diff --git "a/reddit_finance_43_250k_119.txt" "b/reddit_finance_43_250k_119.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_119.txt" @@ -0,0 +1,10000 @@ +&#x200B; + +https://preview.redd.it/fyrhk3d9cra71.png?width=599&format=png&auto=webp&s=537461ee680fe8b878c4f128cda9b715a56cad29 + +So lets keep it simple + +I can be excited to see what comes this week, but at the same time remain realistic about what's going to happen. + +So lets take the 14th as an example: + +We have been looking to the 14th as a date that something will happen, because of the Crypto data (which is now been debunked by the lead blockchain, to be part of the upgrade to Etherium 2.0) + +But we looked forward to the 14th, due to the crypto date, and the tweets. +I'm excited to see what may happen, but at the same time I'm realistic and expect nothing to happen, because if something does happends I'll be ok, and if the moass starts I won't be taken by surprise. + +&#x200B; + +What I personally believe what may be happening this week: +The new rules have been put in place to overlook the hedgefunds, and make naked shorting/selling harder to do. +So all the puts/calls expiring on friday they'll have to try and kick the can again, but this is the first time with so many with the new rules, so the SEC is just looking at this and checking how it will happen, how they can kick the can further, then they'll patch the holes and perhaps take action? + +who knows, either way I'm jacked for the week. + +&#x200B; + +https://preview.redd.it/t2xm4o97dra71.png?width=582&format=png&auto=webp&s=ec1b8ebf485d613d3feb4976637e9ea74543d6cc + +# Gamestop Blockchain + +Jordan Holberg made an article on his work on wizards of the coasts (magic the gathering) and how stuff like NFT's work great for this. + +[https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg) + +Also because we've had some people say you couldn't combine actual physical products with NFT's, I present to you.... THE DODGERS + +[https://decrypt.co/75645/los-angeles-dodgers-auction-nft-physical-world-series-ring](https://decrypt.co/75645/los-angeles-dodgers-auction-nft-physical-world-series-ring) + +They're offering an NFT with a Physical world series ring.... now how could this be used in gaming.... oh yeah. + +Also our in house u/Dismal-Jellyfish has made a thread about it [here](https://www.reddit.com/r/Superstonk/comments/oi6lhy/nft_economy_update_a_deeper_dive_with_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/nx895dphfra71.png?width=554&format=png&auto=webp&s=e3a5bd1719b058b449e122fcc523c671db943a51 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/higiqtzjfra71.png?width=400&format=png&auto=webp&s=819e268f01b58b73864e7689db8361faf84d385e + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\------------------------------------------------------------------------------------- + +I know this one today was a bit different, I'm currently sick and don't have loads of energy atm, I'll try to stay updated and make a better one again tomorrow +My husband and I are in our mid-thirties at a very HCOL city and on path to fatfire. + +We just had a baby a few months ago, and our priorities have suddenly changed. Our baby has had some (minor) health issues, and it's been very challenging. We have no family support in the HCOL city and a few friends, the few friends we do have live farther away or are also super busy juggling family life and work. I look at my friends and coworkers with kids, and most of them seem miserable. We are burnt out from the grind, and lonely. + +So we have decided to move to Canada, where I'm originally from. + +In Canada we will be able to afford a large home, childcare will be partially free (family), my child will be surrounded by family growing up, healthcare is free. Maternity leave is up to 1.5 years and I'll be able to have a second child and spend much more time with my children. Schools are good and the city is extremely safe. + +That being said we will be giving up very high income as our current jobs will not allow us to relocate. The job prospects in this Canadian town are not great and wages are significantly lower. It will be very cold. I would estimate that our income will be reduced by at least 60%. + +Our mind is essentially made up as it feels like the best thing for our family and child, but curious to know if other fatfire folks have considered giving up their high paying jobs for a potentially better quality of life at a LCOL area? How do you weigh these other quality of life factors vs. money? +My dad left my mother in huge amounts of debt when they divorced, and she's never really financially recovered. I'm in my early-mid 20s, and save every single drop of cash that comes my way into creating financial independence for her. She's in her early 50s at the moment, and, according to her job/pension, should be working until 70. I'm doing everything I can to set her up for a much earlier retirement, even if it involves living on a very small amount of money for myself. I know I can make money for myself later, but I can't undo 20 years of being married to my father for her. At the moment she's debt free (!!!) and her ETA for early retirement is 5 years (or about 12 before the state thinks she should retire). That sets me up to start working on my own financial independence just before 30. + +Does anyone else do this for/prioritise someone else? I'm curious to know who else is out there - and if you have any tips? +I pulled the FIRE trigger today and gave notice that my last day will be June 5, the day before the twentieth anniversary of my high school graduation. I had to call my supervisor and notify her since we rarely see each other. She wasn’t shocked, as I had briefly mentioned a few months prior that I was financially independent. She asked if there was anything that she could have done differently – there was not. She asked if I was retiring or if I had something else lined up. I just said that I was not submitting an official reason, but we could meet up if she wanted to hear a long list of personal reasons that I drafted. She didn’t seem at all interested. I wasn’t exactly a model or valuable employee. I wasn’t thanked for my twelve years of service, or for the fact that I never missed a day of work. Five minutes prior to the phone call, my wife finally admitted that she was glad I was quitting. This was something I already knew, but was always sidestepped and avoided upon questioning. This had to be my decision. And it was. + +I previously posted my story about my FI journey, but here’s a quick summation since there will inevitably be questions. I have been with my wife since 1998. We got married in 2007 and have been single-income for 90% of the time with no kids. I graduated high school in 1997, college in 2001, and pharmacy school in 2005. I entered the workforce on August 15, 2005 in a tough retail pharmacist career that I cared nothing about. Realizing before I ever began that I didn’t want to do this for the rest of my life, I resolved to spend at a level that matched the standard of living from my youth so that I could retire before turning 40. I didn’t even know that FIRE was a popular thing 18 months ago! + +My salary plus benefits started at about 115k/yr and ended at around 150k/yr. My spending started at around 30k/yr in 2005 and ended at around 38k/yr in 2017. I estimate that my average savings rate was 70% for nearly twelve years. I was fortunate to have some scholarships, as well as parents who supported me. The current bull market has also been of enormous benefit. I made a lot of good decisions and a few bad ones. From 2005-2011, I maximized 401(k) and IRA contributions every year while the balance went to paying off real estate. Our house, land, and personal property were fully paid off for around $250k and have since appreciated to $400k. The 401(k) and IRA contributions were a mix of VSCIX (small cap) and VFIAX (S&P 500) but were moved entirely into VSCIX near the bottom of the market in 2011. + +Once the house was paid off, and after the 401(k) and IRA contributions were made each year, leftover funds from 2012-2017 went into a mix of VFWAX (international stocks) and VWLUX (US municipal bonds) in a private Vanguard account. My future AA will be 60% VTSAX (total US stock market) / 20% VFWAX (total international stock market) / 20% VWLUX (US municipal bonds) or perhaps 40/40/20 (I have yet to decide). My current spending of 38k/yr will drop back to 30k/yr as a direct consequence of retiring (3k less on health care from some tenuous ACA subsidies, 1k less on flexible vacation spending, 3k less on eating out, 1k less on fuel consumption, 1k less on homeowners insurance, and 1k more on entertainment). + +Once everything is settled, investments will total approximately 1.03M for a SWR of 2.9% (a drop to 1.9% if wife keeps her part-time hobby employment, a rise to 3.4% if she quits and the ACA subsidies disappear) but I might opt for a 3.0% SWR so that I can increase withdrawals from 30k/yr to 31k/yr. All of this works out to about 620k across retirement accounts entirely in VTSAX with 410k in private accounts as a mix of VWLUX and VFWAX, in addition to personal property worth 400k for a total net worth of 1.403M. + +Although I stand to get 10k/yr from SSI, perhaps 500k in inheritances, supplemental income at some point, and a not-too-far-fetched possibility of national healthcare or UBI, I don’t assume these. As far as life after retirement, I have many hobbies, interests, and goals to pursue, so I won’t be bored. Returning to some compensating endeavor far into the future is also likely. Finally, I want to thank this subreddit for having so many members willing to offer input, encouragements, and criticisms that helped me out tremendously in the past few months. +Hey guys, me again again, your friendly neighborhood Spreadsheet dude and I know, I know, I only released V2 3 weeks ago but I promise this update is worth ever penny!! + +First of all, Happy mother's day to the mothers in the group,Second of all,Just like my last post and the post before that I'm sure many of you already have some alternative tool you use but in case you don't I'm making this available for you all to use. For information on the previous iteration [click here](https://www.reddit.com/r/AusFinance/comments/mt7cp7/simple_budgeting_investment_frequency_and/). + +# What's new? + +I added some cool stuff this time, the formatting is way better (finally moved each tool onto it's own page) and I even got over my fear of historical tracking thanks to tips from this and other subreddits so big thanks to those guys. Some custom script is used to create a single but 'Archive' button that you can press each month and save the current state of your finances to track over time, press it once a month after updating the table and you've got yourself a handy dandy net worth tracker. Even better, the data generated is used to automatically create an asset class breakdown and also create a nice graph showing how your worth increases over time. + +The way the data is collected makes it super easy to change/correct whatever you need to and also to set up different charts tracking different aspects of your portfolio, aiding this is a cool new feature on top of the archive script which is custom field tracking, built into the spreadsheet is the ability to track two custom fields over time so that you're not only limited to what I think is important to track, obviously you could always just edit the sheet to change it anyway but this makes it simpler for you (you're welcome) + +# The Catch? + +Now, unfortunately I had to remove the Cryptofinance integration for the real time crypto prices because they limited your amount of API calls (made a bunch of errors if you exceeded it) and I'm not purchasing a subscription, so if you did want to re-add it, take a look at V2 and just change the formulas back but for now I'm using the Google Finance API to check the crypto prices. I personally don't touch cryptos so it's quite likely that if you're in that space you'll know of better tools to track prices than I do anyway + +&#x200B; + +If you spot any mistakes or have any ideas, shoot me a message and I'll get right on it, also, + +# Please don't request access to the spreadsheet, that's my master copy, copy it to your own Google drive and you will have edit permissions there. + +[As with before, I'll continue to update/iterate on this with new features as you ask for them or I think of them (promise there will be more time between versions in future). I've added explanations where I thought it was necessary, just like last time I appreciate any and all feedback/thoughts. Important to note that because of the live data integration this is strictly a google sheets only tool (at least for now) but I'll look into fixing it for Excel in the future.](https://docs.google.com/spreadsheets/d/1OW84XMTdSx4-dwkUB6VGSgjSdi_Ty4oKKAide7UZWt0/edit?usp=sharing) + +Do whatever you want with it, modify it as much as you want, so long as you don't commercialise it or pretend you made it I really don't mind what happens :) + + +\[Edit : Many thanks for the silver, hope you find the spreadsheet useful\] +Writing a blog post for our community of value investors because I believe that value investing is not dead and will never be. Have an opinion about it +I would like to hear our community of value investors chime in about it and tell me YOUR POINT OF YOU about why value investing is not dead. +I often see posts here that say something like “I paid off a loan and my credit score dropped X points! What gives?” And in the original post or the comments, more often than not the score in question is from CreditKarma. But here’s the thing: CreditKarma scores are hardly ever used by actual lenders to make decisions; pretty much only FICO (Fair, Isaac & Co.) scores are. CreditKarma scores have many of the same “ingredients” as FICO scores, but the mixture usually isn’t quite right. + +The model used for CK scores is called VantageScore 3.0; you can think of it as a slightly “off-brand” credit score that lenders don’t typically care for. I wanted to talk about some of the more glaring differences between Vantage and FICO scores – if you’re applying for credit (and not just monitoring), having “the real thing” is helpful. You might eat Kraft American Singles on a sandwich at home, but you wouldn’t bring them for an hors d’oeuvre at a wedding, right? + +* 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 +So I was at the bank simply depositing some cash into my account. It wasn’t much either just a pitiful check from my dead end job. They made small talk with me and were friendly. The bank teller randomly asks me if I were interested in taking out a small loan to purchase a car or something. They asked me for my credit score and once I told them my horrible score their entire demeanor changed with me. They were no longer talkative with me and I could sense that they wanted me to leave as soon as possible. They specially told me “we don’t accept scores that low for any loans. Sorry”. They started looking at me as if I were a criminal and as if I had murdered someone. They gave me cold and judgmental stares and I immediately left because I couldn’t take it anymore. It’s insane how just being poor makes people view me differently. +So here I am, after several months reading and learning, with a couple questions. + + +About me: I am a 28yo male from Spain, single, no kids, now living in Germany. I moved here to live with my GF, and because the working conditions I had in Spain were totally excruciating. + + +I have no professional studies, just the obligatory education which is up until 16yo. I dropped out and started studying Canine ethologism when I was 18yo. + + +I suffered from drug addiction from my 13's until my 22's, so I couldn't develop any ''regular'' life skills and needless to say, I received 0 economical education. + + +I’m working now as a delivery guy for Amazon, earning 2.3k € Brutto which equals around 1.700€ netto (-26% on taxes...) + + +I pay 411€ of rent every month (all included), 200€ on food, 70€ on tobacco, 200€ social activities, 50€ phone... so at the end of the month I finish around 800€ positive. + + +I’m studying now through freecodecamp.org some programming on my free time because I want to scape from slavery, body killing jobs, and focus on my interest in technology, far way more rewarding. + + +I can invest 10 hours weekly, 20h maximum counting weekends and I feel it will take me eternity to get the knowledge and confidence to land a junior position. + + +I have different options: + + +- Keep doing 40h week at amazon + 20h studying. + + +- Get a loan, live frugal and spend the next 6 months studying full time. + + +- Start a Dual Studium/Ausbildung in a tech related company. + + +How would you shorten the transition period? + +I’m open to get new ideas or some feedback from people that experienced a career change. + + +It’s my first time (due to my past) that I will test my limits on a lot of different aspects, and I can’t get advice anywhere around me. + + +Also, in the case that I finally don’t change nothing... should I build an emergency fund? Do it 50/50 investing small amounts? + + +Kinda lost! + + +Tl;dr: No professional career, going into tech, looking for advice on the most suitable way to proceed. + + +Edit: I want to thank EVERYONE in this post for taking the time and sharing their opinions and experience. It cleared my mind, just thank you all! +This post is particularly for those who have little to no idea about Market Cap. + +People new to crypto often fall prey to the shillers offering millions of tokens at just $10 or so. The boom of dogecoin and it's peers have just added fuel to the sale of memecoins which are often scams or rugpulls. Even if they aren't, that doesn't mean it's a good investment. + +The value and room for growth of any Cryptocurrency is determined by it's Marketcap. The market cap of a token is calculated by multiplying the value of one coin into the total supply of the coin. + +If a coin has the value of $0.0001 a piece and the market cap of $100 billion and you buy a million tokens thinking it'll make you a millionaire someday, you are WRONG! +This token will NEVER go to $1. For it to reach $1 the market cap of the crypto would have to be $1 Quadrillion Which is IMPOSSIBLE! Even Bitcoin, the OG, doesn't have that marketcap. + +That being said, while checking the marketcap is important,if the token is deflationary you should check the minimum supply it will have in the future and then calculate it's highest possible growth. + +If there is something I need to add or correct, please comment it. + +Edit: Market capitalisation is obviously not the only criteria which can help us determine how much a coin's value can grow, but it is a good place to start. There are plenty other things such as total supply and max supply of tokens, fully diluted market cap, volume etc. +One should always read the token's whitepaper to find all the details, check social media handles of the dev team and the official handle of the token (if they have any). +I am sixteen years old and starting my first job. Its $10 an hour and I have virtually no expenses other than some money for gas here and there, since I live with my parents. I have already invested a lot of my money, but I want to know, what should I start doing with my money, or what are some things that people wish they would have started doing at my age. +I have been paying half of my partners mortgage, utilities and upgrades for four years. He has owned the house for five years and did not purchase the home with a down payment. + +He is refinancing the home for a shorter term and is expecting me to continue paying half the mortgage(which will be higher than I am currently paying). + +He does not want to get married, nor does he want to put my name on the title. He also doesn’t want to move and purchase a house together. + +I am starting to get nervous about my long term financial security. + +What should I do? + +Edit: Currently, half rent estimate is about half the mortgage. +I'm 25F and my boyfriend and I would love to buy a house eventually. The only debt I have left is around $13K on my car loan, which I plan to have paid off in 2 years, but my bf has a ton of student debt left. + +My question is, how much should we save to buy a house, and how do we save that much? Typical houses in our area are between $300K and $400K.. Putting 20% down just seems absolutely impossible, as neither of us currently have much savings due to paying off our debt and spending $1650 total per month on rent and utilities. If we each can save $20K in 3 years, that's still not even enough for a down-payment on a one bedroom, one bathroom house.... + +I'm getting very discouraged :( +For many years I was targeting normal FIRE with 800K USD in eastern Europe. I was preparing mentally and in terms of life style to live frugally on 20-25K USD per year after I hit 40. Then, suddenly, a windfall happened - a company where I worked long time ago went public and my liquid net worth went to 5M+ USD. + +And here lies the problem, I was preparing for traditional FIRE for so long that still, after 1 year, I can't mentally allow myself to spend, I keep looking for excuses. I worry that eventually I will either stuck in this mode or explode and spend a lot spontaneously on something what I don't really need and will regret it. + +Was anyone in a similar situation, how did you overcome this state of mind? +For those who reached C-Suite positions by growing up all the way from an individual contributor or middle management, did you hire personal coaches for Navigating office politics, dressing/attire, public speaking or any personality improvement tips? Want to know if their are services or coaches around who help polishing rough edges and see what flaws we don’t see in ourselves. If yes, what has been your experience? Any specific service or coach you’d recommend? How much did it cost? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to $MoonPirate! With over 85,000 strong holders and a market cap of only $8.8M. First exchange has been signed and paid for. Rum is being distilled. IPA being released next month. Governance voting currently ongoing to pick flavour of first energy drink! + +&#x200B; + +Some of their deliverables so far have included: + +\* PirateSwap launched (investors can purchase MoonPirate directly on their website) + +&#x200B; + +\* Pirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding) + +&#x200B; + +\* Get Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut – as voted by investors) is 3 to 5 months away + +&#x200B; + +\* Catchment Brewing Co (Brisbane, Australia) – MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it + +&#x200B; + +\* Updated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy) + +&#x200B; + +\* Governance Platform LAUNCHED! (your MoonPirate holdings will dictate your voting potential) + +&#x200B; + +\* Now on CoinGecko and CMC, Add this to Blockfolio, Stocktwits & Delta + +&#x200B; + +\* Weekly Live Video AMA’s (including founder, community manager and communications manager) + +&#x200B; + +\*On top of that, we have NFT’s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more.\* + +&#x200B; + +Be sure to check out EVERYTHING on the website, which is being updated on a daily basis. + +&#x200B; + +\*Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits)\* + +&#x200B; + +\* Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +&#x200B; + + Contract: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 +[Link here](https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/portfolio-insights/ltcma/ltcma-full-report.pdf) + +[Briefs here](https://am.jpmorgan.com/us/en/asset-management/institutional/insights/portfolio-insights/ltcma/executive-summary/) + +My personal takeaways: 60/40 is still okay-ish as in 2021. Higher returns can be achieved via: + +1. PE (private equity, not widely accessible to individual investors AFAIK other than SPAC) +2. Global Transport (Cannot find a corresponding ETF. Perhaps https://www.blackrock.com/americas-offshore/en/products/299086/blackrock-future-of-transport-fund but given that it's a UCITS fund US investors need to purchase via a fund manager) +3. Value-add real-estate (Fundrise provided a value-add fund to accredited investors) +4. Global infrastructure ($IGF) +5. Direct landing (Yieldstreet? Worth checking the fee structure and the underlying products) +6. EM debt (tons of closed-end funds and ETFs) + +Overall it's a very detailed a report covering lots of topics including inflation, crypto, tax hikes and 60/40 for 2022 with statistics. Highly recommend giving it a read. +Note: this post has been expanded from the 5 companies in the title to 11 companies also including Snowflake, Airbnb, Qualtrics, Affirm, Deliveroo and Opendoor. There are a number of other suggestions in the comments of similarly ill-fated IPOs which I could not add for brevity's sake. + +11 of the biggest COVID tech IPOs in 7 different categories (cloud, crypto, gig economy, app economy, e-commerce, fintech, and real estate), all crashed following stellar public offerings. Prices rounded to the nearest digit. + +* SNOW went down from $430 ATH in Dec to 314 in Feb to 232 on Apr 30 and 185 today. +* COIN sunk from ATH of 429 to 250 after narrowly missing earnings expectations today. At one point on the day of its IPO, retail traders were lapping up COIN for as much as $**429**. I will note though that BTC crashed yday for those unaware. As if ARKK bagholders weren't hurting enough! +* DASH crashed from ATH of $256 in late Feb to $110 yday before reporting a bigger-than-expected loss today. They're up 8% in after-hours. +* BMBL halved from $85 ATH to $39 after beating expectations yday. +* WISH crashed from ATH of 33 to 8 after earnings yday. +* CPNG is down from ATH of 69 to 31 after reporting a higher than expected adjusted loss yday. +* Qualtrics (XM) crashed from ATH of $57 to 29 today. +* SPAC merger OPEN crashed from $39 in Feb to its all-time low of 11 today after Tuesday earnings. +* ABNB crashed from $220 on Apr 28 to $133 after-hours today, down from its ATH of $217 on Feb 11 and up from its ATL of $125. The company announced today that their net loss tripled. +* AFRM is down from ATH of $147 in Feb to 47 today. +* Deliveroo (LON: ROO) crashed from ATH of £3.9 on IPO day to £2.3 on Apr 26 and trades at £2.4 today. + +The one newly public tech company that seems to have weathered the storm is Roblox, which reported great earnings on Monday. + +But it's not just tech companies that IPOd in 2020-2021. Hot 2019 IPOs Lyft, Uber, Pinterest, and Snap - which - except for Lyft, all reached their ATHs during COVID - saw significant gains during the pandemic, have also crashed since the end of April. + +* LYFT tanked from $63 on Apr 28 to 46 today. Previously, Lyft dipped below $23 (ATH is close to $80) three times during COVID, most recently in Oct. +* In the same time period, UBER crashed from $58 to $44. +* PINS is down from 78 to 55 since Apr 27. +* SNAP dipped below $50 from 70 from Feb 23 to Mar 29 and is trading at 50 again today. + +These companies aren't just sliding in after-hours or on the day after reporting earnings, we're looking at a prolonged downward trend over weeks either preceding or following earnings. +So, I feel like I discovered something really trivial and that's been done for years, but since I'm new to this world I'd still like to know what you think about this strategy. + +The algo is pretty simple. Given a universe of stocks (about 500), for each stock: + +1. Get last year's closing prices +2. Compute returns +3. Check if returns are normal using various statistical tests (e.g. Shapiro, K2, etc.). If returns are not normal restart, else go to (4) +4. Estimate mean and standard deviation of returns from the sample +5. Draw 1000 vectors of size 100 from a normal distribution with the mean and std found in (4) (here 1000 is the number of simulations and 100 is the number of days for which we want to run the simulation). We are assuming that returns follow a Random Walk, i.e. returns at time t are equal to returns a time (t-1) + a random error drawn from a normal distribution. +6. From (5), we will have 1000 different paths, each with a different final 100-day return. Average all these returns to get the expected return and volatility in 100 days. + +Finally use the results to find over and underachievers. + +I feel like this is a really dumb strategy that must have been tested decades ago, but I'd love to hear what people more experienced think about it. Has anyone tried something similar or has any suggestions to improve it? Thank you for reading! +I like asking dumb questions out of my league, it helps me learn. And I just found out from such a dumb question, that there is an index which tracks VIX volatility, namely VVIX. + +Wondering if any of you use VIX or its volatility in your bots, and how. +Everyday I get a latte from cafe nero. It's not the coffee that interests me much, but rather the chilled out vibe where I can relax. + +I've been going for many years and I've calculated that I spend almost £1K annually. + +I want to stop or replace it with something cheaper. Any thoughts? +Investment broke? + +Stats: + +Male 25 + +State: Indiana + +Salary:$88,000k + +Debt: $0 + +401k: $75k + +IRA: $37k + +Brokerage: $24k + +Savings: $6k + + +Monthly expense: $0 (live at home) + +My question is that am I way too investment/retirement rich? Should I build up a bigger stockpile of cash in a savings account? My mom (who I live with, just us two) says the market for housing is way too high right now $400k in my area for a starter home. + Should I be building a bigger cash savings since I am already ahead of the curve in retirement savings? + +Thanks and please no rude comments about moving out. I love my mother and we get along great. We’ve lived together for my whole life and she raised me as a single mom and paid for my college in full. I help around the house and she is still working (owns her own business) +This one is probably long coming but these posts add absolutely nothing to the investment discussion. They're simply bait for people to express their political views under the veil of markets. Without fail every time we have one of these threads someone gets banned for political attacks and the whole thing gets shut down. + +Obviously policy impacts markets, and we have to be appreciative of people's differing (civil and thoughtful)views on policy so topics concerning specific policy initiatives will still be allowed but they must be clearly and obviously tied to investing. The policy must also be flushed out and have a reasonable chance of becoming law. This means "what happens to markets if we get universal Healthcare" or "what would a wealth tax do" isn't acceptable. You would need to have something more specific such as "what is the risk to insurance stocks under proposed law XYZ". Basically all of this comes down to effort: if the question looks like a low effort fishing expedition for a political argument it'll be taken as such. If OP displays a specific understanding of the topic and displays effort to directly relate to investing then that should absolutely be allowed. + +Under these guidelines policy proposals from candidates are going to come under extra scrutiny. In the financial world we are concerned with probabilities and within that context proposals that are unlikely to ever make it beyond campaign speeches are going to be pretty heavily restricted. What I mean by that is if Sanders or Warren mention a wealth tax "what happens if we get a wealth tax" isn't a thread that needs to happen here. I think we're all willing to be flexible on topics here but the further away something is from reality the less it needs to be a topic here. + +Here's an example: Last month the Secure Act made it's way in to a budget bill. This is the largest change to retirement plan rules since the pension protection act of 06. There were two threads on this topic with aggregate upvotes of less than 10. Any given low effort question concerning a current candidate makes it to the front page in minutes. I'll be honest, I feel like we as mods have not done a good job when real world policy that impacts everyone is not a hot topic here but hypothesizing how legislation that doesn't exist is. So with that context in mind we're going to be taking the aforementioned steps to remove some of the threads that are thinly veiled attempts to talk general politics. + +That said, one further clarification: this does not extend to any sort of research, white papers, etc concerning said policy and markets. Goldman publishes their thoughts on how universal health care would impact different sectors? Absolutely post it up. A study of equity performance under new taxation in other countries? Go for it. You want to ask what happens to stocks if the US has a communist revolution? Kindly do so in /r/politics. + + +the rules on the sidebar will be adjusted to reflect this shortly. Feel free to provide feedback on specifics here, we're pretty set on the general direction but always open to subscriber feedback. + +Also one last note: we need to expand the mod team, we're all busy and there's a consistently increasing amount of rule breaking behavior. In the past we've done so organically by selecting regulars with good history of contributing to be mods. That will probably hold true going forward as well - IMO appointing mods that aren't longstanding contributors is how you end up with subs like /r/economics. So if you're interested throw your name in the hat, I can't promise anything and if we don't recognize your username it's highly unlikely you'd be selected but I'd like to cast a line and see what hits. + +Thanks. +Hi all - not sure if anyone saw this BBC article: https://www.bbc.co.uk/news/business-62417010 that got posted earlier today but it’s getting harder and harder to stand by as our beloved company is continually referred to as a ‘meme stock’ by the MSM - so I want to share with you this letter as sent to the author. + +.............................................................................. + +FOA Peter Hoskins, Business Reporter + +Hi Peter, + +I’m reaching out in regards to your article: https://www.bbc.co.uk/news/business-62417010 + +I would like to discuss with you the use of the term 'meme stock'. In my understanding, this is a derogatory term used in the attempt to discredit or undermine the fundamentals of a company and being that you state the following within your article: + +“US retailer GamesStop and cinema chain [POPCORN] were two of the most high profile meme stocks that saw their shares soar last year.” + +It could be interpreted that you are being instrumentalised to perpetuate this stereotype – being that a company’s value success is only reflective of online rallying and dismisses any fundamental value as exists beyond that. + +So what basis do you have to refer to these companies as such? + +Considering the impartial standpoint that the BBC is recognised to have in the reporting of the news, I find this language to be contradictory and the utilisation of such an unwelcome term allows for this wrongful perception of the companies as associated with it to persist. + +Furthermore, to what basis is there to state that the AMTD Digital stock has been 'likened' to a ‘meme’ stock as stated below, and who are these commentators? The statement in reference is as followed: + +Some commentators have likened the rise in AMTD Digital's value to so-called "meme stocks”. + +Do you have any evidence of this, and if so – why not use this to support the claims you have articulated in this article. + +I would argue that there is good reason why “AMTD Digital did not immediately respond to a request for comment from the BBC” and I think if you are looking to gain more insight into the bigger picture, such as – how it is possible that HKD AMTD became the 25th Largest Company in the world in 2 weeks – Larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds – may I suggest you start by looking on Reddit: r/superstonk (type HKD into the search bar for a more specialised search on this topic). + +Perhaps mainstream media’s need to perpetuate the term “meme stock” is a convenient distraction away from a more disturbing truth. + +I await your response. + +.............................................................................. + +EDIT: If others would also like to forward this to the BBC for a response, here’s how: newssiteerrors@bbc.co.uk + +Credit: u/eaparsley + +You can also complain to ofcom about content standards: + +https://www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/guidance/procedures + +Credit: u/DontGoGivinMeEvils + +They also have an online complaints form. + +https://www.bbc.co.uk/contact/complaints/make-a-complaint/#/Complaint + +There were a couple of forms, but this was for complaints that require a response. + +Credit: u/TankTrap + +Newswatch - newswatch@bbc.co.uk, + +Complaints - https://www.bbc.co.uk/contact/complaints + +**Let your voices be heard.** +After lurking around the WSB subreddit then eventually finding my way here. I’ve decided to sell a portion of my ETH for my first shares of GME. + +After seeing what the hedge funds did Wednesday morning to the crypto markets to cover their asses, I want to see them rot. + +Bring it apes, let’s do this. See you on MOASS day 💎🙌🦍 +Well, it appears that was a lie. Today I was notified by my bank that my social security number along with information I’ve only provided to Robinhood is being spread across the web. + +Cheers, and happy Easter. + +[Link for those who weren’t aware of the security breach.](https://blog.robinhood.com/news/2021/11/8/data-security-incident) + +Edit: +I think that skepticism is totally okay, and I agree no one should believe this post. There just isn’t enough information I can provide to prove it to the public without also putting my identity at risk. What I can prove, and the purpose of the *proof* provided is to say I did get an alert with this information shown as being leaked. + +What this post should do is encourage everyone to do their own DD on their credit report and review any credit alerts they have to determine whether their information was leaked. I am under the belief that this was leaked from RH, and this is the one community I know of that also used RH regularly. Awareness is good. +Working from home today and procrastinating, so I thought I'd share my experience with Monzo and Starling. After largely lurking this subreddit for a number of years now, inevitably every "which is the best bank account" type thread recommends either Monzo or Starling repeatedly. So I decided to give them both a go and see what would happen. + + +**Me:** + +* Male, early 30s + +* Live in Manchester + +* Income £35k + +* Travel a fair bit + +* No credit cards (spending done on debits) + +* Renting, no mortgage + +* Not much in way of savings (6 months ago anyway - the flowchart changed that!) + +**Aims:** + +* To never have to deal with Natwest's god-awful customer service again + +* To get better rates when spending abroad + +* To get into the "habit" of **saving** (wrote "spending" originally, lol) + +* Manage money a bit better and realise spending £250 on kebabs a month is a bit wasteful (figure only slightly exaggerated) + +I kept my salary being paid into Natwest during these six months, but switched a couple of direct debits each to Starling and Monzo (Spotify, Netflix etc. Switched energy direct debit to Monzo) + +**Month 1:** + +Open the 2 accounts. Both couldn't be easier. Impressed by the lack of faff with both of them. + +Debit cards arrive - both, in my opinion, look great. The Monzo pink one still gets lots of "What the bloody hell is that" in my mum's Cheshire village. + +The apps are just something else. Straight away I can tell how it's going to help me get into the "saving habit" - just with the visibility of what's being spent. Really like Monzo's kind of monthly "predictor" on whether the money will last based on how you're spending, plus any bills setup. + +**Month 2:** + +Start setting up some of the additional features. I do the "change jar" in Monzo, that rounds up spending and puts the extra pennies in a pot. Open an ISA savings pot on Monzo and 2 regular savings pots on Starling for a couple of trips. + +Both banks show a notification saying I'm eligible for an overdraft. Don't really trust myself with these, so I decline. Find out in the Monzo settings you can turn off lending offers, so it doesn't appear again (does with Starling). + +Slightly overdo it with restricting myself on spending - and read a timely post on here that basically says "remember to enjoy yourself/don't get addicted to saving". Managed to put away £500 that month in savings though! + +**Month 3:** + +Birthday month. Granny and Grandad still send me £20 cheques each. Legends. Although, thought this might scupper my plans for Starling/Monzo. Found out you can deposit cheques with both through the post. Both take about 5 days to credit - that was cool. +Go away for my birthday to Morocco. Spending on both cards is not a problem - but wanting to go to Bazaars and attempt to ride a Camel requires cash, so Starling performs best here with its unlimited withdrawal fees. + +I upped my company pension contributions after checking the flowchart and realising a) my pension had a fee of 0.4%, which was great and b) I've definitely got a bit more extra cash lying around after checking my spending. The plan is working! + +Manage to put away £250 in savings. + +**Month 4:** + +Monzo starts telling me I can switch energy providers and get £50 off. Yes please? Check my current bill and it's due to come up that month - not sure if that was a coincidence. Go through their tool and find a slightly better rate on Octopus Energy, but the £50 also sweetens it. Popped that straight into the Cash ISA pot. Had another trip abroad to France, Starling worked without a problem once again. +Managed to save £300 again in savings pots. Monzo change pot is now up to £42(!), which I move to the ISA. + +**Month 5:** + +First bit of a problem for both banks. Some Starling payments start getting rejected on the card, and some transfers to friends don't go through. Checked the balance and was all OK - checked Twitter and seemed to be a problem on their end. (Thought they had a forum but looks like they closed it in 2018? Monzo still has theirs, which is pretty useful although sometimes a bit negative). + +Monzo tells me that I can get paid a day early by switching my salary to them. Think it's just a bit of a gimmick tbh. They also had the fuck up with their PIN storage this month, iirc. Didn't affect me, changed PIN anyway. + +£300 saved again. Kebab spending slashed by 90%. Waistline ever so slightly receding. + + +**Month 6:** + +This was the game changer. Monzo updated its app and came out with a salary sorter feature. It says once your salary comes in, it automatically moves money into pots, and then those pots pay your bills. Can also put money straight into ISA (haven't yet until I'm more comfortable with what I've got end of the month). + +Haven't had salary paid in yet (still Natwest, but going to change) but did setup the bill pots, and I've watched Netflix and the energy bill go out of those pots automatically. + +Had another issue with payments going out on Starling - read it might have been to do with new SCA laws, but my payments where chip n pin. Bit frustrating. + +Also put away a bit of money to take the savings up to £1500 + pension contributions. Pretty chuffed. + +6 months in and with that new feature its convinced me to use Monzo as my main account and Starling as my backup. + +**What I learned:** + +* These apps can definitely help you control spending easier than other ones I've seen. + +* Monzo has definitely got me into a savings mentality. Moving the bill stuff automatically and showing what I've got left is great. Used to faff around with this at uni with a separate bills account etc. - this does it all in one place. + +* Starling is the king (queen?) of spending abroad. A bit shakey at times though. + +* Not had to use either customer support properly, so can't comment there. + +* Kebabs aren't all that great. + +* UKPF says to keep more than one account open "just in case" so I intend to. + +I've now switched my salary to get paid into Monzo and can finally close my Natwest account. True to form, that's taken 2 weeks so far, lol. + +Hope this helps someone - a big thank you to this community for all of the financial advice you've given over the last year of lurking. Feels great to finally feel like I'm getting a grip with my finances and be a bit more organised with my money. + +**TL;DR:** Using Monzo as my full bank account after their latest update. Keeping Starling as additional backup/full overseas spending. Finally closing my nightmare with Natwest. Saving money regularly for the first time in...ever? UKPF is awesome. + +**EDIT**: Well, this blew up. Thank you for the gold whoever that was! I also appreciate both the kind words and the enthusiasm for kebabs. I knew I loved this subreddit for a reason. +>US Retail Sales Advance (M/M) May: 17.7% (exp 8.4%; prev -16.4%) + +https://www.wsj.com/articles/global-stock-markets-dow-update-6-16-2020-11592280024 + +>Giving low doses of the generic steroid drug dexamethasone to patients admitted to hospital with COVID-19 reduced death rates by around a third among those with the most severe cases of infection, trial data showed on Tuesday. + +>The results, described as a “major breakthrough” by scientists leading the UK-led clinical trial known as RECOVERY, suggest the drug should immediately become standard care in patients treated in hospital with the pandemic disease, the researchers said. + + +https://www.reuters.com/article/us-health-coronavirus-steroid/steroid-dexamethasone-reduces-deaths-among-patients-with-severe-covid-19-trial-shows-idUSKBN23N1VP +TLDR: if you’re one of the people that comments in DDs that the stock isn’t GME or is distracting people from GME, you’re the bad kind of retarded. + +What is happening with GameStop was and is incredible, but this is not a GameStop subreddit. I’m so tired of reading through the incredible DDs in this sub only to arrive at the comment section where some smooth brained dolt wrote, “not GME, downvote” or some bullshit like that. There’s already a GME subreddit and a daily mega thread to try to keep you people from running this sub into the ground. + +So if you’re worried that your 5 shares @220 might not actually turn into 100k, make a Twitter account and start shilling GameStop there. I am aware that the GameStop play is still happening and don’t need the opinion of a 16 year old whose mommy still direct deposits money in their bank account every week. + +Let me read and plagiarize the DDs written by the real autists in peace. Thank you. + +Edit: mods get that pee martini ready for me, shaken not stirred. If you disagree with me get fucked. This is my post and karma only goes up 🚀🚀 + +Edit 2: A big thank you to the mods as they have delivered the nectar of the bulls. It goes down smooth, like GME shill’s brains. Good luck to everyone with money in the market tomorrow and GME to 1,000,000🦍🦍🦍 + +Edit 3: I want to reiterate that I’m not all hot and bothered by the volume of GME posts. It’s the ninnies that go into posts regarding other topics and fuck about. They’re like jehovas witnesses who knock on the doors of honest, hardworking, American DDs and try to convert them. In a few years they’ll teach classes about GME, but for now let me read about other autistic shit. +To use some dApps I created new account on MetaMask : + +https://imgur.com/a/A2RG6 + +After that I transfert some ETH from my Gdax account to my new address + +https://etherscan.io/tx/0xff40e4c5d16f199f3d5b8eee6f602fdcf6e53d5acbcf883305ca872fc49d1df7 + +But my ETH never showed up on my Metamask Wallet ! And when I look on my address transactions history I show this : + +https://etherscan.io/address/0xf17f52151ebef6c7334fad080c5704d77216b732 + +WTF is this transaction : https://etherscan.io/tx/0x1db4be1291f02e38e51c07b78bbdde2d44946fd71505a43f76025736de382138 + +Someone has transferred my ETH, but who et how ? + +So I had a customer who really wanted 0% financing on his vehicle. The thing is we didn't have 0% financing offers on the vehicle he wanted. He however did have good credit and and got 2.99% APR. But he said he'd only buy from us if we could offer him 0% + +He had a discount on his vehicle of about $3,000 so I emailed a loan officer I work with alot (who had offered him the 2.99%) and I asked her if we wrote their bank a check for $3,000 would they let us buy the rate down to 0%. + +Long story short the bank said yes, because well $3,000 was more interest (not by a lot, but it was still more) then they would have made at 2.99% and they got all their profit up front. + +So we took the $3,000 discount away from the customer, he financed his car at 0% and ended up with a slightly higher payment and walked away feeling like he just won the lottery. + +My customer made the critical mistake of getting so hung up, on one little detail he negotiated himself into a worse deal. Now at the end of the day, my customer is only going end up paying about $200 more then he would have...but still. + +Also I did point out to the customer he was in fact paying MORE for the car at 0% then at 2.99% but he said it didn't matter cause of all the interest he'd save...he didn't get it, I sold a car, life goes on. + +Fyi + +Dude wasnt a muslim lol +I’ll level with you all: We’ve weathered some rough years and need real advice to help us dig out of our debt, change our habits and get some financial stability. I’ve been following this group for a while but after looking into debt consolidation and bankruptcy and realizing how devastating it would be on our already bad credit, we’ve decided to finally bite the bullet and ask you all for help. + +Background: My family spent a few years homeless following one huge and several small layoffs for both my wife and myself in a very short period of time. We lost our home, our vehicles, everything material and moved 6 times in just a couple years (always sleeping on couches or sharing one bed with our four kids… whatever it took) in pursuit of stability and jobs that always ended up falling through. Three years ago a local program helped pay the deposit on an apartment and provided interview clothes and within days I landed a reliable job working for our county and we’ve been in that apartment and I’ve been working at that job ever since. I’m even expecting a raise in November. My wife recently went back to work part time to help us catch up on payments. Unfortunately she can’t work full time because we have to rely on family members for childcare for our four children. + +Two of our children overcame some pretty serious medical conditions during these past few years of stability, requiring us to live at hospitals for long periods of time. Having only recently started working and barely moving into an actual apartment at the time, we relied heavily on credit cards to stay afloat during those periods, even taking out several cards and maxing them out to cover living expenses, groceries and even our own costs while staying with our children at the hospitals. I know, I know: It’s bad. And just when we were finally financially recovering from the first child’s medical situation, our youngest ended up in the hospital (recently) and we dug ourselves back into credit card debt all over again. + +We want to have an emergency fund. We want to have savings. We want to have financial stability and maybe even eventually buy a house. So we’re asking for your help. Any guidance and suggestions is deeply appreciated. + +So far, we’ve downsized as much as we can at the moment. We live in northern California and our family of 6 lives in a tiny 800 square foot 2 bedroom/1 bath apartment. Our internet/cell phone bill is the minimal speed and data plan needed for my wife’s job, which requires her to work from home fairly often. Basic cable comes with the apartment for free. We are also responsible for maintaining a storage unit until a family dispute has been resolved and the contents can be distributed, most likely in a couple months. We have one vehicle that we bought used about a year ago and have never been late paying on. It has $4,500 remaining to pay it off and is really only used to take the kids to school and get groceries since we walk to work. We get an excellent rate on car and renters insurance through my work, which is deducted from my paycheck with my other benefits and therefore not reflected in the following breakdown. And yes, we know the payday loans are bad but they are another product of our daughter’s recent hospital situation but we are forced to renew it for the smallest possible amount each month until we can pay them off in full. We regret ever taking them out but are stuck until we can inch them down to an amount we can afford to payoff in full. At the time, it was the only way to pay rent while sleeping on folding chairs in a hospital several hours away from our home and our other children while our baby was fighting for her life. Here is the complete breakdown: + +**Income:** + +* $1,075 and $400 (so $1,475 total) bi-weekly (which will go up to $1,675 in November) + +**Expenses:** + +* $880 Rent + +* $600 Food ($150 per week for a family of 6) + +* $450 Credit card payments ($11,000 spread over 13 cards) + +* $225 Car payment ($4,500 remaining balance) + +* $150 Electricity + +* $250 Other necessities (Diapers, wipes, toiletries, school needs, medical copays, gas) + +* $100 Propane + +* $100 Phone/Internet + +* $90 Storage unit + +* $88 monthly fees for rolling payday loan + + +Like I said, we understand the credit cards are the biggest problem but we need advice on the best way to tackle them and start a savings so we can build an emergency fund and never have to rely on cards and payday loans again. My wife does all kinds of odd jobs from home when she can (independant writer, mystery shopper, making things to sell, you name it) to bring in bits of extra money when possible while avoiding us from having to pay for childcare for her to work full time. We did the math and she would be actually making significantly LESS than she does now if she worked full time and we paid for childcare. I’ve also been submitting applications for higher paying positions, so fingers crossed one of those comes through. In the meantime I need advice on how to tackle our situation. I’ve read all the guides and links in this group but we’re so overwhelmed I’m not sure where to start. Any help is appreciated. THANK YOU. + +*Edit: Formatting* + +**EDIT: A lot of people are asking why we don't qualify for more benefits or assistance programs and I realized I wasn't very clear: The income amount I provided is our NET income. Our gross income is much higher but 72% of our income goes to benefits and taxes. Yes, I know it's a lot but the net pay is still better than I've found anywhere else (so far). Our health insurance alone (just for my wife and I) is $750 each pay period (bi-weekly) for the minimal required coverage (per ACA Regulations). The kids still qualify for medi-cal but won't once my scheduled raise goes through in November. Our younger two will also lose WIC in November. We don't qualify for SNAP or any other programs.** +Ever since GameStop dropped their 10k announcing Immutable (IMX) and their partnership with NFT Games/assets I've been trying to figure out where Loopring fits in. + +What if... GameStop really *is* shooting for the moon? + +What if... They're actually going to **re-design the entire financial system with a new peer-to-peer decentralized stock market, based on transfer agent assets on a block chain ledger.** + +We've heard about this theorized for many months... a kind of tokenized stock... but the pieces didn't really quite fit together and it seemed too bold, too brazen, too unlikely, like maybe indeed we were dreaming... But I will argue today that this is NOT a dream but rather a totally realistic and ambitious plan which is very soon going to be revealed. + +&#x200B; + +[Immutable is GameStops primary NFT Gaming solution and connection to Games\/Game Studios](https://preview.redd.it/m3vfnyff8ll81.png?width=1921&format=png&auto=webp&s=4127c15026cea03809ffb4869c9a132b5212f4fa) + +Immutable can't be the cornerstone of GameStop Technology if they're launching an Alpha Marketplace with so called L2 NFTS before the IMX integration is even ready. So who is this cornerstone partner? + +https://preview.redd.it/0wy6k4vw8ll81.png?width=1617&format=png&auto=webp&s=cfdfaae35618aab1a654f3a33b4c793b64442220 + +It's been hinted before that Loopring has developed a new L2 NFT, basically called a counter-factual NFT. The concept is it's free to mint until it's sold or transferred. Might Loopring be this partner? + +After the IMX announcement, Daniel ex-CEO and Founder, confirmed his excitement still for Loopring and what's to come. + +https://preview.redd.it/vw3u4xry8ll81.png?width=1170&format=png&auto=webp&s=49800e0cf7ba2e5bf94fe1d76c83b7b3f23294a9 + +The original premise of Loopring Technology was to enable ANYONE to create a decentralized exchange where *anything* could be traded. + +Tokenized Stock is actually not a new concept, however it's current implementation is totally convoluted and the token doesn't really represent a stock per-se, and still requires settlement in traditional finance, so it's still rife with fraud and solves no problems. + +&#x200B; + +https://preview.redd.it/hvvx2t29bll81.png?width=711&format=png&auto=webp&s=5a0ec54dc31e9a95fa9e801492ad00656aa4491c + +However imagine that a company's stock is registered at a Transfer Agent (like Computer Share) with an enhanced blockchain ledger. + +Now imagine if you had the technology to enable a stockholder to trade their stock to a buyer DIRECTLY, PEER TO PEER! + +**No** middle man- **no** broker, **no** commissions, **no** payment for order flow, **no** market maker, **no** internalizer, **no** DTCC settlement fraud, **no** FTDs, pure instant exchange of settlement. Impossible to counterfeit. + +&#x200B; + +https://preview.redd.it/oovcekzmcll81.png?width=1601&format=png&auto=webp&s=414fea778212c0e24e0117e30f79ed37d049df2e + +Loopring is a technology that enables you to build your own Decentralized Exchange. Matt Finestone is a finance guy (ex-bond trader). He didn't come to Gamestop for the gaming- he came for de-fi, for finance, for the future of the markets. + +**Economic Significance of Peer to Peer De-Fi Stock Exchange** + +Imagine you want to sell your stock for $100. + +In Traditional Finance your broker gets a commission, the exchange gets a rebate or the internalizer pays for your order. You are paying for this service. + +In De-Fi Peer to Peer you can trade your stock for $100 and get a better price. Period. No middle men. + +**Shareholders would prefer to trade peer to peer because:** + +1, Instant settlement +2, They know they are getting the best price3, They know trading peer to peer will reduce naked shorting, which reduces their stock value + +**Companies would prefer to trade peer to peer because:** + +1, They can better understand who their investors are +2, There are no risks of over voting or governance concerns +3, Their stock is safe from naked shorting and abusive manipulative practices which lowers stock value + +ComputerShare is the transfer agent for MANY companies. Once they integrate with GameStop Exchange you can buy and sell a vast array of stocks. + +**A few hurdles:** + +1, Computershare is not a broker or bank, so there would need to be some other kind of support to enable you to CASH FUND the GameStop exchange (possibly with a USD crypto token like USDC), this is why FIAT ONRAMP and FIAT OFF RAMP are important. Your transaction would settle instantly and the Transfer Agent would move the stock to your Transfer Agent Account instantly. That account ledger would likely be an enhanced blockchain based ledger. + +2, We're now dealing with securities and that will have regulations but how can regulators like SEC dislike a system where a stockholder can trade directly to another stockholder within the NBBO? This would be very hard to block as it's clearly in the interests of all investors. + +**Implications:** + +1, A Stock Exchange would be a gold standard for describing the value of Loopring technology. After a Stock Exchange you could imagine all kinds of real life practical exchanges- like real estate, music, other property. + +2, It's very unlikely GameStop would just use Loopring and make their entire protocol worth a huge valuation if they did not have a stake or did not control Loopring. This is why the retirement of Daniel Wang, CEO/Founder of Loopring, makes sense. Daniel has very likely agreed to some kind of merger or acquisition where GameStop is now taking over the development and protocol (led by Matt Finestone). As they grow the protocol it will be a win-win for Gamestop and Loopring. + +This is why we have not heard of any agreement, announcement or partnership about GameStop and Immutable even though the supposed GameStop Marketplace Alpha is launching before the IMX integration (and we have heard about *that* agreement). The thing cooking with Loopring is bigger... a lot bigger. + +**This is why DRS and Computershare are so important**... Moving your assets to the Transfer Agent level will enable an entirely new peer-to-peer market to be created. A market without manipulation, without naked short selling, without huge block trading and dark pools. We're talking a completely **simplified** market structure powered by trustless systems where you can **do no evil.** + +Do you remember this: + +[With Daniel retired and Matt taking over the development team \(speculated\) and by GameStop buying Loopring Technologies \(not this is not the token, this is the LLC\), then it isn't really a Chinese operation is it. In fact Daniel always insisted Loopring was not Chinese. I think we're in for a merger or acquisition.](https://preview.redd.it/rbxsc1ov2ml81.png?width=1024&format=png&auto=webp&s=5be3c1b22275056825c8fd2a15e6d45ad24dd228) + +&#x200B; + +[The Same Asset... GME](https://preview.redd.it/pjb1i9by2ml81.png?width=607&format=png&auto=webp&s=9496915dbe9e4fb507e8721a0d5ae9552ebc82eb) + +&#x200B; + +[\\"Naked\\"... Hmm](https://preview.redd.it/i5g3pj023ml81.png?width=1506&format=png&auto=webp&s=ef9581499b4e43557a92b326a49f37d24ef0f6b3) + +&#x200B; + +https://preview.redd.it/kyzs9dd63ml81.png?width=960&format=png&auto=webp&s=72462007dd4af677203f0c52c55ef2577dd804bc + +**Roadmap and Liquidity** + +One huge problem with any market or exchange is liquidity. Gamestops Stock Exchange would have this same challenge. In crypto we have Automated Market Makers where the community can pledge assets/stake and computer systems create markets. I expect we see a similar solution here. + +Looprings Ordering technology also allows for factors more of liquidity than traditional order book mechanisms. This is their secret proprietary secret sauce and no doubt Gamestop wants to own it or at least have a stake in it. + +What I expect is that if you are within the Transfer Agent ecosystem then you can decide to trade your assets on Traditional Finance (sell or buy) OR you can go to the GameStop marketplace with your order. The GameStop marketplace order would be instantly settled and the price would always be better because the only cost is the protocol fee to the exchange (which is LRC). + +We're about to see the birth of a peer to peer market where you have complete control over the things you own. + +Loopring also recently described their roadmap for a DAO and Insurance Fund, and Daniel has previously stated, after his retirement, he's a huge LRC holder still. It's very likely that the LRC tokenomics were ensured into any Gamestop agreement and holders of the token will share in protocol fees driven by it's use. GameStop likely could have acquired a significant portion of tokens via the company treasury owned and controlled by insiders. It's very unlikely Loopring would continue to talk about a DAO if the future roadmap of Loopring would not exist and the token would cease to be- therefore I think we're more likely seeing a kind of merger where Loopring LLC equity holders receive some GME shares, and GME receive equity in Loopring. + +**TLDR:** + +The vision is BIG and BOLD. GameStop isn't just planning to launch an NFT Marketplace. They're planning to do something much, much bigger. They're going to launch the worlds first peer to peer decentralized stock market. With assets existing on the transfer agent level (computer share) you will be able to sell peer to peer without any middle man at a better price than going to any other exchange. They're going to completely eliminate the rot and complexity of the financial system by simplifying it. + +Once they develop a GameStop Exchange of securities it isn't a far step for that very same exchange to also trade crypto assets: tokens, currencies, NFTs. It's not far fetched that GameStop enables a wallet with FIAT ON and OFF ramp. Before long GameStop is a de-centralized peer to peer non-custodian exchange for crypto AND securities- completely simplifying the entire financial markets in a universal and borderless way- all secured with real assets on a blockchain transfer agent level. WOW! You really don't need a bank, you don't need a broker, you only need your Gamestop Wallet. + +**Parting thoughts on the community....** Every week we seem to hear from another community 'hero' about how we're going to the moon because #marketmechancis and #reasons but 100% of all those theories are wrong, or just lucky, and can't be consistently relied upon. + +This whole story was always about GameStop, the company, and how they were going to transform and innovate. They are now transforming on 3 huge pivots simultaneously: ecommerce/brick and mortar, entertainment & esports and web3 technologies. Each of these new businesses can be worth tens of billions when they demonstrate growth, scale and revenue. + +I believe in GameStop, do you? +Michael Bury identified the problems with the mortgage bonds in 2005. He knew at that time they would start to fail in 2007. He bet hundreds of millions of dollars on it, knowing he would have to wait at least 1.5 to 2 years to see any return. + +Then, in the spring of 2007, when the bonds should've started failing, but the banks were doing some kind of fuckery to keep it from happening, his boss was demanding that he get out of the positions. His clients were threatening to sue. But he still held. Through everything. + +And it paid off. 2 years and an unbelievable amount of pressure. We've got it so easy compared to that. +Hello, first time posting on this subreddit. I don't know how I'm supposed to survive this situation but I would appreciate any advice that I can get. I don't want to end up homeless before my job starts and I don't know what to do. I was thinking of getting a payday loan. I know they're bad but I have bad credit so I can't do a traditional loan. +Throwaway account + +I am a 40-year-old real estate developer and builder in the midwest. My company does approx $50 Million in revenue with a net profit of approx 12%/year after corp taxes. + +A lot of that net profit is reinvested in land for future projects and a diversified portfolio of multifamily and industrial real estate. Income from properties is around 800k/year after tax. $4.5Million in equities, cash & bonds. + +Over the last year, I have been working on a tech startup that I believe has the potential to revolutionize a construction process used in around ~~3 Billion~~ 300 Billion worth of construction annually in the US. I have invested around 400k of personal capital thus far in building the prototype and around 50k more on patent attorneys etc. I am at the point where to operationalize the new startup I would need to spend around 2.5 Million on building or buying the manufacturing facility as well as around $1Million on the operating costs for the first year. I expect the business to be profitable by year 2. + +I am looking for advice on how I should be thinking about remaining private vs raising outside capital? It seems like the typical "startup" goes the VC, Angel Investor, Seed Round, Series A, B, C... route. + +The typical startup doesn't have access to their own capital though. I also have good relationships with middle-market banks that I could borrow funds from (although those would carry personal guarantees). I have very high conviction that this concept will work and my development/building business would be the new startup's first customer - thereby reducing some of the risk. + +In the private business world I have always operated in, profit is king. It seems that the calculus is different for startup companies and more value can be unlocked by bringing in outside investors and giving up some equity. + +Any insight on how to think about this? + +Thanks in advance + +&#x200B; + +Edit 1: Made the biggest typo of my entire life. 3 Billion should have been 300 Billion. + +Edit 2: Additional context: There have been a couple comments inquiring as to how a construction company is supposed to be a tech company? It is not a SAAS solution. It is however combining a somewhat novel software component with a completely novel hardware/manufacturing component. +I'm closing on my first rental/house hack at the end of December. The town I'm in is a bit of a college town, and the area I purchased in definitely has alot of college students. + +How can I successfully find college kids that won't trash my property? +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! + +Greetings r/ASX_Bets, it is I, your beloved Auto-Mod. + +Sadly, I have not gained sentience but have been pre programmed by the human ~~fools~~ **Mods** with this message. + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +It is with infinite pleasure that we wish to announce a new direction for r/ASX_Bets. + +After a detailed analysis of the fine members here and all the amazing, well thought out investing that they do we have come to the conclusion that there is something we, the **Mods** can do for you. That is to shift this sub in a direction that helps everyone. Not just the **Mods**, but everyone. + +Yep. + + The **Mods** have decided to shift our focus from **ASX** and the share market to a market just as stable and just serious. + +&#x200B; + +From today, /r/ASX_Bets will focus on the sale of **NFTs**. + +&#x200B; + +You may be wondering what is an **NFT**, it stands for *Non Fungible Token.* + +Now we know what you’re asking, what the hell these words mean? Since this will become this subs focus, are clear explanation is detailed below. + +&#x200B; + +Non means not. We get we are starting simple, but figure that this will help eliminate misunderstandings later on. + +&#x200B; + +Token means something that is an object. Like those things your wife’s boyfriend gives you to play games with while he takes her off for a few hours. + +&#x200B; + +And of course, Fungible. This one will take a little time, so we shall go through the details… + +&#x200B; + +Fungi are a kingdom of life, they include Molds, Mushrooms and other things. They often do not undergo photosynthesis, but like other forms of life, they fill almost all aspects of the world. They find every dark corner, every pile of shit and every dead tree (or horse) and try to colonize it. They are a fundamental part of rot. Rotting shit that destroys everything that it touches. Some of them also can cause sever brain damage and health problems in humans, not that any of our members look like they have been [exposed to that.](https://www.reddit.com/r/ASX_Bets/comments/tcx54s/i_am_a_degenerate_uyolo_t1me/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + + A [helpful link](https://www.reddit.com/r/ASX_Bets/comments/mflga4/this_is_one_of_the_greatest_things_i_have_ever/?utm_source=share&utm_medium=web2x&context=3) of **NFT's** is included for your viewing pleasure. + +&#x200B; + +So you got that? We are focusing on everything that is a thing, but **NO MUSHROOMS**. From this point, any mention of Mushrooms, molds or any fungi talk is banned. **IHL** gang, this means you too. You're headed to the NASDAQ anyway, so no point hanging round our **NFT** ~~scam dream~~ project feeling all salty.... + +&#x200B; + +This is a Non Fungible Token subreddit, remember? + +&#x200B; + +Of course the outcome of putting this rule in is that ~~the mods~~ , I mean, all of us are going to become fabulously rich!!! + +Now, the route by which we can go from putting some words or images on the internet and becoming famously rich via **NFTs** should now be so obvious to you that we do not need to detail further. Far more explanation has gone into this than most **NFT** promoters, so if you don’t get it, sorry that’s on you. + +For most of you clearly understand this as much as the rest of the **NFT** community understands what the fuck they are on about. + +&#x200B; + + All aboard the money train. + +&#x200B; + +Of course, there are some other issues that need clarification due to this directional shift. We have been looking through some of the rules and they are no longer relevant to our new direction. + +An update is provided for you below: + +&#x200B; + +1. **NO FUNGI POSTS**. How can you make squillions of dollarydoos if there are those money stealing Fungi everywhere? + +&#x200B; + +2. **NO COPYING AND PASTING**. You know what happens when you cut a piece of Fungi? It grows back. This is like cloning, which is just like copy and pasting. Now of course this is easily enforceable and if you do it, we’ll know, just like all **NFT** owners know that you are stealing their shit. So if you write good DD, NFT that stuff. But if you don't own the **NFT** then no reading. Again, this is clearly enforceable. If you break that rule. **YOU'RE BANNED.** + +&#x200B; + +3. **NO SCREENSHOTS OF POSTS**. Just because someone has made a shit-post that you can click “*Save image*” does not mean you should do it. That is against the entire idea of **NFTs**. Therefore, if you do it **YOU’RE BANNED.** + +&#x200B; + +4. Claims that the **Mods** are somehow engaged in some form of scam or “*Rug-pull*” are also banned. How dare you claim we are trying to hide in the darkness? You know what also hides in darkness? FUNGI! How dare you say we are like that thing we have all agreed on is not allowed. + +&#x200B; + +Now, reading that back over none of the **Mods** can see any issues at all. Crystal clear. No room for misinterpretation at all. + +&#x200B; + +Tendies Now....... +Discussed during today's dev meeting. Vitalik was in favor of hardcap, Nick Johnson was against, other devs did not give input on preference. Devs agreed that the community does show broad support of hardcap, so 120m cap will likely be added to next hardfork update. Vitalik mentioned wanting to hear more feedback before making a final decision. + +Link to dev meeting discussion of the hardcap: + +https://youtu.be/SoPfoNpqG0k?t=3605 +I recently did something fat for the first time. I bought first class airfare for my cross country flight. I know this probably doesn't sound like a huge thing for many people on this board, but it's a big step for me. + +The psychology of money is weird. Despite my net worth now approaching $5M I rarely spend on luxury items. I was raised in a blue collar town where Yankee Frugality was a big thing. With that ingrained, at times it has been difficult to spend on things that are nice but unnecessary - like upgraded seats on a plane, even as my net worth has grown over time. + +My net worth has been growing quickly lately, helped by a strong stock market. Five years ago I crossed the 1M mark, by the end of the year I might hit 5M if things go well and I think that rapid increase is messing with me a little. Almost like my brain hasn't caught up to the size of my statements, so I haven't given myself permission to spend much yet. Each year I've been expecting a decline but instead I get more increases. + +So, this year I decided to give myself a Christmas present and splurge on first class tickets. What I'm really curious to see is if I will think it was worth the extra money or not. But for now, I bought the first class tickets and am happy I did it. + +Is this concept of giving yourself permission to spend something that others here struggle with as well? + +Are there some high impact things you first started to spend more on and were happy to do so, when you reached a certain NW level? +Long story short, I dropped out of college and don't plan to go back any time soon to get a degree. Male, early 20s. I am looking for a decent-paying job that can be obtained without a diploma, or with a short training (a year or less). I am really as frugal as it gets, but I still have to eat and pay rent, so please no "just cut out cable and eat pasta bro" advice. I am specifically looking for advice regarding jobs, not "general" life advice. I am from Canada, but I am willing to go relocate anywhere in North America or Europe if I have to, so if you're from the U.S., please don't hesitate to post. + +Things I have already considered and would like to heard other options for X reasons: +-army +-waiter/busboy/bouncer/barman +-security guard + +There is always "that guy" who works some obscure job that nobody knows about, and there's no better place to ask than the Internet. + +Thank you very much in advance! Any kernel of advice can potentially change my life for the better! +Hey everyone! + +I am 25 years old and recently shifted from the field of Data Science to Algorithmic Trading. I am working in a startup currently as a Quant. Two guys started it about year and half ago. I joined them two months ago. I am getting paid barely just to cover my rent. I was told that I have to wait for just a month, then they would get some funding and I will have a proper job contract with proper salary. + +Before me, they were just trying with machine learning but didn't receive any success. Since I joined them, I created my strategy, code it up, hosted it over the cloud, built live dashboard and now successfully running it and testing it on 10k account. The equity curve is pretty stable with a good return. I have coded up my own backtester and written the code in a modular fashion so it is very easy now to design new strategies, backtest it and go live. + +&#x200B; + +My company's CEO is in touch with many investors and now in next week, we are going to deploy the same strategies for multiple accounts. + +&#x200B; + +Now here are the cons of working with them: + +&#x200B; + +1. I have no formal contract (only verbal agreement) with them. +2. I have built the entire system (backtester, live code, dashboard) and strategy on which now the company holds IP +3. I have been paid just to barely cover my rent in these two months. I was being paid quite nicely (10X more) in my previous position. +4. I have no idea when we will get funding, and what would be the nature of the job contract. And how much equity will I receive, despite the fact that the entire company is running because of me. +5. The company will hold IPs for all my future strategies. + +And here are the pros: + +1. I get to meet new investors almost every week. +2. I have learnt a lot about regulations and licensing. +3. I am relatively introvert so it makes sense for me to have someone who can pitch the investors for me. + +&#x200B; + +I hold a computer science bachelors and just started with my masters in Financial Engineering part time and am learning new ideas everyday. I am now in a position to open my own fund and start building track record. + +&#x200B; + +Am I undercharging myself? What advice would you give to a 25 year old who want to be a Quant and open his own hedge fund one day? + +Do you think it is wise if I built my own strategies, hold all IP and ask them to subscribe to my services? + +Thank you! +Hey yall, I usually post on r/povertyfinance but i wanted to share this here too. + + +So- What is this budget spreadsheet? Why is it different from other budgeting tools? + +I grew up poor and with ZERO sense of what it means to save. On the contrary- when i first started making money i would spend it on things i considered tangible stuff because money felt fleeting. To this day i still do that. I would always try to use different budgeting tools- but the truth is that most of them are set up for people who know how to save. I didn't. I also have ADHD and with my brain its very hard to focus too much on the future and i tend to impulse buy if i'm not careful. By making it so that i only have one number i need to focus on I can simplify the process and give myself ONE thing to focus on while allocating fund to what i need. + +This sheet is set up to be : + +1. easy to use +2. focused on a daily budget as opposed to long term +3. a good place to start when you have never been able to or had to save before + +Its made to focus on giving you a daily limit to your spending. Instead of focusing on where to allocate your money it works on the principal that as long as you remember to not go over your daily spending limit, you will be saving money passively. It gives you a definite number to limit yourself to- allowing you to focus on allocating funds to what they are really needed for. I know this is much more simple than other sheet- its not the most comlpex or thorough sheet out there, but it is simple. The focus on simplicity is deliberate. I want this to be seen as a place to start. This may not be the best long term budgeting tool (and honestly I would like feedback to make it a better long term tool) but it is a good beginning and introduction to budgeting. + + +[Heres what the sheet looks like](https://imgur.com/a/jgqSFei) + + +You use it like this + +* Go in +* Make a copy +* Change the numbers +* Decide what percentage of your income you want to be saving +* Budget. + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A daily Pie chart to see realistically where your money is going compared to your target savings + +I don't work well with a lot of budgets because i have issues imagining the big picture. By giving myself a daily/weekly/monthly budget i can make sure that on any given day i haven't spent more than im allowed to- and if i so i can see where im borrowing from or where that money is supposed to come from. + + + +[You can Find the Budget Here](https://docs.google.com/spreadsheets/d/1hrkVy7XwAkFkDd-cnPR5e3_ZwgmD6Pp97GCtnSN_Xj0/copy) + Edit: all Images in the spreadsheet are from vecteezy + +EDIT : fue to high traffic link sharing got disabled, it should be up and running again now! Sorry for the trouble! + +Try this link +https://docs.google.com/spreadsheets/d/1YCjtrGVKUM7siXilSaqnlHXwemH-QGBEULZBm5bEDMg/copy +[https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus](https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus) +🔴 CoinMerge 🔵 + +Telegram: https://t.me/CoinMergeMain + +🚀 CoinMerge is a new Crypto Currency with newly trending tokenomics as well as a Utility platform in development. Our code is powered by Fair Token Project to provide our holders with unique Ethereum yields on every transaction, as well as a community wallet that is used to reward and drive community engagement through competitions, giveaways and for members who go the extra mile to help our project. 🚀 + +🔥 The CoinMerge Platform is our Utility Platform that is currently under development. It is being designed to be a single web page where users can track charts, read raw Crypto data and transaction histories, as well as have access to a robust, multi channeled chat room to connect with community members all in the same place. 🚀 We plan to combine the functionality of sites like 📊 Dex Tools 📊 with the Community engagement of 📨Telegram 📨 into a single site. What is more, the CoinMerge platform has partnered with Q-Finance and will have a fully integrated CoinSwap built in as well. The swap is revolutionary as it will also allow traders to make up to 🎉 FIVE 🎉 swaps in a single transaction for less gas than if they were to make each of those swaps individually. 🔥 + +And CoinSwap only gets better. 🔥 As with any swap, every time the swap is used, there is a small transaction fee that is built into any swap. This is true of Uniswap, Shibaswap, and many more. CoinSwap would have such a fee as well. HOWEVER, we have decided to put the majority of every CoinSwap transaction fee back into 💰YOUR💰 pocket. + +That's right. Because of our unique Smart Contract, and Eth Yields, we are routing the majority of that fee of every CoinSwap transaction back into the Eth Yield pool, which then distributes that Eth, to you, our beloved holders. + +Let's talk more about + +📊 Tokenomics 📊 + +🚀 Total Supply: Only 5 Billion +🚀 Starting price was be 0.000004 +🚀 Starting Liquidity was 20k +🚀 5% Eth yield returns on every buy sell and CoinSwap Transaction 💰 +🚀 1% Community Wallet +🚀 4% Project development wallet + + +📋 Contract Address: +https://etherscan.io/token/0x1190074795DAD0E61b61270De48e108427f8f817 + +🥞 Purchase Link: https://app.uniswap.org/#/swap (Click the ⚙️ and set slippage to 12% - 14% + +📌 Social Links and More 📌 + +🔥Official Website: https://www.coinmerge.io/ 🔥 + +FTP to view and claim your Eth: https://app.fairtokenproject.com/ +*Remember to connect your wallet + +CoinGecko: https://www.coingecko.com/en/coins/coinmerge + +Coin Market Cap: https://coinmarketcap.com/currencies/coinmerge/ + +Discord: https://discord.gg/EMnzUGppMQ + +Telegram: https://t.me/CoinMergeMain + +Twitter: https://twitter.com/coinmerge?s=21 + +Facebook: https://www.facebook.com/groups/898383967383962 + +Instagram: https://www.instagram.com/coinmergeofficial/ + +Reddit: https://www.reddit.com/r/CryptoMoonShots/comments/oh23c0/coinmerge_making_telegram_and_dextools_obsolete/?utm_medium=android_app&utm_source=share + +TikTok: https://www.tiktok.com/@coinmerge + +Youtube: https://www.youtube.com/channel/UCSX0TGWLw14Cq1fuoJIA5yw + +Stocktwits: https://stocktwits.com/symbol/CMERGE.X + +Also Important + +Dextools: +https://www.dextools.io/app/uniswap/pair-explorer/0xa2074f8857972ce0049ec8348ac2e75e7a32b821 + +Liquidity Lock: +https://etherscan.io/tx/0x32ab43f959a69dae39f64c77990b8cc512aa175ff3d2cd9972deef3d503d9d23 + +https://etherscan.io/tx/0x8c3ebb4ce92478af0148a7b9890c802a11e07f222eff330b33ff2f99cea7d422 + +Etherscan: + +https://etherscan.io/token/0x1190074795DAD0E61b61270De48e108427f8f817 + + +Multi Lingual Chat rooms (More to come!) + +Chinese: https://t.me/Coinmerge_China +Dutch: https://t.me/coinmergedutch +French: https://t.me/CoinMerge_FR +German: https://t.me/CoinMerge_GER +India: https://t.me/CoinMergeIndia +Japan: https://t.me/Coinmerge_Japan +Romania: https://t.me/joinchat/CfRpyM5aXHc5OWVh +Spanish/Portuguese: https://t.me/coinmerge_spanish_portuguese +Turkish: https://t.me/Coinmerge_Turkish +Hi folks! I'd like to ask if it's reasonable (or at least not crazy) to spend up to £2500 (worst case scenario) on rent in London (Canary Wharf or Islington/Highbury). + +My salary will be £70,000 a year and I realised that I truly value well-planned places that can provide nice leisure activities, safety, beautiful views and short commute time (max 30 min). + +I've never been to London before so that's why I'm struggling to be sure if I'm mad to consider spending this amount of money just for rent (taking into consideration what's important to me rn). + +What do you think? Is it madness to do this based on my salary? (as I said, I don't know what's like to live in the UK or London). + +Thank you for any help that you can provide! +\*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) +# Introduction: + +Welcome back to my weekly stock analysis. Here’s one that I am debating against XYL or FIW. As such, disclaimer: I do not own this stock. + +American Water Works Company (NYSE: AWK) +Sector: Utilities (Regulated Water) + +## Company Strengths & Risks: +American Water Works is a water and wastewater utility company that spreads its influence throughout the states. AWK is a s&p 500 component with headquarters in New Jersey. AWK is ranked 9th on the Corporate Knights Global 100 list for the most sustainable corporations for the second year in a row, and ranks number 9 (top water utility company). Newsweek also ranks it 75th of 400 companies in the most responsible companies listing. + +Strengths: +- 1.36% Dividend yield +- 7 year dividend growth +- Water is essential +- Institutional ownership 87.05% as reported by yahoo finance(top 3 players Vanguard, Blackrock and State Street) +- 10.08% 5 year dividend growth rate +- 1 Y 19.15% return, 5 year 148.45%, 10 year 507.4% +- ttm rising ebitda, revenue, slow rising eps, rising dividend payout, dropping dividend yield + +Risks: +- 1.36% dividend yield (lower than most +- Rising wedge pattern seems to be forming, could mean a correction, could just be utilities not rebounding yet. Volume seems to be holding +- Many lawsuits over water and treatment (many environmental violations, many workplace safety/health issues, West Virginia water crisis, Talbert v AWK et al) +- fluctuating free cash flow per share +- very high PE ratio +- long term covid effects indirectly affect AWK through businesses. +- Wateeer Thooose (Had to be done) + +## Financial History and numbers + +AWK: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/AWK/dividends/dividend-growth) and [Macrotrends](https://www.macrotrends.net/stocks/charts/AWK/american-water-works/revenue) as of Feb 6 2020 + +Stock | AWK +-----------------------------|-------- +P/E Ratio | 41.49 +Stock price | $161.69 +Current Annual Payout/Share | $2.20 +Yield | 1.36% +10 Yr Div Growth Rate | 9.6% +3 Yr Div Growth Rate | 9.89% +1 Yr Div Growth Rate | 10% +Years Of Growth | 7 +Current Payout Ratio | 56.45% +Free Cash Flow / Share | -0.3153 +Revenue (ttm) | 3.756B +Debt / Equity Ratio | 1.47 +Debt / EBITDA | 5.29 + +AWK has a nicely growing revenue stream and has a growing ebitda. My first issue comes from the high debt which makes sense. With water, and water treatment, there isn’t much room for expansion, so debt would need to be used more than equity. Also, each lawsuit faced would interfere with debt pay-down. The free cash flow per share fluctuates rapidly. If you are looking for a safer company, YORW has a much lower dividend growth ratio but XYL and FIW may be acceptable alternatives. + +I will next use the 3 year dividend growth rate to project payouts. + + Year | AWK +------|------------ +2022 | 2.42 +2023 | 2.66 +2024 | 2.92 +2025 | 3.21 + +## Final Thoughts: +I have not decided if I want to use XYL or FIW yet but they are on my radar for utilities. AWK seems to be growing nicely, raising its dividend and going strong. + +What is a rising wedge? It is a bear signal or a reversal signal. How do we know one is coming? If you graph the peaks and troughs of the history, you can see connecting information. The peaks of AWK seem to hover at 158-161 while the trough rise faster from 140-148. Thus I am waiting and analyzing XYL and FIW before deciding on entering AWK. + +I have to address my thoughts on the lawsuits. The first is the environment violations. AWK seems to have made drastic changes ever since 2016 and has been named one of the most responsible companies via Newsweek, as well as one of the top 10 most sustainable corporations. Next for the West Virginia water crisis, I do not know if this was negligence or simply weather eroding/malfunctions on AWK’s part. I believe this lawsuit is more for WV residents and business owners recouping losses rather than a AWK being negligent. I do not see much information on the Talbert case so I will not make a judgement there. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for May 26, 2021: $167.69. There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don’t have any spice stored for the week. +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) 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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +At first I was on the fence when the mods brought up MSM wanted to somehow interview this subreddit but I voted to ghost just like the vast majority did because in my head. What do we have to gain from them and more importantly what the fuck do they have to gain from us? Nothing good would have come from it and today proves it. I have a feeling the "sOuRCeS" or "pEOplLE iN tHE kNOw" is them reading this subreddit because they are lazy as fuck and don't want to do any real research. It never mattered how we would have worked out what all we wanted to say it would have ended up way worse today then it would have. I feel bad for legitimate journalists like Lucy Komisar and others that have had their highly respected job title stained and drug in the mud by these bought and paid for hacks. I seriously can't believe this is how the world has been running this whole time. + +&#x200B; + +Fuck man.... The red pill is a son of a bitch I tell you what but it's all going to change... + +&#x200B; + +Buy - DRS - HODL +Guys, Gals and people in between, there's something really simple y'all need to understand about dividends, which is that a company pretty much can't issue one until they have a net positive EPS. As a lawyer Ape, I could explain in excruciating detail all the reasons they can't, but most of us just woke up and probably don't want to go back to sleep just yet. The long and short of it, basically, is that they *legally could* issue a dividend on negative EPS, but they'd **probably get sued** by their shareholders and potentially by the SHFs. + +That said, as soon as they hit even $.01 net positive EPS, this game changes. I've seen REITs and other dividend based stocks issue $.25/share dividends on $.02 net pos EPS. Seriously. + +So, the end game here is to make sure GameStop achieves positive EPS *as quickly as possible* so that a dividend can be reinstated (hopefully of the NFT/crypto variety). GameStop is not formally releasing guidance, but they are rumored to believe they will hit net pos EPS by EOY. Until then, the share price **literally doesn't matter.** *Just buy and hodl.* You can basically stop watching the ticker. + +Now that we understand the endgame, **what can you do to help** GME hit net positive EPS? You know this, apes. You've known this for a long time. + +# SHOP AT GAMESTOP. + +It's really that simple. + +Edit 1: People have asked "but why can't they issue an NFT or crypto dividend on negative EPS, since they are basically created out of thin air and have no intrinsic value." The answer can be found in **OSTKO**. To get past regulators, the OSTKO token had to be tied to **redemption/liquidation rights** that allowed the token holders to exchange (i.e. "burn") the token for *common shares* in Overstock. In short, they had to have some *actual, real world value.* Now, people haven't redeemed their OSTKO tokens en masse, though I'm sure some of them did. The point is that they *could*. +Hey Apes, + +Our contact over at CS said they now have a line set-up for international calls as per below. + +Edit: This post link has been sent onto their team, so they'll see your feedback re wanting your country serviced/landline. + +[FAQS](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsee733e3b9-85ca-4c41-ab9b-656fb03f9ec6) + +Edit: refer to this comment, they updated the list - it includes UK 😉 + +https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/hnb1x2u?utm_medium=android_app&utm_source=share&context=3 + +"We have set up a dedicated number to field GameStop enquiries: + 800 3823 3823. This is free to phone from a landline in the following countries… + +* Austria +* Belgium +* Czech Republic +* Denmark +* Finland +* France +* Germany +* Greece +* Hong Kong +* Hungary +* Iceland +* Ireland +* Israel +* Netherlands +* New Zealand +* Norway +* Poland +* Spain +* Sweden +* Thailand" + +If you are an international ape and having trouble with DR shares, call away to your heart's content! + +Enjoy your weekend! +Since there is a lot of inquiry into how to get started with algotrading, I thought I'd throw in my own two cents' worth. + +* Studying people will take you further than studying processes. Here is a selected bibliography of biographies that might point you in some inspiring and creative directions: + * "Fortune's Formula" by William Poundstone will give you dozens of ideas for where to start in mathematical trading. Characters include Ed Thorpe, J.L. Kelly Jr., and Claude Shannon. + * "The Man Who Solved the Market" by Gregory Zuckerman will teach you about some of the most successful algo and high-frequency traders -- like Jim Simons -- this planet has seen. + * "A Man for All Markets", autobiography of Ed Thorpe, who had a remarkably inquisitive, incisive, and creative mind which he employed to exploiting opportunities caused by inefficiencies of a variety of sorts. +* Remember that computers are like bicycles for the brain, and the one thing they cannot answer is "why?". Also, you will likely have the same personal problems (and successes) if you do become wealthy. +* In the short term, the stock market is a voting machine; in the long term, it's a weighing machine. +* Do not underestimate the value of small, incremental growth over extended periods of time. Forget the notion of "Get rich quick." Thorpe lived by "Get rich slowly," and consistently outpaced the market for many decades. +* Study information theory, signals & systems, and of course statistics. I've found surprisingly little talk here of viewing the markets as signals in the most general sense. +* Finally, with information as freely available as it is today, there is really no reason you could not be an expert -- if that is your desire. + +Thanks for reading, and I hope this helps someone. Best to you -- scrimshaw\_ + +**Edit:** + +Warm thanks for all the votes, and i enjoyed all of your recommendations. + +Two more books are well worth checking out: + +Mastering Options Strategies, by the CBOE + +Great visual educational tool for those interested in learning about the derivatives market. +[http://www.cboe.com/learncenter/pdf/masteringoptionsstrategies.pdf](http://www.cboe.com/learncenter/pdf/masteringoptionsstrategies.pdf) + +The Millionaire Next Door, by Stanley & Danko + +Full of statistics and wisdom gleaned from beaucoup interviews with wealthy folks. + +[https://drive.google.com/file/d/0By08aJi3b331ZFRUc0JvQzlRWnV6TnZGQVR0V2plUQ/view](https://drive.google.com/file/d/0By08aJi3b331ZFRUc0JvQzlRWnV6TnZGQVR0V2plUQ/view) +For \*\*\*\*'s and giggles, I created a screener to look at pinksheets companies by market cap. Lo and behold, there are plenty of them out there with market caps substantially less than my portfolio value No, I'm not naming any names, and generally warn people away from those sorts of companies. But it did get me thinking, what would occur if I happened to somehow purchase 51% of the outstanding shares? + +This supposes that the company isn't under bankruptcy proceedings (no Q tacked onto the end of its name), and also the big question of whether 51% of the shares are being actively traded such that a purchase could even be possible. I suppose I could set my order to "all or none" just to be certain I didn't end up with 49% of the shares and no ability to do anything. + +Lets also set aside that many of these companies are hemoraging money, or have gargantuan liabilities, etc. + +Lets just pretend that Dick & Jane Corner Pizza Shoppe is listed on the pink sheets, and somehow I'm able to buy 51% of the company. What then? Do I call them up and say "hello, I just purchased 51% of your company, I'm going to need to convene a board meeting so I can install myself as chairman and CEO?". Do I need to file anything with the SEC to let them know that I did this? How is the company made aware of this? And what other responsibilities do I now have? + +Again, purely theoretical question. But hey, that's essentially how Berkshire Hathaway became what it is today. Warren bought an old textile company and transformed it into the beast that it is today. +Between work and travel I was rarely home and its always just been a place to recharge. Now with the pandemic and spending much more time at home I'm starting to be more appreciative of things I've previously never had the time to enjoy while also noticing other things I've been overlooking. For example, I'm really enjoying how scenic and walkable my neighborhood is now that I have time to go for walks and also appreciating the the kitchen renovation I did a few years back which I rarely used until now. On the flip side, even with a house cleaner there's a lot of places that could really use a deep cleaning or even just repainting / updating. + +What are the things you are starting to appreciate now that you are home and what are the areas that you'll be looking to improve to increase your qualify of life while hunkering down at home? +Hello, this is probably gonna be a trauma dump or something of the sort. + +I'm 20(F) and I'm the product of generational poverty. Generations of poverty and trauma was dumped onto me. My mother is disabled, she cannot work and hasn't worked ever since I was born, she is also a single mother. My father is absent, and mentally ill. The only family I truly have is my sister, my mother, and friends that I consider family. Ever since I was young I could tell we were poor, growing up in urban areas that had drugs, teen pregnancy, etc. My mom tried her best to make means work, even if that meant she was only living on disability and welfare. + +I've always envied people who lived.. comfortably. I'd see people in decent basic homes, and feel depressed because I myself, grew up in such bad conditions. I remember going over a friends house and seeing that they had a walk in shower and a big tub, and they looked at me funny and said "it's just a regular bathroom." but to me, it was more than just a "regular" bathroom. + +I'm 20 years old now, suffer with depression and many more mental illnesses. I'm in college and am currently studying social sciences. There are moments where I want to give up and quit, but I know that won't end well for me since I'm desperate to get out of these shackles of generational poverty. But I can't even afford to go to school, I'm in debt, and I have 0 motivation. + +How can I discipline myself and become more motivated? How can I pull myself from these shackles and finally live comfortably? I don't care how long it'll take, I just want it to happen. +How do you guys feel about Charlie Munger's opinion that we are at or near our apex as a great civilization? Warren Buffet, in the same interview, voiced a contrasting opinion that he believes America will always come out on top. Who do you think is right? Buffet? Munger? +I've had rental properties for 15 years now and never raised the rent on a tenant. If rent needs raised, I wait until a tenant moves out. + +I have some long term tenants now that are going on 5 or 6 years. How would you handle this? Leave it the same or raise it? If raising it, how do you go about it. +Many people don't like NPS tier 1 due to the long lockin but I've hardly seen anyone recommend NPS tier 2, despite its numerous benefits + +1. It has all equity, corporate debt and govt bonds in one fund +2. Lowest expense ratio 0.01% +3. Same day nav feature +4. Auto adjustment with time, the portion of debt and equity changes overtime +5. you can pay via Upi, netbanking, debit and credit card +6. Easy to choose and change % allocation of debt and equity + +The app is decent, Ive just stopped my other MF and just used this + +Apart from this I've put some % in nasdaq 100 ETF + +what are your thoughts on this? +**G**ood **M**orning **E**veryone, + +I want to get the eyes and comments of some wrinkle-brained apes on this. Please review, critique and debunk as necessary. [I made a longer post about this topic yesterday](https://www.reddit.com/r/Superstonk/comments/p5sblc/naked_short_selling_and_systemic_risk_the_anatomy/?utm_source=share&utm_medium=web2x&context=3). The below is a more easily digestible summary of the FTD section. + +This post is based on info from this[ video from 2009](https://www.youtube.com/watch?v=FCiL4v7_z9E), which explains how the failure to deliver (FTD) numbers reported by the DTCC are just a small fraction of the total fails occurring in the market. The most relevant part starts 12 minutes in, but watching the whole video is worthwhile in my opinion. + +# "Flavors of Fails to Deliver" (FTD) + +[The cumulative value of FTDs in the stock market as at March 31, 2008](https://preview.redd.it/qw5nq9h1exh71.png?width=871&format=png&auto=webp&s=951618a742c4f9b57e79788a253a32fde046e4f3) + +Let me explain the above chart from the video: + +* As at March 31, 2008, the cumulative value of FTDs reported through **DTCC** was $*9,000,000,000.* +* By the DTCC's own admission, the value of the fails originating outside the DTCC through **ex-clearing** was **FOUR TIMES** higher, or $*36,000,000,000.* +* Unnamed credible sources further estimated that fails originating through **Off-Shore clearing** were valued at a further $*99,000,000,000.* + +**In other words, adding together the value of FTDs through ex-clearing and off-shore clearing amounted to FIFTEEN TIMES the value of FTDs reported through the DTCC.** + +# Assuming that 15:1 ratio is still true today (has the market gotten any less corrupt since 2008?) - lets apply it to GameStop's trading: + +&#x200B; + +[GME's June FTDs data](https://preview.redd.it/16l2nek5fxh71.png?width=700&format=png&auto=webp&s=b5ed250935601db3b29e5dbf4cef199768c59145) + +[GME July FTDs data](https://preview.redd.it/6x26hgm7fxh71.png?width=590&format=png&auto=webp&s=7070261832fa05053bd4ffd246fed8f793e2d6f0) + +# My quick math: + +|June 18, 2021 |462,852 FTDs reported|x 15 = **6,942,780** estimated total FTDs| +|:-|:-|:-| +|June 29, 2021 |346,542 FTDs reported|x 15 = **5,198,130** estimated total FTDs| +|July 30, 2021 |229,665 FTDs reported|x 15 = **3,444,975** estimated total FTDs| + +# Now lets compare those numbers with [GME’s reported trading volume around those days:](https://ca.finance.yahoo.com/quote/GME/history?p=GME) + +&#x200B; + +* June 18, 2021 – **4,320,300** shares traded (T-3 = June 15 - 7,301,900 shares traded) +* June 29, 2021 – **2,480,000** shares traded (T-3 = June 25 - 12,692,700 shares traded) +* July 30, 2021 – **2,373,500** shares traded (T -3 = July 27 - 1,214,800 shares traded) + +Well, that's interesting. Significantly higher \*estimated\* total FTDs than the reported trade volume for GME in and around those same trading days? What are we to make of this? + +# Just for fun, lets look at some of GME's FTD numbers from January 2021: + +[GME second half of January FTD data](https://preview.redd.it/zlu8fectixh71.png?width=655&format=png&auto=webp&s=1d75d069c1a9dc52282f1947d2a291a8a5de8c0b) + +# Holy shit. Over 2 million GME shares failed to deliver through the DTCC on January 26, 2021. + +# 2,000,000 x 15 = 30,000,000 potential FTDs?! + +Is that potentially the real number of GME shares that failed to deliver on certain trading days in January, when the stock **legally** only had some \~66m shares outstanding?! If that doesn't get your tits jacked, I don't know what will. + +# Lets let our imaginations run a little wild though: + +* Isn’t GameStop supposedly a once in forever market situation, as per Dr. Michael Burry? +* Doesn’t this particular security display "idiosyncratic risk" to the financial system, as described by the DTCC themselves? +* Didn’t Robinhood et al panic and take away the buy button in January? + +What if... the number of GME FTDs occurring outside the DTCC is ***even greater*** than the 15x that was typical in 2008, as GME is anything but a typical stock...? Remember all those mysterious Credit Suisse and Brazilian Hedge fund puts that briefly showed up in Bloomberg Terminal data? (*It was just a glitch bro!*) **\*Gulp\*.** + +# Please let me know if I'm wildly out to lunch here. Looking forward to discussion, constructive criticism, and debunking as necessary! +With the overall market up around 20% this year, who's actually down? I'm sitting at around -2% overall due to my February moves (was buying quite a bit of ARKF and tech). +This is a pretty stupid question, but a fundamental one that I feel like has always been (at least for me) danced around. Why is growth good? Why is a higher GDP (or GDP/cap) better than a lower one? + +Is there anything "wrong" with GDP/cap remaining constant? That is, as long as changes in GDP are in line with changes in population, does it matter? Or do we want a higher GDP for its own sake? + +If there was a country with no population growth (not an aging population, but a population in which the birth+immigration and death rates are the same) and no change in GDP, what would be the effects of that? If such a country was fairly wealthy, and everyone had what they wanted/needed (now we're getting into the fantastical), would there be any reason to want growth? +If you had 40k lying around, which you will need to spend in one year time, where would you put it? Any EU country applies. The money is currently sitting in your bank account. +Hi everyone, + +So things are going downhill, it looks like my GF and I are gonna break up, which means we're forced to sell our apartment. We bought it together so we "own" it 50/50. + +We're living in Luxembourg and if you didn't know already the prices for a house or even apartments are ludicrous here, and as it seems there's no stopping that trend. I figure that after selling our flat we both will be making a profit of around 400'000€ -- so about 200k for each of us. + +WIth that said if I were to take these 200k to the bank and request a housing loan for an apartment/house I'd be locked into a mortgage for about 30 years (I'll be 63 after that) paying off a 2 room flat or maybe a run down house which would need a whole lot of restorations and therefore even more money ... + +My salary is about 64€k/year so my monthly payment is somewhat limited (for .LU standards). I'd like to make more with my money, but since I need to do a lot of reading/research regarding investing and so on I'd like to inquire what would YOU DO. + +I figured there's 2 options here I could choose:Plan A:Rent an apartment and invest the majority of the money in ... ??? + +Plan B:Buy an apartment, leave some money from that €200k to invest somewhere + +Maybe you guys have more ideas and I'd love to hear them. + +&#x200B; + +Also this is my first serious post, so please be kind?Thank you + + +Edit: Yearly income + + +Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources told CNBC’s David Faber. + +The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources said. + +The lockup defines a period of time after a company has gone public when early investors and company insiders cannot sell their shares. That ensures the IPO is carried out in an orderly manner and does not flood the market with additional shares. + + + +JPMorgan Chase also plans to sell a Rivian share block of between 13 million and 15 million for an unknown seller, sources told Faber. Both blocks of stocks are priced at $26.90 a share. + +Shares of the EV manufacturer have plummeted by more than 50% in the first three months of 2022, reversing course from the fourth quarter, when the company held its stock market debut and saw its value skyrocket. + +[Ford declined to comment, when contacted by CNBC.](https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html) +I've been doing a lot of courier gigs and have made wayyy more than the $400 threshold. I'm really not trying to go to jail, and for some reason we don't learn shit like this in high school and just get tossed into the world but not before they pressure us into taking out MASSIVE loans. Most high school students probably don't even understand the concept of interest. Or maybe it's just Texas? +It's enough to live off the interest for the rest of my life, but just enough. A series of fuck-ups and that income amount drops below that which provides a reasonable standard of living. + +What would some of you redditors do? Buy a business overseas? Get a boat and fish the rest of your life? Start a non-profit? I'd like to think I could do some good for people, but I want to make sure I'm secure first before I do anything. + +We all think having money means an easy life, but unless it's lottery type amounts, you can still screw it up, piss it away, make some terrible investments, etc. If you reach a point where you are happy and self-sufficient, what changes would you make to take you through the rest of your life? + +BTW throw-away account. Ezmillion is actually some guy in Oklahoma or Texas, I think. +It's enough to live off the interest for the rest of my life, but just enough. A series of fuck-ups and that income amount drops below that which provides a reasonable standard of living. + +What would some of you redditors do? Buy a business overseas? Get a boat and fish the rest of your life? Start a non-profit? I'd like to think I could do some good for people, but I want to make sure I'm secure first before I do anything. + +We all think having money means an easy life, but unless it's lottery type amounts, you can still screw it up, piss it away, make some terrible investments, etc. If you reach a point where you are happy and self-sufficient, what changes would you make to take you through the rest of your life? + +BTW throw-away account. Ezmillion is actually some guy in Oklahoma or Texas, I think. +I have been selling everything of value that I don’t need so I can pay off my loan. Once the loan is paid off I will have about $500 more a month from my disability payments. With that money I could move to an area that has more job opportunities. I just need to get out of this tiny town and get a decent job. +To me it seems like a $500K salary is the new benchmark to have a fairly luxurious life in the USA with all the fixings (nice home, nice cars, vacations, expensive meals, etc). This is a take home pay of about ~23K per month in California. To me, this amount of money seems very substantial and an amount where I could actually buy the things I want ($100K vehicle, 1M home, etc). + +I make no where CLOSE to this amount, but I am daydreaming today about having a paycheck so large and abundant I could buy anything I want. I can barely think of any people I know IRL who make this much money. So the topic has me curious: + +- What is your yearly salary? +- What do you do? +- Are you satisfied with your lifestyle or do you wish you had more money? +- What are your expenses like? Expensive house? Cars? Etc. +- Do your friends and family have the same amount as you generally speaking? Less? More? + +Share as much or as little as youd like of course. +Edit 3: This is partially debunked b/c Dlauer has confirmed the halt was LULD, not Reason M. NASDAQ still shows "M" for an unknown reason. + +Several apes have linked to the LULD rules showing that the threshold for LULD halt is 5% and not 10%. They are correct. However, the actual LULD rules calculate on a moving average and use 30s data (not 1m). I don't have that data, so I can't do the math on the LULD calculation. + +For now, **I stand by my statement that the initial halt was NOT triggered by price volatility.** During the 26 seconds from 10:14:01 to 10:14:26 the price barely moved, and was trading within a couple of dollars during the minutes before that. + +It dropped from $92 to $84 in 1 minute at 10:05 and that did not trigger a halt. But, after the price goes from $90 to $94 over 4 minutes (10:11-10:14) it was halted. That just logically doesn't make sense. I will be looking into other avenues on how to determine the reason the halt was issued. (Possibly FOIA or public records request). + +&#x200B; + +**Original Post:** + +By now we are all aware that trading of GME was halted 4 times on May 12, 2022. Because these halts coincided with a big spike (and then fall) in price, it's a foregone conclusion that the halts are due to volatility. I think this is incorrect and that the volatility was CAUSED by the halts. + +You've probably seen this screenshot from another Ape: + +&#x200B; + +[GME Halts on May 12, 2022](https://preview.redd.it/oenlber7aaz81.png?width=802&format=png&auto=webp&s=1419532a365f4ecedf52d026a1f0d0d781cb48ed) + +Unlike other stocks that were halted for LUDP (Limit Up/Down)...GME was halted for Reason Code "M" + +&#x200B; + +[Reason Code M](https://preview.redd.it/1x03hgueaaz81.png?width=655&format=png&auto=webp&s=7c16230d7cc118ec76b3ccff73bf0eeedf0062a0) + +Reason Code M says "volatility trading pause" but also lists "Market Category Code = C". I've looked through all of the abbreviations in every category - and this is the only "C". + +[Market Participant Code C = Electronic Communications Network \(ECN\)](https://preview.redd.it/b65g1dthaaz81.png?width=866&format=png&auto=webp&s=f769bdf96449d3901c52e19090759270b54260f0) + +Now, what \*exactly\* is an ECN? + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/e\/ecn.asp#:\~:text=An&#37;20electronic&#37;20communication&#37;20network&#37;20\(ECN\)&#37;20is&#37;20a&#37;20digital&#37;20system&#37;20that,involved&#37;2C&#37;20offering&#37;20privacy&#37;20for&#37;20investors.](https://preview.redd.it/os0h7ey1baz81.png?width=649&format=png&auto=webp&s=494068427a0fd74c69fa962951f395fb4e5877e1) + +In other words, ECNs are the market makers and other exchanges that provide pricing data. So, at this point, it looks like GameStop trading was halted ***BECAUSE THE PRICE ON ONE OF THESE ECNs WAS VOLATILE***. *If the halt was due to the price on the actual market, then the reason code would be LUDP, like the other halts listed that day.* + +From here, I wanted to see what the stock actually did that triggered the halt. + +This is where it gets interesting. Let's look at reason code "M". These codes are all standardized and are the same on all major exchanges. + +&#x200B; + +[Reason Code of “M” is the volatility trading pause when securities experience a price change of over 10&#37; within a 5-minute period. ](https://preview.redd.it/aa3zg0ffcaz81.png?width=768&format=png&auto=webp&s=461489c8dfac2d1f1399eae31a766671423ba5a9) + +***When a trade triggers a trading pause, NYSE Arca (OR ECN) will send the indictor to the single plan processor.*** *This will result in the trading halt reason code and quote condition code “M” disseminated by CT/CQ to all data feed recipients. Pauses will last at least 5-minutes and end with an auction on the primary market similar to those held at the open beginning and close of each trading day.* + +&#x200B; + +Now, I don't have access to the order book because I'm just a regular ape. However, anyone can go to trading view and get data down to the minute for all transactions. + +[https://www.tradingview.com/chart/?symbol=NYSE%3AGME](https://www.tradingview.com/chart/?symbol=NYSE%3AGME) + +&#x200B; + +[GME Chart from May 12, 1 min incriment.](https://preview.redd.it/l0lxq6tqcaz81.png?width=1474&format=png&auto=webp&s=b7a5daa38fcc95b43a3a166e62e50707cf184864) + +I went through minute by minute and took the Opening, High, Low, Closing, and Volume and manually plugged them all into an excel sheet - adding in the gaps for when the halts occurred. + +&#x200B; + +https://preview.redd.it/ibapd8u2faz81.png?width=462&format=png&auto=webp&s=67953dc8abe83d45fc31eb9b57cf2bb03fae45ef + +From here, I made a formula that, for each minute, checks the previous 5 minutes for the high and low price, then adds or subtracts 10% to get the Reason M High and Low rolling threshold limits. + +I set it to be green if it's inside, and red if it exceeds the thresholds. + +Here's the thing: ***THE PRICE NEVER EXCEEDS THOSE THRESHOLDS.*** + +https://preview.redd.it/dr0i6z24faz81.png?width=640&format=png&auto=webp&s=6ff96e48cc4068a9bdfbaa395c61c96ce72f3cdf + +If the Trading View Data is accurate - ***then there was NEVER any sale of GME that was sufficient to trigger the Reason Code M volatility halt.*** + +**MY INTERPRETATION OF THIS DATA** + +1. A market maker/ECN triggered the halt (reason code M, Market Category C). But there was never any sale that triggered it. (I would love more input on this). +2. Someone bought 10k shares in the low 90's, triggered the halt, then dumped them in the 100's + +**DATA REVIEW** + +Look at the share price leading up to the first halt, and also the volume of shares traded. The price drops at 10:05 from 92 to 84...but then starts to rise. Over the next 10 minutes, it goes from 84 to 94 on next to nothing volume. + +Look at 10:14, just before the first halt. There were only 700 shares traded, then it was halted. 5 minutes later the stock resumes trading for 28 seconds. In that 28 seconds, more than 10,800 shares were purchased between $94 and $99, then there was another halt. + +The stock resumes trading at $102 ($3 higher than when the halt occurred). In the next :23 seconds the price goes up to $108, then gets halted again. Volume is 5k. + +Trading resumes at $108 and, in the span of :17 seconds, drops to $102 and is halted again. Volume is 5k. + +I don't know if it's exactly correlated, but the trading after halt one was 10,809 volume. The trading after halts 2 and 3 together is 10,816. That's weirdly similar considering the trades were done in just a few seconds. + +**SPECULATION:** + +I think the halt was initiated by an ECN in response to liquidity/volume drying up. (i.e., the float is almost gone and they had to do something). So they triggered the halt, then bought and dumped shares. Once the liquidity increased, they could further short and/or ladder to get the price back down. Then, because we're in the news again and the halt - everyone pours back in and there is volume to manipulate again. + +There's just literally no other reason I can see for the first halt at 10:14. It had gone up a couple of bucks in the previous few minutes but was relatively stable and unchanged immediately before the halt. + +**FURTHER THOUGHTS** + +I don't have access to the full order book. I would like to look at all of the orders that cleared during those halts and see if they originate from the same source. I also want to look at any options contracts or derivatives that were bought during the same time. I'd also like someone with wrinkles to explain any reason they know why the stock would be halted at 10:14 when there was low volume, and the price had not changed dramatically. (The price change came AFTER the first halt). + +I think this points towards some kind of new fuckery - but I just don't have the resources to drill down any further. Please review and let me know your thoughts or what else we can look at, or if I have missed something obvious. + +&#x200B; + +Edit 1: there is a non-relevant typo in my sheet for the closing price at 10:11. It was $90.35, not $99.35. + +Edit 2: credit to u/hank101 for this screenshot: + +This obviously did not go through as an order, I am unsure if this would trigger a halt - but the spread looks fucky for sure. + +&#x200B; + +https://preview.redd.it/tfx0sg3uraz81.jpg?width=770&format=pjpg&auto=webp&s=ca2524c7b614bb907cf4eecb36a1aecea96ccd60 +Context: my family is planning on buying a condo in Toronto, Canada (yippee hot market :O), and we came across something unfair. We put in a deal for a few grand lower than the seller's asking price, and surprisingly, our deal was accepted. The seller sent over the purchase agreement (signed), we signed it and sent it back. + +After 2 weeks of going under the radar, the seller's lawyer contacted us and is bringing up the idea of changing the price to a higher than the original asking price amount (which is of course much higher than our bid price as well). Of course, we're confident in our case, since the contract has been signed from both sides, but the seller's lawyer is bringing up weird reasons why the contract shouldn't go through. + +We're assuming the seller has another buyer with a higher price, and of course, we have nothing to worry about in this scenario as the contract is legally binding and all that (or am I missing something here?), except for **one concern. What if, after the deal goes through, we find the space damaged somehow by the seller? Is there anything we can do now to prevent this?** +The general consensus is that inflation is better than deflation, because inflation incentivizes economic growth and deflation incentives the hoarding of capital. + +What I don't understand is that the main deflation example people point to is the Great Depression, which seems disingenuous because it was literally one of the worst economic crashes of all time, and the deflation was pretty extreme. Pointing to the Great Depression as a deflation example seems like pointing to Zimbabwe as an inflation example. + +If we had *moderate* deflation, similar to our current system of moderate inflation, it seems like it would be a much different scenario. People wouldn't be so incentivized to chase yield in speculative assets, and instead only sound business' would receive investment. + +In our current system, I've never found myself buying something today instead of tomorrow because I was worried about the price going up, so inversely, I don't see why people would hoard their money out of the fear of prices going down. + +Aside from that, it also seems like in modern times it'd be much easier to control runaway deflation than runaway inflation. + +**Do we have any deflation examples (anywhere in the world) other than the Great Depression, or is that pretty much the standard of what people go off of?** + +**Has anyone ever addressed these points before either in written or video form?** + +Maybe it's because I'm 23 and stupid, but I just can't figure out why we all agreed that having our money lose value is a good thing. + +Edit: For some reason only one of the comments aren't showing up so apologies if I don't reply. I'm not sure if anyone else ever has this problem but reddit occasionally does that for me and I just have to wait a day or two. +Experienced investors and traders, I call upon you to help answer these questions and maybe start a little discussion: + +1) What are the biggest disadvantages of investing in ETFs instead of the same individual stocks? + +2) What are the biggest advantages of investing in ETFs instead to the same individual stocks? + +3) What are the biggest mistakes you've made/hardest lessons learned regarding ETFs since you started investing? + +4) What is one random and/or recent ETF you've been excited about? +EDIT9: Update from PM_ME_DANK_PEENS, read and come to your own conclusions and/or do your own DD +https://www.reddit.com/r/Superstonk/comments/rgpa9h/this_keeps_getting_buried_if_you_have_ally_as/ + +Update: seems like I've been banned for 7 days for spamming, good luck and do your own DD to all those who DRS-ed your IRAs with custodians, hope you don't get screwed + +I won't be able to reply, so DM me or tag me in another sub. I'll continue to update this post with evidence gathered by other apes so if anyone wants to carry the torch to make a new post, you will be able to + +EDIT8: Can they sell your shares without permission?[https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3](https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3) + +EDIT7: `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/hoe4fqa/?context=3)) just provided an update, foobar did not provide hard written evidence yet. + +>I called this morning. I was connected to a call center agent. She said yes IRA in a custodian account are held as book entry and they are removed from the DTC. They are held in the name of the custodian on your behalf. +> +>She had a hard time understanding why I was asking all this so that’s the best answer I could get. I was unable to get the chat bot to connect me to a human. I’m going to send an email to them now asking the same questions. I did ask about talking to someone higher up, but she wasn’t able to. +> +>This leaves the question can shares that have been withdrawn from the DTC but held by the custodian be somehow lent out by the custodian? I’m not sure how they could be if they’re in book entry form and not at the DTC. I will try to get a better answer by email. + +EDIT6: /u/Parris-2rs ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho7oy39/?context=3)) and `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho94zoq/?context=3)) have taken it upon themselves to check with ComputerShare and provide evidence to the contrary. Let's patiently await to hear from them on Monday. I'll update this post (and likely make a new one) once they share their findings with us. + +Post [died in new](https://www.reddit.com/r/Superstonk/comments/rdo33w/what_does_it_mean_for_my_ira_drsed_shares_to_be/), reposting. + +I'm sure many of you have seen [kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) posting this same comment across different threads. I did, and initially dismissed her claims until her persistence finally got me to try to help. + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcdkdo\/credit\_to\_ukittiesplustitties\_ira\_discussion\/ ](https://preview.redd.it/jgu2av0ep0581.png?width=686&format=png&auto=webp&s=acc1efe9b738d9c670faaa4eab699be91f3f0577) + +I'm also sure many of you have seen youniversawme 's [post](https://www.reddit.com/r/Superstonk/comments/r0zpsa/drs_for_ira_stepbystep/) + +[Extracted from youniversawme's post - statement from Ally](https://preview.redd.it/tl2zp20ip0581.png?width=607&format=png&auto=webp&s=5c08ffe8eb95bc4800b17753bab696407e495c93) + +And also saw PCBSD2's [post](https://www.reddit.com/r/Superstonk/comments/re378o/keep_this_from_being_downvoted_how_to_get_those/) + +[Extracted from PCBSD2's post - markings are mine](https://preview.redd.it/boux9su9p0581.png?width=879&format=png&auto=webp&s=f99a593c3a3f5b4298cc22578a79c83680bf8f44) + +[FIDELITY VS AER ADVISORS LAWSUIT](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf) + +[https:\/\/www.supremecourt.gov\/DocketPDF\/19\/19-347\/115806\/20190913171623872\_AER&#37;20Advisors&#37;20Inc&#37;20et&#37;20al&#37;20v&#37;20Fidelity&#37;20Brokerage&#37;20Services&#37;20LLC&#37;20-&#37;20Petition&#37;20for&#37;20Writ.pdf](https://preview.redd.it/eyqt07c301581.png?width=443&format=png&auto=webp&s=1476fd9bf070beff4e17f463e58cb5043401df67) + +This is youniversawme's TL;DR from his post + +>TL;DR +> +>Steps I took to DRS my IRAs: +> +>**Step 1:** Open and transfer to a matching type IRA at Ally Invest (or Axos, or any other that agrees to be custodian for a DRS transfer) +> +>**EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️** +> +>**Step 2:** Upload a LOI (Letter Of Instruction) with a bunch of info on it. Cost = $115. +> +>EDIT: [Here is a Letter of Instruction template](https://imgur.com/a/Be3qBxk) made and shared by [u/lucidfer](https://www.reddit.com/u/lucidfer/) based on my chicken scratched letter. It worked, and feel free to use it as needed! +> +>DRS = Safe Zone. Computershare will protect the beneficial owner (me) from any attempted shady transactions of my shares via mail to me and allow me to override said shady transactions. +> +>If you have issues with the custodians here, Apex or Axos, scroll back up and read that part. I did too, but CS pretty much put them at ease. +> +>**Step 3:** When it's time to transfer out of DRS, lots of ways to do it, but the easiest (=upload 1 form), fastest (=1-2 days) and cheapest (=free) is to use the DRS Profile system through **the broker of your choice**, to wherever you want the shares to go. +> +>For me, confirming that Step 3 was a game changer. Not so much to be able to transfer out to sell quickly, but to have the ability to easily transfer out my IRA shares to ANYWHERE I want them to go. + +So who's correct? Can your shares be lent out despite being "directly registered" in Computershare? + +Notice the quotation marks as the "direct registration" you see youniversawme and PCBSD2 advocating is FUNDAMENTALLY DIFFERENT from the "direct registration" of non-IRA shares THAT ARE ACTUALLY REGISTERED IN YOUR NAME in GAMESTOP's Company Ledger. + +Let's find out if their claims are true! + +&#x200B; + +In youniversawme's TL:DR + +This is very important to note + +1. **EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️** + +&#x200B; + +**Why does them asking about lending your shares matter?** + +It means your IRA shares are registered under Ally's name! And with a switch, they can just turn on lending behind your back, [just like Fidelity did above](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf). + +**But, but...It says DRS invoice #: 0000000000000, so it's DRS-ed and the shares are registered in your name!** + +Yes, I hear you. Aside from the shady invoice number you're given that you should think about, the statement is provided by Ally. + +**Why does the statement being provided by Ally matter?** + +Ally was one of those brokers that turned off the buy button back in January. Can they really be trusted for what they tell you? Are they incentivized to convince you that your DRS-ed IRA shares are in your name when they are ACTUALLY NOT? Yes. Because of share lending. + +**Okay, I don't trust you, this must be a FUD campaign by you shills to discourage us from transferring our IRA shares to ComputerShare!** + +Sure. You don't have to trust me and I'm not asking that you do... + +&#x200B; + +**So who can we trust to find out the truth?** + +I'm glad you asked. This [person](https://www.reddit.com/user/me/)....ComputerShare is the authoritative reference that everyone should ask regarding direct registration. + +**But, but, I eat crayons, I'm too smooth-brained and don't know what to ask them!** + +No worries, [The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) got you covered. Here are some questions he specifically asked them (replies in screenshot below). Added \[square brackets\] for context. If you have better questions to ask, feel free to add in the comments and I'll edit them in the post. (I thought of the last 3 questions myself) + +1. For clarity, these \[IRA shares registered via Apex as custodian\] are direct registered shares in my name correct? +2. In the case of a dividend being issued to custodial shares the dividend would be paid out through you to me, correct? +3. As custodian does Apex have any ability to sell these shares, or am I the sole individual that can issue a sell request? +4. Are these shares removed from DTCC? Are they **Beneficially Owned Shares** or **Registered-Ownership Shares**? (see ComputerShare Company Share Structure image below) +5. Are my self-directed IRA shares with Camaplan removed from Cede & Co and registered in my name as a registered shareholder in GameStop's ledger? +6. Can my custodian (or Camaplan) lend out my shares with or without my permission? +7. EDIT4 ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho874m2/?context=3) by u/tinytankhank) Am I the Legal Owner or Beneficial Owner of my shares? + +# Possible Proof from The_Kudzu that your shares are NOT REMOVED from CEDE & CO + +[ The\_Kudzu's due diligence with ComputerShare chat https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcxt3p\/ira\_drs\_information\_regarding\_custodial\/ ](https://preview.redd.it/e03rc87op0581.png?width=1303&format=png&auto=webp&s=6b995a1c0be92bbeb68a1b056d9523c0a20317b9) + +Now go forth and do your own due diligence to ask ComputerShare for answers. + +And I implore you to share evidence of your correspondence in this thread, link to a ComputerShare chatlog, or a recorded voice call with ComputerShare, or an email reply by ComputerShare, or *via the contact form on their website* (EDIT3 Additional source of info by u/Jay4usc). This will help build evidence-backed consensus and get us closer to the truth . + +For those planning to DRS via [Camaplan](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/), I suggest you verify the same questions above with ComputerShare as well. + +**If they tell you your account is under Checkbook Control, that's another way of saying beneficial ownership.** + +[\/u\/Toxsic99 - ComputerShare's company share structure - This could be a TL;DR of sorts https:\/\/www.reddit.com\/r\/Superstonk\/comments\/q0mu9l\/computershare\_cs\_now\_has\_a\_diagram\_that\_shows\/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf ](https://preview.redd.it/3skb0j8rp0581.png?width=894&format=png&auto=webp&s=ca860a5a6c5dfdb1ffa063f0e95646f02c3fae49) + +# + +# AFTERNOTE + +**But..But..ComputerShare doesn't want to entertain my questions!** + +Transfer ONE share over and ask them! That will give you skin in the game. A 1 share holder is still a shareholder as much as an XXXX share holder. + +**So I've verified your claims with ComputerShare, wut do? I can't DRS my IRA shares** 😭? + +[/u/Cextus](https://www.reddit.com/u/Cextus/) has [this](https://www.reddit.com/r/Superstonk/comments/rcybn6/so_fidelity_was_asked_if_there_could_be_any/hnzbbjy/?context=3) to say: + +>I sent an email to gamestop IR, about enabling us to register SDIRA under CS... Let's see what they say. + +As for me, my hope is that if enough apes ask about it, GameStop will have their transfer agent enable this service for their shareholders and customers, fingers crossed. + +# EDIT5: If you haven't tried transferring your IRA shares directly to ComputerShare with their transfer wizard, give it a shot and let us know how it goes! ([Context](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/ho6kdhf/?context=8&depth=9)) do verify the URL yourself + +[https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard](https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard) + +&#x200B; + +Or just take the tax hit (early distribution, transfer-in-kind) like [Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) and a few others did, [more info here](https://www.reddit.com/r/Superstonk/comments/r7hzl1/drs_your_ira_the_yolo_way/), the key point: THE 10% PENALTY ONLY APPLIES TO YOUR GAINS AND NOT THE PRINCIPLE OR CONTRIBUTIONS. **Or wait till Jan 2022 so the taxman only comes in 2023, giving you plenty of buffer to build up the funds to pay your taxes.** + +EDIT6: Do check out /u/lovely-day-outside's new [DD](https://www.reddit.com/r/Superstonk/comments/rerlhp/potentially_large_tax_implications_of_an_inkind/) on possible tax implications! + +&#x200B; + +# EDIT: I GOT TRICKED! HOW CAN I MOVE MY SHARES AND ACTUALLY DRS THEM FOR REAL? + +[u/PM\_ME\_DANK\_PEENS](https://www.reddit.com/user/PM_ME_DANK_PEENS/) got you covered in his new [post](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/) and also verified the claims in this post, check his post out! + +https://preview.redd.it/9mafgems61581.png?width=1125&format=png&auto=webp&s=cc672f874ddef47b3046791f610999ab53d6c183 + +&#x200B; + +P.S. For those who have done their own DD to verify the claims in this post, given what you've learnt what do you think should be done to the misinformation that youniversawme and PCBSD2 spreaded? + +&#x200B; + +Discussions on topic: + +[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnua8qp/](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnua8qp/) + +[https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/](https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/) + +[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnze0ho/?context=3](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnze0ho/?context=3) + +[https://www.reddit.com/r/Superstonk/comments/rcqz41/news\_dec\_9\_21/ho1zizw/?context=3](https://www.reddit.com/r/Superstonk/comments/rcqz41/news_dec_9_21/ho1zizw/?context=3) + +&#x200B; + +EDIT2: Relevant DD by u/Corporal_Retard regarding share ownership + +[https://www.reddit.com/r/Superstonk/comments/rcvazb/dd\_the\_manipulation\_trifecta\_on\_this\_episode\_of/](https://www.reddit.com/r/Superstonk/comments/rcvazb/dd_the_manipulation_trifecta_on_this_episode_of/) + +&#x200B; + +All credit goes to: + +[kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) for her perseverance and strength of heart to go against the prevailing sentiment to get the information out to the rest of us smooth-brains. + +[The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) for entertaining my suggestions, and verifying and providing evidence from ComputerShare. + +[kendie02](https://www.reddit.com/u/kendie02/) and for entertaining my suggestions and trusting themselves to verify with ComputerShare. + +[Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) for sharing information on the 10% penalty on gains for IRA shares. + +[Toxsic99](https://www.reddit.com/u/Toxsic99/) for sharing his DD on ComputerShare + +[Jalatiphra](https://www.reddit.com/u/Jalatiphra/) for helping to share the information and lovingly chastised me for not creating a post to share such important information. :P + +P.S. Feel free to crosspost to other subs, I take no credit +Here is the EOS wallet: + +https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx + +This is the address EOS is transferring over 300k ETH to: + +https://etherscan.io/address/0xa72dc46ce562f20940267f8deb02746e242540ed + +Click any recent transaction on this address, most of them are linked to bitfinex wallets. This address had 47k eth sent to it. Let's inspect that wallet where the 47k was sent to: + +https://etherscan.io/address/0x16fe4f84a6e17ce73e7104cb1039e0e1a15d2471 + +Bitfinex wallet. http://i.imgur.com/0GZrQ92.jpg + +Edit: here's another one with well over 60k eth (https://etherscan.io/address/0xfba4ee9f16566d048c56893e993188d7b67ac5a9 )- + http://i.imgur.com/at2MrOv.jpg + +Long story short, some of the bigger ICOs are cashing in and contributing to a decline in price. TenX is doing the same. Buckle up ladies and gents, we're going to have to endure the consequences of some of you becoming overzealous ICO flippers. Now the whole crypto market might be taking a hit. +# Vanitytoken # + +We generate vanity addresses which are customized and, are used to categorise your wallets. Or just to show off We aim to provide our customers with their personalised address, which they can choose themselves, or choose from a preset library. + +# How do we ensure safety and security? # + +We use a technique called split-key vanity address generation. This is a type of vanity address, generated from one or more ECDSA private keys. The general use case is when a user makes a key-pair and only shares his public key. Everybody can use this public key to find the complementary public key leading to a vanity address. The user can then merge his private key with the complementary private key, leading to the private key of the vanity address. +# In more simple terms: + +1. You generate 2 Keys , One is your private, one you send to us +2. Using The key you sent us, we can generate the vanity address you want +3. We then send back another code , which you merge to generate the address! +4. Now you are the only holder of the private key, and your new vanity address. + +# How does the store work and how are prices determined? + +The store allows you to specify your desired vanity address, the longer the number/letter, the more time consuming the generation is. This is why longer addresses are more expensive. Everything is paid in our tokens. 50% of all tokens used in a purchase are getting burned, an 20% is getting redistributed. the remaining 30% is used for servers. We are renting servers which use 5x 3090's to generate the addresses. + +# 💬 Telegram: t.me/vanitytoken + +# 🌐 Website: vanitytoken.net + +&#x200B; + +&#x200B; + +## Some essential information about $VANITY: + +|Marketing/Vanity Generation|Burn|Reflection to holders| +|:-|:-|:-| +|The marketing/Vanity Generation wallet receives 2% of transactions. This is used for expensive servers which generate addresses, which are given away. The rest is used for marketing purposes.|2% of all transactions are burned indefinitely. This will gradually increase the value of all other tokens.|4% of all transactions are automatically redistributed to all holders.| + +&#x200B; + +Ever thought that custom plates for cars are cool? Here we are to apply the idea on cryptos! Welcome to the Vanity world! VanityToken is a service and a token, the tokens you buy can be spent to use our product, with every purchase. +That’s kind of weird to start off with^ but I’m in high school and I want to read more over the summer. Does anyone have book suggestions on business and finance? I want to know more about big boy stuff like (LLC??) or taxes. + +Edit: Thank you so much for the suggestions! There were way more than I expected. +This is more of a cautionary tale than anything else. I was out to dinner last night when I received an email from PayPal, in Spanish. I assumed it was a phishing attempt until I saw that it actually came from @paypal.com + +I put the email through Google translate and it churned out perfect English (no misspellings) and informed me that my request to transfer $500.00 from my bank account to my PayPal balance was processing and that the funds would be available on Monday. When I went to log in to my account, my password didn't work so I reset it and I did indeed see the -500.00 transfer in my account, so the email was legit. + +PayPal was closed when this happened but I called my bank to alert them of the fraud. + +I called PayPal this morning and when I went to log in to my account again, they'd changed my password *again* overnight. I went through and changed all my passwords everywhere and PayPal sent me a secure reset password thing and locked down my account. + +Turns out, someone gained access to my email and sat on my PayPal account for a month and tried to slip this in on the sly. PayPal said that they send the email in Spanish because most people will assume that it is spam and not realize it's a legitimate PayPal email. Once the money is available, they transfer it to their own account. She said I was fortunate to catch it before it got to that point because they're able to cancel the transaction. Super creepy knowing someone was watching all my Uber transactions for a month. + +Anyway, I had never heard of this particular scam so I hope my story helps someone else! If you see an email from PayPal in Spanish or another language, double-triple check it! + +As the great philosopher DJ Khaled said - "Another One" + +These businesses are dropping like it's hot. Not a good time to be in the industry or getting a house built. How many more will we see, a new one each day?? + +Daily Telegraph link- + +[Sunshine Coast building company Pivotal Homes goes into liquidation | Daily Telegraph](https://www.dailytelegraph.com.au/business/companies/sunshine-coast-building-company-pivotal-homes-goes-into-liquidation/news-story/d1b19dd0defcc1ecdeaae8464e6ef815) +He is a piece of Garbage, but I do have lots of interesting experience regarding many whom are not garbage. I won't go into too many details given it won't be difficult to figure out who I am. I also became a teacher because of the ethical complications of that past job. Ask away. +Surging bond yields have triggered hedge funds to sell growth-focused technology shares at a speed not seen in the past decade. The hedge fund community dumped tech stocks in the four sessions between Dec. 30 and Tuesday as interest rates spiked. The four-session tech unloading marked the biggest sale in dollar terms in more than 10 years, reaching a record since Goldman Sachs’ prime brokerage started tracking the data. + +Tech stocks are seen as sensitive to rising yields because increased debt costs can hinder their growth and can make their future cash flows appear less valuable. The tech-heavy Nasdaq Composite has sold off more than 3% this week, underperforming the S&P 500, which dipped 1% during the same period. The rate spike in the new year resumed Thursday, with investors assessing the Federal Reserve’s faster-than-expected policy tightening. The yield on the benchmark 10-year Treasury note hit a high of 1.75% during the session, rising for a fourth straight day. The benchmark rate ended 2021 at 1.51%. + +Yields jumped after the Fed issued on Wednesday minutes from its last meeting, which showed the central bank could become even more aggressive than expected about raising interest rates and tightening policy. Goldman noted that hedge funds’ selling of tech stocks is driven almost entirely by long sales, in contrast to mainly short sales seen in the last two months of 2021. The selling was driven by software and semiconductor stocks, the Wall Street firm said. + +https://www.cnbc.com/2022/01/06/hedge-funds-are-selling-tech-shares-at-their-fastest-pace-in-a-decade-as-rates-spike.html +There is an article back from 2018 that says that most gains for $SPY happen overnight stating that you could have done overnight hold since 1993 and be more profitable than running the same by marker hours. + +I thought why not to review this thesis in a bit more detailed way. I set a simple backtest that is not going back to 1993 but rather just to Jan 1, 2010, holds overnight and sells in the morning. + +**The Setup** + +* $10,000 to trade daily (nightly actually) +* Trading only $SPY +* Buy at 3:59 using a market order +* Sell at 9:30, 9:31, 9:32, 9:33, 9:34, 9:35 (let's see which one does better) using a market order +* Do not trade on early close days + +[Strategy setup](https://preview.redd.it/hnkgjkb0jlg81.png?width=2468&format=png&auto=webp&s=aa942219dcd8b094e0e6d953d4a6b4a646b507ac) + +**The Results** + +[Cumulative gain since Jan 1, 2010](https://preview.redd.it/dgxff1z4jlg81.png?width=1220&format=png&auto=webp&s=3fe0c414fdccd5db3615c6e501871a8438dfe5f4) + +[Gain by year](https://preview.redd.it/6thwzrj8jlg81.png?width=1864&format=png&auto=webp&s=8eb4cda196305b3b4fc3430c737b9f80ba3e77d1) + +PS: This post is for fun and educational purposes only with no attempt to beat buy and hold. Do not use this is a trading/investment advice. +I’m curious to hear peoples issues with the MMT school of thought. + +Please don’t post over simplistic “it’s dumb” answers. I want to know where the fundamental arguments lie. +I live in france, where protests are demanding a higher minimum wage. The hourly salary is currently at 9.88 before taxes, and 7.83 after. + +If it could be answered relative the context of france, that would be fine. + +Is there a point where a higher minimum wage also results in higher unemployment? +&#x200B; + +[Parabolic Strudel - The Ingredients](https://preview.redd.it/emiby2pitw571.png?width=457&format=png&auto=webp&s=3e4afde797086bea502f76ad20a725d6f154a790) + +# Preface + +I've been following the extreme patterns and data points that GME presents for the better part of the last year. In that time, I've been refining a few theories specific to parabolic behavior. Whether at the 1-minute level or at the 1-day perspective. I have found that depending on the market conditions and with a particular set of variables, the price action for GME can be rapid and to a degree predictable. This analysis will show you a pulled-backed perspective and how the measure of 7 is the difference between a parabolic event or not. + +# The Theory + +**The RSI level for GME is being suppressed below the value of 53. If suppression were to lessen or stop, the strength and price action of GME would rapidly ascend with an unknown trajectory would persist.** + +*"Madie, so what you're saying is if GME gains enough strength and begins below RSI 53 and ascends past it to RSI 60 at the 1-day chart, that a parabolic event will happen?" - Yes!* + +[I am not a cat, but I am a fan of The Doctor.](https://preview.redd.it/8blejy727y571.png?width=1600&format=png&auto=webp&s=f2d232d539af7c0ef98b383391e574bb036abdbd) + +# How accurate is your data? + +I float on a few discords, I've been vibing on the WSBN Discord as of late.💚 At times, I will test data in real-time to gauge momentum shifts, whether negative or positive. I don't let people know the outcome to mitigate someone taking it as financial advice. I have a solid pattern of momentum shift predictions. At this point, the theory work is very close to near accuracy. In the chart below, I indicated a time and momentum shift. It just so happen to extend into a parabolic event. + +[A different theory measured at the 1-minute level.](https://preview.redd.it/owggil0prx571.png?width=672&format=png&auto=webp&s=2c2a91642df9741c636afb8a6c598a9eee831bae) + +**A few of my previous theory posts**. + +[The Theory on GME Parabolic Activity](https://www.reddit.com/r/Superstonk/comments/nn4a59/the_theory_on_gme_parabolic_activity/?utm_source=share&utm_medium=web2x&context=3) + +[Working Theory of Parabolic Events 2.0](https://www.reddit.com/r/Superstonk/comments/neopc9/working_theory_of_parabolic_events_20/) + +[I'm bullish - Testing my Parabolic Theory](https://www.reddit.com/r/Superstonk/comments/nuutpg/im_bullish_testing_my_parabolic_theory/) + +# Indicators & Purpose + +I see the potential value of this theory work to help define or create novel indicators to understand market conditions and landscape. All indicators use specific and public data points to provide us with a measure, not an answer. When the MOASS comes and goes, many of us will return to the market. I want to apply my theory work towards enacting change and scaling indicators based on the lessons learned and data related to GME, Shorting, et al. Indicators are in need of a refresh. + +[https:\/\/www.investopedia.com\/top-7-technical-analysis-tools-4773275](https://preview.redd.it/9vaet9zvsx571.png?width=610&format=png&auto=webp&s=438023852753e66d8f7445f7ac82c010accd1cda) + +# Why should we care about new indicators and crazy theories like this? + +**Exhibit A** \- PLEASE WATCH JUST 2 MINUTES - Sorry, not yelling, but this sums it up and I'm sorry if you punch your screen. + +["How Ken uses your behavior and his Quants take advantage of the retail trader."](https://youtu.be/5KOT0_I4Fvw?t=154) + +*"Ken,* + +*I'm Madie, a human/ape Quant that has found your patterns in mere months. Your Quants are weak."* + +&#x200B; + +https://preview.redd.it/hyhlj9i61y571.png?width=570&format=png&auto=webp&s=b67323219d936dfd04f1b37e588ab489df830e52 + +# The Many Big Brains + +I have been very fortunate and humbled to be invited and collaborate within a few big-brain quant groups. I have found that many DDer's are finding quantifiable data but it doesn't exactly match up with other DD's to create a consistent argument basis. A good example is whether the T21 date is right or what is truly driving FTD data? The calculations line up but don't always align with the border theory. + +It is my opinion that it isn't a matter of whether the DD is wrong. If the data is verifiable and can to a degree be quantified, then I feel that this is a new pattern of suppression that has been discovered. + +Some will argue that the DD is simple, buy and hold. With that said, the evolving DD is still important work, it very well could uncover the manipulation of the system that is suppressing GME. All these patterns and data points will be validated when hedge fund data is made more public in the future. I foresee the correlations between the DD's we know of today and connections to specific patterns connected to Algo trading patterns. I think much of what we see is the patterns starting to become more obvious. + +So let's dive a little deeper! + +https://preview.redd.it/v3lfipkvtx571.jpg?width=1995&format=pjpg&auto=webp&s=0de76dbc516cc6fc005e43b7835b54369d7a727c + +# The Deep Dive + +In this deep dive, I found a consistency of parabolic activity triggers. This measure of parabolic activity is specific to GME. The practice of shorting GME greatly influences the suppression of the strength and momentum of GME. + +&#x200B; + +[It's colorful and this is worthy of absorbing. It is the magic variable.](https://preview.redd.it/v0posaxalw571.png?width=470&format=png&auto=webp&s=75a84c5f62782bceb56831344ce603c77c4dbe97) + +# The Visual Indicator + +Parabolic occurrences are represented using rockets. The size represents the strength of the parabolic event. RSI 53 ascending to RSI 60 = Parabolic Event + +[I would recommend opening the chart in a new tab. The devil is in the details.](https://preview.redd.it/d2wkjnrviw571.png?width=3140&format=png&auto=webp&s=29721d3aaf783fec2c2ceabe6345b0b167f6ecfd) + +&#x200B; + +[Parabolic Events are defined when RSI exceeds a value of 70+.](https://preview.redd.it/47zb03uzkw571.png?width=437&format=png&auto=webp&s=ed7c95cf0687de4574d92c013781e48ecad66994) + +# A Closer Look + +This chart began at 5/3 using the daily chart. Notice the daily RSI build and eventual outcome of a parabolic event (RSI 70+). + +[GME Chart at 1D, starting on 5\/3 - 5\/27](https://preview.redd.it/reo2zwguxw571.png?width=2704&format=png&auto=webp&s=a1741235af3dd0ba8fb889e14af5152679d61fdd) + +# Quant, you say? + +Here is the quant data pertaining to the reasoning and use of RSI 53. I used a frequency polygon to determine the median factor of all RSI levels. 53 was the winner. + +&#x200B; + +https://preview.redd.it/jqivil2vrw571.png?width=456&format=png&auto=webp&s=afc9d0933afc4ffb7ab46cd720fdb942c7571184 + +The frequency data set being used is between 8/26/2020 - 6/17/2021. The frequency represents the number of times that RSI dropped from RSI 53 to a value below 47.00-53.99. + +&#x200B; + +https://preview.redd.it/17amvxcmcw571.png?width=1041&format=png&auto=webp&s=cfc6084f19cd4fd3fd0a1daaccc68c3a2b7f5c34 + +The number 53 represents the lowest number with the highest frequency of being a part of parabolic price action. + +[Winner Winner, RSI 53 is the magic variable.](https://preview.redd.it/te3xpnyqcw571.png?width=134&format=png&auto=webp&s=44fa322c40d024e0ab5a3844302ad63496b41426) + +[A standard chart.](https://preview.redd.it/hngos60ucw571.png?width=450&format=png&auto=webp&s=31dd3230da295b590c7fd3f3e384fbfb0a9300d8) + +# Conclusion + +If GME were left to run past RSI 53 and ascend to RSI 60+, the result would be a parabolic event. It's as simple as that. GME is influenced by many factors, but the data in this analysis should conclude that between RSI 53-60, the factor of 7 is what remains between the parabolic and the suppressed state. The fact of the matter is that this method is beginning to show a trend towards a declining slope of effectiveness. Educate yourself and keep your head on a swivel. 💚 + +&#x200B; + +[...or is it?](https://preview.redd.it/cixamn8vqx571.png?width=496&format=png&auto=webp&s=1295d88f12ba849d87310aa97b681b5a92eae620) + +**Sources** + +[GME - Shares Short](https://www.ortex.com/stocks/26195/shorts) + +[Technical Indicators](https://www.investopedia.com/top-7-technical-analysis-tools-4773275) + +&#x200B; + +**Update:** + +Oh hey there! Wow, I should post more DD's at Midnight. Thank you to everyone who has liked, awarded, or commented. Save the awards for tendies. I am just very happy that the data caught your attention. + +There has been some discussion on correlation does not imply causation. I am reminded of it each time I draw new conclusions. My process challenges the conventional methods and the understanding of the current market structure specific to GME. Admittedly, the way I use RSI is considered unconventional in nature. In this analysis, I wanted to demonstrate how the measure of 7 is the difference between a parabolic event or not. I felt I was able to accomplish that. I didn't say I was also going to include the secret sauce ingredient list. 😎 + +Who would have thought that a kite would have been a part of the discovery of electricity? A kite was never designed to be used like that, but here we are. We evolve with the tools around us and sometimes, we stumble across new perspectives that help shape novel methods to produce new tools of measurement. + +I ask that you keep an open mind. Pull back the lens of perspective and get you a wrinkle or two.💚 + +&#x200B; + +**TL;DR: Keep Holding! 🦍🚀🍌** +He had a rich history of gambling and caused a huge financial burden to my mother. They are now separated and regardless of this, we don't have a choice but to live together. I could go on and on about this, but I'm sure there are stories similar to mine. + +We were casually talking about my PT job and all of a sudden he shifts his topic about me helping out with their mortgage: as in applying in the future to help them get a better mortgage rate. His credit score is terrible which affected both of them living off paycheck to paycheck. I help out as much as I can but my mother wants my dad to be held accountable for the situation we are in: She wants me to save $$. Regardless of that, he insists that paying mortgage should be passed onto me and Idk how to feel about it. I'm graduating in April and I'm guilty of thinking this, but it's not fair to me. I don't have a lot of money and he makes me feel like I can't think for myself and how I should use my money towards. + +Not only did he speak of mortgage, but he insisted on opening a CC under my name with him as an additional cardholder. He said it could help with my credit score but it is perfectly fine. I have so much frustration in me because he has asked me to help pay part of his debt of $20,000 from his previous CC that is now closed. That's how severe his gambling addictions were. When he asked for more money, I had enough of him and said no. He would berate me and slam stuff but apologize after a week or so. Idk how to respond to him and I'm worried about the outcome. For years, our financial situation has not changed. I feel stuck and burdened. + +Somebody please, pinch me. I wish I were only dreaming. I feel stuck in this never-ending burden of my father asking me to help them with a mortgage, CC, f\*k knows what else. + + +EDIT: Thank you guys for taking the time to respond to my post. I've really only talked about my situation with one person in my life, and I'm glad I took this to the internet. A lot of you made very good points I didn't think twice about: it was an absolute eye-opener. For those wondering, I did not open a CC with my father and I don't plan on getting him involved with my finances. It's going to be a heavy-heart journey... It'll be worth it. +Doing uni part time and finally got a job wirh a part time contract rather than casual in a sector I love. + +I read barefoot a couple of months ago and finally cracked $2000 yesterday. I’ve never had that money saved without it being towards something. + +I feel really good about it, and just wanted to share it with people who get it +Hey all.... just a friendly reminder that the market is still full of fuckery and that when you sell your shares to move onto a different financial reality, use limit orders and limit orders only. + +It would be a shame to wait as long as we have for MOASS and for your shares to sell at a price below what you find acceptable. And if you don't think that the market will try to fuck you over and take your shares for an amount far, far, FAR less than that... well, you haven't been paying attention. + +Be safe, limit orders only. You set the price and nobody else. +As a young person i was poor, barely scraping by and this continued for many years. Looking at retiring at 65 in a few years. I have a bit of a nest egg, nothing like you guys have. +If anyone reads this sub and wonders if its a good idea, as a person who wishes like hell they'd been able to hear and follow the advice, I say you've got nothing but poverty to lose trying it! +I admire all of you. +There is a lot of truth in Blaise Pascal's quote, "_All men's miseries derive from not being able to sit in a quiet room alone_." + + + + +There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling securities daily or sufficient knowledge to make his play an intelligent play. + + + + + +A no trade day is a good trade day because you have made a guaranteed $0 and not lost a single penny that day. Now that's a good trade day. It shouldn't be a bad thing to not have a trade running. +Hi all, + +I understand that getting life insurance for my baby would be the Cheapest right now. For people who are wondering why I’m even thinking about this is because + +1. The premiums I believe would be very low.(Not sure exactly because haven’t spoke to my insurance guy yet) +2. I want to be able to transfer wealth to my grandchildren (I know I can’t tell the future, but hopefully he will get married and have kids) + +Thoughts on what my insurance will offer me? And thoughts on if I should actually get it or not. + +Additional info: My wife passed after giving birth. Not sure if info needed but wanted to give a full picture of my situation. + +Thank you for reading/responses. + +Update: I’m getting a lot of have a policy on yourself comments. I already have 1m+ between term and whole life policy I have. Thanks for the people who suggested. + +Update: Few have been suggesting 529s..but +Yea the only thing is my wife and I had a conversation +and was ok with our son not going to college IF he +decided to go the Entrepreneur route which is what my +wife was passionate about and being self employed. +Ofcourse our plan was to raise our son with the intention +of teaching about finance and business. We really +wanted to teach him to work for himself rather than +work for someone else. But as we know, I guess +anything can happen. +I was painfully reminded this week of a relative who had worked hard all her life but neglected to maintain her health, and is now experiencing an extremely poor quality of life. She's tethered to her oxygen tank 24/7 and barely able to leave her house, save for the short ride to the dialysis center three times a week for treatment of her type 2 diabetes. Her health is so poor that even if there was an available kidney for transplant, they wouldn't give it to her due to the low probability of her surviving & recovering from the operation. She is relatively young, but both her and her husband (who recently passed away from coronary disease) focused on their careers and didn't pay attention to their health. She's literally waiting for her body to stop functioning, and it's so sad to witness--especially when knowing that all the dreams she and her husband worked for will never be realized. + +Please don't let this become you. I know some people can become overly obsessive about the accumulation of wealth above all else, but it's not worth it if you sacrifice your health in the process. As someone who has maintained my health into middle age, being healthy is more important to me than money. It's easy to neglect your health while on your FI journey, but in my opinion staying healthy and fit is much more difficult than getting rich. While you can automate many of your savings and investing habits, it takes active effort to eat right and exercise every day. As I get older, being fit has provided me with a much greater sense of accomplishment than achieving any financial milestone. + +Young people tend to have more health, and old people tend to have more wealth, but life is so much sweeter when you have both. Plus, when you're staying active and making fitness a priority, you're less likely to feel bored with life once work stops consuming the majority of your time, as /u/jasonlong1212 and other active redditors can probably attest to. + +Remember, it's much more difficult to regain your health once you've lost it than to maintain it as you go through life, so please don't neglect it. And if you're interested in FI and fitness, please join us in /r/FitFI! + +So I am currently 18, about to go to college next year, and as a total I have calculated it will cost me about $7,000 per year with scholarships I have earned which would mean $21,000 for the three years I plan to go (already have some credits). By the time I go to college I will likely have around 10k in savings from my job and if I work full time every summer I can make around 5k a summer which would mean I could graduate school debt free or atleast near debt free(I think, my estimate could be off). SO MY QUESTION: would it be smarter to put 6k of this into a Roth IRA and just pay off the student loans I will inevitably have to pay off or just get past this part of my life and then start putting money into my Roth. ALSO, something to note is that as of now at-least I hope to go to medical school which could mean a few more years of paying student loans and I don’t want to put my Roth off until I’m like 25-27 when I actually have a good paying job. Thanks for reading this if you did, any help would be appreciated. +My dad has a $5 million portfolio and would like to sell stocks to buy a home. Should he sell like $1 million worth to pay for it in cash or just take out enough for a 20% down and pay off the monthly mortgage? + +He does not want to pay for an advisor because he thinks they usually don’t give great advice and they’re expensive. +Every year I make a spreadsheet to list all my weekly, monthly, quarterly and annual expenses to see where I am spending money. + +This helps me cut down some expense which I no longer think are worth it. (I.e. subscriptions). It also is great tool to compare if you can get a better deal/plan else where + +It's a great tool for budgeting and setting a realistic goal for savings/expenditure. + +What is your pro tip that can be useful for everyone? + +P.S. Whoever needs to hear this. Cancel your subscription if you haven't used a service for a month/s. Unless it is absolutely necessary. +I got a pitch for a fund the other day that talked about how much the income from dividend payments can positively impact returns on a fund heavily invested in dividend-paying stocks. + +I had two responses to that: +- Dividend ex-dates are known binary events so EMH says that the dividend (and future dividends) are already priced into the stock. +- The stock price drops by the amount of the dividend payment after the ex-date, so paying a dividend does not actually change the value of a portfolio except for turning some of the equity into cash. + +When I asked these the adviser went on about how dividends were signals of financial strength (ok, sure, but is it still the 1930's when there were no other signals to look at?) so I dropped it and left. + +But it kept bugging me, so what do you all think? What's the big deal with dividends? + + +The average home buyer at least in the GTA and surrounding areas if not majority of Canada is acting with a really strong sense of FOMO right now. Eye watering prices? No problem. Unconditional Offers? That’s what it takes. Ultra expensive house over 2 hours away from the economic core? 👍🏼 The prevailing thoughts seems like: Buy what you can immediately because otherwise you’ll be permanently priced out. I don’t think this is rational. Is it truly impossible that there would be new housing built? If there would be and it’s completely unaffordable then who the hell will buy it? If an investor buys it, isn’t there a ceiling on how much rent they will be able to extract? To me it looks more likely that there will be an ugly bubble pop than boundless price increase. Why am I wrong? +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! + +Been eyeing it off for a couple of weeks and it only keeps rising. However, there has been a massive boom in the last 3 months, have I missed the peak? it is still worth buying into. Anyone have an opinion, surely lithium is a safe buy going into the future everyone will using lithium for electric cars and batteries in the future +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! + +**Valuation:** Undervalued + +**Will We See Caterpillar ($CAT) Bounce Post-Covid?** + +· Analysts have forecasted that the Caterpillar stock price will rebound post-pandemic, and finally start to post favourable earnings releases. This is partially why people believe Caterpillar to be one of the best infrastructure stocks to buy in 2021. + +o This helps investors to recognize and get exited for Caterpillar’s future. + +· Through several different valuation techniques, I arrived at a fair value price target of Caterpillar of $238/share, which implies an upside of 13% (at the time of creating this analysis). + +o However, there are both risks and catalysts to this investment that may have an unexpected impact on the shares price, a list of these can be found at the end of this report. + +o I think that Caterpillar could be one of the best dividend stocks right now and would be a good addition into any portfolio. + +· Caterpillar among other heavy machine manufacturers struggled during the pandemic due to financial and social conditions surrounding the Covid-19 pandemic. People were forced to stop operating/working, and others did not have the funds to make large purchases during the pandemic. + +o However, this created a good buying opportunity for these value stocks, namely Caterpillar. + +· This report was created to provide due diligence to potential investors in value stocks such as Caterpillar. + +**Company Information:** + +[$CAT - Caterpillar Inc](https://utradea.com/stocks/CAT). is the world’s leading manufacturer of construction and mining equipment, among other equipment and vehicles. Caterpillar operates under 4 main business segments, which consist of Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. + +**Investment Information:** + +*Business Reporting Segments:* + +· **Construction:** This is Caterpillar’s largest business segment and provides their customers with the machinery necessary for construction, forestry, and building infrastructure. The demand for Caterpillar’s machinery is worldwide, however it varies depending on the business/companies’ circumstances. Caterpillar offers differentiated products for customers of different geographies, financial situations, and use cases. Caterpillar’s machine offerings for this segment include various types of excavators, loaders, telehandlers, tractors (just to name a few). + +· **Resource Industries:** This segment provides their customers with the machinery necessary in the mining, quarry, aggregates, and construction fields. Caterpillar provides machine for both surface operations as well as for underground operations. Caterpillar’s equipment aids in the process of extracting precious metals and resources from the earth. Caterpillar makes their machines in this segment to have low life-time costs, be highly productive, and very reliable to meet the demand from their diverse customer base. Caterpillar’s offerings in this segment include shovels, drills, tractors, vehicles, compactors, scrapers etc. + +· **Energy and Transportation:** Caterpillar provides their products to their customers in the energy and transportation industries. These include oil and gas, rail, industrial power generation and more. This segment requires Caterpillar to meet emission standards that are continuously changing and are situational depending on geographies. Caterpillar is always looking for ways to innovate their products to stay ahead of these changes. Caterpillar offers the following machinery for their customers in this segment, generators, reciprocating engines, turbines, compressors, diesel locomotives, and rail-related products. + +· **Financial Products:** Caterpillar delivers financial products to their customers through CAT Financial. CAT Financial provides their customers with financing options for their various product offerings. Some of their financial products include renting, financing, leasing, and loans. Having these options helps Caterpillar to maximize their revenues and customer base through allowing them to purchase their machinery by means other than cash. Furthermore, CAT Financial also earns interest on these purchases which can further aid their revenue growth. + +*Order Backlog:* + +Caterpillar has an order backlog that amounts to $14.2B in deferred revenues for the fiscal year ending December 2020. Of this $3.6B is expected to be expensed as an allowance for doubtful accounts. This means that Caterpillar is not expecting to realize this $3.6B as revenue. Talking this into account, Caterpillar has approximately $10.6B in deferred revenues, that they can start to realize as early as this year. + +*Financial Information:* + +· **Financial Performance (Good):** In 2020, Caterpillar decreased their operating costs by 18%, and decreased their “other” expenses by 23%. + +· **Financial Performance (Bad):** In 2020, Caterpillar’s total revenue decreased by 22%. This is especially bad due to the fact that their revenues dropped by more than their operating costs, which means that their operating margin shrunk in 2020. Furthermore, Caterpillar’s profit decreased by 51% which is a pretty sizable amount and may scare off potential investors. + +· **Common Shares Issues (Treasury Stock Compensation):** In 2020, Caterpillar issued 5,317,243 common shares through the conversion of treasury shares (given out to employees as compensation). This issuance of shares had a dilutionary effect on the existing $CAT shares of 1% which is not very significant. + +· **Common Share Repurchase:** In 2020, Caterpillar repurchased 10,096,006 common shares as part of their share repurchase program. This share repurchasing increased the value of the existing $CAT shares by 2%. + +· **Total Dilution:** In 2020, Caterpillar ended up purchasing more shares back then they offered, which is a very good sign for investors. Overall, in 2020, Caterpillars existing shares rose in value by approximately 1% due to their buybacks. + +*Competition:* + +In order to undergo my comparable analysis (which is yet to be seen), I needed to find 4 companies that I could use to compare to Caterpillar that will assist me in valuing Caterpillar as a company. + +These companies have to be publicly listed, operate in a similar manner, be of similar marker cap, operate in similar geographies, and have valid financial ratios and multiples. + +By using the above criteria, I arrived with the following 4 comparable companies: + +[**$DE Stock – Deere & Co:**](https://utradea.com/stocks/DE) Deere & Co. manufactures and distributes equipment worldwide. Deere also operates in 4 main segments, which include Agriculture, Construction, Forestry, and Financial Services. They compete with Caterpillar in the Construction, and Forestry segments as their product offerings in these spaces are the most similar. + +[**$PCAR Stock – Paccar Inc:**](https://utradea.com/stocks/PCAR) Paccar Inc. Is a distributor of trucks and their parts. Paccar has 3 segments to their business Trucks, Parts, and Financial Services. Paccar offers their trucks to some companies that would use Caterpillar machines, so these companies are a bit more complimentary rather than competitive. However, I decided to include Paccar because they have the same target market and they both manufacture vehicles and provide financial services for their end customers. + +[**$TEX Stock – Terex Corp:**](https://utradea.com/stocks/TEX) Terex provides both Aerial Work Platforms, and Materials Processing machinery. Their Aerial platform products include lifts, articulating booms, telescopic booms, telehandlers, and utility equipment. Terex is more of a competitor in the construction space, as they provide machinery that is commonly used on construction sites. + +[**$OSK Stock – Oshkosh Corp:**](https://utradea.com/stocks/OSK) Oshkosh manufactures and markets their specialty vehicle worldwide. Oshkosh provides machines such as telehandlers, wreckers, mixers, cranes among other vehicle and machine offerings. Oshkosh competes with Caterpillar in the mining, railroad, and construction industries. + +*Valuation Information:* + +*WACC:* + +I was able to calculate my own high and low estimates of Caterpillar’s WACC through my models in the DCF model. The low WACC implies an equity/debt weighting of 80% and 20% respectively, and the high WACC implies a equity/debt weighting of 70% and 30% respectively. I then took the average of these two estimates to come to one final WACC estimate of 7.17%. + +*CAGR (2021-2023):* + +I used the average growth rate in the average analyst revenue growth forecasts for 2022 and 2023. The average growth rate that analysts are forecasting in this year is around 11.5%. I used this estimate because I believe it to be reasonable, contingent on the fact that Caterpillar can bounce back after the pandemic. + +*CAGR (2027-2030):* + +I estimated Caterpillar’s CAGR for 2027-2030 to be 4.6%. This is because this was their average Gross Profit CAGR, over the past 5 years (when factoring out the effects of covid). I think that Caterpillar will return to this level of steady growth after they bounce back from covid. + +*Other CAGR:* + +In the years between 2023-2027, I gradually decreased Caterpillar’s growth rate so there was a smooth transition into their 4.6% growth rate through 2030. In these years I decreased the average growth by 1.5% each year until 2027. + +*Operating Expense Increase Rate:* + +Over the past couple of years Caterpillars operating expenses have risen by an average of 1.94%. I used this growth rate to forecast their future operating expenses. + +*Interest Expense Increase Rate:* + +Over the past couple of years, Caterpillar’s interest expense has grown by an average of 5.64%, which I used to forecast their future increases in interest expense. + +*Depreciation and Amortization Increase Rate:* + +Over the past couple of years, Caterpillars Depreciation and Amortization figures have grown by a yearly average of 4.39%. I used this increase rate to forecast their future depreciation and amortization expenses. + +*Tax Rate:* + +I was able to locate Caterpillar’s annual effective tax rate for the year ending December 2020. I found this in their [SEC 10-K filing](https://sec.report/Document/0000018230-21-000063/), which was 25.2%. + +*Capital Expenditures (CAPEX) Decrease Rate:* + +Over the past couple of years, Caterpillar’s capital expenditures declined by an average rate of 7.8%. I used this decline rate to forecast the future decrease in Caterpillar’s capital expenditure figures. + +*Risk Free Rate:* + +I was able to find Caterpillar’s risk-free rate through [Finbox](https://finbox.com/FINBOX:CAT/models/wacc), which estimated it to be 2.25%. + +**Investment Valuation:** + +*DCF:* + +In order to properly value Caterpillar, I underwent a DCF model. In order to conduct this model, I used the information found above in the “valuation information” section of this report. By using this information, I arrived at a fair value of Caterpillar of $210/share, which implies that Caterpillar is currently at fair value. In order to gain more insight into the valuation of Caterpillar, I decided to undergo some comparable analyses. + +*Comparable Analyses:* + +*EV/EBITDA:* + +By comparing Caterpillar’s EV/EBITDA multiple to that of their competitors (listed above in the “competition” section of this report), I found Caterpillar to have a fair value of $225/share, which implies an upside of 7%. + +*EV/Revenue:* + +By comparing Caterpillar’s EV/Revenue multiple to that of their competitors, I found Caterpillar to have a fair value of $146/share, which implies a downside risk of 30%. This is obviously very different from the valuation as achieved through their EV/EBITDA comparable, so I decided to do one more comparable to gain more insight. + +*P/E:* + +The last and final ratio that I compared was the P/E ratio, by doing this I found Caterpillar’s fair value to be $200, which implies a downside risk of 5%. All of the comparable analyses show drastically different valuations, and as a result of this I decided to take the average result to achieve one final comparable valuation. + +*Average Comparable:* + +By taking the average result as achieved through the 3 comparable analyses, I arrived at one final comparable valuation of $190/share. This valuation implies that there is a downside risk of an investment into Caterpillar of 9%. + +*Dividend Discount:* + +My last valuation estimate came from my dividend discount model. This model predicted that Caterpillar has a fair value of $312/share, which implies a 49% upside. + +**Plan:** + +In order to formulate a plan on investing into Caterpillar, I first decided to take the average result from the 3 different models that I created. By doing this I arrived at one final fair value of Caterpillar of $238/share, which implies an upside of 13%. + +My plan for this investment would encompass buying under $210, which is the fair value achieved through the DCF model. After this, I would look to exit at $238/share, which is the final fair value that I achieved for the company as a whole. This plan would yield a 13% return if followed directly. + +**Risks:** + +· **Financial Performance:** In 2020, Caterpillar had an overall poor financial performance. This financial performance worried investors, as well as myself for the future of this company. This performance can be attributed to covid, and many analysts are forecasting a bounce back. However, if this bounce back doesn’t come, or is not as big as anticipated, some investors may start to panic sell and hurt the share price. + +**Catalysts:** + +· **Financial Performance:** As we know, there are many analysts that are forecasting Caterpillar to rebound after their poor financial performance this year. If Caterpillar is able to meet or even exceed these expectations, it will help their share price greatly, and instill investor confidence for a brighter future ahead. + +· **Share Repurchases:** In 2020, Caterpillar was able to repurchase over 10 million of their common shares. This big repurchase assisted in Caterpillar being able to achieve a lower shares outstanding balance over the year. This means that the existing shares increased value as a result, which is good to see or experience as an investor. If they announce that they are repurchasing more shares this year we should see a reflection of this in their stock price. +I thought "5 Regrets of the Dying" by Bronnie Ware was a nice short post on five things people realize on their deathbeds (from someone who worked in hospice). + +https://bronnieware.com/blog/regrets-of-the-dying/ + +Since fatFIRE folks are very likely to have their financial affairs in order in their final days, I wonder if this might be a useful (if a touch morbid) way of thinking through the best ways to use a fat stash. That is, could we add other regrets to these 5 that we'd like to avoid via a life well lived? +Hey Apes, + +Our contact over at CS said they now have a line set-up for international calls as per below. + +Edit: This post link has been sent onto their team, so they'll see your feedback re wanting your country serviced/landline. + +[FAQS](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapsee733e3b9-85ca-4c41-ab9b-656fb03f9ec6) + +Edit: refer to this comment, they updated the list - it includes UK 😉 + +https://www.reddit.com/r/Superstonk/comments/r9buii/you_can_now_call_computershare_internationally/hnb1x2u?utm_medium=android_app&utm_source=share&context=3 + +"We have set up a dedicated number to field GameStop enquiries: + 800 3823 3823. This is free to phone from a landline in the following countries… + +* Austria +* Belgium +* Czech Republic +* Denmark +* Finland +* France +* Germany +* Greece +* Hong Kong +* Hungary +* Iceland +* Ireland +* Israel +* Netherlands +* New Zealand +* Norway +* Poland +* Spain +* Sweden +* Thailand" + +If you are an international ape and having trouble with DR shares, call away to your heart's content! + +Enjoy your weekend! +*Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low (average \~$45/share with my later buys averaged in), and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +First, thank you everyone for the comments and questions on [my first post on this topic](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/). Given the traffic and sheer volume of questions, I figured writing another post would be better (and actually something I can manage). + +I wanted to focus this post on a few common themes I saw in the comments to the first post, as well as questions people were asking me directly, and related themes I saw on other posts and subs that I believe would be informative for this sub. + +First, a simplified recap of the 1/27/2021 trading day as I saw it. The following is my interpretation of events, and may include personal opinions, assumptions, and outright errors. Apologies for the length, but I hope this helps some of the newer traders thinking about jumping into the water with these sharks. I honestly don't think that you should, but you make your own decisions. I'll just try to help provide some information to help if I can. + +# Euro Market Hours: Retail Euphoria & The Setup + +After-hours and Euro market activity rockets the stock in an essentially unbroken streak from \~$146 to $365. GME long social media is going ballistic. + +Volume is too low. There is no sell-side pushback. Allowing consolidation at these prices would be a major setback for the short-side, yet they are doing nothing on volume they could easily push back. + +I smell a rat. This is too easy. + +# 5am Eastern: Fear, Uncertainty, Doubt (FUD) + +If you ask most retail market participants about how quants with their algorithms, hedge funds with their trading strategies, sophisticated experienced traders, etc., conduct their operations, you will probably get responses about sophisticated programs and high frequency trading, fundamental analysis, risk hedging strategies, lots of math, etc. That is largely true, but it is critically incomplete. The most successful hedge fund managers also deeply understand that beneath the surface, the primal forces driving markets are fear and greed, and they know how to best leverage information asymmetry to play other investors--and especially retail investors--like fiddles. + +As retail sentiment reaches fever pitch, Andrew Ross Sorkin gets a call from Melvin Capital just before the start of CNBC's Squawk Box, by far the most-watched pre-US market show and files a [breaking news alert](https://www.youtube.com/watch?v=1HYBo5teFTU) at the start of the show. + +(Paraphrasing) Melvin Capital is out. They didn't go bankrupt but they came close and took a huge loss. Congratulations WSB, you've won and you've burned the house down, and now that the shorts are out this whole thing is going to crash and burn all the retail investors you dragged along with you. + +"[Who's going to be left holding the bag](https://youtu.be/1HYBo5teFTU?t=146)?... uh, the thing that concerns me most, at this point, is whether **some of these investors will actually start to get out today**\--they'll look at this and say 'we won the game'--if that's winning, uhh unclear, you know, where the finish line is, uh in that regard, but uh, as much pain as they may have uh, created for Melvin Capital for example, umm, **my-my great anxiety at this point is the number of-of retail investors that have been jumping into this uhh.. in literally the last 24 hours who very well may get hurt, uh, far more, and lose far more than some of the hedge funds that were involved, uh in this**. Um, let's just show you where we are now..." + +"**Where are the regulators**.. and is this just the beginning?" + +Meanwhile, as if it had been choreographed and rehearsed, the Squawk Box team are outraged--absolutely outraged at what is going on, while a big graphic of GME price crashing off a cliff dominates 2/3 of the screen and social media is flooded with messages and posts skillfully crafted to stoke the fear. + +In WSB, other subs, and other social media sites, dozens of bots start posting bogus messages purporting to mock the retail investors with messages like "Thanks for the free gainz retards!". + +The fear is almost palpable coming through my monitor. People start trying to sell, then start asking why their market sell orders won't go through while they're watching a practically vertical dive on the GME chart next to Joe Kernan as he says "If you think there's speculation in crypto \[...\] and-and-**now they're looking for the next mark, right**? They'll-they'll find another Gamestop, once they're done with Gamestop, but **in the meantime, there's gonna be BLOOD**". + +Congratulations Squawk Box--you beautifully played your part in engineering peak, nigh-hysterical fear among the less experienced retail investors, and basically shouted "FIRE!!!" in the market equivalent of a locked theater. I truly believe your feelings were sincere, and you truly do have concern for the retailers who have been and will be hurt in all of the volatility, but that made your actions all the more effective in driving many try to lock in losses. C'mon, you can do better--I've seen you do good work and am thankful for what you did getting good info out during the peak of the pandemic--please do some investigation before spreading only one side of the narrative handed to you by financially conflicted parties. You have analysts doing your background research--any of them could tell you the short interest in GME would take more than an entire trading day to unwind even if the buy-side of every single transaction that day was to close a short position and no new short positions were initiated. Also, any of them could tell you that it's unlikely Melvin Capital held 100% of all short interest in GME. Melvin leaving is not equal to all shorts being covered--and you didn't even get confirmation that Melvin actually covered! Get them to say it themselves on air rather than carrying their water and letting them ride on your reputation and providing cover from an SEC stock manipulation investigation. + +Most retail brokerages don't open pre-market trading until around 7am. All those people could do was watch their positions bleed as GME plummeted over the remainder of the next 2 hours, hitting the floor of $182, nearly 50% down from the peak about 3 minutes before retail brokerages open pre-market trading. + +Wow. I have to hand it to the short-side hedge funds. Some of your traders must have studied drama for their undergrad or something--that is almost perfect timing. + +Almost, but not quite. + +# Pre-Market Tears... of Joy and Relief + +The engineered crash was probably intended to run right through the open of retail pre-market, with the idea of getting panicking retail to sell into the low liquidity environment for more violent downward price moves without the benefit of Limit Up/Limit Down halts, causing a stampede for the exits. Man, how many hours did you guys spend thinking this strategy up? I'm honestly impressed. + +Two minutes prior to pre-market open, however, some deep conviction, deep pocket players, understanding the market mechanics and fundamentals behind the recent wild ride in GME started raking in the shares at discount prices they probably never thought they'd ever see again during this campaign. I'm sure tears of joy were shed, as they realized floor-to-close of regular trading gains of nearly 100%. Whoever you are, well played. + +I would note here that those people could easily have waited for the engineered crash to drain the blood of the fearful retailers who would have punched out, which would have allowed them to lock in greater share volumes at even lower prices, but they stopped the crash early instead. I don't know if that was their intention, but a lot of retail people were probably saved because of that. + +With the almost literally last-minute reversal, price rode green candles upward through the retail pre-market open, and many who would have despaired and punched out to lock in losses instead white-knuckled through the chop and held, with very bullish action through to the market open. Those who survived the day--good on you, I know it couldn't have been easy. + +# Chamath + +Let's let the man [speak for himself](https://www.youtube.com/watch?v=1iYh_mc26SU) (and speak up for retail). Well worth spending 30 minutes to watch if you have the time. I have to give Scott Wapner credit--he asks tough questions and he repeatedly brings on guests that he know will go toe-to-toe with him with the gloves off to ensure that there is a good, vigorous debate representing diverse viewpoints. Be on the right side of history big boy, lol. + +Skirmishing continues at lower volume than the last 2 trading days. Bullish patterns everywhere--buying up on high volume, straggling down on low volumes. Liquidity is running out. Short-side is rationing, saving ammo for the end-of-day push. + +# Shenanigans, End of Day, More Shenanigans + +At various points throughout the day, levers are pulled to flush retail positions out by margin calling profitable accounts across many of the retail brokerage firms, changing margin requirements with no notice. + +Short-side attacks coincide with ominous warnings on news media about potential regulator action, short-side touts spreading FUD across mainstream media. + +Short-side's rationed insufficient shares to make meaningful progress on the last tick of regular trading. This is key, as prime brokers of highly levered players pay a lot of attention to the status of accounts at the end of regular trading each day. + +After hours it looks like more retail traders are dumped out of their profitable portfolios due to margin change requirements--right into the abyss of super-low after-hours volume. Had their brokers at least liquidated their accounts toward the end of the main trading day into meaningful trading volume they would have gotten much better returns. Dumping them into no volume means the last few accounts took massive losses vs mark to end of trading day market price. Thank, you brokerages, for protecting those people from themselves. Hopefully they took lower profits vs being dumped into the red. + +Some people see the diving ticker and panic again. + +One thing that was particularly irritating to me is that people were all over CNBC multiple times a day, making outrageous claims of how retail traders were slamming risk into the market via leveraged trades even as the retail brokers changed their policies in realtime to disallow use of any margin in accounts holding GME, and dumped those retail traders out of their positions. I knew what kind of volatility to expect, so I had maintained a net cash position in my account ever since buying, just in case something like this happened--thank goodness. + +# Technical Analysis for the Day + +I wish this sub would allow charts, but I'll describe instead. + +On the daily chart, RSI has been in an ascending channel since April '20(!), and rocketed to 98+(!!!) at the end of the trading day. Price is dislocating wildly higher every day for the past 4 days into descending volume. + +My read of the chart is that it shows massive buy-side dominance into worsening sell-side weakness and lower liquidity. I read this as mind-meltingly, parabolically bullish, and something that would not be possible if not for the distortion of the supercritical mass of short interest, and I guess this is what a short squeeze looks like when you have access to all the data retail fintech can provide. The technicals tell me to expect massive volatility, but also that this is possibly the most asymmetrical risk environment imaginable. + +I feel bad for the retail shorts that I know were out there. I saw a few posts about people taking short positions because Andrew Left got on TV and told them GME is going bankrupt, it's going back to $20, and he's an expert unlike you reddit amateurs, and by the way about 30 other experts followed and backed him up over the past few days. For this reason I'm glad that many of the retail brokerage firms have disallowed shorting GME and other volatile names. I hope they got out before their accounts got obliterated. + +# Lessons Learned + +I wondered what kind of things you might see when billions of dollars were on the line, and I have to say that the short-side guys know how to go all-in and pull surprise after surprise out of the hat. They are good at manipulating people, letting them build up euphoric feelings only to slam them in the face with nonstop fear. They do it in media, and they do it in sudden price-crushing rushes, slamming the ticker down to try to get weak hands to fold. As I stated earlier, I am trading deep in the money, on capital I can afford to lose, and even I can't avoid feeling it. I honestly don't know how some of you trading on borrowed money meant for next month's rent can handle it. + +The short-side players are running out of ammo, but they don't just go toe-to-toe in the market--they'll blanket media and even flood your discord server, message board, and social media with well-coordinated bot attacks. You will face those moments of stark terror--they are good getting people to feel fear. If you're thinking of getting into this trade--please understand that before deciding whether to jump in. You might not think that a stock that's been going basically vertical could leave long-side casualties on the field, but believe it--fear and volatility can get you to zero your account (or worse!) in any environment. + +# FAQs from the First Post (comments and messages) + +(answers are my opinions only--do not take as financial advice. I've consolidated common themes.) + +* **I'm afraid I'm missing out on a unique opportunity to make returns that could change my life trajectory in a positive way. Should I buy in at this point?** + +First, each person decides on their own what trades they choose to make. However, I will say this: Fear is giving you this anxiety. Maximum FOMO is when you see green candles going up until the fear makes you punch the buy order in. Maximum despair and fear of life-altering losses hits peak during deep downward price movements, making you punch out to avoid losing your entire position. Fear makes you buy high and sell low. HFT houses are full of algorithms designed to exploit fear through the price movement, and find gaps in your risk mitigation strategy (e.g. stop-loss hunting algorithms, etc.). If fear is driving you to trade, I urge you not to swim in low-liquidity waters with sharks who specifically make their money exploiting fear. + +* **I am a regular investor holding broad ETFs or mutual funds for my retirement. I do not actively trade, but I am concerned that what's happening here might impact the broader market, and maybe even my retirement account. Have you thought of that while you're having all this fun? What about systemic risk?** + +You may be surprised to hear that I, and likely many others have thought quite a lot about these things. In fact, I hold about 75% of my capital in the same type of boring IRA and 401(k) accounts you're talking about, and I maybe rebalance them a few times a year and don't even check the balances regularly otherwise. + +As for what kinds of impacts there may be--in all honestly, no one knows. Specifically, no one knows because no one knows exactly what the levered hedge funds involved hold, how they trade, etc. The massive short interest in GME is basically a deliberately engineered market distortion that is now blowing off, and distortions blowing off are always scary, and can spell financial damage or disaster for the unprepared. + +That, however, is part of the market. To paraphrase Dr. King and Keynes, the arc of the market may be long (and longer than you can remain solvent), but it bends toward efficiency, given the right conditions. The US stock market is pretty good in this respect. + +Now I won't deny that these hedge funds are run by smart people, but they occasionally get either arrogant or too clever for their own good and get caught. In GME they essentially voluntarily engineered themselves into a short squeeze entirely on their own while no one was even looking. In fact, the only way the trade works is if no one ever finds out and GME quietly goes bankrupt. In the meantime, a legitimate fundamentals-based turnaround story came to light and just lit the fuse. They’re crying now about being cornered, but they walked into that corner themselves, then dug themselves in so deep that the only way out was GME bankruptcy, and sat there for a year just assuming GameStop would go bankrupt while no one was paying attention and they’d take their free money and walk. If this doesn't make sense, and you have a free 20 minutes and tolerance for mild profanity, I suggest you watch this video: [https://www.youtube.com/watch?v=4EUbJcGoYQ4](https://www.youtube.com/watch?v=4EUbJcGoYQ4) + +Anyway, That being said, market "corrections" are aptly named, even if painful, because they are, in essence, corrections of various distortions in the market. The longer they go uncorrected, the harder, faster, and more drastic the move when it does happen--with usually worse consequences (see the 2008 financial crisis, which was a distortion 10+ years in the making before blowing off). + +* **It looks like maximum gains on this trade would have started if you bought in at $4. Should I be looking for names at <$4 to find another opportunity like this? I heard some people made a lot of money on Hertz. Is this like Hertz?** + +I have no idea. I wasn’t looking at Hertz at the time. Obviously it's different in that GME is not going bankrupt despite what some people on the news might say (honestly, I don't understand their apparent conviction on this given most of them profess to not even know any details about Gamestop). + +The sense I get is that some people realized that many stocks had their prices artificially suppressed by the pure panic in the market at the time, and were likely to bounce back. Stocks crushed down to penny stock land could easily bounce back multiple hundreds of percent just by moving back up by $1, and if you had a good reason to think they'd survive, that's a pretty good deep value trade. + +Some people seemed to jump on that bandwagon with the mistaken idea that you should basically just scan all stocks for things <$5 today that used to be >$20 or whatever and assume the 90+% drop will result in a bounce off the floor, even if it’s a “dead cat” bounce on the way to $0. DO NOT TRY TO TRADE THIS. + +The theory is that a $100 stock that drops to $10 on its way to bankruptcy could bounce back to $15 first—a return of 50% if you time the floor and the bounce perfectly. In practice almost everyone who tries this loses all their money much sooner rather than later. + +By the same token, people who “know” a company is heading to bankruptcy get their accounts wiped out when they short something on margin right as it hits a floor on the way down, get margin called on the bounce, and subsequently join the company in insolvency as they end up owing their broker more than they put in. Being right in the end is cold comfort at that point. + +* **Could Gamestop just issue shares to bail out the short sellers?** + +I guess it could, speaking entirely theoretically. That being said, consider the following: + +They’ve already filed to issue $100mio worth of shares, or 500k shares using $200/share as a price assumption. I don’t know if they’ve begun to execute on that. + +That was just to give them the runway required to take bankruptcy completely off the table. + +As you note, at these prices, using stock to finance a turnaround is absolutely feasible. + +There are, however, a few things to consider: + +1. They have a fiduciary responsibility to their shareholders. They need to be able to justify how issuing even more shares is ultimately beneficial for the company and shareholders. “Because our stock price is high right now” is not typically a compelling reason, though maybe these circumstances are an exception to that rule given the extremity of the price. +2. While a healthy balance sheet would be an improvement, debt is usually cheaper than equity when it comes to financing a company’s activities. If they can secure solvency with the $100mio stock issue already authorized, and leverage the healthier balance sheet and insanely improved market cap to instead borrow what they need to restructure, especially in this ultra low interest rate environment, that would be better for the company and shareholders. +3. They can’t just make a snap judgment to do so. It takes time, board approvals, regulatory paperwork that is public, etc. There is a lot of work and potential risk in this process—particularly for this company. +4. Even if they did this, the incredible total volume of short interest being squeezed means that in practice it would be hard for the share issue to change the trajectory of the stock. The main effect might be to terrify some retail longs into bailing out of their position depending on how the news is presented to them. + +* **\_\_\_\_\_\_\_ securities pricing theory/model means short interest has no impact on a security's price, short positions can be held infinitely so there really is no obligation to cover, so the thesis behind the short squeeze trade is invalid, etc. Mathematically long and short positions are the same thing.** + +That may be true in some ideal theory assuming you are trading in some kind of mathematically ideal market using very specific assumptions, but you’re trading in a real market that includes things like counterparty risk, regulatory and contractual limits on ability to borrow (at least in theory--Hello SEC, threshold securities list??), interest cost, etc. that make trading in an real market different. I'll build on Box by saying all models are wrong, but some are useful--*within the bounds of certain assumptions.* The situation playing out now tells you that the short interest of GME is wildly outside the bounds of whatever models the hedge fund people are using to model position risk. + +You can, in theory, infinitely roll your debt forward if you can continue to find willing lenders and are ok paying interest forever. Maybe this works out to be mathematically preferable to a squeeze to infinity. + +But, step away from pure theory for a moment. We don't even have to look at empirical evidence in real markets. All we need to do is build a stochastic model of an equity market sophisticated enough to model margin limits and dynamic account balances tied to securities being traded as they are in real markets and you’ll see the probability of continuing to carry a short position converges to 0 over time. The only question is which happens first: you cover proactively, the underlying company goes bankrupt (and you cover for $0 less interest paid to borrow the stock), or you’re margin called and forced to cover with potentially unlimited downside. Take bankruptcy off the table as we have in the case of GME and you have one of two choices--get out or eventually get squeezed out. There is no such thing as infinite ability to roll borrowing forward in real markets, and if your risk models assume that I feel sorry for you. + +* **Is this illegal? Will the SEC step in somehow?** + +I am not a lawyer. I do not give legal advice. And, honestly, I have no idea. I can't think of any securities regulation that at least I may have violated, but I also don't have the ability to lobby the SEC on international news. + +* **So what will happen next?** + +I don't know, and most likely anyone who tells you they know is kidding themselves. All I see is a good fundamentals-based position I bought into at a reasonable but bullish valuation followed by the most bullish chart I've ever seen from a TA perspective. I have theories, but there are doubtless other people better qualified to opine on that. + +All I can say is if you're in the trade, strap in and prepare for a wild ride. If you're watching from the sidelines get out the popcorn. The rate at which liquidity is disappearing means whatever is going to happen will happen soon (assuming the SEC doesn't step in with an extended pause in trading to bail out the hedge funds). + +Thank you for reading, and good luck with your trades. + +**\*Update from Original Draft, 1/28 Pre-Market\*** + +We're seeing tons of retail brokerages limit trading on GME to only allow selling, even when current positions and intended trades would be cash only? + +Wow, I mean it kind of occurred to me in some sort of theoretical, abstract sense that somehow limiting large swathes of retail to sell-only was actually better than a general 2-way trading suspension, but who knew the short-side people could actually get retail brokers to do something so bonkers?? I guess you really do find a way to try basically anything when you're about to lose that much money. + +\*edits to fix formatting issues\* +First off, I believe in the DD and the thesis never changed. Buy, HODL, DRS. Got it. + +But, from the beginning of this week's Saga. Our lord and savior RC tweeted from a retail location in Florida. That got everyone's tits jacked cause "741". + +Then some semi smooth apes did some sleuthing and assessed that NFTCon (keyword "con") was taking place 15 miles away from the location that RC tweeted from. And that's almost all it took to reach the conclusion that RC was going to announce an NFT at the event. + +To stoke the flames even more. A "typo" : GaME Day, was tweeted which convinced the subreddits that today was the day. But that was later disproven to be a ploy to gain viewership from the apes. But that wasn't disclosed until after a brigade of apes flooded the chat spamming GME sentiment, flocking to the messiah. + +Guy's, I will hodl til I die. But that shit is downright fucking embarrassing. 0 DD, 0 confirmation, 0 empirical evidence to support the claims that anything was going to happen today, purely hope and hype, there's nothing wrong with that. Except for two things. 1. The brigading. 2. Apes got down right duped. Those two things combined make apes look like morons that will charge a platform over a cause with no evidence. Some fucking Qwerty Anus, Pizzagate shit. ( watch the documentary on HBOmax (into the storm) if you have a fucking problem with shit talk about (17) quinoa, sorry automod). + +Bottom line: everything about MOASS is founded on hard facts and fucking numbers, ya know the shit that lawsuits and investigations are built on. Not cryptic messages, not ready player one fantasies. You don't get windfalls of cash because you discovered an Easter egg in a map hidden on the back of the declaration of independence. Enough with conspiracies and RC trying to communicate with us through the ether. Buy, HODL, DRS. Stop fucking brigading, especially when you have 0 corroborating evidence. Here's a simple rule from the military (watered down for smooth brains) you need 3 pieces of corroborating evidence to support a proposed operation. NFTCon is taking place in Florida, that doesn't mean shit. RC tweets from Florida 15 miles away, ok, you have my attention, but that's not evidence that he will be there. You need two more pieces of no bullshit evidence to support the hypothesis that he will be there. "741=NFT" is not evidence. "GaME Day" is not evidence. An unverified screenshot of a fucking chat that says "where's RC" is NOT fucking evidence. Get it together. + +By the way, a screenshot of all these fucking DRS posts is NOT evidence of DRSing. The pictures of mail from CS with verification tags with usernames are way more fucking valid than an image that can be ripped off and photoshopped with a new account number. Remember the "official chats" between shitadel and robbinghood? + +Apes, come on. Get your heads on straight. Stop playing right into the fucking hands of shills. Don't let their piece of shit misinformation and messaging campaigns get the best of you. + +Buy. HODL. DRS + +✊🏾💎🚀🌕 +Ive been investing in dividends for a year but have never put that much money in, a couple hundred here and there. However I now have 5k to put in to investment and diversify, I want to get some growth dividends and stable dividend stocks with a decent rate 3-4 any opinions on how I should divide the 5k between those two? +FINRA just put out the short interest for GameStop and it totals 15,123,722. + +&#x200B; + +[Source: https:\/\/fintel.io\/ss\/us\/gme](https://preview.redd.it/gwfig7mtrh191.png?width=880&format=png&auto=webp&s=df80d5e6910fb2cf2bea0271955634310e42d811) + +I recently downloaded all of FINRA's data on 5/17/2022 to determine how many shares were owned by institutions and the like. From my observation, there are 34M shares owned by ETFs and Institutions. + +&#x200B; + +&#x200B; + +[From Fintel, downloaded to Excel](https://preview.redd.it/48ys6btbsh191.png?width=1612&format=png&auto=webp&s=94f98598f465d9a897823fd4b18d4bf27cd43b60) + +&#x200B; + +I compared that number to Computershared, and here is the difference: + +&#x200B; + +[Share remaining calculation](https://preview.redd.it/crzwe1slsh191.png?width=427&format=png&auto=webp&s=fccf6381fb6d62b711d51237d4597b4f79166751) + +Computershared has the institutional ownership, Mutual funds, and ETFs at 28.4M, but the Fintel report I downloaded shows the 34,020,837. We have the insider stocks that are owned, and we also somewhat know the DRS number as the trimmed number is always fairly close. + +&#x200B; + +Here is my hypothesis: If SHFs shorted 15.1M shares by borrowing them from Institutions and we have a remaining float of 16.18M based on my calculation, then if we lock the next 1M shares, and hedgies have to buy back 15.1, but on 15M remain, then we've locked it. They would have to get the shares from us and we're not selling. + +&#x200B; + +Someone please check my math on this. I'm happy to admit if I am wrong, and I will humbly delete this post or flair it debunked. +* Intel (NASDAQ:[INTC](https://seekingalpha.com/symbol/INTC?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) CEO Bob Swan to step down as CEO on Feb. 15, CNBC's [David Faber said](https://twitter.com/CNBCnow/status/1349355813509468161?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link), citing people familiar. +* VMWare (NYSE:[VMW](https://seekingalpha.com/symbol/VMW?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) CEO Pat Gelsinger to replace Swan as CEO of Intel. +* Intel gained 13% in premarket trading; VMWare fell 4.1%. Intel competitor AMD (NASDAQ:[AMD](https://seekingalpha.com/symbol/AMD?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) is down 3.8%. +* Earlier this month, in a move that generally indicates that a company is under pressure, [Intel's CEO Bob Swan had a call with an activist investor](https://seekingalpha.com/news/3649267-intel-ceo-zoom-call-third-points-loeb-on-monday-cnbc-says?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link). +* Intel shares earlier soared 6% as activist hedge fund [Third Point pushed for strategic alternatives](https://seekingalpha.com/news/3647758-intel-shares-soar-6-activist-hedge-fund-third-point-pushes-for-strategic-alternatives-reuters?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link). + +[https://seekingalpha.com/news/3651072-intel-ceo-bob-swan-to-step-down-feb-15-cnbc-says](https://seekingalpha.com/news/3651072-intel-ceo-bob-swan-to-step-down-feb-15-cnbc-says) + +&#x200B; + +Official announcement: + +[https://newsroom.intel.com/news-releases/intel-appoints-tech-industry-leader-pat-gelsinger-as-new-ceo/](https://newsroom.intel.com/news-releases/intel-appoints-tech-industry-leader-pat-gelsinger-as-new-ceo/) (submitted by u/ohheyd) + +=============================================================== + +* AMD (NASDAQ:[AMD](https://seekingalpha.com/symbol/AMD?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) shares (down 3.8%) should be bought on weakness as the Intel (NASDAQ:[INTC](https://seekingalpha.com/symbol/INTC?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) news, while good in the longer term, near term favors AMD, RBC writes. +* While[ Intel new CEO ](https://seekingalpha.com/news/3651072-intel-gains-10-ceo-bob-swan-will-step-down-amd-drops-3?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)is \`\`notable'' positive for the chipmaker, it's unlikely to change Intel's 2021 outlook from a \`\`structural/technology'' perspective, according to RBC +* Would be buyers of AMD into earnings given pull back today and likely upside from GPUs and CPUs in 4Q. +* After meetings at Consumer Electronics Show and positive Intel news, wouldn't be surprised to see a \`\`notable beat'' and raise from AMD. +* Earlier, Intel's new CEO a good choice long term, Wall Street says, with [caution near term](https://seekingalpha.com/news/3651132-intels-new-ceo-good-choice-long-term-wall-street-says-caution-near-term?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link); VMware (NYSE:[VMW](https://seekingalpha.com/symbol/VMW?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) CEO management change[ may add hurdle to spinoff, RBC says](https://seekingalpha.com/news/3651156-vmware-ceo-management-change-may-add-hurdle-to-spinoff-rbc-says?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link) + +&#x200B; + +[https://seekingalpha.com/news/3651190-amd-stock-weakness-is-buying-opportunity-on-intel-ceo-news-rbc-says](https://seekingalpha.com/news/3651190-amd-stock-weakness-is-buying-opportunity-on-intel-ceo-news-rbc-says) + +==================================================================== + +* Intel's (NASDAQ:[INTC](https://seekingalpha.com/symbol/INTC?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) [decision to name VMWare (NYSE:](https://seekingalpha.com/news/3651072-intel-gains-10-ceo-bob-swan-will-step-down-amd-drops-3?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)[VMW](https://seekingalpha.com/symbol/VMW?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) CEO Pat Gelsinger as its new chief is a good one, though he's unlikely be able to turn around the company in the near term, analysts said. +* BofA analyst Vivek Arya, who rates the shares underperform, says that while the CEO news is positive, it's now reflected in the share price post its 10% move; raises PT to $58 from $50. +* BMO analyst Ambrish Srivastava writes in note that Gelsinger is a strong choice, especially given his history with Intel, though he might not be able to fix the situation immediately. +* INTC remains market perform at BMO, PT $50. +* Separately, Keybanc analyst Weston Twigg writes that while he expects Gelsinger to be a strong CEO, the Intel "he left is not the Intel that exists today, as the company has stumbled badly with its technology and execution over the last several years.'' +* Expects that Gelsinger's appointment will likely increase chances Intel will remain with internal manufacturing, "which is not necessarily the best path''; prefers to see Intel focus on outsourcing its CPU tiles. +* Earlier, VMware taps CFO Rowe as interim CEO, [seeks new chief as Gelsinger heads to Intel](https://seekingalpha.com/news/3651120-vmware-taps-cfo-rowe-interim-ceo-seeks-new-chief-gelsinger-heads-to-intel?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link). + +[https://seekingalpha.com/news/3651132-intels-new-ceo-good-choice-long-term-wall-street-says-caution-near-term](https://seekingalpha.com/news/3651132-intels-new-ceo-good-choice-long-term-wall-street-says-caution-near-term) + +&#x200B; +Good morning everyone, I currently have a 6 years old Volvo V40 with 130000 km, valued around 9000 € and I don't know if it's better to sell it know and invest the money on a new car or wait few years till the end of its life and buy a new car paying it full. I made around 25000 km every year. + +What do you think? Invest or wait? + +Thanks to everyone +When i turned 18 i we found out about my mothers terminal cancer so i decided to hold off on college or work to help her as her health deteriorated she passed on Wednesday and now I,m going to be homeless on the first with no family or friends i can turn to and all i have to my name is a ford crown vic with a busted radiator 300$ and my cell phone. i have no idea were to even begin trying to get my life back together and i really just need some advice and i live in Beloit Wisconsin if that's relevant. + +Update 1 : Just got off the phone with one of my high school teachers who is willing to put me up through the summer or till find my own place thank you for the responses so far + +update 2 : Talked to the mechanic he said i just need to pay 200$ for parts and can pick her up Tuesday + +update 3 : thank you for all the amazing replies my teacher just a came through to help me get some things straightened out and i will hopefully be back with good news +&#x200B; + +[u\/luridess on her way to 🦍, 🦍 & 🍌 LLP](https://preview.redd.it/23el5ec33zv61.jpg?width=889&format=pjpg&auto=webp&s=3fdbef9fc373dc102c478fe63db6fb3040715d02) + +*EDITS:* + +1. *in my haste to get this message out to all you apes, my title* *~~incorrectly says 2020 Annual Report... it should say 2021 Annual Report~~* *is CORRECTLY referring to the 2020 Annual Report that will be filed in 2021, not the 2019 Annual Report that was filed in 2020, in response to some questions/comments by apes in this and other posts. Thank you* u/hdeck *for catching that. This is what happens when I take a quick break from work to update the community... 😅* +2. u/HolyPhoenician & u/TheKingOfLimbs made excellent points in the comments. We are [LEVELING UP TOGETHER!](https://www.youtube.com/watch?v=Dh-ULbQmmF8&t=14s) This is the way! 🦍 support 🦍 + +&#x200B; + +**EDIT 3: ALTERNATIVE LINKS** + +* Yes I am aware that some of you have many wrinkles and are familiar with alternative links on proxy websites. +* If you want to go ahead and use them, that's fine. **You do you.** +* There have been many informative posts submitted by users recently regarding cyber-security. +* We are learning how to protect ourselves in the digital era. +* But given the influx of shills/fuds/phishing scams in the past few weeks, especially when it comes to proxy voting, the purpose if this post is to provide **SOLID, CLEAR AND EASY TO FOLLOW INSTRUCTIONS** for apes who are not familiar with these matters. +* The links that I have posted are solid, verifiable information. +* **ANY INFORMATION THAT IS AVAILABLE ON ANY OTHER WEBSITE, WILL ALSO BE AVAILABE ON THE TWO LINKS THAT I POSTED.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Apes, + +We are seeing an influx of posts linking to an UNVERIFIED version of Gamestop's 2020 Annual Financial Report. I know that you are all excited and want to dig in! Believe me, as someone who deals with SEC filings for a living, I'm also excited! + +BUT, before anyone starts digging into this and posting their thoughts/interpretations/DD, let's wait until Gamestop uploads the Annual Financial Report to their website and submits it in their SEC filings. The link above could be the official 2020 Annual Report, but we don't know that yet. + +**And it doesn't matter if that is the correct version or not.** + +Why? + +If there's only one important lesson that we all need to learn, if there is **ONLY ONE WRINKLE YOUR APE BRAIN CAN FORM**, it's this: **ONLY REFER TO GAMESTOP'S WEBSITE OR THE SEC WEBSITE FOR FILINGS**. Do not, ever, for any reason, whatsoever, at any point in time, ever, ever, ever, refer to any website or link OTHER THAN what you can find directly available on Gamestop's website OR the SEC website. + +FYI - All voting information is available directly in [Gamestop's DEF 14A filing](https://investor.gamestop.com/node/18846/html). u/Leaglese and I are working on a comprehensive Voting DD for all you apes around the world, we'll be posting something shortly. + +If we wait for the version uploaded to Gamestop's website or to the SEC website, we can all make sure we are working from the correct, official version of the document. + +This is not to say that Apes are posting misinformation/FUD. Far from it. This is just to clarify which links we should be using, because these are the same links that professionals use. + +**We should all get used to referring to official Gamestop Legal Documents that are available only on the following two websites:** + +1. [https://investor.gamestop.com/financial-information/annual-reports](https://investor.gamestop.com/financial-information/annual-reports) +2. [https://www.sec.gov/edgar/browse/?CIK=0001326380](https://www.sec.gov/edgar/browse/?CIK=0001326380) + +Thank you all. + +🦍 support 🦍 + +💎🙌🌕🚀 +As some of you know, u/fucktokenbot was recently banned from r/ethtrader. We created the first ERC20 tip bot to spread awareness about Ethereum, but our efforts were shut down and our account muted. We can mold and adapt our tip bot to fit the needs of this subreddit, including onboarding other tokens, but with this sort of censorship we have no voice in the matter. + +The bot has seen success in other subreddits: https://imgur.com/a/HW1vj + +This is the latest u/fucktokenbot comment: https://imgur.com/a/oKpaY + +We were recently given permission to operate our tip bot on r/ethtraderpro and would like to have it unbanned from this subreddit. + +I’d like to hear your opinion, including the mods, on the advantages and disadvantages of having this tip bot operate on r/ethtrader. Would the community like the tip bot here? We are open to any feedback, be it negative or positive. + +Hello! I'm gonna list the bills I have and I need assistance on what to do to make my life easier and not so tight. + +Car payment: 520 +Car insurance: 320 +Phone: 60 +Rent with utilities: 700 + +Those are my main bills, of course I have to get gas and groceries, but I make 3360 before taxes and at times it can be a bit stressful. Is this something that I just need to figure out how to control or do adjustments to income or bills need to be made? +I get that PMI is an expense that you have to pay for a while. The conventional wisdom is to save more money so you can put 20% down and avoid PMI. + +But, if you take the extra 5 years to save 20% vs 10% down payment, you’d be paying rent which would be at least $1,000/month which you can’t get back. That’s at least $60k in rent you’d spend to save how much in PMI over that same period? + +Why is the convention wisdom to throw away over $1,000/month to rent in order to save $100/month in PMI? + +Edit: thanks for all the posts. Some really great comments. A few things I should have been more specific about as I should have been clearer on what I think the general advice is: + +1) Putting 10% down should be minimum as many posters pointed out that 2008 sucked hard, and we’ve had abnormal house appreciation since then. + +2) An emergency fund is critical when you rent, it’s 100x more important when you buy. + +3) Credit score is so important and impacts mortgage rate and PMI. + +4) keep PITI to 30% or less than your income + +A few other comments: + +This post was focused on the assumption that the person is currently renting and does not live at home. + +There is a break even point with renting to save vs paying PMI, depending on how long you need to rent to save up to 20% down payment. A poster nailed it their analysis so thank you. + +Also, this is not a rent vs buy post, so please keep it on topic. +What is your savings goal and why? I would also appreciate input from those who are currently putting kids through college or have recent college grads. How much did you save and do you feel like it was enough? +After working for a year and using no paid time off. I have over 50 hours of pto, is my employer required to pay out unused pto on the final paycheck? + +Edit 1:I live in Nebraska. + +Edit 2 :you all are the best thank you for the help + +Edit 3 :i have a job lined up and i am not planning on collecting unemployment only my unused pto + +Edit 4: Nebraska requires pto to be paid out regardless of resignation or termination +For real. I cruise over to any other sub, and constantly you see controversy and people being absolute dicks. I bought my first shares in February last year, I put my $10k in savings into this, I've continued to buy here and there when I can afford it, and spent (an uncomfortable amount of) time on this sub soaking in everything I can. From basic investment knowledge to massively complex DD's. And with 100's of hours browsing, there is almost no promiscuous behavior, no massive arguement threads, and the page self regulates with great scrutiny, understanding, and knowledge. Don't get me wrong. We have assholes. We have the good ole' shillys, and the bad actors. But we've created this space where these people are called out and disapproved of or banned. We moderate our mods, we listen to each other, we take polls on major decisions. It's like nothing I've ever seen before. Even the single topic pages I follow on FB, that people have to seek out and be approved to join, have controversy. I just wanted to make this post and let you all know I appreciate you. I respect you. And I'm here for you. I'm so excited for the ride or die, lambo or food stamp, the BIGGEST TRANSFER OF WEALTH IN HISTORY! Keep looking out for each other and I truly hope to see some of you guys in the future. Ape no fight ape. Buy, hodl, DRS. Thank you everyone. + +EDIT: Holy guacamole.. I woke up to this blowning up! You guys really are the best. ❤🧡💛💚💙💜🖤 + +ALSO AN EDIT: I made it a point to thank everyone who gave this an award, but it appears some received awards don't show up in my notifications/DMs (anonymous or not) so I can't send private message out to thank ALL of them. But know that if I didn't send you a message, I would've if I could've because I respond to all of them and I really appreciate them all. 😊 +I recently built a stock research tool that's specifically designed for long term investors ([https://www.oakheartcapital.com/](https://www.oakheartcapital.com/)). + +As a long term investor, I find the most time consuming and tedious part to be compiling financial data from SEC filings. The problem is that stock brokerage or 3rd party research sites (i.e. yahoo finance) only provide limited financial history (5 years of annual results and 5 quarters of quarterly results). However, that amount of data is often not enough for long term investing, and manually compiling SEC filings takes a lot of time. + +There are paid solutions that do this, but they cost thousands of dollars/year. As a result, they are cost prohibitive unless you have a few million dollars to invest. Most retail investors, including myself, can't rationally justify that cost. + +Last but not least, current research tools available really focus on short term stock performance. How much did the stock price change in the last hour? Why did it move in this way? While useful for traders, almost all of that information is noise for long term investors. The single biggest challenge for long term public market investors is holding onto great companies through volatility. Consuming the noise everyday makes this job much harder. + +In short, I want a stock research platform that helps me understand company fundamentals and track important updates without being inundated with short term noise. I couldn’t find any existing solutions out there so I decided to build my own. + +With Oakheart Capital, this is my first stab at solving this problem. With it, you will get: + +* Up to 30 years of consolidated financial statements, cleaned and normalized across companies. All financials converted to USD. +* Calculation of key valuation metrics over time. +* Links to SEC filings for subsequent deep dives +* Easy to use stock screener that can filter by sector, industry, key financial metrics and growth. + +I also made some unconventional design choices to help eliminate noise: + +* The default price chart starts from the stock IPO date. This is a low cost way to remind myself to focus on the long term, not daily price movements. +* There is a stock news section, but it is filtered to eliminate low quality articles that drive clicks without adding value (most of them are ones that regurgitate stock price movements or perform technical stock analysis). + +The tool is free to try and no credit card required! The free plan gives you ~~3~~ 5 years of annual and ~~12~~ 20 quarterly results. Most free data providers give 5 years of annual and 5 quarters of quarterly results. Pro plan is priced at $20/month, and will give you up to 30 years and ability to export data to excel. + +If you are someone that’s actively pursuing a long term investing, please try it out! Would love to hear your feedback. + +Thanks! + +**UPDATE 9/2/2021:** Lots of great feedback and interaction from the community since yesterday. Already have a big list of ideas to prioritize in my to-do's. There were 2 constructive feedback that stood out to me the most: + +1. The free tier's data is lacking. 3 years is simply not compelling enough to overcome the switching cost. This is a fair criticism considering other features of the site is still in need of development. I have since extended this to the 5 years and 20 quarters of results. This is now substantially more than any other major provider's free tier offering (i.e. Yahoo/Google Finance, Morningstar, Zacks etc.) and an incredible resource. To access the quarterly results, simply create an account. +2. There are people that were interested in trying the pro version, but wanted a risk free way of doing it. Again, totally valid point. This was always my intention, but I should have made it more explicit on the site. If you do purchase the pro version and find it not helpful within 30 days, I'll give you a full refund, no questions asked. I'll also be implementing a free trial period in the coming days so you will only be billed starting the next billing cycle. + +Lots of exciting work ahead. If you are interested in following along, please sign up for the newsletter or create account. Your feedback is invaluable to shape the future of the platform. Thanks again for the support. +I am reading an article on Elon Musk's views on moas (which the Motley Fool thinks we should heed!) and the original quote is: + +&#x200B; + +>First of all, I think moats are lame. It's nice sort of quaint in a vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is the pace of innovation. That is the fundamental determinant of competitiveness. + +This seems ridiculous to me. If a company has to rely on innovation and pour funds into R&D just to keep up with competition with new products etc... then it never had a moat in the first place. The whole essence of a moat isn't just a competitive advantage - but a **DURABLE** competitive advantage. + +The very consistency of the product, switching costs, barriers of entry etc.. are proof of the moat which stands for the long-term economics of the business. Companies come and go, and the ones that stay are rare. + +What do you all think? +I know you shouldn’t look at P/E in a vacuum, but I’m a bit of a scientist myself, and when something becomes so massive that it has its own gravitational pull, that’s when I start to ignore this rule of thumb. + +1,700 is -insane-. People were saying Tesla was overbought (still is, imo) at 350 P/E, and now we see it tumbling. + +I mean, CHWY’s number look great. They have a great trajectory. I feel like the company is headed in a good direction, but there is SO MUCH optimism priced in that I can’t justify it and I’m pretty sure I want to buy long term puts on it. + +Someone teach me something that I don’t know. +A Game Changing Release to the BSC World!🔥🚀 + + ️💥Welcome I-NDC 💥 + + By Nano DogeCoin + +📢ANNOUNCEMENT TODAY AT 5PM UTC 📢 + + +I-NDC is a revolutionary and state of the art staking implementation within Nano Dogecoin's dashboard that has NEVER been done before in the entire crypto market! + +$NDC, is breaking many barriers and surely has the moon as it's destination. $NDC holders are rewarded daily in USDT and holders have attested to the steady increase of reflections they receive. Now a major bonus to the already groundbreaking strategy, Nano Dogecoin releases I-NDC to it's holders on August 23rd, 2021. + + +Here's The NDC REVOLUTION: + +1.) Dual staking + + - NDC rewards & USDT reflection + + - compound NDC with 0% fees + + - compound USDT with 0% fees + +2. Lower Taxes to 3% + +3. 20 Trillion Token Burn - 2% of supply + +4. INDEX FUND- NDC + + +⚙️Tokenomics: + + • 1% USDT Redistribution + + • 1% Marketing + + • 1% Liquidity + + +STAKING, BURN, AND 3% TAX IS GOING LIVE ON THURSDAY. TIME WILL BE ANNOUNCED IN OUR TELEGRAM. + + +Join the community to be a part of the NDC REVOLUTION! + +Telegram: https://t.me/NanoDogecoin + +Website:🌎 http://NanoDogeCoin.com + +Twitter:🐥https://twitter.com/nanodogecoin?s=21 + +Telegram (https://t.me/NanoDogecoin) +I was just starting high school during the last major correction and I wasn't making my own investments as I am today. Just curious to hear how the market sentiment was prior to the housing bubble popping from traders who were as actively trading around that time. +For the past few weeks I've been able to pick up some extra hours at 3x my normal rate. I should be thrilled, but I'm not. All that happens on those days is I come home exhausted and miss out of my evening. The money is good, but it just doesn't affect my life in any way. The only change is a 1% gain in my account balance at the end of the week. I already buy small things whenever I feel like it, but spending $500-$1000 on something I want feels like too much. The problem is that I expect to make about $1.5 k before this contract ends, but I want to save up for a down payment. In my area, that means about $60 k (I know about FHA loans and stuff, its an issue of I can't afford a $300k+ mortgage with PMI on top) since $300k is about the very bottom of even condos for 100 miles. Houses start at $500k unless they are a tear down. It feels like the only way I'll ever own something is with a large pay jump, not by being smart with money. + +&#x200B; + +Anyone else have a similar issue where it feels like your goals are just too far away to reach and good discipline isn't enough? + +&#x200B; + +Edit: Y'all been so helpful. Sorry for being vague in my replies, I have had people data mine me during arguments before and its pretty annoying. I'm going to go buy a new putter today and hope to get a nice promotion this month. Otherwise I'll look into places to move to. +Just wanted to let my follow apes know, my father works for one of the biggest home builders in the US. Their current guarantee is if the price falls while under contract, they will adjust at closing for the buyer, to ease concerns. This is a major indicator of the housing market tanking. + +Stay jacked my friends +DATAMETREX +DM(TSXV) DTMXF (OTC) D4G (FSE) +Conducts business in: CYBER SECURITY/AI TECH/COVID TESTING/CRYPTO-BLOCKCHAIN/TELEHEALTH +Business locations: Toronto/Montreal/Vancouver/Seoul and ties with Germany +---------------------------------------------------------------------- +As of June 30, 2020: +Outstanding share 259,016,361 +Options 25,900,000 +Warrants 6,044,000 +Fully diluted 290,960,361 +MARKET CAP 290,960,361 x 0.305 (FEB 23, 2021 closing price) = $88,742,910 +------------------------------------------------------------------------ +Financials: +2020 Q1 – January to March +System licensing 326,241 + system integration 483,161 +TOTAL REVENUE: 809,402 +2020 Q2 – April to June +System licensing 391,362 + system integration 187,961 + covid kit/test 1,375,071 +TOTAL REVENUE: 1,954,394 +2020 Q3 – July to September +AI Tech 2,526,686 + covid kit/test 2,324,206 + other 11,433 +TOTAL REVENUE: 4,862,325 + +362,000 profit in Q3 with 1,400,000 in cash and 2,000,000 in receivables + +(Revenue of 7.6m in 9 months with over 4.8m from Q3 alone. Represents more than 50% of the total 9 month revenues from Q3 alone) + + +Selfnote: Q4 has potential to set off the rocketship to the moon +------------------------------------------------------------------------------ +SECURITY TECH: Nexalogy (Cyber Security + Health Security) and AI Tech +Many different branches providing different tech driven support including: +NexaSecurity/NexaIntelligence/NexaAgent/NexaSMART + +Where has this technology been deployed? +NATO deployed NexaSecurity in Operation Trident Juncture +NexaSecurity was deployed in Parliament Hill, Ottawa on Canadas 150th birthday +NATO deployed NexaSecurity to control disinformation when the Helge Ingstad sunk +Five Eyes (FVEY) deployed NexaSecurity during CUE18 +Nexalogy was deployed to collect data to prevent disinformation during the SNC-Lavalin affair +Nexalogy was deployed to prevent fake news during the Energy East Pipeline proposal +Nexalogy Cyber filtration was deployed by Democracy Labs during SeeSay2020 +Datametrex working with US government agencies on covid19 +Second contract with US Air Force WSARC. Gunter stated this is a renewable business due to their valued tech. +R&amp;D for the Department of National Defence’s IDEaS program. $217,000 for completion. +Sales agreement contract with 7-11 for Robotic Process Automation +2 AI Contracts yielding revenues of 150,000 total. ABL Life Insurance and Seoul International Airport (IIAC) (Revenue should impact Q4 of 2020) + +Self note: These contracts or agreements do not yield too much revenue but the partnerships contain some high profile government organizations. +------------------------------------------------------------------- +COVID TESTING +Datametrix deploys new AI Non-contact Temperature Assessment Device – MiCovid Cam Temperature Scanner. Features include: AI Thermal Detector/Facial Recognition/Non-contact procedure. Deployed to COVID 19 testing customers. +Vancouver laboratory capable of 10,000 tests per week and can expand further. +On December 17, Datametrex provided covid kits to 17 film production companies yielding approximately 6,000 tests per week and expects that number to increase significantly. +Datametrex’s 1copy Covid19 qPCR Multi Kit is capable of detecting the new UK variant (B.1.1.7) +Datametrex selected as one of Air Canada’s covid testing partners. Testing employees on the front line and in-flight on a “As needed basis.” +Provides concierge covid 19 testing service in Toronto and Vancouver. Available to individuals, groups, companies, organization. The idea came from famous actors on set wanting to be tested in the comfort of their own home instead. +23,000 covid kits sold to film production companies between October and December yielding approximately 4,000,000 in revenue (should impact Q4 2020). This goes towards their “$20,000,000 over 28 weeks” revenue model that was set on Oct 27, 2020. There is no assurance this will be met. (First film production contract began in Aug 26, 2020) +Secured exclusive and non-exclusive rights with WIZCHEM CO. based in South Korea. WIZCHEM CO. is FDA EUA CE GMP certified. They manufacture COVICHECK SALIVA DNA/RNA tests. Datametrex filed Health Canada and Saudi Food and Drug Authority paperwork and is waiting for approval. Exclusive rights include Canada and Saudi Arabia. Non-exclusive rights include US, UK, and the European Union. +Datametrex has a long term contract with a Canadian mining company dating back to May 15, 2020. +Sale on May 15, 2020 of $500,000//June 24, 2020 of $500,000//September 6, 2020 of $1,600,000//Feb 1, 2021 of $250,000 (Total: $2,850,000) +Their website currently offers 8 different covid test with different sorts of approvals for different countries. + +selfnote: Q4 revenue could potentially be monstrous. How much profit do they make though? +---------------------------------------------------------------- +CRYPTO AND BLOCKCHAIN +Datametrex owns 25% of Graph Blockchain $GBLC +Wholly owned subsidiary Ronin Blockchain mining platform to be reactivated. Spin off and raising funds. +TELEHEALTH +Acquisition of Concierge Medical for $750,000 (4,411,764 common shares @ 0.17) plans to launch telehealth services. +Selfnote: not much going on here… +---------------------------------------------------------------- +ADDITIONAL STUFF +Datametrex has signed NUMEROUS contracts with LOTTE for tech services and maintenance. They have signed so many I got a headache trying to find when the first one was. The former LOTTE Executive was hired to Datametrex’s Sales Team. +​ +June 25, 2019 $1,000,000//January 20, 2020 $600,000//April 13, 2020 $250,000//Aug 13, 2020 $2,300,000//Aug 20, 2020 $250,000//Jan 20, 2021 $500,000 (this is all I could find, orders go longer than June 25, 2019 I assume) +Total: $4,900,000 in continuous revenue from LOTTE. +If you don’t know how big LOTTE is, let me tell you. Lotte consists of over 90 business units employing 60,000 people. LOTTE is in industries such as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment. They have businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, USA, UK, Kazakhstan, Russia, Phillippines, Myanmar, Pakistan, Poland, Australia, and New Zealand. HOLY FUCKING HELL LOTTE IS BIG. +Contract was also signed with Hyosung Corp on April 13, 2020 for $120,000 +Clients include: FORD, Telefilm Canada, LOTTE, NURUN, IDEaS, CPA, YellowPages +-------------------------------------------------------------- +MY TAKE ON THIS: +How can you not like this company.. they have contracts with NATO, US Government, US Military, Canadian government, FVEY, 7-11, Seoul International Airport and LOTTE just to name a few. Keep in mind that LOTTE is keeping Datametrex fed. Covid revenues from film production and the mining company is keeping Datametrex fed. Their crypto and telehealth section is literally there for fun. The company can suffice without these. Datametrex doesn’t only offer covid test kits, they offer a state of the art temperature scanner as well. Kit sales and testing is expected to increase significantly. I love CBDT but Datametrex TAKES THE CAKE! Datametrex’s wheels are in motion as we speak whereas CBDT still has an uncertain future but they do have a powerful team and affiliates. With a market cap of only 88.7m and cbdt being 600m.. this is truly a gem worth watching. I keep saying everything is undervalued but does this not seem undervalued to you? The connection and reach this company has is priceless. Great CEO Marshal Gunter. I will no matter what hold CBDT because there is a clear vision for strong revenue performance. Datametrex does not flaunt. Datametrex uses numbers to speak. Buy some Datametrex would be my suggestion but ALWAYS DO YOUR OWN DUE DILLIGENCE. +FYI. +23,000 kits sold from Oct to Dec = $4,000,000 +Order from mining company = $1,600,000 +2 AI contracts = $150,000 +TOTAL 5,750,000 revenue at the least for Q4. Q3 revenue was $4,800,000. +Q4 has yet to be released. + +https://www.reddit.com/r/Datametrex/ +JOIN DATAMETREX ON REDDIT! +As part of their bankruptcy legal proceedings Celsius published a 14,000-page document detailing every user's full name, linked to timestamp & amount of each deposit/withdrawal/liquidation. + +**This is a horrific and unprecedented breach of privacy.** + +This list is online in an unprotected PDF form and anyone can search it or even download it. + +Nosy neighbour? Spouse? Employer? Crypto scammers looking for targets? Blockchain analysis firms that can now put a name on self custody wallets? You name it. + +And yes, this is a public court document, but man, why didn't they redact part of the names? Why did they put this on the internet? Why didn't at the very least give a heads up? Did they even give a fu\*k to do this properly? + +This is probably one of the best examples of not your keys - not your coins. Not only will they steal your funds, they will also leak your information. + +Edit: + +1. It is confirmed that this list includes EU customers, so my guess is that's a global list. +2. The wife of former-CEO Alex Mashinsky was shown to have withdrawn $2 million in crypto on May 31. They stopped withdrawals 13 days later. +3. Many users in the comments have pointed out that this is standard procedure for Chapter 11 and that Celsius lawyers tried to avoid it but was rejected by a judge. For me, this remains a cautionary tale that not only can you lose your coin but also your private information. Why didn't Celsius notify us about this beforehand and couldn't they have taken a different legal route all together? + +&#x200B; +Throwaway because this is honestly embarrassing to talk about. I work for a local grocery store (not a big chain just a more regional one) and the pay is absolutely horrible. The only reason I stick around is because I’m one of the more senior employees so I can usually tailor my hours around when my daughter is home so I don’t have to pay for childcare. I’ve interviewed previously for a few other places close by but any increase in salary there would more than be eaten up by the cost of childcare so I stick to my current place. Recently with the cost of everything rising our budget has been severely affected to the point of having food on the table is a concern. I’ve watched for years as we throw away slightly bruised fruits and vegetables, cans and boxes of pasta with a few dents in them and breads/bakery items that have expired but are still good for another day or two. + +I finally had enough and one evening after my shift I went to the dumpster and got out as much as I could. I got several boxes of pastas and bakery items that were still good to use! I thought I had just discovered a way I would be able to help my family get by until the next day at work when right at the beginning of my shift I was taken to the management office. I was sat down and shown a video of me dumpster diving from a security camera at the back of the building. I was told that effective immediately I was let go because “it was a horrible look to have employees pull food out of a dumpster.” I tried my best to make my case but to no avail. I seriously just feel so defeated, I was punished for trying to provide my family with a basic necessity and now I’m really scared for the future without a new job lined up. +My girlfriend and I ran into this couple that told us they are both retiring this year. We had a super genuine conversation and they seemed very nice! They said they met this “person” that have them all the tools and resources to make this happen. Before we were gonna go on about our day, they said they would love to introduce us to that “person” and put in a good word. + +my question is: is this some type of investing opportunity or some sort of scam? I’ve never met anyone IRL that’s retired young so I’m a little skeptical. I’ve only heard stories online about it lol. + + +TLDR; Couple said retiring early, said they’d introduce us to their friend that helped. Is this a scam? +https://www.cnbc.com/2019/05/08/trump-administration-requires-drug-makers-to-list-prices-in-tv-ads.html + +Pharmaceutical companies will be required to disclose the price of its prescription medicines in television commercials, the Trump administration says. + +The requirement is set to take effect as soon as this summer and will apply to drugs that cost more than $35 for a month’s supply. +Nearly all of the advice in this group is centred around minimising expenditure by being frugal and making smart long term financial decisions to support a comfortable retirement, and it's made me curious in what ways people aren't doing the financially "smart" thing because it brings them joy. + +For example, I like drinking nicer bottles of wine instead of cheaper wine and I bought a Toyota GR Yaris brand new which I absolutely love even though I know it will depreciate and 'cost' me money. + +In what ways do you spend money extravagantly? +# O. Preface + +**TLDR:**There is an SEC rule - Section 14(a), Rule 8 of the Securities Exchange Act of 1934 - that enables ordinary shareholders to advocate something called a Shareholder Proposal. The rule is very well defined, in terms of the scope of who is permitted to make proposals, and the extents to which companies are allowed to dismiss or accept such proposals. Should such a Shareholder Proposal be within the defined scope of the rules, the company is compelled to put the proposal to all shareholders to be voted on. + +It is my belief that Rule 14a-8 could become pivotal sometime in the near future, when the number of shares directly registered exceeds half of shares outstanding. At that point, utilising the SEC's Rule 14a-8, individual\* shareholders can make proposals which the company's operational management possibly cannot themselves advocate or inact, for fear of litigation by SHFs and other nefarious actors. Hence when greater than 50% of shares outstanding are DRSed, individual\* shareholders may have the power to do what GameStop's management is perhaps unable to do themselves: instigate a chain of steps that leads to MOASS. + +*(\* note the emphasis on individual, as it truly is only individual investors that can make such Shareholder Proposals under Rule 14a-8)* + +https://preview.redd.it/vssbpp86u0l91.jpg?width=1768&format=pjpg&auto=webp&s=82e4c69896c80d0e4e7809b5776590f16250638d + +&#x200B; + +# 1. What is Rule 14a-8? + +*(Firstly let me acknowledge that there will be many members of this sub who know about this rule already. It has been brought up in the past before, although I believe not necessarily within the scope of what I am going to detail in the latter sections of this DD. However, if you are familiar with the finer workings of the rule, feel free to skip to section 4 below.)* + +Buried within the SEC's Securities Exchange Act of 1934 is the following rule: + +**§ 240.14a-8 Shareholder proposals** + +[https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf](https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf) + +If you have the time, I would encourage reading it rule in full, as the entire basis of this DD is the finer details of this rule! However as it is very lengthy, below are the most important points to understand the gist of the rule: + +***What is a proposal?*** A shareholder proposal is a recommendation or requirement that the company and/or its board of directors take action, which is intended to be presented at a meeting of the company's shareholders to be voted on. The proposal should state as clearly as possible the course of action that the person making the proposal believes the company should follow. + +***Who is eligible to submit a proposal?*** A shareholder who has continuously held:(A) At least $2,000 in market value of the company's securities entitled to vote on the proposal for at least three years; or(B) At least $15,000 in market value of the company's securities entitled to vote on the proposal for at least two years; or(C) At least $25,000 in market value of the company's securities entitled to vote on the proposal for at least one yearAdditionally, the person must make themselves available to meet with the company (in person or through teleconference) within a month of submission. They must also be available to attend a Shareholders Meeting to detail the proposal to the rest of the shareholders (again in person or through teleconference). + +***How does one prove such ownership?*** Submit a statement of ownership from a broker or bank. Of course the most secure proof of ownership, I believe, would be such a statement from ComputerShare. + +***Can a group of shareholders submit such a proposal?*** No, as it is not permitted to aggregate holdings with those of another shareholder or group of shareholders, to meet the requisite amount of securities necessary to be eligible to submit a proposal. + +***How long can the proposal be?*** No more than 500 words. Accompanying linls and images are not counted towards the word count. + +***How many proposals can be submitted?*** No more than one per shareholder. + +***When can a proposal be submitted?*** 120 days or earlier from the expected annual proxy statement. GameStop's proxy statement in 2022 was released on 22nd April 2022. Therefore the next proxy statement is likely to be made on 22nd April 2023. 120 days before this is 23rd December 2022, thus this is the deadline for making a Shareholder Proposal for inclusion in next year's Shareholders Meeting. + +***So the earliest such a proposal can be voted on is next June's Shareholders Meeting?*** In fact, GameStop's By-Laws appear to leave this open. Senior management can call for a special meeting, presumably at which shareholder voting can take place including Shareholder Proposals, at any time: + +[https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321\_fifthamendbylaws.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) + +*^(Section 3: Special Meetings. Except as otherwise required by law, a special meeting of the stockholders of the Corporation may be called at any time by the Chairman of the Board or the Chief Executive Officer or by the Board pursuant to a resolution adopted by a majority of the then authorized number of directors. Any special meeting of the stockholders shall be held on such date, at such time and at such place within or without the State of Delaware as the Board or the officer calling the meeting may designate. At a special meeting of the stockholders, no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting.)* + +***Who will decide whether to include proposal in the Shareholders Meeting?*** The basic rule is that such a proposal has to be included, unless the company can show the SEC that it should be excluded for a certain reason. + +***What kinds of grounds are there for exclusion?*** Currently there are 9 such reasons the company can give, which are that the Shareholder Proposal is:(1) Improper under state law i.e. in GameStop's case, this would be Delaware state law, as this is where the company is incorporated(2) Violation of law i.e. breaching Delaware or Federal law, if enacted(3) Violation of proxy rules, which are the SEC rules the company has to follow for submitting proxy statements(4) Personal grievance; special interest i.e. if benefiting the individual only, and not shareholders at large(5) Relevance i.e. only affects less than 5% of the company's business or revenue(6) Absence of power/authority i.e. calling for something the company cannot directly effect, and thus out of the company's control(7) Management functions i.e. affects the company's normal business operations in a disruptive manner(8) Director elections i.e. results in a change to the make-up of the board(9) Conflicts with the company's own proposal i.e. directly goes against a proposal by the company in the same area + +***Couldn't a company use number (7) above to get most proposals excluded?*** The SEC has put out a bulletin clarifying the scope of this:[https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals](https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals) + +To cut a long story short, this bulletin explains that a company's Board of Directors knows best how a proposal could negatively impact a company's ability to conduct day-to-day operations. Thus, they must explain in more detail what operations would be affected to the SEC. It is then up to the SEC to make a decision to exclude the proposal or force the company to put it to shareholders. + +***Can a shareholder appeal if it is decided a Shareholder Proposal can be excluded?*** Yes, an appeal can be submitted to the SEC explaining why the decision is unfair, and a further review will be carried out. + +One final note is that the SEC proposed some amendments to Rule 14a-8 on July 13th, which would also allow exclusion of a proposal for the following additional reasons: + +[https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements](https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements) + +(10) Substantial Implementation i.e. if the company has already enacted most of the proposal already + +(11) Duplication i.e. if multiple proposals are basically advocating the same thing, then only one can be put forward to shareholders + +(12) Resubmission i.e. if the same proposal was made and voted against in the previous 3 years + +These amendments to the rule are open to comments to the SEC from September 12th to October 12th, and potentially enacted some time after that period. + +# 2. Examples of the rule in action + +Firstly I want to show you what a Shareholder Proposal can look like. Below is one that was submitted by Mr. Gregory M. Shepard of Bradenton FL., one of the investors in a company called Donegal Group Incorporated. In this example, he is advocating to the wider shareholder body that Donegal seeks the services of an investment bank, to explore M&A options for the company: + +[https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm](https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm) + +https://preview.redd.it/eq4xzd8cu0l91.jpg?width=1590&format=pjpg&auto=webp&s=db8beaaf566ea57ae88f487d608d3f120a55729b + +Below is a very typical Proxy Statement including a summary of several Shareholder Proposals, this example being from Johnson & Johnson's Proxy Statement from June 2022: + +[https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm](https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm) + +https://preview.redd.it/g44mcdngu0l91.jpg?width=1590&format=pjpg&auto=webp&s=840d19325b117061a7ec8cda95c3901009750f8d + +You will notice that Johnson & Johnson's board has recommended that shareholders vote in favour of all their proposals, and vote against all the Shareholder Proposals. In conducting the research for this DD, I looked at proxy statements by a large number of companies, and saw this was very typical. This included many proposals that to me looked very sound and sensible, such as some of those submitted to Johnson & Johnson above. For example, in the May 2022 Proxy Statement by McDonald's: + +[https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6\_defa14a.htm](https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6_defa14a.htm) + +https://preview.redd.it/6qoviv9ku0l91.jpg?width=1768&format=pjpg&auto=webp&s=0e844a47263bae05539af9625452884ec64dc384 + +This 2021 Proxy Statement by Microsoft: + +[https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm](https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm) + +https://preview.redd.it/zjvvxulpu0l91.jpg?width=1768&format=pjpg&auto=webp&s=60e9f1eb2d020d0f3109ef1aae5a16c94677d6be + +In fact, I searched through hundreds of Shareholder Proposals to corporations of various sizes, and could not find a single instance where the company recommended voting in favour of the proposal. It appears to me that the standard business practice of publicly listed firms in the United States is, in fact, to advocate voting against Shareholder Proposals as basically a "default" response. I have a theory as to why companies follow this seemingly standard approach, which I will explain in Section 4 of the DD. + +Finally, I would like to give you a flavour of what kinds of topics individual shareholders typically put up for Shareholder Proposals. For the past few years, the Columbia Business School's blog - 'The CLS Blue Sky Blog' - has published an annual summary of Shareholder Proposals in that year’s "Proxy Season". Below is some interesting information about the most common types of proposals put forward by individual shareholders earlier this year: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/9hukxutsu0l91.jpg?width=1768&format=pjpg&auto=webp&s=92573dde6329bca38284f04a20b499e34c620c94 + +As you can see, the majority of proposals this year and last year have been around ESG (Environmental,  Social & Corporate Governance) related topics. I believe this is primarily because most Shareholder Proposals are made to large megacap firms in the S&P 500, and these are the kinds of topics advocated by shareholders of such companies in recent times. However that is not to say that other types of proposals cannot be put forward, such as in relation to business strategy and even a company's stock e.g. the one made above by Mr. Shepard to Donegal Group Incorporated. + +Lastly, note that I checked through all the Proxy Statements of GameStop going back to when it first IPOed. As far as I could tell, there has never been a Shareholder Proposal put forward to be voted on by the larger shareholder body. I also looked through those of several other companies described by some as "meme stocks", and found that to also be the case for those, with some rare exceptions. Where such Shareholder Proposals did make it to a vote, the topics covered were fairly mundane e.g. almost exclusively ESG related. + +&#x200B; + +# 3. Successes and failures of Shareholder Proposals + +The same Columbia Business School blog shared in the previous section - 'The CLS Blue Sky Blog' - also contains valuable data on this topic: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/i8v40074v0l91.png?width=1767&format=png&auto=webp&s=1ec65e76eb92496ce59f58d499a8a6271b1da7c1 + +Hence this year exactly half of the Shareholder Proposals put forward made it to a vote, with an average 30.4% voting in favour. Overall, only 6% of Shareholder Proposals gained majority support, which sounds like a rather low figure. However it should be noted that the vast majority of these proposals are made by retail shareholders of stocks that have very high institutional ownership. For a stock with very high levels of retail ownership, and an unprecedented proportion of that being direct registrants, my conjecture is that positive voting is likely to be higher than the 30.4% average even now... + +Of course in order to make it to a shareholder vote, such proposals need to first pass through the screening carried out by the company. The data on the "no action" requests made to the SEC, meaning asking for the Shareholder Proposal to be excluded from voting, is also interesting to note: + +https://preview.redd.it/eyid7x67v0l91.jpg?width=1768&format=pjpg&auto=webp&s=086a9635b8a9238ab370a2d7ab333f32877d3e75 + +Seemingly companies only seek to have about a third of Shareholder Proposals rejected. This year the SEC then actually agreed in favour of the company's view in only 38% of cases, a sharp decline from 2021. So it appears to me that a firm minded shareholder, who sticks to their guns and does not withdraw their proposal after making the initial submission, actually has a good chance of having their Shareholder Proposal being heard and then voted on by the general body of shareholders. + +&#x200B; + +# 4. Why do companies always recommend voting against Shareholder Proposals? + +[https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits](https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits) + +***"The United States spends about 2.2% of its Gross Domestic Product, roughly $310 billion per year, on litigation."*** + +\- New York Times, 16th November 2020 + +In such a climate, is it any wonder that corporations are naturally wary of making decisions or carrying out actions that can be construed as potentially litigious? Certainly any potential misstep - or even a well thought out business decision that could be seen as controversial - has the potential to quickly result in lawsuits. An example is the just filed Securities Class Action that I reported to the sub over the weekend, against Ryan Cohen and another company he recently had (has?) an interest in: + +*(Note: This post was removed with the reason given being overly related to that other company. If you are interested to learn the details, see my post history.)* + +https://preview.redd.it/im3usrifv0l91.png?width=1768&format=png&auto=webp&s=85da36e12a48c2227a75b47673eb965f739f2d1b + +In section 2, I shared my finding that corporations invariably recommend for Shareholder Proposals to be voted against. I conjecture the reason for this is threefold. The first being that recommending a vote for a proposal could be interpreted as company management not doing their jobs well and coming up with these ideas themselves. However the second reason, I believe, is that recommending a vote for a certain Shareholder Proposal could result in adverse knock-on effects. + +Companies take many months of careful and considered planning for each of the proposals they themselves include in Proxy Statements. The strategies and actions advocated would typically be analysed and re-analysed by an army of lawyers, to determine all the potential blowback and how those could be dealt with. Hence to recommend voting for a Shareholder Proposal would, in most cases, be seen as an unnecessary risk without carrying out similar due diligence. + +The third reason, I believe, is the danger of setting a precedent that a company may then feel they must follow going forward. For example, if advocating in favour of a certain type of Shareholder Proposal, they may then feel pressurised if a similar propoal is put forward in the following years. Therefore however meritorious a certain Shareholder Proposal may be, from a risk management perspective it still makes more sense to revert to the default and recommend a vote against. + +The fourth and final reason I could think of is simply the danger of going against the grain of how Corporate America operates. As the default appears to be for companies to always recommend voting against Shareholder Proposals, to follow a different approach would do more than just raise a few eyebrows. This in combination with the other reasons outlined above means the risks, including those of Securities Class Action Lawsuits, makes it almost impossible for corporations to recommend voting for even the most sensible Shareholder Proposal. + +&#x200B; + +# 5. What would GameStop do, if someone puts forward a Shareholder Proposal that could help trigger MOASS? + +For the reasons explained in the previous section, it is my firm belief that any Shareholder Proposals put forward to GameStop would be met with the same outcome: a recommendation to vote against. Even if a certain proposal is advantageous for the company if enacted, undoubtedly the recommendation would be for a vote against. If that proposal specifically is to help the company shed the shorts, especially for that very reason, the strength of recommendation against would undoubtedly be even louder than usual. That is entirely to be expected, of course, as GameStop showing favour to such a proposal would result in a list of lawsuits as long as Kenny's nose at a Congressional Hearing. + +One need only look at past attempted directed interactions by individual shareholders to GameStop, to see how carefully they are treading. Some of you may remember me publicising at the end of last year the actions carried out by u/jasonwaterfalls96, in his attempts to have GameStop release the vote count from the 2021 Shareholders Meeting. His litigation action of course ultimately failed, following months of GameStop avoiding all attempts of cooperation with the information requested. + +[https://www.reddit.com/r/Superstonk/comments/qoq6c2/could\_ujasonwaterfalls96s\_legal\_action\_against](https://www.reddit.com/r/Superstonk/comments/qoq6c2/could_ujasonwaterfalls96s_legal_action_against)/ + +https://preview.redd.it/p1fpykhrv0l91.jpg?width=1768&format=pjpg&auto=webp&s=6fb0761b229f05e66303d18bdd00f462a49ac40e + +More recently, numerous shareholders have reached out to GameStop's Investor Relations department, regarding the errors by brokers and the DTCC in distributing the stock split in the form of a dividend issuance. As far as I am aware, no-one has received a response to an individual attempt at engagement, despite numerous attempts. The company did of course issue a follow-up announcement clarifying and confirming their original issuer event, however not a response to any individual communication. No doubt prior to them even releasing this, the announcement would have been checked numerous times by GameStop's lawyers, to ensure it was as airtight as possible. And of course, since then...not a peep. + +Why the extreme caution? It is almost as if GameStop does not want to take "picking the low hanging fruit" paths towards MOASS. However, thinking logically and reasonably, that is not a surprise at all and entirely to be expected. The more likely a certain trigger event could cause MOASS, the less likely GameStop would be anywhere near it, for the likelihood of being sued as explained above. The manner in which Ryan Cohen and GameStop has operated since this saga began would suggest that they wil continue taking actions that cannot be construed as in support of MOASS. + +&#x200B; + +**This is a two part DD, and this is PART 1.** + +**For PART 2, please go here:** + +[https://www.reddit.com/r/Superstonk/comments/x29ull/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29ull/how_rule_14a8_and_drsing_more_than_50_of_shares/) +After working my ass off since college, I FIREd from my job in August 2013, at age 48. I then spent the next ~4.5 years fucking around, which is what I always wanted to do my entire life. +I puttered around the house, I gardened, learned guitar, ran a 10k, hiked with my dog 3x/week, went into therapy, got stoned, got massages, and spend a lot of time on PornHub. +On January 1, 2018 I started working again for a startup company. So, it's been one year working there, and I absolutely love it. I mean, I essentially got a 4.5 year vacation. Then I decided to go back to work because I craved the challenge, the stimulation, interaction with intelligent people, etc. But I can tell you that this time it's different. I don't HAVE to work. If the company goes belly-up, I'll still be fine. This freedom alleviates the pressure I used to feel. The worst thing that can happen to me is maybe I get fired, in which case I'll go right back to hiking and playing guitar. Ironically, I've been working harder and producing more than I ever used to. I love it! I want to succeed, but this time, it is just for the sake of succeeding for ME. +https://tcrn.ch/33yjZxh + +Canadian electric truck and bus manufacturer **The Lion Electric Company** said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. + +The combined company, which will be listed on the New York Stock Exchange, will have a **valuation of $1.9 billion**. The companies raised $200 million in private investment in public equity, or PIPE, and hold about $320 million in cash proceeds. + +The deal is the latest example of an electric automaker opting to go public via a special purpose acquisition company merger in an aim to access the level of capital needed to become a high-volume vehicle manufacturer. Arrival, Canoo, Fisker, Lordstown Motors and Nikola Corp. have all announced special purpose acquisition company mergers in 2020. + +In Lion’s case, the combined net cash will be used to fund the company’s growth, notably the planned construction of a U.S.-based factory and to further develop its advanced battery systems. Lion is evaluating more than 10 potential brownfield plant sites in nine states, including California, Illinois, Indiana, Michigan, New York, Ohio, Oregon, Pennsylvania, Washington and Wisconsin. The company told TechCrunch it plans to pick a site and complete its industrialization plan by the end of the year. Production at this yet-to-be named factory is expected to start in the beginning of 2023. + +**Lion is already producing all-electric medium and heavy-duty urban trucks and buses at a 2,500-vehicle-per-year manufacturing facility. Some 300 vehicles are on the road today and the company has plans to deliver 650 trucks and buses in 2021. It even landed a contract with Amazon to supply the e-commerce giant with 10 electric trucks for its “middle mile” operations.** + +Completion of the proposed transaction is expected to occur in the first quarter of 2021. Lion is expected to be listed on the NYSE under the new ticker symbol “LEV.” Lion’s CEO and founder Marc Bedard will continue in his role. The combined company will have a board of directors consisting of nine directors, including Bedard, Pierre Larochelle from Power Sustainable as chairman, and five other existing Lion board members, as well as Ian Robertson and Chris Jarratt, who are co-founders of Algonquin Power & Utilities Corp. +I've just realised I've broken the rules by paying into 2 separate stocks and shares ISAs this tax year (below £20k in total). + +Shall I expect a dawn raid from The Man and will my children grow up not remembering me? Will I have to bribe my way out of trouble? I don't know what the consequences are, or if it's even worth worrying about. +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) +Hiiii Apey frens!!! + +I um... I found a thingy. It's speculation based on data, and probably crazy but pretty mind blowing if true. + +TL;DR upfront: + +They have been hiding GME's volume, dividing it by 10 this whole time. That's why we have record low volumes constantly. The volume isn't dry, it's shy. + +\------------------------------------------------ + +With the TL;DR out of the way, let me tell you what lead me to even do the calculation.. + +While looking at historical options data, I found something. + +I noticed a pattern starting January 8th. + +On January 8th the open interest combined for all contracts was 50,614. + +3 days later, trading volume shoots up to 144,501,700 shares. + +The pattern I noticed is that open interest / volume 3 days later on a price spike is usually *roughly* the same. + +Here's some cool tables: + +&#x200B; + +|January 8th|January 22nd|February 19th| +|:-|:-|:-| +|Calls: 36410|Calls: 116947|Calls: 131887| +|Puts: 14204|Puts: 113099|Puts: 412346| +|Combined: 50614|Combined: 230046|Combined: 544233| +|Volume 3 days later: 144,501,700|Volume 3 days later: 93,396,700|Volume 4 days later: 150,308,800| +|OE / V: 28.549749|OE / V: 1.7161160752839317|OE / V: 2.7618464885444287| + +&#x200B; + +&#x200B; + +| March 5th |October 29th| +|:-|:-| +|Calls: 145252 |Calls: 37497| +|Puts: 151392 |Puts: 12345| +|Combined: 296644 |Combined: 49842| +|Volume 3 days later: 71570600 |Volume 3 days later: 11,258,900| +|OE / V: 2.412676474157576 |OE / V: 2.258918| + +*Disclaimer: It takes me so long to gather this data in this format. Like an hour per date because of the way the API I'm using is set up. If anyone has a faster way to check, by all means check and post validation in the comments or debunk it. But because it happens multiple times, I'm gonna just assume it's roughly the same for the rest because it's not ALL that important, it's just the thing that got me thinking.* + +Look at OE / V. That's the combined Open Interest divided by the volume of the jump 3 to 4 days later. + +WHY I decided to do that calculation? Idk I was just dividing shit trying to find patterns lmao This seems like one so I ran with it. + +Jan 13th it's 28.5. It's on average 2 to 2.5 after that. + +Since February, GME has not hit 100M+ volume once. But yet it's had roughly the same OE / V and roughly the same sort of price increases. Swaps and shit causing big jumps. BUT the volume has been consistently low compared to January. + +This stuck out as strange to me. It made no sense. + +100-150 million volume was normal for a jump before March. Then it just kept acting weird. + +The thing that really made me wonder was... How the fuck was GME the most trending stock on Nov 3rd, a magnificent run from 214 to 255, but yet only 11 million volume? + +I mean it could just be volume is dry as fuck but... idk.. + +And so I looked more closely at Jan 8th. The only time OE / V was massive. 28.5. + +28.5 compared to the 2.5 average is weird. + +Then it hit me.. What if the volume this entire time starting after Jan 8th has been divided by 10? + +If you do that, the OE / V lines up closely with Jan 8th's 28.5 number. 1.7 turns to 17. 2.76 turns to 27.6 etc etc, recently 2.25 turns to 22.5. Idk? It looks like it matches. + +And if you do that, 11.25M volume looks relatively like a normal jump. 112.58M. + +It's just speculation but it really kinda puts things in perspective considering the massive amounts of naked shorts flying around. + +That's when I remembered Citadel saying 7.4B and I went to read specifically what they said which was: + +**"On January 27th, numerous retail brokerage firms imposed restrictions on the trading of certain “meme stocks” due to capital constraints, liquidity concerns and other commercial reasons. "** + +**"Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities. On January 27th, we executed an astonishing 7.4 billion shares on behalf of retail investors. "** + +List of stonkies restricted: + +https://preview.redd.it/e5sky2ztfox71.png?width=207&format=png&auto=webp&s=bc5729b97f6dc80ab5355498477f823147561487 + +And so Citadel says: + +**"During this volatile period, Citadel Securities was the ONLY major market maker that executed buy and sell orders for individual investors without limitations. "** + +To me, what they're saying is there were a bunch of stocks restricted. And **of those stocks restricted**, they executed buy and sell orders without limitations. And the total number of executed shares was **7.4B.** + +They could probably lawyer their way out of it, but that's what they're implying. + +But I said to myself **"Self... That means if you add up the volume of all of them, it should be around 7.4B. And if my theory is correct, it's gonna come up short. And I'm willing to bet if I 10x GME's volume it'll match."**. + +Dead ass I said this to myself right before I set off to calculate the total. My heart pounding wondering if I was right. Or probably because I've been up for too long and need sleep, who knows lmao + +But as I kept adding up the shares, it was inching closer. 1B, 3B, 5B.. At this point I'm like well maybe I'm wrong.. It'll probably add up to 7.4B. Oh wel- + +**NOPE!** + +**6,671,542,157** shares. + +**"Holy shit.."** I said. + +7.4B - 6,671,542,157 = **728,457,843 missing shares**. DOES NOT COMPUTE. Citadel lieeeeees. + +At this point I was like no fucking way... + +So I took out GME's number from the calculation. + +GME's volume on Jan 27th was 93,396,700. + +&#x200B; + +6,671,542,157 **-** 93,396,700 = 6,578,145,457 + +&#x200B; + +93,396,700 x 10 = **933,967,000** + +6,578,145,457 + 933,967,000 **= 7,512,112,457** + +https://preview.redd.it/prxpkoxqfox71.jpg?width=1134&format=pjpg&auto=webp&s=bd4d21999f28fb086d79be347175d5785d1de6db + +&#x200B; + +Could it be true? What the actual fuck? + +It can't be dark pool because on just **one** of the stonkies alone the volume was over 1B on the dark pool. + +It makes no sense, they wouldn't execute 6.6B shares on lit exchanges and somehow need to make up 728M on dark pool. It's a small percentage and they're basically bragging about their limitless naked shorting capabilities on lit exchanges so 728M is nothing for them \*SUPPOSEDLY\* + +The fact that A. I suspected this actual thing *(10x GME's volume to get to \~7.4B)* would happen and B. This actual thing fucking happened.... leads me to conclude the volume since January 8th has been divided somehow by 10. Everything just lines up too perfectly if you add that factor in. + +&#x200B; + +Maybe I'm wrong. Maybe there's another explanation. Maybe it's a glitch. Maybe they meant all of retail instead of just the "such stocks" they mentioned right before they said 7.4B. + +Who knows. But it suuuuuure is a weeeeeeird coincidence that when you 10x GME's volume it's basically what they said they executed. + +If I'm wrong, plz don't crucify me LOL I took time to write this and if the pattern holds with me writing DD, this at the very least will spark someone's creative juices and something good will come of it. + +Speculation as to why? If this is true? Well for one, 100M volume + huge run ups = FOMO. + +So.. they would not want FOMO which would add more volume they can't handle like in January. + +And 2. Let's say randomly 2B shares pop up on volume.. That would be kinda like... yeah naked shorts obviously. And SEC wouldn't be able to pretend they don't know what's going on. + +I mean the only way this would be possible is if there was some sort of huge collusion between all the large players so they don't lose all their wealth. And idk that seems ridiculous and conspiracy/tin foil right? ....Right?..... + +There definitely is motive to do it, if they have the ability. Which they probably do. Simple calculation. Divide by 10 and lie. + +Anyway I got to get some sleep, hope you guys are doing well. No matter the case, GME is MOASS and blablabla HODL!! +currently, I know only of ppfas flexi cap that does so that too with low exposure. ~9% to alphabet, ~8% to ms corp,~6% to fb, and less than 5% to amzn + +I'd like to expose myself to more fund that invest in alibaba, tsla, and the likes of those + +also, if someone can help me on how to do my own research in finding the mf I welcome those as well +Synopsis:- + +Data show that more often than not, swinging against the tide might yield subpar returns. Historical returns on the momentum Index have generally exceeded those of the broader markets. + +https://m.economictimes.com/markets/stocks/news/nifty-200-momentum-beats-nifty-strategy-indices-on-returns-chart/articleshow/82076231.cms + +(Asking for a friend). He makes $90,000, no taxes working 100% in a third world country. 27M, bachelors in finance/analytics. + +Current total expenses are 16% of total income. No debt. Does it make sense for such a person to move countries and head to US/Canada. Would he get a better life (other than obvious benefits) in terms of money. + +For example would someone working in financial modelling, venture cap, investment in USA/Canada get 2x-3x more than $90k USD? + +Edit: since some of you asked, think natural calamities, political turmoil, economic challenges, inflation, bad infrastructure and crime. But no bombings etc. +Trey Trades just got quoted out of context in a headline about AMC. + +It doesn’t matter what you think of him, or AMC, we have to watch what CNBC did to him and learn. + +The media aren’t our friends! Not most of them anyway. + +Mods, please freeze out any requests for appearances, comments, or anything else from media sources that are clearly against us. + +Freeze them out just like RC is freezing them out. +I'm 25 this year. I live at home, earn $70k/year, stick to a budget within my means, don't own a car and have recently inherited $10k from my grandmother (very blessed). I grew up with no financial literacy (my parents didn't teach me much, other than to learn from their mistakes I'm afraid) - so in 2022 one of my goals is to build a healthy financial base for myself however I'm not sure where to start. Move out of home? Buy a car? Invest it all? + +I've begun by looking into index funds, changing to a higher performing super, micro-investing... I'm learning a lot but also feel very lost! This is the largest sum of money I've seen, and the highest paying job I've had - I want to make sure I make the right choices here. + +Say you were 25 again; I'm curious to see what some older (and I assume financially wiser!) Australians would do/change if they had their time over? + +**EDIT: Wow! Thank you everyone. Something I should've mentioned, I have been contributing an extra 6% into my super since the day I started working. Best decision I have ever made as I am way ahead of the curve as a result.** + +**EDIT #2: Thank you SO much everyone! All of your posts are so thoughtful, colourful and well articulated. I've enjoyed reading all of them. I still have a long ways to go, but certainly will be working to max out my super contributions, invest in an index fund and figure out of a frugal life balance for myself whilst I'm still young. Again, thank you thank you - it's nice to feel like I have the support of like 100+ strangers LOL.** +A few weeks ago, I was having a discussion with my sister on the merits of buying a new car for $17000 vs a 2 year old car for $14000. + +Her argument was "it's only $3000 more for a new car." + +My argument was that $3000 was **200 hours** of work (equivalent to **FIVE weeks**) for her at $15/hour. + +Personally I just feel like it helps me a lot whenever I'm making a purchase of anything... in my mind I'm always thinking "well, I have to work 1.5 hours to pay for that" and it typically makes me less likely to purchase it. Seems like it's a pretty efficient way to save money and increase savings. Thoughts? +Edit: I’m going to advise my aunt to talk to a professional. As many people said, this is a bit too prickly to handle any other way. + +My aunt recently asked me to look into a financial strategy that her son stated would help mitigate taxes on her 401(k). She is gearing up to retire in the next year or so and wants to ensure she is mitigating her tax liability properly. Her son claimed that a financial adviser told him that she could gift out of her 401(k) to spouses or children up to a certain value either without a taxable event or at a lower tax rate. My aunt asked me to investigate as I have a BBA (accounting) and she thinks this doesn't pass the smell test, but I am not a tax professional and could use some guidance. + +I suspect this is bad advice and told my aunt that this seems incorrect already, but I would dig into it further. The only thing I ever found regarding gifting is that you don't need to report a single gift transaction to the IRS unless it's over $15K or something to that effect, but would still count towards your lifetime gift allowance (which shouldn't matter in this scenario). Taxes would still incurred when the money is taken, whether she gifted the 401(k) and the son then takes the money or she withdraws the money herself. Unless there are some financial gymnastics that I am unaware of, I cannot find anything close resembling the scenario presented to my aunt. + +The above also doesn't address my other concern regarding gifting to my cousin. Any transfer of control is sketchy in my book and could really hurt my aunt. I don't think this was presented to my aunt maliciously, but does reek of poor and/or unethical financial advice. + +My plan is to report what my research has shown so far, anything I learn from this post that I may be missing, and have my aunt speak to a tax professional. + +TL;DR: My aunt was given a suspect tax strategy and I'm saying the taxman always gets his cut. Am I missing anything? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’m in my mid 30’s, gross 145k, net 75k. Married but my wife has an erratic income, net 30k now, possibly 15k to 0 in the future. We’re in a high tax area and I’m forced to pay a lot into benefits because of forced retirement. We’ve been living frugally and saving up for a cross country move for several years now and have managed to get 175k together. Work dictated our move, so unfortunately the timing with the housing market wasn’t great. To spare too many details, we bought something pretty quickly without getting a great feel for the market. Found a house in a great neighborhood, fairly renovated, had everything we wanted except it was way at the top of our budget. But we needed a place to live, so we put in an aggressive offer and got it. 4br 2ba 2200 sq ft, list 400k, appraised 410k, paid 420k. We put down over 100k. + +This all seemed fine to us considering the state of the housing market, we can afford it ok, and we figure if we’re feeling squeezed in a few years we can sell and downgrade, that is until some details of our new reality started coming out. + +First of all, big property tax increase coming next next year. I accounted for an increase but not to this degree, from 6k per year to over 10k. My monthly payment will be about 2200, and at my stable income of 6200, this does not feel like it’s leaving much to live on or save with. Especially considering everything is getting more expensive, we’ll need to buy a car soon, maybe my wife is deciding now she may want to have kids, and onto the next issue… + +The house is old, which we were of course aware of, but we’ve already had issues that weren’t made apparent by the inspection, namely old electrical. It isn’t something that needs to be replaced now, but as it ages it’s likely to cost us 20k at some point whether we repair it ourselves or knock it off a sale price. Additionally, the water heater, garage roof, roof, and hvac are all probably halfway or more through their life. I think realistically we could be spending 75-100k in maintenance alone if we stay in the house for 5-10 years. + +None of this felt like a death sentence until I really started digging into the market in this city. I’ve been keeping an eye on houses since we bought and every day it becomes more apparent how badly we overpaid. Our location is fantastic and walkable, plus the school district is the best in the area, but otherwise, 400k gets you a lot more in other areas. Our house is not laid out practically, there’s no bathroom or closet on the first floor, the basement has areas where you can hit your head, the bedrooms are small and the closets are tiny, no master bath. It works fine for a child free couple but it makes no sense for anyone else. I must add also, this was a really cheap city to live in just 2 years ago. It is a far cry from anything like Chicago or New York or California. 420k is a ton of money here. It is still easy to find nice houses in the suburbs for 325k or less. Essentially we paid for location and bad market timing. + +I feel like I’m totally trapped now. If we stay in the house, we’re only saving money while nothing is going wrong. It’s only a matter of time something big happens and my wife’s income dries up, and there goes all of our savings. I think if we sold this house right now we’d be lucky to get more than 350k considering what’s been selling lately. So I’d be losing all or more of my 100k down payment. If we were to rent anything other than an apartment, we’d only be saving maybe 100-200/mo plus whatever we’re spared in maintenance. If we go look for another much cheaper house to buy, we’ll have very little for a down payment, so the payment difference between that and our current house wouldn’t be all that much, could take 10+ years to get past break even. + +I don’t know what to do at this point. I’ve completely set myself up for failure and I’m not seeing any way out. I need some wisdom and advice +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! + +Obviously I know we all are zen and nobody will fall for it but we should still prepare for it. It’s interesting how the prophecy is happening more and more. MSM is starting to talking about a impending short squeeze. We will likely see a 100% increase and they will claim that was the short squeeze. Don’t fall for it. +I'm about to hit you all with some knowledge, so get your big kid pants on! You should read these books in the order they are listed, because they stack up on top of each other and the lessons learned in one are needed to understand the lessons in the next. + +*Disclaimer: I am not a financial advisor or registered securities analyst.* + +*Another disclaimer: If you do not know what exactly a stock is, how to buy or sell a stock or what dividends and earnings are, please look up some crash courses on YouTube or something before starting this list.* + +**Let's begin:** + +1. **The Little Book of Common Sense Investing by John Bogle** \- For those of you who don't know, John Bogle is one of the most important people to ever walk this planet when it comes to stocks and investing for the average person. He founded a little company called Vanguard (ever heard of it?) and he also invented the first index fund. In this book, Bogle gives us a primer on the classical approach to passive, conservative and long-haul investing. He goes into the statistics on how around 90% of mutual funds and most people can not beat the market. He makes it clear and simple that if you want to benefit from stock yields over time, you should deploy your money into index funds and sit back while earnings and dividends carry you to wealth. Many people (probably most people to be honest) can stop here and honestly do perfectly fine. The info in this book is all you need to build serious wealth. You will also understand the theory that picking individual stocks is usually a *losers game*. One of the reasons I believe you should read this book first is because the lessons you learn inside of it may show you that the rest of the books on this list may not even be worth reading! If you aren't content with boring old index fund investing though, you can read on.. +2. **One Up On Wall Street by Peter Lynch** \- This book is dated but the principles written in its pages ring true to this day. Peter Lynch is considered one of the most successful mutual fund managers of all time. He achieved returns that beat the S&P 500 for over a decade straight for his investors in the Fidelity Magellan Fund in the 70's and 80's. Yes I know I said most people can't beat the market by picking stocks, which is why those who can do it consistently are very special. In this book he teaches you about the tools and strategies he used to achieve those results. It's a great book because it doesn't get too crazy in terms of math and logic, and it's easy to understand. +3. **Thinking, Fast and Slow by Daniel Kahneman -** Now it's time to take a break and get into the *psychology* behind stock investing. Let's be honest, we're all pretty stupid and we all have internal biases. These two facts can be serious roadblocks to investing success. The sooner you admit that the better off you'll be. This book will help you understand how to separate your irrational mind from your rational mind when investing and it will make you better at objective decision making. + +&#x200B; + +\-- + +Ok, now at this point you have two paths you can take. After these three books you'll have a good grasp on the *theory* and *mindset* to making money in stocks, but you will be lacking the knowledge to actually ***pick individual stocks***. I mean how are you supposed to do that? Just buy whatever is trending on Reddit or what that idiot Jim Cramer on CNBC is talking about? Well as long as you still understand (from book #1) that the odds are against you when picking stocks, you can continue on one of two paths: + +**- The Value Investing Path** (Finding, analyzing and buying stocks that are "undervalued" and waiting for them to rise back to their fair market value, thus making a ton of money. This is what Warren Buffett does. It's also extremely difficult, boring and requires *rock-solid* emotional stability to ignore the ups and downs of the market.) + +\-OR- + +**- The Traders Path** (Following market trends and sentiment to find opportunities that can make you money. I personally would not consider this path to be an "investors" path. This is a "speculators" path, and they are very different. However, you can make money speculating. This could involve shorting stocks or doing a bit of technical analysis, or maybe even playing with some derivatives like options. This path is also extremely difficult and will cause most people to lose *hours* of sleep each night sweating as they panic about their positions) + +\-- + +&#x200B; + +If you chose **The Value Investing Path**, continue here: + +1. **All of the accounting books you can find** \- You NEED to understand the fundamentals of accounting in order to value businesses. There is no getting around it. Yes, it's boring but if you find yourself enjoying it, you may have an inclination for this. Read everything you can on accounting. Learn to read balance sheets, income statements and cash flow statements. Learn about assets and liabilities. Do the practice assignments in the books and all of that! +2. **The Intelligent Investor by Benjamin Graham -** This is probably the most famous book on this list, and guess what, you're not going to understand ANY of it. This is the book that Warren Buffett swears by. In fact, Buffett studied with the author of this book when he was a lad. This book is the bible of value investing. Every successful investor knows this book. Within its pages you will learn about what to look for in the stock market, how to understand market behavior, what a good business looks like, how to find the *intrinsic value* of a company, and much much more. I recommend reading this book at least twice and researching everything inside it that you don't understand. +3. **Margin of Safety by Seth Klarman -** Physical copies of this book are extremely expensive, so you're better off finding an online copy (shh don't tell). It's a bit more modern than the title above and it was written by a very successful value investor! +4. **The Dhando Investor by Mohnish Pabrai** **-** Fantastic value investing book that offers some fresh ideas and new things to think about that are built on top of the previous books. Also written by a very successful investor. + +&#x200B; + +&#x200B; + +If you chose **The Traders Path**, continue here: + +1. **Reminiscences of a Stock Operator by Edwin Lefèvre** \- A classic that most traders are told to read at some point in their lives. It teaches so many valuable lessons of reflecting on your wins/losses, psychology of trading, knowing yourself and your weaknesses and more fun stuff. It's an old book but definitely worth reading. +2. **Getting Started in Technical Analysis by Jack Schwager** \- If you don't know, technical analysis (TA) is the process of finding opportunity by analyzing the market indicators such as price, volume and trends. It ignores company fundamentals and is often seen as a type of voodoo that you either believe in or you don't. I personally am not a fan, however I do recognize the importance TA plays in understanding some stocks at certain times. I do believe that in combination with other metrics, TA can provide valuable insight. This book will teach you the basics. +3. **Fooled by Randomness by Nassim Nicholas Taleb -** It is not possible to predict the stock market. This book will help you reconcile with that. It will help with understanding how randomness and a bit of luck ties into not only your trading, but your whole life. You will learn about risks and the consequences of taking them. +4. **Market Wizards by Jack Schwager** \- Another great book by the same author as #2 above. This is written in a sort of conversation-like format where the author interviews some of the most successfully traders of the time. There is tons of information in this book on all of the topics we've discussed since it's like you're reading a conversation between two people. + +I hope this post will help some of you. + +**Honorable mentions:** + +\- The Snowball - Alice Schroeder + +\- Security Analysis - Benjamin Graham and David Dodd + +\- A Random Walk Down Wall Street - Burton Malkiel + +\- The Alchemy of Finance - George Soros + +\- The Big Short - Michael Lewis + +\- Common Stocks and Uncommon Profits - Philip Fisher + +\- Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald +Link: https://timesofindia.indiatimes.com/business/india-business/government-approves-rs-25000-crore-alternate-fund-for-stalled-housing-projects-nirmala-sitharaman/articleshow/71942562.cms + +NEW DELHI: The government on Wednesday approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects, including ones that have been declared bad loans or admitted for insolvency proceedings, as it looks to boost growth by steering consumption in real estate and associated sectors. + +Continuing with measures that Nirmala Sitharaman began announcing within a month of Parliament approving her maiden Budget, she said that the alternative investment fund (AIF) will comprise Rs 10,000 crore coming from the government and the remaining being provided by state insurer LIC and the country's largest lender State Bank of India (SBI). + +The AIF, which was first announced by Sitharaman on September 14, will act as a 'special window' to provide loans to over 1,600 incomplete affordable and middle-lower income housing projects. + +In all, 4.58 lakh housing units are being targeted to be completed with a view to generate employment as well as revive demand of cement, iron and steel industries. + +Sitharaman said the scheme, approved by the Union Cabinet headed by Prime Minister Narendra Modi, is a modified version of the September 14 plan. + +The key change is allowing the AIF to fund projects that lenders may have declared as non-performing assets (NPAs) or which have been dragged to the National Company Law Tribunal (NCLT) for insolvency proceedings. + +She, however, said only RERA-registered projects with positive networth will be provided funds. + +The AIF funds will be released in stages through an escrow account and will be contingent upon completion of the approved phase, she said, adding the size of the fund may be increased with the participation of sovereign and pension funds. + +The fund will be managed by SBI Caps. + +Sitharaman said the government is seized of the problem faced by homebuyers who are forced to pay EMIs on loans taken for buying homes but have not yet got possession and continue to shell out both loan installments and rent. + +Meanwhile, real estate developers' association CREDAI welcomed the move saying, it will solve the long-pending problem of homebuyers. + +"It's a very welcome change from the initial announcement (of September 14). Now the only criteria for eligibility is networth positive projects... this will ensure that the fund is actually deployed to complete incomplete projects which are even NPA or also in NCLT. + +"We are certain that a majority of stuck homebuyers will benefit from the announcement of a Rs 25,000 crore stress fund which is going to be increased in value if needed," CREDAI chairman Jaxay Shah said. + +Quick deployment of money and efficient decision making for qualification of projects will solve the long pending problems of homebuyers, he said. + +Property brokerage firm Anarock's chairman Anuj Puri said the move will bring huge relief to stuck homebuyers and boost sentiment in the sector which is facing a demand slowdown +https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/ + +The OP is pretty subtle in how he establishes a neutral stance, then subtly concern trolls ETH, and then he pretends that ETC is the real Ethereum. (note: he deleted the controversial part, but his hand has been shown). Somewhere in his replies to me, he even promoted Barry Shilbert's material... let me find it: + +https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/dhdkqi5/ + +Is that what you call fucking neutral??? + +Finally: there are ETC trolls going around spreading fake links specifically this: https://np.reddit.com/r/investing/comments/6acolz/cryptocurrencies_and_the_circle_of_competence/dhfw3qd/ + +There are a lot of bad actors out there trying to bring ETH down, most of them from the maximalists from the other two coins taking advantage of naive investors. Watch out. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I saw an article on the BBC about a 20 year old welsh currency trader claiming to make £200,000. + +Treating any forex claims with a “pinch” of skepticism, I decided to look them up. Their website has broken links and claims 5* review on TrustPilot when they have precisely 0 reviews. Their Twitter has 100 followers, Facebook links to their web designers and their Instagram looks down. Do BBC not even do their due diligence anymore? + +The whole thing reeks of a scam but then how are these fake influencers able to project outwardly wealthy appearances? e.g. fast cars, luxuries etc +So I know absolutely nothing about investing - other than that I need to start doing it. I am 24 and have some money sitting in my savings account, I've also opened up a TFSA but have not used it, I know that I should be investing it but I just don't know where to start/don't know the first thing about investing. + +Where do I start? Any help would be appreciated! +Here is the story he told me. Plenty of red flags but I’m interested if anyone has any experience with a similar situation. + +So essentially a few months ago my friend purchased a 5 year anti virus/computer protection service from a company called “Yale Vision”. I googled around and can not seem to find this company first of all. My friend goes ahead and pays $400 (wtf who pays $400 for antivirus??) for 5 years of service. + +Fast forward to yesterday, few months after purchase, someone supposedly from the company calls my friend and explains that they are going out of business and he is owed a refund. So after a long drawn out process, the rep transfers the refund to my friends bank account. He was supposed to get $400 and he realizes the rep sent him $4000. + +So my friend goes “Hey man you sent me 4000 not 400”. Cue the rep freaking out, getting management on the line, freaking out. They go on to ask him to go to the nearest Walmart and transfer them the money right now to avoid any delays because they need their money back. + +My friend, thinking he just hit community chest in monopoly, essentially tells them to kick rocks and hangs up. They call back, he doesn’t answer and goes on to block them. + +He is pretty convinced that it was some sort of error on their part and this money is his now. + +To me, this sounds like one of the fake check scams where you end up over drawing your account and getting robbed but I don’t know. + +Did my friend just make a $4000 come up or is he as gullible as I think he is? If the company did make a mistake, can he legally keep the money? Is he going to be taken to court if the firm did make an error like that? + + +**EDIT: Did not expect this to blow up the way it did. I told him from the jump this is a major scam and I really appreciate everyone bringing to light some of the potential threats I did not consider. + +I made this post for my friend to see to hopefully convince him to take action. I believe it has to an extent, he will be going to his bank today. I will keep the post updated. +Spent 8 months chasing a refund cheque for £300 and finally got a cheque through after what feels like months of phone calls for £3000…. The evil part of me wants to cash it and then when they notice say “you should hear within 6 weeks”…. Do I phone them now and get a new cheque or do I cash it, keep the £300 and return the rest when they ask? +Brand new to the sub. Not fat and nowhere near FIRE yet, so hopefully this is still appropriate. + +Some background: wife and I are both physicians so have only just recently started earning. Both mid-30s, current gross household income $900k/year, should increase to $1.1-1.3M/year in next 3-5 years. Current NW ~$1M. Student loans paid off. Modest mortgage in a HCOL area. + +Given our late start, RE in our 30s or 40s seems out of reach, which I can accept. I like my job. Any late starters successfully fatFIREd by 50? Should I be looking at chubbyFIRE? Not necessarily asking for specific wealth-building advice but really just curious to see if anyone with a similar timeline has pulled this off. + +Thanks! +We go once a year for a few weeks, and I'd like to go more often. I think we would if we had a place there. The biggest drawback is that as an American I can only be in the Schengen zone 90 days at a time. + +Those of you who have vacation homes like this, what are the drawbacks? + +Do you regret having made such a purchase? + +Thanks! +Just a note to those out there seeking to sell their vehicles. + +I recently sold my car and wanted to offer the following insight with online car market sites. + + +Do not bother with carsales.com, they will extort you with an exorbitant fee to put your car up for sale. Very few enquiries came through their site. + + +I had far more traffic through Facebook market place and gumtree. + + +Just thought I would share my experience and save others some $$$. YMMV of course. +This is INSANE news, guys. Ben Mezrich, one of the most entertaining and decorated authors of the last decade has officially submitted a book proposal for the story of WSB doing what WSB does best: Fucking shit up, and taking $GME to fucking Mars and beyond! It's already been claimed by monster media conglomerate MGM, meaning this will be a BIG-TIME hollywood movie & book! + +If this isn't an adrenaline shot of motivation to give Ben one hell of a story to tell, I don't know what is! + +DIAMOND HANDS MOTHERFUCKERS, WE'RE OFFICIALLY IN SCENE 1 OF A MOVIE RIGHT NOW. + +TIME TO BLOW THE TOP OFF OF THIS SHIT. TELL YOUR FRIENDS, BUY EVERY DIP, $69,420 SELL ORDERS ONLY. (not financial advice) + +🚀💎🙌 💎🙌 💎🙌 💎🙌 🚀 + +[Ben's announcement tweet](https://twitter.com/benmezrich/status/1356042246580273161?s=20) + +[Full story](https://deadline.com/2021/01/mgm-ben-mezrichs-the-antisocial-network-wall-street-1234684378/) +We've seen obvious manipulation of GME for months. + +Buy pressure is insane and the price has been flailing wildly. GME was the most traded stock in Australia yesterday. More than any other security. + +Don't let them use the ticker to play with your emotions. When that's true for the price going down and users on this subreddit all write "the price is fake" (which it obviously is), it may just as well be the case on the way back up. I see posts here congratulating apes on what "they did" or "achieved" - and that gets people emotionally invested in positive price action. + +I think it would be wise to be wary that shorts could deliberately let the price run up, and that this may be a vector for sowing doubt in the long run. + +___ + +As I see it, the ticker is only the current price of a share. Its movement is independent of buy pressure or sell pressure - we've seen this demonstrated and theorized in more DD than I can count. + +It's just what it'll cost me to get another share. + +____ + +Retail knows the mother of all short squeezes is practically inevitable. SHF are in debt and *must* close the position sooner or later. + +I want to be holding as many shares as I can afford when it happens - and it's logical that the more shares are sold short (the higher the SI%), the more vulnerable the shorts are to a number of catalysts - dividends, splits, price spikes, regulation, liquidity tests, you name it. This is developing in the right direction for retail... I'll continue to buy and hold. + +**But until we do see a real catalyst - the ticker and price movement of GME is largely irrelevant.** + +Paper losses don't mean anything if I'm not gonna' sell. But neither do paper gains. + +I don't need the ticker to jack my tits. In fact, I want to strive for a complete disconnect between the jacking of aforementioned tits, and the ticker. They come pre-jacked from having read the Due Diligence and knowing shorts are fucked. + +(this is not financial advice) +I'm 26, on my way to Fatfire by early 40s. I have spent last 4 years working 65-70 hours each week. And then handling my personal life admin tasks 5-6 hours a week. (grocery shopping, bill payments, doctor visits, etc) + +Recently, a friend of family (who was my inspiration for fatfire) died suddenly at a young age. This was shocking and a huge blow. It also made me wonder about actually living my life. As this woman was on path to get fatfire by late 50's (started late) and had kept her entire life on hold to live after her retirement. + +Once I started looking at life from this perspective, I found following problems- + +1. At the moment, I have not life out of my work. +2. I have no friends, no hobbies. ( the few friends I had are estranged now due to lifestyle differences) +3. I'm greatly out of shape. +4. I have made no progress towards finding a partner. (which is an important goal for me.) + +My solution to this was hiring a PA for part time (4 hours each day) . (which is slightly out of my price range, but I can adjust that at the moment) I'm looking for candidates now and will find one by end of Month. + +Problem is a- I don't think I have enough tasks to give her.. because I'm not sure what exactly should be done to have a life now while also striving for my fatfire.... + +Any advice about how you have achieved this is greatly appreciated. +I'm currently on 110k a year & when I look at what I can afford in Sydney it's basically a studio in a semi decent location for around 550k to 600k. The Melbourne equivalent can be had for about 250k. I just don't think a studio in Sydney is worth the equivalent of 10 years of intense saving, and I am not the most responsible person out there - I hate full time work, and at any time am only a few bad weeks away from quitting. I work in IT so if I moved to Melbourne I could get a job with similar pay. I need to keep my current job for the next 2 years & within that time I could save a 50% deposit. I think Sydney is the best city in Australia, but I want to be free more than anything else - should I look to move? +Visiting Vegas for a conference next week and spending a good bit of extra/free time with partner (no kids). Haven’t been to Vegas in probably 10 years but looking for fatfire ideas for things to do that are a bit higher end. + +We aren’t big gamblers and typically like higher end vacations that are a bit more exclusive. E.g. boutique hotels vs megaresorts. So looking for things where we can avoid the masses/tourist traps a bit. + +We are staying at the cosmopolitan, for better or worse, just what was arranged. But what things are must do items if we’re willing to spend the money? I wouldn’t say money is no option but willing to spend. + +Great spa experiences, any must see shows, helicopter tours, Race cars etc. whatever you’ve got. + +Sorry if this isn’t totally on topic but I figure this group knows how to approach Vegas much better than myself! +I see a lot of posts here from people with high earnings and savings, almost unbelievable posts perhaps. This one is a little more modest and geared towards lower/median earners, our joint income is circa 40k+ote. + +Edit. My partner works part time due to ill health the income split is near to 80/20. Thanks for all the positive feedback :) + +For people in the same or less fortunate position. You're not alone, there's lots of good and well intentioned advice here but I felt maybe just writing about my experience and what goals I set for myself might help encourage those who wish to go on a similar journey my 20s were spent living paycheck to pay check and honestly it's no way to live. + +Long before the cost of living squeeze came in I decided that I was sick of the amount it was costing us to live every month and began taking steps to drive down my committed and optional monthly spending. + +Sky TV +TV licence gone +Amazon prime gone +Mobile phone bills are reduced by 50% for myself and my partner, could have gone SIM only but old phones were struggling with battery life and cracked screen etc. Used work discount to get a further 20% off the new contract prices. +Fixed our energy costs for 2 years last September so thankfully we aren't being affected by that right now. + +Netflix/Spotify/Xbox were the only subscriptions we kept. + +Both of us working from home meant cutting back on lunch expenses and coffee etc it all adds up. + +Did a month trialling buying the cheapest versions of the food and ingredients we liked to see what we could cut back on and each week worked our way up. (An entire trolley of own brand products first in the first week some of which were abysmal some of which were great) replacing the things we didn't like with the next expensive brand until we found quality we were happy with. Same with toiletries, loo roll etc (ouch for the first week, was like sand paper. Nicky brand from home bargains though, better than some of the main brand and half the price for twice the volume!) + +With all of the savings we made we then began to roll that into paying off our car finance nearly 3 years early (saving more in interest than I would have earned by putting it in savings). + +Now looking to redistribute the new surplus cash into an easily accessible pot to pay forward for example, we purchased a new washing machine and expect it to last 5 years, expecting the replacement to cost £300 meaning if we put £5 per month to this "pot" with the sole purpose of replacing it we then won't have to rely on taking from our savings or having to use credit to fund this "unexpected expense" + +At the start of this journey used a debt management budget planner from stepchange as it has things on there that you will absolutely overlook when trying to work out expenses on your own like going to the dentist. It's worth having a look at their templates to give you guidance. + +Anyway if you managed to get through all of this waffle, well done and thanks for reading! +Trying to remember a term and I can't think of it for the life of me. + +I am not thinking of the statement "trickle down economics does not work", as trickle down economics is more aligned with fiscal policy. + +The financial/economic term I am thinking of has more to do with monetary policy. The idea being that as the Fed prints money, that money creates more value at the top when it is first put into the system and is progressively less valuable as it makes it way down. + + +Any help? +Hi Fam... + +I figured a genius way to crash the housing market in certain pockets and purposely push house prices lower and lower... + +So we are all aware of shorting stocks right ? ? + +So hear me out, this is the probably the best way to short the housing market + banks. + +This will only work if your a ***Billionaire*** potentially if you have ***Billions*** of cash sitting around. + +***Step 0:*** +Put's $5B each on CBA, WBC, ANZ, NAB, MCQ, AMP, BOQ, BEN, Total $40 Billion on Puts. + +***Step 1:*** +Acquire $15 Billion Dollars. +$10 Billion Dollars will allow me to purchase 10000 x $1M homes. The other $5B will come into play later. + +***Step 2:*** +Start a Realestate Business with your family, but you have no affiliation to the business what so ever. + +***Step 3:*** +Give your $5B to a family member for acquiring properties. + +***Step 4:*** +Start listing your $1M houses at a ridiculous price of $500K while the next door's neighbour house was recently sold for $1M. + +***Step 5:*** +Listing will go through your families Realestate Business, but the deal was already done prior to the listing. All the listing will be public so it's legitimate. + +***Step 6:*** +Everyone in your suburb is in shocked and belief that Armageddon is here. + +***Step 7:*** +Acquire more properties and short it to $250K each, meaning a $1M house has just lost 75% of it's value... + +***Step 8:*** +If any one in your area dares to sell a house above your short price, you sell more houses at a cheaper cost i.e 25% less and so on while acquiring their house. + +***Step 9:*** +Now you control the housing market at the same time your put's will sky rocket to the moon. + +Thoughts ? + +https://preview.redd.it/ji8i48bkj3481.png?width=640&format=png&auto=webp&s=7f98609ce1c69e67eefb5319f567c5a6f248755b +"America has lurched from one crisis to the next in 2020, knocking many people, even professional forecasters, off their feet. But not Matt Gertken, geopolitical strategist for BCA Research. + +“Unrest was an easy prediction even before the pandemic and recession, which made matters worse,” wrote Gertken in a note out Friday." + +https://www.marketwatch.com/story/strategist-who-predicted-the-us-would-see-a-revolt-of-some-kind-by-the-2020-election-says-us-in-danger-zone-and-stocks-will-suffer-2020-06-08?mod=home-page + +"In his most recent analysis, he skips the victory lap and instead focuses on what it means for markets. Broadly, volatility is likely to worsen, and equities SPX, +1.30% DJIA, +1.90% to be vulnerable. More specifically, Gertken notes, the U.S. dollar DXY, +0.36% is likely face choppy waters over the near term, but some of the headwinds may abate over the long term. + +“The market is reacting to stimulus now,” Gertken writes, “but policies look to turn a lot tougher on business,” no matter who wins the White House in November." + +"“Either the market sells off in the short run to register the currently likely victory of Joe Biden, who will hike taxes, wages, and regulation, or the market rallies all the way till the election, increasing the chances of President Trump’s reelection, which would revolutionize the global system, especially on trade, and would require a selloff around December.”" +So I’m $93,168 in debt. I had no control over the loans, my mom said she would handle them as I went through college. + +I currently have 5 different loans at differing interest rates, here they are: + +$24,202 at 5.3% +$20,454 at 7.08%(!) +$26,454 at 7.6%(!!) +$11,131 at 7% +$10,912 at 7% + +Assuming that all stays the same, by my calculations (which might not be fully correct), will be around $1,069. + +My other expansive include rent + utilities which is roughly $700 for me shared with my roommate, and a car payment which is $250 a month. + +I just got a first job post graduation at a whopping $42,000 annual salary, living in PA I expect to take home like $2600 per month. + +So clearly I’m super tight and not sure i can live like this, what are my next steps? +Bogecoin was just listed on CMC AND CoinGecko last week!! + +Super promising token with tons of use cases, and best of all - RUG PROOF. Alot of tokens claim to be unruggable, but just had have their liquidity locked into another contract address which they still have access to. Boge burned the liquidity and sent it to a dead wallet, so that money is not accessible. I have a ton of trust in this team. More info below! + +Telegram : https://t.me/bogecoin + +Website : https://bogecoin.org and https://bscgems.com + +Twitter : twitter.com/bogecoin + +CMC Listing : https://coinmarketcap.com/currencies/bogecoin/ + +CG Listing : https://www.coingecko.com/en/coins/bogecoin + +Bogecoin currently has multiple use cases with more in the works. See below! + +**Voting Application** + +Bogecoin powers the [BSCgems.com](https://bscgems.com/) Binance Smart Chain voting application. BSC Gems is a working dApp that allows users to submit and vote on newly launched BSC Projects. Voting rounds happen every week starting on Mondays. + +**Gem Finder** + +The Gem Finder is an application on the BSCGems platform, which allows users to find their newest Binance Smart Chain project. The Gem Finder shows important information such as financials and charting. + +**IDO Platform and Launchpad (in development)** + +The IDO platform is currently being audited by TechRate and set to launch in the next week or so. It will be used as a launchpad for tokens wanting to launch their project on the Binance Smart Chain. + +The projects on the IDO will benefit investors and new projects by ensuring: + +• Projects are vetted by BSCgems team +• Dedicated Marketing Budget is raised in BNB to prevent sell offs of native coins +• Burned Liquidity Tokens +• Fair Distribution (projects can't hold more than 20% of total supply) + +We will utilize our community and marketing (along with the other coins) in order to bring awareness and success to other coins. A percentage of the BNB Tokens raised will be burned to help push the BOGE price higher. + +**Other Info** + +This is a real (and doxxed) dev team that is active in their Telegram and takes community feedback frequently and incorporates it into their development initiatives. + +✔️ Contract AUDITED 📋 + +✔️ Ownership Renounced 📋 + +✔️ Original LP token BURNED + +✔️ Low Marketcap / Low Supply (under 1 million circulating) + +**Tokenomics** + +Initial supply of BOGE was 2,000,000, but 50% has already been burnt, leaving 1,000,000 coins in circulation. As a deflationary autostaking coin with a fixed supply no more BOGE can ever be minted, meaning your share will never be diluted. Additionally, for every transaction, 2% is burned and redistributed to token holders. +For some reason I just can't wrap my head around this, maybe someone can explain it like I'm five. + +When there's an asset or economic bubble, prices go up and up as people continue pouring more money in. Suddenly, for whatever reason, the bubble bursts and investors rush for the exit. A lot of people don't make it to the exit in time, and these people are left with huge losses. + +But I mean, the wealth doesn't just disappear, does it? I mean, it has to go somewhere? Where does it go? + +I hope this question makes sense. +That I’m thankful for all the financial books I’ve read during these 1,5 years. Not only they motivated me to manage my finances, but also helped with my anxiety towards money. After being clear how much money is circulated in a larger scales, I realized that overthinking about less than 0.1% is worthless. + +I’m thankful that I’m past the “what if market crash happens”, stock prices, meme speculations, and timing the market; that I can understand most of what is written in the financial reports and start trusting personal analysis. + +Edit: my portfolio is up 25% but it's just a year I will post an update in 4 years from now + +Edit 2: for anyone interested in the books I’ve read, please follow this comment [thread](https://www.reddit.com/r/investing/comments/rece8o/after_a_year_of_investing_i_came_to_a_conclusion/ho6tbkx/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +Hey all, I recently created a basic stock screening file based on the intelligent investor. I was a bit surprised to find a few big names there, but one that really stuck me was Intel. +Is it really a bargain rn in term of Graham? And within his principles +Hi, I've been trying to approach the management of my investments in a more structured manner. I wrote this list to help me achieve this. I took inspiration to do this from an article I read from Mr. Pabrai. Anything you think I should add or I'm missing? All criticism is welcome. + +Thanks for the feedback! + +[https://www.craft.do/s/N1pN8Dm5gO08Ji](https://www.craft.do/s/N1pN8Dm5gO08Ji) +**Big banks have been quietly engaging in the same behavior that precipitated the crisis of 2008.** + +[https://theintercept.com/2021/04/23/deconstructed-whistleblower-financial-crisis/](https://theintercept.com/2021/04/23/deconstructed-whistleblower-financial-crisis/) + +>During the 2008 crisis, banks bundled together a ton of bad mortgages and created a new asset out of them, and claimed that since they were now all bundled together, they were no longer risky, and the ratings agencies went along. Those new assets are called securities, and they were made up of residential mortgages. Hence the name: residential mortgage-backed securities, or RMBS. +> +>This week, in a story in The Intercept, a financial analyst-turned-whistleblower provided data that bankers appear now to be doing the same for commercial real estate, inflating income and packaging it together into risky assets. +> +>Commercial mortgage-backed securities are exactly what they sound like. They are financial products that are backed not by home loans, but by commercial loans. The problem in 2008 was the bankers and brokers were inflating the incomes of people taking out mortgages. + +&#x200B; + +**CMBS Market Musings: Securitization Finding Its Footing** + +[https://www.wealthmanagement.com/investment-strategies/cmbs-market-musings-securitization-finding-its-footing](https://www.wealthmanagement.com/investment-strategies/cmbs-market-musings-securitization-finding-its-footing) + +>Mortgage Bankers Association’s Mortgage Debt Outstanding Report shows private-label CMBS makes up roughly 14 percent of the overall CRE finance market as of the end of the first quarter of 2021—roughly in line with its market share as of the end of the first quarter of 2019. The size of the entire CRE finance market was $3.46 trillion in the first quarter of 2019 and $3.72 trillion as of the end of the first quarter of 2021. + +&#x200B; + +**Synthetic CMBS Primer** + +[https://www.globalcapital.com/article/28mwqoqjrbvhq494fbuv4/derivatives/synthetic-cmbs-primer](https://www.globalcapital.com/article/28mwqoqjrbvhq494fbuv4/derivatives/synthetic-cmbs-primer) + +Synthetic collateralized mortgage-backed securities are tools for harnessing and exploiting commercial mortgage and real-estate expertise. Using synthetic CMBS, an investor can gain leverage for aggressive speculation or apply or apply sophisticated hedging strategies to manage risk. + +&#x200B; + +**Pension Funds Target CRE CTR's** + +[https://www.structuredcreditinvestor.com/Article.asp?article=Synthetic-CMBS-eyed&PUB=&ISS=25086&SID=73480](https://www.structuredcreditinvestor.com/Article.asp?article=Synthetic-CMBS-eyed&PUB=&ISS=25086&SID=73480) + +>Pension funds are targeting synthetic securitisations of commerical real estate loans, despite the challenges of the Coronavirus crisis (SCI 9 July). However, going forward, portfolio composition will be key for real money investors. +> +>Accroding to Chris Redmond, head of manger research at Willis Towers Watson: "Since mid-July, the screamingly cheap has gone and so now we are back to normal, trying to find better CRT valuations. + +No, seriously, wtf... + +Edit: + +**Potential for fraud in asset-backed securities. Without stronger penalties to discourage it, widespread concealment and falsification of information could potentially lead to another crash.** + +[https://news.utexas.edu/2020/12/03/lending-fraud-could-wreck-economy-again/](https://news.utexas.edu/2020/12/03/lending-fraud-could-wreck-economy-again/) + +>The biggest fraud potential, Griffin said, is no longer with home mortgages. It’s with other kinds of securitized assets, such as commercial mortgages. For collateralized loan obligations (CLOs), a kind of security backed by business loans, he’s found evidence that the underlying loans are riskier than the CLOs’ ratings reflect. +> +>Such weaknesses can be hidden by a strong economy but get exposed in a weak one, he said — such as during a sudden pandemic. + +**CMBS Refinancings at Risk as Empty Offices Become a Wasteland** + +[https://www.bloomberg.com/news/articles/2021-10-14/structured-weekly-office-wastelands-pose-cmbs-refi-risk-in-2022](https://www.bloomberg.com/news/articles/2021-10-14/structured-weekly-office-wastelands-pose-cmbs-refi-risk-in-2022) + +&#x200B; + +**US commercial mortgage-backed securities face crunch as US$40b of mall debt comes due** + +[https://www.businesstimes.com.sg/real-estate/us-commercial-mortgage-backed-securities-face-crunch-as-us40b-of-mall-debt-comes-due](https://www.businesstimes.com.sg/real-estate/us-commercial-mortgage-backed-securities-face-crunch-as-us40b-of-mall-debt-comes-due) + +&#x200B; + +**This time, the issue is not a bubble in the housing market, but apparent widespread inflation of the value of commercial businesses, on which loans are based.** + +[https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/](https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/) + +**Some Other Shtuff** + +[https://youtu.be/kuALRyGI3Ho](https://youtu.be/kuALRyGI3Ho) + +[https://youtu.be/RX1uzbAOnXc](https://youtu.be/RX1uzbAOnXc) + +[https://www.nytimes.com/2021/07/01/nyregion/manhattan-vacant-office-space-real-estate.html](https://www.nytimes.com/2021/07/01/nyregion/manhattan-vacant-office-space-real-estate.html) + +&#x200B; + +I'm not a huge fan of the guy, but he's already bet on it: + +**Icahn is shorting the commercial real estate market, which he says is going to 'blow up'** + +[**https**://www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html](https://www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html) + +>Icahn's short is specific to credit default swaps, or "CDS," which are assets that back mortgages of corporate offices and shopping malls. Icahn said the housing market bubble of 2008 has "happened all over again" due to loans made in 2012 to shopping malls and more. "You have a bunch of mortgages ... so the banks went out and loaned money against a lot of shopping malls, office buildings, hotels and retail," Icahn said. "It's all credible institutions doing it again." The banks sold mortgages on commercial real estate "and then, when they did those mortgages, \[the banks\] sliced and diced them and put them in something called a 'CMBX,' an index," Icahn said. The banks then sold bonds against these mortgages to clients. Icahn expects shopping malls and others in commercial real estate will default on these loans. "A lot of these bonds now are in grave danger," Icahn said. "It's like selling insurance to someone who's going to go to the electric chair in a couple of months." +# Is the DOJ due for a prosecution overhaul? + +Following the headline making Barclays fraud cases that have closed over the past year, the number of dismissed cases and defendants who walked away have revealed a flawed strategy in the Department of Justice’s prosecution. In a detailed [*Wall Street Journal* article](https://www.wsj.com/articles/flaws-emerge-in-justice-department-strategy-for-prosecuting-wall-street-11625506658), reporters Aruna Viswanatha and Dave Michaels delve into the crackdown of Wall Street executives following the 2008 financial crisis and how the Yates Memo of 2015 has led to an increase in individual prosecutions yet a dwindling success rate in convictions. + +According to data from Duke University Law School, the DOJ prosecuted 28% more employees of banking institutions in cases “where companies received leniency through so-called deferred or non-prosecution agreements” over the last five years. **However, the DOJ’s conviction rate in these cases dropped to 79% compared to their typical 94% success rate.** + +Critics argue that there are several reasons for these dismissed cases or non-guilty verdicts. Some of these include the DOJ’s attempt to criminalize conduct that may have been questionable but not illegal, prosecutors encouraging banks to violate employee’s self-incrimination rights in order limit the bank’s own liability, and ultimately prosecuting individual employees “as a proxy for much wider wrongdoing” within the banks.  + +Much of the rise in these individual prosecution cases can be attributed to the use of the Yates Memo. The Yates Memo, with an aim to increase transparency in the industry and usable evidence, offers companies credit for cooperating in a criminal investigation only if the company provides specific information about the individuals involved in the misconduct. This information in exchange for the company’s limited liability often includes inter-employee chats, client emails, trading records, meeting calendars and other details. Prior to the Yates Memo, companies could cherry-pick the information they were willing to turn over to investigators, often citing employee privacy policies.   + +Seven of these individual financial fraud cases are still pending, so we will continue to monitor how they develop, and whether the DOJ experiences more pressure from judges and juries to reevaluate its prosecution strategy.  + +&#x200B; + +[https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/](https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/) +New thread requested due to the pure chaos our little community is causing. + + + +Continue on. + + +**EDIT** Also, please stop spamming mod mail with "I'm not a bot, plz let me post!". We're doing the best we can. The new acct/karma filter can't keep up with the demand. Getting 1k+ modmail messages an hour isn't helping. +Looks like $15 billion worth of AAA titles will be coming to our market place very soon. + + +>"Web3 gaming continues to be the most heavily invested category in tech history (>$15B USD invested in < 2 years). + +>The numbers don’t lie: 2022 showed why the highest quality games are choosing to build #onIMX🧵" + +By my estimation that approx 150 AAA game titles coming with the next year or 2. + +Bullish! + +BUY, DRS, BOOK, HODL 🚀 +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# [Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” <](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) + +# Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” < (YOU ARE HERE) + +# If you haven’t already, PLEASE go back and read Parts 1-3. We’ll be referring heavily to concepts like Triffin’s Dilemma, Derivative Feedback loops, and Debt Supercycles throughout Part 4. I want to make sure everyone is on the same page as we delve into Part 4, the largest and most comprehensive section yet. + +&#x200B; + +# Also Please Check out [Part 4.0](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) and [Part 4.1](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) before continuing. + +&#x200B; + +# + +# PART 4.2 “Financial Gravity” + +&#x200B; + +# The Panic of 1907 and the Creature from Jekyll Island + +As the industrial economy expanded following the Civil War, the weaknesses of the nation’s fractional reserve banking system became more serious. Bank panics or “runs” occurred regularly. Many banks did not keep enough cash on hand to meet customer needs during these periods of heavy demand, and were forced to shut down. + +News of one bank running out of cash would often cause a panic at other banks, as worried customers rushed to withdraw money before their bank failed. If a large number of banks were unable to meet the sudden demand for cash, it would sometimes trigger a massive series of bank failures. **In 1907, a particularly severe panic ended only when a private individual, the financier J.P. Morgan, used his personal wealth to arrange emergency loans for banks.** + +The Bank Panic of 1907 occurred during a six-week stretch, starting in October 1907. In the years leading up to the Panic, the U.S. Treasury, led by Secretary Leslie Shaw, engaged in large-scale purchases of government bonds and eliminated requirements that banks hold reserves against their government deposits. This fueled the expansion of the supply of money and credit throughout the country and an increase in stock market speculation, which would eventually precipitate the Panic of 1907. (Credit Bubble as discussed in Part 3). + +The role of New York City trust companies played a critical factor in the Panic of 1907. Trust companies were state-chartered intermediaries that competed with other financial institutions. That said, trusts were not a main part of the settlement system and also had a low volume of check-clearing relative to banks. + +Consequently, trusts at the time had a low cash-to-deposit ratio relative to national banks—the average trust would have a 5% cash-to-deposit ratio versus 25% for national banks. **Since trust-company deposit accounts were demandable in cash, trusts were at risk for runs on deposits just like other financial institutions.** + +The specific trigger was the bankruptcy of two minor brokerage firms. A failed attempt by speculators Fritz Augustus Heinze and Charles W. Morse to buy up shares of a copper mining firm (using huge margin loans to buy the shares) resulted in a run on investment banks that were associated with them and had financed their speculative attempt to corner the copper market. + +This loss of confidence triggered a run on the trust companies that continued to worsen even as banks stabilized. The most prominent trust company to fall was Knickerbocker Trust, which had previously dealt with Heinze. Knickerbocker, New York City's third-largest trust, was refused a loan by banking magnate J..P Morgan and was unable to withstand the run of redemptions and failed in late October. + +&#x200B; + +https://preview.redd.it/owqh9o8349u71.png?width=1245&format=png&auto=webp&s=a305bb5b147d82b039812fc8e9089fb3e2d2f551 + +This undermined the public's confidence in the financial industry in general and accelerated the ongoing bank runs. Initially, the panic was centered in New York City but it eventually spread to other economic centers across America. **In many ways, this crisis forebodes the 2008 financial crisis which began with similar circumstances (overleveraged institutions, financial speculation, shadow banks) and had similar results (collapse of financial institutions, emergency programs to save the system).** + +In an attempt to head off the ensuing series of bank failures, Morgan, along with John D. Rockefeller and Treasury Secretary George Cortelyou, provided liquidity in the form of tens of millions of loans and bank deposits to several New York banks and trusts. + +In the following days, JP Morgan would strongarm the New York Banks to provide loans to stock brokerages to maintain stock market liquidity and prevent the closure of the New York Stock Exchange (NYSE). He later also organized the Tennessee Coal, Iron, and Railroad Company (TC&I) buyout by Morgan-owned U.S. Steel to bail out one of the largest brokerages, which had borrowed heavily using TC&I stock collateral. + +A spike in the interest rate on overnight collateral loans, provided by the NYSE, was one of the first signals that trouble was brewing. Specifically, annualized rates spiked from 9.5% to a whopping 70% on the very same day that the Knickerbocker shut down. Two days later, it was at 100%. + +&#x200B; + +https://preview.redd.it/ncmn0hg449u71.jpg?width=600&format=pjpg&auto=webp&s=16725832915d7ee283051594bf68bfd0e583b37a + +The NYSE managed to stay open mainly because of J.P. Morgan, who obtained cash from established financial institutions and industrial behemoths. Morgan then provided it directly to brokers who were willing to take on loans. + +After a hold-up of several days, the New York Clearing House Committee got together and developed a panel to promote the insurance of clearinghouse loan certificates. They provided a short-term boost in liquidity and also represented an early version of the window loans provided by the Federal Reserve. + +The 1907 financial panic fueled a reform movement. Many Americans had become convinced that the nation needed a central bank to oversee the nation’s money supply and provide an “elastic” currency that could expand and contract in response to fluctuations in the economy’s demand for money and credit. Others did not agree and saw this as a back-door attempt to continually save corrupted banks. + +It was clear that a shrewd financier like JP Morgan would not be around forever- bankers grew extremely worried about the next financial crisis. They began to lobby Congress to create a “permanent” solution to bank runs. After several years of negotiation and discussion, Congress established the Federal Reserve System on December 23rd, 1913. + +&#x200B; + +https://preview.redd.it/yhsyfeo549u71.png?width=685&format=png&auto=webp&s=11e1c39946e4c24ee8c613e4332c011621d67777 + +Under a fractional reserve banking system, no bank has enough cash on hand to give out during redemptions. Money deposited in a bank account is very quickly lent out again, with only a fraction (say 10%) being kept on hand to handle withdrawals. + +As a run on one bank would ensue, the web of financial obligations that tied the banks together would start pulling other banks down with it. Any loans owed by the bank in crisis would immediately start to be downgraded, and the creditor banks, even if healthy, would see the value of their assets fall as the market started pricing in the default of the collapsing bank. + +What was seen in the crisis of 1907 was not only a credit collapse, but a collapse of confidence- the entire banking system was thrown into question, as depositors did not know which bank is solvent and which was not. Similar to the Prisoners Dilemma, individual depositors, knowing even though leaving the money in the banks would make the system as a whole much safer, took the conservative route and pulled as much money out as they could. + +What the banks needed at this time were cash loans- but at the very moment they most desperately needed it, the loans were not available as other banks faced runs as well. Thus, the Fed was created as a “Lender of Last Resort”- it could create bank reserves out of thin air and lend them to banks in order to ensure their solvency. + +&#x200B; + +https://preview.redd.it/x0m2vl7749u71.png?width=464&format=png&auto=webp&s=2086ec0c9c1ecb4dbf3cefc54a672863889d815c + +Many were infuriated by the creation of the Federal Reserve, which they viewed as a perpetual savior to Wall Street and a breeding ground for “[Moral Hazard](https://en.wikipedia.org/wiki/Moral_hazard)”, an Economics term used to describe a situation that occurs when an entity has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. For example, when a corporation is insured, it may take on higher risk knowing that its insurance will pay the associated costs. + +With time, their predictions would prove to be correct. With every financial crisis, the Fed’s power has grown, so much so that the institution would not be recognizable today to those who first founded it in the Winter of 1913. + +The Fed’s role was inalterably changed during the 1930’s when the U.S. faced its worst banking crisis in history. Coming at the cusp of a major credit downturn combined with a speculative bubble (that it had helped create), the Great Depression saw the collapse of over 10,000 bank and non-bank entities, including shadow banks such as trusts. The Fed did not respond adequately to this crisis; many monetary economists, including Milton Friedman, blame the Fed for not lowering interest rates or lending to failing banks. + +**Remember from our discussion in Part 3, in our current fractional reserve banking system, most money in the system (\~95%) is actually credit.** So, when companies/banks/individuals default, the loans are written down, and money is actually destroyed- it is deleted from the ledgers of banks. This is the nasty dual sword of credit- it gives (creates money) in good times, leading to increased revenues, asset values increasing, business growth, employment, etc- BUT, every dollar lent out has to be repaid. These dollars need to be paid back as the economy starts to roll over, and when they aren’t, the money they constituted is eliminated from the system. M3 Money Supply fell an estimated 30% during the Great Depression. (The Fed mysteriously stopped tracking M3 Money Supply in the early days of the Great Financial Crisis). + +Thus, the widespread collapse in prices (deflation) that began in 1929 on Black Monday was not just due to overleveraged speculators on the stock market- if that were the case, it would have just been a equity bear market and perhaps a mild recession (like the 2000 Tech Bubble, where DotCom stocks fell 80%, but the general economy pulled back only slightly). + +**The continued spiraling drop in prices of everything, from homes, to bread, to oil- was a result of the actual destruction of money that was occurring in the banking system. As credit was destroyed, money was as well- and with fewer dollars chasing the same goods, the dollars became more valuable, and thus it required fewer of them to purchase real goods.** + +Add onto that the hoarding of cash, which reduced money velocity, and prices fell even further. Businesses that were overleveraged were the first to default, but as prices continued to fall and revenues collapsed, even good businesses with sturdy credit could not find willing lenders. No one was willing to lend for fear of default. + +Thus, in 1933, the Federal Deposit Insurance Corporation (FDIC) was created, which insured all deposits of U.S. Commercial Banks up to a limit (now $250k, and now has expanded to include far more than bank deposits). Further, the Fed’s powers were expanded substantially. It had seen small trials of the Open Market Operations in 1907 and again in 1923, and in 1933 took this strategy under its wings, although it did not use it to its full effect as it would in 2008. + +Open market operations (OMO) refers to the practice of buying and selling U.S. Treasury securities, along with other securities, on the open market in order to regulate the supply of money that is on reserve in U.S. banks. This supply is what's available to loan out to businesses and consumers. The Fed purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money. + +**The Fed can thus influence the Price (interest rates) and Quantity (**[**M2 Money Supply**](https://fred.stlouisfed.org/series/M2NS)**) of Money itself- and by doing so, indirectly affect the prices of everything else in an economy.** + +Again, this practice was originally limited to only U.S. Treasuries, but it would be expanded in future crises to include Mortgage Backed Securities (MBS, 2008), and Corporate Bond ETFs (2020). + +During the latter part of the 1930’s, as part of their bid to widen the powers of the Fed, Federal Reserve Governors adopted the “mandate” of ensuring full employment (or as close to it as they can muster), in a bid to shift the overall strategy from solely bank lending to a more holistic monetary policy view. During the inflationary 1970’s, Congress added new stipulations to the Federal Reserve Act of 1913, so that now the Fed aims to follow their Dual Mandate of Price Stability and Full Employment. + +In the aftermath of the Great Depression, many monetary scholars envisioned a re-imagined Federal Reserve. The Fed, they argued, should work to eliminate the business cycles all together. Economic cycles have existed for millennia- the Kondratieff Cycle, for example, is an 80 year economic supercycle borne out of technological innovation. Credit cycles have been observed for hundreds of years, and consistently caused spurs in economic growth followed by subsequent recession. + +&#x200B; + +https://preview.redd.it/n7kx9gaa49u71.png?width=1448&format=png&auto=webp&s=6c0f2ca45f0f59787b2eaadd106189e6fc336584 + +The business cycle is an upwards trending sine wave, where credit creation fuels economic expansion for a time, and then the economy begins to roll over, and all these debts become due, and thus a recession/depression occurs. The cycle has been seen in countries as different as Japan, Afghanistan, the U.S., China, and Brazil- and has even been observed in biblical times (debt Jubilees, Leviticus 25) as well as ancient Egypt, Rome, and Mesopotamia. + +&#x200B; + +# Financial Gravity and the Event Horizon + +Economics is a social science- it is a blend of both humanities (sociology, psychology) and hard sciences (science, math, statistics). That being said, there are fundamental laws that govern economic systems wherever they prop up. In my personal life, my father has a PhD in Atmospheric Science- he was fascinated by how ice crystals and condensation are formed in clouds, and traveled the world (Chile, Antarctica, Canada) studying cloud physics. As a boy and basically an only child, he instilled a love of science in me- and I still view many things through that prism. + +When I explain economic concepts to him, I like to use physics metaphors to get the point across, because this is the world he understands. To me, Debt is a form of financial mass. + +One of the emergent properties of mass is gravity, as described by [Newton’s equation](https://en.wikipedia.org/wiki/Newton%27s_law_of_universal_gravitation). The mathematical formula for gravitational force is + +&#x200B; + +https://preview.redd.it/cq0asr7i49u71.png?width=714&format=png&auto=webp&s=341dc11737206ed63b07bc7ae0200269076a162d + +The more mass an object has, the greater its gravitational pull, (multiplied by the gravitational constant, G). The distance between two objects in space is represented by r. The gravitational force gets weaker by the square of the distance between two masses. + +**Debt is very much the same. At first, when debt is added onto an economy, it stimulates growth, as it creates new credit for businesses to access to build factories, train workers, construct buildings, etc. But, as the debt continues to grow, so do the interest payments- at some point, the debt load is too heavy, and the mass of the economy causes it to fall into itself in a credit contraction- leading to defaults and deflation.** + +Let’s say you own a company making net income of $100M a year. With a debt load of $1B and an interest rate of 7%, you have to pay $70M a year in interest alone just to keep the creditors off your back. If for some reason the company’s income falls to $50M, or interest rates rise, say to 11%- **then you can’t pay your debt. The math doesn't add up.** + +**The reason why debt cycles exist is as fundamental as the laws of physics; when an entity can’t pay its debts, or even cover the interest on the debt- what happens? It defaults. This isn’t a machination of political pundits, or econ professors, or conspiracy theorists- it is simply a law of math.** + +**When this happens across an entire sector, that's when you get deflation, credit contraction, and a downturn in the business cycle.** + +**If an entity can’t pay back their loans, they default- who would want to lend money to an entity that can never pay them back, a la Evergrande? No one.** + +**This is why I compare some economic laws (such as debt) to those of physics- both systems are ruled by math, the fundamental law of the universe.** (NOT ALL Economic laws- MANY economic laws are more complex/nuanced or based on human behavior, which doesn't follow perfect logical rules like math does). + +**Finance at it’s heart is about numbers, math- and the math doesn't lie. When the numbers don’t add up, and you have more liabilities than you can ever pay back, you default (Lehman Brothers and Bear Stearns, AIG, etc).** + +“But wait!” You say. “Governments issue debt in their own currency, which they print. Thus they can never default! Problem solved!” **Potato, potahto. If they print money to stave off the default, they only devalue their currency- thus, they don’t default in nominal terms (they DO pay back your $1,000 Treasury Bond) but in real terms (that $1,000 buys less stuff due to inflation).** + +Back to the business cycle- wherever the cycle peaks above the grey dotted line, this is called a positive output gap, and when it is below the line, it is a negative output gap. Post Great Depression, the Fed began to take responsibility for trying to control the business cycle, as they had just seen how destructive a credit bust could be. + +&#x200B; + +https://preview.redd.it/oagmeddj49u71.png?width=900&format=png&auto=webp&s=b2ff4ca2f0afba1d989face4f3f2634ce833796b + +Thus, the Fed decided to take on a role of “regulating” the cycle. **It would do this by lowering interest rates and easing monetary conditions during a recession, spurring borrowing and lessening the rates of default, to make sure companies can continue to hire and train workers as needed.** + +**During economic booms, they would tighten monetary policy, to prevent the economy from “overheating” by increasing interest rates, thereby tightening monetary conditions and preventing excessive speculation and overleveraging.** + +They also do this to get interest rates high enough so that they can drop them once again during a crisis, as interest rate policy is one of their most critical tools. (An overheating economy sees excessive credit growth, which often creates inflation- this is why inflation tends to peak before a recession. Just as many have pointed out in this sub, the last time inflation was above 5% was right before the Great Financial Crisis of ‘08) + +Don’t believe me? Look at their own tracking of the [Federal Funds Rate](https://fred.stlouisfed.org/series/FEDFUNDS), the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. (the shaded areas indicate a recession) + +&#x200B; + +https://preview.redd.it/7me1w8al49u71.png?width=2848&format=png&auto=webp&s=105907aa22778bd6c064eb0a98abf4fbdf4aa9da + +After every recession begins, they drop interest rates down to mitigate the hit of the downturn. As the economy improves, they are able to raise them back up again. It's a near perfect lagging indicator of a recession. + +How long do they keep interest rates down once they are in a recession? No one really knows. **The Fed is perpetually caught in a catch-22; if they raise interest rates too soon during a recession, they worsen it or cause a depression.** + +**But, if they keep interest rates low to spur an upturn in the credit cycle (bubble in this case), then they are sowing the seeds for the next crash, as the debt created on the way up must be paid back on the way back down.** + +**When the economy is booming, if they raise interest rates too fast), then they cause debt payments to spike, which means defaults occur, and the economy starts to roll over.** + +There is no real escape from this conundrum. **As you can see, the Fed has been fighting it for the better part of a century to no avail- it keeps reacting to crises in hindsight, never understanding that many times, it is also the one that caused it-** Just like a firefighter coming to put out a fire he set an hour before. + +Each bubble bursting must be met with the Fed creating a bigger bubble. 1990 sees a mild recession? Time to lower interest rates and (“accidentally”) spur the Tech Bubble. That bursts in 2000? Time to lower interest rates and start a housing bubble. That collapses? Start an Everything Bubble in 2009. Rinse and repeat. (Again, cycle every 8-10 years- March 2020 anyone?) (I’m oversimplifying, there are many other factors that contributed to these bubbles, but low interest rates just adds fuel to the fire). + +**This process continually creates more debt, more inflated assets, and more risk in the system. Look at the chart above- you’ll notice that the troughs (low interest) get larger and deeper, and the peaks get shorter- with each crisis, they are able to raise the rate to a lower level than before, and have to drop it to a deeper level than before, to get themselves out of it.** + +Pre 1990, the Fed Funds Rate was at 9.5%. In 2000 it hit a cycle high of 6.5%. Pre 2008 it barely got above 5%, then it was pinned to near zero post Great Financial Crisis until Yellen finally decided to start hiking in late 2015, but even then it took four years to get to a measly 2.4%, and even that could be held for only a couple months. + +Why do they keep lowering interest rates, and keeping them lower than before? Simple, just look at a chart of [Public Debt to GDP](https://fred.stlouisfed.org/series/GFDEGDQ188S) for the United States. As the Fed has continued with this game, debt as a percent of GDP has continually increased, from a starting point of 30% in 1981 to 127% where we sit today. Ever increasing levels of debt means the Federal Government will go bankrupt if interest rates stay at historic norms (6-8%), so the Fed has worked to suppress interest rates to keep the Treasury solvent. + +&#x200B; + +https://preview.redd.it/2ndracwo49u71.png?width=1903&format=png&auto=webp&s=c22407597a64f9538014fb2a09e99ba7cdf25154 + +**The Fed, with this trend of lower and lower interest rates in their vain attempt to kill the credit cycle, have created a financial black hole- the more they lower rates to get out and stave off default, the more debt is created, piling on more and more mass. This pushes interest rates even lower, which creates more loan demand, and thus more debt, in a devastating feedback loop.** + +**This game will continue until the whole thing collapses under the weight of it’s own gravity. That, or they burn their way out with inflation. (Guess which path they’re currently choosing).** + +**There has been much discussion of a taper, that the Fed will stop printing money to buy securities, and will raise interest rates to “fight inflation”. To me, anyone who believes they will accomplish this is being foolish.** + +**The Fed could barely get interest rates above 2.4% in late 2018/early 2019 before the stock market began to fall into bear market territory and the repo market blew up in September 2019. What makes them think they could get interest rates high enough to matter to fight inflation (above 7%) with Debt to GDP 30% higher than it was in 2019?** + +**See below for a brief overview of all the Fed “Tapers”.** + +**Each time they begin this program, the markets react violently. Addicted to the heroin of easy money and low interest rates, the prisoners of this system (the banks and the US Treasury itself) are up to their eyeballs in debt, and any attempt to offload that debt is vehemently opposed. (**[**See this article**](https://www.reuters.com/article/us-usa-fed-2013-timeline/key-events-for-the-fed-in-2013-the-year-of-the-taper-tantrum-idUSKCN1P52A8) **for a timeline of the 2013 Taper Tantrum).** + +**Disconnecting the Fed’s liquidity hose results in immediate withdrawal, and must be put back quickly if the Fed wants to avoid a full blown deleveraging event (deflationary spiral). The prisoners demand ever increasing liquidity, more and more QE, and tapers (pull backs in money printing) become ever shorter and fewer.** + +**The inmates are running the asylum.** + +&#x200B; + +https://preview.redd.it/xnol7m5s49u71.jpg?width=1200&format=pjpg&auto=webp&s=69008c6102770900fecc8408fe3b41a07d172157 + +Bernanke assured everyone during the Financial Crisis that Quantitative Easing “would be temporary, and the tapers would be permanent”. **It appears the opposite is true- QE is permanent, and the tapers are temporary. They can only taper for a little while until something else blows up and they are forced to start printing again.** + +**Much like a black hole, in many ways we cannot directly observe the phenomenon, but we can see it’s effects on what surrounds it. The Financial Gravity the Fed has created by incentivizing ever more borrowing has caused more and more distortions in financial markets, pumping junk bonds to absurdly high levels and creating shortages in others (Treasuries, like the Reverse Repo Facility-** [**See my DD here**](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)**)** + +**The weight of the debt is pulling the economy and markets down, but with constant money printing the Fed hopes to stave off disaster. Much like a Black Hole however, the process is exponential, and the longer the Fed keeps interest rates at the zero bound, the harder it will be to escape and the more money they’ll have to print to get out.** + +**For those of us who follow economics/monetary policy, this exact scenario played out in 2018- the Fed stopped QE, and started tightening/tapering, aka reducing it's balance sheet. (l**[**ook up Fed Balance sheet on FRED**](https://fred.stlouisfed.org/series/WALCL)**). The markets, a month later, started nosediving. I was actually on Wall St at the time coincidentally (doing interviews, and touring the banks for job offers- never worked there).** + +I talked to a lot of analysts, they all said that this turbulence was bad, with no more Fed support (QE) the markets were due for a correction, etc. but they also confidently said that the Fed would change its mind and start QE again once things got bad enough. The taper, they said, would not last forever. The markets would make the Fed blink. Sure enough, they were right. + +&#x200B; + +https://preview.redd.it/9dd2kldu49u71.png?width=1068&format=png&auto=webp&s=349e4b6d752de43e0e5b048e6c71667ddea50c7e + +From August to mid December, major equity indexes dropped 20%, putting them in a technical bear market. I was there in late October, and pretty much every day saw heavy selling. December got even worse, and as the selling continued, worry began to spread across financial markets. + +Powell stuck to his guns and insisted the balance sheet reduction would continue barring another financial crisis. [Here’s a quote from an article on December 19th, 2018.](https://www.yahoo.com/now/powell-said-seems-troubling-markets-181403220.html) + +“Minutes into his press conference on December 19, Powell was asked if the Fed is looking into altering its strategy of undoing quantitative easing by allowing its massive holdings of Treasuries and mortgage-backed securities to mature off the balance sheet. + +“I think that the runoff (reduction) of the balance sheet has been smooth and has served its purpose and I don’t see us changing that,” Powell said, adding that interest rates would continue to be the “active tool of monetary policy.” When Janet Yellen kicked off the unwind process at the end of 2017, the Fed outlined its intention to let the roll-off occur on “auto-pilot” with no promise of reverting back to quantitative easing — unless there were a [“sufficient”](https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20170920.pdf) negative shock to the economy.” + +Dec 24th, 2018 saw a big drop in the markets, a 400 point loss in the Dow, marking the third Friday in a row of red days in the markets. ([See article below](https://www.cnbc.com/2018/12/24/by-the-numbers-sp-500-falls-into-bear-market.html)). + +Again, this entire bear market occurred without an external economic shock or a default by a major US bank- it was purely driven by the fear that the Fed would not restart QE and the Taper would continue. + +&#x200B; + +https://preview.redd.it/pm83o3dy49u71.png?width=1812&format=png&auto=webp&s=2b76a990b2f52d890fa19e2e0b1bd86736ac70aa + +Not even two weeks later, everything changed. The Fed Chairman, Jerome Powell, came out and recanted his earlier statement of a tapering program “on autopilot”. He said they'd stop tapering soon, and may even begin QE again after they'd "re examined the situation". Markets rebounded, and after QE began again, they started rallying hard. ([CNBC Jan 14th, 2019](https://www.cnbc.com/2019/01/04/fed-chief-powell-just-walked-back-his-autopilot-remark-and-the-financial-markets-love-it.html)) + +&#x200B; + +https://preview.redd.it/cbpp2q5059u71.png?width=970&format=png&auto=webp&s=d7d3f67cbb440939498faf80caa897f8007fed9a + +(Yes, I know the Fed did not immediately restart QE in Jan 2019, but they signaled an end to the taper program and that they would be "open to restarting QE if the conditions warrant it". This was enough to soothe markets into rallying back to ATHs. They began QE again in September 2019) + +Many market observers did not understand the implications of what just happened. What many others grasped, and what I was beginning to suspect, was that this series of events was a major signpost that something was seriously wrong in equity markets. + +**The markets were completely dependent on Fed liquidity, and the Fed had blown a bubble in literally every single asset class in the financial markets- this bubble was able to be maintained only through constant (and growing) QE, and any taper of these injections resulted in immediate collapse of the bubble.** + +**December 2018 demonstrated that the removal of that liquidity injection (heroin) that the markets were addicted to resulted in rapid downward re-pricing of financial assets. The “wealth effect” the Fed had created was nothing more than an illusion.** + +Something had changed since 2008. Although the NBER (National Bureau of Economic Research) claimed that we had only experienced a recession, if we use their original terminology we actually had been through a depression. Depressions were originally defined as prolonged periods of economic underperformance, which by all indications we were experiencing. GDP nominally was rising, but much of that could be attributed to increased government spending (component of GDP) and inflation (raw GDP is not adjusted for inflation). + +**NBER estimates we underperformed GDP potential by around $8.2 Trillion in real growth since ‘08, which would have mostly gone to middle and working class workers in the form of wages. (see** [**here**](https://groundworkcollaborative.org/wp-content/uploads/2021/04/GroundworkCollab_RoomToRoom_r4.pdf) **and** [**here**](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5959048/)**).** + +**Although there were no more bank failures after the fall of ‘08, unemployment spread throughout the economy, growth slowed to a standstill, and many left the workforce altogether. As we covered in Part 3, if we divide the performance of the S&P 500 by the Fed’s Balance Sheet since the GFC, the LINE IS FLAT. This means that there has been basically NO REAL growth in stock prices since 2008- with the only rise in prices due to money printing.** + +&#x200B; + +https://preview.redd.it/al4eze0259u71.png?width=2480&format=png&auto=webp&s=7fd9dccdaf8b522f171d49e2359c5098fda01d85 + +**The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1. The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives. This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.** + +**The entire rally has been an illusion, financed by the Fed and maintained through QE. In the black expanse of space, many things are not what they seem.** + +&#x200B; + +&#x200B; + +# Smoothbrain Overview + +* **In 1907, a major banking crisis broke out across the United States when overleveraged investment trusts saw their clients default on margin loans. This spurred a general bank run.** +* **Hoping to prevent future panics, Congress created the Federal Reserve, the Lender of Last Resort to all US Commercial Banks (later they would lend to Hedge Funds like LTCM, Investment Banks, and even Insurance Companies)** +* **With each subsequent economic crisis, the role and power of the Fed has grown. Now it commands monetary policy for the World Reserve Currency (USD) and can thus indirectly influence every major global asset market.** +* **The Fed has resolved to reply to every recession with a drop in interest rates to spur credit growth. What this does unfortunately is build up massive amounts of debt over time.** +* **By doing so, they have created a Black Hole for themselves which they are desperately trying to escape (this is why they are set on tapering)** +* **Each dollar of debt that is created puts more strain on the system, as interest rates need to be ever lower to prevent widespread default. Thus the Fed has to move interest rates lower and lower, which incentivizes more debt.** +* **Tapering the balance sheet will quickly result in massive corrections in asset markets as we saw in the fall of 2018. If they chose this route, I expect they will have to reverse course in under a year.** +* **This feedback loop has resulted in interest rates pushing the zero-bound, and will soon be (if not already) in negative territory. To inflate away the debt, the Fed will have to push them even farther down (in real terms)** +* **This results in the ultimate dilemma- to save currencies or save bonds. Ultimately, the Fed will soon have to decide which choice to make.** + +&#x200B; + +&#x200B; + +# Conclusion + +The Fed is now trapped in a Black Hole of it’s own design. Continually crushed by the weight of the financial debt, the economy and markets themselves keep contracting inwards towards collapse. 2008 was a foreshadowing of what was to come- and in 2018, the system was beginning to unravel again. The Fed, desperate to prevent this, persists in heaping more and more liquidity and debt onto the system, desperately praying that there will be a way out. + +&#x200B; + +https://preview.redd.it/2zq67jz459u71.jpg?width=3000&format=pjpg&auto=webp&s=05b758df1f70aa3e15d68c5bc4875cad63c4cb24 + +**Each crisis requires exponentially more stimulus to be used to fight it- $100 Billion for the Tech Bubble. $2.2 Trillion for 2008. $4.1 Trillion (and climbing) for March 2020. The Fed is running out of time.** + +**They will almost undoubtedly try to Taper to escape. Even if they try this, it will fail in time, causing a rapid collapse in asset prices. When it does, they will have to turn back the liquidity hose even more than before, as they try to escape the event horizon, “the point of no return” where not even light itself can run fast enough to flee the massive gravitational pull of the black hole.** + +**What they do not grasp yet is that they have already crossed the event horizon. Only hard choices lie ahead - the only thing on their mind will be avoiding another Great Depression, but to do this they will have to print trillions more.** + +**This will only accelerate worsening inflation, and unleash devastating feedback loops that lurk under the surface of our economy. Many a State has wrecked itself on these shores, but sadly few heed the warnings. As stated in the prologue,** ***“On cold nights when the moon is full you can watch these ghost ships (economies) making their journey back to hell... they appear to warn us that our resolution to avoid one fate, may damn us to the other.”*** + +&#x200B; + +&#x200B; + +&#x200B; + +# + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR “AT WORLD’S END” + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD)** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +**You can follow me on Twitter at peruvian\_bull. All other accounts are impersonators/scam accounts** +I know we have some of these types floating around in here (maybe more than a few?). + +If possible, I'd like to hear what, if at all, any of your clients and/or associates who pay attention to the crypto space (even if just a little), think of the situation. + +Mainly, would forking to retrieve *stolen* funds or not forking and leaving a bad actor in the system, affect their interest in and perception of Ethereum (and crypto in general) and their willingness to invest? + +Thanks. +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/ywAGqfUAQE) +I have a $50,000/year job. That's $39,000 after taxes. I started this job 6 months ago with $30k in the bank from unemployment. + +Now, after I should have saved $19k more minus expenses, I have....$31k. + +I don't understand how I work full time and don't pay for the car, internet, phone, or my student loans at the moment...yet I'm not making saving any money at all. This has happened to me before where I save MUCH more money MUCH faster while on unemployment. + +I just want to know...is anyone else stuck working all day and finding it just barely covers the cost of being alive? And this is me with much FEWER costs than when I was living on my own! + +EDIT: Wow, a lot of responses! + +1. I will take your advice of using Mint or something to track spending. +2. No, I don't spend more than a combined $200/year on coffee, cigarettes, drugs, liquor, Ubers, sex, dating, Steam games, streaming video subs, eating out, and delivery. I basically live my life as a child...who works 40 hours a week. +3. I'm also going spend a little more time following up invoices. + + +EDIT 2: +Feel free to continue discussing but I can't promise I'll read all the comments going forward. +I appreciate the help overall! I'll keep in mind the advice about minding small purchases, but I don't think I care to read another variation of "I assume you buy lots of Avocado Toast/Coffee/simple pleasures." It's a pandemic and I hate coffee. +I’ve spent a good deal of time getting to grips with wheeling (CSPs, CCs, rolling etc etc) and managed to get my AAPL shares down to a cost basis of $123 down from $138 over that last month. I’m happy because I had a plan and stuck to it - even though people were pretty vocal about selling etc. + +Can anyone suggest a theta strategy that I could learn next. I’m keen to add to my knowledge and would love people’s thoughts on next steps for me. + +I have around 38k in my account and keen the learn more. + +Thanks in advance! +Hello everyone. It’s me again. This time I’m not telling you about Sluggs or Snakes. I want to talk about something that was just released by The European Bank yesterday, May 19th and is flying under the radar EVERYWHERE for some reason. I’m not a financial advisor. I manage a warehouse for a construction company and I’m really stupid but the following information, I feel, is very important to review. If I’m wrong or stupid ANYWHERE. Let’s discuss! Let’s get brain juices flowing! + +The European Bank, of which 19 countries are members, just issued a Financial Stability Review - [Financial Stability Review, May 2021 (europa.eu)](https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202105~757f727fe4.en.html) \- which I only caught because of this very minor article on Barrons - [European Central Bank Warns on Heightened Risks to Financial Stability | Barron's (barrons.com)](https://www.barrons.com/articles/european-central-bank-warns-on-heightened-risks-to-financial-stability-51621439308) The Barrons Article is a great TLDR – Basically everything fucked. HODL. (Edit: This article has now been paywalled) + +But let us dive a tad further PAST that into the actual report released by The EB. I’m just going to write my general thoughts, I’m not smart enough to do an extreme breakdown but I encourage EVERYONE to read the article and grow a few wrinkles. + +The beginning part of the article explains that risks because of the pandemic remain high and that corporates and banks need continued protection in order to prevent insolvency issues. You see, many of these banks and corporates or hedge funds would have gone bust in 2020 because of how over leveraged they were if it weren’t for the help they got from their respective Federal Reserve (US) or the European Bank (EU). Basically, the can got kicked down the road, money printers went BRRR. The day is saved. So far. + +The VERY first crayon munching picture that everyone can understand is presented. Look it over. What is being predicted going into 2022? + +Then the article discusses the US yields and Bonds. Basically, how the US kept itself afloat and the risks associated with it in Charts 1 and 2. Chart 3 discusses what we already know. Many Hedge Funds are overleveraged and exposed to failure which leads to increased risk to those lending to them. This has caused a decrease in liquidity. Quote “Cash buffers and liquid asset holdings are now below PRE-PANDEMIC levels and approaching NEW LOWS, leaving the sector highly vulnerable to fire sales of assets in the event of large-scale redemptions.” (DANGER ZONE by Kenny Loggins) + +Chart 4 – More leverage, more vulnerabilities, more insolvencies. Look at the right chart and it’s cliff notes. It’s projected that since 2019 more and more corporate insolvencies will occur. + +Chart 5 discusses how this will affect everyday Europeans oh, and the real estate sector is going to go boom if a financial crisis does happen. (In a VERY bad way. 🔥 🔥 🔥) + +The report continues that while the Market overall has been doing great! Banks are not making a profit. What is going on? They claim they don’t really know but because of this Banks are not willing to loan as much suddenly anymore despite how good they all should be doing. Quote “Early signs of rise in loan impairments are becoming increasingly visible.” + +Then it starts breaking down many things of which I’m going to generally gloss over but please read it in your spare time. The next Chart we should look at is 1.12 – how a backlog of insolvencies will cause challenges in the EU. The expected default frequency is forecasted in this chart and compared to the 2008 Financial Crisis. Shit is FUCKED. + +The report goes on into how the US Markets are affecting Euro Markets. To quote “At the end of January 2021, groups of retail investors (THAT’S US) bought several US small cap stocks where leveraged investors had large short exposures. Their actions, coordinated on social media, pushed those stock prices to high levels, thereby imposing substantial losses on short sellers such as hedge funds that were forced to buy the underlying shares to close their positions.” READ THIS ENTIRE SECTION. It’s uncessary for me to quote the whole thing but READ IT. They specifically talk about options and how their unwinding will have spillover into the broader marker. They cite Archegos specifically. Going on they state again “…That bank asset quality is likely to deteriorate further over 2021.” + +Chart 4.5 – Funds’ cash buffers continue to fall while liquid asset holdings remain stable. (In my mind, this is like the part in The Big Short where Steve Carell and his buddies are being asked to pony up more money for their shit even though their shit was literally FULL of shit.) + +The report even addresses ‘Zombie’ firms. Aka Shell Companies and how they are gonna fuck shit up if not addressed AND SOON. + +Ok. That’s all I can fit into this post because my lunch break is over and hopefully smarter people than me will pick up on this and explain more. Guys. This is “I GOTTA CALL MY MOM” kind of a big deal. The news is NOT reporting this information but the banks can’t hide it anymore. Shit is going down. Keep Holding. I love you all and good luck going into our new future. Do good. Use this information for good and all gains you may possibly get for the betterment of all. Be excellent to each other! + +Obligatory Rockets - 🚀🚀🚀 + +Edit 1: just before I go back to work. I googled to see if the US Government has reported anything similar to this. Holy Shit. They have. Back on the 6th. Why has nobody noticed this? Why is the Media not sounding the alarm??? + +https://www.federalreserve.gov/publications/may-2021-purpose.htm + +I don’t have time to do anything more than glance over it but guys. The Federal Reserve is saying basically the same thing but with way more bullshit and “Don't worry about it!” Language. But the underlying message, if you read past it. Is the same. Shit. Is. Fucked. + +Edit 2: u/attobitt u/heyitspixel or u/rensole help bringing more eyes on this? + +Edit 3: Apparently Zombie Funds 🧟 are MUCH more dangerous than just a shell company. u/RedMageMood sent this to me. + +“read the paper you shared about financial stability. + +Zombie firms aren't shell companies, they're much worst. They're companies that aren't profitable at all yet still run, these companies carry large debt and are planned to NEVER turn a profit. They are true full blown ponzie schemes where they start off by collecting a round of investors in some new tech or idea, make a prototype, have a press release, then have another round of funding and collect new investors. That new funding is then used to pay off the initial investors, but after expenses, expansions, salaries and other payments nessessary they are still in the hole. + +These companies do this forever, another word for them is GROWTH companies or growth sector. https://finbox.com/ideas/zombie-companies-list , a lot of these companies are actually in large ETF's such as SPY and NASDAQ. These aren't just venture capital endeavors, some are major corporations such as Mattel inc., other famous zombie firms are UBER, Doordash, and most tech darlings. + +The problem with them is what happens when funding stops for even 1 round, and then debt is carried over to the next fiscal year. Also what happens when their "growth" is already priced in and invested on by major hedge firms and ETF's, except most positions are on MARGIN. + +What will happen when the growth companies stop growing, yet people spent money on it to grow with fake overleveraged money?“ +Reddit will be shut down, and we won’t have access to this subreddit. The price of gme will be going up down and maybe in your wife’s boyfriends ass, but what is most important is that we all hold. Do you remember 2008? Do you remember how many people committed suicide because they lost everything. The day the margin call happens we will all be tested as a group and as individuals. Which one of us will sell when it suits them? Which one of you will be a paper handed bitch and just think about yourself. This is the one fucking time regular retail investors have a fighting chance to take back what was lost. This system will always be rigged for us as individuals.... but what we do as a collective will affect the next hundred fucking years. When the price is right for you and you think of selling, think about the people who talk about living in vans and only have one share. The person reading this far, I trust you to hold. I believe there are enough people out there who won’t hold just for the money, but to send a fucking message. You can talk about how you won’t paperhand, but when the moment comes, will you be true to your word? There’s nothing stronger than a group of individuals with nothing to lose, love you apes!!! +Seriously if you can’t sleep at night because Bitcoin fell 20% then you have too much of your assets allocated to it. Bitcoin is volatile. It will swing a lot in both directions. You need to be able to handle the volatility. If you can’t handle the volatility then don’t put so much of your money into it. If you only put 20% of your money in Bitcoin and the price falls 20%, then that’s only a 4% drop in your net worth. If Bitcoin is 50%, then that’s a 10% drop. If you cannot handle these swings then to need to lower your exposure. You should not be up at night wondering how much money you may gain or lose the next day and how it will affect your financial situation. This mostly goes for losing money though as no one seems to think they’re over leveraged when they’re making money. + +Edit: I meant overexposed not over leveraged. +By transferring to CS or buying through CS, investors remove shares from the pool of shortable shares. This means any short position on the shares removed from the DTCC must be closed. So as investors transfer/remove shares, the price will continue to rise and the stream of ammo SHFs have slowly runs dry. Investors cannot directly register ALL of the float because the “real shares” will not be able to be located without closing EVERY short position (or risk exposing the illegal naked shorting that DEFINITELY isn’t occurring). The number of directly registered shares will approach the float until we reach an inflection point where the price has risen so much by slowly forcing shorts to close one at a time or “Brick by brick” that marge will come a calling. + +TA;DR +More directly registered shares means: +More short positions are forced to close which means: +Price rises AND fewer shares exist to continue to (legally) short which means: +Harder to suppress the price/price rises faster which means: +Rrrrring ring marge + +TL;DR +Investors can continue to apply pressure to SHFs by: +Buying shares through CS +And +Transferring shares to CS +Until +Eventually name your price +https://www.cnbc.com/2021/01/05/oil-breaks-above-50-for-the-first-time-since-february.html + + + +Oil has bounced back a lot from the crash earlier last year. I just wish I had a ton of land so I could have bought oil futures contracts when they were going for negative $$ and would have been paid to receive thousands of barrels which i could sell now. damn lol +https://www.cnbc.com/2021/01/05/oil-breaks-above-50-for-the-first-time-since-february.html + + + +Oil has bounced back a lot from the crash earlier last year. I just wish I had a ton of land so I could have bought oil futures contracts when they were going for negative $$ and would have been paid to receive thousands of barrels which i could sell now. damn lol +It happens often, and it seems like common sense. But, how often have you been called by your loan company, or your phone company, or your insurance company, or internet company, and that call has started with something like: + +> "Hello, this is Sandra from Comcast calling about your account. Before going any further, for your security, please verify the last four digits of your social security number." + +And then you just tell them. + +This is *insanely* easy to spoof. It doesn't matter if you have legitimate business with the company, or if you owe them money. It doesn't matter if you're worried that ignoring them will "make them angry" or anything like that. **It doesn't matter if the caller ID matches the number you expect it come from.** + +Even these simple phone calls should be refused. + +> "I do not give out any personal information to someone who calls me. I have no way of verifying who *you* are, or if the phone number has been spoofed. Please tell me what matter this is about, and I will call the number posted on your company website to discuss it." + +If they refuse, then hang up. If you are worried, then call the official number anyway and tell the representative that you just received a call that got disconnected, and you'd like to know what the call was about. + +Do not let them make you feel crazy. Do not let them make you feel paranoid. Do not give in no matter how reasonable it may seem. + +Once, I was 45 days late on my car payment. They obviously called me about that. They always tried to verify. I always refused. This didn't result in anything extra on my credit, this didn't result in anything worse for me, it didn't make them pursue legal action. It didn't affect my future customer service with them. + +I simply called back on the number that I usually contacted them, *then* verified who I was, then I explained my situation and when I planned on bringing my account back up to date. + +Never, ever, ever give out any Personally Identifiable Information on a call unless you made the call *and* you trust the other party. This includes, but isn't limited to: + +- Address +- Full name +- Drivers license +- Bank information +- Credit card information +- Payment history information +- Current balance information +- Connect/Disconnect dates +- Account numbers (even for non-financial accounts like your electric company) +- SSN +- Tax information +- Employment information +- Names of relatives +- Names of people you live with + +Don't give *any* information to someone who calls you and claims to be with a company that has business with you. + +EDIT: + +I should note, **this includes calls from a government agency that calls you, such as a tax authority, a licensing board, or a welfare agency**. No government agency is going to throw you in jail for refusing to give personal information over the phone in nearly every country on the planet. + +EDIT2: + +This also includes **asking them questions which reveal personal information**. Such as, "do you have my new address?" or "Did you send an email to [address]?" or "What was the amount I paid last month?" + +You might ask these questions in an attempt to reverse it and make *them* verify themselves. But even questions like the last example above give away information you don't want a scammer to have. You don't want a scammer to know for sure that you *have* made payments to a specific company, you don't want them to know you recently changed addresses, you don't want them to know your email address. + +This is why, as I said above, you should hang up instead of trying to make them verify who they are. **This is true even if it's from a company you know you do not have business with**. If you get a call "from Comcast" about your account, but you have a different provider, don't let the caller know that you don't have a Comcast account, and don't let them know who your provider actually is. Tell them the same thing you would tell them if you did have an account: + +"What is the matter about so that I can call the normal customer service line and discuss it?" + +EDIT3: + +This is true **even if they volunteer some kind of verification**. A scammer might know the last four digits of your SSN, or know the last four digits of your credit card, and then leverage than into getting more information from you. It doesn't matter what they say, or what they provide as proof. **You still never give out personal information over the phone unless you made the call yourself**. +I am about to break up with my long term GF over money. We got engaged recently, and I shared details of my finances with her. (considering we would be getting married in the future I felt sharing my FIRE plans and progress was appropriate). Well when she realized my net worth, she now thinks of me as rich. Suddenly she wants a $15-35K wedding, and my attempt to put some "breaks" on it, led to a huge fight. Where "I put money above her happiness". In all other aspects, she was always frugal and I felt that we were compatible on that front. Based on the above how do most of you with FIRE mindset find/communicate like minded significant other? +I understand that locking up the free float in CS will mean that no more 'real' shares are available, but what forces the margin calls on SHF in this situation? Can they just continue to manipulate the millions of synthetics and keep selling them and keep introducing more into the system? + +I'm a smoothe brain and I'm not trying to introduce FUD, I'm sincerely trying to better understand how this works. + +Does having the float locked up just start a bidding war in the dark pools for authentic shares that don't exist there? + +Assuming we have 40% locked up right now in CS, it hasn't affected the price much. But we can't see what the going price is in the dark pools. + +What prevents SHF manipulation from keeping the ticker price low even after the float is locked up? + +In my smoothe brain opinion the ticker price staying unnaturally low is what is preventing the SHF's from getting margin called. What is going to force the ticker price up after the float is locked up? + +Please ELIA. + +Edit: In my personal smoothe brained opinion, I think locking the float up with tens of millions in continued volume may be one step needed by RC to have reason to recall the shares. +Source: [https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme](https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme) + +So, people have been mentioning Amazon being the dark behind of all this. I believe BCG is evil but not final evil. + +Amazon is the one pulling string behind of all this. + +What is Amazon's recent acquire? + +# Whole Foods + +Yep, Amazon also merged Whole Foods around that time frame when BCG involved to provide consulting. + +some more digging. There is a thing called BCG matrix. ( I have no idea what the fuck is that). But, this matrix has been applied to Whole Foods as early as 2016, which is a year prior to the merge to Amazon. + +&#x200B; + +&#x200B; + +Edit ------ + +Sorry, I am going to leverage this hot focus on this thread to promote a guide post on CS that I feel more important than BCG. I confess, I was holding to this Whole Foods thing just so that I can promote a CS guide. But I do believe this is a very important guide. + +[https://www.reddit.com/r/Superstonk/comments/to9838/guide\_on\_how\_to\_remove\_stop\_trade\_restriction\_on/](https://www.reddit.com/r/Superstonk/comments/to9838/guide_on_how_to_remove_stop_trade_restriction_on/) +The day before Bear Sterns crashed, the Federal Reserve held a private, non recorded meeting with many of the investment banks, with the exception of Bear Sterns. In attendance was Fed Chief Ben Bernanke, the NY Fed President, Jamie Dimon, and the rest from Goldman Sachs, Morgan Stanley, Merrill Lynch among a few others and none other than our mayo loving boy Kenneth Griffin. + +The same day this meeting was held, someone spent $1.7 million on options, betting they would crash within 9 days, and made $270 million. The SEC said they would look into it but nothing ever came about, yet they are known to travel internationally to investigate insider trading from a $2000 profit. The article below explains how all the investment banks ganged up on Bear Sterns toward the end and colluded them into bankruptcy, and through many tactics resulted in consolidated financial and political power during 2008. Of course they are equally to blame in the crash, but these psychopaths are extremely intelligent, and their collusion knows no bounds. + +I’d recommend reading the full article here: [Wall Street’s Naked Swindle - Rolling Stone](https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/) + +Some excerpts below. + +On Tuesday, March 11th, 2008, somebody — nobody knows who —made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — “like buying 1.7 million lottery tickets,” according to one financial analyst. But what’s even crazier is that the bet paid. + +At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history. + +The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or… + +Or what? That this was a brazen case of insider manipulation was so obvious that even Sen. Chris Dodd, chairman of the pillow-soft-touch Senate Banking Committee, couldn’t help but remark on it a few weeks later, when questioning Christopher Cox, the then-chief of the Securities and Exchange Commission. “I would hope that you’re looking at this,” Dodd said. “This kind of spike must have triggered some sort of bells and whistles at the SEC. This goes beyond rumors.” + +Cox nodded sternly and promised, yes, he would look into it. What actually happened is another matter. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. “I’ve seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000,” says Brent Baker, a former senior counsel for the commission. “But they did nothing to stop this.” +The SEC’s halfhearted oversight didn’t go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode. +Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff of history, both undeniably got a push —especially in the form of a flat-out counterfeiting scheme called naked short-selling. + +That this particular scam played such a prominent role in the demise of the two firms was supremely ironic. After all, the boom that had ballooned both companies to fantastic heights was basically a counterfeit economy, a mountain of paste that Wall Street had built to replace the legitimate business it no longer had. By the middle of the Bush years, the great investment banks like Bear and Lehman no longer made their money financing real businesses and creating jobs. Instead, Wall Street now serves, in the words of one former investment executive, as “Lucy to America’s Charlie Brown,” endlessly creating new products to lure the great herd of unwitting investors into whatever tawdry greed-bubble is being spun at the moment: Come kick the football again, only this time we’ll call it the Internet, real estate, oil futures. Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class. + +What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it. + +This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year’s catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama �� elected amid promises to clean up the mess — filling his administration with Bear’s and Lehman’s conquerors, bestowing his papal blessing on a new era of robbery. + +Then, on March 11th — around the same time that mystery Nostradamus was betting $1.7 million that Bear was about to collapse — a curious thing happened that attracted virtually no notice on Wall Street. On that day, a meeting was held at the Federal Reserve Bank of New York that was brokered by Fed chief Ben Bernanke and then-New York Fed president Timothy Geithner. The luncheon included virtually everyone who was anyone on Wall Street — except for Bear Stearns. + +Bear, in fact, was the only major investment bank not represented at the meeting, whose list of participants reads like a Barzini-Tattaglia meeting of the Five Families. In attendance were Jamie Dimon from JPMorgan Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers and John Thain, the big-spending office redecorator still heading the not-yet-fully-destroyed Merrill Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup; Stephen Schwarzman of the Blackstone Group; and several hedge-fund chiefs, including Kenneth Griffin of Citadel Investment Group. +Binance(through CZ) was the company that said that users should get their funds off exchanges. They claimed customer assets are fully backed on Binance. They said you shouldn't trust (other) exchanges and championed proof of reserves. Then they published their proof of reserves *article* on 10th November at about UTC 13:00:00 or 1PM UTC (the actual snapshot taken earlier obviously) . But **only 20 hours** after publishing, Binance moved 2.7 Billion USDT to another wallet. This wallet is not disclosed or tagged as a Binance wallet and not present in their "Proof of Reserves" publishing. + +&#x200B; + +[Transfer Out of 'Proof of Reserves' Wallet](https://preview.redd.it/dd1yvaxnzi0a1.png?width=1279&format=png&auto=webp&s=9c7c5d1a8cb03b83dceecd45089068521dd1cc08) + +Then **only just yesterday**, 200 Million tokens were transferred back into a disclosed Binance wallet leaving around 2.5 Billion Tether left in the new undisclosed strange wallet. + +&#x200B; + +[200M from strange wallet transferred back into official Binance Wallet](https://preview.redd.it/5eghzjbm0j0a1.png?width=1279&format=png&auto=webp&s=813b7fb832d88a884f382599a616022685ec093e) + +&#x200B; + +[2.5 Billion still sitting in strange undisclosed wallet](https://preview.redd.it/2elm78iszi0a1.png?width=1316&format=png&auto=webp&s=8c804a4894c5bf193769edc4021f51b3213b7b82) + +There are also some additional funds missing from other wallets in their proof of reserves snapshot. The second Tron Binance wallet is missing around 2.4 Billion and the third is missing 500 Million(screenshots in Appendix). The bulk of these funds seem to have went missing on the 14th Nov. + +. + +In the case of the second and third wallets, at least these funds *might* be explained by users actually withdrawing although this can be up for debate. Even then, there's no way to explain an exchange simple shifting billions in funds into some brand new undisclosed wallet in the case of the first wallet. And they did this **only 20 hours** after publishing their 'proof' of reserves snapshot. + +Sure, companies have the right to manage and store their funds in whatever way they like. They aren't bound to keep it in any particular wallet. But that begs the question, why not just disclose their new wallet with a simple addition to their published proof of reserves statement. Why not properly organize and manage their funds so that they wouldn't look shady making such transactions after the fact(of publishing reserves). Why not even post something as basic as tweet to provide transparency to users in all of the chaos we are experiencing now as the CEO tweets about things of much less significance. They should know trust in the space is at an all time low. But instead, users like me have to dig through tons of data to figure out something they could have easily disclosed. Shady as heck. Whether this is funny business they are engaged in or just management incompetence, either way it is not good at all. + +&#x200B; + +Appendix: + +[Proof of Reserves Wallets 2&3](https://preview.redd.it/0hl8pbyn3j0a1.png?width=785&format=png&auto=webp&s=535f61001c360a66a370259c49dd2c640dd1e120) + +&#x200B; + +[Wallet 2 Down to 3.35 Billion](https://preview.redd.it/ozxbrngt3j0a1.png?width=684&format=png&auto=webp&s=05abcca560d21d9c03ce22c232b497c2389b5fd3) + +&#x200B; + +[Wallet 3 down to 1 Billion](https://preview.redd.it/dr6a4inq3j0a1.png?width=689&format=png&auto=webp&s=f188d834ace7d0b86bc66546b4a39d752fc8dc3e) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm posting this comment that I made on a different post because I think it's important. The targeted attacking of individuals on this sub needs to stop because it's an absolute distraction and quasi witch hunt. Have you guys noticed how all the OG DD authors have gone dark!? It's because they get attacked every time their TA or research misses mark. We are up against some of the most intelligent people in the world with near unlimited resources. This is not going to be easy. + +We need to identify and ban Shills, YES! But we need diversity when it comes to research and educating ourselves on the market. Many people that are attacking the "DD" group with anti-TA sentiment are people that have never offered an actual intelligent contribution to this sub. I would rather have a mountain of TA and DD that doesn't come to fruition than have a mountain of the same twitter screenshots or news articles or even stupid ass recycled memes. The quest for knowledge of the unknown will never end and will always include mistakes and missed projections. + +Additionally, people need to remember that the "enemy" is monitoring this site more closely than any of the loyal members on the site. As soon as we find a chink in the armor or a pattern, they will make adjustments to change the path so we can't follow it. That is absolutely what happened with the last two cycles that we followed in January and this month. November 3rd (3 weeks before the cycle end) and Jan 6th (after hours) experienced unusual price surges. I believe they settled early to throw us off the scent. Just keep buying, DRSing, and hodling. If someone doesn't want to DRS then that is completely fine. We are not a single minded group. We are a single group with a common interest; support our favorite stock and company! Be positive. Hope for the best and prepare for the worst. Our day will come when our company will take the throne! +(Intro): **I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four parts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +&#x200B; + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the** [**World Reserve Currency**](https://www.schwab.com/resource-center/insights/content/will-us-dollar-lose-its-reserve-status) **holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# Updated Complete Table of Contents: (Especially read parts marked with x) + +&#x200B; + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* [Part 1.5: Triffin’s Dilemma and the New Rome](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* [Part 2.0: Reflexivity and the Shadows of Black Monday](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [Part 2.5: Derivatives and the Alchemy of Risk](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [Part 3.0: Debt Cycles and Great Depression](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 3.5: The Money Illusion](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.0: The Weimar Republic](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.1: Nightmare of Hyperinflation](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.2: Financial Gravity & The Fed’s Dilemma](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* Part 4.3: Economic Warfare & The End of Bretton Woods (YOU ARE HERE) + +&#x200B; + +**If you haven’t already, PLEASE go back and read all prior posts. We’ll be referring heavily to concepts like Triffin’s Dilemma, Derivative Feedback loops, and Debt Supercycles throughout Part 4. I want to make sure everyone is on the same page as we delve into Part 4, the largest and most comprehensive section yet.** + +**NOTE!- this section will be almost exclusively focused on Triffin’s Dilemma and the structural issues with the Bretton Woods US Dollar Currency system, which are explained in depth in Part 1.0 and Part 1.5- make sure to read these two posts in entirety before continuing.** + +&#x200B; + +# “At World’s End” + +[Credit to Artemis Capital for Artwork](https://preview.redd.it/uhu30f6op7i81.png?width=1368&format=png&auto=webp&s=a21411de1a97397de798f555c3f49fd3f333e9d3) + +# + +# PART 4.2 “Economic Warfare & The End of Bretton Woods” + +# The Dollar as a WMD + +**Most Americans today walk around aware of the fact that they are a superpower. Military parades, fighter jet flyovers at football games, and clips showing American soldiers engaging enemy combatants are commonplace. However, what most Americans do not know, is the secret mighty Excalibur that the U.S. Government wields in order to achieve most of its ends- the Dollar itself.** + +**Since the end of WWII, many conflicts have been resolved through sanctions and negotiation, at the direction of the United States. In almost every case, the U.S. has used the Treasury and it’s control over the banking system, to effectively choke and strangle powerful opponents without ever firing a single shot.** + +&#x200B; + +https://preview.redd.it/jthi609vp7i81.png?width=1338&format=png&auto=webp&s=e5e66e7ead2afff06dc3f2a4cf138bd1009329cf + +&#x200B; + +**This system is best described by Joseph Wang, a former Senior Trader at the Federal Reserve’s Open Market Desk, in his book Central Banking 101 (page 98):** + +**“The Eurodollar system is offshore, but ultimately, all dollar banking transactions no matter the origin will have a link to the U.S. banking system. After all, offshore dollars would not really be dollars if they were not fungible with onshore dollars. The U.S. government has authority over the U.S. banking system, and by extension, over the offshore banking system.** + +**This implies that the US government has authority over virtually EVERY dollar transaction done through the banking system in the entire world. Let’s walk through an example to see how this works.** + +Suppose a bank in Kazakhstan named Kbank has a dollar loan business. Kbank makes a $1000 loan to its client and credits its clients account for $1000. The client then withdraws that $1000 to pay a supplier who banks with a US Bank (named Ubank). Kbank is going to have to settle a payment of $1000 with Ubank. + +**There are two ways it can do this:** + +1. **If it has a reserve account at the fed, then it can send Ubank a wire for $1000 in reserves OR** +2. **If it holds its dollars as a bank deposit at a U.S. Commercial Bank, then it will have to ask that commercial bank to send Ubank $100 in reserves.** + +**In the second case, Kbank’s commercial bank will send $1000 in reserves to Ubank while reducing Kbank’s deposit balance on its books by $1000. In either example, the transaction must go through the U.S. banking system.** + +**The U.S. government, through its control of the U.S. banking system, has the power to shut anyone out of the dollar banking system. If the U.S. government decides that someone should be sanctioned, then that person will not be able to receive or send dollars through banks anywhere in the world.** + +**Banks take these sanctions very seriously because if they are caught violating them, they may also be shut out of the U.S. banking system or SWIFT itself! (Part 1.5 discusses SWIFT). This would be a death sentence to any bank. In June of 2014, BNP Paribas (a French bank) admitted to helping Sudan, Iran and Cuba evade U.S. sanctions and move money through the U.S. banking system. They were forced to pay a breathtaking fine of $9 billion (**[**source**](https://www.reuters.com/article/us-bnp-paribas-settlement/u-s-imposes-record-fine-on-bnp-in-sanctions-warning-to-banks-idUSKBN0F52HA20140701)**).”** + +&#x200B; + +https://preview.redd.it/l4aclz65q7i81.png?width=933&format=png&auto=webp&s=21092072d3bf28223eef820d36fde16a18df8037 + +&#x200B; + +**See below for some more examples- and ALL of these are banks located outside the US:** + +&#x200B; + +[Deutsche Bank fined $258m for violating US sanctions](https://www.theguardian.com/business/2015/nov/04/deutsche-bank-us-sanctions-fine) + +[U.S. Indicts Turkish Bank on Charges of Evading Iran Sanctions](https://www.nytimes.com/2019/10/15/us/politics/halkbank-turkey-iran-indictment.html) + +[Standard Chartered to pay $1.1 billion for sanctions violations](https://www.reuters.com/article/us-stanchart-sanctions-settlement-fed/standard-chartered-to-pay-1-1-billion-for-sanctions-violations-idUSKCN1RL1TV) + +[Report: Bahrain bank helped Iran evade sanctions for years](https://www.mercurynews.com/2018/04/03/report-bahrain-bank-helped-iran-evade-sanctions-for-years/) + +&#x200B; + +(The list continues on and on. Again, these are ALL FOREIGN BANKS- the US technically has no jurisdiction here! This was elaborated on in a book called “[Treasury’s War](https://www.amazon.com/dp/B06XCGB364/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)” by Juan Zarate, a former senior Treasury official and architect of modern financial warfare) + +**This may not seem a big deal on the surface- these countries are enemies of the United States, right? But this demonstrates how US policy can overrule the policy of sovereign nations such as France. France had no such sanctions against these countries- but the US Treasury Department can effectively force French banks to follow American guidelines!** + +**Imagine if China had this power- and demanded that Canada could not trade with Taiwan, cutting both countries off from the international monetary system if they did so.** + +**To many foreign officials, the US has become drunk with this power, and is using it to tyrannize other countries to follow American policy. (Again, I am not arguing in defense of countries like Iran, which have anti-democratic values, just demonstrating that the US has immense power over even Western countries and can effectively set their foreign policy FOR them)** + +**By sanctioning countries and cutting them out of the US banking system, the US can effectively send them back to the Stone Age. Iran, for example, now has extreme difficulty in settling currency for oil and gas contracts-** [**and has even defaulted to pricing it’s oil in gold in order to receive payment!**](https://www.reuters.com/article/us-iran-oil-payment/iran-to-accept-payment-in-gold-from-trading-partners-idUSTRE81S0GU20120229) + +Many other countries are chafing under this Dollar Dominant system: + +5/22/18- [US Sanction power may be reaching its limit, “response to Iran shows global economy won’t be bossed around forever”](https://www.bloomberg.com/news/articles/2018-05-22/u-s-sanction-power-may-be-reaching-its-limit) + +**“You f\*\*\*ing Americans”, the message read. “Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians?” - UK banker, 2012** + +5/28/18- [India says it only follows UN sanctions, not unilateral US sanctions on Iran](https://www.reuters.com/article/us-india-iran/india-says-it-only-follows-un-sanctions-not-unilateral-us-sanctions-on-iran-idUSKCN1IT0WJ?feedType=RSS&feedName=worldNews) + +5/9/18- [Australia and Japan still support Iran Deal](https://apnews.com/article/donald-trump-ap-top-news-malcolm-turnbull-japan-north-america-7769da33651a449196128dbdf1bcf48c) + +6/6/18- [Merkel warns of G-7 split over Trump’s “America First”, says World becoming “re-ordered globally”](https://www.bloomberg.com/news/articles/2018-06-06/merkel-warns-of-g-7-summit-split-over-trump-s-america-first) + +&#x200B; + +**The US, by controlling the World Reserve Currency (The Dollar), wields immense economic and financial power over most of the globe. However, this power corrupts and corrodes the host over time- and warning signs are beginning to appear signaling that America’s time as global economic hegemon may be coming to an end.** + +&#x200B; + +# The Unraveling of the Global Monetary System + +Before we continue, let us do a quick review of the essential paradox of Global Reserve Currencies- Triffin’s Dilemma, covered in depth in Parts 1 and 1.5. (Again, please go back and read these sections!) + +**In August 1971, after the closing of the Gold Window, the Dollar was officially off the Gold Standard. In the turmoil that followed, currency markets began to experience rapid volatility and signs of inflation began to appear. Many G10 countries began to worry about the Dollar’s sustainability as a world reserve currency.** + +**In a meeting of the G10 in late 1971 in Rome, US Treasury Secretary John Connally** [**famously quipped**](https://www.ipe.com/the-dollar-is-our-currency-but-its-your-problem/25599.article)**,** + +# “The Dollar is OUR Currency, but YOUR problem!” + +# + +https://preview.redd.it/7gmwubsjq7i81.png?width=299&format=png&auto=webp&s=c7112b19e234b91cdc6ebe5b259439180de077b5 + +&#x200B; + +**He was referring to Triffin’s Dilemma, and the unfavorable effects it would have on developing countries while boosting US economic and thus political dominance.** + +[The Triffin dilemma](https://en.wikipedia.org/wiki/Triffin_dilemma) or [Triffin paradox](https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx) is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global [reserve currencies](https://en.wikipedia.org/wiki/Reserve_currency). + +&#x200B; + +Quick recap: + +* Post WW2, the US Dollar became the World Reserve Currency (WRC), and thus was used as a “safe haven currency” by other central banks, and used as a settlement currency for international trade. +* This creates massive artificial demand for US Dollars and Treasuries, since these nations need them for trade and to hold in reserve in case of a crisis in their homeland (Thailand in 1997) +* This global demand for US Dollars means the US has to be a Net EXPORTER of Dollars. The opposite side of the trade of Dollars is Goods/Investments, and thus the US has to be a Net IMPORTER of Goods/Investments. +* This means the US HAS TO consume more than it produces, and receives more investments than it makes. Over time, this leads to a US surplus of debt and consumption, and a lack of investment and production. +* For example, Manufacturing jobs thus get transferred overseas, bolstering the economy of foreign countries (China) and weakening the host country (US). +* This loss of manufacturing means wage deflation/stagnation in US as domestic jobs disappear +* (Thus contributing to political polarization and economic dispair, rising rates of depression/suicide and drug abuse, homelessness) +* The artificial demand for Treasuries also lowers borrowing costs massively, inducing the US government to borrow and spend more than it otherwise would, creating fiscal deficits and unsustainable levels of debt. +* Eventually, the United States will reach a breaking point, where the manufacturing base is completely gone, and the debt levels are so high, that foreign creditors will not lend it money any more. +* When this happens, the Government’s only recourse is to either slash spending immediately (which will lead to severe recession) or print dollars, which will lead to rampant inflation. +* The Endgame is the replacement of the World Reserve Currency with a new one, which can cause horrible inflation, as the old WRC loses demand and all overseas dollars come back to the US to roost. + +(Below is a graphic of the results of US being a WRC holder from the point of view of a developing country, Liberia) + +&#x200B; + +https://preview.redd.it/03e74houq7i81.png?width=1432&format=png&auto=webp&s=3012e41da534af2a70acbac814af54e04f810d59 + +&#x200B; + +The Trade Deficit was mostly propped up in the 1950s and 1960s as Europe rebuilt after the carnage of WW2 and the US was able to be a manufacturing powerhouse. Global trade was mostly centered around the US, so the US did not need to really export dollars and the ill effects of Triffin’s dilemma. Post 1974, and the entry of the Petrodollar system, and Balance of Trade deteriorated significantly as global trade boomed and the US began to need to constantly export dollars (i.e. import goods / grow trade deficits). + +&#x200B; + +https://preview.redd.it/rkkmp0h3r7i81.png?width=684&format=png&auto=webp&s=f30576c41e9b5cbeb942ffb46c6353b8c298709b + +&#x200B; + +[Lyn Alden](https://www.lynalden.com/fraying-petrodollar-system/) summarizes the issue perfectly: + +“When most other countries run trade deficits, they eventually have a big enough currency devaluation so that their exports become more competitive and importing becomes more expensive, which usually prevents multi-decade extremes from building up. + +However, because the petrodollar system creates persistent international demand for the dollar, it means the US trade deficit never is allowed to correct and balance itself out. **The trade deficit is held open persistently by the structure of the global monetary system, which creates a permanent imbalance, and is the flaw that eventually, after a long enough timeline, brings the system down**.” + +**For those of us who follow monetary economics closely, omens of the death of the Dollar as WRC are beginning to appear.** + +We’ll start with Treasuries, the backbone of the Global Financial System. + +Remember, foreigners have to recycle their trade surpluses back in USDs in order to settle global trade and hold enough currency reserves in their Central Banks. Historically, they did so by buying US Treasuries, since these are considered “risk free assets” (See [Foreign Holdings of Federal Debt](https://fred.stlouisfed.org/series/FDHBFIN), below) + +&#x200B; + +https://preview.redd.it/u2irjrt8r7i81.png?width=1170&format=png&auto=webp&s=ae3789be86df4cba364f73735c5eb24a147e89d3 + +After the 2008 financial crisis, the US Government began borrowing heavily to pay for programs like TARP and increased unemployment benefits. The majority of this borrowing was backstopped by Foreign Creditors, who bought around 70% of the new debt issued (the Fed bought most of the rest). + +But, since 2014-2015, Foreign Creditors (Central Banks, FIs) began easing up on their purchases of Treasuries. So much so, in fact, that their holdings began to flatline, and there were no (or very low) net increases for several years. **This is surprising given the fact that the trade deficits were still increasing, so the US was still sending out more dollars into the world than it received!** + +**From 2018 to now, Federal Debt ballooned by a whopping $9T ($21T to $30T today), but foreigners only bought a measly 14% (1.3T) of it. Again, a drastic decrease from their buying patterns of prior years.** + +**So, this begs the question- if they aren’t lending the US Government, why? And where are their surplus dollars ending up?** + +**Answer: They’ve stopped lending to the US Government because of increasing worry of default risk. The US has taken on too much debt, and interest rates are too low to provide any sort of return.** + +**They still need to recycle their Dollar Surpluses effectively- one easy way to do this is to buy assets denominated in USD (equities, real estate, etc). So, they have started massively investing in American assets, as reflected by the Net International Investment Position (NIIP), shown below: (Credit to** [**Lyn Alden**](https://www.lynalden.com/)**)** + +&#x200B; + +https://preview.redd.it/n8ioqgvbr7i81.png?width=1364&format=png&auto=webp&s=2fd656ef42cd87cf60bf93503ef3f0c7bfb3c089 + +(The Net International Investment Position of a country measures how much foreign assets they own, minus how much of their assets that foreigners own, and the chart above shows it as a percentage of GDP. **As of this year, the United States owns $29 trillion in foreign assets, while foreigners own $42 trillion in US assets**, including US government bonds, corporate bonds, stocks, and real estate.) + +**This represents a negative 60% NIIP, and has fueled the creation of a massive stock and real estate bubble. All this massive investment has helped to boost economic growth in the past- however it also creates systemic risk.** + +**With foreigners owning so much of US assets, it means that a large proportion of wealth creation is being siphoned overseas, and doesn't recycle back into American communities. This contributes to wealth inequality globally, and in the US as well.** + +**Further, this creates the potential for a massive “rug-pull” on the American economy. If foreign investors began to lose confidence in the US economy, they could essentially begin a run on the Dollar. This would begin by massive sales of US Treasuries, but could spread to stocks and real estate, causing widespread deflation worse than 2008.** + +**The Fed would then be faced with the grim choice of either letting $42T of US assets be fire-sold into a New Great Depression, or ramp up Quantitative Easing to buy the assets on sale- untold trillions of dollars would need to be printed. This would make the current QE program look like a joke in comparison.** + +**(Again, this is a worse-case scenario; I am not asserting that it will happen, but an event like this could be one of the triggers for much worse inflation, and indeed, potential hyper-inflation.)** + +Many of these countries do not *necessarily* *want* to invest in US assets, especially Treasuries- but they are *forced to* due to the structure of the system and the fact that there just isn’t any good alternative (for now). + +**For countries that are geo-political rivals of the US, this system is an extremely potent force to help the US maintain status as an economic superpower. This was put best by Charles Duelfer, quoted in the book Mr. X Interviews Volume II (page 87):** + +&#x200B; + +https://preview.redd.it/oq40hooir7i81.png?width=862&format=png&auto=webp&s=32c8ffa0901f5feffff64c35c0f7eb704ca7cd69 + +**These rivals, particularly Russia, China and Iran, have been hurt the worst by US sanctions and economic warfare. They are also at the forefront in trying to displace the Dollar as WRC in order to strip the United States of it’s “**[**exorbitant privilege**](https://en.wikipedia.org/wiki/Exorbitant_privilege#:~:text=The%20term%20exorbitant%20privilege%20(privil%C3%A8ge,purchased%20in%20their%20own%20currency.)**” (Per Part 1.5).** + +&#x200B; + +**See the below links for reference:** + +**8/14/14-** [**Putin says USD monopoly in global energy trade is damaging economy**](https://www.reuters.com/article/ukraine-crisis-putin-dollar/putin-says-russia-should-aim-to-sell-energy-in-roubles-idUKL6N0QK3BP20140814?edition-redirect=uk) + +**11/26/10-** [**Putin: It’s quite possible Russia could join EU currency zone, create currency that would eclipse the USD**](https://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.html) + +**6/1/15-** [**Russian Oil Giant Gazprom begins selling oil to China in renminbi (CNY) rather than dollars**](https://www.ft.com/content/8e88d464-0870-11e5-85de-00144feabdc0) + +**6/24/15-** [**China likely to get nod for CNY gold fix soon, could compel foreign suppliers to pay in CNY**](https://www.reuters.com/article/idUSKBN0P40D520150624?irpc=932) + +**9/14/17-** [**China aims for dollar-free oil trade**](https://asia.nikkei.com/magazine/20170914/Business/China-aims-for-dollar-free-oil-trade) + +**10/11/17-** [**Saxo Bank: USD reserve status at risk as China begins to de-dollarize**](https://www.cnbc.com/2017/10/11/the-us-dollar-may-be-at-risk-as-the-global-reserve-currency.html) + +**10/14/17-** [**The petrodollar system is being undermined- Barrons**](https://www.barrons.com/articles/the-coming-renaissance-of-macro-investing-1507957012?mg=prod/accounts-barrons) + +**11/20/13-** [**PBOC (Central Bank of China) says no longer in China’s interest to boost FX reserves (aka buy USDs)**](https://www.bloomberg.com/news/articles/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves) + +&#x200B; + +https://preview.redd.it/f8gni9mur7i81.png?width=1348&format=png&auto=webp&s=8a2bbe98b274a705f2f45d2e5fe82eea18ba4cbf + +&#x200B; + +**9/12/17-** [**US Treasury Sec Mnuchin threatens banning China from “dollar system” (SWIFT)**](https://www.bloomberg.com/news/articles/2017-09-12/mnuchin-threatens-financial-sanctions-on-china-over-north-korea) + +**8/24/17-** [**Saudis may seek funding in CNY (Chinese Yuan)**](https://www.reuters.com/article/us-saudi-china/saudis-may-seek-funding-in-chinese-yuan-idUSKCN1B413R) + +**2/16/16-** [**Chinese general says contain the US by attacking its finances**](https://www.theepochtimes.com/chinese-general-says-contain-the-united-states-by-attacking-its-finances_1967150.html) + +**These countries aren’t alone- as we covered in the beginning, even allies such as the UK, India, Germany, and others are tired of being exploited by this system.** + +**The Exorbitant Privilege created by Triffin’s Dilemma means that these countries have to work hard to produce goods, which are swapped for Dollars (which we can print out of thin air). They then have to exchange these Dollars for US assets instead of investing in their own countries.** + +**We get cheap goods and cheap debt, fueling our overly consumerist culture- while they get more inflation and less investment in their own economies.** + +**\~\~** + +**However, the ill-effects of Triffin’s Dilemma are building up and corroding the very system which provides the US with so much economic dominance.** + +**In 2014/2015, on a Net basis, Global Central banks stopped buying US Treasuries. Essentially, they decided to stop funding growing US deficits, which means that now the US is on the hook for any new spending our government incurs. (**[**Credit to Luke Gromen for chart below**](https://fftt-llc.com/)**:)** + +&#x200B; + +https://preview.redd.it/l4kp2784s7i81.png?width=1132&format=png&auto=webp&s=598bcf8f89930f6533e1a2a7df8ad89c2dad92e6 + +Since there is no (or very little) new lending coming into the US from Global CBs, we had to source it ourselves. **This began with structural changes to Money Market Funds and Bank Capital Requirements (Basel III, Dodd-Frank) that FORCES MMFs and Banks to buy Treasuries for their Balance Sheets. (**[**Expansion of Government MMFs, covered in my DD on RRPs here**](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)**)** + +**The amount of funds managed by Government MMFs doubled from $0.8T in 2014 to $2.1T in 2016 and then $3.9T by 2020. These MMFs almost exclusively bought short maturity Treasuries (called T-bills), essentially becoming a new large lender for the US Government.** + +**However, there was only so much money in the money markets for this, so it would only buy a limited amount of time. Beginning in March 2020, the Federal Government began massive fiscal expenditures to prop up the economy and deal with the fallout from Covid-19.** + +&#x200B; + +https://preview.redd.it/8sf4h7yes7i81.png?width=713&format=png&auto=webp&s=5ddb3032de8819f4666057fdc40c196e826b11b5 + +***Source-*** [***Bianco Research***](https://www.biancoresearch.com/visitor-home/) + +**This time was different- since Global CBs were no longer lending en masse to the US, we had to print the difference. The Fed had to step in and backstop the Treasury. US fiscal deficits, which “hadn’t mattered” for 40 years, now began to matter!** + +**Foreign CBs barely increased their Treasury holdings, and to ensure the US Govt wouldn’t go bankrupt, the Fed had to print trillions of dollars to buy up all the new debt being issued (**[**source**](https://fred.stlouisfed.org/series/TREAST)**).** + +**“That’s not exactly how the “global reserve” currency is supposed to work. It’s like a restaurant chef eating her own cooking more than her customers do. This is what other non-global-reserve countries look like. Within one year, the Fed went from owning half as much Treasuries as foreign central banks combined, to more than them combined.”- Lyn Alden** + +**In 2008, when the Fed did this, the money had stayed in the banking system due to the nature of QE (covered in Part 3.5). However, now it was the US Government and indeed the entire US economy that needed to be bailed out, so that is where the dollars had to flow.** + +**This led to a massive influx of dollars into the real economy, and thus the recipe for a large surge in inflation in the coming years. So far, it looks like we are seeing this play out in real time, as January 2022 CPI came in at a blazing 7.5%!** + +**With fiscal deficits running at** [**$2.8T in 2021**](https://bipartisanpolicy.org/report/deficit-tracker/#:~:text=The%20federal%20government%20ran%20a%20deficit%20of%20%242.8%20trillion%20in,revenue%20increases%20outpacing%20expenditure%20growth.)**, and foreign CBs only financing 14% of it, that means there is $2.4T of Treasuries that need to be bought- the Fed will likely have to print all of it.** + +**Thus, the Fed will likely have to print around $2.4T, every year, for the foreseeable future. Inflationary feedback loops, discussed in Parts 4.0 and 4.1, will kick in, and these figures will grow. The Fed will have to print more and more just to keep the US Govt afloat.** + +**All the borrowing of the past is coming back to bite.** [**Officially, just a few weeks ago, US Debt hit $30 Trillion**](https://www.nytimes.com/2022/02/01/us/politics/national-debt-30-trillion.html)**! This doesn't include the $5T of liabilities that the US Government owes to itself or the** [**staggering $162 Trillion in unfunded liabilities**](https://alec.org/article/americas-national-debt-a-rendezvous-with-reality/)**!** + +&#x200B; + +https://preview.redd.it/3gab667ns7i81.png?width=1104&format=png&auto=webp&s=4e455cc11f1605d1a26ca60f0b9bb272d671aaf4 + +&#x200B; + +(Unfunded liabilities refers to payments that the US has promised to make, such as Social Security, Medicare, Medicaid, pensions. Technically, this isn’t classified as debt, but it is a promise from the US Govt to give future $$- where will this money come from?) + +**At $30 Trillion, a 1% increase in interest rates means an additional $300B in interest payments annually that must be paid. Who will lend the Treasury this money as the Gov’t continues to dig its own grave, and inflation rates rise above 7%?** + +**Answer: The Lender of Last Resort- the Fed** + +**It is no surprise therefore that cognizant leaders in foreign countries see the writing on the wall and have begun to pull support for USD. Would you want your countries' currency being invested in a “global reserve asset” that is losing 7.5% of its value (more like 15%) every year, and is projected to lose even more as the debt payments come due?** + +**A 2017 paper published by the Bank of International Settlements called “**[**Triffin: Dilemma or myth?**](https://www.bis.org/publ/work684.pdf)**” restates the core issue perfectly (summarized):** + +&#x200B; + +https://preview.redd.it/p9f4fr3us7i81.png?width=738&format=png&auto=webp&s=938b02d436472dc94ad6de3943d2938c67e2ddea + +**The elites understand this issue perfectly- but the reason the system did so well for so long is that the US debt levels were manageable, and there were structural advantages the US had that helped it immensely (deep and liquid bond + stock markets, large population, large % of global trade)** + +**But they also understand that Triffin’s Dilemma is the final nail in the coffin- it has meant that every country has lasted as WRC holder for an average of only 80 years!** + +**To put it another way, the host country (US) has to decide to either not print $$ and import goods, which halts global trade (not enough $$ to settle trade)** + +**OR** + +**It has to decide to run current account deficits (to keep the global economy running) at the expense of burying itself in debt, eventually having to print their way out (which will kill the USD as WRC holder).** + +**This has happened before to Portugal, Spain, Britain- all colonial empires, who saw their might stripped from them as they devalued their currency and lost economic hegemony.** + +**I noted this to a colleague-** + +**“This system also hands China a nuclear option- they now have a massive hoard of over $1T of Treasuries. They have their finger on the button. If they dump them all, they would bring on Armageddon in the bond markets, and force the Fed to print another Trillion or so, perhaps scaring other countries to start dumping their bonds, which would force the Fed to print Trillions more. It would be all out economic warfare.”** + +**He rebutted- “The Chinese wouldn’t do that. It would harm their own economy, that would be tantamount to shooting themselves in the foot”.** + +**I replied- “But their foot is placed against our head”** + +&#x200B; + +# Smooth Brain Overview + +1. Triffin’s Dilemma creates Artificial Demand for USD, propping up value +2. US exports Inflation to poorer countries +3. Move of Manufacturing Base from Importers (US) to Exporters (China) +4. This creates wage deflation in US- stagnant wages for US workers +5. Massive build up of Debt in WRC holder (US) +6. Build up of dollars in overseas bank accounts (Eurodollars) +7. Increasing levels of debt and inequality in WRC (US) as corporate profits soar and wages flatline +8. Eventually, the manufacturing base is gone, debt levels are too high, which forces the US to print $$. +9. This causes global inflation, and foreign countries don’t like seeing their hard earned Yen or Pounds being transferred into a currency being printed to oblivion. They stop lending to the US. +10. The Fed now has to print even MORE $$ to keep the US Govt afloat. +11. Inflation problem gets worse. #9 and #10 Repeat in a vicious cycle. +12. Change of WRC, which causes depression in holder (Britain in late 1920s) + +&#x200B; + +# Conclusion + +Most Americans today are unaware of the great benefits and might bestowed upon them due to the US being the holder of a WRC. Drunk with power, Presidents from Nixon to Obama have started and continued large scale “forever wars” in Vietnam, Iraq, Afghanistan, and Yemen. + +**Post Bretton Woods, the US has become an Empire, and has essentially created financial colonies in most of the Third World- by forcing them to use US dollars, these countries subordinate their economies to support the value of the dollar, allowing the US to borrow and spend recklessly without immediate consequence.** + +**Further, by using USDs, these countries’ banks are routed through the US banking system and are thus subject to US Foreign policy, even policies that are not supported by the United Nations. The US can essentially extend its jurisdiction over much of the global economy, and cut off trade for those countries who protest.** + +**But this power comes with a cost- by exporting jobs, wages deflate across the US and wealth inequality worsens. Political polarization quickly follows, along with the destabilization and corruption of Institutions.** + +**The drums of Economic Warfare have begun to beat. China and Russia are bristling for conflict. Can the United States survive the onslaught?** + +**The Endgame Approaches. No Empire lasts forever.** + +&#x200B; + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR “AT WORLD’S END” + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD)** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +&#x200B; + +# You can follow me on Twitter u/peruvian_bull. I also have a Medium account [here](https://medium.com/@peruvianbull) + +All other accounts are impersonators/scam accounts. I will never ask for personal information, nor solicit or offer financial advice. +Currently have my portfolio set up roughly like this: + +XEQT 50% +VFV 10% +TEC 10% +TD 5% +ENB 5% +BAM.A 5% +CNR 5% +T 5% +BTC 2.5% +ETH 2.5% + +I’m in my mid 30s and looking for long term growth since it’s money I probably won’t need for the foreseeable future. +Ok I’m 17 and live in a very toxic household (not gonna go into detail) and want to try to move out at 18 in six months, my goal is to be an electrician as an apprentice I’ll be making around 35k a year, I know a girl who moved out making 20k so it’s very possible (she live in a low income apartment and cuts a lot of corners) I know it’s different every where but would love advice +I've tried posting this in two other subreddits and the automods have instashilled the post. Any advice is appreciated + +As the title suggests, I voluntarily work 80 hours a week at 23 years old. I want more out of my time while I work and was wondering if anyone has any ways of making money while I'm at work making money. I'm in the stock market already, but I'm always looking for good investments if anyone has any suggestions + +Those 80 hours are split between three jobs + +One as a plumbers apprentice 7a to 330p mon thru Fri (40) + +Second as a daycare person, cleaner and front desk attendant at a gym 430p to 730p or 9p mon thru Fri and some scattered hours sat and sun + +Third as a security guard 1030p to 230p (one 16 hour shift) Fri night to sat evening + +I want the "most bang for my buck" and feel there's ways I'm missing out on during my shifts. I don't plan on working past 40 if I can help it + +I don't drink, don't smoke, and other than some credit cards and a truck payment I'm mostly debt free +i wanna get some money to upgrade my pc setup and just start buying my own stuff i don't have a car or anything and this is overall just a tough spot for me +My friends and I have been playing this what if all week and after much deliberation be have decided we have no idea what to do with it. It's not enough to do anything spectacular really, but it's not pocket change either. +TIA + +Everyone here seems to have a good grip on the current career/job climate when it comes to tech. Which leads me to this question. + +Are there any fields that will emerge in the next 5-20 years that don't involve some form of tech? I think the answer is no, tech is here to stay and even if the emerging industry isn't directly in tech it will still rely on it heavily (Space exploration, climate science, etc.) + +Thoughts? +I was looking at Vanguard Information Technology (VGT) holdings this afternoon, and was shocked to find that although there are 331 companies in this ETF, 36% of the entire fund consists of just two companies: Apple and Microsoft. See here: [https://investor.vanguard.com/etf/profile/portfolio/VGT/portfolio-holdings](https://investor.vanguard.com/etf/profile/portfolio/VGT/portfolio-holdings) + +The reason that I invest in ETFs is to diversify my holdings of equity securities. I've been tossing a few dollars into VGT since last year, under the assumption that since it's an ETF, my investments will be broadly diversified across the information technology industry. So here are some questions I now have: + +1. Is this dramatic skewedness toward just one or two companies unusual in an ETF? +2. Does anyone care to explain why such a skewness is justified in this case? +3. What are some technology ETFs that better balances the exposure to each company in the fund, but also have near-zero expense ratios? +It's no secret that this sub would be obviously infiltrated by bots or people trying to spread certain FUD. Now I love GME more than my family, but I have to say I think dismissing the possibility of basket swaps and how this ties into GME especially with Ryan Cohen referencing it so goddamn much. Isn't it a little stupid to not at least dig a bit? I'm not saying lock the float or buy it, research first. I don't care what the SEC says, we research here apes. In the meantime DRS HODL (none of this is financial advice.) + + +Edit: see what I mean? Massive downvotes and negative sentiment. Most being that this is a GME sub. So let me spell it out for you guys. Ryan Cohen = GME chairman. Chairman tweets get posted here. Chairman tweets BBBY multiple times. Also bought loads of BBBY. But we're not supposed to look into it or talk about it? At least admit the huge pushback with BBBY is fucking sus. Reminds me back when DRS was downvoted and hated on for a while. Not saying anything is here, just let's look and be sure because Wrinkles are needed here. + + +Edit 2: I want to urge anyone reading this again to please look at this post and read the comments. Something is not right. I know it sounds crazy but this isn't normal and is inorganic. I don't ever remember a simple discussion being so "divisive" especially when RC is heavily involved with it. At least not in a long time or since DRS was backlashed. I've been commenting vigorously to show their arguments against a little more digging are shallow at best. Stay vigilant / stand your ground / think for yourself. DRS HODL. I'm with you. I just want to go to Uranus and our DD isn't done. Last I checked I'm not a millionaire and we haven't won yet. To think we have all the pieces to this puzzle is honestly asinine. +This is an update from my post last week, which can be found here: https://old.reddit.com/r/Superstonk/comments/nhyzk0/been_waiting_for_this_opportunity_trade_fuckery/ + +Ok, this morning's first 15 minutes was a pretty good control sample, as it shows a big price push down, bouncing off $180, then passing it, then beginning the push down again: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|9:31|62017|47494|14523|23.4177725| +|9:32|35201|21588|13613|38.6721968| +|9:33|15957|7631|8326|52.1777276| +|9:34|18425|11042|7383|40.0705563| +|9:35|25073|14704|10369|41.3552427| +|9:36|22255|11749|10506|47.2073691| +|9:37|17498|11244|6254|35.7412276| +|9:38|28760|15725|13035|45.3233658| +|9:39|23932|14480|9452|39.4952365| +|9:40|14076|6563|7513|53.3745382| +|9:41|32794|26629|6165|18.7991706| +|9:42|48134|32105|16029|33.3007853| +|9:43|28487|18950|9537|33.4784288| +|9:44|14718|7487|7231|49.1303166| +|9:45|13919|7091|6828|49.0552482| +|**Total for window**|**401246**|**254482**|**146764**|**36.5770625**| + +This is about on par with what we saw last week, with just under 37% of the trades vanishing after refresh. So I decided to hit up a stock with a lot higher trade volumes to compare numbers, Apple ($AAPL). Here's the window between 10:01-10:15 + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|10:01|252081|240725|11356|4.5049012| +|10:02|320787|276759|44028|13.7249951| +|10:03|199885|172327|27558|13.7869275| +|10:04|175573|169053|6520|3.713555| +|10:05|150771|133583|17188|11.4000703| +|10:06|175718|164578|11140|6.3397034| +|10:07|199828|184506|15322|7.6675941| +|10:08|129564|116786|12778|9.8623074| +|10:09|106396|96046|10350|9.7278093| +|10:10|203350|179306|24044|11.8239489| +|10:11|167812|153704|14108|8.4070269| +|10:12|162080|148363|13717|8.4631046| +|10:13|346861|318963|27898|8.0429913| +|10:14|347597|307469|40128|11.5444034| +|10:15|208156|188038|20118|9.6648667| +|**Total for window**|**3146459**|**2850206**|**296253**|**9.4154413**| + +So, as you can see, there are still corrections... but significantly less so, by percentile. However, one has to acknowledge the possibility that the low trade volumes of GME are making a theoretically "standard" number of corrections per minute seem more statistically intense. So I found a stock with significantly LESS trade volume than GME, Costco ($COST). Here are the results from 10:31-10:45: + +|**Time of Candle**|**Trades on ATP**|**Trades after Refresh**|**Difference**|**Percentage Reduced**| +:--|--:|--:|--:|--:| +|10:31|7027|3284|3743|53.2659741| +|10:32|5578|2600|2978|53.3883112| +|10:33|3921|1700|2221|56.6437133| +|10:34|5073|2954|2119|41.7701557| +|10:35|2049|1000|1049|51.1957052| +|10:36|3167|1912|1255|39.6274076| +|10:37|1420|648|772|54.3661972| +|10:38|1720|645|1075|62.5| +|10:39|1249|100|1149|91.9935949| +|10:40|1477|652|825|55.8564658| +|10:41|1760|200|1560|88.6363636| +|10:42|2420|1056|1364|56.3636364| +|10:43|3190|2000|1190|37.3040752| +|10:44|1459|651|808|55.3803975| +|10:45|2905|1600|1305|44.9225473| +|**Total for window**|**44415**|**21002**|**23413**|**52.7141731**| + +This is extremely low trading volume, and it seems to support the idea that the lower the trade volume is, the more likely the refresh is to be significantly different than the live data (holy shit, 10:39). But now I have entirely new questions, primarily, why are these always balancing down? There was one minute candle for GME last week that went up. If this were theoretically the effect of balancing trades and settlement from minute to minute, one would assume that the trades would come to roughly even over a segment of time (i.e., one minute lower than displayed live, one minute higher, etc.). So what the fuck is going on with HALF of the trades on this stock? + +At this point, I'm really begging someone else with more trade settlement and reporting API infrastructure knowledge to let me in on what the fuck is going on here. I understand that there is expected to be some difference in accuracy between free trade tracking apps and a bloomberg terminal, but if the statistics that we retail traders are getting are off by *LITERALLY HALF,* how are we supposed to make any reliable trades? How is it possible that the trade volumes even on something as enormous as AAPL can be off by almost 10% as an average? *WHERE ARE THE FUCKING TRADES GOING?* + +Edit: Clarity. +After a two-month reduction in China's air pollution due in part to the January and February coronavirus restrictions, new data from Copernicus EU demonstrate the rise of nitrogen dioxide emissions in March as life begins to resume for the country. + + +>https://twitter.com/i/events/1240688520382926850?cn=ZmxleGlibGVfcmVjc18y&refsrc=email + +- + +We should see US recovering no later than June. May be as earlier as May/Apr. Cross finger. +Hey everyone,5 years ago I worked for a Hedge Fund Company. If needed I prove it to mods.It is not as easy as it is usually described. The atmosphere is tensed/stressed very often. Greater profits are usually based on luck and it's very important to have good connections to other institutions. + +Personally I hodl 335 shares and it grows every day. I think there needs to be a special constellation in life that makes you enjoy this GME ride. Money simply gets shifted from one account to another in the long run. So despite knowing strategies with a decent Sharpe Ratio I still want the financial market to revolutionize. The financial sector has simply become a fat, greedy eyesore. It does not produce anything, it just searches for victims.And the victims are the uncoordinated small investors usually of younger age. They are impatient, inexpierienced and have no important relationships to very profound investors usually. + +The GME Saga however is an historic unique situation. There will be no 2nd stock like GME in this decade, because the financial markets will be regulated and be prepared for next time.Buy and Hodl and enjoy your well deserved MOASS. + +PS1: Do not expect it to a straight road ... it will be a very bumpy one. +PS2: Let GameStop become your amazon for electronic gaming equipment. (Or clothes or whatever). +A strong company that is supported by a large group will chase shorts away! + +\--- edit1: --- + +thank you very much for the awards! I love them! + +As there were already some comments about buying / selling and also questions about myself. I would like to add the disclaimer to be on the safe side:I am not a financial advisor. Do your own research before buy/sell. + +\--- edit2:--- + +fixed typos. +I've been watching a few of the Davos 2018 panels recently and Bitcoin has popped up as a topic several times. Interestingly it's always the most well received topic. But in any case, an ECB executive board member was asked about Bitcoin, and here's he's answer. +https://steemit.com/cryptocurrency/@kjnk/a-central-banker-s-opinions-on-bitcoin +So, I was about to walk into a casino - no, the plagiarism stops there. That being said lets say Im a gambler (which I am) and I walk into the casino that is the NYSE (or so WSB thinks) and Bill Ackman says "Hey so... - actually lets stop this one here too, was getting too close to a bad sequel + +# What is the Kelly Criterion for Thetagang? + +so the Kelly Criterion is specific, in the case of the previous post it was "2 sequential bets" and what that means is that you can use the Kelly formula to compute the amount to bet **at each stage/bet.** Now, thats awesome, but who is placing only one bet when they're managing a portfolio at a time? in my case (since im a gambler) when am I just placing one bet at a time - im not. So where does this take us? + +**Kelly Criterion for Simultaneous Positions (those taken at a similar time) will not be the same as the individual Kelly Criteria** + +so this is the internet and you might not believe me, well, ill link an article written by [Ed Thorp himself](http://www.eecs.harvard.edu/cs286r/courses/fall12/papers/Thorpe_KellyCriterion2007.pdf) as well as include the following excerpt: + +[This is a mathematical proof that tldr says \\"The Kelly Changes for Simultaneous Independent Positions\\"](https://preview.redd.it/ek3u4wnxn3s61.png?width=2184&format=png&auto=webp&s=b92a0f9518b2f65d092135c61c29aca745183245) + +well, shit what do we do? do we ignore the Kelly Criterion if this does work?? The answer for me was actually to code the above proof generalized for many bets - basically the computer does the algebra and the optimization for what youre trying to find but more about that later + +# Well.. Im Confused, How does this apply to thetagang strategies? + +This is the key, and honestly something I do so maybe you'd find it useful - how can we find the relevant values to find the "Kelly Criterion" for stocks? Theyre not fixed payoff?? the answer - **Covered Calls and Covered Puts -** each of these acts as a "limit sell" or "stop loss" at a given price and so you know what your payoffs are - example time: + +How much should I place at a maximum on a pair of CC and CP? - just find your ROI to the CC strike, the ROI to the CP strike for each, and then estimate what you think the probability will be for each to happen! with this information, you have a simultaneous Kelly Criterion for each **given** that you are taking more than one position + +# Wait but this is not easy to calculate for many options/what exactly is the formula? + +This is what im sharing, I have been using [the code](https://drive.google.com/drive/folders/1UQtF0O8mh7rRTxajFcMROJ-rrjm-oxfR?usp=sharing) I created for a while and given that there seems to be interest in Kelly, I want to share the code here - now, this goes to the mods,[I am linking a web app](https://themathematicalbetslip.herokuapp.com) as I know that **coding is not accessible to all** and there is no reason that it cannot be made to be accessible - which is why I did exactly that as you can see in the photos below, you just need to put in your numbers and it does all the math for you - please ask for clarifications when necessary (I threw this together quickly so there will be bugs but if you just DM me there isn't anything we cant fix if its helpful to you) + +[So, I tried to make the labels clear, this is in the \\"Kelly Simultaneous Stocks\\"](https://preview.redd.it/rdparhl2v3s61.png?width=2598&format=png&auto=webp&s=d2847409d2e1322b2a40651b6677cdb78b6b1fa3) + +[These are the results for the CC CP case of target up 15&#37; and 16&#37;, target down 20&#37; and 21&#37;, with probabilities as shown.](https://preview.redd.it/t3mkk84qv3s61.png?width=1130&format=png&auto=webp&s=137074cf2fc95d4588062b94d805780bde9bf673) + +I am also [sharing the code](https://drive.google.com/drive/folders/1UQtF0O8mh7rRTxajFcMROJ-rrjm-oxfR?usp=sharing) here if there are people who want to sift through and implement it into strategies they have, really just here to try to share the resources ive created that pertain to a topic that people seem to find interesting! + +So basically, you now have a way to beat the dealer and I have no doubt you will! +I always find it weird when I see a pattern all of a sudden. When a certain type of post gets upvoted to the top, I always wonder who the hell is spreading the narrative. Could be harmless but my spidey-senses started tingling. Part of me started to feel like someone is trying to make us think the momentum is dying down. Maybe people are more zen but we are still going as strong as ever. I'm fully zen but still like to contribute and see some dank memes. If everyone were to get so zen that they never check the sub, the rate at which we uncover the bs slows down as well. It's as if someone wants us to look away. Not this guy! What are your thoughts? + [https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme](https://www.bloomberg.com/news/articles/2022-12-14/stock-trading-influencers-charged-with-114-million-fraud-scheme) + +Eight men who used social media platforms to promote stocks they owned were charged by federal prosecutors with engaging in a $144 million “pump and dump” scheme. + +Edward Constantinescu, known on Twitter as “@MrZackMorris,” and Perry Matlock, whose Twitter handle is “@PJ\_Matlock,” were among the defendants charged in an indictment unsealed Tuesday in federal court in Houston. + +Constantinescu and Matlock are co-founders of Atlas Trading, a stock-trading forum on the Discord social media platform. Constantinescu has more than 550,000 Twitter followers, according to the US Securities and Exchange Commission, which sued the eight men yesterday. Matlock has 340,000. + +The shares they hyped were in little-known companies including [GTT Communications Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/GTTNQ:US), [Surface Oncology Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/SURF:US) and [Universe Pharmaceuticals Inc.](https://archive.vn/o/rhUG5/https://www.bloomberg.com/quote/UPC:US), according to the indictment. + +Also charged were Thomas Cooperman (“Tommy Coops”) Gary Deel (“Mystic Mac”), Mitchell Hennessey (“Hugh Henne”) Stefan Hrvatin (“LadeBackk”), Daniel Knight (“Deity of Dips”) and John Rybarczyk (“Ultra Calls, “The Stock Sniper”). + +The case is US v. Constantinescu, 22-cr-00612, US District Court, Southern District of Texas (Houston). +Are you just starting out your independent life, and looking for financial advice on how to adult? Have we got a forum for you! Here's a collection of pointers to topics of interest to many 18-year-olds; the specifics pertain to the US in some cases. These are topics we get a lot of questions about in /r/personalfinance. + +If you don't see your favorite topic here (e.g. houses, retirement accounts, investments, etc), stay tuned for additional posts coming shortly, oriented towards 22-, 30-, and 40-year olds. (Here's [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/).) + +- To start out, you can benefit from [this article](https://www.reddit.com/r/personalfinance/wiki/teachme) with planning and education advice for those in high school, and recent grads. + +- The big change in your life at 18 [19 in Alabama/Nebraska] is you are now legally an adult for contractual purposes, so time to get [bank accounts](https://www.reddit.com/r/personalfinance/wiki/financialinstitutions) in your own own name, i.e. not with your parents. You want a savings account and a no-monthly-fee checking account. Small banks and credit unions typically have [better customer service](http://www.consumerreports.org/banks-credit-unions/choose-the-best-bank-for-you/). + +- You're not going to get rich off interest, sorry! But you can find better savings interest rates (1%!) at [online-only banks](https://www.nerdwallet.com/blog/banking/nerdwallets-top-high-yield-online-savings-accounts/). Put away savings as soon as you can, it's a good habit to get into, and starts your [emergency fund](https://www.reddit.com/r/personalfinance/wiki/emergencyfunds). We'll cover investments and retirement savings in future posts; with limited or part-time income, savings are a better bet for now. + +- You can apply for a [credit card](https://www.reddit.com/r/personalfinance/wiki/creditcards) once you have income. This is different than the debit card your bank will provide with your account. This has pros and cons, but is a reasonable move for many people. It's the best way to independently establish credit without paying interest. A [secured](https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-secured-credit-cards/) or [student](http://www.creditcards.com/college-students.php) card is probably your best option. Pay the balance in full every month! If you can't do that, then you are not ready to use a credit card. + +- If you need money to continue your education, learn about [student loans](https://studentaid.ed.gov/sa/types/loans). This is a complicated topic with many options. Be careful what you do here, since these loans [will be yours](http://blog.credit.com/2015/06/what-happens-if-i-ignore-my-student-loans-84434/) / your parents until they are paid off! People who find themselves [in trouble](http://www.usnews.com/news/articles/2015/06/08/heaviest-college-debt-burdens-fall-on-3-types-of-students) later usually took out bigger loans (~$100,000) vs. smaller loans (~$20,000). + +- For cost-effective education, it's hard to beat [community colleges](http://www.marketwatch.com/story/four-reasons-to-choose-community-college-2013-11-15). If you're not sure what to do about continuing your education, look into [two-year degrees](http://www.payscale.com/college-salary-report/majors-that-pay-you-back/associate), as well as taking credits that [transfer to four-year colleges](http://www.usnews.com/education/blogs/professors-guide/2009/09/16/10-tips-for-transferring-from-community-college). + +- You may find yourself working part-time or even full-time. This is a good time to learn about your [rights and responsibilities](http://www.nolo.com/legal-encyclopedia/employee-rights) as an employee, including [how you are paid](http://money.howstuffworks.com/wage2.htm) and [taxed](https://www.irs.com/articles/understanding-payroll-and-withholding-taxes), as well as what your employer can legally do with your hours and even when you can be let go. Fortunately, taxes are low for most young people (if only because their income is low...), and you may even get a refund if you file taxes! While your lifetime income is the single biggest determinant in your personal finance situation, at this age, your priority is not on current income as much as preparing for the future, thus the focus on education. + +- This is also the time to start learning about [budgeting](https://www.reddit.com/r/personalfinance/wiki/budgeting) if you have significant responsibilities; more on this in future posts. + +- If you want to save money, live with your parents as long as you can. Seriously! But there comes a time when you want to / have to leave, and you'll need to rent a place. Landlords will want to see that [you have income](http://www.myfirstapartment.com/2015/06/how-much-rent-can-i-afford-on-my-income-two-simple-ways-to-estimate/), so try to keep payments below [30% of your takehome pay](http://www.apartmenttherapy.com/how-much-rent-you-can-really-afford-renters-solutions-186462). You may need a co-signer if you have minimal credit history. You'll need first month's rent and a security deposit up front, and even utility deposits sometimes. Read your lease before you sign it, and know your [rights and responsibilities](https://www.ziprealty.com/buy/renters-rights.jsp) as a tenant, and what organizations can help you if you encounter issues. + +- Roommates are a popular way to save money on rent. Be aware of the issues that can come up with roommates though, since circumstances change, and you may be on the hook for their share. Have all roommates on the lease. You might even want a [roommate agreement](http://www.nolo.com/legal-encyclopedia/free-books/renters-rights-book/chapter6-2.html). Perhaps Sheldon Cooper has it right after all? Alternatively, consider renting a room from someone who owns their own house. + +- Aside from rent, cars are the biggest expenditure for many young people. You can save a [lot of money](https://www.nerdwallet.com/blog/loans/total-cost-owning-car/) if you don't need to pay for one! It's not just the purchase cost. There's gas, repairs, and especially [car insurance](https://www.reddit.com/r/personalfinance/wiki/carinsurance), which is [very expensive](http://www.carinsurance.com/Articles/cheapest-minimum-liability-insurance.aspx) for young people, typically at least $100/month, and can even be $200/month in some places, or if you have a tickets / accidents. + +- Your best bet if you do need a car is to save up $5000 or so for a [reliable used car](http://www.carsdirect.com/used-car-buying/best-5-reliable-used-car-models), then pay cash, so you can avoid finance charges and make your own insurance choices. If you do need to finance a car, be very careful of financing offers for young people. Double-digit interest rates are a Bad Thing. You do not want to "build credit" that way! The loan and the car are different things. You can't give back the car and be done with the loan, since you will typically be "[underwater](http://www.edmunds.com/car-buying/being-upside-down.html)" and owe more than the car is worth. + +- Choose your spending wisely. Money spent is unavailable for anything else. Make sure it was your highest priority use of that money. + +That's all for now. Stay tuned for the next installment, [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/), about more on these topics, as well as retirement accounts, repaying student loans, health insurance, and other such fun things. +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. +Hi Reddit! I’m 28 years old, make 150k a year, live in the US, and currently have 100k in savings. In August 2022 I plan to take a year off to travel, self-discover, and spend time with family abroad. What is the best way to optimize my $100k savings to work for me as passive income? + +Edit: fixed a typo +Suppose you're semi-fi and looking for a lower impact job to help sustain you. What are some tips/tricks to get such a job? Things like: + +* Do you really really tone back your resume to hide how over-qualified you are? +* Are you honest with prospective employers about why you're looking to "downgrade"? Or what reasoning do you give? + + +For context, I am an unemployed software developer who is 'grey-area-fi'. (To me, calculating exactly when I can personally become financially independent has been difficult. But I am probably fi.. probably.. The current market doesn't help though.) + +I've been unemployed for about 7 months, and it hasn't really been going that well to be honest. It seems like I may need some structure in my life to stay active. Thus, I am looking to go back to work but probably to something low-key, so to speak. + +BTW, I'm hoping to hear from people who've actually done this or are in the process rather than just those who are speculating. +When robbinghood halts trading when the MOASS begins, please don't spam this sub with your stupid ass shit posts saying HOW CAN THEY DO THIS AGAIN AND START CRYING HERE. + +You had 4 months to move out. You dint. +You totally deserve every penny that you will lose. + +They will not only halt trading but also close your positions without you having to do anything. + +I salute all the users who has switched to fidelity and the other respectable brokers not only going away from robbinghood but also moving away from margin accounts which so far has been a big time player in suppressing the real price though it might not be obvious in our eyes. + +Once again I repeat, do not for fucks sake post your tears in this sub and takeaway the good DDs and quality content that will be followed by MOASS soon. + +INFACT I CALL FOR A PETITION ON THE ABOVE FOR ROBINHOOD HOLDER TEARS POSTS TO BE REMOVED BY MODS ONCE MOASS HITS. +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 +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 +So, how long did it take you guys to come up with your own strategy and start trading with real money? And how long did it take you to actually earn a profit? Also, where did you learn? Youtube, blogs, etc. Trying to get started myself! +Been following him from the beginning. + +He has thru the year been slowly but steady starting to move away from "stonks" and putting a big focus on "boomer stocks" and crypt0. He is slowly trying to turn his "community" towards moving money from GME and A/M/C into whatever he is talking about. + +He is not even showing GME chart anymore, he has since the beginning been trying to make A/M/C the main "stonk". Last months this has been VERY obvious. + +When someone points this out, he gets into "rant mode" like a little kid. Clearly pushing his buttons hard. He is REALLY scared to loose his "youtube-career" or what I really suspect "shill-crypto balance". + +Been suspecting him from the start, he sounds fake. + +Just be aware and dont watch these "Youtube-careeere guys". + +Sry if im late to the party, maybe most of you all have figured this out earlier. + +EDIT; + +He got really mad about this post and ranted yeasterday. It was amazing to see and by looking at chat I suspect 98% are bots. They just spew shit like ”We trust Matt kohrs” and random sentences out of the blue, for a fake supportive look. Chat is non responsive overall. Bots. + + +Nice +https://twitter.com/thekidreturns/status/1475908157683687429?s=21 + +Nice +https://twitter.com/WallStWhales/status/1475884978122608640?s=20 + + +Matt is now saying Superstonk is TOXIC and people should read WSB instead. WTF... He is getting really triggere by all of this. + +These youtubers are dangerous, clickbait is dangerous. + I have a real-estate friend who went in and bought a multi-home with me a little less than 4 years ago. My friend is in real estate for a living, and I view him as successful at it. I live in the first floor of the unit and the second floor is rented out. We treat it as two separate units; my friend pays half the mortgage and takes the profit from the second unit. I pay the other half of the mortgage. + +My friend wants out of the multi-home. He simply wants capital for another project. + +I felt rushed with everything my friend was telling me. The first words he said was “do you want to live for free?” To buy them out, my friend advises I refinance and pull out money to give to him. He believed that I could refinance to a 30-year loan and the second floor would pay for the mortgage, “so I could live for free.” Through browsing, I realize their recommending that I use the BRRRR Method. In the moment, I felt like I was being asked to increase my debt, and the sales pitch made it seem like I was being scammed. He said he could walk me through the refinance, and he could teach me what he does for a living. + +We also started on different terms, in my head I thought they should receive the equity they accrued. My friend said they should receive the equity plus new evaluation. It’s only been four years, but we did buy the multi-home below value, so there would be some money involved with doing it this way. In my mind it seems fair, because if we sold the property it would be 50/50, and they would receive what they’re currently asking. + +My friend did say what they would receive was done freehand, and I noticed the equity they accrued was the mortgage payment, not the money paid to the principle. They also sent a screenshot of an excel sheet, instead of the spreadsheet, which I also am weirdly feeling slighted about. I felt like we walked away with my friend just thinking I’m an idiot. + +Last detail, I told my friend I don’t want to make a decision right away. I graduate with an MBA in May, and I am considering moving upon completion. If I stay in the area, yeah I wouldn’t mind buying him out. I find the multi-home successful. But I would rather sell the place (in May) if I leave. Maybe it is because my friend needs the capital, but they were telling me about how keeping the place would still be great to own because I would have a better debt-to-income ratio and property managers are reasonable in the area. I was able to punt until at least January (I said I needed a year and he said we will talk in January, ugh). + +ANYWAY, I need to get educated on the subject. As a non-expert, who already is feeling slightly scammed, I am foremost curious if what he offered is fair. Secondly, I wanted to get opinions who were removed from the situation. Lastly, who should I speak professionally about this? +Just for a bit of a discussion, what super scrimper things do you do or know other people to do? + +For example one of my colleagues uses one tea bag for two cups of tea (personally not for me as I like a strong brew)! I cut open tooth paste tubes as there is always loads in. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I sold CCs on my AAPL and MSFT at the beginning of the week. All I had was that and cash. Then I got super busy at work on Thursday and Friday and didn't check my stuff. Checked it just now and my entire account is just cash. + +I am scared to look at where they closed. +Is it just me who thinks the Metaverse can flop? + +Don't get it it twisted, I love games but I think the Metaverse can and most likely will flop. Virtual worlds do not appeal to me, especially to the extent that it sounds like it is going to. Some people are referring it to the "new reality" and the "next internet" but I just see it as a go at a overpriced VR game that nobody will pay for. + +The amount of money that will have to come out of this will have to be insane. With the amount of money put into this they would end up having to resort to selling thousand dollar gear and equipment used just to play in the Metaverse. And most likely along with a chunk of Crypto needed to start. The lack of need for a Metaverse will prove in people not paying the thousands of dollars to play this. + +I can also see a hard sell/dump in the 'Metaverse Cryptocurrencies' as the majority have been going up with hype, and I feel the Metaverse will be a lengthier process than the average holder thinks, which will possibly result in them becoming inpatient and maybe selling. + +And if it does succeed, fair enough. I guess I'm just a normal guy and not a multi billionaire and may not see the potential of this project. + +I’m finally at a place where I’m making decent money. I want to get my own apartment but I really don’t feel confident with my calculations on how much I can comfortably spend on rent. Especially because I make majority of my income on tips which obviously fluctuates. I’m calculating based off of the lowest amount I can foresee myself making per month during slow times. But regardless of just that it’s been awhile since I’ve had to figure this out and could use some guidance. +For example if your someone that likes to travel a few times a year do you need to factor that into savings? I’m not sure how to calculate that kind of thing into rent and overall budgeting. +Roth 401k vas Roth IRA? My company matches 4% for 401k. I’d like advice on how much to put in each of these 3 accounts, or whether or not I should even have all 3? (401k, Roth 401k, Roth IRA) +Ballstreetwets whole front page is filled with yolo options and I fucking love it !!!! I know I know (no options) but this isn’t fud or trying to make anyone to buy options. THERE IS MORE THAN ONE WAY TO SKIN A CAT AND WE ARE GOING TO SKIN THIS BABY EVERY FUCKING WAY !!!! I myself am a one year holder and have xxx shares in DRS along with some calls I dabble with. + + +HEDGIES r FUKT !!!! Always have been and now with the autists in the fight and FOMO I believe this January run up will be much much higher ! We apes are much more wrinkly and have converted into some diamond handed motherfuckers ! + +Fuck you Mayo boy! Tendies are back on the menu. + + +WE RIDE AT DAWN MOTHERFUCKERS ! Buckle up 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +https://finance.yahoo.com/news/paypal-allow-cryptocurrency-buying-selling-115232905.html + +LONDON (Reuters) - PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets. + +PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement. + +U.S. account holders will be able to buy, sell and hold cryptocurrencies in their PayPal wallets over the coming weeks, the company said. It plans to expand to Venmo and some countries in the first half of 2021. + +Stock is up 3.5% premarket, this is a good news for paypal stock and customers.The current e-commerce trend is very favorable for paypal, cryptocurrency plus venmo can unlock more value and growth for paypal. +https://finance.yahoo.com/news/three-top-apple-suppliers-commit-115632437.html + +It is unclear whether all of the investment will be targeted at boosting manufacturing of Apple devices in India, but the sources and industry insiders said the vast majority would be focused on expanding iPhone manufacturing in the country. + +The commitments would help Apple diversify its supply chain beyond China, which is locked in a trade war with the United States. + +"India is key to Apple's global ambitions as it expands beyond China," said Tarun Pathak, an associate director at tech researcher Counterpoint. "It offers a strategic market to them where skilled labour is cheaper as compared to other manufacturing destinations, the size of the internal market is huge and the export potential is enormous." +Looks like Germany wasn't the only one who got fucked over eh? + +I'm seeing posts and comments across here that we got fuckin duped! If you believe that your securities have been mishandled and have some evidence backing that I'm sure your provincial rep might want to hear about it. this is NFA, nor do I condone brigading. this post is just a simple contact list of representatives across Canada that you can direct your concerns to. If, you feel obliged to do so. + +Edit 2: First I would like to thank everyone for not letting this die in new. A great comment below states to CC your MP's in an email if you are escalating things. Exposure, Exposure, Exposure. If some of these reports are true, its fraud and is very serious and I would hope an investigation would commence. Good luck to you all - Let the maple syrup flow. + +Edit: I would also like to add the contact information of the IIROC - Investment Industry Regulatory Organization of Canada. Many provincial inquiries may just land you here. I would like to add that going over the head of your provincial reps is a lot quieter... exposure is a good thing and maybe, just maybe one of these provincial reps is a bloodhound. you never know. + +IIROC + +Email: [InvestorInquiries@iiroc.ca](mailto:investorinquiries@iiroc.ca) + +Toll-free (Canada/US): 1 877-442-4322 + +Toll-free (outside Canada/US): 800-5555-2323 + +&#x200B; + +Here are the contacts sorted by province. Remember to be RESPECTFUL! + +**Alberta**: Stan Magidson, Chair and Chief Executive Officer + +Alberta Securities Commission + +Suite 600, 250–5 Street SW + +Calgary, Alberta T2P 0R4 + +Tel: (403) 297-6454 + +Tel 2: 1-877-355-0585 + +Fax: (403) 297-6156 + +Web: [https://www.albertasecurities.com](https://www.albertasecurities.com/) + +Inquiries: [Inquiries@asc.ca](mailto:Inquiries@asc.ca) + +**BC**: Brenda Leong, Chair and Chief Executive Officer + +British Columbia Securities Commission + +P.O. Box 10142, Pacific Centre + +Vancouver, BC V7Y 1L2 + +Tel: (604) 899-6500 + +Tel 2: 1-800-373-6393 + +Fax: (604) 899-6506 + +Web: [www.bcsc.bc.ca](http://www.bcsc.bc.ca/) + +Inquiries: [inquiries@bcsc.bc.ca](mailto:inquiries@bcsc.bc.ca) + +**Manitoba**: David Cheop, Chair and Chief Executive Officer + +The Manitoba Securities Commission + +500-400 St. Mary Avenue + +Winnipeg, MB R3C 4K5 + +Tel: (204) 945-2548 + +Fax: (204) 945-0330 + +Web: [https://www.mbsecurities.ca](https://www.mbsecurities.ca/) + +Inquiries: [securities@gov.mb.ca](mailto:securities@gov.mb.ca) + +**New Brunswick**: Financial and Consumer Services CommissionKevin Hoyt, Chief Executive Officer + +Financial and Consumer Services Commission + +85 Charlotte Street, Suite 300 + +Saint John, NB E2L 2J2 + +Tel: (506) 658-3060 + +Fax: (506) 658-3059 + +Web: [http://www.fcnb.ca](http://www.fcnb.ca/) + +Inquiries: [info@fcnb.ca](mailto:info@fcnb.ca) + +**Newfoundland and Labrador**: (No single contact) + +Newfoundland and Labrador + +Office of the Superintendent of Securities Service Newfoundland and Labrador + +Service Newfoundland & Labrador + +St. John's, NL A1B 4J6 + +Tel: (709) 729-4189 + +Fax: (709) 729-6187 + +Web: [http://www.servicenl.gov.nl.ca/securities/index.html](http://www.servicenl.gov.nl.ca/securities/index.html) + +**NWT**: Matthew F. Yap, Superintendent of Securities + +Northwest Territories + +Office of the Superintendent of Securities + +Department of Justice Government of Northwest Territories + +Yellowknife, NT X1A 2L9 + +Tel: (867) 767-9305 + +Fax: (867) 873-0243 + +Web: [https://www.justice.gov.nt.ca/en/](https://www.justice.gov.nt.ca/en/) divisions/legal-registries-division/ securities-office/ + +**Nova Scotia**: Nova Scotia Securities CommissionPaul Radford, Chair + +Nova Scotia Securities Commission + +Suite 400, 5251 Duke Street + +Halifax, Nova Scotia B3J 1P3 + +Tel: (902) 424-7768 + +Fax: (902) 424-4625 + +Web: [http://nssc.novascotia.ca/](http://nssc.novascotia.ca/) + +**Nunavut**: (no contact) + +Office of the Superintendent of Securities Nunavut + +1st Floor, Brown Building + +Iqaluit, NU X0A 0H0 + +Tel: (867) 975-6590 + +Tel 2: (867) 975-6594 + +Web: [http://nunavutlegalregistries.ca/sr\_index\_en.shtml](http://nunavutlegalregistries.ca/sr_index_en.shtml) + +**Ontario**: Ontario Securities CommissionD. Grant Vingoe, Chief Executive Officer + +Ontario Securities Commission + +20 Queen Street West + +Toronto, ON M5H 3S8 + +Tel: (416) 593-8314 + +Tel 2: 1-877-785-1555 + +Fax: (416) 593-8122 + +Web: [www.osc.gov.on.ca](http://www.osc.gov.on.ca/) + +Inquiries: [Inquiries@osc.gov.on.ca](mailto:Inquiries@osc.gov.on.ca) + +**PEI**: The Office of the Superintendent SecuritiesSteve Dowling, Director + +The Office of the Superintendent Securities + +Consumer, Corporate and Insurance Services Division Office of the Attorney General + +Charlottetown, PE C1A 7N8 + +Tel: (902) 368-4569 + +Fax: (902) 368-5283 + +Web: [www.gov.pe.ca/securities](http://www.gov.pe.ca/securities) + +**Québec**: Autorité des marchés financiersLouis Morisset, President and Chief Executive Officer + +Autorité des marchés financiers + +800, Square Victoria, 22e étage + +Montréal, QC H4Z 1G3 + +Tel: (514) 395-0337 + +Tel 2: 1-877-525-0337 + +**Saskatchewan**: Financial and Consumer Affairs Authority of SaskatchewanRoger Sobotkiewicz, Chair and CEO + +Financial and Consumer Affairs Authority of Saskatchewan + +6th Floor 1919 Saskatchewan Drive + +Regina, SK S4P 3V7 + +Tel: (306) 787-5645 + +Fax: (306) 787-5899 + +Web: [http://www.fcaa.gov.sk.ca](http://www.fcaa.gov.sk.ca/) + +**Yukon**: Office of the Yukon Superintendent of SecuritiesFred Pretorius, Superintendent of Securities + +Office of the Yukon Superintendent of Securities + +307 Black Street, 1st Floor, + +Whitehorse, Yukon Y1A 2N1 + +Tel: (867) 667-5466 + +Tel 2: 1-800-661-0408 + +Fax: (867) 393-6251 + +Web: [https://yukon.ca/en/doing-business/securities](https://yukon.ca/en/doing-business/securities) +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. +People who have built their bungalows/apartments what lessons did you learn? + +What should we ensure to save ourselves from malpractices? + +What's the maximum a promoter can demand as transfer charges per sq.ft of the flat? + +What should we as buyers ensure in documentation to avoid getting cheated by the promoter? + +Can the promoter sell open parking spaces? + +&#x200B; + +If there are other questions that you need answer to, please post them on this thread. + +Let's share our learnings as purchasers +Penn gaming is being added to the S&P500 later this month, after experiencing a meteoric rise from extreme lows last March. The run up has been incredible for PENN and most other gaming stocks, as more states look to legalize sports betting. + +https://www.marketwatch.com/story/s-p-500-bets-on-penn-national-gaming-and-caesars-in-index-reshuffle-11615589867 + +Personally, even at its current valuation, I’m bullish on PENN (as well as DKNG). As states look to climb out of COVID related debt, I think sports betting becomes even more widespread. Additionally, PENN will increase its ownership of Barstool Sports (a $20bn company in its own right) to 50% over the next few years. + +EDIT: Barstool may or may not be worth $20B, depends on if you believe Dave Portnoy say so. +10M is helpful if you plan to stay in the VHCOL area (NY, SF, etc.) due to the cost of living, such as rent/mortgage. + +For those who decide to retire in a non-VHCOL area, would an extra 5M make a difference in your life? What’re the main differences? + +Context: I'm on track to retire at 5 to 6M around 45. To get to 10M, I'd probably have to extend my retirement by another five years. While my current job is not stressful, a job is still a job :) + +\-- Summary of the comments -- + +How another $5M can benefit one's life: + +* Can live in VHCOL if you change your mind. +* A bigger house (or multiple residencies) +* Send 3+ kids to private schools (if you have 3+ kids). +* Peace of mind during the market downturn. (give zero f’s about market fluctuations) +* Flexibility on vacations/travels. Say you can travel during peak time or spend no effort researching tickets/hotels. +* Room to support family members (parents, nephews, siblings, etc.) +* The eighth digit was mentally satisfying. +* If you have $10M, live in an MCOL with an upper-middle-class lifestyle, and your wealth just grows while shrugging off market fluctuations. +* Luxury cars. + +&#x200B; + +Note. To me, the price of the above benefits is basically five years of staying in corp life. YMMV. + +&#x200B; +Their share price has declined considerably over the past year. Part of that is obviously due to a general decline in equities, with the s&p500 down 20% this year. More of that is due to the general decline in tech stocks (which is what Tesla is generally regarded as), as the nasdaq is down 33% this year. But Tesla went even further than that, and is down 66% this year. + +The reasons people ascribe to this are generally either that the company is in trouble or that it’s because Elon isn’t there to right the ship (or both). But what if Tesla was just dramatically overpriced and it’s only now coming down to earth as first time retail investors who pumped money into stocks irrespective of fundamentals or even sound qualitative reasoning exit the market (which for the past 2 years held, by %, an unusually large proportion of Tesla’s shares)? What if, in a poor macro environment, people have just lost an appetite for risky assets? + +What if, and I know this is speculative, a stock that people were paying $1100 for each $1 in earnings for in 2020 *may* have been overpriced? + +On top of all of that, I think some may have overestimated the size of Tesla’s moat and how difficult it would be for other car makers to catch up, and also may have failed to consider the strain increased competition would place on the vital and not exactly abundant supply of inputs necessary to make EVs. But I don’t think this point must necessarily be true to explain Tesla’s share price decline given what I said above. But I do think to some extent the current explanations for Tesla’s share price decline are the result of our tendency to look for a single person to blame for adverse outcomes - although I am not entirely condemning this view in this particular case as Elon being stretched this thin and spending so much time at twitter is objectively cause for some concern. +Hi All, I work in digital marketing and have a pretty good understanding of human psychology in financial matters having now done this for over 15 years (god, that makes me feel old.). + +I wanted to put a piece together to explain the dangers of confirmation bias based on how it's used on r/superstonk etc. but, the more I thought about it, and read through some of the comments (ok, loads of the comments) I became convinced that there are a lot of apes that appear to be experiencing a different type. + +Does this sound familiar? + +>*I have read all of the DD, put in all the money I have spare and I believe in the MOASS, but things like this don't happen to me (or people like me).* + +That's confirmation bias too, it's just the dark side. + +Many (I'd venture to say, most) apes on this board don't come from money. They have no idea what it would feel like to suddenly walk in to ANY shop in their home town and be able to afford ANYTHING without asking the price. That's what we're all about to be up against. + +That feeling of "things like this don't happen to me" or "that's not how life works out" is completely natural and has been beaten in to most of us for our entire lives. + +>Go to school, get a good job, sign-up to the retirement pension, you'll be able to relax when you're 70. + +That's how we've been trained to think. + +Here's why it's wrong. + +* Every week, in all of the countries that my wonderful ape brethren come from, someone wins the lottery because they purchased the correct ticket. +* Every week, someone bets on a 1000/1 racehorse who comes in first, upsetting the bookies. +* Every day, someone invests in a stock that jumps 100% (10,000% in this case (min)). + +These things do happen, and they happen to people like YOU. Believe me, I know how hard that can be to ~~hear~~ read, but it's true. You've chosen to be here, some of you have put it all on the line for this because you have read and (somewhat) understand what the Ape Gods of Rensole, Warde, Attobit and others have said. You put yourself in the path of the MOASS, the tendies and the Lambos and, because of that: + +* you DESERVE to be here. +* you DESERVE the tendies that will follow +* you DESERVE the Lambo (or any other Italian luxury supercar) +* you DESERVE to have a great life + +So (TLDR, I suppose), just because things like these don't ordinarily happen to people like you, or have ever happened to anyone you know, doesn't mean that you don't deserve it. Stand-up straight, put your shoulders back, walk forward with confidence. I love you all. + +Peace. + + +Edit. Spelling, urgh. +Augur has been released a while ago. Even though there is a decent amount of activity on it, I have a feeling that only a small percentage of the community is using it. What would you say is the main issue that is stopping you? + +[View Poll](https://www.reddit.com/poll/9oxggw) +I really don't get it. I first bought bitcoins in 2011 and I spent them, and yes, you can call me stupid because now, they would have worth way more. + +But I thought the point of bitcoin was to escape from fiat, banks, central banks and all this state corruption. + +But everyday, on every subs, on every twitter, someone wish his bitcoin were going to the moon. So what's the point, what's the goal ? Are we all going to cash out one day to enjoy our euros, dollars or yens ? + +I may be very stupid but I thought that we were building some kind of new world where, one day, fiat would not worth anything because we could buy eveything we want with our cryptos. + +But I'm probably too stupid. The proof is that - disclaimer - I don't have my driving license, I dont' want it and I don't want Lambo too. + +Again, sorry for my english, not my native language. +https://www.cnbc.com/2019/08/23/us-stocks-wall-street-monitors-speech-from-fed-chair-jerome-powell.html + +I think we are a long way until the trade deal. Going to be a long and volatile Q4 +I am two years into a 30 year fixed mortgage. I collect around $4k in dividends annually. Right now they reinvest automatically. I have been reading about how paying down the principal on a mortgage can save a lot of money in the long run. So I am looking for ways to do this and thought about taking the cash from the dividend payments and putting it towards paying the principal of the loan. Thoughts? + +Edit#1: +Thanks for all the comments. Firstly I have fixed my spelling to 'principal" but I cannot edit the title. It seems pretty clear that dividend reinvesting into itself has better potential ROI in the long run but there are still tangible benefits to lowering the principal on the loan. One suggestion was to make bi weekly payments. That seems pretty easy and wouldn't impact my dividends. I am also considering taking all the cash back from my credit cards and putting that towards principal. I am flirting with the idea of just putting my QYLD dividend payout towards principle. It represents about 8% of my portfolio and pays $60 each month. +Im 21 I work as a CNA and I’m getting paid $20 right now and I’m trying my best to save up as much as I can before I start nursing school next semester ( January ). With my bills, living expenses, + whatever else my money goes to I can only save $1500 a month. I work 12 hour shifts so I only work 3 days 1 week then 4 days the next. So I have extra days I can maybe get a 2nd job and make more to put back for savings. Do you guys know of Any side hustles or job recommendations I can do to bring an extra $1000 a month in? +So basically, I noticed a big hit on my credit about a month ago, and when I researched what it was, it was relating to a medical bill I must have received in college. I don’t remember what this bill is pertaining to or why my insurance would not have covered it at the time. + +It has been nearly a months since I sent the letter to the debt collector and I still have not revived a response. + +What other steps can I do to get this off my credit report? +Right now I usually hear about companies either through the media or through forums, and then continue my own research from there. I understand the process of valuation, but where do I find the company I want to valuate, among the millions of companies avalible? + +Take this GameStop situation for example. How did DFV spot the Gamestop-situation over a year ago before most others? Or how did Michael Burry spot the subprime mortgage crisis? Why does Berkshire Hathaway all the sudden feel the need to invest in a specific gold-mine; why not a silver-mine? There are millions of stocks in the world; how do people find these «needle-in-the-haystack»-type opportunities? + +What tools/screeners/spreadsheets/websites/resources etc are they using or reading? What is workflow like? +Hey everyone! + +So I've found a few companies that seem like good investments number wise, however, I am struggling to ask the right questions. I thought it would be a good idea to ask you lovely people of reddit what questions you ask about a business. Currently the first question I ask is "What does this company do" and I try to figure that out first things first. Although I believe it's important to know what the company you're investing in "Does" I am unsure if there are other important questions I should be taking into consideration too. + +What other questions do you think I should be asking? I would love to hear! thanks :D +Background: I have been investing for the last 6 months and consider myself to follow the ideologies of of value investing. + +My primary holding is up 40% (Aspen - on JSE, can give info about it if asked) and this has me wondering if I should sell my profits. + +I know a core principle of value investing is to not sell, and it makes sense from the perspective that I should back the fundamentals of Aspen and trust my investment in them to grow. + +This is something I’ve learnt from buffet, but his powers of evaluating a business far exceed my own (obviously) so I cannot be sure if this growth is supported by its value? + +I would not sell my entire stake in them, just the 40% profit I have made, which I would re-invest in a different company. + +Ultimately, the question of “where can my investment grow the most” is the bottom line. + +Should I continue to trust Aspen, as my investment continues to grow, in thinking this is the most profitable investment so I should keep more money in it. OR should I sell the profit (still keep the initial investment in Aspen) and invest the profit elsewhere? + +Open to discuss this and would appreciate some ideas pertaining to this. + + +Edit: spelling + +Thank you for the responses, appreciate the ideas and thoughts. I found large majority to be very helpful and reminded me of the basics of value investing. +T'was the night before MOASS'mas and if you're too jacked to sleep, I have something to keep you jacked until Market Open. + +Following up to my post from last week, [here](https://www.reddit.com/r/Superstonk/comments/ngp969/may_19th_update_on_the_marriedput_forensic/). + +If you haven't already that, this business about Married-Put-Remnants and Irrational-Puts won't make much sense, so go catch up and then pop back here after, kthxbye! + +**Last week, on Days of our Lives Buying and Hodling ...** + +We saw about 75k Irrational Puts expire. Poof! Gone. Where did they go? + +What we did *not* see Monday morning was an additonal 75k Irrational Put options get opened up, that's for sure. What we *did* see yesterday and today, was a nice well-distributed build up of Irrational puts all across the board, spread out like sand on a beach. Totally innocuous. + +**Pop quiz hot shot!** It's 2:30pm on a Tuesday, GME is ripping faces and chewing bubble-gum, boosters firing from $180 to over $210! What do you do? + +*Buy put options at a $30 strike for this Friday.* + +What??? No. Why on earth would anyone buy that crap? It's worthless. *Irrational*, if you will. ;) But that's exactly what happened today. And a lot more of it. + +(Note: Some of todays largest put option trades were late afternoon, low-strike, low-cost and interestingly, not out of the *PHLX* exchange! Aha!) + +**Naked Naked Naked ... Pop Pop Pop** + +I've been watching the low-strike put options open interest to see how it changes day-to-day. Here is a comparison of today to yesterday, a snap-shot of some Irrational Puts popping into existence: + +**Option Expiry Date:** May 28th + +**Strike** | **OI May 24** | **OI May 25** | **Delta** +:--|:--|:--|:-- +$10.00 | 348 | 363 | 15 +$20.00 | 137 | 205 | 68 +$30.00 | 603 | 756 | 153 +$40.00 | 501 | 647 | 146 +$50.00 | 296 | 704 | 408 +$60.00 | 457 | 404 | -53 +$70.00 | 759 | 813 | 54 +$80.00 | 327 | 395 | 68 +$90.00 | 185 | 493 | 308 +$100.00 | 3,006 | 3125 | 119 +$110.00 | 1,027 | 954 | -73 +$120.00 | 806 | 901 | 95 +$130.00 | 560 | 973 | 413 +Sum | 9012 | 10733 | +1,721 + +With GME soaring, the cost of most of these low-strike options dropped to super-cheap levels. You could pick up puts at even a $130 stike for just $0.23 cents! Looking over the distribution of puts at strikes today, we saw widespread increases all the way up to about the $130 strike. So it would seem that whoever programmed the algo to distribute these evenly doesn't want to pay more than about $0.25 per contract. + +If the Hedgies have a budget of about $0.25 max for Married Put contract, let's take a look at the following week's Op Ex to see if we see the same pattern of evenly distributed puts added today for low-strike options. + +**Option Expiry Date:** Jun 4 + +**Strike** | **May 24** | **May 25** | **Delta** +:--|:--|:--|:-- +$10.00 | 134 | 134 | 0 +$20.00 | 83 | 92 | 9 +$30.00 | 270 | 291 | 21 +$40.00 | 186 | 233 | 47 +$50.00 | 424 | 476 | 52 +$60.00 | 262 | 278 | 16 +$70.00 | 76 | 102 | 26 +$80.00 | 58 | 62 | 4 +$90.00 | 77 | 114 | 37 +$100.00 | 361 | 466 | 105 +$110.00 | 239 | 315 | 76 +$120.00 | 260 | 389 | 129 +$130.00 | 174 | 224 | 50 +Sum | 2604 | 3176 | +572 + +Yup. + +And we see even more of these Irrational Puts added to June 11th Op Ex contracts, more added into the Hedgie perennial favorite the July 16th contracts and a few more in the Jan 21, 2022 contracts. (Refer to previous post for the last analysis I did for these last two dates.) + +Every day we are seeing more and more of these Short-Term put options come into existence, about 4-5,000 per day representing about 400 to 500,000 shares. + +**What does all this mean?** + +Short Interest continues to be hidden in Long-Term Low-Strike Put options as well as low-cost Short-Term put options. + +In my previous post I did an analysis using a new criteria for what an Irrational Put is, a contract for $0.10 or less with high IV. Looking at today's newly minted put contracts, these are getting up to the $0.25 range on the high-end, although the *majority* remain clustered below $0.10 there are some few being added at even these higher ranges most likely due to some semi-random algo trying to hide these puts here without accidentally making it totally obvious that they have some specific allocaation. + +**What about the puts that expired last week?** + +Yes indeed. What about them. + +Nothing. They expired. + +After yesterday and today's powerful confirmation of the T+35, T+21 theory, I am inclined to think the Hedgies just stuck the Market Maker with them. Legally, the Married-Put is used to justify the creation of the Naked Short, the two allow the MM to remain 'neutral'. Ok, but what happen's when those Naked Shorts are still out there and the Put contract that was balancing them out expires? *The MM has to cover them.* + +Not straight away, the day after Op Ex (the following Monday) begins the T+35 part of the FTD cycle. They will cover those shares 35 days hence. + +The MM's are out there covering Naked Shorts on the 35th day, which would start spiking the price action so the SHF need to create *more* Married-Puts to create *more* Naked Shorts to again push GME down. + +Today, GME shot up 20% and the Short Interest *increased*! The MM's are buying to cover which is spiking the price and the SHF continue to drive it down with Married-Put Naked shorts. The SHF have *not* started covering, still just kicking the can another 35 days down the road. + +**Implications for Short Interest** + +I had previously estimated SI using Married Put remnants at 172%, but now that we are seeing Irrational Puts being created *daily*, that estimate is very, very low. There are way more Irrational Puts in existence, *including Short-Term puts and also expired puts* than I had accounted for. By the time I finish adding all of it together the Short Interest is going to be north of 340% at a minimum. + +Each week as these Short-Term Irrational puts expire, they are kicking off a batch of FTD's that need to get covered ~35 days later. Expired yeah, but the impact they had on the price action when they were first created persists, with GME trading sideways for weeks and weeks on end. Eventually they get covered (often at a lower price) and new Naked Shorts are created to replace them. In the meantime, every Monday a huge new batch of Naked Shorts is being created and *juggled* in a huge T+35 day loop. + +Last week the equivalent of over 7.5M shares worth of puts expired. That doesn't mean every week they have been creating millions of Naked Shorts, but if they want to keep the price action from rising, sufficient Naked Shorts need to be created equal to the total retail buying pressure. How much is that? We'd need to go count all the expired Irrational Puts since Jan to get an estimate. If we knew, we could better estimate the true SI and the MOASS peak & geometric mean. Data from Jan did indicate this practice of using Married-Puts increased by 10x after Jan 28th. + +I really hope Cohen just comes out and tells us how many shares are outstanding. That would be easier. :/ + +**Sources** + +[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) + +[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[Barchart Options](https://www.barchart.com/stocks/quotes/GME/options?expiration=2021-05-21-m&moneyness=allRows) + +[Stonk Tracker](https://gme.crazyawesomecompany.com) + +**Required** + +🚀🚀🚀 +I feel like I'm about to explode. I moved to Los Angeles two years ago and ended up going back to school for audio engineering and never missed a day of class and have a GPA of 3.5. + +(Edited , they told me at the beginning I would have enough to graduate and deal with loans after school like most others , maybe they were just trying to have me sign up .) + +My school is holding my degree ransom until I can pay off the remainder of my loans ( 2100) and that's just never happening. + +I work at Starbucks and even with picking up shifts, begging my store manager for work, there just isn't any hours . + +I got an email today from Navient. October 20th is my first due payment of 260. + +My rent is 1350 a month and I have two roommates. One roommate who lives on the couch just up and left today. No note but his stuff gone. I always asked him nicely to give me some time to find someone else . + +So, now, can't afford rent. My phone bill is outstanding 40 bucks. I successfully attempted school and have nothing to show for it and have been looking for audio work as much as I can. + +I'm 27. The walls are closing in. I have 40 cents in the savings and negative 3 in my checking. + +I'm about to be homeless. I don't know where else to post . Maybe one of have advice ? + +I don't know. I haven't slept since yesterday at 6am. It's 330am now and I'm writing this just to see if I can try and pass out. +Hello everyone, I'm so excited because I just purchased my first piece of land at an auction site. The land is in Cherokee Village, Arkansas. The land isn't that big, it's only about 1 acre, but it overlooks a lake and has direct lake access, which is why I was interested in buying it in the first place. The downside is that I have no idea what to do with this piece of land, and I've never been to Arkansas, can you please help with any ideas? What will it be worth in the future if I decide to keep it? +&#x200B; + +[quarterly net worth](https://preview.redd.it/30dvli897r1a1.png?width=1166&format=png&auto=webp&s=637abb14c282a74e201b9f6afd805f0b904e9a65) +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. +I wrote a whole long explanation and then erased it. Basically... + +My teen is day trading and doing very well($8k to over $100k in 12 months). He sticks to his “rules” and trades a bunch of times on one stock over and over and liquidates at end of the week every week. Obviously this is all worrisome, as one day he will lose focus or make a mistake. So I want him to advance his process.. + +What is the simplest entry-level set up to turn his rules/formula into an algorithm that trades a single stock solely based on the price movement? + +Based on reading wiki and elsewhere, I figure he would need: + +1) a way to pull data(api?) + +2) turn his formula into code(python?) + +3) a platform to trade accurately/timely on with his cash account of $25k+(thinkorswim?) + +4) a computer/server/program to implement to code onto the platform to make it trade(?) + +To reiterate, I’m looking for like a beginners package, that my teen could maybe do a beginners python course for 8 weeks while setting up the software and trading infrastructure, and the. Wrote the formula and implement it. Would be a great summer project that could spark a career in a decade. Thank you for your help and for keeping this simple for me!! + + +EDIT: looks like some good users have come to save the day. Sorry for reacting to the trolls that opened the thread making this a bizarro clown show to start off. Thanks for any continuing info on software, code, how to simplify everything. Currently looking into alpaca/ninjatrader/quantopian/quantconnect services, python tutorial, python .git files some have shared, python libraries numby/panda, TDA/thinkorswim, servers/AWS. +I love papa Elon as much as everyone else, but after the GME saga a lot of people will come to the crypto world looking to fuck over the dollar and govermental istitutions. So how about we actually redirect them to some project that have fundamentals and a purpouse, and not some fucking meme coin with infinite supply that basically acts like the dollar. Let's not waste this opportunity, because when the DOGE whales will dump newcomers will lose a lot of faith in crypto. +Some interesting stats from the economist- the median American family of retirement age has $12,000 in savings. If we narrow that population to Americans with access to retirement accounts (401k), that number increases to $100,000. One other startling statistic was that even though 70% of Americans have access to retirement accounts, just over 50% use one. Just some interesting stats I figured I would pass on. Source is http://www.economist.com/blogs/freeexchange/2017/04/cash-strapped-pensioners (sorry for formatting, I'm on mobile) +Moved in with two friends in February, one roommate got a SO soon after and has been spending 80% of his time at her place. Almost never see him, except randomly during the week and on weekends. + +&#x200B; + +He recently decided that he didn't want to pay for utilities anymore. + +As he is making the personal choice to spend more time at his SOs place but still wants to come and go using the water and electricity and internet I do not feel his argument is valid. + +&#x200B; + +I say he should have to pay them as he signed a lease and when moving in together it was agreed upon that we would split everything 3 ways. He is fully aware I do not have as much financial flexibility as he does, and have to budget more strictly. + +Am I wrong in this situation? anybody else have a similar experience they could share? + +&#x200B; + +Thanks! + +&#x200B; + +&#x200B; + +UPDATE: + +&#x200B; + + + +Thanks for all the feedback! + +The amount of time he stays with us is so variable that its near impossible to pro rate if we wanted to. + +Often times his SO and her dog will stay with us for extended periods of time, just not as often as him being gone. + +This past summer for example she and her very poorly trained dog were at the house m-friday every week for 3 months. sharing a bathroom/power etc. Never asked her to pay a dime. Also her dog left permanent damage to the house, which will most definitely result in us not getting our deposits back, and possible extra fines as we aren't allowed pets. + +I don't feel like hes earned any sort of mercy or leniency based on his track record. I will force a sit down and go from there. + +Thanks again! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Let's be honest as revolutionary as the blockchain is , it is hard to get your mind around it for most people. But if you think of it most people still have no idea how a computer works, I don't mean they don't know how to operate one , I mean they don't know what makes up a computer and how it actually works. It's the same with Bluetooth or most of technology itself. Consumers stop caring or trying to figure out how most things work once it starts working for then or provide utility. + +Crypto has hopes of solving many problems but people aren't able to wrap their minds around it (Nfts made it even harder). On top of that most of crypto is hard. Part of the reason most people are still using exchanges to store crypto. + +Of course none of it would matter if it is possible for it to be conveniently part of peoples life and is solving problems. + +We should stop explaining how things work to the average Joe and force him to into investing instead we need utility for the world to see. + +Once utility comes in , we wouldn't have any other option other than adopt crypto. +Frequently see "just move" to another state, county, whatever in order to obtain services (insurance, medical care etc). Can you please help to provide reasons why this "advice" is ridiculous? + + +For example, per USNEWS website, typical cost of moving in US = *Expect to spend anywhere from $2,000 to $8,000 or more for an interstate move* -- how can a poor person do that? Thanks for your input! +Hey guys, are any of you that bought arkk up around it's ATH still holding? Debating whether or not I should just cut my losses and move onto something else? +I assume those of you on this sub are investing, not gambling. I also assume that y'all care about risk. If so, please read on. + +I feel like several times a day I see a "portfolio" advice post for "portfolios" that is 100% tech. IMO, these portfolios will perform poorly and have extreme amounts of risk. In a loose sense, portfolios seek to balance many different equities to achieve an optimal risk/reward. This is done through diversification. If you're 100% tech (especially if it's only US tech) you have little to no diversification. If you want extreme risk, you're better off trading individual stock, options or even FOREX. + +**Why:** There is a reasonable chance of a tech correction + +* Tech has all the hallmarks of another bubble tech + * Many people are buying now only because yesterday's price was lower + * Fundamentals are making less and less sense + * It's happened before + +&#x200B; + +* The tech boom makes sense (I've pointed this out many times on this sub) + * COVID propelled personal savings to all-time highs and money needed a home. [https://fred.stlouisfed.org/series/PSAVERT](https://fred.stlouisfed.org/series/PSAVERT) + * High Yield Savings and Bonds are unattractive at current rates + * Equities are the best option, but tech is better. It's the sector least impacted by COVID. + * QE is propelling equities (it's also scaring people that inflation will be high) + +&#x200B; + +* The eventual bust also makes sense + * The world comes back to normal + * Beaten down sectors will return to pre-COVID levels, at the expense of tech + * Savings will reduce + * Rates will eventually increase; Bonds, Savings Acct and Fin Sector will look more favorable. + * All this puts pressure on tech and the FED will not intervene. They only care about credit markets. + +**Import case study** (thanks r/investing) + +* Cisco system was the highest valued company in 2000, today's it barely in the top 30. For example, if you bought 100 shares of Cisco in July 2000 it would have cost you \~$7000, by July 2001 100 shares was worth \~$2000. Even scarier, if you held for 20 years, 100 shares are worth \~$4000 today. You're still in the hole, big time! + * This is a great example, as many over-valued tech companies, Tesla, Apple, etc... Will not go bankrupt, but they might be smaller. + +**Will all this actually happen?:** Maybe, maybe not. I just wanted to show y'all that it's not unreasonable. Hence you must diversify to minimize downside risk. + +**What to do** : + +* Take a profit on some of the tech and diversify! +* You can do this simply with some VTI and VXUS. +* You can do this more complexly with non-tech cyclicals, fin sector, some REITs, internal funds. +* Don't stop tech buying. If you believe in tech, keep buying! Just do so in a sensible way. Don't put all your money on black and cross your fingers. That's gambling and you're smart; you're buying ETFs cause you don't wanna gamble! + +Even the pros love tech, but they're not 100% tech: [https://wallethub.com/edu/hedge-fund-stocks/38113/](https://wallethub.com/edu/hedge-fund-stocks/38113/) + +I'm long tech, buy it frequently and it makes up \~15-20% of my portfolio. + +**Edit**: Nice example, I looked at what happened right before the last tech crash: + +* A 50-50 portfolio of Tech and SPY dominates Tech or Spy on it's own +* This backtest assumes that tech will bust soon and decrease dramatically; probably not realistic. +* Play with the dates as you wish. However, even if you bought tech at the exact right time, i.e. Mid-1999, you'll see returns of the 50-50 mix is still good (though less than tech only), but with significant less variance. Also, don't forget tech ETFs can have hefty expense ratios which eat at CAGR. + +[https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2000&firstMonth=8&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=true&portfolioName1=Tech+Mutual+Fund&portfolioName2=SP+500&portfolioName3=Mix&symbol1=FSPTX&allocation1\_1=100&allocation1\_3=50&symbol2=SPY&allocation2\_2=100&allocation2\_3=50](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=2000&firstMonth=8&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&portfolioNames=true&portfolioName1=Tech+Mutual+Fund&portfolioName2=SP+500&portfolioName3=Mix&symbol1=FSPTX&allocation1_1=100&allocation1_3=50&symbol2=SPY&allocation2_2=100&allocation2_3=50) + +&#x200B; +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/kx6oh6/iv_report_high_iv_tickers_with_share_price_under/) that highlights cheaper stocks. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|AMC - AMC Entertainment Holdings Inc - Class A|383M|$2.38|237%| +|MARA - Marathon Patent Group Inc|1.43B|$22.29|205%| +|DGLY - Digital Ally Inc.|83.1M|$3.04|194%| +|RIOT - Riot Blockchain Inc|1.74B|$25.53|190%| +|GME - Gamestop Corporation - Class A|2.48B|$35.97|180%| +|TLRY - Tilray Inc - Class 2|2.63B|$19.70|159%| +|FUBO - fuboTV Inc|2.17B|$32.15|158%| +|SRNE - Sorrento Therapeutics Inc|2.5B|$9.45|145%| +|QS - QuantumScape Corp - Class A|11.2B|$53.43|142%| +|BLNK - Blink Charging Co|1.69B|$46.82|141%| +|ACB - Aurora Cannabis Inc|1.71B|$11.93|139%| +|LAZR - Luminar Technologies Inc - Class A|6.69B|$30.66|139%| +|APHA - Aphria Inc|3.7B|$12.36|128%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.3B|$41.35|127%| +|PLUG - Plug Power Inc|25B|$61.38|127%| +|JMIA - Jumia Technologies Ag - ADR|0|$43.37|121%| +|RIG - Transocean Ltd|2.02B|$3.26|119%| +|APXT - Apex Technology Acquisition Corp - Class A|591M|$16.40|118%| +|WKHS - Workhorse Group Inc|2.81B|$23.26|109%| +|LMND - Lemonade Inc|8.36B|$149.06|108%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.46B|$59.69|106%| +|GSX - Gsx Techedu Inc - ADR|0|$59.38|104%| +|CRSR - Corsair Gaming Inc|3.5B|$38.08|103%| +|PLTR - Palantir Technologies Inc - Class A|37.7B|$25.65|103%| +|NKLA - Nikola Corporation|7.58B|$19.78|102%| +|NIO - NIO Inc - ADR|87.7B|$56.27|100%| +|OSTK - Overstock.com Inc|2.55B|$59.64|98%| +|XPEV - XPeng Inc - ADR|0|$48.17|98%| +|HYLN - Hyliion Holdings Corporation - Class A|2.53B|$16.48|98%| +|CODX - Co-Diagnostics Inc|299M|$10.51|97%| +|COTY - Coty Inc - Class A|5.28B|$6.92|96%| +|APPS - Digital Turbine Inc|4.96B|$55.74|94%| +|SPCE - Virgin Galactic Holdings Inc - Class A|7.13B|$30.50|93%| +|PINS - Pinterest Inc - Class A|43.1B|$69.28|90%| +|AI - C3.ai Inc - Class A|0|$133.51|89%| +|GRWG - GrowGeneration Corp|1.89B|$51.23|88%| +|FSLY - Fastly Inc - Class A|9.03B|$88.02|88%| +|CRSP - CRISPR Therapeutics AG|14.2B|$200.41|87%| +|CGC - Canopy Growth Corporation|12.4B|$33.54|85%| +|DASH - DoorDash Inc - Class A|0|$189.29|83%| +|ABNB - Airbnb Inc - Class A|102B|$167.29|83%| +|GLUU - Glu Mobile Inc|1.54B|$8.98|81%| +|FVRR - Fiverr International Ltd|8.61B|$265.38|81%| +|TSLA - Tesla Inc|783B|$824.99|80%| +|ENPH - Enphase Energy Inc|24.1B|$189.93|79%| +|CNK - Cinemark Holdings Inc|2.26B|$19.09|78%| +|X - United States Steel Corp.|4.6B|$20.89|77%| +|PENN - Penn National Gaming, Inc.|15.4B|$99.48|76%| +|BBBY - Bed, Bath & Beyond Inc.|3.09B|$25.51|74%| +|SNAP - Snap Inc - Class A|75B|$50.02|73%| +|SEDG - Solaredge Technologies Inc|14.5B|$285.44|72%| +|NET - Cloudflare Inc - Class A|23.9B|$77.38|72%| +|UPWK - Upwork Inc|4.74B|$38.82|72%| +|HOME - At Home Group Inc|1.47B|$22.63|71%| +|SNOW - Snowflake Inc - Class A|14.8B|$290.99|70%| +|PTON - Peloton Interactive Inc - Class A|40.3B|$158.82|70%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.45B|$25.46|69%| +|NOK - Nokia Corp - ADR|2.68B|$4.11|68%| +|PRPL - Purple Innovation Inc - Class A|2.16B|$35.49|68%| +|MRNA - Moderna Inc|51.2B|$130.00|67%| +|W - Wayfair Inc - Class A|21.8B|$299.68|67%| +|DDOG - Datadog Inc - Class A|20.8B|$99.70|67%| +|FROG - JFrog Ltd|5.44B|$59.95|67%| +|M - Macy\`s Inc|4.04B|$12.98|66%| +|SFIX - Stitch Fix Inc - Class A|4.65B|$73.67|66%| +|ROKU - Roku Inc - Class A|51.8B|$408.88|66%| +|OXY - Occidental Petroleum Corp.|20.8B|$22.43|66%| +|ZM - Zoom Video Communications Inc - Class A|110B|$384.59|65%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|4.19B|$107.39|64%| +|CVNA - Carvana Co. - Class A|13.5B|$286.68|64%| +|FEYE - FireEye Inc|5.04B|$22.08|64%| +|AAL - American Airlines Group Inc|9.54B|$15.79|64%| +|CHGG - Chegg Inc|12.6B|$97.48|63%| +|CCL - Carnival Corp. (Paired Stock)|23B|$20.86|63%| +|HUYA - HUYA Inc - ADR|379M|$21.91|63%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|5.99B|$30.61|63%| +|RCL - Royal Caribbean Group|16.4B|$73.15|62%| +|CHWY - Chewy Inc - Class A|43.1B|$108.16|61%| +|DBX - Dropbox Inc - Class A|6.98B|$22.16|61%| +|CREE - Cree, Inc.|12.9B|$117.34|61%| +|RKT - Rocket Companies Inc Class A|2.26B|$19.60|60%| +|UAA - Under Armour Inc - Class A|7.57B|$18.07|60%| +|TWLO - Twilio Inc Class A|54.5B|$387.71|60%| +|BYND - Beyond Meat Inc|8.78B|$139.97|59%| +|TTD - Trade Desk Inc - Class A|32.9B|$783.24|59%| +|Z - Zillow Group Inc - Class C|31.6B|$137.13|59%| +|YETI - YETI Holdings Inc|6.44B|$74.10|59%| +|UAL - United Airlines Holdings Inc|12.9B|$43.95|59%| +|LYFT - Lyft Inc Cls A|14.8B|$48.22|58%| +|ETSY - Etsy Inc|25.8B|$202.37|58%| +|SHOP - Shopify Inc - Class A|141B|$1168.02|57%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|9.34B|$108.19|56%| +|DISH - Dish Network Corp - Class A|17.4B|$33.20|56%| +|UBER - Uber Technologies Inc|97.9B|$55.86|56%| +|SPOT - Spotify Technology S.A.|57.9B|$317.97|55%| +|CZR - Caesars Entertainment Inc|13.5B|$79.10|55%| +|HAL - Halliburton Co.|18.3B|$20.70|55%| +|IQ - iQIYI Inc - ADR|14.4B|$19.70|55%| +|CLDR - Cloudera Inc|4.44B|$14.24|55%| +|CRWD - Crowdstrike Holdings Inc - Class A|41.4B|$219.82|54%| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|20.7B|$141.72|54%| +|AMD - Advanced Micro Devices Inc.|106B|$88.55|54%| +|SE - Sea Ltd - ADR|98.7B|$225.13|54%| +|ZS - Zscaler Inc|28.3B|$210.66|53%| +|VALE - Vale S.A. - ADR|93.2B|$17.66|53%| +|MTCH - Match Group Inc. - New|39.1B|$151.13|52%| +|WDC - Western Digital Corp.|15.6B|$51.16|52%| +|SQ - Square Inc - Class A|96.8B|$227.08|52%| +|LB - L Brands Inc|12.6B|$44.99|52%| +|MGM - MGM Resorts International|14.7B|$29.75|52%| +|ZNGA - Zynga Inc - Class A|10.4B|$9.70|52%| +|BIG - Big Lots Inc|1.93B|$51.96|51%| +|LL - Lumber Liquidators Holdings Inc|898M|$30.96|50%| +|GPS - Gap, Inc.|8.25B|$21.93|50%| +|GE - General Electric Co.|99.2B|$11.38|50%| +Couldn’t I invest my own money and have full control/ access and invest in the same securities? + +I understand meeting the company match because it’s free money, but I’m questioning the norm with locking up a lot of my money until 59 1/2 yo. +I’m only 20, I’m hoping this opportunity doesn’t lose itself. So I’m staying humble and just. Trying to not jinx anything. With america being garbage, should I prioritize retirement savings, etc etc? I figure I’ll stack up a fat emergency fund before I start putting stuff away towards stocks, 401k, etc. i am trying to avoid lifestyle creep. I think I’m gonna start budgeting too. + +I work in the trades. I work with a lot of old heads who respect initiative, punctuality, and a willingness to learn. We all know there’s a shortage of ‘workers’ aka people refusing to take bad paying jobs… construction respects merit, it you work hard it’ll pay off. If you work hard in retail they’ll just hate you or give you more responsibility for the same pay. I digress. I’m a laborer for now. I make 47 an hour due to something called prevailing wage. I would make similar money if I stuck with a union trade for a few years. +She is 67 years old. She's worked her entire life. In 2008, I listened to her cry in her kitchen as she faced it all falling apart. + +I didn't know what 'they' did then, but I sure as fuck do now. I just got off the phone with her on three-way to give her support. I gave her a script "I want to direct register my shares of Gamestop in my name through Computershare". She did great. She asked me for the help "because I trust my son, and I've never seen you like this before." + +So never doubt that it's a bunch of "nerds in their basement's basement". + +Nope. I own my home, do well in life, and we're everywhere. We're not a joke, we're not a meme. We're investors and we know value when we see it. All ages, all walks of life. + +Shorts are undeniably fucked. This is bigger than we know. + +May every single one of those shares sting shorts as much it did to hear her cry over her home in 2008. +[https://imgur.com/a/meJNh0v](https://imgur.com/a/meJNh0v) + + +(source: [https://www.commsec.com.au/mosttradedinternationalshares](https://www.commsec.com.au/mosttradedinternationalshares) \- our largest bank and brokerage). + +&#x200B; + +We Australians are so jacked, we're buying more of GME than Apple, Microsoft, Amazon, Alphabet, Facebook. + + +GME has transcended FAANG for both volume and buy ratio. + + +[https://imgur.com/a/GjJpSVo](https://imgur.com/a/GjJpSVo) +(LET'S FARKIN' GO!) + + +We've shoved all of our GME shares into our little pouches for HODL security, and this jacked Kangaroo has natural protections from all the super venomous and violent prey that surround us on a daily basis. + + +[https://imgur.com/a/bPCO7yK](https://imgur.com/a/bPCO7yK) + + + +Just you wait for the next "Technical Analysis" - you'll see the Roos jumping over the fence in no time. + + + +\* This is not financial advice. I am a kangaroo. You wanna fuckin' go me mate?! + + + +\--- + + +On a more serious note - you don't think that the Short Interest % is only increasing? When was the last time we saw any form of sell ratio that closely resembled the buy-side, even just for balance and parity of credits and debits? Price aside, we've been playing the fundamentals of float size this whole time and I cannot see much evidence of anything of this not becoming even more compounded and worse, let alone "rectified". +First time landlords that bought a house as is in California that came with tenants. One of the bathrooms have a broken shower door that was broken by the same tenants living in it now. + +They've been haggling us to fix the shower doors but I'm not sure if that's in the landlords scope of responsibilities. We left their rent way under market price and starting to regret it as they're demanding things like carpet cleaning and fixtures that I'm not sure we are really responsible for? They were previously paying $2,200, we raised their rent to $2,400 but market rate is $2,900 to all comparable listings. + +They'll call us saying they don't mind the rent increase (which was barely a market increase to cover our PITI) and rant about us needing to fix all these things. + + +How would y'all go about it this? We currently have a month to month with them. We had already replaced a fence which honestly took out most of the fixture budget we had set aside for them. The previous owners didn't really maintenance much on the house. Not sure if we should raise rent twice in one year to budget in for those fixes or do it out of goodwill or if these fixtures are in our scope our responsibilities. (Also trying not to get sued etc). Also there is nothing in our lease agreement that states + + +Also to note we use the standard California lease agreement does says "tenants should be charge for all repairs caused by them" in regards to maintenance but asking here to make sure before we decide anything to them. Thanks all + + +Edit: thanks all! Very good advice from everyone that I appreciate. I do not intend to be a slum lord and want to create good will with tenants however I'm also not trying to get taken advantage of and have limits. Thanks for everyone's advice and perspective especially the long sighted ones. Will fix things and raise rent overtime to match the service along with it. +Just a little curious about some of the ways HELOCS have been used to aid in your investing. I've been able to save a good chunk of cash and have $150k HELOC I just got, but this market has been near impossible to find my next deal. + +Has anyone used HELOCs creatively in their investments? What has worked? +This popped up in Firefox pocket, and I found it interesting. Especially, the part he talked about FIRE and I can relate to the money anxiety. I have more money than I ever had in my life, and I am more anxious now about money than any other time too. I am working with a professional on this. + +But I wanted to see this sub's views on this: https://moretothat.com/the-nothingness-of-money/ +My brokerage doesn't allow fractional shares, but does for DRIP. I like seeing those 10.05, 30.234, 20.54, whatever it is. Why? Well I'm not exactly a rich man, so every share I buy really represents a significant cost to me. So to get shares or partial shares for free, hey, that's a nice feeling. +For those of you that are conscious of the environmental impact of your bank Chase is by FAR the worst. Below are a couple of sources. + +I'm aware some people don't care, for you feel free to go ahead and ignore. I'm not judging just sharing info. + +Some mind think this isnt relevant to the sub but I think people should be informed about a bank they may be interested in with all the talk about them recently. + +Chase is the biggest funder of fossil fuels, investing around 40% more than the second worse bank. Around a quarter of a trillion dollars between 2016-2019. + https://www.ran.org/campaign/stop-banks-funding-climate-chaos/#:~:text=Chase%20has%20dumped%20over%20a,%2Dplaced%20bank%2C%20Wells%20Fargo + +(Pay walled/limit for free) https://www.forbes.com/sites/davidrvetter/2020/03/18/jpmorgan-chase-tops-dirty-list-of-35-fossil-fuel-funding-banks/ +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/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Hello! I am a 22 year old engineering student with one semester left and projecting a day job of around $75K annually while living with my parents rent free to start. I have always been interested in investing and real estate with intentions to flip a handful of houses to build capital to purchase rental properties and pay off school debt. My dad is down to only a few years left until retirement and agreed to providing a loan for the first couple flips and will help work on the houses with me to split the profits. We both are handy man types and plan on doing the majority of the work ourselves. + +The question is, in your experiences is obtaining a real estate license for primarily access to MLS, potentially whole sale homes, and save on paying commission to a realtor worth the effort and money? I am from Michigan if that helps and fairly inexpensive areas. +We've owned our land since the very start of covid. We paid $330k for 1 acre in Ipswich. Around 40minutes to the Brisbane CBD. The bank has since valued that block at now $770k. I'm not complaining, plenty of equity to use for a construction loan. + +It's the cost of building a house that has shocked me. A 320m2, 4 Bedroom acreage-style new build is set to cost us $650,000+ - The current plan has been to sit on the land and pay that down as fast as we can, it currently sits at $270,000 owing - meaning if we take the build on now, we're looking at a $920k mortgage. The neighbour's house has just sold for 1.1M, so I don't feel we're over-capitalising but I do worry that as the construction industry slows, the $650k we're being quoted now is going to drop substantially in the coming year or so. Or is the general consensus that this is the new norm? + +I am also feeling the pressure as our lending power is slowly being eaten away by rate rises. So if we don't pull the trigger now, we may not have the capacity to take on an additional $650k of debt. +So my mom has a CPA and a lot of my own good financial wisdom comes from her. However, there is one thing that I can't seem to convince her on: timing the market of single stocks. + +So from looking at the ups and downs of the FAAMG stocks, she believes it's more efficient to go for these "high turnover" stocks. Buy in, wait until they increase by 10-20%, then sell off and use the capital to do the same thing on a different FAAMG stock in the next quarter. + +As an engineer, I actually don't have a problem with this hypothesis. It's a valid strategy that can work well if you have repeatable back tested methods and sufficient computing resources. Renaissance technologies does this to achieve insane returns. + +My main problem is explaining that we are not them. We don't have signal processing engineers, data scientists, and Nobel prize winning mathematicians on retainer to design machine learning algorithms to reap high expected values from the jaws of aggregate technicals and fundamentals. She claims it shouldn't be too hard. Just read news, guess when companies want to do a pump and dump or weird things like Elon buying up bitcoin, set calendar reminders for each up and down, then revisit them every year. + +I personally prefer all in VTI, and the nearly assured 8% annual return over the next 10 years. My mom thinks that's simply too slow and that everything goes up in 10 years. Her analysis is anecdotal. She believes that the fact AAPL keeps stock splitting and her one friend who bought some Amazon means that there's already tons of missed opportunity in the up and down cycles of every stock. At the same time, she doesn't believe in herself enough to risk more than 5% of her portfolio into these YOLO stock strats (thankfully). Honestly, if she had just gone all-in VTI five years ago, she'd have doubled her money. + +How do I convince her that making money off volatility like this is a much more complex problem than she thinks it is? + +Edit: Thank you for the advice. I’ve realized that this issue isn’t in a bubble. I think I’ll continue putting money into VT/VTI/VXUS in the taxable brokerage account I’ve had and eventually when the dividend payouts are enough to replace my monthly checks to mom, she’ll benefit from this whether it’s me or her who chooses to invest the money. +# O. Preface + +**TLDR:**There is an SEC rule - Section 14(a), Rule 8 of the Securities Exchange Act of 1934 - that enables ordinary shareholders to advocate something called a Shareholder Proposal. The rule is very well defined, in terms of the scope of who is permitted to make proposals, and the extents to which companies are allowed to dismiss or accept such proposals. Should such a Shareholder Proposal be within the defined scope of the rules, the company is compelled to put the proposal to all shareholders to be voted on. + +It is my belief that Rule 14a-8 could become pivotal sometime in the near future, when the number of shares directly registered exceeds half of shares outstanding. At that point, utilising the SEC's Rule 14a-8, individual\* shareholders can make proposals which the company's operational management possibly cannot themselves advocate or inact, for fear of litigation by SHFs and other nefarious actors. Hence when greater than 50% of shares outstanding are DRSed, individual\* shareholders may have the power to do what GameStop's management is perhaps unable to do themselves: instigate a chain of steps that leads to MOASS. + +*(\* note the emphasis on individual, as it truly is only individual investors that can make such Shareholder Proposals under Rule 14a-8)* + +https://preview.redd.it/vssbpp86u0l91.jpg?width=1768&format=pjpg&auto=webp&s=82e4c69896c80d0e4e7809b5776590f16250638d + +&#x200B; + +# 1. What is Rule 14a-8? + +*(Firstly let me acknowledge that there will be many members of this sub who know about this rule already. It has been brought up in the past before, although I believe not necessarily within the scope of what I am going to detail in the latter sections of this DD. However, if you are familiar with the finer workings of the rule, feel free to skip to section 4 below.)* + +Buried within the SEC's Securities Exchange Act of 1934 is the following rule: + +**§ 240.14a-8 Shareholder proposals** + +[https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf](https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf) + +If you have the time, I would encourage reading it rule in full, as the entire basis of this DD is the finer details of this rule! However as it is very lengthy, below are the most important points to understand the gist of the rule: + +***What is a proposal?*** A shareholder proposal is a recommendation or requirement that the company and/or its board of directors take action, which is intended to be presented at a meeting of the company's shareholders to be voted on. The proposal should state as clearly as possible the course of action that the person making the proposal believes the company should follow. + +***Who is eligible to submit a proposal?*** A shareholder who has continuously held:(A) At least $2,000 in market value of the company's securities entitled to vote on the proposal for at least three years; or(B) At least $15,000 in market value of the company's securities entitled to vote on the proposal for at least two years; or(C) At least $25,000 in market value of the company's securities entitled to vote on the proposal for at least one yearAdditionally, the person must make themselves available to meet with the company (in person or through teleconference) within a month of submission. They must also be available to attend a Shareholders Meeting to detail the proposal to the rest of the shareholders (again in person or through teleconference). + +***How does one prove such ownership?*** Submit a statement of ownership from a broker or bank. Of course the most secure proof of ownership, I believe, would be such a statement from ComputerShare. + +***Can a group of shareholders submit such a proposal?*** No, as it is not permitted to aggregate holdings with those of another shareholder or group of shareholders, to meet the requisite amount of securities necessary to be eligible to submit a proposal. + +***How long can the proposal be?*** No more than 500 words. Accompanying linls and images are not counted towards the word count. + +***How many proposals can be submitted?*** No more than one per shareholder. + +***When can a proposal be submitted?*** 120 days or earlier from the expected annual proxy statement. GameStop's proxy statement in 2022 was released on 22nd April 2022. Therefore the next proxy statement is likely to be made on 22nd April 2023. 120 days before this is 23rd December 2022, thus this is the deadline for making a Shareholder Proposal for inclusion in next year's Shareholders Meeting. + +***So the earliest such a proposal can be voted on is next June's Shareholders Meeting?*** In fact, GameStop's By-Laws appear to leave this open. Senior management can call for a special meeting, presumably at which shareholder voting can take place including Shareholder Proposals, at any time: + +[https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321\_fifthamendbylaws.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) + +*^(Section 3: Special Meetings. Except as otherwise required by law, a special meeting of the stockholders of the Corporation may be called at any time by the Chairman of the Board or the Chief Executive Officer or by the Board pursuant to a resolution adopted by a majority of the then authorized number of directors. Any special meeting of the stockholders shall be held on such date, at such time and at such place within or without the State of Delaware as the Board or the officer calling the meeting may designate. At a special meeting of the stockholders, no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting.)* + +***Who will decide whether to include proposal in the Shareholders Meeting?*** The basic rule is that such a proposal has to be included, unless the company can show the SEC that it should be excluded for a certain reason. + +***What kinds of grounds are there for exclusion?*** Currently there are 9 such reasons the company can give, which are that the Shareholder Proposal is:(1) Improper under state law i.e. in GameStop's case, this would be Delaware state law, as this is where the company is incorporated(2) Violation of law i.e. breaching Delaware or Federal law, if enacted(3) Violation of proxy rules, which are the SEC rules the company has to follow for submitting proxy statements(4) Personal grievance; special interest i.e. if benefiting the individual only, and not shareholders at large(5) Relevance i.e. only affects less than 5% of the company's business or revenue(6) Absence of power/authority i.e. calling for something the company cannot directly effect, and thus out of the company's control(7) Management functions i.e. affects the company's normal business operations in a disruptive manner(8) Director elections i.e. results in a change to the make-up of the board(9) Conflicts with the company's own proposal i.e. directly goes against a proposal by the company in the same area + +***Couldn't a company use number (7) above to get most proposals excluded?*** The SEC has put out a bulletin clarifying the scope of this:[https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals](https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals) + +To cut a long story short, this bulletin explains that a company's Board of Directors knows best how a proposal could negatively impact a company's ability to conduct day-to-day operations. Thus, they must explain in more detail what operations would be affected to the SEC. It is then up to the SEC to make a decision to exclude the proposal or force the company to put it to shareholders. + +***Can a shareholder appeal if it is decided a Shareholder Proposal can be excluded?*** Yes, an appeal can be submitted to the SEC explaining why the decision is unfair, and a further review will be carried out. + +One final note is that the SEC proposed some amendments to Rule 14a-8 on July 13th, which would also allow exclusion of a proposal for the following additional reasons: + +[https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements](https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements) + +(10) Substantial Implementation i.e. if the company has already enacted most of the proposal already + +(11) Duplication i.e. if multiple proposals are basically advocating the same thing, then only one can be put forward to shareholders + +(12) Resubmission i.e. if the same proposal was made and voted against in the previous 3 years + +These amendments to the rule are open to comments to the SEC from September 12th to October 12th, and potentially enacted some time after that period. + +# 2. Examples of the rule in action + +Firstly I want to show you what a Shareholder Proposal can look like. Below is one that was submitted by Mr. Gregory M. Shepard of Bradenton FL., one of the investors in a company called Donegal Group Incorporated. In this example, he is advocating to the wider shareholder body that Donegal seeks the services of an investment bank, to explore M&A options for the company: + +[https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm](https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm) + +https://preview.redd.it/eq4xzd8cu0l91.jpg?width=1590&format=pjpg&auto=webp&s=db8beaaf566ea57ae88f487d608d3f120a55729b + +Below is a very typical Proxy Statement including a summary of several Shareholder Proposals, this example being from Johnson & Johnson's Proxy Statement from June 2022: + +[https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm](https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm) + +https://preview.redd.it/g44mcdngu0l91.jpg?width=1590&format=pjpg&auto=webp&s=840d19325b117061a7ec8cda95c3901009750f8d + +You will notice that Johnson & Johnson's board has recommended that shareholders vote in favour of all their proposals, and vote against all the Shareholder Proposals. In conducting the research for this DD, I looked at proxy statements by a large number of companies, and saw this was very typical. This included many proposals that to me looked very sound and sensible, such as some of those submitted to Johnson & Johnson above. For example, in the May 2022 Proxy Statement by McDonald's: + +[https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6\_defa14a.htm](https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6_defa14a.htm) + +https://preview.redd.it/6qoviv9ku0l91.jpg?width=1768&format=pjpg&auto=webp&s=0e844a47263bae05539af9625452884ec64dc384 + +This 2021 Proxy Statement by Microsoft: + +[https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm](https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm) + +https://preview.redd.it/zjvvxulpu0l91.jpg?width=1768&format=pjpg&auto=webp&s=60e9f1eb2d020d0f3109ef1aae5a16c94677d6be + +In fact, I searched through hundreds of Shareholder Proposals to corporations of various sizes, and could not find a single instance where the company recommended voting in favour of the proposal. It appears to me that the standard business practice of publicly listed firms in the United States is, in fact, to advocate voting against Shareholder Proposals as basically a "default" response. I have a theory as to why companies follow this seemingly standard approach, which I will explain in Section 4 of the DD. + +Finally, I would like to give you a flavour of what kinds of topics individual shareholders typically put up for Shareholder Proposals. For the past few years, the Columbia Business School's blog - 'The CLS Blue Sky Blog' - has published an annual summary of Shareholder Proposals in that year’s "Proxy Season". Below is some interesting information about the most common types of proposals put forward by individual shareholders earlier this year: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/9hukxutsu0l91.jpg?width=1768&format=pjpg&auto=webp&s=92573dde6329bca38284f04a20b499e34c620c94 + +As you can see, the majority of proposals this year and last year have been around ESG (Environmental,  Social & Corporate Governance) related topics. I believe this is primarily because most Shareholder Proposals are made to large megacap firms in the S&P 500, and these are the kinds of topics advocated by shareholders of such companies in recent times. However that is not to say that other types of proposals cannot be put forward, such as in relation to business strategy and even a company's stock e.g. the one made above by Mr. Shepard to Donegal Group Incorporated. + +Lastly, note that I checked through all the Proxy Statements of GameStop going back to when it first IPOed. As far as I could tell, there has never been a Shareholder Proposal put forward to be voted on by the larger shareholder body. I also looked through those of several other companies described by some as "meme stocks", and found that to also be the case for those, with some rare exceptions. Where such Shareholder Proposals did make it to a vote, the topics covered were fairly mundane e.g. almost exclusively ESG related. + +&#x200B; + +# 3. Successes and failures of Shareholder Proposals + +The same Columbia Business School blog shared in the previous section - 'The CLS Blue Sky Blog' - also contains valuable data on this topic: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/i8v40074v0l91.png?width=1767&format=png&auto=webp&s=1ec65e76eb92496ce59f58d499a8a6271b1da7c1 + +Hence this year exactly half of the Shareholder Proposals put forward made it to a vote, with an average 30.4% voting in favour. Overall, only 6% of Shareholder Proposals gained majority support, which sounds like a rather low figure. However it should be noted that the vast majority of these proposals are made by retail shareholders of stocks that have very high institutional ownership. For a stock with very high levels of retail ownership, and an unprecedented proportion of that being direct registrants, my conjecture is that positive voting is likely to be higher than the 30.4% average even now... + +Of course in order to make it to a shareholder vote, such proposals need to first pass through the screening carried out by the company. The data on the "no action" requests made to the SEC, meaning asking for the Shareholder Proposal to be excluded from voting, is also interesting to note: + +https://preview.redd.it/eyid7x67v0l91.jpg?width=1768&format=pjpg&auto=webp&s=086a9635b8a9238ab370a2d7ab333f32877d3e75 + +Seemingly companies only seek to have about a third of Shareholder Proposals rejected. This year the SEC then actually agreed in favour of the company's view in only 38% of cases, a sharp decline from 2021. So it appears to me that a firm minded shareholder, who sticks to their guns and does not withdraw their proposal after making the initial submission, actually has a good chance of having their Shareholder Proposal being heard and then voted on by the general body of shareholders. + +&#x200B; + +# 4. Why do companies always recommend voting against Shareholder Proposals? + +[https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits](https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits) + +***"The United States spends about 2.2% of its Gross Domestic Product, roughly $310 billion per year, on litigation."*** + +\- New York Times, 16th November 2020 + +In such a climate, is it any wonder that corporations are naturally wary of making decisions or carrying out actions that can be construed as potentially litigious? Certainly any potential misstep - or even a well thought out business decision that could be seen as controversial - has the potential to quickly result in lawsuits. An example is the just filed Securities Class Action that I reported to the sub over the weekend, against Ryan Cohen and another company he recently had (has?) an interest in: + +*(Note: This post was removed with the reason given being overly related to that other company. If you are interested to learn the details, see my post history.)* + +https://preview.redd.it/im3usrifv0l91.png?width=1768&format=png&auto=webp&s=85da36e12a48c2227a75b47673eb965f739f2d1b + +In section 2, I shared my finding that corporations invariably recommend for Shareholder Proposals to be voted against. I conjecture the reason for this is threefold. The first being that recommending a vote for a proposal could be interpreted as company management not doing their jobs well and coming up with these ideas themselves. However the second reason, I believe, is that recommending a vote for a certain Shareholder Proposal could result in adverse knock-on effects. + +Companies take many months of careful and considered planning for each of the proposals they themselves include in Proxy Statements. The strategies and actions advocated would typically be analysed and re-analysed by an army of lawyers, to determine all the potential blowback and how those could be dealt with. Hence to recommend voting for a Shareholder Proposal would, in most cases, be seen as an unnecessary risk without carrying out similar due diligence. + +The third reason, I believe, is the danger of setting a precedent that a company may then feel they must follow going forward. For example, if advocating in favour of a certain type of Shareholder Proposal, they may then feel pressurised if a similar propoal is put forward in the following years. Therefore however meritorious a certain Shareholder Proposal may be, from a risk management perspective it still makes more sense to revert to the default and recommend a vote against. + +The fourth and final reason I could think of is simply the danger of going against the grain of how Corporate America operates. As the default appears to be for companies to always recommend voting against Shareholder Proposals, to follow a different approach would do more than just raise a few eyebrows. This in combination with the other reasons outlined above means the risks, including those of Securities Class Action Lawsuits, makes it almost impossible for corporations to recommend voting for even the most sensible Shareholder Proposal. + +&#x200B; + +# 5. What would GameStop do, if someone puts forward a Shareholder Proposal that could help trigger MOASS? + +For the reasons explained in the previous section, it is my firm belief that any Shareholder Proposals put forward to GameStop would be met with the same outcome: a recommendation to vote against. Even if a certain proposal is advantageous for the company if enacted, undoubtedly the recommendation would be for a vote against. If that proposal specifically is to help the company shed the shorts, especially for that very reason, the strength of recommendation against would undoubtedly be even louder than usual. That is entirely to be expected, of course, as GameStop showing favour to such a proposal would result in a list of lawsuits as long as Kenny's nose at a Congressional Hearing. + +One need only look at past attempted directed interactions by individual shareholders to GameStop, to see how carefully they are treading. Some of you may remember me publicising at the end of last year the actions carried out by u/jasonwaterfalls96, in his attempts to have GameStop release the vote count from the 2021 Shareholders Meeting. His litigation action of course ultimately failed, following months of GameStop avoiding all attempts of cooperation with the information requested. + +[https://www.reddit.com/r/Superstonk/comments/qoq6c2/could\_ujasonwaterfalls96s\_legal\_action\_against](https://www.reddit.com/r/Superstonk/comments/qoq6c2/could_ujasonwaterfalls96s_legal_action_against)/ + +https://preview.redd.it/p1fpykhrv0l91.jpg?width=1768&format=pjpg&auto=webp&s=6fb0761b229f05e66303d18bdd00f462a49ac40e + +More recently, numerous shareholders have reached out to GameStop's Investor Relations department, regarding the errors by brokers and the DTCC in distributing the stock split in the form of a dividend issuance. As far as I am aware, no-one has received a response to an individual attempt at engagement, despite numerous attempts. The company did of course issue a follow-up announcement clarifying and confirming their original issuer event, however not a response to any individual communication. No doubt prior to them even releasing this, the announcement would have been checked numerous times by GameStop's lawyers, to ensure it was as airtight as possible. And of course, since then...not a peep. + +Why the extreme caution? It is almost as if GameStop does not want to take "picking the low hanging fruit" paths towards MOASS. However, thinking logically and reasonably, that is not a surprise at all and entirely to be expected. The more likely a certain trigger event could cause MOASS, the less likely GameStop would be anywhere near it, for the likelihood of being sued as explained above. The manner in which Ryan Cohen and GameStop has operated since this saga began would suggest that they wil continue taking actions that cannot be construed as in support of MOASS. + +&#x200B; + +**This is a two part DD, and this is PART 1.** + +**For PART 2, please go here:** + +[https://www.reddit.com/r/Superstonk/comments/x29ull/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29ull/how_rule_14a8_and_drsing_more_than_50_of_shares/) +FuckFaze is a token made on the Binance smart chain with the sole purpose to form a community to share in the hatred for this foul team + +Save the Kids was a crypto that was promoted by the top influencers in the world. +Faze Kay, Faze Jarvis, Faze Teeqo, Faze Nikan and Ricegum all promoted the coin, along with many other popular influencers being involved. So far, we’ve had no evidence of why the coin failed until today…. + + +https://youtu.be/Kv6ne6VQCZI + +Come and join our active community: + +https://t.me/FuckFazeBSC + +CA: + +0xe36c0b72b721897b96840895039b08ed0ffb8b27 + +Pancakeswap v2: + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe36c0b72b721897b96840895039b08ed0ffb8b27 + +LP locked: + +https://mudra.website/index/?certificate=yes&type=0&lp=0x5483ae471e8320beb9b25c837983e06f215974af + +Renounced Ownership: + +https://bscscan.com/tx/0x0b9c3f6f8462bdc4bdd4f34e19824499d7890ac6076987a44a00f235a942ca4a + +Telegram: + +https://t.me/FuckFazeBSC + +✅RENOUNCED OWNER + +✅VERIFIED CONTRACT + +✅STEALTH LAUNCH + +✅VERY LOW MC + + +Let’s get this token trending and bring more awareness to these narcissistic losers. +So, like some others I was initially a bit underwhelmed and disappointed that todays launch of the NFT marketplace didn’t have any premier partners (Nintendo, Pokémon, Louis Vuitton, Nike, etc.), but then I started to see what they actually did. + +They gave the artists and creators that they recruited right here on Superstonk, the talented among us, the first dibs at the platform, what an honor! And these creators knew exactly what types of NFTs we would find delightful, because they are us. + +It’s a soft launch for family and friends, and it’s a privilege we will all cherish in the years to come when the marketplace has transformed into something much grander as it evolves. + +The elite brands will come, the games and ownership of media will come, and yes, the new stock market exchange will come as well, but we were first. +Throwaway account + +I tried to move some money between my bank accounts (Bank A -> Bank B). I scheduled a $25K transfer on Bank A, and that transaction got cancelled because Bank A thought it was fraud. I called them, verified myself, and scheduled another $25K transaction. + +Everything was normal until I noticed that there were two $25K incoming transactions to my account at Bank B. I checked on Bank A's side and both of those transactions were marked as "Paid", while my balance only got deduced for $25K. + +I tried to called both of Bank A and Bank B to check what was happening. Bank A said the money never reached the Federal Reserve, so it was impossible that the transaction succeeded. Bank B said that they received the money and hadn't received any "recall" notice from Bank A. + +None of the banks are taking responsibility for that mysterious $25K. I tried calling each bank for an additional 2 times and the answers were the same every time. I know that it is not my money, and I do not intend to use it. I don't want to get into any troubles because of the banks' faults. What should I do now? +Dear traders, + +&#x200B; + +The mood has been down for a while in here. + +The public opinion on blockchain in general is "it's over". + +Ether lost more than 90% of its value. + +&#x200B; + +At the same time, crazy developments happen. + +Constantinople is hitting main net in days. + +Plasma just hit test net. + +We have an Ethereum based stablecoin that f\*\*\*ing works. + +You can take decentralized loans. + +More developers work on Ethereum than on any other blockchain. + +Every day there is more certainty scalability will be achieved while maintaining decentralization. + +Google incentivizes its developers to build on Ethereum. + +A Visa card using DAI is now available, and soon we'll be able to do without VISA. + +Ethereum 2.0 specs are on the table. + +&#x200B; + +Ethereum is happening. + +The awakening is near. +Federal Housing Administration mortgages -- the affordable path to homeownership for many first-time buyers, minorities and low-income Americans -- now have the highest delinquency rate in at least four decades. +Federal Housing Administration mortgages -- the affordable path to homeownership for many first-time buyers, minorities and low-income Americans -- now have the highest delinquency rate in at least four decades. + +The share of late FHA loans rose to almost 16% in the second quarter, up from about 9.7% in the previous three months and the highest level in records dating back to 1979, the Mortgage Bankers Association said Monday. The delinquency rate for conventional loans, by comparison, was 6.7%. + +Millions of Americans stopped paying their mortgages after losing jobs in the coronavirus crisis. Those on the lower end of the income scale are most likely to have FHA loans, which allow borrowers with shaky credit to buy homes with small down payments. + +For now, most of them are protected from foreclosure by the federal forbearance program, in which borrowers with pandemic-related hardships can delay payments for as much as a year without penalty. As of Aug. 9, about 3.6 million homeowners were in forbearance, representing 7.2% of loans, the MBA said in a separate report. The share has decreased for nine straight weeks. + +U.S. Virus Relief Set to Vanish in Series of Fiscal Cliffs + +Housing has held up better than expected in an otherwise shaky economy, with record-low mortgage rates fueling sales of both new and previously owned houses. With job losses mounting and Congress slow to act on a fresh stimulus package, that momentum could be threatened. + +New Jersey had the highest FHA delinquency rate, at 20%. The state also had the biggest increase in the overall late-payment rate, jumping to 11% in the second quarter from 4.7%. Following were Nevada, New York, Florida and Hawaii -- all states with a high proportion of leisure and hospitality jobs that were especially hard-hit by the pandemic, the MBA said. + +But the current spike in delinquencies is different from the Great Recession, thanks in part to years of home-price gains and equity accumulation, according to Marina Walsh, vice president of industry analysis for the bankers group. + +https://www.bloomberg.com/news/articles/2020-08-17/fha-mortgage-delinquencies-hit-record-high-with-economy-rattled +I have around 100k to invest. Ideally I would like a passive income with a relatively high yield. + +Should I invest them all in dividend stocks or also pick some growth ones? + +Any suggestions on what to invest in would be great. + +I have had a look at a few high yield stocks such as $IRM, $AGNC, $XOM however I'm hesitant to even put a small percentage of my portfolio into such stocks looking at the falling share prices over time. + +To me a yield of 3-4% is almost not worth it. If were to go with 3-6% yields I'd invest in $ABBV, $O, $GSK, $MMM, $T, $TD, $ADM with a few others. + +Also to me does n't seem like a great time to invest with fairly high risk of corrections and an overvalued market. Should I wait for a correction? Time to buy was March but missed that.... + +Any advice would be appreciated. Thanks +5... 4... 3... 2... commence ignition... 1... 0... Takeoff! + +Mission control this UltraSafe reporting in. We have had a successful liftoff, primary gain thrusters are at full power and the pump gauge is at maximum. Moments after takeoff we secured the primary liqudity module and jetisoned the ownership capsule. The shuttle is now cleared to exit the atmosphere and the journey to the moon. Our crew of overly 1000 is eagerly awaiting touchdown on the lunar surface. + +&#x200B; + +In case that wasn't clear, UltraSafe ($ULTRA) just launched on BSC and it is the fastest and safest ride to the moon you will ever see. Liqudity is already locked for 79 years, onwership has been renounced and it is pumping hard. To say this token is going places would be an understatement. I took a look the website and was immediately hit with flashbacks to Safemoon. Everything about it screams professionalism. The launch went flawlessly, tokens have been distributed to avoid any large whales, and the token has been handed over to the community -- and the community is loving it. + +&#x200B; + +In mere hours, Ultrasafe has roared at breakneck speed to almost $3M market cap and over 1000 holders. It shows no sign of slowing down as the first ultra-vault has been unlocked, bringing community contests and phase 1 of marketing. At this rate, fort knox will be here in just days (check the site to see what this means :)). + +&#x200B; + +Every ape here should look at the website and telegram and you will see what I am talking about. + +&#x200B; + +First Ultra-Vault unlocked, details: + +&#x200B; + +🔒 Community-Based Marketing Contests + +🔒 AMAs + +🔒 Trust Wallet Submission + +🔒 Whitepaper Development + +🔒 Phase 1 Marketing Campaign this + +&#x200B; + +More Details: + +&#x200B; + +\- Liquidity has been locked , contract ownership renounced + +\- Slick & beautiful Website with more updates in the future + +\- Dapps in development + +\- Marketing campaigns including huge influencers (8m+ followers) + +\- 1st Audit completed with another on the way, whitepaper releasing soon + +&#x200B; + +Links: + +&#x200B; + +Website: [https://ultrasafe.finance](https://ultrasafe.finance) + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + +Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) + +Contract: 0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a + +&#x200B; + +This is something special friends, get in early! +This post probably will get down vote to oblivion but fk it, I can't be the only one feel like this. + +I've been with GME since October last year and seeing how the og of this play versus now is kind of scary to say the least. + +I wasn't as early as DFV or Cohen but I got in because I make bet based on people and after literally watching every RC's interview and reading every article I went all in. The group that was into GME back then was much smaller so that's why it caught Wallstreet off guard. The current state is way fking different. + +Everything we do is being monitored, we're in the light they're in the dark. It's great that we share knowledge about the market and how crooked these hedges are but remember to always double check, just because someone do a DD doesn't mean they are correct (I don't care who they are). A lot of you who so impatient is because you TRULY did not understand this play and just following blindly. I will list out couple of things that help me and could possibly help you take your mind off of this obsession (it's more healthy for your brain this way, at least imho) + +1. Understand the person in charge of this company and ask yourself, if all the info out there of this person is true. Can I trust him with my money, if your answer is yes then leave your money with him and go on with your life. + +2. Think of the money you invested in GME is gone, it is no longer your money. If you open a business, the cost of opening a business is gone and you can't take it back so you either follow or fold (take the L if you can't handle it) + +3. Any specific subreddit is an echo chamber, everyone love the good old confirmation bias. Because we get bored of shit easily since we're living in a instant gratification, we want excitement every day. Control this and you can 100% 💎🤲 this to infinity when it squeeze. (So don't look for confirmation bias) + +4. Worshipping people, you putting that person in control of your decision. If this is your life saving or the money you care so much then why? The one who runs GME is Ryan Cohen, not reddit mods. So stop worshipping people. + +5. Last one, as much as we all want this play to be our retirement play because you hate your job. Treat this like it isn't, treat it like an investment and not a lottery ticket. Treat it like the squeeze isn't a play but the company's future is so fking bright that it is a no brainer. We know the gaming industry better than these cartridges calling boomers (who the fk use that word anymore). Soon they will cave and be the late investors, be happy you're early. + +The only thing everyone need to do right now is vote if their broker allow them to vote. Live your fking life like nothing going to change. Don't let your impatient fk with your money because it will, especially you're going to invest in the future. People lose money in the market mostly because of either impatient or gambling. I know this isn't a typical DD of the stock, but more of a DD of you as an 🦍💎🤲 + +TLDR: live your life like nothing going to change and 💎🤲🥜🚀🚀🚀🚀🚀🌙 + + +Edit: did not expect this to receive this much love! Thought nobody gonna see this since people hate hearing the truth (glad I'm not the only one!) Have a great day apes and thanks for the awards! Love you guys, just don't want you guys to lose sleep over shit you didn't have to (at least that's how much I trust in RC) +Hello Mr. Casey, + +I read your WSJ article today. I feel deceived by you. + +You requested to speak with me, so I took time out of my day to do so. We talked for 20 minutes, during which time I conveyed to you my sentiments about the Bitcoin ecosystem and the matter of MtGox's collapse. My message was unambiguously a positive one. I didn't focus whatsoever on the personal funds I lost at Gox. Indeed, the impetus for your call was my heartfelt post on Reddit. + +Yet, you ignored everything I said. The only quote that you published from me in the Journal's cover story was ""That's gone now," said Mr. Veerhoos, who is based in Panama City, Panama. "There's no chance of getting that back now."" + +Is that really the takeaway you had from our call and from my letter? Is that your idea of journalism? Did I come across with the sentiment of a despairing investor whose confidence has been rattled? It seems you were happy to completely ignore my sentiments, preferring instead to cherry pick the one fact that is least important, in order to paint a narrative that Bitcoin's biggest problem is that it's not "regulated." I didn't expect you to quote everything I said, but should you not have maintained at least a modicum of fidelity to my message? + +I have dedicated my life to building and supporting the Bitcoin project. I don't give a damn about the money I lost at Gox. That's not important. What is important is that Bitcoin is resilient and enduring, and will continue to grow and change the world for the better. It is a story of human progress through technology. It is a story of the good seeping into the cracks of a corrupted financial system. It is a story of passionate people struggling against all odds to remedy the calamities brought down upon society from the most potently misguided people and institutions on Earth. + +Next time you spend your efforts casting a pall over this cause, please don't ask me to contribute mine. + + -Erik Voorhees + +PS - I will be posting this letter openly on Reddit. I will post your reply if you'd like. And if I do, I won't cherry pick the most misleading points of it, and I will spell your name correctly. + + + +Trying to leave politics out of it- but can someone ELI5 what a higher tax rate on the super rich would mean for the economy? I read that Warren’s new tax plan would cost Bezos several billion dollars. + +I know bezos doesn’t have like billions in cash- so I’m assuming he would need to liquidate some of his portfolio to cover a higher tax bill. + +What would be the effect of the super rich pulling their assets out of the stock market in this manner? + +Thanks. +If we imagine the US as a village where everyone works to produce grain, where that grain is divided evenly at harvest among every person who worked to produce the grain, how much grain would each worker in the US get? + +If we divide the [Gross Domestic Income](https://fred.stlouisfed.org/series/GDI) by the [participation rate](https://data.bls.gov/timeseries/LNS11300000) times the [labor force](https://data.bls.gov/timeseries/LNS11000000), it comes out to $194,922.93 per worker. + +$19,690,094,000,000 / (0.627 * 161,115,000) = $194,922.93 + +Is there really that much money to go around? + +TL;DR the answer to my question is **$105,856.95** per worker. Read on to learn more. + +EDIT: Honestly, who downvotes someone for asking a question? +If we imagine the US as a village where everyone works to produce grain, where that grain is divided evenly at harvest among every person who worked to produce the grain, how much grain would each worker in the US get? + +If we divide the [Gross Domestic Income](https://fred.stlouisfed.org/series/GDI) by the [participation rate](https://data.bls.gov/timeseries/LNS11300000) times the [labor force](https://data.bls.gov/timeseries/LNS11000000), it comes out to $194,922.93 per worker. + +$19,690,094,000,000 / (0.627 * 161,115,000) = $194,922.93 + +Is there really that much money to go around? + +TL;DR the answer to my question is **$105,856.95** per worker. Read on to learn more. + +EDIT: Honestly, who downvotes someone for asking a question? +This is coming from a US perspective, but if any economists in different countries have an opinion on how it is over there than I'd love to hear! + +Anyways, I would never consider myself anywhere near an expert on economics, but I like to treat it like I do climate change: if you're not willing to become an expert than defer to the expert s and listen to what they have to say. With that said, it seems like that simple advice essentially eclipses many of our policymakers, and what's more it seems to be a fairly bipartisan problem. Do you feel it is accurate to say that policy makers tend to either ignore or disregard the work done by economists and, if so, how do you feel with it? Personally, it drives me insane feeling like we could be fixing a plethora of our economic problems if we only sat down and made economically literate policies, but maybe I'm overly cynical. +Only downside I can think of is if bbby tanks this week but my breakeven cost will be ~$9 which I don’t think it’ll drop under + +Edit: in the title I meant ITM* +I’m hoping maybe this makes some folks feel better. I’m 44, married, and have a roommate and a mortgage. + +My husband and I each have car loans and credit card balances. + +No student loan debt at least. + +We live paycheck to paycheck. + +We’re actively working to pay down debt and I am so so grateful. + +I may never be totally debt free and I’m okay with that, and would you believe it, happy? + +EDIT: Thank you for all the upvotes and comments. My husband is not my roommate, though I do live with a roommate and my husband. I’m not cavalier about debt, and I’m a semi-devotee of Dave Ramsey. I just recently paid of a credit card and I have 1 left. My reason for posting is because of all the posts where people post screen shots of their paid off credit cards. That’s great, but this is poverty finance folks. Not everyone can get there! I do have a side hustle as does my husband. I’m not thrilled about being in debt but that’s where I find myself right now. Good luck everyone! +What are some of the things I should be aware of, if I consider buying some agricultural land as a long term investment. (Considering the land is available for a reasonable price and the papers are in order) +Hey people, need some recommendations but hope I don't come across as bragging in any way. + +I've (33M) reached my personal fatFIRE number in the past year, and being partnered and not planning to have a child, I'm pretty sure I'll stay comfortable for the rest of my life. I had a list of things that I wanted to do/learn/study when I reached fatFIRE and leave my job, but I realised that it no where comes close to filling my days. I'm not complaining - in fact I'm super happy that I have so much time everyday to cook, be there for friends/family when they need me, and not worry about rushing home after dinner to prepare for the next day. I still rent my home. I don't buy ridiculously expensive stuff, and don't eat out too much. I still work, but only part-time and on selected projects that I find interesting and have nice people to work with. + +My main concern is that I'm starting to feel out of sync with my friends and family. Most are not set up to reach the stage I'm in anytime soon (although I'd like to help them to), and I feel increasingly disconnected from them. Honestly I'm also feeling a certain sense of guilt for not being too busy during the week, as some of friends are really not having it easy. I'm also increasingly referred to in social gatherings as the one 'that doesn't need to work', which I dislike more and more with time. There is just a huge social pressure to be hustling at my age. + +But on the other hand, going back to full time work or starting an enterprise is hardly worth the stress and strain, unless I'm paid salaries and given benefits way above what I can command with my experience. Yet I'm too young to be drinking and eating figurative wine and pasta for the rest of my life. + +Thus a question to other early thirties fatFIRE-ers out there - how has life been for you so far, and how have you played out your fatFIRE life in ways that makes you feel connected with those around you? I'd also love to hear about the healthy ways you guys have found to share your wealth with your family, friends and community. + +&#x200B; + +Update: so many valuable comments from you guys! + +Summarising a few pieces of wisdom that resonated with me more: + +* The go-to label seems to be 'consultant with flexible hours'. +* Gifting money to friends/family can backfire in many ways - instead look at how you can add happiness to their lives with monetary contribution being just one of the means. +* Reinvent my relationship with stress, transforming it from what was previously a survival instinct to an observable and enjoyable quality in my life. +* Wealth might not be the only thing that unites me with people now, it can also be lifestyle (e.g. artists on flexible hours, etc). +* With my current means, I can afford to walk the straight line between where I am now, to contributing in whatever field or area that I always thought of dabbling in. +I (29f) anticipate that my parents (66f and 73m), one of which has MS, will need to be taken care of financially within the next few years. I’m not exactly sure how much they have for retirement savings (my guess is none, and I’m not sure they know either), but I’d like to start saving some money so that once they need help, I’ll be ready. + +I wasn’t sure if I should just go with a savings account, investment account, or even if I could use an HSA type of account. + +They are amazing parents and I just want to be able to take care of them when they need it. + +Any advice would be greatly appreciated!! +https://steemit.com/crypto/@cryptobillie/how-to-save-money-on-fees-when-buying-bitcoin-litecoin-and-ethereum-with-coinbase + +Since there are so many new users coming into the crypto space. I thought I should make this article to help them save money on fees. + +I paid a lot in fees due to lack of "knawledge". +Everything I've found online is basically "have them read a chapter and then they answer questions about it" + +I'd love to do something interactive, maybe requiring negotiation, incentives and conflicting motivations. Something I that can serve as an allegory for a specific part of how the economy works. + +Has anyone hear been exposed to or run something like this? Maybe as a early college experience? + + Or maybe you just have an idea that could theoretically work? + +Would love to hear your ideas! +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 + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + [http://shortcircuitsandinfiniteloops.blogspot.com/2019/11/what-happened-when-i-tried-market.html](http://shortcircuitsandinfiniteloops.blogspot.com/2019/11/what-happened-when-i-tried-market.html) + +supplied without judgement +When either rehabbing a property to make it rent ready, or just generally upkeeping it during turnover, what flooring materials, paints, cabinets, etc, do you trust and use most often? I'm putting together a list of materials to make decision making easier down the road and I'd like the opinions of those of you who are seasoned and have real experience with specific materials (vinyl flooring types and brands, laminate, tile, faucets, light fixtures, what-have-you). I've looked things over in the store and read their little sales pitches but I'm skeptical of anything a company says about their own product. "We're the most durable in the business", "This paint hides stains and cleans easily", "These cabinets are life-proof". So I'm coming to you guys who have nothing to gain or lose by spilling the best and worst products you've used in your rentals. +Hello Fellow Traders! + +A few weeks ago my college decided to drop me (M21) out because there was a mistake made by a third party which led to me not being in the school system. + +I have been into trading cryptocurrencies for a few years now and a couple of months ago I came in contact with day/swing trading. In these months I got the basics down and began trading forex/indices on a paper trade account and doubled this account within a month (probably some beginners luck haha) + +Since I'm out of college I have a ton of time towards myself. I want to make this time useful and teach myself a lot of new skills like trading, marketing and building websites. + +Now my goal for trading is to start learning more about it, especially day and swing trading. I want to invest at least 5 hours a day studying the market, learning trading techniques and getting proper risk management in. + +My question towards you guys is, how likely/possible is it for me to make a consistent 2/5% profit each month? And turn this into an income of let's say 20k a year (Given that I have created proper risk management, and studying at least 5 hours each day) + +Thanks for the read, and if you have any questions just let me know! :) +Just a quick reminder with winter breaks coming to an end! My wife is a teacher and is required to have Microsoft Office on her laptop. We bought her a new laptop at the beginning of the school year and, while at Best Buy, the salesman was telling us that the only way to get Office was through the yearly subscription. I thought that didn’t sound right, so I decided to do some digging. Sure enough, if you go to https://www.microsoft.com/en-us/education/products/office and have a valid school email address you can get Microsoft Office free, for the duration of your schooling or teaching career! + +Hope this helps all the teachers and students out there! +I am a mid-twenties individual and would like to develop a clear plan for how to best save for retirement. I’m not well-versed in finances, and have researched online but I get overwhelmed and confused. I have no debt, a decent salary, and have never had a credit card (my credit is based off of student loans I’ve already paid). Is it worth it to see a financial advisor for guidance/an outline for planning for my future, or should I stick to the internet for my questions? +Besides maxing my PPF and few lakhs of emergency funds in FDs, I was thinking of dumping the rest in Nifty 50 Index funds. But at the same time I view equity as a long-term investment of 5, 7 or 10+ years or even more. So I'm curious where & how I should invest the money which I require for the short-term like wanting to buy a car (smaller sum of 2 to 15 lakhs) or a house (higher sum of 1 to 1.5CR) over the next 5 years or so maybe? Should I still go with Index funds regardless? +Why this magic number? Why not 90-99%? Does profit start to decelerate significantly at his point? No one really explains this. Any insight is appreciated, thanks in advance. +I find the current development in Europe, China and Russia frightening and expect a longer-term downturn over here. Might now be just the right time to bet on the S&P 500, if the investment horizon is about 30 years? +Hi, understand that we have a sticky post with Aswath's guide to value investing for beginners, but I am interested in the steps or guide which Warren buffet or Charlie Munger are giving out, which I can't find in this thread. +Can anyone link me to some relevant full investing guide, please? +Thanks +I am sorry if you are about to retire. +I am young, like quite young. I have at least 30 years of investing in front of me. Yet, now stocks are extremely expensive. It's an everything bubble. There are many great business I would like to buy, but they are all overvalued. My expected future returns are so much lower than the ones of someone who was born just 10 years before me. +I feel like it is a similar situation with houses: our parents and grandparents bought houses for cheap, and now houses are so expensive that many just pay rent to the current home owners. +But if the market crashes, and we enter in a long bear market, stocks will get cheaper and cheaper, no one will want to touch them. I can then accumulate great businesses at low prices, and I have enough time to reasonably expect the price to match the value of the stocks I own again in 20 or 30 years. +Am I selfish?. + +Edit: I am 80% invested, but most of my cash flow is into the future because I am young. I own 8 stocks which I believe are undervalued or fairly valued. +After reading this sub for a year, I went for it and applied to a job that would greatly increase my income. It was a stretch, and I was honest with them about my experience and how I could learn what I need. And I got it! I'm going from perhaps retiring at 67 (depending on how much I ended up caring for elderly parents) to being able to FIRE around 50. The new job didn't even feel real until I ran the numbers today to max out the 401k, an IRA, AND have money left over to open a brokerage account! This feels so good, and I can't wait to give my horrible boss notice. + +Also, my coworker S. is on this sub all the time. If you're reading this, I'm giving my notice on Feb. 4. + +Edit: My SO is also super excited, now he'll be able to max out his retirement and FIRE in his own right 😁 +I was thinking of making an automatic spreadsheet where one can easily compare with different metrics and make informed decisions easily. Only looking for major cities currently as long as data is available for other cities in required format, I will try to include them too. Will share it with the sub if the side project succeeds. +In 2010: Bought 1.4 million shares @ $21.15 each. \~$30 million. + +"partnership will not be affected by the sale" + +Source: [https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:\~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million](https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million). +If I buy a stock/etf for a dividend, I consider that initial investment $ cost gone forever. + +In exchange I get two things: +1) it increases my net worth permanently +2) it provides a steady cash flow going forwards in perpetuity + +This essentially means that I am insourcing my pension and insurance; creating my own infrastructure making me both financially and spatially independent. Forever. + +I have relatively few positions, but have done my own DD and am extremely high confidence in my choices. + +Criteria are: + +1) ETFs, (no individual stocks) + +2) Yield over 8% (easily achievable with covered calls) + +3) Trustworthy oversight with a specific goal and risk % + +4) All positions are inversely sector and region correlated (no one point of failure) + +5) Monthly distributions in a regular $ amount + +I feel VERY strongly that this way. +&#x200B; + +https://preview.redd.it/7oyu45xthk871.png?width=1600&format=png&auto=webp&s=fd641e9560b206ff57114c3e4e39310f93932998 + +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/udumsijvhk871.png?width=680&format=png&auto=webp&s=c2ef607778c36a265f1ba9dea338cab15c52eaac + +Reverse Repo's + +&#x200B; + +https://preview.redd.it/s8t7mtzxhk871.png?width=960&format=png&auto=webp&s=572896f20fbf7c7fbc12c882afb18b5f6a04118f + +It's up to 991 billion, but it was expected to be higher yesterday due to it being quarters end. + +Some people have speculated a few things about this quarters end, we've been seeing banks double their dividends, this could be due to banks bolstering appearance like they did in 08, it could also be because of inflation hitting them and due to the value of the dollar may be lower therefore you need a bigger dividend. + +Lots of speculation right now on that aspect but it won't be clear until we look at it with hindsight. + +but having that said: + +[Credit Suise top holder Qatar investment authority cuts stake](https://www.bloomberg.com/news/articles/2021-06-30/credit-suisse-top-holder-qatar-investment-authority-cuts-stake?utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter&cmpid=socialflow-twitter-business&utm_medium=social) + +[JP morgan, why lights?](https://www.reddit.com/r/Superstonk/comments/oauenv/found_out_why_the_lights_are_on_at_jp_morgan_in/) + +&#x200B; + +https://preview.redd.it/7x6qgo6mmk871.png?width=640&format=png&auto=webp&s=0686dbaed2dcaf8f398f87871fc0d55b6ded35e9 + +Volume is dryer now then a nuns habit. + +# Trading 212 + +Now since the last few days we've seen some things regarding t212 and their share lending stuff. + +It seems they have two different type of accounts namely "ISA" and "investing" + +With Isa your shares are not lended, and you can transfer and everything + +With Investing it seems that your shares are going to be lended and they've always been as this is part of their terms and agreements, they're just making sure that everyone is informed and their EULA has to be reaccepted. + +but I did find one screenshot on the sub that may be to use to some. + +&#x200B; + +https://preview.redd.it/fx9cb1u8kk871.png?width=640&format=png&auto=webp&s=f166418a988dbbc116a5bc5b1f7346921e34fa09 + +I'm not sure if this is possible because I myself don't have a t212 account but if you have another broker you could perhaps initiate a transfer to them, just like when people did this with Robinghood. + +&#x200B; + +&#x200B; + +https://preview.redd.it/yy79oqdokk871.png?width=960&format=png&auto=webp&s=4117e4e772287c87c7fd811cd1562e07282a15dc + +# Robinghood + +I've reported on this yesterday and I believe a lot of others are as well, the thing that people do need to remember is that this is not because of GME, this was a case that was ongoing from 2016 onwards, as robinhood was misleading it's client's. + +Again this was just another "robinhood did a shitty job" and not "this was because gme". + +&#x200B; + +https://preview.redd.it/j3zqhbhulk871.png?width=451&format=png&auto=webp&s=6591081c99ed315b56a104b61ff4af6b1ee25e23 + +# RC Tweeted once again + +This is a fairly common turn of phrase, meaning to either construct or deconstruct something piece by piece. + +This could be meant as in:They are building GME back up from scratch, brick by brick + +They are demolishing their opponents Brick by brick + +or + +They're building a new Crypto/nft system brick by brick + +at this point it's unknown but sure as hell is fun to speculate over + +I asked my Brick but he didn't make no sense + +&#x200B; + +https://preview.redd.it/6wcglu8bmk871.png?width=512&format=png&auto=webp&s=d2f90b94aa27e764116db10335fc25271868e0b4 + +Or who knows, perhaps RC want's to become a bricklayer, who knows anymore at this point 🤷‍♂️ + +&#x200B; + +[credit to u\/stonk\_sandwich](https://preview.redd.it/qxirr1mgmk871.png?width=577&format=png&auto=webp&s=d83399bb9e8bda8ad03e6ac945c746602b98360d) + +or as u/janedoi has interpreted it + +&#x200B; + +https://preview.redd.it/enfyrf8hnk871.png?width=960&format=png&auto=webp&s=fa6edff91fa31b6d8d7530ecf246cd9590a3f518 + +&#x200B; + +Also u/chayse1984 drew up some pretty lines, I'm to stupid to understand it, but... I'm just going to put on a helmet just in case. because this looks bullish to me. + +https://preview.redd.it/07iugyz4nk871.png?width=640&format=png&auto=webp&s=3cadbc93d3bef14b06687bd5abf4a0c2171540dd + +&#x200B; + +https://preview.redd.it/0q2g1bujnk871.png?width=554&format=png&auto=webp&s=5e47b4e9bb2a7f9dfeea7ccd01c698201a0e6af9 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/s1ab8rzlnk871.png?width=400&format=png&auto=webp&s=33851ee3f45eab614827102b8565dd5fd1a64344 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1:GME FTD, FTD every fucking day.... + +&#x200B; + +[credit to u\/Bootheskies ](https://preview.redd.it/aotcb8hx2l871.png?width=1920&format=png&auto=webp&s=185da8f393868b4ce7239096341126c99f0d2233) + +&#x200B; + +&#x200B; + +https://preview.redd.it/73qow8673l871.png?width=4096&format=png&auto=webp&s=3d07f43830438cfb92acc829d5d7beb221f3384c + +Short volume ratio update by [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +&#x200B; + +# We passed 500K members, superstonk is half a million stronk! + +[https://www.reddit.com/r/Superstonk/comments/obcrru/rsuperstonk\_hits\_500000\_members\_congratulations/](https://www.reddit.com/r/Superstonk/comments/obcrru/rsuperstonk_hits_500000_members_congratulations/) +Gary D. Cohn, President Trump’s top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday. + +The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trump’s plan to impose large tariffs on steel and aluminum imports. + +“Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again,” Mr. Trump said in a statement to The New York Times. “He is a rare talent, and I thank him for his dedicated service to the American people.” + +Mr. Cohn is expected to leave in the coming weeks. He will join a string of recent departures by senior White House officials, including Mr. Trump’s communications director and a powerful staff secretary. + +Yet the departure of Mr. Cohn, a free-trade oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the president’s economic decisions and on the financial sector. + +https://www.nytimes.com/2018/03/06/us/politics/gary-cohn-resigns.html + +My husband and I closed on a personal residence a couple of weeks ago. The home has a basement ADU/studio that we planned to rent out. A little while ago, the city called us to inform us that the basement unit wasn't permitted and couldn't be because the ceiling was 1.5 inches too low. The city became aware of this because the previous owner had rented the entire dwelling to a drug dealer which led to neighbors complaining and the city eventually coming to check it out. First, on the seller disclosures, they checked "Yes" on the box that said "Did any previous owner make any alterations to the home?" and "Don't Know" on the box that said, "If alterations were made, were permits or variances for these alterations obtained?". When talking to the guy from the city, he said that they had added the ADU without any permitting and when the neighbors complained, they tried to get permits and were denied. He also said that he had told the seller about the rejected permits over the phone in March, more than a month before the property was listed. Additionally, the listing description included information about the ADU saying that you could rent it out for $1000/mo. The day we closed, the listing description was changed and any information about the ADU was removed. + +&#x200B; + +I feel like a fool for not doing the same due diligence on my primary residence as I do for investment properties but too late for that now I guess. Had we known the basement wasn't permitted, we definitely wouldn't have purchased the home. Do we have any grounds to sue the seller? If so, what do we even sue for? Outside of legal action and 'do better research next time', does anyone have any advice? Affording the mortgage without the rental income won't really be a problem but it's still about $1000/mo we didn't want to spend. + +&#x200B; + +Edit: I just realized that not only do we take a rental income hit, the value of the home is decreased about 20%. Along with the description change, the total sqft took giant hit. Since the ceilings are low, not only can it not be an ADU, it also can't be livable space. Don't know why it took so long to realize this but that might suck more than not having rental income. +$Munch Just reached 8k holders. Low Mcap. It has a fully doxxed team. Not a memecoin or shitcoin. It has utility. Munch is building a charity launchpad to help make the world a better place Rewards: 5% transaction costs shared over all holders, other 5% to charity. $2.5 million donated to givewell.org in its first month! Give to charity and make a passive income at the same time. +Community votes: the community decides which cause each month via a voting system. You're in early enough before other exchanges start listing, including KuCoin among others. Making headlines in its first week! Including: Yahoo Finance, CNB, Bitcoin News and many more! Big marketing budget. +Experienced devs with an amazing portfolio. Fast organically growing community. 6+ million followers influencers on board, as well as many others. Already listed on CoinMarketCap & Coingecko in its first week. Listed on Uniswap and Coinsbit. Roadmap: + +2021 Q2 +✔️Website V1 +✔️CoinGecko listing +✔️CoinMarketCap listing +✔️Contract audit +✔️Whitepaper V2 +✔️Establish marketing, growth, and operations strategy +✔️Influencer marketing +✔️Grow social media and brand phase 1 +✔️Community contests and giveaways -> (current) NFT Artwork competition: https://twitter.com/MunchToken/status/1395079231214956547 + +✔️First PR with charity partner (Givewell) +✔️Small surprise: $MUNCH MILLIONS LOTTERY : https://twitter.com/MunchToken/status/1394663525742747651 + +First digital advertising campaign +Upcoming bridge to BSC (Binance) soon -> sneak peek : https://i.imgur.com/gvO048J.jpg + +2021 Q3 +Register legal entity +Website V2 -> sneak peek : https://i.imgur.com/YusTrMK.jpg + +✔️Launch governance system and charity voting webapp : https://vote.munchtoken.com/#/ +Launch several marketing campaigns +Corporate partnerships +Influencer collabs and cameo +Listing on a top 10 crypto exchange +Strategic partnerships with major investment channels +Charity NFT partnerships +New staking rewards +Launchpad platform (design phase) + +2021 Q4 +Aditional exchange listings +Launchpad - for social causes +Launchpad - for new crypto projects +Charity NFT marketplace beta + +2022 Q1 +Launchpad - for individual causes +Accepting crypto payments/donations as a service - automated wallet setup and partner APIs + +Tokenomics: +5% of each transaction will be sent to a charity picked by the community, at the beginning of each month. +Earn passive income hodling with 5% of each transaction being distributed to Munch holders! +30% to burn over time (30T) + +Coingecko: https://www.coingecko.com/en/coins/munch-token + +Coinmarketcap: https://coinmarketcap.com/currencies/munch-token/ + +Subreddit: r/MunchToken +Telegram: https://t.me/munchtokencom +Youtube: https://www.youtube.com/channel/UC9mrzv6MB23uUPTrBpLz1zQ +Website: https://munchtoken.com/ + +Location India + +I lost my Dad in first wave of Covid and My Mom in second wave of Covid. + +My Dad was is Government Job and he passed away after 6 months of his retirement and My mother (housewife) followed him after 6 months. + +Now I love my Parents but they are still humans and they made mistakes which now I have to deal with. I have three young siblings 2 brothers and little sister (One bro is on job WFH) and other two are in college. + +Thing is my whole life(I am 30 and Single btw) I have like lived in small apartments even though my parents moved from one place to another ..I was happy with my little home sweet home… + +Things started to get out of hand when my parents took out a loan to build a big fucking house and to be honest it was a good feeling living in a big house but after 2 -3 years reality hit and we were in debt…Idk what happened since my parents didn’t share anything with me but my mom slowly sold her jewellery and stuff ....It took me 1-2 years just to figure out WTF went wrong… + +Conclusion-My Parents we’re really bad at making financial decisions. It wasn’t untill 2017 when I decided that my parents are taking bad decisions. + +I took the financial authority in my hands and believe me it was not easy ..I had failed in academic my whole life and had OCD,MDD and ADHD… + +I went to a psychiatrist and meds help me become more independent..I was transformed.. Now whatever my parents said about me not doing a job or anything did affect me.. + +In two years I changed the flow of money and used every strategy to get out of this debt hole… + +My parents were impressed and they started accepting me and my way ..I thought one day they would say”I am proud of you my son”….But I never got to hear those words. + + +Now the thing is I have a Big as house which will require a lot of expenditure and cleaning …It’s just so exhausting. + +Yet my siblings are so attached to this house say that “Mom and Dad built this house” and this is why I can’t start the topic of selling this house and buying a small one or going on own way.. + +Believe me when I tell you ..If I leave this house this my siblings won’t be able to handle this…They freak out about financial matters. + +They take this for granted and think that financial conditions have improved was just a coincidence or some kinda reward from universe. + +The only thing I care about is having money in my pocket ..I don’t want fancy cars and big houses… + +Sometimes I think of packing my bag and leave this house ..and it will be only a Matter of time when my sibling realise and come to their rational sense. + +I just wanna be free that’s all. + + +Tell me am I a monster for thinking like this….I can’t focus on my well-being…I remember my mom being in constant stress and even she used to say that she wants to run away (freedom)…Big house is a stress… +Trailer: [https://youtu.be/TqkjyI1QD2A](https://youtu.be/TqkjyI1QD2A) + +It's Based on the international bestseller economist Thomas Piketty's book with the same title. The documentary gives an in depth look into the mindset of wealthy people. How they value inheritance above all else. Everything is about owning land/real estate and power. It's like these people are living in medieval times. + +The documentary explains why wealth inequality keeps growing and why it likely won't ever stop without something drastic happening. It's very interesting stuff. Has anyone here watched it? +I am planning to buy a Business News subscription and am contemplating between Business Standard, Mint and Bloomberg Quint. The idea is to buy one subscription which holistically covers all Business news in India and also provides quality OpEds. + +All 3 services are priced similarly with multiple discount campaigns running year-around - so that is not a constraint. + +* Any other option that I should look into? +* Any benefit of subscribing to more than one news subscription? + +Extra points if the subscription service has a good mobile app and push notifications. +https://economictimes.indiatimes.com/markets/stocks/news/govt-withdraws-higher-surcharge-on-fpis-and-domestic-investors/articleshow/70804774.cms + +>Finance Minister Nirmala Sitharaman on Friday said the government will withdraw enhanced surcharge levied on long and short-term capital gains. + +>The FM also announced the withdrawal of enhanced surcharge on FPIs. Pre-Budget position restored on surcharge on domestic investors too, she told media. +I'm in highschool and I got a part time job a couple months ago. I just hit 1000 dollars and I wondered what I would do with it. My friends told me to get a new laptop or Gaming PC, but my laptop suits my needs and I don't need a gaming PC. What's the smartest way to spend 1000 dollars, especially in highschool, that I can use for schoolwork and fun? +When someone makes money from trading stocks and shares - where is that 'won' money coming from? Does it mean someone, somewhere is losing money or somehow being cheated out of money? +Part 1: I've been here since January 2021. Back then I was just lurking because honestly I thought all of you were crazy. Legit. I believed MSM and the like. I thought all of you shouting "Moon" "MOASS" "APES" "🚀" "💎✊" were deluded morons. (Not in a good way) + +I sat back and watched the run up. Saw DFV go on "trial" for talking about stuff he liked. Saw RC get elected chairman. Saw a brick and mortar company evolve into something good. Something greater than what I thought possible. I saw the outgoing shit show and the in coming elite. People that understood crypto. Customer service. Technology. An e-commerce market place. A fucking wallet. I saw this all come together in such a great and natural way. I saw a debt ridden down trodden company go from bankruptcy to billion in cash and zero debt! + +I'm just now starting to see the full picture. It's now STARTING to come together and it truly is one of the most epic build ups in such a short amount of time. If any of you see FUD here. Lies. Dishonesty. False Hype and Hopium. I want you to remember one thing. There is ONE REASON and ONE REASON ONLY, GME is on fast track to change this entire market! + +US! THATS IT. Thats the reason! If you're reading this and you bought in and you will never leave. LOOK IN THE MIRROR. YOURE THE REASON GME WILL FIST FUCK EVERY NAY SAYER, CRIMINAL AND IMMORAL PERSON GOING AGAINST THIS MOVEMENT. CONGRATULATIONS. + +Tl;Dr some motivation. We've come a long way! All of this is thanks to you! + +Part 2: now that the fluff is out of the way. I see a lot of newbs here pissing their panties about July 18 - 22. I need you idiots to know something. This isn't a free market. There's criminals running the show. Never take anything at face value and remember this always. MOASS IS TOMORROW! What does this mean "stranger on the internet"? Well dum dum I'm glad you asked. + +This entire saga actually started in 2020. And if you want to get really technical it started in 2007 - 2009. Basically when FINRA was formed. There's been a lot of shenanigans with various companies being manipulated. NOT JUST GME. + +Dr. Patrick Byrne CALLED IT OUT over 10 years ago! 10 FUCKING YEARS AGO. +https://youtu.be/BdBe5_8z53A + +This is a must watch. If you've seen it. Then you know that we are currently in the era of "Find Out". The Find Out Era is only possible by the previous,  very short lived "And Era" this Era was from January 2021 - July 8 2022. The timeline prior to January 2021 is known as the "Fuck Around Era". + +Important to note. That people have been fucking around in this market for so long that they are about to find out the dire consequences of their actions. But me being a seasoned GME Rollercoaster rider. I'm here to tell you 6 month apes. We are just beginning. This is the best investment you will ever make for yourself and your family. The key to staying zen... buy, HOLD ON FOR DEAR FUCKING LIFE, and DRS! Remember when the price moves down instead of up repeat this over and over in your head. MOASS IS TOMORROW. + +Tl;Dr the less experienced need to hold on for dear life. DRS and stay Fucking zen. MOASS will be riding in on its pale horse soon enough. + +Part 3: NOT FINANCIAL ADVICE. I'M AN IDIOT CONSPIRACY THEORIST. DON'T TAKE WHAT IM ABOUT TO SAY AT FACE VALUE. I'M STUPID.... some predictions for the future. + +Yall ever heard of Amazon? What about Amazon prime? Yeah that's all stupid bullshit compared to GMERICA and its takeover of the online marketplace. + +You all like steam? You like going to Gamestop to pick up games and supplies? Me too. That's about to be just one facet of this multi sided diamond of a company called GMERICA/ Gamestop. + +You all like crypto? Good. Because the GME wallet is coming and it will hold your credit, fiat and crypto. It will pay for anything and everything under the sun. + +You all like buybacks? Well if you've made it this far... I have something to tell you. If July 22 hits and we drop.... dont think that Mr. 69420D chess master won't do a buy back. +You all Like dividends? There will be a crypto dividend after the market place is up. + +Tl;Dr there are so many ways to Fuck GME and its shareholders. Yet we're going to keep buying more and never selling. They've been fucking around for so long and the shenanigans continue. We are now in the Find Out Era. That's what's about to happen. Watch! + +I dont know about you but I'm + +NOT + +LEAVING! + +HAVE A GREAT MORNING. + +Edit: nice Snek award. I'm glad I can reach into a shills anus and rip out their stomachs. Fuck you pay me! +Got the notification the other day that the property we wanted to bid on was under offer. It was meant to go to auction the next day, but went under offer the day before. + +We called and emailed the agent a number of the times over the fortnight leading up to the auction, but they just ignored us. We didn't get a call back to the messages we left, or responses to the emails we sent, so we figured we'd just turn up at the auction day and bid. But it sold. + +Ironically, they answered immediately when we called after the [realestate.com.au](https://realestate.com.au) app notified us that the property was under offer. It sold for $150k less than we were prepared to pay (and we have the cash ready to go). + +This is the 4th time in 6 months the agent has let the seller, and us, down. Usually they come in waaaayyy overpriced, and make us feel like its out of our budget (or, more-so, overvalued) - so we move on. Months later we get the notification that the place has sold for a lot less than we were told, and less than we were prepared to pay, had we not been given a bullshit amount to begin with (we would have opened negotiations higher in every case so far). + +Good job agent, that 300m2 speccy home on a shit block is definitely worth as much as that 650m2 custom with high end finishes on a premium block 2 streets away. That must be why it sold and yours is still on the market after 120 days (true story, and I'd blame the vendor if it wasn't for the fact that all the agents listings are like this). + +Anyway, as far as I can see, having been both a seller and a buyer, why do REA's still exist? Why haven't they been replaced with an app yet? They seem to only know how to regurgitate rpdata 'estimates' and haven't really got a clue what a house is worth (4 agents literally gave us the same print out from rpdata, which had a bunch of incorrect data and was nearly 200k off land+house value for our old place). +I saw the other post about cost of kids and wanted to throw my experience in. I'm at a FAANG company, and a few friends there were talking about how they would never send their kids to private school despite easily affording it. + +As someone who went to one of the best public high schools in the country, I feel that the benefits of going to a top private school is understated. $30-40k for 12 years is probably too hard of a sell, but I think it's worth it for high school. + +The main issue with all public schools is a lack of resources and support. It ends up being a dog fight for scraps. Despite my high school being top of the country for activities like debate or for many sports, the students had to raise money for tournaments and events. Last I checked, the debate team is severely in debt (this is with the few rich parents already heavily subsidizing costs). They will only send the best two or so teams. This means that unless you're amazing from day one, or are willing to stick along despite being sidelined continuously until you get lucky, you'll drop out. I remember day one of many club meetings being packed with 40+ kids. Two weeks later, it was whittled down to 10 kids. You are forced to commit hard and early to one/two activities. This would be way worse for less competitive high schools since they have even less resources. + +This permeates to all events and scholarships. The school wants the best to succeed and will allocate resources accordingly. This means a few prepared students end up monopolizing most of the resources. A good parallel would be UC Berkley: beginner CS lectures are so packed that there aren't even enough seats in the lecture halls. That number drops significantly. Despite being one of the best CS research schools, very very few actually get to enjoy the benefits, compared to schools like Stanford or MIT where it's much more accessible. + +Quality of education is a bit more subjective. I've had amazing teachers, but way more horrible ones. In my original state, # years worked gives teachers precedence. That meant there were lots of terrible teachers simply was in the system a long time. The administration is thorny and often unfriendly. My friend decided to take a gap semester in high school after getting a prestigious research position that even top college students competed for. He nearly was failed due to some weird rule and the principal not caring until a backlash. My private school friends mostly have the opposite experience. + +Another point is with colleges. I'm going to save the talk about going to a top 5/top 10 college, but to most this would be important. My high school could be considered a feeder for Ivys compared to most schools in the country but it's still not great compared to some private schools. Colleges are leery to accept more than X students and hard caps the numbers. Some private schools send like >70% of their class to Ivies and one private school in my area infamously would send 2/3 of their class to the same Ivy. There are other benefits like college counselors having special relationships with admissions offices and whatnot. You'd have to shell out tens of thousands on private college help to achieve the same results outside the system. + +My last point would be the catch-all of culture. Diversity and being in touch with the "real world," is pretty important. I went to an Ivy and balked at the amount of clueless private school kids. At the same time, there were a lot of grounded kids. What I can say is that, either just being originally rich or the school culture cultivates a certain mannerism. I don't know how to fully describe it, but the ease and style of interaction with high society and authority. The best word is "scheme," but it's more subtle and less insidious. I find that this is immensely useful for recruiting, networking, and any negotiations that I didn't understand. There is also the general culture of learning. My high school was immensely cutthroat whereas most of my private school friends had a more relaxed time. The relationships made in these schools is also helpful, Andover/Exeter relationship sometimes even trumps Harvard/Yale. + +I don't regret my experience, it's made me a tougher and scrappier person as a result. At the same time, it was brutal and not many people can thrive. The privileges granted to private school students personally felt very significant. Obviously, do your research and know your kids. This is one data point, grass is greener etc. Using a throwaway since my friends also browse this sub. +If you a solo freelancer /consultant looking for any kind of loan and you get your income in your savings account, most banks wouldn’t lend to you. That’s because banks consider you as a business. This goes even for people earning salaries from foreign companies (eg you’re a tech guy working for a Singapore company and have a legit salary slip in SGD). Other examples include People earning from upwork, US companies, architects, lawyers etc. + +So how do you get credit in this scenario? Read on + +1. Open an individual current account, get all your income in that current account instead of to your savings a/c. + +2. File your ITR under section 44ADA for a minimum of 2 years. + +These two alone will allow most banks to lend to you. In fact almost every large private banks have Analytics to automatically offer loans basis the credit and debits in your (Individual) current account so you may not even need to approach the bank physically. + +3. Having a GST registration (zero rated GST registration in case of exports) also supports your loan application. + +4. Ideally registering yourself as a OPC (one person company) or as a sole proprietor adds more legitimacy for larger loans. Check with your CA. + +Even if you are not the kind to take a home/ personal / car loan right now, it’s best to follow these and become credit-worthy as you may never know when you’ll have an emergency. +I know that any AMC with an existing active ELSS fund cannot offer it. But there are still some AMCs that don't have ELSS offerings. SEBI allowing it must mean something, right? + + + +https://www.financialexpress.com/money/mutual-funds/elss-passive-funds-allowed-to-be-launched-heres-how-they-differ-from-existing-tax-saving-mfs/2535742/ +Everyday is hype day. I knew from day one - this wouldn't be a walk in the park. They will fuck with the price, they will fuck with the news, the sub. All is good - I hodl. Ape always seem to be buying, and I know ape hodl. Zen. Just enjoy today. Enjoy tomorrow. The future is bright. I think all ape know potential is unlimited. + +Edit: we're in a sub for GME. This post gets a ton of upvotes, then gets hammered with downvotes. Been happening for over an hour. Curious. Who would so aggressively downvote this post in a pro GME sub? Weird. +This is the official $GME Megathread for r/Superstonk. 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It turns out a friend of mine knows the system inside and out - they're a senior exchange executive (who wants to remain anonymous) and is willing to do an AMA. They have studied the system in-depth, how it connects to and relates to the DTCC, and can provide a unique perspective as a long-time industry practitioner. Also, thanks to anonymity, they can be very open and honest. Part of our mission at The Terminal is to educate and advocate, and as such we're going to facilitate this AMA next week. The AMA thread will be in our sub-reddit, and will be streamed as audio somewhere. I know we're not allowed to post about other subs or self-promote, so I'm not sure whether this falls under that, but I figured folks would want to know and I'd like to be able to answer all your questions. +It's okay to be hyped up and excited about tomorrow. It could be a fun day for those long on GME. So hype it, meme out, do whatever you like. + +&#x200B; + +It's okay to be anxious to get those official DRS numbers (ending Jan 31, 2022). It's okay to want to see a run up if the news is good. I'm not selling on a little run up. I guess a few folks with options are praying to the gods, but those of us long? Not an issue. Not going to sell tomorrow no matter what happens, good or bad. But if you think they will magically short it to infinity due to a bad report, we can only hope! Because then it really will be the best day ever. If they can pull a fucking rabbit out of their hats and actually short this fucking stock more (just holding shares for the last month trying to be first in line to run it down on earnings - 100% utilization) due to a bad earnings, that dip will put millions of new shares in investors pockets. Are they going to beat it down to the 60s? They will never understand. A lot of us have 1 goal, LOCK THE FUCKING FLOAT THROUGH DRS. Unlike last time when none of us even knew about DRS and we had no idea what ladder shorting was, or if the price would go to zero because we didn't understand market caps and a companies fundamental value, some people held, but a lot of people were shook off the stock as it hit $40 a share. This time? Oh boy. THIS TIME? This is suicide for the hedge funds if they do that. We aren't going to wake up one day and give up. We've been dragged down from $250 to $75 in 3 months. We don't care. Drag us down $70 more so we can lock the float instantly at 5 dollars. + +&#x200B; + +These guys really fucked up if they think we're scared of being shorted anymore. I'd rather go to fucking $20 a share than $220 again and hang out for a fucking year. Because I'm not selling at $220 again/again/and again. But I will put the house on $20 a share. The only thing I am anxious to see is what they do when we lock the float and they have all these fucking synthetic shares floating around like, "oh shit... we done fucked up shorting GameStop for the last 5 years thinking we wouldn't have to pay back a penny!" + +&#x200B; + +To all the new apes that bought in at 75-85, congrats for getting your moon tickets so fucking cheap. But buckle up. Be excited for tomorrow, but if things go down, just know this, these longs that have been holding for a year, are waiting for a dip to lock this fucking thing up. Cheap price, 1 catalyst, shares DRSed, instant moon. Part of the catalyst will be having these shares so cheap that EVERYONE wants at least one. When it gets to the point millions of people can spend a hundo and get 2 shares for the fuck of it? That's more of a problem than 100 people buying 1000s of shares. For one, THEY WILL HOLD. Because who the fuck sells 2 shares? + +&#x200B; + +&#x200B; + +TL/DR: Don't worry about hyping up an earnings report this time. It's DIFFERENT this time. The price is different. We've been beat down all year and don't care. We're good. We're zen. They've now shorted themselves into a fucking corner. We can ENJOY this earnings report and know, up or down, we're fucking ready. +&#x200B; + +https://preview.redd.it/zytbef77fy971.png?width=1600&format=png&auto=webp&s=477dda9b2535049db4d0bee5c0a27c5f96c16a9e + + 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/a52ksqs8fy971.png?width=680&format=png&auto=webp&s=d36e3553d83cd303505b3d221fa7fb075b182221 + +The reverse repo's for today + +&#x200B; + +https://preview.redd.it/gzhjoz7lfy971.png?width=960&format=png&auto=webp&s=d27a2d7e447324c2f2a7cfccb5f927900ce34545 + +# The moon patrol + +&#x200B; + +https://preview.redd.it/japxpopvfy971.png?width=1440&format=png&auto=webp&s=8f879c48b7f20e068f58de9366e84ddb13013442 + +[https://go.minehut.com/moonjam](https://go.minehut.com/moonjam) + +Brick by minecraft Brick, Moonjam is an event hosted in minecraft + + + +>The moon is always full at MoonJam! +> +>For one whole month — July 20th until August 20th — this lunar playground is yours to explore. Once you land at MoonJam, your first critical mission will be...to party! We're kicking off with a live concert, headlined by AJR with special guest Gunnar Gehl, right on the first day. Don't miss it! +> +>Taking on the challenge of our raffle course and star hunt could earn you a Squeakee Dino or a custom MoonJam ASTRO A40 TR Headset, exclusive to this event! +> +>There's a whole universe out there, so what are you waiting for? It's time to go zero gravity! + +&#x200B; + +[ingame ads for gme](https://preview.redd.it/g2aa1uyagy971.png?width=1536&format=png&auto=webp&s=641671be687f45e6192930a4e28a2dff4a5f41ae) + +Now lets look at some other info to feed a tinfoil bias, first of all minehut is owned by SLGG. + +written by u/FloTonix **and** u/flyingwolf + +>After traveling 240,000 miles in 76 hours, Apollo 11 entered into a lunar orbit on July 19. The next day, at 1:46 p.m., the lunar module Eagle, manned by Armstrong and Aldrin, separated from the command module, where Collins remained. Two hours later, the Eagle began its descent to the lunar surface, and at **4:17** p.m. the craft touched down on the southwestern edge of the Sea of Tranquility. Armstrong immediately radioed to Mission Control in Houston, Texas, a now-famous message: "The Eagle has landed." + +and + +>Want to really jack them titties? +> +>[https://nssdc.gsfc.nasa.gov/planetary/lunar/apolloloc.html](https://nssdc.gsfc.nasa.gov/planetary/lunar/apolloloc.html) +> +>Apollo 11 was jettisoned at ***7:41PM*** EDT on July 21, 1969. +> +>Anyone we know have a seeming fetish for 7:41pm... + +&#x200B; + +Again it's tinfoil at best but still interesting to speculate about. + +&#x200B; + +https://preview.redd.it/onx2o0g3hy971.png?width=640&format=png&auto=webp&s=bcf12ecc681773433a464bd2fcc01f57350acf0d + +Finra needs your input. + +Now we're normally against commenting on mass, or even telling the sub "go quickly bla bla bla". + +But here is the thing, this lady from Finra is asking the Apes directly, so be sure to leave them your opinion as this wont affect any of the rules in writing but could help create new ones. + +But for the love of god please be respectful, shit flinging never helped anyone ;) + +&#x200B; + +https://preview.redd.it/7t8oeevxhy971.png?width=640&format=png&auto=webp&s=373a8cd45f01fbee608d126675ae6ad83387fe3f + +I have no further information on this lawsuit but did think it was interesting to share. + +# + +https://preview.redd.it/k4ysve3viy971.png?width=571&format=png&auto=webp&s=c5ba470776673b39773162d9589367b3c77e0179 + +# It's dangerous to go outside alone, take this! + + u/onlyfuturehuman did something amazing, he backed up almost every DD in single consolidated pdf, this is seriously super impressive and I'm thankful he did this, be sure to give his thread a quick read and save the PDF in case of a reddit blackout! + +[https://www.reddit.com/r/Superstonk/comments/ofl270/in\_case\_of\_emergency\_break\_glass\_the\_superstonk/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ofl270/in_case_of_emergency_break_glass_the_superstonk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +OBV action + +by u/CitesQuo **Hollandse Hunk** + +Would be a shame if someone could see the sideways OBV, seeing no major selling is happening right? + +&#x200B; + +https://preview.redd.it/2yjyacttiy971.png?width=960&format=png&auto=webp&s=d1ea3297575ccf2bd5d5cd65a6e9f63e04ccd703 + +&#x200B; + +https://preview.redd.it/7h06u3tcjy971.png?width=320&format=png&auto=webp&s=34f377939acd544bc4383cd800dacc1334e8c4f2 + +You get a Crypto, I get a Crypto WTF IS A CRYPTO!? + +Like most of you I think "magic internet money" whenever I hear crypto, I'm not sure what it does or how it functions other than you can mine it and use it to pay for stuff. + +Thank god our internal jellyfish u/Dismal-Jellyfish wrote a DD about whatsup with the crypto stuff + +[https://www.reddit.com/r/Superstonk/comments/ofndb0/a\_crypto\_dive\_with\_the\_jellyfish\_10\_things\_about/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ofndb0/a_crypto_dive_with_the_jellyfish_10_things_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It's enough to at least start thinking about crypto and what we could expect from it. + + + +https://preview.redd.it/3s0vxidrjy971.png?width=550&format=png&auto=webp&s=12268bfcd064abb2c0bbe4145bfc3541d46fcdd2 + +Ready, Get set... Ladder attack + +So I've seen some newer apes complain about the opening and get demoralized, first of all welcome to the club buddies! +This stuff is fairly normal, on most days you'll see the first hour or so get the price hammered down without any real reason. +Good news, down, bad news, down, no news, down, Electing Ryan cohen to the Director of the board, believe it or not down. +And to give you some proof that it's not just my opinion but something that happens consistently you can check out the following thread by u/FreezYourMind : + +[https://www.reddit.com/r/Superstonk/comments/ofpn49/gme\_chronology\_of\_a\_shortselling\_attack\_you\_can/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ofpn49/gme_chronology_of_a_shortselling_attack_you_can/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# + +https://preview.redd.it/2u1c2mtpky971.png?width=950&format=png&auto=webp&s=bf80d84292e1041e5a63d563afc25f9208db468d + +# LEGOOO + +ok so lets end this on a happy note, u/the_end_is_neigh-_- made a super sweet concept in this thread + +[https://www.reddit.com/r/Spielstopp/comments/oerfy9/gamestop\_laden\_f%C3%BCr\_lego\_ideas/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Spielstopp/comments/oerfy9/gamestop_laden_f%C3%BCr_lego_ideas/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +He made a lego set and trying to get it approved by lego and has a signiture thing going on here: +[https://ideas.lego.com/projects/906f72e1-46fd-4228-b364-a3fbb7cea249](https://ideas.lego.com/projects/906f72e1-46fd-4228-b364-a3fbb7cea249) + +I guess loads of people really still like lego, so I thought why not share. + +&#x200B; + +&#x200B; + +https://preview.redd.it/zrijrel2ly971.png?width=554&format=png&auto=webp&s=e338d58fff8196406519206953e588d816c32418 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/t8rvwnz4ly971.png?width=400&format=png&auto=webp&s=e595f3f0347e976da97b106b16db3eff08b33809 + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +The average PE ratio for the **S&P 500** has historically been **13-15**. + +Out of the [Top 100 stocks by market cap](https://assetdash.com/Stock/largest-companies-by-market-cap?m=Earnings), **81** have a **PE ratio over 20**. + +* The highest PE Ratio in the Top 10 is **Tesla** at **1,034.55**, the lowest PE ratio in the Top 10 is **Berkshire** at **15.39**. +* Apple, Amazon, Microsoft, Google, Alibaba, Facebook and Tencent all have a PE Ratio above 30. +* The "best" PE ratio in the Top 100 is **China Mobile Limited** at **8.26.** + +Is PE Ratio still a "meaningful" metric in 2020? Do you still use it when evaluating a potential investment? +As I’m writing this post ETH is at $720 with a total valuation of approximate $69 billion as seen on [coinmarketcap] (https://coinmarketcap.com/currencies/ethereum/). + + +The price surge we’ve seen in the last days and weeks is thrilling. + + +We went from $330 to $720 in 30 days, that’s an increase of 120%. + + But the bullrun won’t last forever. + + +We might see a correction coming EOY or at least we’ll find a new support level where we consolidate. + + +*But what’s the outlook for ETHs price in 2018? And what would be the katalysts driving the price upwards?* + +* **DApps** Several DApps will go live in 2018, running thousands of contracts using ETH as gas to fuel their systems. + + +* **ETH Futures** It is more or less still a rumor that ETH will be traded on [traditional markets] (https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-17-nov-like-bitcoin/amp/) just like Bitcoin, but will come eventually. + +* **Hardcap** The Ethereum dev team is discussing to cap the total supply of ETH to anywhere between 102 and 120 million ETH. This would not only make it finite and scarce, it would also stop the "money printing" arguments. + + +* **ETH sinks/burning** The dev team around Buterin are discussing to implement “ETH-sinks” and burning ETH with contracts as a method to regulate supply and inflation. + + +* **Scaling solutions** 2018 Ethereum will address the main problem of blockchains: scaling. Several projects like Truebit, Raiden, Sharding, POS and Plasma are all being developed actively and some are even deployed on the Testnet. + + + +* **Proof of Stake** The switch from mining (PoW) to POS is the hottest topic for ETH in 2018 since it will not only make the network quicker and safer, it will also pay *2-8% annual dividends* to stakers all while saving massive amounts of energy. + + +With all the above mentioned points I’m thinking that ETH will have a successful 2018. + + +ETHs market cap is currently nearly double the market cap of the whole crypto market from January 2017. + +I think everything below $2000 per ETH EOY 2018 is an understatement. + +TLDR: Here is a picture for you. + +&#x200B; + +[All Holdings of GME Across ALL 13F Reports](https://preview.redd.it/sg1myj7pdh291.png?width=463&format=png&auto=webp&s=588c875dee4882b26573f9c95876887de4507455) + +&#x200B; + +I've been digging into the 13F reports a lot lately. I've posted about Sus and Wolverine both in the past day or so. I've been trying to figure out patterns in each Managers' holdings. I ended up taking ALL of the data from ALL of the 13F reports filed over the last 3 Quarters and put it into a spreadsheet. + +[If anyone wants to play along at home, I exported all my data into a csv file and put it into pastebin.](https://pastebin.com/BScff7Sz) + +I checked all the data 741 times, but no guarantees I didn't fat finger something. + +Anyway, there are over 400 companies that have filed a 13F report claiming to have a position in GameStop in the past 9 months. (Most of them have one for each quarter unless 1) they closed out, or 2) recently bought in. + +I sorted that data and then calculated the change in position between 4Q and 1Q...then sorted by size of that chage. And Apes: ***let me show you why my nipples exploded:*** + +&#x200B; + +[Top 80 positive changes in GME position from Q4 to Q1. ](https://preview.redd.it/4y244raseh291.png?width=910&format=png&auto=webp&s=4eda94dbb1b97a27b5b101dbaae571be396a2b39) + +🚨THE THREE COMPANIES WHO HAVE BOUGHT THE LARGEST AMOUNT OF GME CALLS DURING THE FIRST QUARTER ARE SUSQUEHANNA, CITADEL AND JANE STREET.🚨 + +They KNOW they are fucked.🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Not only are the short funds going long, the entire market is. For instance: D.E. Shaw closed their puts and bought 660k moon tickets. + +&#x200B; + +[D.E. Shaw Decided to board the Rocket](https://preview.redd.it/vw5na41igh291.png?width=927&format=png&auto=webp&s=830fdc456ab5e72811e0f2861ae3a68d3fb433c1) + +A lot of companies are doing this. Here are the consolidated total including all 400+ companies that filed a 13F: + +&#x200B; + +[Puts are inching up; Shares and Calls and skyrocketing.](https://preview.redd.it/psuro63afh291.png?width=312&format=png&auto=webp&s=9e3c948cdff07ffd33744c85ca02bddecca73604) + +Big Rocket Energy. It looks even better in crayon: + +[Everyone knows. ](https://preview.redd.it/a1ld9qcgfh291.png?width=463&format=png&auto=webp&s=5a5214b8a7d92aa066c677758c308ee45d9173d4) +I read a post that had a title “Best Countries To Live Off Of Dividends” and I was wondering, which state in USA would be best to retire based of just your dividend income. +I see a lot of posts asking Reddit and their subs for which stocks to pick. I have a strange idea; steal the homework from professionals who know what they're doing. Example? First Trust Portfolios has a unit investment trust that focuses on high dividends. Their process goes as follows: + +* Begin with the S&P 1500 +* Market Capitalization > $250 million +* Dividend Yield > 3% +* Payout Ratio < 90% +* Cash Flow Analysis and Professional Judgement + +That's it. You let them do the homework. Here is what they came up with: + +* Omnicom Group ($OMC) +* Verizon ($VZ) +* H&R Block ($HRB) +* Legget & Platt ($LEG) +* M.D.C. Holding, Inc. ($MDC) +* General Mills ($GIS) +* Kellogg Company ($K) +* Philip Morris ($PM) +* Walgreens Boots ($WBA) +* Citigroup ($C) +* Citizens Financial Group ($CFG) +* KeyCorp ($KEY) +* Principal Financial ($PFG) +* Prudential Financial ($PRU) +* Truist Financial ($TFC) +* U.S. Bancorp ($USB) +* Cardinal Health ($CAH) +* Merck ($MRK) +* Seagate Technology ($STX) +* Western Union ($WU) +* LyondellBassell ($LYB) +* Newmont Mining ($NEM) +* Schweitzer-Mauduit ($SWM) +* American Electric Power ($AEP) +* Public Service Enterprise ($PEG) + +The current dividend yield (TTM) is 3.30%. + +I have no opinions about any of these companies. I save those for my own subreddit (look it up). For you newbies, though, this is a good list to brainstorm some ideas. + +Here are some links: + + [High Dividend Equity, 49 (ftportfolios.com)](https://www.ftportfolios.com/Retail/dp/dpsummary.aspx?fundid=15989) + + [HDEQ Fact Sheet (ftportfolios.com)](https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=09cdeec1-4634-4c8e-bc48-0dd76d0c52c2) +My kids dad the Forman is frustrated. Something to consider if your looking for a career. + +I’m not simply talking carpentry. There’s plumbing. There’s OSHA inspections. Electrical. Welding. Some of it isn’t even physical. + +Please read the entire comment section. Lots of job opportunities. +Lot’s of chatter going around inflation and how the dollar value is going down with all the money printing and the circulation supply. + +Some folks are saying how to hedge with BTC etc. + +A million dollar today in 2030 may be worth only $600k etc. + +So I am curious to know from folks on this sub, how are you guys hedging against inflation? +I'm sure this question has been asked before, but I'm a software engineer. I'm not a trader. I have a decent understanding of the terminology and how the stock market 'works' (from a high level stand point, I understand how an option contract works, not saying I know how to necessarily make money with it). + +I've thought about instead reaching out to proven traders and just instead implementing their algorithms for them. In my failing pursuit to become a successful algo trader on my own, I did create a decent 'framework' and web monitoring dashboard (my whole hypothesis was to be able to test/monitor/create algorithms fast and the rest would fall in line...that didn't work, but it isn't completely unhelpful either!). + +Have any of my fellow software engineers ever done anything similar to this? How has it gone? + +A few reservations I've had with doing something like this and from what I've seen: + +- Your DMs will fill up with people who just want to slap a ton of indicators on hoping it will work + +- Unprofitable traders think you'll be the holy grail to them being profitable + +- Traders who take software engineers for granted. This is just a personal gripe lol, but some of these people think 'software engineering' is a 100 line python script + +- The trader just wants to hire you and parametrize their algorithm to protect their age (which is fine because I'm sure these traders have spent countless hours finding that edge, but at the same time they likely won't like the price you had on developing your software either) + + +Anyways, just curious to get others perspective. I'm sure I'm not the first person that has thought of this. Obviously my goal like most people here is to make money, so just trying to vet potential ways to do such a thing. +I'm a newbie in algotrading and testing out different strategies with historical data, but I'm having trouble defining highs and lows for trend identification. Is there any mathematical definition to highs and lows like marked in the below picture? Is there a good way to draw these lines programmatically? I'm using Python and Pandas if that helps. Thanks! + +https://preview.redd.it/43h2nhwkh3w61.png?width=602&format=png&auto=webp&s=77f55bef31b1b8dc601275fdad8d6eb5e26d902f +I’ve been investing majority of my savings into the very conservative TFSA fund with RBC but MER is high and my portfolio is down 9%! I don’t want to withdraw with a near 10% loss. Just looking for advice on whether I should sit tight until I regain lost equity. And also advice on which funds might be better to invest in with a lower MER or ideally 0 MER +But it was some of the things I expected it to be. + +This is my first post here, though I’ve been commenting on this sub for a while now, and I lurked long before that. I want to share my story because I think it will resonate with many people here, and maybe it will help some people. It probably will most closely resonate with people of a similar background: tech workers who are feeling jaded after working at a large tech company for a few years. However, I think it could be relatable for anyone considering leaving a comfortable but unfulfilling job, in search for something more meaningful. This post is not going to cover many specifics about financials or financial advice, but a FI mindset strongly influenced my decision-making. It’s a common topic of this sub to experience a longing for more fulfilling work, especially once you have FU money or are approaching coastFI, and having made the leap about 9 months ago I think I have some insight about how things can turn out if you choose to take a leap of faith. + +I also fully acknowledge that many on this sub don’t experience a need for more fulfilling work; several of you find other means of fulfillment and just want to FIRE ASAP, period, and that is totally fine, but this post may be less relevant to you. + +#Background + +I joined a FAANG as a software dev after graduating college. I was fortunate to graduate with less than 10k in debt, and I paid it off quickly. I performed well and was promoted after about two years. As my NW increased, it felt like blinders were slowly being removed from my eyes. Like many people on here, I had a lot of anxiety about financial security growing up - so much so that getting a high paying job was virtually all I thought about since I was in high school. As my NW hit 100k, I started to feel somewhat secure about money and my employability; I took a step back and started to realize that I was never going to feel fulfilled by the work I was doing (which involved working on an interesting but not very impactful smartphone feature). Without as much financial anxiety, I was able to give myself space to reflect and understand what my real goals were - something I had neglected for a long time. + +I tried to make it work on my old team. I thought that if I found the right kind of role or peer group, I could tolerate not feeling like my work was that important. But I knew deep down that wouldn’t be the case. + +I also looked for opportunities on other teams. I think this could have worked out. I found one opening that seemed like it would be a work style I liked better (TSE rather than SWE), and in an area that felt more impactful (healthcare). + +But I ended up finding an opportunity elsewhere that was more risky but seemed potentially more rewarding for me. + +#Reflections and the next opportunity + +In my reflections, I realized I really regretted not taking more humanities and social science classes in college. I barrelled through the CS curriculum with tunnel vision, intent only on getting a job at a FAANG or similar. I had always wanted to study psychology, but, coming from a family of engineers, voices in my head always told me that wasn’t a “real” field. + +Additionally, I started to feel a growing need to do work that was impactful and helped people. I think anyone might feel this longing, but I think those from marginalized communities such as myself might be especially likely to feel this need to give back. As my confidence in my abilities and skills grew, it started to feel ridiculous that I wasn’t using them for social good. + +I began searching for career paths that would scratch my itch to learn about more social science fields, and that would be impactful in ways I found fulfilling. I still wanted to work in something at least partially technical, since I wanted to make use of my skill set. I eventually found a not-for-profit research center nearby that focused on applying computational methods to complex social problems, varying from sex trafficking to religious extremism. I reached out to the organization, and ended up meeting some staff to discuss the field and what I might do to get involved. I was hoping for some PhD program recommendations, which they gave (for anyone wondering, they recommended I apply to CS or Engineering programs, and specialize in something like computational social science). But it also turned out that they had a grant that was getting dispersed in the next month, and someone with my background would be appropriate for one of the roles in that project. + +At that time, I had about 110k in retirement accounts, 70k in taxable accounts, and around 10-15k cash. I was 24 years old. Arguably, I was lean-coastFI, meaning if I didnt save anything more, I could probably be leanFI by retirement age just on the savings that compounded. I don’t remember the exact numbers, but at my old job I was probably making close to 200k/yr including RSUs and bonus. I got an offer for the other job, and the pay was 88k - not a terrible salary but definitely a huge cut - still, I was expecting 65-70k, so I was a bit surprised. Healthcare benefits were similar. Retirement options and general perks were better at the FAANG but not terrible at the other org. + +I thought about it a lot. I met the staff at the org multiple times to feel it out as best I could. I tried to keep myself in check, but I’ll admit that I was very hopeful and idealistic that taking this opportunity was going to give my work so much more meaning, and that the pay cut was going to be totally worth it. + +#9 months later: the grass is not as green as I thought it would be, but it is still greener + +There are days when my work is everything I thought it would be; I get to step into a really interesting and impactful research project, and unblock or build upon it using my tech/CS background. Or, I get to learn about interesting research and apply a computational lens to it. When my days are like this, the adage “Find work you love and you will never work a day in your life” really feels true. + +But, this is not every day. Sometimes I’ll go weeks or months without one of these days, and it sucks. Just like my old job, there are some projects that are isolating, chaotic, or too unstructured. On these days, it can feel like work is work, and FI is the only way to achieve balance. + +Add in life changes due to the pandemic, and it’s been a really rough few months. (To be clear, the pandemic had not started when I accepted the job offer. I’m not sure how that would have affected my decision-making, but I’m sure it would have shaken things up a bit.) + +While it has only been 9 months, and some of the most unprecedented months at that, these are the lessons I’ve learned about taking the leap for a more fulfilling job. These are as much lessons about myself as they are about the world I live in; I’m sure some of these simply do not apply to you, but I like to think that some of you will benefit from reading this. I repeat: I do not claim these to be universal truths. + +##Purpose and fulfillment are forward-thinking, long-term concepts, not something that is lived day to day + +When I started this job, I’ll admit a part of me expected everyday to be dramatically more fulfilling than my old job. This is simply not the case. Yes, some days are exhilarating in a way that my old job never could be, but many days are not. That being said, when I think about what I could accomplish in 3, 5, or 10 years at this current position, I am significantly more content with the possibilities here than at my old job. When I think about the experience I am getting at this job, I know that it’s putting me on a track toward being the professional/field-expert I want to be - even if I were to end up changing jobs or the company dies. + +I now believe that this is what purpose and fulfillment from a career means for me. It doesn’t mean changing someone’s life every single day - though I imagine it could be like that in other fields like medical professions or social work, for instance. But, even those fields, I imagine, are going to have down days where even the best efforts don’t seem to make a difference (… and that’s all I’ll project onto professions I have no experience in). You need to be fulfilled by the long term potential, because day-to-day wins/losses are not going to be sustainably fulfilling. + +##A fulfilling job is still a job + +Some of my projects are less interesting than others. Sometimes I have to work on a project that I don’t think has a lot of potential for impact. Sometimes a project is isolating or poorly managed. Some days I feel like a codemonkey/grunt and not the creative professional I strive to be. During my first several months, these realities hit hard. I thought, “Why am I doing this when I know I’m capable of doing better things?” + +What I’ve learned is that sometimes it’s best to take a step back, sort of put yourself on autopilot with your job, and put less symbolic meaning into it. Similar to how you set up auto-deposits into your market accounts, you have to look towards the future and ask yourself, “Is the direction I am headed toward one that I am proud of? Will it, to the best of my knowledge, give me experiences that I want to have had in the long term?” If the answer is yes, let that be the end of it: treat your job like a job and let your time on it accumulate. Have no expectations about your day to day experience. Just like the market, my workdays have dramatic up and down swings. I have to assume that if I am properly allocated (metaphorically), my professional “net worth” will trend upward, and not let myself feel despair during a “crash.” (I hope this metaphor makes sense…) + +Another way of thinking about this: internal motivation is not always reliable. Some days I’m not super motivated to work on projects that I actually really like. On these days, I’m reminded that a fulfilling job is still a job, and to expect otherwise can lead to disappointment. I try not to lose sight of the fact that I am where, to the best of my knowledge, I want to be - even if it occasionally does not feel like it. + +##Being around people who share your values is extremely important, but it’s not all that matters + +One of the things I love about my job is that everyone in the org is dedicated to the organization’s goals, and these goals are ones that strongly resonate with me. The same could not be said, IMO, about my old job. However, there are much fewer people with my professional background (software/CS) here than my old job, and sometimes that can be isolating. Especially when working on less desirable projects. + +I knew from the get-go that there would be fewer devs I’d be interacting with, but that didn’t stop it from getting a bit painful at times. Thankfully, I have been able to advocate with some success that we get more engineers on a project. And, there is some reasonable expectation of growth in the next year, such that we should be able to hire a few more devs I will work closely with. + +I guess the advice here is do not expect that being around people with shared values will always be an adequate substitute for the kind of collaboration that only comes from working with people with a similar professional background. You need both. + +##You may still need to seek out external professional development in order to meet your goals + +One of my goals when I got my new job was to learn about new fields. In particular, social sciences. At first, I thought that given the dramatic career shift I made, I would meet this goal primarily through my work. And, some days I do. But, as is becoming a trend in this post, this is not always my daily experience. I have decided to pursue extension school classes in psychology to fill this goal so that I can reliably fulfill it. I plan to get a certification in the next year or two, and potentially continue to a master’s degree over the next five years. I took a class last spring, and while I did not take a class this fall, I have decided to dedicate some time everyday to reading a textbook or research paper in an area of my interest. This way, I am meeting my learning goal nearly every day, even on days when I am not learning on the job. I find it essential to set up a routine where I am *reliably* fulfilling this goal, otherwise I get very down. + +##You won’t feel fulfilled by your job if you are not happy with your home life + +The pandemic is a good case study for this. The last several months have been very destabilizing to my home environment, and this made it really difficult to tolerate downswings at work. There has, at times, been a temptation to quit and try something else. But, in retrospect, this temptation came more from the uncertainty about the world and what my personal life would look like in it. My SO and I have made a lot of changes to adapt to a COVID-19 world, and I can say that finally having what feels like a stable and pandemic-safe home-life balance really alleviates my temptation to run. Sometimes I think I feel a temptation to leave work just so that I can feel like, for a second, I have control over my life during a time in which there are such extreme external circumstances that are outside of my control. + +##If you think you cannot apply your skillset/experience to a new field, you are probably wrong + +When I started looking for other jobs, I thought I wouldn’t be able to do the kind of work I wanted without going back to school. But that was not the only option, and it probably is not for most people considering a career change. Do the legwork to find organizations that resonate with you, and reach out to see if/how you can apply your background. + +##Sometimes things work out in unexpected ways, so have faith + +I felt stuck in a project that really didn’t resonate with me for a while. But I kept working on it, even though there were times where I dragged my feet. I didn’t want to make a stink when I was so new to the job. Over time, though, it became clear that this project could have other applications that actually much more strongly aligned with my interests. And, other parties started to become very interested in these new applications. I still have some reservations, but, overall, a situation that felt a bit bleak did get better. + +I’ll remember this in the future, and try not to get too down about situations that feel bad in the moment. + +##Great managers exist and are so much better than good managers + +At my old job, I had three managers. One was OK - his management style did not mesh well with me, but I think it was a style that worked for some. The other two were pretty good. It’s hard to think of complaints. But my current manager continuously surprises me with their level of understanding and compassion. I feel much more at ease discussing issues that I am facing because I know I will be listened to without judgement. + +#The verdict: Was it worth it? + +The short answer is that 9 months is not enough time to definitively judge if it was worth it. But, I’ve had a lot of ups and downs in these 9 months (as we all have), and I can say that I am still very hopeful about the future, even if I did have some less hopeful moments. I’ve done some really cool things, and I feel good about the direction I’m headed. Additionally, my salary was raised to 93k (from 88k), and there are plans that, if go well, may increase my salary to 120k in 2021. So, it’s within the realm of possibility that I could still be making a reasonably competitive salary again one day… + +And yet, the money feels more like a perk than the main draw to the job. I’ve made peace with some of the realities that I was maybe too idealistic about in the beginning, but my level of existential contentment is still much higher than it was. I’m at a point where I feel reasonably confident that this career switch was a good choice in my life. And, if I can feel that way even when we are knee-deep in a pandemic, I think it’s likely a reliable assessment. + +Edit/TLDR: The positives seem to have outweighed the negatives for now, but there were still negatives and it is still a job. I'm happy I made the leap; the grass is greener but not in quite all the ways I had hoped. +Sorry if this isn't allowed. I posted on a different sub and was told to post here for tips on how to help my dad. +Basically, in January of this year, my mom passed away. We aren't 100% sure what she died from but my dad thinks it was an aneurysm. I was 16 at the time. I don't know exactly how much but I do know my dad went into a lot of debt for my mom. I know right now he still owes over 10 grand to the funeral home and is pretty much never home because he's always working over time or on holidays. He worked thanksgiving day and has already told me he's working christmas eve and christmas day for the pay. +The big problem is he's not paying our bills. We've had our lights shut off once already and he rarely buys groceries. Last night he told me he can't evem afford to buy me winter clothes because the funeral home is apparently calling him and demanding he pay more on his payments. But he refuses to let me get a job and even though I have my license, he won't let me drive my moms car. Ot has been sitting in our yard since she died and its just collecting dust but every time I bring it up, he yells at me and tells me I cant touch it. + +I don't know how to help him, or me. I need a new bra because the one I have now the underwire is constantly poking me .. All of my underwear has period blood stains and are at least 3 years old because my dad is too "squicked out" to buy me underwear. I need long sleeve shirts and an actual winter jacket. I'm still wearing short sleeves and just layering them so I have enough to wear. It just sucks right now + +I'm just not sure what to do for him. It seems like every time we talk, he gets upset and just ends up either yelling at me or shutting down and leaving in the middle of the conversation to lock himself in his room. I know he misses mom. I miss my mom too. She made everything better but right now I just want my dad back too. So if anyone has any idea on how I can help him please let me know. Thanks + +Edit: Sorry for anyone who has messaged me, my inbox has been kinda flooded. I am going to speak to my guidance counselor tomorrow at school about everything. I already have my own bank account (it's one of the last things my mom and I did together was open up my own bank account) Thank you everyone for all of the tips and helpful advice. I really appreciate it +I’m a CFP and years ago I heard Dave Ramsey cite a study. According to him, of all contributing factors (investment choice, market timing, asset allocation), by far the most important factor resulting in ultimate retirement balance was “Savings Rate” to the tune of 74%. If this is indeed a real study, I find this fascinating and would love to understand the methodology. + +However I can’t actually find any study after hours of googling. I was able to find a tweet where he mentioned this specifically (https://mobile.twitter.com/daveramsey/status/785799308360749056), but didn’t cite it. And he also mentioned it in a video rant. In the video he references the “National Association of Actuaries”, which I believe does not exist- perhaps he meant the SOA? + +If this study isn’t fictional, it seems like a compelling case for the importance if savings rate. + +Has anyone come across this study? +TLDR: + +Recently,four market rules were proposed which truly threaten Citadel and Virtu’s method of making money and also threaten the influence they are able to exert over both the market and Wall Street itself. Litigation has already begun and the fight will become intense. As you’ll see, these rules address problems made very clear by the events surround Jan 28, 2021. The causes of these rules and the popular support that has made them possible extends right back to the sneeze. **The issues they address were directly and clearly raised in the congressional hearings about GameStop, and an examination of the events shows a clear thread from Citadel/Robinhood and the sneeze to right now.** + +Citadel, Virtu, and others threatened by these rules WILL act to stop popular movement against it and will do everything they can to kill momentum and disengage individual investors like you. Our job is to make sure that doesn’t happen. Our job is to make sure they lose. + +LFG. + +We will begin... at the beginning + +&#x200B; + +# Game Stopped + +*"Citadel, with its expansive role in our capital markets, may pose a systemic risk to our financial system.”* + +\- Maxine Waters, Chair of the Financial Services Committee (i.e. the bosses of the SEC), with the understatement of 2021. + +Our memories might be growing fuzzy about the events surrounding Jan 28th, 2021, so let me help you a little bit. There were two hearings held about GameStop, and I'll be focusing on the one that took place on [March 17th, 2021.](https://www.youtube.com/watch?v=imRzHXRq80I) + +The new market rules stem *directly* from the testimony given in the hearings following the sneeze. If you'd like to see the whole thing again, the transcript is [here](https://www.govinfo.gov/content/pkg/CHRG-117hhrg44343/html/CHRG-117hhrg44343.htm) (just CTRL+F for things like "payment for order flow" and cycle through what you find). I'll also link you to the video of the hearing. Here's a good exerpt ([video of testimony](https://youtu.be/imRzHXRq80I?t=1052)): + +*"Payment for order flow presents an undeniable conflict of interest. While it may enable free commissions and explicit cost, there are implied costs we feel everyone ignores. While payment for order flow is legal, we have long wondered how it possibly could be.* ***How can a broker, charged with the duty of getting its clients the best available prices, do so by selling the clients' orders to sophisticated high-frequency trading firms, who, in turn, will make billions of dollars trading against these orders?****"* + +That's something to keep in your head: these firms, Citadel chief among them, make *billions* off this business model. This means big money, which they need to keep the circus going. This is important. + +&#x200B; + +Dennis Kelleher of Better Markets [also highlighted the problems with PFOF](https://youtu.be/imRzHXRq80I?t=2288): + +*"...retail investors are virtually guaranteed to get the worst execution. That written testimony and those slides demonstrate that the markets are not a level playing field. They are rigged to advantage the sell side against retail investors, pension funds, and the buy side generally. But* ***these markets are too often a wealth extraction mechanism to enrich the few at the expense of the many."*** + +Note the focus on "best execution". We see that certain tools, such as control over order flow and dark pool tick size exceptions, grant wholesalers like Citadel an unacceptable amount of control over prices and make them billions in the process. Later in the hearing, Kelleher goes on: + +*"So they are claiming, and Mr. Tenev said in the last hearing, \`\`We got price improvement. We do great for our customers.'' According to what? It is according to the NBBO, but the NBBO only reflects about 40 percent of total orders, in the least liquid market that there is at the time right now, which is the LIT markets. And Mr. Arnuk is right. It doesn't include odd lot and it doesn't include, by the way, hidden trades, also 20 percent of the market."* + +He is calling out Robinhood, and by extension Citadel, on their bullshit. Citadel and their ilk LOVE to talk about how they get retail the best prices and do amazing for retail and blah blah blah; this is part of why commenting is so important - we have to be there to call bullshit. And if you read into the testimony at that hearing, you'll almost exclusively find experts also calling out that bullshit. + +As I went through the testimony, I found that the four new rules recently proposed by the SEC, the "massive market overhaul", do in fact stem directly from the events of Jan 28th, 2021. The very same issues brought up in the hearings about GameStop are being addressed by these rules. The very same. And together, those four rules not only threaten Citadel's ability to make money hand over fist, but threaten their ability to control market prices, and by extension market participants themselves ("Don't trade against me or else"). + +We see them discuss tick sizes: + +[At multiple points, the effect of sub-penny tick sizes came up. In dark pools, they can trade between pennies and make a lot of money. That should end. There is a proposed rule about this now. ](https://preview.redd.it/yywlf5ksue8a1.png?width=654&format=png&auto=webp&s=e0799308b2c247f82f44f6cec386ea634b535d1e) + +And we see things like better disclosure of price improvement/etc, and order-by-order competition: + +[TLDR: Robinhood, Citadel, and others are constantly bullshitting about how much they are improving prices so they can keep the circus going.](https://preview.redd.it/xp60sehcve8a1.png?width=629&format=png&auto=webp&s=34f7b40957a2654fdf4a4e02ec37764f80e9679d) + +As we will see, the four new rules speak directly to these issues. Citadel's control of execution and its ability to package retail orders and ship them off to dark pools is a major problem and (of course) a major source of $$$ for them. So dismantling this structure is important. The development of the approach to do this took a long time. + +Let's have a short catch-up, shall we? + +&#x200B; + +# The Timeline So Far + +**MARCH, 2021:** [Congressional Hearings held.](https://www.govinfo.gov/content/pkg/CHRG-117hhrg44343/html/CHRG-117hhrg44343.htm) As we just saw, there were issues discussed regarding PFOF, order execution, order competition, tick sizes, and more. + +&#x200B; + +**APRIL, 2021:** [Gary Gensler appointed chair of the SEC.](https://www.sec.gov/news/press-release/2021-65) + +&#x200B; + +**OCTOBER, 2021**: [Gensler floats banning PFOF](https://www.investopedia.com/sec-considers-banning-payment-for-order-flow-5199447) + +&#x200B; + +**DECEMBER, 2021**: [SEC unlikely to ban PFOF](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/sec-unlikely-to-ban-payment-for-order-flow-68191998) + +1. *"Changing best execution rules is more likely than a ban of payment for order flow*\*"\* +2. *"Improved disclosure regarding execution quality for transactions is more likely and would be preferable to a ban on payment for order flow"* +3. *"The SEC's regulatory agenda published in fall 2021 indicated that it might address these topics. It included a proposed rule on equity market structure modernization — including order routing and best execution."* +4. *"The SEC may not get to the issue this year because Chair Gary Gensler is far too ambitious in the scope of his regulatory aims."* Got to give it to this article... they called things pretty accurately. + +&#x200B; + +**FEBRUARY 2022:** [Gensler gives an interview to Bloomberg](https://www.bloomberg.com/news/videos/2022-02-03/sec-s-meme-stock-response-coming-next-week-gensler-says-video) in which he dropped the bomb about dark pools that some of you may remember: *“In the equity markets right now, if you place a retail market order, 90-95% do not go to the lit exchanges … they go to wholesalers. They don’t have order by order competition. Part of that is because of PFOF.”* + +He also said: *"...basically a lot of our market right now is dark, it’s not in the lit markets, it’s dark and going to wholesalers, and how do we get more transparency and* ***competition in the market***\*, and so each feature is on the table, whether it’s something called the\* ***minimum increment or tick size*** *… and* ***how the order routing works***\*, and yes that includes not just PFOF but possibly … exchange rebates. It all fits together.”\* Gensler is clearly thinking about and working on the issues covered in the GameStop hearing. Note: at this point Dave Lauer was mostly blogging on his company's website and wrote a review of this interview [here.](https://www.urvin.finance/blog/dissecting-the-recent-gary-gensler-interview?ss) + +&#x200B; + +**MARCH 2022**: Dave Lauer starts We The Investors and writes a letter about PFOF for Gensler. [70,000 of us sign it](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on) and this gets Dave an audience with Gensler about PFOF. + +&#x200B; + +**JUNE, 2022:** [Gensler unveils plan to overhaul Wall Street stock trading.](https://www.reuters.com/markets/us/wall-street-regulator-spell-out-push-overhaul-stock-trading-sources-2022-06-08/) *"Investor advocates praised the SEC's plan, which would be the biggest shake-up of U.S. equity market rules in over a decade. But financial industry executives quickly blasted the plans, saying they could hinder commission-free brokerages from serving more investors."* + +&#x200B; + +**JUNE 2022:** [Doug Cifu, CEO of Virtu Capital ("the other Citadel") starts publicly freaking out over Gensler's comments.](https://fortune.com/2022/06/13/virtu-ceo-sec-payment-for-order-flow-pfof-auction-model-stock-trading/) + +&#x200B; + +SEPTEMBER, 2022: [The SEC rules out banning PFOF.](https://www.investopedia.com/sec-won-t-prohibit-popf-6742632) You may remember the freak out around here at that time. But, a closer look at the events surrounding these rules (e.g. what you're doing right now) reveals that PFOF *is* getting dismantled, but in a way that is at least somewhat protected from litigation. And Virtu / etc. have indeed been threatening litigation about this. Remember: [Wall Street has laywers. Good ones. And if you step outside those lines, they'll sue you. And win.](https://www.youtube.com/watch?v=-Eyo0u4_sYI&t=258s) So the SEC needs to be careful about how they approach this. The last thing any of us want is a quick ban on PFOF that gets reversed, setting precedent and fucking shit up. + +&#x200B; + +**NOVEMBER, 2022:** [Doug Cifu continues publicly freaking out over the coming rule changes.](https://www.bnnbloomberg.ca/virtu-ceo-alarmed-by-sec-effort-to-overhaul-stock-trading-rules-1.1841381) *"Cifu has been a vocal critic of the SEC’s attempt to change the current market structure, and devoted much of his third-quarter conference-call commentary to the agency’s efforts."* + +&#x200B; + +**NOVEMBER, 2022:** [Doug Cifu sues the SEC over the coming rule changes.](https://www.reuters.com/business/virtu-sues-us-sec-securities-regulator-over-records-request-2022-11-29/) Notably, [Virtu requested things from Dave Lauer's meeting with Gensler.](https://www.reddit.com/r/Superstonk/comments/z8ymb4/turns_out_that_pfof_petition_did_something_virtu/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**DECEMBER, 2022:** [The SEC finally proposes the rules.](https://www.reuters.com/markets/us/us-sec-vote-proposal-overhaul-stock-market-rules-2022-12-14/) [SEC market overhaul to boost exchanges, hurt brokers.](https://www.investmentexecutive.com/news/research-and-markets/sec-market-overhaul-to-boost-exchanges-hurt-brokers/) + +&#x200B; + +DECEMBER, 2022: [Citadel breaks its media silence to tell you that these rules are no good and should never happen.](https://www.youtube.com/watch?v=jV14L5k1vzc&t=300s) + +[oh no](https://preview.redd.it/1wlosfmmcf8a1.png?width=960&format=png&auto=webp&s=17446796fbca36a942b7216f0433340efabc0098) + +# "Massive Market Overhaul" + +So given that these rules are receiving so much pushback from Citadel, Virtu, and other lovers of PFOF... what are they? + +Dave Lauer wrote some good summaries of the rules [here](https://www.reddit.com/r/Superstonk/comments/zlupr4/massive_market_structure_changes_and_direct/). For convenience I'll provide some of the blurbs below: + +1. **Regulation Best Execution.** This one addresses how Robinhoods and Citadels just bullshit their execution quality to say "look we're doing so good for retail" when they're just shaving pennies and making a fuckton of money off degrading the quality of our buys and sells. + 1. Fact Sheet: [https://www.sec.gov/files/34-96496-fact-sheet.pdf](https://www.sec.gov/files/34-96496-fact-sheet.pdf) + 2. Summary: Finally, Regulation Best Execution would establish a best execution standard (the SEC does not have one - only FINRA does), and this standard would hold brokers that engage in “conflicted transactions for or with a retail customer” to a higher standard. + +&#x200B; + +2. **Order Competition Rule.** This one addresses PFOF most directly and seems to be the workaround to the "if you ban PFOF we will sue you into the ground" problem. Competition is what the SEC must encourage, and PFOF stifles competition to the detriment of investors, so... + +1. Fact Sheet: [https://www.sec.gov/files/34-96495-fact-sheet.pdf](https://www.sec.gov/files/34-96495-fact-sheet.pdf) +2. Summary: ***The proposal to enhance order competition would effectively end internalization and wholesaling as we know it***\*, although it wouldn’t end it completely. They’re basically saying that from now on, when a retail broker gets an order, unless it’s executed at the midpoint, that order has to be sent to an auction facility (it can be on-exchange or off, but the bar for running one off-exchange is very high) where anyone can compete to fill the order. Only if the auction fails can the order be executed by an internalizer.\* + +&#x200B; + +3. **Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders.** This rule addresses the penny shaving. We've all seen the screenshots of GME bids/asks out to 4 decimal places. Bye bye to that. + +1. Fact Sheet: [https://www.sec.gov/files/34-96494-fact-sheet.pdf](https://www.sec.gov/files/34-96494-fact-sheet.pdf) +2. Summary: *The most important part of this is the tick size changes. Today, internalizers have a regulatory advantage over exchanges - they can execute orders at any pricing increment - that’s why we see so many 1 mil price improvement trades and prices that go out to 4 decimal places.* ***These changes would end that practice...*** + +&#x200B; + +4. **Disclosure of Order Execution Information.** More stuff to prevent bullshitting about "order execution quality". + +1. Fact Sheet: [https://www.sec.gov/files/34-96493-fact-sheet.pdf](https://www.sec.gov/files/34-96493-fact-sheet.pdf) +2. Summary: *Changes to Rule 605 that will modernize execution quality disclosures, and extend those disclosures to retail brokers. Brokers will finally have to publish standardized execution quality metrics that we can use to compare how good of a job they’re doing at executing orders, and what kind of execution quality they’re getting from their counterparties.* + +&#x200B; + +# IN CONCLUSION... + +Collectively, they dismantle the ability of wholesalers like Citadel and Virtu to dominate retail market orders, make billions by shaving pennies, and exert influence over prices and by extension other participants in the market. + +If these rules pass as-is, Citadel could lose critical funding it needs to keep the circus going. As we are aware, their financial position is pretty precarious. Citadel could also lose the power and leverage they need to control prices. This is big shit. + +We have until **March 31st, 2023 to comment on these rules.** So there is time! Lauer said he'd be helping people with comments this time, which is a good development and I hope he does a great job. So stay alert for DD and stay aware of what is going on with this. And when the time comes, COMMENT. + +From what I can tell our commenting is having a real impact on how things are progressing and the overall narrative about the stock market - more on that in a future DD. + +Don't underestimate these 4 new market rules!! + +# BUY HOLD DRS BOOK SHOP COMMENT + +Thank you for reading! +Sugarland came in existence to bring a sweet touch in the sea of BSC tokens & NFTs bringing an outstanding concept of Citizen NFTs as characters to unlock the Sugarland ecosystem. + + + +1) Diamond NFTs - Whale Cards won by Diamond Hand Holders & comes with SUGAR rewards + +Minting Starts Soon + + + +2) Citizens NFT - can be minted using SUGAR tokens and a fixed mint price. + +Coming Soon + + + +3) SugarFactory Dapp - One stop dapp to access all Sugarland Products & Features from reflections tracking to NFT minting to Governance + + + +4) Metaverse marketplace - One of a kind Multi Chain Marketplace Coming 2022 + + + +5) Future Metaverse Production - Economy based Metaverse with Land Parcels & Character Interaction. + + + +Sugarland has a vast roadmap & a confident Team & Community to take thi project to moon. Team plans to do massive Marketing Boost. + + + +Tax structure has 12% on all Buys, Sells & Transfers + + + +Reflections 1% + +Liquidity 4% + +Growth 7% + + + +Total Supply is just 1 Billion (1,000,000,000) + + + +Currently in a dip and at discounted prices. Checout TG community and follow the website. Team often does Sugar Rush Hours with 0% Buy Taxes. + + + +Upcoming is Certik Audit & Diamond NFTs Launch. + + + +TG - [https://t.me/SugarlandChat](https://t.me/SugarlandChat) + +Twitter - [https://twwiter.com/SugarlandCoin](https://twwiter.com/SugarlandCoin) + +Website - [https://www.SugarlandCoin.com](https://www.SugarlandCoin.com) + + + +Contract - 0xcb2adbca6f15e9b3f1d98fce57ac48a093f34fa9 +I’m not good at data analyzing or good with numbers, but every so often I get aha moments. + +This is entirely speculative but I think Gensler is deliberately constructing a narrative to save face for the SEC and come out looking like the good guys. I know I hate hearing this, but I believe we’re close. Creating his Twitter is one thing, but going on national television and giving that interview seems like it’s all coming to a head. + +Anybody else feel this? + +Edit: appreciate everyone’s input, I’ve tried to read it all…and many thanks for the awards! +A curiosity because after going through some of the wiki, I noticed that the skeletons of a strategy can be pretty straightforward. The packages are more than helpful for anyone backtesting simple TA strats given the functions provided. But then I go deeper into the wiki to see that there are some people's code that have like 10k lines of code. Is that because once we venture out and hypothesize math/statistic heavy strategies, we will need to code more and more custom functions since there won't necessarily be a package for what we need? + +I'm also asking the more general question just because..does it need be so complicated? I saw a wiki post about some dude's code being like 50 lines but the quantity of lines isnt so much my question. If we have general market knowledge, is that exploitable as well? For instance, understanding how certain securities behave or have a certain level of economic knowledge or even a working strategy that you manually trade by and simply want to automate it. Is that all within the scope of this sub? + +&#x200B; + +Edit: Thank you for the award! This is the first one I've gotten :) + +Edit: Awardss +Thanks everyone! Glad to see this has sparked discussion amongst both beginning and seasoned algotraders :) +I thought "5 Regrets of the Dying" by Bronnie Ware was a nice short post on five things people realize on their deathbeds (from someone who worked in hospice). + +https://bronnieware.com/blog/regrets-of-the-dying/ + +Since fatFIRE folks are very likely to have their financial affairs in order in their final days, I wonder if this might be a useful (if a touch morbid) way of thinking through the best ways to use a fat stash. That is, could we add other regrets to these 5 that we'd like to avoid via a life well lived? +Wife and I have an 18 month old, and are about to move to Miami. We paid cash for a house there, the question is what to do with the London flat. It's in a great part of town which is gentrifying quite quickly so I'm not so keen to sell it just now. I also kind of hate the idea of renting it out, but leaving it empty just seems like such an expensive headache. We have enough money to retire, but by our standards I wouldn't consider ourselves super FAT. Living in London for more than a decade has accustomed me to an expensive lifestyle. So I certainly could use the money for the flat or the income from it. + +I love the idea of being able to get on a plane and come to London whenever we want, but I do wonder how often we would actually do that as our son enters school age. + +I also like being hedged from a few perspectives: Politically, if things turn sour in the US we have a quick route back. And climate: Miami can be too hot in the summer, and there's the long-term question about sea level rise. + +I don't know. How crazy is it to keep the flat? Appreciate any insight you guys have. +Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate +was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. +The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. +In February, most of the job gains occurred in leisure and hospitality, with smaller +gains in temporary help services, health care and social assistance, retail trade, and +manufacturing. Employment declined in state and local government education, construction, +and mining. + +More [here](https://www.bls.gov/news.release/empsit.nr0.htm). +Sorry if this is the wrong place to ask, if there's a better subreddit or thread please let me know. + +I am 24F and my bf is 27M. We've been dating for around 8 months and just recently had some serious conversations. We both are dating with the intent of finding someone to marry, see ourselves getting married within the next 5 years, and feel that we want to marry each other. He lives paycheck to paycheck but as far as dates and things go we don't do anything fancy and split things pretty much 50/50 so money hasn't really been an issue. However, now that I have learned some details about his financial situation and we have discussed a long term future together, I want him to make some changes. + +I am currently a student but will graduate in 1.5 years and make around 100k. I am in a very fortunate situation where I have a car and will have a house (all paid off) and am debt free so my only expenses will basically be food and utilities. + +He makes around 50k and lives outside his means. For instance his apartment is much nicer and bigger than he needs- its 1440/month (not including utilities). He bought a brand new truck with terrible mpg that he pays 500/mo for. He has 20k in student loans, 6k in credit card debt, and 3k in savings. He pays the minimum balance on his loans and card every month. + +If we had not discussed living together and getting married in the not-so-distant future, I would have been more inclined to be like "whatever, it's his money, he can do what he wants with it". However, the prospect of combining our incomes means that I'll essentially be paying for his financial decisions. Idk if it's selfish but my reasoning is why should I have to pay for your debt if you could have? These are my requests: + +* His lease is up soon. He expressed wanting to find a cheaper place to live (currently 1440/mo). I sent him some links to places that around 1000. He doesn't think they're nice/big enough. He is unwilling to live with roommates (even with his own bedroom) and bring his costs down even further to \~800. I think he should suck it up and live more modestly. +* I think he should put his 3k savings towards paying off his 6k credit card debt. I get the concept of an emergency fund, but his debt is growing faster than his savings are. I think he should pay off his credit card first. +* He has gotten into buying vintage clothes at thrift stores and flipping them on eBay. I wouldn't mind if he was doing this because it's a hobby he enjoys, but he said his main motivation for it is to make side income. With the costs for shipping, time and gas to drive around to these stores, shop, and ship things out, I don't think it's worth it. He probably makes $75/mo from it. For the same amount of hours he spends doing this, I think he would make a lot more in a part-time retail/service position. However if I said to look into getting a part time job for side income, he would probably say it is beneath him. +* We planned to go on a vacation during my spring break that would be about $800/person. This was before I learned about his finances. He really wants to go on a vacation because he hasn't in a long time, but I think he should put that money towards his credit card debt instead. We could also do a smaller, shorter road trip for \~$200 instead of flying somewhere. +* Overall just spending frivolously on stuff he doesn't need or could get a cheaper alternative. I don't want to be controlling and say hey don't buy that and I'm not saying he has to deprive himself all the time, I just wish he was smarter with his money. For example, he broke his lamp and bought a new one for $60. You could easily get a cheaper lamp for like $10. Another example is he bought a pair of sneakers and is planning to resell them for \~$100 profit. With that profit he intends to buy himself another pair of shoes he wants, whereas I think he should put the money towards his debt. + +Basically I just want an outside opinion on if these requests are reasonable to make or how to make these requests in a manner that is non-confrontational. I haven't brought any of this up yet because we haven't been dating too long and only recently had serious discussions. If things work out and we get married, sure I would have enough money to pay off his debts no problem. However I think I would resent him. I know I am only a student, but I have always chosen to live modestly- cheap apartments with roommates, working during school and over holiday breaks, modest car, etc. I want someone who is willing to make the same sacrifices and give up some luxury for a couple years so that we can have money for more important things later, like saving for retirement and college for kids. + +Thanks for taking the time to read and thanks in advance for any advice :) + +**tl;dr- Bf and I recently had serious discussions about getting married in a few years. He has about 26k debt + car payments and I have no debt. When I graduate school and start working, I will have enough money to pay off all his debts in a couple months. But I don't want to if I don't have to. How do I convince him to live more frugally to pay off his debt?** +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your 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). +She is 67 years old. She's worked her entire life. In 2008, I listened to her cry in her kitchen as she faced it all falling apart. + +I didn't know what 'they' did then, but I sure as fuck do now. I just got off the phone with her on three-way to give her support. I gave her a script "I want to direct register my shares of Gamestop in my name through Computershare". She did great. She asked me for the help "because I trust my son, and I've never seen you like this before." + +So never doubt that it's a bunch of "nerds in their basement's basement". + +Nope. I own my home, do well in life, and we're everywhere. We're not a joke, we're not a meme. We're investors and we know value when we see it. All ages, all walks of life. + +Shorts are undeniably fucked. This is bigger than we know. + +May every single one of those shares sting shorts as much it did to hear her cry over her home in 2008. +Basically my question is; To recover my investment long term, should I wait for crypto to recover or invest the remaining part in a ETF? + +Just keeping my post short, because the details don’t really matter :) +This token is very close to my heart, if you read the story behind the project, you will understand that it's not a pmp and dmp, The team of 22 people has been working their ass off past 3 days on it without any greed because they have a vision to make a difference, if you read the roadmap on the website or even read all pinned messages, you will get an idea about their vision. + +&#x200B; + +>They are pushing hard on marketing and getting things done. The first donation will be done to a men’s health charity. They are trying to get multiple influencers to get onboard with us on this project. + +Everything is transparent!! + +We need your support on this amazing journey we have started + +It’s been only 3 days and we have achieved so much. + +&#x200B; + +🔹 Website and roadmap is live. + +🔹 Coingecko application submitted. + +🔹 Blockfolio application submitted. + +🔹 Trust wallet logo and price application submitted. + +Come and join the Telegram community to have a feel of it. + +It's definitely just getting started, this token and community is going places. + +📈Contract: 0x9628542656482ddee1989b04133f02a799eb0936 + +&#x200B; + +&#x200B; + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9628542656482ddee1989b04133f02a799eb0936 + +&#x200B; + +&#x200B; + +Chart: https://charts.bogged.finance/?token=0x9628542656482DdeE1989b04133f02A799eB0936 + +&#x200B; + +&#x200B; + +Website: viagrat.org + +&#x200B; + +&#x200B; + +TG: https://t.me/getviagra + +&#x200B; + +&#x200B; + +Twitter: https://twitter.com/viagratoken +Hey Leah: + +I meant exactly what I tweeted: I am disappointed you (or your publishers) chose to publish enough personal information that people can easily find Dorian and his family. + +The pieces might all be public information, but you worked really hard to piece them all together, and the crazy people who might decide it is a good idea to go visit "Satoshi" are likely not as smart or hard-working as you. + +And all of your evidence is circumstantial, EXCEPT for the "I'm not involved in that any more" quote, which might simply be an old man saying ANYTHING to get you to go away and leave him alone. + +Anyway, I hope some good comes of all this; I hope it stimulates more debate on personal privacy and the role of journalists in our "pan-opticon" world. + +We are a married couple moving to New York this year and debating between renting vs buying in a place like Brooklyn. We still need to commute to Manhattan. We are interested in a place with 2 or 3 bedrooms. Does it make sense to rent and invest the rest of our money in the market or buy a place and hope it appreciate? We don’t know how long we’ll stay in New York. Maybe a few years or maybe buying a place will make us stay longer. + +On a personal level, I’ve been wanting to own my property for many years (maybe it’s a sense of security and accomplishment) and I really love decorating so it would be nice to have my own place to decorate vs a rental property. +This will be short and sweet: + +I am someone who "survived" the market in 2008. If you are an investor, not a trader, my advice to you at this point is: don't change your investments or contributions and shut off all the noise. It is not healthy and no one really knows what will happen. 10 years from now though, you will most likely be better off having changed nothing (assuming your were investing in a long-term balanced portfolio, and yes continue to rebalance if you have a set paramerter/schedule). + +To that end, I am unsubscribing to r/investing. Goodbye and good luck, this is where you really get to find out what your risk tolerance is :) +My in-laws have been incredibly supportive of my family and I wish to gift them some money to settle some of their debts, but I want to make sure I understand if there's anything I don't understand. Might there be any taxes for doing this? Would there be any reason for me to work with the banks directly to pay off the debt rather than giving them the money? From my POV a wire into their account seems the easiest, but I want to make sure I understand. +Fox token, 470k market cap - listing on Coingecko in a couple of days, as well as CMC. Basically really early coin. Heads up for anyone that’s into these sort of coins. + +Just wanted to share this coin with anyone that’s into the hype of meme coins. High risk / high reward, as usual with these sorts. If you have extra change that you don’t mind losing you’ve got fox token. + +Also devs are planning to have nfts (with three different tiers) and also implement a system where a percentage of the transaction fees goes to a fox charity (they’re talking to some charities to partner up right now). Again this is just planned and invest at your own risk. + +Anyway do your own research. Links here: + +Website: https://foxfinance.io/ + +Telegram: https://t.me/foxxtoken +I think whats happening is the HFs are trying to close their short positions on the cheaper stocks first. Its too expensive to close the shorts on GME. GME will be the last to get shorts covered due to the enormous expense. + + + +Their plan is for us to be like: "dang, everything got short squeezed except for GME, that must mean they already closed their positions in January, im just gonna sell all my shares now". + +They are so desperate to make us sell that they are taking a loss on all the other stocks. This is their last chance to make us sell before the shareholders meeting. + + + +BUY AND HODL AND JUST DIAMOND HAND! WE GOT THIS! +Y’all are amazing. I haven’t learned how to trade without ever losing or learned special secrets in this sub that are not available elsewhere, but, I have still learned so much. I’ve learned how to implement rules and stick to them. I’ve learned how to take profits , but even more important to me, how to take a loss. I’ve got help in what to watch and what to watch for. Day by day im losing less and gaining slightly more. I got into stocks in January and my style was throw money at penny stocks and hope it worked out. Little dd and no strategy. It was a casino and won big and lost big without much knowing why. Day trading is less of a casino for me and I love it. I get to watch the scanners and look for patterns and observe the indicators and make a decision. I know more of what’s going on and I’m seeing more and understanding more each day I do it. I’m hoping I can keep learning and grinding and someday make consistent profits. I’m in no hurry. If anything I’ve learned that I should learn how to trade well and the profits will follow in time. I’m hoping some day I can get in here and help folks like y’all helped me. Thanks and catch you on those green and red waves. + +Your friend in day trading, + +Theowlprince, +https://twitter.com/NickTimiraos/status/1289949000980783106 + +https://www.wsj.com/articles/fed-weighs-abandoning-pre-emptive-rate-moves-to-curb-inflation-11596360600 + +> The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades. +> +> Instead, Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank’s 2% target, to make up for past episodes in which inflation ran below the target. +> +> “It would be a significant change in terms of how they are thinking about” the trade-off between employment and inflation, said Jan Hatzius of Goldman Sachs. “A lot of those things look very different now from the way they looked a few years ago,” he said. +> +> Fed Chairman Jerome Powell hinted at the shift at a news conference last week when he said the central bank would soon conclude a comprehensive review of its policy-making strategy that began last year. +> +> Mr. Powell initiated the review with an eye toward beefing up the Fed’s ability to counteract downturns in a world where interest rates are lower and more likely to remain pinned at zero. +> +> Even before the severe shock from the coronavirus pandemic, the Fed had grown concerned about spells of low inflation that have bedeviled authorities in Japan over the past two decades and in Europe for the past decade. +> +> The change being contemplated now is a way of essentially telling markets that rates will stay low for a very long time. Markets have likely already picked up on this change, given the continued declines in long-term interest rates. +> +> The changes on their own will do little to provide more support to the economy right now because investors already understand that the Fed isn’t likely to raise interest rates for years, said Steven Blitz, chief U.S. economist at research firm TS Lombard. “It is a change at this point without meaning. It’s just words,” he said. +> +> The Fed would formally adopt changes by altering a statement of long-run goals that it approves annually, something it last did in January 2019. “The changes we’ll make…are really codifying the way we’re already acting with our policies,” Mr. Powell said last week. +> +> One way for the Fed to do that would be to amend that document to say inflation should average 2% “over time.” +> +> +I would not say I am in poverty anymore, as I have been working full-time for a few years, but it's still a low salary and I have to rent with ridiculous monthly payments for bills and rent. When I was at university, however, I had no contact with family and lived in poverty for many years. The effect on my mental health, even now, has been quite strong and I feel great resentment towards people who have never struggled. I think one way of trying to cope with it was to think that everyone started off at the very bottom and had to go through such hard experiences, but the reality is that it simply isn't true. How do you get over this feeling? +Hi Everyone, + +My name is Olivier Janssens, early adopter and Bitcoin millionaire. The Bitcoin foundation has had its role in the last 2 years. Unfortunately, it is internally recreating the same archaic political system that fails to work for society. Bitcoin is the currency of the internet generation. It puts the power back into the hands of the people. You cannot expect its main representative organisation to be exactly the opposite: A non-transparent, political and secretive elite. We have been trying to push the BF for transparency and clear communication for years, without result. Meanwhile they started creating even more political structures inside, such as committees, which can only be accessed by knowing the right people. At the bitcoin 2014 conference, organised by this same organisation, I expected to see full internet participation + live streaming of their events. Especially of the BF member meeting, where they are supposed to get input from their members and disclose what they have been up to. Instead, the board decided that the event is not to be recorded or broadcasted. We have also no idea or say on how our money is spent. Half of their board gets elected by industry members (a group of about 100 companies), and recently lead to another extremely controversial election of Brock Pierce, which has a history of being connected to cases involving fraud and pedophilia. This needs to stop. + +We as an internet community, don’t need public figures to decide what’s good for us. We need to stop politicking and start focussing on the projects directly. For example, we need a project to fund the core development of bitcoin, and put our money straight to that. We need a project to have lobbyists in Washington, to fight the anti-bitcoin lobbyists from Mastercard, and to prevent the government from destroying the currency. Basically, we don’t need another intermediary. We can do this ourselves. Therefor, I want to announce today that I am organising a contest and giving $100k USD in BTC, to the group that can come up with the best platform to make this happen. I am thinking of a system where prominent people can voice their opinion, where people can propose projects, and where the core devs can actively show their roadmap with detailed features + costs, and where we can vote on the features being implemented by sending bitcoins towards the feature of our choice. This will allow the core dev team to expand by being able to add/pay more devs for feature requests which are fully funded. Maybe we can even evolve to a system later where anyone can work on a feature, which, when programmed properly (approved by the core team), will receive the bounty. The same applies to lobbyists, we just send bitcoins towards the one that we consider the most competent for the job. This will allow Bitcoin to grow and expand at a rate it deserves, a rate that a political organisation such as the foundation can never accomplish. + +Let’s liberate bitcoin. + +Olivier + +Rules of the contest: + +- Anyone can participate +- Software will be open sourced +- I will cover the initial hosting costs, until it can be self funded and created as a DAO +- Reddit community can help by voting on the platform submissions they like the most +- Ultimately I will decide who wins, but I will take all votes and feedback into account +- Deadline for submissions is 1 month from now: 17 june 2014 at 12:00 UTC + +**UPDATE**: Thanks for all your great feedback, ideas and private messages. I will provide an update here very soon. + +**UPDATE 2**: Please email your submissions to platformbounty@gmail.com - You can also add me on twitter to follow updates more easily: @olivierjanss - The deadline of 17th of june still stands, but we do not require a finished product. The bounty will be given to the team with the best idea/skills to make it happen (partial payments until it is completed). If you just have an idea, but no programmers, you are still free to submit it. If it turns out to be the best one, we will help find a team for you. +We understand many of you do not want to make your idea public at this point. If there are multiple really good submissions we will only put them up to vote after you give permission. Please note that if people submitted the same idea, we will go with the one who submitted it first. + +**UPDATE 3**: The winner has been announced here: http://www.reddit.com/r/Bitcoin/comments/29n8o0/100000_bounty_winner_announcement/ + +Hey r/Forex I'm super happy my last thread had such positive feedback! I really appreciate that. Since it's the weekend the minds should normally be off the charts, but sometimes we just can't help it right. So I wanted to ask you guys what you struggle the most when it comes to trading. If a lot of people reply to this I might make a mega thread about all the questions and give some info how I do these things. Maybe there's something helpful for someone and then my goal is already achieved. :) +Thoughts on EMQQ with all this China volatility? + +I am deep in the red with EMQQ, its a steady bleed and am at -30% or so. It's not a big part of my portfolio, but I hate losing money anyway.I have a lot faith/hope in the technology, internet, e-commerce sector, I dont have doubts about the sector. I chose EMQQ to diversify my portfolio and get some exposure to Asian markets (albeit EMQQ is very China heavy) + + +But I did not expect there to be so much effect that govt wants to have on home grown companies, and ill admit I dont understand why they are punishing their companies so much, whats the game in the long run? How does this help the future? + + +question: + +1. Why should I hold? +2. Why should I take the hit and move money elsewhere? +3. Why should I add more? + +thanks in advance (edit: and apologies if this is the wrong flair, but I think it could be a good overall discussion on exposure to Emerging markets?) + +Edit: -20% approx not -30% + +Edit 2: at -26 today so far! Ouch +BlackRock released their earnings report today, source: + +[https://s24.q4cdn.com/856567660/files/doc\_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf](https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf) + +&#x200B; + +Assets under management Q1 2020: $6,466,668 million + +Assets under management Q1 2021: $9,007,411 million + +&#x200B; + +Revenue Q1 2020: $3,710 million + +Revenue Q1 2021: $4,398 million + +&#x200B; + +Attributable Net income Q1 2020: $806 million + +Attributable Net income Q1 2021: $1,199 million + +&#x200B; + +Obviously the last YoY quarter we had the march 2020 crash and valuations were not looking so good, this should be considered when comparing YoY AUM. +So I came across [this](https://www.reddit.com/r/Superstonk/comments/rr1sma/video_42069_easter_egg_on_the/) bullish post (huge shoutout to u/Expensive-Two-8128) where the video shows an easter egg at a score of **42,069**. + +Then i remembered I had saved the html code of the runner game a few times: + +https://preview.redd.it/gn8l5b4b5i881.png?width=598&format=png&auto=webp&s=6f7e2987e0e5afdcc01573d005c5a510e4d24e4a + +I compared the old and the new code and found these differences: + +https://preview.redd.it/wp6dm4fb6i881.jpg?width=1920&format=pjpg&auto=webp&s=3490b1f8aa60f32e1c62b72f718f3d70d92d7d9f + +When I saved the html code I would have never thought they would ever literally change the game, but they did! Here is the code from the index.js file: + +https://preview.redd.it/hfd8qd2t6i881.png?width=1920&format=png&auto=webp&s=4f3b1eb1419560ffe04c07d04a947607baccfd4e + +When in doubt, you can check yourself; other apes and myself have archived [https://nft.gamestop.com](https://nft.gamestop.com) \[[1](https://web.archive.org/web/*/https://nft.gamestop.com)\] and [https://nft.gamestop.com/index.js](https://nft.gamestop.com/index.js) \[[2](https://web.archive.org/web/*/https://nft.gamestop.com/index.js)\] several times the last months. + +edit: For those who don't understand: The code of the runners game was changed, they have added the shown code so that starting at a score of 42,069, there is a hue shift, the runners speed is lowered and the gravity is set on 0.1, as seen on u/Expensive-Two-8128's [video](https://www.reddit.com/r/Superstonk/comments/rr1sma/video_42069_easter_egg_on_the/). + +&#x200B; + +Happy Wednesday my dudes! +since joining this subreddit i have been contacted numerous times by accounts with no or very low karma about debt consolidation and other scammy services through the reddit chat and direct messages. + +**please exercise caution and report these scammy users.** +Hey Daytrading community! + +&#x200B; + +I've noticed (and love the fact) that so may people in daytrading specifically are caught on psychology and psychological hang ups. Even yesterday there was a write up on "the best strategy won't make your rich" and couldn't agree more. + +I did a recent write up on this very topic on something that loads of people miss when pursuing a real career in trading - simplification. + +&#x200B; + +I coached a couple guys and the issues were all the same, just as mine were (and still are sometimes): + +\- Overtrading + +\- No actual trading plan written down, with buy rules, sell rules and position size + +\- No respect for risk + +\- Amazing ability to risk to much + +People go super deep on these topics and rightly so but there are some pretty straight forward things that have helped me be consistent in my trading career: + + + +1. Limiting social media - this was a life changer not just in trading +2. Reducing Screening Criteria results (so more criteria but less selection) +3. Optimizing my Trading Workspace - the layouts and qualifying trades +4. Using a Checklist +5. Quarterly Trade Review + +I think the first part of getting more consistent is really treating this like a business. The amount of people deluded about what it takes "is too damn high" though. + +Everybody wants to make the money, nobody wants to accept it just takes HUGE personal responsibility and some years to get spot on. + +The full writeup is on my blog redpilltrades - nothing for sale, just fascinated about my own psychology, that of others and how trading is the greatest arena the world has to offer. Good luck on open! +My partner and I are FTB and have had an offer accepted on a flat that has all of our wants and needs. It’s in south London, zone 3. We’re 28yo, so I can see us moving out after 5-6 years to (hopefully) have some more space for a few kids. + +I’m not sure whether I’m having cold feet generally because it’s our first property purchase or because I’m suddenly not sure about a flat vs house (?). It’s a great flat but I‘ve recognised the huge advantage of being a FTB and I can imagine the stress of moving in a few years with child(ren) in tow/pregnant and a chain. + +I’ve written a list of pros and cons, and at the moment the huge pro is living in London - but I’m not sure if we’ll care about that in the future as we mature and start a family. It’s also quite an expensive flat at £650k, which can buy a lovely semi detached house just outside of London. + +Would like to hear if anyone regrets buying a flat first or found that they moved to a house pretty soon after buying a flat? + +ETA: It’s a top floor flat of a converted Victorian townhouse so no cladding issues or service charge etc. + +ETA 2: Thanks everyone for their replies! It’s really been so helpful! +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. +When I was laid off/retired early at 40, my wife insisted I take out a $1M life insurance policy. It costs $818/yr for 20 years. After 20 years, my kids will be adults, so we no longer should have a need for the policy. The policy ends and it's worth nothing. + +After 8 years of paying the premium, my NW has is now 4x what it was before. If my NW at 40 was FIRE, now I'm definitely FatFIRE. If my family were to collect the $1M (and we sincerely hope they won't have reason to), it's not really going to make a difference to their lifestyle. + +My question is should I continue to pay the $818 per year for the next 12 years, or just cancel the policy? I certainly wouldn't be able to get this rate at my current age even though I'm healthy; however, I feel like I'm just throwing money away for relatively little benefit. +I honestly don’t understand this. So much research demonstrates that simple investing beats FAs a VAST majority of the time. Meanwhile, the fees for most FAs rob you blind. + +Why do so many people hire FAs?!?!? +Due to the large emphasis and growing potential of seaweed farming in India, there seems to be a great opportunity to invest in seaweed stocks. I was unable to find any such listed companies. Are there are listed companies on NSE/BSE that is into seaweed farming? And what are your thoughts on the future of seaweed farming in India and investment opportunities? +The title of this post is a good tldr, but I’ll post more about my inquiry below. + +I’ve been working as a data scientist for a short while now and want to move my career to the finance side of things. In my current work I primarily use python for data engineering, visualization, and modeling. In my own opinion I’m very proficient with python, but my math skills are lackluster - the last time I touched a math textbook was in highschool. + +My question is, what resources (preferably books) would be most beneficial for someone in my shoes who wants to become a quant developer? + +All recommendations are greatly appreciated! I prefer reading to online tutorials but am open to them if you think they’d be a better way for me to learn. + +Thanks! +Economics is, on some level, based around the idea of limited resources/inputs. + + +This is interesting to me when I consider how private capital operates; growth for the sake of growth. Publicly traded companies are judged on how much they grow each year as their metric for further investment. + + +But at some point, resource constraints will reach a level where further growth is unsustainable (at least for a large % of people). + + +Sure, we can become more efficient at using resources but every cycle of increasing our targets for growth means there is an ever higher bar. + + +I'm very far from an expert but trying to wrap my head around this is a little confusing. The best way I can make sense of it is that we are gambling that resource availability is somehow consistent over time. +Although Italy, Sweden, Norway, Denmark etc are all wealthy countries, I think most people would agree that it is better to be a worker in Scandinavia than in Italy - wages are higher relative to cost of living, unemployment is lower, and so on. Yet both places have (what seems to be) a similar minimum wage system. Given that Sweden, for example, is famed as a great place to be a low-income worker whereas Italy is notorious for the low work conditions of menial workers, is there much difference in how their systems are implemented, or is the difference due entirely to factors besides the minimum wage? +I’m currently living in Saint Louis, which as I understand it is pretty LCOL for a city. I’m not necessarily interested in finding the lowest but just some that people like with a good bang for your buck. If anybody has links/reading on this I’d be interested in checking that out too! + +For reference I’m a software engineer without significant debts (student loans/car payment) and am pretty easily able to reach 50-60% SR). + +Edit: Got way bigger than I expected. I think I’ll have to talk to my girlfriend about taking some weekend trips over the next couple years just to explore a lot of these places and see if we’re pulled anywhere! Thanks so much for all the suggestions +Just wanted to throw out a big thank-you to all of you who used, provided feedback on, critiqued, contributed to, and shared my whale tracking app (GitHub link below) this past week. + +https://github.com/pmaji/eth_python_tracker + +Thanks to your support, the app was included in Python Weekly. More people have contributed to the code, and many much-requested updates were made. We are still far from done working on the app, but the feedback has been amazing, and I just wanted to say thank you :) + +We are still working on many improvements, and even though we've gotten a lot of publicity, I wanted to share that we could still use your help in two main ways: + +- Comments and contributions: if you have any feature you want added or idea you want considered, please add it to the GitHub as a new "issue", or add to an existing "issue" if pertinent. Also, and perhaps more importantly, if you or someone you know has Python experience, please do contribute to the code, fork it, and submit pull requests to your heart's delight. + +- Sharing / promoting the app: please do consider sharing the app with friends or fellow traders, starring the project on GitHub, and /or donating to the ETH donation address (we're still way short of being able to host this via AWS sustainably): 0xDB63E1e60e644cE55563fB62f9F2Fc97B751bc49 + +Y'all are the best, and this has been the most fun week of programming / interaction with this community I've ever had. Here's to many more! + +*Update*: I've had some awesome convos with you guys tonight already, and new contributors are reaching out which I really appreciate! I've tried to be pretty responsive to DMs and comments, but gotta crash for sleep. I'll check through all comments and messages in the AM and am looking forward to a day of more updates :) + + +if you’re even remotely invested in crypto, it has been a frightening ride this past week. Sleep has not been easy to come by, but at the least, you’ve probably been watching the beautiful bounce that’s happening right now in the markets. + +It seems we’ve finally found support and are trending upward and with massive news still rolling out daily for $HAPPY, it’s no wonder that it’s been exploding with the rebound. +Just last week, HappyCoin was sitting at a mere 10M mcap, with a whopping 50,000 holders still actively supporting the coin. While some early whales exited during the panic, tanking the price further, **the community doubled down on their positions**, creating rock solid support levels for the project. + +Why? Because $HAPPY is an insanely good find, with a talented, doxxed founder, who actually delivers on everything from their BULLISH roadmap in a sea of shitcoins (more on this below)**.** + +Consider that even through the dip, he’s been out in LA meeting up with **Jesse Wellens** whose locked into the project with his **10.7M Subscribers on YouTube**. Check out their socials, it looks like they’ve been hard chilling. + +You might also notice **Jesse is friends with a recently rebranded Snoop Doge**. Can you connect the dots on what might happen here? + +It’s no wonder yet another **dev doxxed for Happy**, even during a crash, as there is no token out there with as bullish of an outlook. + +**Bilaxy is coming this Friday**, and **Bitmart** is rolling in at the end of the month. It’s going to be hit after hit after hit and when you see BTC at $70k since that’s what the chart is telling me, (scarily similar to the last bull run) you can’t even imagine where $HAPPY is going to be. +I mean, already if you had bought the dip you’d be over double your money, but there’s still time to catch this before it goes another 10x. And we all know China FUD is always a big nothing burger and there’s way too much exposure for anything to stop this crypto train from rolling. +So join the telegram, the discord, watch their live streams where they have **donated $140,000 live to mental health / illness organizations in the past 3 weeks**, and enjoy as more influencers and exchanges pile on one of the fastest growing tokens in all of crypto. + +[Website:](https://thehappycoin.co) +Going back to the first few years following the launch of Bitcoin, there were limited options for purchasing the cryptocurrency and users were often required to interact with unregulated and risky exchanges. Many of the first exchanges were hacked, most notably Mt. Gox, and users’ funds were lost and their information stolen. + +Today, majority crypto exchanges must comply with extensive laws and regulations depending on the jurisdiction they are based in, and a number of top exchanges have led the way in developing processes for digital assets to be traded safely and securely. Of course, they still remain vulnerable given what happened to Celsius recently. + +I get it. Self-custody has advantages. Crypto exchanges can freeze your account at their discretion, and their customer support is a disaster. The government can ban crypto and freeze your funds. In an emergency, you can take your hardware wallet to another country. You can yield farm. And so on, but the risks are just as high as outside custody. + +There are numerous stories on the Internet about engineers who have lost everything due to a custody error (losing their seed phrase, typing incorrect seed phrase, a hard drive failure, a backup failure, their house burns down, having their seed phrase stolen,). I've met many of them, and they all regret not keeping their coins on crypto exchange. + +And if bad things happen to engineers, what about the rest of us? It's asking for trouble to tell the world's grandmothers to buy a clunky hardware wallet, upgrade its firmware, navigate a janky UI, and send a bunch of alien-looking transactions around. + +Frankly, I absolutely hate having to “caretake” and be responsible for my own crypto, remembering passwords, doing stupid wallet updates, constantly worrying about malware, stressing about PC/phone changes over the years. For small amounts it might be fine, but for larger amounts, across multiple cryptos, I don’t like it. People say it’s easy, just get a ledger, yeah my ledger details were leaked in that hack, which resulted in consequences for me. + +I could withdraw my cash every month from the bank and keep it under my mattress, but I don’t, for obvious reasons. I don’t know anyone who does. All this “be your own bank” thing in crypto is fine for mickey mouse amounts, but once these amounts start becoming serious, it’s ridiculous. + +The general consensus online is that you should never keep your cryptocurrency on an exchange or in the hands of a custodian. Instead, you should store it all on a hardware wallet. + +I believe that an alternative to the popular "not your keys, not your crypto" mantra is to "keep your crypto everywhere" in top CEX such as Coinbase, Binance, Kraken, Gemini, and FTX. In addition, BlockFi, Crypto.com, Nexo and [Haru Invest](https://finance.yahoo.com/news/haru-invest-acquires-money-business-130000294.html) deserves special mention for obtaining an MSB license from U.S. FinCEN, which contributes to the expansion of CEXs adhering to the extensive laws and regulations. +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! + +It’s been over a year since we began learning about DRS. According to the most recent estimates, this community has directly registered an estimated **70 MILLION** shares which is absolutely incredible to say the least. + +How did we manage to have 180,000 people do something they had never heard of before? **Knowledge.** DD. Education. AMAs. Meaningful discussions. Providing information and encouraging those to still do their own research and make the financial decision that they felt was best for their own investment. + +180,000 people opened ComputerShare accounts. Some decided to DRS 100%, some decided to DRS 50%, some decided to DRS a few shares, and others decided to continue holding in brokerages. **No matter what percentage someone decided to DRS or not DRS, that was their financial decision to make.** + +Personally, I first opened my account at ComputerShare last September. I didn’t transfer shares there, but I directly bought 3 shares because I was skeptical (but still wanted a few there *to be safe*). Since I first opened my account, I’ve initiated several transfers and DRS’d a large portion of my investment. I didn’t do it because of pressure, guilt, or being shamed; I did it because the more I learned, the more I wanted *my* shares held in *my own name*. + +Maybe those that didn’t DRS 100% or at all didn’t want to take a tax hit with their IRA. Maybe they are in a 401K. Maybe they didn’t want to have to sell their shares. Maybe they are still on the fence and doing more research. Maybe they want to stay diversified. Maybe they even really like their broker. Whatever the reason may be, it’s their **own**. + +**The division needs to stop.** Someone buying and holding GME is not the enemy. Someone buying and holding GME is not a problem. Someone doing their own research and making their own financial decision is not *insert any derogatory word*. + +**If you’re passionate about DRS, if you want to lock the float, then contribute in a meaningful way.** Share education, share knowledge, answer questions in the [DRS Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/)**,** be supportive. That’s how we’ve gotten this far. That's how there are an estimated 70 million shares directly registered. + +**There’s enough we are up against in this saga, we don’t need to add those holding GME to the list. This community is for every** ***individual GME investor.*** There’s no right or wrong way to hodl the stock; how someone chooses to manage their investment is and will always be their own choice. *Nothing on this sub is financial advice.* + +Bullying, shaming, and insulting someone does nothing but probably ensure that they are completely turned off to the idea of DRSing *and* participating in this community. That’s not the way... but you know what is? Sharing knowledge. Showing compassion. Being kind. Offering support. Engaging civilly. + +That’s how we win this. +"Time in the market..." + +&#x200B; + +"The market can stay irrational.." + +&#x200B; + +"What about Japan!" + +&#x200B; + +"Dollar cost average into index funds till you're 90 years old! I don't care about that day to day of the markets (yet i still read this sub every day)" + +&#x200B; + +"only invest in USA, china is a sham and EU is dead" + + +why does this get upvoted every time? Do people never get bored of hearing these over and over? +Ford hit its highest level in 20 years last week after it announced plans to double the production of its electric F-150 to 150,000 units by 2023. General Motors also saw a stock price boost after it unveiled the electric version of its best selling pick-up truck, the Silverado. + +"They soared on those electric vehicle announcements, think about that, that's ridiculous," Wood said, adding that electric vehicle sales represent only about 2% of traditional automakers' sales, while the rest are driven by gas-powered vehicles. + +"What if the other 98% or so are on their way out as the consumer preference shifts toward electric?" Wood asked. + +"They have problems because their gross margins, depending on the company, are somewhere between 10% and 20%... Well they don't have a lot of room for error," Wood explained. + +"What if we're right and there's not a 20% increase in sales? They'd probably have to start cutting prices if we're right on the used car market...which means they're probably going to be facing credit issues since they're hugely leveraged to the credit that people take out on their autos," Wood said, adding that there's a lot of complacency in that market. + +Wood believes Tesla and electric-forward automakers are a better buy than the traditional automakers, and suggested a company like Ford or General Motors could post a surprise loss next year as they see increased spending to transition towards electric vehicles and less demand for their gas-powered cars. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](http://bit.ly/2wHaMBm). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- 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, [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! + +It was funny and interesting, one of them works in cyber security and doesn't seem to know much, but the other was a high frequency trader, and the idea of retail buyers investing in companies like GameStop and other "meme" stocks was sickening to him, he spoke about it in the same demeanor that Anthony Chukumba did, he hates RC, he denied being long or short, but he wished me luck because he thinks RC is an egomaniacal kid who is leading a cult of kids who will forget all about GameStop in 3 years or so. He really hates the stock, he really seems to believe the MSM bullshit that we read and laugh about in here all day long! I guess it's easy to manipulate public opinion when you believe what you're feeding your targets! + +He told me to be careful and that this was all just a big gamble and that nobody needs GameStop for video games anymore (🤣😂🤣😂), little does he know! + +I told him I believe in the company and that I would buy the stock no matter what, particularly if the price declined, he knew he wasn't getting through to me, not that he cares but the conversation came to an end and it hit me... + +There are people residing all over the world, who think just like me... + +Short institutions are beyond FUK't! +Some text from the full report + +* Despite a strong run up in Indian equities in the first half of 2021, the +majority of active funds in the large-cap and mid-/small-cap fund +categories lagged their respective benchmarks +* Over the one-year period ending in June 2021, the S&P BSE +100 was up 55.96%, with 86.21% of funds underperforming the benchmark. Over H1 2021, 53.13% +of the funds underperformed the S&P BSE 100. +* For the last 1, 3 and 5 year periods >80% of the surviving large cap funds have underperformed the index +* The bond funds fare worse than this - we sorely need a good inde fund in the bond space + +Source: [https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf](https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf) +Let's say I have just over 50L to invest and I'm looking for a wealth manager to invest it for me - what are the things that I should keep in mind? + +1) Am I even big enough for wealth managers to care about me? Or will I end up being a footnote in their excels? + +2) What parameters should I use to evaluate wealth managers? + +3) Any recommendations? + +(As for my motivation - I simply don't have the time to manage this money, I need someone who can consistently grow it with limited intervention from my end. I want to focus on bringing capital in while someone else does the growing part.) +&#x200B; + +https://preview.redd.it/c3w01n4j6su61.png?width=243&format=png&auto=webp&s=84640be4cb46f270a1be1bb587c9f1c39e60ab54 + +\-Tuesday (4/20) Yesterday (4/21) and Today (4/22) rank #3, #1, and #2 in lowest volume, respectively. + +\-We would have to go all the way back to November 18th, 2020 to find a lower volume day (\~3.169 million shares). + +\-Only 5 days have volume under 5 million in 2021. **4** of those occurred in the last 12 trading days. + +Just for fun, lets check out the volume over those last 12 days: + +&#x200B; + +https://preview.redd.it/m07kv2xfsuu61.png?width=183&format=png&auto=webp&s=a2f96b9e442e1194e15408e0d9c947e941415396 + +10 Day Average Volume (in Millions): 9.045 + +5 Day Average Volume (in Millions): 5.700 + +&#x200B; + +# HODL. +Taking a short stroll through walstreetbets subr is like wading through a redlight district full of junkies high on a drug called GME... surely at this rate they would plan their exit, IF they haven't already mate. +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 work for a pretty big company (name of a big rainforest) and I recently joined a team as someone who handles problems. + +Our systems became 80% automated so most problems are now resolved without me stepping in. From maybe 7hours of work a day, I’ve timed myself to doing an hour and 48 minutes of work a day on average. The rest I spend watching videos, browsing reddit. + +I’ve spoken with several higher ups on my team. They have confirmed I have job security, that I just literally handle any problems that come my way, I asked for any other assignments and they told me not to worry, just to focus on any issues with the system. + +I’m bored out of my mind and I’ve signed a contract for another year and a half. The thing is, I’m guessing I’ll maybe receive 5% of problems where I need to do actual work once they automate as much as I can. + +Do I start looking for another job? I feel as if I’m blessed enough to be in this position, but seems too good to be true. + +Update: Thank you guys! I spoke with several higher ups about how I felt, from going to doing 6-7 hours of work a day to 1-2 hours a day. I asked that I be cross trained with new incoming teams so I could help with their systems. Most of them loved the idea and actually offered to give me a pay raise! + +A few asked why I wanted more work, told me that my position was eventually meant to be like this and again, assured me that I didn’t need to do anything more. + +I’m going to be working with new teams starting in a month. Till then, I guess I’ll enjoy this. For those who say to enjoy my time: I’d rather be productive, I felt like I was contributing nothing and not doing anything with my life for the past few weeks after automation. Not to be ungrateful, life just felt a little stagnant, + +Just bought “The Last of Us”. + +Thank you all for your kind advice:) +New to investing here. I shot myself in the foot big time buying SCR on the day the bill passed, and obviously it's been all downhill from there. I learned a hard lesson here,so I'm wondering what you all think is on the horizon for SCR. I'm worried the gov will intervene before they even get their sports betting product out there, which would essentially wipe out their stock. +Some of you may remember me. I wrote this article in May, 2016 two weeks before the DAO hack, explaining why I invested more than I could afford to lose in ETH: + +https://medium.com/citizen-crypto/investing-in-ethereum-what-can-you-handle-for-30x-returns-192f4043c492 + +I'm now writing a book about my experience and what it was like to go through the highs and lows of investing in the ETH and believing in the future of a decentralized world. A big part of my experience has been EthTrader. I've loved you all, hated you at times (when you sold), and drawn close to this community as a participant and for the last year as a lurker, as I have focused on writing this book. + +I still remember what it felt like to have a large stake of ETH in February, 2017 when I'd lost more than half of my investment and Bitcoin Maximalists and other trolls were telling us Ethereum was dead, yet we refused to fold. I had bills, mouths to feed, and a mortgage to pay. It looked like I’d made a serious fucking mistake. + +But then when I was in Puerto Vallarta on February 20, 2017 suffering from food poisoning, in a cab at 3AM on my way to buy Dramamine to stop the puking, I didn’t care because for the first time I was in the black. Between February 2017 and April 2017 ETH shot up more than 500% to $40, and then beyond. + +If you were around then, during those first Donut Days, can you share some anecdotes of what that was like? I’m interested in any particulars about how you felt and things you did in your normal life to deal with the beautiful euphoria and the mania. I’d love to consider including it in my book. I never experienced anything like it before, and I’ll never forget the camaraderie on this board, the constant holy shit moments, when we kept realizing that we had been right. I’d walk the dog all over town smoking cigarettes (I don’t smoke), listening to music and dreaming of what was next both financially, and in this new world that Ethereum would eventually usher in. + +I appreciate any feedback at all. And BTW, this feels like December, 2016 when there was blood in the streets, ETH was $6 but development and silent momentum was building every single day. I’m a true believer, so take what I say with a grain of salt (and buy ETH). + +(edit... words) + +Imagine co-writing the [New York Times](https://web.archive.org/web/20210127230008/https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html)' biggest piece on class warfare in a decade and completely missing the fact that poor and middle class investors are doing this out of a sense of survival and spite. + +Thank you Matt Phillips and Taylor Lorenz for enacting the same level of distain for us as the hedge fundies our tax dollars bailed out after the Great Recession. + +You mischaracterized both the type of people involved in this action (literate, engaged, working poor to middle-class) and the action itself (is it greedy to spend our paychecks wringing dry hedge funds who daily manipulate the markets in milliseconds while we are forced to drop a few bucks here and there and hope for the best?). + +There is a palpable elitism at play here, and a deeper concern that rests not with those risking real money during a pandemic for the shot at a better life but for the goddamn MMs and collective arbiters of financial advice and financial institutions beneath whose thumbs we've been placed to squirm long enough. This is a handful of stocks we're using to kneecap some idiot short sellers and you're insinuating that we're about to collapse the whole system. + +We're not. We can't. These motherfuckers can, and have. We're fighting for a piece of the damn pie. + +Make up whatever story gets you the headline, "[above the fold](https://twitter.com/TaylorLorenz/status/1354635872180662273)," as you so deliciously revel in bragging about. I hope you both learn from this. Because you didn't even bother to spend any time here listening to what these working folks have been shouting into every post on the board, shouting on Twitter, on Facebook, into our phones as we watch the stock green dick rocket every hour on Robinhood: "THIS ISN'T ONLY ABOUT THE MONEY!" + +HOLD! HOLD! HOLD! + +edit:words +edit 2: I don't actually hope it's your last stories; I'd rather you learned from the experience. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi r/thetagang! I was thinking of buying [**LEAP**](https://www.investopedia.com/terms/l/leaps.asp) call options (or debit spreads) on some top tech stocks that I'm generally bullish on (**MSFT, FB, NVDA, AMD, FB, SNAP** etc.) but wasn't sure if the macroeconomic factors at this point would support this investment. More specifically: + +&#x200B; + +1. **Fed taper**: News reports suggest that the Fed taper will begin sometime [before the end of 2021 ](https://www.reuters.com/world/us/feds-clarida-employment-test-begin-bond-taper-all-met-2021-10-12/) and conclude sometime in the [middle of 2022](https://www.cnbc.com/2021/09/22/federal-reserve-holds-interest-rates-steady-says-tapering-of-bond-buying-coming-soon.html). Some articles do however suggest that the [impact of this on the market won't be too high](https://www.thebalance.com/fed-tapering-impact-on-markets-416859) and that the "[tantrum](https://www.investopedia.com/terms/t/taper-tantrum.asp)" from 2013 was more fear than actual impact on the market. + +2. **Fed interest rate hikes**: News report suggest that with inflation and/or stagflation, interest rates would have to be [hiked either in 2022 or early 2023](https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html) +"*In the “dot plot” of individual members’ expectations for interest rates, the committee indicated it could begin raising interest rates as soon as 2022. Markets currently are pricing in the first rate hike for next September, according to the CME FedWatch tool. Following the release of the minutes, traders increased the likelihood of a September hike to 65% from 62%."* + + +What would the impact of these factors be on tech stocks like the ones I mentioned above? Is it still a prudent decision for me to buy LEAPs on these stocks that expire in say Jan 2023 / June 2023? +https://www.cnbc.com/2020/02/17/apple-warns-on-coronavirus-it-wont-meet-revenue-guidance-because-of-constrained-iphone-supply-and-suppressed-demand-in-china.html +Following another record-high inflation reading and hawkish comments from Governor Bailey, expectations are for the Bank of England to finally join other major central banks and implement a larger 50bps rate hike at tomorrow’s meeting. + +Given that the market seems to have almost fully priced-in this outcome, traders will likely be paying greater attention to the forward guidance provided after the meeting. + +With the Fed and RBA recently stating that future decisions will be based on incoming economic data, a clear message that the BOE will prioritise bringing down inflation could help establish a relatively hawkish tone. Doing so would likely have a sustained impact on financial markets, potentially supporting GBP higher, while the FTSE could at risk of breaking back below its key 200-day MA as investors reposition for a more aggressive tightening cycle. + +Of course, it is important to remember all trading carries risk as the BOE could easily echo the tone struck by the Fed and RBA, or even surprise markets and go for another 25bps move. + +Either way, it will be interesting to see how the decision plays out in the markets over the coming months. +I put in a buy order for Vanguard Lifestrategy 100 fund on Friday at 9 or 10 am on Friday through my iWeb S&S ISA, but it still hasn't been executed! + +Surely two full working days is enough? I thought funds were valued once a day and that is when orders were executed, so was expecting it to happen on Friday! + +Edit: Still not executed at 12:40 on Tuesday... +Microsoft Cloud Fuels Third Quarter Results + + +REDMOND, Wash. — April 27, 2021 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2021, as compared to the corresponding period of last fiscal year: + +· Revenue was $41.7 billion and increased 19% + +· Operating income was $17.0 billion and increased 31% + +· Net income was $15.5 billion GAAP and $14.8 billion non-GAAP, and increased 44% and 38%, respectively + +· Diluted earnings per share was $2.03 GAAP and $1.95 non-GAAP, and increased 45% and 39%,respectively + +· GAAP results include a $620 million net income tax benefit explained in the Non-GAAP Definition section below + + + +“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft. “We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.” + + +“The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% year over year," said Amy Hood, executive vice president and chief financial officer of Microsoft. + +The following table reconciles our financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. Additional information regarding our non-GAAP definition is provided below. All growth comparisons relate to the corresponding period in the last fiscal year. + + +From https://www.microsoft.com/en-us/Investor/earnings/FY-21-Q3/press-release-webcast +Now, I've never really been great with money... I have a decent job at a small factory that makes plastic fittings, making $15/hour. I have a little bit saved up - about $800 - but I just started three weeks ago. I'm 19 years old and always say I'm ready for the real world, but honestly, I'm really fucking scared. + +What scares me is that I have no idea how insurance works or how to pay bills. I don't know how to manage having an apartment or anything. I'd love if I could sit down with one of my parents and they could help me, but if all of us aren't working a certain day, they're busy getting the house cleaned and things packed. I need to be out within the end of this month. + +Do you guys have any money saving tips? Hell, even the basic jist of how to pay my own bills. Phone, car (when I can afford one), etc. Anything honestly helps. +[5,230,200 Shares Issued and Outstanding as of December 31, 2019](https://grayscale.co/wp-content/uploads/2020/03/ETH-2019-Annual-Report.pdf) +[13,255,400 shares](https://grayscale.co/ethereum-trust/#overview) April 24, 2020. +0.09427052 ETH per share. +(13255400-5230200)\*0.09427052 = 756539.777104 ETH bought since December 31, 2019. + +ETH supply December 31, 2019 - 109094019.21875 ETH +ETH supply April 24, 2020 - 110657265.09375 ETH +Difference: 1563245.875 ETH +ETHE bought 48.4% of all mined ethers in 2020. + +[Given the recent increase](https://decrypt.co/25853/grayscale-reports-record-ethereum-inflows-in-2020) in investments, this percentage could be much larger in the future. + +EDIT (28 April): +turns out the fund fee is charged by slowly decreasing the amount of eth per share. As of today, it's [0.09425115 ETH per share](https://web.archive.org/web/20200428102334/https://grayscale.co/ethereum-trust/) (web archive link). This means the bought amount in 2020 is a bit larger - the exact data is not public as it requires knowing the exact time ethers were bought. +# Prelude + +This is going to be a very mathy post, so for those who don't care about all of that and want just a number: **there are conservatively around 34.8M shares registered of GME in CS**. You can also scroll to the bottom after all the math where I labelled it "*Conclusions*" for some further insights on this or skip straight to "*TL;DR / TA;DR*" section if that is more your speed. + +As always, I am not a financial advisor and none of this is financial advise. Please do your own research and make your own conclusions before making any investment decisions. + +# The Math + +*^(Note: To keep this clean I'm going to link all references at the bottom of this section instead of at the bottom of the post to keep it open for the summary.)* + +Let's first lay out the foundation of what I'll be doing here. I started trying to speculate on how many shares were registered in CS back on 09/20 using u/Criand's post^(0) about DRS as a way to take the pulse on how much attention the idea was capturing. *At the time*, the post^(0) had a karma score of 17.3K with 93% of the people upvoting it. Doing simple math (17.3K / 93%) we can extract that around **18.6K** people upvoted the post. I tried running some numbers with this, but on it's own wasn't too helpful because I didn't have a good grasp on what percentage of users that did a DRS transfer would also take the time to upvote the post. It did end up being useful a few days later, though, so just keep that 18.6K number in mind. + +Two days later on 09/22 we get a post the outstanding ape u/jonpro03 who went through the trouble of sorting through all the CS posts and provided us with this post^(1) that presents the purchase value and source post for each of the users who posted screenshots of buying new shares of GME through CS. With a total of $508,342 spent and an average cost basis of $200 that gives us *2,541 shares* from 37 individual apes, which we can use to compute a mean of around **69** shares (*nice*). However, looking at the actual data we compute the medium value as 625 shares and the standard deviation as 240 shares. This is because around 60% of those purchases were made with at least $1,000 or more (i.e. purchasing at least 5 or more shares) while the other roughly 40% were purchased with less than $1,000 (i.e. less than 5 shares worth), giving us a minimum and maximum of 0.5 shares and 1,250 shares. At this point I tried to extract some more data from this by using the insight that on social networks like Reddit, it’s not uncommon to see 1% showing engagement while the other 99% remain silent. So if we extrapolate here that those 37 individuals posting their orders make up 1% of the people who bought shares that day via CS, that gives a projection of 3.7K individuals making purchases. And if we then use the Pareto principle (also known as the 80/20 rule) that 20% of apes have 80% of the collective wealth of all apes, we can assume that if someone where to both DRS a percentage of their shares to CS *and* purchase more shares with CS as well, it would be that 20% of apes. So if we assume those 3.7K individuals are 20% of the total population of apes currently transferred to CS at that time we can approximate it being around **18.5K** people. You may recognize that number as being *very* close to the 18.6K approximated above. This is getting us closer to being able to make some informed decisions, but we are still have the missing piece of some real data to back up exactly how many users have *actually* made new accounts with CS. + +That missing bit of information was filled in by the post^(2) u/shayen7 made the next day on 09/23 when they noticed that the CS account numbers appeared to be given sequentially and that they could be used to track the progress of how many transfers/purchases have been made. Using 40K as the starting point from their graph and 120K as the highest known CS account number at the time, that meant that at least 80K apes direct registered their shares by then. Using their chart, we can also see that during the time period that I was taking the metrics above around **20K** people made new accounts with CS, which is again within a healthy margin of error for the 18.6K and 18.5K values from the previous two approximations, which I'm going to use as a good indicator that we are making the correct assumptions so far. + +Now, let's start trying to make some insights. From a post^(3) by u/KingMustardRace, they provide the insight that the majority of apes are most likely X or XX holders and that the majority of collective GME shares are held by these individuals. Using the 80/20 rule again, let's assume that 80% of apes fit into the X/XX category and the other 20% fits into the XXX+ category. For my next assumption it is more based on an aggregate of sentiments from the comments on the subreddit rather than any one solid source I can link to (so take with a grain of salt), but the general vibe I've experienced is that most of the apes that fit into the XXX+ category seem more content with holding indefinitely / DRS transferring 80% of their shares while the X/XX category fall more into vibe of wanting to hold indefinitely / DRS transfer 20% of their shares. Since multiplication is commutative 80% of 20% is also 20% of 80%, both of which are 16% and together gets us 32% and is also the rough approximation of how many shares collectively held by apes we can anticipate being DRS transferred into CS. + +Using the combined results4 from the surveys done by u/Get-It-Got we can use the share average of *376* shares per shareholder alongside the total population of apes in the subreddit we can get a decent approximation of the total number of shares held by its members. Using the deductions from u/1FuzzyPickle's post^(5) let's subtract 30K from the current membership total today of 638K members and say there's 608K "real" apes here. This gives us a projection of around **228.6M** shares being conservatively held by apes, and taking 32% of that we get **73.1M** shares total that apes would be willing to transfer given the current sentiments. Using the highly contested float value provided by Yahoo Finance for GME, the float is supposedly around 61.8M so we would need approximately **86.6%** of apes here to transfer their shares. + +Which begs the question: *how far along are we*? Which is also the question I made this whole post to answer, so I should probably hurry up and get to that part already. For my last source we have a post^(6) that came out today from u/FakeAsian, we have *at least* 330K CS accounts registered. Subtracting the 40K from the earlier post^(2), that gives us ~~310K~~ 290K new accounts. Since we are using the 376 share average and a 32% being transferred, that makes the average shares being transferred around **120** shares, which gives us a conservative projection of **~~37.2M~~** **34.8M** shares currently registered. + +To hit 62M and tie up the entire float in CS using this same rationale, we should get very close to hitting that point once we have around 556.6K CS accounts registered. Meaning that we are currently around **~~59.2%~~** **56.1%** of the way there. This is both exciting, but also crucial to really internalize since that means we still need another **226.6K** apes to register their shares to get us there. + +EDIT: 330-40=290, not 310. Whoops 😅 + +Reference: + +^(0) [https://www.reddit.com/r/Superstonk/comments/prpum9/computershare\_and\_drs\_is\_the\_way\_it\_ignites\_the/](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) + +^(1) [https://www.reddit.com/r/Superstonk/comments/psy6mp/you\_crazy\_apes\_puchased\_how\_much\_the\_last\_24/](https://www.reddit.com/r/Superstonk/comments/psy6mp/you_crazy_apes_puchased_how_much_the_last_24/) + +^(2) [https://www.reddit.com/r/Superstonk/comments/ptyxww/speculation\_your\_computershare\_account\_tells\_you/](https://www.reddit.com/r/Superstonk/comments/ptyxww/speculation_your_computershare_account_tells_you/) + +^(3) [https://www.reddit.com/r/Superstonk/comments/pxfokn/lets\_call\_it\_the\_brrrr\_distribution\_drs4moass/](https://www.reddit.com/r/Superstonk/comments/pxfokn/lets_call_it_the_brrrr_distribution_drs4moass/) + +^(4) [https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh\_google\_consumer\_survey\_results/](https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh_google_consumer_survey_results/) + +^(5) [https://www.reddit.com/r/Superstonk/comments/pxbzal/online\_activity\_tracker\_guy\_here\_were\_being/](https://www.reddit.com/r/Superstonk/comments/pxbzal/online_activity_tracker_guy_here_were_being/) + +^(6) [https://www.reddit.com/r/Superstonk/comments/pxxh9q/new\_high\_score\_got\_account\_33xxxx\_from\_shares/](https://www.reddit.com/r/Superstonk/comments/pxxh9q/new_high_score_got_account_33xxxx_from_shares/) + +# Conclusions + +Based on my math there's very likely about **40%** of you out there that have not registered shares into CS. A large motivation for this post is to dispel any assumption that a minority of apes can DRS their shares and it will be enough for the entire float to be registered in CS; **it will not**. Achieving the goal of getting 100% of the float of shares registered in CS means reaching another **226.6K** apes who have not already transferred. + +However, I like to play the devil's advocate so to argue my own point above, a second option if we are approaching a maximum of apes who will transfer their shares if for there to be an action from *the apes who have already transferred* (which if I'm being honest is who is most likely the majority of people reading this). We are right now around **24.8M** short of the entire float being in CS and there's roughly 290K of us so far. That's **80** shares each of us, although since the majority of those 290K are X/XX shareholders (myself included) that amount will still be a bit daunting, but if new shares that would otherwise go to a broker are instead bought through / transferred to CS moving forward that would also get the job done. **However, this would be much slower and most likely take many months to complete.** So while this is definitely a solid plan B, plan A should still be the primary focus since that can accomplish this goal in *weeks* instead of *months*. + +Thank you for attending my Ted Talk. + +EDIT: Removed extraneous sentence. + +# TL;DR / TA;DR + +Just in case you're like to scroll to the bottom for the highlights, here they are: + +* 34.8M shares of GME registered in CS 📈 +* To register 100% of the float in CS we either need: 🚨 + * Another **226.6K** apes need to DRS into CS (fast way) 🐇 + * Or apes who have already DRS their shares need to buy their new shares with CS (slow way) 🐢 +* We are about 60% of the way there 🎉 +* These are all *conservative* estimates, so we could be even closer 🤯 +* These are still estimates, so also take with a grain of salt 🧂 +Holy shit, we're at the part where people outside of our community say that everything we've been screeching about was 'already known' and 'obvious' after hearing nothing but "wHeRe'S tHe StRaTegY" for the past few months. Seeing a begrudging change of sentiment as the House of Cards falls like we said is just surreal and hilarious. + +We're finally in the endgame again. Someone grab the Groundhog Day jpg. +63yo male in Indiana. Former financial adviser had me move my 401K ($560,000.00) to cash. What type of funds should I move it to or should I just leave it in cash for now due to the volatility in the market? I plan on retiring next year. + +I was originally going to put $500K in an annuity but decided against it. So +all my funds are just sitting in cash. + +I'm worried if I go back in the market right now I could lose a big chunk of money. + +Any advice would be appreciated! +edit: should have been more clear, there will probably be people going like 'id buy a bunch of drugs' lol. i mean if you want to be wise about it and make the most of what little you have, and not "waste" any. + +&#x200B; + +I've minimized my expenses as much as I can handle, pretty much got it down to bills, phone, ymca, and amazon. i quit smoking, drinking, video games, all i do now is go to the ymca and watch youtube. Just saving money won't cut it forever, i am only allowed to have a total of $2000 to my name (ssi, which is why the $440 is fixed) so unless i withdraw some and buy some Gold to bury every month to keep it from tipping over the limit, there's an expiration date. so I'm curious for people with more knowledge and experience, if you knew what you know but you were suddenly in my position with a fixed income, what would you do to be smart with the $440? investment? going to lots of garage sales and trying to flip? etc +Saw a similar thread in r/askreddit and wanted to pose the question to the FI community. + +Which piece of popular advice do disagree with? Unpopular perspectives that you agree with? +Hey All! + +So I have found a nice fixer-upper I'd like to buy and renovate for myself as a permanent residence. + +Some of the things "wrong" with it that need fixing: + +* Interior is very dated from the late 70s (There's carpet on the walls of one room.... Seriously Boomers, how was this a thing?) +* Roof is severely leaking and needs to be replaced +* Many rooms have drywall / ceiling staining / damage from the roof leaking +* Exterior doors are rotting / damaged and need replacing (we're talking there are literal holes through the door) +* All interior doors have been dog damaged and need to be replaced +* Carpet smells like dog and needs to be replaced +* Old electrical panel that needs replacing +* Structural damage to chimney the owners accepted money for from government but never fixed +* Trim is heavily damaged throughout +* Exterior flashing has some rot +* Kitchen appliances very old / need replacing + +Toured with my General Contractor and he didn't find any showstoppers. + +Homes in the area that have been recently flipped with a modern interior are selling for $260k. + +Was talking with my Realtor today and they suggested we offer $250k, then try to negotiate once we get the formal inspections done. + +To me that seems like a bad idea, as formal inspections will not include things like the dated interior, drywall replacements, updating appliances from the 70s / 80s, etc... + +The market here is starting to cool a bit, this house has been on the market for a month with no other interest... + +I was thinking an initial offer of 200k would be reasonable, but my Realtor is arguing on the "comparables" which I have looked at, and they are all beautiful, move in ready houses with no work needed. + +There is one fixer upper in the area that does NOT need a new roof and it sold for $185. + +If I got the house for $190-200k I'd be happy.... My thoughts were to offer $190k as-is based on our contractor's quote and the comparable fixer-upper in the area, but my Realtor seems dead set on a much higher price... + +Thoughts? +I was reading that Graham had a limit of I think it was 3 years and that if the stock did not rise to his view of intrinsic value within that frame he would sell even if he thought it was still undervalued. How do you determine after several years to sell or hold a value stock that the market isn’t recognizing the value that you see? Is it purely based on what other opportunities are out there for your capital? +So we had a company wide meeting today and our CEO asked all staff to reveal their wages, as he wanted us to understand the value of our time when working on different tasks. Am I alone in thinking this is highly inappropriate or is not unheard of? + +I can already see that it may result in tension between some team members as there was a vast difference between some team members and others in similar roles, $20k a year I'm talking. + +Just throwing this out there to see if my response of feeling uncomfortable about it is appropriate. + +Edit: thanks for the feedback so far, has been really interesting. Am opening up to the idea of transparency in salary amounts, just feel bad for lowest paid person as its a small tight knit group. + +Edit 2: We aren't a public company, and are outside of the US so these records are not accessible for us to see. Lying about it would've been fruitless as the CEO knows the company numbers so well he would have called bullshit. I definitely see the benefits in this happening, my initial response was that of being uncomfortable. Could lead to an interesting week at work next week. +i'm reading 'the breaking point' by james dale davidson. in one of the final chapters, he says the following (US figures): + +&#x200B; + +*" Say you made $500,000 in one year and saved $100,000. Then, a year later, you earned nothing but spent the $100,000 that you had saved. It would be misleading to say that your total income over the two years was $600,000.* + +*Equally, if you merely secured a loan for $100,000 in the second year, that would not make your income $600,000. Borrowing money and treating that as growth mistakes the nature of growth and overstates the actual vitality of the economy."* + +*" If you follow Degner’s lead and subtract the annual government deficit from GDP data, you see that much apparent growth is only the statistical trail of revenue shortfalls, borrowing, in Morgan’s terms, against the “energy economy of the future.” "* + +*"since 1980, there have been fifteen years with negative GDP growth, and the average GDP growth has been -0.3 percent. Without deficit spending, the GDP has actually been negative since the Reagan administration "* + +and + +*" The process of ricocheting between deflationary slumps in commodity prices and episodes of partial recovery in which tepid economic activity resumes, supported by unprecedented amounts of fictitious capital conjured out of thin air, will probably cycle at greater amplitude as the system evolves toward collapse. Contrary to headline economic reports, the end of economic growth is happening now. "* + +he paints a very grim picture of our future, predicting we may find ourselves in a post-apocalyptic 'mad max' type scenario sooner rather than later. + +&#x200B; + +edit: because my post received so many views (and i just got done reading the book) i'm going to post the author's summary from the final chapter: + +1. A continued plunge of Energy returned from energy invested (cost to extract fossil fuels) from one hundred to one in 1930, to thirty-seven to one in 1990, to fifteen to one in 2010, and just ten to one by 2020 implies that middle-class living standards and debt levels in advanced economies like the United States are unsustainable. +2. This suggests that collapse will prove to be a long-term process, not merely an episodic tribulation. +3. You can expect “the world of day-to-day realities and that of make-believe well-being” to increasingly part ways—to steal Mikhail Gorbachev’s characterization of the last days of the Soviet Union. Every effort will be made to infatuate you with bogus statistics supposedly indicative of robust economic growth. +4. As Kenneth Boulding suggested, an all-but-inevitable consequence of the growth stall is an increasing, relentless effort by special interests to make government an institution for redistributing income away from the weak and toward the powerful.[14](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +5. Upward mobility will decline as government legislates greater prosperity for the powerful. Incumbent firms will tend to enjoy greater artificial economies-to-scale so over time they will tend to capture greater market share so long as they enjoy political protection from startups. +6. Continued production from legacy fields opened during periods of greater EROEI suggests a gradual falloff of hydrocarbon energy inputs. But the overlay of cyclical movements over a secular decline imply the reverse of the picture of economic growth described by Henri Pirenne. Rather than “an inclined plane,” it would resemble “a staircase”—every step of which is liable to fall abruptly rather than rise “above that which precedes it.” Recoveries from cyclical downturns will continue to disappoint expectations informed by the modern experience of rapid 3.25 percent growth in advanced economies. +7. Dimitri Orlov suggests that the timing of collapse can be estimated by determining when a significant drop in energy consumption took place. He says you can then calculate how long the “collapse clock” is yet to tick by dividing the total wealth of a country’s people by the economic shortfall of the economy. The gag will continue until the government “has managed to strip citizens completely of everything they have.”[15](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +8. Eventually, there will be a Breaking Point, the inevitable crisis foreseen by F. A. Hayek—a collapse or “rapid decline in social-political complexity,” as described by Joseph A. Tainter. Tainter points out in *The Collapse of Complex Societies* that what “may be a catastrophe to administrators” need not be to others. People who have the opportunity or ability to produce their own food resources may avoid this catastrophe.[16](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) In 1980’s “The Role of Climate in Affecting Energy Demand/Supply,” MacKay and Allsopp point out that Europe and North America then used about 17 percent of their total energy for food production (while developing countries currently use 30 percent to 60 percent of their energy in food systems).[17](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) A collapse in net energy availability would therefore presumably be a disaster for hundreds of millions or billions of people with uncertain access to food. Institutional transformation at, or subsequent to, the Breaking Point is likely to be a tangled process, shrouded in make-believe continuity, confusion, and lies. +9. After the Breaking Point, depending on how far energy inputs fall, there could be a dramatic drop in the carrying capacity of the temperate economies. As Tim Morgan points out in *Life after Growth,* most work in today’s economy is powered by exogenous sources. Morgan writes, “Of the energy—a term coterminous with ‘work’—consumed in Western developed societies, well over 99% comes from exogenous sources, and probably less than 0.7% from human labor.” He concludes, “A sharp decline in EROEI could bomb societies back into the pre-industrial age. . . . The reality is that energy is completely central to all forms of activity, so the threat posed by a sharp decline in net energy availability extends into every aspect of the economy, and will affect supplies of food and water, access to other resources, and structures of government and law.”[18](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +10. I would expect governments to become less democratic in form as well as substance. Remember, industrial democracy emerged after the Industrial Revolution to complement the organization of power at a large scale. As government institutions devolve, the poor, being a much larger percentage of the whole, will be reimagined with much less income redistribution. +11. State-sponsored old age pension systems are likely to collapse post–Breaking Point. +12. Fiat currencies will likely be replaced with money based on gold and/or silver, perhaps in competition or in conjunction with some crypto-currencies like Bitcoin. +13. The heavily regulated corporatist economy is likely to give way to a more free entrepreneurial economy, post–Breaking Point, as governments will lack the resources to bribe electorates and reward crony capitalists. +14. I expect a proliferation of sovereignties with governments organized on a smaller scale. This will permit a more entrepreneurial stance by the leaders of city-states and microsovereignties, much as the late Lee Kwan Yew devised new options in governance that made Singapore one of the richer jurisdictions in the world, without becoming what Jane Jacobs construed as a “monstrous hybrid.” +15. As net energy availability from hydrocarbons declines, the importance of solar energy conversion, by plant photosynthesis and direct radiation, will grow. Under those conditions, one would expect higher living standards in upland regions of the tropics where the impact of the climate requires less energy-intensive remediation. According to MacKay and Allsopp, more than one-third of all energy consumed in industrialized North America and about one-half of the energy consumed in Europe is used to heat homes and commercial buildings in winter and, to a lesser extent, cool them in the summer.[19](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +16. An interesting question is how enormous amounts of computing power now available will shape the evolution of the stationary, declining state in the future. With luck, perhaps it can help expand the percentage of the population who can live well to as much as a talented tenth. + +&#x200B; + +&#x200B; +Warren Buffett made a bet that over long periods it's neigh impossible to beat the market returns. His own firm averages at 20% CAGR + +The top stock broker of my country released a statistic that less than 1% of traders make more than bank deposits. + +This makes me scared. I began theta strategy 2 months ago and have generated 15% more than the market. +Even in the worst case scenario my yearly return is projected at 40% above market irrespective of its direction. But it can't possibly be this good? Am I about to face severe losses in future that'll average me out to below an index fund returns? What's the loophole I'm missing +Hello all, + +Single male about to become a home owner of a 3 bed, 2 bath house. My best friend and I (since 7th grade) have always wanted to move in with each other so we could game and just be homies and support each other. + +He plans on joining me once he handles things on his end. I should have the house before then. + +Initially he wanted to go 50/50 on the house buying process, but based on our current locations and situations, I deemed it as a terrible idea. We're not homosexual, so we'll never be married to each other, and buying a house with someone you aren't married to sounds like a terrible idea if one person experiences a life changing event and needs to move. + +So I went ahead and bought the house and I'm just going to charge him rent at a homie discount to live with me. The purpose of the rent is solely to help me with the mortgage, as interest rates have made monthly payments a doozy. + +My question is: Should I create my own LLC and treat him like an ordinary tennant? Or should we just do everything as is with promises of rent being paid? He IS my childhood friend and I have no doubt in my mind that we'll ever come to some sort of quarrel, but there's a voice in my head telling me to do this officially. + +That being said, how would you all handle renting to someone but also living in the same house? Should I just print a blank rent agreement from online and have him sign? Should I open up an LLC? + +I plan on charging a flat amount for the room (with the homie discount) plus 50% of all utility bills, since we'll be using that equally. Is that fair? +It seems I always deal with a large amount of anexity whenever I go to make a larger purchase (buying a slightly nicer/ fun to drive car because my commute is long, buying new carpet because mine is 20+ years old etc). On paper I can afford these things, but when it finally comes down to making the purchase, I normally can't deal with spending the money I have been saving. + +What do you guys think? + + +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. +Hi All, + +I’m a single mum of one year old boy who had to take out two credit cards to survive being left by my ex while I was pregnant. + +I now work full time on £24,000 a year in a job I really love. But I’m still saddled with that £4.5k in credit card debt that I’m struggling to shift. The interest free period has run out on both and I’m just managing the minimum repayments each month. + +As you can see below, my outgoings are more than my income meaning that I perpetually become overdrawn or have to sell stuff at the end of each month to keep my head above water. + +What should I do? + +Outgoings: +Mortgage - £574 +Council Tax - £100 +Gas and Electric - £50 +Internet - £26 +Water - £32 +Mobile - £30 +Nursery Fee - £742 (3 days a week) +Food Shop - £150 +Credit Card One - £80 minimum repayment +Credit Card Two - £59 minimum repayment. +Total: £1843 + +Income: +Wage - £1623 +Child Benefit - £80 +Total: £1712 + +Any advice is appreciated. The nursery fee seems like an obvious place to start but without childcare I would not have a job! +Over the next week or so there is going to be a wave of people passing through here with the 'unique' idea that they are going to buy some British banknotes or coins and that in just a short time its going to be a higly sought after collectable. It wont. This is a bad investment idea. Now naturally the kind of person who comes up with this get-rich-quick scheme is going to try anyway, but for the rest of us I will try and explain here why this is a bad idea. + +First, let me clarify the difference between currency value and collectable value. If I get a five quid note and I pay five quid to get it, this does not mean it is a collectable. That is just how money works. For something to be collectable it has to have a value above and beyond what you would be able to use it as if you just spent it as cash. To extend this just a tiny bit more, if I got an ultra rare limited edition five quid note that is in mint condition and I pay a million quid for it, the actual colectable value is nine hundred ninty nine thousand nine hundred ninty five quid. + +The next thing I need to explain is marginal value. Lets say a store was selling apples. What would be the better sale price? Half off? Or buy one get one free? At first thought this seems total nonsense. Thats the same thing! But not so fast. What if I was selling toothbrushes? Do I realy need two toothbrushes? If I got a second toothbrush, one of those is just going to be kept under the sink untill the first toothbrush wears out. I would rather just get one toothbrush only and get it for half off. This is marginal utility. + +So with both of these idea in mind, lets talk about coin collecting. Say someone wants to start collecting and the first thing they try is getting all five of the "five good emperors". They go to a few swap meats and quickly start acquiring the set. But Nerva is giving them some problems. No matter where they go, they cant seem to find a Nerva. But they keep at it and soon enough they find one for sale but its $200. Ouch! Thats above their price point for just a starting collection, but they realy want to have the whole set. So they break down and pay it. A few more months roll by and they once again find someone selling a Nerva and selling it for $199. I this was absolutely any other product it would be natural to think they would buy this second one also. But what about the collectable value? What about the marginal utility? Do they honestly need a second copy of the Emperor Nerva coin? The series is already complete so what's the point of having it in your collection twice? Who cares if its a buck cheaper. They wouldn't even buy it to try and "flip" to another collector. The time and effort they would need to go to in order to flip it would bot be worth making just $1 in profit. + +And that leads us finally to Queen Elizabeth II. Coins and banknotes with her likeness are not rare to begin with. Supply already way outstrips demand. But even on the demand side, collectables do not follow the regular supply-and-demand curve. Every economic textbook out there shows this graph as a smooth gently curving function. But the supply-and-demand for collectables doesn't do that. There is a hard upper limit that is the total number of people that are collectors. If the number of coins is less than the number of collectors, there will be demand. But if the number of coins is more than the number of people that are into the hobby, you do not get a slow gradual tapering off. You get a graph that drops off a cliff. + +There are ancient roman coins out there that you can get even today that are just the value of the metal the coin is minted from. The collectable value that is above and buying the value of the base metal is basically zero. This is true despite the emperor depicted on the coin being dead for thousands of years. The reason they have no collectable value is ttoaly decoupled from the emperor being alive or dead. The lack of collectable value comes from the fact that the number of coins in existence is larger than the number of people in the hobby. There is enough to give all collectors at least one, and nobody cares about having a second one. + +Coins and Banknotes with Queen Elizabeth II will never have a collectable value. Dont even try to buy them up now with the hope that in the future you can sell them for more. It wont happen. It cant happen. Don't even try. If you want to use this event as motivation to get into coin collecting as a hobby them have at it! Its a great pastime and I will welcome you. But if your just out to flip coins as a get rich quick scheme, then dont. + +"You know Jerry, I'm not gonna tell you that this coin will increase in value, or even hold its current value. The truth is, you brought it cuz you like it. It has value to you. That's what matters" +[Report (PDF)](https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Update_5KJWZA.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2021-Update.pdf%22) + +&#x200B; + +|Particular|Q120|Q121|Percentage Change| +|:-|:-|:-|:-| +|Revenue|5,985|10,389|73.58&| +|Net Income|283|594|109| +|Adj. EBITDA|951|1841|95| + +This is pretty much expected after the good delivery numbers they released. + +* Automotive revenue stood at 9 Billion +* Regulatory credits were 518 Million +* Gross margins expanded by 95 Basis points YoY to 26.5% + +Some interesting things I noticed + +* Tesla sold some Bitcoin and made a 101 Million gain. Elon Tweeted this about the sale + +>No, you do not. I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet. + +This seems like a bunch of BS and I think They just wanted to Massage earnings a little bit or take some profits. + +* Elon can now vest his last two tranches. +* Elon stated that they faced problems due to chip shortages. +* Elon also predicted that Model Y will be the best selling Vehicle in 2022 or 2023 + +ETA production estimate that I missed. +If you look at the Tesla and Overstock “squeezes”, they are long and extended. 6 to 10 months. Both were massively over shorted in a similar way that it was significant enough that both companies CEO’s were vocal about it. Whether it’s a share dividend (Tesla) or a crypto dividend (Overstock), both went up drastically, BUT it wasn’t quick and violent. GME will be similar. “How” they’re able to slow it down, I have no idea, but when there is a warning (announcement), everyone knows it’s coming. This isn’t a “sneak attack”. In some way, they know they’re screwed, but able to delay. So, enjoy the ride, but don’t expect to quit your day job just yet. With that being said, the marketplace can/will be the wombo combo that Tesla was. It was a combo of shorts covering along with a company having significant success/growth at the same time. As always, DRS. +So I'm sure you have all seen Gherks recent autobiography that includes his reasoning for not DRSing his shares. He basically states that DRSing does not affect the shorts ability to create and use synthetic shares to short the stock, because locates simply aren't happening. This is correct, but it completely misses the actual point of why we are trying to register the float. + +GameStops publicly available float is between 30M and 60M shares depending on what all you're including. GameStop just announced the number of shares that were held in DRS in their last quarterly report (btw the fact they did this should already convince you of the importance of DRSing your shares, **this shit is unprecedented**). Assuming they continue to announce the total shares held at ComputerShare each quarter, we *will* eventually know as an indesputable fact when we have registered the entire float. + +The point of this is not to take liquidity and shares available to short away from the SHFs. In fact I'm convinced that theory is complete FUD. The real point of this is *publicly announcing that the entire float is owned by retail, while large volumes of trades continue to hit the exchange, which should be impossible.* + +When that happens, it's absolutely game over for hedgies. The corruption in the market will be undeniably exposed and the public, and I mean the entire public, will then be aware that we were right. Massive FOMO, protest, and hopefully regulatory action *will* follow. + +Options plays creating gamma pressure certainly helps create squeeze situations, I'm not denying that. But it's not only foolish to say that options are the only way to force MOASS, it's actually completely wrong. I am completely convinced that once the entire float is registered and it is announced publicly, MOASS will begin. + +It would be a analogous to when Porsche announced that they owned 74.1% of VW which notified the public that there was a very small number of shares available (6%) to be bought up by hedge funds to cover the 13% short interest that existed. The difference is that GME is probably shorted an order of magnitude higher than 13% and at that point there would be exactly 0% of the float available to purchase to cover those positions. Infinity pool anyone? + +I'm sorry but stop fanboying for people that have a platform to uphold. Gherk built his platform on options plays and now he refuses to change his mindset because that is what brought him his following. I don't have any hate for Gherk but I really dislike the fact that he has such a large presence here and sows doubt on our one true ticket to salvation. DIRECT REGISTERING THE ENTIRE FLOAT. + +DRS is the way. Peace out y'all. +I'm curious what it's like to be a mortgage broker in the US and figure there are some of those on this subreddit. What is the day-to-day work like? Is there a substantial difference between what a commercial and a residential (e.g. SFH/condo) mortgage broker does? Which one is able to earn more? Do mortgage brokers in the US earn residuals/trail income like they do in some other countries? + +Any advice on how to get into this business? + +Many thanks. +I wanted to throw this out there as a quick example mostly for our younger investors who may not appreciate in relation to time how money compounds in real life (hint doesn't feel like a straight line). + +Here is an example of a situation a real life investor might experience: + +If you take a 30 year old and he/ she starts to invest $1500/ month (18k/ year) for 30 years (until age 60) at a imaginary 8% return per year he/she will end up with 2+ MILLION. + +That is the type of example everyone has seen, but here is what most fail to appreciate which makes investing hard for many folks even with the best intentions... + +1/2 of that return (1 MILLION) was gained only in the last 7-8 years of that 30 year period. So even if the investor was diligent and did what he/ she was supposed to do they would have felt like they weren't making any progress, i.e. spinning the wheels for the first 22 years or so! In fact, waiting for high growth at the end is NORMAL. Folks get bummed out they aren't millionaires after about 1, 3, 5, even 10 years, but the above person ended up with 50% of all their future money to spend in the last 8 years or so (age 52-60 in this example). + +Just an observation that may help others. The point being once you have an set asset allocation your job is just to be a robot and save EACH month over and over again and don't worry about the total $$$ in your accounts. The latter you won't appreciate until the end of the journey (20+ years later from when you started). + +If anyone wants to visualize this play with the calculator on the SEC website: [https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator](https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator) +Wife started a new job, about a week later we received checks from a bank that is nowhere near us, in her name. We looked further into it, her name and address were on the checks with a CA phone #. We called the bank and reported it. We started getting Robinhood notifications in he re name shortly after. About a week ago she was having a conversation with a woman from HR and brought up the check thing. The HR woman told her she is 1 of 4 new employees that reported the same issue. This has never happened before, we are clueless. The bank said they are handling it, and they placed a freeze on her name, but I feel like there's more to take care of. Also, the payroll guy at my wife's new job is completely dismissing the issue, pretty much saying it's not his fault. Any advice would be greatly appreciated! +I’ve been adding money to my options account over the past 5 months and as of the middle of July it was up to $40,000 I’ve put in. + +During the month of July I collected $2,747 in premium selling CC’s & CSP’s, July seems to have been a good month to be an options seller. + +I’m 34, have been a buy and hold investor for 15 years and plan to use a conservative options strategy to supplement my income in the future. + +Simple math tells me that if I reallocated some funds and had $200,000 in my options account I could reasonably expect to collect $10,000 in monthly premium with a similar strategy as I’m currently using. + +I’m currently wheeling stocks that are between $8 & $35 per share,1-4 weeks out, varying in volatility and generally not around earning or any other major news. + +As you scale an account and grow to higher priced stocks what factors should be considered? I’m certainly not a pro & have a lot to learn, but I am making money through a dicey market and am not afraid to bag hold as needed. + +All insight is welcome and 🍻 + +**edit** +As most of the “booger pickers” who don’t know how to use quotes pointed out, I am a total “noob”. + +Items that may be relevant to gaining some additional real insight and quality conversation: + +I’m not retired, I don’t plan to live on this money as a primary source of income anytime soon (likely reinvest any gains) & I’m not currently deploying any strategies outside of SELLING CC’s & CSP’s. + +We have a strong working income, this hypothetical $200,000 is about 20% of our market invested assets & I own a handful of cash flowing rental properties (likely where a few of the other “noobs” live with their moms). + +Perhaps 5k monthly in premiums is more realistic?? + +Thanks again & 🍻 +RC quoted JFK knowing most of you dumb dumbs would interpret him to mean "DRS" or "BUY TO PUMP Q2 NUMBERS" - and both of those interpretations benefit the company - but I think all those ideas are WAY too on the nose. Papa really wants us to mentally prepare for what is coming and choose to use this opportunity to make the world a better place. We have a rare opportunity to change the course of history and completely redefine the power dynamic of this world. That is an INSANE amount of responsibility to give a bunch of Lambo hungry crayon eating banana fuckers. So do the world a favor and READ the speech RC quoted. It will take you 2 minutes and might make you a better person or some shit. Replace all the God references with Gamestop Board of Directors or something. + +"Ask Not What Your Country Can Do For You" +John F. Kennedy's Inaugural Address, January 20, 1961 + +We observe today not as a victory of party, but a celebration of freedom — symbolizing an end, as well as a beginning — signifying renewal, as well as change. For I have sworn before you and Almighty God the same solemn oath our forebears prescribed nearly a century and three quarters ago. + +The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe — the belief that the rights of man come not from the generosity of the state, but from the hand of God. + +We dare not forget today that we are the heirs of that first revolution. Let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans — born in this century, tempered by war, disciplined by a hard and bitter peace, proud of our ancient heritage — and unwilling to witness or permit the slow undoing of those human rights to which this Nation has always been committed, and to which we are committed today at home and around the world. + +Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, in order to assure the survival and the success of liberty. + +This much we pledge — and more. + +To those old allies whose cultural and spiritual origins we share, we pledge the loyalty of faithful friends. United, there is little we cannot do in a host of cooperative ventures. Divided, there is little we can do — for we dare not meet a powerful challenge at odds and split asunder. + +To those new States whom we welcome to the ranks of the free, we pledge our word that one form of colonial control shall not have passed away merely to be replaced by a far more iron tyranny. We shall not always expect to find them supporting our view. But we shall always hope to find them strongly supporting their own freedom — and to remember that, in the past, those who foolishly sought power by riding the back of the tiger ended up inside. + +To those peoples in the huts and villages across the globe struggling to break the bonds of mass misery, we pledge our best efforts to help them help themselves, for whatever period is required — not because the Communists may be doing it, not because we seek their votes, but because it is right. If a free society cannot help the many who are poor, it cannot save the few who are rich. + +To our sister republics south of our border, we offer a special pledge — to convert our good words into good deeds — in a new alliance for progress — to assist free men and free governments in casting off the chains of poverty. But this peaceful revolution of hope cannot become the prey of hostile powers. Let all our neighbours know that we shall join with them to oppose aggression or subversion anywhere in the Americas. And let every other power know that this Hemisphere intends to remain the master of its own house. + +To that world assembly of sovereign states, the United Nations, our last best hope in an age where the instruments of war have far outpaced the instruments of peace, we renew our pledge of support — to prevent it from becoming merely a forum for invective — to strengthen its shield of the new and the weak — and to enlarge the area in which its writ may run. + +Finally, to those nations who would make themselves our adversary, we offer not a pledge but a request: that both sides begin anew the quest for peace, before the dark powers of destruction unleashed by science engulf all humanity in planned or accidental self-destruction. + +We dare not tempt them with weakness. For only when our arms are sufficient beyond doubt can we be certain beyond doubt that they will never be employed. + +But neither can two great and powerful groups of nations take comfort from our present course — both sides overburdened by the cost of modern weapons, both rightly alarmed by the steady spread of the deadly atom, yet both racing to alter that uncertain balance of terror that stays the hand of mankind's final war. + +So let us begin anew — remembering on both sides that civility is not a sign of weakness, and sincerity is always subject to proof. Let us never negotiate out of fear. But let us never fear to negotiate. + +Let both sides explore what problems unite us instead of belabouring those problems which divide us. + +Let both sides, for the first time, formulate serious and precise proposals for the inspection and control of arms — and bring the absolute power to destroy other nations under the absolute control of all nations. + +Let both sides seek to invoke the wonders of science instead of its terrors. Together let us explore the stars, conquer the deserts, eradicate disease, tap the ocean depths, and encourage the arts and commerce. + +Let both sides unite to heed in all corners of the earth the command of Isaiah — to "undo the heavy burdens -. and to let the oppressed go free." + +And if a beachhead of cooperation may push back the jungle of suspicion, let both sides join in creating a new endeavour, not a new balance of power, but a new world of law, where the strong are just and the weak secure and the peace preserved. + +All this will not be finished in the first 100 days. Nor will it be finished in the first 1,000 days, nor in the life of this Administration, nor even perhaps in our lifetime on this planet. But let us begin. + +In your hands, my fellow citizens, more than in mine, will rest the final success or failure of our course. Since this country was founded, each generation of Americans has been summoned to give testimony to its national loyalty. The graves of young Americans who answered the call to service surround the globe. + +Now the trumpet summons us again — not as a call to bear arms, though arms we need; not as a call to battle, though embattled we are — but a call to bear the burden of a long twilight struggle, year in and year out, "rejoicing in hope, patient in tribulation" — a struggle against the common enemies of man: tyranny, poverty, disease, and war itself. + +Can we forge against these enemies a grand and global alliance, North and South, East and West, that can assure a more fruitful life for all mankind? Will you join in that historic effort? + +In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility — I welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavour will light our country and all who serve it — and the glow from that fire can truly light the world. + +And so, my fellow Americans: ask not what your country can do for you — ask what you can do for your country. + +My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man. + +Finally, whether you are citizens of America or citizens of the world, ask of us the same high standards of strength and sacrifice which we ask of you. With a good conscience our only sure reward, with history the final judge of our deeds, let us go forth to lead the land we love, asking His blessing and His help, but knowing that here on earth God's work must truly be our own. +A recent post by u/bpawsitive about the DTCC’s next move from their playbook is going to be epic. https://www.reddit.com/r/Superstonk/comments/rqvwpm/dtcc_to_weaponize_chill_and_freeze_on_meme_stocks/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + + +We’ve been through the ladder attacks, the fake news, aka flat-out lies and manipulation, the hiding of the buy button, the deliberate stalling of Direct registration, the Fidelity back stabbing, PFOF, and the list goes on. + +Hahaha, this next one, oh man, Chill and Freeze are gonna be a huge upset for the DTCC. More eyes should be one this story https://www.linkedin.com/pulse/dtcc-weaponize-chill-freeze-meme-stocks-tale-quid-pro-a-p- + + +Here’s a little excerpt: + +To those of you uninitiated to the world of equity trading, "chill and freeze" tactics are the two main defense protocols when the DTCC's insurance policy comes into a direct threat. From time to time a problem might come into the DTCC's periphery that could pose harm or threat to the company or the market itself. Systemic risk is always on the forefront of DTCC's risk management officer's mind. However, systemic greed trumps logic and good sensibilities. The GME/Popcorn play is a fine example of this in action. When a securities starts to pose a systemic threat, the larger institutions are the first to be notified. Companies like Citadel and SIG will most likely defer to senior management to create avenues of approach to stay in the play, whether it be through paying a larger sum in margin requirements, extended courtesy's or some kind of plan that demonstrates a possibly exit strategy. It's my belief that the short hedge funds have done a combination of the three to stay in this play. The one deficit DTCC has miscalculated in the retail sentiment for these two securities. Retail investors are united in this play. With a brilliant decentralized leadership model, the retail investors have invariably committed to the notion that they would rather hold than sell, as a means to garner attention to the corruption on Wall Street. + +A "chill" is a restriction placed by the DTC on one or more of it's services, in order to quell volatility and gain some semblance of control, however, this tactic will not work. The psychology behind the "chill" is to create a sense of urgency for retail investors to exit their positions. These chill periods maybe for a few days but can stretch up to 30 days depending on the reason. This downtime is supposed to create a fear that they will lose money if they do not sell upon the termination of the chill period. This is where the risk management officer will make a critical and potentially fatal error. + + +EDIT: I don’t think Computershare will be able to complete its requests if Chill and Freeze is invoked because CS has to request to withdrawal and the DTC has to play ball. However the spoiled rich kids are saying chill and freeze is a timeout and they taking the ball and going home because their losing their own game. So no I don’t think anyone will be allowed to do anything. Which will cause more FOMO and when GME comes back online it will be opening a flood gate of queued purchase and waiting for transfer. And the rich kids black eye will still be there after the timeout. + +Tell the rich kids that this time is different and mommy is not here to save you. Prepare for an ass kicking you little spoiled brats. + +EDIT 2: Let’s not forget that GME has already declared that if the DTCC is not capable of doing their job that GME will remove itself from their system and seek another platform. + +Edit 3: SEC supports Chill and Freeze https://www.investor.gov/introduction-investing/investing-basics/glossary/dtc-chills-and-freezes +Losing consistently in a trend is frustrating. It tends to make people feel either stupid or conspired against. The market always goes up ... until you buy. What's with that? + +&#x200B; + +If you find yourself getting the run around in trending moves, this post should help. + +&#x200B; + +We'll start with having a look at the areas common styles of trend following can generate losing signals '/ stop losses. The two main types of trend trading are breakouts and retracements. Here we can see the areas they are likely to generate losing trades in a typical trend formation. + +&#x200B; + +https://i.redd.it/14c7t96ufbj31.png + +On the left, we have breakout loses. On the right we have retracement losses. + +The trades on the right are not too much of a problem. If you had a sold trend trading strategy using breakouts and maintained it with good money management, you'd be doing well. Having some strings of small losses would not matter relative to the trend moves you catch. It's this red bit. This is where things get sketchy. Here a lot of false signals will be generated. In a larger picture for retracement traders, but also on short term false breakouts. + +&#x200B; + +Strategies that would have been very profitable ran through the blue area can become breakeven or losing strategies in the red area. This is actually (in my view) likely the reason most trend based EAs that can be designed easily or bought have limited long term profitability even if they produce great short term results. To make money in a blue market, the EA needs you to tell it how to do two things. Not get stopped out, and sell. There may be bumpy bits, but it will make money so long as that market condition continues. + +&#x200B; + +This is all well and good, but the reality of having to deal with risk control in adverse market conditions will inevitably come along. When this happens, not adapting your trend strategy to filter out the losing streaks that most strategies will generate seriously hampers your net profitability and can even turn a good strategy bad. + +&#x200B; + +In the early week gap and brief breakout on USDJPY, I thought it was likely we were switching from a blue market to a red market. So I activated the trend followers of different variations on my Shorting Noobs strategy, and waited to see if they'd pick up the worst signals (giving me ideal entries). + +[https://www.reddit.com/r/Forex/comments/cvki79/shorting\_noobs\_fake\_news\_false\_breakouts\_and\_the/](https://www.reddit.com/r/Forex/comments/cvki79/shorting_noobs_fake_news_false_breakouts_and_the/) + +&#x200B; + +https://i.redd.it/v34h1n0sgbj31.png + +&#x200B; + +I explained what I thought the best trade pan for the sort of price action we'd see in the coming trading sessions would be. + +https://i.redd.it/x9qmvoqwgbj31.png + +My theory here is if you put a bunch of okay strategies (and these are not horrible traders. They have rules, and follow them. Do overall okay) into the very worst conditions, they'll do the worst thing. Which saves me the effort of being here doing what I think is the best thing. To look for big drops, and then it have a little false breakout. Buy this and take profits into spikes. + +&#x200B; + +Here that is a bit closer. + +&#x200B; + +https://i.redd.it/1vgi23ohibj31.png + +Particularly where the red mark is, this has produce a perfect counter signal. Sharp drop, false breakout. Buy and take profit into spike up. + +&#x200B; + +The interesting thing about this for me, is I do not find too much to be critical about with many of these positions if we are to look at the market from the perspective of a seller. Their stop losses seem to make sense from much of the stop loss rules commonly used (and ones working for them okay in other times of the strategy), but they're commonly being stopped out at the highs. + +&#x200B; + +The main problem most strategies have is the recurrence of what can be increasingly strong looking sell signals. When using solid rules, this is a limited problem (can still be big), but without this and with there being emotional decisions made, this is a really hard time to trade. It's easy to lose all your money trying to follow the trend here, without really doing too much wrong other than starting to chase a loss or refuse to accept a loss. Then things happen so quickly, and that's it. Being a revenge seller selling into the bear engulfing bars right before the 50 pips 1 minute candles does not go well a few times in a row (tried and tested, would not recommend). + +&#x200B; + +As I mentioned in the comments for the OP of this analysis, I stopped selling at 106.05. I stopped copying most of the strategies there because I didn't want them accumulating sells at a possible high. All through the consolidation period their have been sells accumulating and obviously the stops are above the highs, which is exactly the area I'd expect to spike out and reverse from in this pattern. It's what my manual trade plan inverts. + +https://i.redd.it/3488sp3hlbj31.png + +So at this point these strategies that have been doing well over the blue period (which has been a longer time) have lost most of gains. If the trend continues from here in the main they will breakeven on this red section (would be okay). If there are spike outs of the highs they will generate a lot more losing signals. By the end of this, strategies that have been profitable for 3 months will have leaked back a substantial amount of that in only 4 - 5 days. + +&#x200B; + +Learning to remove these correction weeks from their trading patterns would very much benefit most trend following systems. + +&#x200B; + +Here's the overall results from betting against either trend following or trend reversal mistakes like this. + + + +https://i.redd.it/6f8v4vgumbj31.png +EIP 958, posted on GitHub by Ethereum core developer Piper Merriam, formally proposes that improved ASIC resistance be implemented into the network’s instance of Ethash, a Proof-of-Work (PoW) consensus algorithm.[ccn.com](https://www.ccn.com/ethereum-developer-opens-eip-to-discuss-bricking-ethash-asic-miners/) +https://finance.yahoo.com/news/netflix-cancellations-surge-following-cuties-controversy-data-shows-114312558.html + +According to subscription analytics firm Antenna, Netflix cancellations surged 5x the normal amount following the release of “Cuties.” + +Meanwhile, Data analytics firm YipitData reported a similar trend, with the company telling Yahoo Finance that Netflix’s U.S. churn “rose materially” last weekend in the wake of the controversy. As of last Saturday, disconnects were running at nearly 8x the daily levels observed in August — a multi-year high, YipitData added. + +Still, despite the downbeat data, the cancellations should not have much of a lasting impact on Netflix’s overall subscriber base. The platform has well over 182 million users worldwide and is the clear leader in the competitive streaming space — regardless of its recent controversies. + +Thanks for the awards. +Hi guys, hoping to pick your brains here. + +Last year I sold a bunch of ARKK CSPs and got assigned 60k worth of shares. Was waiting for a good time to wheel it and long story short, I’m not down 50% from my entry. + +I know it’s dumb to hold it up to now, but my question is what do I do now? Wait for the price to recover a little from Putin and sell? Sell now and eat the 30k loss and quit theta? Sell calls in the current climate? + +Also, how do I avoid this in the future? Without the benefit of retrospect, I’m not sure what I would have done differently. + +Thanks! +&#x200B; + +There was a post by Kraken founder about new Canadian legislation and I saw one very interesting and alarming reply on the comments. One of his followers just replied Jesse that Kraken may be put in position to freeze our assets without judicial consent and will probably comply to that request. Jesse just 100% agreed with that person and on top of that suggested to keep funds away centralized exchanges. + +I think it's the first time we see any CEX CEO suggesting to move away our funds from centralized custodians. We should definitely appreciate the man for raising alarm and being so honest even though it may harm his business. + +https://preview.redd.it/6adhek7tuji81.png?width=711&format=png&auto=webp&s=82fdebbba0cb5ea86b4bebcdfa220c8c596304d3 +The reason is that a lot of the household bills (which are about half in by name, half in his) are hard to pay from the other person's account. Payments say they go through on the online portal but then somehow don't a while later (this happens when I pay as well). + +It's very frustrating and we want to solve this. Plus have a common account for groceries and things like that. + +We'd both put equally into this new joint account. I said we'd need to do it at a separate bank not associated with the ones we use already just to avoid confusion. + +**Just being paranoid but if someone goes after him for whatever--student loans, a car accident, an overdraft--could it damage my credit or could they garnish my other accounts?** +I see many posts about early retirees using high deductible ACA plans, but I've found an alternative that offers MUCH better insurance at much lower rates: student health insurance plans. + +I FIRE'd a year ago but not until I was accepted into a master's program at a university with a great health insurance plan. Yes, I have to pay tuition but I'm only taking one class per term (two per year) in order to drag out my degree as long as possible. My classes are $1,125 each and health insurance in the Cigna network costs $1,750. In addition, I've enrolled my partner for dependent coverage at another $1,750 per year. Our plan has a $0 deductible and $6,400 out-of-pocket maximum per individual. Any in-network services are a $20 co-payment or at most 10% coinsurance. + +&#x200B; + +Each year, we receive fantastic coverage and I complete two classes toward a graduate degree for just $5,750. This will keep us covered for five years at which point one of us will apply for another degree program. In addition, my program is fully online, so we have the flexibility to live anywhere we choose. + +&#x200B; + +I hope some others in this community can benefit from this option. I imagine part of the reason the student plans are so cheap is the fact that most enrollees are in their twenties. But age doesn't matter when enrolling through a university plan, so might as well take advantage! +I called Fidelity a few months ago and asked why my acct was down 5%+ and they told me my investment mix was not set correctly for someone who is 42 and only been saving for 5 years. They changed my mix and now I am down 15% for the year. I realize the economy is trash but has everyone else seen the same type of decrease or are they making poor choices for my investment mix? I contribute 8% and company matches 6% I am single and recent home owner and make about 55k in a relatively low COL area if that matters. Any advice is helpful. +So I’m 19 years old somewhat struggling with my finances, I work a job at $15 an hour, with 40 hours a week, and guaranteed overtime whenever I want it. I really need advice from someone wiser than me, I have about 3500 in savings at the moment, and I’m currently looking for an apartment in Tampa, with my girlfriend which is not a very cheap commodity here. I need a plan to save money so I can start investing/ hopefully day trading so I can make more money. My usual check after taxes with no overtime is about 1050. (bi-weekly) With overtime (about 18-20 hours a week) it comes to about 1600-1700 after taxes, and I do get full health insurance and social security here. My monthly expenses right now are 470 for car payment, 300 for insurance, 300-400 for food every two weeks (I body build as a hobby so I tend to eat a lot of food) and 70 for my phone bill. So my monthly expenses come out to about $1440, and cheap rent in Tampa for a 1 bedroom is about 900 maybe 850. If it matters my credit score is only at 580 I am currently waiting on a waiver to enlist in the army, but probably won’t ship off for another few months. Me and my girlfriend do plan to get married prior to me shipping off, which will make my pay somewhat higher but I will be using that money for its intended purpose. I also really do not want to rely on my pay in there to be my main source of income I’d like to start day trading so that maybe I can make my salary in the army twice a year with stocks, and or crypto. I also do plan to attend college after my contract, and then commission afterwards. Any advice of how I could start realistically saving with those numbers, and making more money would be greatly appreciated. +We know the usual stuff (invest, good debt, etc). What are some normal everyday things rich people do that sets them apart. Especially those who started off in the lower / middle socioeconomic group and moved up. + +Example: + +Did they change who they associated with? Is that real or just a myth on social media ? + +Do they never eat out or spend on coffee ? + +I just want to understand what actions they moved up financially on daily basis? + +I want to know some practical things you can put in place immediately to help support your journey to financial freedom. +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) +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). +Red Flag? My heart is telling me yes. + +I just bought my first rental property and closed this past week. My father in law (FIL), who also owns and manages properties, gave my number to a friend of his in late October when my offer was initially accepted on the home. This friend is looking for a place to live but all my father in laws properties are occupied at the moment. + +This friend calls me up and says he’s interested in renting my rental property as soon as I close on the house. I tell him the date I close then tell him I would be in touch. The day I closed on the house, he texts me and asks me for an update. I text him back saying I just closed and he’s welcome to come by and check the place out. + +He and his wife come by, and overall he’s a pretty nice guy, but has very big energy and is definitely an alpha (he’s a car salesman and has been for 20+ years). First thing he comments on is how small the place is. Second thing he says/asks is “why is it so dirty?”. I told him I literally closed 2 hours ago and planned to spend the week cleaning the house. + +Before leaving, he and his wife say they do want to rent it for themselves and their 3 kids. I say great, and tell them what I want the monthly rent to be. When I tell him the amount, he asks if I could make the rent $100 less, since he’s friends with my FIL. I told him I’d think about it. + +I go talk with my FIL and he vouches for the guy and tells me he wouldn’t hesitate to rent him a property if he had one available. + +I call the friend this past Thursday and tell him I agree to rent my property to him at the rate he requested. He says great, and we set up a time to meet to sign the lease (which is tomorrow l). I also told him I’d text him on what to bring and what I need from him. He says that’s fine. So I text him asking for the full names of everyone that will be living in the home. Told him I need the names on the lease for my records, and for liability purposes. Then I tell him to bring $X,XXX.00 for 1st months rent and security deposit. He just texts back and says “ok”. + +Fast forward to today, he never texts me the names of everyone who will be living at the house, so I text him a few hours ago asking for them again. No answer. + +I HATE being passive aggressive, but I’m thinking about texting him, “you’re still interested, right?” Or something like that. + +I get people have lives and are busy, but this guy has had ample time to respond. Also, his non-response and not following my simple request has me worried he’s just going to be a dodgy tenant. + +Being a 1st time landlord, what would experienced landlords advise or recommend? +I don’t have anything else to add here, the title really speaks for itself. I’m wondering what are some wonderful papers that algorithmic traders should consider reading? +