weekly claims that ensued after April’s peak, and the latest initial jobless claims tally came in worse-than-expected. + +“Overall, the economy appears to be losing a bit of momentum,” Wells Fargo Securities economists including Jay Bryson said in a recent note. “Jobless claims have improved recently but remain elevated.” +It's like it happened over night. One day sometime in September or August of 2021 there was news that theyre banning retail from trading these types of stocks and the ban was almost immediate. + +This tells you they can and do work fast when they NEED to. Why did they cut off retail so quickly ? What happened around this time ? + +Someone correct me if I'm wrong and they were talking about banning these from retail prior but /u/thabat came out with cellar boxing right around this time and almost immediately after they pushed this rule banning retail. + +Sooooo, doesnt it make sense that they knew we had caught whiff of how to royally fuck them? If retail had begun buying into cellar boxed stocks it wouldve crushed their margin controls because it's likely all of their margins are controlled by tickers that they successfully boxed in right ? Isnt that the point of cellar boxing? Having a massive profitable position you can leverage against and never close? + +Anyway, just a random couch thought I wanted to share. +Yield is 10.45%. Pays monthly. If you set up your DRIP and reach 100,000 shares you can be paid around $20,000 a month. Doesn't seem like it has a ton of growth potential. Is there a better monthly paying dividend stock than QYLD? +So you’ve pissed yourself looking at the collapse of the Chinese housing market and economy. You’ve marvelled at the impossibility of the US stock market to keep going up as the on the ground reality is totally divorced from it. + +You’ve watched the Australian housing market go north like Bitcoin and now you’re wondering what the fuck is this cunt on about. + +—— + +We all know the Australian housing market is fucked, we know it’s pretty damn fucked but what got it so fucked and how fucked is it really. + +Level of fucked 9/10 + +The whole thing is worth 9 trillion. In the last 6 months it added a trillion dollars of “value”. + +That’s just fucking stupid. More importantly as we’ve all experienced, nothing draws a line that steep up without sucking mighty dick and retracing. The problem with houses though is offloading them when you’re deep in the red is difficult and slow and the more incentivised the seller becomes the worse the problem gets. Especially when the seller becomes a back foreclosing on someone because they couldn’t keep up with the interest repayments. When housing retraces under these conditions it’s seldom a leisurely stroll. It’s usually a bums for the exits. + +The granular detail is all too damn boring to go into. Plenty of half baked analysis is out there though so get reading. + +I really only made this post to say one thing. + +Stupid cunts from every political and economic persuasion in this very dumb country keeping spout absolute bullshit as to why and how we got here. Don’t listen to the fuck wits. + +Negative gearing, CGT, occasional supply issues all play a role but this isn’t a Wes Anderson movie, it’s a Tom Cruise special and there’s only one cunt worth looking at; interest rates. + +Fundamentally the driver of asset bubbles is alway the same fucking thing. Access to credit. 1920s and on and on and on and on. + +When interest rates drop to basically 0 and stay there for 13 years you are guaranteeing an asset bubble. + +The way it works is very basic. Cheap rates and available credit incentives borrowing. The easiest asset to borrow against is housing because banks are simple dull creatures and they falsely believe housing to be a rock solid safe bet, which it fucking isn’t, it’s just an asset class and they can all do deeply dumb shit because people are involved. + +So you wind up with a self reinforcing cycle that just keeps going up until the breaks get pumped. The cycle is simple; easy credit allows more people to buy, they can then lend against the asset, as the price goes up they can borrow more cheap credit buying more houses which lets them borrow more cheap credit. The only way to pump the breaks is by making credit for housing more expensive and difficult to get. If you increase tax people will just eat it, it doesn’t matter when you’re in a self reinforcing cycle. The tax burden would have to be catastrophic to slow it down. + +Check out George Soros concept reflexivity from a less retarded explication of this. He wrote a book in 2008 right before the GFC that explains all this dumb shit. + +The other concept to know about is the debt cycle, the wonderful wonderful debt cycle. + +—— + +So next time you hear “it’s supply” “it’s CGT” “It’s negative gearing” remember, that person has an agenda and is either completely retarded in the worst way or doesn’t want to directly deal with the issue. + +Insaying that we need tax reform etc but the thing doing the heavy lifting is the interest rate. Until that hits 5-8% shits just going to keep going north. + +Inflation is here and it’s going to eat your lunch. + +CASH IS TRASH! + +Go long on leather gear, pikes and hotted up apocalypse ready V8s or a F150 lightning, man I need that truck. Then my life would be complete. Maybe some more IKEA furniture… +Sept. 27, 2021 +WASHINGTON — Senate Republicans on Monday blocked a spending bill needed to avert a government shutdown this week and a federal debt default next month, moving the nation closer to the brink of fiscal crisis as they refused to allow Democrats to lift the limit on federal borrowing. + + +With a Thursday deadline looming to fund the government — and the country moving closer to a catastrophic debt-limit breach — the stalemate in the Senate reflected a bid by Republicans to undercut President Biden and top Democrats at a critical moment, as they labor to keep the government running and enact an ambitious domestic agenda. + + +Republicans who had voted to raise the debt cap by trillions when their party controlled Washington argued on Monday that Democrats must shoulder the entire political burden for doing so now, given that they control the White House and both houses of Congress. + + +Their position was calculated to portray Democrats as ineffectual and overreaching at a time when they are already toiling to iron out deep party divisions over a $3.5 trillion social safety net and climate change bill, and to pave the way for a bipartisan $1 trillion infrastructure measure whose fate is linked to it. +The package that was blocked on Monday, which also included emergency aid to support the resettlement of Afghan refugees and disaster recovery, would keep all government agencies funded through Dec. 3 and increase the debt ceiling through the end of 2022. But after the bill cleared the House a week earlier with just Democratic votes, it fell far short of the 60 votes needed to move forward in the Senate on Monday. + + +The vote was 48 to 50 to advance the measure. Senator Chuck Schumer of New York, the majority leader, was among those voting “no,” a procedural maneuver to allow the bill to be reconsidered at some point. But there were no immediate details about next steps. + + +The resulting cloud of fiscal uncertainty marked yet another challenge for Mr. Biden and Democratic leaders, who are facing a daunting set of tasks as they press to keep the government funded, scrounge together the votes for the infrastructure bill — also slated for a vote on Thursday �� and resolve their disputes over the broader budget plan. They must also hatch a new strategy for raising the statutory limit on federal borrowing, which officials have said is on track to be reached as early as mid- to late October. + + +“It may not be by the end of the week — I hope it’s by the end of the week,” Mr. Biden said on Monday at the White House, referring to the outlook for accomplishing all of the imperatives Congress now faces. Ticking off the four pieces of legislation, he added, “We do that, the country’s going to be in great shape.” + + +Without any one of them, Mr. Biden’s agenda and his party’s fortunes would be in peril, a prospect that Republicans appeared to relish. + + +Although both parties willingly racked up trillions of dollars in debt in recent years, Senate Republicans presented their refusal to vote for the debt cap increase on Monday as deserved comeuppance for Democrats who are pushing past G.O.P. opposition to muscle their multitrillion-dollar domestic spending and tax increase plan through Congress. +https://www.bloomberg.com/news/articles/2018-05-04/musk-hung-up-on-ntsb-chief-in-testy-april-call-about-tesla-probe + +> Just weeks before Elon Musk held his fractious conference call with Wall Street analysts, he hung up on Washington’s top transportation accident investigator. + +> Robert Sumwalt, the chairman of the National Transportation Safety Board, called the feisty builder of new-age cars and rockets on April 11 to tell him that blog posts by Tesla Inc. casting blame on the driver of a Model X for a fatal crash had gone too far. The NTSB had earlier warned Tesla not to make statements about the accident while it was being investigated by the board. + +> Sumwalt then said he was taking the unusual step of kicking the company’s representatives off the investigation. + +> “Best I remember, he hung up on us,” Sumwalt told attendees of the International Society of Air Safety Investigators’ Mid-Atlantic Regional Chapter dinner Thursday. It was his first public comments on the exchange. +I want to start off by saying thanks to /u/Celesmeh for creating a great spreadsheet to get my ass in gear. You can find it [here](https://www.reddit.com/r/personalfinance/comments/dp7pww/i_mde_a_spreadsheet_for_people_who_dont_know_how/). + +cliff notes: + +* I and my wife are 29, our son is 7 +* My wife does not work +* My net income is ~$5,000/mo or $2,500 bi-weekly, gross income is $7,574/mo or $3,787.50/bi-weekly +* I pay $675 in taxes each paycheck +* $420 (nice) for family healthcare (medical, dental, eye) every paycheck +* $265 per paycheck goes into my 401k (7%) +* I have $13k credit card debt which I'm currently paying $300/mo into, I really need to increase this badly. +* I am typically living paycheck to paycheck, i.e. I have close to $0 in my checking account when I get my bi-weekly check + + +Total monthly bills come out to $3,485 and that's assuming I were paying $500 into my credit card instead of $300 and excluding groceries. This should leave me with nearly $1,500 that doesn't have a specific destination. + +I pulled data from my bank account to figure out where my money is going excluding bills. If I include my grocery store trips, for the month of October I spent $1,684.42, excluding grocery store, $1,135.39. That means I'm spending over $1,100 on random bullshit I DON'T need. This is random store trips, fast food, etc. + +I'M AN IDIOT (this isn't really breaking news....) + +Want proof I'm an idiot? I never looked at my 401k until TODAY. I literally had to create an account as I had never done so before... Silver lining though, I have a 23% rate of return on my 401k so far this year. + +Things I NEED to do. STOP EATING OUT. Create a monthly meal plan, get groceries ONLY and STOP EATING OUT! + +Pay MORE into my CC debt, if I threw an extra $1k (assuming my grocery bill is around $5-600 a month) into my CC debt I could have it paid off in under 10 months. I could then turn to my car loan and pay that off quick and dirty and without those two debts I could be saving almost $2k a month. + +These numbers have been accurate for at least the last 4 years. + +DON'T BE LIKE ME. FIND OUT WHERE YOUR MONEY IS GOING **TODAY**. + +Today is the start of a new me, a new budget and just taking full control of where my money goes. Figure it out and do it sooner than later. + +Fill out the budget spreadsheet I linked above. See if you can pull data from your banking website and add up what you spend a month on non-essentials, you might be surprised. + + +I don't really know what I wanted to do with this post, I just find it insane I never really took notice of how loose I am with my money. Hopefully this will help others get their ass in gear. +For the past 7 years I’ve done something I shouldn’t have done. I stuck with the same company for way too long. It paid off and I got the promotion I’ve waited for. I can finally move out my parents house and I am stoked. The expectations at work are much higher and I actually feel like an adult. + +Edit: did not expect this post to blow up. Have been working a lot and came back to see this. Thanks everyone for the great advice! +Holy shit, how fortunate are we? We are awake about all the nonsense that is unweaving around us. + +We see the fed, we see the commercial backed mortgages, we see Evergrande, we see citadel, point72, puts in Brazil, we see the scramble to change rules and fight what we are becoming... The inevitable. + +Waiting patiently for our chance to gain our share of the wealth and finally put it better use than the system did. + +But the biggest wake up call for me, was the simplest: we are safe. + +SAFE. What do I mean? In the complete collapse, there is very little dry land. Even bystanders who just have meager savings in a cash account are going to get bitten when their banks are facing liquidation. Brokers with bad bets are going to have their clients wealth at risk (after all, the shares are the brokers assets, not theirs). + +But ComputerShare as a transfer agent is completely safe. They don't play the markets. Even if GME dips hard, we are never at risk of complete disruption and loss. + +A transfer agent is better than your damn bank right now. Wild. + +It's the safe place under the mattress of what will be a shit storm 2022 to 2024. + +We are blessed to be here, for all the shit we've been through. + +A deep fucking cheers to DFV, RC, Larry Cheng and GME leadership, sincere thanks to QueenKong for DRS even existing. Thanks to all of you to rallying together for the looming crisis. + +We are all individual investors, but even without MOASS our collective commitment to buy and hold in a transfer agent will insulate all of us. + +🦍🍻🦍🏰🎆🦍♾️ +***BTW: THANK YOU*** u/bigdipper125 ***and*** u/docmob ***for offering to donate to me. It really helps me to get through these requests.*** + +It kills me when i see people unable to have nutritious and adequate diets because of their financial situation. While I have never been in poverty, I do budget, spending $50/wk or less on food for a family of 4 in New Jersey. + +Throw what stores are accessible to you (including food banks) and budget below and I will dm you. Or, even tell me what food you have in the house from a food drive and I will do what I can (oh, and tell me if you want advice or a plan). I can't guarantee responses but I will try. + +If anyone else has experience in extreme budgeting, leave a comment (: + +**RESOURCES:** + +* [https://www.busybudgeter.com/best-free-meal-plans-budget-friendly/](https://www.busybudgeter.com/best-free-meal-plans-budget-friendly/) +* [https://www.youtube.com/watch?v=LNoiOU3XpR0](https://www.youtube.com/watch?v=LNoiOU3XpR0) week of meals for family of 6, $42 +* [https://www.youtube.com/watch?v=hXntLW\_QYuw](https://www.youtube.com/watch?v=hXntLW_QYuw) week of meals $10, 1 person + +EDIT: Also wanted to add that See Mindy Mom and Frugal Fit Mom on YT have excellent examples if you don't want to comment. Also also, these will be weekly (with the ads) but feel free to ask questions. +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 won’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. +"Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was +little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable +job gains in leisure and hospitality, other services, and local government education were +partially offset by employment declines in temporary help services and in couriers and +messengers. " + +Expectations were that unemployment would fall to about 5.8% for the month. More [here](https://www.bls.gov/news.release/empsit.nr0.htm) and [here](https://finance.yahoo.com/news/april-2021-jobs-report-payrolls-labor-department-unemployment-181552009.html). +So I have robinhood and at first I thought it was okay because I have my dividends in there and it had DRIP so I was set for the snowball effect. Should I keep robinhood for the dividends or transfer to fidelity or a brokerage you guys prefer? I’m new to dividends stocks and where to store them safety. The snowball effect interested me a lot so ofc I have to get part in it. +*First part* + +Ok so some back story, I am in my early 30's, single, from a third world currently residing in Europe (*not as an refugee, I am in a foundation /preparatory program for the course I eventually intend to study at the Uni...more on that later*). I was born to a poor family ( *we shouldn't have been poor actually but my parents had a zero responsibility policy when it came to finances and planning, they left all responsibilities to a higher power*), Anyway this affected a huge part of my life, I had no opportunity to develop myself, couldn't get a higher education, my ambitions all felt way above my reach, until recently I haven't been able to attend the University, nevertheless I feel like I am now at a financially stable point in life where I can enroll for an undergraduate program at the University as a mature student. + +I had start working at a very early age and somewhere around 2014 I was lucky enough to put some of my savings into Cryptocurrency, precisely bitcoin, looking back now I am still surprised at how I held on to most of my bitcoins and sold only very little when I was really in need of some money. Anyway now I have about 220,000 euros in bitcoin (*220k Going by the current market rate, the price could still go up if or when we enter a bull market*). **My entire amount is all in Crypto and while I remain a believer in Cryptocurrency, I think it would be a good idea to liquidate some and diversify my investment into a more stable, long term source of passive income rather than just "HODLING"**, I know I have to talk to financial advisors but I feel like I would also get some good tips here too. **So first part of my plan: Diversifying my resources into some reliable passive income investment.** + +*The second part below might seem suited for an education based subreddit but believe me this is also a personal finance / investment situation.* + +Now back to what I mentioned about studying in the University, right now I am torn between studying in the UK and studying in Germany. The pro's of studying in the UK is that the UK, precisely England is an English speaking country, so I wouldn't have much of a problem going about my daily activities (*I am not sure about this one but I think studying or residing in the UK also gives me the chance to invest in the London stock exchange so maybe that could also be listed as one of the pro's of studying in the UK* ), + +However the cons is that the International student rate in the UK is astronomical and I doubt if there are any assistance offered to international students, **I am not looking to max out about 30% of my entire funds on tuitions in the UK plus the very expensive accommodation situation (when I include rent and yearly survival that's almost close to 45% of my funds).** + +As for Germany, the pro's are - free education (I get to invest the money I am supposed to spend on tuitions in the UK) and also a standard of living that could be more affordable compared to the UK. The cons are the language barrier (I intend to learn the language and have already picked up some little vocab using youtube and mobile apps), and the fact that Germany tends to be overly bureaucratic . + +So basically I am looking to diversify my investments and also make a decision on a place to study and reside. I had plans of applying for the Portugal residence program but that's going to cost about 200k which is pretty much most of my resources so I intend to raise money and maybe revisit that after having some elbow room financially. Also the United states would have also been an option as they have a huge investment market there but that seems to be exclusive to American citizens only and the tuitions there are just as bad as the tuitions in the UK. + +I look forward to some advice on the smartest ways to invest my little some of 200k euro without taking too much risks. +Hey! Basically the title. + +I've gotten into writing books, annnnnnnnnd they've done incredibly well. While "actively" working, marketing, selling, etc., I'm pulling in roughly $15k/month before expenses, more like 13-14k post expenses. Huzzah! + +I've been selling them on Amazon, selling the audibooks, etc. This income is more or less forever, although I anticipate as time goes by it'll trickle off, probably ending up close to 0. + +Still. I have absolutely no idea how to even begin calculating the residual, passive income into my long-term retirement plans. Do I ignore it, and anything it generates is a bonus? Or should I do something else with it? +'Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!' - trump + + +Interesting as it may be, Amazon has been going on hiring sprees around the country, recently hiring as many as 50k employees. They have new warehouses in Michigan opening, and the newspapers are widely reporting the jobs coming as a result. + + +Hey y'all. + +I live in the Pacific Northwest, and have come to realize that unless I fight really hard, I probably won't be able to afford a house in the places that I want to live here with the exception of places far out in the country. + +I've been considering relocating for a while. I've been scouting out a bunch of places, and two stand out to me the most: Albuquerque NM and St. Petersburg Florida, where I have enough saved that if I were to move to either of these places I could possibly buy a condo within 1 or 2 years. + +I wouldn't mind living in these areas, but I also don't know if it's worth it to up and move my entire life for it. On the other hand, the housing crisis is giving me anxiety that if I don't act now, I'll never be able to buy a home in any place I want in 10 years except in like, north dakota. +So let me get this straight… broker dealers removing the buy button and eliminating all trust in the market caused a market rally. The coronavirus outbreak caused a market rally. Global lockdowns caused a market rally. Threat of a nuclear war in Ukraine caused a market rally. High inflation caused a market rally. Fear of a global recession caused a market rally. The crypto crash caused a market rally. Increased rate hikes caused a market rally. Numerous layoffs caused a market rally. Increased defaults on credit card payments and mortgages caused a market rally. Hedge fund closures caused a market rally. But millions of people worldwide buying up as many shares as possible of a single company is causing the share price to go down? Come on, even my 4 year old can see through the bullshit. +For those new to Reddit and to investing subreddits - many people often complain that r/investing mods are too draconian in removing posts and comments. + +One reason is that we often get posts from bots or stock promoters who are seeking to profit from pumping a stock or to create hype. You can sometimes identify if it's a bot or promoter simply by looking at the posters comment and post history. Often you will see that the account has posted nothing related to investing or trading but suddenly there is the same or varying versions of comments on one or two specific stocks. This morning - an account which only posted porn in the past to collect karma suddenly starts to post investing advice and stock recommendations. + +One other way to recognize suspicious posts is if the OP never engages in a discussion on comments and questions in the thread on their own dd. Those are all signs of stock promotion. + +If you are new to reddit r/investing \- and you wish to post dd please see the wiki guidelines for appropriate dd here - [https://www.reddit.com/r/investing/wiki/index/rules](https://www.reddit.com/r/investing/wiki/index/rules) + +\[edit\] + +For those interested in understanding a little more about stock promotion - one of the mods provided an AMA 8 years ago about a penny stock pump operation that he unwittingly became associated with - you can find the AMA here - [https://www.reddit.com/r/investing/comments/158vi7/i\_used\_to\_be\_a\_penny\_stock\_promoter\_in\_the\_late/](https://www.reddit.com/r/investing/comments/158vi7/i_used_to_be_a_penny_stock_promoter_in_the_late/) +I am seeing posts in new talking about the stock being up because of dumb options/cycles shit being back on the table... Seriously? We aren’t fucking stupid! +Today is two trading days after the announcement of their market place opening by end of July. Insiders have been restricted from buying until two trading days after this information was made public. Occam’s razor anyone? +Hello all, + +My girlfriend and I are trying to get a $250,000 FHA loan for a duplex to house hack. We didn't think it would be any issues at all because combined we make enough for that loan amount. After going through the process for pre approval today with a Mortgage banker for home loans they said since my income is a national fellowship stipend it cannot be counted AND my secondary source of income that I've had for 4 months also CANNOT be counted. This made only my girlfriend's income be eligible leaving us pre approved for $200,000, which is very disappointing and discouraging since there are very little duplexes in our area especially ones we'd want to live in for $200,000. This was a dream of ours for so long and any help or insight would be appreciated. + + +We both have over 750 credit score and 0 debt. + + +Thank you! +https://www.indy100.com/viral/stripper-recession-empty-clubs + +Some strippers on Twitter said they think recession is guaranteed - because the strip clubs are suddenly empty. On Thursday, a woman who goes by @botticellibimbo on the platform said the following about the clubs: "The strip club is sadly a leading indicator, and I can promise y'all we r in a recession, lmao." "Me getting stock alerts just to decide whether it's worth it to go to work," she further wrote in a subsequent tweet. People took to the comment section of her post to confirm her sentiments about the strip clubs, as well as their own experiences in other industries that seemed to be declining. "Nah fr, reading all these articles journalists and economists are like we're not in a recession we might not even get one this year or next…like the club is dead babe wym," one wrote. "Tbh, I think we've been in a recession since fall 2020," another added. A third wrote: "It's getting expensive out there. It's probably gonna get worse, unfortunately," another added. + +Someone else, who is a "mail carrier," wrote: "' I'm a mail carrier and have noticed the lack of volume of packages coming from one of my customers that has a home business. S****'s gonna get worst smh," someone added. According to data from the market research group IBISWorld, it estimates that the profit for US strip clubs has declined more than 12 per cent to $1.4bn (£1.2bn) in 2018, which is down from $1.6bn in 2012. The research group also noted that the annual revenue growth at US strip clubs was 4.9 per cent between 2012 and 2017. It eventually slowed down to 1.9 percent from 2013 to 2018 and is projected to face another decrease at 1.7 per cent by 2023. Revenue in the industry is also estimated to have decreased 17.4 per cent in 2020. +According to Donkey Dick Dave, in 35 milliseconds at the start of the last halt the edgx data was incorrectly processed. It blitzed through meme numbers like $420 and $6969 before maxing out around the $214k CS limit cap. + +Although probably not intentional, this has simulated what will happen once the computers take over in the liquidation process. The shorts won't even be able to blink before their entire wealth is gone. + +Added: trying to add this again because the last clarification didn't seem to save.. what I mean is: + +If the computers go into buy mode because a hedge fund is liquidated and their short positions are forced closed, the orders will be fulfilled (rather than just cancelled like they were during the bug) and we could just as quickly be on our way to the moon. +Alright here we go. I'm 19 and just got out of a 2 year relationship. (Cheating is real shitty ya'll.) Some background: I'm young and really stupid. I was giving him my whole paychecks and letting him decide where what goes and how much I get back. I have no idea where all my money went. Stupid, I know. Bills were always paid for and I was pretty much always broke, but with everything I needed. +I live in apartment where my share of the rent is 600 and my phone bill is 100. +Going back home to family is unfortunately not an option. +I'm starting school soon and I need to figure out how I can save with what I have, and What I need to do. +So far I have a minimum wage job ($10) with 30 hours a week. I was looking for other jobs but can't afford to not work until then so this will do. I plan on getting a second job so I'm at least hitting 50 hours a week. I'm making tips too, and all of that immediately goes to savings. +Luckily my job is within walking distance so I'm going to do that instead of paying for parking and gas. +I'm going to pack lunches and snacks but in case I can't, my job offers 50% off and the sides are 3 bucks to begin with, so it's not that hard on my wallet. I have a roommate so groceries and other expenses will be split. +I feel like I need to be doing more. What can I do at 19? +Edit 1: I've gotten so many positive responses and first off I just want to say thank you so so so much. Let me give a bit of an update because today has been a tiny whirlwind with work and all. +First off, I'm down to 5 bucks thanks to a forgotten gym bill I stupidly let my ex and our old roommate charge to my card. I know 30 bucks isn't a lot, but man if I didn't cry over losing that $25. But it's oh well, I'm canceling the membership and I'm getting tips tomorrow so I'll just start over again. +A lot of people have asked why I can't go home, and honestly, I have no beef with my family. My mother is a wonderful woman who works at a domestic violence homeless shelter a few cities away. She lives in a tiny house with my 4 younger siblings and has recently also moved in a woman and her child from off the streets. When I say tiny, I mean a 2 and a half bedroom house that takes almost 5 seconds to walk through fully. She doesn't make a lot, and taking me in could mess her up financially and honestly it's just so crowded. She has a heart of gold and tries to support me in any way she can. +I want to say something about my ex. Overall, he was a good person who let his depression consume him and didn't want to seek help for it. I tried and helped as much I can, but when I started getting hurt more than making any difference, I knew I had to go. He's never had an example of a healthy relationship. All in all, I hope he gets help and grows to be the kind of person I know he can be, and I'm sorry I can't be there with him. +I got in contact with a recruiter, I'm not sure if I'll enlist but I'm weighing it as an option and talking to someone about it will be nice. +I have a few leads on a second job, and I want to thank everybody who has been offering jobs and housing. Unfortunately, I don't seem to live near any of you! I'm a state by California. +Also, I WILL NOT BE SPLITTING THE GROCERY BILL. That seems to be unanimous. +I'll be looking at my phone contract as well. +When It comes to school, I'm going to talk to some school counselors to see what would be best to do. +I didn't expect the support and outpouring of love that came from this post, but you guys gave me hope. I love you Reddit. Let me know if I can answer anything else, I think I covered it all but again it's been a crazy day, with work and walking home I had to take a nap I was so exhausted. +Thanks again Reddit! +>*Investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas -* ***Paul Samuelson*** + +Investing can definitely be exciting. Seeing those numbers tick upwards every day or making a play nobody else saw is downright addictive. We all know that we are taking a higher risk with the hopes that the returns would be proportional to the risk. We buy into growth stocks with astronomically high PE ratios thinking that they would ‘grow’ into it or that they would be the next Tesla (*\*cough\* Nikola \*cough\*).* Some of us would even have bought into the ‘next’ bitcoin in the hopes of replicating the [Dogecoin millionaires](https://www.cnbc.com/2021/07/06/millennial-dogecoin-millionaire-on-being-paid-in-dogecoin.html). + +But usually, the best long-term investment strategies are the most boring ones. As I highlighted in my [last article](https://marketsentiment.substack.com/p/diving-into-dividends?s=w), the best performing U.S stock in the last 5 decades was not Apple, Intel, Tesla, or Google. It was Altria - A cigarette company. They achieved this by paying a consistent dividend for 50+ years. + +So in this issue let’s analyze the long-term performance of high growth vs value companies and see where you should put your money if you are in it for the long haul! + +### Beta & PE Ratio + +First, it’s important to understand these two metrics to evaluate a stock to see how the stock behaves in the market and also what the market thinks about the growth prospects of the stock. + +**Beta -** Beta is simply the measure of the volatility of a stock. It can be considered as the risk of the particular stock when compared to the market as a whole. Beta can be negative, positive, or zero. A beta value of more than 1 means that the stock is more volatile than the market. E.g, Tesla’s Beta is 2.08 - which implies that the stock is more than 2x as volatile as the market + +**P/E Ratio** \- Price to Earnings ratio relates a company’s share price to its earnings per share. A high P/E ratio can either mean that the stock is overvalued (stock price being much higher than the earnings the company is generating) or investors are expecting very high growth rates in the future (i.e, the company will grow into the expected valuation very fast) - Taking the same example of Tesla, its PE ratio is 201 compared to the overall PE ratio of 22 for the S&P 500. () + +Generally, stocks having high beta and PE values are considered riskier as they would be much more volatile than the market. A growth stock like Tesla would have a high Beta (2.08) and high P/E (201) ratio whereas a value stock like Johnson & Johnson has a Beta of 0.72 and a PE ratio of 18. + +Now the million-dollar question is if you are investing for the long term, is it better to bet on growth stocks like Tesla or value stocks like Johnson & Johnson? + +### Value > Growth + +The outperformance of value stocks was first discovered in 1985 in a paper titled [‘persuasive evidence of market inefficiency’](https://jpm.pm-research.com/content/11/3/9) where the authors argued that value stocks had persistently higher risk-adjusted returns than they should have in an efficient market. + +In a more recent study by [PWL Capital](https://www.pwlcapital.com/wp-content/uploads/2019/03/PWL-WP-Felix-Factor-Investing-with-ETFs_08-2019-Final.pdf), they show that over a rolling 10-year period in the U.S from 1926 to 2018, **value stocks have beaten growth stocks 84% of the time.** This is staggering as this proves that value stocks are just as likely to beat growth stocks as the market has been to beat one-month treasury bills. + +https://preview.redd.it/86co7u0wsuw81.png?width=1221&format=png&auto=webp&s=fa48d1fdf21c6d09cccd107a3827302838263fee + +Also, it’s not just the U.S market that is exhibiting this phenomenon. A [study](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2055431) covering 33 different markets during the time period from 1990 - 2011 also showcases that Low-Risk stocks tend to outperform the market. + +Remember the Beta we talked about in the beginning? Generally, high beta stocks are associated with growth and high future expected returns, but [research conducted by Harvard](https://dash.harvard.edu/bitstream/handle/1/11130436/bakerm%2Cbradley%2Ctaliaferro_low-beta_FINAL-Decomposition-of-Low%20-Risk.pdf?sequence=1&isAllowed=y#page=3) has shown that low beta stocks have consistently outperformed riskier stocks and the overall market. + +### Why boring wins + +There are both fundamental and behavioral reasons why value stocks tend to outperform their growth counterparts. + +**Overvaluation** \- Investors tend to overvalue more exciting stocks that tend to dominate the headlines. Investors who are looking to find the next Google or Amazon are willing to overpay for companies with similar characteristics in the hope of hitting it big. (Check out [this excellent article](https://moontowermeta.com/why-investing-feels-like-astrology/) by Kris Abdelmessih where he argues that companies can have insane valuations *only* while their claims are still far from reality). + +**Nobody wants to be boring** \- Avoidance of boring companies by retail investors tends to have an effect on suppressing their stock price. Even in the case of active management funds, managers have to show their investors that they are in on the most trending stocks. People tend to accept below-market performance after making a risky play but that might not be the case if your fund is underperforming the market even after only investing in safe stocks. + +>*High-volatility stocks are attractive to professional money managers who are under pressure to dress up their portfolios with market-leading headline stocks to please their shareholders -* [*Nardin L. Baker and Robert A. Haugen*](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2055431) + +**Lottery mentality** \- People can’t shut up when they happen to own Tesla stock that’s up 400%. This feedback loop forces other investors also to pile into the same stock regardless of its current valuation. These investors are overpaying for the small chance of winning big with their investments. As with the lottery, 99% of the people would end up losing their money. + +&#x200B; + +It does look like value stocks can beat growth stocks as well as the market over the long run. But, at the same time, you should be aware that anomalies like this in the financial markets tend to disappear or decline once they have been published. For the U.S market, we have been observing an increasing decline in value stock outperformance but even as per the latest reports, value stocks are outperforming the market by 1.2% each year. The difference is much more pronounced in the Asia Pacific and emerging markets! + +https://preview.redd.it/rfvcu2yysuw81.png?width=1272&format=png&auto=webp&s=100559b5236b00e2be985e42b09ff191d3512d45 + +So if you can resist the allure of hot and trending stocks and the ‘next big thing’ you can end up coming on top over the long run. Who knew, it does pay to be boring! + I have been reading articles about polkadot for the past month and Found [this article](https://www.coindesk.com/tech/2022/06/29/polkadot-chief-gavin-wood-announces-blockchain-governance-upgrade/). Polkadot has upgraded its decision-making process to be more inclusive and decentralized, The new version includes various tweaks to streamline governance processes so that many decisions can be made simultaneously and anyone is able to start a referendum at any time, and they can do this as many times as they wish since there are no explicit limits on the number of referenda which are open to vote on at any time. +Polkadot’s Governance version 2 (Gov2) will remove any preferential “first-class citizens” in terms of governance, and is set to launch on Kusama imminently, following a final professional audit of its code. Once Gov2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on. +Let me know what you guys think about this article! +I just won £125,000 on an online casino!! I am not kidding, I can show proof if you'd like. + +I am literally over the moon, my savings before this were around £20,000 so this is completely life changing money. I am 18 (on a gap year) and this money would be able to pay for my entire uni course and more. I am so happy, this feels unreal. I don't want to do anything wrong now though. What do I need to do, who should I tell, and should I seek professional advice for investing some of the money? +I have a good amount of cash that has been just sitting there for a year now. Im planning to invest it in my own business in 9-12 months. Is there a way for me to accrue interest on the money in the meantime while keeping it liquid? + +Thank you in advance. +Do investment account managers at banks, Merrill Lynch, etc know what they’re talking about or do they all go through a course to just sell their investment products? Is there a professional out there that I can say hi, this is why I have, these are my goals, tell me what to do. Like a rain man of investing😏 +I feel like every time I speak with one of these guys they kinda all have the same “bucket “ narrative. Am I speaking to the wrong professionals? +Have any public servants found that their coworkers are absolutely taking the piss with WFH? I'm about to take a fully remote project management job with a federal department but have been told by others that the department's productivity has plunged because of WFH. + +In my current role, I really enjoy WFH and I'd say that my productivity has actually gone up, so before hearing this negative review of the department I was pretty keen to be fully remote! + +Does anyone have any experience on either side of the fence with this one? Would love to be reassured +I live in a high density area. There’s a lot of unhoused people in my area. (I choose this term because I believe most of these people are victims, stemming back from Reagan era politics. But that’s not the point of this post). + +Today I passed by a guy who seemed in particularly bad shape. I offered him the $2 cash I had on me (I never carry cash). He said, “Sir, I can’t accept that”. + +I wasn’t prepared for this. I said “no, please. Take it”. + +He said “No sir. I just want some juice”. + +I said “Orange juice? Is orange juice ok?” + +He looked at me like I was offering him +the fucking Moon + +Guys, it broke my heart. + +I said “yeah man. I’ll get you some orange juice”. + +So I walk to my corner store and grab what I was there for plus an orange juice and a banana. + +I walk back and hand the guy the orange juice, banana, and the $2. + +He looked at me like no one has ever looked at me before. The gratitude, guys. I haven’t ever been looked at like that… + +Then he grabbed a small bowl of broken glass shards. Blue, green, clear. The way he handled it made me understand these were very special to him. + +He said “please, take whatever you want” + +Fucking glass shards you guys!!!! + +I’m not gonna lie, this crushed me. ALL THIS MAN WANTED WAS AN ORANGE JUICE. But I kept it together. + +I said “no man. You keep that. It’s clearly very special. You keep that” + +He nodded and thanked me and we went on our separate ways. + +Guys, I immediately burst into tears. + +I live in the richest country in the world. A country that would kick this man and steal his glass shards if it meant there was a profit. + +This is why I will always Diamond Hand. What the fuck is my measly investment off my shitty wages to me, compared to this man’s self respect and dignity!? + +I’m Diamond handing to the end. Because people need us too. + +FUCK THE FINANCIAL TERRORISTS. + +Not financial advice. +So I've read at least a dozen times on Reddit that, "The IRS will NEVER call you, 100% of the time if you get a call from the IRS saying you are being audited it's a scam." + +Well, I got one of these calls recently. I remembered the countless posts I've seen saying the IRS never starts an audit by phone call. So, thinking I was outsmarting the caller, I asked for their name and what IRS office they were working out of. I told them I'd call them back. + +Welp, much to my disappointment, I called my local IRS office, asked for the auditor, and was connected to the same person. + +The auditor said they are under deadlines to get audits completed and that normally I would have received a certified letter first. + +I thought I would just post this as an FYI. I'd hate to see someone cursing out the caller only to realize they just offended the actual IRS. On the other hand though, I've received far more scam calls from people saying they are the IRS than I have from the actual IRS. I would at a minimum recommend doing what I did- take their name and call them back after looking up the IRS contact info for your local office online. +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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I'm just a dumbass with some life experience to share. + +**First, buy some goddamn personal umbrella insurance.** It's cheap af, like I pay $400 a year for mine. And it's easy af to buy. What is umbrella insurance? It's something poor people will never have to worry about, so be glad it's in your life now. **It protects you from lawsuits by parasites by adding million(s) of dollars in personal liability coverage above and beyond the policy limits of your auto, renters or homeowners insurance.** + +Your shitty auto/renter/homeowners policies have limits of a couple hundred thousand bucks max. If you hit somebody's car, if someone slips and falls in your house, if someone accuses you of sexual assault, odds are there they will want to sue you. Any plaintiff's attorney worth half a fuck that they hire is going to do their research on you and when they do their DD and find out you have tons of assets now, they are going to come after way more than what they wanted thinking you were just some broke nobody. Umbrella insurance protects you from the unlikely but ever present threat of bankruptcy through lawsuits now that you are rich target. I've seen way too many idiot doctors and successful small business owners lose their life's work through negligence lawsuits and not having umbrella policies in place that would have stopped it. + +Which brings me to my second request of you. Don't make yourself an obvious target. **Keep your goddamn mouth shut about your tendies and tell no one the particulars. Don't even fucking hint at it.** Don't tell dad to make him proud, don't tell strangers to impress them and feel good, don't tell some girl to get her to fuck you. I don't care if you shower the people you love with gifts, it's none of my business. If they ask, just say you had a good year trading and leave it at that. + +Neither of my parents know about my trading profits, nor that I'm a millionaire. None of my friends know. I'll go to my grave not telling a soul. Because I see how people treat the people I know IRL who do flaunt it and I'm disgusted how some people (not all) no longer view you as a person, just something to exploit. + +**Why tf should you listen to me? Maybe you shouldn't. I was wrong af about GME.** I posted how I thought it was trash from $10 to $30 and while I thought u/DeepFuckingValue deserved props for eating shit all year and holding strong, I thought the rest of you were FOMO sheep chasing it in the $20s. Mea culpa. I'm glad I was wrong. I've never seen so many rattled old white men before in my life before this week and it's great. I'm genuinely happy for you guys that hit it big and hope the squeeze isn't over. Please consider what I've said. Thanks. +Bear (heh) with me here. I was digging through some congress bills at work today when I stumbled upon something interesting - something *golden*. Enlightenment, if you will. [S.4232, 113th Congress, aka the Bank on Students Emergency Loan Refinancing Act.](https://www.congress.gov/bill/113th-congress/senate-bill/2432) + +To put it briefly, the act was calling for changes to student loans, to allow borrowers to refinance unpaid debt and thereby alleviate the growing pressure of tuition on middle- and lower-class families. + +[Here's a brief .pdf that makes arguing points in support of the bill.](https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). + +Ultimately, the bill was never passed - but the arguments for it remain. + +> Key federal economic agencies like the Federal Reserve, the Treasury Department, and the Consumer Financial Protection Bureau have weighed in on the dangers of exploding student debt. This debt is stopping a growing proportion of families from buying homes, saving for retirement, and making purchases that will keep our economy on the road to recovery + +Sound familiar? How many articles have come out asking about how and why millennials are "killing" major industries? (if you haven't kept up, [this marketwatch article makes for a nice recap](http://www.marketwatch.com/story/here-are-all-of-the-things-millennials-have-been-accused-of-killing-2017-05-22).) It's easy to see that student loans put economic pressure on millennials, and perhaps change their spending habits in interesting ways. + +But besides small spending behavior changes, student loans are killing spending altogether. + +Let's take a look at [some recent data](https://studentloanhero.com/student-loan-debt-statistics/). + +44,000,000 Americans with student loan debt. +Average loan delinquency rate of 11.2%. +$1,440,000,000,000 estimated total U.S. student loan debt. + +"In 2012, 71 percent of students graduating from four-year colleges had student loan debt: + + Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008 + 66 percent of graduates from public colleges had loans (average debt of $25,550) + 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300) + 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)" + +"...the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year." + +Combined with inflation and an overall lack of wage increases, the real cost of college is growing almost exponentially. + +The ultimate effect? Macroeconomic slowdown. Let's break it down: + +- Tuition is rising. +- Wages for graduates have not grown in pace with tuition / inflation. +- Graduates are left with less money in their pockets to spend. +- The businesses that serve a younger audience begin to feel pressure; their usual customers can no longer afford their products / services. +- These businesses then see declines in revenue, forcing them to slow operations and potentially lay off employees. +- The cycle spirals. + +If the market is driven by money (and it is), then it's bound to happen. Let's look back to our key players - the education industry, and student loan providers. + +Colleges and universities are in a wonderland of profitability - the public has committed itself to paying more and more every year for a service that we've decided is 'essential' to a successful life. While other industries that market towards young people are suffering, the education industry has yet to feel the pain - colleges will be the last thing that the current rising generation gives up for economic reasons (since we bombard children with the idea that they will never be successful without a college degree, and everyone wants to make at least some money). If motivated by money, colleges have no reason to lower tuition rates until a major economic failure (that disrupts loaners) forces them to do so. + +Loan providers, too, have little reason to change. In 2014, the U.S. government stood to profit over $60,000,000,000 on loans from 2007-2012 alone (https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). That type of money isn't easy to give up, even for a country like the United States - and nobody is calling for them to do the right thing here. They won't feel any reason to change until returns on defaulted loans drop to the point where no one purchases the outstanding debt. As mentioned before, college (and therefore, student debt) will be the last thing the current generation gives up for economic reasons - meaning that by the time repayment plummets, other industries will have already been affected by several quarters (or more) of revenue loss due to lower spending by millennials. + + +I started writing this hours ago, and I'm too tired to tell if it's coherent. I'm just kind of pissed off that my generation is blamed for not buying McDonalds when we clearly have other expenses to attend to. +The Bull is on the horizon and the atmosphere is set for next weekends launch into space. + +MoonBud is a rug-proof, community owned token with 100% liquidity locked and contract ownership renounced. + +The moonbud team is constantly active and only delivers ahead of schedule, in most recent headlines, their audit has been released a day early. You can see it here: [https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +In addition to a six figure donation to a doggo charity of the communities choice next weekend, the developers plan: + +\- Coingecko and CMC listings, already applied for + +\- Charity donations every weekend worth at **LEAST six figures** + +\- Developers will be doxxing themselves and recording charity donations in real life! A giant check will be presented + +\- Top tier NFT's + +\- Redesigned website built by professional web developers and graphic designers + +\- Huge marketing campaign that includes droves of top tier social media influencers on all platforms + +\- Governance Dapp + +Based off even a small analysis, Moonbud seems to have the **brightest future** of any project in the sea of charity and memetokens, a fully audited token **livestreaming** **six figure donations every week** sitting at a 2M market cap is truly a needle in a haystack. Not to mention the team will be fully doxxed. + +Links: + +Website(new one next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) or [https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA](https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) (v1) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Subreddit: r/MoonBud +As the title states, I recieved 10k from a royalty deal and life has been good enough to me where this is really not needed. How should I spend it? And yes I will be picking an option in the comments and posting future updates. So let's go reddit what do you think I should do with this 10k? US BTW. +For example, in television and other media, rich characters will often have a tragic life change when they loose their business. As soon as they loose their business they are worth $0 and have no money at all. I am trying to figure out how this is. + + +So I have always thought that business owners probably have a paid position if they do a job. This could the CEO or CFO for example. If they dont have a job and own the company, how do they make money off their business. Its not purely about stock trade, but are they allowed to use the profits of their company for personal use? +Hi everyone, I'm trying to save as much as possible for the future, but I wish my money could be growing rather that just sit in the bank. + + I'm pretty scared of (and new to) the concept of stocks/investing, so does anyone know what the safest places to grow your money are? + +I live in the UK, if that's relevant. + +I hope this is the right subreddit to post in! +Look upon me and tremble you lesser mortals. + +With the merest click of a button I can change the direction of the forex market. Support and resistance is totally powerless. It doesn't matter what the indicators say. Trendlines are irrelevant. Political upheaval not important. + +If I choose a stock to buy the market instantly plummets. If I choose a stock to sell it immediately recovers stronger than ever. + +Fear me. + +To be honest though, it is a little frustrating. I have learned to use indicators, support and resistance levels, candle patterns, stock chart patterns, trend lines... + +It feels like the moment I place a bid the computer the algorithm knows and screws me. God help me if I ever use real money. +I know for the wonderful quant apes and number apes this is basic crayon 101.So, while I am in no way a number ape, I want to share with other non-number apes a practical sense of how extremely far apart million, billion, and trillion are from each other. + +I think it very important that Apes understand how vast the difference is between million, billion, and trillion in order to recognize possible Number FUD and make informed decisions.   + +Some have argued that our floors are ridiculous and impossible. *(Number FUD)*  + +I hope to demonstrate that the scale of the numbers that Wall Street works with and has acquired -vs- Main Street - the difference between the two are not even on the same planet so to speak.  **A million or so dollars is but a wee drop in the oceans of trillions.**  + +*When writing this I discovered that large numbers have different names in "long scale" and "short scale".* *I am using the "short scale" names for this discussion.*  + +A million use to be part of the massive number club - but now it is a housing price.  + +However, and most importantly, a billion and a trillion are such massive numbers, that most people don't realize just how significant the difference is between all three numbers - other than a comma or two and some extra zeros.  + +Units of time can make it easier understand on a personal level how massively the numbers increase rather than gradually. + +# 01 Thought experiment to visualize $100 thousand as a starting point to compare one million, one billion, and one trillion: + +**“If you saved $100k a year with no taxes, no spending, and no interest - it would take you:**  + +* 10 years to become a millionaire,  +* 10,000 years to reach billionaire status,  +* 10,000,000 (yep million) years to reach trillionaire status.”  *Fun tidbit - Jeff Bezos is expected to become the world’s first trillionaire in 6 years.* + +**The Math with lots of zeros:** + +* 10 years multiplied $100,000 per year = $1,000,000 (one million dollars). +* 10 thousand years multiplied by $100,000 per year = $1,000,000,000 (one billion dollars) +* 10 million years multiplied by $100,000 per year = $1,000,000,000,000 (one trillion dollars) + +# 02 Visualization with 1 second of time as a starting point to compare one million, one billion, and one trillion: + +* 60 seconds = 1 minute +* One Hundred seconds = 1.67 minutes \[100/60sec\] +* One Thousand seconds = 16.67 minutes \[1,000/60sec\] +* One Million seconds = **11.57 DAYS** \[1,000,000/60sec/60min/24 hours\] +* One Billion seconds = **31.71 YEARS** \[1,000,000,000/60sec/60min/24hours/365 days\] +* One Trillion seconds = **317.10 CENTURIES** *(31,709.79 years)* \[1,000,000,000,000/60sec/60min/24hours/365 days/100years\] + +# 03 Thought visualization of a house price (no other fees inc.) as a starting point to compare one million, one billion, and one trillion: + +* A million ($1,000,000) - you could buy ten $100k homes and is one thousand more than one thousand. 10^(6) +* A billion ($1,000,000,000) - you could buy one thousand $1Mil homes and is one thousand times more than a million. 10^(9) +* A trillion ($1,000,000,000,000) - you could buy one million $1Mil homes and is one thousand times more than one billion. 10^(12) + +# 04 Stack 'em up. For those who think in visual terms of distance rather than quantity. + +[I heard you like green crayons](https://preview.redd.it/wj0y6wqquh671.jpg?width=576&format=pjpg&auto=webp&s=5ff758e113453c6b1492becd53cb142f6fb56c35) + +If $1million in **$100** dollar bills stacks up to 40 inches (3.3 feet), and $1billion is 40,000 inches, $1trillion in $100 dollar bills is 40,000,000 inches high, which is 631 miles. + +**TL:DR** $Magnitude of 7 Floor is not a meme + +edit: The whole point of this was to demonstrate why you need to HODL and not get number fudded. And I forgot my damn tag line. + + +Stay Shiny! +Stay Hard! + +Buy Hodl, Chill +” It’s tough to get out of bed to do roadwork at 5am when you’ve been sleeping in silk pajamas” -Marvin Hagler + +I find a lot of people here focusing on luxury and maximizing life enjoyment after FATFIRE'ing (nothing wrong with this). But I'm curious what people are doing to continually build their mental and physical toughness / resiliency as they age. + +For me, it's going to be challenging myself physically via MMA cage-fighting. Hoping to get my BJJ black belt eventually and continue to work on technical boxing (no sparring). Also attempting the 7 Summits Challenge and Clipper Around the World Race within these next 10 years. + +What things do you guys have in mind? + +My worst fear is that the money is going to make me soft and fat. And before I know it my brain and body have rusted out because I was too busy indulging my gluttonous whims. Essentially I always want to stay committed to the "5am roadwork" as that's what brought me to the FATFIRE dance in the first place. + +Edit: I started boxing in my late teens and sparred when I was in my early to mid 20s at places like Gleason's; moved away from hard sparring (boxing and muay thai) as I got older so now I just hit pads for striking; I live roll BJJ 1-2x a week which is not enough for black belt but I plan to do it for another 20 years + +Edit: Based on the comments, I can tell a lot of you have never experienced the absolute diabolical joy and thrill of hitting someone square in the face or strangling them in a triangle choke ... 10/10 would recommend. + +* Edit: Alright you guys have talked some sense into me: no Everest, rolling not worth the orthopedic injuries, definitely no shots to the head at any time, try hiking, try cycling, and most importantly force myself to meditate more +* And I learned don't be poor and try to do the ironman from u/sarahwlee +>Disclaimer from Quora: A true short squeeze is a fairly rare event. There are probably 100 predicted for every 1 that occurs.* + +>There needs to be an unexpected positive event. This could be a huge earnings surprise, a takeover offer, new patent, drug approval, etc. + +>Unscrupulous stock promoters (PUMPERS) often dangle a potential short squeeze as a carrot to entice inexperienced investors to buy a bad stock. For instance, you will find predictions of a “massive short squeeze” on virtually every message board for every penny biotech stock. If you point out that there is insufficient short interest for a squeeze, the promoters just add lies about “naked short selling”.* + +There, nobody sue me for the pennies I have. The following is all for entertainment purposes only: + +**The intro:** + +Sup gamblers. Feel bad about missing the gain train on TSLA? Fear not - something much greater and stupider is here. + +You know Citadel? The MM that took all our money today? Well now we finally won’t be at the mercy of the MMs. Instead, we’re going to temporarily join forces with the Galactic Empire and hijack the death star. + +Our choice of weapon... $GME. + +**The setup:** + +Huh?? Isn’t GME an absolute piece of trash stock? NO (will explain below), and even if it is, it's not entirely relevant. The this turn around is going to make TSLA's short burn look like warm afternoon tea. + +Why? Well, most short squeezes are mostly math. This one is special because we have math AND great underlying news. + +To be clear, this will happen whether or not we participate. I prefer us idiots to be a part of history. Here’s what’s up: + +Short interest: + +GME currently has between 85% - 99.8% short interest, depending on what site you use. For context, 20% is already considered high as the moon. TSLA and NFLX were around 30-40% at their peak. But GME’S ACTUAL SHORT INTEREST IS OVER 110%. In case you think I’ve gone nuts, look below: + +=== + +Shares Outstanding (June 2) = 64.8M + +- Insider Shares (June 30) = 8.9M + +Total = Public Float = SO - IS = 55.8 M + +- Ryan Cohen Shares (8/31) = 6.2M + +Total = Adjusted Public Float - Ryan Cohen = 49.6M + +=== + +Shares Shorted (9/2) = 55.7M + +=== + +% Shorted (Total Shares) = 86% + +% Shorted (Float) = 99.8% + +**% Shorted (Adj. Float) = 112.3%** + +=== + +This is unheard of. Also, the short interest ratio/days to cover is 16 DAYS right now. Shorts are beyond trapped in their position. +And the insiders? They won’t sell. In fact.. they’ve been BUYING. + +Fine, what if the shorts are correct? They’ve been printing for 5 years. Ok fellow gamblers, here’s where the real DD comes in. +The reversal: + +3 big things will cause this reversal. Ryan Cohen, retail option buying, and Kenny G (Citadel) himself. + +Who’s Ryan Cohen? + +Ryan Cohen sold Chewy in 2017 for $3.3 billion. He poured most of his money into Apple and Wells Fargo, saying he hates diversification and only goes all in into things he has high conviction in. Cohen is a Buffet-like investor. He is the largest individual owner of AAPL, and has sat on his hands doing nothing for 3 years. + +**Until last week… he went long on $GME.** + +Who cares right? He’s just another gambler like us willing to lose money. Not in this case… RC is special due to his expertise in e-commerce. He understands how a smaller company can compete against Amazon and Walmart despite heavy competition. THAT, combined with his hatred against diworsification makes his interest in GME a bit special. + +RC can spin this into an e-commerce/tech company, which would make Wall Street drool from their mouths. He’s already caught the attention of a few people, hence the recent 75% run up since the RC announcement. + +RC only needs to disclose his investments every 10 days. If he’s been buying since 8/31, we won’t know until this week. + +Add to that, the original contrarian Michael Burry found that 90% of stores were free cash flow positive before COVID. GME’s balance sheet is healthy with $100M in net cash (around $500M cash and $400M debt), so they aren’t going bankrupt anytime soon. They also added 2 more activist investors, Kurtis Wolf and Paul Evans, who were nominated by Hestia Capital Partners and Permit Capital Enterprise Fund, to turn the ship around. + +All this meaning, prominent figures have sKiN iN tHe gAmE, and if needed (unlikely) they have more cash to see it through. + +Second and third, degenerate gambling retail robinhooders + CITADEL. Told you we’re going to work with him this time. + +Thanks to MMs literally not using their brain and relying on ze maths to configure their entire business, we can take advantage of them sleeping at the wheel for a few seconds, and cause them to ram into GME for us. + +It looks like this: RH Call Option buying -> MM Delta hedging/share purchase -> short squeezing -> Greater retail/RHers price action chasing/call option buying -> MM Delta hedging/share purchase -> short squeezing -> Institutional and new channels flip the script -> GME to $400+ -> cash out. + +By the way. This is NOT a pump and dump. This is a kick in the shorts’ teeth. The stock will STAY HIGH. + +For reference: if $GME was trading at the same P/S multiple as $CHWY, the share price would be $420. + +Maths: + +On being delta neutral - quick refresher from a WSB classic: + +>“Part of the reason we see outsized moves is when a stock starts moving the dealers who are short the calls need to buy more stock to hedge. This can easily double the amount of buying pressure out there and lead to very exaggerated moves. + + +>As the stock goes up, so does the delta of the stocks calls and dealers who were originally perfectly delta hedged before the move effectively become short the stock as it moves higher so they need to buy more stock to “hedge up” or flatten their exposure/risk." + +Remember, since GME is literally 99.8% of float short (ignoring RC’s shares for now) they currently HAVE LESS THAN 50,000 SHARES IN LIQUIDITY. + +https://iborrowdesk.com/report/GME + +As of writing this, delta on average is around 0.200, give or take. Higher for near dated (0.395) lower for long dated (0.195). Let’s be conservative and call it 0.2 for the time being. So now, for every call option I buy, MMs need to delta hedge with 20 shares. + +Here’s where it gets insane: + +If $100,000 in calls are bought from RH, Citadel is forced to buy the remaining 50,000 shares. I’m using 10/16 $15C for this example. This is an insanely small amount of money, especially with Ryan Cohen, retail idiots, and the rest of the SeekingAlpha vultures waiting for this play. It’s a ticking time bomb waiting to happen. + +Let’s say Burry wakes up and decides to drop $600,000 in call options. This is going to force Kenny to delta hedge 300,000 in GME shares. When there are only under 50,000 shares available in PUBLIC FLOAT. This has NEVER HAPPENED BEFORE IN HISTORY. In an accidental squeeze (KBIO, VW), the shorts can’t buy back and get priced out momentarily. Pump and dump. Not what's happening here. + +In a contrarian bet leading to a squeeze, shorts bail their positions and the stock STAYS HIGH (TSLA, PTON). The stock is no longer being artificially suppressed, and the shorts are NOT going short again. + +To tell you the truth, I don’t even know how far this is going to blow up, since there is literally no historical precedent for this. I just know things are about to get very very insane. + +Now also add in the fact that GME is at a 5 year low, which means shorts can be largely satisfied with their gains, and are comfortable covering their shorts. Which, as a reminder, they have to BUY back. + +-Cut to Ryan Gosling toppling the Jenga pieces- + +**The timing:** + +Alright, if you’ve read up to now, I can assume you’re in. IV is off the charts right now. That’s what happens when a stonk goes up 75% in a week. Sorry, but the Ryan Cohen news is actually big news. + +PRE-EARNINGS BET + +There’s no idea how the call will go. So place your bets if you think it will go well. If $GME absolutely misses the mark, this DD is worthless. BTW GME flopped the last 2 earnings - that's why there have been no big gains. Proceed at your own risk. + +Few things I’m betting on: + +First, GME beats earnings. All gaming companies, Nintendo, Sony, ATVI beat due to COVID lockdowns. Same store sales should be flat or up, with 300 less total stores. $GME is expected to post a loss of 1.27 EPS. That's way too low. + +Second, activist investor activity. Cohen is sharp as a knife and will make sure things get aligned correctly. He's more financially oriented than most founder/CEOs. He can probably recite CHWY's balance sheet to you off the top of his head, and he understands the investing environment (bad IPOs, interest rates, SPACs). Meaning, he's not a gung ho YOLO Masayoshi / Grant Cardone coked out founder. He's disciplined. Yea I did some stalking... Well you know I had to. + +Third, positive news cycle due to Console Cycle: http://charts.stocktwits.com/production/original_240233258.jpg + +If you’re wondering why fund managers aren’t covering and going long, remember that they have a JOB. They can’t make contrarian bets at the risk of looking idiotic. Cohen and Burry can because they own their own money. + +They can talk about how $GME is going to be Blockbustered. Only one problem - GME’s Netflix… is GME itself. By the way, VW was also heavily shorted during a recession because everyone thought they would be bankrupt. Jus sayin. + +AFTER EARNINGS + +If GME rockets after earnings, the short squeeze has started and we can pile on weekly 10-20% OTM options to force KG to delta hedge by buying shares, ad infinitum: see $TSLA. + +If GME tanks, buy cheap options in anticipation of the short burn. + +**The trade:** + +In order to capture the biggest upside, the highest strike call option is best. Remember when TSLA was going up so fast they didn't even have existing options to match the parabolic gains? Same will happen here. We only have $30Cs now, so these will have to do. + +15 Jan 2021 $30.00 C. + +Also, since we don’t know when GME will skyrocket, this gives you time to capture any squeeze that happens. + +16 Oct $15.00 C. + +This lets you capture more asymmetric upside in case the squeeze happens quickly. + +LAST, and timing is crucial here. ONLY WHEN I get the confirmed signal that the squeeze is happening, I will pound weeklies 10-20% above strike price. Again forcing Kenny to hedge with shares, causing shorts to cover and BUY back, increasing the delta of the call, getting retail and institutional attention, buying more calls/shares, delta hedge, shorts cover, ad infinitum. + +The weeklies have the highest delta, so Citadel will be forced to hedge the most by buying shares. In other words, we’ll get the biggest bang for our buck in squeezing these. + +There is a chance Citadel/MMs switches to buying puts to delta hedge. Like I said, they’re asleep at the wheel for a second, retail will likely ram before they change their algos. + +However, once the squeeze takes off, not even Citadel will be able to stop it. In any case, if they do start to buy puts, we can sell the puts as a bonus. + +Like /u/dlkdev once said, the only way to beat a rigged game is to rig it even harder. + +This is not fraud. There is no manipulation here. We aren’t forcing anyone to do anything. It’s going to happen with or without us. But I want to ride. + +Earnings will light the match, but we can add all sorts of gasoline to the fire. + +I stole some data/ideas from a couple of different articles on Seeking Alpha/reddit/google/youtube. I’m not claiming credit for this trade, I don’t really care. In fact, I beg you to completely ignore me. I even dare you to short GME. I’ll happily take your money. + +**TL;DR: $GME is vastly oversold.** + +**GME is TSLA one year ago. GME is AAPL in 2017. Add to that the greatest short burn you’ll see in history, and you’re in for a hell of a show.** + +Also GME is uncorrelated with the market. It might even be negatively correlated (it was today). It's only worth $500M (3 Bel-Air houses) and fund managers are happy to cut a high risk/low return position. Let your cognitive biases run free. + +Ryan Cohen & Michael Burry if you see this - you better buy as much as you can now. When GME gets to fair value of $26B+, you won't be able to take over the company and kick out the backwards exec team. Good luck. + +**Edit1: $GME missed and tanked. Not much Cohen can do in 1 week. IV is dead and liquidity is still dry. Get cheap calls while you still can. PLAY IS STILL ON. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have 3YOE working at Infosys and I will be going to US for higher education for few years. Im not sure for how long the PF money keeps getting interest after unemployment. Ive read at some place that it stops after 2 months of unemployment and in another place I read it as 36 months. So which one is it? Also since PF withdrawn within 5 years attracts taxes so is it advisable to withdraw it now or should I wait 2 years? And is this all applicable for Infosys PF Trust or it has some different rules? +I read that many of the best performing portfolios are people who forgot they had accounts or had died. For years I buy a bit every paycheque, kinda DCA. I never sell anything no matter how high or low it goes. Over time, Does this method make sense with, what I thought I read? +https://www.cnbc.com/2022/06/01/jamie-dimon-says-brace-yourself-for-an-economic-hurricane-caused-by-the-fed-and-ukraine-war.html + +JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same. “You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added. “You better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.“ +A former user named u/atayls loved to fear monger, and for years was predicting an imminent catastrophic equities and property market crash. + +He was banned from Reddit after having numerous alt accounts, swearing at people, making scores of failed predictions and even threatening to fight women boxing. + +I have collated his predictions to see how ridiculous they look in hindsight, and to help people to see to not take this type of fear mongering seriously. + +These silly failed (and failing) predictions deserve to be exposed- if anyone had actually taken this fear mongering seriously in the last 3 years they would have lost out majorly financially. Following doomsday predictors will ensure you lose money while the markets go both up and down. + +Demonstrated stupidity of atayls: + +8 August 2018- "I'm looking at around Q3 2019 for the US correction to commence." + +22 August 2018- "US equities begin correction at or toward end of Q2 2019. I'm operating on that basis and moving to be 50% cash by then. I would envisage this could spread down here quickly and could well precipitate further steep falls in property, and our economy would then sink into recession." + +1 September 2018- "I bet you... that we have a 50% fall within 5 years. You up for it? My view is that median house prices should be 2-3x median incomes. You can bump it up to 4-5x in hotspots perhaps." + +6 September 2018- "Currently moving to a 50% cash position by Q2 2019 in anticipation of a correction beginning around that time." + +8 September 2018- "Yeah I think this might show some of the property bulls that all is not as it seems. I stand by my 50%-70% correction figures and I think the this data supports my conclusion." + +9 September 2018- "It was 50%-70% in the next 3-5years. So the bet would have to be reflective of that." + +16 September 2018- "I agree with you. 40% is not happening. 50%-70% is the more likely outcome over the next 3-5 years. The median house price in Sydney will be around $500K." + +17 September 2018- "I reckon median house prices in Sydney will fall to roughly 2007 levels in the next 3-5 years. So that’s around $500k." + +24 October 2018- "50-70% by the end of 2023." + +8 November 2018- "I always mention the median house price for Sydney will get to around $500k." + +4 December 2018- "My view remains the same. I have estimated falls of 50%-70%. I think it is headed to 2007 levels at the moment. It could continue to fall further from there. 2001 would be the next level which would be $325K, and would undoubtedly be representative of a definitive crash." + +31 January 2019- "Sell now, rent somewhere nice where you intend to eventually buy, and wait out whilst property prices continue to fall. When you get closer to kid time buy back in." + +1 March 2019- "I reckon that CBA will fall to around $25." + +18 May 2019- "Yeah to get fall 50% I reckon 2-3 years is not unreasonable." + +18 May 2019- "50-70% falls over next 2-3 years as an economic recession strikes and equity markets enter a sustained bear market." + +18 March 2020- "I think we are heading to 4000. If it breaks through 4000 I think there is a reasonable chance that it will fall below the GFC level of 3400." + +7 April 2020- "It could fall 50% if that’s what you mean. But 30% is my minimum estimate. Over the course of this year." + +13 April 2020- "Prices will fall 60-90% over the next 3-5 years. This is our Celtic Tiger failure." + +13 April 2020- "this is the beginning of a cascade of falling prices. The initial falls will be perplexing to some property investors as it is so much again the grain. As the forced sales continue unabated there will be a FOMO effect on sellers, and the falls will accelerate. This is how we will liekly reach the 60-90% falls over the next 3-5 yearts. Anyone highly leveraged should be looking to liquidate ASAP to avoid bankruptcy." + +15 April 2020- "Apartments will fall in value 60-90% over the next 3-5 years." + +16 April 2020- "I regret to inform you that the person I am referring to, the *lunatic* who believes a 60-90% fall is possible, is indeed myself." + +30 April 2020- "I concede we have got to 5600 but I remain convinced this uplift is temporary and we will be much lower than March come December." + +30 May 2020- "Down 20% over next 12 months. 60%+ over next 3-5 year." + +2 June 2020- "December expiry XJO puts would seem OK. Or begin to accumulate BBUS, BEAR or BBOZ." + +16 June 2020- "Rates can go up. Property values can fall. The collapse of the property market has only just begun." + +20 June 2020- "COVID is getting much worse very quickly. This is going to destroy the world economy and cripple markets. Sell everything whilst you still can mate." + +21 June 2020- "The property market crash has begun. Over the next 3-5 years prices will fall at least 50%." + +22 June 2020- "If you have exposure to property sell now, or hedge immediately." + +11 July 2020- "It is a terrible time to be a property investor and it is only going to get much, much worse." + +3 July 2020- "Yeah I’ve been able to DCA into BBOZ BBUS SQQQ and SPXU at better and better prices. When this does blow up I’m going to have a war chest of inverses." + +27 July 2020- "I’ve held BBOZ and BBUS for over 12 months now. I’m satisfied with the performance of he product and it’s suitability to my portfolio." + +8 August 2020- "the beginning of the next equity correcrions start between now and the end of Sept" + +12 August 2020- "the depression has only just begun." + +14 August 2020- "the collapse has begun and it will be unstoppable." + +4 September 2020- "Tech wreck 2 has begun." + +5 September 2020- "I called this crash to the day" + +21 October 2020- "SYD/MEL property to fall 50%. The crash has begun!" + +22 October 2020- "It really is hard to find any positives for property now. The collapse has begun, and it will be brutal. I am pouring one out tonight for the property investors." + +29 October 2020- "don't worry about APT. The DEC 17 100 put will be just fine." + +13 November 2020- "LONG SQQQ SPXU BBOZ SNAS" + +13 November 2020- "Short APT WBC CBA TSLA" + +10 December 2020- "Bro, don't you worry just one bit, APT will be under 90 this time next Thursday." + +14 December 2020- Threatened a female to fight him in a "boxing match". + +21 January 2021- "I’m at hospital right now organising an assistant to help me deal with all the money after this imminent crash." + +1 February 2021- "good time to be holding BBUS and SNAS" + +1 February 2021- "crash, imminent." + +1 February 2021- "Sort of hard to see markets moving higher at present with so much going on and the uncertainly around it all." + +11 February 2021- "APT price target- $0." + +15 February 2021- "Bitcoin is worthless. Bitcoin is headed to zero, it’s not a question of if but only when." + +23 February 2021- "Tech is selling off. $TSLA looks headed for $70." + +9 March 2021- "Buy SNAS. Hold IVR Sell APT (short)." + +17 March 2021- "Bitcoin will soon be worthless. For Bitcoin and Crypto this is the beginning of the end." + +23 April 2021- "Apt price target- $4. Zip price target- 30 cents." + +1 August 2021- "Yeah the crash had already begun and April was actually a strong relief rally which probably sucked in even more people going long." + +2 August 2021- "Engineers are dumb cunts in my experience" + +3 August 2021- Called a number of other people cunts and other insults and was completely banned. + +Fortunately their multiple alt accounts were banned after this. +If you are seeing all of the news and posts all over Reddit about GameStop (GME) and WallStreetBets, but don’t really understand it, I’ve done a bonus episode of The UK Money Podcast. + +I break it down and explain the issue as simply as I can. + +THIS IS NOT A RECOMMENDATION TO BUY ANYTHING. Day trading is really risky and the likelihood is you’ll lose money even with normal shares, let alone when there is crazy volatility the likes of which we’ve never seen! + +[Apple Podcasts](https://podcasts.apple.com/gb/podcast/the-uk-money-podcast/id1540841651#episodeGuid=Buzzsprout-7553593) + +[Spotify](https://open.spotify.com/episode/03ZaZVtadKvQScvz5pKWXd?si=q36sCtlISGKJSSDMU2ptOw) + +[Google Podcasts](https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDkxMjk1LnJzcw/episode/QnV6enNwcm91dC03NTUzNTkz?sa=X&ved=0CAUQkfYCahcKEwjA986nj8HuAhUAAAAAHQAAAAAQBw) + I am a uni student who made some money in the recent GME dramas (about 28k). I have no idea about the first thing about capital gains tax. I'm not asking someone to tell me everything I need to do now, but if anyone could help me out with pointing me in the right direction I would really appreciate that. + +1. How much do you pay on capital gains? +2. Do losses I have made on other trades affect the rate of tax I pay on the gains I have made? +3. If I put the money back into stocks do I need to take account of the gains tax I will need to pay before I do so? +4. How do I pay them? I've never made enough money to go over my tax-free allowance before, so this will be my first time paying taxes. + +I appreciate this may sound very naive but like I say, I really haven't got a clue what I need to do here, so if anyone could point me to some good resources or answer any of my questions I would really appreciate it. Cheers. + +I used eToro and then an ii trading account. +I'm 17 years old and I'm turning 18 the week before I move into college. As of right now, I'm going to college in the same state as my parents but I will be a few hours away. + +Part of the discussions we've had is finances. Right now I have the Florida Prepaid Plan for my tuition and I am waiting for my Bright Futures application to be accepted. I'm confident in my application being accepted because I had a 7.2 GPA along with a 1560 on my SAT along with meeting all of their deadlines. + +My housing at university will cost $12,000 for the first year. My parents have claimed they want to cover it but I am feeling like they are using that to control me in college. By being controlling, they've claimed they will want me to send them my location whenever I am in class and when I am not in class I will have to give them a reasonable explanation as to why I am not in class. They have also threatened to turn off my phone in college if I don't send them my location whenever requested. They also plan on imposing a curfew and enforcing it with me sending my location. + +My problem is I want to begin to cut them off and become independent so I don't have their rules when I am in college. I plan on getting a job when I move to support myself financially so I can afford my own phone plan, gas, and food. I just need a little guidance on where to start in terms of becoming independent from my parents. + +**EDIT** A lot of people are questioning my 7.2 GPA. The way that my county does GPA scales there is an unweighted and a weighted. Unweighted is out of 4 and my GPA was 3.92 due to getting some Bs in HL Biology and HL Physics my junior year. Weighted my GPA is 7.2. IB, AP, and Honors classes give weight. + +Another thing that people are mentioning is that it's their money, their rules. That's exactly what I'm trying to avoid. With my scholarships (Bright Futures, National Merit, University, and Local), I can pay for college for 2 years. My parents want to help pay for my housing and tuition with Prepaid. However, I come back to my initial post being that I'm trying to be independent so I don't have to report back to them whenever they please. I would like to have my own social life in college and not one that is similar to that of my controlled high school state. + +**EDIT 2** People seem to assume I'm *this* ethnicity or that I'm a girl. I'm a 6'4" white guy. Their control isn't in the intention of me being kidnapped or sexually assaulted. +# The GME SEC Data and Hedge Fund Shitfuckery: A Deep Dive + +As I'm sure many of you who have been following the "Counterfeit Shares" theory about the various short attacks on $GME have seen, the SEC publishes lagged data on the cumulative number of Fails to Deliver for every company. If you aren't caught up with the latest info on the counterfeit share theory, take a second and read [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/)'s \[post\]([https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/)) laying out the issue with hedge funds counterfeiting shares and how it relates to GME. Much of the analysis in Johnny's post comes from an article \["Counterfeiting Stock 2.0"\]([http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)) which is definitely worth a read if you have the time and patience to do a deep dive into the evil shit carried out by hedge funds. + +**TLDR of Johnny's post:** Hedge funds create a bunch of stock out of thin air and short it, selling the counterfeit shares on the open market and driving the price of a company down. They then fail to come up with the shares they sold in time, so the "counterfeit" shares are never backed up by real shares. This could be happening on a massive scale with GME, and Hedge Funds could have far greater exposure to GME than previously thought. + +&#x200B; + +**The Data:** + +I noticed that while [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and later [u/Peteskies](https://www.reddit.com/user/Peteskies/) used data from the SEC releases in their posts, the data they actually showed was only a small piece, and lacked very important context. So, with that in mind, I took the SEC Fails-to-Deliver data \[releases\]([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)) for both halves of November and December and the first half of January and took a look at what was going on using some pivot tables. I thought given the sheer amount of data (1.5 million cells) it would be tough to load in Excel but it actually ended up being pretty easy. (probably helped that my day job is just alternately making pivot tables and slamming my head into the wall, I've gotten pretty good at both) + +IMPORTANT NOTE: THIS RELEASE EXTENDS TO JANUARY 14TH, 2021. THESE ARE NOT CURRENT CUMULATIVE OUTSTANDING FAIL-TO-DELIVER LEVELS + +&#x200B; + +**Fails-to-Deliver Distributions:** + +First, take a look at this handy histogram(ish) of companies with outstanding Fails-to-Deliver and their outstanding "counterfeit share" (cumulative Fails-to-Deliver) numbers: + +https://preview.redd.it/6dmfpfql47f61.png?width=1440&format=png&auto=webp&s=bf38fea8f5de2e45b36b48853f4d7afaca8f6c28 + +As you can see, GME is way outside of the pack when it comes to Fail to Delivers, and has significantly more "counterfeit shares" (FTDs) than almost any other company. The exact number comes in at a cool 621,483 shares. The x-axis scale isn't even linear, and you can see significant jumps in the last quarter. + +&#x200B; + +If you think that's some crazy shit, wait until you see the distribution of Fail-to-Delivers per company by the dollar value of counterfeit shares ((Closing Price)\*(# of Outstanding Fails-to-Deliver)): + +https://preview.redd.it/024mdiv147f61.png?width=1616&format=png&auto=webp&s=270fc53a5455994545a864e8b8e9c304b0e57b5c + +GameStop has the SECOND HIGHEST Fails-to-Deliver net dollar value of all 5,147 stocks with current fail-to-delivers (as of 1/14/21). NINETEEN MILLION DOLLARS of stock floating around that was simply created out of thin air. Here the x-axis isn't even linear either — if it were to scale, GME would be several meters to my right. Wild. + +&#x200B; + +**Cumulative Fails-to-Deliver of GME over Time:** + +Moving on to more interesting (and potentially more troubling) data, I took a look at the Fails-to-Deliver values over time for GME. I decided to go back to the beginning of November, then look at every number the SEC had released since on FTDs for GME. This is crucial context for the numbers that have been thrown around by [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and [u/Peteskies](https://www.reddit.com/user/Peteskies/). + +https://preview.redd.it/myt4zxy347f61.png?width=1328&format=png&auto=webp&s=603b5d5f0a623dc0dc9ef0df1f3da05e7361340f + +Now, this one is a lot less clear-cut than those histograms I just wrote about. As you can see, there have been huge fluctuations in the amount of "counterfeit stock" (Fails-to-Deliver) on the market. There is a definite pattern of Hedge Funds running up Fails-to-Deliver during GME surges and then covering once the price slumps a bit. I've talked with one of my sources involved with hedge fund operations, and he said this is pretty standard procedure — when you sell a naked short and the price spikes, you talk it out with your broker and get a few more days to cover. So really, this pattern is more or less normal. It's the stupidly large amounts Fails-to-Deliver that are getting churned that is the irregular part. + +Here's a good spot to bring up my main concern with the kind of analyses that [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and [u/Peteskies](https://www.reddit.com/user/Peteskies/) were putting out. You can see that there were 1.8 million Fails-to-Deliver on GME on December 2nd, but that number was basically completely covered by the 16th. Based on that data it seems at first glance that, for the most part, these reported Fails-to-Deliver are Hedge Funds/Brokers trying to avoid covering while high and simply waiting for the next dip. This data alone IS NOT SUFFICIENT to prove that there is an enormous, market-moving quantity of Fails-to-Deliver floating around the market. Of course, right after this data cuts out, GME shoots to the moon (300+), and I would expect a lot of naked short vendors were caught with their pants down. Maybe they all covered on the recent dips, maybe loads of Fails-to-Deliver are still out there. + +A table with that GME info from the graph above for any lurking nerds: + +https://preview.redd.it/0pj2hh0647f61.png?width=1090&format=png&auto=webp&s=dcf2d64f6777218dece7735075b779fb51e28cca + +&#x200B; + +**Some Questionable Inferences and My Retarded Conclusions:** + +So, what's the takeaway here, other than don't trust everything you read on WallStreetBets? I think there are a few lessons. First, even though Fails-to-Deliver numbers were bouncing all over the place, including being completely covered on 12/16, I think it's important to keep in mind that GME having this volume of Fails-to-Deliver, both in shares and in dollars, is extremely irregular compared to everything else. Could just be the fact that GME is an insane stock with insane volatility,\* or could be indicative of something more. + +*\*Yet, this data is from back before GME became mainstream — GME in December was not an "unprecedented situation" like we have now. Thinking back to then, the high Fails-to-Deliver numbers are even more significant.* + +&#x200B; + +**A Possibility of Hedge Fund Armageddon:** + +I want to take a second to talk about one of the diagrams from the good folks who wrote \["Counterfeiting Stock 2.0"\]([http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)), detailing both the "surface level" indicators of Disclosed Shorts and Fails-to-Deliver, and the below-the-surface hidden pathways that they believed pumped counterfeit shares into our financial system. Here it is: + +https://preview.redd.it/v3io9bj847f61.jpg?width=1086&format=pjpg&auto=webp&s=21d67bbec3d7d4e3b2012b3d51cdaf462ae3318d + +As you can see, the Counterfeiting 2.0 authors believed that Fails-to-Deliver were just the tip of the iceberg. Below the surface (and out of the sight of the SEC), they believed there was a massive volume of shares that had been "laundered," through foreign exchanged, offshore funds, or even gaps in the Continuous Net Clearing system at the DTCC. These stocks, theoretically, go from Fails-to-Deliver to simple counterfeit shares, or even straight to counterfeits. The arguments in the Counterfeiting 2.0 paper go way over my head as a simple retard, but I get the gut feeling at least some of them are accurate. + +If, hypothetically, (please read this part in your best Ben Shapiro voice), the arguments in Counterfeiting 2.0 are true, then it is highly likely that the huge Fails-to-Deliver churn on the surface is just the tip of a massive illegal counterfeit short position. GME BULLS, listen up. If this counterfeit short position does exist, then it was probably entered back when GME was being driven towards bankruptcy, at a share price somewhere in the $15/20 range, and possibly expanded when GME was being driven down below $5. There are actually interesting data to suggest that this is a plausible scenario. First, the fact that, as [/u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) noted a year ago, the market cap of GME was driven below the net value of its assets. Obviously, this happens from time to time, but it's indicative of an extremely artificially depressed valuation. Secondly, the central use of illegal naked shorting is in driving companies to bankruptcy, and it did seem like GME was on its way out. Looking at GME as a scummy hedge fund manager, it would have made a very attractive target for a naked-short dilution attack. + +These illegal short positions, if they were not covered by cautious (lol) Hedgies at the beginning of the GME runup, would have increased 50-100x in dollar value as the share price of GME rose. That's 5,000-10,000% for those who can't do basic math. Now I don't know if this scenario would be enough to crash the market, but it would certainly be enough to make a lot of extremely powerful people (currently engaged in a criminal enterprise) desperate and very, very angry. This hardly needs saying, but rich bastards have killed for far less than a billion dollars. Here, there could be tens of billions on the line. + +So, that's the mega-bull case. We, the tards of WSB, expose billions in financial crime. The SEC rappels into Citadel and arrests everyone, Robinhood goes bankrupt, and all our wives and their boyfriends get filthy rich. However, there is also a very significant BEAR case here. If the regular, everyday investors who wrote Counterfeiting 2.0 were in fact retards like us, then there's a significant chance that they simply got it wrong. Maybe there is no sea of hidden counterfeit short positions, and maybe this whole Fails-to-Deliver thing is just rich assholes using extra trading days to cheaply sell shorts. What then? In that case, I would bet my left nut that all of the outstanding Fails-to-Deliver have been covered in the recent slump, and this whole exciting report is largely irrelevant to the future performance of GME. + +I'm not going to make the case that either the bulls or the bears are right (even though my gut is with the bulls) because I simply don't have the information or mental capacity to make that call. Look at the data yourself, and draw your own conclusions. Retail is facing an enemy with more capital, more information, more experience, and fewer morals. Whichever way it goes, it's going to be an ugly fight. + +&#x200B; + +Positions: 12 shares (Bought 50 at $20, sold 50 at $250, bought back in 12 at $300). I plan to hold until either $4,000 a share or things go to shit. + +&#x200B; + +I am not a financial advisor, and I do not advise any readers to make financial decisions based on my opinions or the information presented in this report. + +&#x200B; + +# TLDR: the cumulative Fails-to-Deliver volume on GME is massive compared to the rest of the market. However, is also extremely volatile, and small compared to the float. It is possible that high Fails-to-Deliver volume is a result of massive illegal share counterfeiting by shorts. + +&#x200B; + +Edit: shout out to /u/zjz for finally approving the post, may you live long and stay retarded! +I’m a 24 year old who just finished their first year of work. In that first year of work COVID scared me and I wanted to build up my emergency fund as much as possible incase I got laid off due to the pandemic. This caused me to not invest over the year in an Roth IRA, I did invest a decent amount in my 401K though. I now feel very safe with my job and even got a huge raise. I ended up taking 6K out of my savings and put it into a Roth IRA I just created. I want to eventually put this money into whatever index Fidelity uses that tracks the S&P500, but how should I actually get this money in the market? One lump transaction or break it up over a couple of months? + +Edit: +Just put it all in a couple minutes ago. Thanks for all of the advice. +[https://www.nytimes.com/2020/12/02/opinion/eviction-moratorium-ending.html?action=click&module=Opinion&pgtype=Homepage](https://www.nytimes.com/2020/12/02/opinion/eviction-moratorium-ending.html?action=click&module=Opinion&pgtype=Homepage) +I work for Walmart and wanted to know if there are any cons to my idea of putting into the associate stock plan. I can put up to $1,800 into Walmart stock and they will match 15%. So if I max this out I would get an extra $270 from the company worth of Walmart stock. + +Is it worth doing this and selling occasionally to add the funds to my actual dividend portfolio? + +Should I wait and only sell after a year to avoid short term gains? + +Could I use the 15% cushion to sell if/when the stock goes down to help my taxes? + +Just looking for some general advice on if this is worth the time and effort. There are worse companies to have a large amount of stock long term in but I don’t want it to end up being a huge chunk of my portfolio because if it fails then I’m out of a job and also out of my investment. Any advice or opinions would be welcome. +What would happen if you put $100 on 100 new cryptos to emerge? It would cost $12 or 13k to do (exchanges, penalties, etc.) and you'd lose it on quite a few of them, but wouldn't it be worth it for the few that did well? Has anyone run the numbers or attempted this? +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) +We have a home we have been trying to get rented for a couple months now. It’s a larger home for our area and has some age. We just finished the rehab on it so it’s pretty nice and priced competitively for it’s size. This is for sure the longest it has ever taken us to get a home rented including a significantly larger one we have. I’m wondering what everyone’s triggers are to begin lowering the rental rate to try and get it filled? Any thoughts would be appreciated! Thanks! +I’m a crusty Gen X oldie. We were spawned from the most selfish generation to exist. So selfish in fact that we are small in numbers and for the most part have been overlooked and ignored. We were the last generation to know only 3 tv channels as children and grew up playing Atari, and Coleco vision which were just boring enough that we played outside more than inside. +I found Reddit before the baby squeeze and have held on to my original shares and bought quite a few when it dropped to 38. I’m only an xx holder cause I run a small business and need every penny I can hold onto after 9/11, 2008 and the Vid. I just gotta say that no matter how the msm and ass wipes paint us we really are the most diverse bunch of sob’s ever. I’ve always felt that the internet and especially social media is a shit show and something toxic to avoid. In this case..... I gotta say home run. A bunch of Apes from around the world who don’t give a shit about where you’re from or who you are. + +Fucking refreshing. + +I maybe an absolute moron, but I’m gonna hold for my family, and my extended Ape family. + +Fuck these d-bags we all deserve a fair fucking shake. It’s time to level the playing field. +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. +Here's a nice softball question for a late Friday afternoon / evening - how many here have intentionally avoided living a fat lifestyle (or lived a fat lifestyle for a time, but scaled back) despite having the means to do so? Conversely, how many here live a fat lifestyle and cannot imagine going back? + +For some context to my question, I (32M) grew up in stealth wealth. I recently started making a fat level income, but I've found that I'm more similar to my parents than I expected - I'm just not interested in moving past my current middle / upper-middle class lifestyle. I like my house, I like driving nice but practical cars, and I like blending in with my neighbors in my MCOL town. The independence / security of wealth is what I find appealing about fatFIRE. I really don't care about luxury purchases and living large. + +Who's with me? Who's not? Looking forward to reading your comments. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Not everyone wants to live in a huge house, even when they have the money to do so. I’m on my way to FATfire but I live in a very small home (1100sq feet PLUS finished basement) with my wife and baby. I like how easy it is to keep clean and I realize we could hire outside help if I had a larger house, but I don’t feel I need all that space. We also really like to travel and would prefer to spend money on experiences. We also don’t have really nice cars. Does anyone else feel this way? +just curious if there is someone who is trading Forex for living ? + +If yes - how do you survive long lasting loss streaks ? + +When you withdraw your money? + +Are you compounding the account ? + +Please I'm asking for real answers only to improve my self confidence :) +I am in my early 30s, I started investing too late, nobody in my family has ever invested in the stock market. After my research I decided to to invest both in dividend stocks and also in growth stocks. Luckily for me few weeks to starting on this, the market tank. I was able to get in on stocks at very good prize +70 shares of NYMT at 1.13 +190 shares of LUMN at 8.8 +40 shares of CTRE at 9.6 +This brought the total shares to roughly $2,135, since I did dividend reinvestment, I just found out that i am making $21.5 monthly. +So I compared it with the growth stocks I started at that same time with about $2000, I have made more than $10k in profit. + +So please for the experienced investors here. I am torn on continuing funding the dividend account when I can use it to increase the growth portfolio. FYI: I have made up my mind am not going to sell those dividend stocks but going forward what are your take on growth stock(I hear people say dividend is for people who dont like risk) and am also aware that the profit is as a result of how well the market is doing. Please leave your advise I want to learn from your journey. + +Thanks +Short percentage numbers on FRIDAY were 75% - for anyone who is new here... + +they sold short 3 out of 4 shares on Friday... IF GME goes up.... they will probably explode... + +If they didn't short it 75% on FRIDAY MOASS might have started - So the crazy shorting we are seeing right now jacks my tits... they are literally pushing the envelope as far as they possibly can - because its all they got... + +Im so jacked for this week.... + +\*\*\*\*\*\*\*I changed the tag to Speculation to appease bad ass trader - apparently this is all bullshit - lmayo + +the dorrito worked out so well... +It seems like prices shrinking would be a good thing for normal people insofar as there's less downward pressure on their budgets. The Central Bank in my country, like every Central Bank, is doing its best to increase inflation however. So I assume there's a solid foundation for this policy? +Let's just remember that the majority of TSLA poll voters (like me) are not even stockholders. Heck, I am not even a USA citizen... Why the majority of random internet users should even decide on such an important matter which will affect the majority of real stockholders? +I saw this posed on a different subreddit and figured it would be interesting to see everyone’s thoughts on the subject. + +I’ll go first: The idea that under no circumstances should you write naked calls due to their undefined risk. + +I don’t recommend writing naked calls for inexperienced traders by any means but with adequate risk management and defensive plans I feel they can be integrated into portfolios in a beneficial way. +In his 1996 shareholder letter, Warren Buffett wrote about the underperformance of active investing. According to Buffett, he believed that he is an intelligent investor because he has the patience to be inactive. While most managers and asset allocators are trading their winners because it has gone up a lot or because it has become too large of a portion of the fund, Buffett simply holds and lets his winners ride. + +The analogy that Buffett used was one from basketball. From Buffett: + +> To suggest that this investor should sell off portions of his most successful investments simply because they have come to dominate his portfolio is akin to suggesting that the Bulls trade Michael Jordan because he has become so important to the team. + +It seems that Cathie Wood is falling prey to this exact problem. She is selling her winner in $TSLA to buy other beaten down stocks because they have some form of innovation or potential that the market is currently missing. This approach works...until it doesn't. + +Happy New Year to All! +I am fatFI, though not as fat as some others on this sub. I have always had a strong career drive, but lately it has just fallen off a cliff! I am 41 and still working, but I can't seem to get motivated to do anything at work. I make more passively than my total comp at work at this point. + +I am in a weird funk. The world makes less sense to me everyday. Maybe I should stop coming on reddit, twitter, etc. Everything is so toxic. I don't know why I should work to make something better...why bother? Definitely nihilistic vibes over here! + +I am starting to accept that I might be "done". At 41 that is kind of scary to me. I'm trying to focus on other goals (getting in better shape, family etc.) to keep my ambitious side alive. Does anyone here relate to this? Any advice? +I find the following to be true: + +* Parity are a crucial component to the Ethereum dev ecosystem +* It is within everyones best interest to see a healthy and productive relationship maintained between Parity and the wider Ethereum community +* A hard fork - to restore a functioning library contract and allow the availability of funds in affected multi-sig wallets - is at this point seen to be highly contentious with a high probability of causing a network split. This would be undesirable ([avoid evil twins](https://medium.com/@avsa/avoid-evil-twins-every-ethereum-app-pays-the-price-of-a-chain-split-e04c2a560ba8)). + +Seeing the above to all be true, I have started /r/FriendsOfParity to explore non-hard fork solutions that might be acceptable to both Parity (and other affected parties) as well as the wider Ethereum community (if any exist). + +Also, fyi there is an on-going [coin-vote over EIP 999](https://www.etherchain.org/coinvote/poll/35). + +**Meta** + +Don't think this should be a sticky? [Support decentralised moderation](/r/recdao). +RBI gave an official statement. https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=43574 + +read point 13. +For your information RBI is the central bank of india and controls and regulates all banking policies in india. crypto to fiat exhanges to close their operations. +Studying forex for over a year and ive been trading real money for like 2months. I’ve been keeping my risk low for the first month trusting my system down to the wire made 3,5k on a 15k account then volatility really hit. I truly believed in tge recession so i cought the aud swing pretty early and made 11k, but i was still following my system( scaling out, not adding to much to trades) + +Might of got to my head those numbers cuz yesterday caught big swing down on the aud and the de30eur ( over leveraged by accident but payed off) so what did i do when my profits were at 12, i double dipped shot down to 16k and i did the same but by the time it hit 18k it shot up quick after that. + +Seeing my it hit 16k didnt phase me, i was just thinking bout future profits after retracement +12k startled me but i believe in the recession and the aus going down, didnt realize how much leverage i was using and it didnt need to go all the way back up to loose all profits. So i continued believing it would go down and i was chasing my profits looking at mt4 for 6hrs straight until i pulled out with 1.5k made that day. + +Even if im positive, i feel like shit just down af, i couldve of pulled out a 12 k but instead removed my stop loss. +Im going to take this as a blessing tho or atleast try to i knew it was that much would be unsustainable just lucky i didnt go negative and damage my account. + +Forex is truly crack cocaine, pls dont be like me +Just a rant. + +If you are going to give some bold advice to people on this sub. At least state that you’re a consistently profitable trader. + +We don’t need anymore re-hashed advice taken from Forex YouTube videos that provide everything about what you need to learn in FX except how to actually make consistent profits. + +It really isn’t fair for the people asking for advice. +I've made previous posts & comments about how the overwhelming majority of retail traders are basically fucked from the get-go. But what's the #1 reason almost all of you will lose money over time? It is because you are trading with money that you can't afford to lose. + +The barriers of entry to trading Forex are unbelievably low; combine this with the leveraged nature of this market, and it is easy to figure out why accounts get blown up so often. + + +If you take a loss in trading, and you immediately think "well... there goes my phone bill", or "that was my groceries for the week" then you're doomed from the very beginning. That instant emotional attachment to money makes it impossible to consistently make the right decisions. Likewise, if you find yourself thinking about what you will do with all your future profits, you're already screwed. +I'm going to let you guys in on a bit of a secret. This is from someone that has been in this Forex game for over 8 years now, and has traded professionally at financial institutions for short stints. + +&#x200B; + +What you know about risk reward is probably why you've been losing money. + +&#x200B; + +The common knowledge is this. Use a 2:1 or higher risk reward because that way you'll make twice the profit when your right and half the loss, thus you only need to be right 33% of the time to make a profit! + +It SOUNDS good, but actually there's a fatal flaw. + +It has everything to do with market noise. Market noise is generally a lot larger than most people realise. I'm willing to say anything less than a multi-day time frame is almost dictated by market noise most of the days. + +Market noise can either be your greatest ally, or worst enemy. You can never predict if the market is going to go up, or down.. but you can almost be 99% sure that the market is going to by noisy. Most of the time VERY noisy, up down. + +Here is the kicker: + +When you setup a 2:1 trade. You are effectively making this bet: + +"I bet you that the price will hit X.. BEFORE it hits Y." By making X twice as far away as Y.. you are effectively betting against the STRONGEST and MOST PROBABLE force on the market.. market noise. + +&#x200B; + +In order to win a 2:1 R:R trade.. you not ONLY have to be right about your underlying trade idea. You actually have to HOPE that the market noise won't cuck you out of a profit. i;e You are betting AGAINST market noise. + +&#x200B; + +So how can we thwart this demonic force? + +I'm going to say something controversial: + +&#x200B; + +1:1 Risk:Reward trades are hands down the BEST ratio to use on anything less than the daily timeframe Why? because your just as likely to get fluctuated into a profit, as you are into a loss. Over time this cancels out and what your left with is purely whether or not your strategy is profitable. + +&#x200B; + +Most strategies ARE in fact profitable. Fibs, cup and handles, all this junk. They are >50% win rate. The problem is people use greater than 1:1 R;R and end up getting fluctuated out of 70% of the trades. + +&#x200B; + +&#x200B; + +So moral of the story: + +Use 1:1 Risk:Reward. The reason why most people dont make money in Forex is because most of the marketing and educational material spew crap about 2:1 R;R or 4:1 R;R. There is a place for that kinda R;R and it's the monthly timeframe. + +' +https://finance.yahoo.com/news/berkshire-profit-climbs-record-buffett-120912867.html + +(Bloomberg) -- Berkshire Hathaway Inc.’s operating profit jumped 14% to a record as Warren Buffett’s conglomerate saw gains from its railroad and got some long-awaited earnings from Kraft Heinz Co. + +Operating earnings climbed to $7.86 billion in the third quarter as investment income rose and Berkshire’s reinsurance group had the first underwriting profit in more than a year despite losses from a Japanese typhoon. Revenue climbed 2.4% on increases from the company’s insurers and manufacturing businesses. + +The results pushed Buffett’s cash pile to a record $128 billion, even as he completed a $10 billion investment in Occidental Petroleum Corp., his chunkiest purchase in more than year. Aside from that deal, Buffett was a net seller of stocks in the quarter and bought back less of Berkshire’s own shares than some analysts expected, raising more questions over how long the legendary investor will wait to use his dry powder. +First off shoutout to this subreddit for putting me onto SCHD. But I got one question for people with 100+ SCHD, do you guys sell covered calls on it? If so what is the benefits? If not what are the downsides to it? +So, after much deliberation and DD, I finally made the call to dump about 70% of my popcorn stock that I've held since early 2021 and dumped it all into GME. My total shares count took a huge hit, which freaks me out a bit, need some reassurance I did the right thing! I just like the stock, but always second guess myself... +I have a couple of businesses that are quite profitable. I can invest around €2000 per month for retirement/long game but I have no idea where to start. ETFs? Stocks? Bonds? I'm even thinking a small percentage of it in Bitcoin as a hedge. + +How would you personally invest €2000/month? + +p.s - I have no debt, and a 6 month emergency fund covered already. + +Edit: I'm in Portugal +GameStop launched its beta NFT marketplace yesterday and blew past approx. $1.7M in transactions, and that's only considering the top 25 collections on the platform. NFT's up for trading currently range from images, gifs, 3D models, music, and TV shows. This is just the beta state so what's up on the marketplace is quite limited. It's still surprising how much volume was achieved already, most likely due to the hype surrounding its first day release. + +I don't see any games on there yet, but I suspect these are forthcoming once GameStop patches up the bugs and the marketplace is out of its beta state. It's part of GameStop's roadmap with its partners it is a thing, just a matter of when. What I'm super curious about though is what kind of content is possible outside of the gaming and art scene. + +Hoping for a legitimate discussion about the long-term success of GameStop's marketplace and what that means for the stock. I mean, the website looks pretty sleek and there's some really cool and really stupid content on there, but seems like there is potential if popular brands start jumping in and releasing exclusive NFTs. + +https://nft.gamestop.com/ +While traditional exchange-traded funds (ETFs), Cryptocurrency and Stocks dominated the market in 2021, a handful of boutique investment firms have begun offering thematic and sector-specific funds for young investors. That's why I feel pressured because some people who are the same age as me are doing well with their investments already. + + +I want to start putting money in ETFs, stocks and cryptocurrency because a lot of my friends have made good returns this way. The problem is that I don’t know where to start.They are suggesting that I should use [Trackinsight](https://www.trackinsight.com/en/?r=1), and [Tdameritrade](https://www.tdameritrade.com/why-td-ameritrade.html?cid=MIXSTNFIN%7C6244049%7C315659119%7C67442974&dclid=CIe2tZnA9PQCFcPKTAId3a4CLQ) to help me in my investment journey since I’m a newbie. They said these apps can help me choose where to invest my money. +It appears to me that asking for investing advice is like walking through a jungle so I would really appreciate hearing some thoughts from the more experienced people here. +Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company confirmed. + +The announcement ends a weeks-long saga Musk kicked off when he disclosed a large stake in the company. Soon after, the company said he would join the board, only for Musk to reverse course on that plan several days later. Then, he offered to buy the company at $54.20 per share, his “best and final.” That offer valued Twitter at about $43 billion. + +Link: [CNBC](https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +UPDATE: There was a meeting last night, apparently. time line is sign contracts in 2023, move in 2024. + +hey. little background before i get into it; i’m 24, the house i live in is paid off (parents house), i’m the owner and i live alone (parents moved). i got a letter a few days ago stating that a company wants to buy all the land on my stretch of road, and they’ll be paying homeowners between $910,000 to $1,000,000 per acre. i live on 3.6 acres and i’m about 20 minutes from DC. i think the current estimated value for my house is about $850,000 (parents got it for \~$290,000 in the early 90’s). there’s a meeting regarding it ~~in mid april~~ on 5th april that will be between the company and the community. + +the letter feels kind of surreal to me as i never ever thought this would happen to me. and the dollar amount sound insane, especially considering some of my neighbours live on 10 \~ 15 acres. pretty much everyone that i talk to in my community has said they’re highly interested and they got the same letter. + +what kind of questions should i ask at the meeting? what key points should i look out for? and, if i do get paid, what the heck do i do with all that money? +Are u guys pumping more money into your investing accounts to buy more shares? Or taking a pause Cos the markets are free falling and then start buying when u see sign of life? +Thanks! +I recently had surgery which apparently required a surgical assistant. Throughout the whole surgical process, x-rays, MRI, pre op appointments, the hospital confirmed each procedure was covered by my insurance (Aetna PPO) before allowing me to schedule an appointment. The surgery was no different. The hospital, surgeon, and anesthesiologist are all in network and covered. + +A claim from the surgical assistant was submitted to Aetna - $13,700, to which Aetna agreed to pay $118 because the surgical assistant was out of network. + +I have two issues with this. First, I was under the impression that surgical assistants performing work in an in netowrk facility under the direction of an in network doctor would be covered as in network. Second, I had no choice in who the surgical assistant was, didn't even know I needed one until the surgery. Since I had no choice in the matter I couldn't tell them to make sure the guy was in network. + +What are my options to get this bill covered as in network? I contacted Aetna and they said a surgical assistant is covered under their plan, but said they would need to investigate whether or not this specific specialty was on their approved list. + +Has anyone else had experience with this issue? + +Thank you. + +EDIT: I have gone through the responses and provided some additional clarification to some of the comments. I appreciate the help and insight people have provided. I will post and update in 3-5 days based on what Aetna says about resubmitting the claim. Ultimately, this is a frustrating time and it seems like no matter how much prep you do, there is always something that will slip through. I just wish there was more transparency. I could have been more questioning about who was going to be involved, but honestly when I was wheeled into surgery and saw 12 people in there I was surprised. + +EDIT 2: Thank you to the people suggesting I go to my company HR representative. She informed me that this exact situation happened with another employee just a few months ago with the same hospital. She was able to get that one resolved and fully covered so she will attempt to do the same with mine. +Hello Apes! + +Another ape and I had it in mind to post something like this once again, so here we are! The last time received pretty good reception and seemed to be good for alot of apes, and I'm so glad for that. Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the conduit as the user would prefer to remain anonymous. + +---- + +PLEASE DONT LET THIS GET BURIED IN THE HYPE AND RC TWEETS! I hope everyone enjoys their evenings and whatever may be in store, but lets take a minute to make sure that our fellow apes are good! + +Like the title says, I can't believe it's already been over one year of our little sneeze (shorts still haven't covered/closed! Still here holding strong. + +I think today is as good as any day to see if everyone doing okay? Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is mo reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. + +No one or there family should be without. We're all family here. Even if this helps a few people then it's been worth it. + +---- + +I'll add my own TLDR: + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in a specific area, hopefully you can find someone/people to help you not matter where you and they live! Cheers everyone 🍻. + +Use your gut and ape help ape! WAGMI +As the title says. Keep the chins up apes! I have a very sneaky suspicion GME has sold all their shares today at market value and this explains the continued slow drop in price. Super bullish for tomorrow as we are definitely oversold at this point and due a nice gap fill up. + +I couldn't be more bullish on this stock, bring it back to 50 Kenny and watch everyone quadruple down. Its inevitable at this point. I have big hopes for a big announcement at E3 aswell. + +Buckle up apes, it's going to be a very bumpy ride, I'll see you all on the moon for sock cocktails. +&#x200B; + +https://preview.redd.it/db3gwe6a8ra71.png?width=1600&format=png&auto=webp&s=2d2d091c18880042651da993dabaeecf2cfde7c7 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/gy7xdicc8ra71.png?width=680&format=png&auto=webp&s=448e0b53f2e409b0bb910d912e32b96354f6a836 + +&#x200B; + +[me coming back after a few days only to realise everything is lego's now](https://i.redd.it/7elpz8qm8ra71.gif) + +&#x200B; + +The exponential floor + +&#x200B; + +[credit to u\/jth1](https://preview.redd.it/03525w9c9ra71.png?width=16384&format=png&auto=webp&s=7021fa33b433fbfcd865538be5e92893716c6bd1) + +The exponential floor seems to still not be on track, not sure on how or when a new theory is going to bring itself forward but it seems interesting nonetheless imo + +# Toroso Investments LLC Makes New $923,000 Investment in GameStop Corp + + + [https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html](https://www.thelincolnianonline.com/2021/07/10/toroso-investments-llc-makes-new-923000-investment-in-gamestop-corp-nysegme.html) + +The site in and of itself is looking off imo, and as u/ammoprofit posted in a comment on there: + + +> +> +>SEC Filings since January 1st, 2021: +> +>[Toroso Investments, LLC (CIK 0001600064)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001600064&startdt=2021-01-01&enddt=2021-12-31) +> +>[2021Q1](https://www.sec.gov/Archives/edgar/data/0001600064/000110465921067398/0001104659-21-067398-index.html) and [Holdings](https://www.sec.gov/Archives/edgar/data/1600064/000110465921067398/xslForm13F_X01/infotable.xml) lists 4,864 shares at $923 (thousands). lists ENVESTNET ASSET MANAGEMENT INC. +> +>[ENVESTNET ASSET MANAGEMENT INC (CIK 0001407543)](https://www.sec.gov/edgar/search/?r=el#/dateRange=custom&entityName=0001407543&startdt=2021-01-01&enddt=2021-12-31), but they have no GME. +> +>Takeaways: +> +>The purchase occurred in 2021Q1, for an average share price range of $189.67-189.86. (±$500 in total share value because of rounding.) +> +>The timing is weird on "finding" and releasing this data. We tend to follow the money to investigate relationships. Reporters tend to time their releases. These are different parts of the same elephant. +> +>There is an invalid CIK on Toroso's two most recent 13F-HR forms. +> +>Previous 13-HR forms included two CIKs: + +|13F File Number| Name | First Seen Filed Date| +|:-|:-|:-| +| 028-17968| Amplify Investments, LLC| 2019-02-14| +| 028-13818| CSat Investment Advisory, L.P.| 2019-08-15 | + +&#x200B; + +>I would check those two. + +So even if this information is spread please be sure to check out the source and not take everything for granted, this could be real or it could be bullshit for all we know, so for now take it with a grain of salt 😉 + +&#x200B; + +https://preview.redd.it/z9m7rsw1cra71.png?width=494&format=png&auto=webp&s=c123f019cb225e74bb574a55f69f482993d0c4a2 + +# Anti hype sentiment + +Ok let's do a little one on this, first of all I've been seeing a lot of people from Gme\_meltdown come over and complain how everything is a let down and everything is bs and bla bla fucking bla. + +Lets make a few things clear. + +1. no dates are set in stone +We don't know when it will happen but we can be excited because we believe it could happen around specific dates +2. Shorts have not covered +3. Gamestop Corp is working with the SEC +4. They have been turning the company around, this takes time. +5. They've introduced new rulings to make shorting harder +6. There are currently somewhere between 80 and 100 million shares in the option chain. + +Ok so knowing that lets look at something simple, Delayed Gratification, this takes time and if you're not used to doing the most simple fucking thing ever I feel for you son, but I got 99 problems and patience aint one. + +Seriously it's simple, Buy hold wait till it goes pop, that's it. + +So... "I'm tired" "this needs to end" "this is blablabla", if all you can do is complain about other people beeing excited or looking forward to a certain week, just look away. +